The Business Times, 24 October 2012

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Microfilm: NL32265
Total Pages: 37
1 38 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, October 24, 2012
    25 words
  • Article, Illustration
    Lock icon Sept inflation rides on cars, into the fast lane
    830 1  -  Rise anticipated by MAS, which held policy steady to guard against inflation By TEH SHI NING [SINGAPORE] Why the central bank defied the market consensus and stuck to its inflation-fighting policy stance earlier this month was made clear yesterday, when Singapore
    Source: Department of Statistics Singapore  -  830 words
  • Article
    Lock icon PSA group bows out of Mumbai port project
    638 1  -  PSA International calls it quits after series of hitches delay container terminal By LYNN KAN [SINGAPORE] Temasekowned PSA International’s grand plans for a fifth container terminal in India has ground to a halt for now. The port operator told BT it will
    638 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,050.93 (+5.26) GST INDEX FUTURES 3,050.00 (+5.00) HSIMSCI 347.98 (-0.46) HSIMSCI FUTURES 347.60 (-0.60) US$ S$ US$ (S$ per US$) 1.222 (US$/S$ per 1.600 1.956 EURO (US$/S$/€) 1.303 1.593 Foreign currency per US$ S$ YEN 79.80 65.30 RM 3.054 2.498 HK$ 7.750 6.340 BAHT 30.75 25.15 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      47 1 Tuesday Change KL COMP 1,664.90 +2.95 NIKKEI 225 9,014.25 +3.54 HANG SENG Closed SET INDEX Closed JAKARTA COMP 4,330.15 -11.23 MANILA COMP 5,432.32 +7.53 SEOUL COMP 1,926.81 -14.78 SHENZHEN B 599.95 -3.50 MUMBAI IND 18,710.02 -83.42 12 noon EDT Change DOW 13,105.37 -240.52 NASDAQ 2,987.68 -29.28
      47 words
    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.448 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg Source: Bloomberg
      19 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      580 2 PSA group bows out of Mumbai port project PSA International’s grand plans for a fifth container terminal in India has ground to a halt for now. The port operator told BT it will bow out of a much-delayed US$1.2 billion container terminal project in Mumbai after the Jawaharlal
      580 words
    • Article, Illustration
      Lock icon Cautious contenders enter last stretch neck-and-neck
      989 2  -  Polls show Obama beats Romney in last debate, focusing on foreign policy By LEON HADAR in Washington PRESIDENT Barack Obama and his Republican challenger Mitt Romney have entered the final two-week stretch of what could become the closest race to the White House in
      PHOTO: AFP  -  989 words
    • Article
      Lock icon Correction
      35 2 IN “Wilmar buys into firm: source” (BT, Oct 20), Bloomberg reported that Wilmar International had bought a stake in GrainCorp Ltd, eastern Australia’s largest grain handler. Wilmar said it did not buy into GrainCorp.
      35 words
    • Article, Illustration
      Lock icon Suntory on high-growth Asia acquisition drive
      579 4  -  It takes 51% stake in Hanoi venture with PepsiCo, but is not eyeing F&N By VEN SREENIVASAN [SINGAPORE] Armed with a huge war-chest, Japan’s Suntory group has embarked on an acquisition drive through Asia, though its plans do not include any moves towards Singapore’s
      579 words
    • Article
      Lock icon S’pore is most business-friendly for seventh straight year
      592 4  -  But other economies are closing the gap: World Bank report By MALMINDERJIT SINGH [SINGAPORE] For the seventh year running, Singapore has come out in pole position in a ranking of the 185 economies in the area of business-friendliness. But the Doing Business
      592 words
    • Article
      Lock icon Market awaits clarity on OUE’s F&N plans
      609 4  -  Pricing and funding structure for OUE’s bid seen as key risks By KENNETH LIM [SINGAPORE] The market flew a holding pattern around Fraser Neave (F&N) and potential bidder Overseas Union Enterprise (OUE) yesterday as investors waited to see if a deal would materialise.
      609 words
    • Article
      Lock icon HKMA steps in again to halt HK$’s rise
      391 4 Bloomberg [HONG KONG] The Hong Kong Monetary Authority (HKMA) sold its own currency for a second time in a week to stem appreciation after it traded near the upper limit of a 29-year-old peg to the US dollar. The central bank bought
      Bloomberg  -  391 words
    • Article
      Lock icon No need for S’pore to rush into nuclear energy, says panel
      487 4  -  Given current glut in power generation capacity, it also makes no economic sense By RONNIE LIM [SINGAPORE] Singapore does not need to rush into nuclear energy, the International Advisory Panel (IAP) on Energy agreed yesterday, backing the recently-released conclusions
      487 words
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      207 2 WA m m 3 11 NOVEMBER presents DAVID TOUTAIN of Agape Substance in collaboration with CHEF DE CUISINE JULIEN ROYER ADAM BYATT of Trinity in collaboration with CHEF DE CUISINE LEE BENNETT Ingredients don't limit the minds of masterchefs. of JAAN of Equinox Restaurant 4 A M sk m 3
      207 words
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      192 3 UNCHALLENGED THE BMW M3 Against it, every other sports car bows in respect. For the BMW M3 isn’t just a sports car. It’s a race car bred in the Green Hell of Nurburgring. Everything in it is developed from motorsport technology, like the M Dual Clutch Drivelogic Transmission and individual
      192 words
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      70 4 MODERN AND CONTEMPORARY ASIAN ART AUCTION AUCTION SINGAPORE I SATURDAY, 3 NOVEMBER 2012 Buyer's premium 12%- 18% A 1 r. i I ■i rr <i m S' > PI w Chen Wen Hsi to Nona d Ventura Cheong Soo Pieng Auction: Saturday 3 Nov 2012 11:30 pm Grand Hyatt Hotel
