The Business Times, 17 November 2012

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Microfilm: NL32294
Total Pages: 52
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| NOVEMBER 17-18, 2012 S$1.00| MICA (P) 075/08/2012
    14 words
  • Article, Illustration
    Lock icon Growth forecast cut to 1.5% for this year
    858 1  -  Q3 showing far worse than thought; next year, global economy to stay sluggish, S’pore expected to grow 1-3% By Teh Shi Ning tshining@sph.com.sg Singapore INGAPORE will probably grow just 1.5 per cent this year, or less, after the economy did far worse
    858 words
  • Article
    Lock icon Market beats drum for ThaiBev-OUE bidding war
    942 1  -  By Joyce Hooi joyceh@sph.com.sg Singapore THAI Beverage (ThaiBev) stayed silent in the face of Overseas Union Enterprise’s (OUE’s) rival $13.1 billion bid for Fraser Neave (F&N) yesterday, but F&N shareholders sounded their raucous approval of a bidding war. While Charoen Sirivadhanabhakdi the man
    942 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon October non-oil domestic exports up 7.9%
      711 2  -  2012 total trade, NODX forecasts revised down to 3-4%, 2-3% on weak total trade performance By Nisha Ramchandani nishar@sph.com.sg Singapore NON-OIL domestic exports (NODX) surprised by growing 7.9 per cent year-on-year in October, though International Enterprise (IE) Singapore has revised total trade and NODX
      PHOTO: BLOOMBERG  -  711 words
    • MARKETS
      • Article
        Lock icon STOCKS
        57 2 HSTI 2,945.63 (-0.29) GSTI FUTURES 2,946.00 (+1.00) HSIMSCI 332.38 (-0.43) HSIMSCI FUTURES 330.40 (-1.00) Friday Change KL COMP 1,629.28 -2.40 NIKKEI 225 9,024.16 +194.44 HANG SENG 21,159.01 +50.08 SET 1,280.13 +6.11 JAKARTA Closed MANILA 5,439.28 +24.46 KOSPI 1,860.83 -9.89 SHENZHEN B 592.37 -3.69 MUMBAI IND 18,309.37 -162.00 12.00 EDT
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.452 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.50 Source: Bloomberg
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      • Article
        Lock icon FOREX
        48 2 US$ S$ US$ (S$ per US$) 1.228 (US$/S$ per 1.588 1.950 EURO(US$/S$/€) 1.276 1.566 Foreign currency per US$ S$ YEN 81.10 66.10 RM 3.072 2.502 HK$ 7.752 6.314 BAHT 30.75 25.05 RUPIAH 9,625 7,840 RENMINBI 6.235 5.079 INDIAN RUPEE 54.89 44.71 A$ 0.967 0.788 NZ$ 1.232 1.004
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    • Article, Illustration
      Lock icon $14.7b committed here by Q3
      654 4  -  Amount surpasses $1 3.7b in investment commitments for whole of last year By Teh Shi Ning tshining@sph.com.sg Singapore SINGAPORE secured $14.7 billion in investment commitments in the first nine months of this year, surpassing the $13.7 billion that it attracted for the whole of last
      654 words
    • Article, Illustration
      Lock icon LDP vows to take power, unveils economic policies
      821 6  -  Nikkei rallies as the party proposes to raise growth, and fight deflation and strong yen By Anthony Rowley btworld@sph.com.sg Tokyo CONFIDENT it will be returned to power at the Dec 16 general election which Prime Minister Yoshihiko Noda announced yesterday while dissolving
      PHOTO: AP  -  821 words
    • Article, Illustration
      Lock icon Malaysia posts strong Q3 growth of 5.2%
      585 7 Domestic demand and government spending sustain economy; 4-5% annual growth seen Reuters Kuala Lumpur MALAYSIA’S economy kept up its surprisingly robust growth in the third quarter, beating expectations with an annual expansion of 5.2 per cent as strong domestic demand and investment made
      Reuters; PHOTO: BLOOMBERG  -  585 words
    • Article, Illustration
      Lock icon China’s rich pick S’pore in push to diversify overseas
      916 8  -  They haven’t been put off by its scrapping of Financial Investor Scheme: Barclays Bank MD By Siow Li Sen lisen@sph.com.sg Singapore CHINA’S wealthy have picked up the pace of diversifying overseas and Singapore is one of their preferred destinations, said Carol
      916 words
    • Article
      Lock icon Correction
      54 8 IN “Should the CFO be managing risk too?” (BT, Nov 16), we wrongly reported that there was a majority in favour of CFOs wearing an added CRO hat. It should have been a majority not in favour of having a full-time chief risk officer in the organisation. We are
      54 words
    • Article, Illustration
      Lock icon Practising hands-on philanthropy, his way
      867 9  -  Rapper Apl.de.ap explains why he set up a charitable foundation and the projects it has been involved with, in the country of his birth By Zeinab Yusuf Saiwalla zeinabs@sph.com.sg Singapore FOUNDING member Apl.de.ap of American hip-hop group The Black Eyed Peas has had millions of
      867 words
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      62 2 CONTENTS NEWS Top Stories 2-9 Raffles Conversation 10-11 Week in review 12 Companies 13-15 From the Desk of 16 Singapore 21-22 World 23-26 Stocks Stats 27-31 Perspective 32-33 Wealth 34-40 Show Me The Money 32 House Hunt 39 Real Estate 40 LIVING Dining L2-4 Guest Chef L5 Travel L6-7 Style
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      554 3 2 mm \r i W-'~ FREEHOLD J A L AN AMPANG BIG on SPACE GREAT as INVESTMENT BEST in LOCATION Embassy Row, Kuala Lumpur NEW RELEASE! Loft senes Your choice of breathtaking views from Loft series Spacious built-up from 981 sf -1,018sf 1 T Selected units with double volume living
      554 words
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      35 4 m 0? m r*S A JERRY LUM Snr Marketing Director, MBA, CES cea licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K Whan You Buy, Sail, or Rant
      35 words
