The Business Times, 27 November 2012

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Microfilm: NL32295
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, November 27, 2012
    25 words
  • Article, Illustration
    Lock icon Labour costs bite, but SMEs cling to old ways
    813 1  -  Survey shows that many still not raising productivity despite jump in manpower costs By MALMINDERJIT SINGH [SINGAPORE] Rising manpower costs are starting to bite businesses hard, a leading survey of more than 10,000 small and medium enterprises (SMEs) in Singapore shows.
    Source: DP Information Group  -  813 words
  • Article, Illustration
    Lock icon Ping An eyes legal action following NYT reports
    678 1 Relatives of Premier Wen made billions through firm: paper Reuters AFP NYT [BEIJING] China’s sec-ond-biggest insurance company has threatened to take legal action against the New York Times for reports that Premier Wen Jiabao’s relatives had accumulated massive wealth, largely through holdings
    Reuters; AFP; NYT  -  678 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3004.50 (+15.22) GST INDEX FUTURES 3,005.00 (+16.00) GSIMSCI 339.94 (+1.30) GSIMSCI FUTURES 339.90 (+1.40) US$ S$ US$ (S$ per US$) 1.223 (US$/S$ per 1.601 1.958 EURO (US$/S$/€) 1.296 1.585 Foreign currency per US$ S$ YEN 82.10 67.10 RM 3.054 2.497 HK$ 7.750 6.339 BAHT 30.68 25.09 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Monday Change KL COMP 1,607.88 -6.44 NIKKEI 225 9,388.94 +22.14 HANG SENG 21,861.81 -52.17 SET INDEX 1,290.85 +9.15 JAKARTA COMP 4,375.17 +26.36 MANILA COMP 5,579.42 +27.08 SEOUL COMP 1,908.51 -2.82 SHENZHEN B 606.82 -1.26 MUMBAI IND 18,537.01 +30.44 11am EST Change DOW 12,926.09 -83.59 NASDAQ 2,963.62 -6.77
      48 words
    • Article
      Lock icon PRIME RATES
      18 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.533 TAIWAN 5 036 JAPAN 1.475 Source Bloomberg
      18 words
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      86 1 COMPANIES 9.9% yield seen for Asean stocks in 2013 PAGE 10 PRODUCTIVITY MATTERS Renewed push for design here page 15 INVESTING More Singaporean women feel financially secure than their male counterparts page 12 SPECIAL FOCUS Asean-India: Progress prosperity pages 31-39 Inc When staff is family At BK Civil and Construction,
      86 words
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      2 1 *****1 *****4
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  • TOP STORIES
    • Article
      Lock icon SMRT bus drivers return to work today
      574 2  -  The 102 Chinese nationals, who did not turn up for work yesterday, were unhappy with their pay By ONG CHOR HAO [SINGAPORE] After a day-long standoff over pay that brought in the riot police at one point, a group of more than a
      574 words
    • Article, Illustration
      Lock icon Factory output in October down for 3rd straight month
      686 2  -  Drop of 2.1% comes in wake of falls of 2.8% and 2.2% By CHUANG PECK MING [SINGAPORE] Factory output dipped 2.1 per cent from a year ago in October the third straight monthly drop. This has once again raised the risk
      Source: EDB Singapore  -  686 words
    • Article
      Lock icon More SMEs venturing overseas amid slowing economy: survey
      510 2  -  Focus is in Asia, due partly to proximity, market familiarity By MALMINDERJIT SINGH [SINGAPORE] More than half of Singapore companies are venturing overseas as a slowing economy and rising business costs crimp bottom lines. Some 54 per cent of SMEs surveyed here
      510 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      490 2 Labour costs bite, but SMEs cling to old ways RISING manpower costs are starting to bite businesses hard, a survey of more than 10,000 small-and-medium enterprises in Singapore shows. While this is to be expected as the labour landscape is repainted and government nudges companies to take the
      490 words
    • Article, Illustration
      Lock icon India turns subsidies for poor into cash as elections loom
      645 4  -  Govt to transfer US$640 into each poor family’s bank account annually By NEETA LAL in New Delhi INDIA is rolling out one of the biggest welfare initiatives in the world a huge basket of cash transfers to help its poor
      PHOTO: BLOOMBERG  -  645 words
    • Article
      Lock icon MAHB’s expansion path draws positive reviews
      462 4  -  Stansted Airport bid comes as shares’ liquidity gets boost By S JAYASANKARAN By in Kuala Lumpur MALAYSIA Airports Holdings’s (MAHB) bulking up of its business is drawing favourable analyst attention. Its plans to buy an English airport, complete its new budget terminal next year,
      462 words
    • Article, Illustration
      Lock icon Legal spat between Bayan founder and Sukamto Sia ends in stalemate
      851 4  -  By GRACE LEONG [SINGAPORE] A bitter legal fight between Low Tuck Kwong, founder of PT Bayan Resources, and Singapore businessman Sukamto Sia ended in a stalemate when the High Court found that neither party had proved their claims. While
      851 words
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      104 3 Exact and Exultant MESURE ET DEMESURE* ■f as x i Mm PARMrGIANI FLEl RIER 60 43k 1 20 40 K < s' S' V V »v k Vfi Id- r t DVDVX kjl V s' v V V V' v V y KALPAGRAPHE Rose gold Automatic movement chronograph Hermes Alligator
      104 words
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      953 4 SAPPHIRE CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****2465W) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of Sapphire Corporation Limited (the “Company”) will be held on 12 December 2012 at 3 p.m. at 123 Genting Lane, #07-01,
      953 words
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      Lock icon Page 4 Advertisements Column 2
      27 4 ra 'T 6 THE PERTH MINT AUSTRALIA www.perthmintbullion.com For your chance to WIN a 1oz gold minted bar, register by 31 December 2012* Conditions apply, see website
      27 words
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      100 5 v': V PAN ERAI.COM ->^ >_T .*j 7r^r' ~b&j- >v 2«TO BCSW: ■f 7«%s: <’. -JS^T_ > i£s-T5£-*-■-' 4 ffigsSGcL 7_-7.vv.;" h g J?? •Ti, a i- Sli® g >-ir« zser&T- >* V Vj Vi V V X TV ?S< 5 ++CJt' .r RADIOIVIIF* PAN i om am J ■■7:
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Far East Orchard looks to expand beyond S’pore
      440 6  -  It inks non-binding MOU to buy Straits Trading’s hospitality management biz By MINDY TAN IN A bid to expand its hospitality business beyond Singapore, Far East Orchard Limited (FEOrchard) has entered into a non-binding memorandum of understanding with The Straits Trading Company
      PHOTO: RENDEZVOUS GRAND HOTEL  -  440 words
    • Article
      Lock icon mDR ventures into Myanmar’s mobile phone market
      487 6  -  By VEN SREENIVASAN LISTED telephone equipment and services player mDR is venturing into Myanmar’s underserved mobile telephone market via a joint venture with local partners there. The mainboard-listed company yesterday said it had inked a heads of agreement with Be-Well (Myanmar) Company Limited,
      487 words
    • Article
      Lock icon Keppel T&T in Anhui logistics park venture
      398 6  -  It owns 60% of the outfit, modelled after its Jilin project By LYNN KAN KEPPEL Telecommunications and Transportation (Keppel T&T) will jointly develop and operate a Chinese cold-chain logistics park in Luan city, Anhui province, riding on the Chinese government’s priority of improved
      398 words
    • Article
      Lock icon Alliance plans Catalist listing
