The Business Times, 24 November 2012

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Microfilm: NL32295
Total Pages: 49
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 weeknd THE BUSINESS TIMES www. usinesstimes.com. g| g| NOVEMBER 24-25, 2012 S$1.00| MICA (P) 075/08/2012
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  • Article
    Lock icon ‘Solid’ Olam says it is flush with liquidity
    826 1  -  Auditor stands by its opinion on company accounts while Olam says it can push ahead with its growth strategy By Andrea Soh sandrea@sph.com.sg Singapore THE war of sharp words and the chest-thumping continues. Still smarting from the attack it faced from Muddy
    826 words
  • Article
    Lock icon Inflation dips to 4% in October, but set to stay high into 2013
    673 1  -  By Teh Shi Ning tshining@sph.com.sg Singapore INFLATION eased to a lower-than-expect-ed 4 per cent in October due to smaller increases in the cost of housing and cars. But economists say that beneath the numbers, price pressures remain
    673 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon EU’s 1t euro budget summit ends in failure
      642 2 Britain cast as chief spoiler as PM David Cameron threatened to veto budget unless spending was cut AFP Brussels TALKS on the European Union’s one trillion euro (S$1.58 trillion) budget ended in deadlock yesterday as leaders of the bloc’s 27 member states
      AFP; PHOTO: REUTERS  -  642 words
    • MARKETS
      • Article
        Lock icon FOREX
        48 2 us$ s$ US$ (S$ per US$) 1.224 (US$/S$ per 1.596 1.954 EURO(US$/S$/€) 1.291 1.580 Foreign currency per US$ S$ YEN 82.30 67.30 RM 3.060 2.499 HK$ 7.751 6.331 BAHT 30.72 25.10 RUPIAH 9,630 7,867 RENMINBI 6.230 5.089 INDIAN RUPEE 55.39 45.24 A$ 0.961 0.785 NZ$ 1.223 0.999
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      • Article
        Lock icon STOCKS
        57 2 GSTI 2,989.28 (+2.65) GSTI FUTURES 2,989.00 (+2.00) GSIMSCI 338.66 (+0.51) GSIMSCI FUTURES 338.50 (+0.90) Friday Change KL COMP 1,614.32 -4.23 NIKKEI 225 Closed HANG SENG 21,913.98 +170.78 SET 1,281.70 +2.19 JAKARTA 4,348.81 +12.88 MANILA 5,552.34 +38.97 KOSPI 1,911.33 +11.83 SHENZHEN B 608.08 +7.63 MUMBAI IND 18,506.57 -10.77 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 14.533 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, Illustration
      Lock icon Enjoy a scoop – of Buffett’s pet ice cream
      1009 4  - Enjoy a scoop of Buffett’s pet ice cream Dairy Queen franchise returns to Singapore with new owner and expanded menu By Andrea Soh sandrea@sph.com.sg Singapore AN ice-cream brand that billionaire investor Warren Buffett loves so much that he reportedly told his banker not to disturb him when he took his
      PHOTO: ARTHUR LEE  -  1,009 words
    • Article, Illustration
      Lock icon Rothschild raises US$270m for Bumi severance
      515 5 Proposal will see it cut ties with Bakries; may include rights offer Bloomberg London NATHANIEL Rothschild, who quit the board of London-listed Bumi plc last month, has raised US$270 million for a proposal to the coal producer that would see it sever ties with
      Bloomberg; PHOTO: BLOOMBERG  -  515 words
    • Article, Illustration
      Lock icon Game of Tests: the exams are coming
      942 6  -  And you actually believed that getting that super-high PSLE score set you up for life? SATURDAY SOAPBOX Joyce Hooi joyceh@sph.com.sg Correspondent PSST. Hey, kid. Those are some PSLE results, huh? I’m not supposed to know who you are, but it’s okay. You will
      942 words
    • Article, Illustration
      Lock icon Ng says he did not know of relationship between NCS and Hitachi Data Systems
      932 8  -  Lawyer notes that request for quotations document confirms HDS was not listed as sub-contractor By Grace Leong gleong@sph.com.sg Singapore DEFENCE lawyers yesterday produced documents to support their claim that former Central Narcotics Bureau (CNB) chief Ng
      PHOTO: WONG KWAI CHOW/ THE STRAITS TIMES  -  932 words
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      92 2 CONTENTS NEWS Top Stories 2-8 Raffles Conversation 10-11 Week in review 12 Companies 13-15 From the Desk of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show Me The Money 33 House Hunt 34 Real Estate 35 LIVING Style L2-3 Dining L5-7 Design L8-9 Hawker Choices
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      82 3 SUBTLE DISTINCTION. > V /#< T. W MONTBLANC STAR CLASSIQUE AUTOMATIC. A timepiece of distinguished shape: essential, pure and elegantly slim. 39 mm red gold case with filigree horns, curved ergonomic case hack. 42-hr power reserve. White silver coloured dial with red gold-plated feuille hands and numerals. Sapphire crystal case
      82 words
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      32 4 -tf**./..- < BANGKOK, THAILAND FREEHOLD Condominium HIGH Capital Appreciation HIGH Rental Yield Returns LEASING Service Provided EASY Access to Train Stations PRIME Location in Sukhumvit 11 call 8338 5726 to REGISTER NOW! EGG
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      36 5 Bladon flannel bag "The whole object of travel is...to set foot on one's own country as a foreign land." G.K. Chesterton, writer West of England flannel with cowhide trim and solid brass hardware lun dunhill.com LONDON
