The Business Times, 15 November 2012

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Microfilm: NL32294
Total Pages: 53
1 22 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, November 15, 2012
    25 words
  • Article
    Lock icon Mega sukuk issue creates ripples here
    803 1  -  Singapore investors account for 18% of US$15.5b perpetual sukuk issued by Abu Dhabi bank, giving Islamic finance a big boost By SIOW LI SEN [SINGAPORE] Singapore investors dipped heartily into the world’s first syariahcompliant Tier 1 perpetual sukuk (Islamic bonds) despite the financial centre
    803 words
  • Article, Illustration
    Lock icon China’s new reformer and his village
    1052 1  -  Forget his doctorate; Li Keqiang knows the ground from working in the fields By VIRGINIE MANGIN in Beijing WITH China clearing the decks for its leadership change, the spotlight is on Li Keqiang and whether he can be the man to bring reform to
    PHOTO: AFP  -  1,052 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 2,978.03 (-29.54) HST INDEX FUTURES 2,978.00 (-30.00) HSIMSCI 337.81 (-2.75) HSIMSCI FUTURES 337.20 (-3.20) US$ S$ US$ (S$ per US$) 1.222 (US$/S$ per 1.589 1.942 EURO (US$/S$/€) 1.272 1.555 Foreign currency per US$ S$ YEN 79.90 65.40 RM 3.062 2.505 HK$ 7.751 6.341 BAHT 30.69 25.11 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Wednesday Change KL COMP 1,631.68 -5.91 NIKKEI 225 8,664.73 +3.68 HANG SENG 21,441.99 +253.34 SET INDEX 1,279.29 -9.78 JAKARTA COMP 4,351.28 +19.20 MANILA COMP 5,451.09 -4.83 SEOUL COMP 1,894.04 +4.34 SHENZHEN B 598.46 +2.84 MUMBAI IND Closed 11am EST Change DOW 12,678.66 -77.52 NASDAQ 2,872.26 -11.63
      47 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.336 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      17 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Lok Vi Ming is next president of Law Society
      355 2  -  Partner of Rodyk Davidson takes up post on Jan 1 By GRACE LEONG [SINGAPORE] The Law Society of Singapore has elected Senior Counsel Lok Vi Ming as its president for 2013. N ow t h e soc i e t y
      355 words
    • Article
      Lock icon US budget deficit up 22% in October
      510 2 Bloomberg [WASHINGTON] The US government’s budget deficit widened in October, the first month of the new fiscal year, as President Barack Obama and Congress seek an agreement to lower future gaps and avoid the so-called fiscal cliff. The deficit expanded 22 per cent
      Bloomberg  -  510 words
    • Article
      Lock icon Japanese premier to dissolve parliament
      650 2  -  Dec 16 election likely as LDP signals it will support bond bill and poll reforms By ANTHONY ROWLEY in Tokyo JAPAN’S turbulent political situation was thrown into further flux yesterday when Prime Minister Yoshihiko Noda declared his wish to dissolve the lower house of parliament
      650 words
    • Article, Illustration
      Lock icon AMW sues Royal Bros co-founder for $6.7m
      743 2  -  Firm accuses him of causing it to lose $5.2m in a deal By GRACE LEONG [SINGAPORE] A former Park Regis Singapore investor is seeking to recover $6.7 million from Royal Brothers Group co-founder Asok Kumar Naraindas, whose alleged representations led it to prematurely
      743 words
    • Article
      Lock icon Businesses more ready to employ, give pay rise: surveys
      548 2  -  Salaries likely to increase 4.5% in Singapore By CHUANG PECK MING [SINGAPORE] Business may be looking up, and with it, the prospects for jobs and pay in Singapore and the rest of the Asia-Pa-cific region. Unlike the wariness conveyed in recent
      548 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      547 2 Mega sukuk issue creates ripples here SINGAPORE investors dipped heartily into the world’s first syariah-compliant Tier 1 perpetual sukuk (Islamic bonds). Singapore investors accounted for 23 per cent or US$3.5 billion of the US$15.5 billion order book for Abu Dhabi Islamic Bank’s US$1 billion Tier 1 perpetual sukuk.
      547 words
    • Article, Illustration
      Lock icon SMEs taking more time to settle their debts
      408 4  -  29% of bills remain unpaid 90 days after due date in Q3, data from DP Information shows By ZEINAB YUSUF SAIWALLA [SINGAPORE] More small and medi-um-sized enterprises (SMEs) are becoming tardier in settling their long-term debts, according to data released by business
      Source: DP Information Group  -  408 words
    • Article, Illustration
      Lock icon Singapore Q3 corporate earnings disappoint
      766 4  -  Analysts downbeat on outlook; offshore marine sector draws downgrades By CAI HAOXIANG [SINGAPORE] Singapore companies reported weaker profits in the third quarter, with analysts remaining largely negative about earnings prospects. The offshore and marine sector disappointed and drew some downgrades. Banks turned in bet-ter-than-expected results,
      Compiled by BT  -  766 words
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      134 2 Legend of the Seas 2012 /2013 2N MALACCA CRUISE Dep Date Feb 06 Mar 23 Port-of-call Singapore, Malacca 3N BEST OF MALAYSIA CRUISE Dep Date Nov 09,16, 23 30 Dec 07,14 26 Port-of-call: Singapore, Penang, Malacca Dep Date Feb 22 Mar 01,08 29 Port-of-call: Singapore, Penang, Port Klang 4N ISLES
      134 words
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      151 3 www.vw. com. sg The Jetta. Upgrade to First Class motoring. From °"'V $135,800 VIZ as A era wit esmmspsmp r, 'flitf r7 v' T-r wm —l •f ortin*! ,r-r C‘;: Quality German engineering is now available at an equally exceptional price. The Jetta has one of the largest boots in
      151 words
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      62 words
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      188 5 i m m mi m h\ is£. m m s S. r- V i m> s MV-? B®PP A RLDCLASS T S 7 si %v P/I Jfll'l r Ll m i I uHaka > •s 6A 'VC/c, CsH nCH' 1° O/c V 76 4 aA V s ■r 0 >
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon CDL’s earnings rise 1.8% in Q3 to $134.5m
      820 6  -  But 9-month profit falls 32.5% in the absence of divestment gains By KALPANA RASHIWALA CITY Developments Ltd (CDL) recorded a 1.8 per cent year-on-year rise in net profit to $134.5 million for the third quarter ended Sept 30, 2012. Revenue increased 3.4
      820 words
    • Article
      Lock icon WBL’s Q4 net almost doubles to $17m
      341 6  -  By CARINE LEE WBL Corporation Ltd’s net profit for the fiscal fourth quarter ended Sept 30, 2012, jumped to $17.04 million, almost double that of the restated $8.84 million profit a year earlier. Turnover rose 29 per cent year-on-year to $645.84 million in
      341 words
    • Article
      Lock icon At a glance
      570 6 3 months ended Sept 2012 9 months ended Sept 2012 NET PROFIT CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG (S$m) (S$m) NET PROFIT TURNOVER CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG (S$m) (S$m) TURNOVER 1 Genting SP 454.3 758.3 -40.1 2159.4 2436.8 -11.4 110.3 209.7 -47.4 670.2 796.0 -15.8
      570 words
    • Article
      Lock icon GLP JVs to buy Brazil assets
      514 6  -  Logistics group’s J-Reit gets listing nod; Q2 profit slips By ONG CHOR HAO NET profit at Global Logistic Properties (GLP) slipped 3.1 per cent in the second quarter as costs caught up with a strong revenue performance, but the company expects to benefit from
      514 words
    • Article
      Lock icon Banyan Tree’s Q3 net loss narrows to $2.78m
      454 6  -  By NISHA RAMCHANDANI RESORT operator Banyan Tree Holdings’ net loss for the third quarter ended Sept 30, 2012, narrowed to $2.78 million from $2.89 million a year earlier. Revenue rose 19 per cent year-on-year to $78.65 million, boosted by higher revenues from
