The Business Times, 15 November 2011

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Total Pages: 34
1 34 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Tuesday, November 15,
    23 words
  • 846 1  -  They may be hinting their stock is undervalued as buybacks hit $450m in Q3 By JAMIE LEE [SINGAPORE] Share buybacks by listed companies in Singapore hit a fresh high in total value terms in the third quarter surpassing the last peak in
    Source: Asia Insider, Citi Investment Research and Analysis  -  846 words
  • 141 1 GST INDEX 2,830.14 (+39.20) GST INDEX FUTURES 2,829 (+39) GSIMSCI 323.72 (+6.65) GSIMSCI FUTURES 323.80 (+6.80) FOREX US$ S$ US$ (S$ per US$) 1.285 (US$/S$ per 1.603 2.061 EURO (US$/S$/E) 1.373 1.765 Foreign currency per US$ S$ YEN 77.10 60.00 RM 3.135 2.439 HK$ 7.779 6.052 BAHT 30.78
    141 words
  • 547 1  -  Q3 marks first expansion of the year, but recovery may be short-lived By in ANTHONY ROWLEY in Tokyo JAPAN’s gross domestic product (GDP) expanded by a robust 1.5 per cent or 6 per cent at annual rate in the third quarter of this
    Source: Reuters  -  547 words
  • Page 1 Advertisements
    • 111 1 LEADERS’ PERSPECTIVE Breaking from tradition PAGE 34 SME Inc Building framework for growth PAGE 13 COMMENTARY Don’t let Reits be the next wave of governance lapses PAGE 5 PROPERTY Two-thirds of previewed Palette units snapped up PAGE 32 APEC SUMMIT EU must create jobs, promote growth: PM Lee I PAGE
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  • TOP STORIES
    • 524 2  -  It expects significant net loss for the full year due to high fuel prices, Aussie woes By VEN SREENIVASAN [SINGAPORE] Tiger Airways has released a set of dismal second-quarter financial numbers which suggest that profitability may still be a long way off. The
      524 words
    • 453 2  -  Regulator imposes $300,000 penalty for May 18 outage By AMIT ROY CHOUDHURY [SINGAPORE] The Infocomm Development Authority of Singapore (IDA) has slapped a fine of $300,000 on M1 following the disruption of the telco’s services on May 18. M1 has decided to appeal to
      453 words
    • 578 2 Share buybacks soar as firms send a signal SHARE buybacks by listed companies in Singapore hit a fresh high in total value terms in the third quarter surpassing the last peak in the fourth quarter of 2008, after the Lehman collapse. The total buyback value touched $450 million,
      578 words
    • 708 4  -  Financial measures will only help to contain debt woes, not solve problem APEC SUMMIT Reports by LEE U-WEN in Honolulu WHILE financial measures will help contain the eurozone’s debt woes, they won’t solve the problems that triggered the crisis in the first
      AFP  -  708 words
    • 440 4 It will become first Asian family to fly together on space-tourism airline AFP [SINGAPORE] A Singaporean businessman, his wife and two children have paid US$1 million to become the first Asian family to fly together on space-tour-ism airline Virgin Galactic, the company announced
      AFP  -  440 words
    • 658 4  -  Litigants argue over discrepancies in evidence By LYNETTE KHOO [SINGAPORE] The role of corporate restructuring specialist Nicky Tan in Teledata’s 2007 investment in eSys Technologies took centre stage at the High Court yesterday. His lawyer, Edwin Tong from Allen Gledhill, argued
      658 words
    • 524 4 US piles on pressure over currency, trade policies UNITED States President Barack Obama piled on the pressure on China regarding its currency and trade policies, saying that the Asian powerhouse was too “grown up” to continue flouting the rules. He devoted a significant portion
      524 words
    • 428 4  -  Data throws wrench into idea that they imply deeper value By JAMIE LEE [SINGAPORE] Past insiders trading in Singapore or trades done by company directors suggest strong buying when valuations were lofty, and less convincing purchases when stocks were cheaper, data cited by Citi
      Source: Asia Insider, Citi Investment Research and Analysis  -  428 words
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  • Page 3 Advertisements
    • 75 3 Asset Management Wealth Management Asset Services The past The future. We respect them equally. r ■^r v OV A k ac 7-T A J be yr >~ Is 'JKt 555ES53 K *91 3* wf m Photograph by Christian Houge Pictet Cie, Geneva Private bankers since 1805 Geneva Lausanne Zurich Basel
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  • COMPANY NEWS
    • 707 5  -  Analysts warn of gloomy outlook, with investors likely to stay cautious By KELLY TAY MORE companies have disappointed than lived up to market expectations this third-quarter earnings season, in stark contrast to the corresponding period last year. And with macroeconomic and global concerns such as
      707 words
    • 643 5  -  HOCK LOCK SIEW By WONG WEI KONG SINGAPORE boasts of a thriving real estate investment trust or Reit sector, but recent events have served another reminder that beneath the glowing surface, there are some key fundamental concerns. K-Reit Asia, last
      643 words
    • 263 5  -  By DOLLY CHIA JK Tech Holdings made a sterling debut on the Catalist board yesterday, opening trading at 33.5 cents, 67.5 per cent above its offer price of 20 cents, before closing 57.5 per cent up at 31.5 cents. A provider of IT products, services
      263 words
    • 499 6  -  Revenue for the three months rises 6.5% to $877m By JOYCE HOOI COMFORT DelGro posted a 12.5 per cent increase in net profit for the third quarter ended Sept 30, 2011, from $61.4 million to $69.1 million. While total operating expenses saw a 6.4 per
      499 words
    • 532 6  -  Earnings rise to $34.2m; revenue up 31.6% at $3.23b By FELDA CHAY COMMODITIES supplier Olam International saw a 15.1 per cent year-on-year jump in first-quarter net profit, with an overall rise in sales volumes helping to lessen the impact of lower net contribution from its
      532 words
    • 233 6  -  By YEO AIQI CONSTRUCTION and specialist engineering group BBR Holdings (S) has won a $179 million contract from the Housing and Development Board (HDB) to build 1,386 new homes in Pasir Ris Neighbourhood 5. The contract, secured through its wholly owned subsidiary Singapore Piling
      233 words
    • 411 6  -  By KELLY TAY OCEANUS Group plunged deep into the red for the third quarter, announcing yesterday a net loss of 725.1 million yuan (S$147 million), and the written commitment of its chief executive officer (CEO) Yu De Hua to resign. In the
      411 words
    • 388 10  -  Group hit by fall in fair value of equity portfolio, absence of exceptional gain By JAMIE LEE METRO Holdings swung into the red in the second quarter, hit by a drop in the fair value of its portfolio of short-term equity investments and the absence
      388 words
    • 347 10  -  By KENNETH LIM EU Yan Sang International took a hit from the strong Singapore dollar in its first-quarter earnings, but the traditional Chinese medicine retailer expects continued growth and plans to add close to 26 outlets this year. Mainboard-listed Eu Yan Sang said
      347 words
    • 291 10 OCBC Bank yesterday introduced credit cards under its “Frank by OCBC” programme, expanding the suite of products targeting students and young adults aged 18-28. It is also opening its third Frank outlet at VivoCity today for those who need help with banking products and services.
      291 words
    • 360 10  -  By YEO AIQI MAINBOARD-LISTED Swiber Holdings has posted a near doubling in third-quar-ter net profit to US$13.52 million, from US$6.97 million a year ago. Revenue for the three months ended Sept 30, 2011, climbed 12.5 per cent year-on-year to US$137.73 million. The
      360 words
    • COMPANY BRIEFS
      • 65 10 BOUSTEAD Singapore’s net profit for the second quarter ended Sept 30, 2011, rose 13 per cent to $9.1 million from a year ago. Revenue dropped 30 per cent to $90.96 million. The results were helped by a 44 per cent drop in cost of
        65 words
      • 54 10 HUTCHISON Port Holdings Trust said that its net profit attributable to unitholders for the July-Sept quarter was HK$708.4 million, 0.1 per cent below forecast of HK$709.4 million. Revenue and other income came in below projection, at HK$3.25 billion. This is 7.5 per cent below
        54 words
      • 83 10 BUKIT Sembawang Estates saw its net profit for the second quarter ended September 30 rise 11.9 per cent from a year ago to $41.16 million. Half-year net profit rose 73.6 per cent to $85.5 million. The results were helped by higher profit recognition on more
        83 words
      • 54 10 STX Pan Ocean Co Ltd swung into the red for the third quarter ended Sept 30, 2011, making losses of US$37.43 million compared to a net profit of US$47.71 million a year ago. Sales decreased by 11.6 per cent to US$1.24 billion
        54 words
      • 41 10 MIDAS Holdings Ltd registered a 59.8 per cent drop in net profit, from 68 million yuan to 27.4 million yuan, for the third quarter ended Sept 30. Revenue rose 4.6 per cent to 259.3 million yuan.
        41 words
  • Page 5 Advertisements
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  • Page 6 Advertisements
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  • SUSTAINABLE BUSINESS VALUES
    • 995 7  -  Sustainability indices have a useful role to play, reports MINDY TAN SUSTAINABILITY advocates are the first to admit, rather candidly, that the sustainability journey in Asia is one barely out of its infancy. While that may be so, they are equally quick to
      995 words
  • Page 7 Advertisements
    • 328 7 In the world ahead, what will sustain the value of the company you invest in? The value it places on sustainability. You are part of a world of 7 billion people. By 2050, that figure will be 9 billion. As the world gets more crowded, we'll all have to learn
      328 words

