The Business Times, 19 November 2010

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Total Pages: 51
1 52 The Business Times
  • 24 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg sph A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Friday, November 19, 2010
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  • 820 1  -  Husband and wife, who have been private banking clients, countersue By MICHELLE QUAH [SINGAPORE] The Singapore arm of Swiss bank UBS AG is taking two of its private banking clients to court, on the grounds that the couple owes the bank some S$9
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  • 868 1  -  Overall growth this year likely to touch 15%; it is expected to moderate to 4-6% in 2011 By ANNA TEO [SINGAPORE] The economy is poised to grow about 15 per cent this year at the top end of the official forecast and
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  • 145 1 G ST INDEX 3,215.22 (+3.12) G ST INDEX FUTURES 3,214 (+6) G SIMSCI 378.58 (+1.24) G SIMSCI FUTURES 378.30 (+1.10) FOREX US$ S$ US$ (S$ per US$) 1.299 (US$/S$ per 1.593 2.068 EURO (US$/S$/E) 1.359 1.765 Foreign currency per US$ S$ YEN 83.30 64.10 RM 3.132 2.411 HK$
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  • Page 1 Advertisements
    • 127 1 HARRY POTTER Working the magic once again PAGE 47 EXECUTIVE LIFESTYLE Golf investment in Asia PAGE 46 FESTIVALS AROUND THE WORLD The triumph of Diwali PAGE 52 PROPERTY One Finlayson Green goes on the market PAGE 19 <A> y THE SIMPLICITY OF INNOVATION. LUMINOR 1950 MARINA 3 DAYS AUTOMATIC Automatic
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    • 7 1 MTI: Banks redirecting capital inflows, Page 4
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  • TOP STORIES
    • 424 2  -  A combination of festive demand and panic buying drive premiums up By SAMUEL EE [SINGAPORE] COE premiums spiked across the board yesterday in some cases to 10-year-highs on a combination of festive demand and panic buying. The second bidding exercise of November for certificates
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    • 865 2  -  February 2012 is the target date for a commercial rollout By AMIT AMIT ROY CHOUDHURY [SINGAPORE] Do you have a bulging wallet filled with plastic cards that you use to make payments? Well, come early 2012 you can throw them all away.
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    • 459 2 S’pore to dodge technical recession on biomed bounce THE economy is poised to grow about 15 per cent this year at the top end of the official forecast and avert a technical recession in the fourth quarter, the Ministry of Trade and Industry said yesterday. For 2011, it
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    • 414 2 Govt raises avian influenza alert level to ‘serious’ AFP [HONG KONG] Hong Kong scrambled yesterday to contain any outbreak of bird flu but vied to reassure the public after the teeming city recorded its first human case of the illness since
      AFP  -  414 words
    • 509 4  -  Situation, however, still needs to be watched closely, says MTI Reports by TEH SHI NING [SINGAPORE] Capital inflows into Singapore have yet to hit levels widely talked about and feared, says Ministry of Trade and Industry permanent secretary Ravi Menon. In fact, Singapore’s
      509 words
    • 682 4 Reuters [NEW YORK] General Motors Co shares were up 7 per cent in morning trading, in a dramatic market return for the top US carmaker that comes less than a year-and-a-half after it emerged from agovern-ment-funded bankruptcy. The shares opened at US$35, above the initial
      Reuters; AP  -  682 words
    • 505 4 Moderate trade growth likely in Q4, S$ appreciation against US$ has limited impact on exporters [SINGAPORE] Singapore now expects its key non-oil domestic exports (NODX) to grow 23 to 24 per cent this year, up from earlier estimates of 17 to 19 per cent. International
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    • 479 4  -  By GRACE LEONG [SINGAPORE] French grocery retail brand Carrefour will remain in Singapore and Malaysia after all. Just a day after Carrefour sold its 34 hypermarts in Thailand to a subsidiary of France’s Casino Gui-chard-Perrachon SA for 868 million euros (S$1.53 billion), Carrefour
      479 words
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  • Page 3 Advertisements
    • 208 3 www.vw.com.sg a The new Touareg. Where on earth will you take it? The all-new Volkswagen Touareg, luxurious on road, unsurpassed off road. Where you take it is up to you. Just tap your destination into the factory fitted Touchscreen Satellite Navigation System and you're on your way. Whether it's making
      208 words

