The Business Times, 31 October 2012

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Microfilm: NL32265
Total Pages: 33
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, October 31, 2012
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  • Article, Illustration
    Lock icon SIA-VA tag team takes the attack to Qantas
    977 1  -  Series of transactions in Australia poses a challenge to Qantas’ dominance By VEN SREENIVASAN [SINGAPORE] Australia’s skies will never be the same again. In a series of stunning moves which could expand Singapore Airlines’ (SIA) footprint in Australia and put pressure on
    PHOTO: BLOOMBERG  -  977 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,038.73 (+9.12) GST INDEX FUTURES 3,039.00 (+9.00) GSIMSCI 343.92 (+0.18) HSIMSCI FUTURES 342.90 (-0.70) US$ S$ US$ (S$ per US$) 1.221 (US$/S$ per 1.605 1.959 EURO (US$/S$/€) 1.294 1.580 Foreign currency per US$ S$ YEN 79.50 65.10 RM 3.053 2.501 HK$ 7.750 6.348 BAHT 30.71 25.15 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Tuesday Change KL COMP 1,674.67 +2.11 NIKKEI 225 8,841.98 -87.36 HANG SENG 21,428.58 -82.47 SET INDEX 1,294.43 +14.86 JAKARTA COMP 4,364.60 +33.23 MANILA COMP 5,426.67 +29.25 SEOUL COMP 1,899.58 +8.06 SHENZHEN B 592.97 +3.69 MUMBAI IND 18,430.85 -204.97 12 noon EDT Change DOW Closed NASDAQ Closed
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    • Article
      Lock icon PRIME RATES
      18 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.096 TAIWAN 5.036 JAPAN 1.475 Source: Source: Bloomberg
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  • Article
    Lock icon Domestic strength poses labour conundrum
    875 1  -  Economic sectors shoring up growth face manpower constraints By TEH SHI NING [SINGAPORE] The resilience of Singapore’s domestic sectors has helped it avoid the usual sharp plunge in this latest, muted downturn, and is set to anchor growth in 2013 too. But the strength of
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      108 1 TRANSPORT HUB Toyota to let loose two more sports cars after the 86 PAGE 23 EXEC MONEY Manulife offers second savings fund PAGE 31 SHAPING GLOBAL BUSINESS Getting a grip on China PAGE 9 COMPANIES CapitaLand Q3 profit leaps 85% PAGE 5 8 *****1 *****4 Deutsche Bank db.com Global strength
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  • TOP STORIES
    • Article, Illustration
      Lock icon Hurricane Sandy exacts a heavy economic toll
      817 2  -  Storm is seen as one of five most costly on record; markets closed for 2nd day By ROB CURRAN ONE of the worst storms ever to hit New York City, Hurricane Sandy flooded the financial district on Monday night and kept markets closed
      PHOTO: AFP  -  817 words
    • Article
      Lock icon Winds of storm could blow election
      662 2  -  By LEON HADAR in Washington IT has become a ritual of presidential elections. A few weeks before Election Day, pundits start speculating about an October Surprise a terrorist attack; an international crisis; an expose of a political or sex scandal; a resignation of a
      662 words
    • Article, Illustration
      Lock icon Singapore Airlines’ Australian gambit
      620 2  -  A$105m VA deal will reshape the market there COMMENTARY VEN SREENIVASAN Senior Correspondent IN one master stroke, Singapore Airlines (SIA) appears to be defending its flanks, boosting its base and taking on a key rival on its own home turf. While the timelines of the series
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    • Article
      Lock icon THREE-MINUTE DIGEST
      417 2 SIA-VA tag team takes the attack to Qantas AUSTRALIA’S skies will never be the same again. In a series of stunning moves which could expand Singapore Airline’s footprint in Australia and put pressure on Qantas, the Singapore carrier is buying 10 per cent of Brisbane-based Virgin Australia. In
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    • Article
      Lock icon UBS says it’s under investigation by MAS, along with other banks
      718 2  -  By SIOW LI SEN [SINGAPORE] The Monetary Authority of Singapore is investigating UBS AG along with other banks over possible manipulation of the London interbank offerred rate and other benchmark rates, the Swiss bank said yesterday in its third-quarter
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    • Article
      Lock icon Inflation next year likely to stay at 3.5-4.5%: MAS
      811 3  -  Price pressure from housing, cars, food services; oil-linked inflation set to ease By CAI HAOXIANG [SINGAPORE] Price pressures next year will come from housing, cars, food and services, the Monetary Authority of Singapore (MAS) said yesterday, with overall inflation expectations unchanged
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    • Article
      Lock icon BOJ expands asset purchases by 11t yen amid recession signals
      748 3  -  By ANTHONY ROWLEY in Tokyo BOWING to fast-rising political pressure and in the face of fresh evidence that the Japanese economy is sliding towards recession, the Bank of Japan yesterday again stepped up its financial asset purchase programme, marking the
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      442 3 Open a Time Deposit and enjoy up to 1.6% Pa and free flights. Tif 1 m k im as U E»X>' .V •>. B S! Introducing the new Maybank Affluent Banking Centre at Marine Parade To celebrate the opening of our new Affluent Banking Centre in the East, we’re offering
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      80 4 The Business Times is now on iPhone! Download the app for free from iTunes. Enjoy free breaking news and subscribe* for the full daily Business Times. ‘Get free access to premium content for up to 1 month when you subscribe on iTunes now. For a limited period only. •ml 4q
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      123 5 360 HP. POWER OF A V8. FUEL EFFICIENCY OF A 1.5L a M35H > J Vi* 5 ■ag. The Infiniti M Hybrid. With savings of up to $50,000 in overtrade and Green Vehicle Rebate. Sprinting from 0 to 100km/h in 5.5 secs, the Infiniti M Hybrid is the world’s fastest
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon CapitaLand Q3 net profit leaps 85% to $148.5m
      508 5  -  Boost from stronger operating income and divestment gains By MINDY TAN CAPITALAND Ltd saw net profit for the three months ended September jump 85.1 per cent to $148.5 million from a year ago. This came largely from divestment gains from the sale
