The Business Times, 23 November 2010

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Microfilm: NL30955
Total Pages: 36
1 36 The Business Times
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  • Title Section
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    24 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|il A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, November 23, 2010
    24 words
  • Article, Illustration
    Lock icon Telco sues over ‘M1ssing M1llions'
    956 1  -  M1 says ex-employee embezzled $2m and splurged on Porsches, Rolexes, Audemars Piguets and $200,000 live stingray By MICHELLE QUAH [SINGAPORE] First there was the Lamborghini man, now there’s the Porsche man as yet another tale of suspected embezzlement and lavish spending comes to light. BT
    956 words
  • Article
    Lock icon Rainbow at the end of Irish bailout pot starts to fade
    730 1  -  By JOYCE HOOI [SINGAPORE] While the potato blight may have spread quickly and mercilessly in Ireland during the 1840s, investors are desperately hoping that the Irish bailout will stop a new type of blight from infecting global markets. While
    730 words
  • Article
    Lock icon MARKETS DIGEST
    145 1 H ST INDEX 3,190.92 (-6.45) H ST INDEX FUTURES 3,189 (-7) G SIMSCI 376.76 (+0.13) G SIMSCI FUTURES 376.60 (+0.80) FOREX US$ S$ US$ (S$ per US$) 1.295 (US$/S$ per 1.604 2.076 EURO (US$/S$/E) 1.373 1.777 Foreign currency per US$ S$ YEN 83.40 64.40 RM 3.104 2.397 HK$
    145 words
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      110 1 LEADERS’ PERSPECTIVE Thailand’s polyester king PAGE 36 SME Inc S’pore biotech firm’s exciting breakthrough PAGE 15 FOOTBALL Stanchart to bring Liverpool to Asia in 2011 PROPERTY CapitaLand rolls out 1,715-unit D’Leedon PAGE 35 PAGE 4 HUBLOT GENEVE rfc f! fflBjV'l J? m L OX HV. i 3 6V6 o 10
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      566 2 Telco sues over ‘M1ssing M1llions’ FIRST there was the Lamborghini man, now there’s the Porsche man as yet another tale of suspected embezzlement and lavish spending comes to light. BT has learnt that Singapore telco, M1, is suing a former employee for having allegedly made off with some
      566 words
    • Article
      Lock icon Mas Selamat’s relatives jailed for harbouring him
      849 2  -  He took shelter at his brother’s flat; his niece disguised him as a woman YESTERDAY IN PARLIAMENT By TEH SHI NING [SINGAPORE] Three relatives of Jemaah Islamiyah leader Mas Selamat Kastari have been sentenced to jail for harbouring him in their Tampines flat
      849 words
    • Article, Illustration
      Lock icon Tharman allays fears over US quantitative easing
      581 4  -  The US is not releasing US$600b into the markets all in one shot, he says YESTERDAY IN PARLIAMENT Reports by CHUANG PECK MING [SINGAPORE] The worry that the “quantitative easing” of the US Federal Reserve will suddenly flood Asian markets with liquidity and
      581 words
    • Article
      Lock icon Human failure in SLA supervision and audit
      523 4 Procurement rules and guidelines sound, review finds [SINGAPORE] Public-sector procurement rules and guidelines are not to be blamed for the multi-mil-lion dollar fraud unearthed recently at the Singapore Land Authority (SLA) and a related case involving a smaller sum at the Intellectual Property
      523 words
    • Article, Illustration
      Lock icon Stanchart to bring Liverpool to Asia next year
      418 4  -  By in WINSTON CHAI THE red tide of Liverpool Football Club is set to sweep across Asia for a second time in two years as part of team sponsor Standard Chartered Bank’s regional charm offensive for 2011. “I can confirm we will
      AP  -  418 words
    • Article
      Lock icon Malaysian output growth in Q3 a shadow of torrid Q2
      510 4  -  Sharp drop may lead to a stay on interest rate hikes, jump-start of big projects By S JAYASANKARAN MALAYSIA’S output growth slowed to 5.3 per cent in real terms in the third quarter a turn of events that will probably
      510 words
    • Article
      Lock icon HK hints at more property cooling moves
      392 4 Still, measures last Friday seem to have immediate impact AFP [HONG KONG] Financial Secretary John Tsang has hinted at further measures to cool the red-hot property market, as real estate agents reported a drop-off in sales after tough new rules were unveiled last
      AFP  -  392 words
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      474 2 KPMG Seminar Series SINGAPORE Date Monday, 10 January 2011 Time 9.00am 5.30pm Venue Orchard Hotel Singapore Seminar Fees Client/KPMG Alumni S$380 per participant Non-client S$430 per participant The fee is inclusive of GST at the prevailing rate, workshop materials, lunch and refreshments. Forms IR8A/IR21 Workshop 2011 If you are involved
      474 words
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      217 2 Tjtu HND THE ONES Ifcrt THAT FIT! 1 A r-J Recruit the right people through CATS Recruit. 1 Call 1800 289 8822 or email -v J J recruit@sph.com.sg to advertise. t J r> cl O-T SN k\\v W. P "3 Hi i 5SS fix World's Finest Serviced Offices A cost
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      6 2 More Parliament reports, Pages 4 14
      6 words
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      177 3 V t —F" *»<" -f- t <%" 4 A' t > a A» -4 <<•,* •>% Wtj 79 -> f >/ r! > i* V > 7, VW 71 t i j< Si- I r#« 2 t j <M N >* w w w I I H* H y. m
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      95 4 Looking for an Executive Coach to help you achieve your goals objectives? MindModel Lab www.davechong.com Tel: 6333 8777 Fantasy Waterbeds Pte Ltd Where Sleep Matters. No Pain, More Sleep Gained. With perfect lumbar, neck and back support, you can finally experience complete holistic sleep and all the benefits that come
      95 words
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      193 4 Legend of the Seas m OT3 K n V S» SlNIGHT MALACCA WEEKEND CRUISE Singapore Departure^OH Jan 8 &NIGHT Singapore Departures: 2010' Nov 26, Dec 3,10, 17 20 2011' Jan 14, 21, Feb 6 Ports-of-call: Singapore Penang Port Klang (Kuala Lumpur) #Chinese New Year sailing. 4-NIGHT ISLES OF SOUTHEAST ASIA
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      49 5 Don’t miss Breguet’s most famous watch. The wonderful Marie-Antoinette No1160 will be on display at the Breguet Boutique in The Shoppes at Marina Bay Sands, from Thursday November 25th, to Saturday November 27th. BREGUET BOUTIQUE B1-119 THE SHOPPES AT MARINA BAY SANDS 2 BAYFRONT AVENUE SINGAPORE +65 *****006 WWW.BREGUET.COM
      49 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Sabana Reit to snap up 3 properties soon
      812 6  -  World’s largest syariah-compliant Reit to raise $664m through its IPO REIT PLAYS By JAMIE LEE SABANA real estate investment trust (Reit) the first syariah-compliant Reit here expects to buy at least three more industrial properties in Singapore from its sponsor Freight Links
      WOO FOOK LEONG/LIANHE ZAOBAO  -  812 words
    • Article
      Lock icon Freight Links shares jump as Reit IPO draws closer
      147 6 Reuters [SINGAPORE] Shares of Freight Links Express, which is injecting some of its properties into Sabana Reit, rose as much as 17 per cent yesterday as it looks poised to cash in on the Reit’s initial public offering (IPO). Sabana, Singapore’s
      Reuters  -  147 words
    • Article
      Lock icon Ascendas Reit looks for assets beyond S’pore
      322 6  -  By EMILYN YAP ASCENDAS Real Estate Investment Trust (A-Reit), which at present owns industrial properties only in Singapore, is looking to acquire assets in the rest of Asia. Its manager has set up a representative office in Shanghai, China, and is also “actively
      322 words
    • Article
      Lock icon GLP gets ’buy’ calls from 3 houses
      516 6  -  By FELDA CHAY GLOBAL Logistic Properties (GLP), whose market presence has been warmly received by investors since the stock’s debut in October, appears to be getting the same treatment from analysts. Three houses initiated coverage of the stock with “buy” ratings yesterday, saying
      516 words
    • Article, Illustration
      Lock icon Senior staff fraud at Darco’s Taiwan unit
      600 8  -  Three allegedly embezzled NT$186.2m over 6-7 years By LYNN KAN THREE employees at Darco Water Technologies’ Taiwanese subsidiary allegedly embezzled a total of NT$186.2 million (or about $8.1 million) “systematically” for six to seven years. According to Darco’s CEO, the three main power
      600 words
    • Article
      Lock icon Dream run for high-yield bonds ends early this year?