  • Page 4 Advertisements
    • 263 4 How to Inspire and Conned with your Teenager k§ "Initially, I was skeptical about how MindChamps could change my life. But after achieving 6 As and topping my class, I knew MindChamps played a big part in it. My trainer always conducted activities that made the learning process fun and
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  • Page 6/7 Advertisements
    • 402 6/7 Developer: Marina Green Limited Company Registration No.: *****0208W Tenure: 99 years leasehold commencing from 20 July 2007 Lot No. 3975L Mk 25 at Amber Road Developer's Licence: C0311 BP No. A1370-*****-2006-BP01 dated 18 April 2008, A1370-*****-2006-BP02 dated 30 April 2008 Expected TOP Date: 31 December 2014 Expected Date of Legal
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  • COMPANY NEWS
    • 579 8  -  Offer of preference shares increased to $800m after heavy oversubscription By SIOW LI SEN DBS’s $500 million retail preference share offering the biggest retail bond issue here has been more than 3.5 times subscribed, attracting more than 30,000 investors. The strong interest for
      FILE PHOTO  -  579 words
    • 376 8  -  The firm may list a unit on the Taiwan Stock Exchange By JAMIE LEE TAIWANESE company Financial One Corporation may delist soon, after a poor reception by investors here since its listing three years ago. Financial One the first and only Taiwanese lender listed in
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    • 344 8  -  By EMILYN YAP THE hedge fund industry has regained its pre-finan-cial crisis clout assets under management hit US$1.63 trillion in October, just above the level two years ago. According to data provider Eurekahedge, hedge funds attracted net inflows of US$10.2 billion in October.
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    • 324 8 Bloomberg LIQUIDNET Holdings Inc said the value of stock traded in the first 10 months of this year on its six platforms in the Asia-Pacific region exceeded the level for all of 2009 as investors sought alternatives to major exchanges. More than US$11.3 billion
      Bloomberg  -  324 words
    • 737 8  -  HOCK LOCK SIEW By FELDA CHAY APPEARANCES can deceive. Among the victims of the recent market weakness are commodity supply chain managers, with Olam International the most badly hit compared to its peers. Yet, the Temasek Hold-ings-linked firm is possibly the more attractive bet,
      737 words
    • 4688 10 glance 9-month and Q3 results ended Sept 2010 9 MONTHS ENDED SEPTEMBER 2010 NET PROFIT (S$M) TURNOVER (S$M) CURR PREV CHNG CURR PREV CHNG 3 MONTHS ENDED SEPTEMBER 2010 NET PROFIT (S$M) TURNOVER (S$M) CURR PREV CHNG CURR PREV CHNG 1 UOB 1990.00 1380.00 44.2 4236.00 4163.00
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    • 310 14  -  This follows news that it has clinched deals worth a total 1.3b kroner By JOYCE JOYCE HOOI NEW listing STX OSV Holdings saw its share price rise 4.4 per cent from 79.5 cents to 83 cents in heavy trading yesterday, after news that
      310 words
    • 260 14  -  Sim Lian has so far released 348 units of the development By KALPANA RASHIWALA SIM Lian Group is understood to have sold about 200 units at its Waterview condo at Bedok Reservoir since it began previewing the project on Tuesday this week. The
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    • COMPANY BRIEFS
      • 101 14 FISHING company China Fishery Group said that it has signed a US$425 million Club Loan Facility Agreement on Wednesday. The facility is fully committed for four years and comprises a term loan facility of US$340 million and a revolving loan facility of US$85 million. It
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      • 72 14 A SUBSIDIARY of Seroja Investments has signed a seven-year agreement with a value of around US$150 million with PT Adaro Indonesia. It will transport coal from PT Adaro Indonesia to various buyers located within the Indonesian archipelago. Seroja does not expect the agreement to
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      • 102 14 HU An Cable Holdings Ltd said that an institutional investor, SEAVI Advent, has become a new shareholder in the company after it purchased a 4.22 per cent stake, or 28 million ordinary shares, from Goka Ltd for about $11.8 million. The price of $0.42
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      • 78 14 KREUZ Holdings, a subsea service provider for the oil and gas industry, has signed a letter of intent (LOI) for a subsea installation contract worth about US$6.2 million. It said that the LOI was signed with a “leading offshore construction company in the oil
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      • 87 14 POPULAR Holdings said that its subsidiary, Popular e-Learning Holdings Pte Ltd (PELH), has bought a 22 per cent stake in ACP, an IT-related company, for $1.10 million. The stake, comprising 81,400 shares, was bought from an existing shareholder of ACP. ACP is principally engaged
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      • 102 14 SITRA Holdings (International) Ltd said that Wood Doctor Holding Pte Ltd has issued a writ of summons against the company in the High Court of Singapore. Wood Doctor is seeking payment of $426,538.32, $391,610.25 and $133,159.66 respectively for goods supplied and/or services provided to
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  • Page 8 Advertisements
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    • 12 8 JERRY LUM Marketing Director, MBA, CES HP: 8288 0098 View: jerrylum.myweb.sg ERA
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  • Page 9 Advertisements
    • 151 9 Audi Vorsprung durch Technik j To be ahead, Listen for the rhyth of tomorrow." sDick Lee. Composer. M, is® ■:K •x 4 r X Register now and join our distinguished guests, composer Dick Lee, financial guru Jim Rogers and world-acclaimed actor/director Kevin Spacey at the launch of the new Audi
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  • Page 11 Advertisements
    • 118 11 See what tomorrow looks like. Introducing the world’s first full high precision LED headlights in the new Audi A8. Our LED headlights are unmistakable in form and function. They ‘think’ for themselves and light up the road with clear-cut clarity. So you’ll always be seen by other road users. This
      118 words

  • SINGAPORE MARKETS
    • 559 12  -  Rises in Keppel Corp, UOB and SGX contribute the most to the index’s positive closing STOCKS R SIVANITHY Senior Correspondent AN afternoon bounce in Hong Kong yesterday helped ease some of the pressure in the local market but although the Straits Times Index managed
      Source: Bloomberg  -  559 words
    • 4 12 DAILY
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    • 65 12 Nov 18 VALUE CLOSE BT OB/OS -360.00-103.00 BT CADI -*****.00 -82.00 BT 10-day MA -*****.00 -36.00 FTSE ST Mid Cap 793.78 -3.86 FTSE ST Small Cap 576.72 -3.60 FTSE ST All Share 793.49 -0.29 FTSE ST China Top 294.98 -1.91 FTSE ST China 333.09 -3.69 FTSE ST
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    • 186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 6 0 0 0 5 6 6 Manufacturing 34 68 78 7 9 11 41 77 89 Commerce 22 26 20 1 5 5 23 31 25 Tpt/Stor/Comms 14 13 18
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    • BROKERS’ TAKE
      • 338 12 Singapore DBS GROUP RESEARCH, Nov 18 OVERALL, Q3 2010 earnings grew by 9 per cent q-o-q and 31 per cent y-o-y, driven by higher non-interest income. As expected, average net interest margins (NIMs) were softer in Q3 than in Q2, down 3 basis points (bps) versus 9 bps
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      • 549 12  -  Compiled by LYNN KAN Nov 18 close: S$0.16 OCBC INVESTMENT RESEARCH, Nov 18 FRASERS Commercial Trust (FCOT), a real estate investment trust (Reit), owns 10 properties across three countries with retail and office components. FCOT derives some 52 per cent of its gross revenue from Singapore, which
        Source: Bloomberg  -  549 words
    • 121 12 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,595 18,595 82,031 82,031 Manufacturing 271,415 14,890 286,305 318,156 965 319,121 Commerce 96,310 10,472 106,782 130,543 1,301 131,844 Tpt/Stor/Comms 176,883 2,554 179,437 303,651 845 304,497 Finance 31,697 31,697 239,910 239,910 Construction 107,566 147,697 255,263 11,176
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    • 112 12 Stock name Close Change CapMallsAsia 2.110 +0.020 CapitaLand 3.810 +0.010 CapitaMall 1.930 -0.010 CityDev 13.120 +0.080 ComfortDelGro 1.530 DBS Grp 13.940 +0.020 F&N 6.380 -0.010 Genting SP 2.050 -0.050 Golden Agri 0.720 -0.010 HK Land 7.050 -0.150 JMH 47.280 +0.280 JSH 27.320 -0.080 Jardine C&C 38.300
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    • 517 12 CURRENCIES Reuters [LONDON] The euro rallied yesterday as optimism that Ireland’s debt crisis may be easing fuelled speculative buying, but the move was seen as undermined by peripheral risks elsewhere and position-squaring into the year-end. The dollar was broadly softer after subdued
      Reuters; AP  -  517 words
    • 57 12 VOLUME Genting SP 243,382,000 TopGlobal 144,422,000 Jade W*****4 86,996,000 UniFiber 80,982,000 Golden Agri 65,863,000 *Genting HK US$ 44,549,000 STXOSV 40,889,000 SingTel 39,126,000 GLP 29,746,000 TopGlobal W*****9 28,624,000 VALUE($) Genting SP 500,115,530 SingTel 122,117,035 Wilmar 112,263,890 DBS Grp 92,102,920 GLP 66,720,951 CapitaLand 62,618,980 UOB 55,854,102 OCBC Bk 55,545,781
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    • 111 12 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 74.0 0.4 DBXT MSKorea 10US$ 5410 48.0 0.7 JMH 4728 36.4 0.6 DBXT MSINDO 10us$ 1455 32.5 1.7 Keppel Corp 1088 28.0 2.6 DBXT S&P Short 10US$ 4804 23.4 0.4 UOB 1852 22.0 1.2 DBXT MSJAP 10US$ 3845 19.5 0.4 Daiwa
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    • 121 12 BY CENTS CLOSE DOWN Lyxor MS India 10US$ 1774-168.8 -6.8 DBXT AUD Bonds 5AU$ *****-112.6 -0.6 DBXT iBoxxUSTr 5US$ ***** -93.5 -0.4 DBXT MSUSA 10US$ 2817 -74.0 -2.0 DBXT MSINDIA 10US$ 1112 -35.1 -2.4 GLD 10US$ ***** -31.2 -0.2 GuocoLand Ltd 230 -25.0 -9.8 DairyFarm 812 -23.4 -2.2 HK
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    • 5 12 DAILY
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  • Page 13 Advertisements
    • 136 13 Hear what tomorrow sounds like. Introducing the world’s first moving concert hall the 19 speaker Bang Olufsen Advanced Sound System in the new Audi A8. Created with the highest quality materials and workmanship that’s nothing short of extraordinary. The result is a combined output of 1,460 watts channeled through 19
      136 words

