The Business Times, 17 December 2012
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2012-12-17
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The Business Times
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Title Section25 2012-12-17 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, December 17, 201225 words
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Article, Illustration944 2012-12-17 1 MALMINDERJIT SINGH - EUSFTA is the first bilateral free trade agreement concluded by the EU with an Asean country By MALMINDERJIT SINGH [SINGAPORE] Singapore’s trade with the European Union (EU) received a boost yesterday as both sides successfully completed almost three years of negotiations for a freePHOTO: MTI - 944 words
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MARKETS DIGEST
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Article57 2012-12-17 1 Weekly Change ST INDEX 3,168.43 +61.32 KL COMP 1,651.98 +34.21 NIKKEI 225 9,737.56 +210.17 HANG SENG 22,605.98 +414.81 SET INDEX 1,358.50 +23.55 JAKARTA COMP 4,308.86 +18.06 MANILA COMP 5,707.11 -87.09 SEOUL COMP 1,995.04 +37.6 SHENZHEN B 642.71 +21.00 MUMBAI IND 19,317.25 -106.85 DOW 13,135.01 -20.12 NASDAQ 2,971.33 -6.71 S&P57 words
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Article17 2012-12-17 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA 14.699 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg17 words
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Article49 2012-12-17 1 US$ S$ US$ (S$ per US$) 1.221 (US$/S$ per 1.613 1.970 EURO (US$/S$/€) 1.311 1.601 Foreign currency per US$ S$ YEN 83.70 68.50 RM 3.055 2.501 HK$ 7.750 6.345 BAHT 30.64 25.08 RUPIAH 9,650 7,900 RENMINBI 6.246 5.113 INDIAN RUPEE 54.34 44.49 A$ 0.948 0.776 NZ$ 1.184 0.96949 words
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668 2012-12-17 1 ANTHONY ROWLEY - Exit polls also show DPJ’s 308 seats in lower house falling to just around 70 By ANTHONY ROWLEY in Tokyo THE Liberal Democratic Party (LDP) appears to be headed for a triumphant return to power after a general election yesterday, giving it668 words
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Advertisement255 2012-12-17 1 DINING OUT South American rarities hit town PAGE 21 BizIT Lenovo looks to occupy top slot in ‘PC+ era’ PAGE 27 YOUNG INVESTORS’ FORUM Why is it so hard to kill bad ideas? PAGE 9 MYANMAR A cautionary tale PAGE 4 BT WEBSITES For breaking news, go to businesstimes.com.sg. For255 words
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TOP STORIES
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Article562 2012-12-17 2 Singapore, EU complete free trade negotiations SINGAPORE-European Union trade has received a boost. Under a free trade agreement struck yesterday, the EU will eliminate tariffs on all imports from Singapore over five years, but 80 per cent of the tariff lines will already be covered once FTA comes562 words
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627 2012-12-17 2 CHUANG PECK MING - US Labor Dept list shows Singapore second behind Czech Republic By CHUANG PECK MING [SINGAPORE] Singapore’s manufacturing labour productivity growth slowed sharply last year, but the gains were still ahead of those in other developed economies, says the United States Department of627 words
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Article, Illustration901 2012-12-17 2 ROB CURRAN - Even temporary deal will spur rally but rhetoric won’t do WALL STREET INSIGHT By ROB CURRAN LAST week, stock bulls finally received the growth data from the US and China that they had awaited all year and did nothing. Why? The infamous “fiscalPHOTO: AP - 901 words
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Article, Illustration1005 2012-12-17 4 MALMINDERJIT SINGH - PwC, KPMG set up offices in Yangon; Deloitte, E&Y in the process of doing so By MALMINDERJIT SINGH [SINGAPORE] The demand for professional services in Myanmar is increasing, as global interest in the country escalates, spurring a host of firms to set upPHOTO: REUTERS - 1,005 words
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Article, Illustration1295 2012-12-17 4 MALMINDERJIT SINGH - Venture started in 2005 loses millions due to a bitter episode, reports MALMINDERJIT SINGH reportsMALMINDERJIT MALMINDERJIT SINGH [SINGAPORE] IT fits the script of a suspense thriller, but for one Singapore small and medium enterprise (SME) it is a bitter truth it has toPHOTO: ARTHUR LEE - 1,295 words
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Advertisement177 2012-12-17 2 "Congratulations to the Technology Fast 500 Asia Pacific winners. Their remarkable growth is a testament to their commitment to technology." Technology Fast 500 Asia Pacific 2012 The Technology Fast 500, Asia Pacific's pre-eminent technology awards program, is a ranking of Asia's 500 fastest-growing technology companies based on percentage revenue growth177 words
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Advertisement180 2012-12-17 3 Singapore's Best is now also Asia AWARDS 2012 Derivatives House of the Year, Asia ex-Japan 2012 TheBanker Bank of the Year, Asia 2012 DBS Pi rry p y .u.- v KF r r m 9 N mm DBS LiV Br A ng a UK HIIHIMIM HIMPI 1 >am t tlrimmii180 words