      454 words
    • Article
      Lock icon Oxley buys $130m site at Oxley Rise
      284 6  -  By KALPANA RASHIWALA A FULLY owned unit of Oxley Holdings has exercised an option to buy a property known as 71/73/73A Oxley Rise for $130 million. The property has a freehold land area of about 25,630 sq ft. On site is an existing
      284 words
    • Article, Illustration
      Lock icon SingTel Q2 net down 1.6%, forecast cut
      661 7  -  Higher exceptional losses and weaker regional currencies take their toll By JOYCE HOOI SINGTEL posted a 1.6 per cent dip in second-quarter profit yesterday to $868 million, its bottom line weighed down by higher exceptional losses and weaker regional currencies. Excluding exceptional items
      661 words
    • Article
      Lock icon KS Energy maintains turnaround with Q3, nine-month profits
      331 7  -  By TEO SI JIA CONTINUING the turnaround it achieved in the second quarter, KS ENERGY kept itself in the black for the third quarter and nine months ended Sept 30. It churned out net profits of $14,000 in the three-month period. A
      331 words
    • Article
      Lock icon China Minzhong Q1 net profit jumps 31 %
      360 7  - China Minzhong Q1 net profit jumps 31 Increase fuelled by strong demand for processed products By CAI HAOXIANG MAINBOARD-listed China vegetable producer China Minzhong Food Corp started its new financial year on a bright note yesterday by recording a 31 per cent rise in net profit to 121.6 million yuan
      360 words
    • Article
      Lock icon Olam Q1 profit rises 26.2% to $43.2m
      478 9  -  Increased shipping, logistics and other costs lead to smaller growth in earnings By ANDREA SOH A DOUBLING of sales volume, particularly in grains origination, boosted Olam International’s earnings for the first quarter of the 2013 fiscal year. Revenue for the three months ended
      478 words
    • Article, Illustration
      Lock icon STX Pan Ocean’s Q3 losses jump to US$88.6m
      538 9  -  STX OSV’s profits in third quarter dive 39% to 228m krone By LYNN KAN THE third quarter was contrasting red and black for STX Pan Ocean and STX OSV Holdings, both part of South Korea’s STX Group, underscoring the differing fortunes of
      PHOTO: BLOOMBERG  -  538 words
    • COMPANY BRIEFS
      • Article
        Lock icon Tee proposes spin-off, listing
        50 9 TEE International Ltd is proposing to spin off its real estate subsidiaries and list its real estate business on the Singapore Exchange mainboard. It has appointed SAC Capital Pte Ltd as the financial adviser for the proposed spin-off and the issue manager for the planned listing.
        50 words
      • Article
        Lock icon Metro posts Q2 profit of $19.8m
        65 9 METRO Holdings reported a net profit of $19.8 million for the second quarter ended Sept 30, improving from the net loss of $379,000 last year. Its revenue held steady at $44.7 million, compared with $44.6 million a year ago. Higher sales from its retail
        65 words
      • Article
        Lock icon Ezra division wins award
        65 9 EZRA Holdings’ production division, EOC Ltd, has won an award from Hess Exploration and Production Malaysia for the charter of the group’s floating, production, storage and offloading (FPSO) vessel, the Lewek Arunothai. The award has a firm value of US$272.1 million for three years, and may
        65 words
    • Article
      Lock icon Swiber’s Q3 net falls 46% despite revenue surge
      308 9  -  By LYNN KAN SWIBER Holdings’ third-quarter earnings tumbled despite a near doubling in revenue. Net profit attributable to owners for the three months ended Sept 30, 2012, plummeted 46 per cent to US$7.3 million, from US$13.5 million a year ago. Revenue for
      308 words
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      Lock icon Page 7 Advertisements Column 1
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      105 words
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      9 7 Promotion Now On 6281 5688 or 6757 4403 www.gnc.com.sg
      9 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Four stocks active in weak session
      578 8  -  Penny stocks YHM and Xpress among top gainers, while Noble and Olam decline STOCKS R SIVANITHY Senior Correspondent PENNY stocks YHM and Xpress Holdings and commodity counters Noble Group and Olam International stood out in yet another weak session yesterday. The Straits Times Index
      Source: Bloomberg  -  578 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 Nov 14 VALUE CLOSE BT OB/OS -520.00 -27.00 BT CADI -*****.00-112.00 BT 10-day MA -*****.00 -52.00 FTSE ST Mid Cap 733.25 -1.76 FTSE ST Small Cap 479.83 -3.38 FTSE ST All Share 730.12 -6.18 FTSE ST China Top 196.59 -1.92 FTSE ST China 221.55 -2.05 FTSE ST
      65 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME YHM 654,948,000 Noble Grp 356,482,000 Xpress 127,660,000 Golden Agri 103,831,000 Thai Beverage 42,480,000 Transcu Grp 40,905,000 Yoma 40,531,000 Geo Energy 38,301,000 Elektromotive 38,004,000 EcoWise 34,051,000 VALUE($) Noble Grp 389,881,695 SingTel 104,211,120 DBS Grp 73,834,381 Keppel Corp 70,573,808 F&N 70,534,260 Golden Agri 63,175,870 UOB 49,018,424 OCBC Bk
      57 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 4 0 0 0 5 7 4 Manufacturing 42 56 42 7 10 6 49 66 48 Commerce 18 28 17 4 5 2 22 33 19 Tpt/Stor/Comms 3 25 7
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      915 8  -  Compiled by CAI HAOXIANG Genting Singapore Nov 14 close: $1.21 OCBC Investment Research, Nov 14 GENTING Singapore posted Q3 2012 revenue of $670.2 million, down 16 per cent y-o-y and 5 per cent q-o-q, where overall revenue was again affected marginally by lower gaming business volume, which also
      Source: Bloomberg  -  915 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 20,167 20,167 112,692 112,692 Manufacturing 399,812 67,801 467,613 273,892 987 274,879 Commerce 460,619 9,220 469,839 502,322 467 502,789 Tpt/Stor/Comms 103,836 14,277 118,113 198,671 4,247 202,919 Finance 28,235 1,080 29,315 186,695 496 187,191 Construction 54,494 665,668
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 1.815 -0.045 CapitaLand 3.400 -0.020 CapitaMall 2.080 -0.010 CityDev 11.330 -0.190 ComfortDelGro 1.610 -0.010 DBS Grp 13.980 -0.150 F&N 9.210 +0.020 GLP 2.720 Genting SP 1.210 -0.025 Golden Agri 0.615 +0.005 HK Land 6.620 -0.050 IHH Healthcare 1.240 -0.020 JMH 58.300
      112 words
    • Article, Illustration
      Lock icon Yen falls as Japan plans early elections
      489 8 CURRENCIES Reuters [LONDON] The yen fell sharply yesterday after Japanese Prime Minister Yoshihiko Noda said he was ready to dissolve the Lower House of Parliament later this week and hold a snap election next month. With the main opposition Liberal Democratic Party (LDP),
      Reuters; PHOTO: BLOOMBERG  -  489 words
    • Article
      Lock icon RISES
      111 8 BY CENTS CLOSE UP DBXT AUDCS 5US$ ***** 372.8 1.4 IS Asia BND 100US 1089 29.3 2.3 Kep Corp.ES.1211 1033 19.0 1.9 DBXT MSTHAI 10US$ 1925 18.3 0.8 DBXT S&P Short 10US$ 3646 15.9 0.4 Hyflux 6% CPS 10 ***** 15.0 0.1 IS ASIA BND 100S$D 1331 11.0 0.8
      111 words
    • Article
      Lock icon FALLS
      120 8 BY CENTS CLOSE DOWN DBXT iBoxxSvEu 5US$ ***** -183.3 -0.6 DBXT Nifty 10US$ ***** -177.2 -1.4 JSH 3300 -154.0 -3.7 GLD 10US$ ***** -96.6 -0.5 JMH 5830 -78.2 -1.1 DBXT FTChina25 10US$ 2731 -57.4 -1.7 DBXT MSTaiwan 10US$ 1710 -35.4 -1.7 Lyxor China H 10US$ 1344 -35.4 -2.1 DBXT
      120 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      106 9 I CORUM LACHAUX-DE-FONDS SUISSE W x x w R O »x> y GOLDEN BRIDGE AUT0MATIC Unear-winding automatic movement, 18K red gold case with sapphire crystal sides and back. Engraved gold version of the first CORUM automatic baguette-shaped movement. CORTINA WATCH ESPACE Millenia Walk Tel: *****728 Marina Bay Sands Tel: 6688
