The Business Times, 16 November 2012

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Microfilm: NL32294
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Friday, November 16, 2012
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  • Article
    Lock icon New private home sales take a hit after mortgage curbs
    990 1  -  Developers held back launches to assess impact of Oct 6 measures By KALPANA RASHIWALA [SINGAPORE] Home sales by developers slowed significantly as they held back launches and took stock of curbs on home loan tenures which took effect on Oct
    990 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 2945.92 (-32.11) HST INDEX FUTURES 2,945.00 (-33.00) HSIMSCI 332.80 (-5.01) HSIMSCI FUTURES 331.40 (-55.80) US$ S$ US$ (S$ per US$) 1.224 (US$/S$ per 1.585 1.940 EURO (US$/S$/€) 1.275 1.560 Foreign currency per US$ S$ YEN 80.90 66.00 RM 3.062 2.501 HK$ 7.751 6.332 BAHT 30.72 25.09 RUPIAH
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    • Article
      Lock icon MARKETS
      46 1 Thursday Change KL COMP Closed NIKKEI 225 8,829.72 +164.99 HANG SENG 21,108.93 -333.06 SET INDEX 1,274.02 -5.27 JAKARTA COMP Closed MANILA COMP 5,414.82 -36.27 SEOUL COMP 1,870.72 -23.32 SHENZHEN B 596.07 -2.39 MUMBAI IND 18,471.37 -147.50 11am EST Change DOW 12,545.07 -25.88 NASDAQ 2,837.37 -9.44
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    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.452 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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  • Article
    Lock icon Kirin in tow, OUE hurls hat into F&N ring
    772 1  -  Consortium tops Thai bid by offering $9.08 per share with the backing of Japanese brewer By JOYCE HOOI [SINGAPORE] Overseas Union Enterprise (OUE) has not only gained insider access to the Fraser and Neave (F&N) takeover party, it has brought along
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      Lock icon Page 1 Advertisements Column 1
      92 1 PROPERTY Child-friendly homes PAGE 24 CORPORATE RESULTS APB full-year earnings up 7.2% PAGE 5 OPINION RMB set for formal global recognition PAGE 22 EXECUTIVE LIFESTYLE Brushes with art PAGE 34 BT PROPERTY CLASSIFIEDS I PAGES 24-27 BT’s CATS property feature now available to BTO subscribers. To subscribe to BT Property
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  • TOP STORIES
    • Article, Illustration
      Lock icon Xi Jinping era begins; leadership line-up unveiled
      919 2 In a major move, Hu also turns over chairmanship of the military to Xi NYT [BEIJING] Completing only its second orderly handover of power in more than six decades of rule, the Chinese Communist Party yesterday unveiled a new leadership slate headed by
      NYT; PHOTO: AFP  -  919 words
    • Article
      Lock icon Shell expanding Jurong Island ethylene cracker
      582 2  -  Investment will run into hundreds of millions of dollars By RONNIE LIM [SINGAPORE] More investments are coming to Jurong Island. Shell is expanding its upstream ethylene cracker core to its US$3 billion Shell Eastern Petrochemicals Complex (SEPC) here to ramp up production of olefins
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    • Article, Illustration
      Lock icon BT: Singapore’s most respected business publication
      490 2  -  It beats the field as it wins Business Superbrands Status By MALMINDERJIT SINGH [SINGAPORE] The Business Times is the most respected business publication in Singapore. That’s the verdict of more than 500 key deci-sion-makers from the business world, who officially picked BT as their
      PHOTO: ARTHUR LEE  -  490 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      517 2 Kirin in tow, OUE hurls hat in F&N ring OVERSEAS Union Enterprise is leading a consortium in a $13.1 billion takeover bid for Fraser Neave, and has managed to get Kirin Holdings F&N’s second-largest shareholder on its side. The consortium is offering $9.08 in cash per share, 2.25
      517 words
    • Article
      Lock icon Wage situation in coming years will decide type of NWC proposals
      350 3  -  Specifying quantum rise possible again in future if conditions warrant it: minister By LEE U-WEN [SINGAPORE] Whether the National Wages Council (NWC) will continue to offer recommendations in specific dollar terms as it did this year depends on how
      350 words
    • Article, Illustration
      Lock icon S’pore attractive to smaller hedge funds despite tighter rules
      632 3  -  Strong S$ dampens import prices, tames domestic inflation By CAI HAOXIANG [SINGAPORE] Singapore is still an attractive place for smaller hedge funds despite more stringent rules introduced in August, Deputy Prime Minister Tharman Shanmugaratnam said yesterday. He said in a written
      FILE PHOTO  -  632 words
    • Article
      Lock icon Luxury goods, cars drag down retail sales growth
      442 3  -  Consumption of basic, daily use, IT goods holds up well By NISHA RAMCHANDANI [SINGAPORE] Retail sales in September rose a low-er-than-expected, 2.5 per cent year-on-year, dragged down by luxury goods and car sales. Data released by the Department of Statistics yesterday showed
      442 words
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      81 2 WORLD’S PREMIER AUCTIONEERS OF MODERN AND VINTAGE TIMEPIECE GQET WWW.ANTIQUORUM.COM tiquorum AUCTIONEERS SINCE 1974 SINGAPORE VALUATION DAY BY APPOINTMENT Fairmont Singapore Swissotel The Stamford Raffles City Convention Centre, Level 4, 2 Stamford Road, Singapore *****2 Watch Expert Mr. Julien Schaerer, will be available for complimentary estimates of your fine timepieces.
      81 words
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      206 3 Ifcw ctw. W, (A iTwm a dertleY 2011 MULSANNE Mileage 8,200km Silver Tempest with Beluga Interior and Dark Stained Burr Walnut Veneer 2007 CONTINENTAL GTC Mileage 22,850km Silverlake with Magnolia/Portofmo Interior, Blue Roof and Birds Eye Maple Veneer m ARNAGE R Safe t* iSfSilaJ 3, mb m V l' 1
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon GLP shares dip on private placement
      677 4  -  It plans to issue 160m new shares at $2.59 each to fund Brazil assets By ONG CHOR HAO A DAY after announcing the expansion of its global platform to Brazil, Global Logistic Properties (GLP) said yesterday that it is raising $404 million from a
      FILE PHOTO; Source: Bloomberg  -  677 words
    • Article, Illustration
      Lock icon APB full-year earnings up 7.2% at $366m
      448 5 Heineken launches offer for rest of brewer it does not own ASIA Pacific Breweries (APB), which officially left Fraser and Neave’s (F&N) fold yesterday, posted a set of improved results for the full year ended Sept 30. Net profit attributable to shareholders rose
      PHOTO: AP  -  448 words
    • Article
      Lock icon StarHub’s dividend yield among the highest: SGX
      404 5  -  By LEE MEI XIAN STARHUB has the highest indicative dividend yield of 5.48 per cent out of the 28 dividend-paying stocks on the Straits Times Index (STI). It was followed by SIA Engineering (5.19 per cent) and SingTel (5 per cent), a Singapore
      404 words
    • Article
      Lock icon SIA’s Oct passenger load up at 77.8%
      346 5  -  By TEO SI JIA SINGAPORE Airlines filled up 77.8 per cent of its seats last month, 1.1 percentage points more than the passenger load factor (PLF) in the corresponding month last year. “Systemwide PLF improved on the back of increased promotional activities, especially
      346 words
    • Article, Illustration
      Lock icon Should the CFO be managing risk too?