  • SINGAPORE MARKETS
    • 621 8  -  ST Index recoups 39 points as short-sellers cover their positions; turnover stays low STOCKS R SIVANITHY Senior Correspondent THE changing of the political guard in Italy over the weekend was a signal for the short-sellers to cover their positions yesterday, thus helping the Straits Times
      Source: Bloomberg  -  621 words
    • 4 8 DAILY
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    • 66 8 Nov 14 VALUE CLOSE BT OB/OS -419.00 +17.0 BT CADI -*****.00 +123.0 BT 10-day MA -*****.00 -42.00 FTSE ST Mid Cap 623.37 +4.55 FTSE ST Small Cap 419.76 +2.39 FTSE ST All Share 677.98 +8.37 FTSE ST China Top 194.84 +3.01 FTSE ST China 230.21 +3.78 FTSE
      66 words
    • 60 8 VOLUME Golden Agri 120,640,000 Noble Grp 77,135,000 Genting SP 67,445,000 PSL Hldgs 56,675,000 LippoMalls R 40,179,000 Memstar 34,327,000 CNMC 31,570,000 S i2i 30,047,000 Lereno 25,188,000 Sky One 23,848,000 VALUE($) Genting SP 109,088,412 Noble Grp 93,389,442 Golden Agri 81,978,265 SingTel 63,285,224 UOB 54,665,890 DBS Grp 45,193,400 Keppel Corp
      60 words
    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 4 0 0 0 8 3 4 Manufacturing 66 35 41 6 6 4 72 41 45 Commerce 25 14 12 4 1 4 29 15 16 Tpt/Stor/Comms 22 9 8
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    • 122 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,280 17,280 67,403 67,403 Manufacturing 175,183 28,774 203,957 135,205 164 135,369 Commerce 125,378 6,626 132,004 163,277 494 163,771 Tpt/Stor/Comms 116,933 29,969 146,902 140,169 2,970 143,139 Finance 14,061 2 14,063 143,074 143,074 Construction 77,536 1,091 78,627
      122 words
    • 114 8 Stock name Close Change CapMallsAsia 1.380 +0.035 CapitaLand 2.740 +0.050 CapitaMall 1.765 +0.005 CityDev 10.700 +0.440 ComfortDelGro 1.405 +0.010 DBS Grp 12.950 +0.310 F&N 6.300 +0.090 GLP 1.870 +0.090 Genting SP 1.610 +0.015 Golden Agri 0.680 +0.020 HK Land 4.850 +0.090 JMH 50.500 -2.390 JSH 30.470
      114 words
    • 460 8 CURRENCIES Reuters [LONDON] The euro fell against the US dollar yesterday as tentative optimism about prospects for crisis-fight-ing reforms under new governments in Italy and Greece gave way in the face of the huge debt problems still plaguing the eurozone. Italy sold three
      Reuters; REUTERS  -  460 words
    • 114 8 BY CENTS CLOSE UP Jardine C&C 4889 282.0 6.1 DBXT Nifty 10US$ ***** 242.8 1.8 DBXT E50 10US$ 3639 201.7 4.5 GLD 10US$ ***** 167.0 0.8 Lyxor AsiaFN 10US$ 2631 146.5 4.5 DBXT MSJAP 10US$ 3522 88.7 2.0 DBXT MSAsExJp 10US$ 2934 82.2 2.2 DBXT FTChina25 10US$ 2808 78.4
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    • 119 8 BY CENTS CLOSE DOWN JMH 5050-307.1 -4.5 DBXT AUDMM 5AU$ *****-190.0 -0.7 JSH 3047-170.9 -4.2 DBXT S&P Short 10US$ 4183-105.4 -1.9 DBXT FTVietnam 10US$ 2120 -69.4 -2.5 Asia Pac Brew 2600 -50.0 -1.9 DBS Bk 4.7% NCPS 100 ***** -30.0 -0.3 Daiwa FT Shariah Jap 768 -29.6 -2.9 SI
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    • 5 8 DAILY
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  • Page 8 Advertisements
    • 221 8 0BCEC TRUNG TAM GIAO DjCH CA PHE BUON MATHUOT Buonmathuot Coffee Exchange Center BuonMaThuot Coffee Exchange Center (BCEC) Vietnam partners Singapore Mercantile Exchange (SMX) Strategic partnership to jointly develop derivatives trading in coffee and other agricultural commodities around the region "The cooperation between Singapore Mercantile Exchange (SMX) and BuonMaThuot Coffee
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  • Page 10 Advertisements
    • 340 10 1 if He S£ 3 kr i <2^ st Mary Residences^/ C B D K L C C 3 2 Freehold Triplex Penthouse (4,122 4,596sf) 3 3 Freehold Triplex Penthouse (4,542 5,015sf) 4 2 Freehold Triplex Penthouse (6,759sf) Visit us at: E&O Gallery 11 Beach Road, #01-02, Singapore *****5 (next
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  • Page 11 Advertisements
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  • SINGAPORE NEWS
    • 498 12  -  Members also agree to scrap non-tariff barriers to trade in green products APEC SUMMIT Reports by LEE U-WEN in Honolulu SINGAPORE and the other 20 members of the Asia-Pacific Economic Cooperation (Apec) bloc have all pledged to cut tariffs on
      HO PENG YEW/LIANHE ZAOBAO  -  498 words
    • 493 12 China warming to pact, will study if it should enter talks CANADA and Mexico the two closest neighbours of the United States became the latest nations to formally announce their intention to join the Trans-Pacific Partnership (TPP) negotiations. And in a sign that
      493 words
    • 384 12  -  By MINDY TAN THE Singapore University of Technology and Design (SUTD) yesterday broke ground for its permanent campus at Changi, which is expected to be ready by 2015. Phase 1, which spans about 15.7ha, includes three blocks of residential hostels which are expected to
      384 words
    • 446 12  -  By RONNIE LIM AFTER an earlier delay, Indonesia has started piping some additional natural gas to Singapore albeit a small volume for plant commissioning purposes only under a second gas supply agreement (GSA) it has with importer Sembcorp. This is a
      446 words
    • 500 12  -  By MINDY TAN THREE sites are being launched for sale by public tender today. The first, Thomson View Condominium, has a total land area of 540,314 sq ft, and is zoned for residential use, with a gross plot ratio of
      500 words
  • Page 12 Advertisements
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      71 words
    • 18 12 Pacify the Raging Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices MATS NOTICES
      18 words

