The Business Times, 29 December 2011

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Microfilm: NL31730
Total Pages: 28
1 28 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Thursday, December 29,
    23 words
  • Article, Illustration
    Lock icon US$ Sibors hit 52-week highs
    537 1  -  Shrinking supply of US dollars and rising demand are pushing up interest rates By EMILYN YAP [SINGAPORE] Less supply and more demand for US dollars in the banking system here are showing up in fast rising benchmark interest rates. The three-month US dollar Singapore Interbank
    Source: Bloomberg  -  537 words
  • Article
    Lock icon Temasek may cut losses on troubled Pakistan venture
    650 1  -  NIB Bank, in which it owns 88.6%, has suffered huge losses despite cash injections By CONRAD TAN [SINGAPORE] Temasek Holdings is looking to sell its majority stake in troubled Pakistan lender NIB Bank, just months after it injected over $100 million into
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  • Article
    Lock icon MARKETS DIGEST
    141 1 HST INDEX 2,666.25 (-7.37) HST INDEX FUTURES 2,665 (-9) HSIMSCI 303.87 (-1.33) HSIMSCI FUTURES 303.70 (-1.50) FOREX US$ S$ US$ (S$ per US$) 1.298 (US$/S$ per 1.566 2.032 EURO (US$/S$/E) 1.306 1.695 Foreign currency per US$ S$ YEN 77.80 59.90 RM 3.166 2.440 HK$ 7.776 5.993 BAHT 31.56
    141 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      549 2 Temasek may cut losses on troubled Pakistan venture TEMASEK Holdings is looking to sell its majority stake in troubled Pakistan lender NIB Bank, just months after it injected over $100 million into the bank. A source told BT that Temasek was looking to offload its 88.6 per cent
      549 words
    • Article, Illustration
      Lock icon Shoebox apartment prices continue dipping in Nov
      787 2  -  Buyers may have pulled back since August due to volatile climate By KALPANA RASHIWALA [SINGAPORE] The prices of shoebox apartments and their prospects are back in the limelight. Flash estimates from NUS’s Institute of Real Estate Studies show that prices of completed small
      Source: Institute of Real Estate Studies, NUS  -  787 words
    • Article
      Lock icon SPH to fight Yahoo over copyright claims
      828 2  -  Newspaper group says Internet giant copied more than just facts By KENNETH LIM [SINGAPORE] Singapore Press Holdings will strenuously pursue its copyright claims against Yahoo Southeast Asia, the newspaper publisher said on Wednesday. SPH alleged in court filings that the Internet giant plagiarised
      828 words
    • Article, Illustration
      Lock icon Renewed push for productivity
      1514 4  -  But Singapore firms are well aware of the need to upgrade and upskill with or without coaxing. ANNA TEO reports reports ANNA TEO [SINGAPORE] Tdibc2oHE electronics industry may still be in the doldrums, but for at least one company here, 2011 has turned out to be
      Source: Department of Statistics  -  1,514 words
    • Article
      Lock icon Japan’s November industrial output plunges 2.6%
      687 4  -  Fall in retail sales, CPI point to continued deflation By ANTHONY ROWLEY in Tokyo HIT by sagging overseas demand, Japan’s industrial output fell more than twice as fast as expected last month. This was announced yesterday as analysts at one leading investment bank in
      687 words
    • Article, Illustration
      Lock icon How long will ABSD stay in the market?
      603 4  -  Remark about ‘short-term’ step gets an airing By MINDY TAN [SINGAPORE] The president of the Real Estate Developers’ Association of Singapore raised eyebrows on Tuesday by asserting that the latest cooling measures were likely to be short-term in nature. Yesterday, many consultants
      ARTHUR LEE  -  603 words
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      1063 2 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SKY CHINA PETROLEUM SERVICES LTD. (Incorporated in the Republic of Singapore) (Company Registration No.: *****2303R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of SKY CHINA PETROLEUM SERVICES LTD. (the “Company”) will be held
      1,063 words
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      282 3 NEW LAUNCH A VIBRANT CITY. COOL GREENERY. INFINITE COLOURS OF LIFE. Feel the city. Dynamic vieus. Make a statement at The Scotts Touer, designed by uorldrenouned architect and red dot auard recipient Ben van Berkel of UNStudio, Choose from luxurious 1 bedroom [62k sq ft] to 2 bedroom (807 sq
      282 words
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      70 4 BUYING/SELLING High Value Branded Watches (PENG KWEE) Rolex Cartier Omega Patek Philippe IWC Chopard Vacheron Constantin Richard Mille Roger Dubuis Franck Muller Jaeger-Lecoultre Audemars Piguet Breguet Piaget Panerai #01-46 Peninsula Plaza #01-45 Peninsula Plaza #01-45 The Bencoolen #02-90K People's Park Complex #01-44 People's Park Centre #01-53 Lucky Plaza 26 Smith
      70 words
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      194 5 www.vw. com. sg Fantastic savings of up to $22,801. Buy the Passat CC this festive season and enjoy $20,500 off and free 1st month's instalment (with minimum 7-year loan). m k (A V. assat CC I A 3 Free action upgrade. Free Volkswagen mountain bike worth $1,630. Free roof rack
      194 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon IPO market headed for another volatile year
      966 6  -  Pricing pressures could deter some IPO candidates, say issue managers By LYNETTE KHOO SIZE does matter when it comes to initial public offerings (IPOs) as 2012 looks set to be another volatile year. Issue managers say that pricing pressures and market volatility could
      FILE PHOTO  -  966 words
    • Article, Illustration
      Lock icon GE gets into retail deposits by buying MetLife’s online bank
      387 6 Deal will help GE Capital broaden its funding base in US Reuters [NEW YORK] General Electric Co jumped into the retail deposits business on Tuesday, buying the online bank from life insurer MetLife Inc in a deal that will let
      Reuters; BLOOMBERG  -  387 words
    • Article, Illustration
      Lock icon Swiss bourse SIX wants to stay independent
      325 9 A sale is not an option at the moment: chairman Reuters [ZURICH] The Swiss stock exchange, SIX Group, wants to stay independent although its German counterpart, Deutsche Boerse AG, has shown an interest in joining forces several times, its chairman Peter Gomez told
