The Business Times, 26 October 2012

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Total Pages: 42
1 44 The Business Times
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 GSTI 3,057.51 (+12.78) GSTI FUTURES 3,058.00 (+14.00) GSIMSCI 347.70 (+1.53) GSIMSCI FUTURES 347.30 (+1.00) Friday Change KL COMP 1,671.89 +3.90 NIKKEI 225 9,055.20 +100.90 HANG SENG 21,810.23 +46.45 SET 1,297.39 +2.39 JAKARTA 4,339.15 +3.78 MANILA 5,405.16 +6.47 KOSPI 1,924.50 +10.54 SHENZHEN B 603.62 +1.30 MUMBAI IND 18,758.63 +48.61 12.00
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.248 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.50 Source: Bloomberg
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      • Article
        Lock icon FOREX
        48 2 US$ S$ US$ (S$ per US$) 1.220 (US$/S$ per 1.607 1.961 EURO(US$/S$/€) 1.301 1.587 Foreign currency per US$ S$ YEN 80.10 65.70 RM 3.041 2.492 HK$ 7.750 6.351 BAHT 30.68 25.14 RUPIAH 9,622 7,885 RENMINBI 6.242 5.115 INDIAN RUPEE 53.59 43.91 A$ 0.963 0.789 NZ$ 1.214 0.995
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    • Article
      Lock icon Surprise 2.5% fall in Sept factory output
      557 2  -  Q3 GDP may be revised downwards; Q4 production rebound will be short-lived: economists By Teh Shi Ning tshining@sph.com.sg Singapore SINGAPORE’S industrial output shrank 2.5 per cent in September from a year ago, confounding the market’s consensus forecast of 1.8 per cent growth to
      557 words
    • Article, Illustration
      Lock icon Barbs and fury fly at S i2i AGM
      859 3  -  Shareholders take chairman and CEO to task for firm’s US$1 88m loss despite revenue trebling to US$1 b By Joyce Hooi joyceh@sph.com.sg Singapore AS S i2i’s chairman Bhupendra Kumar Modi struggled to explain to shareholders yesterday how his company had incurred US$188
      FILE PHOTO  -  859 words
    • Article, Illustration
      Lock icon Long-haul victims of the financial crisis
      684 4  -  Although SIA will stop its direct flights to the US only next year, the writing was already on the wall in end-2008 COMMENTARY Ven Sreenivasan ven@sph.com.sg Senior Correspondent NON-STOP Singapore Airlines flights to New York and Los Angeles will be history by this time
      FILE PHOTO  -  684 words
    • Article, Illustration
      Lock icon Prof Lim ignites fresh debate on income gap
      478 5  -  But other dons say his proposal would induce cost-push inflation By Teh Shi Ning tshining@sph.com.sg Singapore REITERATING his controversial proposals to narrow Singapore’s wage gap, noted economist Lim Chong Yah yesterday ignited fresh debate on the matter at the Singapore Economic Policy
      FILE PHOTO  -  478 words
    • Article, Illustration
      Lock icon NOL breaks loss spell with US$50m Q3 profit
      634 5  -  By Lynn Kan lynnkan@sph.com.sg Singapore NEPTUNE Orient Lines snapped six straight quarters of losses when it reported yesterday third-quarter profits of US$50 million, a reversal of the US$91.1 million losses in the same reporting period in 2011. Revenue rose 4 per cent
      FILE PHOTO  -  634 words
    • Article, Illustration
      Lock icon Microsoft lets loose its Windows 8 OS
      1025 6  -  The launch of the new OS is crucial to the future success of computer giant By Amit Roy Choudhury amit@sph.com.sg Singapore AFTER months of build-up, publicity and beta testing, Microsoft yesterday formally presented to the world its Windows 8 OS (operating system) complete
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    • Article, Illustration
      Lock icon Bank of America sued over toxic mortgage loans
      608 8 Justice Dept claims that it made disastrously bad loans and stuck taxpayers with the bill Reuters New York Oct 24 THE United States has filed a fraud lawsuit against Bank of America Corp, accusing it of causing taxpayers more than US$1 billion
      Reuters; PHOTO: REUTERS  -  608 words
    • Article
      Lock icon Asia shores up defences against hot money flows
      815 8  -  By Shu-Ching Jean Chen btworld@sph.com.sg Hong Kong THE tidal waves of liquidity unleashed by the US Fed’s quantity easing have finally rushed onto Asian shores, but this time, the impact may not be as powerful as imagined. The past few days have
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      38 2 CONTENTS NEWS Top Stories 2-8 EXEC LIFESTYLE Entertainment 36-38 Cinema 39 Companies 9-12 Singapore 13-14 World 15-23 Aviation 24 Shipping Times 25-27 Shipping News 28 Stocks Stats 29-33 Perspective 34-35 Music/Arts 40 Arts 41-43 Wine 44 Crosswords 44
