The Business Times, 5 November 2011

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Total Pages: 53
1 20 The Business Times
  • 13 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg NOVEMBER 5-6, 2011 S$1.00 MICA (P) 121/08/2011 121/08/2011
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  • 27 1 us jobs JOBLESS rate falls to a six-month low and job gains in the prior two months are stronger than previously thought. 2
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  • 47 1 eurozone talks ‘WE could have done more, but it’s a very difficult matter because when you talk about European governance, you’re talking about 17 euro countries and and not all 17 euro member countries are here at the meeting.’ 4
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  • 38 1 official eye ALLEN Overy and Allen Gledhill’s merger proposal has been presented to Singapore’s law minister for his perusal, while other law firms here say that they are open to mergers themselves. 6
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  • 34 1 potential sale THE brokerage’s provisional liquidators in Hong Kong says that a buyout deal may be reached as early as tomorrow, after receiving over 30 credible offers. 8
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  • 565 1  -  Plugging into the next-generation broadband network will be even easier with new proposals By Victoria Ho vhoip@sph.com.sg Singapore IcophInfty’sNTERNETbroadbandpointswillbe-come as common as cable and telephone points in every home, if the Infocomm Development Authority’s has its way. This will be a huge boost to
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  • 859 1 URA says price too low; govt committed to sustaining development momentum in area Singapore A UOL Group-Singapore Land consortium whose bid for a commercial plot in Paya Lebar was rejected by the Urban Redevelopment Authority for being “too low” responded sharply
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  • TOP STORIES
    • 649 2 October non-farm payrolls lower than expected, but gains in prior two months stronger than previously thought latest us data Reuters Washington EMPLOYERS in the US hired fewer workers in October but the jobless rate fell to a six-month low and job gains
      Reuters; AFP  -  649 words
    • 140 2 G STI 2,848.24 (+38.20) G STI FUTURES 2,848.0 (+42.0) G SIMSCI 324.79 (+3.71) G SIMSCI FUTURES 325.30 (+4.80) STOCKS Friday Change KL COMP 1,477.51 +15.14 NIKKEI 225 8,801.40 +160.98 HANG SENG 19,842.79 +600.29 SET 957.31 -0.25 JAKARTA 3,783.63 +77.82 MANILA 4,271.72 +61.47 KOSPI 1,928.41 +58.45 SHENZHEN B 629.32 +7.73
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    • 670 4  -  By Anna Teo anna@sph.com.sg Cannes AFTER two days of frenzied talks, some progress has been made in tackling the eurozone crisis, says Prime Minister Lee Hsien Loong, with the Group of 20 (G-20) leaders ready to commit additional resources to ensure that
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    • 1044 6  -  All Big Four firms here not averse to pursuing mergers in order to grow By Michelle Quah michquah@sph.com.sg Singapore ALLEN Overy and Allen Gledhill’s merger proposal has been presentedtoSingapore’slawminister for his perusal, while other law firms here say they are open to
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    • 539 8  -  A deal may be reached as early as tomorrow, say brokerage’s provisional liquidators in HK By Felda Chay feldac@sph.com.sg Singapore MF GLOBAL’S operations here, together with those in other parts of Asia and Australia, may escape the fate of their US parent, having
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    • 583 8  -  By Lynn Kan lynnkan@sph.com.sg Singapore EVEN if you’ve never set foot on the Marina at Keppel Bay, you could take a 360-degree look around the bay front without heading there, if you’re toting around an iPhone or iPad 2. Apple smart-device users can downloadthemarina’snewoffering,
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    • 460 8  -  By Emilyn Yap emilyny@sph.com.sg Singapore SINGAPORE banks have extended more loans as some of their European competitors shift focus to fighting fires set alight by the eurozone debt crisis. The clearest indication of this came from DBS Group chief executive Piyush
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    • 530 10  -  Minister tells Parliament that Bursa and SC are looking into possible insider trading By S Jayasankaran btworld@sph.com.sg Kuala Lumpur A SHARE swap deal between Malaysia Airlines (MAS) and AirAsia three months ago is being investigated by Bursa Malaysia and the Securities Commission for possible insider
      BLOOMBERG  -  530 words
    • 830 10  -  saturday soapbox Joyce Hooi Reporter NOBODY panic, but just remember that this newspaper predicted a nationwide stampede first. It will happen next year when we fall over ourselves to sign up for the national Do-Not-Call (DNC) registry. Old women will be trampled underfoot and infants
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  • Page 2 Advertisements
    • 59 2 CONTENTS NEWS Top Stories 2-10 Week in Review 11 Raffles Conversation 12-13 Companies 14-18 Singapore 19-20 From The Desk Of 21 World 22-26 Stocks Stats 27-31 Perspective 32-33 Wealth 34-37 Househunt 38 Real Estate 39 LIVING Dining L2-4 Guest Chef L5 Shopping L6-8 Home Garden L10-11 Health L12-13 Gadgets L14