      Reuters; FILE PHOTO  -  325 words
    • Article
      Lock icon SGX ready to act on FibreChem findings
      625 9  -  Exchange says it has been keeping tabs on probe and will act accordingly By LYNETTE KHOO THE Singapore Exchange (SGX) stands ready to take action against any breach of its listing rules after investigations into FibreChem Technologies pointed to potential breaches. “We have
      625 words
    • Article, Illustration
      Lock icon Crunch averted as corporate bond sales top US$3t for third year
      585 9 Bloomberg [NEW YORK] Corporate bond sales around the world surpassed US$3 trillion for the third straight year as yields plunged, belying concern that Europe’s fiscal crisis would lock out borrowers. General Electric, the world’s largest manufacturer of jet engines,
      Bloomberg; BLOOMBERG  -  585 words
    • Article
      Lock icon Osaki Electric is mystery bidder for SMB United
      473 10  -  Its offer price is 25% more than the hostile bid put in by Boer Power By LYNN KAN TOKYO-LISTED Osaki Electric Co yesterday revealed itself as the mystery bidder that is going head-to-head with rival Boer Power for all of SMB United’s
      473 words
    • COMPANY BRIEFS
      • Article
        Lock icon Wilmar sets up US$5b note programme
        27 10 WILMAR International has established a US$5 billion guaranteed medium term note programme. DBS is the arranger and dealer of the programme.
        27 words
      • Article
        Lock icon LionGold unit renegotiates contract
        51 10 LIONGOLD Corp said yesterday that its subsidiary, Industrial Power Technology (IPT), through which LionGold provides turnkey supplies of biomass power plants in South-east Asia, is renegotiating an engineering, procurement, construction turnkey contract with Phichit Agripower for a 9.9 megawatt multi-fuel-based power plant project at Phichit province,
        51 words
      • Article
        Lock icon Super incorporates M’sian unit
        54 10 SUPER Group said its indirect wholly owned subsidiary, Super Continental, has incorporated a RM50 million (S$20.5 million) subsidiary Super Bio-Food Ingredients (M) Sdn Bhd to house its botanical herbal extract (BHE) investment. The company in November announced plans to invest RM138 million in a BHE project
        54 words
      • Article
        Lock icon Sound Global forms Fushun City unit
        56 10 SOUND Global’s fully owned unit, Sound International Investment Holdings Limited, has incorporated a wholly owned subsidiary in Fushun City of Liaoning province, China. With a registered capital of US$5 million, Fushun Qingxu Environment Co Ltd is principally involved in wastewater treatment and utilisation and
        56 words
      • Article
        Lock icon Swiber raises size of note scheme
        33 10 SWIBER Holdings has raised the maximum aggregate principal amount of notes that may be issued under its medium term note programme to $700 million from $500 million.
        33 words
      • Article
        Lock icon Auditor qualifies Casa fiscal statements
        91 10 CASA Holdings said yesterday that its fiscal statements for the year ended Sept 30, 2011, have been qualified. Casa’s independent auditor, Nexia TS Public Accounting Corporation, said that it could not “perform sufficient audit procedures” on the results of Casa’s 23.79 per cent-owned firm Fiamma
        91 words
      • Article
        Lock icon Armarda changes financial year end
        62 10 ARMARDA Group has changed its financial year end to March 31, from Dec 31, “to allow for better management of the company’s internal processes in coordinating its financial reporting requirements with external parties and smoother flow of its operations which will result in better administrative
        62 words
    • Article
      Lock icon Hafary sells Aljunied property for $65.28m
      323 10  -  Estimated gain of $22.35m from transaction By CARINE LEE HAFARY Holdings Limited has sold all the units at its freehold Aljunied property for a collective consideration of $65.28 million. Hafary Pte Ltd, a wholly owned subsidiary of the Ca-talist-listed company, had earlier entered into
      323 words
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      2060 6 NH CERAMICS LTD. (Company Registration Number: *****4544C) (Incorporated in the Republic of Singapore on 2 July 1997) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at 48 Sungei Kadut Street 1 Level 3 Singapore *****7 on 13 January
      2,060 words
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      177 7 11 YEAR FREE 2 YEARS FREE 3 YEARS FREE JM FREE iPHONE 4S* INSURANCE* M ROAD TAX* SERVICING* M■ FREE CHEVY CASH CARD WITH $5,000 VALUE* r- m i i From $199 pm CRUZE 5 SPORTBACK 1.6 A an k M f CRUZE SEDAN ;<L From $199 pm CRUZE SEDAN
      177 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI edges down amid thin trading
      482 8  -  Investors appear to be unmoved by data which show stronger consumer confidence in the US STOCKS JAMIE LEE Reporter THE Straits Times Index (STI) edged lower yesterday amid thin trading, with investors unmoved by data showing stronger consumer confidence in the US. Confidence among
      Source: Bloomberg  -  482 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Dec 28 VALUE CLOSE BT OB/OS -171.00 +30.00 BT CADI -*****.00 -7.00 BT 10-day MA -*****.00 -17.00 FTSE ST Mid Cap 586.82 -0.77 FTSE ST Small Cap 399.47 +2.38 FTSE ST All Share 639.02 -1.28 FTSE ST China Top 187.44 +0.16 FTSE ST China 222.96 +0.63 FTSE
      66 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 2 0 0 0 4 7 2 Manufacturing 40 44 28 3 6 7 43 50 35 Commerce 22 15 12 2 2 1 24 17 13 Tpt/Stor/Comms 13 15 10
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Keppel Corp
        394 8 Dec 28 close: $9.43 DMG PARTNERS SECURITIES, Dec 28 SEMISUB order from Sete Brasil: Confirming our confidence that Petrobras awards could materialise by Q1 FY12 (latest), Keppel said it has secured a US$809 million ($1.05 billion) order for a semisub drilling rig from Sete Brazil. The rig is
        Source: Bloomberg  -  394 words
      • Article, Illustration
        Lock icon Wilmar International
        335 8  -  Compiled by LYNETTE KHOO Dec 28 close: $5.01 DBS VICKERS, Dec 28 IN an announcement issued last Friday, Wilmar International said its wholly owned subsidiary, WCA Pte Ltd (WPL), together with Kerry Properties (China) Limited (KPCL) and Shangri-La China Limited (SACL), entered into a termination agreement with the
