The Business Times, 28 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 Monday, November 28,
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  • 717 1  -  By LEE U-WEN [SINGAPORE] Gone are the days of “clean sweeps” at the polls as well as “safe wards” where victory over the opposition is all but guaranteed. Future general elections will be fiercely contested, Prime Minister Lee Hsien Loong said
    CHEW SENG KIM/THE STRAITS TIMES  -  717 words
  • 1006 1  -  Use of proceeds the key factor in how market receives rights offers, analysts say By KENNETH LIM [SINGAPORE] A recent rash of rights issues has irked existing investors because they must pay up or be diluted, but not all cash calls are
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  • 158 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST INDEX 2,643.93 -86.41 KL COMP 1,431.55 -22.85 NIKKEI 225 8,160.01 -214.90 HANG SENG 17,689.48 -801.75 SET INDEX 967.18 -16.98 JAKARTA COMP 3,637.19 -117.31
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  • Page 1 Advertisements
    • 185 1 DINING OUT Crowd-pleasing portions PAGE 23 BizIT For laptops, slim is good, says Intel PAGE 29 HOCK LOCK SIEW Can UOB win over the rising rich? PAGE 7 VIEWS FROM THE TOP Preparing for 2012 PAGES 10 11 SINGAPORE HUBLOT BOUTIQUE MARINA BAY SANDS® TAKASHIMAYA S.C. KNIGHTSBRIDGE ION ORCHARD TANG
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    • 2 1 *****1 *****4
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  • TOP STORIES
    • 562 2 Cash calls for $1.9b test investors in Q4 A RECENT rash of rights issues has irked existing investors because they must pay up or be diluted, but not all cash calls are bad news, analysts say. The eight listed companies whose announced rights issues expire in the fourth
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    • 643 2  -  OCBC risk chief flags unintended effects of building up bank balance sheets By CONRAD TAN [SINGAPORE] The new Basel III rules for banks could hurt the global economy at a time when the biggest economies are already flirting with recession, warned a
      643 words
    • 377 2  -  By MICHELLE TAN [SINGAPORE] Deleveraging has become a key theme among international banks, with Asian banks and debt capital markets (DCMs) being likely beneficiaries, said Mark Newman, Asia head of financial markets at ING Bank, at a recent interview. Over the past few months,
      377 words
    • 634 3  -  Amount is less than half they last sold in Q1 a net amount of US$2.11 billion By CHUANG PECK MING [SINGAPORE] In a quarter when Wall Street saw the biggest drop in prices since the collapse of Lehman Brothers, Singapore investors
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    • 800 3  -  By VIKRAM KHANNA [SINGAPORE] The European Central Bank (ECB) should be allowed to be more active and serve as the lender of last resort to help defuse the crisis in the eurozone, according to John Bruton, former prime minister of Ireland.
      BLOOMBERG  -  800 words
    • 994 3  -  Students from China, India, S Korea make up half of all international students there By SHU-CHING JEAN CHEN in Hong Kong IT has been a mutually beneficial relationship dating back more than two decades. American consumers buy affordable Asia-made goods; Asians pay for higher
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  • Page 2 Advertisements
    • 44 2 Fed Express YOUR HANDS TODAY IN HERS TOMORROW. Critical medical supplies? We deliver overnight to 22 key cities across Asia-Pacific. With a highly committed 16,000-strong team making sure it gets there when it matters most. Call 1800 743 2626 or visit fedex.com/sg. We to
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  • Page 3 Advertisements
    • 34 3 LGT your private bank in Asia. Integrity. Stability. Performance. Combining traditional private banking with state of the art investment advice. Singapore, Phone +65 64 15 38 00 Hong Kong, Phone +852 2868 0201 www.lgt.com
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  • COMPANY NEWS
    • COMPANY BRIEFS
      • 171 4 FROZEN fish supplier Pacific Andes Resources Development reported a smaller net profit in fiscal 2011 due to higher expenses from a one-time charge related to the early redemption of China Fishery Group’s senior notes. For the full-year ended Sept 28, 2011, the mainboard-listed company saw
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      • 102 4 CHINA Fishery Group reported an 11 per cent drop in net profit to US$103.7 million for the year ended Sept 28 from US$116.5 million a year ago due to one-time charges from the redemption of senior notes. The mainboard-listed industrial fishing company said
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    • 797 4  -  As of 2011, the group has some 30,000 residential units in the pipeline By MINDY TAN CAPITALAND appears to have found relative success in China’s residential market, even as China’s real estate sector is being subject to significant government cooling policies. Indeed, the group
      797 words
    • 637 7  -  HOCK LOCK SIEW By EMILYN YAP UNITED Overseas Bank’s (UOB) new Wealth Banking service for emerging affluent customers is a good idea, but it may have come a tad late. What it says is an “underserved” segment has already caught the eyes of
      637 words
    • 275 7 COMPANY MEETING PLACE DATE TIME Beyonics Tech A Raffles Marina, Bridge Room, 10 Tuas West Drive, Singapore *****4 29-Nov 9.00am China Sky Chem E Room 314, Level 3, Suntec Singapore, International Convention Exhibition Centre, 1 Raffles Boulevard, Suntec City, Singapore *****3 30-Nov 10.00am TTJ Hldgs A E 8
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    • 403 7 Nov 25 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
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  • Page 4 Advertisements
    • 1184 4 Collective Sale by Tender Hilltop Site Near Holland Village Not To Scale. For Reference Only. Site Area 7,830.7 sq m (Approx. 84,288 sq ft) MP 2008 Zoned ‘Residential’ at Plot Ratio 1.6 Within walking distance to Holland Village, Holland MRT Station and Commonwealth MRT Station. Minutes’ drive to Dempsey Hill,
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  • Page 5 Advertisements