      773 8 Investors book profits, scale back risks amid volatility ASIAN DEBT Reuters [HONG KONG] Choppy conditions took their toll on Asia’s primary markets in the second week of November as Indonesian oil and gas company Energi Mega Persada was forced to put
      Reuters  -  773 words
    • Article
      Lock icon Chemoil to buy Oceanconnect unit
      265 8 CHEMOIL Energy revealed yesterday that it was planning to make an acquisition that would also lead to top management changes. The company has entered into a letter of intent with Oceanconnect Holdings Inc (OC Holdings) to acquire its marine fuel group (MFG). The parties are
      265 words
    • Article, Illustration
      Lock icon Demand for S’pore govt bonds to rise
      746 8 Bloomberg DEMAND for Singapore’s government bonds may rise as mounting capital controls elsewhere in Asia drive funds to markets with the fewest constraints, according to Royal Bank of Scotland Group plc and Morgan Stanley. Record economic growth, a central bank that favours currency
      Bloomberg; BLOOMBERG  -  746 words
    • Article, Illustration
      Lock icon Switch out of SE Asian markets to N Asia: BNP
      526 12  -  Key drivers for re-rating are coming from Korea, China and Hong Kong By LYNETTE KHOO SINGAPORE’S likely success in efforts to rein in property prices and the negative impact of stronger exchange rate on overseas earnings of its index heavyweights
      FILE PHOTO  -  526 words
    • Article
      Lock icon How will SGX take to tougher Aussie tack?
      573 12  -  HOCK LOCK SIEW By R SIVANITHY IF THE Singapore Exchange manages to take over the Australian Stock Exchange, it’ll certainly be interesting to see how the two bourses align their regulatory frameworks, or if they’ll continue along separate paths. The approach here
      573 words
    • Article, Illustration
      Lock icon Ezra to buy four PSVs over next two years
      293 12  -  By LINETTE LIM OIL and gas shipper Ezra Holdings has announced US$130 million worth of additions to its fleet. The four multi-purpose platform supply vessels (PSVs) come “in the light of the positive outlook for the (oil and gas) sector”, it
      293 words
    • COMPANY BRIEFS
      • Article
        Lock icon Celestial Nutrifoods to delist
        96 12 CELESTIAL NUTRIFOODS said the Singapore Exchange has rejected its application for further extension of three months till Dec 15 to submit a trading resumption proposal. Instead, the SGX has exercised its power under listing rules to remove the company from the exchange. Accordingly, the company is
        96 words
      • Article
        Lock icon Koh Brothers wins river project
        81 12 KOH Brothers Group said that it has submitted the winning bid of $37.78 million for water agency PUB’s river project, running from Dunman Road to Guillemard Road. The project entails the construction of an estimated 830-metre-long by 26-metre-wide drain, reconstruction of two 3-cell box culverts
        81 words
      • Article
        Lock icon Thai Village net profit up 43%
        49 12 THAI Village Holdings said that its net profit for the fiscal year ended Sept 30, 2010 rose 43 per cent from a year ago to $2.73 million on improved consumer spending. Revenue was at $30.98 million, compared with $31.12 million a year ago.
        49 words
      • Article
        Lock icon China Healthcare unit wins Tianjin project
        94 12 CHINA Healthcare Limited announced yesterday that that its wholly owned subsidiary, Econ Hospitality Consultancy Pte Ltd, has been awarded a 2.5 million yuan (S$488,025) contract for consultancy services in the planning and construction of the proposed development of an apartment project in Tianjin Eco-City.
