The Business Times, 21 November 2012

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Microfilm: NL32294
Total Pages: 37
1 38 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, November 21, 2012
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  • Article
    Lock icon Labour crunch: Better to fine tune than U-turn
    747 1  -  Tharman says policy could be refined depending on actual outcomes By NISHA RAMCHANDANI [SINGAPORE] As Singapore seeks to manage foreign worker growth, adapting policy to real outcomes will sidestep the need for big changes in the long run that could significantly disrupt
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 2,958.82 (+7.89) GST INDEX FUTURES 2,959.00 (+8.00) GSIMSCI 334.27 (+1.20) GSIMSCI FUTURES 334.10 (+1.30) us$ s$ US$ (S$ per US$) 1.224 (US$/S$ per 1.591 1.947 EURO (US$/S$/€) 1.278 1.564 Foreign currency per US$ S$ YEN 81.20 66.30 RM 3.059 2.498 HK$ 7.752 6.331 BAHT 30.70 25.08 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,624.20 +0.89 NIKKEI 225 9,142.64 -10.56 HANG SENG 21,228.28 -33.78 SET INDEX 1,276.41 -7.24 JAKARTA COMP 4,312.37 -1.07 MANILA COMP 5,500.58 +51.03 SEOUL COMP 1,890.18 +12.08 SHENZHEN B 596.99 +4.28 MUMBAI IND 18,329.32 -9.68 10.30am EST Change DOW 12,771.70 -24.26 NASDAQ 2,914.08 -1.99
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    • Article
      Lock icon PRIME RATES
      18 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA 14.452 TAIWAN 5 036 JAPAN 1.475 Source: Bloomberg
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  • Article, Illustration
    Lock icon Olam hits out as stock sinks in Muddy Waters
    963 1  -  It denies charges, threatens legal action; says US short-seller visited its office incognito By ANDREA SOH [SINGAPORE] On a dramatic day when its finances were labelled a “black hole”, commodities supplier Olam International hit back at its accuser yesterday claiming that
    Source: Bloomberg  -  963 words
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      47 1 FRAUD Ex-UBS trader jailed 7 years over US$2.3b loss PAGE 4 MOODY’S DOWNGRADE France takes loss of top rating in stride page 2 Singaporebecomes a Bimco arbitration centre It joins London and New York as the Asian alternative for dispute resolution I PAGE 4 8 *****1 *****4
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      64 1 LAND TRANSPORT Volkswagen dominates small-car COE category PAGE 28 My name:Henry My business: Enterprise cloud solutions My passion:Performance-driven technologies My private bank:Julius Baer, because they master the balance of performance and stability The leading Swiss private banking group. Since 1890. www.juliusbaer.asia Julius Baer is present in over 40 locations worldwide.
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      12 1 EXEC MONEY Expect a roller coaster ride in the markets PAGE 38
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  • TOP STORIES
    • Article, Illustration
      Lock icon France takes loss of top rating in stride
      898 2  -  Impact on bonds, shares and currency muted as country has many strengths By NEIL BEHRMANN in London MOODY’s has followed Standard Poor’s in stripping France of its Triple A credit rating, but the impact on French sovereign bonds, the stock market and
      PHOTO: AFP  -  898 words
    • Article
      Lock icon October housing starts hit 4-year high, lifting recovery hopes
      410 2 Superstorm Sandy’s impact on the data minimal, says govt LATEST US DATA Reuters [WASHINGTON] US housing starts rose to their highest rate in more than four years in October, suggesting the housing market recovery was gaining steam, even though permits for
      Reuters  -  410 words
    • Article
      Lock icon Correction
      54 2 IN Integrated resorts are here to stay: Iswaran” (BT, Nov 17), we wrongly reported that Singaporean visitors had declined to 10-20 per cent of all visitors to the casinos since 2010. It should have been Singaporean visitors have declined by 10-20 per cent from 2010 to 2011. We are
      54 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      527 2 Olam hits out as stock sinks in Muddy Waters ON a dramatic day when its finances were labelled a “black hole”, commodities supplier Olam International hit back at its accuser, claimed that he had sneaked undercover into its offices and threatened legal action to defend itself. The fightback
      527 words
    • Article, Illustration
      Lock icon PM: Regional comprehensive partnership a major initiative
      827 4  -  Summit ends with disagreement over how to deal with S China Sea issue By CHUANG PECK MING in Phnom Penh THE 21st Asean Summit wrapped up yesterday on a somewhat dampened note, with several members protesting against “some inaccuracies” in the chairman’s draft
      PHOTO: LI AN HE ZAOBAO  -  827 words
    • Article
      Lock icon Singapore becomes a Bimco shipping arbitration centre
      534 4  -  Republic added for more global choice, representing heavyweight Asian region By LYNN KAN [SINGAPORE] The Baltic and International Maritime Council (Bimco) has had a change of heart about including Singapore as an arbitration venue for dispute resolution alongside longstanding seats in London and
      534 words
    • Article, Illustration
      Lock icon Former UBS trader jailed 7 years over US$2.3b loss
      476 4 Reuters AP [LONDON] Former UBS trader Kweku Adoboli was convicted and sentenced to seven years in jail yesterday for the biggest fraud in British history, which resulted in a loss of US$2.3 billion for the Swiss bank. Ghanaian-born Adoboli, 32, a
      Reuters; AP  -  476 words
    • Article
      Lock icon There was never any actual conflict of interest: Ng
      969 4  -  CPIB used ‘appalling’ tactics to extract guilty plea, he says SEX-FOR-CONTRACTS CASE By GRACE LEONG [SINGAPORE] Former Central Narcotics Bureau (CNB) chief Ng Boon Gay yesterday acknowledged that he should have declared what he called a “perceived” conflict of interest when
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      167 2 f r jsHwa Chong it rrcpi iational school A MEMBER OF THE HWA CHONG FAMILY OF SCHOOLS Internationalism Innovation Independence a rs i m \y* A f We are a local international school offering the Cambridge International General Certificate of Secondary Education (IGCSE) and International Baccalaureate Diploma (IBDP) programmes. ■4
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      86 3 I I w: 7? -> V i? v v *■> J0 I>v. s r L >► y -1 3 **jy^ %v !vV #1 ivK/ aa. 3^ S •'v' 5..' ;< >. X----: V. fa&'t s < f *y, V'- V -4r>y J&7 O ■<t £> '»>' T.-: > r J?'
