The Business Times, 27 November 2010

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Total Pages: 48
1 20 The Business Times
  • 17 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg NOVEMBER 27 -28, 2010 S$1.00 MICA(P) 139/08/2010 A SINGAPORE PRESS HOLDINGS PUBLICATION
    17 words
  • 699 1  -  Market pullback from geopolitical and global financial tensions takes toll on new listings; some companies may postpone offers if market continues to correct By Jamie Lee leejamie@sph.com.sg Singapore TO everything there is a season, and so it is with the latest spate of initial public
    Source: Bloomberg  -  699 words
  • Page 1 Advertisements
    • 202 1 the the MOTORING Audi's A1 e-tron is simply electric L19 the raffles conversation DIPAK JAIN, INCOMING DEAN OF INSEAD 8-9 SMART MONEY The ABCs of ETFs 30-31 hazy mix Property sector in a tug o’ war HOME buyers, developers and the stock market have all largely shrugged off the last
      202 words

  • TOP STORIES
    • 905 2  -  With govt intending to tighten immigration, release of new sites may not be readily absorbed; developers welcome the new supply and predict prices will hold news analysis| By Uma Shankari shankari@sph.com.sg Singapore THE government’s move to roll out a
      THE STRAITS TIMES FILE PHOTO  -  905 words
    • 140 2 H STI 3,158.08 (-1.15) H STI FUTURES 3,158.00 (-2.00) H SIMSCI 371.34 (-0.68) H SIMSCI FUTURES 370.80 (-1.90) STOCKS Friday Change KL COMP 1,492.05 -4.44 NIKKEI 225 10,039.56 -40.20 HANG SENG 22,877.25 -177.43 SET 991.71 -4.71 JAKARTA 3,642.50 -59.51 MANILA 4,053.58 -43.91 KOSPI 1,901.80 -25.88 SHENZHEN B 839.36 -3.21
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    • 453 4  -  Stronger than expected growth is fuelled by biomedical cluster’s 107.3% surge; economists raise GDP forecasts for next year By Nisha Ramchandani nishar@sph.com.sg Singapore FUELLED by the biomedical cluster, Singapore’s manufacturing output exceeded forecasts to chalk up 31 per cent growth year on year
      FILE PHOTO  -  453 words
    • 336 4  -  Building materials supplier TE Fasteners fined more than $747,000 By Grace Leong gleong@sph.com.sg Singapore A SINGAPORE wholesale importer and exporter of building materials and its finance executive were convicted of tax evasion yesterday and were each slapped with $735,036 in penalties. Toh
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    • 499 5  -  Stock surges as much as 10% over institutional price of RM5.20; accounts for 70% of market turnover By Pauline Ng bt wo rl d @s p h .co m .sg Kuala Lumpur PETRONAS Chemicals Group (PCG) debuted on the Malaysian stock exchange yesterday at a
      AFP  -  499 words
    • 402 6 Fears deepen of a delayed exit from deflation; economy also labouring under a strong yen AFP Tokyo JAPAN’S consumer prices slid for the 20th straight month in October, data showed yesterday, underscoring fears of a delayed exit from crippling deflation as economic
      AFP; PHOTO: REUTERS  -  402 words
    • 567 6  -  Regulators urged to allay fears new US, EU rules will hit Asia By Felda Chay feldac@sph.com.sg Singapore ASIAN hedge fund regulators must work with their global peers to ensure that the new rules in the US and Europe do not have
      567 words
    • 51 6 IN “Sabana Reit units 2.5 times subscribed” (BT, Nov 26), we said that most of the proceeds will be used to pay for three industrial properties in Singapore. This is incorrect. The proceeds will be used for the 15 properties under Sabana’s initial portfolio. We are sorry for the
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    • 409 7 Portuguese banks are not a fundamental problem but analysts note that they are already dependent on ECB’s lifeline Reuters Lisbon PORTUGAL has denied that it is under pressure to get help now from its eurozone brethren, but its banks could sooner or later become
      Reuters  -  409 words
    • 553 7 Plus points include longer hours, price cuts, online bargains AP New York RETAILERS ushered in the traditional kick-off of the US holiday shopping season yesterday with expanded hours, deep discounts and online deals to draw bargain-hungry shoppers. In a bid to
      AP; REUTERS  -  553 words
  • Page 2 Advertisements
    • 58 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Week In Review 10 Companies 11-14 From The Desk Of 15 Singapore 16-17 World 18-20 Stocks Stats 21-25 Perspective 26-27 Wealth 28-35 Smart Money 30-31 Househunt 34 Real Estate 35 LIVING Destination Dining L2-4 Travel L5-7 Style L8-9 Watches L10-11 Gadgets L12-13
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  • Page 3 Advertisements
    • 233 3 s A I rrr 'T'V (ifl v MM WA [gfijjk -MX- frj $8? zm tifea N ~r. V' v 1 I- SSS^F"''-. V V-'; r. v.-v :yu +r *v .'v^> V > *v v ss jxaw HO Set within verdant Hiiiview, The Lanai is conveniently connected to Jurong Lake District,
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  • Page 5 Miscellaneous
    • 69 5 SINGAPORE —SWEEP— 1 ST PRIZE $2,200,000 $500,000 $250,000 $1,050,000 2 nd prize 3 rd PRIZE SUPER SWEEP Mfc- 1st Prize $1.2 Million =Si® H IndPrUeSSOO* M-tilVeiXj 3rd Prize 5250,000 <3% 4c j .rf SoTo \V**» ***** '$35» DRAW ON WEDNESDAY, 1 DECEMBER 2010 SINGAPORE E p |_ayA Always play with
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  • THE RAFFLES CONVERSATION
    • 1975 8/9  -  Incoming dean of Insead Dipak Jain describes himself as a ‘chalk and blackboard’ type of guy, preferring to teach off the top of his head without having to rely on pre-written notes or nifty gadgets. By Lee U-Wen By Lee U-Wen leeuwen@sph.com.sg ONE could easily surmise that life
      ARTHUR LEE  -  1,975 words

  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK | Nov 22-26, 2010
      • 49 10 LAW firm Wong Partnership may be close to inking a lease for about 100,000 square feet at Marina Bay Financial Centre’s Tower 3, a 46-storey tower with 1.3 million sq ft that is expected to be ready in the first quarter of 2012.