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      89 words
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      90 7 w HOW TO ENSURE A 1 -KILOMETRE ADVANTAGE. Give your child a head start. Log on to stproperty.sg and use our proximity tools to search for properties near your choice schools. You will soon find a home with high scores in location and convenience. At stproperty.sg your ideal home isn’t
      90 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon CCT’s DPU rises 11.5% to 2.04 cents in Q3
      724 9  -  Q3 DPU translates into an annualised distribution yield of 5.1%; distributable income at $57.9m in Q3 against $51 .9m a year ago By Kalpana Rashiwala kalpana@sph.com.sg Singapore CAPITACOMMERCIAL Trust (CCT) has posted distribution per unit (DPU) of 2.04 cents for the
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    • Article
      Lock icon SGX seeks feedback on changes to clearing rules
      309 9 THE Singapore Exchange (SGX) is seeking public comment on proposed changes to its derivatives clearing rules in order to clarify the processes for market participants. The revisions cover topics such as margins and collateral provided to the clearing house, actions to be
      309 words
    • Article
      Lock icon China Sky appoints Stone Forest as special auditor
      401 9  -  By Cai Haoxiang haoxiang@sph.com.sg Singapore CHINA Sky Chemical Fibre yesterday appointed a special auditor to probe its financial dealings, moving the company one step closer to resolving a long-run-ning saga. Its initial reluctance to do so got it suspended from trading last
      401 words
    • Article, Illustration
      Lock icon Asian markets rise amid earnings season
      882 10  -  STOCKS Ven Sreenivasan ven@sph.com.sg Senior Correspondent ASIAN markets headed tentatively higher despite an overnight pullback on Wall Street in the midst of the earnings season with more economic newsflow lurking ahead. The Straits Times Index (STI) ended the holiday-shortened week on a positive note,
      882 words
    • Article
      Lock icon Koh Brothers in deal for substantial stake in Metax
      286 10  -  By Teo Si Jia teosj@sph.com.sg Singapore PROPERTY developer and construction company Koh Brothers Group has struck a deal with Metax Engineering for a proposed substantial stake in the environmental engineering company. Under a proposed subscription, Koh Brothers will subscribe for 155
      286 words
    • Article
      Lock icon Ezra Q4 profit down 41% y-o-y
      456 10  -  By Malminderjit Singh msingh@sph.com.sg Singapore THE net profit of Ezra Holdings dived 41 per cent year-on-year to US$7.26 million for the fourth quarter ended Aug 31. But for the financial full year, earnings surged 62 per cent to US$65 million. Q4 revenue was US$326
      456 words
    • Article
      Lock icon MCT posts Q2 DPU of 1.546¢
      423 11  -  By Mindy Tan tanmindy@sph.com.sg Singapore MAPLETREE Commercial Trust (MCT) delivered distributable income of $28.9 million for the three months ended September, up 16.5 per cent from the same period a year ago. This translated into a distribution per unit of 1.546 cents for the
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    • Article
      Lock icon CMA’s Q3 profit up 70.8% to $62m
      296 11  -  By Mindy Tan tanmindy@sph.com.sg Singapore CAPITAMALLS Asia Limited (CMA) has recorded a net profit of $62.4 million for the three months ended September, a jump of 70.8 per cent from a year ago. Revenue for the third quarter rose 52.6 per cent to
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    • Article
      Lock icon Asian-focused PE funds have come a long way
      562 12  -  They have grown four times in the last decade to US$376 billion in assets By Genevieve Cua gen@sph.com.sg Singapore SOUTH-EAST Asia is attracting an increasingly larger share of private equity (PE) capital and this is a welcome development. Deputy Prime Minister Tharman
      562 words
    • Article
      Lock icon Frasers Commercial Trust’s Q4 DPU rises 15.1% to 1.75¢
      315 12  -  Good results attributed to strong performance of Australian properties By Ong Chor Hao ongch@sph.com.sg Singapore DISTRIBUTION per unit (DPU) for Frasers Commercial Trust (FCOT) jumped 15.1 per cent to 1.75 cents in the fourth quarter compared with a year ago, on
