The Business Times, 17 October 2012

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Microfilm: NL32264
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, October 17, 2012
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  • Article, Illustration
    Lock icon Pandit quits Citi, Europe chief fills in
    781 1 Departure follows long-simmering tensions with the bank’s board, notably chairman Michael O’Neill NYT [NEW YORK] Citigroup’s board said yesterday that Vikram Pandit had stepped down as chief executive, effective immediately, and will be succeeded by the head of the bank’s European and Middle
    NYT; FILE PHOTOS  -  781 words
  • Article
    Lock icon URA tries to limit small shops in new complexes
    827 1  -  No formal guidelines, but it’s suggesting caps on proportion of such shops By KALPANA RASHIWALA [SINGAPORE] The Urban Redevelopment Authority (URA) could be looking to discourage an over-con-centration of small strata shops in new developments, BT understands. It is also trying
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,046.81 (+3.76) GST INDEX FUTURES 3,046.00 (+3.00) GSIMSCI 348.43 (+1.09) GSIMSCI FUTURES 348.20 (+0.60) US$ S$ US$ (S$ per US$) 1.221 (US$/S$ per 1.611 1.967 EURO (US$/S$/€) 1.300 1.588 Foreign currency per US$ S$ YEN 78.90 64.60 RM 3.051 2.498 HK$ 7.751 6.346 BAHT 30.67 25.11 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Tuesday Change KL COMP 1,653.52 -0.92 NIKKEI 225 8,701.31 +123.38 HANG SENG 21,207.07 +58.82 SET INDEX 1,287.49 -3.07 JAKARTA COMP 4,329.08 +15.55 MANILA COMP 5,399.94 +16.72 SEOUL COMP 1,941.54 +15.95 SHENZHEN B 588.87 +2.56 MUMBAI IND 18,577.70 -135.85 12 noon EDT Change DOW 13,545.35 +121.12 NASDAQ 3,094.33 +30.14
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    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.500 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      359 2 Citigroup CEO Pandit steps down CITIGROUP’S board said yesterday that Vikram Pandit had stepped down as chief executive, effective immediately, and will be succeeded by the head of the bank’s European and Middle Eastern division, Michael Corbat. His resignation comes after long-simmering tensions with the bank’s board. FRONT
      359 words
    • Article, Illustration
      Lock icon Petrol cost fuels consumer prices
      471 2 But Fed’s ultra-easy policy path unlikely to be derailed by inflation pressure LATEST US DATA Reuters Bloomberg [WASHINGTON] US consumer prices rose in September as the cost of gasoline surged, posing a threat to consumers’ spending power although inflation pressures look unlikely to derail the
      Reuters; Bloomberg; PHOTO: REUTERS  -  471 words
    • Article
      Lock icon Tharman states MAS stand on gold buyback
      504 2  -  But if needed, it will refine its regulatory framework By TEH SHI NING [SINGAPORE] Gold buyback schemes are currently unregulated, but the Monetary Authority of Singapore (MAS) will continue to monitor market practices and refine its regulatory framework if necessary, Deputy Prime Minister
      504 words
    • Article, Illustration
      Lock icon Pandit succumbs to ‘three strikes you’re out’ rule
      525 4  -  REUTERS BREAKINGVIEWS By ROB COX [NEW YORK] Vikram Pandit succumbed to the most basic rule of thumb: three strikes and you’re out. A trio of Citigroup misfortunes, not all of the chief executive’s making the bank’s dividend policy, his own compensation and
      PHOTO: REUTERS  -  525 words
    • Article
      Lock icon New business model for Proton revving into life
      557 4  -  Need to produce car wanted by market: DRB-Hicom COO By S JAYASANKARAN in Kuala Lumpur MALAYSIAN business conglomerate DRB-Hicom said it would come out with a new business model for carmaker Proton Holdings in November. The conglomerate owns a near-43 per cent
      557 words
    • Article
      Lock icon Government to ensure PMEs get good jobs
      356 4  -  Chuan-Jin unveils 3-pronged strategy, saying much rests on new industries S’pore attracts YESTERDAY IN PARLIAMENT By LEE U-WEN [SINGAPORE] The government has put in place a three-pronged approach to ensure that professionals, managers and executives commonly referred to as PMEs can land good
      356 words
    • Article, Illustration
      Lock icon Chok Tong: Small states do play valid role on global stage
      614 4  -  By LEE U-WEN [SINGAPORE] Singapore’s experience has shown that while small states may not have inherent strategic heft or economic viability, they are able to overcome the odds and play a meaningful role in the international arena, says Emeritus
      614 words
    • Article, Illustration
      Lock icon Jetstar Asia to replace 5 planes, add one to fleet
      919 4  -  Plans underway to increase flights to Malaysia, Thailand By VEN SREENIVASAN [SINGAPORE] High-flying Jetstar Asia is enjoying such strong growth that it is adding six new planes to its Changi-based fleet. The planes cost up to US$530 million, based on
      919 words
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      571 2 s T < r mm r l An intimate culinary affair with Chef Kishio Watanabe Kadeko is proud to present the Omakase Wine Pairing Dinner with Chef Watanabe, featuring dishes specially crafted from the best seasonal Japanese produce for 10 privileged Kadeka winners. Omakase, which literally translates to 'It's up
      571 words
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      265 2 Sim Kee Boon Institute for Financial Economics THE IMPACT OF MACRO-FINANCE UNCERTAINTIES ON ASIAN ASSET MANAGEMENT Brought to you by the Centre for Asset Securitisation and Management in Asia, Sim Kee Boon Institute for Financial Economics, Singapore Management University PROGRAMME Asian economies which have been a robust engine of global
      265 words
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      229 3 A i «e i kV Hie new BMW 7 Series 0 SI IT DOESN’T NEED TO FOLLOW EVERY TREND TO BE STATE-OF-THE-ART. A true leader makes a statement even in silence. It’s a quality that comes from within, the very essence embodied in the new BMW 7 Series built with
      229 words
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  • COMPANY NEWS
    • Article
      Lock icon Yeo’s ratios so fat, they depress M&A hopes
      837 5  -  HOCK LOCK SIEW By KENNETH LIM IMAGINE that you are at a hawker centre, trying to decide what to buy. You end up at the end of a really long line for popiah. The queue is outrageous, which means it must be