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      • 43 10 THE Malaysian government is likely to give tycoon Syed Mokhtar Al-Bukhary the nod to take over Penang Port, executives said. It is not clear how much the businessman had offered the government but his selection makes sense.
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      • 103 10 IRELAND is asking for a multi-bil-lion euro international bailout, a move that its finance minister said would help shore up state finances. Its neighbours hope that a bailout would relieve pressure on other eurozone members facing mounting debts and deficits and prohibitive interest rates
        REUTERS  -  103 words
      • 36 10 FIRST, there was the Lamborghini man, now, there’s the Porsche man. BT has learnt that Singapore telco,M1,issuing aformer employee for having allegedly made off with some $2 million of its money.
        36 words
      • 47 10 INVESTORS are desperately hoping that the Irish bailout will stop a blight from infecting global markets. While Asian stocks rose following the bailout deal on Sunday, Irish bank stocks fell when the market opened hours later.
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      • 64 10 THREE relatives of Jemaah Islamiyah leader Mas Selamat Kastari have been sentenced to jail for harbouring him in their Tampines flat after he escaped from detention in February 2008. The terrorist’s brother, sister-in-law and niece were charged on Nov 10 under Section 130
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      • 40 10 PROPERTY consultancy DTZ has found that the Chinese accounted for 20 per cent of private home transactions involving foreigners and permanent residents in the thirdquarter –the highestsince official data was available from 1995.
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      • 57 10 ASIAN markets ran for cover on Tuesday as fresh attacks by North Korea on its estranged sibling stirred fears of an escalated conflict. But market watchers see the hit on South Korea as a catalyst for a correction, as Asian markets draw greater liquidity
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      • 62 10 THE Singapore chapter of the Asia growth story is now rich in the tell- ing, going by the rising portion of Asian companies registered here in the last decade. About 51 per cent of the total number of international companies formed in Singapore
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      • 53 10 A US aircraft carrier group has set off for Korean waters one day after North Korea shelled the island of Yeonpyeong, killing two South Korean Marines and at least two civilians, and causing South Korean forces to return fire and
        53 words
      • 53 10 CIVIL servants will get higher bonuses this year two months’ year-end payment on top of the 0.5 of a month plus $300 that they got in July. But ministers and other top government officials will still see no pay adjustments, despite the
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      • 46 10 SINGAPORE stands ready to take more steps to cool the property market and will roll out another bumper supply of land for new residential projects for the first half of 2011, government agencies said on Thursday.
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      • 33 10 SINGAPOREANS have never been richer, as they remain tight fisted despite buoyant property prices. Household assets now stand at almost seven times the level of household debts.
