The Business Times, 14 October 2011

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL31669
Total Pages: 33
1 33 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Friday, October 14,
    23 words
  • Article
    Lock icon SIA, Virgin Australia told it’s okay to join hands
    639 1  -  Australian demand will help SIA fill its planes to India, China By VEN SREENIVASAN [SINGAPORE] At least one Singapore carrier has reason to smile in Australia. The Australian Competition and Consumer Commission (ACCC) has given a preliminary nod to the proposed
    639 words
  • Article
    Lock icon MARKETS DIGEST
    142 1 HST INDEX 2,733.97 (-3.78) HST INDEX FUTURES 2,733.00 (-4.00) HSIMSCI 313.55 (-1.81) HSIMSCI FUTURES 314.30 (-0.50) FOREX US$ S$ US$ (S$ per US$) 1.275 (US$/S$ per 1.574 2.007 EURO (US$/S$/E) 1.381 1.760 Foreign currency per US$ S$ YEN 77.10 60.50 RM 3.135 2.459 HK$ 7.779 6.102 BAHT 30.79
    142 words
  • Article, Illustration
    Lock icon Thailand counts cost of deadly downpour
    899 1  -  GDP estimates slashed; Toyota, Honda plants remain shut as parts run out By NISHA RAMCHANDANI [SINGAPORE] Thailand’s economy appears in danger of sinking as the rains refuse to let up and floods threaten to inundate the low-lying capital. The rest of the world, too,
    REUTERS  -  899 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      129 1 PRIVATE BANKING Wealth managers take the rough with the smooth PAGE 2 WINE California dreaming PAGE 29 EXEC LIFESTYLE Asian cinema gets sexy PAGE 25 ECONOMY Asian growth expected to remain robust: IMF PAGE 9 *****1 *****4 GENEVE Creator of dreams wpnmbel omatic, 18K White Gold with 12 Rotating Diamond
      129 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      599 2 Thailand counts cost of deadly downpour THAILAND’S economy appears in danger of sinking as the rains refuse to let up and floods threaten to inundate the low-lying capital. The rest of the world, too, may have to pay a price as car production in Thailand, which feeds many
      599 words
    • Article, Illustration
      Lock icon Wealth managers take the rough with the smooth
      587 2  -  Fresh challenges abound, but the Asian growth story proves irresistible PRIVATE BANKING By EMILYN YAP [SINGAPORE] Beneath the rosy picture of growing wealth in Asia, some grim realities have emerged for private banks looking to mine more riches. Margins in the sector
      BLOOMBERG  -  587 words
    • Article
      Lock icon Warming to stocks and shares
      445 2  -  Outlook for property challenging in 2012 and 2013: Merrill By GENEVIEVE CUA [SINGAPORE] Wealthy individuals in the Asia-Pacific region are expected to trim their exposures to real estate and invest more in equities next year. A surge in property prices in 2010 helped to boost
      445 words
    • Article, Illustration
      Lock icon It’ll just be Coutts as rebranding drops 'RBS'
      366 2  -  By EMILYN YAP [SINGAPORE] RBS Coutts, the private banking arm of The Royal Bank of Scotland (RBS), will be rebranding itself as Coutts next month. The move brings back to the fore a historic name with a heritage of more than 300
      366 words
    • Article
      Lock icon Auditor-General ticks off errant agencies
      487 3  -  Advance payments improperly made and other lapses highlighted in report By CHUANG PECK MING [SINGAPORE] The Ministry of Defence (Mindef) has apparently failed to heed a government directive which says that, normally, payments should be made only after goods are delivered or services rendered satisfactorily
      487 words
    • Article
      Lock icon US Congress passes FTAs with S Korea, Colombia, Panama
      612 3 AP [WASHINGTON] The US Congress approved free trade agreements (FTAs) with South Korea, Colombia and Panama on Wednesday, ending a fouryear drought in the forming of new trade partnerships and giving the White House and Capitol Hill the opportunity to show
      AP  -  612 words
    • Article
      Lock icon First DBSS flats in west to go on sale from next Tuesday
      338 3  -  By CONRAD TAN [SINGAPORE] The first HDB flats under the Design, Build and Sell Scheme (DBSS) in the west of the island will go on sale next Tuesday at prices ranging from $360,500 for the smallest units to
      338 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      17 2 $35perpersonweekday set lunch at Long Beach Seafood Restaurant Famousforitsaward-winingseafooddishes,LongBeachSeafood RestaurantcelebratesTheBusinessTimes'35thanniversarywithaspecial weekdaysetlunchmenuat$35perperson.Eachparticipatingoutletwill presentitsownexclusivesetmenuitems. THEBUSINESSTIMES th BesuretogetacopyofTheBusinessTimesWeekendtomorrowformoredetails. Anniversary Diningdeals
      17 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      29 2 u 5 C FIND THE ONES THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise, rw 1 I C L
      29 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      109 3 /7AM?//? DESIGNED FOR YOU "What a great repertoire a daily shortcut to over 50 European cities." Min Lee, violinist Singapore BUSINESS CLASS TO EUROPE STARTING FROM $4888 *Actual fare depends on destination and available booking class and may vary due to currency fluctuations. www.finnair.sg i .0 CS m 7 i
      109 words
Page thumbnail Page 4
  • COMPANY NEWS
    • Article
      Lock icon Yangzijiang, open up on micro-lending
      803 4  -  HOCK LOCK SIEW By LYNETTE KHOO THE slew of corporate failures in Wenzhou, China’s entrepreneurial hub in Zhejiang province, has sparked fears that the informal lending bubble has burst. One S-chip that has docked itself into this shadow banking sector and could potentially be pulled
      803 words
    • Article, Illustration
      Lock icon Region’s market outlook still positive: banker
      406 4  -  Blow from volatility less damaging than in other parts of world By CONRAD TAN SENTIMENT worldwide has taken a beating due to violent swings in financial markets, but the outlook for capital markets in South-east Asia remains positive, according to a senior Credit Suisse
      FILE PHOTO  -  406 words
    • Article
      Lock icon CMMT reports 26.9% increase in Q3 DPU
      360 5  -  By JAMIE LEE CAPITAMALLS Malaysia Trust (CMMT) posted a 26.9 per cent year-on-year increase in its third-quarter distribution per unit (DPU), thanks to stronger revenue contributions from Gurney Plaza Extension. DPU rose to 1.98 sen for the three months ended Sept 30, 2011,
      360 words
    • Article, Illustration
      Lock icon CCT’s Q3 distributable income falls 7.8%
      460 5  -  Drop is partly due to negative rent reversions, which are expected to continue into 2012 By UMA SHANKARI OFFICE landlord CapitaCommercial Trust (CCT) yesterday reported that third-quarter distributable income fell 7.8 per cent from a year ago, as it saw negative rent reversions from
      FILE PHOTO  -  460 words
    • Article
      Lock icon Nico Steel’s interim earnings plunge 35%
      406 5  -  Turnover rises but gross margin falls mainly due to higher metal prices By MICHELLE TAN DESPITE a 35 per cent jump in revenue for the half year ended Aug 31, 2011, Nico Steel Holdings suffered a 35 per cent drop in net profit as
      406 words
    • Article
      Lock icon China Yuanbang buys mainland developer
      372 7  -  Separately, handset maker Longcheer sells equipment By CONRAD TAN CHINA Yuanbang Property Holdings is acquiring a 51 per cent stake in a Chinese property developer for up to 222 million yuan (S$44.5 million). Separately, another Chinese company mobile handset maker Longcheer Holdings is selling a
      372 words
    • COMPANY BRIEFS
      • Article
        Lock icon Jackspeed reports interim profit
        103 7 JACKSPEED Corp earned a net profit attributable to shareholders of $34,000 for the first half year to end-August, an improvement from its $647,000 loss a year ago. Profit from continuing operations was $425,000 while loss from discontinued operations was $182,000, resulting in net earnings of $243,000.