    • 161 5 OCBC CYCLE SINGAPORE 2-4 MARCH 2Q12 ANYONE CAN RIDE OCBC.cyclesingapore.com.sg OCBCCycleSingapore Q@OCBCCycleSG SIGN UP FOR THE RIDE OF YOUR LIFE N WG/>, o c. s <S> HB *9 w OCBC Cycle Singapore 2012 is now open for registration! Introducing a brand new category: The Junior Challenge (30 minutes) for 10
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  • SINGAPORE MARKETS
    • 658 6  -  STOCKS R SIVANITHY Senior Correspondent IT’S been a long time since direction in equity markets was dictated by movements in bond yields, but such is the case now. The last time was in the latter half of the 1990s when world equity markets gyrated
      658 words
    • 508 6 CURRENCIES Bloomberg [NEW YORK] The euro slid for a fourth week, its longest losing streak versus the dollar in 18 months, as Germany’s struggle with a bond auction last week signalled Europe’s debt crisis is touching the region’s most
      Bloomberg  -  508 words
    • 1666 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 2 9.15 10.44 1.32 0.96 Amtek Engg Ltd 2.60 2.00 5 0.08 4.37 0.84 0.49 ARA Asset Mgt Ltd 1.71
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    • 522 6 COMMODITIES AFP [LONDON] Commodity prices fell further last week on a mix of fresh eurozone tensions, a stronger dollar and weak data out of China and the US, traders said. Oil: Oil prices retreated after winning support early in the week from tensions linked
      AFP  -  522 words
    • 4 6 WEEKLY
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    • 64 6 Nov 25 VALUE CLOSE BT OB/OS -786.00-215.00 BT CADI -*****.00-158.00 BT 10-day MA -*****.00 -79.00 FTSE ST Mid Cap 592.31 -8.04 FTSE ST Small Cap 404.32 -3.53 FTSE ST All Share 636.23 -7.94 FTSE ST China Top 185.48 -3.37 FTSE ST China 220.12 -2.50 FTSE ST Catalist
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    • 58 6 VOLUME Golden Agri 464,094,000 Genting SP 418,007,000 Noble Grp 371,207,000 PSL Hldgs 245,003,000 NexGenSCom 191,675,000 Memstar 189,447,000 TopGlobal 144,091,000 HPH Trust US$ 129,465,000 SingTel 115,498,000 MDR 112,842,000 VALUE($) Genting SP 627,935,030 Noble Grp 404,900,528 UOB 370,518,814 SingTel 358,672,766 Golden Agri 308,132,836 DBS Grp 254,845,962 OCBC Bk 206,775,030
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    • 114 6 BY CENTS CLOSE UP DBXT iBoxxUSTr 5US$ ***** 1008.0 3.9 DBXT S&P Short 10US$ 4558 295.3 5.2 Jardine C&C 4500 51.0 1.1 ShangriLa Asia 1588 40.1 17.6 DairyFarm 842 36.8 3.4 OCBC Bk 4.5%NCPS 100 ***** 30.0 0.3 DBXT MSBANGL 10US$ 126.9 16.0 10.6 OCBC Bk 5.1%NCPS 100 *****
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    • 121 6 BY CENTS CLOSE DOWN DBXT iBoxxSvEu 5US$ *****-3721.0 -11.6 DBXT AUDMM 5SG$ *****-697.0 -2.7 DBXT Nifty 10US$ 9134-675.9 -5.3 GLD 10US$ *****-661.5 -3.0 IS S&P500 *****-484.3 -3.0 Lyxor AsiaMT 10US$ 5037-418.7 -6.0 DBXT E50 10US$ 3120-405.6 -9.0 DBXT SPASX200 10US$ 2940-384.6 -9.1 DBXT MSEurope 10US$ 3681-362.3 -7.0 DBXT MSKorea
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    • 5 6 WEEKLY
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    • 164 8 NOV 25 BID PRICE VALUE WEEK-ON-WEEK CHANGE Auric Pacific 0.520 2.0 3,120 Fortune Reit 0.592 1.9 7,696 Golden Agri-Resources 0.670 1.5 18,760 Fuxing China 0.066 0.0 3,432 Guocoleisure 0.595 0.0 5,950 QAF 0.580 -0.9 14,500 SanTeh 0.570 -0.9 8,550 Sunningdale Tech 0.094 -1.1 4,700 China Flexible Packaging
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    • 484 8  -  TEH HOOI LING Senior Correspondent THERE is no end to the eurozone woes as yet, given still-rising sovereign bond yields and a lukewarm response to bonds launched by even the financially strongest country, Germany, which spooked investors last week. In Singapore, the Straits
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    • 145 8 NOV 25 BID PRICE VALUE WEEK-ON-WEEK CHANGE Top Global 0.008 14.3 4,000 Sinostar 0.145 8.2 8,990 Reyphon Agriceutical 0.085 6.3 17,000 China Energy 0.059 3.5 2,419 China Titanium 0.003 0.0 375 Lereno Bio-Chem 0.003 0.0 750 MoyaDayen 0.055 -1.8 6,875 Jiutian Chemical 0.050 -3.8 4,500 Sunshine 0.062
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    • 170 8 NOV 25 BID PRICE VALUE WEEK-ON-WEEK CHANGE TT Int'l 0.020 11.1 900 Longcheer 0.083 1.2 1,577 Nera Telecoms 0.365 0.0 8,030 Shanghai Asia 0.168 -0.6 6,384 Metro 0.640 -1.5 7,040 FJ Benjamin 0.295 -1.7 7,375 Singapore Shipping Corp 0.175 -1.7 3,675 Elec Eltek Int'l 3.413 -1.8 10,239
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    • 1490 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director at Asia Insider Ltd THE buying among directors surged while sellers were absent last week, based on filings on the Singapore Exchange from Nov 21 to 25. A total of 24 companies recorded
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    • 164 8 NOV 25 BID PRICE VALUE WEEK-ON-WEEK CHANGE Armstrong Industrial 0.240 2.1 9,120 Food Empire 0.315 1.6 3,465 Golden Agri-Resources 0.670 1.5 18,760 Pacific Shipping Trust 0.551 1.3 11,020 Biosensors 1.320 0.0 26,400 The Hour Glass 1.040 0.0 9,360 CSE Global 0.805 -0.6 5,635 Li Heng 0.120 -0.8
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    • 148 8 sentiment VALUE NOV 25 BID PRICE WEEK-ON-WEEK CHANGE People's Food 0.750 7.9 8,250 CH Offshore 0.375 5.6 6,375 China Energy 0.059 3.5 2,655 China XLX 0.355 2.9 6,035 Dairy Farm 10.789 2.4 10,789 Chemoil Energy 0.263 1.5 7,627 Longcheer 0.083 1.2 1,577 Macquarie Int'l Infrastr
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    • 154 8 NOV 25 BID PRICE VALUE WEEK-ON-WEEK CHANGE Longcheer 0.083 1.2 1,577 Li Heng 0.120 -0.8 2,400 China Essence 0.148 -1.3 3,108 China Sports 0.050 -2.0 1,450 CWT 0.990 -2.0 13,860 CSC Holdings 0.094 -2.1 4,888 Pacific Andes 0.210 -2.3 14,280 Dapai 0.037 -2.6 999 SC Global 1.110
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  • Page 7 Advertisements
    • 12 7 [IMPORTANT! Don't miss out the insert from The Economist today. The Economist
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    • 198 7 Nurturing Financial Leaders of Tomorrow The FSDF Finance Scholarship Programme (FSP) he global financial services industry, where Singapore plays an important role in Asia, has grown in size, sophistication and complexity.With the fast changing landscape, grooming the right talent has become even more critical.The best and the brightest finance specialists
      198 words