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      92 5 BE PART OF OUR EXCLUSIVE LAUNCH EVENT AND EXPERIENCE THE WORLD’S 1 ST SOLAR GPS WATCH Date:-November 21 25 (Wed Sun) Time: 10am to 9pm Venue: VivoCity, Central Court B Enquiry hotline: 6737 6122 Website: www.thongsia.com.sg Ha •VsV* UTC fl SEIKO GP ASTRON e 7 t r t V/ 5-
      92 words
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      624 7 Advertorial by Mount Elizabeth Novena Hospital MEN NEED A “FOUNTAIN OF YOUTH”TOO Few men would associate themselves with hormonal changes, but andropause, also known as male menopause, affects almost one in four men in their lifetime and can drastically affect their general well-being and quality of life as they grow
      624 words
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      53 8 NOV ISSUE OUT NOW! INTHISISSUE M /*H42 +C (HD4C(," M +J2 C00H62 0:B M +JHD :D4 EH/J+ *E+-:8CCF, )K7< ’K; .K5; ’@3K5;#7< ?;@L=9 LK1 @7 111A7<>$@1@;=9A$@;=1@;<IKL<A>KNA9% 7K 1#L HL%<;9K!! 1@7>$<9 @L= 6@;!O9 G; ?5;%<; 9<79& HWM digital edition is available on iPad Android Visit www.hardwaremag.com for more info 50% off1-yeardigital
      53 words
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      65 9 How will the US and China leadership transitions affect the world economy? What will be the impact on Singapore? Find out from the experts at ‘The World and Singapore in 2013’ forum by The Straits Times and Standard Chartered Bank. Forum will be held on Nov 23 from 8.30am-2pm at
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      1055 10 VOLUNTARY CONDITIONAL CASH OFFER by Credit Suisse (Singapore) Limited (Company Registration No.: *****2363D) (Incorporated in Singapore) Merrill Lynch (Singapore) Pte. Ltd. (Company Registration No.: *****2883D) (Incorporated in Singapore) CIMB Bank Berhad(*****-P) Singapore Branch (Incorporated in Malaysia) for and on behalf of OUE BAYTOWN PTE. LTD. (Company Registration No.: *****6074W) (Incorporated
      1,055 words
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      1892 11 4. INFORMATION ON THE OFFEROR AND THE OUE LED CONSORTIUM 4.1 The Offeror The Offeror is a special purpose vehicle incorporated in Singapore and formed by the OUE Led Consortium for the purpose of making the Offer. The Offeror is a wholly-owned subsidiary of Arbon Pte. Ltd. (“Arbon”), a company
      1,892 words
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      2570 12 (b) Kirin F&B Offer Undertaking Kirin has undertaken to the Offeror that it will make a binding cash offer to F&N to acquire the food and beverage business of the F&N group (“F&B Business”), at a price of S$2.7 billion and on other terms pre-agreed between Kirin and the Offeror
      2,570 words
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      1564 13 12.4 Non-Assenting Shareholders’ Rights under Section 215(3) of the Companies Act Non-Assenting Shareholders have the right under and subject to Section 215(3) of the Companies Act, to require the Offeror to acquire their F&N Shares in the event that the Offeror, its related corporations, or their respective nominees acquire, pursuant
      1,564 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon In it for the long haul
      1821 14 / 15  -  Co-founder of private equity icon Kohlberg Kravis Roberts Co (KKR) and Forbes-list billionaire Henry Kravis believes the investment he and his partners make in building a sound corporate culture is the biggest payoff for the firm. By Genevieve Chua By Genevieve Chua THE sheer
      PHOTO: ARTHUR LEE  -  1,821 words
    • Article
      Lock icon Paying it forward
      563 14 / 15 INVESTING with a view to ESG factors environmental, social and governance is very much a buzzword. But KKR is determined to translate fuzzy feel-good avowals into results. The group has started a “green portfolio’’ programme where companies in its private equity (PE) portfolios consciously assess and track
      563 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon F&N full-year profit down 6.9% at $836m
      685 16  -  Excluding fair value and exceptional items, earnings fall 26.5% to $472.3 million By Cai Haoxiang haoxiang@sph.com.sg Singapore FRASER Neave (F&N) reported a full-year net profit of $835.6 million for the financial year ended Sept 30, 2012, down 6.9 per cent from a restated
      PHOTO: BLOOMBERG  -  685 words
    • Article
      Lock icon First Reit placement to raise $28.2m
      398 16  -  By Carine Lee carinel@sph.com.sg FIRST Real Estate Investment Trust (First Reit) is raising net proceeds of $28.2 million through the issue of 30.9 million new units at 95 cents apiece in a private placement. The amount raised will partially fund its $83.6 million acquisition
      398 words
    • Article
      Lock icon SGX seeks infrastructure bonds
      406 16 Bloomberg Singapore SINGAPORE Exchange Ltd (SGX), South-east Asia’s largest bourse operator, is seeking to become a venue for infrastructure bonds as a slump in initial public offerings (IPOs) of shares threatens earnings. Local-currency debt issuance in Singapore, one of seven nations with “AAA” ratings and “stable”
      Bloomberg  -  406 words
    • Article, Illustration
      Lock icon Penny stocks and US fiscal cliff set the tone
      970 17  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent PENNY stocks held sway this week as market participants turned to lowpriced third-liners to turn a profit. Blue chips were hit by negative sentiment from the West, where US fiscal cliff worries combined with poor
      970 words
    • Business briefing
      • Article
        Lock icon UOB, China trade council sign MOU
        37 17 UNITED Overseas Bank and the China Council for the Promotion of International Trade (CCPIT) signed a memorandum of understanding yesterday to promote foreign investment and trade between China and South-east Asia.