  • Page 14 Advertisements
    • 201 14 i START/FINISH r v r P3 /J 1 17 0 IW JW^f' Mtt WWg!&.:, > 4.J0 <* M. r r r I IE Li I I n n >23« kw 1 IA ar "J V m A >>* sr./f iSf 1354 A HHa CHARITY FUN RUN IN T Promoting organisations
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  • Page 15 Advertisements
    • 134 15 Feel tomorrow at your fingertips. Introducing the world’s first intuitive Multi Media Interface touchpad system in the new Audi A8. The MMI system is so advanced that it recognises over a million characters just by writing a letter or number on the touch sensitive pad. Without taking your eyes off
      134 words

  • THE BULL CHARGE 2010
    • 523 16 MORE than 4,000 participants from Singapore-listed companies and the financial community took to the streets of the Central Business District last Friday for the seventh SGX Bull Charge. After refreshments and warm-up exercises at The Float Marina Bay, the runners were flagged off by Lim
      Photos by ARTHUR LEE and SGX  -  523 words

  • Page 17 Advertisements
    • 59 17 The new Audi A8. The new Audi A8 is coming soon. Light years ahead. Be light years ahead and join our distinguished guests, composer Dick Lee, financial guru Jim Rogers and world-acclaimed actor/director Kevin Spacey at the launch of the new Audi A8. Audi A8 Pavilion The Promontory@Marina Bay 1st–
      59 words

  • SINGAPORE NEWS
    • 535 18  -  3 in 4 employees believe they will change career at some point: survey By CHUANG PECK MING A GROWING number of employees in Singapore are becoming more savvy at marketing themselves in a fast-changing job market, according to a survey. And most almost three-quarters
      BLOOMBERG FILE PHOTO  -  535 words
    • 198 18 WDA and 2 partners launch initiative to help manufacturers THE national productivity drive has been given a boost by the Workforce Development Agency (WDA), Singapore Manufacturers Federation (SMa) and Human Capital Singapore (HCS). The three parties co-launched the “Manufacturing Enterprise for Growth Advancement”
      198 words
    • SINGAPORE ROUNDUP
      • 61 18 JEREMY Han Wan Kwang, 37, was arrested by Singapore Customs yesterday. He faces 124 charges in relation to fraudulent evasion of duty and Goods and Services Tax on 206 cars imported from Japan. The alleged under-declarations amount to $176,774.62. The offences are
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      • 92 18 THE Bakrie Center Foundation of Indonesia has given $3 million to the Nanyang Technological University (NTU) to establish and endow a new professorship in South-east Asia policy at the S Rajaratnam School of International Studies. The professorship will have a total endowment of $6
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      • 68 18 KOREAN Fair 2010 was launched by NTUC FairPrice yesterday. The inaugural fair will feature more than 40 items, from traditional Korean food to fresh produce. Korean eggs will be available, which is a first for the supermarket chain. A Taste of Korea
        68 words
      • 64 18 TAX specialist Taxand held its annual board meeting and Asia management meeting on Nov 11 and 12 respectively. KhattarWong and Taxand Singapore were the hosts. As well as the meetings, Taxand Singapore also hosted the Taxand Asia Seminar which discussed the topic Latest Tax Developments: Learning
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    • 670 19  -  One Finlayson Green strata offices tagged at $2,600-$2,800 psf By KALPANA RASHIWALA PROPERTY agent Jones Lang LaSalle is seeking interest on a stra-ta-floor basis for One Finlayson Green, near Raffles Place MRT Station. The fund which acquired the 19-storey freehold
      FILE PHOTO  -  670 words
    • 523 19  -  ChildAid is getting other help besides monetary donations By LYNN KAN ’TIS the season to be giving and companies are clearly snapping their fingers to that carol tune. For the year-end ChildAid concert that raises money for the Business Times Budding Artists’
      NEO XIAOBIN/THE STRAITS TIMES  -  523 words
    • 238 19 THE Housing Development Board (HDB) yesterday offered 1,176 new flats at Yishun and plans to roll out another 1,010 at Punggol next month. This takes the number of new units under the build-to-order (BTO) and sale-of-balance flat schemes this year to about 17,700.
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    • 316 19  -  By LYNN KAN EXPORTERS in Singapore, Brunei and Malaysia can now be self-certified to declare the origin of their goods, allowing them to take better advantage of preferential tariffs under the Asean Free Trade Area (AFTA). Under the Asean Self-certification Scheme piloted in
      316 words
  • Page 18 Advertisements
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      143 words

  • Page 19 Advertisements
    • 51 19 CONSTRUCTED WITH PEOPLE IN MIND CONDUCTS HERSELF WITH PEOPLE IN MIND r BENEVOLENCE A GOOD BUILDING IS LIKE A GOOD PERSON. YOU CAN'T BUILD ONE WITHOUTTHE OTHER. Real Estate REITs Financial Services Hospitality Spanning more than 110 cities in over 20 countries across Asia Pacific and Europe www.capitaland.com CaggaLand BUILDING
      51 words

  • ECONOMY WATCH
    • 334 20 ADB official says that developing countries will benefit from US recovery Bloomberg [TOKYO] The US Federal Reserve’s monetary stimulus will help more than hurt developing countries by supporting growth in the world’s largest economy, the Asian Development Bank’s (ADB) assistant chief economist said. “Most emerging
      Bloomberg  -  334 words
    • 315 20 Bloomberg [OSLO] Norway central bank governor Svein Gjedrem has signalled that he would not bring forward the next interest rate increase even after declines in the krone made imports more expensive and supported the country’s export industry. “The krone has weakened somewhat,
      Bloomberg; THE BUSINESS TIMES FILE PHOTO  -  315 words
    • 374 20 Bloomberg [SYDNEY] Australia’s two decades of nearly uninterrupted growth means the economy lacks the capacity to expand much faster without spurring inflation, central bank deputy governor Ric Battellino said. “With a large amount of money continuing to flow into the country over the next
      Bloomberg; PHOTO: BLOOMBERG  -  374 words
    • 462 20 Fund urges cooling measures to avoid a long downturn Bloomberg [HONG KONG] The International Monetary Fund said Hong Kong’s accelerating asset inflation risks causing a bust that leads to deflation and an extended economic “downturn”, and urged further measures to rein in
      Bloomberg  -  462 words
    • 246 20 Reuters [SEOUL] South Korea plans to reintroduce a withholding tax on foreigners’ local bond investments, a finance ministry official said yesterday, as part of efforts to reduce sharp swings in capital flows and the won. The finance ministry was due to hold
      Reuters  -  246 words
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    • 55 20 BUILT TO BE STURDY AND STRONG GROWN TO BE STEADFAST AND STRONG i-r m mmmm RIGHTEOUSNESS A GOOD BUILDING IS LIKE A GOOD PERSON. YOU CAN'T BUILD ONE WITHOUTTHE OTHER. Real Estate REITs Financial Services Hospitality Spanning more than 110 cities in over 20 countries across Asia Pacific and Europe
      55 words