  • SINGAPORE NEWS
    • 589 9  -  MNCs looking East search for hands-on managers capable of reaping rewards here By LEE U-WEN WHETHER the global economy is in the pink of health or in ruins, companies around the world will always be on the lookout for the best
      589 words
    • 611 9  -  Perceived disconnect with people cost it heavily, says Khaw PAP CONVENTION By LEE U-WEN SHORTCOMINGS in a number of key government policies such as housing and immigration were just one reason why the People’s Action Party (PAP) received its lowest vote
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    • 865 9 Payment Ex Books Pay Ann (cts) date close date date Action Asia aw 0.400 05-Dec 07-Dec 20-Dec 21-Nov AIMS Amp Cap Ind Reit ag 2.500 18-Oct 20-Oct 07-Dec 07-Oct Asia Pac Brew ak 63.000 25-Jan 27-Jan 13-Feb 11-Nov Asia Pac Brew bh 15.500 25-Jan 27-Jan 13-Feb 11-Nov Ausgroup
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  • Page 9 Advertisements
    • 268 9 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings MATS NOTICES WHAT WILL YOU DO ABOUT IT? ,T /A r m V u ZZ* BE EMPOWERED There are opportunities in every market. The challenge is discovering where they are. Intelligent investors use
      268 words

  • VIEWS FROM THE TOP
    • 4598 10 THIS WEEK’S TOPIC How do you see the global and local economy performing in 2012? What do organisations and individuals need to do to ensure that they are ready for whatever next year may bring? Ong Puay See Chief Executive Officer The Institute of Banking and Finance
      BLOOMBERG  -  4,598 words


  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1169 12  -  Researchers have found that industry winners follow a path of consistent pacing, reports SHELLIE KARABELL WHAT separates the winners from the losers? The great from the failed? The successes from the also-rans? According to INSEAD professor of entrepreneurship Morten Hansen, it’s not luck, it’s
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    • 1087 12  -  Photographer Hong Huazheng says that it is always about the business, STARTING YOUNG reports TEH SHI NING PHOTOGRAPHY is art, but it’s also his business, says Hong Huazheng. Where the two worlds clash, artists are often left confused and discouraged, but this 26-year-old running his own
      ARTHUR LEE  -  1,087 words
    • 343 12 ASK DR INVEST Q: I have been setting money aside but its value is being eroded by the high inflation rate of 5-6 per cent. I don't have much time to observe the market, and I have a low risk appetite. Can you suggest some investments
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  • Page 12 Advertisements
    • 324 12 Get started now ‘Spot the Index’ contest THINK you can forecast where the market’s headed? Then put your skills to the test and familiarise yourself with our local stock market index, the Straits Times Index (STI), now. Simply spot the weekly closing index rate and stand to win an Apple
      324 words