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  • Page 3 Advertisements
    • 102 3 RAYMOND WEIL GENEVE -i A. .V -V%. 1 r i' I: < r *1 r r i; n 1VK'.. 5 V V'v r'.V .v. 4 .v. -Tvi ftp •*V w* V> >- *U I- V v.C- N» 'he tmmfr V .(>. t J .*5,.. > .4 "J ih\. !s r,
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  • Page 4 Advertisements
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  • Page 5 Advertisements
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  • Page 7 Advertisements
    • 41 7 WHEN THE EXCEPTIONAL DEMAND THE EXCEPTIONAL, THEY COME TO COUTTS. For over 300 years, Coutts has been the bank of choice for exceptional people with an unrivalled reputation for managing their unique financial requirements. www.coutts.com INVESTMENT MANAGEMENT WEALTH PLANNING PRIVATE BANKING
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  • Page 8 Advertisements
    • 38 8 ALLERGIES? SLEEP ON WATER! Waterbeds are made from hygienic vinyl and removable washable covers, preventing the accumulation of harmful dust mites and particles. FANTASY WATERBEDS SLEEP CENTRE #01-15/16 The Furniture Mall (The Plaza) 7500D Beach Road Tel: 6469-1381
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  • Page 9 Advertisements
    • 475 9 •*>* fee® Advertising Feature Outdoor activities all year round I y M.I.C.E. HAVEN: SOUTH KOREA IS A GEM OF A MEETING PLACE In the last of a 3-part series on holding MICE events (meetings, incentive trips, conventions and exhibitions) in South Korea, discover the art of mixing business with pleasure.
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  • Page 10 Advertisements
    • 244 10 >;at^ NOTICES In the matter of The Companies Act, Cap. 50 And In the matter of SPRING MARITIME PTE LTD (Reg. No. *****8211W) (In Members’VoluntaryWinding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Meeting of the
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK Oct 31-Nov 4, 2011
      • 66 11 QANTAS Airways and its unions have been ordered to immediately terminate all industrial action and return to the negotiating table by an Australian labour tribunal, in the latest twist in a prolonged and bitter industrial dispute. Qantas and the three unions now have
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      • 48 11 THE latest eurozone rescue bid will crucially depend on the support of global investors. China, sovereign wealth funds and other global investors are awaiting more details about the leverage of the European bailout fund before committing to its bond issues.
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      • 69 11 THE Republic’s push for a bigger slice of the meetings, incentive travel, conventions and exhibitions (MICE) pie is right on track as venues report brisk business this year with a fuller calendar of events. Industry players are bullish that growth will continue into
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      • 59 11 THE first Qantas flights took off on Monday, some 15 hours after a labour tribunal ordered the airline to resume operations. But the un- precedented grounding of the airline’s global fleet by CEO Alan Joyce could have inflicted more damage than the A$20
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      • 76 11 PANIC over a possible Greek default overwhelmed stock markets following Greece Premier George Papandreou’s shock decision to hold a referendum on a hard-won bailout deal. Analysts say that the referendum would also effectively amount to a vote on Greece remaining a eurozone
        REUTERS  -  76 words
      • 55 11 A SHARP increase in business and science park space to be completed next year could put pressure on rentals. An expected 2.15 million square feet of business and science park space will be completed in 2012, some 66 per cent higher than the five-year average
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      • 78 11 A GROUP of Singapore investors of Morgan Stanley’s failed Pinnacle Notes have scored a major legal victory after a US federal judge ruled that their class action lawsuit can proceed in New York. The court ruledthat “generalised warnings of risk and
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      • 40 11 PROVISIONAL liquidators of MF Global Singapore are working to verify the brokerage’s customer records of monies and assets and ensure that these are in order, said the Monetary Authority of Singapore late Wednesday.
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      • 62 11 THE 213 investors who brought a lawsuit against DBS Bank over its DBS High Notes 5 product have lost their case before the Court of Appeal, along with the possibility of reclaiming their investment. The Court of Appeal upheld the High
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      • 48 11 British giant courts Allen Gledhill ONE of the largest and most established law firms in Singapore could be merging with one of the largest and most well-regarded international lawfirms in the world a development guaranteed to send ripples through a sector already riding the tide of much change.
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      • 36 11 IN a dramatic turnaround, Greek Premier George Papandreou no longer plans to have a referendum on the European Union’s 130 billion euro (S$227.3 billion) bailout of the beleaguered nation.