      106 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon New SAF moves to boost training safety
      531 10  -  Inspectorate to be established to set safety culture of the entire armed forces YESTERDAY IN PARLIAMENT Reports by LEE U-WEN FRESH from its investigation into the deaths of two full-time national servicemen earlier this year, the Singapore Armed Forces (SAF) is making some
      531 words
    • Article, Illustration
      Lock icon Downtown Line budget rises to $20.7b from $12b
      507 10 THE estimated budget to build the new MRT Downtown Line (DTL) in Singapore’s train network has risen to $20.7 billion, up from an earlier forecast of $12 billion. Transport Minister Lui Tuck Yew disclosed that half of the $8.7 billion increase stemmed
      FILE PHOTO  -  507 words
    • Article
      Lock icon Signs of HDB resale market stabilising: Khaw
      378 10 THE HDB resale market has shown signs of stabilising, National Development Minister Khaw Boon Wan said in Parliament yesterday. He cited latest figures that showed how the annual Resale Price Index (RPI) growth had fallen from 14.1 per cent in 2010, to 10.7
      378 words
    • PARLIAMENT BRIEFS
      • Article
        Lock icon Bill to amend drugs law passed
        89 10 AFTER two days of debate, Parliament passed the Misuse of Drugs (Amendment) Bill, which includes changes to give courts more discretion in awarding the death penalty to offenders. A person can be spared the gallows under certain conditions, such as when an offender has
        89 words
      • Article
        Lock icon $21.76m for winning athletes since 1991
        64 10 A TOTAL of $21.76 million has been awarded to athletes for winning medals at various sporting events since 1991, said Acting Community, Culture and Youth Minister Lawrence Wong. These awards come under the Singapore National Olympic Council’s Multi-Million Dollar Award Programme. Mr Wong said
        64 words
      • Article
        Lock icon $69m in grants for pre-school operators
        73 10 THE government has disbursed $69 million in grants since 2009 to Singapore’s two anchor pre-school operators, PAP Community Foundation and NTUC’s My First Skool, said Acting Minister for Social and Family Development Chan Chun Sing. In return, the operators agree to keep their fees
        73 words
    • Article
      Lock icon What curbs retirement preparedness here
      548 10  -  Use of CPF funds for housing, medical costs reduces size of ‘formal pension pot’: Manulife By ONG CHOR HAO A PENSION system that allows for withdrawal of funds for housing and medical uses is keeping Singapore from a better rating among Asian economies when it
      548 words
    • Article, Illustration
      Lock icon Young S’poreans can have enough for retirement
      531 10  -  By ZEINAB SAIWALLA YUSUF YOUNG Singaporeans who recently joined the workforce will have enough savings for retirement provided they exercise prudence when buying a home, a study commissioned by the Manpower Ministry found. The study, conducted by National University of Singapore Professors Chia
      531 words
    • Article
      Lock icon Brunei prince, S’pore investors resolve dispute over shares
      364 10  -  By GRACE LEONG BRUNEI’S Prince Abdul Hakeem and a group of nine Singapore investors have resolved their dispute over a failed share transfer involving 80 million shares of mainboard-listed Elektromotive Group. Paul Seah of Tan Kok Quan Partnership, who represents the investors
      364 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon King’s College honour for NUS president
        153 11 TAN Chorh Chuan, president of the National University of Singapore (NUS), has been awarded an honorary degree of Doctor of Medicine by King’s College London, NUS said yesterday. Prof Tan is the first Singaporean to receive the honour from King’s College. In its citation
        153 words
      • Article
        Lock icon Microsoft names new MD for Thailand
        54 11 MICROSOFT has appointed Singaporean Haresh Khoobchandani as managing director of Microsoft Thailand with immediate effect. Mr Khoobchandani replaces Birathon Kasemsri Na Ayudhaya, who has decided to step down to focus on his family. Mr Khoobchandani joins Microsoft Thailand after serving as chief operating officer
        54 words
      • Article
        Lock icon Student teachers to get financial training
        107 11 THE entire 2012/2013 cohort of student teachers from the National Institute of Education (NIE) will be equipped with financial knowledge under the school’s tie-up with Citi Singapore. The Citi-NIE Financial Literacy Hub for Teachers, established in 2007, is a collaboration to inculcate personal finance
        107 words
    • Article
      Lock icon S’pore 2nd largest offshore yuan centre
      431 11  -  HK dominates 78% of global business, followed by S’pore with 12%: StanChart By TEO SI JIA SINGAPORE is the world’s second largest offshore yuan centre, accounting for 12 per cent of the business, going by Standard Chartered’s Renminbi Globalisation Index (RGI). Hong Kong, the
      431 words
    • Article, Illustration
      Lock icon YTL PowerSeraya to reduce carbon footprint further
      590 11  -  By RONNIE LIM MALAYSIAN-owned genco YTL PowerSeraya is working towards being even “greener and leaner”, by reviewing how it can reduce wastage from high-energy intensive operations at the power station and upgrading more of its oil storage tanks for commercial leasing, said CEO
      590 words
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      377 11 NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School Wharton University of Pennsylvania Aresty Institute of Executive Education THE NANYANG-WHARTON SENIOR LEADERS PROGRAM A COLLABORATION BETWEEN NANYANG BUSINESS SCHOOL AND THE WHARTON SCHOOL INV ITING THE FJTiN Nanyang Business School (NBS) and the Aresty Institute of Education at Wharton have come together to
      377 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Astro wins EPL rights for next 3 seasons
      496 12  -  Shares surge 3% but analysts cautious on talk that it’s paying a hefty premium By PAULINE NG in Kuala Lumpur ASTRO Malaysia Holdings has secured the rights to broadcast English Premier League (EPL) matches in Malaysia for the next three seasons, its
      PHOTO: BLOOMBERG  -  496 words
    • Article
      Lock icon New Indonesia unit to replace gas regulator
      604 12 Court order to close BPMigas fuels industry concerns Bloomberg [JAKARTA] Indonesia’s Energy and Mineral Resources Ministry will lead the unit that will assume the duties of oil and gas regulator BPMigas after a court on Tuesday ordered the dissolution of the office. The
      Bloomberg  -  604 words
    • Article
      Lock icon Sunway to build integrated resort city in Johor from 2014
      369 12 [KUALA LUMPUR] Sunway Bhd’s award-winning Sunway Integrated Resort City (SIRC) in Bandar Sunway, Selangor, will be replicated in Johor from 2014, with a RM12 billion (S$4.8 billion) gross development value (GDV). The managing director of Sunway’s property development division, Ho
      369 words
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      Lock icon Page 12 Advertisements Column 1
      88 12 A CLOSER LOOK AT PROPERTIES FOR RETIREMENT. A smaller-sized unit in your golden years is key to optimum manageability. Find your ideal retirement home at stproperty.sg. We have choice HOB and private apartments for the one place that will fulfil your requirements. A product of SPH, Singapore’s trusted media group.