        Source: Bloomberg  -  335 words
      • Article
        Lock icon Glossary:
        136 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        136 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 7,710 7,710 19,141 19,141 Manufacturing 68,461 8,163 76,624 48,742 100 48,843 Commerce 50,501 1,580 52,081 50,544 327 50,871 Tpt/Stor/Comms 51,775 14,034 65,809 62,470 1,773 64,243 Finance 7,408 171 7,579 61,179 17 61,196 Construction 21,362 2,039
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 1.155 -0.010 CapitaLand 2.250 -0.020 CapitaMall 1.715 +0.005 CityDev 8.990 -0.040 ComfortDelGro 1.415 +0.020 DBS Grp 11.620 -0.080 F&N 6.280 -0.010 GLP 1.740 -0.010 Genting SP 1.520 -0.005 Golden Agri 0.720 +0.005 HK Land 4.760 +0.060 JMH 47.320 +0.320 JSH 27.380
      112 words
    • Article, Illustration
      Lock icon CURRENCIES Euro steady in thin trade, Italy bond sale pending
      496 8 Reuters [LONDON] The euro was steady against the dollar in thin trade yesterday following a sharp fall in Italian short-term bond auction yields, but any gains looked limited ahead of a longer-dated debt sale later in the week. Market players
      Reuters; REUTERS  -  496 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 8 VOLUME GMG Global 36,911,000 IEV 33,237,000 HPH Trust US$ 24,662,000 Golden Agri 23,543,000 Noble Grp 19,003,000 PSL Hldgs 17,491,000 Oceanus 10,775,000 LionGold 10,524,000 Memstar 9,233,000 Artivision 8,683,000 VALUE($) DBS Grp 25,765,910 Noble Grp 21,828,175 HPH Trust US$ 19,911,451 SingTel 16,872,000 Golden Agri 16,832,495 GLD 10US$ 16,715,617 OCBC
      59 words
    • Article
      Lock icon RISES
      113 8 BY CENTS CLOSE UP DBXT iBoxxKR 5US$ ***** 285.4 1.8 Jardine C&C 4864 42.0 0.9 JMH 4732 41.5 0.7 Tianjin Zhong 70 31.8 53.8 DBS Bk 4.7% NCPS 100 ***** 30.0 0.3 DBXT FTVietnam 10US$ 1793 23.4 1.0 DBXT MSMSIA 10US$ 1234 22.1 1.4 OCBC Bk 5.1%NCPS 100 *****
      113 words
    • Article
      Lock icon FALLS
      128 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ 9047-146.6 -1.2 GLD 10US$ *****-136.2 -0.7 DBXT MSTHAI 10US$ 1540 -88.2 -4.2 DBXT AUD Bonds 5AU$ ***** -61.9 -0.3 DBXT SPASX200 10US$ 3104 -61.0 -1.5 DBXT E50 10US$ 3369 -58.4 -1.3 DBXT FTChina25 10US$ 2578 -51.9 -1.5 Lyxor China H 10US$ 1262
      128 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      1672 9 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices HG METAL MANUFACTURING LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****2660D) Registered Office: 30 Jalan Buroh Singapore *****6 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of HG Metal Manufacturing Limited (“the Company”)
      1,672 words
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      18 10 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings NOTICES
      18 words
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      222 10 RAFFLES CONVERSATIONS 2 0 11 EDITI O N The diverse experiences of some of the most influential thinkers, corporate chiefs and social activists of the age MARC BENIOFF “We have always believed that everything was going into the cloud, because it was a model that allowed everyone to succeed.” SHIRISH
      222 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Tote Board chief to stay another year
      232 11  -  By PANG JIN HU THE Minister for Finance has re-appointed Bobby Chin Yoke Choong as the board chairman of the Singapore Totalisator Board (“Tote Board”) for another year, with effect from Jan 1 next year. Mr Chin was first appointed as chairman on
      232 words
    • Article
      Lock icon Track claws secured, trains to maintain lower speed: SMRT
      328 11  -  By JAMIE LEE TRAIN operator SMRT Corporation has secured all claws used along the underground tracks of the North-South and East-West Lines, it said yesterday. Some 21 claws the metal grips used to secure the “third rail” that supplies electricity to
      328 words
    • Article, Illustration
      Lock icon Diamonds to outshine gold from next year: analysts
      1004 11 Demand to outstrip supply by 7m carats by 2016 as China and India splurge Bloomberg [MELBOURNE] Diamond prices are poised to rise for the next four years, outpacing gold, as increased spending on luxury goods in China, India and the Middle East
      Bloomberg; BLOOMBERG FILE PHOTO  -  1,004 words
    • Article
      Lock icon MBS files 7 lawsuits to recover $7.89m debt
      810 11  -  Obtaining summary judgments, writing off debts may be among firm’s goals By GRACE LEONG WITH Marina Bay Sands’ provision for uncollected gaming debts growing, the casino has stepped up debt collection efforts against local and international highrollers in Singapore’s High Court. Seven
      810 words
    • Article
      Lock icon Full production at Bukom by year-end
      176 11 SHELL expects its oil refinery at Pulau Bukom to be in full production by the end of this year, Channel NewsAsia yesterday reported. Production was halted in late September after a raging fire that lasted over 30 hours. The blaze had caused the oil
      176 words
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      747 11 MATS NOTICES LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares Plastoform Holdings *****02 Chiu Kwong Fai 25,000,000 Limited NOTICE IS HEREBY GIVEN that if within fourteen (14) days from the date hereof no
      747 words
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  • ECONOMY WATCH
    • Article
      Lock icon Australian bond yields poised to fall for fourth quarter
      556 12 Longest rally since Asian financial crisis driven by Europe’s financial turmoil Bloomberg [SYDNEY] Europe’s financial turmoil is delivering the longest rally for Australian bond investors since the Asian financial crisis, as demand for havens drives yields to record lows. Ten-year bond
      Bloomberg  -  556 words
    • Article, Illustration
      Lock icon Big, poor Brazil economy has a long way to go
      621 12 It’ll take years to match Europe on living standards AFP [RIO DE JANEIRO] Brazil beamed with pride on Tuesday on news that it has powered past Britain to become the world’s sixth biggest economy but officials say it will take
      AFP  -  621 words
    • Article, Illustration
      Lock icon Eurozone heading into a turbulent year