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      85 5 TAKING THE LEAD FOUR TIMES IN A ROW TTG BEST MID-RANGE HOTEL, ASIA PACIFIC FURAMA RIVERFRONT, SINGAPORE Thank You For Your Continuous Support X- "vi Iff 7 h. Em 4 2011 \\W\i WA II Mil TRAVEL AWARDS 2012 An Award Winning Brand 1 INTER NATIONAL www.furama.com Singapore Bali Bangkok Beijing
      85 words
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  • COMPANY NEWS
    • Article
      Lock icon Reit sector’s return 42.6% year to date
      560 6  -  They are a top performer among indices, with lower volatility than STI By CAI HAOXIANG THE real estate investment trust (Reit) sector has edged ahead of other sectors this year, with year-to-date total returns of 42.6 per cent. Reits were also less volatile
      560 words
    • Article
      Lock icon MIT Q2 distributable income up 18.4%
      379 6  -  By MINDY TAN MAPLETREE Industrial Trust (MIT) saw distributable income jump 18.4 per cent to $36.9 million for the three months ended September, compared with a year ago. This translates to a distribution per unit of 2.29 cents, a year-on-year increase of 11.7 per
      379 words
    • Article
      Lock icon Ascott Reit Q3 DPU at 2.24¢
      457 6  -  By ONG CHOR HAO ASCOTT Residence Trust (ART) has had a slight boost in its third quarter results, courtesy of continued income from two newly acquired serviced apartments in Japan and a strong performance in China and the United Kingdom. For the period ended
      457 words
    • Article
      Lock icon CapitaRetail China Trust’s Q3 DPU jumps 14.2%
      308 6  -  By LEE MEIXIAN HIGHER tenant sales and shopper traffic drove CapitaRetail China Trust’s (CRCT) third-quarter distribution per unit (DPU) up 14.2 per cent to 2.42 cents a share for the three months ended Sept 30, 2012. Based on an annualised DPU of 9.63
      308 words
    • Article, Illustration
      Lock icon Ascendas in Iskandar tech park venture
      350 9  -  It ties up with UEM Land to develop the $1.5 billion 9-year project By ONG CHOR HAO ASCENDAS Land International will partner UEM Land to develop an integrated technology park in Johor’s Iskandar region for an estimated $1.5 billion. The proposed tech park will
      Source:  -  350 words
    • Article
      Lock icon OSIM Q3 net profit rises 49% on better mix
      353 10  -  Group posts gain of $19.58m; slightly over half of sales is from North Asia By NISHA RAMCHANDANI LIFESTYLE and nutrition group OSIM International has registered a 49 per cent year-on-year increase in net profit to $19.58 million for the three months
      353 words
    • Article, Illustration
      Lock icon Frasers Centrepoint Trust’s Q4 DPU up 15.3%
      390 10  -  By ANGELA TENG FRASERS Centrepoint Trust (FCT), which owns five suburban malls in Singapore, said yesterday that its distribution per unit (DPU) for the fourth quarter ended Sept 30, 2012 was 2.71 cents, up 15.3 per cent compared to a year ago’s 2.35
      390 words
    • COMPANY BRIEFS
      • Article
        Lock icon DeClout IPO fully subscribed
        41 10 NEXT generation technology services provider DeClout Ltd’s initial public offering (IPO) of 31 million new shares at 25 cents apiece was fully taken up, raising gross proceeds of $7.75 million. DeClout will start trading on Catalist today.
        41 words
      • Article
        Lock icon Aspial to place up to 33m new shares
        52 10 JEWELLERY chain Aspial Corp plans to raise net proceeds of $13 million by placing out up to 33 million new shares at 40 cents each. The price is a 6.9 per cent discount to the weighted average price of 42.96 cents traded
        52 words
      • Article
        Lock icon MegaChem partners Japan’s Chori
        35 10 MegaChem has inked a strategic partnership with Japan’s Chori Co to tap on each other’s expertise in the chemicals industry. Chori has also agreed to acquire 29.99 per cent of Megachem.
        35 words
      • Article
        Lock icon Sky Green 80% sold on soft launch
        65 10 A CONSORTIUM comprising Heeton Holdings, KSH Holdings, TEE International and Zap Piling Pte Ltd has sold around 80 per cent of its new 176-unit freehold residential development, Sky Green. The sales took place before the development’s official launch next weekend. Units were sold
        65 words
    • Article
      Lock icon OKP let down by core business
      324 10  -  By TEO SI JIA LOWER revenue from its core businesses has weighed down on infrastructure and civil engineering company OKP Holding’s bottomline for the third quarter ended Sept 30. Net profit for the quarter was 50.2 per cent lower at $2.43 million, while that
      324 words
    • Article
      Lock icon Astro wins court ruling on Lippo award
      142 10 Bloomberg MALAYSIAN billionaire T Ananda Krishnan’s Astro group won a Singapore court ruling upholding a US$250 million arbitration award against Lippo Group, its former Indonesian partner. A three-member arbitration tribunal in 2010 ruled against Lippo for a failed television venture. Toby Landau, Lippo’s
      Bloomberg  -  142 words
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      643 6 1 y y u Ma il 1 i till 12-*****-9 9 ~5 3-2 4-1 >■-' 'H .•>' 0 72-77 O M V 1 v-rv Global Mobility Seminar 2012 Beyond borders: risks and opportunities Wednesday, 14 November 2012 (afternoon) Thursday, 15 November 2012 (full day) Time Wednesday, 14 November 2012: 1:00
      643 words