  • MALAYSIA/INDONESIA
    • 307 21 Reuters [KUALA LUMPUR] Malaysia’s second largest palm oil conglomerate IOI Corporation reported an increase in quarterly net profit due to higher crude palm oil (CPO) prices. Analysts had expected the improved performance as the average price of palm increased by nearly 25
      Reuters; REUTERS  -  307 words
    • 361 21 Xinhua [JAKARTA] Three foreign retail giant firms, US Wal-Mart, France’s Casino Guichard-Perrachon and South Korea’s Lotte Mart, are tightly competing to acquire Indonesia’s retail chain Hypermart, owned by Indonesian prominent retailer PT Matahari Putra Prima (MPP), local media reported here yesterday.
      Xinhua; REUTERS  -  361 words
    • 451 21  -  Jump is partly due to consolidation of NSTP; first interim dividend declared By PAULINE NG MEDIA Prima has doubled its third-quarter revenue year-on-year to almost RM417 million (S$173 million), partly on the back of consolidating the results of The New Straits Times Press
      451 words
    • 249 21 It also plans to exit semiconductor business Bloomberg [KUALA LUMPUR] Hong Leong Industries, a Malaysian investment group controlled by billionaire Quek Leng Chan, said that it agreed to buy Hume Industries (Malaysia) and invest in a sister cement maker as part of plans
      Bloomberg  -  249 words
  • Page 21 Advertisements
    • 103 21 IN HARMONY WITH ITS SURROUNDINGS IN RHYTHM WITH HER SURROUNDINGS i=s -I f W t 'IFmF TP MF "f 4&: wif W IF -^F .K VP MP -f v? ft "F if •TF -if IF -IF ■IF F j."' •IF 'If Trr •IF "X IF IF as® Bit "S MM"!
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  • GREATER CHINA
    • 645 22 It moves to prevent high commodity prices from igniting broader inflation NYT [HONG KONG] China took steps on Wednesday to control rising prices at the most basic consumer level. But Beijing faces a severe challenge in preventing higher global commodity prices from igniting broader
      NYT; AP  -  645 words
    • 438 22 US report says telco rerouted sensitive emails for 18 min IFP [BEIJING] State-owned China Telecom yesterday rejected US claims that its servers “hijacked” highly sensitive Internet traffic on American government and military websites earlier this year. A report presented to Congress on Wednesday said
      IFP  -  438 words
    • 247 22 AFP [SEOUL] The Industrial and Commercial Bank of China (ICBC) is considering taking over South Korea’s Kwangju Bank, a report said yesterday, as the world’s largest bank by market value moves to expand overseas. The newspaper Dong-A Ilbo cited financial industry sources as
      AFP  -  247 words
    • 159 22 Bloomberg [HONG KONG] China Resources Enterprise Ltd, the Chinese govern-ment-backed partner of SABMiller plc, reported that third-quarter profit grew 1.4 per cent. Net income in the three months ended September rose to HK$1.06 billion (S$ 177.1 million) from HK$1.04 billion a year earlier, China
      Bloomberg  -  159 words
    • 221 22 Reuters [SHANGHAI] China’s largest electricity provider Huaneng Power International said yesterday it had won approval for the first phase of a wind power plant in the north of the country. The company will invest 495 million yuan (S$96.6 million) in the plant,
      Reuters  -  221 words
  • Page 22 Advertisements
    • 70 22 GUIDED BY LIGHT GUIDED BY KNOWLEDGE J n p A y i vv F2 J e r. "f 3 J VU> s 7 T K 1 [i n ft J WISDOM A GOOD BUILDING IS LIKE A GOOD PERSON. YOU CAN'T BUILD ONE WITHOUTTHE OTHER. Real Estate REITs Financial Services
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  • INDIA
    • 722 23 Telecom shares fall as opposition demands probe, stalls parliament Reuters [NEW DELHI] Indian Prime Minister Manmohan Singh has been forced to explain to the Supreme Court his failure to probe a huge telecoms scam, in a widening scandal that prompted telecom investors
      Reuters; BLOOMBERG  -  722 words
    • 258 23 Reuters [MUMBAI] India’s fiercely competitive mobile phone industry has been beset by a fresh wave of regulatory uncertainty stemming from a possible probe into 2G spectrum that a government audit says was awarded too cheaply. The scandal over spectrum allocation resulted in the sacking
      Reuters  -  258 words
    • 447 23 20.7b rupee share deal will help Axis expand advisory unit Bloomberg [MUMBAI] Axis Bank Ltd, India’s top-ranked manager of debt sales, aims to bolster its equity underwriting operations by merging the unit with Enam Securities in a transaction valued at about
      Bloomberg  -  447 words
    • 456 23 NYT [MADOOR, India] India’s rapidly growing private microcredit industry faces imminent collapse as almost all borrowers in one of India’s largest states have stopped repaying their loans, egged on by politicians who accuse the industry of earning outsize profits on the backs of the
      NYT  -  456 words
  • Page 23 Advertisements
    • 51 23 SENSE OF SECURITY PEACE OF MIND t L Raffles City Shanghai m TRUSTWORTHINESS A GOOD BUILDING IS LIKE A GOOD PERSON. YOU CAN'T BUILD ONE WITHOUTTHE OTHER. Real Estate REITs Financial Services Hospitality Spanning more than 110 cities in over 20 countries across Asia Pacific and Europe www.capitaland.com capMand BUILDING
      51 words

  • Page 24 Advertisements
    • 733 24 EVERY.YEAR J WEjGROW) STRONGER CapitaLand celebrates 10 years of success and accolades UNITED KINGDOM KAZAKHSTAN BELGIUM < FRANCE SPAIN GERMANY GEORGIA CHINA SOUTH KOREA V •j*. AV V" 1 BAHRAIN QATAR UAE INDIA THAILAND /.VIETNAM V PHILIPPINES K .MALAYSIA JAPAN HOMES OFFICES SHOPPING MALLS SERVICED RESIDENCES MIXED DEVELOPMENTS FINANCIAL SERVICES
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  • Page 25 Advertisements
    • 287 25 m h J WISDOM 4 4 rf 7 m ;f' BHD SiJ H-] BENEVOLENCE •3S==SIisSS= i33^ 3= ,a II IBIlBliBliglHBI issi pl| ailss li|||; .fk&T liui;;; 5?? i list F B* BF 'IP "ff I f a- v TP I P 9F MPT iV»'» if? Ff •T?* r 77* P
      287 words