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    • NEXT WEEK | Nov 29-Dec 3
      • 28 10 Nov 30 Nov Consumer confidence Dec 1 Nov ISM manufacturing index Fed Beige Book report Dec 2 Oct home sales Index Dec 3 Nov employment rate
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      • 11 10 Nov 29 Oct producer and international trade price indices
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      • 53 10 Nov 29 EU Commission to issue economic forecasts for 2011 and 2012 for all 27 members of the European Union and eurozone aggregates. World Economic Forum Summit on the Global Agenda in Dubai Nov 30 World Trade Organization to hold a meeting on the Doha round of global trade
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  • Page 10 Advertisements
    • 33 10 Looking for opportunities? November/December issue out now! Available at all petrol stations (except Caltex) and all major bookstores To subscribe ($30 for six issues delivered to your office or home), please call 6388-3838
      33 words
  • Page 10 Miscellaneous
    • 331 10 CRYPTIC CROSSWORD Across 1 Summarised and withdrawn (10) 9 It’s made to last (4) 10 Who cares, for example, about such questions? (10) 11 Taken out from the Red Sea (6) 12 Gathers and puts the sheep to bed? (7) 15 One in dispute re a debt unsettled (7) 16
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  • COMPANIES
    • 444 11  -  Revenue falls 27%; earnings per share rises to 0.13 kroner By Joyce Hooi joyceh@sph.com.sg Singapore NEWLY listed offshore vessel builder STX OSV coasted to a 69 per cent increase in thirdquarter net profit from 90 million Norwegian kroner (S$19.2 million) to 152
      444 words
    • 584 11  -  By Lynn Kan lynnkan@sph.com.sg Singapore MOVING further from its purely container ship holdings past, Pacific Shipping Trust (PST) has acquired five 57,000 deadweighttonne (dwt) supramax bulk carriers for US$150 million. This is the third such acquisition of non-container ship vessels made by PST
      584 words
    • 296 11  -  By Linette Lim linette@sph.com.sg Singapore TTJ Holdings has clinched contracts worth $31.5 million in two petrochemical and oil and gas development projects on Jurong Island. The contracts resulting from a planned 400 millioneuro (S$700 million) butyl rubber facility by Germany’s Lanxess and a
      296 words
    • 544 12  -  Preferred locations include the integrated resorts, latest shopping malls and MRT stations By Siow Li Sen lisen@sph.com.sg Singapore CITIBANK Singapore may have made some noise recently with the opening of its latest branch at Orchard MRT station but the three local banks have also
      544 words
    • 406 12  -  By Ven Sreenivasan ven@sph.com.sg Singapore SIA Engineering Company (SIAEC) yesterday announced the official opening of its sixth overseas line maintenance joint venture (JV) at Ho Chi Minh City’s Tan Son Nhat International Airport, the largest and busiest airport in Vietnam. The JV company Southern Airports Aircraft
      406 words
    • 604 13  -  stocks R Sivanithy sivan@sph.com.sg Senior correspondent LIQUIDITY is a funny thing a bit like form on the soccer field or tennis court. One minute it’s there and everyone’s happy. The next minute it’s gone. And if it stays “gone”, worry sets in. Just two
      604 words
    • 111 13 VOL CLOSE Sapphire 160,522 1.5 0.0 0.0 GentingSP 71,213 200 -2.0 -1.0 SabanaREIT 57,165 102 0.0 0.0 GoldenAgri 38,756 73.5 -0.5 -0.7 XinRen 26,573 39.5 0.0 0.0 FreightLinks 25,386 8.5 -1.0 -10.5 *GentingHK US$ 23,365 43 -0.7 -1.1 Hisaka 22,223 42 1.0 2.4 KLWHldgs 20,000 1 0.0
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    • 104 13 Stock name Close Change CapMallsAsia 2.040 +0.010 CapitaLand 3.700 -0.030 CapitaMall 1.870 CityDev 12.220 -0.120 ComfortDelGro 1.490 -0.010 DBS Grp 13.880 +0.040 F&N 6.170 +0.010 Genting SP 2.000 -0.020 Golden Agri 0.735 -0.005 HK Land 7.000 -0.040 JMH 45.400 -0.100 JSH 26.740 +0.280 Jardine C&C 37.720 Keppel Corp
      104 words
    • 321 13  -  By Nisha Ramchandani nishar@sph.com.sg Singapore ASIATRAVEL.COM Holdings has reported a 70.7 per cent year-on-year slide in net profit for the financial year ended Sept 30, 2010 to $1.63 million, on the back of higher costs and expenses as it widened its products and service offerings.