      579 7  -  Jury still out on that, but the CFO is vital in managing ‘phase change’: minister By LYNN KAN EVEN though the jury is still out on whether chief financial officers should be chief risk management officers, CFOs are important to Singapore businesses as
      Source: Singapore CFO Institute and Singapore Management University  -  579 words
    • Article
      Lock icon CFOs keen on board role, but cite risks
      524 7  -  They are concerned about distraction from core duties By LEE MEIXIAN THE demand for chief financial officers (CFOs) to serve on corporate boards has never been so high, according to a new Ernst Young study. But while many CFOs are interested in
      524 words
    • Article
      Lock icon STI falls on earnings blues, US woes
      561 9  -  Index falls 1.08%, weighed down by blue chips; Olam bucks trend By JASMINE NG THE Straits Times Index (STI) was hit by a double whammy yesterday. The widely followed barometer of the Singapore market fell 1.08 per cent, weighed down by blue chips
      561 words
    • COMPANY BRIEFS
      • Article
        Lock icon Triyards clinches US$90m contract
        33 9 TRIYARDS Holdings has secured a US$90 million contract for a 450-feet self-elevating mobile offshore platform service unit. The group’s gross order book has now passed the US$700 million mark.
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      • Article
        Lock icon First Reit placing out up to 31.6m units to raise up to $30.7m
        68 9 Reuters FIRST Real Estate Investment Trust, which owns healthcare assets, is placing up to 31.6 million units at an indicative price range of $0.95-$0.97 each, raising as much as $30.7 million. The First Reit units will yield
        Reuters  -  68 words
      • Article
        Lock icon Ascott bags deal to manage Citadines project in Chengdu
        66 9 CAPITALAND’S wholly-owned service residence arm, The Ascott Ltd, has clinched a contract to manage its first Citadines-branded service residence in Chengdu. The 177-unit Citadines South Chengdu, located in Chengdu's Hi-tech District at the junction of Tianfu Street and Tianfu South Road,
        66 words
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      467 4 VINTNERS' TOUR 21-28 Nov 2012 SINGAPORE JAKARTA BALI Ewineasia.com is hosting an amazing array of wine dinners across town at Capella Singapore and 16 partner restaurants with 25 top winemakers from Europe. FULL DAY EVENT UNLIMITED WINE TASTING FREE ENTRY TO SENTOSA GREAT FUN EXCITING PRIZES TO BE WON Grand
      467 words
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      50 5 %,VT*0'«* reA n> 01 0J n O 3 b W mm I > X x Experience service on a whole new scale Korean Air provides quality service that surpasses even your highest expectations. Indulge yourself in the Korean Air experience for life on a whole new scale. Excellence in Flight
      50 words
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      16 5 DOUBLE STRENGTH Fish Oil Pure Potent Proven Promotion Now On 6281 5688 or 6757 4403 www.gnc.com.sg
      16 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Widespread falls as STI slides 32 pts
      600 6  -  Selling pressure from Wall Street and Europe overnight; brokers see nothing new to worry market STOCKS R SIVANITHY Senior Correspondent EVEN the normally reliable (if speculative) penny segment sagged yesterday in the face of selling pressure that originated in the West on Wednesday,
      Source: Bloomberg  -  600 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      72 6 Nov 15 VALUE CLOSE BT OB/OS -742.00 -222.00 BT CADI -*****.00 -258.00 BT 10-day MA -*****.00 -74.00 FTSE ST Mid Cap 722.02 -11.23 FTSE ST Small Cap 472.75 -7.08 FTSE ST All Share 721.53 -8.59 FTSE ST China Top 193.48 -3.11 FTSE ST China 219.69 -1.86 FTSE
      72 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 12 2 0 0 0 1 12 2 Manufacturing 28 75 32 4 7 6 32 82 38 Commerce 11 39 15 5 2 2 16 41 17 Tpt/Stor/Comms 1 34 3
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,477 24,477 115,592 115,592 Manufacturing 340,860 362,434 703,294 266,181 1,547 267,729 Commerce 276,149 30,265 306,414 190,095 739 190,835 Tpt/Stor/Comms 131,290 15,086 146,376 214,960 4,432 219,392 Finance 23,800 690 24,490 178,328 313 178,642 Construction 59,948 679,888
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    • Article, Illustration
      Lock icon Brokers’ Take
      869 6  -  Compiled by CAI HAOXIANG Olam International Nov 15 close: $1.79 DBS Group Research, Nov 15 Q1 FY2013 results above. Excluding biological gains, Olam reported Q1 FY2013 core profit of S$33 million (-3 per cent y-o-y). This was above our S$25-27 million forecast (consensus was S$28 million), as overheads
      Source: Bloomberg  -  869 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 6 Stock name Close Change CapMallsAsia 1.760 -0.055 CapitaLand 3.320 -0.080 CapitaMall 2.060 -0.020 CityDev 11.150 -0.180 ComfortDelGro 1.585 -0.025 DBS Grp 13.790 -0.190 F&N 9.130 -0.080 GLP 2.590 -0.130 Genting SP 1.205 -0.005 Golden Agri 0.615 HK Land 6.610 -0.010 IHH Healthcare 1.240 JMH 58.580 +0.280
      113 words
    • Article, Illustration
      Lock icon Dollar, euro soar on Japan easing hopes
      468 6 CURRENCIES AFP [TOKYO] The US dollar soared to sev-en-month highs against the yen yesterday as the front-runner to become Japan’s next prime minister said he would pressure the Bank of Japan to embark on “unlimited easing” to stoke the economy. The comments from
      AFP; PHOTO: BLOOMBERG  -  468 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME YHM 676,181,000 ICP 287,317,000 Oceanus 124,338,000 Xpress 95,965,000 Golden Agri 80,170,000 Noble Grp 72,246,000 Transcu Grp 60,322,000 EcoWise 54,214,000 Genting SP 47,756,000 Lereno 45,522,000 VALUE($) SingTel 95,489,850 GLP 92,315,730 Noble Grp 76,771,100 DBS Grp 60,556,790 F&N 59,265,310 Keppel Corp 57,028,060 Genting SP 57,004,830 Olam 55,832,590 OCBC
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    • Article
      Lock icon RISES
      100 6 BY CENTS CLOSE UP Pru 500US$ 1210 257.1 21.0 JSH 3357 69.8 1.7 DBXT S&P Short 10US$ 3695 60.0 1.3 JMH 5858 34.3 0.5 GrandBanks 40 10.0 33.3 GLD 10US$ ***** 8.6 0.0 KS Energy 80.5 8.5 11.8 DairyFarm 1055 7.3 0.6 Sitra 10.5 5.7 118.8 DBXT FTVietnam 10US$
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    • Article
      Lock icon FALLS
      127 6 BY CENTS CLOSE DOWN Jardine C&C 4594 -106.0 -2.3 DBXT Nifty 10US$ ***** -99.2 -0.8 DBXT MSTHAI 10US$ 1860 -79.6 -3.4 DBXT MSEurope 10US$ 4387 -69.8 -1.3 DBXT MSKorea 10US$ 5603 -53.9 -0.8 DBXT E50 10US$ 3666 -38.0 -0.8 DBXT MSBrazil 10US$ 512 -28.2 -4.3 IS S&P500 ***** -28.2
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      336 7 WS EDUCATION PTE LTD Jointly Organised by: FEDERATION OF CHINESE SCHOOL UHJ ALUMNI ASSOCIATIONS HWA CHONG ALUMNI ASSOCIATION Why Learn Former Raffles Girls’ School Principal Mrs Carmee Lim International Investment Guru Mr Jim Rogers and daughters Happy and Baby Bee Director of Qinghua Language Consultancy Centre Mr Jaffar Kassim Just
      336 words
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      2663 8 5.1 No Necessity toAccess Capital Markets TheCompanyhasnotraisedfundsthroughtheSGX-STforatleastthelast10years,andisunlikelytorequireaccesstothecapitalmarketsto financeitsoperations in the foreseeable future. 5.2 Low Free Float and Low Trading Liquidity of Shares As at the Latest Practicable Date, the Offeror and the Concert Parties, own, directly or indirectly, an aggregate of 804,777,996 Shares representing approximately 86.44% of the issued Shares.