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      87 4 Setting up a call centre??? All-Touch™ Virtual Call Centre onverged Solutions Hosted Call Centre, Hosted SMS, Hosted IVR, Hosted CRM, On-Demand. Answer Calls from office, home or anywhere with Internet Supports 'do-not-call' list No need to buy, subscription basis. From $985 per month International Toll-Free Numbers Backup and Redundancy Interactive
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  • COMPANY NEWS
    • Article
      Lock icon Northstar buys 50.05% of NeraTel, makes general offer
      481 5  -  Controlling stake comes from Eltek; offer at 49 cents per share By JOYCE HOOI EQUITY investment firm Northstar Group has bought a controlling stake of 50.05 per cent in Nera Telecommunications Ltd (NeraTel) from Eltek ASA. Northstar is also launching a mandatory
      481 words
    • Article
      Lock icon UOB buys ING Funds (Thailand) for 10m euros
      356 5  -  By LEE MEIXIAN UNITED Overseas Bank (UOB) will buy ING Group’s Thailand asset management unit for 10 million euros (S$15.6 million), as the Dutch financial group continues to divest itself of its Asian assets to pay off the state bailout it received
      356 words
    • Article, Illustration
      Lock icon Block raises stakes with attack on Olam
      399 5 REUTERS BREAKINGVIEWS [HONG KONG] Carson Block is going after bigger game. The short-selling investor has established a track record in recent years exposing fraud at Chinese companies through his research firm Muddy Waters. So his decision to raise doubts about commodity trader Olam’s
      PHOTO: BLOOMBERG  -  399 words
    • Article
      Lock icon Yoma’s $101m placement gets strong support
      451 5  -  Capital Group to emerge with substantial stake of 7.09% By KENNETH LIM YOMA Strategic Holdings has broadened its investor base with a $101 million private placement. The fund-raising exercise saw strong interest from institutional investors, a market source told BT. Yoma, a property developer
      451 words
    • Article
      Lock icon S-Reits’ yield outperforms returns of other Asian markets
      448 7  -  By MINDY TAN PROVIDING an average yield of 6.39 per cent, Singapore’s real estate investment trust (S-Reit) market provides one of the highest average yields compared with other developed Asian markets, including Japan (5.9 per cent), and Hong Kong (5.16 per cent).
      448 words
    • Article
      Lock icon ThaiBev Q3 profit up 16% on spirits sales
      287 7  -  By KENNETH LIM THAI Beverage Public Co posted a 16 per cent increase in third-quarter profit on the strength of its spirits business, although margins narrowed on higher selling expenses and foreign exchange losses. ThaiBev, a Thailand based drinks company, said profit
      287 words
    • Article
      Lock icon Time to tighten rules for business trusts ?
      757 7  - Time to tighten rules for business trusts HOCK LOCK SIEW By TEH HOOI LING Eleven business trusts had been launched on the Singapore Exchange since the first one Pacific Shipping Trust hit the market in May 2006. That maiden business trust on SGX has since been taken private. And then
      757 words
    • Article
      Lock icon PICTET
      273 8 Pictet-Absl Rtn Glo Cons-P EUR 16.11.2012 EUR 105,12 Pictet-Absl Rtn Glo Div-P EUR 16.11.2012 EUR 119,04 Pictet-Asian Equities Ex Japan-P USD 16.11.2012 USD 164,41 Pictet-Asian Local Currency Debt-P USD 16.11.2012 USD 152,41 Pictet-Biotech-P USD 16.11.2012 USD 338,80 Pictet-Clean Energy-P USD 16.11.2012 USD 58,74 Pictet-Digital Communication-P USD 16.11.2012 USD 137,98
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    • Article
      Lock icon Asian bond market to stay on growth path
      431 8  -  Higher capital ratios for banks seen as a driving factor, says StanChart By ANDREA SOH THE growth in the bond market in Asia over the past year is set to continue for the next five years. It will be driven by the
      431 words
    • Article
      Lock icon Creative unveils US$50m deal with Intel
      311 8  -  By ANGELA TENG CREATIVE Technology Ltd has inked a US$50 million deal with Intel Corp to license technology and patents via its subsidiaries. The deal, which is expected to be completed this quarter, is part of Creative’s strategy to streamline its businesses. The first
      311 words
    • Article
      Lock icon MIIF wary of disruption to strategic review
      506 8  -  By ONG CHOR HAO THE main reason that the board at Macquarie International Infrastructure Fund (MIIF) called for a rejection of a move that could shake up the boardroom was that it could disrupt a strategic review that is already underway. A group
      506 words
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      284 5 Cash Out m Crisis Warren Buffett is able to compound an annual average of 20% from his investments for 40 years, turning $9,800 to over 40 billion. The great Sir John Templeton, one of the greatest stock picker of all time, outperform and outbeat the market consistently for 5 decades.