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      119 7 ND COMPROMISE M bil n Benz *s tr H HILTON HHONOR ter* We started with the best foundations possible. Because the 12C Spider is built on the same carbon MonoCell as the immensely rigid Coupe, there was no need to compromise with traditional heavy strengthening braces. All we had to
      119 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Traders zoom in on penny stocks
      541 8  -  ST Index increases 5.3 points amid moderate market turnover at $1 billion STOCKS VEN SREENIVASAN Senior Correspondent IT WAS another day of the same featureless trading on the Singapore bourse as traders continued to punt on penny stocks yesterday, while serious investors largely steered
      Source: Bloomberg  -  541 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Oct 23 VALUE CLOSE BT OB/OS -221.00 -14.00 BT CADI -*****.00 -80.00 BT 10-day MA -*****.00 -22.00 FTSE ST Mid Cap 750.58 -3.07 FTSE ST Small Cap 494.47 -2.12 FTSE ST All Share 748.10 +0.31 FTSE ST China Top 201.36 -0.44 FTSE ST China 219.46 -0.32 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME YHM 342,555,000 Golden Agri 112,902,000 Transcu Grp 108,610,000 Geo Energy 83,749,000 Artivision 76,033,000 Thai Beverage 63,898,000 HPH Trust US$ 41,152,000 Yoma 36,374,000 Asiasons 22,046,000 Asiamedic 21,367,000 VALUE($) Golden Agri 72,729,610 F&N 55,532,564 UOB 50,688,741 HPH Trust US$ 42,571,810 SingTel 37,577,800 Geo Energy 35,717,475 Thai Beverage 27,615,505
      58 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 5 0 0 0 6 5 5 Manufacturing 41 53 45 4 7 8 45 60 53 Commerce 19 29 16 2 3 2 21 32 18 Tpt/Stor/Comms 7 19 10
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      936 8  -  Compiled by JOYCE HOOI Macquarie International Infrastructure Fund Oct 23 close: $0.56 AmFraser Securities, Oct 23 OFFERING a distribution yield of 9.91 per cent, Macquarie International Infrastructure Fund (MIIF) distinctively stands out among high-yield alternatives. However, despite boasting an attractive yield amid the historically low-rate environment, MIIF continues
      Source: Bloomberg  -  936 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 8,283 8,283 45,566 45,566 Manufacturing 244,220 31,904 276,124 186,135 449 186,584 Commerce 89,773 1,988 91,761 69,278 325 69,603 Tpt/Stor/Comms 91,891 15,588 107,479 123,948 4,960 128,908 Finance 20,248 134 20,382 97,793 58 97,850 Construction 63,220 343,969
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 8 Stock name Close Change CapMallsAsia 1.800 +0.010 CapitaLand 3.290 +0.050 CapitaMall 2.140 +0.010 CityDev 11.570 -0.150 ComfortDelGro 1.620 -0.010 DBS Grp 14.060 -0.020 F&N 9.260 GLP 2.550 +0.010 Genting SP 1.320 Golden Agri 0.645 +0.010 HK Land 5.970 +0.020 IHH Healthcare 1.295 +0.005 JMH 61.500 +2.100
      113 words
    • Article, Illustration
      Lock icon Euro falls on Moody’s downgrades; yen up
      506 8 CURRENCIES Bloomberg [NEW YORK] The euro dropped from a five-month high against the yen yesterday after Moody’s Investors Service cut the credit ratings of five Spanish regions and French industrial confidence fell to the lowest level in more than three years. The 17-nation
      Bloomberg; PHOTO: BLOOMBERG  -  506 words
    • Article
      Lock icon RISES
      111 8 BY CENTS CLOSE UP JMH 6150 256.7 3.5 DBXT Nifty 10US$ ***** 140.6 1.1 Jardine C&C 5200 50.0 1.0 Hyflux 6% CPS 10 ***** 30.0 0.3 DBXT FTChina25 10US$ 2844 24.5 0.7 DBXT S&P Short 10US$ 3538 22.0 0.5 DBXT MSINDIA 10US$ 871 18.3 1.8 YHS 515 17.0 3.4
      111 words
    • Article
      Lock icon FALLS
      133 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -70.9 -0.3 DBXT MSJAP 10US$ 3508 -47.7 -1.1 DBXT MSTaiwan 10US$ 1718 -31.8 -1.5 Asia Pac Brew 5244 -19.0 -0.4 CityDev 1157 -15.0 -1.3 OCBC Bk 4.5%NCPS 100 ***** -14.0 -0.1 DBXT CSI300 10US$ 731 -13.5 -1.5 IS ASIA BND 100S$D 1307
      133 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      398 9 Ifcw ctw. W, (A -fMvun a dealer I L *S:-:5% m&mmmz ARNAGE R a m r t ft •Sft ses ss 1' i iv ■9) r f 2007 BENTLEY ARNAGE R Mileage 11,450km Burgundy with Oatmeal/Burgundy Interior and Burr Oak Veneer 2011 BENTLEY MULSANNE Mileage 8,000km Silver Tempest with Beluga
      398 words
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      122 10 JERRY LUM Snr Marketing Director, MBA, CES 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 >://! I v, LOSE YOURSELF EXPERIENCE, NOT THE MALL. Sunlit atriums for dreamy wide walkways to link your favourite boutiques.
      122 words
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  • SHAPING GLOBAL BUSINESS
    • Article, Illustration
      Lock icon Rising through the ranks
      1284 11  -  Barry Lin recalls how WPG has grown from a two-man outfit to a 6,500-strong giant, reports CAI HAOXIANG reportsCAI reportsCAI HAOXIANG BARRY Lin, in his final year of college in 1980, was an office boy in a two-man outfit. His brother’s former colleague had just started
      PHOTO: ARTHUR LEE  -  1,284 words
    • Article
      Lock icon Making sure the cash flows
      427 11  -  Successful cash management will not only help a company stay afloat, but will also drive business performance By ROHIT JOSHI The writer is head of global payments and cash management, HSBC Singapore. WHETHER you are a small business or a large enterprise dealing in multiple
      427 words
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      131 11 In the future, cash will be king. Effective cash management is about creating a strategy to handle your daily treasury needs, while focusing on your long-term goals. On the ground in more than 70 countries worldwide, HSBC's Payment and Cash Management teams have the knowledge to help you navigate local
      131 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon 100% care, spot-on!