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Advertisement82 2012-12-17 4 Natural Botanical Extracts, Naturally Excellent Our exported natural botanical extracts are professionally processed at uncompromising standards. These products are widely used in pharmaceuticals, nutritional foods, cosmetics, flavourings fragrances: Rutin Quercetin Diosmin Hesperidin Soybean RE (NF11, DAB10) (95%,98%) (EP6) (95%,98%) (40%) Troxerutin Silymarin L-Rhamnose Resveratrol Grape speed extract (DAB99, EP) (DAB10,82 words
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Advertisement95 2012-12-17 4 ALMATY Beijing Seoul Bangkok' Kuala Lumpur Hong Kong Ho Chi Minh Beijing Almaty •4'- 5 times a week Bangkok Almaty 7 times a week Kuala Lumpur Almaty Hb- 3 times a week Ho Chi Minh Almaty 2 times a week Seoul Almaty Hong Kong Almaty jjk 2 times a week95 words
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COMPANY NEWS
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Article, Illustration928 2012-12-17 5 LYNN KAN - More orders seen from national oil companies amid keen competition By LYNN KAN NATIONAL oil company Petrobras of Brazil hit Singapore offshore-rig building yards with a bang in 2012, as both Keppel Offshore and Marine and Sembcorp Marine bagged a combined US$11.4 billion inPHOTO: REUTERS - 928 words
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Article232 2012-12-17 5 COMPANY MEETING PLACE DATE TIME Kian Ann Engg E Level 1 Kian Ann Building 7 Changi South Lane 17-Dec 10.30am S Chance Prop A Qian Xi Restaurant 845 Geylang Road #04-09 Tanjong Katong Complex 17-Dec 3.00pm Liongold Corp S Republic of Singapore Yacht Club 52 West Coast Ferry232 words
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1698 2012-12-17 7 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE buying was flat for the second straight week while selling among directors remained low, based on Singapore Exchange filings in the second week of December. A total of 13 companies recorded 311,698 words
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Advertisement102 2012-12-17 5 > m V up? V W fi f 0 f SO r, so m mm run 40 2 35 i S ii SO URWERK PRESENTS THE UR-2'10 AND ITS REVOLVING SATELLITE COMPLICATION WITH FLYBACK MINUTE HAND URWERK GENEVE URWERK has its origins in the town of Ur in Mesopotamia. In102 words
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SINGAPORE MARKETS
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Article, Illustration596 2012-12-17 6 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent LAST week’s column featured the views of a few mainly foreign houses on what 2013 might hold for equities. All were relatively solemn in their assessments, highlighting poor economic growth in Europe and the as-yet unresolved US fiscal cliff596 words
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702 2012-12-17 6 COMMODITIES AFP [LONDON] Commodity markets witnessed contrasting fortunes last week, as investors tracked more Federal Reserve stimulus measures, the weak dollar, eurozone debt tensions and broadly upbeat economic data. Most commodities were lifted after the US central bank said it would replace its “OperationAFP - 702 words
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Article551 2012-12-17 6 CURRENCIES Bloomberg [NEW YORK] South Korea’s won rallied for a fourth week, leading gains among Asian currencies, after the Federal Reserve expanded its monetary stimulus. The yuan fell the most in five months after China’s export growth slowed. The won had its biggest gain inBloomberg - 551 words
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Article1513 2012-12-17 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 2 9.25 15.84 1.62 1.47 Amtek Engineering Ltd 3.00 2.83 5 0.06 7.25 0.60 0.51 ARA Asset Management 1.43 1.431,513 words
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Article72 2012-12-17 6 Dec 14 VALUE CLOSE BT OB/OS 423.00 +41.00 BT CADI -*****.00 +105.00 BT 10-day MA -*****.00 +42.00 FTSE ST Mid Cap 761.96 +1.01 FTSE ST Small Cap 507.39 +3.01 FTSE ST All Share 773.41 +2.66 FTSE ST China Top 208.72 +1.32 FTSE ST China 232.02 +0.81 FTSE72 words
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Article56 2012-12-17 6 VOLUME MDR 895,875,000 YHM 792,958,000 Rowsley 509,947,000 Digiland 330,983,000 TT Intl 326,174,000 MDR W*****5 307,174,000 WE Hldgs 291,835,000 Golden Agri 256,953,000 Europtron 242,075,000 ChinaTaisan 198,567,000 VALUE($) SingTel 396,100,104 DBS Grp 236,939,200 Genting SP 233,122,170 Keppel Corp 227,283,006 Noble Grp 204,336,878 CapitaLand 188,681,150 Olam 187,392,575 UOB 176,307,617 Golden56 words
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Article105 2012-12-17 6 BY CENTS CLOSE UP JMH 6210 363.8 5.0 IS S&P500 ***** 324.8 1.9 DBXT MSKorea 10US$ 6120 323.5 4.5 DBXT STGLDv100 10US$ 2860 135.5 4.0 STXPO 100 470 115.0 32.4 DBXT FTVietnam 10US$ 2054 98.9 4.1 DBXT FTChina25 10US$ 2994 96.5 2.7 CityDev 1292 92.0 7.7 JSH 3592 76.9105 words
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Article127 2012-12-17 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -280.8 -2.1 DBXT AUD Bonds 5AU$ ***** -139.1 -0.6 DBXT S&P Short 10US$ 3508 -51.3 -1.2 OCBC Bk 4.5%NCPS 100 ***** -40.0 -0.4 GLD 10US$ ***** -28.1 -0.1 CMProp 1860 -14.2 -4.6 YangzijiMBeCW*****1 6.4 -12.4 -66.0 YHS 289 -12.0 -4.0 Yeo127 words
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Advertisement115 2012-12-17 7 '■A P r=s Natural gas. Energy for the world. Economic growth for Asia, Energy demand in Asia is expected to be almost 50 percent higher in the year 2040 than it was in 2010. Natural gas will play an increasingly important role in meeting this growing demand, while at the115 words