      342 7  -  Philippine-listed fish producer will issue 400m SDS; price yet to be determined By TEO SI JIA PHILIPPINE-LISTED fish producer Alliance Select Foods International plans to list on SGX’s second board in the second quarter next year. The canned tuna and smoked salmon producer said yesterday that
      342 words
    • Article
      Lock icon Pacific Andes posts profit of HK$627.7m
      474 7  -  Fishery, fish-supply units pull down overall figures By ANDREA SOH FROZEN fish supplier Pacific Andes Resources Development (Pard) saw its earnings for the 2012 financial year inch up on the back of higher revenue from its supply chain management division, which offset a drop
      474 words
    • Article, Illustration
      Lock icon Biological assets rule ambiguous
      610 7 Assumptions on future prices are subjective: analysts Bloomberg [TOKYO/NEWYORK] Shortseller Carson Block’s Muddy Waters LLC says that believing commodity trader Olam International Ltd’s accounting requires a “leap of faith.” The ambiguity lies with the rules as much as the company. A global accounting standard introduced in
      Bloomberg; PHOTO: BLOOMBERG  -  610 words
    • Article
      Lock icon EMS Energy responds to SGX on trading surge
      261 7  -  By FELDA CHAY CATALIST-LISTED EMS Energy Ltd, issued a trading query yesterday by the Singapore Exchange (SGX) after a sharp surge in the trading of its shares, said it was “contemplating a corporate action”. Some 56.3 million shares of the solutions provider
      261 words
    • Article
      Lock icon 9.9% yield seen for Asean stocks in 2013
      570 10  -  S’pore remains least preferred market: Morgan Stanley report By LEE MEIXIAN MORGAN Stanley expects Asean equities to deliver an average return of 9.9 per cent through 2013, a significant improvement from its more cautious outlook for the second half of this year.
      570 words
    • Article
      Lock icon STC makes general offer for WBL Corp
      355 10 STRAITS Trading Company (STC), which is divesting its hotel assets to Far East Orchard Ltd, announced late last night that it is making a general offer for WBL Corp in shares or cash worth over $500 million. This came after STC’s planned acquisition
      355 words
    • COMPANY BRIEFS
      • Article
        Lock icon Colex awarded licence worth $139.76m
        70 10 COLEX Holdings Ltd has been awarded a seven-year waste management licence for the Jurong sector worth $139.76 million. The licence, from the National Environment Agency, will start on April 1, 2013. Colex said the award was expected to have a positive impact on the earnings
        70 words
      • Article
        Lock icon No go for A-Reit’s $32m planned sale
        31 10 ASCENDAS Real Estate Investment Trust’s planned sale of 6 Pioneer Walk to a unit of Chasen Holdings Ltd for $32 million has fallen through.
        31 words
      • Article
        Lock icon Marco Polo Marine posts $3.9m Q4 profit
        77 10 MARCO Polo Marine posted a net profit of $3.9 million for Q4 FY2012, up 10 per cent from a year ago. This was despite revenue slipping 3 per cent to $19.8 million. For FY2012, net profit was $21.3 million, up 23 per cent
        77 words
      • Article
        Lock icon BRC FY2012 profit rises 9% to $16.5m
        41 10 BRC Asia Ltd’s FY2012 net profit rose 9 per cent from a year earlier to $16.5 million due to higher sales volume. Revenue for the year was up 37 per cent at $388.45 million.
        41 words
      • Article
        Lock icon Frencken to acquire all of Juken shares
        34 10 FRENCKEN Group will be exercising its right to compulsorily acquire all the shares of Juken Technology Ltd. Following this, Juken will be delisted from the Singapore Exchange.
        34 words
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      209 6 LINK@AAAK YOUR LINK TO BETTER BUSINESS I _ll <_ ttn U U2 mu ms mb Bffl 8R L t «b «i Bps Cfl ■H a tm m *5?-. as as gS0lB a -4 r* -1 i Artist s Impression v.4. A STRATEGIC LOCATION PRIMED FOR SUCCESS NEW BUSINESS 1 INDUSTRIAL
      209 words
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      536 7 Your retirement starts with a conversation. At Citigold, we work with you to manage your wealth towards your retirement aspirations. We distribute a wide range of retirement policies including ManuRetire Secure". It all begins with a conversation. Singapore's first investment-linked plan that: Guarantees 80% of the fund's highest unit price
      536 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Fiscal cliff hopes send STI up 15pts
      596 8  -  Trading volume remains high, low dollar value points to penny stocks’ dominance STOCKS R SIVANITHY Senior Correspondent WALL Street’s Friday rise that came on the back of hopes that the US fiscal cliff problems might be resolved by year-end helped push the Straits
      Source: Bloomberg  -  596 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      72 8 Nov 26 VALUE CLOSE BT OB/OS -34.00 +175.0 BT CADI -*****.00 +50.00 BT 10-day MA -*****.00 -3.00 FTSE ST Mid Cap 742.17 +4.68 FTSE ST Small Cap 483.44 +0.89 FTSE ST All Share 736.97 +3.77 FTSE ST China Top 199.78 +1.86 FTSE ST China 223.85 +1.77 FTSE
      72 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      54 8 VOLUME YHM 700,008,000 Noble Grp 76,874,000 Innopac 69,654,000 EMS Ener 56,292,000 Thakral 42,029,000 Teledata 40,569,000 Memstar 40,281,000 IPCO Intl 32,187,000 ChinaTitan 31,382,000 Golden Agri 31,283,000 VALUE($) Noble Grp 84,734,615 SingTel 48,924,110 Olam 41,630,548 DBS Grp 31,149,940 Keppel Corp 30,179,860 Wilmar 25,306,650 YHM 24,405,982 UOB 24,275,468 CapitaLand 24,080,520
      54 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 5 6 0 0 0 5 5 6 Manufacturing 46 46 34 5 7 11 51 53 45 Commerce 19 16 16 1 2 2 20 18 18 Tpt/Stor/Comms 17 12 9
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 9,530 9,530 46,653 46,653 Manufacturing 237,260 74,441 311,701 132,070 904 132,974 Commerce 216,350 18,246 234,596 175,977 602 176,579 Tpt/Stor/Comms 85,861 17,604 103,465 126,312 5,320 131,632 Finance 80,145 2,314 82,459 91,019 1,087 92,106 Construction 62,865 700,805
      123 words
    • Article, Illustration
      Lock icon Korean won up on euro’s strength against dollar
      519 8 CURRENCIES Reuters Bloomberg [SEOUL] The South Korean won edged higher in domestic trade yesterday, benefiting from the euro’s gains against the dollar, but concerns about additional intervention by local authorities to slow the currency’s appreciation continued to weigh. The local currency was
      Reuters; Bloomberg; PHOTO: BLOOMBERG  -  519 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 8 Stock name Close Change CapMallsAsia 1.910 +0.035 CapitaLand 3.430 +0.020 CapitaMall 2.100 +0.040 CityDev 11.290 +0.010 ComfortDelGro 1.665 +0.005 DBS Grp 13.980 +0.100 F&N 9.390 GLP 2.550 Genting SP 1.240 +0.020 Golden Agri 0.625 +0.015 HK Land 6.640 +0.080 IHH Healthcare 1.250 JMH 59.360 +1.370 JSH
      110 words
    • Article, Illustration
      Lock icon Copper steady as investors await Greek debt deal
      876 8 Reuters Bloomberg [LONDON] Copper steadied yesterday after a two-week rally, as investors awaited the outcome of the latest round of talks to provide emergency loans to keep Greece afloat, though signs of economic recovery in China kept a floor under prices of
      Reuters; Bloomberg; PHOTO: BLOOMBERG  -  876 words
    • Article
      Lock icon RISES
      113 8 BY CENTS CLOSE UP JMH 5936 167.5 2.4 GLD 10US$ ***** 158.9 0.8 Jardine C&C 4945 66.0 1.4 OCBC Bk 4.5%NCPS 100 ***** 42.0 0.4 Hyflux 6% CPS 10 ***** 40.0 0.4 DBXT MSTHAI 10US$ 1912 39.1 1.7 DBS Bk 4.7% NCPS 100 ***** 30.0 0.3 DBXT MSINDO 10us$