      1182 12  -  By INDRA BUDIHARTO, EDWIN ISKANDAR MICHELLE YEO The writers are students at NUS Business School A COMPANY with a star-stud-ded clientele including Marina Bay Sands integrated resort (MBS), Fullerton Hotel and the St Regis, Zero Spot has come a long way from its humble beginnings. First founded
      PHOTO: YEN MENG JIIN  -  1,182 words
    • Article, Illustration
      Lock icon Buzz expected at tender for Redhill plot
      653 13  -  Unnamed successful applicant agrees to bid at least $222.898m for the residential site By KALPANA RASHIWALA THE buzz in the Redhill MRT Station vicinity continues on the Government Land Sale circuit. A 99-year-leasehold private housing site dubbed Alexandra View (Parcel B) has been
      653 words
    • Article
      Lock icon Regional energy links: consultant backs small start
      614 13  -  She suggests ways to reduce cost of LNG transportation By RONNIE LIM ATTEMPTS at linking up the region for energy should start small, says an official from The Lantau Group (TLG), a Hong Kong-based consultancy which recently handled a study for the Energy
      614 words
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      150 12 PanPacificOrchard,Singapore(LobbyLevel),10ClaymoreRoadSingapore*****0 Tel:+********** Tollfree:**********2 Emailorchard@panpacific.com panpacific.com/orchard J&t* m if m, i i' h jpliiMI t> ?H, «V -t* 5 FOOD THEATRE edge Welcome to the street, the buzz, the noise, the atmosphere, the food, the aroma. At Edge, we’re all about traditional street food and real flavours cooked the authentic way
      150 words
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      11 13 CATS Recruit The first step on your ladder to success CLA/AUG06/g
      11 words
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      444 13 Open a Time Deposit and enjoy up to 1.6% Pa and free flights. I ad m V i 1 JS&iiS. as a Vi-ar > r> Mi S! I Introducing the new Maybank Affluent Banking Centre at Marine Parade To celebrate the opening of our new Affluent Banking Centre in the
      444 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Canada backpedals on its rejection of Petronas deal
      729 14 Progress CEO points to breakdown in communication, says talks to start anew Reuters [TORONTO] Canada’s Progress Energy Resources Corp sought to reassure investors on Monday that its proposed takeover by Malaysia’s Petronas was not dead in the water, saying the two companies
      Reuters  -  729 words
    • Article, Illustration
      Lock icon AirAsia to move to KLIA2 low-cost carrier terminal
      349 14 [KUALA LUMPUR] AirAsia group’s chief executive officer Tony Fernandes has given the green light for AirAsia, Asia's largest low-fare, no-frills airline, to move to the KLIA2 low-cost carrier terminal upon its completion next year. According to the Business Times in Malaysia, the
      BLOOMBERG FILE PHOTO  -  349 words
    • Article
      Lock icon Rupiah forwards advance most in a week
      294 14 Foreign funds seen boosting investment in local assets Bloomberg [JAKARTA] Indonesia’s rupiah forwards advanced by the most in almost a week on speculation that foreign funds will boost investments in local assets as consumption drives the nation’s economic growth amid a global slowdown.
      Bloomberg  -  294 words
    • Article
      Lock icon Lower Pertamina gasoil imports seen for Nov
      304 14 Reuters [SINGAPORE] Indonesian state energy company Pertamina is expected to import about four million barrels of high sulphur gasoil next month, up to 20 per cent less than in September and October, industry sources said on Monday. Indonesia is one of Asia’s biggest
      Reuters  -  304 words
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      480 14 w NUS National University of Singapore Strategic Technology Management Institute School of Computing NATIONAL INFOCOMM COMPETENCY FRAMEWORK Jointlv deveiooed bv IDA and WDA Scaling The Heights With Real Leaders Master Certificate Programme on CIO Practices IT Leadership Programme (ILP) Developed as one of two sections in the Master Certificate Programme
      480 words
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  • GREATER CHINA
    • Article
      Lock icon China factories’ profits at risk as pricing clout sags
      649 15 Sluggish earnings growth may prompt corporate tax cuts, say economists Bloomberg [BEIJING] Chinese factories are losing pricing power in the worst wholesale-cost deflation since 2009, signalling corporate earnings may deteriorate further and putting a damper on global inflation pressures. Steelmaker China
      Bloomberg  -  649 words
    • Article
      Lock icon More investment options open to insurers
      301 15 Regulator allows them to trade index futures, derivatives Reuters [SHANGHAI] China’s insurance regulator has widened investment options for the country’s insurers, allowing them to trade index futures and financial derivatives at home and expand their investment scope abroad. The move is the latest in
      Reuters  -  301 words
    • Article, Illustration
      Lock icon Esprit unveils plans to raise US$677m in share sale
      331 15 AFP [HONG KONG] Clothing retailer Esprit plans to raise up to US$677 million in a new share sale to rebuild its brand as part of a multi-billion-dollar four-year transformation drive, a report said yesterday. Up to 655.8 million shares will be
      AFP; AFP FILE PHOTO  -  331 words
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      389 15 Standard Chartered Here for good 2 financial goals to achieve 3 deposits to choose from bank to help you along the way wm. It’s good to discover more ways to grow your wealth. PRIORITY Banking At Priority Banking, we believe the strength of any relationship comes from understanding. That’s why
      389 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China hints at reform as key papers drop Mao Thought
      776 16 Congress to discuss amending party constitution that may signal reforms Reuters [BEIJING] China’s ruling Communist Party has dropped its strongest hint yet that it will move in the direction of reform, removing a once standard reference to late leader Mao
      Reuters; PHOTO: REUTERS  -  776 words
    • Article
      Lock icon China firm in hostile bid for Discovery Metals
      398 16 AFP [SYDNEY] A Chinese private equity firm yesterday announced a hostile takeover bid for Australia-listed Discovery Metals, valuing the copper miner at A$830 million (S$1 billion), Discovery said. Shanghai-based Cathay Fortune Corp said the offer, made with the China-Africa Development Fund, an