      321 words
    • 64 13 BY CENTS CLOSE UP DBXT MSAsExJp 10US$ 3500 371.3 8.8 IS DJ US Tech 6228 126.4 1.6 IS S&P500 ***** 36.9 0.2 JSH 2674 36.9 1.1 DBXT S&P Short 10US$ 4779 25.0 0.4 OCBC Bk 5.1%NCPS 100 ***** 20.0 0.2 DBXT MSBrazil 10US$ 710 18.4 2.0 UOB 1848
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    • 65 13 BY CENTS CLOSEDOWN DBXT Nifty 10US$ ***** -396.4 -2.3 DBXT MSKorea 10US$ 5286 -197.5 -2.8 DBXT FTChina25 10US$ 3137 -88.2 -2.1 DBXT MSTHAI 10US$ 1534 -60.6 -2.9 GLD 10US$ ***** -50.0 -0.3 DBXT MSINDO 10us$ 1417 -46.1 -2.4 DBXT SPASX200 10US$ 3182 -46.1 -1.1 DBXT FTVietnam 10US$ 3344
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    • 597 14 Reuters London NIGERIA will stop subsidising marketers who buy petrol from Noble Group, according to a document seen by Reuters, in a move likely to prevent the trader from dealing in the country’s US$6 billion fuel market. In a fax sent to
      Reuters  -  597 words
    • Business briefing
      • 63 14 MILLENNIUM Copthorne Hotels announced that it has acquired an additional 40 per cent stake in Beijing Fortune Hotel Co Ltd for about £18 million (S$37.1 million). Beijing Fortune owns and operates the Grand Millennium Hotel Beijing. As a result of this
        63 words
      • 76 14 ORCHARD Turn Retail Investment, a wholly owned subsidiary of Orchard Turn Holding, has secured five-year syndicated credit facilities for up to $1.618 billion for the refinancing of ION Orchard. Orchard Turn Holding is a 50:50 joint venture company of CapitaMalls Asia and Sun
        76 words
      • 80 14 THE exit offer to take Soilbuild Group Holdings private has been made unconditional after the delisting was approved at an EGM held yesterday. Dolphin Acquisitions has made an exit offer at $0.80 per share. A cash offer of $0.42 per warrant will also be
        80 words
      • 45 14 MAPLETREE Logistics Trust has acquired Liang Huat Building which comprises six blocks of industrial warehouses, including two ancillary buildings at 51 Benoi Road for $55 million. The acquisition pro- vides an initial net property yield of 7.8 per cent.
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      • 41 14 SERIAL System announced yesterday that its application to list Taiwan Depository Receipts on the Taiwan Stock Exchange (TSE) has not been approved but it intends to make a re-submission to the TSE.
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      • 77 14 INTER-PACIFIC Securities, a subsidiary of Berjaya Corporation, and Kim Eng Holdings have entered into a strategic alliance which will see the transfer of the stockbroking and related businesses in Malaysia carried out by the Interpac Securities Group to a newly incorporated special purpose
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  • Page 11 Advertisements
    • 257 11 SEATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PFIZER ASIA CONTRACT OPERATIONS PTE. LTD. (In Members’ Voluntary Liquidation) Co. Reg. No. *****4771K At an Extraordinary General Meeting of the member(s) of PFIZER ASIA CONTRACT OPERATIONS PTE. LTD., deemed convened and held at
      257 words


  • Page 13 Advertisements

  • Page 14 Advertisements
    • 66 14 IT'S HERE! ..ill 3G 2:40 PM V/# LCDRDiriG... GET THE FREE 9I.3FM APP NOW! Available on the App Store p H-> cr -7 o C j <r r c ISX FIND THE ONES 1J THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email 1
      66 words

  • FROM THE DESK OF
    • 911 15  -  Search in itself is meaningless unless it is used to find the relevant content from the desk of Yvonne Chang Vice-President Managing Director Yahoo! South-East Asia THEamountofinforma-tion being generated is outpacing the human race’s ability to digest it. For example, about 145
      911 words

  • SINGAPORE
    • 282 16  -  Year-on-year, it was up 9%, with all sectors reporting growth By Lynn Kan lynnkan@sph.com.sg SINGAPORE’s services sector excluding hotels, restaurants and firms engaged in retail and wholesale trade raked in 1.9 per cent more business receipts in the third quarter over Q2,
      282 words
    • 146 16  -  By Yen Meng Jiin A NORTH American harvest festival was celebrated at the Orchard Hotel this week with a European Christmassy touch! Finnish santarinas Kaisa (left) and Riikka, in town for the first time all the way from Santa Claus Village in Lapland, helped Orchard Hotel general manager
      YEN MENG JIIN  -  146 words
    • 349 16  -  By Arthur Lee arthurl@sph.com.sg THE Lien Foundation, Singapore Hospice Council and adamsapple, a local design company, will launch an 80-page coffee table book that chronicles the last months of eight terminally ill patients. Titled “Departure, Living before Leaving”, the year-long “labour of
      ARTHUR LEE  -  349 words
    • 154 16 THE Association of Chartered Certified Accountants (ACCA) organised the inaugural ACCA Inter-Firm Golf Challenge this month. Held at the Singapore Island and Country Club on Nov 15, the competition saw five teams of four slug it out for the top prize. ACCA, Ernst Young, PricewaterhouseCoopers, KPMG and
      154 words
    • 417 17  -  The $214m deal involves a collective sale; Far East plans to manage the hotel By Kalpana Rashiwala kalpana@sph.com.sg FAR East Organization has clinched Paramount Hotel and Shopping Centre along East Coast Road for $214 million. BT understands that Far East plans to keep
      FILE PHOTO  -  417 words