        103 words
      • Article
        Lock icon Swing Media to raise $9.3m from placement
        74 7 SWING Media Technology Group plans to raise as much as $9.3 million in net proceeds through a placement of up to 60 million new shares at 16.25 cents each. The funds raised will be used as working capital to fund its existing business
        74 words
      • Article
        Lock icon Magnus Energy audit opinion qualified
        83 7 MAGNUS Energy Group’s auditor has issued a qualified opinion of the group’s financial statements for the year to June 30, 2011, citing difficulties in assessing the value of the group’s coal concession rights due to ongoing legal proceedings relating to its ownership interest in a
        83 words
      • Article
        Lock icon UOA unit in deal to buy KL site
        60 7 UNITED Overseas Australia said its majority controlled entity, UOA Development Bhd, has entered into a sale and purchase agreement for a 9.8 acre site, located less than 10 kilometres from Kuala Lumpur City Centre. UOA plans to develop the land into a
        60 words
      • Article
        Lock icon Sinopipe subsidiary has new Beijing unit
        55 7 SINOPIPE Holdings says its majority-owned subsidiary, Fujian Aton Advanced Materials Science and Technology Co Ltd, has incorporated a wholly owned subsidiary in Beijing. Beijing Aton Plastics Co Ltd, with a paid-up share capital of three million yuan (S$603,312), will produce and sell plastic pipes
        55 words
    • Article
      Lock icon SMEs’ 6-month outlook turns cautious, says SBF
      356 7  -  Index in steepest sequential drop, to 51 from 57, on global uncertainty By WINSTON CHAI LOCAL small and mediumsized enterprises (SMEs) have issued a gloomier business prognosis for the next six months, reflecting continued economic uncertainty in Europe and the US. The latest
      356 words
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      2546 4 thebusinesstimeswww.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 weekend www.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 the raffles conversation CAREER DIPLOMAT BARRYDESKER 12-13 cheap funds Local banks to slash savings ratesDBS Bank, OCBC DBS Bank and UOB will offer amere 0.05 per cent mere come October, even asHSBC and
      2,546 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      608 5 BRUNEI DARUSSALAM THE BRUNEI ECONOMIC DEVELOPMENT BOARD Consultancy Services to Develop a Master Plan for an Integrated Marine Supply Base OPEN INVITATION FOR TENDERS TENDER REFERENCE NO:TC 1 1 06 00 The BEDB, in collaboration with the Energy Department at the Prime Minister's Office, intends to develop an Integrated Marine
      608 words
    • Advertisement
      Lock icon Page 5 Advertisements Column 2
      99 5 GNC LIVE WELL. Hizhi Energy all day long! X fct/e t/le <J&/idJouS paacJi -fta/our-! Stefanie Sun International Artiste i.zhi, Cordyceps Lingzhi power cocktail For Energy Immunity Promotion ends October 6281 5688 or 6757 4403 o www.gnc.com.sg iruivn 8 .'^9 *+rV I eW 1 "V MANDARIN GALLERY +65 6732 9880 RAFFLES
      99 words
Page thumbnail Page 6
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Weak Europe, Dow futures hit STI
      585 6  -  Index ends with a 3.78 points loss at 2,733.97 for its first negative finish in six days STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) yesterday mounted a spirited attempt at a sixth consecutive positive finish but a weak opening for Europe
      Source: Bloomberg  -  585 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 1 0 0 0 7 5 1 Manufacturing 72 34 37 6 5 5 78 39 42 Commerce 28 14 13 6 0 1 34 14 14 Tpt/Stor/Comms 22 16 6
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 41,405 41,405 141,321 141,321 Manufacturing 277,357 12,686 290,043 260,947 227 261,175 Commerce 181,272 4,686 185,958 147,080 246 147,326 Tpt/Stor/Comms 188,656 3,633 192,289 242,265 244 242,509 Finance 19,750 40 19,790 162,055 8 162,063 Construction 37,495 5,857
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 6 Stock name Close Change CapMallsAsia 1.280 +0.030 CapitaLand 2.520 +0.010 CapitaMall 1.880 +0.035 CityDev 10.000 +0.100 ComfortDelGro 1.345 DBS Grp 12.060 -0.270 F&N 5.870 +0.170 GLP 1.595 Genting SP 1.600 +0.005 Golden Agri 0.620 HK Land 4.980 +0.140 JMH 48.600 +1.100 JSH 26.960 +0.150 Jardine C&C
      110 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Oct 13 VALUE CLOSE BT OB/OS 23.00 +192.0 BT CADI -*****.00 +109.0 BT 10-day MA -*****.00 +2.00 FTSE ST Mid Cap 610.21 +4.49 FTSE ST Small Cap 413.45 +4.22 FTSE ST All Share 657.06 +0.44 FTSE ST China Top 189.57 +0.99 FTSE ST China 224.19 +1.08 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME Genting SP 110,769,000 Golden Agri 88,504,000 Sheng Siong 52,658,000 Noble Grp 51,335,000 Yangzijiang 40,578,000 NexGenSCom 40,190,000 Thai Beverage 40,014,000 STXOSV 35,088,000 Yanlord 32,775,000 Midas 32,187,000 VALUE($) Genting SP 179,188,405 Keppel Corp 115,057,895 SingTel 77,761,150 DBS Grp 75,447,100 Noble Grp 74,426,830 SembMar 63,283,800 Golden Agri 55,139,615 Wilmar
      57 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon First Resources
        438 6 Oct 13 close: $1.28 CITI INVESTMENT RESEARCH, Oct 12 SEPTEMBER volume growth appears highly skewed given fewer working days in August. At a glance, September crude palm oil (CPO) production of 50k tonnes seemed substantially strong at 35 per cent y-o-y and 28 per cent m-o-m. However, it
        Source: Bloomberg  -  438 words
      • Article
        Lock icon S i2i
        317 6  -  Compiled by JAMIE LEE Oct 13 close: $0.047 KIM ENG RESEARCH, Oct 13 FORMERLY known as Spice i2i or Mediaring.com, S i2i is a telecommunications service provider with a strong focus on mobile Internet solutions. The company is evolving from just a backend IP communications business into a
        317 words
      • Article
        Lock icon Glossary:
        135 6 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        135 words
    • Article, Illustration
      Lock icon Euro holds steady as debt crisis fears ease
      432 6 CURRENCIES AFP [TOKYO] The euro held steady in Asia yesterday after the European Union (EU) called for an “urgent” recapitalisation of banks, in a sign of progress in dealing with the eurozone’s sovereign debt crisis. The currency firmed to US$1.3801 in Tokyo
      AFP; BLOOMBERG FILE PHOTO  -  432 words
    • Article
      Lock icon RISES
      111 6 BY CENTS CLOSE UP Lyxor AsiaCS 10US$ 4895 503.6 8.8 DBXT Nifty 10US$ ***** 409.2 3.1 DBXT SPASX200 10US$ 3178 192.5 5.0 IS S&P500 ***** 170.8 1.1 JMH 4860 140.2 2.3 DBXT E50 10US$ 3642 133.9 3.0 DBXT DBCBLEB 10US$ 2055 119.8 4.8 DBXT MSEurope 10US$ 4115 119.8 2.3
      111 words
    • Article
      Lock icon FALLS