      2,663 words
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      61 9 i r /> 44 Stylish, Unique but Different. Leonard Femstem. New York v f r r a a a 3 10 0 0 o I o a m/mm. W W<V ,W»V' t r i i m r i L« m i 3 i t mm*. SINGAPORE 6 SCOnS ROAD scons
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      3147 9 11. DOCUMENTS FOR INSPECTION Copies of the following documents may be inspected at the offices of Chang See Hiang Partners at 1 Kim Seng Promenade #16-07, Great World City West Tower, Singapore *****4, during normal business hours for the period during which the Exit Offer remains open for acceptance: (a)
      3,147 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Sale of 4 suburban sites to yield 2,045 private homes
      827 10  -  One plot in Jurong West and another in Ang Mo Kio already launched for sale By FELDA CHAY FOUR sites located in suburban areas and which can yield 2,045 private homes are being pushed out for sale to meet the
      827 words
    • Article
      Lock icon Multiple-lease site attracts 23 bids
      700 10  -  First such residential site gets $73.8m top bid, or $482 psf ppr By ZEINAB YUSUF SAIWALLA THE first-ever residential site launched with multiple lease options at Jalan Jurong Kechil in the Upper Bukit Timah area has received an overwhelming response from developers attracting 23 bids
      700 words
    • Article, Illustration
      Lock icon S’pore’s Int’l Accountants Day sets a couple of firsts
      239 10 SOME 2,000 accountants and finance professionals fell in line at The Lawn@Marina Bay on Nov 8 to leave a record in the dust. Singapore’s first International Accountants Day saw the formation of what will go down in the Singapore Book of
      239 words
    • Article, Illustration
      Lock icon DPM: Population growth has outpaced infrastructure
      321 10  -  YESTERDAY IN PARLIAMENT Reports by LEE U-WEN THE government recognises that Singapore’s population growth in recent years “has outpaced” its planned infrastructure capacity. Speaking in Parliament yesterday, Deputy Prime Minister and Home Affairs Minister Teo Chee Hean said the government had ramped up infrastructure
      FILE PHOTO  -  321 words
    • Article, Illustration
      Lock icon Casino visit limit likely for 6,000 S’poreans and PRs
      570 10 AS many as 6,000 “financially vulnerable” Singaporeans and permanent residents (PRs) could face a cap on the number of times they are allowed to visit casinos here. This “visit limit” one of several key changes being proposed to the Casino Control
      PHOTO: BLOOMBERG  -  570 words
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  • PHILANTHROPISTS FORUM 2012
    • Article, Illustration
      Lock icon Asian education worth investing in
      545 11  -  Tharman: Education of girls, vocational education need extra attention By ANDREA SOH INVEST in Asian education, speakers at a forum yesterday urged philanthropists. This not only gives more marginal utility for each dollar of investment, as compared to a donation to Western universities, but has
      545 words
    • Article, Illustration
      Lock icon Measuring impact of giving is hard but crucial
      559 11  -  By TEH SHI NING MANY desired outcomes of philanthropic giving are intangible and hard to measure. So though impact measurement is crucial for resources to be deployed effectively, knowing what is measured and why is crucial too, said a panel of philanthropy
      559 words
    • Article
      Lock icon One can do good and do well in business: BTPN chief
      413 11  -  By TEH SHI NING IT is fully possible to do good and do well in business, said Jerry Ng, chief executive officer and president of Jakarta-listed Bank BTPN. At a panel session discussing opportunities for business philanthropists, Mr Ng
      413 words
    • Article, Illustration
      Lock icon The need for clear focus when giving
      628 11  -  By ANDREA SOH IT’S hard to say no to giving to a good cause. That’s why philanthropists must be clear about the causes they want to support from the start, since they have limited resources, said Sabrina Brady, principal adviser to and founder
      628 words
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      43 11 Looking to the future since 1856. Your future. Credit Suisse. Winner of Euromoney’s Private Banking Awards 2012: "Best Private Bank" Worldwide, in Europe, Switzerland, Singapore and Australia. credit-suisse.com Credit Suisse li it 7 t J i'll !i fill T a ii 2012 h
      43 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon M’sia can meet 4.5% growth target: Lagarde
      438 12 However, IMF chief says the country remains in ‘risky territory’ [KUALA LUMPUR] Malaysia can achieve its growth target of 4.5 per cent this year as it diversifies away from a reliance on external trade, according to International Monetary Fund managing director Christine Lagarde.