      36 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      79 7 ‘uf: 'V u i M3dOOD INIVM y s: I DsnoD'mm 3WOdVDNIS INII/M •NOOSlViiaVH INII/M 01 NMOQ NO 13 D *lN3a3ddld isnr Stivm avD 3Hi hum aNnoav 3dn anoA Nam £10 N AHM MINI BE MINI. Eurokars Habitat Pte Ltd Eurokars Group of Companies Distributorof MINI Vehicles and Parts 27 Leng
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      286 9 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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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Banking on change
      2442 10 / 11  -  Rory Tapner, chief executive of the 320-year-old Coutts, which has had Charles Dickens and the royal family grace its storied premises, wants to turn the iconic British bank into an international brand, grounded in heritage yet embracing modernity. By Emilyn Yap By Emilyn Yap emilyny@sph.com.sg IT was
      PHOTO: YEN MENG JIIN  -  2,442 words
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  • WEEK IN REVIEW
    • THIS WEEK Nov 19-23, 2012
      • Article
        Lock icon Many make mockery of pay disclosure
        58 12 MANY listed companies are still not complying with the rules on disclosing pay and some are even backsliding, as stricter guidelines loomed, a study has found. Among them are big companies such as Genting Singapore and the Jardine group, which provide little or no
        58 words
      • Article
        Lock icon New manufacturing era dawning: McKinsey
        57 12 FAR from fading, manufacturing will continue to be a key engine of growth globally, with “dramatic opportunities” in store for companies and countries that can harness the trends that are reshaping the industry, according to a McKinsey report. They will need, in particular, to reset
        57 words
      • Article
        Lock icon Singapore walks the labour restructuring tightrope
        38 12 SINGAPORE is determined to restructure its labour market, raise productivity and tighten the foreign labour tap. The government does not deny that this could mean less investment, job losses and slower growth.
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      • Article
        Lock icon Money rolls in as local firms roll out their apps
        59 12 WITH 71 per cent of mobile users owning a smartphone, it’s no surprise that most Singaporeans reach for their mobile devices when they want to check out something online, be it a discount deal or information about a particular product.
        59 words
      • Article
        Lock icon Olam hits out as stock sinks in Muddy Waters
        74 12 ON a dramatic day when its finances were labelled a “black hole”, commodities supplier Olam International hit back at its accuser yesterday claiming that he had sneaked into its office incognito and threatening legal action to defend itself. The fightback came
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      • Article
        Lock icon Labour crunch: Better to fine tune than U-turn
        74 12 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 the economy, Deputy Prime Minister Tharman Shanmugaratnam said. “It is better to be clear
        74 words
      • Article, Illustration
        Lock icon Olam saga moves to ‘mudslinging’ claims
        81 12 OLAM International threw another punch at US short-seller Muddy Waters on Wednesday by suing the latter for defamation as the spat between the two escalated. This came after Muddy Waters published a stinging response to Olam’s Tuesday rebuttal of its criticisms of the company
        PHOTO: BLOOMBERG  -  81 words
      • Article
        Lock icon Las Vegas Sands eyes 3 potential IR spots in Asia
        58 12 FOR about seven days each month, Singapore-based George Tanasijevich gets on a plane in search of new business opportunities for his company. The managing director of global development at Las Vegas Sands Corp has three Asian countries on his radar
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      • Article
        Lock icon Survival of the quickest in high-cost days
        77 12 THE government will try to bring business costs down, but firms here need to adapt to the new reality of a higher-cost environment and there are reasons to believe that companies can make the transition. This was the message delivered by Josephine Teo,
        77 words
      • Article
        Lock icon Thais play waiting game, extend offer
        70 12 IN the four-month marathon for control of Fraser and Neave, Thai tycoon Charoen Sirivadhanabhakdi on Thursday held off on retaking the lead from rival bidder Overseas Union Enterprise. The consortium led by Mr Charoen extended the deadline for its F&N general offer by three
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      • Article
        Lock icon Higher bonus for lower-wage civil servants
        53 12 ABOUT 2,000 lower-wage civil servants will receive an early Christmas present in their December salary slip: a year-end bonus of at least $1,000. This works out to more than the 0.7-month bonus for the Civil Service’s 77,000 officers. This is in addition to the
        53 words
    • Article
      Lock icon NEXT WEEK Nov 26-30, ’12