  • SME Inc
    • 924 13  -  Poh Wah Group has evolved to provide one-stop construction products and services and is eyeing further expansion, reports TAM YU LING AS one of the companies listed in this year’s SME 500 Companies, Poh Wah Group’s meteoric rise belie its humble origins. Formed in 2006, it
      ARTHUR LEE  -  924 words
    • 1206 14  -  It has won top spot in the E50 awards for two years running, report GUAN MEISI, LEE KANG HAO and LIM JIA YING The writers are students from NUS Business School CRUISE down an expressway in Singapore and it is quite likely that you have
      FILE PHOTO  -  1,206 words
    • 1008 14  -  By LEONARD LAW YU CHENG, DAELUS LU JIAJI, APPLE YE QING The writers are students from NUS Business School WILD fluctuations in price can turn sugar trading decidedly sour. So, protecting itself and its customers from the vagaries of the market is
      FILE PHOTO  -  1,008 words
    • 636 15  -  Yew Choon is among the few that are able to transport MRT train cars, report JONATHAN CHEE, ONG WEE SERN, TAI LEE YU The writers are students from NUS Business School YEW Choon, recipient of the Singapore 1000 Awards for the past three years,
      FILE PHOTO  -  636 words
    • 462 15 ASK NUS PROFS Q: Like many other companies, we see some difficulty in getting our employees to consume all their annual leave. Then there are those who have to forfeit some leave after already accumulating them for over two years. What are the causes and
      462 words
  • Page 13 Advertisements
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  • Page 15 Advertisements
    • 78 15 WAREHOUSING LOGISTICS SERVICES Warehouse Space (120 7,000 sq ft) Open Storage Space (3,100 25,000 sq ft) Trucking of Haz Non-Haz Chemicals Oil Products General Purpose Containers Container Isotank Depot Services Other Logistics Services Agents Welcome Call 9797 1029 9178 6185 SLEEP ON WATER! Due to a lack of pressure points,
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  • CUSTOMER SATISFACTION INDEX OF SINGAPORE
    • 981 16  -  Restaurants were the top scoring sub-sector in the latest Customer Satisfaction Index, reports TEH SHI NING SINGAPORE’S food and beverage (F&B) sector has managed to raise customers’ satisfaction from a year ago, but some industry players say that high staff turnover remains a big challenge which,
      FILE PHOTOS  -  981 words
    • 930 16  -  By TEH SHI NING VISITORS to attractions such as the Singapore Zoo and Sentosa are leaving happier this year than they were a year ago the tourists more so than locals. The latest Customer Satisfaction Index of Singapore (CSISG) survey produced a five-point
      930 words
    • 1189 17  -  Survey identifies three key drivers of customer satisfaction in CSISG model, reports TEH SHI NING SLASHING prices to bring in the crowds is an age-old market tactic, but is not perhaps the best way to keep the customer satisfied and loyal. And with consumers less
      1,189 words
    • 740 17  -  By TEH SHI NING KEEPING up their tradition of excellence in hosting guests, all five individually-scored hotels on the latest Customer Satisfaction Index of Singapore notched up scores higher than any of the other companies measured thus far this year. The Institute of
      740 words