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SINGAPORE NEWS
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784 2012-12-17 8 ASK QUESTION: I am a director and a substantial shareholder of a company which is listed on the stock exchange. I am trying to do some estate planning and would like to put all these shares into a discretionary trust to be held by784 words
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Article270 2012-12-17 8 Dec 14 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Communications 5.50 Bangkok Bank Public Co. Ltd.... ...6.00 Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a ...5.75 Chang Hwa Commercial Bank270 words
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Article747 2012-12-17 8 Payment Ex Books Pay Ann (cts) date close date date AIMS AMP Cap Ind REIT cn 2.500 02-Nov 06-Nov 20-Dec 24-Oct Ascendas Hosp Trust aq 1.001 12-Nov 15-Nov 21-Dec 07-Nov Ascendas Hosp Trust ad 0.260 12-Nov 15-Nov 21-Dec 07-Nov Asia Pacific Breweries ak 85.000 22-Jan 24-Jan 06-Feb 16-Nov747 words
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Article, Illustration752 2012-12-17 8 FELDA CHAY - By FELDA CHAY THE Ocean Financial Centre (OFC) was alive with the sound of music last Friday evening, where three young pianists welcomed a new resident at the office building, the Steinway Model D-274, by making the grand dame of pianos do what she752 words
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Advertisement1201 2012-12-17 8 Have a pressing question about a corporate law-related issue that your company is facing? Lawyers from Stamford Law will provide their expert advice and answers to your queries on a weekly basis. All you need to do is send us an e-mail with your query at btnews@sph.com.sg and include particulars1,201 words
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Advertisement21 2012-12-17 8 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.21 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1475 2012-12-17 9 BARRY RITHOLTZ - Despite their failings, zombie ideas still have a firm grip on amateurs and professionals alike. BARRY RITHOLTZ has the lowdown BARRY RITHOLTZ The writer is chief executive of FusionIQ, a quantitative research firm. He is the author of Bailout Nation andPHOTO: AP - 1,475 words
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Article, Illustration1450 2012-12-17 9 reportsTEH SHI NING - Scooter Narcotics has a monthly turnover of up to $35,000 and plans expansion, reports TEH SHI NING STARTING YOUNG reportsTEH reportsTEH SHI NING MARK Yeow, 24, has long scars that testify to his passion for scooter riding despite road accidents that left gashes1,450 words
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Advertisement156 2012-12-17 9 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to156 words
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MALAYSIA/INDONESIA
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616 2012-12-17 10 Rest will be for working capital and listing expenses, says parent firm [KUALA LUMPUR] Malakoff Corp Bhd, a 51 per cent subsidiary of MMC Corp Bhd, plans to utilise 80 per cent of its listing proceeds to pare debts. MMC group managing director616 words
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Article, Illustration1127 2012-12-17 10 Bloomberg [JAKARTA] Jakarta hotels are brimming with executives seeking a slice of Indonesian infrastructure deals from a government rushing to spend its 2012 budget. The year-end onslaught also exposes bottlenecks that threaten economic growth. “Hotels are full at thisBloomberg; PHOTO: AFP - 1,127 words
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Article1602 2012-12-17 10 VOL Dec 14 RM +/-(‘000) VOL Advance Synerg 0.15 -0.01 400 Adventa Bhd 1.94 0.04 408 Ae Multi Hldgs 0.21 -0.01 311 Affin Holdings 3.34 -0.02 67 Ahmad Zaki Res 0.68 unch 0 Airasia Bhd 2.67 -0.04 ***** Alliance Finan 4.23 0.03 2299 Aluminium Co 0.69 unch 291,602 words
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Advertisement17 2012-12-17 10 YOUR FAVOURITERACE ISBACK! 14KMROUTE,9URBANOBSTACLES, 1HELLUVACHALLENGE HUIJHEUHX 3 MAR 2013 (SUN) 7AM NICOLL HIGHWAY SIGNUPNOW! MOREDETAILSINTHISISSUEOF MEN’SHEALTHAND MENSHEALTH.COM.SG17 words
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Advertisement25 2012-12-17 10 LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WW1M.HOTFM.SG I FACEBOOK.COM/HOTFMSG I J* HOTFMSG25 words
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GREATER CHINA/INDIA
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446 2012-12-17 11 Beijing will also maintain property controls to ward off potential risks Reuters [BEIJING] China will maintain a “prudent” monetary policy and a pro-active fiscal policy in 2013, leaving room for manoeuvre in the face of global uncertainties, the Xinhua news agency saidReuters - 446 words
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462 2012-12-17 11 But it will invest more if EU creates friendlier setting Reuters [SANYA, China] Chinese sovereign wealth fund China Investment Corp (CIC) said that it is “not optimistic” about the outlook for the debt crisis in the eurozone, but will consider investing more in theReuters - 462 words