        94 words
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      283 6 i] li^isaisiiiiwsiSBSi: MINISTRY OF FINANCE REPUBLIC OF INDONESIA DIRECTORATE GENERAL OF TAXES DIRECTORATE OF TAX COUNSELLING SERVICE AND PUBLIC RELATION Jalan Jend. Gatot Subroto No. 40-42 Jakarta ***** Telepon *****08-*****09 Faksimili *****88 Website www.pajak.go.id ANNOUNCEMENT NUMBER: PENG-07/PJ.09/2010 ON INCOME TAX PAYMENT In order to enforce the rules and regulations on
      283 words
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      276 6 MATfS NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF ROCKET-X MEDIA PTE LTD (Incorporated in Singapore) (Company Registration No.: *****6843G) STATUTORY DECLARATION BY DIRECTORS OF COMPANY’S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES I, Marc Hamilton Thebaud Nicholson (NRIC No.: S*****28J)
      276 words
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      371 6 REALSTAR THE LEADING BUNGALOW SPECIALIST DreanniiRaradise! You Ganltjjindrt-Anywhere! lr>iqioo:B"8ooo $23-8M Land Nassim Road L: *****sf 1 ar c ft Chatsworth L- 3 oooosf Land Da Ivey L: ***** sf Binjai Raiik ILand nqe fronTST> L For Enquiry Pis Call: Serene 6100 0080 MA NOTICES knightfrank.com.sg/commercial AUCTION SALE OF DUTY UNPAID
      371 words
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      218 7 J PATEK PHILIPPE GENEVE Begin your own tradition. m 4 V i— Y (w, w I i ,r> "A /i"' A 3 rt> 13 rt n P cr CD N> 4^ on O 7/ 1200 steps to prod of even our simplest self-win As a family-owned watch that it never
      218 words
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      49 8 The Oei Tiong Ham Necklace A Magnificent and Historic Chinese Imperial Jadeite Bead Necklace Composed of 30 Beads Measuring Approximately 13.4 to 13.3 mm EstimatE Us$1,900,000–2,200,000 Exhibition 26–28 novEmbEr 2010 Grand hyatt honG KonG aUction in nEw yorK 9 dEcEmbEr EnqUiriEs in honG KonG +852 2822 8112 I sothEbys.com
      49 words
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      1156 9 abana SHARI’AH COMPLIANT REIT SABANA SHARI’AH COMPLIANT INDUSTRIAL REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted on 29 October 2010 under the laws of the Republic of Singapore) Both conventional and Shari’ah investors may apply! Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (“Sabana Shari’ah Compliant REIT”) is
      1,156 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Drying liquidity spells caution
      562 10  -  ST Index trades weaker throughout the session and closes 6.5 points lower STOCKS R SIVANITHY Senior Correspondent IF THE presence of plentiful liquidity provides ample support, then it follows that the absence of liquidity means the withdrawal of support. This much has been obvious from the
      Source: Bloomberg  -  562 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 10 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 10 Nov 22 VALUE CLOSE BT OB/OS -698.00-161.00 BT CADI -*****.00 -67.00 BT 10-day MA -*****.00 -69.00 FTSE ST Mid Cap 795.58 +2.81 FTSE ST Small Cap 575.56 +0.22 FTSE ST All Share 788.95 -0.81 FTSE ST China Top 294.80 +0.66 FTSE ST China 329.22 +0.10 FTSE ST
      65 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 10 VOLUME FreightLinks 127,497,000 Genting SP 53,100,000 MDR 44,521,000 TopGlobal 30,047,000 *Genting HK US$ 28,604,000 Golden Agri 22,894,000 GLP 19,308,000 Noble Grp 17,664,000 Roxy-Pacific 17,625,000 Transcu Grp 17,098,000 VALUE($) Genting SP 108,881,030 HK Land 65,028,896 UOB 53,300,460 Keppel Corp 50,076,020 CapitaLand 45,289,190 GLP 43,717,358 CityDev 39,431,060 DBS Grp
      58 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 3 0 0 0 8 3 3 Manufacturing 39 75 69 2 2 20 41 77 89 Commerce 16 19 24 3 6 3 19 25 27 Tpt/Stor/Comms 17 11 14
      186 words
    • BROKERS’ TAKE
      • Article
        Lock icon Singapore Strategy
        360 10 DBS Vickers Research, Nov 22 AFTER the Q3 FY10 results, we have revised up earnings in FY10 and FY11 for our basket of stocks by one per cent. Earnings growth estimates for DBS Coverage in FY10 and FY11 are now 21.2 per cent and 12.4 per cent respectively,
        360 words
      • Article, Illustration
        Lock icon Noble Group
        578 10  -  Nov 22 close: S$2.09 OCBC Investment Research, Nov 22 Compiled by LYNETTE KHOO NOBLE Group recently reported a strong set of Q3 FY10 results. We are turning positive on the stock in anticipation of earnings acceleration in FY11, as the group begins to reap the fruits of its
        Source: Bloomberg  -  578 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 13,458 13,458 62,488 62,488 Manufacturing 232,037 20,663 252,700 158,764 1,437 160,201 Commerce 82,859 4,956 87,815 107,600 507 108,107 Tpt/Stor/Comms 194,395 2,122 196,517 140,602 702 141,304 Finance 19,244 19,244 155,693 155,693 Construction 24,490 32,257 56,747 6,225
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      107 10 Stock name Close Change CapMallsAsia 2.080 CapitaLand 3.770 -0.030 CapitaMall 1.920 CityDev 12.580 -0.420 ComfortDelGro 1.550 DBS Grp 13.880 -0.020 F&N 6.340 +0.070 Genting SP 2.050 +0.010 Golden Agri 0.715 -0.005 HK Land 6.890 +0.040 JMH 46.600 -0.800 JSH 27.000 -0.560 Jardine C&C 38.020 -0.120 Keppel
      107 words
    • Article, Illustration
      Lock icon Euro falls vs dollar on contagion fears
      484 10 CURRENCIES Reuters [NEW YORK] The euro fell against the dollar yesterday, as brief optimism after Ireland sought a bailout gave way to concerns about possible contagion to other highly indebted euro zone states. The euro’s fall coincided with a rise in the premium
      Reuters; REUTERS  -  484 words
    • Article
      Lock icon RISES
      111 10 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 71.2 0.4 IS S&P500 ***** 51.8 0.3 DBXT SPASX200 10US$ 3313 27.2 0.6 DBXT CSI300 10US$ 1079 24.6 1.8 DBXT MSINDO 10us$ 1482 20.7 1.1 OCC 5.1% NCPS 100 ***** 20.0 0.2 GLD 10US$ ***** 18.1 0.1 Keppel Corp 1104 16.0
      111 words
    • Article
      Lock icon FALLS
      125 10 BY CENTS CLOSE DOWN JMH 4660-103.6 -1.7 CityDev.ES.1011 1264 -96.0 -7.1 JSH 2700 -72.5 -2.0 DBXT S&P Short 10US$ 4731 -63.4 -1.0 CityDev 1258 -42.0 -3.2 DBXT FTVietnam 10US$ 3234 -23.3 -0.6 Asia Pac Brew 1840 -20.0 -1.1 OCBC Bk 5.1%NCPS 100 ***** -14.0 -0.1 Pru 500US$ 990 -12.9
      125 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 10 DAILY
      5 words
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      157 11 A s LlJ.- 4 y «ijv 1. f V IT MIGHT NOT BE YOUR FIRST TIME AT THE MONACO GRAND PRIX. J m IsS. mi BUT IT S THE FIRST TIME YOU'D WATCH IT FROM W as- N V. v. n a# i B ns <£ i A ft y
      157 words
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      144 13 You see prosperity. J m /V We show you how to get it With 38 years of experience in Asian markets and an unparalleled regional network, Kim Eng is Asia's leading independent stockbroker. Call 6231 6688 or visit www.kimeng.com.sg to get started on the road to prosperity. BEST LOCAL BROKERAGE
      144 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon H&M’s first SEA outlet to open here next year
      593 14  -  By MELISSA LWEE SWEDISH fast-fashion giant H&M Hennes Mauritz AB (H&M) announced yesterday that it will be making its foray into South-east Asia by opening a store in Singapore next autumn. “We look forward to opening our first store in South-east