      BT FILE PHOTO  -  508 words
    • Article
      Lock icon Wing Tai Q1 profit soars 187% to $72.1m
      335 5  -  By ONG CHOR HAO AIDED by a strong performance from its property arm, net profit at Wing Tai Holdings surged 187 per cent to $72.1 million in the fiscal first quarter, compared with $25.1 million a year ago. For the three months
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    • Article, Illustration
      Lock icon CDLHT takes a hit as Q3 disappoints market
      610 5 Slight fall in revenue per available room for its S’pore hotels CDL Hospitality Trusts (CDLHT) units took a hard knock yesterday after the group posted weak-er-than-expected results for the third quarter. The counter dived to an intraday low of $1.935 before closing
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    • Article, Illustration
      Lock icon Tiger Airways’ Q2 loss narrows to $18.3m
      761 7  -  Singapore unit turns in $5m operating profit while Aussie unit trims deficit By VEN SREENIVASAN TIGER Airways unveiled an improved set of quarterly financial numbers, though its Australian operation remained in the red during the July-September period. Overall group loss in fiscal Q2
      PHOTO: AFP  -  761 words
    • Article
      Lock icon SIA Engineering Q2 profit slips 5.8% to $67m
      333 8  -  Company says performance impacted by $3.5m exchange loss By JOYCE HOOI SIA Engineering Group recorded a 5.8 per cent fall in net profit to $67.1 million for the second quarter ended Sept 30, 2012. Revenue for the quarter rose 4.4 per cent
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    • Article, Illustration
      Lock icon SingPost Q2 profit up 7.3% to $32.9m
      497 8  -  Revenue rises 9.1% on growth in business segments By MALMINDERJIT SINGH SINGAPORE Post recorded a 7.3 per cent rise in earnings for its second quarter ended Sept 30, 2012. The provider of mail, logistics and retail solutions in Singapore and the Asia Pacific
      ST FILE PHOTO  -  497 words
    • Article
      Lock icon Creative posts Q1 loss of US$4.5m
      350 8  -  By LYNN KAN CREATIVE Technology continued three consecutive years of losses with another daub of red in its FY2013 first quarter ended Sept 30, 2012. Its losses in the first quarter came up to US$4.5 million, narrowing the US$29.6 million loss made in the
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    • Article
      Lock icon Fortune Reit’s Q3 DPU rises 22%; NPI, revenue up 23%
      450 8  -  By LEE MEIXIAN MAINBOARD-listed Fortune Real Estate Investment Trust (Fortune Reit) recorded a distribution per unit (DPU) of 8.16 Hong Kong cents for the third quarter ended Sept 30, 2012, up 22 per cent from 6.68 Hong Kong cents a
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    • COMPANY BRIEFS
      • Article
        Lock icon OUE raises $200m from note issue
        72 8 OVERSEAS Union Enterprise yesterday sold $200 million of 4.25 per cent unsecured callable notes due 2019, as the final tranche of a $1 billion multi-currency medium-term note programme. Proceeds will be used for general corporate purposes, including investments and capital expenditure, refinancing existing loans
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      • Article
        Lock icon MTQ Corp to buy rest of Neptune Marine
        74 8 MTQ Corporation intends to purchase all the shares it does not already own in Neptune Marine Services through its subsidiary, Blossomvale Investments, and may pay A$47 million (S$59.3 million) for 1.47 billion Neptune shares in all. It is offering 3.2 Australian cents
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      • Article
        Lock icon Sing Holdings posts 60% jump in Q3 profit
        75 8 SING Holdings’ net profit for the fiscal third quarter ended Sept 30, 2012, rose 60 per cent year-on-year to $10.7 million from $6.67 million. Turnover rose 62 per cent to $73.57 million from $45.5 million a year ago, largely due to the
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Penny stock churning continues
      563 6  -  Closure of Wall Street among factors responsible for soft sentiment; STI manages a 9.12-point rise to 3,038.73 STOCKS R SIVANITHY Senior Correspondent TRADERS yesterday continued to churn the second and third line wholly understandable, given the caution and poor volume in blue chips not just here
      Source: Bloomberg  -  563 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 5 0 0 0 4 7 5 Manufacturing 34 58 36 6 5 8 40 63 44 Commerce 15 19 27 1 4 3 16 23 30 Tpt/Stor/Comms 13 13 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,255 15,255 108,016 108,016 Manufacturing 282,150 290,416 572,566 220,945 1,356 222,301 Commerce 101,373 1,295 102,668 78,214 173 78,387 Tpt/Stor/Comms 90,145 21,041 111,186 141,297 6,645 147,942 Finance 18,878 293 19,171 105,557 127 105,683 Construction 33,004 442,474
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      109 6 Stock name Close Change CapMallsAsia 1.790 -0.010 CapitaLand 3.270 CapitaMall 2.100 -0.100 CityDev 11.480 +0.060 ComfortDelGro 1.645 +0.035 DBS Grp 13.990 +0.090 F&N 9.160 +0.100 GLP 2.550 +0.010 Genting SP 1.320 Golden Agri 0.635 HK Land 6.300 IHH Healthcare 1.270 -0.010 JMH 62.400 +1.360 JSH 36.300
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 6 Oct 30 VALUE CLOSE BT OB/OS -484.00-108.00 BT CADI -*****.00 -85.00 BT 10-day MA -*****.00 -48.00 FTSE ST Mid Cap 739.73 -6.93 FTSE ST Small Cap 488.53 -2.06 FTSE ST All Share 743.45 +0.38 FTSE ST China Top 196.93 -0.84 FTSE ST China 218.63 -0.64 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      54 6 VOLUME YHM 442,344,000 ICP 166,941,000 Elektromotive 113,132,000 Contel 73,753,000 Thai Beverage 54,673,000 Golden Agri 53,351,000 Geo Energy 31,884,000 Gaylin 31,655,000 SingTel 22,333,000 Sky One 20,515,000 VALUE($) Keppel Corp 92,516,102 SingTel 71,846,630 F&N 65,260,168 OCBC Bk 36,084,925 Golden Agri 33,967,542 CapitaLand 32,881,040 SembMar 32,171,520 DBS Grp 30,851,180 CapitaMall
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      797 6  -  Compiled by LYNN KAN Singapore property AMFRASER RESEARCH, Oct 30 THE industrial price index surged, again. In the quarter, industrial property price index grew the most, up 8.8 per cent q-o-q compared with those of residential and commercial properties, which were below 2 per cent q-o-q. The price