      284 words
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      405 5 In 2015, global tech companies are expected to deliver 1.5 billion smartphones. What does this have to do with your portfolio? Get Substance the UBS House View Go to www.ubs.com/investment-ideas or scan the QR code with your smartphone 0 0 a Please contact your UBS client advisor, or call +65
      405 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Weak Europe opening trims STI rise
      594 6  -  Index closes a mere 7.9 points up after rising up to 23 points in the morning STOCKS R SIVANITHY Senior Correspondent A REBOUND in Western markets overnight, thanks mainly to a rise on Wall Street, helped stabilise the local market for most of yesterday’s
      Source: Bloomberg  -  594 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      72 6 Nov 20 VALUE CLOSE BT OB/OS -508.00 +100.00 BT CADI -*****.00 +13.00 BT 10-day MA -*****.00 -51.00 FTSE ST Mid Cap 728.68 +1.33 FTSE ST Small Cap 475.76 +0.57 FTSE ST All Share 725.36 +1.77 FTSE ST China Top 194.29 -0.21 FTSE ST China 219.96 -0.41 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      53 6 VOLUME YHM 251,815,000 Transcu Grp 165,837,000 Contel 132,372,000 Olam 119,971,000 Oceanus 102,927,000 GSH Corp 102,343,000 Yoma 101,892,000 Noble Grp 66,783,000 Golden Agri 56,158,000 Ntegrator 55,538,000 VALUE($) Olam 193,190,030 Noble Grp 71,463,765 Keppel Corp 70,053,630 Yoma 61,769,430 SingTel 52,091,250 SembMar 46,187,070 F&N 36,637,420 Wilmar 36,395,920 GLP 34,735,138 Golden
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 7 3 0 0 0 7 7 3 Manufacturing 38 45 41 4 4 6 42 49 47 Commerce 19 19 20 1 3 2 20 22 22 Tpt/Stor/Comms 12 10 14
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    • Article
      Lock icon BROKERS’ TAKE
      1019 6  -  Compiled by KENNETH LIM Nam Cheong Nov 20 close: S$0.23 OCBC Investment Research, Nov 20 NAM Cheong has a very strong market position in Malaysia (estimated 75 per cent domestic market share for offshore support vessel or OSV shipbuilding) due to its effective outsourcing strategy and home ground
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,393 18,393 108,952 108,952 Manufacturing 382,068 95,675 477,743 222,382 2,349 224,731 Commerce 456,933 59,693 516,626 328,711 1,915 330,626 Tpt/Stor/Comms 81,538 24,918 106,456 132,709 7,520 140,229 Finance 22,161 887 23,048 94,016 404 94,420 Construction 60,071 252,486
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 6 Stock name Close Change CapMallsAsia 1.775 +0.015 CapitaLand 3.330 +0.030 CapitaMall 2.100 +0.020 CityDev 11.110 +0.240 ComfortDelGro 1.590 +0.010 DBS Grp 13.820 +0.110 F&N 9.390 +0.040 GLP 2.540 +0.020 Genting SP 1.230 Golden Agri 0.610 +0.010 HK Land 6.580 +0.030 IHH Healthcare 1.245 -0.005 JMH 58.130
      113 words
    • Article, Illustration
      Lock icon Euro steadies after slip on rating cut
      508 6 CURRENCIES Reuters [LONDON] The euro steadied against the US dollar yesterday as cautious optimism that eurozone ministers would release funds for Greece offset losses after a cut to France’s credit rating. Finance ministers were to meet yesterday to discuss unlocking delayed aid payments
      Reuters; PHOTO: BLOOMBERG  -  508 words
    • Article
      Lock icon RISES
      110 6 BY CENTS CLOSE UP IS S&P500 ***** 202.0 1.2 DBXT Nifty 10US$ ***** 128.5 1.0 DBXT MSKorea 10US$ 5654 111.4 1.6 GLD 10US$ ***** 97.9 0.5 JSH 3500 52.6 1.2 DBXT MSAsExJp 10US$ 3116 35.5 0.9 Creative Tech 332 29.0 9.6 Lyxor Nasdaq100 10US 1042 24.5 2.0 CityDev 1111
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    • Article
      Lock icon FALLS
      120 6 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 3608 -86.9 -1.9 JMH 5813 -84.5 -1.2 DBXT FTVietnam 10US$ 1967 -17.1 -0.7 Olam.ES.1211 159.5 -17.0 -9.6 Hyflux 6% CPS 10 ***** -15.0 -0.1 DBXT MSINDO 10us$ 1508 -13.5 -0.7 Olam 161 -13.0 -7.5 DBXT CSI300 10US$ 690 -12.2 -1.4 DairyFarm
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      498 8 The World's Most Desirable Address Sentosa Cove Resort, Leisure Residence of the Nouveau Riche From Rare Terrace Houses to Ostentatious Bungalows t r m 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 When You
      498 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Tourist satisfaction levels drop a little from last year
      395 9  -  By TEH SHI NING TOURISTS are now less happy with Singapore’s attractions and hotels than they were a year ago, according to the latest Customer Satisfaction Index of Singapore (CSISG) for the tourism sector. Its score of 70 points was 4.8
      395 words
    • Article
      Lock icon Cars portal latest in ST701 revamp
      189 9 AFTER relaunching its jobs, property and classifieds online spaces, Singapore Press Holdings (SPH) yesterday introduced a revamped website for automobiles called STCars. Formerly known as ST701 Cars, the digital car portal allows motorists and dealers to post ads for free and buy, sell or
      189 words
    • Article
      Lock icon Jurong plot for hotel project draws record bid
      637 9  -  RWS unit beats 10 rivals with $1,167.35 psf ppr offer for Jurong Town Hall Road site By ZEINAB YUSUF SAIWALLA A RECORD price has been set for hotel land in Singapore $1,167.35 per square foot per plot ratio (psf ppr). This is
      637 words
    • Article
      Lock icon EMA mulls extending PNG ‘bridging’ use by gencos
      469 9  -  By RONNIE LIM TO help prevent power disruptions, the Energy Market Authority (EMA) is considering allowing generating companies here to continue “bridging” use of additional piped natural gas (PNG) imports beyond the earlier specified cut-off at the end of March next year.