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    • Article
      Lock icon Suntec Reit DPU drops 7.2% for Q3
      240 12  -  By Carine Lee carinel@sph.com.sg Singapore SUNTEC Real Estate Investment Trust’s distribution per unit (DPU) has fallen 7.2 per cent to 2.35 cents for the third quarter ended Sept 30 from 2.533 cents a year earlier. This represents an annualised distribution yield of 5.9
      240 words
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      Lock icon Page 11 Advertisements Column 1
      578 11 Talent Management Work Productivity STJOBS No.1 Who should attend: Senior Management Professionals in Customer Service, General Management, Business Development, HR and Sales Marketing; Professionals, Supervisors Team Leads. No.1 Recruitment site in Singapore by Marketing Magazine (2011) FULL-DAY WORKSHOPS Register at www.stjobs.sg/seminars FULL-DAY SEMINAR Extraordinary Leadership: Achieving breakthrough performance in your
      578 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Local businesses expect challenging market conditions ahead: surveys
      466 13  -  Optimism levels have levelled out; SMEs expect slowing profits in next six months By Zeinab Yusuf Saiwalla zeinabs@sph.com.sg SINGAPORE firms are forecasting more challenging market conditions in the coming months as a result of lingering global economic uncertainties, two business sentiment surveys
      Source: D&B  -  466 words
    • Article
      Lock icon Family firms lag in conflict resolution rules
      379 13  -  32% not prepared for clashes, compared to 21% globally: survey By Ong Chor Hao ongch@sph.com.sg ALMOST a third of family businesses here have no procedures in place to deal with conflict among family members in the company, data from a PricewaterhouseCoopers (PwC) survey
      379 words
    • Article
      Lock icon Directors of Profitable Plots cleared to access documents
      366 13  -  By Grace Leong gleong@sph.com.sg THE Singapore High Court yesterday allowed the directors of troubled landbanking firm Profitable Plots access to some 5,000 documents that were seized in a 2010 raid by the Commercial Affairs Department (CAD) for their defence. This is the
      366 words
    • Article
      Lock icon Bleak outlook for solar cell maker REC
      512 14  -  It halts some S’pore operations due to falling demand and excess supplies By Ronnie Lim ronnie@sph.com.sg NORWEGIAN solar cell maker Renewable Energy Corporation (REC), which operates a $2.5 billion integrated plant here its largest worldwide is facing dim prospects. Releasing worse-than-expect-ed Q3 results
      512 words
    • Article
      Lock icon Green Campus on Jurong Island gives energy efficiency training
      420 14  -  McKinsey will instruct execs on sustainability By Lynn Kan lynnkan@sph.com.sg JURONG Island is getting a mini-refinery with a twist: it is not a commercial petroleum products factory but a training ground to “green” process industries. The refinery, which can produce 1,200
      420 words
    • Briefing
      • Article
        Lock icon A*Star signs medical research MOU
        75 14 OSAKA Chamber of Commerce and Industry (OCCI) has inked a memorandum of understanding (MOU) with the Agency for Science, Technology and Research (A*Star) to allow Japanese medical technology (medtech) companies to tap Singapore’s R&D infrastructure and talent. Japanese medtech firms will be able to fast-track
        75 words
      • Article
        Lock icon Course on sustainable development
        60 14 MINISTER for the Environment and Water Re- sources Vivian Balakrishnan has announced a new executive management course in sustainable development to support demand for professionals in this sector. Jointly developed by the Singapore Business Federation and National University of Singapore Business School, the course will begin
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      31 14 NUYOU TIME IS 10! DOUBLE-COVER ANNIVERSARY EDITION OUT NOW. EKE WIN! 10 watches worth $30,000 from Baume Mercier, Maurice Lacroix, Tissot and more. Grab your copy now for more details. sPHmagazines
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  • WORLD
    • Article
      Lock icon China’s exports seen growing 6-7% this year
      490 15 Rate of expansion may remain below 10% next year due to uncertainties in external demand, says Commerce Ministry Reuters Beijing CHINA’S exports are on track to grow an annual 6-7 per cent in 2012 and the rate of expansion could still be below