      Source: Bloomberg  -  797 words
    • Article, Illustration
      Lock icon Japanese stimulus boosts Asian units
      472 6 CURRENCIES Bloomberg [SEOUL] Asian currencies strengthened, led by South Korea’s won, after the Bank of Japan (BOJ) announced additional stimulus and US consumer spending topped estimates. The BOJ increased its asset-purchase programme yesterday by 11 trillion yen (S$ 169 billion) to 66 trillion yen, hours
      Bloomberg; PHOTO: BLOOMBERG  -  472 words
    • Article
      Lock icon RISES
      111 6 BY CENTS CLOSE UP JMH 6240 166.0 2.2 Lyxor Indonesia10US$ 9539 139.2 1.2 DBXT MSKorea 10US$ 5678 103.8 1.5 JSH 3630 85.5 2.0 DBXT AUD Bonds 5AU$ ***** 58.2 0.2 DBXT MSINDO 10us$ 1544 22.0 1.2 DBXT MSTHAI 10US$ 1896 11.0 0.5 F&N 916 10.0 1.1 DBS Grp 1399
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    • Article
      Lock icon FALLS
      128 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -294.2 -2.2 Jardine C&C 4910 -54.0 -1.1 DBXT FTVietnam 10US$ 1981 -52.5 -2.1 DBXT FTChina25 10US$ 2783 -30.5 -0.9 DBXT CSI300 10US$ 719 -25.6 -2.8 Great Eastern 1601 -25.0 -1.5 DBXT E50 10US$ 3762 -24.4 -0.5 DBXT S&P Short 10US$ 3572
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      178 7 mBeF HOROLOGICAL LAB LEGACY MACHINE N I UNIQUE FLYING BALANCE WHEEL AND VERTICAL POWER RESERVE COMPLETELY INDEPENDENT DUAL TIME ZONES 18K WHITE ORREDGOLD 279 COMPONENTS 23 JEWELS WWW.MBANDF.COM V >>> m ~i K V y THE HOURGLASS SINGAPORE PARAGON MORE PASSION ION ORCHARD LATELIER KNIGHTSBRIDGE MALMAISON KUALA LUMPUR PAVILION SHOPPING
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      131 8 A BANK Imagine a bank where your interests really do come first. Imagine a bank without risky sovereign debt or toxic assets on its balance sheet. Imagine a bank whose owners have personal liability for its actions. Imagine a bank that’s been looking forward for seven generations. Imagine a bank
      131 words
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      Lock icon Page 8 Advertisements Column 2
      32 8 i/v/V JACKPOT Estimated Draw on Thu, 1 Nov 2012 at 6.30pm For details, visit www.singaporepools.com.sg SINGAPORE Ip Yri) Always play with care, jresponsibiyj Do not bet illegally. RGB Reg No: *****0202G FJ
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  • SHAPING GLOBAL BUSINESS
    • Article, Illustration
      Lock icon Getting a grip on China
      1451 9  -  Fears of a slowdown in the country are overblown, says OSIM’s Ron Sim. By CAI HAOXIANG By CAI HAOXIANG THE slowing down of China’s economy, the world’s second largest after the United States, might worry investors and policymakers alike. A generational leadership transition, a potential
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    • Article
      Lock icon China is gaining currency with global businesses
      502 9  -  Rise of the yuan will have a big impact on global businesses in the world’s second largest economy By KELVIN TAN The writer is managing director and head of commercial banking, HSBC Singapore DESPITE concerns over China’s slowdown, the economy is expected to
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      131 9 In the future, there will be no markets waiting to emerge By 2050, it is forecast that 19 of the 30 largest economies by GDP will be countries we now call 'emerging'*. But how will this new world order stack up for your business? At HSBC we understand emerging markets
      131 words
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  • SINGAPORE NEWS
    • Article
      Lock icon S’pore consumer sentiment beats global average
      428 10  -  Index up four points in Q3 to 98 points, compared to world average of 92 points By ONG CHOR HAO CONSUMER confidence in Singapore reached its highest mark in more than a year in the third quarter, but remained subdued, a survey by Nielsen
      428 words
    • Article, Illustration
      Lock icon Productivity, innovation institute launched
      434 10  -  By ZEINAB YUSUF SAIWALLA AN institute given the job of spurring innovation and ramping up productivity in the manufacturing sector was launched yesterday. Named the Singapore Innovation and Productivity Institute (SiPi), it will also provide consultancy services to small and mediumsized businesses; it will diagnose reasons
      434 words
    • Article, Illustration
      Lock icon Four honoured with President’s science and technology awards
      453 10  -  Winners are from A*Star institutes, NTU and NUH By AMIT ROY CHOUDHURY FOUR research scientists and engineers have been given the country’s highest awards for their achievements in science and technology and their contributions to research and development (R&D) here. In a
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    • Article
      Lock icon New ACE portal offers advice to start-ups
      235 10  -  By ZEINAB YUSUF SAIWALLA THE Action Community for Entrepreneurship (ACE), a public-private sector collaboration which aims to create a more entrepreneurial Singapore, yesterday launched an online platform, ASK ACE, for start-ups to seek advice from experts and seasoned entrepreneurs. The online platform is
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    • Article
      Lock icon National Australia Bank eyes deeper roots in Asia
      410 10  -  By GENEVIEVE CUA NATIONAL Australia Bank aims to set deeper roots into Asia with a focus on services to facilitate trade and wealth management. Spiro Pappas, newly appointed chief executive (Asia), said Singapore and Hong Kong will serve as “dual hubs’’ for
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    • Article
      Lock icon BCG opens business excellence centre
      416 10  -  By LEE U-WEN THE Boston Consulting Group (BCG) officially opened its Centre for Business Excellence in Singapore yesterday. The first of its kind in the world for the global management consulting firm, the centre will focus on the three main pillars of knowledge, strategy and
      416 words
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      124 10 Sim Kee Boon Institute for Financial Economics 1AL ECONOMIC OUTLOOK: PREVENTING THE NEXT CRISIS BY NOBEL LAUREATE PROFESSOR PAUL KRUGMAN It's widely argued that weak financial regulation set us up for this crisis. Is that true? To the extent that it's true how did the lack of regulation cause the