      AFP  -  398 words
    • Article
      Lock icon PICTET
      273 16 Pictet-Absl Rtn Glo Cons-P EUR 19.10.2012 EUR 104,92 Pictet-Absl Rtn Glo Div-P EUR 19.10.2012 EUR 118,64 Pictet-Asian Equities Ex Japan-P USD 19.10.2012 USD 167,57 Pictet-Asian Local Currency Debt-P USD 19.10.2012 USD 153,08 Pictet-Biotech-P USD 19.10.2012 USD 379,76 Pictet-Clean Energy-P USD 19.10.2012 USD 62,26 Pictet-Digital Communication-P USD 19.10.2012 USD 147,72
      273 words
    • Article
      Lock icon Walmart entry to spur transport, logistics spending
      552 16 Transport Corp of India to add 1,000 more trucks in 5 yrs Bloomberg [NEW DELHI] Transport Corp of India, the nation’s third-largest logistics company, plans its biggest investment in five years to prepare for a jump in freight demand as retailers such as
      Bloomberg  -  552 words
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      220 16 I need the right tools to meet my business needs It’s my choice. Like time, learning never stops. At Kaplan Professional, we are all geared up to deliver cutting edge learning solutions to meet your organisational needs at your door step. We are committed to supporting individuals and organisations in
      220 words
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      104 16 TENDER NOTICE Land Bank of Taiwan, Singapore Branch Land Bank of Taiwan, Singapore Branch invites tenders from Certified Companies for Corporate Tax Compliance Work for the YA2013-2014. Eligibility: Tenderers must be qualified by Accounting and Corporate Regulatory Authority Singapore (ACRA). Collection of Tender Specification: Tender Specifications are obtainable from Land
      104 words
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      542 16 WAT3 NOTICES Transcu Group Limited (Incorporated in the Republic of Singapore) (Company registration no. *****0320E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Transcu Group Limited (the Company' will be held at Hotel Fort Canning, Legends 2 Ballroom, 11 Canning Walk, Singapore *****1
      542 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon US election looms large on Fed’s horizon
      790 17 Its outcome may not affect Fed’s decision on whether to keep buying Treasuries NYT [WASHINGTON] The next significant event for monetary policy is not the Federal Reserve’s two-day meeting that started here yesterday, which is likely to pass quietly, but the presidential election
      NYT; PHOTO: BLOOMBERG  -  790 words
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      424 17 Can underappreciated emerging market currencies also be an opportunity? Get Substance the UBS House View Go to www.ubs.com/investment-ideas or scan the QR code with your smartphone m JafSt s Call 65 *****772 We will not rest UBS This material has no regard to the specific investment objectives, financial situation or
      424 words
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      372 18 / 19 WHERE EXPERIENCE MEETS EXPERTISE Congratulations to DeClout Limited on your successful listing on SGX-ST Catalist on 24 October 2012 Best Wishes from: Commercial Industrial Supplies and Services Pte Ltd Airport Infrastructure and Services Specialist Email: enquiries@ciss.com.sg DeClout Limited (Company Registration No.: *****7764W) (Incorporated in the Republic of Singapore on 21
      372 words
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  • WORLD
    • Article, Illustration
      Lock icon Financial transaction tax plan gets EU Commission backing
      411 20 Support may open another rift in Europe, where finance rules differ Reuters [BRUSSELS] The European Commission threw its support yesterday behind a plan by 10 eurozone countries to use a single rule to tax transactions by financial institutions as a way of
      Reuters; PHOTO: AFP  -  411 words
    • Article
      Lock icon London overtakes Singapore as 2nd biggest yuan offshore centre
      553 20  -  By SIOW LI SEN [SINGAPORE] London has overtaken Singapore in offshore yuan payments, a development which bankers said was only a matter of time in coming, given Europe’s higher volume of trade with China. Latest data from Swift, a global payment
      553 words
    • Article
      Lock icon Van Rompuy to push for women in EU posts
      231 20 Bloomberg [BRUSSELS] European Union President Herman Van Rompuy vowed to push for more women in top EU finance jobs while urging lawmakers to endorse the appointment of Yves Mersch to the European Central Bank’s Executive Board. The European Parliament, in a
      Bloomberg  -  231 words
    • Article
      Lock icon DuPont Q3 gain misses forecast, plans layoffs
      245 20 Reuters [HOUSTON] DuPont slashed its annual forecast, reported a lower-than-expected quarterly profit and planned to lay off 1,500 employees around the world, about 2 per cent of its 70,000-person workforce amid bleak signs that demand for the chemical company’s lucrative paint and solar
      Reuters  -  245 words
    • Article
      Lock icon Protests piling up against tougher US capital rules
      724 21 Banks, lawmakers want a more targeted approach in Basel III push Bloomberg [WASHINGTON] US banks are protesting capital rules proposed by regulators to comply with international standards and have asked that rules for assessing risk in their assets be replaced with something
      Bloomberg  -  724 words
    • Article
      Lock icon US oil and gas boom takes slack out of jobs market
      730 22 Sector now supports 1.7m jobs and is expected to employ 3m people by 2020 Reuters [WASHINGTON] The US oil and gas rush is cutting into jobless numbers, supporting a total of 1.7 million jobs this year, a number that
      Reuters  -  730 words
    • Article, Illustration
      Lock icon Yahoo’s Q3 earningsbeat estimates
      600 22 It earns US$3.2b during the 3 months ending in September AP Reuters [SAN FRANCISCO] Yahoo ushered in Marissa Mayer as its new CEO with a third-quarter earnings report that topped analyst estimates. The results, announced on Monday, show that Yahoo’s net revenue barely grew at a
      AP; Reuters; PHOTO: REUTERS  -  600 words
    • Article
      Lock icon Allure of the Arctic fades for oil giants
      639 22 BP seen reviving plans but interest in region has waned AFP [OSLO] The agreement between BP and Russian oil giant Rosneft announced on Monday is said to give the British group a firm foothold in the Arctic, a region often hailed as
      AFP  -  639 words
    • Article
      Lock icon UK report rejects EU proposal to curb high-speed trading