      121 6 BY CENTS CLOSE DOWN DBXT AUD Bonds 5AU$ *****-250.0 -1.1 GLD 10US$ ***** -30.6 -0.1 DBS Grp 1206 -27.0 -2.2 UOB 1738 -26.0 -1.5 DBXT MSJAP 10US$ 3602 -17.9 -0.4 SIA 1128 -14.0 -1.2 OCBC Bk 828 -12.0 -1.4 SIA 200 1124 -11.0 -1.0 Hyflux 6% CPS 10 *****
      121 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      0 7 ~*-;(~\{/']_~@~|}>(+`/*^+$/$:}$
      0 words
    • Advertisement
      Lock icon Page 7 Advertisements Column 2
      232 7 Enjoy Immediate Rental Returns! FROM KUALA LUMPUR rw-SOUTH 7 GHWAY TO JOHOR BAHRU TAMAN SRI PULAI TO PONTIAN TO SENA1/KULAI/KL MDJBT TAMAN BUILDING UNIVERSIT1 B M PONTIAN/UTM JUNCTION iRT I •'Si II PULAI S RINUS *11' MA I PETRONAS PETROL STATION DfOr IA I 0 LPI A7A SECOND LINK BANDAR
      232 words
Page thumbnail Page 8
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Accor tipped to manage hotel at ex-Ogilvy Centre
      357 8  -  By KALPANA RASHIWALA ACCOR is tipped to manage the new hotel at the former Ogilvy Centre conservation building opposite Lau Pa Sat in the Central Business District. Sources say that Accor will operate the hotel under its luxury brand, Sofitel. There are
      FILE PHOTO  -  357 words
    • Article
      Lock icon More publicly funded U places in pipeline
      323 8  -  By CHUANG PECK MING EVEN more university places funded by public money will be created after 2015, the Ministry of Education says in its Addendum to the President’s Address released yesterday. “A committee has set up to study how to do this, so
      323 words
    • Article, Illustration
      Lock icon NTUC resolutions get strong support from delegates
      302 8  -  By NISHA RAMCHANDANI UNIONISTS have thrown their full support behind a resolution for management to work closely with unions so that gains from higher productivity are shared with workers through better jobs and better wages. The resolution one of three passed at the
      302 words
    • Article
      Lock icon Tougher rules for moneylenders from next month
      368 8  -  Curbs placed on form and content of advertisements; new licensing conditions imposed By KELLY TAY ALL 260 licensed moneylenders in Singapore will soon have to abide by more stringent advertising and marketing rules, alongside tighter licence conditions. Senior Parliamentary Secretary for Law Sim
      368 words
    • Article
      Lock icon Government to help boost tech IP creation
      390 8  -  Start-up sector is growing healthily, says Chee Hean Reports by VICTORIA HO THE government is keen on raising the level of locally generated intellectual property (IP) here within the tech space, and has made commitments towards funding start-ups. Kicking off the Techventure 2011
      390 words
    • Article, Illustration
      Lock icon Tech firms should not look to govt funding: venture capitalist
      454 8 THE benefits of private investment against public funding were debated at the Techventure 2011 conference yesterday. Tim Draper, founder of global venture capital (VC) firm Draper Fisher Jurvetson, told the media that tech companies are better off seeking funds from
      454 words
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      182 8 MACAU T IH IE RIGHT M II X O F BUSINESS LEISURE a--.'■ K i; «j m 5S, M I Macau is Asia's newest and most exciting destination for meetings and incentives with billions of dollars worth of new infrastructure underway. Nowhere in Asia has there been so much investment
      182 words
Page thumbnail Page 9
  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Euro crisis proves Swiss were right: populist party
      571 9 Reuters [ZURICH] The debt crisis shows that Switzerland was right to stay out of the European Union, but it is not immune to the problems in the single-currency bloc, Switzerland’s former justice minister and mastermind of the populist Swiss People’s Party (SVP)
      Reuters; REUTERS  -  571 words
    • Article
      Lock icon Aussie unemployment rate falls for 1st time since March
      358 9 Bloomberg [SYDNEY] Australia’s unemployment rate fell for the first time since March as employers added double the workers economists forecast, boosting bond yields and sending the local currency to a three-week high. The number of people employed rose by 20,400, from
      Bloomberg  -  358 words
    • Article
      Lock icon Gulf banks shift focus away from easy loans
      423 9 IHT [DUBAI] After operating in an environment of restricted lending over the past few years, executives at Gulf banks say they have shifted their focus away from easy loans towards cultivating customer loyalty that holds long-term promise. Lending accounted for the bulk
      IHT  -  423 words
    • Article
      Lock icon Asian growth expected to remain robust, says IMF
      513 9  -  Report cites strong domestic demand offsetting impact of external factors By ANTHONY ROWLEY in Tokyo THE International Monetary Fund said yesterday that it is sticking to its forecast of continued robust economic growth across Asia this year and the next, despite recent
      513 words
    • Article
      Lock icon Korea holds base rate steady for 4th month
      262 9 Reuters [SEOUL] South Korea’s central bank held its policy interest rate steady for a fourth consecutive month yesterday, as expected, trapped between risks from weakening global growth and stubbornly high inflation at home. Analysts surveyed early this week had predicted the Bank
      Reuters  -  262 words
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      2137 9 [SAliS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg M A G N U S E N E R G Y MAGNUS ENERGY GROUP LTD. (Company Registration No. *****1375M) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of MAGNUS ENERGY
      2,137 words
Page thumbnail Page 10
  • MALAYSIA/INDONESIA
    • Article
      Lock icon Australia drops refugee-swap deal with Malaysia
      329 10 Reuters [CANBERRA] Australia’s government abandoned a refugee-swap deal with Malaysia yesterday and said it would now process asylum seekers on Australian soil in a major policy back-flip that heads off an embar- rassing defeat in Parliament. A day after she celebrated passing landmark carbon
      Reuters  -  329 words
    • Article
      Lock icon Think-tank cuts M’sia growth forecast to 4.6%
      510 10  -  Budget unveiled last week not enough to overcome external weakness: Mier By S JAYASANKARAN in Kuala Lumpur BOWING to reality, the Malaysian Institute of Economic Research (Mier), a Kuala Lumpur-based independent think-tank, cut Malaysia’s 2011 growth forecast to 4.6 per cent from 5.2
      510 words
    • Article
      Lock icon Glencore may help Bakrie refinance loan
      505 10 Reuters [HONG KONG] Glencore, the world’s biggest commodities trader, is expected to sign a deal within days for a US$800 million to US$900 million loan to Indonesia’s Bakrie Group to help it refinance a US$1.35 billion facility that became unexpectedly due, sources said yesterday.