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Petronas strikes oil for first time off Pahang coast
      487 11  -  Output projected at up to 20,000 bpd; reserves estimated at 64m barrels By S JAYASANKARAN in Kuala Lumpur FOR the first time since Malaysia incorporated its national oil company Petroliam Nasional (Petronas) in 1975, the country has discovered oil in significant
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    • Article
      Lock icon Indonesia’s Sept exports stay weak, Oct inflation rises: polls
      368 11 Reuters [JAKARTA] Indonesia’s trade picture improved in September but exports stayed lower than a year earlier, according to a Reuters poll that signals the central bank is likely to keep interest rates at a record low to spur South-east Asia’s largest
      Reuters  -  368 words
    • Article
      Lock icon MAS Catering’s losses expected to be wiped out by year-end
      318 11 [KUALA LUMPUR] Brahim’s Holdings Bhd hopes to wipe out the RM170 million (S$68 million) accumulated losses incurred by MAS Catering Sdn Bhd when it took over the business in 2003 by the end of this year, its chief said. “We
      318 words
    • Article
      Lock icon Proton, Honda in collaboration deal
      382 11 AFP [KUALA LUMPUR] Malaysian carmaker Proton and Japan’s Honda have agreed to explore a cooperative partnership, the companies have said, in troubled Proton’s latest attempt at revival through a foreign tie-up. In a statement to the Malaysian stock exchange on Monday, Proton’s parent DRB-Hicom said
      AFP  -  382 words
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      26 11 IT’S TIME TO SHINE. Happy Diwali. Coutts is proud to present Mohit Chauhan ive at the Shangri-la, Singapore, on Friday 2nd November By invitation only. coutts.com
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  • CHINA/INDIA
    • Article
      Lock icon China tries to boost activity in bond mkt
      506 12 Beijing eyes new rating regulations for inter-bank bonds, say sources Reuters [BEIJING] China is readying new regulations governing credit ratings of bonds traded in the inter-bank market in a bid to boost activity in the fledgling sector, two sources close to the
      Reuters  -  506 words
    • Article, Illustration
      Lock icon RBI cuts cash reserve ratio to back govt’s growth push
      656 12 But it leaves interest rates unchanged to fight price pressures Bloomberg [MUMBAI] India’s central bank cut lenders’ reserve requirements to back a policy revamp by the government aimed at reviving growth, while leaving interest rates unchanged to fight price pressures.
      Bloomberg; PHOTO: BLOOMBERG  -  656 words
    • Article
      Lock icon BYD warns of up to 98% fall in profit
      272 12 Bloomberg [SHANGHAI] BYD Co, the Chinese automaker owned by Warren Buffett’s Berkshire Hathaway Inc, said profit may fall as much as 98 per cent this year as a slowing economy damps demand for its cars, batteries and solar-energy cells. Net income
      Bloomberg  -  272 words
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      406 12 ESPLANADE PRESENTS "H -H j h N -H 1 i A v WITH SPECIAL GUEST KRIS PHILLIPS(*») “Masterfully spellbinding... the First Lady of British musical theatre, our next best thing to Royalty” www.yorkpress.co.uk Don’t miss your chance to catch Elaine and Kris in a mesmerising evening of musical theatre with
      406 words
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  • ECONOMY WATCH
    • Article
      Lock icon US out of 10 most prosperous nations’ list
      731 13 Norway, Denmark, Sweden ranked best for wealth and well-being in Legatum survey; Singapore third in economy sub-index Bloomberg [NEW YORK] The United States slid from the world’s top 10 prosperous nations’ list for the first time in a league table which ranked
      Bloomberg  -  731 words
    • Article, Illustration
      Lock icon US Fed policy fuels corporate debt rally
      456 13 Bloomberg [NEW YORK] Federal Reserve chairman Ben Bernanke (right) is fuelling a record-long winning streak in corporate debt as the money that he pumps into the economy spurs investors to seek riskier assets to generate returns. Bonds sold by companies around the world,
      Bloomberg  -  456 words
    • Article, Illustration
      Lock icon UK banks begin to turn over new leaf: BOE
      524 13 Libor scandal a turning point in financial reform, says central bank official Reuters [LONDON] Britain’s banks are on the way to delivering a more “socially useful” banking system after becoming a focus for public anger in the financial crisis, the Bank
      Reuters; PHOTO: AFP  -  524 words
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      502 13 WDA-S PRODUCTIVI ©SINGAPORE WORKFORCE SKILLS QUALIFICATIONS INNOVATION Meet the winners who are leading Singa the new frontiers of productivity Organised by the Singapore Workforce Development Agency (WDA) and the Singapore Manufacturing Federation (SMF), the Awards salute the front runners and champions of Singapore’s national productivity drive and recognise companies that
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  • WORLD
    • Article, Illustration
      Lock icon Apple’s software, retail chiefs out in shake-up
      721 14 Executive changes are the biggest at the firm in more than a decade Reuters [SAN FRANCISCO] Apple Inc CEO Tim Cook has pushed out the powerful head of the company’s mobile software products group, sources said, in a major management shake-up that also
      Reuters  -  721 words
    • Article
      Lock icon Nomura falls behind with 0.5% ROE
      577 14 Bloomberg [TOKYO] Nomura Holdings Inc trailed the world’s biggest investment banks last quarter in generating shareholder returns, underscoring the challenge for chief executive officer Koji Nagai in trimming costs without sacrificing revenue. Return on equity (ROE), a measure of how well the firm reinvests
      Bloomberg  -  577 words
    • Article, Illustration
      Lock icon EU compromise budget plan draws fire from govts
      617 15 Deepest cuts for infrastructure spending in poorest members proposed Reuters [BRUSSELS] A compromise proposal on the European Union’s long-term budget, cutting more than 50 billion euros (S$79.3 billion) from the original blueprint, ran into a crossfire of criticism yesterday from governments on
      Reuters; PHOTO: AFP  -  617 words
    • Article