      837 words
    • Article
      Lock icon DeClout launches IPO for Catalist listing
      634 5  -  $3.6m of the money raised will be used to drive its games cloud business By LEE MEIXIAN TECHNOLOGY firm DeClout Ltd has launched an initial public offering (IPO) of 31 million new shares priced at 25 cents each for a listing on the Catalist
      634 words
    • Article
      Lock icon Keppel T&T’s Q3 profit falls 62% to $13.5m
      356 6  -  Year-ago period included one-time gain from disposal of Wuhu Annto By LYNN KAN KEPPEL Telecommunications and Transportation (Keppel T&T) reported third-quarter net profit attributable to shareholders of $13.5 million, 62 per cent lower from $35.6 million in the year-ago period. The logistics
      356 words
    • Article, Illustration
      Lock icon New Transcu CEO lists his priorities for firm
      673 6  -  Investors urged to consider its long-term potential By ONG CHOR HAO THE new chief executive officer of Transcu Group, a life-sciences company, said he will play to his strengths as he tries to turn the ailing firm around, and urged investors to
      PHOTO: NEXTINSIGHT  -  673 words
    • Article, Illustration
      Lock icon ING Bank expands operational centre here
      385 6  -  By TEH SHI NING ING Commercial Banking CEO William Connelly says the bank needs to balance future potential against present returns when investing in Asia. The interest margins here are still lower than in most of the other regions in which ING Bank operates,
      385 words
    • Article
      Lock icon KepLand buys Chengdu real estate company
      368 6  -  680.4m yuan acquisition adds 5th residential site to its Chengdu portfolio By CARINE LEE KEPPEL Land yesterday added a fifth residential site to its Chengdu portfolio with a 680.4 million yuan (S$132 million) acquisition of a China-domiciled real estate company. Keppel Land’s subsidiary, Chengdu
      368 words
    • Article, Illustration
      Lock icon Skybridge opening 1 st Asian office in S’pore next year
      551 6  -  By KENNETH LIM ALTERNATIVE investment firm Skybridge Capital aims to open its first Asian office in Singapore by May 2013, hoping to tap the region’s growing wealth when appetites for hedge funds recover, managing partner Anthony Scaramucci said yesterday. Skybridge,
      PHOTO: BLOOMBERG  -  551 words
    • Article
      Lock icon Thai 3G auction raises 41.6b baht, 30% below assessed value
      629 6 Bloomberg [BANGKOK] Thailand raised 41.6 billion baht (S$1.65 billion) selling licences to provide high-speed mobilephone services, about 30 per cent below the value assessed by the country’s telecommunications regulator. The National Broadcasting and Telecommunications Commission (NBTC) sold nine licences to
      Bloomberg  -  629 words
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      93 5 y 7 1 Ai'V,, ffl a < J'JV "’ll”.. r tov’" wO®V" M Jt* M trs •M -J* s, It II I. I >.| Inn II II II II l *i i II II II II I’ jnm*. i.jiVm*, II I M II M M M M !i P »l"li
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      Lock icon Page 5 Advertisements Column 2
      34 5 if*? fl »I Lit JERRY LUM Snr Marketing Director, MBA, CBS CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K When You Buy, Sell, or Rent
      34 words
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  • Page 7 Advertisements
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      1310 7 SUBSCRIBE NOW! IPO CLOSES ON 18 OCTOBER 2012 AT 12.00 P.M. RELIGARE HEALTH TRUST (a business trust constituted on 29 July 2011 and registered on 25 September 2012 under the laws of the Republic of Singapore) OFFER FOR SUBSCRIPTION BY Religare Health Trust Trustee Manager Pte. Ltd. 567,455,000 Common Units
      1,310 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Food stocks stay in focus
      572 8  -  Property sector also in limelight with eyes on Reits; STI still directionless STOCKS VEN SREENIVASAN Senior Correspondent THE appetite for food-re-lated stocks continued unabated on a day when the Straits Times Index (STI) continued muddling along in directionless fashion. Stocks such as Super Group, and
      Source: Bloomberg  -  572 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 14 2 1 0 0 0 14 2 1 Manufacturing 57 42 53 3 11 7 60 53 60 Commerce 31 21 11 5 0 4 36 21 15 Tpt/Stor/Comms 18 13 9
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 20,127 20,127 50,202 50,202 Manufacturing 313,432 21,944 335,376 266,876 528 267,404 Commerce 211,312 2,660 213,972 140,098 279 140,378 Tpt/Stor/Comms 148,242 30,574 178,816 221,807 9,892 231,699 Finance 17,156 627 17,783 112,072 273 112,345 Construction 36,780 5,709
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 8 Stock name Close Change CapMallsAsia 1.785 +0.085 CapitaLand 3.180 -0.010 CapitaMall 2.120 +0.030 CityDev 11.580 ComfortDelGro 1.640 +0.010 DBS Grp 14.220 +0.030 F&N 8.900 GLP 2.520 +0.020 Genting SP 1.320 -0.005 Golden Agri 0.640 HK Land 6.040 +0.040 IHH Healthcare 1.280 +0.005 JMH 59.030 -0.940 JSH
      111 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Oct 16 VALUE CLOSE BT OB/OS -223.00 +81.00 BT CADI -*****.00 +94.00 BT 10-day MA -*****.00 -23.00 FTSE ST Mid Cap 753.19 +4.68 FTSE ST Small Cap 496.84 +2.68 FTSE ST All Share 747.94 +1.73 FTSE ST China Top 202.47 +1.38 FTSE ST China 220.89 +1.89 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME GSH Corp 66,404,000 Transcu Grp 63,877,000 Golden Agri 46,508,000 HPH Trust US$ 41,498,000 Synear 37,601,000 Noble Grp 35,376,000 Sky One 29,713,000 LionGold 26,615,000 NOL 26,102,000 SingTel 24,223,000 VALUE($) SingTel 77,308,900 Wilmar 68,944,810 UOB 56,234,660 F&N 53,612,140 Noble Grp 47,285,755 HPH Trust US$ 41,183,318 DBS Grp 34,093,544
      58 words
    • Article
      Lock icon BROKERS’ TAKE
      1007 8  -  Compiled by KENNETH LIM Keppel Reit Oct 16 close: $1.245 MAYBANK KIM ENG, Oct 16 K-REIT Asia (officially renamed as Keppel Reit with effect from Oct 15) posted a Q3 2012 distributable income of $51.7 million a 94 per cent y-o-y increase mainly due to contributions from Ocean
      1,007 words
    • Article, Illustration
      Lock icon Rupee, ringgit lead Asian units’ advance