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Article, Illustration439 2012-12-17 11 Reuters [NEW DELHI] India will speed up the sale of stakes in state companies to revive the stock market and will push ahead with reforms aimed at spurring an investment recovery in the flagging economy, Prime Minister Manmohan SinghReuters; PHOTO: AFP - 439 words
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Advertisement158 2012-12-17 11 6* T€ n3T INSURANCE as M. '•Vmm Your Business. Protected By Ours. Tenet Insurance understands how important it is for you to protect your business. Our general insurance solutions, professional services and commitment to quality provide you with peace of mind. We provide a range of business insurance solutions for158 words
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ECONOMY WATCH
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Article, Illustration579 2012-12-17 12 It sticks to negative outlook, forecasts 0.3% growth next year, below target Reuters [PARIS] Fitch Ratings stuck by its triple-A rating on France in a much-awaited review on Friday but predicted a peak in debt in 2014 at a levelReuters; PHOTO: REUTERS - 579 words
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737 2012-12-17 12 Deal may go up to 1b yuan in a global issue format Reuters [TORONTO] British Columbia may double the size of its potential yuan-denomi-nated “dim sum” bond, planned as the first government issue in China’s nascent offshore debt market, and it expects littleReuters - 737 words
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Article, Illustration750 2012-12-17 12 The latter’s tactics are at odds with the former’s teachings [FRANKFURT] The ex-posed-concrete slab of the Bundesbank headquarters stands like a bulwark outside the downtown financial district here, a stolid, brutalist structure that in its sheer mass evokes not just the German central bank’sPHOTO: BLOOMBERG - 750 words
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Advertisement26 2012-12-17 12 www.omy.sg ai ***** %S> A !om°P i hobiti '<k' i- 8 z&aE ■5=h CM 7 niubilily frape~ planking //75^ 'f-fc r r M y W‘ gosocial.omy.sg26 words
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WORLD
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Article, Illustration704 2012-12-17 13 Record 149,000 Chinese visitors last year injected £240m to sluggish economy AFP [LONDON] With their shelves spilling over with festive goodies, London’s department stores are working hard to attract Christmas shoppers but Chinese visitors are the particular target of a charm offensive. Hotels,AFP; PHOTO: AFP - 704 words
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Article18 2012-12-17 13 Branchen Stars R1C-A 10/12/2012 154,09 EUR 1 db X-MACRO Trading Index Fund WD 06/12/2012 89,52 GBP18 words
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212 2012-12-17 13 Reuters [PARIS] Top French hotels are offering extra touches such as dried noodles and a bigger tea selection to attract affluent Chinese tourists who prefer to stay in cheaper lodgings near the airport when they visit Paris to shop. According toReuters - 212 words
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246 2012-12-17 13 Reuters [LONDON] Premier League champions Manchester City halved their annual losses to £97.9 million (S$193 million) in 2011-12 after winning the top-flight title for the first time since 1968. The club, bankrolled by Sheikh Mansour Bin Zayed Al Nahyan, a member of AbuReuters - 246 words
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359 2012-12-17 14 Central bank wants to yank the lifeline ailing banks have to state finances Reuters [BERLIN] Germany’s central bank has serious reservations about the legal framework for creating a broad banking union in Europe, news magazine Der Spiegel reported on Sunday, citing an opinion from lawyersReuters - 359 words
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Article, Illustration884 2012-12-17 14 AP [LA VALL D’UIXO, Spain] Nearly a million people across Spain are holding stocks that have become worthless when boom turned to catastrophic bust. Lured by the family-like ties nurtured between bankers and customers, they poured their life’s savings into higher-yielding financial instrumentsAP; PHOTO: AP - 884 words
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391 2012-12-17 14 Bloomberg [DUBAI] The central bank of the United Arab Emirates postponed new regulations that cap bank lending to governments and their related companies for further review. The implementation of the Large Exposure Regulations, that came into effect in September, has been postponedBloomberg - 391 words
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Article, Illustration264 2012-12-17 14 Reuters [NEW YORK]A piano used in the classic film Casablanca sold for just over US$600,000 on Friday, falling far short of predictions that it could fetch US$1 million or more. The 58-key upright piano on which actor and singer Dooley Wilson performed As Time GoesReuters; PHOTO: AP - 264 words
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Article, Illustration536 2012-12-17 14 AFP [PARIS] France’s leading actor Gerard Depardieu said yesterday he was giving up his French passport after being “insulted” by the prime minister calling him “pathetic” for becoming a tax exile in Belgium. In an open letter to Prime Minister Jean-MarcAFP; PHOTO: AP - 536 words