      113 words
    • Article
      Lock icon FALLS
      122 8 BY CENTS CLOSE DOWN DBXT AUD Bonds 5AU$ ***** -65.2 -0.3 DBXT S&P Short 10US$ 3569 -46.5 -1.1 DBXT FTVietnam 10US$ 1936 -40.3 -1.7 DBXT Nifty 10US$ ***** -30.6 -0.2 JSH 3518 -17.1 -0.4 Keppel Corp 1050 -12.0 -1.1 BiosensoBPeCW*****2 14.6 -10.9 -42.7 DesignStudio 38.5 -9.5 -19.8 SIA 1041
      122 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      231 9 PATEK PHILIPPE GENEVE Begin your own tradition. 7T Ln *-a 2 tr C OQ T3 n P5d O A >. > < o P as 4 “Of course, the acoustics of all minute repeaters have to be tested. In ourfamily-owned watch company, the President does it Every Patek Philippe wristwatch
      231 words
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      341 10 SIM k A UNIVERSITY CONTINUING EDUCATION TRAINING Knowledge and skills Khor Boon Huo Social worker and lifelong learner Career advancement i hi •t a a 9 career moving. Hone your professional skills with our post-graduate certification courses SIM University helps working adults like Boon Hua get ahead professionally. Our quality
      341 words
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      145 10 Join us on 1st Dec 2012 to learn the ATAS trading approach from the experts. Knowing this trading methodology will help you invest with confidence and achieve consistent trading profits. Learning Points: Alpha Trading Approach for Shares (ATAS) investment methodology Methods to identify profitable counters before they jump How to
      145 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Reaping returns from A*Star research
      804 11  -  Realised commercial value of IP to exceed $60m for 12 months to March By CHEN HUIFEN IT MAY have taken a while, but returns from public research orchestrated here are beginning to see some results. Intellectual property (IP) developed at A*Star research institutes is projected
      Source: Exploit Technologies  -  804 words
    • Article, Illustration
      Lock icon Real estate no longer a cowboy industry: Khaw
      391 11  -  By MINDY TAN THE transformation of the real estate sector has begun, and what used to be regarded as a “cowboy” industry is now more professional, National Development Minister Khaw Boon Wan has said. In a post in his blog “Housing Matters”,
      391 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Moses Lee new Tote Board head
        184 11 MOSES Lee will succeed Bobby Chin as board chairman of the Singapore Totalisator Board (Tote Board) with effect from Jan 1 next year. The Tote Board manages the donation of surplus funds generated from the operations of Singapore Turf Club and Singapore Pools. Mr
        184 words
      • Article
        Lock icon Pasir Ris EC site awarded to Hao Yuan
        66 11 THE Housing Development Board (HDB) has awarded the executive condominium (EC) site at Pasir Ris Drive 3/Pasir Ris Rise to Hao Yuan Investment, which is controlled by mainland China parties. Hao Yuan had earlier put in the highest bid of $206.7 million
        66 words
      • Article
        Lock icon M Sornarajah joins RHTLaw Taylor Wessing
        69 11 RHTLaw Taylor Wessing has recruited academic and international arbitrator M Sornarajah as a senior consultant of the firm, which took effect last week. Professor Sornarajah is a C J Koh Professor at the Faculty of Law of the National University of Singapore, a fellow
        69 words
    • Article, Illustration
      Lock icon Singapore women investors feel more secure than men
      459 12  -  Besides feeling ‘very financially secure’, they also have a higher risk tolerance, survey shows By LYNN KAN GENDER divides when it comes to investing. A Friends Provident International survey points out that more Singaporean women feel financially secure than their male counterparts,
      Source: Friends Provident International  -  459 words
    • Article, Illustration
      Lock icon RWS shows CSR is no child’s play
      612 12  -  By TEO SI JIA RESORTS World Sentosa (RWS) may be in the gaming business, but it is serious about giving back to society. At the integrated resorts and casino operator, corporate social responsibility (CSR) takes the form of RWS Cares, which focuses on
      FILE PHOTO  -  612 words
    • Article
      Lock icon ICPAS to train mid-career job seekers
      265 12 THE Institute of Certified Public Accountants of Singapore (ICPAS) has hit on a way to ease the shortage of accounting technicians and give mid-career job seekers entry into the profession at the same time. It has launched a training programme to make accounts assistants
      265 words
  • Page 11 Advertisements
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      20 11 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings WATS NOTICES CLA/FEB11/g
      20 words
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      Lock icon Page 11 Advertisements Column 2
      112 11 I CORUM LA CHAUX-DE-FONDS SUISSE m i n Wm w, wm m Si I 7 L 2 i H A »■< M ADMIRAL’S CUP LEGEND Watch with tourbillon escapement, 18K red gold case water-resistant to 30 meters. Sapphire crystal back. CORUM automatic movement with micro-rotor. CORTINA WATCH ESPACE Millenia Walk
      112 words
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      118 12 W- i 8 H mi m WmmgM '0 yfSi •ra>S&i :0. S&f'jl -:-j CO CO o Hi CO cz o s “O Cl 1 mm m i B to L Hi o 4= o_ S'" ZD m o :K“ m :•>-• li mmm& s M$h: i mW« i^ m* cn
      118 words
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  • SME Inc
    • Article, Illustration
      Lock icon When staff is family
      980 13  -  At BK Civil and Construction, much importance is placed on employee welfare as manpower is its main asset, reports MINDY TAN reportsMINDY MINDY TAN TO hear Lee Yeow Koon, managing director of BK Civil and Construction, talk about his company, one might be excused for assuming
      wastage.’PHOTO: ARTHUR LEE  -  980 words
    • Article, Illustration
      Lock icon Rise of the business world’s hitman
      913 14  -  More and more companies are turning to the super contract professional to get a difficult job done effectively By STELLA TANG The writer is director at global specialist recruitment firm Robert Half Singapore THEY are the business world’s equivalent of a hitman. When a
      PHOTO: STOCK.XCHNG  -  913 words
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      157 13 Have an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
      157 words
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  • Page 14 Advertisements
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      42 14 khstf2 A P/kwfiA cvctM o&S'h flritlwS KISS92 IS PART OF SPH RADIO NETWORK A $20,000 diamond is yours for a kiss Tune in to Kiss92 to find out how to make this diamond yours forever kiss92.sg Dfacebook.com/kiss92fm @kiss92fm 9 the Diamond guarantee
      42 words
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  • PRODUCTIVITY MATTERS
    • Article, Illustration
      Lock icon Renewed push for design here
      1593 15  -  DesignSingapore Council to have new address and fresh initiatives to raise the bar in ideas-driven economy. DESIGN By TEH SHI NING DESIGN is not just about aesthetics and creativity, and goes beyond the invention of functional objects. Rather, it is a powerful innovation tool businesses
      Source: Department of Statistics  -  1,593 words
    • Article, Illustration
      Lock icon Looking from the customer’s viewpoint
      1234 15  -  Design thinking mindset is gradually taking root in the corporate world By ANDREA SOH NO longer an afterthought, design has moved into the boardroom at some companies. Rather than a “mere outcome” that it was some years back, design is now valued as an input,