      511 8 CURRENCIES Bloomberg [SEOUL] Asian currencies strengthened, led by India’s rupee and Malaysia’s ringgit, as retail sales data from the US that beat economists’ estimates supported demand for riskier assets. Advanced retail sales in the world’s largest economy rose 1.1 per cent last month, compared
      Bloomberg; PHOTO BLOOMBERG  -  511 words
    • Article
      Lock icon RISES
      113 8 BY CENTS CLOSE UP DBXT E50 10US$ 3828 179.6 4.0 DBXT FTChina25 10US$ 2777 146.6 4.5 DBXT iBoxxSing 5SG$ ***** 76.0 0.6 DBXT MSKorea 10US$ 5688 74.5 1.1 DBXT MSEurope 10US$ 4582 42.8 0.8 YHS 569 32.0 6.0 DBXT FTVietnam 10US$ 2046 30.5 1.2 DBXT MSJAP 10US$ 3474 26.9
      113 words
    • Article
      Lock icon FALLS
      122 8 BY CENTS CLOSE DOWN JMH 5903 -114.8 -1.6 JSH 3610 -91.6 -2.0 GLD 10US$ ***** -74.5 -0.4 DBXT S&P Short 10US$ 3502 -22.0 -0.5 UOB.ES.1210 1885 -20.0 -1.0 SingTel 100 316 -10.0 -3.1 Lyxor CRBNonEny10US$ 269 -9.8 -2.9 H Royal 282 -9.0 -3.1 DBXT MSTHAI 10US$ 1911 -8.6 -0.4
      122 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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  • SHAPING GLOBAL BUSINESS
    • Article, Illustration
      Lock icon Building a reliable global presence
      1305 9  -  Commodities trader RCMA finds diversification, economies of scale and fast, reliable service critical in a volatile world. CAI HAOXIANG reports HAOXIANGreports CAI HAOXIANGreports COMMODITIES trading is at heart a global endeavour, as RCMA Commodities Asia CEO and chief trading officer Chris Pardey would describe it.
      PHOTO: YEN MENG JIIN  -  1,305 words
    • Article
      Lock icon Beating the credit crunch
      478 9  -  As banks deleverage as a result of the economic slowdown, access to financing will become a critical issue for commodity traders By FREDERIC GIRAUDET The writer is regional head, commodities and structured trade finance, HSBC THE slowdown in the global economy stemming from Europe’s persistent sovereign
      478 words
  • Page 9 Advertisements
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      118 9 In the future, local demand will shape global supply. Dairy consumption in emerging economies is rising fast in China alone it will triple by 2020*. As rice-paddies turn to pasture, the global market is seeing a structural change. But what will this and other mega-trends mean for your business? HSBCTrade
      118 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Employers mostly support raising low wages
      336 10  -  Survey results to be made available only next year, says Tan Chuan-Jin YESTERDAY IN PARLIAMENT By LEE U-WEN FEEDBACK from companies and unions in Singapore has shown that employers are “generally supportive” of paying their low-wage workers more, said Acting Manpower Minister Tan Chuan-Jin
      336 words
    • Article, Illustration
      Lock icon Newcon wins JTC’s tender to build MedTech1
      191 10  -  By ZEINAB YUSUF SAIWALLA THE tender for the construction of MedTech1, a ninestorey building in the MedTech Hub, was awarded to Newcon Builders at the tendered sum of $55.38 million, JTC said yesterday. The tender, launched on June 29, attracted 13 submissions ranging
      191 words
    • Article
      Lock icon No speculative signs in HDB shophouse prices
      327 10  -  By ZEINAB YUSU F SAIWALLA FIGURES released by the government yesterday showed that there is no speculative element in the prices of HDB shophouses given the low percentage of resale transactions. In a written response to Member of Parliament Ong Teng Koon (Sembawang
      327 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Cutting down train noise in Tampines, Jurong East
        123 10 BARRIERS to reduce the noise of passing trains as they rumble by will go up in Tampines, Jurong East and Toh Guan, the Land Transport Authority (LTA) has said. The installations will also be pilot projects to study the effectiveness of such
        123 words
      • Article
        Lock icon SMC seeks to set aside orders by disciplinary panel
        96 10 LAWYERS for the Singapore Medical Council (SMC) have applied to the courts to set aside earlier orders by its disciplinary committee against skincare doctor Georgia Lee. A report in straitstimes.com said the application comes in view of the High Court’s decision
        96 words
    • Article, Illustration
      Lock icon High bid for site next to Tanah Merah MRT
      502 11  -  Top offer from KepLand unit sign of developers’ bullish sentiment By ONG CHOR HAO A 99-YEAR leasehold residential site along New Upper Changi Road has drawn a higher-than-ex-pected top bid, pointing to a still-bullish sentiment among property developers here. The land
      Source: URA  -  502 words
    • Article
      Lock icon NTU, NUS MBAs on The Economist’s top 100 list
      235 11  -  By ZEINAB YUSUF SAIWALLA THE full-time Master in Business Administration (MBA) programmes offered by Nanyang Technological University (NTU) and the National University of Singapore (NUS) have again made it to The Economist magazine’s list of the top 100 such courses of
      235 words
    • Article, Illustration
      Lock icon Punggol development: Phase 2 plan unveiled
      437 11  -  Khaw says it’ll cover developments over 15 years and beyond By MINDY TAN THE Housing Development Board (HDB) yesterday unveiled plans for the next phase of Punggol’s development, including a new Northshore District that will be carved out for more seafront public housing. Northshore
      437 words
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      160 10 VS- 0 cG SUPERHEROES@WORK even superheroes need a holiday Si Take Part Now! DO YOU KNOW A ROLE MODEL AT WORK WHO IS WORTHY OF RECOGNITION FOR ALL HE HAS DONE? Snap a creative individual photo of your office superhero, upload it to www.stjobs.sg/contest and tell us why your colleague
      160 words
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      99 11 V VI' ORCHARD RCMD XGRB4T STREET Free WIFI Available J Download the PARAGON App WHERE MIRRORS AND POLISHED SURFACES REFLECT GOOD TASTE. Our marble halls play host to the world s finest luxury brands and carefully curated favourites. We put the latest up on display; you pull the sublime off
      99 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon RHB seen as potential target of Maybank
      655 12 Merger could create region’s biggest bank with assets surpassing DBS’s [PETALING JAYA] The current news about the merger and acquisition (M&A) aspirations of Malayan Banking Bhd (Maybank) seem to be focused on Thailand. But some industry experts do not rule out the banking