      80 12 US DATA Nov 27 October durable goods orders Nov 28 October new home sales October Beige Book report Nov 29 Q3 GDP estimate October pending home sales Nov 30 October personal income and outlays SINGAPORE DATA Nov 26 October Index of Industrial Production Nov 30
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  • Page 12 Miscellaneous
    • Miscellaneous
      Lock icon Page 12 Miscellaneous Column 1
      302 12 Across 1 Punishment? Why? (4,3) 5 Colonist, one taking part in landing (7) 9 Item initially pinched by the female cat burglar (5) 10 Hears about ancient disasters (9) 11 Keep following film director in retreat (5,5) 12 to check shoot (4) 14 Motorway’s appearance is wrong (12) 18 Pole
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    • Miscellaneous
      Lock icon Page 12 Miscellaneous Column 2
      13 12 SATURDAY with Ludwig ‘Singapore ranks as least emotional country in the world? LOL
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  • COMPANY NEWS
    • Article
      Lock icon KepLand sets up US$3b MTN programme
      364 13  -  Use of proceeds for refinancing debts, financing potential acquisitions and for working capital By Angela Teng angeteng@sph.com.sg Singapore KEPPEL Land and its wholly owned subsidiary, Keppel Land Financial Services (KLFS), have established a US$3 billion mul-ti-currency medium term note (MTN) programme to issue notes
      364 words
    • Article, Illustration
      Lock icon Bharti Infratel seen launching IPO next month to raise up to US$900m
      526 13 Reuters Mumbai/New Delhi BHARTI Infratel Ltd, the telecommunications tower arm of India’s Bharti Airtel Ltd, is likely to launch its initial public offering (IPO) to raise up to US$900 million on Dec 10, sources said, in what will
      Reuters; PHOTO: BLOOMBERG  -  526 words
    • Article
      Lock icon Boustead unit wins $26m deal from Denmark’s Satair
      190 13  -  By Nisha Ramchandani nishar@sph.com.sg Singapore BOUSTEAD Singapore’s wholly owned subsidiary, Boustead Projects, has clinched a $26 million contract from Satair to design and build an integrated service repair, distribution and office facility at the 320-hectare Seletar Aerospace Park (SAP). Satair’s parent company
      190 words
    • Article, Illustration
      Lock icon Penny stocks, Olam, US fiscal cliff steal the show
      938 14  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent PENNY stock fever, Olam International’s spat with financial research firm Muddy Waters and an apparent easing of US fiscal cliff fears featured prominently in this week’s trading. After losing about 95 points in the two
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    • Business briefing
      • Article
        Lock icon Cambridge Industrial Trust increases loan facility
        98 14 CAMBRIDGE Industrial Trust (CIT) is increasing an existing $320 million term loan facility with a $100 million short-term facility and a $50 million revolving credit facility. This follows an amendment agreement with the four original lenders: National Australia Bank, Hongkong and Shanghai Banking Corporation,
        98 words
      • Article
        Lock icon Fair value gains lift NH Ceramics
        119 14 NH Ceramics posted a net profit of $3.7 million for its financial year ended Sept 30, 2012, up from $535,000 the year before. Revenue jumped 28.6 per cent on-year to $5.16 million, from $4.02 million. Contributing to the earnings rise was a $3.11 million
        119 words
      • Article
        Lock icon Jackspeed to be removed from SGX watch-list
        107 14 JACKSPEED Corporation will be removed from the Singapore Exchange (SGX) watch-list on Monday. It was placed on the list in June last year. The leather and car accessories distributor said that SGX had given in-principle approval for it to be removed from the
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      • Article
        Lock icon Noble Group sells unit in Indonesia
        69 14 NOBLE Group has disposed of a 100 per cent shareholding interest in PT Alhasanie, a company incorporated in Indonesia, for US$4 million. “The consideration was satisfied in cash and was agreed on a willing-buyer, will-ing-seller basis, taking into consideration the fair market value of
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    • Article
      Lock icon Setting sex quota for board seats won’t fly
      607 15  -  Quotas make people just go through the motion of meeting pre-set numbers, says ex-US ambassador Linda Tsao Yang By Zeinab Yusuf Saiwalla zeinabs@sph.com.sg Singapore THE subject of how to get more women represented on corporate boards and in management came up at
      607 words
    • Article
      Lock icon DBS lights metaphorical campfire on unfeeling shores
      332 15  -  By Kenneth Lim kenlim@sph.com.sg Singapore THE world’s supposedly most emotionless country can apparently boast a bank with some of the world’s most engaged employees. DBS Bank has been ranked among the top 10 per cent of all the companies in the world that
      332 words
    • Article
      Lock icon Etika full-year profit falls in absence of one-off gain
      379 15  -  By Carine Lee carinel@sph.com.sg Singapore ETIKA International Holdings posted a 24 per cent fall in net profit to RM21.98 million (S$8.79 million) for the full year ended Sept 30, 2012. The key reason was that the preceding financial year included a
