The Business Times, 24 November 2010

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Microfilm: NL30955
Total Pages: 61
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, November 24,2010
    23 words
  • Article, Illustration
    Lock icon Korean shelling leaves Asian markets shocked
    609 1  -  Stocks plunge as conflict unfolds but some say correction overdue anyway By JAMIE LEE [SINGAPORE] Asian markets ran for cover yesterday as fresh attacks by North Korea on its estranged sibling stirred fears of an escalated conflict. But market watchers view the latest hit
    Source: AFP graphics  -  609 words
  • Article
    Lock icon MARKETS DIGEST
    144 1 H ST INDEX 3,126.30 (-64.62) H ST INDEX FUTURES 3,126 (-63) H SIMSCI 368.18 (-8.58) H SIMSCI FUTURES 367.50 (-9.10) FOREX US$ S$ US$ (S$ per US$) 1.311 (US$/S$ per 1.593 2.088 EURO (US$/S$/E) 1.357 1.779 Foreign currency per US$ S$ YEN 83.70 63.80 RM 3.136 2.392 HK$
    144 words
  • Article, Illustration
    Lock icon China buyers home in on S’pore properties
    670 1  -  Their presence is growing; more may come in as HK, China cool markets back home By EMILYN YAP [SINGAPORE] Home hunters from China are becoming a force to be reckoned with in Singapore, and their presence could grow further as the authorities on
    Source: URA, DTZ Research  -  670 words
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      96 1 EXECUTIVE MONEY Yuan credit funds are all the rage PAGE 34 INFLATION S’pore CPI hits 3.5% in October PAGE 10 HOCK LOCK SIEW GLP: So far so good, but watch the profit-taking PAGE 6 PARLIAMENT Cutting parent maintenance disputes PAGE 11 With bank deposits earning next to nothing, BT takes
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      2 1 *****1 *****4
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      236 1 ft FI rat) s "Excellence is following the unwritten rules handed down to us by our forefathers." Eduardo Fagliano, maker of polo boots, Hurlingham, Argentina Polo boots are always brown, never black, out of respect for the other players. The reason is that the polish you use to clean black
      236 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon US economy grew faster in Q3 than thought
      518 2 But 2.5% rate still below 3.5% rate needed to address unemployment LATEST US DATA Reuters [WASHINGTON] The US economy grew faster than previously estimated in the third quarter, government data showed yesterday, but still not enough to address stubbornly high unemployment. Gross
      Reuters; AFP  -  518 words
    • Article
      Lock icon Feeding the mood of US protectionism
      658 2  -  Economists examine factors that are testing US patience By TEH SHI NING [SINGAPORE] Persistently weak economic growth may force the United States to turn protectionist, Capital Economics said yesterday. The firm’s economists also expect the euro to fall to parity against the US dollar
      658 words
    • Article, Illustration
      Lock icon After fraud, M1 looks to automate processes
      632 2  -  By MICHELLE QUAH [SINGAPORE] Mobile and broadband operator, M1, says that it is continuing to review its processes including examining whether it ought to automate more of its processes following the discovery of the $2 million fraud perpetrated by its former account manager.
      632 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      589 2 China buyers home in on S’pore properties HOME hunters from China are becoming a force to be reckoned with in Singapore, and their presence could grow further as the authorities on the mainland and in Hong Kong clamp down on real estate speculation. Analysing the caveats lodged, DTZ
      589 words
    • Article
      Lock icon Malaysian property groups to merge, creating RM7b giant
      548 4  -  MRCB’s commercial segment to complement IJM’s residential expertise By PAULINE NG A PROPOSED merger between Malaysian property groups IJM Land and Malaysian Resources Corporation Bhd (MRCB) will produce one of the biggest players in the country with some RM7 billion (S$2.9 billion)
      548 words
    • Article, Illustration
      Lock icon Australia promises Japan the (rare) earth
      636 4  -  By ANTHONY ROWLEY JAPAN and Australia are to relaunch negotiations on a bilateral free trade agreement (FTA) early next year, it was announced yesterday, in a further sign that the Japanese government is intent on reform of the nation’s protected agricultural sector, despite strong
      AP  -  636 words
    • Article, Illustration
      Lock icon Party politics rocks Irish bailout boat
      615 4 AFP AP [DUBLIN] Ireland’s political turmoil intensified yesterday after Prime Minister Brian Cowen promised to call a general election next year once parliament passes a budget at the centre of an international bailout. It could take several weeks for the budgetary process to be
      AFP; AP; REUTERS  -  615 words
    • Article
      Lock icon ExxonMobil to raise ‘green’ diesel output
      557 4  -  Company may invest US$500m in new hydrotreater plant By RONNIE LIM [SINGAPORE] ExxonMobil with its US$11 billion Singapore refinery and petrochemicals facility already being its largest manufacturing site worldwide is adding yet another major diesel hydrotreater plant to ramp up production of “green” diesel
      557 words
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      81 words
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      208 3 ATTITUDE ALTITUDE 30 St Mary Axe (Gherkin), London Burj Khalifa, Dubai Singapore As one of the 20 tallest residential buildings in the world, Altez is a 250-metre high landmark of architectural elegance that is just a two-minute walk from Tanjong Pagar MRT station. Located in the promising vibrant waterfront precinct
      208 words
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      15 4 Eurozone in crisis, Page 16 Dublin should just default for next generation’s sake, Page 21
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      416 5 Citigold Your choice of research. Insights. Powered by Citi. At Citigold, we believe in conversations that matter to you. You will have access to weekly and monthly market outlook reports, keeping you abreast of global market movements. In addition, you can select in-depth research topics on different regions and sectors
      416 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon DBS retail preference shares shine in debut
      423 6  -  Shares close at $102.60 after hitting high of $102.80 By SIOW LI SEN DBS Bank’s 4.7 per cent retail preference shares debuted well yesterday on demand from investors who did not get their full allocation during the public offer. The preference shares rose
      423 words
    • Article, Illustration
      Lock icon Citi upgrades NOL as sector’s woes recede
      498 6  -  Shipping line’s target price raised from $1.80 to $2.40 By JOYCE HOOI AS the container sector’s woes begin to recede into the past, Neptune Orient Lines (NOL) has been upgraded to a “hold” from a “sell” in Citi’s latest report on the shipping
      BLOOMBERG  -  498 words
    • Article, Illustration
      Lock icon OCBC’s network approach to Greater China
      419 6  -  By CHEN HUIFEN OCBC will apply a network approach to grow its business in Greater China the mainland, Hong Kong and Taiwan. According to the bank’s global corporate banking head, Samuel Tsien, the network approach means that the bank will work even harder to
      FILE PHOTO  -  419 words
    • Article
      Lock icon GLP: So far so good, but watch the profit-taking
      806 6  -  HOCK LOCK SIEW By WONG WEI KONG AN 11 per cent surge in a month for a blue chip is nothing to sniff at, but that’s the sort of gains Global Logistic Properties (GLP) has chalked up since its trading debut
      806 words
    • Article, Illustration
      Lock icon PacNet still looking to go public
      413 7  -  Company expanding its submarine cable and data centre operations in region By WINSTON CHAI DESPITE raising US$300 million through a recent bond issue, an initial public offering (IPO) is still on the cards for PacNet as it continues to ramp up its submarine cable