      Reuters  -  505 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      487 10 Tascinatvnfi MoCuCaysT& Stop Dreaming, start experiencing... 3N Romance Love Maldives Kurumba fr$1 288 Velassaru +1N FREE fr$1 468 Holiday Inn Kandooma fr$1 368 Sheraton Fullmoon+1N FREE fr$1 618 Hilton Irufushi fr$1 928 Anantara Dhigu+1N FREE frS2088 2N Luxury Retreats Phuket 3D Ultimate Retreats Bali Semara Resort Spa fr$498 Karma Jimbaran
      487 words
Page thumbnail Page 11
  • GREATER CHINA/INDIA
    • Article
      Lock icon China’s trade surplus falls in Sept
      636 11 Falling exports and imports may ease pressure from US for yuan appreciation Reuters [BEIJING] China’s trade surplus narrowed for a second straight month in September as both imports and exports were lower than expected, reflecting global economic weakness and domestic cooling that will deepen
      Reuters  -  636 words
    • Article
      Lock icon China may create agency to facilitate lending to SMEs
      411 11 Reuters [BEIJING] China’s Cabinet is considering creating a government agency to facilitate lending to cash-strapped small and medi-um-sized enterprises (SMEs) that have been driven to loan sharks and shadow banks by a Beijing-led credit clampdown, two independent sources said. Many of
      Reuters  -  411 words
    • Article
      Lock icon India’s two-year bond yields rise at slower pace
      368 11 Bloomberg [NEW DELHI] India’s two-year bond yields are rising at a slower pace than longer-term notes in the country, Asia’s worst performing debt market, as the prospect of slower inflation increases the scope for in-terest-rate cuts. Yields on notes due in 2013
      Bloomberg  -  368 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      323 11 SPARKLING SUNDAY BRUNCH AT PREGO Indulge in a leisurely Sunday brunch buffet at Prego with a wide variety of palate-enthralling European brunch favourites comprising seafood on ice, salad, pizzas, main courses and desserts. Kids will be entertained at their own corner complete with a mini buffet and activities. Available every
      323 words
Page thumbnail Page 12
  • WORLD
    • Article, Illustration
      Lock icon Pimco increases holdings of mortgage debt
      524 12 Move follows Fed’s announcement it’ll reinvest in mortgage backed securities Reuters [NEW YORK] Bill Gross, manager of the world’s largest bond fund, ramped up buying of mortgage backed securities in September on the likelihood the Federal Reserve’s reinvestment programme in those securities will boost
      Reuters  -  524 words
    • Article, Illustration
      Lock icon Buffett reveals US$62.8m income, issues challenge
      424 12 AFP [WASHINGTON] US mega-billionaire Warren Buffett challenged other wealthy Americans, including News Corp magnate Rupert Murdoch, to bare their income and tax details when he revealed his own in a letter released on Wednesday. In the letter to a congressman, Mr Buffett, the world’s
      AFP; PHOTO: BLOOMBERG  -  424 words
    • Article
      Lock icon Julius Baer to buy Asia wealth unit of Macquarie
      195 12 Reuters [ZURICH] Swiss private bank Julius Baer yesterday said it will take over the US$1 billion Asian private wealth business of Macquarie Group, part of a strategic partnership in North and South-east Asia with Australia’s top investment bank. Under the agreement,
      Reuters  -  195 words
    • Article, Illustration
      Lock icon Temporary Aussie ban for Galaxy tablet
      539 14 Court says Samsung has a case to answer on Apple patents AP [SYDNEY] A court yesterday slapped a temporary ban on the sale of Samsung Electronics’ latest computer tablet in Australia, handing rival Apple another legal victory in the two firms’ global patent war.