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      • 55 11 CALLING for an “early and decisive solution” to the eurozone crisis, Prime Minister Lee Hsien Loong urged the Group of 20 (G-20) leaders to consider additional measures to prevent the festering woes from plunging the global economy into
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    • 71 11 NEXT WEEK Nov 7 Nov 11 US DATA Nov 7 September consumer credit Nov 9 October CPI Nov 10 Sept international trade Jobless claims October import and export prices October trade balance Nov 11 Nov consumer sentiment China data EVENTS Nov 7 Eurozone finance ministers’ meeting Nov 8 EU finance
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  • Page 11 Miscellaneous
    • 328 11 CRYPTIC CROSSWORD SATURDAY with Ludwig Across 1 Nice bit of fluff? Don’t whistle, that’s rude! (11) 9 A snowdrop? (9) 10 Pinched note to relative (5) 11 Very strange verse on love (4,2) 12 Explorer is eating last of sledge dogs (8) 13 Don went down with a cry of
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  • THE RAFFLES CONVERSATION
    • 2499 12/13  -  Employeesfirst Vineet Nayar turns conventional management practice on its head and reaps spectacular results for his company HCLT. By Amit Roy Choudhury amit@sph.com.sg VINEETNayar, vice-chairman and chief executive officer of HCL Technologies (HCLT), almost lost his job, three months into joining the organisation as a senior management trainee
      YEN MENG JIIN  -  2,499 words

  • COMPANIES
    • 480 14  -  Previous Q3 bottom line includes one-time gain from $53m forex settlement By Lynn Kan lynnkan@sph.com.sg SEMBCORPIndustries’core utilities business was the steadying hand behind the group’s third quarter ended Sept 30 as subsidiary Sembcorp Marine turned in lower profits. At the group level,
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    • 463 14  -  Revenue slides 6.2% to $1.39b; EPS rises to 4.39 cents By Kelly Tay kellytay@sph.com.sg SINGAPORE Technologies Engineering (ST Engineering) chalked up a 2.7 per cent rise in thirdquarter net profit to $133.8 million, from $130.2 million a year ago, despite a fall
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    • 235 14 Reuters Bangalore MILLENNIUM Copthorne Hotels is cautious about its short-term outlook given early signs of a slowdown in spending by its business customers even as the hotelier reported higher quarterly profit. The company’s shares, which have fallen 14 per cent in the
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    • 277 14  -  By Joyce Hooi joyceh@sph.com.sg TIGER Airways Holdings’ board saw some reshuffling yesterday, culminating in the appointment of former Singapore Exchange (SGX) chief Hsieh Fu Hua as an independent director. At the same time, the company’s board announced that two of its non-executive directors Lim Siew
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    • 597 15  -  Situation now more protracted and serious, with no sight of finality Reports by Ven Sreenivasan ven@sph.com.sg THE debt crisis in Europe and the economic slowdown in the US have made the operating environment for Singapore Airlines more unpredictable and difficult than the post-Leh-man
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    • 347 15 SINGAPORE Airline’s (SIA) new long-haul low-cost carrier does not rule out strategic business partnerships with Tiger Airways or with any other carrier. Campbell Wilson, the CEO of Scoot, which will be launched in mid-2012, stressed that his airline would be open to
      BLOOMBERG  -  347 words
    • 478 16  -  Acquisition costing 2.28b yuan to be fully funded by debt By Mindy Tan tanmindy@sph.com.sg MAINBOARD-LISTED Perennial China Retail Trust (PCRT) intends to acquire a 50 per cent stake in Chengdu Longemont Shopping Mall Development from the Shanghai Summit Group for some 2.28
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    • 270 16  -  By Dolly Chia dchia@sph.com.sg SINGAPORE-BASED JK Tech Holdings has launched its initial public offering (IPO) for a Catalist listing. The information technology (IT) group is offering 10 million new shares at 20 cents apiece. The placement offer closes at noon on Nov 10
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    • 410 16  -  By Carine Lee carinel@sph.com.sg BREADTALK Group is investing $18 million in PRE 8 Investments Pte Ltd, the company which recently entered into a deal to buy Suntec Reit’s Chijmes property for $177 million. PRE 8, whose current sole shareholder is Perennial Real Estate Pte
      FILE PHOTO  -  410 words
    • 233 16  -  By Yeo Aiqi yeoaiqi@sph.com.sg CHINA-BASED real estate developer Yanlord Land Group has made a 1.655 billion yuan (S$332 million) investment in a foray into one of Shanghai’s most prestigious international community districts. The Singapore Exchange mainboard-listed group said yesterday that it has acquired
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    • 597 18  -  stocks R Sivanithy sivan@sph.com.sg Senior correspondent A FEW years ago it used to be that the “R” word stood for “recession”, a no-no as far as financial markets were concerned. This week saw that old “R” word replaced with a new one
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    • 61 18 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 517.7 3.8 DBXT MSKorea 10US$ 5590 329.1 4.9 DBXT MSEurope 10US$ 4231 311.4 6.2 IS DJ US Tech 6627 274.7 3.4 GLD 10US$ ***** 272.1 1.3 DBXT E50 10US$ 3666 264.5 6.0 IS S&P500 ***** 243.0 1.5 JSH 3140 215.2
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    • 58 18 BY CENTS CLOSEDOWN DBXT S&P Short 10US$ 4220 -141.8 -2.6 Straits Trdg 281 -44.0 -13.5 Hyflux 6% CPS 10 ***** -20.0 -0.2 DBS BP ePW*****2 37 -7.5 -16.9 Elec Eltek 285 -6.3 -1.7 Amtek 65 -6.0 -8.5 STI 2850BPePW*****9 16.6 -5.4 -24.5 STI 2750BPePW*****9 19.3 -5.2 -21.2 HsuFuChi
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    • 418 18 Reuters New Delhi BHARTI Airtel is confident of growing its high-speed mobile data business and turning around its struggling African operations after the Indian mobile market leader reported a big-ger-than-expected fall in fiscal second-quarter profit that was its seventh consecutive quarterly profit drop.