      753 12 AFP [BRUSSELS] The new year promises to be make or break time for the eurozone, with dramatic integration into a new fiscal union for most and predictions that one “small country” could leave the currency area. The euro debt crisis could bring all of
      AFP; REUTERS  -  753 words
    • Article
      Lock icon Best is over for BRIC funds, says Goldman
      567 12 US$15b outflow recorded, MSCI BRIC Index slides 24% Bloomberg [LONDON] Goldman Sachs Group Inc, which coined the term BRIC, says that the best is over for the largest emerging markets. BRIC funds recorded US$15 billion of outflows this year as the MSCI
      Bloomberg  -  567 words
    • Article
      Lock icon Thailand’s factory output in Nov falls 48.59% on floods
      456 12 Reuters Bloomberg [BANGKOK] Factory output in Thailand in November was slashed by half from a year earlier due to floods that halted a series of huge industrial estates, the Industry Ministry said yesterday, forecasting a fall of as much as 10
      Reuters; Bloomberg  -  456 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Challenging year ahead for M’sia: OCBC
      605 13 Declining exports, slower investment growth, softer ringgit will weigh on domestic sentiment [KUALA LUMPUR] The Malaysian economy is expected to face a challenging 2012, despite its strong domestic demand performance this year. OCBC Bank expects fiscal spending to support the economy next year, especially
      605 words
    • Article
      Lock icon Indonesian stocks expected to climb on ratings upgrade
      545 13 PT Manulife projects 15-20% gains next year, sustained by low interest rates Bloomberg [JAKARTA] Indonesia’s stocks may climb 20 per cent next year after posting the third-biggest gains in Asia in 2011 on the prospect of credit-rating upgrades and increased infrastructure spending,
      Bloomberg  -  545 words
    • Article, Illustration
      Lock icon Contractor urged to settle labour dispute
      488 13 Reuters [JAKARTA] Pressure mounted on an Indonesian firm yesterday to resolve a local dispute with workers at a Freeport McMoran Copper Gold Inc mine that has prompted the union to halt a return to work after a three-month strike. The union said that there
      Reuters  -  488 words
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      1783 13 >©' »AT=i NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices COSMOSTEEL HOLDINGS LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Sixth Annual General Meeting of CosmoSteel Holdings Limited (the “Company”) will be held at Shan Shui Palace, 450 Jalan Ahmad Ibrahim, Raffles Country Club, Singapore *****2 on
      1,783 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India anti-graft Bill faces Upper House hurdle
      739 14 Govt faces tough fight, with ruling coalition 28 seats short of a majority Bloomberg [NEW DELHI] Prime Minister Manmohan Singh is one hurdle away from creating the anti-corruption agency that has been repeatedly rejected by Indian lawmakers over four decades as he bids
      Bloomberg; AP  -  739 words
    • Article
      Lock icon Workers at LG plant in China go on strike
      373 14 Reuters [NANJING] Workers at a factory in eastern China have gone on strike, halting some LG Display production, the company said yesterday, in the latest show of strength by China’s increasingly assertive labour force. The front gate of the LG factory
      Reuters  -  373 words
    • Article, Illustration
      Lock icon Wen Jiabao urges farmer rights protection
      528 14 Bloomberg [BEIJING] Chinese Premier Wen Jiabao called on officials to better protect the rights of farmers and ensure they receive a bigger share of profits from the conversion of their land to industrial and residential use. “We can no longer sacrifice farmers’ land ownership
      Bloomberg  -  528 words
    • Article
      Lock icon China needs new policy to tackle capital outflows
      649 14 Reuters [BEIJING] China’s economy has surfed for years on a crest of hefty capital inflows, but the tide that brought gains in money supply is turning as global growth slows. Capital has flowed out the past two months. If that persists, the
      Reuters  -  649 words
    • Article
      Lock icon Xinhua urges US to end row over currency
      184 14 AFP [SHANGHAI] China’s state news agency yesterday urged the United States to put an end to a “meaningless quarrel” over its yuan currency, a day after Washington declined to name Beijing a currency manipulator. The US Treasury said on Tuesday that China’s
      AFP  -  184 words
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  • WORLD
    • Article
      Lock icon 2012 possibly biggest year for Internet IPOs since 1999
      556 15 But higher stock volatility, Europe’s sovereign-debt crisis may cut offerings Bloomberg [NEW YORK] Facebook and Yelp are set to lead the biggest year for US initial public offerings by Internet companies since 1999, testing demand for IPOs after investors lost money
      Bloomberg  -  556 words
    • Article
      Lock icon NY Times Co to sell 16 US regional papers for US$143m
      356 15 [BANGALORE] The New York Times Co said that it will sell 16 regional newspapers spread across the US south-east and California to Halifax Media Holdings for US$143 million in cash as it looks to cut costs and focus on
      356 words
    • Article, Illustration
      Lock icon FLY ME TO THE MOON, LET ME PLAY AMONG THE STARS
      53 15 An undated artist rendering provided by the US National Aeronautics and Space Administration (Nasa) last week showing the twin Grail spacecraft mapping the lunar gravity field. The two probes are scheduled to enter orbit around the moon over New
      AP  -  53 words
    • Article, Illustration
      Lock icon Wendy’s investing US$200m in return to Japan
      466 15 Chain targeting 100 Japan shops in expansion out of US Bloomberg [TOKYO] Wendy’s Co, the third-biggest US fast-food chain, added goose-liver pate and truffles to burgers as it invests as much as US$200 million on a return to Japan two years after leaving
      Bloomberg; BLOOMBERG  -  466 words
    • Article
      Lock icon Most credit downgrades in Japan in 2011
      428 15 Firms suffer from quake, strong yen, nuclear plant effects [TOKYO] Credit rating companies issued a record number of downgrades in Japan this year as an earthquake and nuclear power plant failure pushed the world’s third-largest economy into its third recession in a decade.