      Reuters  -  490 words
    • Article, Illustration
      Lock icon Outsourced – but jobs stay in the US
      954 15 Outsourced but jobs stay in the US Bloomberg Atlanta JANIE James says she was cool at first when Indian outsourcing giant Infosys Ltd approached her about a job near Atlanta, even though she was unemployed. She didn’t know much about the company, and it seemed a step down from her
      Bloomberg; PHOTO: AFP  -  954 words
    • Article, Illustration
      Lock icon Bakries to compensate tycoon for soured venture
      543 16 Move will mean a ‘divorce’ in the Bumi plc partnership Reuters Jakarta INDONESIA’S Bakrie family has agreed in principle to pay compensation to coal tycoon Samin Tan for his soured US$1 billion investment in their joint stake in Bumi plc, meaning a “divorce”
      Reuters; PHOTO: REUTERS  -  543 words
    • Article
      Lock icon UEM Land shares surge to 5-month high
      459 16  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur SHARES of Malaysia’s UEM Land are hovering at a five-month high on expectations that a proposed joint venture development with Singapore’s Ascendas Land International for a new industrial park in Iskandar would make the zone and its
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    • Article
      Lock icon Carlyle takes 25% stake in Indonesian tower operator STP
      539 16 Reuters Jakarta CARLYLE Group is making its first investment in South-east Asia, buying a stake of around 25 per cent in a publicly traded Indonesian telecom towers operator for about US$100 million, sources with knowledge of the deal said. The investment
      Reuters  -  539 words
    • Article, Illustration
      Lock icon US economy: consumers optimistic, businesses not
      886 17 Five plausible reasons for the difference in opinion and outlook WP Washington THERE has been a great divide in the US economy in the past few months: consumers are spending more and reporting having better job prospects and greater confidence about the future; businesses
      WP; PHOTO: AP  -  886 words
    • Article
      Lock icon Narrow odds on online betting markets favour Obama
      628 17 Reuters New York MONEY managers across the United States are avidly watching the Nov 6 presidential election, gaming out investing strategies in the event of a second term for Barack Obama or a first one for Mitt Romney. Others are simply betting
      Reuters  -  628 words
    • Article, Illustration
      Lock icon S-E Asia shines in corporate profits
      643 18 China, Taiwan, Australia pale in comparison: StarMine data Reuters Singapore SOUTH-EAST Asia is becoming one bright spot in a world of gloomy corporate earnings, with strong profit growth powered by a population of 600 million people increasingly willing, and able, to spend in their
      Reuters; REUTERS FILE PHOTO  -  643 words
    • Article
      Lock icon End to UK ‘liar loans’ from April 2014
      389 18 Mortgage seekers must get professional help to assess ability to repay Reuters London MOST Britons seeking a home loan after next year will be required to get professional advice to establish whether they can afford the repayments, the Financial Services Authority said
      Reuters  -  389 words
    • Article, Illustration
      Lock icon Tokyo governor Ishihara quits to form new party
      791 19  -  Allying with other new forces, he could change balance of power By Anthony Rowley btworld@sph.com.sg Tokyo TOKYO’S controversial governor and former national politician Shintaro Ishihara yesterday announced plans to form a new political party, thereby injecting fresh uncertainty into Japan’s already unstable
      PHOTO: AFP  -  791 words
    • Article
      Lock icon Credit Suisse to cut costs after Q3 earnings plunge 63%
      577 19 It will cut more jobs as cost-cut target rises to 4b Swiss francs Reuters Zurich CREDIT Suisse will cut an extra one billion Swiss francs (S$1.3 billion) of costs, including axing more jobs, after its third-quarter net profit more than
      Reuters  -  577 words
    • Article
      Lock icon Bank loans to eurozone private sector dip
      518 20 Analysts see further contraction as sign of region in recession AFP Frankfurt LENDING to the private sector in the euro area, which has practically dried up in recent months, contracted again last month as austerity hit companies’ and households’ budgets, data showed yesterday.