      Reuters  -  418 words
    • 110 18 VOL CLOSE GoldenAgri 66,560 65.5 -1.0 -1.5 GentingSP 65,386 172.5 3.0 1.8 MDRW*****5 49,000 0.1 0.0 0.0 Mewah 47,761 46.5 4.0 9.4 NobleGrp 44,972 156.5 3.5 2.3 Si2i 40,624 5.6 -0.2 -3.4 Elektromotive 34,282 0.7 0.0 0.0 SingTel 30,961 315 -4.0 -1.3 Infinio 23,575 0.4 -0.1 -20.0
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    • 110 18 Stock name Close Change CapMallsAsia 1.355 CapitaLand 2.730 +0.060 CapitaMall 1.785 CityDev 10.580 +0.320 ComfortDelGro 1.420 +0.005 DBS Grp 12.660 +0.170 F&N 6.110 +0.020 GLP 1.765 +0.050 Genting SP 1.725 +0.030 Golden Agri 0.655 -0.010 HK Land 5.030 +0.170 JMH 51.610 +1.430 JSH 31.400 +1.700 Jardine C&C 45.980
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  • Page 15 Advertisements
    • 100 15 RECORKING CLINICS2011 THE PENFOLDS RE-CORKING CLINICS OFFER THE OWNERS OF PENFOLDS WINES, WHICH ARE 15 YEARS AND OLDER, THE OPPORTUNITY TO HAVE THEM ASSESSED BY THE PENFOLDS WINEMAKING TEAM AND, IF APPROPRIATE, OPENED, TASTED, TOPPED UP AND RE-CAPSULED ON THE SPOT. EVERY BOTTLE OF WINE HAS A STORY. HONG KONG
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  • Page 17 Advertisements
    • 309 17 INITIAL PUBLIC OFFERING JK TECH HOLDINGS LIMITED (Company Registration No.: *****0813H) Incorporated in the Republic of Singapore on 28 October 2003) With more than 20 years of experience in the IT industry, our Group is one of the leading one-stop providers of IT products, services and solutions mainly to companies,
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  • Page 18 Advertisements
    • 161 18 NOTICES IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JAPAN MATERIAL (S) PTE LTD REG. NO.*****4790D (In Members’ Voluntary Liquidation) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that the Final General Meeting of
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  • SINGAPORE
    • 745 19  -  Minister of State for Health Amy Khor describes the aim as ‘creating the conditions to enable older workers to work longer’ By Chuang Peck Ming peckming@sph.com.sg WITH the Re-employment Act coming into play from Jan 1, the focus is now likely to turn
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    • 511 19  -  Smaller apartments in demand in Balestier, Bishan and Geylang By Uma Shankari shankari@sph.com.sg RESIDENTIAL rents in the city fringe areas are rising steadily, narrowing the rental gap between the prime districts and the city fringe, noted CBRE in a new report yesterday.