      655 words
    • Article, Illustration
      Lock icon Bakries blast Rothschild after he quits Bumi
      552 12 He’s a threat to all shareholders fighting for firm’s interests AFP [JAKARTA] Indonesia’s powerful Bakrie family hit out at British tycoon Nathaniel Rothschild yesterday after he resigned from the board of Bumi plc, saying he was a “threat to all shareholders” of the
      AFP; PHOTO: REUTERS  -  552 words
    • Article
      Lock icon KL can withstand capital inflows: central bank chief
      532 12 Bloomberg [SINGAPORE] Malaysia can manage capital inflows due to monetary easing in advanced economies, central bank governor Zeti Akhtar Aziz said, as Asian nations take steps to prevent asset bubbles after the US boosted stimulus. The country has policy tools and the
      Bloomberg  -  532 words
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      Lock icon Page 12 Advertisements Column 1
      492 12 Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2012 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the Group for the third quarter and nine months
      492 words
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      Lock icon Page 12 Advertisements Column 2
      423 12 NIKKO AM ASIA INVESTMENT FUNDS NIKKO AM SHENTON ASIA KNOWLEDGE FUND NOTICE OF EXTRAORDINARY GENERAL MEETING OF UNITHOLDERS NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of the holders of the units in the Nikko AM Shenton Asia Knowledge Fund (the “Sub-Fund”), a sub-fund of Nikko AM
      423 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China Inc waves red flag over recovery in 2nd half
      525 13 Corporate profits still look lacklustre; inventories recede but sales stay weak Reuters [HONG KONG] Chinese corporate profits show no sign of a second-half recovery as analysts cut earnings estimates in September by the most in 21/2 years, a red flag
      Reuters  -  525 words
    • Article
      Lock icon Reliance beats Sinopec as exports boost oil refining
      467 13 Bloomberg [NEW DELHI] Reliance Industries Ltd is raising sales from the world’s biggest refining complex, helping boost profit from crude processing and beating rivals including Asia’s largest refiner China Petroleum Chemical Corp (Sinopec). The company controlled by billionaire Mukesh Ambani said on
      Bloomberg  -  467 words
    • Article
      Lock icon 7m rupees ‘too small a graft sum for a minister’
      248 13 AFP [NEW DELHI] A senior Indian politician has dismissed claims that a colleague embezzled US$134,000, saying the sum was too small to be taken seriously. Steel Minister Beni Prasad Verma spoke out in defence of Salman Khurshid, the law minister
      AFP  -  248 words
    • Article
      Lock icon More govt support for pension fund urged
      366 13  -  Wen says help vital even if at expense of other projects By JULIE ZHU EJ Insight [HONG KONG] Chinese Premier Wen Jiabao has urged more government support for the social pension fund to meet the needs of the rapidly growing number of pensioners
      EJ Insight  -  366 words
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      148 13 Fitness Centre f jXi/ SSRS -THE ASCOT! LIMITED A Member of CapitaLand Make Yourself at Home Take time to unwind, for a few nights or more. Being away doesn’t mean you have to miss the comforts of home or the tranquility of your own space. In major cities across the
      148 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Budget firms boom in eurozone gloom
      709 14 But banks, insurers could become more attractive as they ride stimulus wave Reuters [LONDON] Europe’s economic gloom has helped budget providers push the travel and leisure sector to outperform in 2012, and while these firms should still lead peers, the sector is set to
      Reuters; PHOTO:REUTERS  -  709 words
    • Article
      Lock icon Fed officials’ views differ ahead of FOMC meet
      628 14 Sharpest divergence centres on inflation risks of easing Reuters [NEW YORK] Federal Reserve officials offered divergent opinions on Monday about the correct stance for monetary policy, differing most sharply on the inflation risk posed by the central bank’s massive efforts to buoy
      Reuters  -  628 words
    • Article
      Lock icon China may lose ranking as top US creditor
      569 14 China’s holdings of US govt bonds down 0.2% this year while Japan ups stake 5.6% Bloomberg [NEW YORK] China is poised to lose its place as the US’ biggest creditor for the first time since the height of the financial crisis. Chinese
      Bloomberg  -  569 words
    • Article
      Lock icon Vietnam’s ruling party chides leaders
      364 14 Reuters [HANOI] Vietnam’s ruling Communist Party has promised economic reforms and a restructuring of state firms and the banking system after a top-level meeting that criticised senior members, thought to include Prime Minister Nguyen Tan Dung, but left them in post. The country’s banks are
      Reuters  -  364 words
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  • WORLD
    • Article
      Lock icon US parties seek US$60b fallback if no budget deal
      608 15 Congress may delay rest of spending cuts as lawmakers work on entitlement Bloomberg Reuters [WASHINGTON] Both parties in the US Congress are discussing fallback plans for US$60 billion to US$100 billion in deficit reduction to avert larger spending cuts and tax
      Bloomberg; Reuters  -  608 words
    • Article
      Lock icon Thai rice programme slows as storage space runs out
      534 15 With stocks at record high, govt prepares to use airport warehouses Reuters [BANGKOK] Thailand’s rice intervention programme has slowed because the government is running out of space to store the grain it buys, with stocks already at a record high as
      Reuters  -  534 words
    • Article, Illustration
      Lock icon Thein Sein re-elected ruling party leader
      394 15 AFP [NAYPYIDAW] Myanmar’s reformist President Thein Sein was yesterday re-ap-pointed as head of the ruling party at a key meeting aimed at reviving its flagging political fortunes against a resurgent opposition. Lower House Speaker Shwe Mann, a fellow reformer who had been tipped to
      AFP  -  394 words
    • Article
      Lock icon Embattled Softbank shares rebound 9.5%