      AP  -  593 words
    • Article, Illustration
      Lock icon Now you can bank at Citi at Orchard MRT
      490 14  -  It’s the bank’s 24th branch here and it’ll add 4 more in a year By SIOW LI SEN CITIBANK yesterday opened its 24th branch here and, over the next 12 months, will add four more, putting the heat on rivals in
      ARTHUR LEE  -  490 words
    • Article
      Lock icon Bill to deal with illegal employment practices
      486 14  -  It aims to heighten standards, reduce abuses with higher fines and jail time YESTERDAY IN PARLIAMENT By CHUANG PECK MING OPERATORS of illegal employment agencies will be slapped with a fine of up to $80,000, up from $5,000, and thrown into jail for
      486 words
    • IN BRIEF
      • Article
        Lock icon Efficiency key to SGX-ASX deal
        71 14 THE Monetary Authority of Singapore has to be persuaded that Singapore Exchange will stay efficient and transparent before it gives the green light for a proposed merger with the Australian Stock Exchange, Finance Minister Tharman Shanmugaratnam told Parliament yesterday. The deal, which would result in
        71 words
      • Article
        Lock icon Dispute mechanism for execs
        56 14 PARLIAMENT yesterday passed the Industrial Relations (Amendment) Bill to provide a new employment dispute mechanism for professionals, managers and executives. Apart from offering relatively inexpensive and speedy recourse to settle employment claims, the other novel feature of the dispute settlement scheme is its tripartite mediation process
        56 words
      • Article
        Lock icon Property Bill amended
        65 14 PARLIAMENT also approved the Residential Property (Amendment) Bill which will empower the government to slap a charge on foreign developers of landed residential development for any time extension beyond the project completion period, and to up the maximum fine for foreign owners who illegally sell landed residential
        65 words
      • Article
        Lock icon Inflation to hit 2.5-3% this year
        80 14 SINGAPORE’S inflation rate is tipped to hit 2.5-3 per cent this year and hover around 2-3 per cent in 2011, according to Senior Minister of State for Trade and Industry S Iswaran. Prices, which rose 0.9 per cent in the first three months of
        80 words
    • Article
      Lock icon Overcharged bus passengers to get refunds
      318 14  -  By SAMUEL EE EVERY week, about 1.4 per cent of the 24.24 million public transport journeys are overcharged while 0.43 per cent are undercharged, due to discrepancies in the distance between bus stops. The distance discrepancies that led to overcharging were found in 68
      318 words
    • Article
      Lock icon Aussie student wins Stanchart intern job
      290 14  -  By SIOW LI SEN AN acrobatic law student has beaten more than 1,190 applicants to be named “World’s Coolest Intern”. Australian Katherine Liew, from the University of Adelaide, South Australia who almost became a competition gymnast has blogged, video-ed and tweeted her way to
      290 words
    • Article
      Lock icon Ministry beefing up protection of women, children
      230 14 THE Ministry of Community Development, Youth and Sports has sought to further protect women and disaffected youths and children through amendments to the Women’s Charter and the Children and Young Persons Act. The two Bills, introduced in Parliament yesterday, take into consideration public
      230 words
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  • SME Inc
    • Article, Illustration
      Lock icon To market with a new drug
      925 15  -  Local biotech firm S*BIO hopes to release in 2013 its first drug that can treat cancers and auto-immune diseases, reports NISHA RAMCHANDANI NISHA RAMCHANDANI SINGAPORE’S first biotech company S*BIO hopes to release its first drug SB1518 which would be used for the treatment of
      TED CHEN/THE STRAITS TIMES  -  925 words
    • Article
      Lock icon Business confidence rises in Q3
      480 16  -  SBF-DP Info survey sees thinner profit margins across many of the industries over the next half year, reports FELDA CHAY FELDA CHAY BUSINESS sentiment among small and medium-sized enterprises (SMEs) has continued to improve, even though profit margins are expected to become thinner over the
      480 words
    • Article
      Lock icon Ireland, China news pull portfolio down
      429 16  -  By TEH HOOI LING UNCERTAINTIES over Ireland’s future and China’s moves to cool down its property market weighed on the markets in the past one week, resulting in our small cap portfolio slipping 1.6 per cent. The biggest loser was Tat Hong. The company
      429 words
    • Article, Illustration
      Lock icon S’pore CEO lauded for entrepreneurial efforts
      627 16  -  By CHEN HUIFEN ASIA Polyurethane (APU) CEO Erman Tan has become the first businessman from Singapore to be named in a regional award for young Chinese entrepreneurs. Mr Tan, who joined APU in 2000 when his father became ill, is one of the six
      627 words
    • Article
      Lock icon Tax treaties 101
      1338 16  -  They may be applied to avoid double taxation but authorities are alert to treaty shopping abuse COMMENTARY By LEE TIONG HENG,MARIAM LIM Lee Tiong Heng is a director of Tax Service and Mariam Lim a tax manager with Deloitte Singapore and South-east Asia. Mr Lee can be
      1,338 words
    • Article, Illustration
      Lock icon Charting a growth path
      1118 17  -  Pu Tien Singapore’s expansion drive dovetails a series of new outlets set up in the last three years, reports CHEN HUIFEN CHEN HUIFEN THE man who made Heng Hwa cuisine popular in Singapore now wants to reach out to more consumers, with plans to grow his
      YEN MENG JIIN  -  1,118 words
    • Article
      Lock icon Craft manning licences for life
      297 17 PRO-ENTERPRISE CHANGE THE Maritime and Port Authority of Singapore (MPA) has done away with the five-yearly renewal requirement for Harbour Craft Manning licences, so as to cut paperwork and administrative inconvenience for licence holders. More than 2,000 manning licence holders will benefit from the move
      297 words
    • Article, Illustration
      Lock icon Room to make a splash
      2636 18 THIS WEEK’S TOPIC Big firms, by virtue of their size, tend to be in the spotlight. In contrast, SMEs have fewer platforms to make their names and achievements known. Does this add to the challenges that SMEs face, and what initiatives would you recommend to
      REUTERS  -  2,636 words
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      137 15 Dedicated to being on-time. In all Europe's time zones. Europe stretches over 4,000 kilometers and covers 50 countries. So to deliver on our commitment, our central hub in Paris handles 700 flights per week, processing 61,500 documents and packages an hour. We even offer customs pre-clearance around the clock. All
      137 words
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      9 15 Pu Tien Singapore Charting a growth path PAGE 17