      FILE PHOTO  -  413 words
    • Article
      Lock icon Conner’s deemed interest in OCBC up
      144 7 DAVID Conner, the chief executive officer of OCBC Bank, saw his deemed interest in the bank increase by 116,738 shares on Monday, leaving him with a total of 1,530,811 shares in which he has a deemed interest. The additional shares consist of 19,625 shares
      144 words
    • Article
      Lock icon Mewah’s IPO 1.9 times subscribed
      283 7  -  Public tranche saw subscription rate of 12.7 times By JOYCE HOOI SHARES in palm oil major Mewah International were subscribed about 1.9 times at the close of its initial public offer on Monday. The offer comprised 251.679 million shares at $1.10 apiece, including an international
      283 words
    • Article
      Lock icon Temasek taking a bite of Asia Citrus
      364 7  -  By LYNETTE KHOO TEMASEK Holdings is among eight institutional investors that are taking up shares worth a combined HK$1.554 billion (S$260 million) in China’s largest orange plantation owner and operator Asia Citrus Holdings. Listed in Hong Kong and on London’s AIM market, Asia
      364 words
    • Article
      Lock icon Philippine carrier to operate Tiger’s flights to Clarke
      347 9  -  SEAIR will launch more regional services using Tiger’s leased jets By VEN SREENIVASAN PHILIPPINE-BASED South East Asian Airlines (SEAIR) will take over Tiger Airways’ Singapore-Clarke flights from next month under a “franchise” arrangement that Tiger says will benefit both partners. Under the
      347 words
    • Article
      Lock icon Fresh departure, reshuffling at Biosensors
      319 9  -  By LYNN KAN ANOTHER member of stent producer Biosensors International’s senior ranks has left the company. The latest to make the move is senior vice-presi-dent Eric Loh Chee Mun, who handled investor relations. He left the company last Friday, after 10 years with it. It
      319 words
    • Article
      Lock icon MCL Land delisting: shareholders give nod
      226 9  -  By JOYCE HOOI MCL Land’s shareholders approved its proposed voluntary delisting move in an extraordinary general meeting yesterday, the company announced. The acceptance satisfies the condition for the exit offer made by MCL Land’s parent company, Hongkong Land. Hongkong Land, which owns 79 per
      226 words
    • Article
      Lock icon Straits Trading unit wins stay order
      445 9  -  By FELDA CHAY THE Straits Trading Company’s wholly owned subsidiary Rendezvous Hotels International (RHI) has obtained a stay against all proceedings in relation to its alleged repudiatory breach of a lease agreement with Ma-laysian-based developer Taragon Capital Malaysia Sdn Bhd. The stay was ordered
      445 words
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      161 words
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      143 7 (jty^WWA&XL ~J~hsL- f^4/vc£ijU/j. ■j&im* u r: a Extreme is only just the beginning. One look at its iconic styling and your heart already starts to race. Take immense pleasure in the thrilling rumble of its 621bhp W12 twin-turbocharged engine as it propels you from 0-100km/h in a mere 3.9 seconds.
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon QE’s shine dulled by China, Europe
      576 8  -  ST Index slumps from two-year high of 3,300 some two weeks ago to four-week low of 3,126 STOCKS R SIVANITHY Senior Correspondent ALITTLEovertwoweeks ago, on Nov 8, the Straits Times Index (STI) rose 60 points to a then-two y ear h i g h
      Source: Bloomberg  -  576 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      63 8 Nov 23 VALUE CLOSE BT OB/OS -1179.00-481.00 BT CADI -*****.00-327.00 BT 10-day MA -*****.00-118.00 FTSE ST Mid Cap 782.16 -13.42 FTSE ST Small Cap 562.68 -12.88 FTSE ST All Share 773.29 -15.66 FTSE ST China Top 288.11 -6.69 FTSE ST China 324.77 -4.45 FTSE ST Catalist 1108.34
      63 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 8 VOLUME Genting SP 230,306,000 Golden Agri 77,043,000 Gallant 75,797,000 TopGlobal 65,363,000 HLH Grp 60,834,000 *Genting HK US$ 57,291,000 MDR 40,574,000 China Hongxing 35,518,000 GMG Global 33,488,000 Transcu Grp 30,861,000 VALUE($) Genting SP 456,881,950 Wilmar 105,258,150 Keppel Corp 66,065,570 UOB 65,601,876 DBS Grp 57,591,621 Golden Agri 53,681,625 CapitaLand
      59 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 13 3 0 0 0 2 13 3 Manufacturing 25 108 59 5 8 16 30 116 75 Commerce 3 43 21 0 9 5 3 52 26 Tpt/Stor/Comms 3 31 9
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Mapletree Logistics Trust
        453 8 Nov 23 close: $0.895 OCBC Investment Research, Nov 23 MAPLETREE Logistics Trust (MLT) was focusing on inorganic growth for the most part of 2010. The latest acquisition was the Toki Logistics Centre for $16.2 million. Year-to-date, MLT has completed the acquisition of 11 properties at net property
        Source: Bloomberg  -  453 words
      • Article
        Lock icon Singapore Hospitality Sector
        523 8  -  DBS Vickers Research, Nov 23 Compiled by LYNETTE KHOO AS WE approach the year-end holiday season, year-to-date (YTD) arrivals of 8.6 million visitors stand within 69-75 per cent of the Singapore Tourism Board’s target of 11.5 million-12.5 million, which we believe is achievable. Visitor arrivals in the
        523 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 96,942 96,942 114,848 114,848 Manufacturing 381,767 30,578 412,345 349,108 2,960 352,068 Commerce 101,410 29,132 130,542 129,888 2,609 132,497 Tpt/Stor/Comms 136,063 3,277 139,340 215,536 612 216,147 Finance 27,900 27,900 245,119 245,119 Construction 104,896 79,406 184,302 12,737
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 8 Stock name Close Change Stock name Close Change CapMallsAsia 2.050 -0.030 CapitaLand 3.710 -0.060 CapitaMall 1.880 -0.040 CityDev 12.200 -0.380 ComfortDelGro 1.510 -0.040 DBS Grp 13.800 -0.080 F&N 6.180 -0.160 Genting SP 1.950 -0.100 Golden Agri 0.685 -0.030 HK Land 6.900 +0.010 JMH 45.300 -1.300 JSH
      114 words
    • Article, Illustration
      Lock icon Euro under pressure, GDP boosts dollar
      474 8 CURRENCIES Reuters [NEW YORK] The dollar rose for a second straight day yesterday, as fears mounted that Ireland’s debt crisis could spread to other weaker members of the euro zone. Comments by German Finance Minister Wolfgang Schaeuble that the single currency was at stake
      Reuters; AFP  -  474 words
    • Article
      Lock icon RISES
      111 8 BY CENTS CLOSE UP IS DJ US Tech 6188 123.2 1.5 DBXT S&P Short 10US$ 4800 90.4 1.5 DBXT FTVietnam 10US$ 3302 89.1 2.1 GLD 10US$ ***** 40.6 0.2 Great Eastern 1588 8.0 0.5 SIMSCI385MBePW*****1 41 8.0 24.2 OCBC Bk 4.5%NCPS 100 ***** 6.0 0.1 Gallant 30.5 5.0 19.6
      111 words
    • Article
      Lock icon FALLS
      114 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-418.0 -2.4 DBXT iBoxxKR 5US$ *****-221.5 -1.4 DBXT MSKorea 10US$ 5305-176.9 -2.5 JMH 4530-170.4 -2.8 DBXT SPASX200 10US$ 3203-144.2 -3.3 IS S&P500 *****-136.3 -0.9 DBXT FTChina25 10US$ 3178-116.6 -2.7 Jardine C&C 3702-100.0 -2.6 JSH 2640 -78.6 -2.2 DBXT MSJAP 10US$ 3794 -66.8
      114 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      1153 9 Hurry! IPO closes 6:00pm today Subscribe NOW! 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
      1,153 words
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  • SINGAPORE NEWS
    • Article
      Lock icon October CPI up 3.5% on higher car, home prices
      373 10  -  Inflation slightly lower than September’s 3.7% increase By TEH SHI NING SINGAPORE’S inflation eased a little in October, though economists still expect it to exceed 4 per cent by the end of this year. October’s consumer price index (CPI) rose 3.5
      373 words
    • Article
      Lock icon Island Power set to close $850m debt package
      463 10  -  The financing is for its $1.2b Jurong Island cogen plant By RONNIE LIM NEW power player Island Power is set to close shortly its long-term debt package of around $850 million for its $1.2 billion cogeneration plant on Jurong Island. This completes
      463 words
    • Article
      Lock icon EC housing land prices bouncing back?