      Lock icon Danske Bank to sell 7b kroner in shares
      388 15 Denmark’s largest lender also plans to cut 3,000 jobs Bloomberg [HAMBURG] Danske Bank A/S unveiled plans to cut 3,000 jobs and sell seven billion kroner (S$1.48 billion) in shares as Denmark’s largest lender looks for ways to increase its capital buffers. The
      Bloomberg  -  388 words
    • Article
      Lock icon UK retail sales jump boosts recovery chances
      202 15 Reuters [LONDON] British retail sales picked up much more than forecast in October, a survey showed yesterday, further increasing the chances that Britain’s economic recovery will continue. At the same time, the unexpectedly upbeat survey among retailers added to views that the Bank
      Reuters  -  202 words
    • Article, Illustration
      Lock icon StanChart on track for 10th year of record profit
      656 16 It reports earnings growth in first nine months as HK, China, Indonesia, Europe deliver strong numbers Reuters [HONG KONG] Asia-focused bank Standard Chartered plc said its operating profit grew by a mid-single digit rate in the first nine months of the
      Reuters; PHOTO: REUTERS  -  656 words
    • Article
      Lock icon Japan factory output down 4% in Sept
      436 16 AFP [TOKYO] Japan’s factory output fell 4.1 per cent last month, according to data released on Monday. The September month-on-month decline in industrial production was significantly worse than the 3.1 per cent fall expected by the market, with a slump in production of
      AFP  -  436 words
    • Article, Illustration
      Lock icon RBA lists QE’s gains
      689 16 Aussie interest rate cuts are helping to lift demand in the economy, it says Bloomberg [SYDNEY] Australia’s interest rate cuts are showing signs of boosting demand as looser monetary policy abroad helps keep the nation’s currency elevated, Reserve Bank of Australia (RBA) deputy governor Philip Lowe
      Bloomberg; PHOTO: BLOOMBERG  -  689 words
    • Article, Illustration
      Lock icon BP raises dividend 2nd time since spill
      777 17 Group also forecasts a more upstreamfocused and oil-centric future beyond 2014 Reuters [LONDON] British oil company BP plc raised its dividend yesterday and signalled a more upstreamfocused future beyond 2014 along with stronger-than-expected quarterly profits. Chief executive Bob Dudley also outlined the British
      Reuters; PHOTO: REUTERS  -  777 words
    • Article
      Lock icon French PM backpedals over latest gaffe
      520 17 AFP [PARIS] French Prime Minister Jean-Marc Ayrault stirred up a hornet’s nest yesterday when he called for the scrapping of the 35-hour week, a landmark economic experiment adopted by a previous socialist government, before hastily backtracking. The gaffe-prone premier startled the French by saying
      AFP  -  520 words
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      Lock icon Early votes reshape both campaigns
      782 17 Republicans push to dampen early Democratic edge US ELECTIONS 2012 NYT [NEW YORK] With more than one in three votes likely to be cast before Election Day this year, Republicans are stepping up their efforts to chip away at what has been a Democratic advantage
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      Lock icon German wages up the most in 4 years
      535 20 3.2% jump outruns inflation rate of 2%; higher consumer spending expected Reuters [BERLIN] German wages had their sharpest rise in almost four years in July in stark contrast to the pay cuts and job losses seen in most of the eurozone. The
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      Lock icon Barclays to stand trial for Libor case
      673 20 Bank is being sued for up to £37m for interest rate fraud but says case has no legal merit Reuters [LONDON] Barclays became the first bank to be ordered to stand trial in a British court over damages stemming from manipulation of the
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      1720 14 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Let’s Restore The Environment! (Incorporated in the Republic of Singapore) Company Reg. No. *****2709E NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting (the “EGM”) of the Company will be held at 3 Tuas Avenue 2, Singapore
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      613 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GE CAPITAL (SINGAPORE) HOLDINGS PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****2736E NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 72, Anson House Level 5, Anson Road, Singapore *****1
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      481 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF STOKVIS TAPES SINGAPORE PTE. LTD. (COMPANY REGISTRATION NO.: *****2690W) (IN MEMBERS’VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of Members
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      715 14 DBS BANK LTD. (Incorporated in the Republic of Singapore) Company Registration No. *****0306E NOTICE OF CLOSURE OF BOOKS FOR S$800,000,000 4.7% NON-CUMULATIVE PREFERENCE SHARES (“PREFERENCE SHARES”) Notice is hereby given that the Share Transfer Books and Register of Preference Shareholders will be closed on Monday, 12 November 2012. Duly completed
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      171 15 NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School Wharton University of Pennsylvania Aresty Institute of Executive Education I r THE NANYANG-WHARTON SENIOR LEADERS PROGRAM A COLLABORATION BETWEEN NANYANG BUSINESS SCHOOL AND THE WHARTON SCHOOL EIN VENTING THE FIR i Nanyang Business School (NBS) and the Aresty Institute of Education at Wharton have
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      159 15 ■■8 S rnR Bungalow Upperjfhpmson Gracefully Storeys, tranquil living space t*tSplendid: FH 6,346 sq ft Land Valuation: $7.3M JERRY LUM Snr Marketing Director, MBA, CBS CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg Pool E K A Estate Agent Licence No L*****82K When You Buy. Sell, or
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      163 16 1 Zk <r fils '3 "'k m¥ mi' y'&' H *.S *'S&pSSaE8 '1 iiiili st mm** w Hit tm m cm FOOD THEATRE m t r..=. F i Bh ill 3*1 a-' "ii -IVA I .IV .,.i rr: Oil- ti?*S &d W 3 ■jr p.. OM Wine, Dine Hospitality High