      379 words
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      499 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 G C RESTAURANT PTE LTD (In Members’ Voluntary Liquidation) Company Reg. No. *****1415E At an Extraordinary General Meeting of the members of G C RESTAURANT PTE LTD duly convened and held at 184C Choa Chu Kang Avenue 1, Singapore *****3 on
      499 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Sustainability is not a liability
      827 16  -  Savvy entrepreneurs reap life-long returns from the short-term spike in costs of green technologies FROM THE DESK OF Poul Due Jensen Group Senior Vice-President, Regional Managing Director at Grundfos Singapore Pte Ltd IF we were to simplify what a business is, we might come to
      PHOTO: GRUNDFOS  -  827 words
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  • SINGAPORE NEWS
    • Article
      Lock icon EC developers should heed policy’s spirit: Khaw
      843 17  -  Some see his remarks as being a precursor to measures to rein in EC prices By Mindy Tan tanmindy@sph.com.sg NATIONAL Development Minister Khaw Boon Wan has said that developers of executive condominiums (ECs) exercising the flexibility in pricing and design that they have
      843 words
    • Article
      Lock icon Innovation, simulation boost at CGH
      350 17  -  By Nisha Ramchandani nisha@sph.com.sg THE Eastern Health Alliance (EH Alliance) yesterday launched two facilities at Changi General Hospital (CGH): the Centre for Innovation (CFI) and the Changi Simulation Institute (CSI). The 250-square-metre CFI is an innovation incubator, where the alliance a partnership of health service
      350 words
    • Briefing
      • Article
        Lock icon SMRT to replace sleepers on North-South Line
        114 17 TRAIN operator SMRT Corp Ltd said yesterday that it would start phase one of its sleeper replacement programme on Monday along stretches of the North-South Line, as part of the upgrading and renewal of its network. A sleeper is a wooden plank to
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      • Article
        Lock icon Tamerton wins tender for Jurong Town Hall Rd hotel site
        101 17 THE Urban Redevelopment Authority (URA) has awarded a tender for a 99-year hotel site at Jurong Town Hall Road to Tamerton Pte Ltd. The latter submitted the highest bid of $238.2 million or $1,167.35 per square foot per plot ratio
        101 words
    • Article
      Lock icon No changes to Singapore’s gas supply from Indonesia
      475 18  -  S’pore’s gas sales agreements are not concluded with BPMigas, but with national O&G corporation Pertamina By Ronnie Lim ronnie@sph.com.sg SINGAPORE’S long-term gas supply contracts with Indonesia remain intact, BT understands. This indication came from the two importers of Indonesian piped gas here,
      475 words
    • Article, Illustration
      Lock icon Microsoft donates to President’s Challenge
      163 18 MICROSOFT Singapore has contributed $392,888 in cash and software to the President’s Challenge 2012. It gave an additional $30,000 to RSVP Singapore The Organisation of Senior Volunteers, which the technology giant partners to help train seniors in technology skills. Microsoft’s contributions were announced at its
      Yong Yun Seong  -  163 words
    • Article
      Lock icon More measures soon to help meet cab demand
      390 18  -  By Teo Si Jia teosj@sph.com.sg BY 2015, the taxi fleet size may not have increased by much, but commuters will find it easier to hail a cab at peak hours if the Land Transport Authority’s (LTA) new standard works out. In the
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      Lock icon Page 18 Advertisements Column 1
      51 18 Ministry of Education is hiring a Pre-School Education Officer Chevron Oronite is looking for Mechanical Technicians Siemens has positions open in Research Development Tractors Singapore is recruiting a Project Engineer Shangri-La Hotels Resorts has a vacancy for an Interior Design Manager Check out more than 500 positions available in CATS
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  • WORLD
    • Article, Illustration
      Lock icon Japanese school aims to create ‘Asian leaders’
      832 19 Founder says it’s high time the region stopped relying on Western-style leadership AFP Karuizawa, Japan ASIA may be driving growth in the world economy but a Japanese businesswoman behind an innovative new school believes the region is over-reliant on West-ern-style leadership. Lin Kobayashi
      AFP; PHOTO: AFP  -  832 words
    • Article
      Lock icon Bundesrat rejects tax deal with Switzerland
      451 19 Reuters Berlin GERMANY’S Upper House of Parliament yesterday rejected a deal with Switzerland to tax assets stashed by German citizens in Swiss bank accounts, dashing Chancellor Angela Merkel’s hopes of having the lucrative agreement in place by 2013. Despite a last-ditch appeal to the
      Reuters  -  451 words
    • Article
      Lock icon Japan’s secret economic weapon: women
      749 20 Government data shows that women account for a mere 1.2% of executives at 3,600 listed companies AFP Tokyo IN next month’s general election, politicians nearly all of them men will make promises on what they will do to fix Japan’s economic morass. Very few of