      652 10  -  PROPERTY BY KALPANA RASHIWALA THERE appears to have been a rebound in the pricing of executive condominium (EC) housing land. A tender for an EC site at Tampines Avenue 8 yesterday drew a top bid of $302.14 per square foot per plot ratio (psf
      652 words
    • Article
      Lock icon Savills to boost property investment advisory biz
      341 10  -  By UMA SHANKARI SAVILLS Singapore is embarking on a push to grow in Singapore by beefing up its property investment advisory business and its residential marketing arm. The Singapore unit of London-listed Savills plc is now helmed by the group’s South-east Asia chief
      341 words
    • Article, Illustration
      Lock icon Asia Square’s Tower 1 over 50% leased at premium rents
      394 10 ASIA Square’s Tower 1 is more than 50 per cent leased at rents which are a premium over the market rate, developer MGPA said in an update yesterday. For example, new tenants looking to take up space in one of
      394 words
    • Article
      Lock icon Taiwan plays China card in wooing investors here
      470 10  -  Minister cites how quickly cross-strait ties have improved By CHEN HUIFEN TAIWANESE companies on a two-day visit here have found complementary strengths in Singapore companies, even though they may compete in similar industries, according to Taiwan’s Minister of Council for Economic Planning
      470 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon HSBC names new head of commercial banking
        70 10 THE Hongkong and Shanghai Banking Corporation Limited (HSBC) Singapore will have a new head of commercial banking, Willie Tham, come January next year. Mr Tham is currently HSBC’s chief executive officer in Thailand, a post he has held since November 2007. He first
        70 words
      • Article
        Lock icon Innovative employer award for PUB, NUH
        60 10 AARP, formerly the American Association of Retired Persons, bestowed the Public Utilities Board and the National University Hospital with the ‘Innovative Employer’ award, it announced yesterday. The two organisations won for making the working environment more conducive for workers over 50. Singapore was the
        60 words
      • Article
        Lock icon PSLE results to be released tomorrow
        60 10 THE Primary School Leaving Examination results will be out tomorrow from 12 noon onwards. Pupils will receive their result slips from their respective primary schools as well as option forms for choosing secondary schools. Parents can submit secondary school options online using the S1
        60 words
    • Article, Illustration
      Lock icon Cutting parent maintenance disputes
      604 11  -  More power given to tribunal to ensure quick, efficient and fair process YESTERDAY IN PARLIAMENT By LEE U-WEN PARENTS embroiled in disputes with their children over maintenance payments will soon have more avenues to seek help to iron out their differences. This after Parliament passed amendments
      604 words
    • Article
      Lock icon Medical hub reputation hurt by IVF mix-up
      395 11  -  By LEE U-WEN THE recent sperm mix-up during an in-vitro fertilisation (IVF) performed at the Thomson Medical Centre (TMC) was due to lapses in procedure and human error, said Health Minister Khaw Boon Wan yesterday. The incident has not only “hurt the reputation”
      395 words
    • Article
      Lock icon Govt considers more anti-gang measures
      365 11 THE government is studying whether to give the police additional powers to deal with teenage gangs in Singapore in a bid to prevent youth violence from spreading. These extra measures could include imposing curfew hours for at-risk youths, and making it mandatory for them to
      365 words
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      25 10 LAND FOR SALG D15 Frankel vicinity 8000sqft D15 Dunbar vicinity 7900sqft D15 Sigiap vicinity *****sqft D15 Bedok vicinity 6700sqft All good size land for sub-division
      25 words
  • Page 10 Miscellaneous
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      34 11 For us, private banking means having the ambition to exceed expectations. Also yours: +65 6532 5325 orwww.claridenleu.com Clariden Leu Ltd., Singapore Branch, Singapore Clariden 'l\V Leu SWISS PRIVATE BANKING SINCE 1755 Registration No. T05FC6718B-PTE-01
      34 words
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  • ECONOMY WATCH
    • Article
      Lock icon Emerging markets taking the helm
      594 12 But UBS adviser says US, Europe likely to stay ahead due to technology edge Reuters [BEIJING] Developing economies now account for about half of global growth. Thanks to a brisk recovery from the financial crisis, their import demand is growing twice as fast as that
      Reuters  -  594 words
    • Article
      Lock icon Money markets in eurozone improving: ECB
      345 12 Reuters [LONDON] Eurozone money markets are in better shape and annual growth of loans to firms is expected to turn positive in the fourth quarter, European Central Bank executive board member Gertrude Tumpel-Gugerell said yesterday. “Euro area financing conditions are showing signs of a
      Reuters  -  345 words
    • Article, Illustration
      Lock icon Brazil may get new central bank chief
      504 12 Reuters [SAO PAULO] Brazil’s Presi-dent-elect Dilma Rousseff will not keep Henrique Meirelles at the helm of the central bank, a source told Reuters, in a move that could herald a greater emphasis on bringing down the country’s sky-high interest rates. No decision has
      Reuters; BLOOMBERG  -  504 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Bursa sees record IPOs extending into 2011
      493 13 RM19.6b of listings cross all-time high of RM12b; their number doubles to 28 Bloomberg [KUALA LUMPUR] Malaysia may match this year’s record initial public offerings (IPOs) in 2011 as government efforts to boost the economy bolster investor confidence, Bursa Malaysia chief executive officer
      Bloomberg; FILE PHOTO  -  493 words
    • Article
      Lock icon Indonesia govt urged to probe Krakatau IPO
      357 13 AFP [JAKARTA] Pressure grew on Indonesian market regulators yesterday to launch an investigation into the initial public offering (IPO) of Krakatau Steel, amid allegations of insider trading. Shares in the country’s biggest steelmaker soared 49 per cent from their offer price of 850
      AFP  -  357 words
    • Article
      Lock icon Citi eyes US$5b equity, debt deals in Indonesia
      185 13 Reuters [JAKARTA] Citigroup expects to win fees from US$5 billion of equity and debt deals in Indonesia next year, as it sees more companies tapping a buoyant capital market in South-east Asia’s biggest economy. “We’re very bullish on the Indonesian capital market
      Reuters  -  185 words
  • Page 13 Advertisements
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      19 13 Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      19 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China’s rare-earth exports plunge after cuts in quotas
      407 14 Bloomberg [BEIJING] Rare-earth exports from China, the world’s biggest supplier, declined 77 per cent in October from a month earlier after the government reduced shipment quotas for the second half. Exports were 830 tonnes last month compared with 3,660 tonnes in September,
      Bloomberg  -  407 words
    • Article, Illustration
      Lock icon China bans hoarding of oil and coal