      387 22 Reuters [LONDON] European Union (EU) plans to clamp down on trading shares faster than the blink of an eye could damage market efficiency and reduce liquidity, a UK government-spon-sored paper said, rejecting a key Brussels proposal to force traders to hold
      Reuters  -  387 words
    • Article
      Lock icon Teens, 30-somethings biggest readers in US
      302 22 Survey shows e-book use highest among readers in their 30s Reuters [WASHINGTON] The most likely book readers in the United States are highschool students, collegeage adults and people in their 30s, with e-book use highest among 30-some-things, a survey released yesterday showed. Seventy-eight per
      Reuters  -  302 words
    • Article
      Lock icon Huge loss for Morgan as two top advisers quit
      577 23 The duo, with their teams, managed more than US$6.5b in client money Reuters [NEW YORK] More than US$6.5 billion in client assets managed at Morgan Stanley’s US brokerage may be walking out of the door after two top-ranked private wealth advisers
      Reuters  -  577 words
    • Article
      Lock icon London’s nimble start-ups offer alternatives to banks
      809 23 Innovative products prove more attractive to small customers NYT [LONDON] When Hiroki Takeuchi joined McKinsey Co in 2008, he had a front-row seat to the upheaval in finance. After the collapse of Lehman Bros, Mr Takeuchi, a 26-year-old Oxford graduate, worked with some
      NYT  -  809 words
    • Article
      Lock icon Opec faces hurdles in picking next chief
      299 23 Reuters [DUBAI] The Organization of the Petroleum Exporting Countries (Opec) is likely to find reaching a consensus difficult in talks this week on selecting its new secretarygeneral, delegates to the producer group said, due to rivalry between Saudi Arabia and Iran over its
      Reuters  -  299 words
    • Article, Illustration
      Lock icon Spain’s growth shrinks for a fifth quarter in Q3
      571 23 Yield on 10-year bonds rises six basis points to 5.52% Bloomberg MADRID] The Spanish economy contracted for a fifth quarter in the three months to September, adding pressure on Premier Mariano Rajoy to seek more European aid. Gross domestic product shrank
      Bloomberg; PHOTO: REUTERS  -  571 words
    • Article, Illustration
      Lock icon US firms feel chill as China economy cools
      871 24 Exporters cut jobs, revenue forecasts amid weak demand for their goods NYT [NEW YORK] US exporters are increasingly feeling the impact of the economic slowdown in China. Cummins, the big Indiana engine maker, lowered its revenue forecast earlier this month and said
      NYT; PHOTO: BLOOMBERG  -  871 words
    • Article
      Lock icon Australia to start register of foreign farmland ownership
      360 24 AFP [SYDNEY] Australia will create a national register of foreign ownership of agricultural land, Prime Minister Julia Gillard said yesterday, following concerns about the sale of valuable farming assets. Ms Gillard said Australia welcomed foreign investment but the government also understood the
      AFP  -  360 words
    • Article
      Lock icon Bundesbank urged to carry out physical audit of gold reserves
      210 24 Reuters [BERLIN] Germany’s federal auditors called on Monday for the central bank to physically inspect the gold reserves it stores at foreign central banks because the high value holdings have never been fully checked. Germany’s Bundesbank holds nearly 3,400 tonnes
      Reuters  -  210 words
  • Page 20 Advertisements
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      706 20 DECLOUT LIMITED (Company Registration No.: *****7764W) (Incorporated in the Republic of Singapore on 21 August 2010) Placement of 31,000,000 Placement Shares, at S$0.25 for each Placement Share, payable in full on application. APPLICATION RESULTS The Board of Directors of DECLOUT LIMITED (the “Company”) is pleased to announce that, as at
      706 words
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      429 20 MEET NETWORK WITH WHO’S WHO OF THE INTERNATIONAL LNG INDUSTRY THE EIGHTH LNG Supplies fdg Asian Markets Asian LNG Markets in Transition Traditional Versus New LNG Supplies January 22-25, 2013 Smart Energy, Sustainable Future Mr r Mar r Authc vart Energy, \t Energy Market Authority Driving Singapore's External Economy Singapore
      429 words
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  • Page 21 Advertisements
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      279 21 THINK SUCCESS. THINK MDIS. Iam%\ (■■■I In the end, you're measured not by how much you undertake but by what you finally accomplish. JJ 5 m O It 9 Donald Trump MDIS Business School MDIS, pioneering hands-on learning for the new economy GRENOBLE ECOLE DE MANAGEMENT Graduate School of Business
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      654 22 THE COMPANIES ACT, CH. 308 OF THE STATUTE LAWS OF THE COMMONWEALTH OF THE BAHAMAS BC CAPITAL GROUP S.A. (In Voluntary Liquidation) Supreme Court Cause No. COM/ com/***** of 2012 TAKE NOTICE that: 1. The above-named Company was put into voluntary liquidation in the Republic of Panama on the 12th
      654 words
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  • Page 23 Advertisements
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      87 23 Setting up a call centre??? All-Touch™ Virtual Call Centre onverged Solutions Hosted Call Centre, Hosted SMS, Hosted IVR, Hosted CRM, On-Demand. Answer Calls from office, home or anywhere with Internet Supports 'do-not-call' list No need to buy, subscription basis. From $985 per month International Toll-Free Numbers Backup and Redundancy Interactive
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      Lock icon Page 23 Advertisements Column 2
      85 23 3rd edition of the France Singapore Innovation Days Organised by the French Trade Commission Ubifrance in Singapore Innovative Security Solutions Digital Security Security for Air, Land and Sea. About 20 French innovative companies will present their expertise and latest technologies. It will be an opportunity for Singapore-based companies to explore
      85 words
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  • TransportHUB
    • Article
      Lock icon Singapore scores at bunker show Sibcon
      837 25  -  Several initiatives embarked on, that are setting the pace globally STRAIT TALK By DAVID HUGHES LAST week’s 17th Singapore International Bunkering Conference and Exhibition must be judged a success on any reasonable criteria. The attendance was certainly impressive, with something like 1,600 delegates. Maritime
      837 words
    • Article
      Lock icon TRANSPORT STOCKS