  • Page 17 Advertisements
    • 275 17 *ffW!CT ini|iimWlffrrr-.T!tlifl A HOLISTIC APPROACH TO CUSTOMER SATISFACTION LEVERAGING ON THE CSISG TO ENHANCE COMPETITIVENESS The Customer Satisfaction Index of Singapore (CSISG) is an annual study jointly developed by the Institute of Service Excellence at Singapore Management University (ISES) and the Singapore Workforce Development Agency (WDA) which has served as
      275 words
    • 56 17 SMU JL INSTITUTE OF SERVICE EXCELLENCE SINGAPORE MANAGEMENT UNIVERSITY A quarterly series brought to you by the Institute of Service Excellence at Singapore Management University (ISES). Featuring findings from the Customer Satisfaction Index of Singapore, it also reveals insights on leadership and strategy from industry leaders, particularly in leveraging customer
      56 words

  • ECONOMY WATCH
    • 555 18 After the property bubble burst, it no longer knows where to find its growth AFP [MADRID] Record unemployment, stalled growth and debt-struck households and businesses: Spain has a long road to travel before it can put the 2008 property bubble collapse behind
      AFP; AP  -  555 words
    • 376 18 Though dogged by scandal, more cap-and-trade schemes on the horizon Point Carbon [LONDON] Gone are the days when carbon trade was seen as a vital policy tool to cut emissions at the cheapest cost, and not many people talk about its prospects for overtaking
      Point Carbon  -  376 words
    • 392 18 Reuters [WASHINGTON] The US congressional “super committee” is at a difficult point in negotiations on a deficit-reduction deal, but lawmakers said on Sunday they had not given up reaching an agreement by this month’s deadline. The special congressional committee is tasked
      Reuters  -  392 words
  • Page 18 Advertisements
    • 1086 18 thebusinesstimeswww.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
      1,086 words