      475 14 Govt moves to ensure supply and contain prices following October inflation of 4.4% AP [SHANGHAI] China is banning the hoarding of oil, coal and other key commodities, seeking to ensure supplies and cool prices that have surged to politically volatile levels despite repeated
      AP; AFP  -  475 words
    • Article, Illustration
      Lock icon Hong Kong hotel laying out HK$7,000 per head dinner
      281 14 AFP [HONG KONG] Famously relaxed with conspicuous consumption, Hong Kong is set to host a dinner costing nearly HK$7,000 (S$1,180) per head, according to one of the city’s hotels. US-born chef Thomas Keller is being flown in by the Mandarin Oriental
      AFP; FILE PHOTO  -  281 words
    • Article
      Lock icon PM Singh took action on telecom scandal, court told
      444 14 AFP [NEW DELHI] The Indian government’s senior legal adviser yesterday defended Prime Minister Manmohan Singh in the Supreme Court against allegations he had failed to act over a massive telecom corruption scam. Attorney-general G E Vahanvati said Mr Singh “had made
      AFP  -  444 words
    • Article
      Lock icon 1 in 4 Indian microfinance firms face collapse, says consultant
      323 14 Bloomberg [SINGAPORE] A quarter of Indian microfinance companies may fail after a clampdown last month in their biggest market pared debt payments and curtailed bank financing, said N Srinivasan, who consults for organisations including the World Bank and the Asian
      Bloomberg  -  323 words
    • Article
      Lock icon Milbank expands China, HK ops amid booming Brazil acquisitions
      364 14 Bloomberg [HONG KONG] Milbank, Tweed, Hadley McCloy LLP, which advised China’s State Grid Corp on its US$1.7 billion acquisition of Brazilian power lines, said it will add 10 lawyers to its 15 in Beijing and Hong Kong in the next year.
      Bloomberg  -  364 words
    • Article
      Lock icon CNPC pares planned overseas investments in next 5 years
      296 14 Reuters [BEIJING] State-owned China National Petroleum Corporation (CNPC) has cut its annual overseas oil and gas investment plan for the five years ending 2015 to focus on returns rather than output. The parent of PetroChina Co Ltd did not specify the
      Reuters  -  296 words
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      24 14 IB g (Mj'WBiMiB'ffliaBP, I immediate movelnjf 3,498jsq feet $8.50 PSF/Month JERRY LUM Marketing Director, MBA, CES HP: 8288 0098 View: jerrylum.myweb.sg ft A*, A
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon German growth slips in Q3 but prospects look bright
      593 15 GDP expansion this year may beat forecast as domestic demand stays strong Reuters [BERLIN] Germany’s growth rate slowed in the third quarter as a construction boom ran out of steam, but the outlook stayed upbeat as a more balanced recovery took
      Reuters  -  593 words
    • Article, Illustration
      Lock icon British stars and TV shows a hit at int’l Emmys
      533 15 AP [NEW YORK] Bob Hoskins and Helena Bonham Carter captured the top acting awards as British TV productions won five International Emmys on Monday, including two for the BBC drama The Street. A highlight of the 38th International Emmy Awards
      AP; REUTERS  -  533 words
    • Article
      Lock icon Asian bourse mergers: only a matter of time?
      749 15 Industry players cite competition, tech as driving consolidation Reuters [SINGAPORE] Politics threatens to spoil Asia’s first big stock exchange merger, but that’s unlikely to quash bankers’ appetite for more bourse tie-ups as growing competition and changing technology drive consolidation. The Singapore Exchange’s
      Reuters  -  749 words
    • Article, Illustration
      Lock icon Suu Kyi gets to see her son after ten long years
      577 15 AFP [YANGON] Myanmar’s pro-democracy leader Aung San Suu Kyi, freed by the junta from house arrest just 10 days ago, was yesterday reunited with her younger son after a decade of separation. Kim Aris, 33, who lives in Britain,
      AFP; AP  -  577 words
    • Article, Illustration
      Lock icon Car industry’s upturn a bright spot for Obama
      602 18/19 But president faces challenge of turning incremental gains into political capital AP [WASHINGTON] The car industry is providing President Barack Obama a good news story carmakers are making money, plants are hiring and the taxpayers’ stake in General Motors is dwindling. Things
      AP; BLOOMBERG  -  602 words
    • Article
      Lock icon Mahindra to pay 427b won for Ssangyong
      383 18/19 Bloomberg [SEOUL] Mahindra Mahindra Ltd, India’s largest maker of sport-utility vehicles (SUVs), will pay 427.1 billion won (S$481 million) for a controlling stake in Ssangyong Motor Co to help widen its range and boost sales overseas. The carmaker will acquire a 70 per
      Bloomberg  -  383 words
    • Article
      Lock icon Junk bond investors force firms to refine terms
      487 18/19 Bloomberg [NEW YORK] Junk bond investors are forcing companies to improve the terms of their debt offerings to bolster protection against moves that threaten creditworthiness. ClubCorp Inc, which has been marketing bonds for almost two weeks, included a provision in its planned
      Bloomberg  -  487 words
    • Article
      Lock icon Philippine deficit in October narrows to 10.5b pesos
      350 18/19 Bloomberg [MANILA] The Philippine budget deficit narrowed in October as spending fell and tax revenue rose. The shortfall was 10.5 billion pesos (S$310 million) last month, the government said in a statement in Manila yesterday. Spending decreased 4.5 per cent in October
      Bloomberg  -  350 words
    • Article, Illustration
      Lock icon Barclays may have violated securities laws: SEC
      246 18/19 Bloomberg [NEW YORK] Barclays plc got two transfers totalling about US$1.3 billion from Lehman Brothers Holdings Inc in September 2008 that may have violated securities laws, the US Securities and Exchange Commission (SEC) said. The UK bank got US$769 million in securities held
      Bloomberg; BLOOMBERG  -  246 words
    • Article
      Lock icon FBI raids 3 Wall St hedge funds in insider trading probe
      613 18/19 Offices of Level Global, Loch Capital and Diamondback searched AP [WASHINGTON] Federal investigators have turned up the heat on Wall Street, raiding three hedge funds in what one of the targets called a wide-ranging probe of insider trading. The
      AP  -  613 words
    • Article
      Lock icon Take the lead in climate talks, China tells US
      458 18/19 AFP [BEIJING] China yesterday called on the United States to step up and ensure climate change talks opening next week make progress, as the world’s top two carbon emitters remain divided over the issue. “We hope the United States will play
      AFP  -  458 words
    • Article
      Lock icon 350 killed in Cambodian festival stampede
      523 18/19 AFP [PHNOM PENH] Frantic relatives scoured makeshift morgues in the Cambodian capital yesterday after almost 350 revellers perished in a huge stampede on an overcrowded bridge, turning a water festival into tragedy. Survivors recounted scenes of panic and fear on the narrow bridge as
      AFP  -  523 words
    • Article, Illustration
      Lock icon Russia, China step up trade ties with energy pacts
      357 18/19 Bloomberg [BEIJING] Russia and China signed agreements to expand cooperation in oil, gas, coal and nuclear power as economic growth in the Asian country drives energy demand. Russia will start export supplies of crude to China through a pipeline on Jan