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    • 415 20  -  2 in 3 employers find it difficult to recruit skilled accounting, finance professionals: study By Michelle Quah michquah@sph.com.sg ATTRACTING and retaining talent continues to be a key challenge for Singapore’s accountancy sector, noted Minister of State for Finance and Transport, Josephine
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    • 359 20  -  But their reach has declined by 1.8% with greater online take-up By Kelly Tay kellytay@sph.com.sg PRINTED newspapers remain the staple read for the majority of the adult population in Singapore, even though their reach has declined by 1.8 per cent. This is according to findings released
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    • 306 20  -  Spot checks reveal same mistakes of the past: Hawazi Daipi By Lynn Kan lynnkan@sph.com.sg FATALITIES at Singapore shipyards have jumped to 11 so far this year compared to just six last year. The marine sector’s progress in improving safety in recent
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    • Briefing
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  • FROM THE DESK OF
    • 948 21  -  There is a need for a more enlightened dialogue on how to develop Singapore’s future labour force from the desk of Paul Endacott Managing director Ambition, Singapore THE difficulty faced by employers in finding adequately skilled workers is a topic that excites strong passions nowhere more
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  • WORLD
    • 574 22 It also unveils plan with specific national commitments to rebalance global economy Bloomberg Cannes, France THE Group of 20 leaders meeting in Cannes have adopted stronger language on currencies than they have at previous summits, agreeing yesterday to accelerate a move towards
      Bloomberg; AFP  -  574 words
    • 442 22 Reu ters Cannes, France ITALY will allow the International Monetary Fund (IMF) to monitor its progress with long overdue reforms of pensions, labour markets and privatisations, European leaders announced here yesterday, looking beyond the crisis in Greece to the far graver threat to
      Reuters  -  442 words
    • 345 22 AFP Bloomberg Bangkok THAILAND’S worst floods in half a century reached the edge of downtown Bangkok yesterday, threatening some underground railway stations and forcing the closure of a major shopping centre. Thai officials built more barriers around Bangkok as floodwaters edged closer to the
      AFP; Bloomberg  -  345 words
    • 702 24 Move comes as US regulators review the company’s business to track down more than US$600 million of missing customer money Reuters New York JON CORZINE has resigned as MF Global Holdings Ltd’s chairman and chief executive, four days after the futures brokerage filed for
      Reuters; BLOOMBERG  -  702 words
    • 439 24 Eurozone crisis, slow US growth are among key risks to region AFP Singapore THE struggling US economy and eurozone debt crisis have sparked a “growing sense of pessimism” about Asia-Pacific’s economic growth in the next year, a regional think tank said yesterday. Expectations for
      AFP  -  439 words
    • 536 25 Non-state-owned companies turn to them, creating investment chances Reuters Shanghai SIX months ago, private equity firm BeiKai Capital was greeted with a cold shoulder when it sought to invest in a Chinese security information firm that was at the time saddled with
      Reuters  -  536 words
    • 565 26 Landowners accuse authorities of attempting to grab valuable properties, fear project will alter neighbourhoods AFP Kuala Lumpur MALAYSIAN Judy Lam never saw herself as an activist until officials turned up at her family’s small hotel in Chinatown and announced plans to take it
      AFP  -  565 words
    • 345 26 AFP Kuala Lumpur MALAYSIA said yesterday that exports, the mainstay of the economy, rose 16.6 per cent year-on-year in September as strong demand in Asia offset weak shipments to the troubled US and European markets. The trade ministry said that exports climbed to RM58.68 billion
      AFP  -  345 words

  • Page 23 Advertisements
    • 1092 23 thebusinesstimesweekendwww.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 weekend www.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 the raffles conversation CAREER DIPLOMAT BARRYDESKER 12-13 cheap funds Local banks to slash savings ratesDBS Bank, OCBC DBS Bank and UOB will offer amere 0.05 per cent mere come October, even asHSBC and
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  • Page 25 Advertisements
    • 236 25 An Evening Of Brews hosted by Asia Pacific Breweries and The Business Times WIN ABEER-PAIRING ASIAN-INSPIRED DINNER FOR 2 WORTH $396 ++l The Business Times Weekend offers a relaxing read with a balance of key news updates and exciting lifestyle features in an exclusive Living section. We continue to engage
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  • SGX
    • 9773 30 Transaction date: Nov 4 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 12 8Telecom 13.5 12.5 14 7.8 4.5 2.8 64.7 9.5 4.1 A-Sonic 4.6 4.8 5.8 2.8 1.7 32.9 65 48