      469 words
    • Article, Illustration
      Lock icon Wah Loon Engineering bags RM139m of Sabah contracts
      597 9  -  It’ll supply M&E systems for commercial, hotel, medical centre projects By ONG CHOR HAO HOMEGROWN mechanical and electrical engineering (M&E) firm Wah Loon Engineering has secured two major projects in Sabah in East Malaysia this year, carving out a niche in the
      PHOTO: ARTHUR LEE  -  597 words
    • Article
      Lock icon JTC launches 3 sites zoned ‘Business 2’
      492 9  -  Buroh Street plot can yield floor area of 737,000 sq ft By ONG CHOR HAO JTC Corporation has launched three sites for sale by public tender under the Industrial Government Land Sales programme. One of the plots is at Buroh Street while the
      492 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Taking S’pore food products to China
        93 9 IE SINGAPORE is working with the Singapore Food Manufacturers’ Association (SFMA) to set up a Singapore Food Products Centre (SFPC) in China’s Yiwu International Commodity Trade Mart, the world’s largest commodity mart. Spanning 500 square metres, the SFPC will feature food products commonly seen
        93 words
      • Article
        Lock icon ICAEW, Insead launch CFO leadership course
        111 9 The Institute of Chartered Accountants in England and Wales (ICAEW) is teaming up with Insead business school to launch its Financial Talent Executive Network (F-TEN) business leadership programme in Singapore. Launched in the UK in 2009, F-TEN uses mentoring and peer-to-peer networking to help
        111 words
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      82 9 WATS NOTICES NOTICE OF INTENDED DIVIDEND Name of Company Reg No. Address of former registered office Last day of receiving proofs Name of liquidators Address of liquidators Heng Sheng Corporation Pte Ltd (In Creditors’ Voluntary Liquidation) *****4751M 1 Senoko Avenue Singapore *****7 5 December 2012 Chee Yoh Chuang and Urn
      82 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Dialog in RM3.7b oil output deal with Halliburton
      583 10  -  Agreement to see them increase production from a field off East M’sia By S JAYASANKARAN in Kuala Lumpur MALAYSIAN oil and gas services company Dialog Group has entered into a RM3.7 billion (S$1.48 billion) agreement with the United States’ Halliburton International to
      583 words
    • Article, Illustration
      Lock icon Indonesian partner buys over Carrefour’s stake
      336 10 Bloomberg [JAKARTA] Carrefour SA, France’s biggest retailer, agreed to sell its 60 per cent stake in its Indonesian unit to local partner CT Corp for 525 million euros (S$823 million) in the latest move to exit peripheral businesses. The transaction will give CT Corp
      Bloomberg; PHOTO: BLOOMBERG  -  336 words
    • Article
      Lock icon Golden Agri’s RM1.5b sukuk sale sets benchmark
      560 10 Bloomberg [KUALA LUMPUR] Golden Agri-Resources Ltd’s RM1.5 billion (S$600 million) sukuk sale, the biggest Malay-sian-currency offer by an offshore company, sets a new benchmark for foreign issuers in a market where sales have reached an annual record. The world’s second-big-gest palm oil producer,
      Bloomberg  -  560 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China on track to secure US$100b in FDI
      840 11 But rate of inflow is slowing; Jan-Oct FDI fell 3.45% from year ago Reuters [BEIJING] China’s foreign direct investment is on track to top US$100 billion in 2012 even as the longest run of year-on-year declines in inflows since 2009 extended into
      Reuters; PHOTO: BLOOMBERG  -  840 words
    • Article
      Lock icon CNOOC said to agree to Nexen takeover terms
      709 11 Govt expected to approve this bid and Petronas-Progress deal, says analyst Bloomberg [CALGARY] CNOOC Ltd, China’s biggest offshore oil and gas producer, has accepted management and employment conditions set by the Canadian government as it seeks approval for its US$15.1 billion takeover
      Bloomberg  -  709 words
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      108 11 ■I i mn Experience the newly opened Pan Pacific Ningbo, located minutes from Ningbo’s International Convention and Exhibition Centre. Modern and spacious guestrooms, state-of-the-art meeting rooms and an expansive ballroom are complemented by exciting restaurants and rejuvenating facilities to meet the needs of today’s business and leisure traveller. This refreshing
      108 words
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  • WORLD
    • Article, Illustration
      Lock icon Optimism soars over fiscal cliff solution
      758 12 Republicans realise after the election that playing chicken isn’t good politically AFP [WASHINGTON] President Barack Obama quipped in Thailand at the weekend that a monk’s prayers there might help the US economy dodge the “fiscal cliff”, but divine intervention is looking less and less
      AFP; PHOTO: AFP  -  758 words
    • Article, Illustration
      Lock icon US economy may accelerate to 2.9% in Q3
      719 12 Faster growth will help govt overcome Sandy, budget woes Bloomberg [WASHINGTON] The US economy looks set to weather the headwinds from Hurricane Sandy and the budget battles in Washington after picking up speed in the third quarter. Gross domestic product (GDP) probably
      Bloomberg  -  719 words
    • Article
      Lock icon Marianne Lake is JPMorgan’s new CFO
      367 12 NYT [NEW YORK] JPMorgan Chase named a new chief financial officer on Monday, the latest management shake-up by the bank after a multibillion-dollar trading blunder this year. Marianne Lake, 43, who is the CFO for the consumer and community banking business, will replace Douglas
      NYT  -  367 words
    • Article
      Lock icon Credit Suisse faces lawsuit for misleading investors
      313 12 Reuters [NEW YORK] The New York AttorneyGeneral is preparing to file a civil lawsuit against Credit Suisse for misleading investors who lost billions of dollars on mortgage-backed securities, according to a source familiar with the matter. The lawsuit, which is expected to be
      Reuters  -  313 words
    • Article
      Lock icon Glencore’s US$31b bid for Xstrata gets go-ahead
      461 13 Takeover now waits for clearance from European and Chinese regulators Bloomberg [ZUG, Switzerland] Glencore’s US$31 billion takeover of Xstrata was approved by investors, leaving clearance by regulators in Europe and China as the remaining hurdles for this year’s biggest deal. Shareholders voted in
      Bloomberg  -  461 words
    • Article
      Lock icon Myanmar ministries to repay ‘embezzled’ cash
      413 13 President’s order is a rare public move to tackle graft AFP [YANGON] Myanmar’s president has ordered more than a dozen ministries to repay tens of thousands of dollars “embezzled” by staff, in a rare public move to tackle graft in one of the world’s
      AFP  -  413 words
    • Article