      88 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon HK rejects calls for review of dollar peg
      386 13 Linking HK$ to basket of currencies won’t change interest rates much: Tsang Bloomberg [HONGKONG] Hong Kong Financial Secretary John Tsang has rejected calls from lawmakers to review the city’s 29-year-old dollar peg amid rising concern that asset prices are being driven to
      Bloomberg  -  386 words
    • Article, Illustration
      Lock icon Flawless Indian diamond sold for US$21.47m
      251 13 AFP [GENEVA] The flawless “Archduke Joseph” diamond, from India’s famous Golconda mines, broke several world records when it was sold at auction in Geneva late on Tuesday for US$21.47 million. The price which the 76 carat jewel fetched at the Christie’s sale is a
      AFP; PHOTO: AP  -  251 words
    • Article
      Lock icon Suu Kyi meets with top leaders in India
      490 13 AP AFP [NEW DELHI] Myanmar opposition leader Aung San Suu Kyi met with India’s prime minister and foreign secretary yesterday as part of a trip to establish closer ties between the countries. Ms Suu Kyi, who arrived on Tuesday for a five-day
      AP; AFP  -  490 words
    • Article
      Lock icon US panel urges tougher look at China investment
      273 13 Reuters [WASHINGTON] The US Congress should consider tougher screening laws for investments made by China’s huge state-owned enterprises (SOEs) because of the threat they pose to US companies, an advisory committee said in its annual report yesterday. The US-China Economic and Security
      Reuters  -  273 words
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      120 words
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  • CHINA'S PARTY CONGRESS
    • Article, Illustration
      Lock icon Hu clears way for Xi to take helm of party, govt
      914 14 Next line-up of Politburo Standing Committee is to be announced today AP AFP [BEIJING] President Hu Jintao stepped aside as ruling party leader yesterday to clear the way for VicePresident Xi Jinping to take China’s helm as part of
      AP; AFP; PHOTO: REUTERS  -  914 words
    • Article
      Lock icon Party tightening oversight of officials after Bo Xilai scandal
      405 14 Reuters [BEIJING] China’s ruling Communist Party amended its guiding charter yesterday to tighten oversight of officials, a move reflecting the depth of concern about abuse of power in the wake of a scandal involving former political heavyweight Bo Xilai. The closing
      Reuters  -  405 words
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      95 14 digital camera GO I RECEIVED 2 DIGITAL CAMERAS FOR MY BIRTHDAY. I’M BUYING MYSELF A BIRTHDAY PRESENT. m ve ii V it rr *ig A aw Jj MJi r 14 r* f 8*- P x <• rsrs IT X W 0 i Buy it or sell it. At stdassifieds.sg, whatever
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  • ECONOMY WATCH
    • Article
      Lock icon Top UK bankers slam bank reform plan
      517 15 They see moral hazard risk, doubt benefits of ringfencing retail operations Reuters [LONDON] Britain’s plan to force banks to shield their retail operations from riskier activities could create a moral hazard from the expectation that lenders will be bailed out if they hit
      Reuters  -  517 words
    • Article, Illustration
      Lock icon French president defends govt’s performance
      804 15 Hollande says it is moving decisively to right economy NYT [PARIS] President Francois Hollande defended his government and his own performance in a lengthy and wide-ranging news conference on Tuesday, the first of his tenure, saying that he and his colleagues were moving decisively and
      NYT; PHOTO: REUTERS  -  804 words
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      86 15 watches dumbbells X bike helmet electric guitar A mountain bike football T 1 m digital camera fish tank books 0 G 0 0 0 0 home theatre system •5 cO o •I in OO^OQ GPS At stclassifieds.sg. whatever you’re looking for isn’t hard to find. The STClassifieds App for Android
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      84 16 / 17 SINGAPORE CHINESE GIRLS’ SCH NANYANG GIRLS’ HIGH SCH SIXTH AVENUE (U/C) ONE-NORTH NATIONAL JUNIOR COLLEGE RAFFLES GIRLS’ PRI SCH HWA CHONG INSTITUITION TAN KAH KEE (U/C) RD NANYANG PRI SCH ST. MARGARET’S SEC SCH D FARRER HENRY PARK PRI SCH R FARRER RD BOTANIC GARDENS NATIONAL UNIVERSITY OF SINGAPORE (BT
      84 words
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  • WORLD
    • Article, Illustration
      Lock icon Antiausterity strikes hit southern Europe
      683 18 81 people arrested in Spain following scuffles; protesters, police clash in Italy Reuters [MADRID] Police and protesters clashed in Spain and Italy yesterday as millions of workers went on strike across Europe to protest against spending cuts they say have made the economic crisis worse.