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    • 37 26 Tambour Regatta automatic chronograph, Black Force. Manufacture movement, LV171 caliber: chronograph, countdown and fly-back. Made in Switzerland by Les Ateliers Horlogers Louis Vuitton. Sold exclusively in Louis Vuitton stores and on louisvuitton.com. Tel. 6788 3888 LOUIS VUITTC
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  • WORLD
    • 730 27 RIM is betting on the PlayBook’s security features to win over companies Bloomberg [TORONTO] Research In Motion Ltd’s (RIM) BlackBerry PlayBook, the tablet designed to compete with the iPad from Steve Jobs’ Apple Inc, is winning corporate customers months before its
      Bloomberg; AFP  -  730 words
    • 367 27 Reuters [BANGKOK] Thailand’s No 3 mobile phone operator True Move is in talks with Hutchison Telecommunications International Ltd to buy the Hong Kong company’s CDMA (code division multiple access) business in Thailand, a step that could accelerate 3G services. “We have just
      Reuters  -  367 words
    • 504 27 AFP [WASHINGTON] Americans are the most likely to go without health care because of the cost and to have trouble paying medical bills even when insured, a survey of 11 wealthy countries found yesterday. “The US stands out for the most
      AFP  -  504 words
    • 458 28 However IMF says the currency is not used widely enough to be included Bloomberg Reuters [WASHINGTON] The International Monetary Fund (IMF) on Wednesday acknowledged China as a powerhouse in the global economy but said the Chinese yuan was not used widely
      Bloomberg; Reuters; AFP  -  458 words
    • 498 28 Bloomberg [TOKYO] The US dollar may fall below 75 yen next year as it becomes the world’s “weakest currency” due to the Federal Reserve’s monetary easing programme, according to JPMorgan Chase Co. The US central bank, along with those in Japan and Europe, will
      Bloomberg  -  498 words
    • 371 28 Reuters [SEOUL] Investment bank Lazard Ltd expects South Korean companies with deep pockets to beef up overseas acquisitions over the next couple of years, as they shift away from the saturated local market. “Companies like Samsung and Hyundai are cashed up and
      Reuters  -  371 words
    • 700 30 But finance minister rules out bailout as EU, IMF officials hold talks in Dublin Reuters [DUBLIN] Ireland’s central bank chief yesterday said he expected Dublin to receive tens of billions of euros in loans from European partners and
      Reuters; AP  -  700 words
    • 367 30 Bonds and loans due in 4 years down 34% to US$756b Bloomberg [NEW YORK] The wall of bonds and loans maturing in the next four years has been slashed by 34 per cent to US$756 billion as the threat eases that a
      Bloomberg  -  367 words
    • 448 30 LATEST US DATA Bloomberg [NEW YORK] The index of US leading indicators rose in October for a fourth consecutive month on signs the Federal Reserve was preparing to take additional action to spur the world’s biggest economy. The Conference Board’s gauge of
      Bloomberg  -  448 words
    • 449 30 Reuters [BARCELONA] James Murdoch said Britain must decide to back News Corp’s £7.8 billion (S$16.2 billion) bid for BSkyB or risk losing its investment in the “world leader” digital TV operation. News Corp, whose chief executive is James’s father
      Reuters  -  449 words
    • 771 30  -  They cite rising bond yields, stronger US$, improving economy B y ANDREW MARKS IT has been all of two weeks since the US central bank announced its intentions to purchase up to US$600 million in government bonds over the next several
      771 words
    • 800 32  -  It expects Japan’s growth in next 2 years to lag behind its peers By ANTHONY ROWLEY THE global economy is continuing to recover but “progress has become more hesitant” with global output and world trade slowing since the early part of this year, the
      BLOOMBERG  -  800 words
    • 374 32 Bloomberg [MOSCOW] Traders are increasing payments to limit rouble losses faster than any other European emerg-ing-market currency as Ireland’s debt crisis and China’s vows to cut inflation cause a slump in oil, Russia’s biggest export earner. Options traders are paying more than
      Bloomberg  -  374 words
    • 646 34 Major US banks face billions of dollars in losses that could further prolong the housing depression AP [NEW YORK] Foreclosurefraud class action lawsuits are starting to pile up against major banks across the US, threatening a besieged industry with billions more in potential losses.
      AP; AP FILE PHOTO  -  646 words
    • 449 34 Some 6.3m people may be hit as lenders raise minimum credit scores Bloomberg [NEW YORK] Home ownership may be falling out of reach for more Americans as lenders toughen their standards for Federal Housing Administration-insured loans beyond what the agency itself requires. Mortgage lenders
      Bloomberg  -  449 words
    • 419 34 Reuters [WASHINGTON] The Federal Reserve issued guidance on Wednesday that would allow some large US banks to increase dividend payments and buy back shares. The Fed also said that the 19 banks which were subjected to stress tests last year will
      Reuters  -  419 words
    • 301 34 Bloomberg [WARSAW] The economic recovery in the European Union’s eastern member states that will pick up pace next year may falter later over a lack of private demand and insufficient fiscal consolidation, the World Bank said. “Short-term performance is looking good,” said Kaspar
      Bloomberg  -  301 words
    • 499 36 Lehman is suing JPMorgan for billions in collateral and damages Bloomberg [NEW YORK] Lehman Brothers Holdings Inc, whose US$11 billion suit against Barclays Plc is drawing to a close, is going after JPMorgan Chase Co as the next deep pocket to pay
      Bloomberg  -  499 words
    • 239 36 AFP [WELLINGTON] New Zealand has scrapped taxpayer-funded travel perks for politicians after the country’s first ethnically Asian MP quit as a minister over a trip to China. Parliamentary speaker Lockwood Smith said politicians from all parties agreed the scheme, which gave longserving MPs
      AFP  -  239 words
    • 102 36 [LONDON] The young stars of ‘Harry Potter and the Deathly Hallows Part 1’ hit the red carpet here last week for the world premiere of the first of two films resolving the boy wizard’s adventures, after a decade in the roles that brought them fame
      PHOTOS: AFP, AP  -  102 words
    • 434 36 Japanese carmakers risk losing out to South Korea Bloomberg [TOKYO] Japan’s car manufacturers association said the nation should pursue free trade agreements (FTAs) to help carmakers already struggling with a strong currency and competition from South Korean rivals. The nation’s car industry
      Bloomberg  -  434 words
    • 302 36 AFP [SYDNEY] A US$450 million lawsuit was brought against National Australia Bank yesterday by shareholders claiming it failed to properly disclose its exposure to toxic US debt during the financial crisis. The class action, involving about 250 institutional and retail investors, relates
      AFP  -  302 words
    • 572 37 The sale will add to US$3b raised from asset sales and help fund bids for power and infrastructure projects Bloomberg [MANILA] San Miguel Corp, the Philippines’ largest food and drinks company, may sell about US$3 billion of shares in the first quarter
      Bloomberg  -  572 words
    • 392 37 Bloomberg [SAN FRANCISCO] Insight Venture Partners, an investor in Twitter Inc and SolarWinds Inc, is aiming to raise as much as US$1.5 billion for a new fund, according to two people familiar with the matter. The venture capital firm, which has raised
      Bloomberg  -  392 words
  • Page 27 Advertisements
    • 87 27 r ***** WSIT KOREA™ Z 7T o -J <T> OJ D OJ_ p° n O 3 H i X ,V^ N». }i«e iK X' V. *1 IB -r-r>. s K I- ZL-t. W» -2 r ,'T* ■i M'» 'jW> W m* m *i 1 1 <-f •*5' V Kr Excellence
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  • Page 28 Advertisements
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  • Page 29 Advertisements
    • 158 29 Munich Automobiles munichauto.com.sg Sheer Driving Pleasure BUILDING A CAR TAKES FIVE YEARS. ADDING A LETTER TO IT TAKES MUCH LONGER. a m m \.f lk\ I Ll1 From the drawing board to the road is an elaborate process for most cars. But where the process stops for the others is
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  • Page 30 Advertisements
    • 137 30 WATS 3 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF ACCUVAL SINGAPORE PTE LTD (In Members' Voluntary Liquidation) Reg No. *****3158H ("the Company") NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the
      137 words
    • 39 30 All about financing and profit and everything in between November/December issue out now! Available at all petrol stations (except Caltex) and all major bookstores To subscribe ($30 for six issues delivered to your office or home), please call 6388-3838
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  • Page 31 Advertisements
    • 1314 31 XDo ati/ 2? "A partner that you can trust in delivering quality work as promised." Since 1940 Goh Joo Hin Pte Ltd Goh Kai Kui Director Goh Joo Hin Pte Ltd "The team at RSM Chio Lim has provided excellent service for HISAKA over the years by combining in-depth local
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  • Page 32 Advertisements
    • 428 32 WINE DINE AND HOSPITALITY tm JOIN US AT ALLIGATOR PEAR'S WHERE DO YOU SEE YOURSELF FTERWORK ON FRIDAY? y i Bring your peers and immerse in the cosy Caribbean ambience by the poolside. Unwind with 'live' music, juicy burgers and ice cold beers at Alligator Pear for a much-needed AFTER
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  • Page 33 Advertisements
    • 745 33 XDa a to 2? "Our partner in business and risk management." adTalk Catherine Lee Group CFO BreadTalk Group Ltd "Partnership that matters, always there to assist." BAKER Lim Ho Seng limited— Chairman of the Board Baker Technology Limited "Dependable business partner, always professional." CHARLES KEITH Dicky Koh CFO Charles Keith
      745 words