      Lock icon Greenhouse gases rise to new high in 2011
      186 13 AFP [GENEVA] The volume of greenhouse gases causing global warming rose to a new high last year, the UN World Meteorological Organisation (WMO) said yesterday. Launching its annual Greenhouse Gas Bulletin report, the WMO pointed out that the worst warming gases carbon
      AFP  -  186 words
    • Article, Illustration
      Lock icon Obama urges restraint in tense Asian disputes
      473 13 Reuters [PHNOM PENH] US President Barack Obama urged Asian leaders yesterday to rein in tensions in the South China Sea and other disputed territory but stopped short of firmly backing allies Japan, the Philippines and Vietnam in their disputes with China. The comments
      Reuters; PHOTO: REUTERS  -  473 words
    • Article, Illustration
      Lock icon Intel chief executive Otellini to retire
      772 14 His exit comes as firm struggles with computing’s big shift to mobile devices NYT [SAN FRANCISCO] After almost 40 years at Intel, chief executive Paul Otellini is retiring, just as the company struggles with a momentous challenge: computing’s big shift to mobile devices. Mr
      NYT; PHOTO: REUTERS  -  772 words
    • Article, Illustration
      Lock icon BOJ’s Shirakawa dismisses Abe’s 3% inflation peg
      745 14 Target unrealistic since inflation now stands at below 1 Reuters [TOKYO] Bank of Japan governor Masaaki Shirakawa said yesterday that 3 per cent inflation, a target proposed by the main opposition leader who is expected to win next month’s general election, would be
      Reuters; PHOTO: AFP  -  745 words
    • Article
      Lock icon Spain offers residency for foreign home buyers
      676 14 Plan to lure Russian and Chinese buyers aims to revive sector NYT [MADRID] Spain plans to offer residency permits to foreigners who buy houses priced at more than 160,000 euros (S$250,000) as part of its efforts to revive a collapsed real estate market
      NYT  -  676 words
    • Article
      Lock icon FSA floats threat of forcible break-up of Britain’s banks
      343 14 Reuters [LONDON] Britain’s banks should be forced to fully separate their retail arms from investment banking operations if they try to circumvent new rules designed to protect the taxpayer, a top regulator warned. Andrew Bailey, head of banking supervision at the
      Reuters  -  343 words
    • Article, Illustration
      Lock icon Business lobby wants Britain to stay in EU
      490 14 Europe a key export market, it tells PM before budget talks Reuters [LONDON] Britain would damage its fragile economy and risk isolation if it ended its often stormy relationship with the European Union, business leaders said on Monday before critical EU budget
      Reuters  -  490 words
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      417 12 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JETHRO INVESTMENT PTE. LTD. UEN/CO REG NO:*****5353K AND LUMICHIP TECHNOLOGIES PTE. LTD. UEN/CO REG NO:*****1867N MEMBERS’ VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the above companies convened
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      290 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BLUE MOUNTAIN PTE. LTD. Company No. *****8794R (In Members’ Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of the
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      376 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF EXCEL ADVANCED TECHNOLOGY PTE LTD (IN CREDITORS’ VOLUNTARY LIQUIDATION) (Company No: *****5039E) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that the FINAL MEETING of the members and
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      436 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SERENITY PROPERTIES PTE LTD Company Registration No. *****1671H (In Members’ Voluntary Liquidation) FINAL MEETING NOTICE is hereby given pursuant to Section 308 of the Companies Act, Cap. 50, that the Final Meeting of the member of
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      0 12 &/.@??+?,^$<&&_=:"._]_)}<&<<){:
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      149 13 xV perth mint www.perthmintbulMon.com AUSTRALIA 1 For your chance to WIN a 1oz gold minted bar, register by 31 December 2012* Conditions apply, see website Wah.” V Experience the new Wah Lok. Applauded as one of Singapore’s finest Cantonese restaurants since 1988, and now ready to win raves all over
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      63 14 RESEARCHANDRISKMANAGER Leading Singapore based crude oil and refined products trading company seeks experienced and motivated person to build and lead a team responsible for market research and project analysis, in addition to risk management and systems support for the global trading team. Pleasesendyourresumestatingpresentandexpectedsalaries, and together with a photograph to: hr@concordenergygroup.com
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      1424 15 CONGRATULATIONS ARE IN ORDER CFA Singapore celebrates 25 years of excellence with its newest charterholders For 25 years, CFA Singapore has served the investment community with the highest standards of ethics, education and professional excellence for the ultimate benefit of society. Today, we congratulate 341 exceptional individuals for having successfully
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  • TOP EXCELLENCE AWARDS
    • Article, Illustration
      Lock icon Recognising Asia‘s best enterprises
      639 16  -  The Asia Pacific Top Excellence Brand awards provide a platform for successful entrepreneurs to gain recognition on a larger stage. Reports by Kan Kwok Leong Reports by Kan Kwok Leong GLITZY awards ceremonies for local enterprises seem to happen every other month these days, but many
      639 words
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      Lock icon Turning to men for growth
      664 18 Bioskin Holdings is banking on men willing to pay to get washboard abs to drive future expansion AFTER more than 15 years of providing beauty treatments to women, Singapore wellness company Bioskin Holdings took a big gamble earlier this year when it ventured into the
      664 words
    • Article, Illustration
      Lock icon Defu’s sweet smell of success
      615 19 Aileen Low’s Defu Foodstuff has found success producing a premium variety of garlic YOU could say Aileen Low has a nose for business, even when it involves odourless garlic, which she refers to as “black gold”. Black garlic is the flagship product of Defu Foodstuff,
      615 words
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      Lock icon Cambodia: A land of opportunity
      845 20 / 21 Andrew Tay’s ardent belief in the potential of Cambodia motivated him to build and grow one of the leading hotels in the country IN 1995, long before it became fashionable to do so, Andrew Tay and his family were scouting for business opportunities in Cambodia.