  • ECONOMY WATCH
    • 688 13 EU governing system can appear to outsiders like a mind-boggling maze AFP [WASHINGTON] As Europe’s sovereign debt crisis rattles financial markets and threatens the US economic recovery, political leaders here are struggling with the arcane institutional structures that shape decision-making in
      AFP; PHOTOS: AFP, AP  -  688 words
    • 461 13 Rapprochement could end stifling decades-old system AFP [LAHORE] Cosmetics are smuggled by donkey through Afghanistan, chemicals and medicines track through Dubai. But only a fraction of legal trade travels directly from India to Pakistan. A baffling array of legal and practical barriers to
      AFP  -  461 words
  • Page 13 Advertisements
    • 47 13 WE'RE AT HOME WHEREVER OUR CLIENTS ARE AT HOME. Distinctively From Asia to Europe, our global network and unique insights help clients everywhere take their business and investments anywhere. T piV[n"ro'Q"n Look for new insights and perspectives every week on jpmorganglobal.com or by scanning the QR code.
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  • THE BULL CHARGE 2011
    • 480 14  -  By DOLLY CHIA SOME 5,000 runners took their biggest strides as the sound from the horn flagged off the annual five-kilometre Bull Charge charity run at The Float Marina Bay on Nov 11. It was a fulfilling day as the event raised over $1.1 million, with
      Photos by YEN MENG JIIN and SGX  -  480 words