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      • Article
        Lock icon Hersing to be delisted on Nov 21
        32 17 REAL estate group Hersing Corporation will be delisted from the Singapore Exchange on Nov 21 following AHC Pte Ltd’s completion of the compulsory acquisition exercise.
        32 words
      • Article
        Lock icon Fabchem expands capacity in Hebei
        40 17 FABCHEM China is planning to invest 30 million yuan (S$5.9 million) to expand its ammonium nitrate production capacity in Hebei, China. This is expected to raise production volume by 85 per cent to 130,000 tonnes.
        40 words
      • Article
        Lock icon Eight stocks enter MSCI Singapore Index
        59 17 EIGHT locally listed stocks have entered the MSCI Singapore Index. These include Ascendas Hospitality Trust, Cosco Corporation (Singapore) and Yoma Strategic Holdings. Five counters exiting the index include CapitaCommercial Trust and Jaya Holdings. The changes in constituents for the MSCI Global Small Cap Indices
        59 words
    • Article
      Lock icon Kitchen Culture exits property plan
      368 17  -  By Ong Chor Hao ongch@sph.com.sg Singapore KITCHEN Culture Holdings will not be making a move into property after all. Yesterday, the Catalist-listed firm told the Singapore Exchange (SGX) that it has terminated a memorandum of understanding (MOU) with an “unrelated third party” for the establishment
      368 words
    • Article
      Lock icon European equities due for re-rating
      509 18  -  Risk premium is at an ‘all-time high’ of 9.7%, notes Schroders, while average premium over the last 30 years is 4-5% By Genevieve Cua gen@sph.com.sg London EUROPEAN equities offer potential for a significant re-rating over the next three to five years, says Schroders head of
      509 words
    • Article, Illustration
      Lock icon SGX raises $1.388m from Bull Charge
      251 18  -  By Arthur Lee arthurl@sph.com.sg Singapore SINGAPORE Exchange (SGX) has raised $1.388 million from the Bull Charge 2012 charity run which took place yesterday. “This year, the beneficiaries will receive a 20 per cent increase in funds compared with last year,” said SGX. The event
      PHOTO: ARTHUR LEE  -  251 words
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  • Page 18 Advertisements
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      448 18 OFFICE EQUIPMENT FURNITURE FOR SALE Computers and office furniture are available for sale on an “as-is-where-is” basis, without warranties, certifications or undertaking. Viewing strictly by appointment only to be emailed to the following address wenny@donhoassociates.com before 5pm 19 November 2012. IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND
      448 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon S’pore still has long way to go in research and development: PM
      594 19  -  New Create centre to groom S’poreans for leadership positions in research institutes By Lee U-Wen leeuwen@sph.com.sg WHILE Singapore has attracted many foreign institutes and scientists to conduct their research and development (R&D) activities here, the objective is not
      594 words
    • Article
      Lock icon Integrated resorts are here to stay: Iswaran
      543 19  -  YESTERDAY IN PARLIAMENT Reports by Lynn Kan lynnkan@sph.com.sg EVEN as the government beefs up social safeguards to contain the rise of problem gambling, it will ensure that the integrated resorts (IRs) benefit the economy in the future as neighbours such as Vietnam, South
      543 words
    • Article
      Lock icon Foreign investors not impacting industrial rents much: Hng Kiang
      237 19 FOREIGN investors in Singapore’s industrial property probably do not exert a significant impact on the rentals of factory space here, Minister for Trade and Industry Lim Hng Kiang said yesterday. He said that while Singapore does not collect data on whether
      237 words
    • Article
      Lock icon More help at hand for food services firms
      550 20  -  Govt to set up productivity centre, provide more funds to restaurant association to help raise efficiency levels By Felda Chay feldac@sph.com.sg FOOD services firms working to up their productivity levels can look forward to more help from the government, which is setting
      550 words
    • Article, Illustration
      Lock icon Philanthropists should adopt a higher profile
      483 20  -  By Andrea Soh sandrea@sph.com.sg IN order for the philanthropy scene in Asia to grow to the next stage, philanthropists here should adopt a higher profile. This will help educate and encourage more people to give as well, panellists said yesterday on the second day
      PHOTO: LIM SIN THAI/THE STRAITS TIMES  -  483 words
    • Article
      Lock icon Employment Act and PMEs: Bosses urge flexibility
      299 20  -  By Ong Chor Hao ongch@sph.com.sg THE Singapore National Employers Federation (SNEF) has backed the labour movement’s call to extend coverage of the Employment Act (EA) to more white-collar workers, but urges flexibility to contain costs. It said yesterday that employers currently have flexibility
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  • WEEK IN REVIEW
    • THIS WEEK Nov 12-16, 2012
      • Article
        Lock icon Singapore banks resilient amid slow growth
        35 21 THE three local banks have turned in better-than-expected third-quar-ter profits despite slowing growth and fierce competition, in yet another sign of the resilience of the domestic and regional economies.