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    • 186 30 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 2 3 0 0 0 9 2 3 Manufacturing 64 42 41 4 4 7 68 46 48 Commerce 23 14 15 3 2 2 26 16 17 Tpt/Stor/Comms 21 10 11
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    • 809 30 For week beginning Oct 31 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Oxley Hldgs 2-Nov-11 Tee Wee Sien Buy 200 na *****0 12.44 *****0 12.45 LHT Hldgs 1-Nov-11 Yap
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    • 119 30 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,190 24,190 105,141 105,141 Manufacturing 187,212 38,729 225,941 166,449 360 166,810 Commerce 122,091 3,730 125,821 157,086 421 157,507 Tpt/Stor/Comms 157,857 640 158,497 191,161 77 191,239 Finance 25,203 25,203 259,448 259,448 Construction 32,226 10,001 42,227 9,708
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  • MARKETS
    • 82 31 Nov 3 COCOA (£/tonne) Close Prev High/Low Dec 11 1382 1654 1688/1645 Mar 12 1706 1680 1711/1670 May 12 1721 1694 1726/1689 Jul 12 1737 1710 1739/1705 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1795 1819 1820/1800 Jan 12 1841 1862 1889/1832 Mar 12 1874 1896 1923/1872 May 12
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    • 128 31 As on 03 November 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METALS GOLD FUT DEC2011 1762.90 1724.90 1765.00 450 SILVER FUT DEC2011 34.775 33.350 34.495 176 CURRENCY AUD-USD FUT DEC2011 1.0370 1.0151 1.0368 3756 EUR-USD FUT DEC2011 1.3847 1.3652 1.3824 9305 GBP-USD FUT
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    • 69 31 Nov 4 GOLD (US$/oz) Nov 03 Nov 04 Hong Kong 1732.*****4.00 Nov 02 Nov 03 London 1737.*****8.49 1738.*****9.70 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 43.93 43.26 Source: UOB PLATINUM Lon (US$/oz) Nov 03 Close Previous PM Fix 1625.*****9.00 AM Fix 1595.00 unch Source: Thomson Reuters PLATINUM
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    • 93 31 Nov 3 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 11 1219.*****3.*****2.*****2.75 Jan 12 1227.*****2.*****1.*****0.75 Mar 12 1236.*****2.*****0.*****0.50 May 12 1245.*****1.*****8.*****0.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Dec 11 52.03 50.85 52.09 50.48 Jan 12 52.30 51.13 52.36 50.78 Mar 12 52.65 51.49 52.70
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    • 57 31 Nov 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 11 3005 3023 3023 3000 102 876 Dec 11 3000 3021 3021 2990 873 ***** Jan 12 2998 3013 3020 2988 8706 ***** Feb 12 3002 3019
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    • 81 31 Nov 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 02.02.2012 0.29 1-Year BY*****W 01.11.2012 0.29 0.25 0.24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.32 103.36 103.36 5-Year N*****0W 1.125 01.04.2016 102.37
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    • 154 31 Nov 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3149 1.3171 1.0389 1.0398 Canadian dollar 1.2500 1.2519 0.9876 0.9883 Euro 1.7472 1.7487 1.3804 1.3805 NZ dollar 1.0052 1.0069 0.7942 0.7949 Sterling pound 2.0258 2.0280 1.6005 1.6010
      154 words
    • 75 31 Nov 3 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 110.61 -0.40 WTI (Near Mth) 94.27 1.58 Dubai (1-Mth F) 104.51 0.03 Tapis blend 115.91 0.13 Minas 110.11 0.13 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.61 -2.11 Jet Kerosene 124.90 -1.85 US$/barrel Opec Oil Basket Price
      75 words
    • 373 31 In local curr In S$ In US$ dy yr dy yr dy yr Nov 3 Index Change Change Change Change Change Change World Preliminary 831.7 1.0 -7.3 0.9 -6.9 0.9 -6.3 ‡EAFE Preliminary 688.1 1.1 -14.1 0.9 -12.3 0.9 -11.7 Europe Preliminary 1027.0 1.8 -12.1
      373 words
    • 118 31 Nov 04 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.348 1.284 Can dollar 1.276 1.227 Euro 1.779 1.711 Sterling pound 2.063 1.984 NZ dollar 1.034 0.985 US dollar 1.282 1.233 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • 69 31 Nov 3 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2124.50 2105.00 3 months 2146.00 2127.00 Copper, Grade A (US$/tonne) Cash 7901.50 7870.00 3 months 7915.00 7885.00 Lead (US$/tonne) Cash 2014.50 2003.50 3 months 2035.00 2024.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article, Illustration
      89 31 YTD change:-10.72% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg YTD change:-13.86% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 16,170.30 on Oct 4,2011 Source: Bloomberg YTD change: -9.96% 52-week high: 3,186.72 on Nov 11,2010 52-week low: 2,307.15 on Oct 24,2011 Source:
      Source: Bloomberg  -  89 words

  • PERSPECTIVE
    • 1630 32/33  -  Huge benefits can be reaped when IT forms the core infrastructure of cities. Care must be taken, however, that it remains ‘generative’. By Ayesha Khanna By Ayesha Khanna ~The writer is director of the Hybrid Reality Institute, a research and advisory firm that specialises in
      BLOOMBERG  -  1,630 words