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Article, Illustration1193 2012-12-17 15 Electronics firms mired in loss are losing the brains to devise new products WP [TOKYO] Japan’s science students are eschewing traditional high-powered employers such as Sony Corp and Panasonic Corp to help make ice cream and yoghurt. They are applying to dairies. ThatWP; PHOTO: BLOOMBERG - 1,193 words
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Article823 2012-12-17 16 Bigger tax bite for associates if US law firm pays bonus in Jan instead of Dec Reuters [NEW YORK] When associates at New York law firm Weil, Gotshal Manges learnt about their annual bonuses last month, the details came as a bit of aReuters - 823 words
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691 2012-12-17 16 Reuters [MOSCOW] Russia’s Rosneft could raise as much as US$10 billion on bond markets to finance its takeover of Anglo-Russian oil firm TNK-BP, potentially matching loans backed by future oil exports. Bankers familiar with Rosneft’s plans to finance the US$55 billionReuters - 691 words
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457 2012-12-17 16 AP [WASHINGTON] House of Representatives Speaker John Boehner has signalled new movement in “fiscal cliff” talks that had appeared stalled by proposing a tax hike for earners making more than US$1 million, a person familiar with the negotiations said on Saturday. President Barack Obama,AP - 457 words
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Article, Illustration732 2012-12-17 16 Obama’s weekly address focuses on Newtown shooting Reuters [WASHINGTON] Mass murder in Connecticut silenced “fiscal cliff” talk last Saturday as the White House and Congress quietly got ready for a final scramble to avert the tax hikes and spending cuts set for the NewReuters; PHOTO: AP - 732 words
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Article, Illustration640 2012-12-17 18 But some say Europe is worried Italy will slip back into crisis if Berlusconi wins AFP [ROME] Left to its own devices, could Italy slide back into the debt crisis mire after the upcoming elections, dealing a knock-on blow to the eurozone,AFP; PHOTO: AFP - 640 words
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413 2012-12-17 18 AFP [PARIS] Fitch Ratings affirmed Italy’s “A-” credit rating on Friday, pointing to progress on cutting its public spending deficit, but kept the outlook negative citing the risk of possible political and policy instability following upcoming elections. “The current rating is basedAFP - 413 words
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Article, Illustration1116 2012-12-17 18 Reuters [DUBAI] When Oman unveiled a plan this year to build a large petrochemical complex alongside a US$6 billion refinery in the southern coastal town of Duqm, officials hailed the project as a step towards diversifying income and creating jobs.Reuters; PHOTO: REUTERS - 1,116 words
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418 2012-12-17 18 They create incentives for businesses to invest Bloomberg [SYDNEY] Australia’s tax system needs more reform to ensure sustainable public finances and create incentives for businesses to invest, Treasurer Wayne Swan said. At least 40 measures have been implemented by the Labor governmentBloomberg - 418 words
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Article, Illustration394 2012-12-17 18 John Kerry expected to be nominated as her successor AP Reuters [WASHINGTON] US Secretary of State Hillary Clinton sustained a concussion last week after becoming extremely dehydrated and fainting while suffering from a stomach virus, the State Department said. The 65-year-old Mrs Clinton is recoveringAP; Reuters; PHOTO: AFP - 394 words
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Article, Illustration737 2012-12-17 19 Shares were down 2.5% on Friday, Frankfurt exchange’s biggest losers AFP [FRANKFURT] As Germany’s biggest lender, Deutsche Bank has for many people long symbolised everything that is wrong and immoral about the banking sector and its perceived culture of limitless greed. However,AFP; PHOTO: AP - 737 words
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Article, Illustration743 2012-12-17 19 Reuters [WASHINGTON] US President Barack Obama on Friday signed a bill that brings US trade relations with Russia into the 21st century but also ushers in a testy era in which the United States could publicly “name and shame” Russian human rights violators.Reuters - 743 words
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269 2012-12-17 19 Reuters [NEW YORK] SeaWorld Parks and Entertainment, controlled by Blackstone Group and best known perhaps for its performing killer whale Shamu, is close to filing for an initial public offering, according to three sources familiar with the situation. Orlando, Florida-based SeaWorld may try toReuters - 269 words
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1128 2012-12-17 19 Reuters [TOKYO] Nearly two years after a massive earthquake and tsunami caused meltdowns at the Fukushima nuclear plant, Japan is failing to keep a pledge to tap global expertise to decommission its crippled reactors, executives at nuclear contractors from the United StatesReuters - 1,128 words