      428 words
    • Article
      Lock icon Obama nominates two for Fed board
      355 15 Jerome Powell, Jeremy Stein are ex Treasury officials Bloomberg [WASHINGTON] US President Barack Obama said that he will nominate two former US Treasury Department officials for the Federal Reserve Board, including one who served in a Republican administration. Jerome Powell, an attorney who was
      Bloomberg  -  355 words
    • Article
      Lock icon Carrefour sells 365m euros in property assets
      263 15 Reuters [PARIS] French retailer Carrefour, dogged by profit warnings and eroding investor confidence, said on Tuesday it had sold 97 supermarket properties held by its real-estate arm to an asset manager for 365 million euros (S$617.6 million). Carrefour, the world’s second-larg-est retailer behind
      Reuters  -  263 words
    • Article, Illustration
      Lock icon Italy’s debt costs halve at bond auction
      613 16 Tougher test comes today as it sells 8.5b euros of longer-term paper Reuters [MILAN] Italy’s short-term debt costs halved at auction yesterday as a new package of budget austerity and an injection of cheap longterm money from the European Central Bank (ECB) won
      Reuters; BLOOMBERG  -  613 words
    • Article
      Lock icon New home loans at 8-year low in Spain
      486 16 Economy likely to show contraction in Q4 of 2011 AFP Bloomberg [MADRID] New Spanish home loans collapsed to the lowest number in at least eight years in October, official data showed Wednesday, as the economy battled a feared recession. People took out
      AFP; Bloomberg  -  486 words
    • Article
      Lock icon Overnight deposits with ECB hit record high again
      301 16 Bloomberg [LONDON] Overnight deposits from the region’s financial institutions hit an all-time high for a second straight day, The European Central Bank said yesterday. Euro-area banks parked 452 billion euros (S$765 billion) with the Frank-furt-based ECB on Tuesday, the most since the
      Bloomberg  -  301 words
    • Article
      Lock icon Carlyle returns US$15b to partners
      404 16 Bloomberg Reuters [NEW YORK] Carlyle Group LP, the Washington-based private-equity firm planning to go public next year, returned US$15 billion to its limited partners during the first three quarters of this year, the most the firm has ever distributed over a nine-month period, according to
      Bloomberg; Reuters  -  404 words
    • Article, Illustration
      Lock icon N Korea bids wintry mass farewell to late leader
      492 16 AFP [SEOUL] Tens of thousands of weeping North Koreans bade farewell yesterday to longtime leader Kim Jong-il as his young son and successor walked beside his father’s coffin through a snowbound Pyongyang. Kim Jong-un was at the forefront of the three-hour
      AFP; REUTERS  -  492 words
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      Lock icon Deutsche Boerse, NYSE push back merger deadline
      366 16 Exchanges fighting to win approval of European regulators Reuters [LONDON] Deutsche Boerse and NYSE Euronext have extended the deadline for completion of their planned merger to March 31 next year as they seek to convince European regulators to back the US$9 billion deal.
      Reuters  -  366 words
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  • AVIATION
    • Article, Illustration
      Lock icon A testy year ahead for global aviation
      1155 17  -  Asian carriers likely to remain profitable, European airlines’ outlook bleaker By VEN SREENIVASAN [SINGAPORE] Though not as turbulent as some of the worst years during the past decade, 2011 has presented global aviation with its fair share of challenges. The Japanese earthquake and
      BLOOMBERG FILE PHOTO  -  1,155 words
    • Article
      Lock icon Jakarta orders airlines to pay compensation for delays
      333 17 Govt also sets out penalty for reroutes, cancellations Xinhua [JAKARTA] The Indonesian Transportation Ministry will require airline companies to pay 300,000 rupiah (S$42) to each passenger as compensation for a delayed flight starting from Jan 1, a local media reported here yesterday.
      Xinhua  -  333 words
    • Article
      Lock icon San Miguel confirms talks on PAL’s refleeting
      498 17 Reuters [MANILA] Philippine food-to-power conglomerate San Miguel Corp said yesterday Filipino tycoon Lucio Tan, owner of Philippine Airlines, sought its help for the flag carrier’s refleeting and modernisation plans. San Miguel, in a disclosure to the stock exchange, confirmed local media reports it
      Reuters  -  498 words
    • Article
      Lock icon China building world’s tallest airport in Tibet
      235 17 Reuters [BEIJING] China will start work on the world’s highest airport next year, in Tibet’s Nagqu county, state media said on Tuesday. The airport will be about 100m higher than the existing record holder in another part of the remote and restive region.