    • 487 17  -  By Kalpana Rashiwala kalpana@sph.com.sg THE Urban Redevelopment Authority has made a commercial/residential plot in the Bukit Panjang area available for application. The Reserve List site is next to an existing LRT station and the future Bukit Panjang MRT Station under
      487 words
    • 358 17  -  Panel recommends new strategies for health management By Nisha Ramchandani nishar@sph.com.sg SMALL and medium enterprises may soon find themselves beneficiaries of increased funding for workplace health promotion (WHP) programmes now that a new set of workplace health recommendations have been released. Health
      358 words


  • WORLD
    • 570 18 Words against military acts near Chinese coast comes as Seoul names new defence chief Reuters Seoul CHINA yesterday warned against military acts near its coastline ahead of US-South Korean naval exercises that North Korea, days after shelling a South Korean island,
      Reuters; AFP  -  570 words
    • 347 18  -  More than 1,300 delegates slated to attend the 3-day event in Bangkok By Lee U-Wen leeuwen@sph.com.sg Singapore THE world’s top creative entrepreneurs and professionals are converging in Bangkok this weekend for a three-day event that hopes to help Thailand become Asean’s creative economy
      347 words
    • 356 19 It is down at 6th in terms of European deals this year, after finishing No 1 two years ago. Drop stems in part from key staff loss Bloomberg London UBS AG is betting on more than 170 investment-banking hires to help it
      Bloomberg  -  356 words
    • 478 19  -  By S Jayasankaran bt wo rl d @s p h .co m .sg Kuala Lumpur FORMER Kelantan ruler Tuanku Ismail Petra yesterday lost a court battle to regain control of the throne that his eldest son occupied after he became incapacitated due
      THE STAR FILE PHOTO  -  478 words
    • 240 19 CEO of a firm, he is suspected of misappropriating company assets AP Shanghai THE Australian government says it is closely monitoring the handling of a case involving an Australian entrepreneur detained by police in south China on suspicion of embezzlement. The Australian Department of Foreign Affairs
      AP  -  240 words
    • 142 19 Reuters Tokyo JAPAN’sbiggestshippingcompany Nippon Yusen KK said yesterday it will take a 50 per cent stake in Norwegian shuttle tanker operator Knutsen Offshore Tankers by buying new shares, in a bid to enter the upper end of the oil supply chain. The Nikkei
      Reuters  -  142 words
    • 472 20 Five-year swaps on State Bank of India climb 10 basis points to 172 Bloomberg Mumbai THE arrest of eight Indian bankers and brokers following a bribery probe triggered the biggest daily jump in benchmark credit-default swaps since June amid concern that investigators
      Bloomberg  -  472 words
    • 245 20 Reuters Canberra AUSTRALIA’S Senate has passed laws yesterday to force dominant phone company Telstra Corp to structurally separate, underpinning the government’s plans for a A$35.7 billion (S$46 billion) National Broadband Network (NBN). The laws effectively force Telstra to split its wholesale arm
      Reuters  -  245 words
    • 405 20 AFP Brussels RANK outsiders initially, dark horses the Netherlands and Belgium are hoping that the Fifa corruption scandal turns votes and the 2018 football WorldCuptheirway–butBelgianpolitical chaos is threatening to undo the bid’s clean-cut image. The bid team has used subtlety where others
      AFP  -  405 words


  • Page 20 Advertisements
    • 27 20 Lianhe Zaobao It* -S- Ik Lianhe Amtek Engineering rises to new heights and is re-listing after 3 years ■0±tS±H) To subscribe, call 6388-B838 or go to sphsubscription.com.sg
      27 words

  • SGX
    • 9061 21 Transaction date: Nov 26 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 18.5 -0.5 70 18.5 18.5 18.5 19 1.7 9.8 5.9 88.6 12 5 5834 A-Sonic 5 -0.5
      9,061 words
    • 1785 24 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 4.5 4 5 25 4.3 225 130 6222 t APStrategic 164 +4 15 164 160 157 164
      1,785 words
    • 186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 9 3 0 0 0 6 9 3 Manufacturing 40 62 67 1 5 10 41 67 77 Commerce 13 12 32 4 2 6 17 14 38 Tpt/Stor/Comms 12 15 16
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    • 845 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 22 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) STX OSV Hldgs Ltd 25-Nov-10 Leading Invest and Sec Sell 873 na ***** 6.53 ***** 6.46 Thomson
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    • 119 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,606 28,606 77,105 77,105 Manufacturing 261,008 37,228 298,236 254,824 910 255,734 Commerce 49,155 10,920 60,075 75,501 1,138 76,639 Tpt/Stor/Comms 87,686 967 88,653 112,719 326 113,045 Finance 15,416 15,416 111,965 111,965 Construction 19,523 168,434 187,957 2,590
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  • MARKETS
    • 116 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.32 1.246 Can dollar 1.321 1.271 Euro 1.779 1.711 Sterling pound 2.101 2.021 NZ dollar 1.022 0.974 US dollar 1.33 1.279 Local dollars to 100 units of foreign currency: Currencies Sell Buy Chi
      116 words
    • Article, Illustration
      94 25 YTD change: +8.99% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,648.15 on May 25,2010 Source: Bloomberg YTD change: +4.59% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,971.50 on May 27,2010 Source: Bloomberg Bloomberg YTD change: +7.28% 52-week high: 11,451.50 on Nov 5, 2010 52-week low: 9,614.32