      625 18 Traders say rally more due to bargain hunting than approval of Sprint deal AFP [TOKYO] Japanese mobile carrier Softbank soared in Tokyo yesterday as investors piled back into the stock, which had been pounded since news of its US$20 billion takeover of Sprint Nextel emerged
      AFP  -  625 words
    • Article, Illustration
      Lock icon Softbank chief stands out in corporate Japan
      894 18 AP [TOKYO] The Japanese billionaire behind a deal that will create the world’s third-biggest mobile company spent his childhood in a slum, where he proudly rode in a stinking wheelbarrow filled with pig feed, pushed by his grandmother, a Korean immigrant. The unlikely
      AP; PHOTO: REUTERS  -  894 words
    • Article, Illustration
      Lock icon Male shoppers flock to online websites
      736 18 Bloomberg [NEW YORK] Fashion is the fast-est-growing segment of online commerce, and it’s being propelled by an atypical source: men. Men who have had to live with department stores designed primarily for women are flocking to websites such as Bonobos and Thrillist that push
      Bloomberg; PHOTO: BLOOMBERG  -  736 words
    • Article
      Lock icon Amazon to hire 50,000 staff during winter in US
      236 18 Reuters [BANGALORE] Online retail giant Amazon.com Inc said it will hire more than 50,000 seasonal employees at its fulfilment centres across the United States, as the company and its rivals gear up for the winter holiday season. Retailers typically add seasonal
      Reuters  -  236 words
    • Article
      Lock icon War chest of Japan firms grows to over US$2.6t
      652 19 Softbank bid for Sprint set to take Japan Inc’s 2012 tally to US$75b Reuters [TOKYO] Japanese companies outside the banking sector were sitting on more than US$2.6 trillion in cash and deposits at the end of June a war chest fattened
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      Lock icon Former News Corp exec gets £7m pay-off: report
      323 19 Reuters Bloomberg [LONDON] Former newspaper executive Rebekah Brooks received a pay-off totalling more than £7 million (S$13.7 million) following her resignation from Rupert Murdoch’s British newspaper group last year, the Financial Times said yesterday. Ms Brooks, the woman at the heart of
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    • Article
      Lock icon Panasonic secures US$7.6b bank loan commitments
      178 19 Reuters [TOKYO] Panasonic Corp has won US$7.6 billion of loan commitments from Sumitomo Mitsui Financial Group and other banks, allowing the Japanese electronics conglomerate to sidestep fund-raising in the credit markets. Panasonic sought the financing framework to underpin its finances, choosing bank loans because
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    • Article
      Lock icon Businesses in Asia more likely to be hit by fraud: survey
      617 20  -  India had highest number of firms affected followed by China, Indonesia By MALMINDERJIT SINGH [SINGAPORE] If you are doing business in Asia, there is a higher chance you will be a victim of fraud than anywhere else in the
      617 words
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      Lock icon Cautious improvement in German investor sentiment
      605 20 ECB bond buying plan helps to ease euro break-up fears AFP [FRANKFURT] Investor sentiment is cautiously improving in Germany, as fears about a break up of the euro have eased somewhat in recent weeks, data showed yesterday. Nevertheless, investors’ assessment of the current situation
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    • Article
      Lock icon Goldman profit beats estimates on investments
      685 20 Bloomberg [NEW YORK] Goldman Sachs Group Inc, the fifth-biggest US bank by assets, reported profit that exceeded analysts’ estimates as investments gained in value and revenue more than doubled on a rebound in fixed-income trading. Third-quarter net income of US$1.51 billion, or US$2.85 per
      Bloomberg  -  685 words
    • Article
      Lock icon UK Sept inflation at 3-year low
      444 20 AFP [LONDON] Annual inflation in recession-hit Britain slowed to 2.2 per cent in September, the lowest level for almost three years, official data showed yesterday, but analysts warned that the decline would soon reverse. The 12-month rate compared with inflation of 2.5 per cent
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      4142 16 Invicta Asian Holdings Pte. Ltd. Kian Ann Engineering Ltd. (Incorporated in the Republic of Singapore) (Incorporated in the Republic of Singapore) (Company Registration No.: *****3395H) (Company Registration No.: *****1102H) JOINT ANNOUNCEMENT PROPOSED ACQUISITION BY INVICTA ASIAN HOLDINGS PTE. LTD. OF ALL THE ISSUED AND PAID-UP ORDINARY SHARES IN THE CAPITAL
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      3947 17 8. CONFIRMATION OF FINANCIAL RESOURCES Standard Chartered Bank (“SCB”), being the financial adviser to the Offeror in connection with the Acquisition and the Scheme, has confirmed that sufficient financial resources are available to the Offeror to satisfy in full the aggregate Offer Price payable by it for all the Shares
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      997 18 FORM 69(4) NOTICE OF DIVIDEND Name of Company Wee Siong Engineering Services Pte Ltd (In Liquidation) Co. Reg. No. *****4295N Address of Registered Office c/o The Liquidator’s Office Amount per Centum 5.7% First Final or otherwise First and Final Dividend When payable 17 October 2012 Where payable Office of the
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      17 19 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements WATS NOTICES
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      80 19 I L A CLOSER LOOK AT PROPERTIES FOR RETIREMENT A smaller-sized unit in your golden years is key to optimum manageability. Find your ideal retirement home at stproperty.sg. We have choice HOB and private apartments for the one place that will fulfil your requirements. A product of SPH. Singapore’s trusted
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      244 20 ERA FOR SALE D.10 Good Class Bungalow 1. Sit down to discuss price with owner! 2. Nostalgia Botanic Gardens your doorstep! 3. Timeless Gem! 2.5 Storey Good Class Bungalow. 4. Land! 5,000/8,OOOsf! 5. Face North, Lush Greenery with Pool! Call us for a private viewing now! *****803/*****168 Riza Lee Division