      Reuters  -  235 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      323 17 CRYPTIC CROSSWORD Across 7 Old woman at home getting bag in country’s chief part? (8) 9 A place for a contest in broad street (6) 10 Source of notes kept by hobo eagerly (4) 11 Cold sore with lip man treated (10) 12 What minister regularly does, fine sort entertaining
      323 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    3098 18 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
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  • SHIPPING
    • Article
      Lock icon Fuel oil seen trading at ‘3-year high’
      575 19 2012 price expected to be US$5 a barrel below Dubai crude Bloomberg [SHANGHAI] Fuel oil may trade at a three-year high relative to crude in Asia in 2012 as surging demand from shipping companies and reduced refinery supplies counter slowing consumption by Chinese
      Bloomberg  -  575 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 19 SGX '000 Dec 28 S$ +/-Vol CH Offshore 0.36 0.02 33 Chuan Hup Hldg unch unch 0 Cosco Corp 0.88 -0.01 1052 CWT Ltd 1.00 -0.01 25 Ezra Hldgs 0.84 -0.02 714 First Ship Lea 0.28 0.01 951 Freight Links 0.06 unch 335 Grand Banks 0.23 -0.02 2
      278 words
    • Article, Illustration
      Lock icon Partnership deal lifts shipping stocks
      328 19 Bloomberg [SINGAPORE] Hanjin Shipping Co, South Korea’s largest shipping company, climbed to the highest level in three months in Seoul trading on expectations cargo rates may rise following a partnership on trade between Asia and Europe. Hanjin Shipping advanced 8.9 per cent to 11,650 won,
      Bloomberg; BLOOMBERG FILE PHOTO  -  328 words
    • Article
      Lock icon Vale’s giant ship arrives at China port for 1st time
      455 19 Iron-ore carrier ‘Berge Everest’ reaches Dalian fully loaded from Brazil Bloomberg [SINGAPORE] One of the world’s largest commodity ships operated for Vale SA reached a Chinese port for the first time, after the nation’s refusal to allow such vessels delayed
      Bloomberg  -  455 words
    • Article
      Lock icon Pirates hijack Italian ship with 18 crew off Oman
      352 19 AFP [ROME] Pirates hijacked an Italian cargo ship with 18 crew on board off the coast of Oman in an area notorious for attacks by Somali pirates, officials said. The Enrico Ievoli, carrying a cargo of caustic soda from the United
      AFP  -  352 words
  • Page 19 Advertisements
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      29 19 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES
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      34 19 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. _THE BUSINESS TIMES SHIPPING TIMES Legal services required by shippers owners Can they find your services here in the Shipping Times?
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  • EDITORIAL & OPINION
    • Article
      Lock icon US needs a clear political mandate in 2012
      467 20 EDITORIAL ONE way of approaching the coming US presidential (and congressional) election campaign next year is by looking at the bright side of things. The outcome of the race for the White House and the election of a new Congress could create
      467 words
    • Article, Illustration
      Lock icon Asia may feel like world’s ending next year
      818 20  -  THE BOTTOM LINE WILLIAM PESEK JR The writer is a Bloomberg View columnist. The opinions expressed are his own THE Mayans were wrong. The world won’t end in 2012, but at times it may feel as if it’s about to. Such is
      818 words
    • Article, Illustration
      Lock icon Four hard truths why 2011 turned ugly
      980 20  -  Recovery will be harder; credible, realistic plans, liquidity and collaboration are needed By OLIVIER BLANCHARD The writer is chief economist of the IMF. This commentary was sourced from VoxEU.org, a web portal that features the views of prominent economists WE STARTED 2011 in
      AP  -  980 words
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      Lock icon Will good sense prevail after all?
      1056 21  -  One year from now, the global economy could be on course for sustainable growth or strewn with destruction ANTHONY ROWLEY Tokyo Correspondent AS WE prepare to enter the New Year and look back over what was achieved in 2012, it’s remarkable to see what
      1,056 words
    • Article, Illustration
      Lock icon India’s solar drive speeds up
      642 21  -  By JOHN CK DALY The author writes for OilPrice.com where this commentary first appeared INDIA has firmly embraced solar power, advancing the target date by five years for selling solar-gen-erated electricity at the same rate as electricity generated by fossil fuel plants, from 2022 to
      642 words
    • Article, Illustration
      Lock icon Climate fight remains a chimaera for now
      913 21  -  By G PANICKER The writer was formerly with BT’s foreign desk SO WAS Durban a triumph after all? The recently concluded climate change conference actually managed to tackle an intractable issue: responsibility for reducing emissions. It has been debated for 17 years. The
      913 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7732 22 Transaction date: Dec 28 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 6 15 7.8 3.9 3.2 74.2 9.5 4 A-Sonic 4.4 4.5 5 3 1.6 31.5 65
      7,732 words
    • Article
      Lock icon SGX CATALIST
      1557 23 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 14.9 unch 15 14.9 14.9 11 14.9 4.7 3.7 5.8 26.6 5.5 2.5 t AA Grp 3.3 2.6 3.3
      1,557 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9886 23 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.13/ 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 0.57/ Aberdeen Asset Mgt Asia Limited American Opp 0.6299/ Asian Local Ccy
      9,886 words
    • Article
      Lock icon GLOBALQUOTE
      210 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A35 35.5 39 3.6 10 2.8 91.1 49 25.5 Genting HK US$ US26.5 -0.5 2178 27 26.5 26.5 27 1744.9 15 10 OGL Resources