      PHOTO: YEN MENG JIIN  -  1,234 words
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      106 16 NOW THERE IS A QUICK AND FREE WAY TO SELL YOUR CAR. 'T' Mi-r y m 1 v 4 I 1 V Vi it t < STCARS POST YOUR CAR AD FOR FREE >4> > ..fV* 1 X Af» ■xrmifiVt'* :S •s Cvn; IT I %sKi f|l n*4 -4 •Jot
      106 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Jakarta move may worsen labour crunch in Malaysia
      535 17  -  Almost half of 33 Indonesia provinces plan pay hikes by up to 49% from 2013 By PAULINE NG in Kuala Lumpur ALREADY grappling with an acute shortage of workers in the plantation sector, Malaysian oil palm planters will find it even more
      535 words
    • Article
      Lock icon Maybank mulls incorporating S’pore ops
      462 17 [KUALA LUMPUR] Malayan Banking Bhd (Maybank) will decide over the next six months whether it wants to locally incorporate its Singapore retail banking operations, a move that may enable it to double the number of outlets there. “If we do incorporate, then we can increase
      462 words
    • Article, Illustration
      Lock icon Yudhoyono takes well-deserved victory lap
      668 17 Bloomberg [JAKARTA] Susilo Bambang Yudhoyono is taking a well-deserved victory lap for restoring order to Indonesia. Fifteen years ago, the nation with the world’s largest Muslim population looked set to break apart in Asia’s answer to the Soviet Union. The ouster of brutal dictator Suharto
      Bloomberg  -  668 words
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      77 17 Let’s celebrate your spirit of entrepreneurship. f Pearl of Luxury Indulgence into Organised by: Congratulations to all the recipients of FLA Award 2012! Diamond Award (5000 units) Winner Bronze Award (50-99 units) Winner Runner up Runner up Winner Supported by: Event Partner: HMSHost Singapore Pte Ltd, Tan Say Peng for
      77 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China’s wage gains slow on weak profits
      741 18 Drop in growth undermines Beijing’s efforts to boost consumer spending Bloomberg [BEIJING] China’s wage gains have moderated on weaker corporate profits, capping consumer demand as the government seeks to sustain a rebound after a seven-quarter economic slowdown. Average urban salaries rose 12 per
      Bloomberg; PHOTO: BLOOMBERG  -  741 words
    • Article
      Lock icon Delhi slaps govt officials with spending cuts to pare deficit
      779 18 It’s likely to miss goal of 5.3% of GDP and hit 5.6% instead Reuters [NEW DELHI] India’s finance minister has banned government officials from holding conferences at fivestar hotels, restricted travel and ordered a freeze on hiring to fill vacant
      Reuters  -  779 words
    • Article
      Lock icon RBI urged to buy bonds as corporate loan rates surge
      555 18 Bloomberg [MUMBAI] The Reserve Bank of India is facing pressure to boost cash in the economy by resuming debt purchases after threemonth borrowing costs for companies climbed from the lowest in more than two years. Commercial paper rates for top-ranked
      Bloomberg  -  555 words
    • Article
      Lock icon Samsung says China suppliers violated labour law
      594 18 Bloomberg [SEOUL] Samsung Electronics, the world’s largest maker of TVs and mobile phones, said an internal audit of suppliers in China found “inadequate practices” that include employees working more overtime than allowed by law. Samsung found that some of the 105 suppliers checked
      Bloomberg  -  594 words
  • Page 18 Advertisements
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      640 18 WATS NOTICES In the Matter of The Companies Act, Cap. 50 And In the Matter of BOTANY BAY SHIPPING COMPANY PTE. LTD (In Provisional Liquidation) (Company Registration No: *****6067K) NOTICE PURSUANT TO SECTION 291(4) STATUTORY DECLARATION BY DIRECTORS OF COMPANY’S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES LODGED
      640 words
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      602 18 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF X-TERRA SERVICES PTE LTD (PROVISIONAL LIQUIDATORS APPOINTED) Company Registration No. *****8654D NOTICE OF MEETING OF CREDITORS Notice is hereby given that pursuant to Section 296 of the Companies Act Cap.50, a meeting of the creditors of
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      332 19 Congratulations to AsiaPhos Private Limited on the launch of its corporate identity and completion of Phase I construction of Sichuan Mianzhu Norwest Phosphate Chemical Co Ltd's production facilities A f' Vj .1 m m 4 75 :r Ikr A i y CIO 11; ASIAPHOS AsiaPhos Private Limited is a Singapore
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      73 20 TO BE DRIVEN TO DRINK THAN TO BE DRIVEN TO JAIL. DON’T DRIVE TO DRINK AND YOU’LL NEVER DRINK AND DRIVE. i a. This community service message is brought to you by s> SINGAPORE POLICE FORCE A SINGAPORE ABROAD SAFETY COUNCIL IF YOU NEED TO, WE CAN HELP YOU SELL
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Bank of Japan rift surfaces over monetary easing policy
      791 21 Minutes of meeting show new board members are for stronger commitment to an ultra-loose policy Reuters [NAGOYA, Japan] A split within the Bank of Japan (BOJ) was laid bare yesterday, with newcomers to its board pressing to strengthen commitment to an
      Reuters; PHOTOS: REUTERS, AFP  -  791 words
    • Article
      Lock icon Canada loses to US in corporate tax disputes
      627 21 IRS wins 3 binding decisions in 2 years, collecting US$100m Reuters [WASHINGTON] The United States is undefeated in the nearly two years since it began settling corporate tax disputes with Canada through a winner-takes-all process popularly known as baseball arbitration. Tax lawyers
      Reuters  -  627 words
    • Article
      Lock icon Regulation spurs demand for risk, compliance staff
      640 21 Banks taking compliance ops in-house, rather than outsourcing to law firms Reuters [SINGAPORE] Tough regulations aimed at banks have jolted demand for compliance, risk and legal officers, creating one of the few bright spots in an otherwise dismal job market for the financial
      Reuters  -  640 words
    • Article
      Lock icon Tax breaks have little effect on savings: study
      525 21 Every dollar spent on tax breaks ups savings by just 1% NYT [WASHINGTON] Every year, the US government spends more than US$100 billion on tax breaks to encourage Americans to save more for retirement. But a new study suggests that such provisions
      NYT  -  525 words
  • Page 21 Advertisements
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      363 21 WAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SPRING QUAY HOLDINGS PTE LTD (Co. Reg.No. *****0280H) (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a Final Meeting
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      371 21 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MCTEL ASIA PTE. LTD. (COMPANY NO: *****9775W) GEMPLUS ASIA PACIFIC PTE. LTD. (COMPANY NO: *****5103C) (BOTH IN MEMBERS’ VOLUNTARY LIQUIDATION) FINAL MEETINGS NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50,
      371 words
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  • CUSTOMER SATISFACTION INDEX OF SINGAPORE
    • Article, Illustration
      Lock icon Diners less satisfied with restaurants
      806 22  -  Customer expectations are not being met. LABOUR CRUNCH By ZEINAB YUSUF SAIWALLA Despite having in place various training programmes and innovative strategies, the difficulty that restaurants face in retaining and employing service staff is beginning to show. Results from the latest Customer Satisfaction Index of