        35 words
      • Article
        Lock icon Sales down for flats worth $10m and more
        46 21 SALES of luxury condos and apartments priced $10 million and above have taken a hit this year, with 33 such properties changing hands in the first 10 months, down from 57 units in the same period last year.
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      • Article
        Lock icon Foreign worker curbs: Ample warning given
        45 21 SMALL and medium-sized enterprises have had ample time two years, to be exact to prepare for the tightened foreign manpower curbs to kick in, Senior Minister of State for Trade and Industry Lee Yi Shyan told Parliament on Monday.
        45 words
      • Article
        Lock icon Japan mulls over tough response as recession looms
        51 21 JAPAN’S slide back into recession by the end of this year seems almost certain with confirmation on Monday that the world’s third largest economy contracted by 0.9 per cent in the third quarter of 2012 or an annual rate of 3.5 per
        51 words
      • Article
        Lock icon Business outlook gloomier in Q3
        39 21 BUSINESS pessimism continues to spread among companies in Singapore although the contagion has slowed. Sentiment worsened even as business activity weakened further in the third quarter, says the latest Business Times-UniSIM Business Climate Survey.
        39 words
      • Article, Illustration
        Lock icon Lamborghini Roadster makes world debut in Singapore
        70 21 EIGHT units of the Lamborghini Aventador LP700-4 Roadster have been ordered even before the exact price is finalised, after the latest model from the Italian super sports carmaker was unveiled at its world debut on Monday night in Singapore. TAKING FLIGHT EIGHT units
        PHOTO: LAMBORGHINI  -  70 words
      • Article
        Lock icon Japan parties agree on budget deficit-funding Bill
        54 21 DRIVEN by political expediency as well as economic necessity, the ruling Democratic Party of Japan and the main opposition Liberal Democratic Party reached an elev-enth-hour agreement on Tuesday on passing a budget deficit-fund-ing Bill in parliament, thereby avoiding a Japanese version of the
        54 words
      • Article
        Lock icon Mega sukuk issue creates ripples here
        34 21 SINGAPORE investors dipped heartily into the world’s first Syari-ah-compliant Tier 1 perpetual sukuk (Islamic bonds) despite the financial centre not being known for its appetite for Islamic finance.
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      • Article
        Lock icon China’s new reformer and his village
        41 21 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 China. His doctorate in economics speaks of his credentials.
        41 words
      • Article
        Lock icon Japanese premier to dissolve Parliament
        51 21 JAPAN’S turbulent political situation was thrown into further flux on Wednesday when Prime Minister Yoshihiko Noda declared his wish to dissolve the lower house of Parliament on Friday opening the door to a general election next month provided the main opposition parties agreed to certain
        51 words
      • Article
        Lock icon Kirin in tow, OUE hurls hat into F&N ring
        60 21 OVERSEAS Union Enterprise has not only gained insider access to the Fraser and Neave takeover party, it has brought along some friends. The property group is leading a consortium in a $13.1 billion bid to take over F&N, and has managed
        60 words
      • Article
        Lock icon New private home sales take a hit after mortgage curbs
        36 21 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 6.