      Bloomberg; AP  -  357 words
    • Article
      Lock icon Treasury names bank to advise on AIG stake
      272 18/19 Bloomberg [NEW YORK] Greenhill Co, a boutique investment bank, was hired by the US Treasury Department for advice on managing and disposing of the government’s majority stake in American International Group. The department agreed on Nov 18 to hire Greenhill for the
      Bloomberg  -  272 words
  • Page 15 Advertisements
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      297 15 Give your Primary 5 Child a HEADSTART FOR 2011 PSLE "MindChamps isn't a tuition centre. It's so much more! "Initially I thought MindChamps was going to be another boring tuition centre that would burn my weekends. "Instead, I learnt something different every week and enjoyed all my classes. My learning
      297 words
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  • WORLD
    • Article
      Lock icon Ireland’s bailout is not the end of the story
      812 16 Next in line are high deficit states Portugal and Spain, say analysts Bloomberg [LONDON] Ireland’s plan to seek a European rescue risks escalating, rather than alleviating, the sovereign debt crisis as investors turn their focus to the high budget-deficit nations of
      Bloomberg  -  812 words
    • Article, Illustration
      Lock icon Pakistan sees higher inflow of foreign investment
      467 16  -  By MALMINDERJIT SINGH [SINGAPORE] A stable and growing India alone is not enough to ensure prosperity and development within the South Asian region, said Pakistan’s Foreign Minister Makhdoom Shah Mahmood Qureshi. According to Mr Qureshi, for the entire South Asia to advance, there
      REUTERS  -  467 words
    • Article, Illustration
      Lock icon UK papers accept the need to fund Ireland’s rescue
      432 16 EUROZONE IN CRISIS AFP [LONDON] Britain’s press yesterday grudgingly accepted the necessity of its government’s proposed multibillion-pound loan to Ireland, despite only recently having taken severe steps to reduce its own debt. Finance Minister George Osborne said on Monday he was
      AFP; AP  -  432 words
    • Article
      Lock icon Luczo faces real test over Seagate deal
      547 16 Reuters [LOS ANGELES] As co-own-er of an Indy Racing team, Seagate Technology CEO Steve Luczo knows all about pit stops. And right now, he may be looking to give the world’s largest hard drive maker a chance to refuel. The former investment banker
      Reuters  -  547 words
    • Article
      Lock icon 18 more months for gold bull market: UBP
      578 16 Metal seen as insurance against currency risk and more enticing than bonds Reuters [ZURICH] The bull market in gold could run another 18 months as jittery investors turn to an asset that they see as insurance against falling paper money values and
      Reuters  -  578 words
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      534 17 WINE DINE AND HOSPITALITY FRESH ARRIVALS ON THE BUFFET LINE Our buffet gets fresh with live Boston Lobsters! Dive in line for sweet seafood featuring lobsters, oysters, sushi and sashimi, available during dinner on weekdays and brunch on Sundays. On Fridays and Saturdays, savour succulent lobsters prepared in special recipes*
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      28 17 Available for a limited period only, from $45 for dinner and $48 for Sunday Brunch Terms and conditions apply For reservations, please call 6831 6686 or email eat.sgo@panpacific.com
      28 words
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  • Page 18/19 Advertisements
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      124 18/19 www.vw.com.sg Streamlined for performance. Ml Introducing the new Volkswagen Passat CC. The 4-door coupe. The sleek new 5-seater Passat CC performs exactly like it looks. Part limousine, part coupe, it represents the best of both worlds. It has the aerodynamic design and performance of a sports coupe, while its spacious
      124 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Using an Asian currency for regional trade
      507 20 EDITORIAL THAI Prime Minister Abhisit Vejjajiva recently proposed the use of the Chinese yuan as the currency of choice to conduct intra-Asian trade. While it may be premature at the moment, the proposal should not be dismissed out of hand. Like several others
      507 words
    • Article, Illustration
      Lock icon Beijing’s coercion over Nobel event puzzling
      743 20  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator THE value of ambiguity in international diplomacy has long been recognised and widely practised by such proponents as Henry Kissinger, but also by China. Thus, in 1979, the US said
      743 words
    • Article, Illustration
      Lock icon Beijing’s big challenge: rising food prices
      1066 20  -  An increasingly complex market economy hinders government’s efforts to stem inflation By CHRIS BUCKLEY Reuters CHINESE pensioner Wang Li endured two chilly hours on a pre-dawn bus to Beijing’s biggest wholesale food market to stock up on dried seaweed, one more food hit by
      Reuters; AP  -  1,066 words
    • Article, Illustration
      Lock icon Bad omens for Obama – and America
      1830 21  - Bad omens for Obama and America Washington may experience a legislative and policy gridlock if Republicans decide to take the uncooperative route LEON HADAR Washington Correspondent IF YOU want to understand the direction US domestic and foreign policies will go in the last two years of the first or only
      AFP  -  1,830 words
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      Lock icon Dublin should just default for next generation’s sake
      900 21  -  MATTHEW LYNN The writer is a Bloomberg News columnist and the author of ‘Bust’, a forthcoming book on the Greek debt crisis. The opinions expressed are his own Bloomberg IT’S not too late. The request for aid may have been made. The
      Bloomberg; AP  -  900 words
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  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      438 22 This year, we are proud to acknowledge 51 brands as deserving winners of the Singapore Prestige Brand Award 2010. Whether B2C, B2B or not-for-profit organisations, these brands have displayed a clear vision and focus in their brand building endeavours to reach out to their audience. For many, the SPBA success
      438 words
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  • Transport HUB
    • Article
      Lock icon Air cargo security threat a challenge for industry
      828 23  -  Logistics costs could soar if airline cargo security measures pile up NEWS ANALYSIS By VEN SREENIVASAN FOR an industry already struggling with huge security issues on the passenger side, the latest threats on the air cargo front is nothing short of a
      828 words
    • Article
      Lock icon Black Sea tanker rates rise on weather disruptions
      296 23 Reuters [LONDON] Black Sea crude oil tanker rates stayed firm on Monday as weather related delays in the Turkish Straits tightened tanker availability raising the cost of transporting cargoes. In previous years, winter weather has regularly shut the Bosphorus and Dardanelle shipping
      Reuters  -  296 words
    • TRANSPORT HUB: SHIPPING
      • Article
        Lock icon TRANSPORT STOCKS
        278 24 SGX '000 Nov 23 S$ +/-Vol CH Offshore 0.47 -0.02 550 Chuan Hup Hldg unch unch 0 Cosco Corp 2.05 -0.07 ***** CWT Ltd 0.91 -0.02 809 Ezra Hldgs 1.67 -0.07 8658 First Ship Lea 0.44 unch 356 Freight Links 0.09 -0.01 ***** Grand Banks unch unch 0