  • MALAYSIA/INDONESIA
    • 763 15  -  They could be sacked or be made to reimburse part of the loss if public funds are lost due to their negligence By PAULINE NG in Kuala Lumpur GOVERNMENT officers who cause public funds to be lost through their negligence will have to
      763 words
    • 592 15 AFP [JAKARTA] Rescuers hunted for survivors yesterday after a busy bridge spanning the Mahakam river in Indonesia’s Borneo island collapsed, killing four people and injuring 19 others, officials said. President Susilo Bambang Yudhoyono has ordered an investigation into the accident, which
      AFP; REUTERS  -  592 words
    • 1823 15 VOL Nov 25 RM +/-(‘000) A M Realty 0.43 unch 0 Abric Bhd 0.33 -0.01 50 Advance Synerg 0.20 0.01 2253 Adventa Bhd 1.65 0.03 6 Ae Multi Hldgs 0.29 -0.01 330 Affin Holdings 2.91 0.01 264 Ahmad Zaki Res 0.67 -0.01 21 Aic Corp 1.25 -0.05 0
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  • Page 15 Advertisements
    • 272 15 2 TOP CHEFS 3 EXQUISITE RESTAURANTS COUNTLESS CULINARY PLEASURES MARINA BAY SANDS, SINGAPORE Ll—'7A *j£- L I i P I 7 n»^ A 2z LU JIN SHAN CHEF HUANG CHING BIAO, JIN SHAN A man of many accolades, including the Ika Hoga Culinary Olympics (Frankfurt) and the Food Hotel Asia
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  • INDIA
    • 878 16 Many seized on his retail sector decision as sign that reforms are back on track Reuters [NEW DELHI] Prime Minister Manmohan Singh’s move to open India’s protected retail sector to global supermarket giants last week surprised critics who had written him off as a
      Reuters; REUTERS  -  878 words
  • Page 16 Advertisements
    • 271 16 PINE, HEALTH 2011 1 Back Pain and Neck Pain Relief Speaker: DR PREM PILLAY Director of Spine and Pain Services Neuro Spine and Pain Center Singapore VENUE: HDB Hub Convention Centre\ Punggol Room, Basement One 480 Lorong 6 Toa Payoh Singapore *****0 DATE 3rd December 2011 (Sat) TIME 3:00PM 5:00PM
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  • GREATER CHINA
    • 722 17 Factories cut back on overtime, bonuses on falling orders, higher costs AFP [BEIJING] China’s manufacturing heartland has been hit by large-scale strikes in recent weeks, as an increasingly demanding workforce faces off with employers struggling with high costs and falling exports. Thousands of
      AFP  -  722 words
    • 302 17 Bloomberg [HONG KONG] A lot of 14 bottles of Chateau Haut-Brion together with a bespoke console by London-based furniture maker David Linley fetched HK$1.44 million (S$242,404) at a Christie’s International wine sale on Saturday. The package, in which all bottles were shipped
      Bloomberg  -  302 words
    • 475 17 They are set to notch up record year on China consumers AFP [GENEVA] The Swiss watch industry is in good health, the latest figures show, with exports leaping once again last month and watchmakers set to notch up a record year thanks to hungry Chinese
      AFP  -  475 words
  • Page 17 Advertisements
    • 121 17 SARA SIN 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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  • WORLD
    • 720 18  -  Moves under way to amend Companies Law in the wake of Olympus scandal By ANTHONY ROWLEY in Tokyo THE Japanese government is planning to clean up the image of the country’s corporate governance which has been sullied by a recent spate of scandals that have
      REUTERS  -  720 words
    • 307 18 It’ll provide window of 12-18 months to make budget cuts AFP [ROME] The International Monetary Fund (IMF) has prepared a rescue plan worth up to 600 billion euros (S$1.042 trillion) if the debt crisis in Italy deteriorates, Italian newspaper La Stampa
      AFP  -  307 words
    • 511 19 The plan could possibly be announced in the coming week Reuters [BERLIN] German Chancellor Angela Merkel and French President Nicolas Sarkozy are planning more drastic means including a quick new Stability Pact to fight the eurozone sovereign debt crisis, Welt am Sonntag reported
      Reuters  -  511 words
    • 500 19 AP [MOSCOW] Prime Minister Vladimir Putin yesterday sternly warned the West against interfering in Russia’s elections in a speech before thousands of cheering supporters as he formally launched his presidential bid. Mr Putin, who stepped down in 2008 after two presidential terms
      AP  -  500 words
    • 345 19 Reuters [ROME] Italy’s football players have joined the fight to save the nation’s finances, urging supporters to buy government bonds in a campaign kicking off today which underlines how far the debt crisis has moved from the business pages into everyday life.
      Reuters  -  345 words
    • 381 20 Thousands trapped by rising east coast floodwaters; many NSW rivers overflow AFP [SYDNEY] Thousands of Australians were trapped yesterday by rising east coast floodwaters which left one child dead, even as residents in the country’s west began returning to their homes after horror wildfires. Officials
      AFP  -  381 words
    • 1009 20 AFP [TOKYO] Osamu Tamaki is one of the few rice farmers in Japan who see an AsiaPacific free trade deal as a window of opportunity rather than the death knell for a highly cosseted industry. “The TPP (Trans-Pacific Partnership) will give us a
      AFP  -  1,009 words
    • 487 21 Sales up 6.6% from last year as shoppers throng malls to snap up big bargains AFP [WASHINGTON] In a display of the US economy’s underlying strength, retail sales on Black Friday hit a new record for the start of the holiday
      AFP; PHOTO: BLOOMBERG  -  487 words
    • 425 21 It is aimed to help hedge risks such as currency volatility Reuters [MANAMA] International Islamic Financial Market (IIFM) expects to launch a template for syariah-com-pliant profit-rate swaps, designed to help in hedging risk in frequent cross-cur-rency transactions, in the first quarter of next year, its
      Reuters  -  425 words
  • Page 18 Advertisements
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  • Page 19 Advertisements
    • 196 19 ■a V mtk J M \'v- jM 4M 4 1 ">s Cou Enjoy star treatment when you purchase a Mercedes-Benz this Christmas. Treat yourself to a category B car model at the category A COE price and receive pampering extras fit for a king. $22,500 COE savings 7 pampering indulgences
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  • Page 20 Advertisements
    • 121 20 3 3B mi TREET OPS EXECUTIVE RESIDENCES SINGAPORE No. 7 Orange Grove Road Singapore *****5 Tel: +65 6887 0088 Fax: +65 6887 0066 www.treetops.com.sg Managed and Operated by DTZ Hospitality Management Services Project by British and Malayan Trustees Limited (Trustee of Sallim Talib Family Settlement) Gems behind our success... Congratulations
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    • 139 20 BUYING/SELLING High Value Branded Watches (PENG KWEE) Rolex Carrier Omega Patek Philippe IWC Chopard Vacheron Constantin Richard Mille Roger Dubuis Franck Muller Jaeger-Lecoultre Audemars Piguet Breguet Piaget Panerai #01-46 Peninsula Plaza #01-45 Peninsula Plaza #01-45 The Bencoolen #02-90K People's Park Complex #01-44 People's Park Centre #01-53 Lucky Plaza 26 Smith
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  • Page 21 Advertisements
    • 215 21 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF COMPANIES ACT (CAP 50) AND IN THE MATTER OF PACIFIC CAN MANUFACTURING PTE LTD (Company Registration Number *****2545W) (the “Company”) (Incorporated in the Republic of Singapore) (In Creditors' Voluntary Liquidation) NOTICE IS HEREBY GIVEN THAT a final general
      215 words
    • 307 21 IN THE MATTER OF THE COMPANIES ACT, CAP.50 AND IN THE MATTER OF CONSTANCY ENTERPRISES PRIVATE LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) Co. Reg. No: *****0159H At an Extraordinary General Meeting of the Members of CONSTANCY ENTERPRISES PRIVATE LIMITED duly convened and held on the 18th day of November 2011, the
      307 words
    • 490 21 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 LOCKWOOD GREENE ASIA PACIFIC PTE. LTD. Co. Reg. No. *****1748C MEMBERS’VOLUNTARYLIQUIDATION At an Extraordinary General Meeting of the Company held on the 21st day of November 2011, the following special resolution was duly passed: “That the Company be wound up voluntarily
      490 words
    • 395 21 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VEOLIA WATER (SEA) PTE. LTD. (In Members’ Voluntary Liquidation) Company registration no. *****3093R At an Extraordinary General Meeting of the Company duly convened and held at 298 Tiong Bahru Road #08-01 Central Plaza Singapore *****0 on
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    • 300 21 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VEOLIA WATER SINGAPORE (OM) PTE. LTD. (In Members’ Voluntary Liquidation) Company registration no. *****3015N At an Extraordinary General Meeting of the Company duly convened and held at 298 Tiong Bahru Road #08-01 Central Plaza Singapore *****0
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    • 1520 21 MATS NOTICES (a business trust constituted on 25 April 2006 under the laws of the Republic of Singapore) (Registration No.: *****01) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the unitholders (“Unitholders”) of Pacific Shipping Trust (“PST”) will be held on 16 December
      1,520 words