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      • Article
        Lock icon Xi Jinping era begins; leadership line-up unveiled
        71 21 COMPLETING only its second orderly handover of power in more than six decades of rule, the Chinese Communist Party on Thursday unveiled a new leadership slate headed by Xi Jinping, the son of a revered revolutionary leader and economic reformer, who will face
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    • Article
      Lock icon NEXT WEEK Nov 19-23, ’12
      77 21 US DATA Nov 19 October Existing Home Sales Nov 21 MBA Mortgage Index SINGAPORE DATA Nov 21 Q3 Wholesale Trade Index Not later than Nov 23 Q3 Gross Domestic Product Nov 23 October Consumer Price Index EVENTS Nov 19 TOKYO Bank of Japan holds Monetary
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  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      336 21 Across 1 Love to paddle back large boat (7) 5 What cricketers might do, say? (7) 9 More annoyed from breaking earring (7) 10 Soldier returned: no communist’s overlooked (7) 11 Steel smashed policeman by bottom of bridge it might make one see stars! (9) 12 Private meal with no
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    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 2
      3 21 SATURDAY with Ludwig
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Company cards can help you scrimp and save
      775 22  -  Debunk the myths about corporate cards and you will unlock the potential of this useful tool to track spending in real time and help you yield more savings FROM THE DESK OF Jennifer Berthold Vice-President and General Manager, Global Corporate Payments American
      775 words
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  • WORLD
    • Article
      Lock icon US manufacturing edge slipping: report
      715 23 It will fall in ranking to No 5 from third in next 5 years; India, Brazil to move up Bloomberg Chicago THE US, the world’s largest economy, will slip to fifth place from third in manufacturing competitiveness in the next five years as India and
      Bloomberg  -  715 words
    • Article, Illustration
      Lock icon Asean leaders expected to launch world’s biggest FT A
      456 23  -  RCEP will help realise trade worth $20.7 trillion By Chuang Peck Ming peckming@sph.com.sg Phnom Penh ASEAN leaders meeting over the next three days at the 21st Asean Summit are expected to launch the world’s biggest free-trade market the Regional Comprehensive Economic
      PHOTO: AP  -  456 words
    • Article, Illustration
      Lock icon HK avoids recession with faster Q3 growth
      592 24 Seasonally adjusted third-quarter data stronger than forecast; September exports up 15.2% year on year Reuters Hong Kong HONG Kong’s economy expanded faster than expected in the third quarter, helping the trade-depend-ent territory avoid a recession as its exports and retail sector regained traction
      Reuters; PHOTO: AFP  -  592 words
    • Article
      Lock icon China’s commerce minister voted out
      484 24 Reuters Beijing CHINA’S commerce minister was surprisingly blocked from a spot on the ruling Communist Party’s elite body during a conclave this week, sources said, a rare snub for an official that could raise questions about trade policies during his tenure. The failure of Chen
      Reuters  -  484 words
    • Article, Illustration
      Lock icon Europe hardest hit as big banks plan lay-offs
      753 25 Tally of nearly 160,000 planned job cuts is likely to be a conservative estimate Reuters London MAJOR banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the
      Reuters; PHOTO: AFP  -  753 words
    • Article
      Lock icon Bank bailout money may be lost: UK report
      368 25 Bloomberg London UK taxpayers may never recover the money used to bail out Royal Bank of Scotland Group and Lloyds Banking Group after the Treasury made a loss on the sale of Northern Rock plc, legislators said. The House of Commons Public
      Bloomberg  -  368 words
    • Article
      Lock icon India probes Walmart over forex rule violation
      662 26 Allegations relate to its investment through debentures; US firm denies any wrongdoing Reuters New Delhi INDIAN authorities are investigating claims that Walmart Stores Inc violated foreign-exchange rules when it invested US$100 million in a domestic unit owned by its wholesale joint-venture partner, a
      Reuters  -  662 words
    • Article
      Lock icon BP to pay US$4.5b in fines for Deepwater Horizon spill
      517 26 A-G puts oil firm on notice with criminal investigation ongoing AFP Louisiana BP agreed on Thursday to pay US$4.5 billion in US fines for the Gulf of Mexico oil spill and pleaded guilty to 14 counts, including felony manslaughter, in
      AFP  -  517 words
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  • Page 24 Advertisements
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      25 24 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
      25 words
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      62 26 A L 3 GOURMETS TRAVEL i 'v ft* COOK EAST WE CHALLENGE BUDDING CHEFS TO GIVE ASIAN INGREDIENTS A NEW SPIN 80 FESTIVE WINES CURATED BY THE EXPERTS EAT WHERE THE WORLD S TOP CHEFS WOULD A-UST RESTAURANTS AND THEIR DREAM TEAMS A PUBLICATION OF PEAK sPHmagazines THE PEAK SELECTIONS
      62 words
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  • Article
    Lock icon SGX
    8031 27 Transaction date: Nov 16 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 14.3 11.4 8Telecom 12.2 11.8 18 66.8 0.4 2.9 58.4 6 3 A-Sonic 3.2 unch 170 3.2 3.2 3.2 3.5 4.1 22.9