      AFP  -  749 words
    • Briefing
      • Article
        Lock icon UBS faces £45m fine for not detecting unauthorised trades
        99 20 Bloomberg London UBS AG, Switzerland’s largest bank, faces a fine of about £45 million (S$87.8 million) for failing to detect billions in unauthorised trades by Kweku Adoboli, according to a source familiar with the situation. The bank could get a maximum
        Bloomberg  -  99 words
      • Article
        Lock icon Business confidence rises in Germany in October
        93 20 Bloomberg London GERMAN business confidence unexpectedly rose from a two-and-a-half year low in November, signalling that growth in Europe’s largest economy may rebound. The Munich-based Ifo institute said that its business climate index, based on a survey of 7,000 executives, climbed to 101.4
        Bloomberg  -  93 words
      • Article
        Lock icon Mining magnate to support Australian swimmers
        96 20 AFP Sydney AUSTRALIAN mining billionaire Gina Rinehart yesterday said that she would splash out A$10 million (S$12.7 million) to support the country’s leading swimmers, who are reeling from a poor Olympic campaign. The announcement by Rinehart’s Georgina Hope Foundation comes a day after Swimming
        AFP  -  96 words
      • Article
        Lock icon Thai police warn of a plot to abduct Yingluck
        134 20 Bloomberg Bangkok THAI police warned of a plot to abduct Prime Minister Yingluck Shinawatra as her Cabinet approved using an internal security law to manage an anti-government rally scheduled for today. “We have some worrisome intelligence that there may be violence
        Bloomberg  -  134 words
    • Article, Illustration
      Lock icon ‘Black Friday’ now starts early Thursday
      992 21 Retailers move their openings earlier to attract customers who do not want to brave midnight crowds Reuters Bloomberg New York THE US shopping frenzy known as “Black Friday” kicked off at a more civilised hour welcomed by some shoppers this year, with retailers such
      Reuters; Bloomberg; PHOTO: AFP  -  992 words
    • Article
      Lock icon M’sian inflation in October stays at 2-year low
      190 21 Bloomberg Kuala Lumpur MALAYSIA’S inflation rate held at the lowest in more than two years in October, giving the central bank room to maintain borrowing costs and support the economy. Consumer prices rose 1.3 per cent last month from a year earlier,
      Bloomberg  -  190 words
    • Article
      Lock icon KL extends AirAsia’s right-to-fly by just 6 months
      169 22 AFP Kuala Lumpur TOP budget airline AirAsia has had its right-to-fly extended by six months rather than the standard two years after an audit by Malaysian regulators found “some issues”, an official said yes- terday. The government official said that the department
      AFP  -  169 words
    • Article
      Lock icon Shanghaidangles subsidies for financial companies
      361 22 Incentives to set up headquarters in city include housing allowances EJ Insight Hong Kong SHANGHAI is pulling out all the stops to develop into a global financial centre. The city, China's most populous, is dangling subsidies in stepped-up efforts to attract financial firms to the
      EJ Insight  -  361 words
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      55 20 THE PERFECT CHRISTMAS GIFT The best gift is one that lasts the whole year. This Christmas, enjoy 30% discount when you present someone a 12-month subscription of his/her favourite magazine. Log on to www.sphmagazines.com.sg/xmaspromo2012 or scan the QR code* now! You need to download a QR code reader app for
      55 words
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  • Article
    Lock icon SGX
    8048 23 Transaction date: Nov 23 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 12.1 18 66.8 0.4 2.9 57.5 6 3 A-Sonic 3.5 +0.1 170 3.5 3.4 3.4 3.7 3.7 25.1
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  • Article
    Lock icon SGX CATALIST
    1766 26 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 $mil 21 12.1 t 800 Super 19.6 -0.4 63 19.6 19.6 18.1 19.6 3.3 5.1 5.9 35 4 3 t AA Grp 3.1 2.6 3.8 3
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  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 2 5 0 0 0 9 2 5 Manufacturing 49 43 40 9 3 7 58 46 47 Commerce 25 15 19 4 0 2 29 15 21 Tpt/Stor/Comms 18 15 6
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    791 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 19 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Aspial Corp 20-Nov-12 Koh Wee Seng Buy 200 0.42 *****9 13.97 *****9 13.98 Perennial China REIT 20-Nov-12
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  • Article
    Lock icon SECURITIES TRADING TURNOVER
    123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,174 10,174 49,530 49,530 Manufacturing 594,121 488,136 1,082,257 153,494 5,270 158,764 Commerce 195,728 22,750 218,478 116,981 854 117,835 Tpt/Stor/Comms 91,943 13,316 105,259 128,454 4,015 132,469 Finance 26,697 1,590 28,287 64,486 740 65,226 Construction 140,510 610,678
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  • MARKETS
    • Article
      Lock icon LIFFE