      Source: Bloomberg  -  94 words
    • 374 25 In local curr In S$ In US$ dy yr dy yr dy yr Nov 25 Index Change Change Change Change Change Change World Index Preliminary 865.5 0.2 4.0 0.0 -2.5 0.1 4.7 ‡EAFE Preliminary 782.3 0.5 -0.3 0.2 -6.3 0.3 0.7 Europe Preliminary 1144.2 0.6
      374 words
    • 154 25 Nov 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2755 1.2766 0.9686 0.9687 Canadian dollar 1.2984 1.3000 0.9860 0.9865 Euro 1.7461 1.7479 1.3260 1.3264 NZ dollar 0.9944 0.9965 0.7552 0.7562 Sterling pound 2.0687 2.0708 1.5710 1.5714
      154 words
    • 81 25 Nov 25 COCOA (£/tonne) Close Prev High/Low Dec 10 1847 1860 1857/1845 Mar 11 1847 1862 1862/1845 May 11 1861 1875 1871/1860 Jul 11 1875 1890 1886/1879 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1808 1813 Jan 11 1829 1834 1831/1816 Mar 11 1847 1851 1849/1837 May 11 1871
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    • 93 25 Nov 24 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 11 1255.*****9.*****8.*****7.00 Mar 11 1262.*****6.*****5.*****4.75 May 11 1263.*****6.*****5.*****4.00 Jul 11 1266.*****8.*****7.*****5.75 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Dec 10 50.24 49.22 50.37 49.07 Jan 11 50.60 49.57 50.73 49.41 Mar 11 51.03 49.99 51.15
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    • 72 25 Nov 25 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2253.00 2230.50 3 months 2281.00 2259.00 Copper, Grade A (US$/tonne) Cash 8388.00 8285.00 3 months 8340.00 8250.00 Lead (US$/tonne) Cash 2308.25 2198.50 3 months 2331.00 2222.50 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 67 25 Nov 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 10 3333 3360 3365 3333 46 1836 Jan 11 3273 3306 3323 3270 1200 ***** Feb 11 3235 3274 3281 3233 8719 ***** Mar 11 3211 3243
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    • 75 25 Nov 25 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 86.35 1.18 WTI (Near Mth) 84.23 0.28 Dubai (1-Mth F) 83.18 2.06 Tapis blend 89.80 2.35 Minas 85.40 1.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 87.22 2.39 Jet Kerosene 97.75 2.05 US$/barrel Opec Oil Basket Price
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    • 67 25 Nov 26 GOLD (US$/oz) Nov 25 Nov 26 Hong Kong 1371.*****7.00 Nov 24 Nov 25 London 1372.*****2.70 1373.*****3.50 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 36.06 35.84 Source: UOB PLATINUM Lon (US$/oz) Nov 25 Close Previous PM Fix 1655.*****2.00 AM Fix 1655.*****7.00 Source: Thomson Reuters PLATINUM NYMEX
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  • PERSPECTIVE
    • 1255 26 / 27  -  The prospect of Japan and South Korea going nuclear will push China to finally start acting like the responsible regional power that it claims to be Leon Hadar Washington correspondent HERE is an admission that you probably won’t hear from many tele-vision-news
      AP  -  1,255 words
    • 808 26 / 27  -  By Paul Krugman NYT WHAT we need now is another Jonathan Swift. Most people know Swift as the author of Gulliver’s Travels. But recent events have me thinking of his 1729 essay, “A Modest Proposal”, in which he observed the dire poverty
      NYT  -  808 words

  • Wealth
    • WEALTH INVESTING
      • 1026 28 / 29  -  Emerging markets are likely to continue to be a major investment destination, says Schroders. The outlook for emerging debt, however, is a tad more cautious. By Genevieve Cua By Genevieve Cua gen@sph.com.sg EMERGINGmarketeq-uities will eventually reach bubble territory, possibly in 2012, says Schroders head of EM
        REUTERS; Source: Schroders (UBS, data shown to Aug 31,2010)  -  1,026 words
      • BROKERS' TAKE
        • 227 28 / 29 Development Hold DBS Vickers Nov 26 Close: $0.33 NET profit grew by 6 per cent y-o-y to HK$773 million on the back of HK$7.4 billion topline (-2 per cent). The results stemmed from a lower-than-expected contribution from subsidiary China Fishery Group (CFG), which arose from negative contribution
          227 words
        • 251 28 / 29 Buy OCBC Investment Research Nov 26 Close: $10.80 BOTH Sembcorp Marine and Keppel Corp have collectively announced seven new rig orders with options for nine more since October, with the bulk of these contracts secured by the former. Demand for premium jack-up rigs has returned, illustrated by the
          251 words
        • 310 28 / 29  -  Buy DMG Partners Securities Nov 26 Close: $0.405 Compiled by Lynette Khoo MARCO Polo Marine’s net profit was $2.8 million in Q4 FY10 (-32 per cent q-o-q; +52 per cent y-o-y). Stripping out one-off gains from disposal of fixed assets, core Patmi came in within expectation at
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    • SMART MONEY
      • 1869 30 / 31  -  Exchange traded funds’ efficiency and easy access have propelled them to new heights of popularity globally. Genevieve Cua walks you through the basics Genevieve Cua gen@sph.com.sg EXCHANGE traded funds (ETF) get you access to an entire market in a single fund. You don’t need to puzzle
        Source: MAS; Source: UOBAM  -  1,869 words
      • 695 30 / 31 As much as possible, pick assets that are not very correlated with each other BEFORE you take the plunge into ETFs, ask yourself some key questions to ensure that the ETF is a good fit for your portfolio. 45What are your objectives and time horizon?