  • MALAYSIA/INDONESIA
    • 462 19  -  Strong showing attributed to robust regional growth, boosting loans By Kuala S JAYASANKARAN in Kuala Lumpur MALAYSIA’s largest lender Malayan Banking, or Maybank, recorded a 25 per cent increase in its first-quarter net profit to RM1.28 billion (S$525 million) yesterday on the back
      462 words
    • 181 19 Xinhua [JAKARTA] Indonesia’s accounting and auditing framework has been improving significantly in the last five years, the World Bank said yesterday. Its Report on the Observance of Standards and Codes, released here, notes that the passing of the Public Accountants Act in 2011 had provided
      Xinhua  -  181 words
    • 470 19 They want a declaration that they are entitled to be registered as absent voters [KUALA LUMPUR] Six Malaysians in Britain have been granted leave to seek a judicial review concerning the Election Commission’s (EC) decision to not register them as absentee
      470 words
  • Page 19 Advertisements
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    • 154 19 A SINGAPORE WSl WORKFORCE SKILLS M QUALIFICATIONS Endless Possibilities w <y. ii h Hi m> s* P o is* 4 Vr, f I If happiness is ice cream, then a trip to Swensen's Ice Cream and Dessert Buffet at ION Orchard will be a truly joyful occasion. It serves more
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  • GREATER CHINA/INDIA
    • 521 20 This adds to funding challenges for those already facing high borrowing costs Bloomberg [MUMBAI] Indian companies’ international bond sales have dried up this quarter, after the European debt crisis pushed borrowing costs to the most in more than two years. Sales
      Bloomberg  -  521 words
    • 469 20 Bloomberg [HONOLULU] China’s President Hu Jintao pledged to boost imports as the world’s second-biggest economy heads for what the top Chinese International Monetary Fund (IMF) official said was a successful downshift from inflationary growth. IMF deputy managing director Zhu Min and China’s National Economic
      Bloomberg  -  469 words
    • 223 20 Reuters [BEIJING] China’s annual monthly inflation is on track to fall below 5 per cent before the end of 2011 as the rise of food costs eases, the official Economic Daily reported yesterday, citing a forecast by the country’s top economic
      Reuters  -  223 words
    • 548 20 13 rate hikes since early last year have failed to tame prices Reuters [NEW DELHI] India’s headline inflation was unchanged in October, worse than forecast and above the 9 per cent mark for the eleventh straight month, complicating monetary policy for the Indian
      Reuters; REUTERS  -  548 words
  • Page 20 Advertisements
    • 289 20 Ik T I 1 1 Toll free 1800-289-8822 I #11 fVII II II l-( V Email notices@sph.com.sg 1 W JL, ll www.cats.com.sg/notices RICKMERS MARITIME Registration Number: *****03 (Constituted under the laws of Singapore) Managed by Rickmers Trust Management Pte. Ltd. NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY
      289 words
    • 433 20 In the Matter of The Companies Act (Chapter 50) And In the Matter of IMT ASIA PTE. LTD. (In Members’ Voluntary Liquidation) Co. Reg. No. *****2881Z NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the
      433 words
    • 360 20 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ARMFII KASHIWA (S) PTE LTD UN MEMBER'S VOLUNTARY LIQUIDATION! (COMPANY REGISTRATION NO. *****1690M) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of
      360 words
    • 188 20 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ARMFII KASHIWA HOLDING IS) PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****1693E) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting
      188 words

  • WORLD
    • 826 21  -  Tokyo denies claim PM agreed to put everything on table in talks to enter pact By in ANTHONY ROWLEY in Tokyo JAPAN has not agreed to put “everything on the table” in negotiating the country’s possible entry into the Trans-Pacific Partnership (TPP),
      REUTERS  -  826 words
    • 374 21 It will also challenge our concept of ownership, copyright NYT [WASHINGTON] Downloading quite often stealing, in the eyes of the law music, movies, books and photos is easier than bobbing for apples in a bucket without water. It has kept legions of lawyers
      NYT  -  374 words
    • 317 21 Optimism of filing by Dec 14 deadline eases delisting fears AFP [TOKYO] Shares in scandalhit Olympus rebounded 17.39 per cent in trade here yesterday on optimism that the company will meet a Dec 14 deadline to report its earnings, easing fears that the stock will be
      AFP  -  317 words
    • 605 22 He’s free marketeer with close links to EU and international policy-making elite Reuters [ROME] Mario Monti, the economist who will head an emergency Italian government following the departure of Silvio Berlusconi, brings credentials earned in a decade of battles as a
      Reuters  -  605 words
    • 577 22  -  Vested interest to tackle growth and piracy challenges By MALMINDERJIT SINGH in Bangalore COUNTRIES in the Indian Ocean need to expand economic and political ties so as to have a vested interest in the growth of the region and to address common issues such
      AP  -  577 words
    • 357 22 Bloomberg [NEW YORK] Bank of America Corp (BOA), the sec-ond-biggest US lender by assets, agreed to sell almost all of its remaining China Construction Bank Corp (CCB) stake after divesting about 13 billion shares in August to bolster capital. BOA
      Bloomberg  -  357 words
    • 479 22 Reuters [NEW YORK] Warren Buffett said his Berkshire Hathaway Inc has accumulated a 5.5 per cent stake in IBM, the billionaire investor’s biggest bet in the technology field he has historically shunned. Mr Buffett said he was convinced by IBM’s long-term roadmap and by
      Reuters  -  479 words
  • Page 21 Advertisements
    • 378 21 UNIQUE OPPORTUNITY FREEHOLD/LANDED PROPERTY IN ONE OF LONDON'S MOST DESIRABLE LOCATIONS I. P&l J iC i 1 1 q lin nil! fil 9 ni II II II II if *1 II It CENTRAL LONDON, RUSSELL SQUARE, WC1 (ZONE 1) HEATHROW SOUTH AIRPORT KENSINGTON OXFORD KNIGHTSBRIDGE HYDE CIRCUS PARK TOTTENHAM PICCADILLY
      378 words

  • Page 22 Advertisements
    • 144 22 m Start bidding with The New Paper and stand to win prizes worth up to $75,000! For 8 weeks, TNP$ printed in denominations of 100, 200, 300, 400, 500 can be found in The New Paper and The New Paper on Sunday. Pick up a copy, save up and start
      144 words