        278 words
      • Article
        Lock icon APM Terminals sets sights on Asia-Pacific
        468 24  -  Growth in emerging markets is expected to grow by 7% on average annually By JOYCE HOOI APM Terminals, a unit of AP Moller-Maersk Group, is gearing up to literally make inroads in emerging markets like China, India, and Vietnam. The terminal operator giant will
        468 words
      • Article, Illustration
        Lock icon Baltic index posts gain, outlook positive
        396 24 Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, rose for the first time in over three weeks on Monday as a pick up in cargo activity bolstered sentiment. The index, which gauges the cost of shipping
        Reuters  -  396 words
      • Article
        Lock icon The passing of Gregorio Oca marks end of era
        734 24  -  He was a pivotal figure in advocating Filipino seafarer interests over 3 decades STRAIT TALK By DAVID HUGHES WHILE shipping is a vital global industry in fact, the engine of globalisation it’s relatively small compared with the big, land-based industrial sectors.
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    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Qantas A380 flights to resume on Saturday
        487 25  -  Carrier to put the superjumbo back into service progressively By VEN SREENIVASAN QANTAS will resume Airbus A380 flights from Saturday, starting with its QF31 service from Sydney to London via Singapore. The decision to restore A380 flights follows an intensive Trent 900 engine
        487 words
      • Article, Illustration
        Lock icon Asian companies need to be more flexible and agile, says AEB’s Mallee
        536 25  -  By VEN SREENIVASAN ASIAN economies that have depended largely on lowcost production and export orientated industries for growth will come under increasing pressure as demands for quality, reliability, and timeliness increase, says a top supply chain solutions provider.
        536 words
      • Article, Illustration
        Lock icon Garuda flying high with entry into SkyTeam alliance in 2012
        393 25  -  By VEN SREENIVASAN GARUDA Indonesia’s rehabilitation and recovery took another major step forward with the Indonesian flag carrier signing up to join the SkyTeam airline alliance in 2012. Garuda will expand SkyTeam’s presence in Southeast Asia, adding 30 new destinations
        FILE PHOTO  -  393 words
      • Article
        Lock icon Garuda apologises for flight disruptions
        314 25 AFP [JAKARTA] National carrier Garuda Indonesia was forced to issue a public apology yesterday for three days of flight chaos caused by the loss of crew rotation data during a switch to a new operating system. More than 700 passengers have been affected by flight
        AFP  -  314 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        3205 25 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 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam
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    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Tyre sales seen rising with COE premiums
        727 26  -  Motorists likely to hold on to current rides, hence the need for tyre change Reports by SAMUEL EE HIGH COE premiums may be bad news for motorists but not for tyre distributors. With new car prices rising, more motorists are hanging on to
        ARTHUR LEE  -  727 words
      • Article, Illustration
        Lock icon Pirelli takes over Singapore distribution network
        420 26 PIRELLI has taken over the Singapore distribution network from its longtime distributor Autoacc. According to Pirelli Asia director Chiu Loo Tong, the company, best known for its ultra high-performance tyres such as the P Zero, P6, and P7, came into the Singapore market directly
        ARTHUR LEE  -  420 words
      • Article
        Lock icon BMW, Mercedes shorten Christmas breaks on rising demand
        522 26 Bloomberg [BERLIN] Bayerische Motoren Werke AG (BMW) and Daimler AG’s Mer-cedes-Benz, the world’s two largest makers of luxury cars, will shorten Christmas breaks at their factories because of surging demand for new models. BMW’s German plants in Dingolfing and Leipzig, where the
        Bloomberg  -  522 words
      • Article
        Lock icon Nissan Leaf gives the competition a run for its money
        459 26 Nissan will start selling the car in Dec for US$32,780 AP [WASHINGTON] The Nissan Leaf, an electric car aimed at attracting environmentally conscious motorists, will get the equivalent of 99 miles per gallon (mpg) of petrol in combined city and
        AP  -  459 words
      • Article
        Lock icon MotoGP may be revving to India in 2012
        222 26 Reuters [NEW DELHI] The promoters of India’s inaugural Formula One Grand Prix in 2011 are in talks with MotoGP bosses to bring the world motorcycling championship to the country, a company spokesman said yesterday. “We are negotiating with Dorna Sports (MotoGP commercial
        Reuters  -  222 words
      • Article
        Lock icon US probes rental car companies over recall repairs
        245 26 Bloomberg [WASHINGTON] US car safety investigators are looking into whether rental car companies are completing repairs on recalled vehicles from General Motors Co, Ford Motor Co, and Chrysler Group LLC before renting or leasing them. The National Highway Traffic Safety Administration (NHTSA)
        Bloomberg  -  245 words
  • Page 23 Advertisements
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      204 23 ASIA WEST AFRICA TRADE AGREEMENT (AWATA) Notice for General Rate Increase (GRI) and Peak Season Surcharge (PSS) In order to ensure that the Members Lines are able to continue to provide the service necessary to meet the needs of their customers, the Members Lines of the Asia West Africa Trade
      204 words
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  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      302 25 CRYPTIC CROSSWORD Across 1 Is it taken grimly with a touch of determination? (6,4) 6 Homework before start of playtime (4) 10 A small enclosure for small tree (5) 11 The raging river next to state lodge (9) 12 Expert seen in some art broadcast (7) 13 Control concerning journalism
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  • Page 26 Advertisements
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      865 26 w (SATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF REFORMATION BANNER PTE. LTD. Reg No: *****6203H (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company deemed to be held on 21st November
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9121 27 Transaction date: Nov 23 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 unch 1089 18.5 18.5 18.5 19 1.7 9.8 5.9 88.6 12 5 5834
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    • Article
      Lock icon SGX CATALIST
      1913 28 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 162 155 160 96.1 4 0.5
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    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9647 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.3/ APS Alpha Fund (USD)!** 1.01/ 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
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    • Article
      Lock icon SGX ETF