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      34 20 tiOi'l JACKPOT Estimated Draw on Thu, 18 Oct 2012 at 6.30pm at PoMo For details, visit www.singaporepools.com.sg Ip Yri) Always play with care, [responsjbiyj Do not bet illegally. RGB Reg No: *****0202G SINGAPORE POOLS
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  • TransportHUB
    • Article
      Lock icon Disappointment at IMO
      851 21  -  Whimsical enforcement of bunker rules and delay in study on global availability of low-sulphur fuel rile shipowners STRAIT TALK By DAVID HUGHES THE 17th Singapore International Bunkering Conference and Exhibition opened yesterday with a large range of topics on the agenda. Among them are “Compliance within Emissions
      851 words
    • Article
      Lock icon Rio industrial port struggles to draw investors
      250 21 Bloomberg [RIO DE JANEIRO] Billionaire Eike Batista is struggling to reach his goal of luring US$40 billion to an industrial port complex in Rio de Janeiro state after Nissan pulled out, Anglo American plc delayed a project and talks with Ternium SA failed
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    • Article
      Lock icon Iron-ore cargo rates hit 7-year low on Indian export slump
      333 21 Bloomberg [LONDON] The biggest slump in Indian iron-ore exports on record is driving rates for ships hauling the cargoes to the lowest since at least 2005, extending losses for Eagle Bulk Shipping Inc and other owners. Supramaxes, each hauling enough
      Bloomberg  -  333 words
    • Article
      Lock icon TRANSPORT STOCKS
      255 21 SGX '000 Oct 16 S$ +/-Vol CH Offshore 0.52 -0.01 1718 Chuan Hup Hldg 0.27 -0.01 283 Cosco Corp 0.92 0.01 4109 s$ Ezra Hldgs 1.20 0.02 ***** First Ship Lea 0.12 unch 20 Freight Links 0.07 unch 1786 Grand Banks unch unch 0 Jaya Hold Ltd 0.57
      255 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Boeing clinches US$1.9b contract from Pentagon
        628 22 It’s biggest of over 670 deals worth US$45b awarded by Defense Dept in Sept Bloomberg [WASHINGTON] Boeing Co, the world’s biggest aerospace company, won the largest Pentagon contract in September as military awards surged in the final month of the government’s fiscal year. The
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        Lock icon Airport operator to drop BAA name
        309 22 Bloomberg [LONDON] Ferrovial SA will drop the BAA Ltd name for its UK airport holdings, with individual hubs such as London Heathrow operating as stand-alone brands, as antitrust regulators force the Spanish builder to dispose of assets. “The BAA name no longer fits,” Colin
        Bloomberg  -  309 words
      • Article
        Lock icon Damaged jet blocks runway at Brazil airport
        483 22 Separately, check-in system at Tam airlines goes down for 3 hours AP [SAO PAULO] More than 25,000 passengers in Brazil saw flights delayed or cancelled after a damaged cargo jet blocked the lone runway at one of the country’s busiest airports for two
        AP  -  483 words
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        Lock icon US programme to speed up checks at airports hits snag
        643 22 Bloomberg [WASHINGTON] The US Transportation Security Administration, vowing to make airport security checks faster and less intrusive for lowest-risk passengers, made airlines an early partner in its trusted-travel-ler programme known as PreCheck. It’s an arrangement with a catch, one that
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    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Bentley, Lamborghini may delay plans for ultra-luxury SUVs
        676 23 Parent Volkswagen’s move signals euro crisis hurting German carmaker Reuters [BERLIN] Bentley and Lamborghini’s plans to develop ultra-luxury SUVs may be put on hold to save cash for parent Volkswagen, company sources said, in a sign that the crisis is beginning to
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      • Article
        Lock icon Iran looks to China to fund rail project
        361 23 Reuters [ABU DHABI] Iran is hopeful its ally China will fund up to US$2 billion to complete Teheran’s metro rail which faces delays due to lack of financing as a result of sanctions, a government official said on Monday. Phase two of
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      • Article
        Lock icon Renault, Nissan aim to double cost savings by 2016
        355 23 Bloomberg [PARIS] Renault and Nissan said they aim to double annual cost savings from their alliance within four years, while denying a Reuters report that they’re reviewing their cross-shareholdings. “We have an internal goal of 4 billion euros (S$6.3 billion) in
        Bloomberg  -  355 words
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      14 21 www.omy.sg 3Vi <a» SB s \4 showbiz.omy.sg Download FREE QR Code Reader, e.g. BeeTagg
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      75 21 HEMPASIL X3 Multiple awardwinning fuel-saving technology Guaranteed to save ship-owners money on fuel, HEMPASIL X3 is the world’s most advanced fouling release system. It uses HEMPEL’s unique hydrogel technology for unparalleled antifouling capability. Recognised as a major fuel-saving breakthrough for the maritime industry, HEMPASIL X3 is the proud winner of
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      487 21 THE PREMIER BUNKER EVENT FOR THE MIDDLE EAST MARKET March 25-27, 2013 THE EIGHTH INTERNATIONAL The Al Diar Siji Hotel, Fujairah, UAE GOVERNMENT OF FUJAIRAH AKRON n 0BAKRI Bominflot Fujairah o,. -ie.il ButvonduttriM- c i n<_t ini Intertek Mbf BIMCO klautical Institute UAE Branch FUJAIRAH BUNKERING a r-i /mi FUEL
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      24 22 fc -s- Ik Lianhe Zaobao Shanghai woos regional HQs of foreign companies with big incentives Air To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 22 Miscellaneous
    • Miscellaneous
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      383 22 CRYPTIC CROSSWORD Across 1 Lively person’s lapse into sin involving anger against bishop (8) 5 Encourage doctor having trouble in city (6) 9 German graduate different, wasting time (8) 10 Clergy flats in which you’ll get lessons on Bible etc? (6) 12 American gangster uses deceit to get supporters (6)