      FILE PHOTO  -  806 words
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      Lock icon Hotels move to improve service as their scores dip
      676 22  -  Tourist considerably less satisfied with hotels this year than last year: survey By ZEINAB YUSUF SAIWALLA THE shortage of manpower, a result of tightened labour conditions, has left many hotels with less satisfied customers, according to a recent survey conducted by
      676 words
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      Lock icon Food-court segment shows steady, significant improvement
      771 22  -  Survey highlights areas of operations to target to raise customer satisfaction levels By TEH SHI NING THE very nature of a food court with its many vendors and wide customer base poses a challenge when it comes to customer satisfaction. It is no surprise
      FILE PHOTO  -  771 words
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      Lock icon Striving for customer happiness
      945 23  -  Opinions differ on the reasons behind contrasting satisfaction data from locals and tourists, reports TEH SHI NING reportsTEH TEH SHI NING TOURISTS are less happy with Singapore’s hotels, attractions and dining than they were a year ago. Despite a larger decline in satisfaction levels, they remained
      945 words
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      Lock icon Perceived quality versus what the customer really wants
      767 23  -  By TEH SHI NING THE old notion that the key to making a customer happy lies in pleasant surprises and exceeding expectations, needs to be put in its proper place, says the Institute of Service Excellence at the Singapore Management University (ISES).
      Source: CSISG  -  767 words
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      198 23 ISES ANNUAL CORPORATE MEMBERSHIP M SMU H SINGAPORE MANAGEMENT UNIVERSITY CONTRIBUTING TO YOUR JOURNEY TOWARDS SERVICE EXCELLENCE The ISES Corporate Membership will provide your organisation with in-depth information and analysis of your businesses’ customer satisfaction metrics, obtained directly from the CSISG. Membership will provide your management with a detailed report
      198 words
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  • WORLD
    • Article
      Lock icon Web access battles brew before UN conference
      586 24 Critics fear that changes could lead to greater efforts to censor Web content, stifle innovation AP [DUBAI] An upcoming UN gathering about Internet oversight is raising alarms from a broad coalition of critics, including the US, tech giants such as Google and rights
      AP  -  586 words
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      Lock icon Separatists in Spain’s Catalonia clinch regional elections
      347 24 Reuters [BARCELONA] Separatists in Spain’s Catalonia won regional elections on Sunday but failed to get the resounding mandate they need to push convincingly for a referendum on independence. Catalan President Artur Mas, who has implemented unpopular spending cuts in an economic crisis, had
      Reuters; PHOTO: AP  -  347 words
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      Lock icon Vettel wins third straight title in Brazil after tough race
      617 24 German is F1’s youngest three-time champion at age 25 AP [SAO PAULO] Sebastian Vettel found himself spinning around on the track just after the start, watching helplessly as other cars whizzed past him. His Formula One (F1) title hopes seemed
      AP; PHOTO: REUTERS  -  617 words
    • Article
      Lock icon FSA fines UBS £29.7m over Adoboli scandal
      561 24 Regulators uncover several ‘particularly serious’ failings AFP [LONDON] Britain’s financial regulator said yesterday it had fined Swiss bank UBS £29.7 million (S$58 million) for failings that allowed Kweku Adoboli to commit the country’s biggest fraud. Adoboli, 32, was jailed last week for seven
      AFP  -  561 words
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      Lock icon Black Friday tops US$1b online sales for 1st time
      567 25 It exceeds last year’s haul by 26%, says consulting firm Comscore AFP [NEW YORK] US shoppers spent heavily online on the crucial Black Friday shopping day, for the first time topping US$1 billion in online sales in a single day, analysts
      AFP; PHOTO: BLOOMBERG  -  567 words
    • Article
      Lock icon Libel case that snared BBC widens to affect Twitter users
      544 25 NYT [PARIS] The Internet, it is sometimes said, turns every citizen into a journalist. If that is the case, some Twitter users in Britain are discovering one of the downsides of the business. As many as 10,000 Twitter users reportedly
      NYT  -  544 words
    • Article
      Lock icon EU banks seek delay in Basel implementation
      436 25 They say similar US decision puts them at a disadvantage AFP [PARIS] European banks have asked EU Internal Market Commissioner Michel Barnier and other European Union (EU) leaders to postpone Basel III regulations aimed at strengthening the financial sector in view of a
      AFP  -  436 words
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      55 24 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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      28 25 ■J 4i I If An evening of ultimate relaxation awaits you at Spa Boutique Tune in to Kiss92 for your Girls' Night Out! Partner: ■^r Poised to Revive
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      129 25 THE ELECTRIC EDITION IT 1 i N LA. Be dazzled by young singers, dancers and musicians. Catch their dance styles ranging from ballet to hip-hop, classical music with a twist and the hottest hits and K-pop songs. And be captivated by rising homegrown YouTube stars and award-winning young pianists from
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  • EDITORIAL & OPINION
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      Lock icon SMEs must explore more options
      485 26 EDITORIAL RECENT surveys of small and medium enterprises (SMEs) have shown that cost pressures have become a cause for concern for many companies here, especially when it comes to manpower and rental costs. Moreover, these surveys also revealed that not all SMEs are resorting to
      485 words
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      Lock icon Time for the US to ignore bearers of bad fiscal tidings
      850 26  -  THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT THESE are difficult times for the deficit scolds who have dominated
      NYT  -  850 words
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      Lock icon Nato-like set-up in the region looks inevitable
      1367 26  -  Beijing sees Washington’s ‘rebalance’ of Asia-Pacific forces as a check on China influence By SAROSH BANA The writer is executive editor of Business India US President Obama was hard-pressed to play the pacifist at a rather fractious Asean summit in Cambodia, where discussions
      PHOTO: AP  -  1,367 words
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      Lock icon America’s emerging collective identity
      1387 27  -  A changing ethnic makeup will affect the electoral balance between Democrats and Republicans in years to come LEON HADAR Washington Correspondent ONE of the main debating points in Washington in the aftermath of the 2012 US election has revolved around “demographics”. Politicians and pundits have been
      PHOTO: AFP; PHOTO: AP  -  1,387 words
    • Article, Illustration