      Reuters; PHOTO: AFP  -  683 words
    • BRIEFING
      • Article
        Lock icon EC proposes new rules on women boardmembers
        85 18 Reuters [BRUSSELS] Companies listed in EU countries could be forced to have more women on their boards, with a target of 40 per cent by 2020, under rules proposed by the European Commission yesterday. The rules would apply to the non-executive boards of
        Reuters  -  85 words
      • Article
        Lock icon Panasonic to axe 10,000 jobs by end-March
        72 18 Reuters [KADOMA, Japan] About a fifth of Panasonic Corp’s 88 business units are losing money and only half so far meet a target for at least 5 per cent operating margin, the Japanese electronics group’s finance chief said yesterday. Hideaki Kawai said the
        Reuters  -  72 words
      • Article
        Lock icon Australian wages rise at weak pace
        72 18 Bloomberg [SYDNEY] Australian wage growth slowed to the weakest pace in a year last quarter, strengthening the case for the central bank to resume lowering interest rates even as past cuts lifted consumer confidence. The wage price index, which measures hourly pay rates excluding
        Bloomberg  -  72 words
    • Article
      Lock icon Factory prices unexpectedly fall in Oct on fuel, vehicles
      474 18 LATEST US DATA Bloomberg [WASHINGTON] Wholesale prices in the US unexpectedly fell last month for the first time in five months as energy and vehicle costs dropped. The 0.2 per cent decline in the producer price index came after a 1.1
      Bloomberg  -  474 words
    • Article, Illustration
      Lock icon Korean president’s son to face probe in tax case
      461 20 AFP [SEOUL] South Korean prosecutors said yesterday they would refer President Lee Myung-bak’s only son to the tax authorities as they handed down indictments over a land deal for Mr Lee’s retirement home. Although Lee Si-hyung was not among the three
      AFP; PHOTO: AP  -  461 words
    • Article
      Lock icon ‘Nowhere to hide’ as Asia is also hit: IMF
      684 20 Brisk growth in the region could not be taken for granted in 2013, says Lagarde Reuters Bloomberg [KUALA LUMPUR] There is “nowhere to hide” in the global economy as a slowdown in Europe and other advanced countries spreads to Asia and
      Reuters; Bloomberg  -  684 words
    • Article
      Lock icon Admit errors and quit, Vietnam premier told
      375 20 AFP [HANOI] Vietnam’s embattled premier yesterday faced an unprecedented call in the communist-domi-nated parliament to step down over mistakes in his stewardship of the troubled economy. It is believed to be the first time ever that a Vietnamese prime minister has been publicly
      AFP  -  375 words
    • Article, Illustration
      Lock icon UBS teams up with mortgage bond pioneer
      585 22 Team of 30 shifts to Situs to underwrite commercial mortgage deals Bloomberg [ZURICH] UBS, the investment bank that’s eliminating 10,000 jobs as it retreats from fixed-income, isn’t giving up on the US$550 billion commer-cial-mortgage bond market (CMBS). Switzerland’s largest bank is teaming with
      Bloomberg; PHOTO: AP  -  585 words
    • Article
      Lock icon Samsung family feud engulfs memorial service
      449 22 Reuters [SEOUL] A feud at South Korea’s giant Samsung Group over the family fortune has spilled from the courts into an ancestral rite to commemorate the group’s deceased founder, a traditional Korean ceremony where family attendance is mandatory. Descendants of Samsung founder Lee Byungchull,
      Reuters  -  449 words
    • Article
      Lock icon Latin American middle class grows by 50%
      316 22 AP [NEW YORK] The middle class in Latin America and the Caribbean region grew by 50 per cent over the past decade, according to a World Bank report released on Tuesday. Higher levels of education, smaller families and more women and urban dwellers
      AP  -  316 words
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      42 18 kissel A Jf Ah^Ofds CVCtM vtS'h KISS92 IS PART OF SPH RADIO NETWORK A $20,000 diamond is yours for a kiss Tune in to Kiss92 to find out how to make this diamond yours forever kiss92.sg Dfacebook.com/kiss92fm @kiss92fm 9 the Diamond guarantee
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      2333 19 If you think SPH is just a newspaper com pany, DANCER TREADS LIGHTLY THROUGH LIFE LAW LESSONS FOR SECONDARY STUDENTS TOP OF THE NEWS A2-3 NEW COLUMN PEOPLE TO WATCH ROBOGALS TO BRIDGE TECH GENDER GAP LIFE! C6 SINCE 1845 M O N D A Y WORLD A12 J ULY
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      1549 20 >®‘ KATS3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Commonwealth Bank of Australia A.C.N. 123 123 124 COMMONWEALTH BANK OF AUSTRALIA FINANCIAL YEAR ENDED 30 JUNE 2012 All amounts are expressed in Australian dollars Income Statements For the year ended 30 June 2012 Group Bank 2012 2011 2010 2012 2011
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      316 21 Think SPH Think Entertainment Think Digital We bring you more than the power of print. In addition to 18 newspaper titles, over 100 magazines and a wide variety of books, we engage you with the AsiaOne network and other digital offerings such as STJobs, STProperty, STClassifieds, STCars, STOMP, ST Razor
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      1075 22 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ASIASONS WFG FINANCIAL LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****4762G) NOTICE OF EXTRAORDINARY GENERAL MEETING The terms and expressions not defined herein have the same meanings as ascribed to them in the Company’s circular dated 15 November 2012
      1,075 words
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      25 22 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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      11 22 www.omy.sg 0,1 C3 MV m SH 4 S.H.E «.£>i5S&W» showbiz.omy.sg Codemg)®t!
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      4363 23 xrf MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices XPRESS HOLDINGS LTD (Company Registration No. *****2058Z) (Incorporated in Singapore with limited liability) NOTIcE Of ANNuAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Xpress Holdings Ltd (“the Company”) will be held at No. 1 Kallang Way
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  • EDITORIAL & OPINION
    • Article
      Lock icon Restore faith and trust in the system
      491 24 EDITORIAL A RECENT study by State Street’s Centre for Applied Research found that many retail investors are opting to keep most of their money in cash and intend to do so for the next 10 years. According to the study which canvassed the
      491 words
    • Article, Illustration
      Lock icon Will QE result in central banks needing a bailout?