  • AVIATION/SHIPPING
    • 431 22 It warns that EU risks losing out on projected savings of 1.2b euros by 2014 AFP [BRUSSELS] The European Commission told Britain, France and Germany recently that they were falling behind in efforts to create a pan-European airspace that would cut costs and
      AFP  -  431 words
    • 592 22 AP [LONDON] A public sector strike in Britain this week threatens to paralyse operations at Heathrow, Europe’s busiest airport. BAA, the airport’s operator, said on Friday 12-hour delays for arriving passengers are likely because Wednesday’s strike will hit the UK Border Agency’s ability to support
      AP; BLOOMBERG FILE PHOTO  -  592 words
    • 277 22 Bloomberg [NEW DELHI] India’s Aviation Ministry is scrutinising Kingfisher Airlines Ltd’s finances after the company grounded some aircraft, a government official said. The airline has stopped flying 12 of its 27 ATR planes, the official said, declining to be identified because of department rules. The
      Bloomberg; BLOOMBERG FILE PHOTO  -  277 words
    • 278 22 SGX '000 Nov 25 S$ +/-Vol CH Offshore 0.38 -0.01 34 Chuan Hup Hldg 0.21 0.01 123 Cosco Corp 0.84 -0.04 7773 CWT Ltd 1.00 -0.01 97 Ezra Hldgs 0.81 -0.02 1566 First Ship Lea 0.29 unch 59 Freight Links 0.06 unch 142 Grand Banks unch unch 0
      278 words
    • 345 22 Bloomberg [LONDON] A commodity ship built for Vale SA, the world’s largest iron-ore producer, is smaller than planned when ordered, according to data from the company that constructed it and another monitoring its compliance with design and structural rules.
      Bloomberg  -  345 words
    • 148 22 Reuters [ABU DHABI] Abu Dhabi’s airport expects continued double-digit growth in passenger numbers near term as its national carrier Etihad Airways develops and the emirate continues to expand its economy, a top official at the airport’s operator said. James Bennett, chief executive of
      Reuters  -  148 words
    • 374 22 Returns on benchmark route dip 11% to US$16,149 a day Bloomberg [LONDON] Earnings for the largest tankers hauling two million-barrel cargoes of Persian Gulf oil to Asia fell for a third day as a glut of available ships expanded. Returns for
      Bloomberg  -  374 words
  • Page 22 Advertisements
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      42 words
  • Page 22 Miscellaneous
    • 287 22 CRYPTIC CROSSWORD Across 7 Bank policy results in second job (8) 9 Irish county team’s leader in Bordeaux (6) 10 Family doctor, initially helpful (4) 11 Remission of sins, a bishop’s answer (10) 12 Sturdy cattle coming to yard (6) 14 Hearing about contrary central point of matter in court
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  • DINING OUT
    • 555 23  -  By Jaime Ee NEW RESTAURANT Delicious #B1 -16/19, Scotts Square 6 Scotts Road Tel: 6636 0903 WHEN a restaurant is named Delicious and it hails from Malaysia, you just know it’s going to set off the Singaporean snob alert. A name like Delicious is already a nail in
      555 words
  • Page 23 Advertisements
    • 950 23 Advertising feature brought to you by Infocomm Development Authority of Singapore A boost for trade TradeXchange gets all the key players in the supply chain to exchange information for faster and more accurate processing By Lynn Kan TradeXchange is a neutral and secured platform that brings together the trade and
      950 words

  • SINGAPORE STOCKS
    • 8497 24 Week ended: Nov 25 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 11.6 8Telecom 15.5 11.9 15 7.8 3.9 3.2 74.2 9.5 4.1 A-Sonic 4.5 -0.1 8 4.5 4.5 4.3 5.3 2.9
      8,497 words
    • 1747 25 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 12.2 t 800 Super 12.7 -0.5 451 12.8 12.6 12.7 13 4.7 4.3 4.9 22.7 5.5 2.5 t AA Grp 3.3 2.6 3.3
      1,747 words
    • 117 25 Stock name Close Change CapMallsAsia 1.265 -0.025 CapitaLand 2.430 -0.050 CapitaMall 1.755 -0.020 CityDev 9.120 -0.240 ComfortDelGro 1.395 -0.010 DBS Grp 11.930 -0.130 F&N 6.150 -0.040 GLP 1.745 -0.055 Genting SP 1.465 -0.040 Golden Agri 0.670 Stock name Close Change HK Land 4.550 +0.020 JMH 48.960
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    • 2611 25 Transaction date: Nov 25 HONG KONG Vol HK$ +/-'000 Aeon Credit 5.55 unch 0 Aeon Stores 17.70 unch 0 Angang Steel 4.44 -0.09 7049 Anhui Conch 23.50 -0.45 6019 Anhuiexpresswa 4.50 unch 537 Asia Satellite 15.20 0.20 146 Asm Pacific 81.65 -0.90 384 Bank Of E Asia 25.20
      2,611 words
    • 260 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A34 -5 4 34 34 34 44 3.6 10.3 2.7 88.5 49 25.5 Genting HK US$ US28 -0.5 ***** 29 27 27.5 28 1843.7
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    • 186 25 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 15 1 0 0 0 1 15 1 Manufacturing 40 118 31 7 9 13 47 127 44 Commerce 19 42 13 3 11 1 22 53 14 Tpt/Stor/Comms 7 37 4
      186 words
    • 945 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 117 -2 6 120 116.7 115.6 117.5 534.1 1261 856 CIMBAsean40 100US$ US918 -24 46 933 915 914 36.7 *****
      945 words
    • 123 25 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 85,278 85,278 286,248 286,248 Manufacturing 780,778 168,723 949,501 602,434 715 603,149 Commerce 795,983 41,962 837,945 683,495 2,421 685,916 Tpt/Stor/Comms 549,482 153,638 703,120 800,305 19,860 820,165 Finance 98,645 275 98,920 906,269 53 906,322 Construction 440,565 149,606
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  • Page 25 Advertisements
    • 26 25 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
      26 words