      Lock icon Bonds: know the goals, strategies
      885 27  -  By PAUL ARROWSMITH The writer is head of retail banking and wealth management at HSBC OF LATE, we have seen increasing customer interest in bonds as an asset class as well as an investment and risk diversification tool. A bond is a debt security in
      PHOTO: REUTERS  -  885 words
    • Article
      Lock icon No need for Olam to use foreign auditors
      316 27  -  LETTER TO THE EDITOR Ho Cheng Kwee I REFER to the “Hock Lock Siew” article by Ven Sreenivasan, “Olam should act smartly, rationally” (BT, Nov 26). I am taken aback by the suggestion that Olam (or indeed any Singaporelisted entity) should appoint
      316 words
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      103 27 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2858 28 Transaction date: Nov 26 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 140.5 unch 512 141.5 140
      2,858 words
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      Lock icon SGX CATALIST
      194 29 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 4.6 1.3 t Advanced System 1.7 unch 1030 1.7 1.6 1.6 1.7 25.3 Day Last Quote Div Gr Yld Net M Cap High
      194 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8440 29 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 1 7188/ f M local Ccy Bond 0 9622/
      8,440 words
    • Article
      Lock icon GLOBALQUOTE
      189 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 41.5 26 Genting HK US$ US32 +0.5 1193 32 31.5 31.5 32 2107 Sale 228 169 TanChongInt HK212 203 217 4.3 3.3 7.1 4269.5 STOCK PRICES
      189 words
    • Article
      Lock icon SGX ETF
      901 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 114.4 ABF SG Bond ETF 120 -2 3 120 118.5 119 120 547.8 128.9 120.4 CIMB APAC Div 100S$D 125 126.3 127.2 105.5 95.8 CIMB
      901 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      626 30 Nov 26 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9466.06 9487.94 9388.94 Dec12 9430.00 9495.00 9340.00 9380.00 ***** *****9 Mar13 9410.00 9470.00 9340.00 9365.00 20 2221 MSCI TAIWAN INDEX FUTURES SPOT 265.78 267.73 265.78 Nov12 264.70 268.20 264.50 267.30 ***** *****5 Dec12 264.10
      626 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr Nov 23 Index Change Change Change Change Change Change World Preliminary 912.5 0.7 10.0 0.6 3.7 0.9 10.1 EAFE Preliminary 743.0 0.5 8.9 0.6 2.6 0.9 8.8 Europe Preliminary 1121.2 0.6 9.2
      373 words
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      Lock icon SMX MARKET UPDATE
      94 30 As on 23 November 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1754.20 1728.90 1751.10 INDIA GOLD (E-GOLD) FUT DEC2012 582.70 576.00 580.70 CURRENCY EUR-USD FUT DEC2012 1.2961 1.2878 1.2973 BASE METAL COPPER FUT DEC2012 7729 7684 7775 INDEX IRON ORE (MBIO) IDX
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    • Article
      Lock icon CHICAGO BOT
      107 30 Nov 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 13 1418.75 1408.25 1427.00 1414.50 Mar 13 1403.00 1393.75 1411.25 1399.00 May 13 1382.75 1374.50 1389.50 1379.50 Jul 13 1376.25 1367.75 1382.00 1373.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 49.04
      107 words
    • Article
      Lock icon LIFFE
      79 30 Nov 23 COCOA (£/tonne) Close Prev High/Low Dec 12 1598 1576 1600/1576 Mar 13 1597 1573 1599/1572 May 13 1604 1580 1606/1579 Jul 13 1608 1584 1609/1584 COFFEE(US$/tonne) Close Prev High/Low Nov 12 1850 1862 1870/1859 Jan 13 1859 1873 1875/1853 Mar 13 1873 1887 1888/1867 May 13 1890
      79 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 30 CRUDE OIL PRODUCTS Nov 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.88 0.61 WTI (Near Mth) 88.28 1.08 Dubai (1-Mth F) 107.5 0.01 Tapis blend 115.42 -0.16 Minas 108.7 -0.16 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.83 -0.06 Jet Kerosene 126.25 -0.4 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 30 Nov 26 S$ Bid Offer 1-month 1.2225 1.2230 2-months 1.2225 1.2230 3-months 1.2225 1.2230 6-months 1.2225 1.2229 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      64 30 Nov 23 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1969.50 1925.75 3 months 1983.00 1944.50 Copper, Grade A(US$/tonne) Cash 7761.50 7698.25 3 months 7777.00 7715.00 Lead(US$/tonne) Cash 2196.25 2167.25 3 months 2196.00 2165.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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      Lock icon INTERBANK CROSS RATES
      470 30 Nov 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.037 6.507 0.806 8.100 58.178 100.334 0.858 11.344 3.191 1.269 100.455 42.853 1.278 9.266 0.971 30.416 32.065 0.653 1.045 Canada 0.964 6.273
      470 words
    • Article
      Lock icon SIBOR
      56 30 Nov 26 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates (S$) 1
      56 words
    • Article
      Lock icon PRECIOUS METALS
      137 30 Nov 26 GOLD(US$/oz) Nov 26 Nov 23 Hong Kong 1577.60 1740.50 Nov 23 Nov 22 London 1747.61 1730.83 1748.38 1731.87 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Nov 26 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 154 69 5gm 438 343
      137 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      80 30 Nov 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 28-Feb-13 0.25 6-Month BS*****T 30-May-13 0.27 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
      80 words
    • Article
      Lock icon PALM OIL
      57 30 Nov 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 12 2284.0 2267.0 2284.0 2240.0 574 4693 Jan 13 2383.0 2355.0 2392.0 2357.0 5034 ***** Feb 13 2411.0 2395.0 2438.0 2398.0 ***** ***** Mar 13 2453.0 2430.0
      57 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      947 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 500 6.25 18 Conv Ratio Best World Intl Ltd W*****5 0.5 1 30 97 31.00 8 BiosensoBPeCW*****2 14.6 -10.9 170 1 120 8 BiosensoMBeCW*****3 3.1
      947 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 30 Nov 26 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2774 1.2784 1.0449 1.0454 Canadian dollar 1.2316 1.2326 1.0080 1.0075 Euro 1.5848 1.5855 1.2964 1.2965 NZ dollar 1.0065 1.0074 0.8233 0.8238 Sterling pound 1.9576 1.9586 1.6013
      155 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 30 As at 9am Nov 26 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.308 1.246 Can dollar 1.26 1.2 Euro 1.622 1.545 Sterling pound 1.996 1.92 NZ dollar 1.04 0.982 US dollar 1.246 1.187 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 30 Nov 26 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ 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
      154 words
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  • ASEAN-INDIA : PROGRESS & PROSPERITY
    • Article, Illustration
      Lock icon Springboard for expanding economic ties
      1094 31  -  Concluding the services and investment chapters of the Asean-India FTA will enhance trade flows. By MALMINDERJIT SINGH AS the leaders of the 10 Asean states gather in New Delhi next month to commemorate the two decades of the regional grouping’s formal relations with India, it
      PHOTO: AFP  -  1,094 words
    • Article, Illustration
      Lock icon Towards a deeper economic partnership
      824 32  -  With the committed initiatives of Asean and Indian governments, new investment opportunities are opening up, saysCHANDRAJIT BANERJEE CHANDRAJIT BANERJEE The writer is director-general, Confederation of Indian Industry ASEAN has emerged as the fulcrum of economic growth in Asia and an economic force to reckon with.