  • AVIATION
    • 404 23 AFP [KUALA LUMPUR] AirAsia chief Tony Fernandes yesterday revealed his plans to start a new super-premium regional airline in partnership with national carrier Malaysia Airlines. “Here is another idea that has come out of AirAsia which will create more more value, more jobs and more
      AFP; AP  -  404 words
    • 374 23 AFP [DUBAI] Louis Gallois, chief of the European aerospace and defence giant EADS, called for a change in the shareholding structure of the group by which France and Germany would give up their controlling shares. The German government and Daimler
      AFP  -  374 words
    • 184 23 AFP [NEW YORK] American airlines have slammed US government subsidies given to foreign rivals which buy Boeing planes and want US$3.4 billion of loan guarantees given to Air India to be reconsidered, a report said on Sunday. The Wall Street Journal
      AFP  -  184 words
    • 520 23 AirTran drops service to 10 of 71 cities it served earlier Bloomberg [ATLANTA] Southwest Airlines Co is adding flights from Houston Hobby airport and Chicago Midway while its AirTran unit will begin service to Puerto Rico and Mexico as the carriers
      Bloomberg  -  520 words
    • 777 23 Kingfisher, SpiceJet, Jet Airways have slumped 65% in Mumbai this year Bloomberg [NEW DELHI] Even billionaires cannot figure out how to make money in Indian aviation. Kingfisher Airlines Ltd, controlled by brewing tycoon Vijay Mallya, will report a second-quarter loss, following Kalanithi
      Bloomberg  -  777 words
  • Page 23 Advertisements
    • 109 23 Wherever you go, never miss out on the stock market action with ShareInvestor Mobile Download for FREE from Apple Apps store for iPhone, iPad users and Android Market for Android users. Get it now. Scan QR Code with your mobile and learn more about our application.* Android iPhone You will
      109 words
  • Page 23 Miscellaneous
    • 317 23 CRYPTIC CROSSWORD Across 1 Tolerate what a hippo may do after the end of rains (7) 9 Are U-boats destroyed without a destroyer? (8) 10 Vehicles carrying favourite rugs (7) 11 Set off for appointment outside school (8) 12 The confidence to contradict female (6) 13 Chance with love for
      317 words

  • 2224 24 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
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  • Page 24 Advertisements

  • SHIPPING
    • 432 25  -  Singapore Cruise Center ties up with WWF to raise awareness By LYNN KAN [SINGAPORE] As the Singapore Cruise Center (SCC) turned 20 yesterday, it gave itself the best present it could give: a good cause. The cruise-terminal operator has teamed up with the World Wildlife
      FILE PHOTO  -  432 words
    • 644 25 Angeliki Frangou is seeking a ‘large transaction’ for a ‘group of assets’ Bloomberg [LONDON] Angeliki Frangou, who heads three shipping companies controlling more than 100 vessels, said bankruptcies within the industry will accelerate as lending dwindles, allowing her to purchase assets that plunged in value.
      Bloomberg  -  644 words
    • 419 25  -  Shipping trust posts US$11.1m profit, against US$54.6m loss previously By LYNN KAN [SINGAPORE] Rickmers Maritime declared distribution per unit for the third quarter that was 5 per cent up y-o-y to 0.60 US cents from 0.57 US cents previously. Rickmers’ DPU has
      419 words
    • 221 25 Reuters [SINGAPORE] Spot demand for supertankers carrying Middle East crude oil surged to a record high of as much as 137 fixtures in November, representing 9.13 million barrels of oil per day, ship brokers said yesterday. The unprecedented activity in the spot tanker
      Reuters  -  221 words
    • 278 25 SGX '000 Nov 14 S$ +/-Vol CH Offshore 0.37 0.01 48 Chuan Hup Hldg 0.22 0.01 50 Cosco Corp 0.93 0.01 6686 CWT Ltd 1.07 0.02 132 Ezra Hldgs 0.94 0.01 2313 First Ship Lea 0.31 unch 1252 Freight Links 0.06 unch 987 Grand Banks unch unch 0
      278 words
  • Page 25 Advertisements
    • 32 25 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES
      32 words
    • 34 25 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. THE BUSINESS TIMES SHIPPING TIMES Legal services required by shippers owners Can they find your services here in the Shipping Times?
      34 words

  • EDITORIAL & OPINION
    • 498 26 EDITORIAL OVER the last few years, exchange-traded funds (ETFs) have been hailed as an investment staple, a relatively hassle-free way to obtain market exposure at a fraction of the fees that an actively managed fund would charge. Their accessibility and convenience have found a ready
      498 words
    • 739 26  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group AMERICANS think of themselves as problem-solvers, but the housing collapse has so far eluded all solutions. Perhaps 10 million homes have gone into foreclosure since 2006; millions more will follow. From their peaks during
      The Washington Post Writers Group  -  739 words
    • 1120 26  -  Gold-backed bonds will buy euro area time, allow stricken nations to depart from the zone NEIL BEHRMANN London Correspondent London correspondent Neil Behrmann is the author of ‘Trader Jack The Story of Jack Miner’ A SOLUTION to the eurozone crisis is staring
      REUTERS  -  1,120 words
    • 1597 27  -  The best hope of achieving that would be to cut a new agreement with the IMF, but there will be tight fiscal policies By HUGO DIXON REUTERS BREAKINGVIEWS THE euro zone is like Hotel California, UBS wrote in a report published in September. “You
      REUTERS; AFP  -  1,597 words
    • 730 27  -  By ANDRÉS VELASCO in Santiago Andrés Velasco, a former finance minister of Chile, is a visiting professor at Columbia University VISIT London nowadays and you will notice something strange going on: the worse the British economy tanks, the more fervently Prime Minister David Cameron’s ministers and
      AFP  -  730 words