        695 words
    • 1024 32  -  Excessive leverage may wipe you out early even if your original assessment of the market eventually comes true wealth insights Philip Loh Manager of financial services, Great Eastern Life ~The writer is a chartered financial consultant. The views expressed are his own. Comments are welcome at www.philiploh.com/contact
      AP  -  1,024 words
    • 1413 33  -  Watch out if an employee is living beyond his means or has an unusually close association with a vendor or customer show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder YET another case of fraud allegedly perpetrated by an employee
      FILE PHOTO  -  1,413 words
    • 949 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 14 LANDED Jln Waringin 1-Det 01/11/2010 FH 4996 3080 616 NON-LANDED Le Reve Apt 02/11/2010 FH 1076
      949 words
    • 448 35 Home sales down 83% last weekend from the previous week, according to Centaline Property Agency Bloomberg Hong Kong CHIEF Executive Donald Tsang said yesterday that the government’s latest measures to curb property price speculation have shown some success. “The preliminary response from the market shows that
      Bloomberg; BLOOMBERG  -  448 words
    • 132 35 Reuters Shanghai THE China Securities Regulatory Commission (CSRC) has suspended vetting of restructuring applications from real estate companies and tightened approvals of fund-raising plans, the Shanghai Securities News reported yesterday, citing vice-chairman Zhuang Xinyi. Property developers applying for initial public offerings, additional fund raising or
      Reuters  -  132 words
    • 252 35 Reuters Paris PROPERTY prices in the French capital have hit an all-time high, despite the agony that recession, debt and government-imposed austerity is inflicting on much of Europe. Fuelled by ultra-low bank loan rates, buyers are snapping up properties in the French
      Reuters; AFP  -  252 words

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    • 27 30 / 31 This monthly column on financial products is sponsored by MoneySENSE, a national financial education programme in Singapore. Find out more about other common financial products at www.moneysense.gov.sg
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    • 49 34 .iiji m Featuring the Prestige Homes Collection Your Specialist In Prime and Luxurious Properties For enquiries: Ruby Orig 9222 0208, ROng@savills.com.sg or Lawrence Chia 9617 2884, I.Chia@savill5.com.sg To arrange for an appointment to view our other luxurious developments, please call 6836 3338 or search with us at residential.savills.com.sg savills
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    • 26 36 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax
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  • Page 1 Advertisements
    • 50 1 TRAVEL Central Japan L6-7 STYLE Staying original at Chanel L8-9 LivingTHEBUSINESSTIMESWEEKEND|NOVEMBER27-*****0BTTHE BUSINESS TIMES WEEKEND NOVEMBER 27 28 2010 WATCHES Time will tell L10-11 STARRING ROLE Tokyo Michelin capital of the world NO HOLDS BARRED Battle for Spanish supremacy L16 PHOTO: AFP HEALTH Bend and stretch L15 MOTORING Mercedes-Benz innovations L20
      50 words

  • BT Living
    • DESTINATION DINING
      • Article, Illustration
        1229 2  -  Outgoing director Jean-Luc Naret takes stock of what the Michelin guides have achieved during his tenure, and addresses the Tokyo controversy. By Jaime Ee controversy.By Jaime Ee jaime@sph.com.sg WHEN it comes to leaving your career on a high, nobody does it better than Jean-Luc Naret, outgoing global director
        AFP  -  1,229 words
      • 2036 3  -  Three-star, one-star or no-star ratings seem almost irrelevant when one savours the superlative cuisine of these three restaurants. By Jaime Ee By Jaime Ee jaime@sph.com.sg WHILE the success of the Tokyo Michelin Guide has turned it into the veritable bible of Japanese gastronomy, let the logic of statistics
        2,036 words
    • TRAVEL
      • 838 5  -  Step into the Shangri-La Tokyo and you enter a different realm. By Jaime Ee By Jaime Ee jaime@sph.com.sg Shangri-La Hotel Tokyo 1-8-3 Marunouchi Chiyoda-ku, Tokyo Marunouchi Trust Tower Main Z03-6739-7888 www.shangri-la.com IF Japan and China were to become good friends and go into the hotel business, they
        838 words
      • 317 5 THERE can never be too many reasons to visit Tokyo and now there’s one more with Singapore Airlines’ recently launched flights to the new Haneda airport. Dubbed as Tokyo International Airport, Haneda doesn’t come across so much as an airport as a huge theme park for locals
        317 words