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    • Article, Illustration
      Lock icon Riding high on an energy binge
      689 22 AME International expects its revenue to almost double to $18 million next year on the back of a booming oil and gas industry RISING oil prices may be a scourge for many companies, but the investment boom in the oil and gas industry as
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      Lock icon Staying the course amid choppy waters
      550 23 Dasin Holdings stays confident even as the industry remains depressed TOP EXCELLENCE AWARDS EVEN as the global shipping industry continues to struggle with overcapacity, one Singapore-based ship owner is cautiously looking for opportunities to expand its fleet. Dasin Holdings, a unit of China Dalian
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      136 16 LIAN HUP BROTHERS PTE LTD LH Contruction and Machinery Leasing Pte Ltd Group Of Companies: LIAN HUP BROTHERS PTE LTD LIAN HUP BROTHERS TRADING COMPANY LH CONSTRUCTION AND MACHINERY LEASING PTE LTD LH ENGINEERING EQUIPMENT PTE LTD POH SOON SENG CREDIT PTE LTD YOUB SATISFACTION IS OUM,1VBKLASTING PURSUIT Rentals |£xport
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      158 16 H I MAWARI o t e I -y4 paitments Managed by Himawari Group Our Director Mr Andrew Tay, s.b.si.j has been awarded the Asia Pacific Top Emerging Entrepreneurs and Himawari Pte Ltd has been awarded the Asia Pacific Top Excellence Brand mM rn rt I V IfiiR'I c i hum
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      405 17 ASIA PACIFIC EXCELLENCE BRAND The Asia Pacific Top Excellence Senator H.E.Cbbit Kim Yeat O Y.B. Teresa Kok Suh Sim RpmCHlitinn NlClHt* 901 vice Chairman of Commission on Foreign Affairs, International Cooperation. Senior Selangor Slate Executive Counclllor.Malaysia III I I 111 1 1 V. mm\J KAeaHia a nr! Information Kinadom of
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      219 18 A.L.S. PACKING SERVICES PTE LTD Id 5 Sungei Kadut Street 5 Sungei Kadut Ino Est. Singapore 728 952 Tel: 6 365 2118 Fax: 6 365 2119 www.alspack.com alspack@singnet.com.sg A.L.S. PACKING SERVICES PTE. LTD is proud to achieve Excellence Brand 2012/201$! ASIA PACIFIC EXCELLENCE BRAND I GLOBAL BUSINESS MAGAZINE AWARDED ASIA
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      110 18 FIG TOP EXCELLENGE BRAND 2012 ASIA PACIFIC EXCELLENCE BRAND GLOBAL BUSINESS MAGAZINE AWARDED ASIA PACIFIC TOP EXCELLENCE BRAND 144? are proud to be part of this Award. It gives us recognition of our work and establish a strong foothold in the industry. Actus Builders’ Excellence Award hit another milestone to
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      441 19 Direct Strike protection Transient Surge Grounding Overvoltages Protection Earth Grid Systems erIweld INTERNATIONAL PTE LTD Total Solution Total Commitment J Direct Strike Lightning Protection Earthing Grounding Products Conventional Lightning Protection V Enhanced Lightning Protection a W i Earth Rods Earthing Accessories Ground Enhancement Materials Transient Earth Clamp iptHtsum ?|es Cable
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      432 20 / 21 Adapt, Response, Innovate Focus For more than 38years in the Stationery supplies business, Mrs Wee avow by ARIF, in the ever changing business climate from the 70’s to the millennium. From a book store to wholesaling outfit. From direct office supplies to retailing. By embracing technology to improve data flow
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      122 20 / 21 After 17 consistent years of Service Excellence, We are proud to achieve the Asia Pacific Super Health Brand! I M Pac JJJ UJU JJJJ Mew Health i 0o AWARDED ASIA PACIFIC SUPER HEALTH BRAND Without your support, there would not he our achievement today! Thank You! Oriental Traditional Therapy Pte
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      251 20 / 21 ■I ‘Sup vs Worn ASIA PACIFIC s \a Pa C/ y A Ml Mu WOMEN ENTREPRENEURS New Health iqq AWARDED ASIA SUPER HEALTH Due to your continuous support, we would like to thank our loyal customers by extending a special promotion to all! $68 -UrPr-$78tT (Incl. GST$72.76) 1 session of
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      174 22 TECHNOVATION ENGINEERING PTE LTD I I 34 Toh Guan Road East #01-17 Enterprise Hub PTE LTD Singapore *****9 Tel: 6795 9759 Wc an proud to raoifvv the Asia Pacific Top Excellence Brand Award 2012/2014 Technovation Engineering Pte Ltd was established in 2008. The name Technovation is the words combination of
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      173 22 House of Seafood @180 T-&C-We are pj£ the 201 Excel 3GLFLI Gff3ii33^/3 PudDz Tup S3 ii/urjd £mmi 1 Renowned for our award-winning black pepper crabs, we offer a wide array of exquisite and mouth watering dishes and definitely have a dish that will gratify your taste buds, leaving you craving
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      118 23 Car II akeo v We are proud to receive the Asia Pacific Top Excellent Brand Award 2012! HSBHTM ASIA PACIFIC EXCELLENCE BRAND GLOBAL BUSINESS MAGAZINE AWARDED ASIA PACIFIC TOP EXCELLENCE BRAND The management of Revol Carz Makeover Pte Ltd wishes to express our profound appreciation and special thanks to all
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      605 23 unity POPULAR CHO CE unitypopularchoiceAwARD20n .■'Ml Kohyong Dried Abolone BU<k Gold Organic Buck 6»nic @529 cour Lp m zv m G> m n £4 >< Tq S- M The Queen of Garlic Defu Foodstuff Pte Ltd's MD Mdm Low G.N shares about: The Journey From White to Black Garlic The
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  • EDITORIAL & OPINION
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      Lock icon Fine-tuning needed on labour policies
      483 24 EDITORIAL THE feedback from chambers of commerce and business associations on the government’s multiple rounds of tighter policies on foreign workers is unequivocal: companies are hurting from these measures. Some economists would argue that this is understandable and only to be expected; any major policy
      483 words
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      Lock icon US fiscal cliff: Outlines of a bipartisan deal are clear
      803 24  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group THE first reason to avoid going over the “fiscal cliff” is economic. The US$500 billion of tax increases and spending cuts scheduled for early 2013 would probably cause a new