      PHOTO: BLOOMBERG  -  824 words
    • Article, Illustration
      Lock icon Time for higher level Asean-India relations
      628 32  -  By SANCHITA BASU DAS The writer is a Fellow of the Institute of South East Asian Studies and lead researcher (Economic Affairs) at the Asean Studies Centre of Iseas THE Indian economy, the fourth largest in the world in terms of purchasing power parity
      PHOTO: AFP  -  628 words
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      Lock icon Political maturity driving India reforms
      1109 34  -  But given its history of policy reversals, only time will tell if govt has enough courage to sustain the decisions, says amitendu palit AMITENDU PALIT The writer is head (Partnerships Programmes) and Visiting Senior Research Fellow at the Institute of South Asian Studies FIVE major
      PHOTO: AFP  -  1,109 words
    • Article
      Lock icon The strategic importance behind India’s Look East policy
      629 34  -  By MALMINDERJIT SINGH WHEN then Indian prime minister Narasimha Rao launched the “Look East” policy in 1991, it was designed to help boost the country’s trade as it sought to shore up its foreign exchange reserves by courting the East Asian and
      629 words
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      Lock icon Infrastructure: India’s Achilles’ heel
      1536 36  -  The govt has laid out ambitious plans for this sector but more dynamism has to be displayed in implementation, writes ishraq ahmed writesISHRAQ ISHRAQ AHMED The writer is a research associate at the Institute of South Asian Studies DESPITE impressive growth over the last few years,
      PHOTO: REUTERS; Source: Eleventh Plan Mid-Term Appraisal  -  1,536 words
    • Article, Illustration
      Lock icon A Singapore success story in India
      1225 37  -  Gateway Distriparks management did not allow early challenges in their Mumbai foray to deter them, reportsMALMINDERJIT SINGH reportsMALMINDERJIT MALMINDERJIT SINGH SINGAPORE companies and entrepreneurs looking for business opportunities in India should not be deterred by what they see or hear about India, as the
      1,225 words
    • Article
      Lock icon Car rally to highlight potential of connectivity
      444 37  -  By LALDINKIMA SAILO The writer is a research associate at the Institute of South Asian Studies THE Asean-India car rally, which will be flagged off tomorrow in Singapore, celebrates the 20th anniversary of Asean-India relations and the 2004 car rally that started from
      444 words
    • Article, Illustration
      Lock icon S’pore the Asean hub for Indian businesses
      1223 38  -  State Bank of India CEO Anil Kishora cites the expertise and depth of financial markets available here. ByMALMINDERJIT SINGH ByMALMINDERJIT ByMALMINDERJIT SINGH SINGAPORE will remain a hub for Indian companies in South-east Asia as they seek to expand their presence in the region,
      1,223 words
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      104 31 is- Vv '-Vfr -’i Sko* or ost jw nRpBF *9H v\^V •rf«v -f r d y c* Discover new he Find what you seek Incredible India mssm ar asss s <-- TV 5S e b x-. -.$*a IfrOs WP**L'& icility for citizens of Sima S P s*»-: JR'S. <rr m
      104 words
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      66 32 Little Indio to Big Indio IndiGo India's coolest airline Flies daily and direct to Delhi and Mumbai. UUelcome abroad! The above timings are local departure timings. I !•/> 373 doily Flights x no nr lin n 59 VJVII IVIV/V.II I 33 destinations from inreRGLOBe 1 The UUalshe Group 7500R Beach
      66 words
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      322 33 singaporeair.com INDiA OVER 90 FLIGHTS WEEKLY TO 11 CITIES 4 'i V 1 'T V 1! u JVI x J! W w x-A, si i Opiljii 'St- V 3 «S Siam ■mmss* BciBBbs H m r.’t i*; n-w# I l» JfeX' <■ Mitt WC?r?v i-i 4? fc: -1 TT I’
      322 words
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      73 34 Celebrating Years Of Delivering Peace Of Mind A LEADING GENERAL INSURER IN SINGAPORE Motor Personal Accident Industrial Insurance Workmen’s Compensation Liability Insurance Insurance of Ships (Marine Hull) Transit of Goods (Marine Cargo) Property Insurance REST ASSURED WITH OUR INDIVIDUAL CORPORATE NON-LIFE INSURANCE POLICIES IIIDiA INTERNATIONAL INSURANCE PTE LTD 64 Cecil
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      636 35 Festive Promotions Up to 1.68% on 12-Mth SGD Term Deposits p.a. Making foreign currency payments around the world Lift your interest earnings with SBI Step-Up Term Deposits You can now take your interest earnings to the next level. Just open a Step-Up Term Deposit with SBI, and watch your interest
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      83 36 IK CHIN TRRVei Service (S) Pte. Ltd. TA178 asean v India PROGRESS PROSPERITY IK CHIN has collaborated with the India Tourism Board to specialise in travel packages to the Indian sub-continent, making it a top destination for our customers. i H:rrr, T syFffc’ fTTTftij *L- I NiV. 'T Vmi e
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      98 37 REGIONAL TIES WITH INDIA, STRENGTHENED IN 8 CHARMING WAYS. SilkAir fl ies to 8 destinations across India, now including Visakhapatnam. The Regional Wing of Singapore Airlines More journeys to treasure at silkair.com Chengdu Wuhan Chongqing Changsha Xiamen henzhen Kunming Kathmandu Wac r r 4? Hanoi Kolkata Chiang Mai Yangon Visakhapainam
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      273 38 "GIIS is all about opportunities academic or extracurricular. Combined with the encouragement from teachers, students have at their hands all they need to succeed." Ms Radhika Kannan University of California, Berkeley GIIS Queenstown Campus student from 2003-2011 (2012Testimonial) 4 GIIS' focus on providing a strong academic foundation and holistic development,
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      102 38 >5/ MMTC TRANSNATIONAL PTE LTD w "i Bullions 'V t y A- :*>. --V 5 Agri Metal fe Mineral We are among the top trading companies of Singapore with ‘Global Trader’ Status since year 2000. We deal in minerals, metals, agro-products, coals hydrocarbons, fertilisers chemicals, bullions, bulk commodities and others.