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  • Article
    Lock icon SGX CATALIST
    1733 30 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 12.1 t 800 Super 18.2 -1.3 15 20.5 18.2 18.2 19.6 3.3 5.5 5.4 32.5 4 3 t AA Grp 3.1 2.6 3.9 3
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  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 30 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 10 0 0 0 0 6 10 0 Manufacturing 56 35 41 4 7 2 60 42 43 Commerce 20 20 18 3 2 2 23 22 20 Tpt/Stor/Comms 10 9 16
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    785 30 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 12 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Noble Group 15-Nov-12 Yusuf Alireza Buy 7250 1.08 0 0.00 7250 0.11 Noble Group 15-Nov-12 Richard Samuel
    785 words
  • Article
    Lock icon SECURITIES TRADING TURNOVER
    121 30 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,344 18,344 101,635 101,635 Manufacturing 261,675 109,611 371,286 311,034 852 311,886 Commerce 194,570 55,854 250,424 202,520 1,559 204,080 Tpt/Stor/Comms 135,814 15,907 151,721 228,439 4,827 233,266 Finance 14,871 81 14,952 137,948 35 137,983 Construction 45,113 77,676
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  • MARKETS
    • Article
      Lock icon LIFFE
      80 31 Nov 15 COCOA (£/tonne) Close Prev High/Low Dec 12 1604 1597 1612/1590 Mar 13 1602 1592 1610/1584 May 13 1607 1597 1615/1589 Jul 13 1613 1602 1620/1594 COFFEE(US$/tonne) Close Prev High/Low Nov 12 1893 1875 1890/1889 Jan 13 1903 1902 1912/1891 Mar 13 1920 1919 1929/1908 May 13 1936
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    • Article
      Lock icon METALS
      69 31 Nov 16 GOLD(US$/oz) Nov 16 Nov 14 Hong Kong 1723.9 1736.8 Nov 14 Nov 15 Nov 13 London 1716.99 1730.54 1718.21 1731.76 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 40.16 39.51 Source: UOB PLATINUM Lon (US$/oz) Nov 15 Close Previous PM Fix 1578.00 1583.00 AM Fix 1574.00
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    • Article
      Lock icon PALM OIL
      60 31 Nov 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 12 2366.0 2395.0 2372.0 2354.0 866 8950 Jan 13 2385.0 2434.0 2404.0 2384.0 6610 ***** Feb 13 2420.0 2461.0 2439.0 2416.0 ***** ***** Mar 13 2457.0 2495.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      86 31 Nov 16 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-14 102.09 102.13 102.13 5-Year N*****0Z 2.375
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 31 Nov 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2684 1.2698 1.0336 1.0339 Canadian dollar 1.2267 1.2283 1.0001 0.9996 Euro 1.5654 1.5669 1.2756 1.2758 NZ dollar 0.9955 0.9968 0.8112 0.8116 Sterling pound 1.9492 1.9511 1.5883 1.5886
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      94 31 As on 15 November 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1727.60 1706.00 1713.70 INDIA GOLD (E-GOLD) FUT DEC2012 575.35 573.80 572.80 CURRENCY EUR-USD FUT DEC2012 1.2794 1.2736 1.2777 BASE METAL COPPER FUT DEC2012 7654 7637 7633 INDEX IRON ORE (MBIO) IDX
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    • Article
      Lock icon CHICAGO BOT
      103 31 Nov 15 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 13 1402.00 1419.00 1427.75 1401.00 Mar 13 1384.00 1398.75 1408.75 1382.75 May 13 1362.25 1377.25 1389.00 1361.50 Jul 13 1354.50 1366.25 1377.25 1353.50 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Dec 12 47.46 47.67 48.17 47.42
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    • Article
      Lock icon OIL
      68 31 Nov 15 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 108.77 0.42 WTI (Near Mth) 85.34 -0.98 Dubai (1-Mth F) 105.95 0.86 Tapis blend 113.9 0.45 Minas 107.48 0.45 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.56 1.34 Jet Kerosene 125.34 1.44 US$/barrel OpecOil Basket Price 107.23
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 31 Nov 16 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.293 1.232 Can dollar 1.25 1.191 Euro 1.601 1.525 Sterling pound 1.978 1.902 NZ dollar 1.022 0.965 US dollar 1.248 1.189 Local dollars to 100 units of foreign currency: Currencies Sell
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    • Article
      Lock icon LONDON METALS
      69 31 Nov 15 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1943.00 1948.75 3 months 1964.00 1970.00 Copper, Grade A (US$/tonne) Cash 7630.50 7631.25 3 months 7639.50 7640.00 Lead (US$/tonne) Cash 2215.50 2189.00 3 months 2199.00 2185.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 31 In local curr In S$ In US$ dy yr dy yr dy yr Nov 15 Index Change Change Change Change Change Change World Preliminary 879.9 -0.4 6.0 -0.3 -0.1 -0.4 5.8 EAFE Preliminary 719.1 -0.3 5.4 -0.1 -1.1 -0.3 4.7 Europe Preliminary 1088.3 -0.8 6.0
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    • Article, Illustration
      Lock icon STOCK MARKETS
      108 31 Straits Times Index YTD change: +11.31% 52-week high: 3,110.86 on Oct 5,2012 52-week low: 2,606.52 on Dec 20,2011 Source: Bloomberg Hang Seng Index YTD change: +14.78% 52-week high: 22,149.70 on Nov 2,2012 52-week low: 17,613.20 on Nov 25,2011 Source: Bloomberg Shanghai Stock Exchange Composite YTD change: -8.40% 52-week
      Source: Bloomberg  -  108 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Battle between the Future and the Past
      942 32 / 33  -  Voting behaviour in the US used to be simply Left versus Right or Rich versus Poor. But it seems this may no longer hold true, as the latest exit polls show Leon Hadar Washington correspondent PUNDITS have been going over the US presidential