  • Page 34 Advertisements
    • 820 34 BEATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF AMADA LOGISTIC SINGAPORE PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION! (Company Registration No. *****3766D) NOTICE OF MEMBER'S VOLUNTARY LIQUIDATION Notice is hereby given that
      820 words
    • 209 34 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF FLINDERTON INTERNATIONAL PTE. LTD. (In Members’ Voluntary Liquidation) (Company Registration No. *****2180C) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to section 308(2) of the Companies Act, Cap. 50, that the FINAL MEETING of the
      209 words

  • Page 35 Advertisements
    • 794 35 MEWAH INTERNATIONAL INC. (Company Registration Number: CR-*****5) (Incorporated with limited liability in the Cayman Islands on April 18, 2006) Initial Public Offer is Now Open! SubscribeNOW! Global Brands, Local Favourites An integrated agri-business group focused on edible oils and fats Mewah has been in operation since the 1950s. One of
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  • Page 36 Advertisements
    • 1932 36 HARRY’S HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company Registration Number *****7226K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting of Harry’s Holdings Ltd. (the “Company”) will be held at Upstairs Boat Quay at 28 Boat Quay, Singapore *****8 on 13 December 2010
      1,932 words
    • 324 36 In the Matter of The Companies Act Cap. 50 and In the Matter of GALYE APPARELS MARKETING PTE LTD (Registration No. *****1020G) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 2 Alexandra Road, #07-02B Delta House, Singapore *****9 on Friday,
      324 words
    • 4 36 Cinema review, Page 47
      4 words

  • Page 37 Advertisements
    • 66 37 5 years 'SINGAPORE iff W: m 'e „20 10^ m y ■W w lore Chronograph ASIAN CONTEMPORARY MODERN ART, EINE JEWELLERY AND WATCHES Auction: Sunday, 21 November 2010, at 11.00 I Viewing: Saturday, 20 November 2010, at 10.00 Venue: Grand Copthorne Waterfront Hotel, 392 Havelock Road, Singapore BOROBUDUR FINE ART
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  • EDITORIAL & OPINION
    • 457 38 EDITORIAL CHINESE Vice-President Xi Jinping’s visit to Singapore this week marked 20 years of diplomatic relations between the two countries. The relationship, which has now matured, has proved to be mutually beneficial. As Mr Xi stressed, China is keen to reassure the world, particularly Asian countries,
      457 words
    • 765 38  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator IN China, victims whether of natural disasters, of criminals or of government malfeasance should always keep one thing in mind: things could get worse, much worse. If they try to
      765 words
    • 885 38  -  The lesson for us is that massive budget deficits and cheap credit are just stopgaps ROBERT SAMUELSON The Washington Post Writers Group [WASHINGTON] IT’S hard to remember now that in the 1980s Japan had the world’s most-admired economy. It would, people widely
      The Washington Post Writers Group; REUTERS  -  885 words
    • 1160 39  -  Re-engagement can help staff feel committed and highly motivated, while inspiring them to do and be their very best By GEORGE KOHLRIESER Professor George A Kohlrieser is professor of Leadership and Organisational Behaviour at IMD, the leading global business school based in Switzerland. He is author
      SINGAPORE WOMEN'S EVEREST TEAM  -  1,160 words
    • 915 39  -  WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own GENDER was absent from the Group of 20’s talks. That’s odd because it was on display everywhere. The G-20’s summit in Seoul last week featured what must be
      REUTERS  -  915 words