      76 27 Nov 22 COCOA (£/tonne) Close Prev High/Low Dec 12 1576 1588 1597/1573 Mar 13 1573 1586 1597/1568 May 13 1580 1594 1602/1575 Jul 13 1584 1600 1606/1585 COFFEE(US$/tonne) Close Prev High/Low Nov 12 1862 1850 Jan 13 1873 1862 1887/1860 Mar 13 1887 1875 1900/1874 May 13 1902 1890
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    • Article
      Lock icon METALS
      67 27 Nov 23 GOLD(US$/oz) Nov 22 Nov 23 Hong Kong 1740.30 1740.50 Nov 21 Nov 22 London 1728.30 1730.83 1729.14 1731.87 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 41.23 40.58 Source: UOB PLATINUM Lon (US$/oz) Nov 22 Close Previous PM Fix 1582.00 1572.00 AM Fix 1581.00 1571.00 Source:
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    • Article
      Lock icon PALM OIL
      57 27 Nov 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 12 2251.0 2300.0 2270.0 2247.0 241 4702 Jan 13 2350.0 2373.0 2370.0 2342.0 4804 ***** Feb 13 2390.0 2411.0 2411.0 2380.0 ***** ***** Mar 13 2430.0 2446.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      84 27 Nov 23 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 21-Feb-13 0.23 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-14 102.04 5-Year N*****0Z 2.375 01-Apr-17 108.52
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Nov 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2740 1.2748 1.0409 1.0412 Canadian dollar 1.2268 1.2283 1.0032 1.0024 Euro 1.5793 1.5803 1.2904 1.2907 NZ dollar 1.0009 1.0017 0.8178 0.8181 Sterling pound 1.9532 1.9545 1.5959 1.5963
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      Lock icon SMX MARKET UPDATE
      94 27 As on 22 November 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1732.10 1728.70 1730.00 INDIA GOLD (E-GOLD) FUT DEC2012 577.00 575.90 576.30 CURRENCY EUR-USD FUT DEC2012 1.2890 1.2838 1.2867 BASE METAL COPPER FUT DEC2012 7743 7734 7717 INDEX IRON ORE (MBIO) IDX
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      Lock icon CHICAGO BOT
      103 27 Nov 21 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 13 1408.25 1412.75 1424.00 1399.25 Mar 13 1393.75 1396.25 1407.00 1384.75 May 13 1374.50 1379.00 1387.00 1368.00 Jul 13 1367.75 1372.25 1380.50 1362.75 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Dec 12 48.53 48.32 48.80 47.85
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      Lock icon OIL
      68 27 Nov 22 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 110.27 -0.28 WTI (Near Mth) 87.2 -0.48 Dubai (1-Mth F) 107.49 -0.58 Tapis blend 115.58 -0.1 Minas 108.86 -0.4 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.89 -1.11 Jet Kerosene 126.65 0.46 US$/barrel OpecOil Basket Price 107.94
      68 words
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      Lock icon FOREIGN CURRENCY NOTE RATES
      118 27 Nov 23 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.3 1.239 Can dollar 1.256 1.197 Euro 1.613 1.537 Sterling pound 1.989 1.913 NZ dollar 1.032 0.974 US dollar 1.249 1.19 Local dollars to 100 units of foreign currency: Currencies Sell
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      Lock icon LONDON METALS
      69 27 Nov 22 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1925.75 1910.75 3 months 1944.50 1931.00 Copper, Grade A (US$/tonne) Cash 7698.25 7676.00 3 months 7715.00 7692.00 Lead (US$/tonne) Cash 2167.25 2151.00 3 months 2165.00 2150.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Nov 22 Index Change Change Change Change Change Change World Preliminary 906.6 0.4 9.3 0.5 3.1 0.5 9.1 EAFE Preliminary 739.5 0.9 8.4 1.1 1.9 1.1 7.9 Europe Preliminary 1113.9 0.7 8.5
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      Lock icon STOCK MARKETS
      107 27 Straits Times Index YTD change: +12.96% 52-week high: 3,110.86 on Oct 5,2012 52-week low: 2,606.52 on Dec 20,2011 Source: Bloomberg Hang Seng Index YTD change:+18.88% 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: -7.82% 52-week high:
      Source: Bloomberg  -  107 words
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  • PERSPECTIVE
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      Lock icon The way out of the debt trap
      1224 28 / 29  -  One possible method is to leave debt levels (the principal) where they are, renewing debt when it is due, and focusing on an economic policy that diminishes the net interest burden. By Joergen Oerstroem Moeller By Joergen Oerstroem Moeller ~The writer is a
      PHOTO: REUTERS  -  1,224 words
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      Lock icon Nixon’s energy goal is now in sight
      522 28 / 29  -  Robert Samuelson The Wash ington Post Writers Group PREOCCUPIED by the election, Americans may be under the delusion that most major social and economic changes proceed from the ballot box. Not so. The latest reminder of this comes from a surprising source: the
      The Washington Post Writers Group; PHOTO: BLOOMBERG  -  522 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Re-thinking ways to boost returns
        1206 30 / 31  -  The best practice today in terms of portfolio asset allocation and management is due for an overhaul, says Schroders senior adviser Genevieve Cua gen@sph.com.sg Personal Finance Editor CONVENTIONAL wisdom says that a saver in his pre-retirement years should be increasingly heavily invested in conservative bonds.