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      132 23 Join more than 60,000 users to find your ideal job on the go. DOWNLOAD NOW. *Source: iTunes Connect, Oct 2012 Login Register Search Keyword: Marketing Manager Job Function: (All selected) All Job Functions Find My Job: Vr. Jf™? I Managerial I Hot Jobs Part-Time fa 9 X o Browse Job
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  • EDITORIAL & OPINION
    • Article
      Lock icon How crises endanger globalisation
      493 24 EDITORIAL THERE was a sting in the tail of the International Monetary Fund (IMF) and World Bank annual meetings held in Tokyo last week. It was felt when IMF managing director Christine Lagarde admitted to being “worried” about the state of the global financial system, and
      493 words
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      Lock icon Fine line for China party cadre cum Nobel laureate
      763 24  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 CHINA’S reaction to the Nobel Prize awards this year was markedly different from that of two years ago, when it denounced the
      763 words
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      Lock icon Being stuck in an economic tug-of-war
      928 24  -  IMF-World Bank meetings in Tokyo end with no obvious immediate impact By LAWRENCE SUMMERS The writer is a professor, past president at Harvard University, former Treasury secretary in the Clinton Administration and an economic adviser to President Barack Obama IF the global economy was
      PHOTO: BLOOMBERG  -  928 words
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      Lock icon US inflation no threat for now
      1527 25  -  There’s limited practical scope for quantitative easing to bring about inflation in the present circumstances By ROB CARNELL The writer is chief international economist, ING Bank MORE than three years after the Federal Reserve first started to undertake quantitative easing (QE), there is still
      PHOTO: AFP  -  1,527 words
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      Lock icon South Korea should do a Psy to create its own Gangnam Style
      917 25  -  WILLIAM PESEK The writer is a Bloomberg View columnist. The opinions expressed are his own Bloomberg IT ISN’T every day that the finance minister of a major nation mentions a rap star when talking up his economy. But
      Bloomberg; PHOTO: AP  -  917 words
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  • Article
    Lock icon The Business Times Shipping Times
    3480 26 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 n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination
    3,480 words
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      28 26 Corrs: Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times Shipping Times
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      50 26 HD SHIPPING LINE CONVENTIONAL SERVICE ACCEPTING GENERAL PROJECT CARGO SINGAPORE TO PERSIAN GULF RANGE M/V ATLAS ETA SIN O/A 27TH OCT ‘12 ABU DHABI/DUBAI/DAMMAM M/V KEN UNITY ETA SIN O/A 05TH NOV ’12 PG RANGE INCLUDING IRAN Agent: Indasia (Singapore) Pte Ltd Email: indasia@singnet.com.sg Tel: *****831 Ms. Chong Fax: *****831
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      108 27 TO ADVERTISE IN .The Business Times Shipping Times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 Can they find your services here in the Shipping Times? Celebrate Your Project Completion Come publicise your Project Completion, Ship Christenings Delivery of Newbuilds,
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3141 28 Transaction date: Oct 16 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 Company Last Sale Vol Day Last Quote (’000) High Low Buyer Seller 148.5 92.5 AIMSAMPIReit 147.5 +3 215 147.5 145.5
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    • Article
      Lock icon SGX CATALIST
      170 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 Last Vol 4.6 1.3 t Advanced System 1.8 unch 5036 1.8 1.7 1.7 1.8 26.8 Last Quote Div Gr Yld Net M Cap High
      170 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8189 29 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited 0.9781/ EM Local Ccy Bond 0.9636/ European Opportunities'** 1.037/
      8,189 words
    • Article
      Lock icon GLOBALQUOTE
      193 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 $mil Company 41.5 26 Genting HK US$ US32 unch 1945 32.5 32 32 32.5 2107 Sale 228 169 TanChongInt HK215 +4 30 215 214 214 218 4.3 3.3
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    • Article
      Lock icon SGX ETF
      966 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 $mil 126 114.4 ABF SG Bond ETF 120 +1 35 120 119.5 119 120 547.8 128.5 120.4 CIMB APAC Div 100S$D 128.5 125.8 126.7 103.8 95.8 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      629 30 Oct 16 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8638.68 8707.95 8633.68 Dec12 8590.00 8720.00 8585.00 8700.00 ***** *****7 Mar13 8590.00 8700.00 8590.00 8685.00 1 1752 MSCI TAIWAN INDEX FUTURES SPOT 264.79 266.35 264.79 Oct12 264.10 265.80 263.60 265.50 ***** *****9 Nov12 264.20
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr Oct 15 Index Change Change Change Change Change Change World Preliminary 915.2 0.4 10.3 0.4 4.4 0.3 10.7 EAFE Preliminary 728.0 0.5 6.7 0.3 1.2 0.2 7.3 Europe Preliminary 1109.9 0.5 8.1
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      94 30 As on 15 October 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1749.60 1731.70 1737.80 INDIA GOLD (E-GOLD) FUT DEC2012 584.80 578.50 584.10 CURRENCY EUR-USD FUT DEC2012 1.2986 1.2903 1.2950 BASE METAL COPPER FUT DEC2012 8155 8077 8162 INDEX IRON ORE (MBIO) IDX
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    • Article
      Lock icon CHICAGO BOT
      107 30 Oct 15 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1492.50 1522.50 1520.00 1485.75 Jan 13 1491.75 1522.00 1529.25 1484.00 Mar 13 1466.00 1492.00 1489.25 1457.00 May 13 1428.25 1449.75 1449.75 1418.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 50.01
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 30 CRUDE OIL PRODUCTS Oct 15 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 113.41 -0.12 WTI (Near Mth) 91.78 -0.05 Dubai (1-Mth F) 110.11 -0.37 Tapis blend 119.31 0.08 Minas 114.46 0.08 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.06 -1.22 Jet Kerosene 132.45 -1.02 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 30 Oct 16 S$ Bid Offer 1-month 1.2214 1.2215 2-months 1.2214 1.2215 3-months 1.2214 1.2215 6-months 1.2209 1.2211 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      64 30 Oct 15 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1935.20 1968.50 3 months 1963.00 1994.00 Copper, Grade A(US$/tonne) Cash 8095.50 8131.75 3 months 8094.50 8130.00 Lead(US$/tonne) Cash 2100.00 2126.75 3 months 2106.00 2131.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon LIFFE