  • FINANCE & COMMODITIES
    • 373 26 In local curr In S$ In US$ dy yr dy yr dy yr Nov 25 Index Change Change Change Change Change Change World Preliminary 775.1 0.4 -13.7 0.4 -11.8 0.2 -13.9 EAFE Preliminary 639.1 0.3 -20.2 0.1 -18.4 -0.1 -20.3 Europe Preliminary 942.0 0.8 -19.4
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    • 77 26 CRUDE OIL PRODUCTS Nov 24 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.64 0.47 WTI (Near Mth) 97.23 0.71 Dubai (1-Mth F) 105.60 unch Tapis blend 114.49 -0.14 Minas 110.89 -0.14 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.22 -0.11 Jet Kerosene 125.85 -1.35 US$/barrel Opec Oil
      77 words
    • 159 26 Nov 26 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 11 325.0 318.0 319.7 36 468 Jan 12 325.5 321.0 321.0 18 338 Feb 12 327.5 325.0 325.0 25 208 Mar 12 330.2 296 Apr 12 337.0
      159 words
    • 71 26 Nov 25 Nov 25 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1981.75 2003.00 3 months 1992.00 2019.00 Copper, Grade A (US$/tonne) Cash 7206.00 7239.75 3 months 7230.00 7265.00 Lead (US$/tonne) Cash 1982.50 1969.25 3 months 2004.00 1992.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 107 26 Nov 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1106.50 1122.50 1125.75 1102.75 Mar 12 1115.75 1131.50 1134.75 1111.75 May 12 1124.50 1140.25 1143.50 1123.75 Jul 12 1133.00 1148.25 1151.75 1129.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 11 48.23
      107 words
    • 77 26 Nov 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 23.02.2012 0.31 1-Year BY*****W 01.11.2012 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.28 103.35 103.35 5-Year N*****0W 1.125 01.04.2016 102.40 10-Year NX*****X
      77 words
    • 445 26 Nov 25 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.3475 0 3256 Mar12 99.1650 0 3391 Jun12 99.1400 0 1201 Sep12 99.1350 0 550 EUROYEN TIBOR FUTURES Dec11 99.6650 800 3632 Mar12 99.6575 0 1937 Jun12 99.6600 50 1490 Sep12 99.6575 0 711 Dec12 99.6600
      445 words
    • 128 26 As on 25 November 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT DEC2011 1697.90 1672.90 1685.80 108 SILVER FUT DEC2011 31.765 31.140 31.020 2 CURRENCY AUD-USD FUT DEC2011 .9690 .9642 .9688 2074 EUR-USD FUT DEC2011 1.3332 1.3208 1.3229 7695 GBP-USD FUT
      128 words
    • 82 26 Nov 25 COCOA (£/tonne) Close Prev High/Low Dec 11 1509 1518 1518/1504 Mar 12 1536 1545 1546/1530 May 12 1551 1560 1558/1545 Jul 12 1568 1576 1573/1560 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1890 1885 1894/1860 Jan 12 1891 1886 1902/1875 Mar 12 1928 1923 1937/1911 May 12
      82 words
    • 2251 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 55 49.00 30 ASJ Hldgs W*****1 0.1 unch 18 1 4 24 33.00 3 AlliedTech W*****2 1.7 1 4 24 Ascendas Reit.ES.1111 203 Aztech Grp
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    • 464 26 Nov 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.017 6.183 0.729 7.562 50.685 88.508 0.750 11.299 3.098 1.308 85.137 42.620 1.274 8.278 0.895 29.535 30.364 0.627 0.970 Canada 0.983 6.080
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    • 82 26 Nov 25 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 139 26 Nov 25 GOLD (US$/oz) Nov 23 Nov 25 Hong Kong 1701.00 1680.00 Nov 25 Nov 24 London 1691.05 1693.35 1692.25 1694.35 Source: Thomson Reuters Source: Reuters CAST BAR Nov 25 (S$) Selling Buying Kilobar 76,445.08 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 171 71 5gm 486 356
      139 words
    • 57 26 Nov 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 11 3119 3070 3119 3066 148 3373 Jan 12 3099 3067 3113 3058 1945 ***** Feb 12 3092 3069 3114 3050 ***** ***** Mar 12 3084 3065
      57 words
    • 24 26 Nov 25 Open High Sett STI Nov 2644 SIMSCI Nov 305.6 306.1 298.7 Taiwan Nov 242.5 248.4 240.8 Source: SGX Derivatives
      24 words
    • 154 26 Nov 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2727 1.2744 0.9697 0.9702 Canadian dollar 1.2513 1.2530 0.9534 0.9539 Euro 1.7451 1.7466 1.3296 1.3297 NZ dollar 0.9727 0.9740 0.7411 0.7415 Sterling pound 2.0307 2.0328 1.5472 1.5476
      154 words
    • 22 26 Nov 25 S$ Bid Offer 1-month 1.3125 1.3135 2-months 1.3123 1.3134 3-months 1.3120 1.3130 6-months 1.3097 1.3109 Source: OCBC
      22 words
    • 121 26 As at 9am Nov 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.298 1.237 Can dollar 1.272 1.224 Euro 1.778 1.71 Sterling pound 2.064 1.985 NZ dollar 0.998 0.951 US dollar 1.331 1.28 Local dollars to 100 units of foreign
      121 words
    • 154 26 Nov 25 $S Offer Bid 0vernight 0.01 par 1-month 5/16 3/16 2-months 5/16 3/16 3-months 5/16 3/16 Overnight mode: 0.10 US$ 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 1.00 0.80 12
      154 words