      AFP  -  518 words
    • Article
      Lock icon Economic woes cast shadow over festivities in Egypt
      358 20 AP Cairo TAMER Shamy’s butcher shop is all set for one of Islam’s most important holidays colourful blinking lights have been festooned around hanging slabs of meat, Egyptian pop music is blaring and a cluster of chairs and benches have been placed
      AP  -  358 words
    • Article
      Lock icon US CEOs call for action to reduce federal deficit
      274 20 Reuters New York CHIEF executives of more than 80 big US corporations, including Goldman Sachs, JPMorgan and Boeing, are getting together to pressure Congress to reduce the federal deficit with tax reform and spending cuts. In a letter posted on the
      Reuters  -  274 words
    • Article, Illustration
      Lock icon Rich gain from UK property tax structure
      1398 21 Poor pay as much council tax, sometimes more Bloomberg London THREE generations of the Braithwaite family live crowded into a rented three-bedroom row house, a 10-minute drive from the Sultan of Brunei’s mansion on London’s “Billionaires Row”. The difference in the two households’
      Bloomberg; PHOTO: BLOOMBERG  -  1,398 words
    • Article
      Lock icon Olympics help UK clear recession hurdle with 1 % growth in Q3
      650 22  - Olympics help UK clear recession hurdle with 1 growth in Q3 Preliminary estimate above consensus forecast of 0.6% By Neil Behrmann btworld@sph.com.sg London THE Olympics lifted the UK out of recession with better than expected growth of one per cent in the third quarter. The growth, which is a preliminary
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    • Article, Illustration
      Lock icon Prison, 4.9b euros fine for French rogue trader
      361 22 AP Paris THE Paris appeals court on Wednesday ordered former Societe Generale trader Jerome Kerviel to spend three years in prison and pay back a staggering 4.9 billion euros (S$7.76 billion) in damages for one of the biggest trading frauds in history.
      AP  -  361 words
    • Article
      Lock icon Wine auction market shrinking
      372 22 Reuters New York THE global auction market for fine wines, which saw more than US$500 million in sales last year, is expected to shrink to about US$400 million this year as supplies and credit tighten and bidders back away from Bordeaux, specialists said on Tuesday. “Bordeaux
      Reuters  -  372 words
    • Article
      Lock icon Federal Reserve stands by QE3 stimulus
      477 23 US economy still vulnerable to strains in global markets AFP Washington THE Federal Reserve confirmed its commitment on Wednesday to the six-week-old QE3 stimulus, saying that the US economy still needed the support of its easy money programmes. In its last meeting before the
      AFP  -  477 words
    • Article, Illustration
      Lock icon Durable goods orders surges 9.9% in September
      542 23 LATEST US DATA AP Washington ORDERS for long-lasting US manufactured goods surged in September, buoyed by a jump in volatile aircraft orders that offset another weak month of business investment. The Commerce Department yesterday said that orders for durable goods jumped 9.9 per
      AP; PHOTO: AFP  -  542 words
    • Article
      Lock icon All-male ECB riles Europe Parliament
      438 23 Reuters Strasbourg, France THE European Parliament yesterday rejected the nomination of Luxembourg’s Yves Mersch to the European Central Bank’s executive board on the grounds that insufficient effort had been made to find a suitable woman for the post. In a vote of the full parliament,
      Reuters  -  438 words
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      25 18 LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WW1M.HOTFM.SG I FACEBOOK.COM/HOTFMSG I J* HOTFMSG
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  • AVIATION
    • Article, Illustration
      Lock icon Virgin targets lucrative inter-continental passengers
      854 24 Branson trials hub model as Virgin links Mumbai to New York with London transfer Bloomberg London BRITISH billionaire Richard Branson’s Virgin Atlantic Airways Ltd is endorsing more than just the merits of India’s largest city with its resurrection of Mumbai flights this week. The service
      Bloomberg; BLOOMBERG FILE PHOTO  -  854 words
    • Article
      Lock icon American Airlines lawsuit against former unit begins
      671 24 Bloomberg Chicago AMERICAN Airlines accused Sabre Holdings Corp, the flight reservations and data business it spun off 12 years ago, of trying to “crush new competition” from its former parent as a trial began. American, a unit of bankrupt AMR Corp, alleges that
      Bloomberg  -  671 words
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  • SHIPPING