      AP; BLOOMBERG  -  539 words
    • Article
      Lock icon World Bank flags skills-education mismatch in Asia
      607 14  -  Many countries risk stressing quantity over quality in higher education By ANTHONY ROWLEY By in Tokyo THERE is often a serious mismatch between the type of higher education being provided to students in low and middle-income Asian countries and the skills they need
      607 words
    • Article, Illustration
      Lock icon RIM struggles to restore service on 5 continents
      607 15 BlackBerry woes come as it fights for foothold in rapidly changing industry NYT [NEW YORK] Research in Motion said on Wednesday that after three days it was still trying to restore service for BlackBerry customers spanning five continents. The service interruptions began
      NYT; AP  -  607 words
    • Article
      Lock icon Trade deficit slips in Aug as exports and imports dip
      383 16 But annual rate is 13% higher than last year; gap with China hits all-time high LATEST US DATA AP Reuters [WASHINGTON] The US trade deficit edged down slightly in August although the imbalance for the year is running well above
      AP; Reuters  -  383 words
    • Article
      Lock icon JPMorgan’s Q3 earnings slip 4%
      348 16 European debt crisis pushes investment banking clients to the sidelines Reuters [NEW YORK] JPMorgan Chase Co’s third-quarter earnings fell 4 per cent as the European debt crisis pushed investment banking clients to the sidelines, but results were helped by an accounting gain the bank can
      Reuters  -  348 words
    • Article, Illustration
      Lock icon DEPICTING VIOLETTA VICTORIOUSLY
      157 16 [VIENNA] French soprano Natalie Dessay singing the title-role of Violetta at the premiere of a new staging of Giuseppe Verdi’s opera ‘La Traviata’ at Wiener Staatsoper here on Monday night. While there was some criticism about the skimpy staging, the production does work well, thanks to inspiring
      AFP  -  157 words
    • Article
      Lock icon Singapore traders’ confidence falls in latest index
      455 16  -  By MINDY TAN [SINGAPORE] Trade confidence levels in Singapore have suffered the largest drop globally, falling 16 points from 121 in May to 105, reflecting a more cautious outlook. According to the latest quarterly HSBC Trade Confidence Index, these conservative numbers were followed
      455 words
    • Article, Illustration
      Lock icon Hedge fund manager gets 11 years’ jail
      568 16 Rajaratnam is also fined US$10m for securities fraud Bloomberg [NEW YORK] Raj Rajaratnam, the Galleon Group co-founder and hedge fund manager whom prosecutors called “the modern face of illegal insider trading” was sentenced to 11 years in prison and a US$10 million fine
      Bloomberg  -  568 words
    • Article
      Lock icon Emergency ECB borrowing for banks continues to be high
      412 16 Reuters [FRANKFURT] Banks have continued to rely heavily on the European Central Bank’s (ECB) emergency funding facility, data showed yesterday, despite having only just received the ECB’s latest weekly injection of limit-free cash. Just under 3 billion euros (just over S$5.3
      Reuters  -  412 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      1914 12 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg WESTMINSTER TRAVEL LIMITED (Incorporated in Singapore with limited liability) (Co. Reg. No: *****4792H) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (the "Meeting") of WESTMINSTER TRAVEL LIMITED (the "Company") will be held at 120 Robinson Road, #08-01,
      1,914 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 2
      152 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF J2 PTE. LTD. COMPANY REG. NO. *****5544G (IN CREDITORS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Cap. 50, that the Final Meeting of the
      152 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 3
      8 12 Localstart-up getsNRFfundingto commercialise quick cancer detection technique Tosubscribe,call6388-3838orgotosphsubscription.com.sg
      8 words
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      6326 13 MATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Singapore m m workforce WUA gsr 011 CALL FOR PROPOSAL (CFP) The Singapore Workforce Development Agency (WDA) invites prospective providers to submit proposal for: CFP No.: WDA.CPSD.14.41.12.C.V1 Project Title: CFP for the Appointment of Continuing Education and
      6,326 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 2
      73 13 NOTICE OF INTENTION TO DECLARE DIVIDEND Name of Company Electroglas Private Limited (In Creditors’ Voluntary Liquidation) (Co. Reg. No. *****0150D) Address of Registered Office 21 Merchant Road #05-01 Royal Merukh S.E.A. Building Singapore *****7 Last Day of Receiving Proofs 28 October 2011 Names of Liquidator Yiong Kok Kong Address of
      73 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      1316 14 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg ASIA-PACIFIC STRATEGIC INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) (Registration No. *****9901H) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held atAntica I, Level 2, Orchard Parade Hotel, 1 Tanglin Road,
      1,316 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 2
      97 14 MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES IN THE MATTER OF COMPANIES ACT, CAP 50 TANGERA PTE LTD (REGISTRATION No. *****8119N) (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the CompaniesAct,Cap50theFinalMeetingoftheCompanywillbeheldat 101 Cecil Street #16-05 Tong Eng Building S(*****3) on the 14 NOV 2011 at
      97 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 3
      512 14 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF E.K. DEVELOPMENTS PTE LTD (IN CREDITORS’ VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****1559R) Notice is hereby given that pursuant to Section 308 of the Companies Act (Cap.50), the final general meeting of the Company and of its
      512 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      122 15 $248.7 BILLION WERE SPENT BY TOURISTS VISITING ASIA PACIFIC* CNBC is proud to introduce CNBC's Travel Business Leader Award in Asia Pacific the ultimate recognition for the business leader who sets new benchmarks, and drives leadership in the ever-growing travel and tourism industry. O >, ATBLAw KNOWLEDGE PARTNER RESEARCH PARTNER
      122 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      710 15 SOCEDRAOG O ©EDGCDTQ MTOO^OA \5? 41 Ss it CzP m y, m m *5 A month-long Celebration of Asia's Cuisines, Culture and Lifestyle Savor Asia's finest from |fl|| 1 30 November 2011 »c i Gourmet Signatures Cuisine of Chef David Du 1 6 Nov Lunch Dinner mezza9 Cuisine of Chef
      710 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      59 16 iir>J (•aliri6100.0080 THEiLEADING BUNGALOW SPECIALIST, M DalyeyjEst ate .*****;/ k 6 8 o o. a s k- "(■amden [?a rki *****,9qoo.ask $2sM *****7.5oooask-$33M 8 H iKS L dSMfaaflMhlUHrrfhtigg^ v L':***** Nostalgic Cottage (a) Kilburn Estate Buildan empire on this 2650osqft land? sprawling through a hilltopvvith a view rSwetten ha m.