      250 25 SGX '000 Oct 23 S$ +/-Vol CH Offshore 0.53 unch 300 Chuan Hup Hldg 0.30 unch 342 Cosco Corp 0.90 unch 4212 S$ First Ship Lea 0.12 unch 421 Freight Links 0.07 unch 2082 Grand Banks unch unch 0 Jaya Hold Ltd 0.57 unch 12 K1Ventures 0.13 unch
      250 words
    • Article, Illustration
      Lock icon Syndicated loan on the cards for Abu Dhabi Ports next year
      588 25 Bloomberg [DUBAI] Abu Dhabi Ports Co may raise funds next year to meet the growth potential of its Khalifa Port as the Persian Gulf emirate boosts the development of industries that will reduce its reliance on oil exports. Khalifa
      Bloomberg; PHOTO: AP  -  588 words
    • Article
      Lock icon Sanctions are hurting industry: Iran cargo line
      568 25 IRISL’s head sees problems mounting if pressure continues Reuters [DUBAI] Targeted Western sanctions are hurting Iran’s vital shipping industry and if the pressure continues its biggest cargo carrier will face increasingly grave problems, the head of the Iranian line said. Many of Iran’s
      Reuters  -  568 words
    • Article
      Lock icon Foreign ships banned from China rivers from next year
      299 25 Bloomberg [SHANGHAI] China will ban foreign vessels from sailing on domestic waterways including the Yangtze River, the world’s busiest for freight, as local operators struggle to make money amid a global shipping glut. Overseas investors will also be barred from engaging
      Bloomberg  -  299 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Lufthansa Cargo among tops in a weak market
        793 26  -  Its load factor in Asia near 90% due to savvy capacity management By VEN SREENIVASAN CAREFUL capacity management and the strength of the German economy have enabled Lufthansa Cargo to remain one of the most profitable air-freight carriers in a weak global
        PHOTO: BLOOMBERG  -  793 words
      • Article
        Lock icon Delta’s cargo shipments rise for 5th month
        441 26 Freight operations make US$1 b in annual sales Bloomberg [ATLANTA] Delta Air Lines Inc, bucking an industry slump in cargo shipments, is packing more car parts, mail and salmon into the bellies of its passenger jets to beat its largest US competitors. Delta
        Bloomberg  -  441 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon Merc C-Class is top model now
        578 27  -  Jan-Sept sees 1,462 new units registered, against 1,242 units of ex-darling BMW 5 Reports by SAMUEL EE SINGAPORE has a new top model and it is a star. Or, more accurately, a threepointed star. The Mercedes-Benz C-Class compact saloon has overtaken another German luxury
        578 words
      • Article
        Lock icon Chevy taxis overtake Hyundai
        303 27 AS IN the passenger car market, the first nine months of 2012 have also witnessed a change in the taxi ranks Chevrolet has been flagged down as the top taxi brand from January to September. The brand with the gold bow tie swelled the fleets of
        303 words
      • Article
        Lock icon Toyota cuts output target amid China-Japan spat
        247 27 AFP [TOKYO] Toyota Motor is cutting its target of producing more than 10 million vehicles this year after suffering a sales drop in key market China amid strained Sino-Japanese ties, a report said yesterday. Japan’s biggest carmaker had aimed to top the 10-million
        AFP  -  247 words
      • Article
        Lock icon McLaren takes aim at top-end buyers with £700,000 P1
        422 27 Bloomberg [TOKYO] McLaren Automotive Ltd, maker of vehicles for the most winning Formula One team after Ferrari SpA, will target the market for supercars above US$1 million with its P1 set for delivery in the second half of 2013. “Customers want
        Bloomberg  -  422 words
      • Article, Illustration
        Lock icon London black taxi cab maker nears end of the road
        556 27 Reuters [LONDON] Manganese Bronze, maker of London’s black taxi, said it is set to appoint administrators after failing to secure funding needed to survive, putting hundreds of British jobs at risk. Manganese Bronze, whose taxis have been on British streets
        Reuters; PHOTO: AP  -  556 words
  • Page 25 Advertisements
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      111 25 ASIA–WESTAFRICATRADEAGREEMENT(AWATA) NoticeforGeneralRateIncrease(GRI) In order to ensure that the Members Lines are able to continue to provide the service necessary to meet the needs of their customers, the Members Lines of the Asia West Africa Trade Agreement (AWATA) have decided to implement the following general rate increase on the Far East
      111 words
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  • Page 26 Advertisements
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      36 26 AW yen neee /V kess. n o A V GREAT MUSIC RELATIONSHIPS FASHION FOOD HEALTH a WELLNESS PSYCHOLOGICAL INSIGHTS LOOKING GOOD MONEY MOVIE REVIEWS k MADDY, JASON ARNOLD IN THE MORNING 6:00 10:00AM kiss92.sg Dfacebook.com/kiss92fnn Q@kiss92fm
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  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      335 26 CRYPTIC CROSSWORD Across 8 The male artist presenting goddess (4) 9 Consume beef maybe (not starter though) (3) 10 Virtually noon? A long time before that (6) 11 Beware of sailors en masse in old Liverpool club! (6) 12 An editor being awkward should be limited (8) 13 New starship
      335 words
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  • Page 27 Advertisements
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      170 27 -r m a i* THE M3ZD3 3 NOW W/TH THE PREMIUM SERVICE PACKAGE WORTH $3,833*. Enjoy these for the first 3 years: Complimentary day use of a Mazda courtesy car during the 8 scheduled servicing sessions Two free pre-out-of-country inspections per year Free grooming, with battery, brake pads and wiper
      170 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Panic over, but eurozone turmoil continues
      513 28 EDITORIAL THE eurozone summit last week ended unhappily for Europe’s troubled sovereign debtors, but had the redeeming feature of providing a realistic timeline for the creation of the various elements of the much vaunted banking union, a major step towards European integration, but one
      513 words
    • Article, Illustration
      Lock icon Islands row: Taipei wooed by both Tokyo and Beijing
      775 28  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 WHILE the world’s attention has been focused on the rivalry between China and Japan over uninhabited islands in the East China Sea,
      775 words
    • Article, Illustration
      Lock icon Japan to be America ’s main creditor again?