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      218 17 3* U "Just the boost I need to propel my vision further Khoo Beng Keat, Managing Director, MAJ Aviation S 'II "My OCBC business account now helps me build my brand as well as my company." Being in the aviation support industry, every maintenance activity is critical for safe aircraft
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  • Page 18 Advertisements
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      108 18 Voices Next week’s topic: “Is your company experiencing difficulty bringing in more foreign employees especially those on the S-pass and work permit? If so, what are you doing to mitigate or overcome the situation? If not, what do you think your firm has done right to by-pass the issue?” If
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      101 19 SSs X. Bh M v v 3 i JHHB .J '>■% ;v 7 --"i««u* > i. 4 k A. 9:/Srf*.< \W>tVv\ r !< f# 'Ai Jll a, r. i V-k, ir r ;•> 7 I r> PARMIGIANI Wgatti THE FASTEST WATCH IN THE WORLD. VIP Preview by Invitation only 23
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  • ECONOMY WATCH
    • Article
      Lock icon Kan’s aide calls for opening the country to free trade
      519 20 Furukawa warns against loss of future growth, job opportunities Bloomberg [TOKYO] Japan must “open the country” to free trade or risk continued stagnant economic growth and high unemployment, a senior adviser to Prime Minister Naoto Kan said. “Japan needs to
      Bloomberg  -  519 words
    • Article, Illustration
      Lock icon Fed policy may risk inflation: economics panel
      494 20 Reuters [WASHINGTON] Steps by the Federal Reserve to pump more money into the US economy through government bond purchases could stoke inflation, even though growth will remain moderate through 2011, a survey showed yesterday. The National Association for Business Economics (NABE) said that
      Reuters; REUTERS  -  494 words
    • Article, Illustration
      Lock icon Mediocre growth seen for world’s largest economies
      443 20 OECD chief says large budget deficits, high unemployment impeding long-term growth Reuters [HERZLIYA, Israel] The world’s largest economies look set to continue growing at a “mediocre” pace until at least 2013, due to high unemployment and large budget deficits, OECD director-general Angel Gurria
      Reuters; AFP  -  443 words
    • Article
      Lock icon Thailand sinks into technical recession
      465 20 Economy shrinks 0.2% in Q3; delays in rate hikes seen Reuters [BANGKOK] Thailand’s economy shrank 0.2 per cent in the third quarter after a 0.6 per cent contraction in the second, putting South-east Asia’s se-cond-biggest economy technically in recession and reducing chances of a rate
      Reuters  -  465 words
    • Article
      Lock icon S&P’s downgrade warning sends NZ currency reeling
      424 20 Reuters [WELLINGTON] Standard Poor’s (S&P) warned yesterday that New Zealand’s foreign currency rating could be downgraded if the country continues to pile up more foreign debt, sending its currency reeling by a full US cent. The ratings agency said it was revising New
      Reuters  -  424 words
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  • Page 21 Advertisements
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      819 21 I 9 J ■A£,' 1/ M v* F* ~r r f I Purerxess *j Inhaled 0 n ov,r C~ /uxJ-hrC-2/ to a good night's sleep with novita Aroma Diffusers Essential Oils SLEEP DEPRIVATION IN THE CITY Many of us do not get the daily six to eight hours of sleep
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon CIMB Group posts record third-quarter net profit
      378 22 CIMB will focus on Indonesia, regional capital markets in the year ahead Reuters [KUALA LUMPUR] Malaysian lender CIMB Group Holdings Bhd posted a 26 per cent jump in third quarter profit to a record, driven by its treasury and investment operations. “We remain
      Reuters; FILE PHOTO  -  378 words
    • Article
      Lock icon Indonesia to receive US$800m from World Bank
      295 22 Xinhua [JAKARTA] The World Bank will provide US$800 million to support the country’s economic reform programmes and improve its investment climate, local media reported yesterday. The assistance would be disbursed in two packages, the first package would disburse US$600 million to support Indonesia’s
      Xinhua  -  295 words
    • Article
      Lock icon Malaysia to conclude more FTAs by 2012: official
      277 22 Bernama [KUALA LUMPUR] Malaysia aims to conclude more Free Trade Agreements (FTAs) by 2012, says the Ministry of International Trade and Industry Deputy Secretary-General, Rebecca Fatima Sta Maria. “There is so much on our plate right now. We want to conclude as
      Bernama  -  277 words
    • Article
      Lock icon Another big M’sian property merger in the works
      412 22  -  M’sian Resources Corp, IJM Land shares have been suspended By PAULINE NG ANOTHER merger between two property groups looks to be in the works after Malaysian Resources Corporation Bhd (MRCB) and IJM Land asked for share trading suspensions yesterday pending a material
      412 words
    • Article
      Lock icon Indonesian rock star goes on trial amid media storm
      476 22 AFP [BANDUNG] An Indonesian rock star went on trial yesterday charged with distributing two home-made sex videos on the Internet, in a case that has shocked and fascinated the country in equal measure. Nazril Ariel, 29, appeared at the closed-door trial
      AFP  -  476 words
    • Article
      Lock icon Deal with Vale can still proceed: Integrax CEO
      826 22 [PETALING JAYA] Amin Halim Rasip, the co-chief executive officer of port operator Integrax Bhd, is still holding out hope that a deal with Brazil’s Vale International SA to provide transshipment services for ironore cargo can still be cut despite the agreement between
      826 words
  • Page 22 Advertisements
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      26 22 -s-sm Lianhe Zaobao Hot money in Hong Kong's property market flows to commercial sector A L\j 7<7| 4u2lj To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Unlikely candidate in Indian graft scandal
      560 23 NYT [NEW DELHI] He was a small-town lawyer from a regional political party in a southern Indian state. By almost any measure, Andimuthu Raja, who had no background in telecommunications or in business, seemed an unlikely candidate to be the government minister presiding over
      NYT; AP FILE PHOTO  -  560 words
    • Article, Illustration
      Lock icon China rescues all 29 trapped in flooded coal mine
      460 23 AFP [BEIJING] All 29 people trapped in a flooded coal mine in south-western China were pulled to safety yesterday, state media reported, in a rare bit of good news for the country’s acci-dent-prone mining sector. China Central Television broadcast live images
      AFP; AP  -  460 words
    • Article
      Lock icon China urged to widen yuan’s trading band to curb inflation
      458 23 Conditions are right for cooling prices despite worries over rising food costs, says planning agency Reuters AP [BEIJING] China should widen the yuan’s trading band and quicken the pace of currency reform to help tame imported inflation, an academic adviser
      Reuters; AP  -  458 words
    • Article
      Lock icon Feuding China Internet firms made to apologise