      870 28 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 $mil 124 107 6389 ABF SG Bond ETF 115 -1 3 115 115 113 116 525 1056 761 CIMBAsean40 100US$ US1024 999 1004 41 335
      870 words
    • Article
      Lock icon GLOBALQUOTE
      72 28 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 $mil 56 38 6000 AVJennings A53 49 57 3.6 6.6 4.2 138 55 16 6017 Genting HK US$ US42.5 -2.5 ***** 45 42.5 42.5 43 2798.4
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      66 27 FRANCK MULLER BOUTIQUE 01-07 ION ORCHARD (65) 6509 3380 B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 SINCERE FINE WATCHES NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 THE SHOPPES AT MARINA BAY SANDS (65) 6634 9782 VIVOCITY (65) 6278
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 29 In local curr In S$ In US$ dy yr dy yr dy yr Nov 22 Index Change Change Change Change Change Change World Index Preliminary 865.3 -0.6 3.9 -0.6 -2.8 -0.6 5.1 EAFE Preliminary 787.0 -0.5 0.3 -0.6 -5.4 -0.5 2.3 Europe Preliminary 1148.9 -0.9
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    • Article
      Lock icon INTERBANK RATES
      177 29 Nov 23 $S Offer Bid 0vernight 0.05 0.02 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.10 US$ 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
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 29 Nov 23 S$ Bid Offer 1-month 1.3105 1.3110 2-months 1.3105 1.3110 3-months 1.3105 1.3110 6-months 1.3104 1.3110 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 Nov 23 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.326 1.251 Can dollar 1.298 1.249 Euro 1.801 1.732 Sterling pound 2.111 2.03 NZ dollar 1.031 0.982 US dollar 1.319 1.269 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 29 Nov 23 Open High Sett STI Nov 3126 SIMSCI Nov 376.1 376.9 367.5 Taiwan Nov 298.3 299.3 296.7 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      68 29 Nov 23 OIL Nov 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 10 3260 3275 3308 3252 573 2364 Jan 11 3205 3172 3256 3171 2307 ***** Feb 11 3173 3115 3215 3103 ***** ***** Mar
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      399 29 Nov 23 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6875 0 8199 Mar11 99.5850 0 2213 Jun11 99.5050 0 3271 Sep11 99.4200 0 2956 EUROYEN TIBOR FUTURES Dec10 99.6600 0 4388 Mar11 99.6600 0 1476 Jun11 99.6600 0 1536 Sep11 99.6500 0 1430 Dec11 99.6550
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    • Article
      Lock icon SICOM FUTURES
      126 29 Nov 23 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 10 434.5 429.0 434.5 16 Jan 11 433.0 Feb 11 433.0 Mar 11 433.0 Apr 11 434.0 May 11 434.0 Jun 11 434.0 Jul 11 434.0 Aug 11
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 29 Nov 23 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 0.35 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.85 103.91 103.85 5-Year N*****0S 2.875 01.07.2015 107.64
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    • Article
      Lock icon CHICAGO BOT
      107 29 Nov 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1221.50 1201.50 1223.00 1190.00 Mar 11 1228.75 1209.00 1230.00 1198.00 May 11 1229.00 1210.00 1230.25 1199.00 Jul 11 1230.75 1212.00 1231.75 1200.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 10 49.18
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 29 CRUDE OIL PRODUCTS Nov 22 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 83.38 -0.84 WTI (Near Mth) 81.11 -0.41 Dubai (1-Mth F) 82.59 -0.46 Tapis blend 89.00 -0.65 Minas 64.55 -0.50 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 86.00 -0.78 Jet Kerosene 96.20 -0.65 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2437 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2 unch 4135 1 3 -9 2.75 1 AFP Properties EW*****8 33.5 8578 1 10 -3 1.34 60 6221 Asia-Pacific Strategic W*****6 37 3 35
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 29 Nov 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.000 6.514 0.722 7.605 44.714 87.962 0.820 11.489 3.074 1.277 83.795 43.327 1.285 6.920 0.969 29.864 29.499 0.615 0.980 Canada 1.000 6.514
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    • Article
      Lock icon SIBOR
      85 29 Nov 23 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon PRECIOUS METALS
      139 29 Nov 23 GOLD (US$/oz) Nov 23 Nov 22 Hong Kong 1364.00 1362.80 Nov 22 Nov 19 London 1351.10 1349.20 1351.85 1350.20 Source: Thomson Reuters CAST BAR Nov 23 (S$) Selling Buying Kilobar 61,135.52 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 137 57 5gm 389 285 10gm 695
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    • Article
      Lock icon LONDON METALS
      73 29 Nov 22 Nov 22 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2259.75 2232.50 3 months 2288.00 2260.00 Copper, Grade A (US$/tonne) Cash 8313.00 8427.00 3 months 8290.00 8404.00 Lead (US$/tonne) Cash 2226.50 2253.25 3 months 2250.00 2277.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon INTERBANK CURRENCY RATES
      154 29 Nov 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2846 1.2854 0.9802 0.9805 Canadian dollar 1.2846 1.2854 0.9802 0.9805 Euro 1.7787 1.7797 1.3573 1.3575 NZ dollar 1.0058 1.0066 0.7675 0.7678 Sterling pound 2.0876 2.0889 1.5930 1.5934
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      82 29 Nov 22 COCOA (£/tonne) Close Prev High/Low Dec 10 1878 1881 1905/1877 Mar 11 1869 1879 1899/1866 May 11 1883 1895 1912/1880 Jul 11 1900 1912 1928/1903 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1827 1889 1903/1903 Jan 11 1848 1910 1915/1839 Mar 11 1859 1920 1924/1850 May 11
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      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      5767 30 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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      28 31 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
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      390 32 A prosperous Asian bond investment requires a wide variety of choices. •X v V I i V. > s m v > i w V* t R ft Hi PHP U r» 3* ft A r- i 7 -X H 5?«FC V > s 1 IP k w .WVJS Just
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      28 32 n or FIND THE ONES THAT FIT! Q Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg J to advertise. t 1 1
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      1242 32  -  Broad cyclical backdrop for growth trades such as shares and commodities remains positive although they have fallen recently MONEY MATTERS SHANE OLIVER The writer is head of Investment Strategy and chief economist, AMP Capital Investors AFTER solid gains from early July lows into early November,
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      1439 33 Investors less concerned about economy; guided by profits, valuations Bloomberg [NEW YORK] For the first time since the financial crisis started, US shares are moving independently of the bond market, a sign that profits and valuations are guiding investors more than concern about the
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      479 34  -  It sees investors shifting from fixed income to equities By GENEVIEVE CUA [SINGAPORE] JP Morgan Asset Management’s Asian-sourced assets have surpassed their pre-crisis peak, lending optimism to the group’s expansion plans in the region. The firm currently manages some US$180 billion in the
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      13 33 Lianhe Zaobao Where is HK's property market heading after the 9» new measures?