        PHOTO: STOCK.XCHNG  -  1,206 words
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        Lock icon BROKERS’ TAKE
        729 30 / 31  -  Compiled by Kenneth Lim Technics Oil Gas Buy DMG Partners Research Nov 23 Close: $1.025 TECHNICS crossed the magic $20 million hurdle this year with an 8.2 per cent increase in the bottom line. FY12 revenue rose 19 per cent to $149.7 million, and the gross margin rose
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        Lock icon Bonds with a higher – even edible – yield
        1208 32 Bonds with a higher even edible yield European companies are seeking cash directly from individuals eager for higher returns in a low-interest environment NYT London BETH Foster was looking for a better way to invest part of her bonus than a savings account when she received an email from her
        NYT; PHOTOS: FILE, MR & MRS SMITH  -  1,208 words
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        Lock icon Putting on a veil of ignorance
        1566 33  -  Decision-makers should argue for the principles that everyone would like to have in an original position of equality SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder WE can’t help it. A lot of times, we do
        PHOTOS: AFP, REUTERS  -  1,566 words
    • WEALTH REAL ESTATE
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        Lock icon Househunt
        1029 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN OCT 24 AND OCT 30, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 30/10/2012 99 441 950 2154 V On Shenton Apt 25/10/2012 99
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        Lock icon HK developers seek changes to property tax
        524 35 Real Estate Developers Association says tax will jeopardise HK’s free market reputation Bloomberg Hong Kong HONG KONG developers are urging the government to adjust its first property tax targeted at overseas and corporate buyers because it threatens the city’s “hard-earned” reputation as one
        Bloomberg; PHOTO: BLOOMBERG  -  524 words
      • Article
        Lock icon New York plans disaster housing project with containers
        535 35 NYT New York THEY emerge unscathed from rough seas and handling, but can those impregnable shipping containers on the waterfront survive 5-year-olds with permanent markers? As thousands of families left homeless by Hurricane Sandy struggle to find lodging, New York City and
        NYT  -  535 words
      • Article
        Lock icon Chinese firm Future Land raises US$265m in HK IPO
        387 35 Reuters Hong Kong CHINESE property company Future Land Development Holdings Ltd has raised about US$265 million in a Hong Kong initial public offering (IPO), pricing the deal at the bottom of its proposed range in the latest sign of the tough
        Reuters  -  387 words
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      156 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. CLASSICAL PURITY IS THE DEFINING AESTHETIC OF THE JULES AUDEMARS COLLECTION. FOR CENTURIES THE ARTISAN HAS KNOWN THAT IT IS EASIER TO ADD THAN TO SUBTRACT. HERE HOWEVER THE MASTERY OF THE ESSENTIAL HAS PRODUCED A WATCH OF RARE PRESENCE AND
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      61 1 DINING Bakers’ cakewalk L5-7 LivingBTTHE BUSINESS TIMES WEEKEND NOVEMBER 24 25 2012 THE TIMEKEEPERS Watch enthusiasts are taking their hobbies to the next level L2-4 CEO'S HAWKER CHOICES 2012 The best carrot cake/oyster omelettes L10-12 PHOTO: YEN MENG JIIN GUEST CHEF Pied pipers of Nordic c uisine L13 DESIGN Designer
      61 words
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  • BT Living
    • STYLE
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        Lock icon The Timekeepers
        2219 2 / 3  -  Watch enthusiasts take their hobby to the next level. By Dylan Tan By Dylan Tan dylantan@sph.com.sg WATCH collecting is not just about obsessively amassing pieces. Like any hobby, there’s an art to each collector’s pursuit and the different ways they go about it. Take, for example, vintage watch
        ALL PHOTOS: YEN MENG JIIN; PHOTOS: YEN MENG JIIN  -  2,219 words
    • DINING
      • Article, Illustration
        Lock icon Bakers’ cakewalk
        3103 5  -  Yet another batch of independent bakeries have freshly popped up in Singapore. Debbie Yong looks at what’s driving the indie baker boom Debbie Yong debyong@sph.com.sg debyong@sph.com.sg IN food-obsessed Singapore, it’s not just restaurants that are mushrooming at a daily rate. Bakeries, too, are coming to the fore with
        PHOTOS: DEBBIE YONG; PHOTO: DEBBIE YONG  -  3,103 words
    • DESIGN
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        Lock icon DESIGNER COLLECTIBLES
        892 8 / 9  -  Eyed that Knoll Tulip chair but did not dare ask how much? Now you can own pieces of iconic designer furniture at the year-end sales where prices are slashed up to 70 per cent. By Tay Suan Chiang taysc@sph.com.sg I F you’ve been eyeing that piece of iconic
        892 words
    • CEO'S HAWKER CHOICES 2012
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        Lock icon Panfried pleasers
        2572 10 / 11  -  It’s not a cake made of carrots, and neither is it an omelette filled with oysters a la fin de claire. They’re just delicious misnomers to describe steamed cakes of radish and rice flour sauteed with eggs and either left natural or doused with sweet black sauce, or