      324 23 AFP [BEIJING] Two of China’s leading Internet firms have been forced by the government to issue public apologies over a nasty spat marked by accusations of unfair market practises and privacy infringement. Tencent, parent company of the popular instant messaging service QQ, and
      AFP  -  324 words
    • Article
      Lock icon Bolton bullish on China consumer stocks
      369 23 He includes S Korea, S’pore, Taiwan firms with China exposure AFP [HONG KONG] Britain’s most feted investor, Anthony Bolton, yesterday forecast that China’s economy would slow, but said that funds taking a punt on its consumer stocks would still be rewarded as millions of
      AFP  -  369 words
  • Page 23 Advertisements
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      475 23 BEDB BRUNEI DARUSSALAM THE BRUNEI ECONOMIC DEVELOPMENT BOARD Open Invitation for Investment Proposals To Develop and Maintain Integrated Community Facilities at Kuala Belait, Brunei Darussalam The Brunei Economic Development Board (BEDB) invites investment proposals from local and international developers to develop and maintain integrated community facilities in Kuala Belait, Brunei
      475 words
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  • WORLD
    • Article, Illustration
      Lock icon Japan steps up pledges to halt yen’s advance
      538 24  -  Move comes after Nissan reveals plans to shift new output to US and China B y ANTHONY ROWLEY JAPANESE government ministers yesterday stepped up pledges to prevent the yen appreciating after Carlos Ghosn, chief executive officer of Nissan, revealed plans by Japan’s
      BLOOMBERG  -  538 words
    • Article
      Lock icon Japan-China islet spat seen taking a turn for the worse
      428 24 Tokyo is reportedly placing troops closer to collision spot Bloomberg [TOKYO] Japan may further damage already frayed relations with China if it moves military forces closer to a group of islets claimed by both nations, said Jeff Kingston, director of
      Bloomberg  -  428 words
    • Article
      Lock icon Medical bills and illness plunge millions into poverty every year
      547 24 AFP [BERLIN] More than 100 million people are plunged into poverty every year by illness or “catastrophic” medical bills, the World Health Organisation said yesterday, launching a global drive for universal health care. “In my view, universal coverage is an
      AFP  -  547 words
    • Article
      Lock icon Korea calls on Asia to back its bid for soccer World Cup
      322 24 Reuters [SEOUL] South Korea have launched an attempt to rally Asia around its 2022 World Cup bid, claiming it will boost political stability in the region. Fifa vice-president Chung Mong-joon will lobby Japan, Australia and Qatar in order
      Reuters  -  322 words
    • Article
      Lock icon Hana set to clinch deal to buy US$4b KEB stake: source
      714 24 Offer a blow to ANZ and hurdle in sale of govt’s stake in Woori Reuters [SEOUL] Hana Financial Group Inc is set to clinch a deal to buy a 51 per cent stake in Korea Exchange Bank (KEB) worth
      Reuters  -  714 words
    • Article, Illustration
      Lock icon Japan minister quits after his ‘easy job’ joke backfires
      447 24 AFP [TOKYO] Japan’s Justice Minister Minoru Yanagida resigned yesterday after his quip that his job was easy sparked howls of outrage and threats of parliamentary stalling tactics from the conservative opposition. Centre-left Prime Minister Naoto Kan whose media poll ratings have
      AFP  -  447 words
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  • AVIATION
    • Article
      Lock icon Qantas not to blame for oxygen bottle explosion
      694 25 But Aussie probe fails to nail down cause of incident AP [CANBERRA] An oxygen bottle explosion that tore a hole in a Qantas jumbo during a flight two years ago was a unique event that is extremely unlikely ever to happen again,
      AP  -  694 words
    • Article, Illustration
      Lock icon TSA to make screening at US airports ‘minimally invasive’
      830 25 But the agency isn’t changing policies regarding full-body scans, pat-downs AP [WASHINGTON] The head of the US agency responsible for airport security, facing protests from travellers and pressure from the White House, appeared to give ground on Sunday on his position
      AP; AFP  -  830 words
    • Article
      Lock icon Cebu Pacific increasing flights to cities in Asia
      221 25 Xinhua [MANILA] Philippine budget carrier Cebu Pacific is increasing flights to several international destinations in the next few months on the back of the growing travel demand in the East Asian region. “With our increased frequencies, guests have more opportunities to travel
      Xinhua  -  221 words
    • Article
      Lock icon Rolls-Royce wins US$1.8b Air China order
      137 25 Reuters [LONDON] British enginemaker Rolls-Royce said yesterday it had won a US$1.8 billion order from Air China to provide engines to power 20 new aircraft, its second major order from China this month. Rolls-Royce will provide Trent XWB engines to 10 Airbus A350 XWB
      Reuters  -  137 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3178 25 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 KU6458 1425 SQ458 1425 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 MU8213 1830 QF81 1830 Ahmedabad NH6292 1850 SQ530 1850 Amsterdam LO4031 0605
      3,178 words
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      3359 26 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.
      3,359 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      316 25 CRYPTIC CROSSWORD Across 1 Sources of food for worried debtors? Yes! (6,4) 6 Charges and escapes without bail, ultimately (4) 9 Hour regularly ignored by depressed holy man (5) 10 Stuck after heavy fall in winter (9) 12 Groups who might seek out political organisations (6,7) 14 Looked across the
      316 words
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  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      27 26 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 TIMES
      27 words
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  • SHIPPING
    • Article
      Lock icon Germany holds first piracy trial in 400 years
      493 27 10 Somalians face jail of 15 years; youngest said to be 17 and oldest, 48 AFP [HAMBURG] Ten alleged Somali pirates went on trial in Germany yesterday facing 15 years in prison, but industry players believe that the case would do little
      AFP  -  493 words
    • Article
      Lock icon Pirates board tanker off Nigeria
      147 27 AFP [MOSCOW] Pirates yesterday attacked a Russian-owned oil tanker off the coast of Nigeria but left the vessel without causing significant damage, the company said. The pirates attacked the NS Spirit, owned by the Russian Novoship company, at 1.49 am Moscow time, as it was
      AFP  -  147 words
    • Article, Illustration
      Lock icon Researchers drill for secrets under Dead Sea
      551 27 Sediments could help climate change, earthquake studies Reuters [EIN GEDI, Israel] From a barge floating above the deepest point on earth, a research team hopes to drill through half a million years of history to uncover secrets of climate change and natural disasters.