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    • Article
      Lock icon SGX ETF
      864 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 109.5 ABF SG Bond ETF 114.4 115.1 116.5 522.2 1261 856 CIMBAsean40 100US$ US956 10 956 955 961 38.2 ***** ***** DBXT AUD Bonds 5AU$
      864 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 24 In local curr In S$ In US$ dy yr dy yr dy yr Dec 27 Index Change Change Change Change Change Change World Preliminary 830.8 0.0 -7.4 0.3 -6.4 0.1 -7.5 EAFE Preliminary 678.3 -0.1 -15.3 0.4 -14.2 0.1 -15.3 Europe Preliminary 1015.8 0.0 -13.1
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      124 24 As on 27 December 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT FEB2012 1599.60 1593.40 1595.40 44 CURRENCY AUD-USD FUT MAR2012 1.0078 1.0053 1.0064 4012 EUR-USD FUT MAR2012 1.3096 1.3072 1.3089 2305 USD-JPY FUT MAR2012 77.99 77.65 77.71 3560 BASE METAL
      124 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Dec 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.10 1.53 WTI (Near Mth) 101.17 1.39 Dubai (1-Mth F) 105.20 0.64 Tapis blend 116.91 0.39 Minas 114.41 0.39 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.50 -0.25 Jet Kerosene 121.40 -0.90 US$/barrel Opec Oil
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    • Article
      Lock icon CHICAGO BOT
      107 24 Dec 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1199.75 1163.00 1206.00 1172.75 Mar 12 1209.50 1172.50 1215.00 1182.00 May 12 1219.25 1182.25 1225.00 1191.50 Jul 12 1228.50 1192.00 1234.25 1200.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 12 51.84
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    • Article
      Lock icon GOVERNMENT SECURITIES
      73 24 Dec 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 29.03.2012 0.35 0.30 0.30 1-Year BY*****W 01.11.2012 0.36 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 102.88 5-Year N*****0W 1.125 01.04.2016 102.14 10-Year NX*****X
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      448 24 Dec 28 Dec 28 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.3200 0 2990 Jun12 99.2450 0 854 Sep12 99.2050 0 441 Dec12 99.1750 0 556 EUROYEN TIBOR FUTURES Mar12 99.6625 0 2349 Jun12 99.6650 0 1440 Sep12 99.6600 0 711 Dec12 99.6650 0 115
      448 words
    • Article
      Lock icon SGX FUTURES
      164 24 Dec 28 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 12 334.0 333.0 333.2 61 275 Feb 12 335.8 334.0 334.0 28 227 Mar 12 339.0 338.9 339.0 12 324 Apr 12 347.0 343.4 347.0 24 182
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    • Article
      Lock icon LONDON METALS
      69 24 Dec 23 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2001.00 2005.00 3 months 2016.00 2019.00 Copper, Grade A (US$/tonne) Cash 7631.50 7531.50 3 months 7641.00 7540.00 Lead (US$/tonne) Cash 2000.25 1979.50 3 months 2020.00 2000.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon LIFFE
      84 24 Dec 23 Dec 23 COCOA (£/tonne) Close Prev High/Low Mar 12 1407 1414 1418/1399 May 12 1425 1432 1434/1416 Jul 12 1441 1450 1452/1434 Sep 12 1454 1462 1466/1448 COFFEE (US$/tonne) Close Prev High/Low Jan 12 1783 1807 1804/1782 Mar 12 1831 1858 1858/1830 May 12 1868 1895 1894/1868
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    • Article
      Lock icon STOCK INDEX FUTURES
      26 24 Dec 28 Dec 28 Open High Sett STI Dec 2665 SIMSCI Dec 305.2 306.3 303.7 Taiwan Dec 254.0 255.1 253.0 Source: SGX Derivatives
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2149 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 61 47.25 29 ASJ Hldgs W*****1 0.1 1 4 24 33.00 2 AlliedTech W*****2 1.7 1 4 23 Ascendas Reit.ES.1112 186 Aztech Grp W*****3 0.2
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    • Article
      Lock icon INTERBANK CROSS RATES
      466 24 Dec 28 Dec 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.035 6.420 0.777 7.895 54.184 92.854 0.790 11.744 3.214 1.313 91.341 44.680 1.317 8.268 0.949 30.763 32.044 0.648 1.015 Canada
      466 words
    • Article
      Lock icon SIBOR
      82 24 Dec 28 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      82 words
    • Article
      Lock icon PRECIOUS METALS
      137 24 Dec 28 GOLD (US$/oz) Dec 28 Dec 23 Hong Kong 1591.00 1621.00 Dec 23 Dec 23 London 1606.40 1606.40 1607.15 1607.15 Source: Thomson Reuters CAST BAR Dec 28 (S$) Selling Buying Kilobar 71,152.86 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 159 66 5gm 453 331 10gm 808
      137 words
    • Article
      Lock icon PALM OIL
      59 24 Dec 28 Dec 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 12 3188.0 3157.0 3188.0 3157.0 299 1468 Feb 12 3200.0 3162.0 3208.0 3183.0 4595 ***** Mar 12 3194.0 3159.0 3205.0 3181.0 ***** ***** Apr 12
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    • Article
      Lock icon US$/S$ FORWARD RATES
      24 24 Dec 28 Dec 28 S$ Bid Offer 1-month 1.2975 1.2978 2-months 1.2975 1.2978 3-months 1.2972 1.2975 6-months 1.2955 1.2961 Source: OCBC
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 24 Dec 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3170 1.3179 1.0151 1.0156 Canadian dollar 1.2726 1.2734 0.9809 0.9813 Euro 1.6948 1.6954 1.3063 1.3065 NZ dollar 1.0029 1.0042 0.7730 0.7738 Sterling pound 2.0320 2.0327 1.5662 1.5664
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      123 24 As at 9am Dec 28 Dec 28 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.347 1.283 Can dollar 1.294 1.245 Euro 1.726 1.66 Sterling pound 2.069 1.99 NZ dollar 1.03 0.981 US dollar 1.316 1.266 Local dollars to 100 units
      123 words
    • Article
      Lock icon INTERBANK RATES
      154 24 Dec 28 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ Offer Bid 7 days 0.45 0.25 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 12
      154 words