  • 4595 27 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
    4,595 words
  • Page 27 Advertisements
    • 28 27 Experienced ship maintenance services wanted, Can they find your services here in the Shipping Times? KLINE BSA To All Shipping Advertisers: Please call Joe Wong at 9620 1327
      28 words

  • Page 28 Advertisements
    • 101 28 Shipping lines seeking reliable logistics partners R rgently ra cfl cfl by hipp n they -find your service re in the Shipping Time THE BUSINESS TIMES SHIPPING TIMES ADVERTISE, CALI IOE WONG AN EFFECTIVE PLATFORM We were seeking an effective platform to showcase the Completion and Load-out of Topside Modules
      101 words

  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 931 29  -  The chip giant aims to convert almost half of the laptop market to thinner devices by next year, reports VICTORIA HO INTEL wants to convert the laptop buying market en masse to a new segment of thin, sleek machines by next year, and
      931 words
    • 666 29 AP [SAN FRANCISCO] ’Tis the season of the tablet. Despite the gloomy economy, shoppers are expected to shell out for tablet computers this December, making them about as popular as candy canes and twinkling lights. The glossy-screened gadgets are the most-de-sired electronic devices this
      AP; REUTERS  -  666 words
    • 1094 29  -  Job market has changed dramatically over the past five years <you say> By SAM BAXENDALE The author is divisional manager Technology for Ambition, a specialist recruitment agency IN A recent high-profile survey by the Economist Intelligence Unit, Singapore was ranked as the most competitive
      1,094 words
    • 333 29 AP [SEOUL] A new electronic display is poised to challenge power-hungry LCDs (liquid crystal displays) after US mobile chipmaker Qualcomm Inc teamed up with a South Korean bookseller to introduce a new e-reader. The “Kyobo eReader” was unveiled this week here and
      AP  -  333 words
    • 863 30  -  With many companies planning an operating system migration to Windows 7, virtualisation provides a good option By AMIT ROY CHOUDHURY COMPANIES providing desktop virtualisation solutions are the likely beneficiaries of Microsoft’s recent announcement that, in less than 1,000 days, it would stop support for its Windows
      863 words
    • <what’s up>
      • 43 30 SINGTEL and local bookstore Popular Holdings will collaborate to offer assessments and study guides for Singapore primary and secondary school students on Apple and Android tablets. They will launch the e-bookstore service called Go-easel come January.
        43 words
      • 37 30  -  Compiled by VICTORIA HO PHILIPS has launched a new desktop monitor boasting better, more accurate colour reproduction and wider viewing angles. The E-Line IPS monitor comes in 21.5-inch and 23-inch (227E3Q 237E3Q) sizes.
        37 words
      • 54 30 HEWLETT-PACKARD (HP) has appointed Ruma Balasubramanian as vice-president and general manager for enterprise services for Asia. She will lead the development and delivery of HP’s services across infrastructure services, business process outsourcing, application solutions, as well as cloud implementations. Ms Balasubramanian was previously vice-president of sales
        54 words
      • 44 30 MOTOROLA has released a new hands-free headset, the Motorola HX550. It is touted to be more effective in blocking out background noise and is wearable in several ways: on the ear and in the ear. It is priced at $98.
        44 words
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  • Page 30 Advertisements
    • 39 30 Every journey began in Africa. Ali and Bono wear Edun; Ali carries the Louis Vuitton/Edun collaborative bag. Profits from the bag, as well as Ali and Bono's fee benefit Conservation Cotton Initiative Uganda. Follow Ali and Bono on louisvuitton.com
      39 words
    • 23 30 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS NOTICES
      23 words

  • Page 31 Advertisements
    • 224 31 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg MICA(P)120/08/2011 Technology Vorsprung luxury Technik future. We don’t predict the future.thappen.d success We make it happen.l believe that the uo Here at Audi, we firmly believe that the unrivalled successar models stems from our philosophy’dvancement throughrdrivi of our line of car models stems
      224 words

  • Page 32 Advertisements
    • 442 32 Technology that advances luxury Audi connectre o The future of networked mobility connectionctMake theInformationavigationht Information, entertainment,–intuitively navigation intuitivelyife. brought to life. Audi connect incr The world is becoming increasingly interconnected. So is Audi. New optionst entertainment and driver assistance systems make today’histicated and comfortable the world has state-of-the-art technolAudi A1
      442 words

  • Page 33 Advertisements
    • 360 33 Technology that advances luxury Audi e-tron The future of electric mobility newAt Audi e-trone Electric mobility is the future of the automobile industry and offers moreion-free motoring. Global trends like urbanisation, dwindchanging the face of automotive locomoeuirements. More thaboun than just emission-free motoring. Global trends like urbanisation, dwindlingustainability are changing
      360 words

  • Page 34 Advertisements
    • 556 34 Technology that advances luxury Audi ultra The future of automotive lightweight construction furtherLight goesAudi ultra lightweistruction technThe A Audi lightweighttion technoloiR construction technologyLe Mans.The Audi R18TD Lost weight, won Le Mans.The Audi R18TDI. Audi ultra More stringent safety requirements. More extensive equipment. Larger cars.hy new cars tend to be heavier
      556 words