      PHOTO: BLOOMBERG  -  942 words
    • Article
      Lock icon Moral responsibility in an age of globalisation
      815 32 / 33  -  By Jean-Pierre Lehmann ~The writer is emeritus professor of international political economy, IMD, and senior fellow, Fung Global Institute, Hong Kong. SEVERAL years ago, I was approached by an Indian student following a lecture I had given on globalisation and the interdependence of
      815 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Pulling the plug on junk bonds
        1438 34 / 35 Uncertainty in the market over the looming ‘fiscal cliff’ has resulted in US$1.2b being yanked from junk-bond mutual funds in the week ended Nov 14, the biggest outflow since June 6 Bloomberg New York THE fiscal cliff may have arrived early in the US$1
        Bloomberg; FILE PHOTO  -  1,438 words
      • Article
        Lock icon BROKERS' TAKE
        739 34 / 35  -  Compiled by Cai Haoxiang Singapore property companies DBS Group Research Nov 16 PRIMARY sales reflect some impact from cooling measures. October primary homes sales (excluding executive condominiums) slipped 25.6 per cent month-on-month to 1,948 units. Adding ECs, the number would have reached 2,624 units, a tad below last
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      • Article, Illustration
        Lock icon Business trusts scrutinised
        1545 36  -  CFA Institute explores some of their features, risks to investors and corporate governance issues, among others SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder WE are often too fixated with return ON capital, and neglect to fully consider the
        FILE PHOTO  -  1,545 words
    • WEALTH REAL ESTATE
      • Article
        Lock icon Househunt
        1066 38 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN OCT 17 AND OCT 23, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED One Shenton Apt 19/10/2012 99 850 1750 2059 V on Shenton Apt 23/10/2012 99 1098
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      • Article, Illustration
        Lock icon Katong Junction sold for $55.28m
        623 39  -  Price paid by group led by real estate investor Kishore Buxani works out to $1,162 psf on GFA By Kalpana Rashiwala kalpana@sph.com.sg Singapore KATONG Junction, a four-storey freehold commercial building at Joo Chiat Road, has been sold for $55.28 million. This works out to $1,162
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      • Article
        Lock icon JTC’s prepared industrial land allocation down 25%
        253 39  -  By Angela Teng angeteng@sph.com.sg Singapore JTC Corporation’s net allocation of prepared industrial land (PIL) fell 25 per cent to 23.1 hectares (ha) in the third quarter of 2012 from 30.8 ha in the previous quarter. Gross allocation of PIL was higher at 57.4
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      Lock icon Page 37 Advertisements Column 1
      286 37 The Tools The Trades The TrusT Since 1997 GFT Markets have been providing traders with the best possible trading tools, the best possible value, the best possible service and above all, integrity in everything we do. We offer CFDs and FX with powerful execution and competitive spreads. Talk to one
      286 words
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  • Page 40 Advertisements
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      122 40 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. AN EVOLUTION OF THE RULE BREAKING AUDEMARS PIQUET ROYAL OAK LUXURY SPORTS WATCH, THE ROYAL OAK OFFSHORE POSESSES A DRAMATIC AND PURPOSEFUL AESTHETIC THAT TURNS FUNCTIONAL ELEMENTS INTO ICONIC DESIGN FEATURES. AT 44 MILLIMETRES DIAMETER, THE OFFSHORE COMMANDS A UNIQUE PRESENCE,
      122 words
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      60 1 LivingBTTHE BUSINESS TIMES WEEKEND NOVEMBER 17-18 2012 FIRING UP, INDONESIAN STYLE On the hunt for new, edgy Indonesian eateries L2-4 PHOTO: MEDAN TOWN STYLE Black Friday frenzy L8-9 GADGETS Over-the-top headphones L13 GUEST CHEF David Toutain's edgy cuisine L5 TRAVEL On the truffle trail L6-7 BEAUTY WELLNESS Lunch hour nip
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon Firing up, Indonesian-style
        2581 2 / 3  -  Why aren’t there more mid to high-end Indonesian restaurants here? Debbie Yong finds the answers and also spotlights three new Indonesian eateries with a twist Debbie Yong debyong@sph.com.sg WHILE Thai and Vietnamese food have evolved over time to become staple fodder for hip noodle bars and ultra-contemporary,
        PHOTOS: DEBBIE YONG; PHOTO: MEDAN TOWN  -  2,581 words
      • Article, Illustration
        Lock icon Giving legumes the leading role
        1116 5  -  David Toutain tells Debbie Yong about his love for the humble vegetable, and convivial, communal dining guest chef Debbie Yong debyong@sph.com.sg DAVID Toutain doesn’t do fancy dish titles. A menu for a dinner by the 31-year-old French chef would read something like a supermarket shopping
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    • TRAVEL
      • Article, Illustration
        Lock icon On the scent of truffles
        1420 6 / 7  -  The highly prized bulbs from the Piedmont region in Italy are worth their weight in gold. By Jaime Ee MUSHROOMSaren’t the only things that sprout after the rain. In Italy’s Piedmont region, it’s truffle hunters. After a couple of water-logged days, the afternoon sunshine in
        ALL PHOTOS: JAIME EE  -  1,420 words
    • STYLE
      • Article, Illustration
        Lock icon BLACK FRIDAY FRENZY