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Advertisement80 2012-12-17 13 a n d 4k 4 -Jf 4*1 c LOGISTICS SEES A PACKAGE. OUR PEOPLE SEE MUCH MORE. At FedEx we know that every package we handle is more than just a package. We know that the success of businesses like yours depends on having suppliers you can count on. That80 words
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Advertisement578 2012-12-17 14 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ARIES CAPITAL PRIVATE LIMITED (IN MEMBERS'VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****4373Z) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of578 words
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Advertisement477 2012-12-17 15 Limited Period Only! Buy Silver Earn Up To Per Month 3.9% Call6298 888l from izpm-Spm for appointment. Terms and conditions apply. All forms of trading and investment carry risk. Such activities may not be suitable for everyone. No CashTop Up Required For Holders Of Physical Gold. ASIA PACIFIC BULLION HONORING477 words
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Advertisement99 2012-12-17 19 Wine, Dine Hospitality Highlights n y *iv WEEK ENDS. Indulgence begins. Laze, graze, forget week days. Gourmets can now give themselves over to pure culinary pleasure all weekend long at Conrad Centennial Singapore. Afternoon Delight Lobby Lounge $45++ per person* 1pm to 5pm (avail. Sat Sun) Oscar's Sunday Amazing Graze99 words
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AVIATION/SHIPPING
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Article, Illustration633 2012-12-17 20 New contract includes 43% raises, bigger retirement contributions AP [NEW YORK] United Airlines pilots have agreed to a new joint union contract, bringing the airline closer to finalising its merger with Continental. The new four-year contract, which includes raises averaging 43 per cent andAP; PHOTO: AFP - 633 words
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241 2012-12-17 20 Bloomberg [LONDON] International Consolidated Airlines Group, owner of British Airways, signed a non-binding agreement to buy landing slots at London’s Heathrow airport from Ryanair Holdings as part of the discount airline’s takeover bid for Aer Lingus Group. “We have signed a non-binding MOUBloomberg - 241 words
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450 2012-12-17 20 Ship detained by Ghana in Oct as collateral for fund AP [BERLIN] A United Nations court ordered the immediate release on Saturday of an Argentine navy training ship seized by Ghana two months ago at the request of an American hedge fund. The ARAAP - 450 words
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554 2012-12-17 20 More planes are due as Iraq has ordered another 40 Boeings AP [BAGHDAD] The first new Boeing Co jetliner sold to Iraq in 30 years touched down in Baghdad on Saturday, signalling the country’s determination to rebuild its economy afterAP - 554 words
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Article251 2012-12-17 20 SGX '000 Dec 14 S$ +/-Vol CH Offshore 0.46 unch 47 Chuan Hup Hldg 0.25 unch 434 Cosco Corp 0.88 unch 7317 Dec 14 Ezra Hldgs 1.13 0.01 5938 First Ship Lea 0.12 unch 525 Freight Links 0.07 unch 5667 Grand Banks unch unch 0 Jaya Hold Ltd251 words
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Article, Illustration352 2012-12-17 20 Bloomberg [HONG KONG] Cathay Pacific Airways Ltd received an invitation to meet representatives of the Hong Kong Labor Department and the Flight Attendants Union, it said in a statement on Saturday. Members of the union, which represents more than 5,800 of Cathay’sBloomberg; PHOTO: AP - 352 words
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3463 2012-12-17 25 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 n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination3,463 words
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Advertisement20 2012-12-17 20 Privatepropertyleasingbreaks record while vacancy rates soar while vacancy ratesn soar &J aik To subscribe, call 6388-3838 or go to sphsubscription.com.sg20 words
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Page 20 Miscellaneous
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Miscellaneous311 2012-12-17 20 CRYPTIC CROSSWORD Across 1 Loyalist beginning to accept law-breaking (8) 6 Sanctimonious and risqué form of stealing (6) 9 Sticker’s almost green, dear (6) 10 Clinger-on lost balance crossing river (8) 11 Instruments for pot smokers? (3-5) 12 Positive response by doctor though initially most sardonic (6) 13 Fork out311 words
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DINING OUT
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Article, Illustration915 2012-12-17 21 Jaime Ee - By Jaime Ee NEW RESTAURANT SUR Nuevo Latino Kitchen 13 North Canal Road #01-01 Tel: 6222-2897 Open Monday to Saturday, 5.30pm to 10.30pm ONCE upon a time, location was everything. If you wanted to open a restaurant, it had to be in town or BukitPHOTOS: JAIME EE, FILE - 915 words
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Page 21 Advertisements
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Advertisement11 2012-12-17 21 CATS Recruit The first step on your ladder to success CLA/AUG06/g11 words
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Advertisement97 2012-12-17 21 r WITH STPBOPBRTY-SG Aqents 9®} VIlW S 888 worth of advertising credit too' BUYING OR RENTING A PROPERTY? We'll reward you with $888! Visit www.STProperty.sg/deal2win now for more information. Hurry, you have until 31 January 2013 to be one of our 8 lucky winners!* H Kf vz H ‘Terms conditions97 words