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      154 17 When something’s just right, you know it. Like classic design, fine European coffee and pastries will always be just right. A light, flaky croissant, creamy steamed milk, the aroma of fresh espresso. At Tuxedo we pay tribute to this art by making the things you love, fresh daily, from scratch,
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      575 18 / 19 My dog needs grooming. Selling my hair dryer. Going bald. I've accepted my fate of having two left feet. Selling my dance shoes. Buying a game console because my wife spends the whole day playing mahjong. I need to let go of my past. Selling my engagement ring. I had
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      1667 20 ARMARDA GROUP LIMITED (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of ARMARDA GROUP LIMITED (the “Company”) will be held on 16 November 2012 at 3.00 p.m. at 50 Raffles Place, #06-00, Singapore Land Tower, Singapore *****3,
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      118 20 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Industrial Government Land Sales: Land Parcels off Woodlands Avenue 10 and Tuas South Street 8 </>•* Site Information Off Woodlands Avenue 10 Land Area Tenure GPR Zoning 10,705 sqm 30 years 2.5 B2 50ur srBf ET Tuas South Street 8 (Plots 8 and 18)
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  • Transport HUB
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      Lock icon Sulphur issue is shipping’s big concern
      881 21  -  How best to comply with new emission rules poses challenge for vessel operators STRAIT TALK By DAVID HUGHES MANY topics were debated at the recent 17th Singapore International Bunkering Conference and Exhibition (Sibcon) but the issue of the impending 0.10 per cent sulphur limit
      881 words
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      Lock icon More pain ahead for ship owners, costs set to rise
      245 21 Reuters [LONDON] Ship owners face another year of rising costs as they struggle with a four-year slump and global economic turmoil, a survey showed on Monday. The crisis, one of the worst ever faced by the sector, has already sunk
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      Lock icon TRANSPORT STOCKS
      253 21 SGX '000 Oct 30 S$ +/-Vol CH Offshore 0.52 unch 665 Chuan Hup Hldg 0.28 unch 461 Cosco Corp 0.89 0.01 3542 S$ Ezra Hldgs 1.10 -0.04 ***** First Ship Lea 0.13 0.01 298 Freight Links 0.07 unch 358 Grand Banks unch unch 0 Jaya Hold Ltd 0.56
      253 words
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      38 21 '.O i er.5 imm A product of SPH. Singapore’s trusted media group. If there’s really an opening, you’ll probably find it on stjobs.sg The STJobs App for iPhone and iPad is free for download at the App Store.
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  • TRANSPORT HUB: AVIATION
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      Lock icon Flight delays from US storm felt worldwide
      705 22 13,500 flights grounded; travellers from Europe, Asia affected AP [NEW YORK] Hurricane Sandy grounded well over 10,000 flights across the US north-east and the globe, and it could be days before some passengers can get where they’re going. According to the flight-tracking service
      AP; PHOTO: AFP  -  705 words
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      Lock icon China jet market expected to rebound
      492 22 Bloomberg [ORLANDO] China’s private-jet market will rebound next year after a leadership transition in the ruling Communist Party while business aviation falls behind in India, the chief of General Dynamics Corp’s Gulfstream unit said. China is building about 10 airports a year and easing
      Bloomberg  -  492 words
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      Lock icon BA to review fleet make-up at Gatwick
      666 22 Carrier could add more wide-body planes at airport Bloomberg [LONDON] British Airways (BA) could add more wide-body planes at London’s Gatwick airport in a review of capacity at a base dominated by ageing sin-gle-aisle jets that generate lower profit margins than operations at
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      29 22 Singapore's Leading Chi nese Watch and Jewellery Magazine A PUBLICATION OF ICON V <;> -r V K ArKX k 2012/2013 OUT NOW AVAILABLE AT KINOKUNIYA, MPH, PROLOGUE, TIMES BOOKSTORES sPHmagazines
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      241 22 Active traders and investors often use technical trading indicators and overlays to help them identify high probability entry and exit point trade. With the many technical indicators that are readily available in the various trading platforms, it may be confusing when it comes to the selection of the right indicator
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  • Page 22 Miscellaneous
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      355 22 CRYPTIC CROSSWORD Across 9 Smell coming from party in old, old city (5) 10 Capital city to suffer loss of life when captured by British officer (9) 11 Worker protected in secure American city (5,2) 12 Like fans making fuss meeting group (7) 13 Greek detectives about to apprehend men
      355 words
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  • TRANSPORT HUB: LAND
    • Article, Illustration
      Lock icon Toyota to let loose two more sports cars after the 86
      732 23  -  The Toyota 86 is the Japanese carmaker’s first sports model in quite a while By SAMUEL EE [SINGAPORE] The radical new Toyota 86 compact coupé is only the first of three new sports car line-ups that the Japanese carmaker
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      Lock icon Toyota tops Consumer Reports’ rankings
      246 23 Bloomberg [SOUTHFIELD, Michigan] Ford Motor Co, plagued by nagging problems with its electronics systems, tumbled further towards the bottom of Consumer Reports’ annual car reliability survey as three Toyota Motor Corp brands topped the rankings. Ford’s namesake brand fell seven spots to second-to-last place, and
      Bloomberg  -  246 words
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      Lock icon Audi S’pore MD heading for HK
      470 23  -  Reinhold Carl trebled Audi sales here in 5 years By SAMUEL EE [SINGAPORE] After five years and a trebling of Audi sales in Singapore, Reinhold Carl will be leaving the Republic for Hong Kong later this year. The managing director of Audi Singapore said