    • 630 32/33  -  By Paul Sheard ~The writer is global chief economist, Nomura THERE seems to be widespread acceptance among pundits, policymakers and clients that fiscal policy in the developed economies is “at its limits” and fiscal consolidation should now be the order of the
      BLOOMBERG  -  630 words

  • Wealth
    • WEALTH INVESTING
      • 1089 32/34  -  Risk may be an inherent part of any investment, but counterparty risk may not always be apparent to investors. By Genevieve Cua By Genevieve Cua gen@sph.com.sg THE prospect of losing some money in an investment doesn’t faze most people. It’s par for the course. Counterparty risk,
        STOCK.XCHNG  -  1,089 words
      • BROKERS' TAKE
        • 398 32/34 Hold OCBC Investment Research Nov 4 Close: $1.41 HYFLUX Ltd reported a pretty poor set of Q3 2011 results on Thursday, with revenue slipping 36.2 per cent y-o-y and 21 per cent q-o-q to $87.7 million; management explained the fall was mainly due to a “switching over effect”,
          398 words
        • 362 32/34  -  Compiled by Joyce Hooi Sell DMG Partners Research Nov 4 Close: $0.325 BROADWAY reported losses of $9.9 million in Q3 2011, mainly attributable to flat revenue growth and a huge net forex loss of $13.2 million. Taking out the impact of forex impacts, PATMI of $13.7 million
          362 words
      • 1150 36 Poll of analysts noted for their accuracy shows a 13% jump to US$1,950 an ounce by end-March Bloomberg New York THE most accurate forecasters say that gold will rebound from its biggest monthly plunge since 2008 and reach a record high by March
        Bloomberg; REUTERS  -  1,150 words
      • 890 37 Some are loathe to sell at low point while big institutions are willing to stay with the team’s strong record NYT New York JesSttothOHNPaulson,thebillionairehedgefundmanag-er who made his fortune betting against sub-prime mortgages, has been fodder for Wall Street gossip as rivals wondered whether
        NYT; BLOOMBERG  -  890 words
    • WEALTH REAL ESTATE

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    • 68 36 Sets appeal Mentawais' seismic surf TOPPING OUT i SUMMITTING f EVEREST FROM TIBET Rainbow walls v QubbatJha reef highlights Nepal's summit-to-sea adventurer Race review from Wulong I if* Asia's best outdoors magazine Now with a great new look! Get the latest copy today! Ask your local bookshop or make sure
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    • 26 40 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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  • Page 1 Advertisements
    • 63 1 LivingTHEBUSINESSTIMESWEEKEND|NOVEMBER5-*****BTTHE BUSINESS TIMES WEEKEND NOVEMBER 5 6 2011 BANKING ON THE BAY The new Marina Bay financial district is suiting up as the next dining destination to watch PHOTO: EDWARD HENDRICKS WELLNESS Therapy reformed L12-13 GOLF Eyeing Asia’s Major L17 SHOPPING Hidden gems L6-7 PERSONAL SPACE Urban sprawl L10-11 DRIVING
      63 words

  • BT Living
    • DINING
      • Article, Illustration
        3063 2/3  -  The new Marina Bay financial district is suiting up as the next dining destination to watch. Head for three up-and-coming bay areas where you can get your fill. By Debbie Yong By Debbie Yong debyong@sph.com.sg COMPETITION is fierce and only the fittest survive in the urban jungle. As
        3,063 words
      • 1337 5 Pungent mustard oil, a staple of South Indian cooking, takes New York by storm with its silky heat and sinus-clearing vapours NYT New York LAURENCE Edelman is not a chef who looks often to Asia for culinary inspiration. “I’m not the kind of guy that’s out
        NYT; NYT PHOTOS  -  1,337 words
    • SHOPPING
      • Article, Illustration
        2278 6/7  -  One of the pleasures of shopping is stumbling upon a wonderful discovery when you least expect it. By Melissa Lwee-Ramsay mellwee@sph.com.sg Modern-day seamstress Atelier Ong Shunmugam #B1-36, Hong Leong Building, 16 Raffles Quay Z6223-4804 Open from 12pm 7pm on weekdays (mornings and weekends by private appointment only) THERE’S
        ALL PHOTOS BY YEN MENG JIIN  -  2,278 words
      • Article, Illustration
        398 8  -  Aigner’s latest offerings make great gifts for loved ones this Christmas. By Melissa Lwee-Ramsay mellwee@sph.com.sg WITH the festive season just around the corner, local retailers are gearing up to launch their Christmas offerings so there is no better time than now to get a headstart on all that
        398 words
    • HOME & GARDEN
      • Article, Illustration
        1198 10 / 11  -  personal space Architect Tang Guan Bee lives and works from a lofty penthouse perch where housekeeping is anathema. By Geoffrey Eu anathema.By Geoffrey Eu btnews@sph.com.sg YOU don’t expect Tang Guan Bee’s home to be the sort of beautifully manicured space that graces the pages of architecture and design
        PHOTOS: JOHN HENG  -  1,198 words
    • HEALTH
      • 27 12 / 13 As new studios open up in Singapore, Pilates has become increasingly relevant for a whole range of needs, from physiotherapy to fitness and weight loss.