      59 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 2
      44 16 talria 1 THE HEARTBEAT OF THE INDIAN COMMUNITY STUDY SINGAPORE Why are so many Indians opting to study here? JAGJ1T SINGH: BORN A MAN, DIED A LEGEND OSB tabla! WRITER FACES MURALI'S DOOSRA GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
      44 words
Page thumbnail Page 17
  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Qantas cuts 100 flights a week; strike drags on
      574 17 5 aircraft grounded for a month; unions say airline waging war against workers AFP [SYDNEY] Qantas yesterday said it would cut nearly 100 flights a week and ground five aircraft for at least a month amid a bitter industrial row, as
      AFP  -  574 words
    • Article
      Lock icon Hurricane Jova hits Mexico’s main Pacific port
      477 17 Reuters [PUERTO VALLARTA, Mexico] Hurricane Jova flooded the streets of Mexico’s main Pacific port with torrential rain on Wednesday, inundating popular beach resorts and killing at least four people in mudslides. While Jova ravaged the coast, a tropical depression to the southeast prompted
      Reuters  -  477 words
    • Article, Illustration
      Lock icon Bold bid to pump oil from listing ship
      680 17 AFP [TAURANGA, New Zealand] A salvage crew yesterday made a daring landing on a crippled container ship leaking oil off New Zealand, as the vessel’s owners apologised for the country’s worst sea pollution crisis. A helicopter winched the salvage workers onto the
      AFP; AP  -  680 words
    • Article
      Lock icon Pratt to buy Rolls share of engine venture
      439 17 Move may pave way for new pact to build midsize engines Bloomberg [SEATTLE] Pratt Whitney will pay US$1.5 billion for Rolls-Royce Group Plc’s share of a jet-engine venture that spawned lawsuits, as the companies find common ground to form a new partnership
      Bloomberg  -  439 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      137 17 Building a vibrant, enlightened and empowered investor community SIAS 70,000 members welcome the following elected SIAS Management Committee for the term September 2011 to September 2013 Mr. David Gerald President SIAS Mr. Siow Chai Sheng Vice President (Retired Investment Advisor) Mr. Loh Uantchern Honorary Secretary (President, Institute of Internal Auditors
      137 words
Page thumbnail Page 18
  • EDITORIAL & OPINION
    • Article
      Lock icon Beijing weathers the storm, gingerly
      482 18 EDITORIAL CHINA is not in a particularly happy place right now. The recently released September trade data was surprisingly weak with exports, imports and trade balance all well below market consensus. Year-on-year exports and imports grew 17.1 per cent and 20.9 per cent respectively, while
      482 words
    • Article, Illustration
      Lock icon Euro a victim of Europe’s ambitious politicians
      831 18  -  THE BOTTOM LINE DAVID MASON The writer was a partner with Price Waterhouse Singapore for 18 years. He now runs his own consultancy in business communications in the UK. He spends several months a year with clients in Singapore. Email: david.mason466@btinternet.com THE continent
      831 words
    • Article, Illustration
      Lock icon Marketers in search of Asian insights
      983 18  -  They are ramping up programmes, not just in resource terms but in creative ways too By BALA SHANKAR The writer is adjunct professor at SMU and NTU and founder director of NPS International School MARKET research is a very old concept that has passed
      BLOOMBERG  -  983 words
    • Article, Illustration
      Lock icon The conning of Barack Obama
      1346 19  -  A controversial new book claims that the idealistic president has been systemically thwarted in his reform programmes LEON HADAR Washington Correspondent EVEN in the age of 24/7 news when the most recent gossip in the blogosphere can ignite neverending debate on cable TV news shows,
      AFP  -  1,346 words
    • Article, Illustration
      Lock icon The backlash against the rich in America
      861 19  -  ROBERT SAMUELSON THE context for Occupy Wall Street and proposals to tax the rich “rich” being constantly redefined is the broader issue of economic inequality. For years, liberal politicians, academics and pundits have complained about growing inequality, but their protests barely resonated with
      REUTERS  -  861 words
Page thumbnail Page 19
Page thumbnail Page 20
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8100 20 Transaction date: Oct 13 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 21 12 8Telecom 12.5 unch 2 12.5 12.5 12.5 15.5 7.8 4.9 2.6 59.9 9.5 4.1 A-Sonic 4.6 4.6 5.1
      8,100 words
    • Article
      Lock icon SGX CATALIST
      1534 21 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 34 13 t 800 Super 14.9cd -0.1 91 15 14.9 14.3 14.9 4.7 3.7 5.8 26.6 5.5 2.5 t AA Grp 2.5 2.5 2.9
      1,534 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      10095 21 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.09/ APS Alpha Fund (USD)!** 0.85/ AXA Life Secure Ascent 2020 Fund 0.9957/0.9957 AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.6/ Aberdeen Asset Mgt Asia Limited American Opp 0.5956/ Asian Credit Fund
      10,095 words
    • Article
      Lock icon GLOBALQUOTE
      231 21 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A38 39 46 3.6 9.2 3 99 53 25.5 Genting HK US$ US28 unch ***** 28.5 27.5 27.5 28 1843.7 18 10 OGL Resources
      231 words
    • Article
      Lock icon SGX ETF
      865 21 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 119xd 117 121 543.2 1261 856 CIMBAsean40 100US$ US951 +17 48 956 910 942 952 38 350 259 DBS STI
      865 words
Page thumbnail Page 21
Page thumbnail Page 22
  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 22 In local curr In S$ In US$ dy yr dy yr dy yr Oct 12 Index Change Change Change Change Change Change World Index Preliminary 818.2 1.3 -8.9 1.1 -8.3 1.7 -7.9 EAFE Preliminary 687.8 1.0 -14.1 1.2 -12.3 1.8 -11.9 Europe Preliminary 1021.2 1.6
      374 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 22 CRUDE OIL PRODUCTS Oct 12 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.17 2.29 WTI (Near Mth) 85.36 -0.53 Dubai (1-Mth F) 103.51 2.15 Tapis blend 118.97 3.47 Minas 111.97 3.47 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.64 3.67 Jet Kerosene 121.75 0.75 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon CHICAGO BOT
      107 22 Oct 12 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 11 1239.50 1235.50 1246.75 1211.50 Jan 12 1249.50 1246.25 1257.25 1222.25 Mar 12 1257.00 1255.00 1265.25 1235.50 May 12 1262.50 1261.75 1270.00 1239.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 11 51.60
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      79 22 Oct 13 Oct 13 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 12.01.2012 0.24 0.25 0.25 1-Year BY*****X 02.05.2012 0.22 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.60 5-Year N*****0W 1.125 01.04.2016 102.64
      79 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      454 22 Oct 13 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4550 0 1440 Mar12 99.3900 0 3458 Jun12 99.3600 0 1201 Sep12 99.3450 0 759 EUROYEN TIBOR FUTURES Dec11 99.6725 99.6725 99.6725 99.6725 550 2160 Mar12 99.6625 400 2378 Jun12 99.6650 0 1470 Sep12 99.6625 0