      470 words
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      40 23 AW yen neee /V kess J n o e- m 9 m GREAT MUSIC RELATIONSHIPS FASHION FOOD k HEALTH a WELLNESS PSYCHOLOGICAL INSIGHTS LOOKING GOOD MONEY MOVIE REVIEWS MADDY, JASON ARNOLD IN THE MORNING 6:00 10:00AM M kiss92.sg Dfacebook.com/kiss92fnn Q@kiss92fm
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  • EDITORIAL & OPINION
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      Lock icon S’pore electronics industry needs to retool
      492 24 EDITORIAL SEPTEMBER’S 2.5 per cent decline in Singapore’s manufacturing output was way off the market consensus estimate of 1.8 per cent growth. The chief drag was the electronics sector which, as a cluster, has the highest weightage of 33.4 per cent. The 12.2 per
      492 words
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      Lock icon To earn world respect, China must respect human rights
      795 24  - To earn world respect China must respect human rights THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 FORTY years ago, the arch-conservative American president Richard M Nixon shocked the country and the world by visiting communist China, a country
      795 words
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      Lock icon Mega value from mega sports events hosting
      908 24  -  Twin factors of technology and the private sector set to drive host-market growth By MARK RATHBONE The writer is PwC Asia Pacific capital projects infrastructure leader THE ear-splitting roar of Formula One (F1) cars has become a much-anticipated feature of Singapore’s aural landscape,
      PHOTO: FILE PHOTO  -  908 words
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      Lock icon Managing investments successfully
      1219 25  -  Cash and security transaction processing is among key functionalities that investment accounting solutions must address By PETER HILL The writer is managing director, SimCorp, a provider of software solutions and services for the financial industry Successful investment management relies on a holistic view of the business. It
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      Lock icon The realities of Romney’s taxes
      622 25  -  By DAVID ROBINSON The writer is a professor at Duke University’s Fuqua School of Business AS we reach the last few days of the US presidential election and the debates between President Barack Obama and his Republican rival Mitt Romney reach a crescendo, it is
      LUDWIG ILIO  -  622 words
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  • Article
    Lock icon The Business Times Shipping Times
    3425 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
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      147 27 TO ADVERTISE IN THE BUSINESS TIMES Shipping Times CALL JOE WONG I FREIGHT FORWARDER urgently needed by shippers i Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 w Highlight Your Company AnniversaraT y 1 Come publicise your Company Anniversary, Corporate
      147 words
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  • SINGAPORE STOCKS
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      Lock icon SGX MAINBOARD
      3025 28 Transaction date: Oct 30 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 148cd unch 405 148.5 147.5
      3,025 words
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      Lock icon SGX CATALIST
      195 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 Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C’vr P/E Smil r-0.2
      195 words
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      Lock icon UNIT TRUST & FUNDS
      8069 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 f M local Ccy Bond 0 9553/ European Opportunities
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      Lock icon GLOBALQUOTE
      189 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 $mil Company 41.5 26 Genting HK US$ US31.5 -0.5 1291 32 31.5 31.5 32 2074.1 Sale 228 169 TanChongInt HK211 211 217 4.3 3.3 7.1 4249.3 STOCK PRICES
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      Lock icon SGX ETF
      942 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 $mil 126 114.4 ABF SG Bond ETF 119 -0.5 10 119 119 118.5 120 543.2 128.9 120.4 CIMB APAC Div 100S$D 128.4 126.1 127 104.6 95.8 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      656 30 Oct 30 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8941.82 8995.81 8841.98 Dec12 8905.00 9010.00 8810.00 8860.00 ***** *****1 Mar13 8895.00 8895.00 8815.00 8845.00 14 2106 MSCI TAIWAN INDEX FUTURES SPOT 256.65 258.76 256.62 Oct12 255.80 259.10 255.10 257.39 *****8 ***** Nov12 255.20
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr Oct 29 Index Change Change Change Change Change Change World Preliminary 908.3 -0.1 9.5 -0.3 3.2 -0.3 9.7 EAFE Preliminary 728.5 -0.3 6.8 -0.6 0.8 -0.6 7.1 Europe Preliminary 1104.0 -0.3 7.5
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      Lock icon SMX MARKET UPDATE
      94 30 As on 29 October 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1718.00 1706.50 1708.90 INDIA GOLD (E-GOLD) FUT DEC2012 573.95 570.45 577.90 CURRENCY EUR-USD FUT DEC2012 1.2939 1.2892 1.2910 BASE METAL COPPER FUT DEC2012 7829 7684 7706 INDEX IRON ORE (MBIO) IDX
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    • Article
      Lock icon CHICAGO BOT
      107 30 Oct 29 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1527.25 1561.25 1561.00 1524.00 Jan 13 1529.75 1563.75 1563.50 1526.25 Mar 13 1505.75 1537.00 1538.50 1502.00 May 13 1460.25 1488.00 1488.75 1457.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 50.18
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 30 CRUDE OIL PRODUCTS Oct 29 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.03 0.10 WTI (Near Mth) 85.21 -0.84 Dubai (1-Mth F) 106.49 0.94 Tapis blend 113.7 1.33 Minas 108.35 1.33 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.22 1.41 Jet Kerosene 127.36 0.71 US$/barrel OpecOil Basket
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      Lock icon US$/S$ FORWARD RATES
      22 30 Oct 30 S$ Bid Offer 1-month 1.2208 1.2209 2-months 1.2208 1.2209 3-months 1.2208 1.2209 6-months 1.2204 1.2206 Source: OCBC
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      Lock icon LONDON METALS