  • SINGAPORE STOCKS
    • 8064 28 Transaction date: Nov 14 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 11.6 8Telecom 15.5 10.5 15.5 7.8 3.9 3.2 74.2 9.5 4.1 A-Sonic 4.6 -0.2 3 4.6 4.6 4.6 5.4
      8,064 words
    • 1585 29 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 12.2 t 800 Super 13.2 +0.2 200 13.2 13.2 13.1 13.2 4.7 4.2 5.1 23.6 5.5 2.5 t AA Grp 3.3 2.6 3.3
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    • 10050 29 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.16/ APS Alpha Fund (USD)!** 0.9/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.61/ Aberdeen Asset Mgt Asia Limited American Opp 0.6269/ Asian Credit Fund
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    • 227 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A39 39.5 44 3.6 9 3.1 101.6 49 25.5 Genting HK US$ US28 -0.5 8529 29 28 28 28.5 1843.7 15 10 OGL Resources
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    • 850 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 118.9 +2.6 2 118.9 118.9 116.1 118 542.8 1261 856 CIMBAsean40 100US$ US985 +31 53 985 968 975 985 39.4
      850 words
  • Page 28 Advertisements


  • FINANCE & COMMODITIES
    • 373 30 Copyright© 1991 Morgan Stanley Capital International In local curr In S$ In US$ dy yr dy yr dy yr Nov 11 Index Change Change Change Change Change Change World Preliminary 835.4 1.8 -6.9 1.7 -5.5 2.3 -5.8 EAFE Preliminary 685.2 1.6 -14.5 2.0 -11.7 2.6
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    • 128 30 As on 11 November 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT DEC2011 1785.50 1762.50 1788.20 256 SILVER FUT DEC2011 34.700 33.800 34.685 42 CURRENCY AUD-USD FUT DEC2011 1.0133 1.0062 1.0237 2908 EUR-USD FUT DEC2011 1.3794 1.3596 1.3750 7693 GBP-USD FUT
      128 words
    • 77 30 CRUDE OIL PRODUCTS Nov 11 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 113.25 1.20 WTI (Near Mth) 98.95 1.29 Dubai (1-Mth F) 109.06 0.97 Tapis blend 120.46 0.84 Minas 116.66 1.84 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.11 0.64 Jet Kerosene 131.40 2.25 US$/barrel Opec Oil
      77 words
    • 107 30 Nov 11 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 11 1166.00 1158.00 1168.00 1159.25 Jan 12 1175.50 1167.50 1181.00 1168.00 Mar 12 1185.75 1177.25 1190.75 1179.00 May 12 1196.00 1187.00 1201.00 1188.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 11 50.98
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    • 77 30 Nov 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 16.02.2012 0.32 1-Year BY*****W 01.11.2012 0.30 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.43 5-Year N*****0W 1.125 01.04.2016 102.46 10-Year NX*****X 2.250 01.06.2021
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    • 454 30 Nov 14 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4300 0 2232 Mar12 99.3350 0 3264 Jun12 99.3200 0 1151 Sep12 99.3050 0 541 EUROYEN TIBOR FUTURES Dec11 99.6750 183 2477 Mar12 99.6725 271 1954 Jun12 99.6750 0 1470 Sep12 99.6725 0 710 Dec12 99.6700
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    • 176 30 Nov 14 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 11 334.0 334.0 334.0 8 372 Jan 12 342.0 334.0 335.0 56 294 Feb 12 338.0 338.0 339.3 4 205 Mar 12 342.1 342.0 342.0 12 280
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    • 69 30 Nov 11 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2144.35 2122.25 3 months 2162.00 2140.00 Copper, Grade A (US$/tonne) Cash 7620.50 7457.25 3 months 7639.00 7476.50 Lead (US$/tonne) Cash 1970.00 1917.75 3 months 1995.00 1943.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.50
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    • 82 30 Nov 11 COCOA (£/tonne) Close Prev High/Low Dec 11 1575 1583 1594/1565 Mar 12 1596 1605 1614/1584 May 12 1610 1620 1629/1600 Jul 12 1625 1637 1645/1615 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1802 1780 1802/1801 Jan 12 1850 1837 1869/1830 Mar 12 1887 1875 1902/1868 May 12
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    • 2082 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 45 52.50 30 ASJ Hldgs W*****1 0.2 1 4 27 16.50 3 AlliedTech W*****2 1.7 1 4 24 Ascendas Reit.ES.1111 203 Aztech Grp W*****3 0.4
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    • 464 30 Nov 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.044 6.526 0.748 7.991 51.499 91.974 0.792 11.549 3.221 1.308 89.052 44.451 1.320 8.106 0.926 30.987 31.620 0.641 1.027 Canada 0.958 6.254
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    • 82 30 Nov 14 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 138 30 Nov 14 GOLD (US$/oz) Nov 11 Nov 14 Hong Kong 1766.00 1786.00 Nov 10 Nov 11 London 1744.55 1775.22 1745.35 1776.22 Source: Thomson Reuters CAST BAR Nov 14 (S$) Selling Buying Kilobar 78,961.72 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 177 74 5gm 502 368 10gm 897
      138 words
    • 57 30 Nov 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 11 3190 3170 3195 3190 12 684 Dec 11 3183 3208 3208 3175 400 ***** Jan 12 3172 3195 3198 3162 7476 ***** Feb 12 3170 3194
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    • 24 30 Nov 14 Open High Sett STI Nov 2829 SIMSCI Nov 316.8 324.6 323.8 Taiwan Nov 261.1 268.5 267.0 Source: SGX Derivatives
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    • 154 30 Nov 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3197 1.3210 1.0272 1.0274 Canadian dollar 1.2644 1.2660 0.9842 0.9846 Euro 1.7644 1.7659 1.3733 1.3734 NZ dollar 1.0084 1.0105 0.7849 0.7859 Sterling pound 2.0597 2.0617 1.6031 1.6034
      154 words
    • 22 30 Nov 14 S$ Bid Offer 1-month 1.2848 1.2858 2-months 1.2847 1.2858 3-months 1.2846 1.2856 6-months 1.2826 1.2839 Source: OCBC
      22 words
    • 121 30 As at 9am Nov 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.349 1.285 Can dollar 1.289 1.24 Euro 1.795 1.726 Sterling pound 2.094 2.014 NZ dollar 1.038 0.989 US dollar 1.3 1.25 Local dollars to 100 units of foreign
      121 words
    • 157 30 Nov 14 Nov 14 $S Offer Bid 0vernight 0.01 par 1-month 5/16 3/16 2-months 5/16 3/16 3-months 5/16 3/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.55 0.35 3 months 0.60 0.40 6 months 0.80 0.60 9 months 0.95
      157 words