      1008 28 US should consider borrowing more at home as debt shouldn’t be a nation’s biggest export WILLIAM PESEK The writer is a Bloomberg View columnist. The opinions expressed are his own Bloomberg THE United States may soon be changing bankers, shifting its business
      Bloomberg; PHOTO: AFP  -  1,008 words
    • Article, Illustration
      Lock icon Sanguine about global economy
      1378 29  -  Trinity Growth Theory points to continued growth despite the serious setbacks facing many developed economies By LIM CHONG YAH The writer is emeritus professor of economics at both the Nanyang Technological University and the National University of Singapore THE Trinity Growth Theory has three parts: the
      FILE PHOTO  -  1,378 words
    • Article, Illustration
      Lock icon Confessions of a polls addict
      863 29  -  By DAVID BROOKS NYT HELLO, my name is David, and I’m a pollaholic. For the past several months I have spent inordinate amounts of time poring over election polls. A couple of times a day, I check the websites to see what the polling averages
      NYT  -  863 words
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  • Article
    Lock icon The Business Times Shipping Times
    3500 30 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
    3,500 words
  • Page 30 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      205 31 TO ADVERTISE IN .THE Business Times MIL IMVILJ Shipping Times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 Highlight Your Company An niversa S r s Come publicise your Company
      205 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2918 32 Transaction date: Oct 23 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 146.5 -0.5 74 146.5 145.5
      2,918 words
    • Article
      Lock icon SGX CATALIST
      174 33 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 Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C’vr P/E Smil 12.1
      174 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8159 33 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 f M local Ccy Bond 0 9663/ European Opportunities
      8,159 words
    • Article
      Lock icon GLOBALQUOTE
      189 33 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 1245 32.5 32 32 32.5 2107 Sale 228 169 TanChongInt HK212 211 217 4.3 3.3 7.1 4269.5 STOCK PRICES
      189 words
    • Article
      Lock icon SGX ETF
      940 33 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 128.9 120.4 CIMB APAC Div 100S$D 128.4 126.6 127.5 104.6 95.8 CIMB APAC Div 100US$ US104.2 103.4 104.2 10.9 1323 1246 CIMBASEAN40 100S$D 1301 1306
      940 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      648 34 Oct 23 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9066.03 9075.58 8970.50 Dec12 9005.00 9090.00 8975.00 9010.00 ***** *****2 Mar13 8975.00 8975.00 8975.00 8995.00 24 1932 MSCI TAIWAN INDEX FUTURES SPOT 262.47 262.95 260.97 Oct12 262.20 262.20 260.10 260.10 ***** *****6 Nov12 261.60
      648 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 34 In local curr In S$ In US$ dy yr dy yr dy yr Oct 22 Index Change Change Change Change Change Change World Preliminary 921.8 -0.2 11.1 -0.1 5.1 -0.2 11.6 EAFE Preliminary 740.9 -0.3 8.6 -0.2 3.1 -0.3 9.5 Europe Preliminary 1122.9 -0.3 9.4
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      94 34 As on 22 October 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1730.20 1722.80 1726.50 INDIA GOLD (E-GOLD) FUT DEC2012 577.80 575.80 580.35 CURRENCY EUR-USD FUT DEC2012 1.3073 1.3032 1.3059 BASE METAL COPPER FUT DEC2012 8046 7983 7987 INDEX IRON ORE (MBIO) IDX
      94 words
    • Article
      Lock icon CHICAGO BOT
      107 34 Oct 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1546.50 1534.25 1558.50 1526.50 Jan 13 1549.25 1536.50 1561.25 1529.00 Mar 13 1517.75 1509.25 1530.25 1503.50 May 13 1474.00 1463.75 1479.00 1459.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 51.66
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 34 CRUDE OIL PRODUCTS Oct 22 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.8 -1.99 WTI (Near Mth) 88.5 -1.5 Dubai (1-Mth F) 107.92 -1.74 Tapis blend 115.55 -1.88 Minas 110.2 -1.88 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104 -2.28 Jet Kerosene 129.11 -2.12 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 34 Oct 23 S$ Bid Offer 1-month 1.2224 1.2225 2-months 1.2224 1.2225 3-months 1.2224 1.2225 6-months 1.2220 1.2222 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      64 34 Oct 22 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1933.75 1946.25 3 months 1960.00 1970.00 Copper, Grade A(US$/tonne) Cash 7947.50 8010.00 3 months 7953.00 8015.00 Lead(US$/tonne) Cash 2059.00 2108.00 3 months 2067.00 2115.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon LIFFE
      80 34 Oct 22 COCOA (£/tonne) Close Prev High/Low Dec 12 1628 1614 1630/1593 Mar 13 1619 1606 1622/1586 May 13 1624 1612 1627/1592 Jul 13 1631 1619 1633/1598 COFFEE(US$/tonne) Close Prev High/Low Nov 12 2058 2063 2073/2046 Jan 13 2079 2081 2091/2067 Mar 13 2095 2099 2108/2085 May 13 2108
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      853 34 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 0.2 -0.1 179 1 32 -1 162.50 1 Price Best World Intl Ltd W*****5 0.3 1
      853 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 34 Oct 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.024 6.432 0.790 7.978 55.191 98.977 0.821 11.356 3.144 1.262 98.292 42.545 1.258 8.961 0.956 30.135 31.654 0.643 1.029 Canada 0.976 6.279
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    • Article
      Lock icon SIBOR
      60 34 Oct 23 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
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    • Article
      Lock icon PRECIOUS METALS
      134 34 Oct 23 GOLD(US$/oz) Oct 19 Oct 22 Hong Kong 1745.50 1733.00 Oct 22 Oct 19 London 1725.20 1734.07 1726.20 1734.99 Source: Thomson Reuters CAST BAR Oct 23 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 152 68 5gm 431 338 10gm 770 676
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    • Article
      Lock icon GOVERNMENT SECURITIES
      83 34 Oct 23 Oct 23 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 24-Jan-13 0.22 0.17 6-Month BS*****N 18-Apr-13 0.26 1-Year BY*****T 02-May-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.15 5-Year N*****0Z
      83 words
    • Article
      Lock icon PALM OIL
      57 34 Oct 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 12 2434.0 2469.0 2445.0 2418.0 81 4563 Dec 12 2525.0 2528.0 2525.0 2483.0 5994 ***** Jan 13 2556.0 2577.0 2560.0 2520.0 ***** ***** Feb 13 2579.0 2597.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 34 Oct 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2581 1.2587 1.0292 1.0296 Canadian dollar 1.2280 1.2289 1.0052 1.0046 Euro 1.5925 1.5928 1.3028 1.3029 NZ dollar 0.9969 0.9979 0.8155 0.8163 Sterling pound 1.9561 1.9565 1.6002 1.6004
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 34 As at 9am Oct 23 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.291 1.23 Can dollar 1.26 1.2 Euro 1.633 1.556 Sterling pound 1.993 1.917 NZ dollar 1.032 0.974 US dollar 1.245 1.186 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 34 Oct 23 $S Offer Bid 0vernight 0.05 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.48 0.28 6 months 0.70 0.50 9 months 0.85 0.65 12
      154 words
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  • executive Money
    • Article, Illustration
      Lock icon Mining info from Web for financial sector
      1154 35  -  Wavecatch combines sentiment on Net with market data to help investors, reports TEH HOOI LING reportsTEH reportsTEH HOOI LING THERE are one billion people online every day expressing their views on one issue or another. There has to be information out there which
      PHOTOS:BLOOMBERG, WAVECATCH  -  1,154 words
    • Article, Illustration
      Lock icon Ex-Credit Suisse trader says Asia hedge fund returns 60%
      763 36 Bets on Reits, bonds and currencies pay off for Singaporean Charlie Chan’s Splendid Asia Reuters [SINGAPORE] Charlie Chan’s Splendid Asia macro hedge fund is living up to its name, with the former Credit Suisse trader putting his returns at 60 per
      Reuters; PHOTO: REUTERS  -  763 words
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      Lock icon China lets insurers trade derivatives, widens investment scope
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