      454 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      118 22 As on 12 October 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold DEC-11 1692.50 1665.80 1678.60 1661.2 Silver DEC-11 33.075 32.050 32.695 32.065 CURRENCY US DOllar-Jap Yen DEC-11 77.41 76.40 77.30 76.65 Euro-US Dollar DEC-11 1.3823 1.3593 1.3805 1.3656 Aust-US Dollar DEC-11 1.0122
      118 words
    • Article
      Lock icon SGX FUTURES
      160 22 Oct 13 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Nov 11 426.0 422.0 423.8 6 251 Dec 11 426.0 422.0 425.1 15 395 Jan 12 425.5 237 Feb 12 427.0 149 Mar 12 428.9 245 Apr 12
      160 words
    • Article
      Lock icon LONDON METALS
      69 22 Oct 12 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2214.00 2195.50 3 months 2248.00 2231.00 Copper, Grade A (US$/tonne) Cash 7507.75 7271.75 3 months 7525.00 7290.00 Lead (US$/tonne) Cash 2061.00 1378.50 3 months 2070.00 1985.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article
      Lock icon LIFFE
      83 22 Oct 12 COCOA (£/tonne) Close Prev High/Low Dec 11 1687 1688 1707/1681 Mar 12 1708 1712 1731/1700 May 12 1725 1728 1746/1720 Jul 12 1742 1743 1761/1736 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1926 1890 1941/1892 Jan 12 1950 1913 1965/1915 Mar 12 1973 1940 1990/1945 May 12
      83 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2079 22 BONDS, WARRANTS EXTENDED SETTLEMENT Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 45 52.50 31 ASJ Hldgs W*****1 0.5 1 4 36 6.60 4 AlliedTech W*****2 1.7 1 4 25 Aztech Grp W*****3 0.4 -0.1 140 1 20
      2,079 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 22 Oct 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.040 6.518 0.740 7.948 50.030 90.961 0.788 11.814 3.203 1.283 88.754 44.313 1.303 7.992 0.914 30.976 31.460 0.649 1.022 Canada 0.962 6.270
      464 words
    • Article
      Lock icon SIBOR
      82 22 Oct 13 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      82 words
    • Article
      Lock icon PRECIOUS METALS
      138 22 Oct 13 GOLD (US$/oz) Oct 12 Oct 13 Hong Kong 1681.00 1679.00 Oct 11 Oct 12 London 1662.43 1677.97 1663.51 1679.13 Source: Thomson Reuters CAST BAR Oct 13 (S$) Selling Buying Kilobar 73,695.18 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 165 69 5gm 469 343 10gm 837
      138 words
    • Article
      Lock icon PALM OIL
      57 22 Oct 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 11 2865 2842 2865 2865 67 344 Nov 11 2865 2830 2865 2830 340 8921 Dec 11 2859 2844 2868 2834 8095 ***** Jan 12 2870 2846
      57 words
    • Article
      Lock icon STOCK INDEX FUTURES
      29 22 Oct 13 Open High Sett STI Oct 2735 2735 2733 SIMSCI Oct 316.0 318.5 314.3 Taiwan Oct 262.2 265.9 261.9 Source: MF Global (S) Pte. Ltd
      29 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 22 Oct 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3023 1.3029 1.0216 1.0219 Canadian dollar 1.2529 1.2532 0.9828 0.9829 Euro 1.7602 1.7606 1.3808 1.3809 NZ dollar 1.0147 1.0155 0.7960 0.7965 Sterling pound 2.0067 2.0072 1.5741 1.5743
      154 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 22 Oct 13 S$ Bid Offer 1-month 1.2747 1.2749 2-months 1.2746 1.2748 3-months 1.2741 1.2743 6-months 1.2714 1.2721 Source: OCBC
      22 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 22 As at 9am Oct 13 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.33 1.267 Can dollar 1.28 1.231 Euro 1.796 1.727 Sterling pound 2.052 1.974 NZ dollar 1.045 0.996 US dollar 1.3 1.25 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      158 22 Oct 13 Oct 13 $S Offer Bid 0vernight 0.02 0.01 1-month 3/16 1/16 2-months 3/16 1/16 3-months 1/4 1/8 Overnight mode: 0.01 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.50 0.30 3 months 0.60 0.40 6 months 0.80 0.60 9 months 0.95
      158 words
Page thumbnail Page 23
  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5047 23 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
    5,047 words
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      42 23 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? PLACE YOUR AD HERE r THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 1327 To All Shipping Advertisers: Please call Joe Wong at 9620 1327
      42 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      59 24 Shipping lines seeking reliable Can they find your services here in the Shipping Times? I fcU •El i W ti THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your
      59 words
    • Advertisement
      Lock icon Page 24 Advertisements Column 2
      18 24 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES
      18 words
Page thumbnail Page 25
  • executive lifestyle
    • Article, Illustration
      Lock icon THE RISE of sex in Asian cinemas
      1628 25  -  Savvy regional filmmakers are cashing in on the hype and success of Hong Kong’s 3D Sex and Zen: Extreme Ecstasy, reports DYLAN TAN MULTIPLEX screens across the region are steaming up thanks to a wave of filmmakers who are not afraid to explore
      PHOTO-ILLUSTRATION: MOHD KHAIRIE  -  1,628 words
    • CINEMA
      • Article, Illustration
        Lock icon Dumbed down diva
        634 26  -  Ditsy bombshell roles may be thrust upon Anna Faris repeatedly but her acting gravitas keeps spinning box-office gold from almost any yarn, reviews DYLAN TAN LIKE Bridesmaids before it, What’s Your Number is a raunchy no-holds-barred take on the rom-com genre that could have come from the
        PHOTOS: REUTERS, TWENTIETH CENTURY FOX  -  634 words
      • Article, Illustration
        Lock icon Everyman’s digital primer
        958 26  -  MOVIE-DOWNLOAD REVIEW By CHRISTOPHER LIM PressPausePlay is downloadable for free from www.presspauseplay.com INCREASINGLY affordable tools and the reach of the Internet have lowered the barriers of entry for art, in the general sense of the term. Almost anyone can be an artist now. PressPausePlay documents this digital
        958 words
      • Article, Illustration
        Lock icon Paris, when it sizzles
        715 26  -  By GEOFFREY EU MAKING movies in the great cities of Europe is great work if you can get it, and if you’re Woody Allen, you can pretty much get what you want, whenever you want it. In recent years, this most quintessential of New York directors
        SONY PICTURES CLASSICS  -  715 words
    • MUSIC/ENTERTAINMENT
      • Article, Illustration
        Lock icon Asian pop makes waves
        902 27  -  David Foster’s on the prowl for Asian talent as he gets primed to return here on his Asian tour, while pan-Asian girl group Blush seeks to make it in the East and West, reports CHRISTOPHER LIM DAVID FOSTER has been bullish about Asia for a while,
        902 words
      • Article, Illustration
        Lock icon Chou rocks it Loud
        690 27  -  By CHRISTOPHER LIM IT’S no secret that a big chunk of the audience at Unusual Entertainment’s Loud Festival last Friday bought tickets to the line-up just to watch Taiwanese pop king Jay Chou, soit’sonlyfairtojumpstraight tothatportion of the Indoor Stadium gig first even though he actually came
        690 words
      • Article, Illustration
        Lock icon Bjork’s tricked out, keyed up app-album
        778 27  -  Biophilia Bjork Second Wine Ltd Apps (iOS app), Nonesuch (CD release) Rating: B MUSIC CD GAMING REVIEW By CHRISTOPHER LIM THERE’S been a lot of talk over the past few years about how mobile phone and tablet apps are the future for music albums.