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  • BizlT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • Article, Illustration
      Lock icon Mobile to keep pushing security boundaries
      901 25  -  Traditional method of safeguarding the enterprise is no longer an option, reports VICTORIA HO reports VICTORIA HO WITHthemo-mentum in which mobile and cloud projects have been adopted this year, vulnerabilities arising from these same projects will have to be tracked closely in the coming
      FILE PHOTO  -  901 words
    • Article
      Lock icon Survey: mobile Web media use rising in S’pore
      454 25  -  Trend may herald shift in rapidly evolving ad industry By PANG JIN HU MOBILE Web usage is likely to continue to grow and dominate Singaporeans’ consumption of media. In an InMobi survey of 1,024 Singaporeans, users here spent an average of six
      454 words
    • Article
      Lock icon GSM phones vulnerable to hijacking: researcher
      559 25 Reuters [BERLIN] Flaws in a widely used wireless technology could allow hackers to gain remote control of phones and instruct them to send text messages or make calls, according to an expert on mobile phone security. They could use the vulnerability in the GSM
      Reuters  -  559 words
    • Article
      Lock icon Google+ may have 400m users next year
      197 25 Bloomberg [SAN FRANCISCO] Google Inc is adding 625,000 new users a day to the Google+ social networking service, which may total 400 million members by the end of next year, according to independent analysis. The site’s popularity has accelerated in recent weeks, with
      Bloomberg  -  197 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      70 25 JANUARY ISSUE OUT NOW! I larpors KIMOli LEE SIMM) TALKS STIL OS HER MA UP LINE AND DEAL WITH THE EX D IU LhhN S1 jf now IN G SKIN START MMi \r( lllr. EAUTY DETOX 101 OUR COMPLETE GUIDE FOR A VANITY CASE CLEAN-OUT REAT ESCAPES MAIiE/fE/UTA WSSOX/S JET-SET
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      Lock icon Page 25 Advertisements Column 2
      30 25 THE SINGAPORE EDITION! P V ■page Astrol Astrology Bonus! Your Best Days Romance 2012 jor attention now I tin THIN e ULD NEVER STOP DOING AS LOVERS 3' FUN FEARLESS
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  • PROPERTY
    • Article, Illustration
      Lock icon Nomura Real Estate eyes more home sales
      673 26 Firm plans 18% boost as drop in housing inventories signal rebound after the March 11 earthquake Bloomberg [TOKYO] Nomura Real Estate Holdings Inc, Tokyo’s third-largest developer, plans to boost its home sales by about 18 per cent next year as a drop in
      Bloomberg  -  673 words
    • Article
      Lock icon Househunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 23 WITH CONTRACT DATES BETWEEN NOV 30 AND DEC 6, 2011
      1433 26 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED One Shenton Apt 02/12/2011 99 1227 1998 1629 The Sail Marina Bay Apt
      1,433 words
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      Lock icon Casino plans impact Miami real estate
      873 27 Genting spending several hundred million dollars on parcels near Biscayne Bay AP [MIAMI] When the Florida Legislature returns from its holiday recess, it will consider a bill to allow three Las Vegas-style casino resorts to be built in the southern part of the state.
      AP; BLOOMBERG  -  873 words
    • Article, Illustration
      Lock icon Regulator shoots down Nakheel’s extra fees
      618 27 Bloomberg [DUBAI] Nakheel PJSC, Dubai’s largest property developer by assets, doesn’t have the right to deny residents of a palm-shaped island access to communal facilities by turning them into exclusive clubs, according to the emirate’s property regulator. Nakheel posted leaflets earlier this month telling
      Bloomberg; AFP  -  618 words
    • Article, Illustration
      Lock icon 2012 could be a quiet year for collective sales
      855 28  -  Market cooling measures, more housing supply and eurozone woes set to weigh on sentiment: analysts By MINDY TAN CAUTION pervades discussions of collective sales come 2012, with analysts of the opinion that it could be a quiet year given recent developments.
      FILE PHOTO  -  855 words
    • Article
      Lock icon Mortgage loans drawn down in HK fall 8%
      228 28 Reuters [HONG KONG] New mortgage loans drawn down in Hong Kong totalled HK$10.6 billion (S$1.77 billion) in November, down 8 per cent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed. The value of new mortgage loans approved in November
      Reuters  -  228 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
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      40 words
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  • Page 27 Advertisements
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      213 27 f RE (sa 6100.0080 THE 'LEADING; BUNG ALOW SPECIALIST/ BinJai Estate AOOQ.ask$i8.8M 2qo7> 9 000. a s k 2 2 M *****7.550 oa s k 2 218 M ask $2Q.8M ?*****//4000!ask«$j33M 95o/,8ooo.ask $35M 2 86oo//4000la s k- $3 8 M ***** A***** ask $aiM.(Brand New) Sole Agent: Nostalgic Cottage Kilburn
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      Lock icon Page 27 Advertisements Column 2
      234 27 International Property Group Pte Ltd A Singapore based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region of Singapore. We deal with the following types of assets 3 4 Star Hotels Shopping Mall Office Commercial Buildings Boutique Budget Hotels Commercial Shophouses Strata Office Units Retail Space Light
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      Lock icon Page 27 Advertisements Column 3
      35 27 showbiz.omy.sg F(~HTi 0 0 0E fef i °yn»r fes,^.o my sg V EW Check this out and many other properties in CATS Classified in The Straits Times now BUY IT• SELL IT FIND IT ■AT3
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
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