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      3343 25 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination
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    • Article
      Lock icon TRANSPORT STOCKS
      259 28 SGX '000 Oct 25 S$ +/-Vol CH Offshore 0.53 0.01 447 Chuan Hup Hldg 0.29 -0.01 517 Cosco Corp 0.89 -0.01 5329 Oct 25 Ezra Hldgs 1.17 0.01 ***** First Ship Lea 0.13 unch 131 Freight Links 0.07 unch 584 Grand Banks 0.37 unch 50 Jaya Hold Ltd
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    • Article
      Lock icon Big-name crewing agencies face charges in the Philippines
      632 28  -  Accused of illegal recruitment activities after govt agents’ sting operation By Alec Almazan btworld@sph.com.sg Manila NINETEEN crewing companies, including some big industry names, have been charged for illegal recruitment activities in the Philippines after government agents posing as job-hunters conducted a sting
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      Lock icon Page 26 Advertisements Column 1
      26 26 Experienced Stl/p maintenance services wanted. Can they find your services here in -the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WONG AT 9620 1327
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      90 27 HUBLine HUB MARINE PTE LTD 133 New Bridge Road #23-03/05 Chinatown Point, Singapore *****3 Tel: 6534 4866 Fax: 6534 4066 Booking Hotlines: *****716/*****375 PAPUA NEW GUINEA SERVICE VESSEL VOYAGE SIN POM ORO LAE HUB ENZO HE079E 31/10 14/11 17/11 19/11 HUB ENZO HE080E 30/11 14/12 17/12 19/12 HUB ENZO HE081E
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      Lock icon Page 27 Advertisements Column 2
      1 27 Corrs:
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  • Article
    Lock icon SGX
    8108 29 Transaction date: Oct 25 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15.5 11.4 8Telecom 12.5 12.1 18 66.8 0.4 3 59.9 6 3 A-Sonic 4 +0.3 4 4 4 3.8 4.2 3.3 28.6
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  • Article
    Lock icon SGX CATALIST
    1757 32 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 30.5 24.5 t DeClout 24.5 -3.5 7549 27 24.5 24.5 25 40.2 50.1 20.5 12.1 t 800 Super 19.3cd 18.8 19.5 3.3 5.2 5.8 34.5
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  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 32 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 4 5 0 0 0 7 4 5 Manufacturing 32 58 38 1 7 9 33 65 47 Commerce 26 21 19 1 4 3 27 25 22 Tpt/Stor/Comms 16 12 9
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    791 32 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Oct 22 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Religare Health Trust 24-Oct-12 Malvinder Mohan Singh Buy 500 na 3500 0.44 4000 0.51 ST Engineering 23-Oct-12
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  • Article
    Lock icon SECURITIES TRADING TURNOVER
    121 32 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,051 10,051 48,841 48,841 Manufacturing 202,184 35,310 237,494 175,022 298 175,320 Commerce 74,156 1,638 75,794 71,089 294 71,383 Tpt/Stor/Comms 118,681 10,711 129,392 153,019 3,375 156,394 Finance 21,775 427 22,202 98,917 179 99,097 Construction 72,146 249,180
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  • MARKETS
    • Article
      Lock icon LIFFE
      80 33 Oct 24 COCOA (£/tonne) Close Prev High/Low Dec 12 1563 1630 1630/1557 Mar 13 1559 1623 1621/1554 May 13 1566 1628 1625/1562 Jul 13 1574 1634 1630/1569 COFFEE(US$/tonne) Close Prev High/Low Nov 12 2039 2035 2044/2026 Jan 13 2057 2058 2064/2045 Mar 13 2075 unch 2081/2060 May 13 2089
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    • Article
      Lock icon METALS
      69 33 Oct 25 GOLD(US$/oz) Oct 25 Oct 24 Hong Kong 1724.30 1716.50 Oct 24 Oct 23 London 1704.80 1710.70 1705.75 1711.70 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 39.56 38.92 Source: UOB PLATINUM /Lon (US$/oz) Oct 24 Close Previous PM Fix 1577.00 1577.00 AM Fix 1569.00 1588.00 Source:
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    • Article
      Lock icon PALM OIL
      57 33 Oct 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 12 2464.0 2468.0 2500.0 2445.0 435 4521 Dec 12 2535.0 2539.0 2570.0 2505.0 3646 ***** Jan 13 2578.0 2578.0 2615.0 2543.0 ***** ***** Feb 13 2615.0 2614.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      82 33 Oct 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 24-Jan-13 0.23 6-Month BS*****N 18-Apr-13 0.27 1-Year BY*****T 02-May-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.14 5-Year N*****0Z 2.375 01-Apr-17 108.71