        778 words
    • ARTS
      • Article, Illustration
        Lock icon Velvet feel of Venice
        608 28  -  By NATALIE KOH ITALIAN artist Anna Paola Cibin draws inspiration from everything. But nothing strikes her more than the city in which she was born and raised in: Venice. It’s no wonder then that she was chosen toexhibitinItaliaMia–TheItalianArtsCelebration by The St Regis Singapore. This Italian edition
        608 words
      • AROUNDTOWN
        • Article, Illustration
          Lock icon China-Singapore art synergies
          145 28 BOTH China and Singapore have experienced tumultuous changes over the past few decades, economically, socially, and culturally. And in an upcoming exhibition at the Substation, titled Change, three artists from China and five from Singapore will each offer their own interpretation of the notion of change. The
          145 words
        • Article
          Lock icon Floral artistry goes on show
          144 28  -  Compiled by NATALIE KOH In anticipation of local artist Eric Chan’s new works to be exhibited in November, Chan Hampe Galleries is exhibiting a snapshot retrospective of his paintings from 2005 to 2010. Amongst the works featured will be the artist's signature floral paintings that
          144 words
        • Article
          Lock icon Holmes and the Hound
          142 28 Most people have read Sherlock Holmes’ adventures in literature, but how often do you get to see it played out in front of you live? Well, the Stage Club is giving you the chance to next weekend, as they present SirArthurConanDoyle’sThe Houndof the Baskervilles. Adapted by
          142 words
        • Article
          Lock icon Indian masala from stage to plate
          146 28 In a show that mixes performance, video and food, The National Museum of Singapore and Motiroti, an independent theatre company from Britain presents Journeys of Love and More Love. The story revolves around Motiroti’s artistic director, Ali Zaidi, and his struggles in living as
          146 words
      • Article, Illustration
        Lock icon Heng’s heart writ large
        852 28  -  Cultural Medallion award recipients Amanda Heng and Iskandar Jalil hold two milestone exhibitions that document Singapore art’s significant inroads, writes NATALIE KOH CULTURAL MEDALLION award recipient Amanda Heng is known for her works on gender and identity, some of which are provocative. Some may even call
        852 words
      • Article, Illustration
        Lock icon Master potter’s swansong
        572 28  -  By NATALIE KOH WHEN creating the ceramic pots that he is so famous for, 1998 Cultural Medallion award recipient Iskandar Jalil lets his inspiration do the moulding. “When I do my work, I don’t think,”hesays.“It’sbasedonmyinspiration and the works come out without thinking.” “What my clay can do
        PHOTOS: ERNEST GOH, FILE  -  572 words
    • WINE
      • Article, Illustration
        Lock icon California dreaming
        1082 29  -  Napa Valley’s cellars stock some classy vintages, reviews N K YONG MENTION Napa Valley and Robert Mondavi’s namealmost certainly comes up the name which Napa will always be associated with, because it was Bob who put Napa on the world map. Robert Mondavi sadly passed away in May
        1,082 words
      • Article
        Lock icon Dry spell boosts French harvest
        308 29 FRANCE’S wine production may rise to a five-year high after August rain that filled grapes was followed by dry September weather that limited damage from grey mould fungus, the Agriculture Ministry said. The volume of wine produced this year may jump 11 per cent to
        308 words
    • ARTS/BOOKS
      • Article, Illustration
        Lock icon Splices of life
        603 30  -  Audiences were floored at the Da:ns Festival’s cutting-edge choreography of British-based Israeli choreographer Hofesh Shechter’s Political Mother, Thai dancer Pichet Klunchun’s Khon updates and the Spanish National Ballet’s soul-stirring flamenco By LYNN KAN THE audience who went for a dance performance at the Esplanade Auditorium last weekend
        603 words
      • Article, Illustration
        Lock icon Fluid tug of war
        443 30  -  By NATALIE KOH IT’S a classic battle of good versus evil. The good in white, the evil in black, and there you have Black and White by Thai danc-er-choreographer, Pichet Klunchun. Simpleasitsounds,thechoreography at the Esplanade Theatre Studio last Friday night certainly wasn’t, and the dancers’ sculpted
        443 words
      • Article, Illustration
        Lock icon Stomping Spanish feats
        522 30  -  By CHEAH UI-HOON FLAMENCO’S rhythmic footwork, sensuous moves and live guitar-and-voice music are some of the reasons its fans love this national dance of Spain. Take those away and what you have is a kitschy dance with its soul sucked out. That’s what the first piece of
        522 words
      • Article, Illustration
        Lock icon Contrived guilty pleasure
        670 30  -  Snowdrops A D Miller Atlantic 320 pages $13.95 Rating: C+ BOOK REVIEWS: MAN BOOKER SHORTLIST By CHRISTOPHER LIM ESCAPIST pulp fiction is a great way to step into someone else’s shoes for a moment and explore worlds of beautiful women, flawed men, dangerous mafia and exotic destinations.
        670 words
      • Article, Illustration
        Lock icon Pidgin takes flight
        697 30  -  Pigeon English Stephen Kelman Bloomsbury UK 288 pages $30.95 Rating: B+ By CHRISTOPHER LIM SELF-CONSCIOUS cleverness can be irritating, and the title of Stephen Kelman’s novel is almost too clever for its own good. After all, Pigeon English is about pidgin English, pigeons, pigeons’ English, and England.
        697 words
  • Page 25 Advertisements
Page thumbnail Page 26
Page thumbnail Page 27
  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      314 27 CRYPTIC CROSSWORD Across 1 Windbag Ali does a shuffle, playing by the rules (3-7) 6 Weightlifter is a card (4) 10 Old coin Romeo found in butter (5) 11 Accept responsibility for advance that’s sterile (4,5) 12 Not one chain of mountains but another (8) 13 Sham attempt back in
      314 words
Page thumbnail Page 28
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Lock icon Page 29 Advertisements Column 1
      77 29 LES AMIS DU CREDIT SUISSE saw C- i—i 1 I k jSL r =^i > j I "A /-S artr useurr rna -ihiiifJtl4 -"-■A■•■■;,. __.Vi mmMmm IBy V T-V «,asiai« V- -'C '-VI w." $5 B&WSI ;'i-;'«V w.? l a,- "v ifc War. J SgilsS&V rWl *-'■a?; v" J iv'i
      77 words
Page thumbnail Page 30
Page thumbnail Page 31
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      174 32 Luxury has progressed through lightweight technology. Change the game with the all-new lightweight Audi A6, now with the award-winning 2.0 TFSI® engine. Lightness is the new paradigm of luxury with the Audi A6. Packed with more than just innovative features, it offers advanced knowledge in lightweight engineering gained from perennial
      174 words
Page thumbnail Page 33
  • Page 33 Advertisements
    • Advertisement
      Lock icon Page 33 Advertisements Column 1
      224 33 Change the game at your command. Standard features in the Audi A6 2.0 TFSI®: Optional features in the Audi A6 2.0 TFSI®: Park assist Steers your car into parallel and right-angled parking spaces without you touching the steering wheel. Head-up display Driving information projected on your windscreen to help keep
      224 words