      PHOTO: AFP  -  438 words
    • Article
      Lock icon Thailand, Indonesia, M’sia to meet again on rubber
      289 12 Reuters [BANGKOK] Thailand, the world’s biggest rubber producer and exporter, said yesterday that it had called a meeting with major producers Indonesia and Malaysia to seek ways to stabilise rubber prices. “The meeting will be held on Dec 11-12 in Phuket,” Deputy
      Reuters  -  289 words
    • Article
      Lock icon M’sia’s export outlook remains challenging
      437 12 [PETALING JAYA] The outlook for Malaysia’s exports remains challenging despite the unexpected rise in exports for the month of September on a year-on-year basis, Malaysian daily The Star reported yesterday. Economists expect exports to remain under pressure due to the unresolved problems over the looming
      437 words
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      41 12 Wanted. Interior designer for small spaces A product of SPH, Singapore's trusted media group. If there’s really an opening, you’ll probably find it on stjobs.sg The STJobs App for iPhone and iPad is free for download at the App Store. STJOBS
      41 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China’s new leaders show their faces
      994 13 Group of seven led by Xi Jinping unveiled in scripted political theatre Reuters [BEIJING] Cagey, colourless and controlled, China’s next generation of Communist Party leaders presented themselves to the world yesterday, ending months of speculation about the backroom politicking for heading the world’s most
      Reuters  -  994 words
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      178 13 MONTIGO R E S O RIS Q* O. S r?' v w s f W Paradise is closer than you think. A multi-award winning resort, a luxurious holiday home. Just 30 minutes away from Singapore by private yacht charter, Aqua Voyage. For exclusive ownership, call us at (65) 8383 4808
      178 words
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      4154 14 MANDATORY UNCONDITIONAL CASH OFFER by Credit Suisse (Singapore) Limited Citigroup Global Markets Singapore Pte. Ltd. (Company Registration Number *****2363D) (Company Registration Number *****2673E) (Incorporated in the Republic of Singapore) (Incorporated in the Republic of Singapore) for and on behalf of Heineken International B.V. (Company Registration Number *****545) (Incorporated in the
      4,154 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India airwave auction falls short of target
      803 15 Government raises 94.08b rupees after operators stay away from bidding Bloomberg [NEW DELHI] India raised less than 25 per cent of its target from an auction of airwaves that ended in two days, a sale that Finance Minister Palaniappan Chidambaram was counting on
      Bloomberg  -  803 words
    • Article
      Lock icon PICC meets investors ahead of IPO
      574 15 Reuters [HONG KONG] Chinese state-owned insurer PICC Group started meeting institutional investors in Hong Kong yesterday to gauge demand for a listing worth up to US$4 billion, braving a slump in equity deals with the city’s largest initial public offering (IPO) in two years.
      Reuters  -  574 words
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      487 15 Hamilton s c o t t s d. Welcome home to life’s most precious. The world’s tallest award-winning residence with en-suite elevated sky garages awaits you. For exclusive ownership, call 8218 3126. A project by WE BUILD YOUR DREAMS" IHHAYDEN PROPERTIES A subsidiary of KOP Properties www.hamiltonscotts.com I info@haydenproperties.biz m
      487 words
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  • ECONOMY WATCH
    • Article
      Lock icon LDP chief rails against yen, pushing it to six-month low
      751 16  -  He also wants the BOJ to fulfil its pledge to achieve an inflation goal By ANTHONY ROWLEY in Tokyo THE battle of the yen has begun in earnest as Shinzo Abe, the head of Japan’s main opposition Liberal Democratic Party
      751 words
    • Article, Illustration
      Lock icon EU endorses Rajoy’s efforts to reduce deficit
      585 16 Bloomberg [BRUSSELS] European Union budget enforcer Olli Rehn removed an obstacle blocking Spanish Prime Minister Mariano Rajoy’s path to a sovereign bailout when he endorsed the country’s efforts to reduce its budget deficit. The spending cuts and tax increases that Mr Rajoy has
      Bloomberg; PHOTO: AFP  -  585 words
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      94 16 HANDLE WITH CARE t jT HANDLE WITH CARE I andle with care HANDLE WITH CARE MORE THAN ENOUGH ROOM FOR FOREIGNERS. Log on to stproperty.sg for a wide array of rental, resale or new properties. For short-term or long-term stay, you will find your home away from home. A product
      94 words
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      406 16 GUL TECHNOLOGIES SINGAPORE LTD (Incorporated in the Republic of Singapore) Company Registration No. *****3137E NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Gul Technologies Singapore Ltd (the “Company”) will be held at NTUC Centre, No. 1 Marina Boulevard, Room 701 Level 7, One
      406 words
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      805 17 xrf MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF FABIEN PICTET PARTNERS ASIA PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****6208C) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General
      805 words
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      1392 17 CHEMOIL CHEMOIL ENERGY LIMITED (Company Registration Number: *****1) (Incorporated in Hong Kong S.A.R.) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of Chemoil Energy Limited (the “Company 11 will be held at NUSS, Kent Ridge Guild House, 9 Kent Ridge Drive,
      1,392 words
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      0 17 ~,:(~;)}@@/{,]){>!^/}|):>~=_:['
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      2310 17 IN THE MATTER OF THE COMPANIES ACT, CAP 50 TAKUMI UNITECH PTE LTD CO. REG. NO.: *****6261M (In Members’ Voluntary Liquidation) At an Extraordinary General meeting of the above-named Company duly convened and held at 67 Ubi Avenue 1, #02-08/09, Starhub Green, Singapore *****2 on 9 November 2012 the following
      2,310 words
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  • WORLD
    • Article, Illustration
      Lock icon Consumer prices rise at a slower pace in Oct
      629 18 Jobless insurance claims up more than forecast in the wake of superstorm Sandy LATEST US DATA Bloomberg [WASHINGTON] The cost of living rose in October at the slowest pace in three months, a sign US inflation is in check. The 0.1
      Bloomberg; PHOTO: BLOOMBERG  -  629 words
    • Article
      Lock icon Eurozone slips into recession, Q3 GDP down 0.1%
      407 18 Bloomberg [ATHENS] The euro-area economy slipped into a recession for the second time in four years as governments imposed tougher budget cuts and leaders struggled to contain the debt crisis that broke out in October 2009. Gross domestic product (GDP) in the
      Bloomberg  -  407 words
    • Article, Illustration
      Lock icon Speculators escape France’s financial transaction tax
      737 19 Market players use range of derivatives to skirt levy as small investors bear it Bloomberg [PARIS] As France begins collecting its financial transactions tax this month, it is becoming evident that President Francois Hollande’s levy is hitting all but the people that it was
      Bloomberg; PHOTO: AFP  -  737 words
    • Article
      Lock icon Oct retail sales in UK drop more than forecast
      396 19 Bloomberg [LONDON] UK retail sales in October fell more than economists forecast, led by a decline in demand for food and clothing. Sales including fuel dropped 0.8 per cent from September, when they gained a revised 0.5 per cent, the Office
      Bloomberg  -  396 words
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      Lock icon Panasonic display unit on track for profit
      627 20 Stronger sales of LCD panels drive first profit in 5 years Reuters [IBARAKI, Japan] Panasonic Corp’s display business is on track for its first profit in five years in JanuaryMarch, driven by stronger sales of liquid crystal display (LCD) panels for tablets and