      Reuters; REUTERS  -  551 words
    • Article
      Lock icon Risk of Al-Qaeda attacks in Strait of Hormuz
      275 27 US blames group for blast on Japanese tanker in July Reuters [DUBAI] A Japanese oil tanker damaged in July near the Strait of Hormuz shipping lane was attacked by an Al-Qaeda linked group that could carry out more such attacks in the
      Reuters  -  275 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 27 SGX '000 Nov 22 S$ +/-Vol CH Offshore 0.49 -0.01 832 Chuan Hup Hldg 0.23 unch 7 Cosco Corp 2.12 0.04 ***** CWT Ltd 0.93 unch 253 Ezra Hldgs 1.74 0.02 4806 First Ship Lea 0.44 unch 215 Freight Links 0.10 0.01 *****7 Grand Banks unch unch 0
      278 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Rolls-Royce has to contain engine problem
      483 28 EDITORIAL AFTER the Nov 4 incident involving a Qantas Airbus A380 which returned to Changi Airport after an engine explosion, the aviation world’s eyes were focused on, first, Airbus itself and then on the maker of the plane’s Trent 900 engines, Rolls-Royce. The incident
      483 words
    • Article, Illustration
      Lock icon EU dreams on about its values and world reach
      797 28  -  THE BOTTOM LINE SHADA ISLAM Brussels Correspondent CONVENTIONAL wisdom in Europe has it that President Barack Obama came back from his Asian tour a chastened man, having received a political thrashing in the mid-term elections but then also failing to push
      797 words
    • Article, Illustration
      Lock icon Time to take a holistic view of health in Asia
      1013 28  -  We should adopt ideas specifically tailored for healthcare solutions needed in the region By JEREMY LIM SEETHARAM KALLIDAIKURICHI Jeremy Lim is chair, SingHealth Centre for Health Services Research, and Seetharam Kallidaikurichi is director, NUS-Global Asia Institute ASIA has two faces.
      REUTERS  -  1,013 words
    • Article, Illustration
      Lock icon Robust wealth management ecosystem
      1000 29  -  Singapore’s appeal as a global investment centre starts with an astute strategy to build strong foundations DEEPAK SHARMA The writer is chairman of Citi Private Bank By DEEPAK SHARMA SINGAPORE often comes up for criticism at wealth management forums when money laundering and tax evasion are
      REUTERS  -  1,000 words
    • Article, Illustration
      Lock icon Bernanke shouldn’t force-feed other countries with US policies
      901 29  -  WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own Bloomberg SUSPICIONS that the Federal Reserve’s moves won’t save the US are often based on events in Tokyo. Round Rock, Texas, may be a better place
      Bloomberg; AFP  -  901 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8950 30 Transaction date: Nov 22 52-wks Tel Last Vol Day Last Quote Div Gr Yld 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 -0.5 20 18.5 18.5 18.5 19 1.7 9.8 5.9 88.6 12 5 5834
      8,950 words
    • Article
      Lock icon SGX CATALIST
      1686 31 52-wks Tel Last Vol Day 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 4.5 25 4.3 225 130 6222 t APStrategic 162 156 160 96.1 4 0.5
      1,686 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9446 31 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 0.946/0.946 AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,446 words
    • Article
      Lock icon SGX ETF
      828 31 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 $mil 124 107 6389 ABF SG Bond ETF 116 112.1 116 529.5 1056 761 CIMBAsean40 100US$ US1024 +8 4 1024 1024 1024 1026 41 335
      828 words
    • Article
      Lock icon GLOBALQUOTE
      252 31 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 $mil 56 38 6000 AVJennings A53 51.5 56.5 3.6 6.6 4.2 138 55 16 6017 Genting HK US$ US45 -0.5 ***** 46.5 44.5 45 45.5 2963
      252 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 32 In local curr In S$ In US$ dy yr dy yr dy yr Nov 19 Index Change Change Change Change Change Change World Index Preliminary 869.2 0.0 4.4 0.1 -2.3 0.0 5.6 EAFE Preliminary 790.7 -0.2 0.7 -0.1 -4.9 -0.1 2.8 Europe Preliminary 1159.6 -0.3
      374 words
    • Article
      Lock icon INTERBANK RATES
      180 32 Nov 22 $S Offer Bid 0vernight 0.05 0.03 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 1/16 US$ 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
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 32 Nov 22 S$ Bid Offer 1-month 1.2943 1.2948 2-months 1.2943 1.2947 3-months 1.2943 1.2947 6-months 1.2942 1.2946 Source: OCBC
      22 words
    • Article
      Lock icon SICOM FUTURES
      143 32 Nov 22 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 10 439.0 439.0 439.0 22 Jan 11 438.0 Feb 11 438.2 Mar 11 436.0 Apr 11 438.0 May 11 440.0 440.0 440.0 10 Jun 11 440.0 440.0 440.0
      143 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 32 Nov 22 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 24.02.2011 0.30 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 103.89 103.92 103.92 5-Year N*****0S 2.875 01.07.2015 107.48 107.50 107.50
      88 words
    • Article
      Lock icon CHICAGO BOT
      107 32 Nov 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1201.50 1242.00 1233.50 1200.00 Mar 11 1209.00 1249.25 1263.25 1209.00 May 11 1210.00 1248.50 1261.00 1209.00 Jul 11 1212.00 1250.00 1241.00 1212.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 10 48.96
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 32 CRUDE OIL PRODUCTS Nov 19 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 84.22 -0.59 WTI (Near Mth) 81.52 -0.38 Dubai (1-Mth F) 83.05 1.12 Tapis blend 89.65 1.15 Minas 85.05 1.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 86.78 0.56 Jet Kerosene 96.85 0.85 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 32 Nov 22 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.325 1.25 Can dollar 1.297 1.248 Euro 1.813 1.744 Sterling pound 2.111 2.03 NZ dollar 1.04 0.991 US dollar 1.314 1.264 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon STOCK INDEX FUTURES
      29 32 Nov 22 Open High Sett STI Nov 3193 3193 3189 SIMSCI Nov 375.9 377.5 376.6 Taiwan Nov 295.3 299.6 298.3 Source: MF Global (S) Pte. Ltd
      29 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 32 Nov 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.007 6.596 0.724 7.704 45.033 88.695 0.829 11.183 3.083 1.281 84.965 43.642 1.286 6.933 0.986 30.074 29.729 0.620 0.993 Canada 0.993 6.547
      464 words
    • Article
      Lock icon SIBOR
      85 32 Nov 22 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 32 Nov 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2856 1.2866 0.9932 0.9937 Canadian dollar 1.2762 1.2772 0.9859 0.9864 Euro 1.7767 1.7776 1.3726 1.3729 NZ dollar 1.0038 1.0049 0.7755 0.7761 Sterling pound 2.0754 2.0766 1.6034 1.6038
      154 words
    • Article
      Lock icon PRECIOUS METALS
      139 32 Nov 22 GOLD (US$/oz) Nov 19 Nov 22 Hong Kong 1360.50 1362.80 Nov 18 Nov 19 London 1354.25 1349.20 1355.00 1350.20 Source: Thomson Reuters CAST BAR Nov 22 (S$) Selling Buying Kilobar 60,901.19 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 136 57 5gm 387 284 10gm 692
      139 words
    • Article
      Lock icon LONDON METALS