      64 30 Oct 29 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1869.25 1895.75 3 months 1897.00 1922.00 Copper, Grade A(US$/tonne) Cash 7699.25 7819.75 3 months 7699.00 7820.00 Lead(US$/tonne) Cash 2011.00 2015.50 3 months 2007.00 2015.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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      Lock icon LIFFE
      80 30 Oct 29 COCOA (£/tonne) Close Prev High/Low Dec 12 1534 1544 1558/1524 Mar 13 1533 1544 1558/1525 May 13 1540 1551 1558/1532 Jul 13 1549 1559 1563/1540 COFFEE(US$/tonne) Close Prev High/Low Nov 12 1989 1996 1998/1963 Jan 13 2015 2021 2020/1987 Mar 13 2033 2039 2036/2005 May 13 2047
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      880 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 0.1 -0.1 680 1 32 320.00 1 Price Best World Intl Ltd W*****5 0.3 1 30
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 30 Oct 30 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.037 6.471 0.801 8.035 56.023 99.828 0.824 11.315 3.165 1.261 99.320 42.721 1.266 8.997 0.969 30.338 31.840 0.646 1.037 Canada 0.964 6.239
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    • Article
      Lock icon SIBOR
      60 30 Oct 30 (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$) 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP
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    • Article
      Lock icon PRECIOUS METALS
      136 30 GOLD(US$/oz) Oct 30 Oct 29 Hong Kong 1723.00 1721.00 Oct 29 Oct 29 Oct 26 London 1714.35 1714.43 1715.15 1715.31 Source: Thomson Reuters CAST BAR Oct 30 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 151 67 5gm 429 336 10gm 766 672
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 30 Oct 30 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 03-Jan-13 0.24 6-Month BS*****V 02-May-13 0.27 1-Year BY*****X 01-Nov-13 0.27 0.23 0.23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.15 5-Year N*****0Z 2.375
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    • Article
      Lock icon PALM OIL
      57 30 Oct 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 12 2400.0 2425.0 2410.0 2379.0 213 3865 Dec 12 2470.0 2492.0 2470.0 2440.0 1896 ***** Jan 13 2512.0 2548.0 2519.0 2491.0 ***** ***** Feb 13 2553.0 2581.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 30 Oct 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2656 1.2660 1.0367 1.0369 Canadian dollar 1.2201 1.2207 0.9998 0.9994 Euro 1.5798 1.5801 1.2941 1.2942 NZ dollar 1.0033 1.0036 0.8218 0.8220 Sterling pound 1.9591 1.9597 1.6048 1.6051
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 30 As at 9am Oct 30 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.291 1.23 Can dollar 1.248 1.189 Euro 1.613 1.537 Sterling pound 1.994 1.918 NZ dollar 1.034 0.976 US dollar 1.245 1.186 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      154 30 Oct 30 $S Offer Bid 0vernight 0.05 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.38 0.28 3 months 0.45 0.35 6 months 0.70 0.50 9 months 0.85 0.65 12
      154 words
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  • executive Money
    • Article
      Lock icon Manulife offers second savings fund
      672 31  -  The Strategic Income Fund aims to pay out 4.2 cents per unit per annum or 0.35 of a cent per unit per month. By TEH HOOI LING MANULIFE Singapore yesterday launched the second of its income series funds which aim to help Singaporeans protect their
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    • Article
      Lock icon Manulife cautiously optimistic on risk
      545 31  -  By TEH HOOI LING MANULIFE’S fixed income team is cautiously optimistic on risk. “We view the glass as half-full,” said Kisoo Park, its managing director and portfolio manager on the Global Multi-Sec-tor Fixed Income team. Via a conference call from Hong Kong, Mr Park outlined
      545 words
    • Article
      Lock icon Markets shrug off perils of low rates
      1520 32  -  Ignoring economic fundamentals, investors are hooked on massive monetary and fiscal stimulus programmes, saysGARY GARY SHILLING The writer is president of A Gary Shilling Co and author of ‘The Age of Deleveraging: Investment Strategies for a Decade of Slow Growth and Deflation’. The
      1,520 words
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      Lock icon In search of better yields
      1374 33 With interest rates at record low levels, there is growing interest in unlicensed investments in Malaysia Bloomberg [KUALA LUMPUR] DADHYANNA Tan Mian Lee ditched a 10-year career in telecommunications in 2009 to become a consultant with Genneva Malaysia Sdn, selling gold to customers with a
      Bloomberg; PHOTO: BLOOMBERG  -  1,374 words
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      331 31 NEVER MISS ATICK I 1 MARKETS NEWS ANALYSIS KNOWLEDGE IG WALL STREET -0.1% .13 OPTIONS INDICATORS ANNOTATIONS DEALS 5 MINS (H: *****.5 L: *****.0 -110 -0.1% r.f] i 4A f., nl^ T U t+ V f CLIENT SENTIMENT LI.S. stock futures rise, focus on data US STOCKS-Bernanke lifts Wall St,
      331 words
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      289 32 DON’T TRADE ON EMPTY. TRADE MT4 WITH GFT. Our latest MetaTrader4 platform is our most advanced yet. Unlike most standard MT4 platforms, ours is packed full of innovative trading tools to give you more power and more flexibility. Combine this intuitive interface with our exceptional pricing, outstanding execution and unrivalled
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      34 32 m SlN6A?0£e BRING ME TO ID G0S2EN TICKET TUNE IN TO HOT FM91.3 OR LOG ON TO WWW.HOTFM.SG FOR MORE DETAILS! GuskAd Kun KLM i*>i SI FACEBOOK.COM/HOTFMSG H0TFMSG WWW.H0TFM.SG m m T y w <«
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      20 33 omy.sg WWW I I SH 1. «SSJFH7» MV *81 7 -H showbiz.omy.sg It.' Download FREE QR Code Reader, e.g. BeeTagg
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      Lock icon Page 33 Advertisements Column 2
      87 33 TV i Tomorrow needs care Our continuous commitment in Asia In addition to providing global investment solutions, our Asia platform has developed local expertise and renminbi capabilities. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we help you to protect, grow
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      225 34 r jrr' Fhe new BMW 7 Series m}Ui 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 safety and comfort innovations
      225 words