  • AVIATION/SHIPPING
    • 346 40  -  Aim is to keep Singapore ahead of the competition, says minister By NISHA NISHA RAMCHANDANI THE Civil Aviation Authority of Singapore (CAAS) is launching an aviation manpower programme (AMP) to help tackle the industry’s manpower challenges. With a $9 million budget over five years,
      346 words
    • 599 40 The number is nearly half the engines powering A380s AFP [SYDNEY] Rolls-Royce may replace up to 40 engines on Airbus A380 superjumbos flown by three airlines, Qantas said yesterday, after a mid-air explosion sparked safety fears over the world’s biggest passenger jet. The
      AFP; AFP FILE PHOTO  -  599 words
    • 3258 40 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi KU6457 1230 SQ456 1245 SQ457 1230 EY470 2200 Adelaide LH9771 1745 9W4082 2220 SQ278 1745 AF8088 2220 VS7278 1745 BA7382 2220 --JL5083 2220 MU8214 2220 QF82 2220 LH9770 2350 SQ279 2350 VS7279 2350 Amsterdam LO4031 0605 JX817 2220 SQ323
      3,258 words
    • 604 40 Reuters [SINGAPORE] China’s shipbuilding industry, holder of the world’s largest orderbook, will see dozens of small shipyards go under or get taken over next year, as a choppy wave of consolidation rocks an oversupplied market. Fuelled by vigorous government support and cheap labour,
      Reuters  -  604 words
    • 241 40 AFP [KUALA LUMPUR] Malaysia’s long-haul budget airline AirAsia X will launch a Kuala Lumpur-Paris route its second stop in Europe in February next year, the carrier’s chief executive said yesterday. The airline will start four direct flights to Paris’ Orly Airport weekly
      AFP  -  241 words
    • 278 40 SGX '000 Nov 18 S$ +/-Vol CH Offshore 0.49 -0.02 1365 Chuan Hup Hldg 0.23 unch 173 Cosco Corp 2.11 0.02 ***** CWT Ltd 0.93 -0.01 802 Ezra Hldgs 1.74 unch 3865 First Ship Lea 0.44 unch 428 Freight Links 0.09 0.01 ***** Grand Banks 0.45 unch 12
      278 words

  • SINGAPORE STOCKS
    • 9061 41 Week ended: Nov 18 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 18.5 unch 100 18.5 18.5 18.5 19 1.7 9.8 5.9 88.6 12 5 5834 A-Sonic
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    • 1730 42 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 4.5 4 5 25 4.3 225 130 6222 t APStrategic 162 157 162 96.1 4 0.5
      1,730 words
    • 9440 42 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.3/ APS Alpha Fund (USD)!** 1/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,440 words
    • 880 42 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 116 +1 10 116 116 113 115 529.5 1056 761 CIMBAsean40 100US$ US1037 1018 1024 41.5 335
      880 words
    • 254 42 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 6000 AVJennings A53 51 56 3.6 6.6 4.2 138 55 16 6017 Genting HK US$ US46 -0.5 ***** 47 45 45.5 46 3028.9
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  • FINANCE & COMMODITIES
    • 374 43 In local curr In S$ In US$ dy yr dy yr dy yr Nov 17 Index Change Change Change Change Change Change World Index Preliminary 857.5 0.2 3.0 0.2 -3.5 0.3 4.1 EAFE Preliminary 780.4 0.1 -0.6 0.2 -6.1 0.2 1.3 Europe Preliminary 1145.3 0.4
      374 words
    • 180 43 Nov 18 $S Offer Bid 0vernight 0.05 0.02 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.05 US$ Offer Bid 7 days 0.33 0.23 1 month 0.37 0.27 2 months 0.42 0.32 3 months 0.45 0.35 6 months 0.55 0.45 9 months 0.75 0.55 12
      180 words
    • 22 43 Nov 18 S$ Bid Offer 1-month 1.2984 1.2987 2-months 1.2984 1.2986 3-months 1.2984 1.2986 6-months 1.2983 1.2986 Source: OCBC
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    • 121 43 Nov 18 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.318 1.244 Can dollar 1.293 1.244 Euro 1.796 1.727 Sterling pound 2.107 2.026 NZ dollar 1.031 0.982 US dollar 1.32 1.27 Local dollars to 100 units of foreign
      121 words
    • 27 43 Nov 18 Open High Sett STI Nov 3214 SIMSCI Nov 374.2 378.8 378.3 Taiwan Nov 293.9 294.5 294.3 Source: MF Global (S) Pte. Ltd
      27 words
    • 66 43 Nov 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 10 3175 3335 3358 3145 382 3359 Jan 11 3195 3333 3337 3125 6468 ***** Feb 11 3190 3318 3318 3114 ***** ***** Mar 11 3185 3306
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    • 433 43 Nov 18 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6850 0 9461 Mar11 99.6000 0 2213 Jun11 99.4900 0 3224 Sep11 99.3700 0 2118 EUROYEN TIBOR FUTURES Dec10 99.6600 0 4448 Mar11 99.6600 0 1475 Jun11 99.6450 99.6450 99.6450 99.6600 100 1537 Sep11 99.6500 100
      433 words
    • 143 43 Nov 18 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 10 435.0 425.0 435.0 51 Jan 11 430.0 430.0 435.0 10 Feb 11 430.0 430.0 434.2 10 Mar 11 430.0 430.0 435.2 10 Apr 11 437.0 May 11
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    • 88 43 Nov 18 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 17.02.2011 0.29 1-Year BY*****N 01.11.2011 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.90 104.05 103.78 5-Year N*****0S 2.875 01.07.2015 107.49 107.72 107.40
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    • 107 43 Nov 17 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1205.00 1219.75 1232.25 1175.25 Mar 11 1212.00 1227.00 1239.75 1183.00 May 11 1211.25 1224.75 1237.75 1183.00 Jul 11 1211.75 1224.25 1237.25 1186.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 10 48.94
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    • 77 43 CRUDE OIL PRODUCTS Nov 17 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 84.53 -0.62 WTI (Near Mth) 80.37 -1.84 Dubai (1-Mth F) 82.10 -1.56 Tapis blend 88.30 -1.55 Minas 83.90 -1.55 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 86.56 unch Jet Kerosene 98.10 unch US$/barrel Opec Oil
      77 words
    • 2382 43 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2.5 unch 8486 1 3 2.20 1 6221 Asia-Pac Strategic W*****6 38.5 1 1 1 150 16 4.21 42 6227 ASJ Hldgs W*****1 3.5 unch
      2,382 words
    • 464 43 Nov 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.005 6.543 0.725 7.644 44.797 88.180 0.821 11.165 3.087 1.273 84.183 42.979 1.280 6.899 0.974 29.963 29.528 0.619 0.986 Canada 0.995 6.513
      464 words
    • 85 43 Nov 18 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 154 43 Nov 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2797 1.2805 0.9855 0.9860 Canadian dollar 1.2740 1.2745 0.9812 0.9814 Euro 1.7641 1.7652 1.3586 1.3592 NZ dollar 1.0050 1.0065 0.7740 0.7750 Sterling pound 2.0677 2.0686 1.5924 1.5928
      154 words
    • 139 43 Nov 18 GOLD (US$/oz) Nov 17 Nov 18 Hong Kong 1334.00 1357.00 Nov 16 Nov 17 London 1341.50 1339.65 1342.00 1340.45 Source: Thomson Reuters CAST BAR Nov 18 (S$) Selling Buying Kilobar 60,718.22 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 136 57 5gm 386 283 10gm 690
      139 words
    • 71 43 Nov 17 Nov 17 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2249.00 2214.75 3 months 2275.50 2242.00 Copper, Grade A (US$/tonne) Cash 8224.00 8167.50 3 months 8190.00 8150.00 Lead (US$/tonne) Cash 2240.50 2230.50 3 months 2265.00 2256.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • 82 43 Nov 17 COCOA (£/tonne) Close Prev High/Low Dec 10 1870 1840 1878/1833 Mar 11 1882 1861 1893/1852 May 11 1898 1879 1905/1871 Jul 11 1916 1897 1925/1898 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1852 1850 1850/1820 Jan 11 1858 1856 1869/1815 Mar 11 1870 1868 1881/1830 May 11
      82 words
    • 5724 44 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
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  • Page 45 Advertisements
    • 28 45 r FREIGHT FORWARDER urgently needed by shippers 1 Can they find your here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
      28 words