      69 32 Nov 19 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2232.50 2281.00 3 months 2260.00 2308.00 Copper, Grade A (US$/tonne) Cash 8427.00 8446.00 3 months 8404.00 8425.00 Lead (US$/tonne) Cash 2253.25 2290.50 3 months 2277.00 2315.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article
      Lock icon LIFFE
      82 32 Nov 19 COCOA (£/tonne) Close Prev High/Low Dec 10 1881 1935 1938/1878 Mar 11 1879 1931 1933/1877 May 11 1895 1945 1947/1895 Jul 11 1912 1962 1963/1910 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1889 1890 1913/1910 Jan 11 1910 1911 1919/1890 Mar 11 1920 1925 1935/1903 May 11
      82 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2409 32 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 unch 832 1 3 -9 2.75 1 6221 Asia-Pacific Strategic W*****6 34 -4.5 60 1 150 14 4.76 42 6227 ASJ Hldgs W*****1 3
      2,409 words
    • Article
      Lock icon PALM OIL
      65 32 Nov 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 10 3260 3308 3308 3252 123 2472 Jan 11 3299 3220 3313 3217 2260 ***** Feb 11 3270 3184 3298 3179 ***** ***** Mar 11 3260 3169
      65 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      433 32 Nov 22 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6925 0 9361 Mar11 99.6100 0 2213 Jun11 99.5150 0 3024 Sep11 99.4100 0 2018 EUROYEN TIBOR FUTURES Dec10 99.6600 0 4448 Mar11 99.6600 0 1475 Jun11 99.6600 0 1536 Sep11 99.6500 0 1430 Dec11 99.6550
      433 words
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  • PROPERTY
    • Article
      Lock icon HK property sales slide as tax deters buyers
      1263 33 HK’s currency peg to the US dollar prevents its central bank from raising interest rates to deter speculation Bloomberg [HONG KONG] William Yue was ready last week to pay about HK$11 million (S$1.83 million) for an apartment in Hong Kong’s Kowloon Tong
      Bloomberg  -  1,263 words
    • Article, Illustration
      Lock icon HK tax ‘treats symptoms’: Fidelity’s Bolton
      422 33 Bloomberg [HONG KONG] Fidelity International’s Anthony Bolton said Hong Kong’s move to raise stamp duties to counter surging home prices is “treating the symptoms”, and marks the start of “major changes” to how the city manages its economy. Financial Secretary John Tsang announced on
      Bloomberg; AFP  -  422 words
    • Article, Illustration
      Lock icon CapitaLand rolls out 1,715-unit D’Leedon on Farrer Rd
      349 35  -  Units in the District 10 project will mostly be priced north of $1,600 psf By UMA SHANKARI CAPITALAND has started marketing D’Leedon, the 1,715-unit, 99-year leasehold residential project it will build on the site of the former Farrer Court. The D’Leedon showflat
      349 words
    • Article
      Lock icon China’s luxury home prices to overtake HK’s
      576 35 China’s home price rose for a 17th month in Oct y-o-y Bloomberg [SHANGHAI] Shanghai and Beijing’s luxury home prices may increase 15 per cent each year to overtake Hong Kong in the next five to 10 years, said Joe Zhang, deputy head of
      Bloomberg  -  576 words
    • Article
      Lock icon China’s trust firms halt property loans: sources
      341 35 Reuters [BEIJING] Some of China’s top trust companies have halted property-related lending and investment following a regulatory order, four sources told Reuters yesterday. Seeing risks in rapid credit expansion to real estate projects, the China Banking Regulatory Commission (CBRC) last week instructed trust
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      Lock icon Prime retail rents here 14th highest globally
      282 35  -  By EMILYN YAP PRIME retail rents in Singapore dipped slightly in the third quarter but were still ranked the 14th most expensive in the world, up from 18th last year. According to CB Richard Ellis, the average prime retail rent here was US$473
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      517 33 SERENE HOUSE SERENE CENTRE Next to Botanic Gardens MRT Station (Circle Bukit Timah lines Interchange) Close to prestigious schools: Nanyang Pri, Raffles Girls' Pri, S'pore Chinese Girls', Hwa Chong Institution, etc. SERENE HOUSE Freehold residential site Land area: 39,828 sq ft approx. Adjoining state land: 9,192 sq ft approx. Plot
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  • INDUSTRIAL SPACE
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      Lock icon Flying start for Seletar Aerospace Park
      949 34  -  Seletar Aerospace Park is part of JTC’s larger mission to develop a dynamic industrial landscape in Singapore by fostering more collaboration between the government, private developers, and businesses, reports UMA SHANKARI UMA SHANKARI WORK to transform the sleepy surroundings of Seletar Airport into the
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      165 34 Let your aerospace business soar at the Business Aviation Complex Strategically located in the world-class, integrated and inspiring Seletar Aerospace Park, the Business Aviation Complex (BAC) is a 7-storey multi-tenanted building targeted at companies providing business aviation support services. Whether you are a new startup or an established business, BAC
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      71 35 BANK SALE The Azure (d Sentosa Orange Grove Residences AUCTION ON 9 DECEMBER 2010 Seafront penthouse with 4ensuites Approx. 3,164 sq ft 99 years wef 2005 Brand new, just TOP! Spectacular sea-facing ANNIE CHAN 9237 5332 SAU LAI 9181 1819 A New 4-bedroom penthouse Approx. 3,143 sq ft Freehold Unblocked
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      157 35 At,®®® 5 PARK @JURONG EAST ®iBW/sn™ Impressive Corporate Image with State yjj" of the Art Infrastructure. Beautiful Landscaping Exclusive environment equipped with full range of amenities for quick business set up Conveniently accessible via AYE and PIE Minutes away from Jurong East MRT and Bus Interchange mapleiree industrial For leasing
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      442 35 COLLECTIVE SALE ASIMONT BARKER (7,9 11 ASIMONT LANE) ASIMONT BARKER ASIMONT LANE Anglo-Chinese School Chanceiy Court DUNEARN RD Ideal for redevelopment into a low rise prime residential project. Residential Zone: 2-storey mixed landed Site Area: 4007.5sm (43,138 sq ft) approx. Title: Freehold Located along the prime end of Bukit Timah
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  • LEADERS' PERSPECTIVE
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      Lock icon Thailand’s polyester king
      2146 36  -  Aloke Lohia is the driving force behind IVL, the world’s biggest listed producer of PET, reports VIKRAM KHANNA VIKRAM KHANNA DURING the Singapore investment fair conference in August, a self-effacing Indian gentleman from Thailand made a brief introductory presentation on his company, Indorama Ventures Ltd (IVL). He
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      193 36 Performance Motors Limited Sheer Driving Pleasure pml-bmw.com.sg r BM 7887 THE SEVENTH PRINCIPLE WIELD POWER RESPONSIBLY. The defining mark of leadership is not about the power you possess, but how you wield it. True leaders never lose sight of this principle. Which is why the BMW 7 Series is engineered
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