      Reuters; PHOTO: REUTERS  -  627 words
    • Article
      Lock icon Esprit shares rise as founder doubles stake
      566 20 Surprise move fuels hopes that Michael Ying can help turn round ailing retailer Reuters [HONG KONG] One of the founders of Esprit Holdings Ltd, Hong Kong billionaire Michael Ying, has doubled his stake in the ailing retailer to become its secondbiggest shareholder, a
      Reuters  -  566 words
    • Article, Illustration
      Lock icon Abe poised to return as prime minister
      816 21 Prospect raises concern that he will worsen ties with China Reuters [TOKYO] Five years after ending a brief tenure marked by nationalist rhetoric tempered with pragmatic diplomacy, scandals in his Cabinet and a devastating election loss, former prime minister Shinzo Abe is poised
      Reuters; PHOTO: AFP  -  816 words
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      70 18 KISS 92m All the great songs in one place t pil(| Canon and Kiss92 want to show you how to have fun creating amazing scrapbooks with your pictures! Tune in to Kiss92 to find out how to be part of our first Kiss&Tell! kiss92.sg Bfacebook.com/k1ss92fm Q@kiss92fm PARTNERS; Canon Delighting You
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      161 18 V > V 4 k Be dazzled by young singers, dancers and musicians. Catch their dance stytes ranging from battet to hip-hop, ctassicat music with a twist and the hottest hits and K-pop songs. And be captivated by rising homegrown YouTube stars and award-winning young pianists from the region. Proceeds
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      185 19 WORDLY CONNECTIONS Up close with Indian authors at the Singapore Writers Festival WATCHING AISHWARYA GET YOUR COPY TODAY ra W iJ PanPacificOrchard,Singapore(LobbyLevel),10ClaymoreRoadSingapore*****0 Tel:+********** Tollfree:**********2 Emailorchard@panpacific.com panpacific.com/orchard BT Wine, Dine 0 pjo Hospitality Pages Published on Mon, Wed and Fri J H'ln 1 For advertisement bookings and sales enquiries, please contact:
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      49 19 0.!# 0."61*6+ 3))$6 7":<5= *6967/1 =*676", 68 /4/61/-1= ***** 222&7":<5=&+".&89 PC 90 ■tew**. ou &/46,+ %353’,2 FOR THE CLASSY )163=’ 58 ;/+=-""3 ONLY a Plates of Pleasure The Classics 1 October to 11 December 2012 $SS (dinner) $58 (Sunday brunch) For reservations, please call 6831 6686 or email eat.sgo@panpacific.com
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      160 20 I HH P®" SELLING MY KARAOKE MACHINE TO IMPROVE NEIGHBOURLINESS. I *MXm *■> I. 4 III' -«v II Q mi ii TJ Hindi 4 xT IP ILf ft •s ft ■V, ft k ft ft ft ft n TT7T I I i I I I I I I I I
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  • Page 21 Advertisements
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      243 21 S S ky ■s r r I 7 o 4 r i—/ f j m Congratulations to our 2012 Excellent Service Award Winners mr. > IJ 'S* rc IL U ij At Treetops Executive Residences, we enjoy delighting our guests with memorable living experiences enhanced with a personal touch to
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  • EDITORIAL & OPINION
    • Article
      Lock icon Singapore must explore energy options
      457 22 EDITORIAL STAYING open to (and prepared for) energy options that may prove practical here later is an essential strategy for zero-energy-resource Singapore amid the current backdrop of enormous energy and economic uncertainty. Going forward, key drivers that will influence energy policy here include global energy
      457 words
    • Article, Illustration
      Lock icon Veneer of ‘reforms’ in China wearing thin
      776 22  - Veneer of reforms’ in China wearing thin THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE current leadership transition in China is widely described as a once-a-decade changeover, as though it is rooted in convention if not in law.
      776 words
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      Lock icon RMB set for formal global recognition
      1035 22  -  Recent easing of curbs on it means it broadly satisfies IMF conditions laid down a year ago By ALEX HUNGATE The writer is group general manager and CEO, HSBC Singapore CHINA has made great progress towards internationalising the renminbi, and it is now time
      PHOTO: REUTERS  -  1,035 words
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      Lock icon Ranks of megabank critics swell
      1024 23  -  Kansas City, Dallas Fed chiefs emphasise that ‘too complex to manage’ is almost synonymous with ‘too big to manage’ By SIMON JOHNSON The writer, a former chief economist of the IMF, is co-founder of a leading economics blog, The Baseline Scenario, a professor at MIT
      Project Syndicate; PHOTO: AP  -  1,024 words
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      Lock icon Optimistic analysts, overconfident CEOs
      957 23  -  By CRAIG BROWN ON APRIL 6, The Wall Street Journal published a story citing sources who said that a JP Morgan trader known as the “London Whale” had an extremely large trading position that motivated some hedge funds to act opportunistically at the expense of JP
      957 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Creating a home that’s safe for children
      1116 24  -  Interior designers and furniture-makers share tips on how to dress up your home with the little ones in mind. By AUDRINA GAN By AUDRINA GAN CHILDREN are a curious lot and with them at home, you need to consider if the house is
      PHOTOS: FULLHOUSE HOME FURNISHING  -  1,116 words
    • Article, Illustration
      Lock icon Every dog has its day in Brazil
      998 27 Pet motels are the craze, offering beef-flavoured non-alcoholic dog beer, spas and designer outfits NYT [BELO HORIZONTE, Brazil] Heartshaped ceiling mirror: check. Curtains drawn against the bright day: check. Red mattress: check. The establishment that opened here this year has features that demanding
      NYT; PHOTOS: NYT  -  998 words
  • Page 24 Advertisements
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      177 24 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D04 HOUSE FOR SALE SANDY ISLAND Sentosa Sandy Island. Best facing with privacy, 8077 7828 sq.ft. $19.5M. To view, call: Anthony Chua 9022 3000 D04 HOUSE FOR SALE SENTOSA COVE Sentosa Cove bungalow 9000/ ***** sqft. 5 ensuite rms. Pool. Golf club
      177 words
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      Lock icon Page 24 Advertisements Column 2
      136 24 D11 21 HOUSE FOR SALE BUNGALOW View by appt. 8 Vanda Road. Land 7300 sqft/ 6000 sqft Beautiful View, future MRT. Call Henry Lim 9002 6635 D11 21 HOUSE FOR SALE FIVE CHANCERY Last chance! Prestige, Freehold luxury. 2 storey attic+ basement+ pool+ lift. 5 rms+. Invest with rental guarantee.
      136 words
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      Lock icon Page 24 Advertisements Column 3
      118 24 D13 HOUSE FOR SALE CHILTERN DRIVE Open house Sunday 3pm-5pm. Braddell Hgts Estate. New detached bunglw. 4+1. Freehold. Near MRT NEX. Margaret 9680 1771 D14 HOUSE FOR SALE JALAN KECHOT Along Eunos Road. Freehold. Semi-Detached. 3storey. 3716 sqft. 5 bdrms. Move in condition. Ahmad 9644-4787 D15 HOUSE FOR SALE BUNGALOW
      118 words
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      122 24 D16 HOUSE FOR SALE BEDOK WALK $100K Below Bank Val Bedok Walk. $3.7M. 8+1 rooms. 2500/ 5000 sqft. Inter-terrace. Super Spacious. 9011 8000 D16 HOUSE FOR SALE JALAN PERGAM Brand New. Freehold Semi-D Jalan Pergam. 3½ -storey, 3681 7000 sq.ft. 8 Mega Bedrooms. Pool. 9088 4123 Mark D16 HOUSE FOR
      122 words
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      Lock icon Page 24 Advertisements Column 5
      133 24 D26 HOUSE FOR SALE SPRINGSIDE DRIVE FH Corner Bunglw Springside Dr. Approx 5447/ 4500sf. 5 ensuites+1, 3 family halls 2 dining. 3-sty, Pte lift. Park 8 cars. Sam Tan 9744 1328 D27 HOUSE FOR SALE SEMBAWANG PLACE Sembawang Place. Detached. Modern design. FH. 6 bdrms, 6523sqft, 3-sty basement, pool lift.