      847 24  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent ARE we heading for the “mother” of all banking crises, one that will make the collapse of Lehman Brothers and others look like small beer? And might it be that this time it will
      847 words
    • Article, Illustration
      Lock icon Volatile growth scenario after the US elections
      1039 24  -  Apart from fiscal cliff, several other economic shocks are looming for the US BY ROB CARNELL The writer is chief international economist, ING Bank THE last time we had a US presidential election this exciting, was George Bush Jr versus Al Gore, with
      PHOTO: REUTERS  -  1,039 words
    • Article, Illustration
      Lock icon Focus on connectivity at Asean meet
      1084 25  -  Enhancing connectivity is crucial to meeting Asean’s goal of establishing an Asean Economic Community by 2015 By SANCHITA BASU DAS The writer is an ISEAS Fellow and Lead Researcher (Economic Affairs) at the Asean Studies Centre of ISEAS, Singapore. These are her personal views
      PHOTO: AFP  -  1,084 words
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      Lock icon Return to normalcy harder for eurozone than US
      883 25  -  DANIEL GROS The writer is director of the Center for European Policy Studies A FINANCIAL crisis erupts when a large volume of assets in the financial system suddenly appears to be risky and investors want to get rid of their holdings. These
      883 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon China, Japan ‘still important’ for AP Terminals
      445 26  -  It’s keeping tabs on Jakarta, which may announce tender for a concession By LYNN KAN [SINGAPORE] APM Terminals shifted its Asia-Pacific headquarters to Singapore from Shanghai in September as its port investment becomes more concentrated in the region’s west, but its China and
      445 words
    • Article, Illustration
      Lock icon Airbus studies output hike to meet demand
      667 26 Reuters [ZHUHAI, China] Airbus has begun studying the feasibility of increasing production later this decade to keep up with anticipated demand, even as it keeps a check on short-term output plans due to worries over its suppliers, a senior company executive said. The
      Reuters; PHOTO: REUTERS  -  667 words
    • Article
      Lock icon Diageo deal may help save Kingfisher
      751 26 Reuters [MUMBAI] Indian liquor baron Vijay Mallya’s US$2.1 billion deal to sell a stake in United Spirits Ltd could throw a lifeline to his grounded Kingfisher Airlines Ltd, although pulling the carrier back from the brink will not be easy. The flamboyant “King of
      Reuters  -  751 words
    • Article
      Lock icon Vale said to hire BTG, BofA for logistics sale
      345 26 Bloomberg [SAO PAULO] Vale SA, the world’s biggest iron-ore producer, hired Banco BTG Pactual SA and Bank of America Corp’s Merrill Lynch to sell a stake in its logistics unit for about US$1 billion, according to two people with direct knowledge
      Bloomberg  -  345 words
    • Article
      Lock icon TRANSPORT STOCKS
      255 26 SGX '000 Nov 14 S$ +/-Vol CH Offshore 0.47 unch 285 Chuan Hup Hldg 0.25 0.01 252 Cosco Corp 0.88 -0.02 7906 s$ Ezra Hldgs 1.06 -0.02 1980 First Ship Lea 0.12 unch 380 Freight Links 0.06 unch 453 Grand Banks unch unch 0 Jaya Hold Ltd 0.59
      255 words
    • Article
      Lock icon The Business Times Shipping Times
      1925 27 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
      1,925 words
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      62 26 www.itshow.com.sg Join us at #1 LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE COMING SOON! 7th 10th MARCH 2013 MARINA BAY SANDS SINGAPORE EXCLUSIVE SHOW OFFERS, NEW PRODUCTS, GREAT BARGAINSAND HUGE SAVINGS FOR PERSONAL, BUSINESS OR HOME Organised By: (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX AND WORLD
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      Lock icon Page 26 Advertisements Column 2
      18 26 WORDLY CONNECTIONS Up close with Indian authors at the Singapore Writers Festival WATCHING AISHWARYA GET YOUR COPY TOMORROW
      18 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      322 26 CRYPTIC CROSSWORD Across 1 Cutter was turning jade first (7) 5 Fool of a son taken in by knaves (7) 9 Being in charge one needs to be straight (5) 10 Person investigating artist has cut round to enter uninvited (9) 11 Athlete has try to join club (4-6) 12
      322 words
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  • Page 27 Advertisements
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      34 27 PLACE YOUR AD HERE The Business Times Shippin g Times CALL JOE WOI> JG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
      34 words
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      Lock icon Page 27 Advertisements Column 2
      32 27 Experienced ship maintenance £ndy h ou y r services services wanted, here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES IIIL UUJINLJJ IIIVILJ Shipping Times
      32 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2900 28 Transaction date: Nov 14 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote (’000) High Low Buyer Seller 149.5 92.5 AIMSAMPIReit 144 +0.5 197 145 143
      2,900 words
    • Article
      Lock icon SGX CATALIST
      167 29 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C’vr P/E Smil 12.1
      167 words
    • Article
      Lock icon SGX ETF
      931 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 114.4 ABF SG Bond ETF 120 +1 24 120 120 120 120.1 547.8 128.9 120.4 CIMB APAC Div 100S$D 125 -2.5 1 125 125 124.3
      931 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8276 29 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FuncfCI A!** AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mat Asia Limited Asian Local Ccy SD Bond 0.9837/ EM Local Ccy
      8,276 words
    • Article
      Lock icon GLOBALQUOTE
      193 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 41.5 26 Genting HK US$ US32.5 -0.5 4244 32.5 32 32.5 33 2140 Sale 228 169 TanChongInt HK210 unch 6 210 210 201 219 4.3 3.3
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      638 30 Nov 14 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8660.27 8680.40 8653.49 Dec12 8660.00 8710.00 8630.00 8665.00 ***** *****8 Mar13 8635.00 8675.00 8620.00 8650.00 3 2144 MSCI TAIWAN INDEX FUTURES SPOT 256.24 257.56 255.24 Nov12 254.60 256.60 252.90 255.80 ***** *****4 Dec12 254.50
      638 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr Nov 13 Index Change Change Change Change Change Change World Preliminary 897.4 0.3 8.1 0.2 1.9 0.3 8.1 EAFE Preliminary 724.7 0.1 6.2 0.1 -0.2 0.1 5.8 Europe Preliminary 1106.4 0.4 7.8
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      94 30 As on 13 November 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1732.70 1718.10 1724.70 INDIA GOLD (E-GOLD) FUT DEC2012 576.90 572.65 574.45 CURRENCY EUR-USD FUT DEC2012 1.2714 1.2670 1.2710 BASE METAL COPPER FUT DEC2012 7698 7574 7651 INDEX IRON ORE (MBIO) IDX
      94 words
    • Article, Illustration
      Lock icon CHICAGO BOT
      107 30 Nov 13 Source: Bloomberg SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1427.00 1411.00 1427.00 1400.75 Jan 13 1408.00 1405.00 1417.75 1391.75 Mar 13 1385.75 1388.00 1403.00 1369.50 May 13 1372.50 1375.50 1390.75 1356.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec
      Source: Bloomberg  -  107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 30 CRUDE OIL PRODUCTS Nov 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.48 -1.39 WTI (Near Mth) 85.29 -0.37 Dubai (1-Mth F) 104.19 -1.01 Tapis blend 112.85 -1.61 Minas 106.43 -1.61 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.33 unch Jet Kerosene 124.7 unch US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      23 30 Nov 14 S$ S$ Bid Offer 1-month 1.2222 1.2223 2-months 1.2222 1.2224 3-months 1.2222 1.2223 6-months 1.2220 1.2222 Source: OCBC
      23 words
    • Article
      Lock icon LONDON METALS
      64 30 Nov 13 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1967.25 1951.00 3 months 1985.00 1968.00 Copper, Grade A(US$/tonne) Cash 7674.00 7635.00 3 months 7680.00 7638.00 Lead(US$/tonne) Cash 2168.00 2177.00 3 months 2151.00 2156.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