  • executive lifestyle
    • 1657 46  -  More financial institutions are realising that it makes good business sense to invest in tournaments, cash prizes, bankrolling youth development and grassroots golf programmes as well as grooming professional players, reports Justine Moss Justine Moss When financial services giant Barclays announced back in September that there would
      PHOTOS: BARCLAYS SINGAPORE OPEN, GETTY IMAGES,; PHOTOS: INDIAN SUBCONTINENT, WATSON LAU  -  1,657 words
    • CINEMA
      • 653 47  -  There is suspense, scariness and soul-searching in the latest Harry Potter movie to keep us entertained, reports GEOFFREY EU GEOFFREY EU GIVEN the frequency with which ill winds and various other forms of bone-numb-ing cold afflict Harry Potter and his pals in Harry Potter and
        REUTERS  -  653 words
      • 543 47  -  By DYLAN TAN Despite serving a five-year film-mak-ing ban, bad boy Chinese arthouse auteur Lou Ye has gone ahead and shot his latest movie Spring Fever on the sly. His last film, 2006’s Summer Palace touched a raw nerve with its references to the bloody
        543 words
      • 662 47  - Catch Buzz Gang in Blu wonder BLU-RAY By CHRISTOPHER LIM All good things come to an end but trilogies like the Toy Story films can be even more enjoyable to watch once you can see the elegance of a completed story arc. Toy Story 3 became the crowning glory of
        662 words
    • ARTS
      • 1047 48  -  Living World series will be Ju Ming’s last, writes WOON TAI HO WOON TAI HO THE sculpture is unmistakeable, but the artist’s identity may not be immediately apparent. Anyone walking or driving by the Singapore National Museum would have seen them five raggedy figures sitting on
        1,047 words
      • 531 48  -  By SANGEETHA MADHAVAN AT the post-show feedback session after last Saturday’s staging of The Blue Mug by Mumbai’s The Company Theatre at the Esplanade Theatre Studio, director Atul Kumar said that they were thinking of doing away with the surtitles for the Sunday show. He asked
        ESPLANADE  -  531 words
      • 447 48  -  By NATALIE KOH AS IF dealing with office politics, juggling work with personal life and dealing with frustratingly unhelpful automated voice recordings in telephone helplines doesn’t make your life difficult enough, throw in working with the office hunk who spends more time thinking about his butt
        447 words
      • AROUND TOWN
        • 420 48 TO make her topic friendlier and approachable, painter May Oon took the title of her third solo show from a picture of Minister Mentor Lee Kuan Yew having tea with China's with China's Mao Tse Tung in her series of portraits (above) of Mr Lee based
          420 words
        • 257 48 There's a good reason to trot over to the Singapore Art Museum (SAM) even if you're not an avid art lover. It's the first time 40 members of the local art and creative community have come together to re-invent museum products which in- clude the quirky
          257 words
        • 195 48 CHILDREN from three to 15 years old will get to experience the mystic of Middle Eastern folktales and learn some drama skills on the side when they join ACT 3 Drama Academy’s November-Decem-ber Holiday Theatre Workshops. based on intriguing Middle Eastern folktales, allowing the young to
          195 words
      • 673 49  -  SAM has set a new direction for contemporary art, says MADHVI SUBRAHMANIAN MADHVI SUBRAHMANIAN CONTEMPORARY art is fast changing, and museums and institutions the world over are working hard to keep pace with it. For its part, the Singapore Art Museum has set a new direction
        673 words
      • 1011 49  -  By CHEAH UI-HOON FOR museum-goers, the tendency once there are many imported “blockbuster” museum exhibitions in town is to go with a view to be wowed by the “rare” or unique artefacts themselves. When it comes to never-before-seen photographs, we’re often interested in what information it
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      • 401 49 SHOWING concurrently with the “It’s Now or Never show” is an exhibition from the Museum of Contemporary Art, Tokyo (MOT) called “Trans-Cool” at 8Q. This show features more than 40 works by 18 artists from MOT’s collection of art produced during the post-war period to postmodern
        401 words
    • MUSIC
      • 677 50  -  Simon Rattle is eager to showcase the Berlin Philharmonic’s artistic breadth when it makes its debut here, reports CHRISTOPHER LIM CHRISTOPHER LIM CLASSICAL music may drive audiophile recording techniques, but technology and the genre have been uneasy bedfellows outside of the sound recording realm. Next week, however,
        MAT HENNEK  -  677 words
      • 617 50  -  By DYLAN TAN SOMEBODY forgot to tell The Flaming Lips’ Wayne Coyne about the ban on crowd surfing at concerts here. Just as well, because if the frontman of the Oklahoma alternative band had known about it, we would never have had witnessed
        DOMINIC PHUA  -  617 words
      • 594 50  -  CD REVIEWS By CHRISTOPHER LIM BRANCHING off into solo careers is always a big step for established artists but when the formula’s right, the musical results can be brilliant. Finding the right approach can require a bit of trial and error, but none of this week’s artists
        594 words
    • PURSUITS
      • 1137 51  -  Spain’s informal and relaxed way of life makes winery touring fun, says N K Yong N K Yong WINERY touring in Spain always seems more fun than in Germany, Burgundy, Bordeaux, Tuscany, etc. One gets a sort of “happy holiday anticipation” when contemplating a Spanish winery tour. Not
        1,137 words
      • 509 51  -  GAMING REVIEW By CHRISTOPHER LIM CYNICISM in popular culture has fuelled the rise of the tragic anti-he-ro who doesn’t care about what the world thinks but ends up saving it anyway. There was actor Bruce Willis in the Die Hard movies, The Hulk character in comics and
        509 words
      • 654 51  -  By RICK WARNER FRANK Sinatra was a bundle of contradictions: a scrawny artist with a tough-guy image, an outspoken liberal-turned-stalwart Republican, a casual actor who won an Oscar, a notorious womaniser who lost the woman he loved most, and an American icon
        BLOOMBERG, FILE PHOTO  -  654 words
    • FESTIVALS AROUND THE WORLD
      • 1113 52  -  President Obama’s Diwali message could be seen as an indication of the increasing levels of global interest in the culture of India, says PARVATHI NAYAR PARVATHI NAYAR WE COULD start with the basic question: What is Diwali? The answer, interestingly enough, is supplied
        AFP; AP PHOTOS  -  1,113 words
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  • Page 49 Miscellaneous
    • 326 49 CRYPTIC CROSSWORD Across 1 Composer receives court decision (7) 5 Again use velocipede after he leaves here (7) 9 Georgia replaced headset in town (9) 10 Endless angry state, a place of unsurpassed beauty (5) 11 Anglo-Saxon layer of wood (5) 12 Joy ride (9) 13 High level board touch
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