      133 words
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  • Page 25 Advertisements
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      258 25 D04 APARTMENT FOR SALE REFLECTIONS AT KEPPEL BAY Seaview 3rm Palace Reflections District 04, 1615 sq.ft. Retire in Style. Near 2 MRT stations. Low downside. Lucas 9674 0095 D04 APARTMENT FOR SALE RELECTIONS AT KEPPEL BAY Fire sale! Reflections. 3-bedrooms, 3 bathroom. 1733 sqft. High floor, bright. MRT. Sell below
      258 words
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      Lock icon Page 25 Advertisements Column 2
      209 25 D09 APARTMENT FOR SALE URBAN SUITES URBAN SUITES. PENTHOUSE. Best facing with Privacy. 3907 sq.ft. Walk to Orchard. $11.5m. Anthony Chua 9022 3000. D09 APARTMENT FOR SALE YONG AN PARK Penthouse 4+1 with attached 6700 sf. Freehold. Mins to amenities. Immediate. Also for rent. Call for appointment. D10 APARTMENT FOR
      209 words
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      Lock icon Page 25 Advertisements Column 3
      212 25 D10 APARTMENT FOR SALE THE LEEDON The Leedon. From $10xx psf, upto 10% discount. Botanic city view. Near Nanyang Primary/ MRT. Eddy 9819 5643. D11 21 APARTMENT FOR SALE TRILIGHT 2 rm 1109 sf #20 up. Freehold. Facilities. Mins to Orchard. Newton Novena MRTs. Partial furnished. Also for rent. D11
      212 words
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      Lock icon Page 25 Advertisements Column 4
      214 25 D18 APARTMENT FOR SALE DOUBLEBAY RESIDENCES DoubleBay Residences 4 bdrm. 1550sf, $1000 psf 3+study 1313 sf, $1188 psf/ 3 bedroom 1259 sf, $1060 psf. www.ryanseah.com D18 APARTMENT FOR SALE WATERVIEW Waterview Tampines Ave 1/ 10. TOP 2013. 2+1, patio. 1184 sf/ 3 rms. 1130 sf/ 3+study 1184sf $8xx psf D19
      214 words
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      Lock icon Page 25 Advertisements Column 5
      210 25 D19 APARTMENT FOR SALE TOPIARY Topiary Fernvale! New Executive Condo, 2 3 4 3 4 Dual Keys Penthouses. Sky Terrace Facilities Unique Landscape. D19 APARTMENT FOR SALE TOPIARY Topiary Fernvale! New Executive Condo, 2 3 4 3 4 Dual Keys Penthouses. Sky Terrace Facilities Unique Landscape. D19 APARTMENT FOR SALE
      210 words
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  • Page 26 Advertisements
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      481 26 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D11 21 HOUSE FOR RENT 8 VANDA ROAD 8 Vanda Road. Prime. Bungalow 7500/6500 sqft 6+1+pool. Renovated. 2 yrs. 3 levels. $16.5K. Also for sale. Owner 9863 5635 9727 2996 D11 21 HOUSE FOR RENT LORNIE 18 Cluster bungalow with home lift.
      481 words
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      Lock icon Page 26 Advertisements Column 2
      125 26 D03 OFFICE FOR SALE COMMONWEALTH LANE Prime location One Commonwealth B1. Mid floor. 1 minute to MRT. 1755 sqft. Eateries. Pls contact Ann Ng 9669 6916 D05 SHOP FOR SALE HOTEL-MALL SHOP Hotel-mall shop Alexandra. Mixed development (ex-SAFRA). 3 storey F&B retail. Call Hwee Pheng 9228 9277 Huttons D07 SHOP
      125 words
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  • Page 27 Advertisements
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      127 27 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D27 FACTORY FOR SALE NORTHSPRING BIZ HUB North Spirng Biz Hub B2 Industrial. MRT Yishun Seletar #03 floor. 1507 sq.ft. $707k. Call Owner’s Rep: 9655 2949 Poh D01 OFFICE FOR RENT HOLIDAY INN ATRIUM Havelock Road, CBD fringe. 313 sqft, fitted unit.
      127 words
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      Lock icon Page 27 Advertisements Column 2
      28 27 FOREIGN PROPERTY FOR SALE PROPERTY IN INDIA Serious investors opportunity! Hotel/ commercial plaza/ medical suite, 176k sf. India $30M neg. Central London condo $1.2M up. Buyers call now.
      28 words
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      Lock icon Page 27 Advertisements Column 3
      338 27 Your Sound Investment In Best Of Perth Properties’ "Understand Australia property market outlook in 2013 and investment hotspots" Onjuo^| REA Realty Network Re Ltd License No. L*****26J Jointly Organised by: MarQhs GLOBAL Innovative. Individual. Strategic. Find out more with one on one discussion with the developer's representative NUNO CARVALHO, DIRECTOR
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      Lock icon Page 27 Advertisements Column 4
      125 27 Sneak Preview Potong Pasir (Earlybird discount) MRT doorstep SJI within 1km •1-4bdrms *****674 Yeo L H Huttons W realestategroup L*****99K CEA Reg No: R*****7G NEW LANDED LAUNCH CHESTNUT AVE DTZ JGL company m r I I l« A ROW OF PRIME SHOPHOUSES Next to Raffles Place Tanjong Pagar 999-year w.e.f.
      125 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Qantas to repay A$650m debt, buy back shares
      442 28 Carrier says share price does not reflect fair value of its business Reuters [SYDNEY] Australia’s Qantas Airways will repay A$650 million (S$823 million) in debt ahead of schedule and buy back up to A$100 million in shares, saying the market is undervaluing
      Reuters; PHOTO: AFP  -  442 words
    • Article
      Lock icon Scoot, Tiger offer travellers hassle-free transfer at Changi
      349 28  -  By VEN SREENIVASAN [SINGAPORE] In what could be the first among budget carriers, Scoot and Tiger Airways have set up an interline arrangement enabling travellers to transfer from one carrier to another from within the transit area at Changi Airport. This means
      349 words
    • Article
      Lock icon Obama set to tackle sea rows at Asia summit
      737 28 US allies hoping for support in efforts to contain China AFP [PHNOM PENH] US President Barack Obama is set to wade into the troubled waters of Asia’s maritime disputes at a regional summit next week, with allies hoping for support in
      AFP  -  737 words
    • Article, Illustration
      Lock icon Plunge in container rates for China-to-Mediterranean routes
      489 28 Bloomberg [HAMBURG] Europe’s sovereigndebt crisis has led to a collapse in the rates container lines charge on routes from China to the Mediterranean, creating a two-tier price structure as they boost fees for destinations further north. The cost of a container shipment from
      Bloomberg; PHOTO: AFP  -  489 words
    • Article
      Lock icon Heathrow’s capacity limit costs £14b a year in lost trade
      370 28 Bloomberg [LONDON] Limited capacity at London’s Heathrow Airport costs the United Kingdom as much as £14 billion (S$27 billion) a year in lost trade as other European hubs boost connections to growing economies like China and Peru, the airport operator
      Bloomberg  -  370 words
    • Article
      Lock icon The Business Times Shipping Times
      3449 29 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
      3,449 words
  • Page 28 Advertisements
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      600 28 MATS RECRUIT Far East Group Limited Q K* /i One-Stop Refrigeration Systems Provider Founded in 1953, we are one of the pioneers in the refrigeration and air-conditioning business in Singapore, Far East Group is a comprehensive provider of refrigeration and air-conditioning systems and products in the heating, ventilation, air-conditioning and
      600 words
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  • Page 30 Advertisements
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      120 30 TO ADVERTISE IN THE BUSINESS TIMES Shipping Times CALL JOE WONG I FREIGHT FORWARDER urgently needed by shippers i Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 Shipping Times Announce Your Corporate Development! Come publicise your
      120 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2812 31 Transaction date: Nov 15 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 141 -3 316 144 141
      2,812 words
    • Article
      Lock icon SGX CATALIST
      214 32 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 C000) High Low Buyer Seller C’vr P/E Smil 12.1
      214 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8226 32 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 0.9851/ Asian Smaller Cos!