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SINGAPORE STOCKS
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Article3339 2012-12-17 22 Week ended: Dec 14 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Week Last Quote Div GrYld 149.5 92.5 AIMSAMPIReit 146.5 +4.5 3072 147.5 139.5 145 146.5 5.7 14 656.8 M3,339 words
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Article226 2012-12-17 23 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 4.6 1.3 t Advanced System 1.6 +0.1 ***** 1.6 1.4 1.6 1.7 23.8 Week Last Quote Div Gr Yld Net M Cap High226 words
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Article114 2012-12-17 23 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 2.000 CapitaLand 3.760 +0.040 CapitaMall 2.120 +0.030 CityDev 12.920 +0.440 ComfortDelGro 1.790 +0.035 DBS Grp 14.930 +0.040 F&N 9.570 +0.050 GLP 2.790 +0.080 Genting SP 1.370 +0.025 Golden Agri 0.655 HK Land 6.900114 words
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Article2238 2012-12-17 23 Transaction date: Dec 14 HONG KONG Vol HK$ +/-'000 Aeon Stores 19.88 -0.02 23 Angang Steel 5.70 0.11 ***** Anhui Conch 29.35 0.85 ***** Anhuiexpresswa 4.38 0.12 1375 Asia Satellite 25.00 unch 55 Asm Pacific 87.75 0.05 989 Bank Of E Asia 29.50 -0.20 4033 Beida Jade Bir2,238 words
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Article208 2012-12-17 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 43.5 25.5 AVJennings A41.5 +4.5 59 42 33 35 39.5 3.6 8.4 3.3 108.1 41.5 26 Genting HK US$ US34 +2.5 ***** 34.5 31.5 33.5 34 2238.7208 words
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Article186 2012-12-17 23 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 3 2 0 0 0 12 3 2 Manufacturing 118 44 39 17 11 7 135 55 46 Commerce 43 26 11 4 7 2 47 33 13 Tpt/Stor/Comms 32 11 3186 words
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Article1030 2012-12-17 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 114.4 ABF SG Bond ETF 120 +2.5 24 121 117.5 120 120.3 547.8 128.9 120.4 CIMB APAC Div 100S$D 125 128.5 129.5 105.5 95.8 CIMB1,030 words
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Article123 2012-12-17 23 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 170,314 170,314 414,832 414,832 Manufacturing 2,159,167 499,920 2,659,087 983,851 7,541 991,392 Commerce 1,569,530 347,448 1,916,978 738,242 16,266 754,508 Tpt/Stor/Comms 523,971 80,569 604,540 862,069 25,086 887,155 Finance 101,991 3,714 105,705 655,747 1,441 657,188 Construction 302,055 890,320123 words
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Page 23 Advertisements
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Advertisement26 2012-12-17 23 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES26 words
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FINANCE & COMMODITIES
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Article629 2012-12-17 24 Dec 14 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9703.56 9775.75 9687.70 Mar13 9760.00 9785.00 9665.00 9770.00 *****1 *****2 Jun13 9675.00 9680.00 9675.00 9695.00 0 1208 MSCI TAIWAN INDEX FUTURES SPOT 280.07 280.07 277.62 Dec12 281.20 281.40 277.90 278.40 ***** *****8 Jan13 280.50629 words
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373 2012-12-17 24 In local curr In S$ In US$ dy yr dy yr dy yr Dec 14 Index Change Change Change Change Change Change World Preliminary 928.0 -0.1 11.8 -0.1 5.5 -0.1 12.1 EAFE Preliminary 763.6 0.1 11.9 0.2 5.7 0.2 12.3 Europe Preliminary 1148.8 0.0 11.9373 words
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Article, Illustration94 2012-12-17 24 As on 14 December 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1701.60 1694.80 1696.90 INDIA GOLD (E-GOLD) FUT FEB2013 570.20 567.80 568.80 CURRENCY EUR-USD FUT DEC2012 1.3168 1.3067 1.3165 BASE METAL COPPER FUT MAR2013 8137 8098 8119 INDEX IRON ORE (MBIO) IDX94 words
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Article107 2012-12-17 24 Dec 14 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 13 1496.00 1476.50 1497.00 1474.25 Mar 13 1491.50 1472.50 1492.50 1470.25 May 13 1471.50 1456.50 1472.50 1454.25 Jul 13 1453.00 1439.25 1453.50 1437.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 49.63107 words
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Article70 2012-12-17 24 CRUDE OIL PRODUCTS Dec 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.76 -0.42 WTI (Near Mth) 86.09 -0.73 Dubai (1-Mth F) 103.96 0.46 Tapis blend 114.27 0.71 Minas 107.55 0.71 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.61 -0.95 Jet Kerosene 123.91 0.98 US$/barrel OpecOil Basket70 words
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Article22 2012-12-17 24 Dec 14 S$ Bid Offer 1-month 1.2210 1.2220 2-months 1.2209 1.2220 3-months 1.2209 1.2220 6-months 1.2208 1.2218 Source: OCBC22 words
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Article64 2012-12-17 24 Dec 14 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2138.25 2132.75 3 months 2122.00 2126.00 Copper, Grade A(US$/tonne) Cash 8043.75 8052.00 3 months 8065.00 8074.00 Lead(US$/tonne) Cash 2284.25 2289.00 3 months 2294.00 2303.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.50 *****.00 3 months *****.0064 words