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      Lock icon India’s move to fast-track mega projects hits hurdles
      1042 24  -  Decision to set up panel to expedite infrastructure development gets mired in controversy By NEETA LAL The writer is a New Delhi-based senior journalist HE Indian Finance Ministry’s decision to set up a National Investment Board (NIB) an apparatus to vet, approve
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      Lock icon Beneath Austria’s idyllic scene
      1845 25  -  The nation has a system of economic and employment policies built on a central commitment to social market economics By Dardis McNamee The writer is editor in chief and publisher of the English-language monthly, the Vienna Review in VIENNA WALKINGthrough the beautiful and bustling streets of
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      Lock icon Why Obama’s in Yangon, not Gaza
      728 25  -  LEON HADAR Washington Correspondent SINCE the start of the US-led war on terrorism, I’ve been hearing complaints from Asian diplomats about the obsessive pre-occupation of American administrations, Congress and the US media with what has been occurring in the Middle East. “We are the
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  • TransportHUB
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      Lock icon Quick action needed on seafarers’ ILO identity documents
      692 26  -  STRAIT TALK By DAVID HUGHES WHEN I first went to sea in 1970, I was issued something that looked like an old-fashioned passport in bright red. In those distant days, it was all I needed to join or leave a ship. But
      692 words
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      Lock icon Regional logistics firms get lift as trade blocs sprout
      556 26  -  Regionalisation forces strategy shift away from long-haul trade Reports by LYNN KAN REGIONAL logistics companies will grow fastest as world trade becomes increasingly organised around regional blocs, said Karl Gernandt, chairman of Kuehne Nagel, the world’s largest sea-freight forwarder. And regionalisation
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    • Article
      Lock icon NUS offers humanitarian logistics training
      318 26 New outfit is backed by Swiss-based The Kuehne Foundation ASIA’S first dedicated humanitarian logistics training organisation opened in Singapore last week at the National University of Singapore (NUS). The Kuehne Founda-tion-NUS Education Centre for Humanitarian Logistics Asia Pacific will clear a path for academics, government
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    • Article
      Lock icon US shipping lines left in wake of cargo scheme
      599 26 NYT [WASHINGTON] It began in the mid-1990s as a way to boost America’s vanishing international shipping business. But an obscure programme to subsidise the shipment of US military cargo globally has become something quite different: a US$2 billion operation that, paradoxically,
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    • Article
      Lock icon TRANSPORT STOCKS
      253 26 SGX '000 Nov 20 S$ +/-Vol CH Offshore 0.43 -0.01 129 Chuan Hup Hldg 0.24 unch 217 Cosco Corp 0.87 unch 5308 s$ Ezra Hldgs 1.01 unch 5189 First Ship Lea 0.12 unch 113 Freight Links 0.06 unch 1768 Grand Banks unch unch 0 Jaya Hold Ltd 0.55
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    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon SIA, Virgin Australia widen codeshare agreement
        441 27  -  SIA customers to get access to 32 cities in Australia; NZ cities on the cards By VEN SREENIVASAN SINGAPORE Airlines and Virgin Australia have expanded their codeshare agreement to cover all of the latter’s Australian domestic destinations, effectively offering SIA customers access to 32
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        Lock icon Changi passenger traffic may cross 50m mark this year
        305 27  -  By VEN SREENIVASAN PASSENGER traffic at Singapore Changi Airport surpassed the 40 million mark for the first 10 months of this year as 4.27 million passengers passed through its gates last month. The October figure was 10 per cent higher than
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      • Article
        Lock icon Ryanair to go to court if bid to buy rival is blocked
        558 27 Reuters [DUBLIN] Ryanair may mount a legal challenge if its bid to buy Irish rival Aer Lingus is blocked by the European Union but it will not pursue further acquisitions if the merger ultimately fails, its chief executive
        Reuters  -  558 words
      • Article
        Lock icon Airline fuel surcharge becomes talking point
        496 27 NYT [NEW YORK] Rising fuel surcharges have begun to become an issue in negotiations between airlines and corporate travel managers over the cost of airline tickets. The charges were initially tied to the rising cost of fuel, but analysts say that they have turned
        NYT  -  496 words
      • Article
        Lock icon Boeing to shun 737 Max to ensure Pentagon deliveries
        477 27 The Washington Post [SEATTLE] Boeing’s defence unit will shun the commercial division’s planned 737 Max aircraft and stick with the current version of the narrow-body plane for its P-8A submarine hunters in order to avoid production disruptions. “There’s not a plan
        The Washington Post  -  477 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Volkswagen dominates small-car COE category
        656 28  -  Its introduction of diesel models next year may increase its lead even more By SAMUEL EE ALMOST one in four cars sold with Category A certificates of entitlement (COE) this year wore a Volkswagen badge on its grille. In the first 10 months, the German
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        Lock icon Land Rover sales seen growing 60% in 2012
        540 28  -  British brand’s new Range Rover records strong bookings By SAMUEL EE LAND Rover has another roaring year in 2012, and it seems the party will continue next year as the rugged British brand records strong bookings for its new Range Rover luxury
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      23 27 'S- tk Lianhe Zaobao Proposals spark controversy that throws HR's housing policy into chaos si To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 27 Miscellaneous
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      319 27 CRYPTIC CROSSWORD Across 5 Time to get a round in concert find the bar (7) 7 The fellow protected by idiot remains (5) 9 One embraced by enthusiast at church he may go there to get wed (6) 10 Obstructive, with a yen to be different (2,3,3) 11 Warning politician,