      8,226 words
    • Article
      Lock icon GLOBALQUOTE
      189 32 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 -0.5 4694 32.5 31.5 31.5 32 2107 Sale 228 169 TanChongInt HK210 202 218 4.3 3.3 7 4229.2 STOCK PRICES
      189 words
    • Article
      Lock icon SGX ETF
      915 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 114.4 ABF SG Bond ETF 119 -1 1 119 119 119 120.1 543.2 128.9 120.4 CIMB APAC Div 100S$D 125 122.8 123.7 105.5 95.8 CIMB
      915 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      629 33 Nov 15 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8703.82 8829.72 8684.23 Dec12 8705.00 8830.00 8680.00 8790.00 ***** *****7 Mar13 8685.00 8810.00 8685.00 8775.00 23 2133 MSCI TAIWAN INDEX FUTURES SPOT 256.31 257.14 253.71 Nov12 256.00 256.80 252.10 255.40 ***** *****3 Dec12 255.30
      629 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 33 In local curr In S$ In US$ dy yr dy yr dy yr Nov 14 Index Change Change Change Change Change Change World Preliminary 889.3 -0.4 7.2 -0.5 0.9 -0.5 7.0 EAFE Preliminary 721.0 -0.5 5.7 -0.8 -1.0 -0.8 5.0 Europe Preliminary 1097.5 -0.8 6.9
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      94 33 As on 14 November 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1733.70 1720.80 1729.80 INDIA GOLD (E-GOLD) FUT DEC2012 576.60 574.25 574.95 CURRENCY EUR-USD FUT DEC2012 1.2750 1.2710 1.2755 BASE METAL COPPER FUT DEC2012 7692 7611 7611 INDEX IRON ORE (MBIO) IDX
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    • Article
      Lock icon CHICAGO BOT
      107 33 Nov 14 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1432.75 1427.00 1445.25 1427.75 Jan 13 1419.00 1408.00 1428.50 1407.25 Mar 13 1398.75 1385.75 1407.25 1385.75 May 13 1377.25 1372.50 1392.75 1371.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 47.67
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 33 CRUDE OIL PRODUCTS Nov 14 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.35 0.87 WTI (Near Mth) 86.32 1.03 Dubai (1-Mth F) 105.09 0.9 Tapis blend 113.45 0.6 Minas 107.03 0.6 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.22 -1.11 Jet Kerosene 123.90 -0.80 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 33 Nov 15 S$ Bid Offer 1-month 1.2241 1.2242 2-months 1.2241 1.2242 3-months 1.2241 1.2242 6-months 1.2239 1.2241 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      64 33 Nov 14 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1948.75 1967.25 3 months 1970.00 1985.00 Copper, Grade A(US$/tonne) Cash 7631.25 7674.00 3 months 7640.00 7680.00 Lead(US$/tonne) Cash 2189.00 2168.00 3 months 2182.00 2151.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon LIFFE
      80 33 Nov 14 COCOA (£/tonne) Close Prev High/Low Dec 12 1597 1553 1610/1548 Mar 13 1592 1549 1600/1543 May 13 1597 1552 1602/1547 Jul 13 1602 1558 1605/1563 COFFEE(US$/tonne) Close Prev High/Low Nov 12 1875 1877 1908/1885 Jan 13 1902 1902 1935/1897 Mar 13 1919 1920 1952/1915 May 13 1935
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      739 33 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
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 33 Nov 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.038 6.455 0.813 8.030 56.851 99.715 0.838 11.259 3.172 1.276 99.233 42.745 1.268 9.252 0.979 30.127 31.821 0.654 1.036 Canada 0.963 6.217
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    • Article
      Lock icon SIBOR
      60 33 Nov 15 (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$) 2 mths 0.***** 0.***** 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
      60 words
    • Article
      Lock icon PRECIOUS METALS
      136 33 Nov 15 GOLD(US$/oz) Nov 15 Nov 14 Hong Kong 1736.00 1736.80 Nov 14 Nov 14 Nov 13 London 1726.11 1730.54 1726.88 1731.76 Source: Thomson Reuters CAST BAR Nov 15 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 152 68 5gm 433 339 10gm
      136 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 33 Nov 15 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 14-Feb-13 0.24 6-Month BS*****A 16-May-13 0.26 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.1 0.00 5-Year N*****0Z 2.375 01-Apr-17
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    • Article
      Lock icon PALM OIL
      60 33 Nov 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 12 2308.0 2395.0 2395.0 2296.0 1134 9960 Jan 13 2330.0 2434.0 2436.0 2326.0 ***** ***** Feb 13 2370.0 2461.0 2473.0 2370.0 7772 ***** Mar 13 2425.0 2495.0
      60 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 33 Nov 15 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2676 1.2689 1.0355 1.0365 Canadian dollar 1.2212 1.2218 0.9980 0.9976 Euro 1.5601 1.5604 1.2745 1.2746 NZ dollar 0.9932 0.9943 0.8114 0.8122 Sterling pound 1.9396 1.9401
      156 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 33 As at 9am Nov 15 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.295 1.234 Can dollar 1.247 1.188 Euro 1.592 1.517 Sterling pound 1.973 1.898 NZ dollar 1.022 0.965 US dollar 1.247 1.188 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      155 33 Nov 15 $S Offer Bid 0vernight 0.15 0.05 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.20 US$ 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
      155 words
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  • executive lifestyle
    • Article, Illustration
      Lock icon Brush with art within one’s reach
      892 34  -  Newbie buyers warm to pieces that won’t cost you an arm and a leg something the Affordable Art Fair prides itself on, reportsHELMI YUSOF reportsHELMI HELMI YUSOF THE situation was so poised, it could have tipped into comedy. Dr Erica Low, 32, and her
      PHOTOS: JOHN HENG  -  892 words
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      Lock icon Get rental income from your prized art collection
      601 34  -  By HELMI YUSOF NOW you can buy artwork and instantly rent it out for between 5 and 8 per cent of its value per annum. And on top of rental income, you may also enjoy capital appreciation of the piece in the
      PHOTO: JOHN HENG  -  601 words
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  • CINEMA
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      Lock icon Tim Burton does the monster mash
      572 35  -  writesDYLAN writesDYLAN TAN The director revisits his old works to pay homage to classic horror films in Frankenweenie writes DYLAN TAN LIKE the patchwork dog that’s brought back from the dead in the movie, Frankenweenie is a weird mishmash of all things new and
      PHOTO: AP  -  572 words
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      Lock icon Hong Kong police thriller keeps it real
      506 35  -  By DYLAN TAN A STAR-STUDDED police drama helmed by two unknown directors has outgunned James Bond and taken top spot at the Hong Kong box office in its opening weekend. Cold War, directed and written by first-timers Sunny Luk and Longman Leung, grossed
      PHOTO: REUTERS  -  506 words
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      Lock icon Turning a mystery into misery and melodrama
      534 35  -  By GEOFFREY EU A SHOCKING accident, a troubling death and the discovery of an extramarital affair intersect at the start of Mystery, a tragedy of near- Shakespearean proportions by Lou Ye, a director who has made a career of combining powerful domestic drama