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Article79 2012-12-17 24 Dec 14 COCOA (£/tonne) Close Prev High/Low Mar 13 1545 1530 1550/1526 May 13 1551 1536 1554/1533 Jul 13 1556 1543 1559/1540 Sep 13 1560 1549 1564/1541 COFFEE(US$/tonne) Close Prev High/Low Jan 13 1908 1929 1944/1905 Mar 13 1872 1892 1903/1868 May 13 1882 1899 1911/1879 Jul 13 189579 words
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1074 2012-12-17 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 4 1 146 650 5.00 17 Conv Ratio Best World Intl Ltd W*****5 0.5 1 30 69 36.00 7 Price BiosensoMBeCW*****3 4.7 1.1 1670 0.4 140 6 Biosensors1,074 words
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Article470 2012-12-17 24 Dec 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.038 6.591 0.805 8.179 57.345 101.836 0.883 11.342 3.223 1.249 103.055 43.352 1.289 9.121 0.973 30.646 32.334 0.654 1.055 Canada 0.964 6.351470 words
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Article60 2012-12-17 24 Dec 14 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 3 mths 0.***** 0.***** Wl „r r 5« i *n =rl -CP Vi i if 5 r-60 words
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Article136 2012-12-17 24 Dec 14 GOLD(US$/oz) Dec 14 Dec 13 Hong Kong 1708.00 1706.00 Dec 14 Dec 13 London 1696.18 1696.24 1697.13 1697.46 Source: Thomson Reuters CAST BAR Dec 14 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 150 67 5gm 425 333 10gm 760 667136 words
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Article89 2012-12-17 24 Dec 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 14-Mar-13 0.24 6-Month BS*****X 13-Jun-13 0.27 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 101.97 5-Year N*****0Z 2.375 01-Apr-17 108.6389 words
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Article57 2012-12-17 24 Dec 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 12 2100.0 2042.0 2100.0 2100.0 80 1427 Jan 13 2153.0 2142.0 2195.0 2153.0 1737 ***** Feb 13 2232.0 2230.0 2285.0 2232.0 ***** ***** Mar 13 2303.0 2303.057 words
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Article169 2012-12-17 24 Dec 14 Amjlnn Si \wlnn US5 Liffrtnritw u Offur n.ri Off if lirtU Ilf hmitifli LIlit&MI fL -o lit 1 1 fJ*J firm »rvii r.4i«ainrbl*r (Jill lac n 1 QlTl mm 1 lU»)i 1 Vld i »li <l*i« IA1U I nn II KW; niw to.iu t «M|.169 words
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Article121 2012-12-17 24 As at 9am Dec 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.315 1.253 Can dollar 1.269 1.209 Euro 1.633 1.556 Sterling pound 2.005 1.928 NZ dollar 1.063 1.003 US dollar 1.245 1.186 Local dollars to 100 units of foreign121 words
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Article157 2012-12-17 24 Dec 14 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.07 US$ Offer Bid 7 days 0.22 0.12 1 month 0.30 0.20 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.65 0.45 9 months 0.80 0.60 12157 words
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Advertisement28 2012-12-17 25 Corrs: Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times28 words
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Advertisement73 2012-12-17 26 TO ADVERTISE IN .THE Business Times MIL IMVILJ Shipping Times CALL JOE WONG Publicise Your Delivery Of Newbuilds Come publicise your Ship Christenings Delivery of Newbuilds, Project Completion, Vessel Conversion Refurbishment, Award Wins Certifications, Corporate Image, Corporate Developments and Company Anniversary. There’s no better way to direct your company to73 words
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Biz IT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration934 2012-12-17 27 reportsAMIT ROY CHOUDHURY - Personal-computer maker growing faster than competitors despite difficult market conditions, reports AMIT ROY CHOUDHURY reportsAMIT reportsAMIT ROY CHOUDHURY MOST analysts and some CEOs have interpreted the slowdown in personal computer (PC) sales globally as a sign that the world is movingPHOTO: LENOVO SINGAPORE - 934 words
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739 2012-12-17 27 AMIT ROY CHOUDHURY - Private and hybrid cloud models are most popular here, survey shows By AMIT ROY CHOUDHURY By [SINGAPORE] A recent survey by cloud infrastructure provider VMware Inc shows that there has been a steady increase in the cloud adoption rate739 words
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Article, Illustration375 2012-12-17 27 Reuters [TORONTO] A US federal agency that has been phasing out the BlackBerry in favour of the iPhone said last week it would test Research In Motion’s new BB10 smartphones, fuelling a fresh spurt in RIM’s shares ahead of the new line’s launch.Reuters; PHOTO: REUTERS - 375 words
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999 2012-12-17 27 RAHUL SHINGHAL - Digital, not mobile wallets key to mobile commerce <you say> By RAHUL SHINGHAL The writer is director of mobile commerce, PayPal Asia Pacific THE highly anticipated iPhone 5 has now been in the Singapore market for several weeks, and the new iPad mini has just arrived. hose watching the mobile999 words
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Advertisement138 2012-12-17 28 i'Jt < r 7 j- PAN E RAI .COM ‘V. Sc -*«SS£,5h' 5 r^^5V ;nf; jV^WMESBP (> W i« 5-t> A L WS&M .a tv»js iusas /■> ■a. V* o n t». r ■'-V3C ;g *W T QWttaSfcfcj^ 3»~ -r >v V. > Jr AAr v.. V Vi V. X138 words
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