        1196 8 / 9  -  Millions of shoppers in America will be out in full force on Nov 23, the sales event of the year known as Black Friday. Savvy Singaporeans too can cash in on goods offered at deep discounts by going online in the comfort of home. By Tay Suan
        1,196 words
    • CEOS' HAWKER CHOICES 2012
      • Article, Illustration
        Lock icon In porridge haven
        2380 10 / 11  -  Hawker fare generally isn’t something your doctor or dietitian would recommend but for the health-conscious, there’s always fish soup or porridge they can opt for. The dish is commonly prepared either Teochew or Cantonese-style, with hawkers porridgehaven using different types of fish and ingredients to give the
        ALL PHOTOS BY: YEN MENG JIIN; PHOTO: YEN MENG JIIN; PHOTOS: DEBBIE YONG  -  2,380 words
      • Article, Illustration
        Lock icon Fresh, not frozen, and a strong fire
        644 12  -  By Cheah Ui-Hoon uihoon@sph.com.sg Patrick Liew CEO, HSR Global Ltd PATRICK Liew doesn’t just stop at food appreciation; his penchant for food extends to his workplace and even the charity work he does. About four years ago, he hired three cooks including a
        PHOTO: HSR GLOBAL LTD  -  644 words
    • GADGETS
      • Article, Illustration
        Lock icon Over the top delights
        806 13  -  Full-sized circumaural headphones with cups that completely cover your ears provide better sound quality than more compact options. Christopher Lim looks at some of them Christopher Lim limchris@sph.com.sg Denon Music Maniac AH-D7100 $1 ,699 BEARING in mind that Denon’s Music Maniac AH-D7100 comes with a detachable
        806 words
    • BEAUTY/WELLNESS
      • Article, Illustration
        Lock icon Lunch hour nip & tuck
        1122 14 / 15  - Lunch hour nip tuck Demand for non-invasive treatments is the fastest-growing segment in aesthetics, especially in more conservative markets such as Singapore’s. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg JUST a decade ago, going for a “quickie” during lunch time meant only one or a couple of things. But now,
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    • SPORTS
      • Article, Illustration
        Lock icon Clash of the titans
        764 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent IT’S not often that some of the top players on the men’s professional tennis tour come visiting. Come to think of it, I was still in my teens when ten-nis-starved Singapore last hosted an ATP event, the now-defunct Heineken
        PHOTOS: AP, RON ANGLE, AFP  -  764 words
    • GOLF
      • Article, Illustration
        Lock icon Making the Yangon links
        1029 17  -  A growing number of golfers are discovering what Myanmar offers. By Justine Moss btnews@sph.com.sg MYANMAR may not have been a golfing destination of choice for regional golfers in recent decades, but this state of affairs is changing with the recent lifting of economic sanctions, the opening
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    • MOTORING
      • Article, Illustration
        Lock icon The electric advantage
        533 18  -  For the same price as the 740Li, the BMW ActiveHybrid 7 gets an electric boost. By Samuel Ee samuelee@sph.com.sg PERHAPS more satisfying than going green in a performance hybrid is the prospect of going faster. As a petrol-electric hybrid, the BMW ActiveHybrid 7 has a 3.0-li-tre, six-cylinder
        533 words
      • Article, Illustration
        Lock icon THE NEW KIA STANDARD
        521 19  -  The Korean carmaker shows it has arrived with the well-appointed K9 luxury sedan, the flagship model of the fastest-growing car brand in the world. By Samuel Ee By Samuel Ee THERE comes a stage in every car manufacturer’s life when it graduates from the minor league
        521 words
      • Article, Illustration
        Lock icon Back to the USA
        599 20  -  The circuit in Austin, Texas is a brand new track and is unusual for being anti-clockwise. f1 watch By Samuel Ee samuelee@sph.com.sg TWO more races and then everyone can finally decide whether Red Bull’s Sebastian Vettel is a sublime speedster able to zip from the pits
        PHOTO: AP  -  599 words
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      903 4 wine&dine with BTWeekend Atrium Lounge Level 4, Marina Mandarin Singapore 6 Raffles BoulevardZ6845 1111 Atrium Lounge Specials Till 30 November 2012 Inspired by gemstones, Atrium Lounge’s specially concocted Jewel Shots, such as Sapphire Storm and Ruby Rush, are the talk of the town this season! Bottoms up at only $35++
      903 words
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  • Page 10 / 11 Advertisements
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      66 10 / 11 CREATING VALUE ENHANCING ASSETS Knight Frank Knight Frank’s Estate Management Team offers experience and expertise into asset management and facility management of boutique projects to mass market projects across all property types. Call Knight Frank Estate Management Team at 6848 5678 for the full suite of property and facility management
      66 words
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  • Page 14 / 15 Advertisements
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      258 14 / 15 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or a
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      33 16 HOME NEE S It's time to finally get rid of these pests! To find out more, turn to CLASS 116 in CATS Classified in The Straits Times now. ESAT3 BUY IT-SELL IT-FIND IT
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