      80 30 Oct 15 COCOA (£/tonne) Close Prev High/Low Dec 12 1514 1523 1523/1509 Mar 13 1523 1532 1531/1518 May 13 1532 1541 1539/1528 Jul 13 1540 1549 1546/1535 COFFEE(US$/tonne) Close Prev High/Low Nov 12 2036 2052 2056/2035 Jan 13 2064 2068 2078/2059 Mar 13 2082 2084 2095/2073 May 13 2096
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      789 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 4 1 146 488 6.38 19 Conv Ratio Baker Technology Ltd W*****6 0.5 unch 300 1 32 -2 66.00 1 Price Best World Intl Ltd W*****5 0.3 1
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 30 Oct 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.008 6.439 0.791 7.968 54.332 98.539 0.811 11.381 3.137 1.260 97.958 42.505 1.256 9.006 0.956 30.084 31.530 0.638 1.028 Canada 0.992 6.385
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    • Article
      Lock icon SIBOR
      60 30 Oct 16 (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$) 0.***** 3 mths 0.***** 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
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    • Article
      Lock icon PRECIOUS METALS
      135 30 Oct 16 GOLD(US$/oz) Oct 15 Oct 16 Hong Kong 1750.70 1751.00 Oct 12 Oct 15 London 1763.07 1733.94 1764.05 1734.80 Source: Thomson Reuters CAST BAR Oct 16 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 153 68 5gm 435 341 10gm 778 683
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 30 INTERBANK CURRENCY RATE S Oct 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2556 1.2558 1.0280 1.0281 Canadian dollar 1.2451 1.2453 1.0195 1.0194 Euro 1.5881 1.5884 1.3002 1.3004 NZ dollar 0.9959 0.9972 0.8154 0.8164 Sterling pound 1.9669 1.9675 1.6104
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    • Article
      Lock icon GOVERNMENT SECURITIES
      86 30 Oct 16 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 17-Jan-13 0.23 6-Month BS*****N 18-Apr-13 0.27 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.15 5-Year N*****0Z 2.375 01-Apr-17 108.78
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    • Article
      Lock icon PALM OIL
      57 30 Oct 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 12 2448.0 2407.0 2450.0 2386.0 367 7374 Dec 12 2484.0 2433.0 2486.0 2410.0 9179 ***** Jan 13 2518.0 2470.0 2521.0 2443.0 ***** ***** Feb 13 2543.0 2507.0
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 30 As at 9am Oct 16 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.281 1.22 Can dollar 1.273 1.213 Euro 1.62 1.543 Sterling pound 1.999 1.923 NZ dollar 1.029 0.971 US dollar 1.245 1.186 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      154 30 Oct 16 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.08 US$ Offer Bid 7 days 0.22 0.12 1 month 0.30 0.20 2 months 0.45 0.25 3 months 0.50 0.30 6 months 0.75 0.55 9 months 0.90 0.70 12
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  • executive Money
    • Article, Illustration
      Lock icon Irrational optimism taking hold in the US?
      954 31  -  Its institutional investors demand a return of 8%, the highest in the world, says TEH HOOI LING TEH HOOI LING US CORPORATE and pension fund plans expect or require a return of 8 per cent a year on their total plan assets the
      PHOTO: ARTHUR LEE  -  954 words
    • Article
      Lock icon Greenback unfazed by QE3
      1363 32  -  US dollar holding steady against basket of currencies since Sept 12; options traders see it defying history By LIZ CAPO MCCORMICK ALLISON BENNETT Bloomberg [NEW YORK] PTIONS traders are lining up behind the most accurate foreign-exchange strategists and betting the dollar will break with history, emerging
      Bloomberg  -  1,363 words
    • Article, Illustration
      Lock icon Indonesia’s cocoa yield push not bearing fruit
      857 33 Re-planted trees still prone to diseases and producing poor quality beans Reuters [JAKARTA] A US$350 million campaign to boost cocoa yields in Indonesia, the world’s third largest producer of the chocolate ingredient, is turning sour as re-planted trees are still prone to disease,
      Reuters; PHOTO: REUTERS  -  857 words
    • Article
      Lock icon AMP bullish on upcoming NZ listings of utilities
      488 33 Reuters [WELLINGTON] New Zealand’s biggest fund manager is keen to invest in upcoming major new domestic stock listings after a near year-long drought, and is confident a successive, partial sale of three state-owned power companies will not swamp investors. AMP Capital Investors
      Reuters  -  488 words
  • Page 31 Advertisements
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      404 31 PRECISION TRADING IN VOLATILE MARKETS Mm PRICES WATCHLISTS OPEN POSITIONS .11^1^^*****^®^ LAYOUTS HELP AND SUPPORT LOGOUT ACCOUNT MY BALANCE PROFIT/LOSS SD1.651 MARGIN SD1.178 EQUITY SPZ3.699 EDIT SEARCH Search by a news code 12:51:03 it fX (mini) EUR/USD a Stories: FRX UPDATE 1-Kazakhstan Aug inflation steady at 0.3 pet m/m 03
      404 words
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      Lock icon Page 32 Advertisements Column 2
      27 32 Oihk a 5S I m FT CATCH THE NISSAN KISS 92 KISS MOBILE TUNE IN TO KISS 92 TO FIND OUT WHERE WE’LL BE! kiss92.sg facebook.com/kiss92fm @kiss92fm
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      229 33 SAXO CAPITAL MARKETS A TRADER'S BEST CALL www.saxomarkets.com.sg Great minds trade alike. 430,000 counting, as a matter of fact. LarJ It's no surprise that SaxoTrader is the leading online platform choice for 430,000* experienced traders around the world when it comes to making the right call. With Saxo's rich tools,
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      240 34 LOCAL TREATS FROM YOUR FAVOURITE STREETS BEST OF ITS KIND WITH A DELIGHTFUL TWIST K THE ULTIMATE HAWKER FEST THE FINER SIDE OF LOCAL FLAVOURS (20 Oct, Sat, 5pm-10pm). Indulge in the best of Singapore’s favourite local dishes, specially crafted with the finest of ingredients. The event will showcase a
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