      64 words
    • Article
      Lock icon LIFFE
      80 30 Nov 13 COCOA (£/tonne) Close Prev High/Low Dec 12 1553 1545 1561/1536 Mar 13 1549 1545 1558/1536 May 13 1552 1550 1564/1540 Jul 13 1558 1557 1569/1549 COFFEE(US$/tonne) Close Prev High/Low Nov 12 1877 1951 1908/1875 Jan 13 1902 1979 1974/1897 Mar 13 1920 1995 1989/1915 May 13 1936
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      867 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 408 7.37 18 Conv Ratio Baker Technology Ltd W*****6 0.1 1 32 320.00 0 Price Best World Intl Ltd W*****5 0.3 1 30 84 55.00
      867 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 30 Nov 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.045 6.502 0.821 8.095 57.299 100.659 0.834 11.336 3.198 1.278 100.131 42.948 1.277 9.155 0.988 30.333 32.054 0.657 1.044 Canada 0.957 6.221
      470 words
    • Article
      Lock icon SIBOR
      60 30 Nov 14 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** 9 mths SWAP Mid rates (S$) 0.***** 0.***** SWAP Mid rates 1
      60 words
    • Article
      Lock icon PRECIOUS METALS
      132 30 NOV 14 GOLD(US$/oz) Nov 13 Nov 14 Hong Kong 1733.00 1736.80 Nov 12 Nov 13 London 1731.30 1730.54 1732.05 1731.76 Source: Thomson Reuters CAST BAR Nov 14 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 153 68 5gm 433 340 10gm 774 679
      132 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 30 Nov 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 14-Feb-13 0.24 6-Month BS*****A 16-May-13 0.26 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.1 5-Year N*****0Z 2.375 01-Apr-17 108.73
      88 words
    • Article
      Lock icon PALM OIL
      57 30 Nov 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 12 2270.0 2228.0 2270.0 2150.0 4 1986 Dec 12 2308.0 2293.0 2395.0 2296.0 1134 9887 Jan 13 2330.0 2324.0 2436.0 2326.0 ***** ***** Feb 13 2370.0 2366.0
      57 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 30 Nov 14 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2762 1.2769 1.0442 1.0447 Canadian dollar 1.2209 1.2218 0.9996 0.9989 Euro 1.5550 1.5554 1.2723 1.2725 NZ dollar 0.9983 0.9989 0.8168 0.8172 Sterling pound 1.9415 1.9419
      156 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 30 As at 9am Nov 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.307 1.245 Can dollar 1.248 1.189 Euro 1.589 1.514 Sterling pound 1.977 1.901 NZ dollar 1.031 0.973 US dollar 1.246 1.187 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 30 Nov 14 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.12 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.45 0.25 3 months 0.50 0.30 6 months 0.65 0.45 9 months 0.80 0.60 12
      154 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Window for buying distressed homes closing
      1129 31 Investors may have less than 2 years to pick up properties as rising demand shrinks pool of cheap assets Bloomberg [NEW YORK] Investors buying foreclosed US homes might have less than two years to accumulate properties as competition and rising prices shrink the pool
      Bloomberg; PHOTO: BLOOMBERG  -  1,129 words
    • Article
      Lock icon Househunt
      1162 31 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN OCT 17 AND OCT 23, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED One Shenton Apt 19/10/2012 99 850 1750 2059 V on Shenton Apt 23/10/2012
      1,162 words
    • Article
      Lock icon KKR to invest US$150m in housing project
      521 32 Its North Dakota development aims to meet demand from oil workers Bloomberg Bloomberg [SEATTLE] KKR Co, the US buyout firm that started a real estate unit last year, plans to invest as much as US$150 million with two partners to develop housing in
      Bloomberg  -  521 words
    • Article, Illustration
      Lock icon NY will rebound after Sandy, say execs
      689 32 Bloomberg [NEW YORK] New York City’s commercial property market will rebound from Hurricane Sandy as it has from previous disasters, according to local real estate executives. “As bad as Sandy is, I believe, in a year, we will be back to normal,” Peter
      Bloomberg; PHOTO: AFP  -  689 words
    • Article, Illustration
      Lock icon H K beats New York to be most expensive retail spot
      649 33 Luxury brands vie for space to cater to Chinese visitors; Paris comes third Bloomberg [LONDON] Hong Kong ended New York’s 11-year reign as the home of the world’s most expensive district for retailers as luxury brand companies competed for
      Bloomberg; PHOTO: BLOOMBERG  -  649 words
    • Article
      Lock icon China developers facing tough HK loan market
      379 33 Bloomberg [HONG KONG] Chinese property developers face a challenging loan market in Hong Kong next year as a reluctance among banks to lend keeps borrowing costs at a record high, according to Shui On Land Ltd. The so-called all-in rate for three-year loans
      Bloomberg  -  379 words
    • Article, Illustration
      Lock icon KL-S’pore venture unveils plans for Bugis project
      542 34  -  Called DUO, it will comprise 2 towers of residential, retail, hotel, office space By FELDA CHAY [SINGAPORE] Khazanah Nasional and Temasek Holdings yesterday unveiled details of their second development project together. DUO, as the project has been named, will comprise two towers of
      542 words
    • Article
      Lock icon Lego S’pore among latest tenants at MBFC’s Tower 3
      344 34  -  By FELDA CHAY [SINGAPORE] Marina Bay Financial Centre (MBFC) has secured new leases in its Tower 3 building, which brings the overall commitment level at the tower to 76 per cent, or nearly 960,000 square feet. Raffles Quay Asset Management (RQAM),
      344 words
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      138 32 FOR SALE BY TENDER CITY FRINGE FREEHOLD LIGHT INDUSTRIAL BUILDING KALLANG RIVER Land Size 2,223.7 sqm (23,935.6 sqft approx) KALLANG (EW10) KPE MP 2008 Business 1 Use with GPR of 2.5 TO ORCHARD CBD CTE, 100% Consensus; Legal Completion within 3 months Close Proximity to Kallang Aljunied MRT Stations Near
      138 words
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      414 32 1 1II i jrl il [fTCiT liKi 11 11 V. i -4 •nr imiwiijijf 1 i f fJL tflJlJjLtJ iriiii ig nl For Sale by EOI closing Tuesday, 20 November Newly Completed Retirement Village with Additional Development Land Racecourse Road, Pakenham, Melbourne, Australia Total of 333 ILU’s (2 3 bedroom)
      414 words
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      513 33 Commercial Residential Redevelopment Site Along Balestier Road Thomson Rd Good Class Bungalow Site At Holland Rise GCB Area Residential Redevelopment Site Along Pasir Panjang Road MRT Jln Datoh Horizon Residences P.Pa njangHill VIVA VISTA To SciencePark Parc Imperial MRT Subject Site Novena Balestier Rd Subject Site PAN ISLAND EXPRESSWAY Lor
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      118 33 Single-Storey B2 Factory (For Sale) Detached B1 Factory (For Sale) Land Area Approx. 84,208 sq ft Gross Floor Area Approx. 53,847 sq ft Bal Tenure Approx. 15 years High visibility along International Road About 5 mins drive to Pioneer and Boon Lay MRT Stations Easily accessible via AYE PIE Potential
      118 words
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      259 34 THE RESIDENCES Developments by Minor International PCL R* fk i r V g" mf* *-r. a**. ifv*■"fe* Y73SLTHE ESTATES SAMUI ST REGIS BANGKOK THE RESIDENCES Residences AT FOUR SEASONS RESORT CHIANG MAI MINOR INTERNATIONAL PCL, THAILAND’S LEADING HOSPITALITY COMPANY IS PROUD TO BE INVITED TO SHOWCASE THREE RESIDENTIAL PROPERTIES. All
      259 words
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  • THE BUSINESS TIMES OVERSEAS EDITION Who’s Who in Property
    • Article, Illustration
      Lock icon Robust demand for Malaysian property
      1288 1  -  Investors are still jumping in for reasons such as the scarcity of land in the bigger cities which will invariably lead to even pricier homes, reports Pauline Ng reportsPauline reportsPauline Ng THE Malaysian property market may be consolidating but builders say demand for housing remains
      FILE PHOTO  -  1,288 words
    • Article, Illustration
      Lock icon Interest from overseas skews London real estate prices