        27 words
      • 679 12 / 13  -  By Jaime Ee jaime@sph.com.sg #10-06 Wisma Atria, 435 Orchard Road Z6235-5108 WHEN your best friend is your couch, it’s hard not to view any attempt to get you off it with enmity and fear. But once chronic pain or other age-related ailments force you off your bum to
        YEN MENG JIIN  -  679 words
      • 456 12 / 13  -  By Cheah Ui-Hoon 11 Unity Street, Robertson Walk #01-23/24 Z 6235-1051 www.themovingbody.com.sg EVER since The Moving Body opened two yearsago,it’sofferedPilatesandthetrademarked Gyrotonic exercises especially beneficial for those who had completed their physiotherapy and had been referred by their doctors or therapists. “It’s good for those who have passed
        456 words
      • 512 12 / 13  -  By Cheah Ui-Hoon uihoon@sph.com.sg 434 Telok Blangah Road Z 9184-7622 www.pilatesfitness.com.sg CANDICE Chin, the studio’s partnership director, started on Pilates in 2004 after a terrible backache left her bedridden for two days. Spinal scans showed nothing wrong, but the avid gym goer reckons that her lower back muscles
        512 words
    • GADGETS
      • 738 14  -  Luxury TV brands Loewe and Metz took their time to launch their new 3D models so that they could stay up to speed on high-tech features and ramp up the sound quality. By Christopher Lim limchris@sph.com.sg Loewe Individual Compose 3D ($6,058 for 32 inches; $9,558 for
        738 words
    • KEPPEL CLIPPER ROUND THE WORLD
      • 898 15  -  Despite the failure of equipment barely a week into the race, the crew worked hard to keep the boat moving. By Vincent Wee btnews@sph.com.sg ~The from INTEGRITY played a big part on the Keppel-sponsored Singapore Clipper in the most recent leg of the Clipper 2011-12
        onEDITION  -  898 words
    • SPORT
      • 635 16  - Kvitova showing traits of legends so far no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor AT THE start of 2011, Petra Kvitova was a virtual unknown on the professional women’s tennis circuit in the eyes of many. Not anymore. To say that this 21-year-old Czech player’s rise to prominence
        AFP  -  635 words
      • 816 16  -  Malminderjit Singh msingh@sph.com.sg Correspondent NOT only is Manchester City tightening its grip on the English Premier League trophy this season, it looks set to do so in style and create a new era in English football. The 36 goals it has scored in
        AFP  -  816 words
    • GOLF
      • 1025 17  -  While three-time winner Adam Scott won’t be here, plenty of professional golfers are coming back to make up the starting field of 204 players for this US$6 million tournament next week. 53 By Justine Moss btnews@sph.com.sg NEXT week will see a stellar line-up of professional
        PAUL LAKATOS/IMG  -  1,025 words
    • MOTORING
      • 599 18  -  With the new up! model Volkswagen has the opportunity to reinvent the ‘people’s car’ for the 21st century. By Joe Yeo btnews@sph.com.sg THE Volkswagen up! may be diminutive but it could be the German carmaker’s next icon and the spiritual successor to the original people’s
        599 words
      • 676 19  -  It enhances the S60 sedan’s looks and gives it a chassis upgrade. By Samuel Ee samuelee@sph.com.sg IT’S been called the sportiest Volvo ever built and it’s hard to disagree. The Volvo S60 T6 AWD R-Design has packed abundant power and grip into a compact body by getting
        676 words
      • 838 20  -  Vincar has been around for 22 years due in no small part to the trust and goodwill it has developed with its customers. By Samuel Ee driving style By Samuel Ee samuelee@sph.com.sg TO say the parallel import trade has been hurt by the contracting COE quota
        ARTHUR LEE  -  838 words


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    • 794 6/7 wine&dine with BTWeekend Triple Three Level 5, Mandarin Orchard Singapore, 333 Orchard Road Z6831 6288 Named after the address of the hotel 333 Orchard Road, Triple Three showcases a sumptuous international buffet spread with over 128 culinary delights and 10 LIVE cooking stations. In addition to the freshest Sashimi and
      794 words






  • Page 15 Advertisements
    • 77 15 Staying the course Keppel shares in the spirit of adventure, teamwork, and sportsmanship, onboard the Singapore yacht in the Clipper 11-12 Round theWorldYacht Race. Keppel Corporation Limited 1 HarbourFront Avenue #18-01 Keppel BayTower Singapore *****2 Tel: (65) 6270 6666 Fax: (65) 6413 6452 www.kepcorp.com As our crew steer the yacht
      77 words