        ALL PHOTOS: YEN MENG JIIN  -  2,572 words
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        Lock icon Foodie to the core
        743 12  -  Gavin Woo MD, Office Planner Pte Ltd GAVIN Woo is one lucky man, definitely where food is concerned. His wife used to run a restaurant for a brief period, and his mother wrote and published a cookbook two years ago. There’s no doubt that he’s surrounded
        PHOTO: OFFICE PLANNER  -  743 words
    • GUEST CHEF
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        Lock icon Pied pipers of Nordic cuisine
        952 13  -  Estonian chef Peeter Pihel and Norwegian Geir Skeie talk about Noma’s influence on the rest of the region. guest chef By Debbie Yong debyong@sph.com.sg THE cold and dreary Scandinavian winter is not something that affects most Singaporeans. Except perhaps for one upside: It’s also the
        PHOTOS: NORWEGIAN SEAFOOD COUNCIL  -  952 words
    • GADGETS
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        Lock icon Still the ultimate luxe
        1020 14  -  British brand Vertu created the luxury phone market back in 1998, when it was owned by Nokia. But it has now been sold to private equity group EQT. Vertu CEO Perry Oosting tells Christopher Lim why luxury gadget shoppers should still keep Vertu on their shopping
        1,020 words
    • HEALTH
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        Lock icon When a treadmill test is abnormal
        1008 15  -  For those suspected to have coronary artery disease, other than going for an invasive coronary angiogram, alternative diagnostic methods are available. By Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal
        1,008 words
    • SPORTS
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        Lock icon Suzuki Cup off to an exciting start
        605 16 Defending champion Malaysia hosts Singapore tomorrow in what is set to be a hothouse atmosphere AFP Singapore OUTH-EAST Asian champion Malaysia will be desperate to put a run of poor performances behind them when they begin the defence of their AFF Suzuki Cup
        AFP; FILE PHOTO  -  605 words
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        Lock icon Abramovich calls the shots at Chelsea
        542 16  -  kick off with jason de la pena FOR the army of Chelsea fans out there, this column isn’t meant to offend. I find myself merely backing up the old adage that a leopard never changes its spots and Chelsea’s Russian billionaire-owner, Roman Abramovich, is
        542 words
    • GOLF
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        Lock icon Setting course to be Masters for Asia
        705 17  -  The Thailand Golf Championship provides an international platform for the best players in the region to showcase their talent, alongside some of the best players in the world. By Justine Moss By Justine Moss WHEN the Thailand Golf Championship was established last year,
        705 words
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        Lock icon Reaching out to underprivileged kids
        377 17  -  By Justine Moss btworld@sph.com.sg WHEN my golf kaki Academy launched its junior golf programme in May 2012, it was the first initiative in Singapore to provide affordable golf lessons to 1,000 children from lower-income families. It was designed to develop and nurture an interest in
        377 words
    • MOTORING
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        Lock icon THE ‘S’ FACTOR
        598 18  -  The muscular new Audi S6 is special for being understated and useable. By Samuel Ee By Samuel Ee samuelee@sph.com.sg FOR a high-performance sedan, the new Audi S6 4.0 TFSI quattro is a remarkable exercise in restraint. Unlike its competitors, this mid-sized luxury model is understated in both
        598 words
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        Lock icon ALL-TERRAIN LUXURY
        679 19  -  The Range Rover has the broadest range of capabilities in its class. By Samuel Ee By Samuel Ee samuelee@sph.com.sg ONCE a year, if you’re lucky, you will be able to test your new Range Rover’s improved wading depth of 900 mm in a flash flood near you. This
        679 words
      • Article, Illustration
        Lock icon A great way to wrap up 2012
        560 20  -  The world championship will be decided at the final race of the season, the Brazilian Grand Prix. f1 watch By Samuel Ee samuelee@sph.com.sg RUMOUR has it that Red Bull’s Sebastian Vettel has promised to get a Brazilian if he wins this weekend's Grand
        PHOTOS: AP  -  560 words
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      857 4 wine&dine with BTWeekend Jolly Christmas Goodies Cafe Mocha, Level 1, Marina Mandarin Singapore 6 Raffles BoulevardZ 6845 1066 Till 25 December 2012 Share good tidings of love and joy at Marina Mandarin Singapore with new festive creations such as the Japanese-themed Hokkaido Red Miso Wild Wasabi Turkey and the red
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      79 10 / 11 WE UNDERSTAND THE VALUE OF GREAT PARTNERSHIP Knight Frank We are passionate about property and deliver only the highest standards of quality and integrity. We work continuously to meet our clients’ real estate needs, which is why we are the largest privately owned global real estate agency. Call us today
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