      534 words
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  • WINE
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      Lock icon Burgundy 2011 vintage: A pleasant surprise
      1215 36  -  The wines we tasted reminded me of 2010; perhaps a 2010 minus 10 per cent, says N K YONG N K YONG A SHORT introduction to a hotel which we found delightful. From the heart of Tuscany to Beaune, it is easily an eight
      1,215 words
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      578 36 Talent Management Work Productivity Who should attend: Senior Management Professionals in Customer Service, General Management, Business Development, HR and Sales Marketing; Professionals, Supervisors Team Leads. FULL-DAY WORKSHOPS Register at www.stjobs.sg/seminars STJOBS No.1 No.1 Recruitment site in Singapore by Marketing Magazine (2011) FULL-DAY SEMINAR Extraordinary Leadership: Achieving breakthrough performance in your
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  • ENTERTAINMENT
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      Lock icon Reaching out without dumbing down
      1002 37  -  Violinist Nicola Benedetti and guitarist Milos Karadaglic take different routes to new listeners’ ears, says CHRISTOPHER LIM CD REVIEW CHRISTOPHER LIM GLAMOURISING young stars with the hopes of appealing to young and new listeners isn’t exactly a novel strategy for classical music record labels. But
      PHOTO: MARGARET MALANDRUCCOLO/DG  -  1,002 words
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      Lock icon Stretched narrative runs its course
      491 37  -  GAMING REVIEW By CHRISTOPHER LIM GAMERS particularly attached to franchises sometimes get upset when a series ends, but the Assassin’s Creed franchise shows what can happen when a series drags on too long. Thankfully, Assassin’s Creed III wraps up the story of a particularly unlucky
      491 words
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      198 37 CONFORM' SALE 25%"" up to SWEDEN Timeout*, the armchair manufactured by Conform, has a completely new mechanism called Syncro Backup. The mechanism allows the chair to naturally form after your body when leaning back, giving an anatomically correct rest no matter how you are positioned. THE HEADREST The headrest has
      198 words
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  • ARTS
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      Lock icon From Russia, with art
      839 38  -  Two new galleries will showcase contemporary Russian art, reports CHEAH UI-HOON reports CHEAH UI-HOON THE Russians are coming! With contemporary art, that is. Two new galleries opening soon in Singapore will see an injection of art from the largest country in the world. With the two
      839 words
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      Lock icon Bringing a legendary group to life
      580 38  -  By DYLAN TAN THE hit Broadway show Jersey Boys has been playing to full houses around the world since opening in 2005 but the idea for the musical about The Four Seasons actually came to Bob Gaudio, who was an original member of the
      580 words
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      Lock icon Moonlight in monochrome
      292 38  -  By CHEAH UI-HOON AN exhibition of pencil drawings by the highly acclaimed Guram Dolenjashvili, an honorary member of the Russian Academy of Arts, will kick off Raffian Art’s presence in Singapore. Moonlight Winter features works by Guram, “the glorious master of silent beauty” as named by important
      292 words
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      Lock icon RWS’ spellbinding new production
      484 38  -  By DYLAN TAN A LITTLE bit of magic goes a long way in Incanto, Resorts World Sentosa’s (RWS) second resident in-house show which opened last week at its Festive Grand Theatre. The multi-million dollar spectacular is headlined by world-famous illusionist Joe Labero and takes over from
      484 words
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      Lock icon The Bootleg Beatles is almost the real deal
      423 38  -  By DYLAN TAN IT took a while for things to reach Beatlemania but by the time the world’s long-est-running Fab Four tribute band The Bootleg Beatles took their final bows after playing a high-energy 150-minute show, the standing ovation the audience gave
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  • AroundTown
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      Lock icon Art
      332 39 Redress: Stop The Traffic: A truly “art with heart” event, this exhibition and auction hopes to raise funds for Maiti Nepal, an organisation crusading for the prevention of girl trafficking. It also rescues and rehabilitates survivors of trafficking. From now till Sunday, you can view works by artists, such
      332 words
    • Article, Illustration
      Lock icon Shopping
      125 39 Christmas shopping at Boutiques: Those who want to find unique Christmas presents all under one roof could drop by Boutiques at House on Dempsey on Nov 19 and 20. There will be over 60 vendors with an eclectic array of gifts, fashion, home décor, art, antiques and kids’ fashion
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    • Article
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      131 39 Where The Road Meets The Sun:LA–based Singapore filmmaker Yong Mun Chee’s debut Where The Road Meets The Sun returns for an encore screening after its premiere at Screen Singapore last year. It stars Hollywood actor Eric Mabius from TV’s Ugly Betty and has been awarded Best Ensemble Acting and
      131 words
    • Article
      Lock icon Music
      238 39 Walton’s Cello Concerto (SSO): This evening, cellist Steven Isserlis, will perform Walton’s Cello Concerto with the Singapore Symphony Orchestra (SSO). The SSO will also perform Berlioz’s Queen Mab Scherzo from the ballet Romeo et Juliette, as well as Dvorak’s Symphony No 6 in D major, Op 60. Steven Isserlis
      238 words
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      11 39 CATS Recruit The first step on your ladder to success CLA/AUG06/g
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      413 39 Harvey Wmrmafl in" COFFEE COOKING CONCEPT STORE r- r~ JL m N 5] 02 8 z z, \v/£ BOSCH Invented for life Brandt Innovations you need De Dietrich SETTING NEW VALUES H, Better Everyday rf- yr*\_ Electrolux Fisher&Paykel GAGGENAU fu/ta KRUPS Miele IMMER BESSER PHILIPS 0Saeco ooffooa Brandt Kitchen Package
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  • Page 39 Miscellaneous
    • Miscellaneous
      Lock icon Page 39 Miscellaneous Column 1
      329 39 CRYPTIC CROSSWORD Across 1 Clean motor off to get set for a rally? (5,5) 9 It produces high sound if turned up (2-2) 10 The greatest amount of pride? (5,5) 11 Office workers go to a Scottish island (6) 12 Methods intended to avoid betting slips? (7) 15 One’s young
      329 words
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      128 40 We have changed 16 out of 405 parts and added another 46. For the benefit of an extra power reserve 2 5 ;in \> GE GLASHUTTE VSA The eponymous power-reserve indicator of the Datograph Up/Down reveals that its autonomy has been extended to 60 hours. Moreover, it is endowed with
      128 words