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      42 28 Wanted. Pre-school chemistry tutor j A product of SPH, Singapore's trusted media group. 1 1 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
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      310 29 .1*1 9 t t •*,i< .v mmj. v u < ‘*.7 Wi A 4 VJ.*. K p J i > v "v! >' •/>' >; r y i V V v i V* Vk 1 v *1 i < 1 1 t 1 il J V ;»> v V i
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      92 30 IN CONJUNCTION WITH THE LAUNCH OF STCARS.SG AND THE FESTIVE SEASON, WE BRING YOU THIS TIMELY REMINDER. w» I DRINK AND jVOU 9 LL NEVER DRINK DRIVE AND DON’TlDRIVE If *‘V 'Wft a ■Jf'. e '*'i f a* •if -I v'.-. s w h.: fi V> I A* li r
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      28 31 STCARS IS PROUD TO BE THE OFFICIAL PARTNER OF THIS YEAR’S ANTI-DRINK DRIVE CAMPAIGN. Buy, sell or rent. At STCars.sg, your ideal car isn’t hard to find. STCARS
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  • Article
    Lock icon The Business Times Shipping Times
    3444 32 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination
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      137 33 TO ADVERTISE IN .THE Business Times MIL IMVILJ Shipping times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 Spotlig Award ht Certifications Come publicise your Award Wins Certifications, Ship Christenings
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2659 34 Transaction date: Nov 20 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 138.5 +0.5 499 139 138.5
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    • Article
      Lock icon SGX CATALIST
      165 35 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C’vr P/E Smil 12.1
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    • Article
      Lock icon UNIT TRUST & FUNDS
      8443 35 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited Asian Local "<fcy SD Bond 0.9843/ EM Local Ccy
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      Lock icon GLOBALQUOTE
      193 35 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 3368 32 31.5 31.5 32 2107 Sale 228 169 TanChongInt HK212 +2 30 213 212 202 214 4.3 3.3
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    • Article
      Lock icon SGX ETF
      934 35 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 114.4 ABF SG Bond ETF 122 +3 4 122 122 119 121 556.9 128.9 120.4 CIMB APAC Div 100S$D 125 123.2 124.1 105.5 95.8 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      644 36 Nov 20 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9198.42 9200.85 9129.43 Dec12 9140.00 9220.00 9110.00 9110.00 *****7 *****3 Mar13 9115.00 9195.00 9110.00 9090.00 24 2206 MSCI TAIWAN INDEX FUTURES SPOT 258.22 258.60 256.75 Nov12 255.30 258.60 255.20 256.80 ***** *****5 Dec12 254.60
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 36 In local curr In S$ In US$ dy yr dy yr dy yr Nov 19 Index Change Change Change Change Change Change World Preliminary 897.2 1.6 8.1 1.5 2.0 1.9 8.0 EAFE Preliminary 729.6 1.9 7.0 2.1 0.5 2.5 6.5 Europe Preliminary 1100.4 2.3 7.2
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      94 36 As on 19 November 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1734.50 1721.60 1734.30 INDIA GOLD (E-GOLD) FUT DEC2012 578.10 574.10 575.10 CURRENCY EUR-USD FUT DEC2012 1.2790 1.2756 1.2809 BASE METAL COPPER FUT DEC2012 7792 7663 7776 INDEX IRON ORE (MBIO) IDX
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    • Article
      Lock icon CHICAGO BOT
      107 36 Nov 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 13 1394.75 1383.25 1402.75 1385.50 Mar 13 1382.00 1368.00 1389.00 1370.00 May 13 1365.75 1351.50 1370.50 1355.00 Jul 13 1358.75 1343.50 1362.25 1347.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 47.89
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 36 CRUDE OIL PRODUCTS Nov 19 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.23 3.18 WTI (Near Mth) 88.88 2.21 Dubai (1-Mth F) 106.8 1.54 Tapis blend 114.55 1.4 Minas 108.13 1.4 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.39 0.95 Jet Kerosene 125.72 0.96 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 36 Nov 20 S$ Bid Offer 1-month 1.2242 1.2247 2-months 1.2242 1.2247 3-months 1.2242 1.2247 6-months 1.2242 1.2247 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      64 36 Nov 19 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1955.00 1930.25 3 months 1977.00 1951.00 Copper, Grade A(US$/tonne) Cash 7793.00 7595.75 3 months 7804.00 7605.00 Lead(US$/tonne) Cash 2198.00 2160.75 3 months 2191.00 2150.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon LIFFE
      80 36 Nov 19 COCOA (£/tonne) Close Prev High/Low Dec 12 1560 1556 1568/1550 Mar 13 1556 1553 1564/1544 May 13 1562 1559 1568/1552 Jul 13 1569 1566 1575/1560 COFFEE(US$/tonne) Close Prev High/Low Nov 12 1896 1899 1898/1895 Jan 13 1898 1901 1911/1892 Mar 13 1913 1915 1922/1907 May 13 1927
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      893 36 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 Exer Best World Intl Ltd W*****5 0.3 1 30 84 55.00 8 Prem BiosensoMBeCW*****3 2.8 unch 2 0.4 140 7
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 36 Nov 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.037 6.480 0.814 8.063 57.297 100.213 0.844 11.259 3.182 1.273 99.823 42.823 1.274 9.219 0.980 30.296 31.933 0.654 1.040 Canada 0.964 6.246
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    • Article
      Lock icon SIBOR
      60 36 Nov 20 (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$) 3 mths 0.***** 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP
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    • Article
      Lock icon PRECIOUS METALS
      133 36 Nov 20 GOLD(US$/oz) Nov 20 Nov 19 Hong Kong 1742.40 1733.00 Nov 19 Nov 16 London 1733.10 1712.90 1733.85 1713.30 Source: Thomson Reuters CAST BAR Nov 20 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 153 68 5gm 434 340 10gm 776 681
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    • Article
      Lock icon GOVERNMENT SECURITIES
      86 36 Nov 20 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 21-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-14 102.08 102.11 102.11 5-Year N*****0Z 2.375
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      154 36 Nov 20 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.65 0.45 9 months 0.80 0.60 12
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