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 33 Oct 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2668 1.2673 1.0382 1.0385 Canadian dollar 1.2289 1.2298 1.0078 1.0072 Euro 1.5871 1.5879 1.3007 1.3012 NZ dollar 1.0045 1.0050 0.8232 0.8236 Sterling pound 1.9612 1.9618 1.6073 1.6076
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      94 33 As on 24 October 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1713.00 1699.50 1701.90 INDIA GOLD (E-GOLD) FUT DEC2012 572.50 568.35 573.20 CURRENCY EUR-USD FUT DEC2012 1.3002 1.2928 1.2962 BASE METAL COPPER FUT DEC2012 7931 7834 7869 INDEX IRON ORE (MBIO) IDX
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    • Article
      Lock icon CHICAGO BOT
      103 33 Oct 24 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 12 1570.50 1553.25 1574.75 1549.25 Jan 13 1572.25 1555.75 1577.00 1551.75 Mar 13 1537.00 1520.75 1543.00 1517.75 May 13 1483.00 1474.25 1491.25 1470.75 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Dec 12 51.84 51.84 51.93 51.35
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    • Article
      Lock icon OIL
      68 33 Oct 24 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 107.8 0.08 WTI (Near Mth) 85.68 -0.6 Dubai (1-Mth F) 106.23 -0.27 Tapis blend 113.05 -0.56 Minas 107.7 -0.56 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.72 -0.06 Jet Kerosene 126.33 -0.99 US$/barrel OpecOil Basket Price 105.94
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      124 33 Oct 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.294 1.233 Can dollar 1.257 1.198 Euro 1.621 1.544 Sterling pound 1.995 1.919 NZ dollar 1.036 0.978 US dollar 1.245 1.186 Local dollars to 100 units of foreign currency: Currencies Sell
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    • Article
      Lock icon LONDON METALS
      69 33 Oct 24 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1912.00 1923.25 3 months 1938.50 1947.00 Copper, Grade A (US$/tonne) Cash 7814.50 7828.00 3 months 7817.00 7831.00 Lead (US$/tonne) Cash 2004.75 2017.00 3 months 2007.50 2023.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT*L INDICES
      373 33 In local curr In S$ In US$ dy yr dy yr dy yr Oct 24 Index Change Change Change Change Change Change World Preliminary 910.3 0.0 9.7 -0.1 3.8 0.1 10.0 EAFE Preliminary 731.5 0.0 7.2 -0.1 1.6 0.2 7.7 Europe Preliminary 1106.6 0.3 7.8
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    • Article, Illustration
      Lock icon STOCK MARKETS
      109 33 Straits Times Index YTD change:+15.54% 52-week high: 3,110.86 on Oct 5,2012 52-week low: 2,606.52 on Dec 20,2011 Source: Bloomberg Hang Seng Index YTD change:+18.31% 52-week high: 21,839.64 on Oct 24, 2012 52-week low: 17,613.20 on Nov 25,2011 Source: Bloomberg Shanghai Stock Exchange Composite YTD change: -4.45% 52-week high:
      Source: Bloomberg  -  109 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Another look at Shock Therapy II
      1677 34 / 35  -  A compulsory minimum wage scheme may have to be adopted if measures to address income disparity do not make headway. By Lim Chong Yah By Lim Chong Yah ~Professor Lim is Emeritus Professor of Economics at both NUS and NTU. THE proposal for Shock
      PHOTO: AFP  -  1,677 words
    • Article, Illustration
      Lock icon Debate shows lack of focus on the real major issues
      469 34 / 35  -  REUTERS BREAKINGVIEWS By Jeffrey Goldfarb THE last US presidential debate was an oratorical rendition of Saul Steinberg’s 1976 illustration of the myopic world view from New York. Listening to Barack Obama and Mitt Romney spar on Monday night, it would
      PHOTO: REUTERS  -  469 words
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  • Executive Lifestyle
    • Article, Illustration
      Lock icon NOSTALGIA HITS THE ROAD
      1325 36 / 37  -  A wave of pop legends from decades past are dominating the local ‘live’ music calendar. By Dylan Tan By Dylan Tan IT’S easy to write off the pop stars of yesteryear as has-beens especially if they haven’t had a hit for awhile but when it comes
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    • Article, Illustration
      Lock icon NEXT STOP: SINGAPORE
      725 38 Veteran acts winging their way here through to the end of the year Michael Bolton Live In Concert Sands Theatre, MBS, Oct 26, 8pm Tickets from $70 MULTIPLE Grammy-winning superstar Michael Bolton, a surprise hit on David Foster’s Hitman tour last year, is back on his own
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    • CINEMA
      • Article, Illustration
        Lock icon Tough guy still in the game
        605 39  -  Trouble With The Curve’s not a home run, but Clint Eastwood proves he’s still in the major league By Geoffrey Eu IN a big-screen career spanning close to 60 years, Clint Eastwood has played more than his fair share of tough guys typically those