      • Article, Illustration
        1726 6 / 7  -  Japan’s central region is a little rough around the edges, but like a gawky schoolgirl biding her time before she blossoms into a beauty, you might just get smitten after a while. By Jaime Ee while.By Jaime Ee jaime@sph.com.sg WHEN you think of visiting Japan, what are the
        1,726 words
    • STYLE
      • 1233 8 / 9  -  Chanel stood for creativity and ingenuity when founder Gabrielle Chanel set it up a century ago; today, the iconic fashion house has stayed forward-thinking by keeping those principles from the past close to heart. By Audrey Phoon By Audrey Phoon aphoon@sph.com.sg YOU know that a brand has
        PHOTO: KARL LAGERFELD  -  1,233 words
      • 667 8 / 9 wine dine with BTWeekend Pine Court Chinese Restaurant Level 35, Orchard Wing Mandarin Orchard Singapore 333 Orchard Road Z6831-6288 Ascend 35 stories of the Orchard Wing and arrive in style at Pine Court Chinese Restaurant, the home of authentic Cantonese cuisine. Delight in traditional signature dishes such as Classic Peking
        667 words
    • WATCHES
      • Article, Illustration
        1380 10 / 11  -  The heads of luxury watch brands Panerai, Raymond Weil and Longines share the secrets of their brands’ success.By Dylan Tan success.By Dylan Tan dylantan@sph.com.sg Panerai The Panerai success story is one of the greatest in the watch industry. From its beginnings as a supplier of military watches
        1,380 words
    • GADGETS
      • 1034 12 / 13  -  Gear up for the Standard Chartered Marathon next weekend with gizmos that either feed data back to you to keep you focused or distract you from fatigue with music. By Christopher Lim By Christopher Lim limchris@sph.com.sg RUNNING 10km is a stiff challenge for many people,
        FILE PHOTO  -  1,034 words
    • DESIGN
      • Article, Illustration
        816 14  -  Celebrated American designer Barbara Barry says design is an expression of love, transforming rooms into paintings vivified by composition, colour and clarity of line. By Clarissa Tan By Clarissa Tan btnews@sph.com.sg BARBARA Barry, ageless, serene, dressed in impeccable beige with a long string of pearls, muses that she
        PHOTOS: BARBARA BARRY  -  816 words
    • HEALTH
      • 929 15  -  Flexibility may not be the first thing that comes to mind when one thinks of fitness training, but it plays an important role in preventing injury and improving performance capability. By Cheah Ui-Hoon By Cheah Ui-Hoon AMONG the five elements of fitness cardio-respiratory fitness, muscular endurance, muscular
        929 words
    • SPORT
      • 777 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor IN football, there are only a handful matches that can truly excite the senses as much as when two behemoth clubs rich with history and flush with trophies slug it out on the field. Some purists would
        PHOTOS: AFP, AP, REUTERS  -  777 words
    • GOLF
      • 1248 17  -  Expect lots of variety at the six-course Mission Hills Haikou on Hainan Island. By Justine Moss By Justine Moss btnews@sph.com.sg WHEN Mission Hills Golf Club opened in Shenzhen/Dongguan in 1992, its mission, as it were, was to develop a number of signature golf courses by golfing
        1,248 words
    • MOTORING
      • Article, Illustration
        563 18  -  The Ford Kuga is a ruggedly handsome hatchback that is solid, powerful and nimble. By Samuel Ee By Samuel Ee samuelee@sph.com.sg FORDstyling oflatehasalways managed to convey a certain muscularity and attitude, even on its smaller hatchbacks. The new Kuga FORDstyling sport-utility vehicle is no different. Designed and engineered
        563 words
      • 671 19  -  The A1 e-tron is a plug-in electric car conceived by Audi as a mega city vehicle for congested urban areas. By Samuel Ee By Samuel Ee samuelee@sph.com.sg AUDI’S stated ambition is to be the leader in premium electric cars by 2020 and if you were behind the wheel
        671 words
      • 504 20  -  INNOVATIONSMercedes-Benz demonstrates its pioneering spirit and innovative streak to Samuel Ee Samuel Ee samuelee@sph.com.sg MERCEDES-BENZ held its TecDay Innovations workshop earlier this month in Stuttgart, Germany and among the many new automotive developments unveiled, two stand out a state-of-the-art driving simulator and Magic Body Control for the next
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  • Page 17 Advertisements
    • 21 17 Mission Hills Haikou, No 1 Mission Hills Boulevard, Haikou, Hainan Island, China Z (86 898) 6868 3888 Email: info@missionhillschina.com Website: www.missionhillschina.com
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