      1049 1  -  By NEIL BEHRMANN in London PRICES for prime residential property in London have burst past the previous peak of 2007. Average London prices which peaked at £350,000 (S$684,000) in 2007 and then tumbled to £294,000 in May 2009, have since risen to
      PHOTO: BLOOMBERG  -  1,049 words
    • Article, Illustration
      Lock icon Bintan Resorts International
      1095 2 OVERVIEW Bintan Resorts is an 18,000ha integrated tropical beach resort destination covering the entire northern coast of the Indonesian island of Bintan the largest of the enchanting Riau Islands in the South China Sea. It boasts world-class infrastructure, security and stability, as well as award-winning resorts, designer
      PHOTO: ADVENTREEZ  -  1,095 words
    • Article, Illustration
      Lock icon Dragon Track Sdn Bhd
      621 3 OVERVIEW SET up in 2010, Dragon Track Sdn Bhd may be young officially, but its management team comprises a strong team of experienced personnel from Singapore. Dragon Track’s developments are geared towards the niche market, such as Good Class Bungalows in Johor Bahru. It is currently
      621 words
    • Article, Illustration
      Lock icon E&O Berhad
      2232 4 OVERVIEW EASTERN Oriental Berhad (The E&O Group, or E&O) is a premier lifestyle property development group that draws its inspiration and sense of style, elegance and luxury from its namesake, the world-famous heritage landmark Eastern Oriental Hotel in Penang, Malaysia. Listed on the Main Board of Bursa Malaysia,
      2,232 words
    • Article, Illustration
      Lock icon Funtasy Island Development
      1343 6 OVERVIEW SINCE its inception in 1980, PT Batam Island Marina, with a paid-up capital of IDR900 billion (approximately S$115 million), has built numerous developments in Jakarta, in major cities on the islands of Java and Bali, and in the province of Riau. With its track record for
      1,343 words
    • Article, Illustration
      Lock icon Glomac Berhad
      1091 7 OVERVIEW AS ONE of Malaysia’s forefront property developers today, Glomac traces its beginnings from 1988. Since then, Glomac has crossed many milestones, including its listing on the Main Board of Bursa Malaysia on June 13, 2000. Property development remains the core focus of the Group, with its reputation
      1,091 words
    • Article, Illustration
      Lock icon Hatten Group
      1290 8 OVERVIEW HATTEN Group Sdn Bhd was incorporated to spearhead a group of companies involved in property development, management and investment. Each of these companies’ shareholders and directors are unified in a vision to develop, maintain, invest and manage property and other investment sectors. Hatten Group aims to achieve
      1,290 words
    • Article, Illustration
      Lock icon Heeton Holdings
      1054 9 OVERVIEW HEETON Holdings was established in 1976 as a private company engaged in the ownership, lease and operation of retail outlets as well as the development of small- to medium-sized property projects. The company was listed in September 2003. Since its founding, Heeton has been renowned for its
      1,054 words
    • Article, Illustration
      Lock icon Iskandar Waterfront Holdings Sdn Bhd
      970 10 OVERVIEW Iskandar Waterfront Holdings Sdn Bhd (IWH) was founded upon the business vision of Tan Sri Lim Kang Hoo, a long-time veteran of the plantation and construction industry. Tan Sri Lim is also the co-founder and Executive Chairman of Ekovest Berhad and has been on
      970 words
    • Article, Illustration
      Lock icon Jones Lang LaSalle S’pore
      933 11 OVERVIEW IN 2011, Jones Lang LaSalle acquired DST, which was established in 1998 and the market leader in marketing international properties, in particular London properties, to South-east Asian investors. In addition, the Residential International Project Sales team also represents major developers in Australia, the United States
      933 words
    • Article, Illustration
      Lock icon WHEN TWO GIANTS MEET
      795 12 / 13 One, a key player with the calibre for engineering with its globally recognised infrastructure, owned by the investment holding arm of the Government of Malaysia. Another, a nation builder with proven credibility in pioneering value, outlook and architectural transformation with smart engineering and award-winning developments. Join
      795 words
    • Article, Illustration
      Lock icon Knight Frank
      963 14 OVERVIEW KNIGHT Frank Singapore is part of the largest, privately held integrated global advisory firm which, including US-based Newmark Knight Frank, encompasses 243 offices in 43 countries across six continents. With over 7,060 professionals handling over $1 trillion worth of commercial, residential and agricultural real estate annually, Knight
      963 words
    • Article, Illustration
      Lock icon Low Yat Group
      488 15 OVERVIEW Low Yat Construction Company was set-up in 1947 by the late Tan Sri Dato’ Low Yat. Throughout its 60-year history, the Low Yat Group has maintained a steady growth and presence in property development, property investment, hospitality and retail. The group’s property portfolio now include hotels
      488 words
    • Article, Illustration
      Lock icon Mah Sing Group Berhad
      1301 16 OVERVIEW Since its inception in 1991, Mah Sing Group Bhd has evolved to become a fully-inte-grated premier lifestyle developer of 40 lifestyle projects in Greater Kuala Lumpur, Penang island and Johor Bahru. Today, with nearly two decades of experience spanning residential, commercial and industrial developments, the
      1,301 words
    • Article, Illustration
      Lock icon Mulpha International Bhd
      1208 17 OVERVIEW LEISURE Farm Corporation is a wholly owned subsidiary of Mulpha International Bhd, a diversified conglomerate and a component stock of the Bursa Malaysia Composite Index since 1983, which is listed on the main market of Bursa Malaysia Securities Berhad. Its shareholders’ fund is in excess of
      1,208 words
    • Article, Illustration
      Lock icon Savills
      1178 18 OVERVIEW Established in 1855, Savills plc is a global real estate services provider listed on the London Stock Exchange. The firm’s rich heritage with unrivalled growth is evidenced by the over 500 offices and associates it has today throughout the Americas, Europe, Asia Pacific, Africa and the Middle East.
      1,178 words
    • Article, Illustration
      Lock icon Sunway Group
      1028 19 OVERVIEW From its humble beginnings as a small tin-mining company established in 1974, Sunway Group has become a frontrunner in the property and construction industry with a multitude of established businesses in more than 40 locations worldwide. Today, the Malaysia-based property construction group is a formidable player in
      1,028 words
    • Article, Illustration
      Lock icon UEM Land Holdings Berhad
      2045 20 / 21 OVERVIEW UEM Land Holdings Berhad (UEM Land) is a public company listed on the Main Board of Bursa Malaysia. It is the flagship company for real estate investment and property development businesses in UEM Group Berhad (UEM Group) and Khazanah Nasional Berhad (Khazanah). UEM Group is
      2,045 words
    • Article, Illustration
      Lock icon Trillion Property
      898 22 OVERVIEW Trillion Property was incorporated in 2011 with a goal in mind to build a strong and credible real estate entity within the region that meets and exceeds clients’ expectations, be it in residential or commercial space. The company specialises in the launching of foreign residential and commercial
      898 words
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      72 1 CONTENTS Heeton Holdings 9 Iskandar Waterfront Holdings Sdn Bhd 10 Jones Lang LaSalle S’pore 11 Horizon Hills Development Sdn Bhd 12-13 Knight Frank 14 Low Yat Group 15 Mah Sing Group Bhd 16 Mulpha International Bhd 17 Savills 18 Sunway Group 19 UEM Land Holdings Bhd 20-21 Trillion Property 22
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      32 18 INTERNATIONAL PROPERTY AWARDS ASIA PACIFIC in association with hsbc m BEST REAL ESTATE AGENCY MARKETING SINGAPORE International Marketing by Savills Residential Pte Ltd 2012-2013 raa rics the mark of property professionalism worldwide
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