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      2576 33 Beijing Seoul Bangkok Kuala Lumpur Air Astana connects Far South East Asia to Kazakhstan 13 times a week (5 times a week from Beijing, 4 times a week from Seoul, 3 times a week from Bangkok, once a week from Kuala Lumpur). Air Astana serves Kazakhstan from major gateways in
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      100 34 Deutsche Bank db.com Global strength and expertise. At the centre of Asia's markets Best Global Investment Bank* f 4 MM K t ~-7— •or --v: :v> 5 'sr.,. 6r"» 9 e 3SE i \T «--vW» fcggarlBgje-y?-TK rri's/ic-t J«< *1 -an ■-H s *0 -t-'S', v ~7 w nk AG and
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      9 34 MONEY MATTERS Just another correction in recovery PAGE 32
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      123 1 InvestingTHEBUSINESSTIMES|NOVEMBER*****0BTTHE BUSINESS TIMES NOVEMBER 24 2010 $%Y OPPORTUNITY KNOCKS Are foreign currencies suitable for long-term investment? Should you invest in commodities, and what’s an easy way to do so? With bank deposits earning next to nothing, BT takes a look at a wide range of possible investments for individuals here,
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      Lock icon An eye on equities
      1408 2  -  Equities have proven to be one of the best asset classes over a long period of time. By Carmen Lee By Carmen Lee The author is head of research at OCBC Investment Research INTEREST in equities has remained strong in Asia since the start of the
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      1227 8  -  Many invest in gold as a way of dealing with the unforeseen problems caused by inflation or an economic recession. Alan By Alan Tin The author is head of bullion sales, global markets and investment management at United Overseas Bank EQUITY markets have been volatile of
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      Lock icon Playing your cards right
      1324 10  -  Studies have shown that the performance of property, and property shares, reduce risk and enhance returns over the long term. By Patrick Sumner By Patrick Sumner PROPERTY investment is as oldas thehills or at leastfor as long as the hills have been used for productive purposes.
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      1132 14  -  Bear in mind the importance of value investing as you look for your ideal property. By Jacqueline Wong and Tan Yali By Jacqueline Wong,Tan Yali Jacqueline Wong is head of residential, and Tan Yali is senior analyst, research and consultancy, at Jones Lang LaSalle Singapore DESPITE
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      897 16  -  With volatility as the theme of the day, investors are looking for alternatives to stocks and bonds to diversify their portfolio. By Lynette Tan By Lynette Tan The author is business development executive at Phillip Futures ‘WHEREisthemar-ket going? What should I invest in?” These are someofthequestions
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      1947 20  -  Investment-linked insurance plans are life insurance policies that provide a combination of insurance protection and investment benefits. By Lee Swee Kiang By Lee Swee Kiang The author is Head, Life Business (Agency) Department, Great Eastern AN investment-linked insurance plan (ILP) is a life insurance
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      Lock icon Building a sound strategy
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      Lock icon Golden rules for investing in warrants
      1046 26  -  Warrants are beneficial for both long-term and short-term trading when used prudently. By Edmond Lee By Edmond Lee The writer is director of global equity flow at SG Securities (HK) Ltd Disclaimer: Warrants prices may rise or fall and the warrants may expire worthless,
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      1382 27  -  ADRs are traded on the GlobalQuote platform offered by SGX and offer investors easy access to Asia’s largest companies. By Lester Ngoh By Lester Ngoh The author is assistant vice-president at the Singapore Exchange INVESTORS here have had easy access to some of Asia’s largest companies when the
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      169 3 Until Yo Yo Ma brings people together through the beauty and power of music, he will not rest. Nor will his fellow musicians. S (J i i Ji S ri Until we perform in perfect harmony. Until I understand exactly what drives my client. His goals. His ambitions. His entrepreneurial
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      225 5 RIDE THE WAVES OF VOLATILITY. Find out how you can stay buoyant against the market's changing tides or capitalise on opportunities in emerging markets. •V-c mm Aberdeen O < > O FRANKLIN TEMPLETON INVESTMENTS PRUDENTIAL Asset Management Schroders A1,ianz OUIIIUUCI o Global Investors H First State Visit any of our
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      355 7 Trade lots for less Commodity CFDs. Smaller lot sizes for greater trading flexibility with Saxo. Commodity futures contracts are great for hedging in a volatile market. With Saxo Capital Markets, you can go long or short with Commodity CFDs. Commodity CFDs give you access to the world's most liquid commodities
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      446 9 LionGlobal Emerging Markets Bond Fund Build your portfolio with global emerging market bonds LION GLOBAL INVESTORS In recent years, emerging economies have shown to possess strong fundamentals as well as disciplined fiscal and monetary policies. These positive structural developments have led to rising credit quality of bond issuers and attracted
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      1106 11 ADVERTORIAL Where to invest in 2011? Banking on Singapore’s growth through Straits Times Index and Singapore Government Bond ETFs UNCERTAINTYinthemarkets will reign supreme for a long time to come. This is not surprising as market participants tend to makecontradictoryinterpretationstomarket events and alternate between bullish and bearish sentiment in an opaque
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      731 13 Advertising Feature One Finlayson Green Strata Office Investment that Makes Commercial Sense SMART INVESTORS know that prime commercial properties can give some of the best rental returns. They will also know that the opportunity in such a property does not come very often, especially when the property is of such
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      264 15 mww, "v W\ \""l M I* '-WL V. WUl T/'•.'# -TV 7 v !3k c 3-. 1 'f y. J ■»•--"'„fk. w j ■i \Jk Y' 'l'& t t W 4 ws?. s V-. 1. v «-V» "t i 3 k\ \\N "J 1 1 f'/7 F K X /s.
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      102 17 MARKETS get thinking T FX/CFD trading If you're thinking... 'is it time to be bold on gold?' contact us. <0 WL N CFD trading provides a simple way to profit from rising and falling prices. Trade gold and oil in SGD, plus shares, forex, indices and more. World's No. 1
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      109 19 SARAS IN From Every Angle we Offer a Distinct Perspective on Wealth. We've spent some 170 years crafting distinctive private banking solutions. Bank Sarasin cherishes a balanced and sustainable approach not only in terms of growth, resources and investing, but to expertise that has been trusted for generations. Bank Sarasin
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      450 23 Henderson Horizon Fund China Fund Unlock and Maximise Your Wealth Potential in China China continues to be one of the fastest growing economies driven by domestic consumption, infrastructure development and urbanisation. If you are searching for a China equity fund, the Henderson Horizon Fund China Fund offers the following benefits:
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      91 25 We help you to protect, grow and pass on your wealth. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we forge a lasting relationship based on trust and help you build an enduring legacy. Face the future with peace of mind.
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      26 28 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax
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