  • PROPERTY
    • 501 31 It’s putting 100b yen over 3 years outside core district; sees market improving Reuters [TOKYO] Japan’s Mitsubishi Estate said yesterday that it plans to sharply increase new investments in central Tokyo outside its core district of Maruouchi to about 100 billion yen (S$1.67 billion) over
      Reuters; BLOOMBERG  -  501 words
    • 409 31 Part of this amount will fund new malls locally and in China Reulers [MANILA] Philippine prop-erty-to-banking group SM Investments Corp said yesterday it will spend a record 56.8 billion pesos (S$1.7 billion) in 2012, part of which would fund new malls locally
      Reulers  -  409 words
    • 514 32  -  Sim Lian also sells about 200 of 240 units at Parc Vera since Oct 28 launch By MICHELLE TAN [SINGAPORE] The Palette residential development at Pasir Ris Grove saw a brisk take-up of 200 units at its preview launch last weekend. City Developments
      514 words
    • 336 32  -  Q3 gain is mostly due to Greater China: CBRE report By UMA SHANKARI [SINGAPORE] Rental growth for logistics space in the Asia-Pacific region accelerated in the third quarter, although growth in land and capital values slowed, says a new report from CBRE.
      336 words
    • 589 33  -  Ringgit-based loans only for prime sections of Sydney and Melbourne By in Kuala PAULINE NG in Kuala Lumpur AS Malaysians zero in on international real estate, OCBC Bank Malaysia is offering ringgit-based mortgages but only on “residential properties in prime sections of Sydney and Melbourne”.
      BLOOMBERG  -  589 words
  • Page 31 Advertisements
    • 29 31 Swffi a a shown is n„, 3.8M CEmG— Check this out and SAT3 many other properties in CATS Classified in The Straits Times now! BUY IT• SELL IT-FIND IT
      29 words
    • 250 31 DRAYCOTT PARK PRIME FREEHOLD RESIDENTIAL REDEVELOPMENT SITE Stevens Road The Draycott Draycott 8 Subject Property Ardmore Park The Tanglin Club Goodwood Park Hotel Venn •mi* The Claymore The Tanglin Club Sports Centre The American Club Contact: CBRE PTE. LTD. Investment Properties Tel: 6224 8181 6 Battery Road #32-01 Singapore *****9
      250 words
    • 90 31 Estate Agent Licence No.: L*****01G DTZ Debenham Tie Leung (SEA) Pte Ltd Large Elevated Residential Site at Upper Bukit Timah Contact: DTZ Investment Advisory Services Tel: 6293 3228 Not To Scale. For Reference Only Freehold Site Area 14,035.3 sq m (151,075 sq ft) MP 2008 ‘Residential’, PR 1.4, 5 storeys
      90 words

  • Page 32 Advertisements
    • 693 32 JONES LANG LASALLE Jones Lang LaSalle Property Consultants Pte Ltd CEA Licence No. L*****26E FOR SALE BY PUBLIC TENDER LARGE FREEHOLD REDEVELOPMENT SITE WITH PANORAMIC VIEWS Site Area:50,607.9 sq.m 544,738 sq.ft Zoned residential use, plot ratio 1.6 (up to 12 storeys) Within close proximity to Singapore Island Country Club (SICC)
      693 words

  • Page 33 Advertisements
    • 275 33 WILBY CENTRAL Newly Refurbished Serviced Apartments Studio 2-Bedrooms Modern Decor with High Tech Features 5 minutes' walk to MRT Stations/ Shopping Malls Complimentary shuttle bus service to Orchard Road/Newton/Holland Village Complimentary broadband internet service local calls For more information, visit www.wilbyresidenoes.com A MEMBER OF TAN CHONG INTERNATIONAL Managed By: WILBY
      275 words

  • LEADERS' PERSPECTIVE
    • 1089 34  -  In taking the helm at Norway’s largest bank, Rune Bjerke has found himself playing unexpected roles blogger and Facebook user. By JOYCE HOOI DNB Nor’s chief executive officer, Rune Bjerke, has been many things in his lifetime political adviser, city commissioner and head of a utility firm.
      ARTHUR LEE  -  1,089 words
  • Page 34 Advertisements
    • 217 34 WHAT IS THE TRUE MEASURE OF LEADERSHIP? PURPOSE. When a leader has substance, he takes people where they ought to be, not where they want to go. The BMW 7 Series is what a sustainable future looks like, Where power and efficiency are articulated in thoughtful, innovative ways. With groundbreaking
      217 words