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      • Article, Illustration
        Lock icon Horror franchise hits a bump
        449 39  -  By Dylan Tan THINGS don’t just go bump in the night any more in Paranormal Activity 4. Some of the supernatural events in this third sequel to the lucrative, low-budget horror franchise actually take place in broad daylight which begs the question: How scary can
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    • MUSIC/ARTS
      • Article, Illustration
        Lock icon Tributes galore, and a legend rocks on
        822 40  -  Roberta Flack does the Beatles, while Bob Dylan shows he still has it. By Christopher Lim TRIBUTE albums are a tricky business for any artist that hopes to be taken seriously, simply because it can imply that creative juices have run dry. After
        822 words
      • Article, Illustration
        Lock icon Rites of passage
        593 40  -  finds gems at SDT’s annual showcase of new choreographers. Helmi Yusof EIGHT dancers stagger ungainly towards a light source emanating from above their final hope, it seems, for redemption. As they gently collide with one another at the centre of the stage, the curtains fall. It is
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    • ARTS
      • Article, Illustration
        Lock icon Less is more
        658 41  -  At the ongoing da:ns festival, the most powerful moments were the most gentle ones. By Lynn Kan Helmi Yusof By Lynn Kan, Helmi Yusof lynnkan@sph.com.sg helmi@sph.com.sg IN these frenetic times, it is perhaps no accident that the most potent moments of three dances in the ongoing da:ns
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      • Article, Illustration
        Lock icon Strong statements
        744 42  -  Contemporary Thai art stuns with its heady mix of contemporary and old-fashioned elements. By Helmi Yusof By Helmi Yusof SINGAPORE Art Museum’s excellent exhibition on Thai contemporary art is certainly worth a look. Titled Thai Transience, it is conceptually tight, curatorially elegant and mightily theatrical. And it proves
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      • Article, Illustration
        Lock icon In good company
        590 43  -  Sondheim’s witty debate on marriage vs singlehood plays out on a Singapore stage next month. By Helmi Yusof By Helmi Yusof TO be or not to be married: That is the central question of Stephen Sondheim’s funny and famous musical Company. Premiering in Singapore next month, the
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      • aroundTOWN
        • Article, Illustration
          Lock icon DINING
          159 43 Sunday Lunch at L’Atelier de Robuchon Fresh from clinching the Best Dining Experience prize in the Singapore Experience Awards 2012, celebrity chef restaurant L’Atelier de Joël Robuchon at Resorts World Sentosa has announced it will now open for lunch every Sunday from Oct 28. Create your own unique three,
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        • Article
          Lock icon FILMS
          87 43 Italian Film Festival 2012 Fans of Italian cinema won’t want to miss this year’s edition of the Italian Film Festival, with new and recent works that have won national and international awards in 2011 and 2012. The line-up includes lots of humour, plenty of drama and a whole lot
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        • Article
          Lock icon BOOKS
          86 43 Singapore Writers Festival The Singapore Writers Festival returns with international names such as Michael Cunningham, Pico Iyer, Huang Chun-ming and Shin Kyung-Sook. From panel discussions to workshops to dinners with famous authors, there really is something for everyone who aspires to be an author or simply loves books. Check
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    • WINE
      • Article, Illustration
        Lock icon An Italian wine diary
        927 44  -  Sassicaia not only pleases but affords the drinker intellectual as well as sensorial challenges. N K Yong rises to the challenge N K Yong I TASTED Sassicaia 2009, 2010 and 2011 last week in the winery of Tenuta San Guido with Marchese Nicolo Incisa della Rochetta,
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  • Page 44 Miscellaneous
    • Miscellaneous
      Lock icon Page 44 Miscellaneous Column 1
      313 44 Across 1 A married woman in the country (7) 5 Gives the call-sign (7) 9 Funny to see a number walk like sailors (5) 10 Today’s most popular writer? (9) 11 Legal compulsion to be a suitor? (5,5) 12 Travel authority needed as one’s in Virginia (4) 14 Well-known bowler
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