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      160 39 Tata Group of companies congratulates the India-ASEAN partnership on its 20th anniversary TATA Kalzip A Tata Steel Enterprise NatSteel A Tata Steel Enterprise TATA CAPITAL TATA COMMUNICATIONS TATA CONSULTANCY SERVICES TATA INTERNATIONAL TATA POWER TATA TECHNOLOGIES Transport Equipment ASEAN is one of the world's most dynamic and fast-growing business regions
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  • AVIATION/SHIPPING
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      Lock icon Qantas default risk falls on debt plans
      990 40 Contracts insuring against debt non-payment drop 87 basis points [SYDNEY] Qantas Airways Ltd’s plans to cut debt for the first time in five years with funds from a cancelled US$8.5 billion Boeing Co order have been welcomed by bondholders as its default risk
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      Lock icon Jet Air in talks to sell stake to Etihad
      601 40 Bloomberg [NEW DELHI] Jet Airways (India) Ltd is in talks to sell a stake to Etihad Airways, and SpiceJet Ltd is having similar discussions with AirAsia Bhd, a government official said, as India’s two largest listed carriers seek funds following a
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      Lock icon Iran to build more oil storage as sanctions bite
      338 40 Reuters [DUBAI] Iran will build millions of barrels of oil storage facilities in the Gulf over the next few months in response to international sanctions on its exports, Iran’s Press TV reported on Sunday. “By the middle of the next (Persian
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      Lock icon TRANSPORT STOCKS
      257 40 SGX '000 Nov 26 S$ +/-Vol CH Offshore 0.45 unch 55 Chuan Hup Hldg 0.25 0.01 280 Cosco Corp 0.91 -0.01 8511 Nov 26 s$ First Ship Lea 0.12 unch 233 Freight Links 0.06 unch 862 Grand Banks unch unch 0 Jaya Hold Ltd 0.54 0.01 808 K1Ventures
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      Lock icon Boskalis makes 682m euro bid for Dockwise
      333 40 Bloomberg [HONG KONG] Koninklijke Boskalis Westminster NV, the world’s biggest dredging company, offered 682 million euros (S$1.08 billion) in an unsolicited bid for Dockwise Ltd to add ships capable of pulling oil rigs. Boskalis is offering 17.20 euros a share for Dockwise, a
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      Lock icon The Business Times Shipping Times
      1948 41 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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      28 40 HOI m is LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG I FACEBODK.COM/HOTFMSG I J* HOTFMSG
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  • Page 40 Miscellaneous
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      335 40 CRYPTIC CROSSWORD Across 1 Kid getting into music roots out old footwear (4,5,5) 9 Gatsby recalled except via a name in books still? (8) 10 Fellow embraces company and wine (5) 12 Hairstyle making a comeback in Doctor Faustus (4) 13 Tip off, using good English, about arranged eviction (4,6)
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  • OSEA2012
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      Lock icon Refreshed, updated OSEA opens
      667 42  -  Asia’s biggest oil and gas industry event covers all the latest trends in the sector, reportsVINCENT WEE reportsVINCENT VINCENT WEE OSEA 2012, Asia’s biggest oil and gas industry event is back, starting from today at the Marina Bay Sands. The four-day biennial international conference and exhibition
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      Lock icon Driving progress through innovation
      1367 42  -  World’s leading rig builders Keppel, Sembcorp Marine invest in R&D to stay ahead By VINCENT WEE THE offshore oil and gas industry has been the main driver of Singapore’s shipbuilding and manufacturing industry for well over a decade. At the forefront of the industry has been
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      132 43 Safety. Technology. Execution Achieving excellence to meet the needs of our customers drives us to become the Provider of Choice in Offshore and Marine distinguished by our competitive and innovative solutions. Today, Keppel Offshore Marine is a global leader in offshore rig design, construction and repair, ship repair and conversion,
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      756 44 0 OSEA2012 The 19th International Oil Gas Industry Exhibition Conference SINCE 1 976 ENERGISING ASIA 27 30 November 2012 Marina Bay Sands, Singapore OSEA2012 QUICK FACTS Date: 27 30 November 201 2 Venue: Marina Bay Sands, Singapore Exhibition opening hours: 10.30am 6pm daily OPENS TODAY! Registration Pre-registered visitors: Level 1
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  • PROPERTY
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      Lock icon Vietnam property dreams crumble
      1200 45  -  Projects run out of funding as economy slows, reports NICK HEATH reportsNICK NICK HEATH Bloomberg [HANOI] FROM afar, the gleaming metal and glass edifices of Hanoi’s EVN Tower illustrate Vietnam’s rapid economic development. Up close, the rub-ble-strewn entrance and missing windows tell another story: one of
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      Lock icon Manila enjoys boom in real estate
      1149 46  -  Bonifacio Global City is a project in progress, but rents there are already catching up with Makati, reports ROSEMARIE FRANCISCO reportsROSEMARIE ROSEMARIE FRANCISCO Reuters [MANILA] anila’s changing skyline demonstrates a city coming up in the world. The capital of the Philippines is in the
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      Lock icon Seletar Hills EC set to open for e-application
      329 46 THE Topiary, a 700-unit executive condominium (EC) development along Fernvale Lane, at Seletar Hills, will be open for e-ap-plication come Friday. While official prices have yet to be disclosed, consultants project that the development, which has a mix of two-bed-room, three-bedroom, du-al-key,
      329 words
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      Lock icon SCA Property up 2.9% on first day of trading
      493 46 Bloomberg [SYDNEY] SCA Property Group, the A$1.4 billion (S$1.8 billion) shopping centre trust spun off by Australia’s biggest retailer, jumped 2.9 per cent on its first day of trading. Shares of the Sydney-based company, which raised A$472 million through a placement
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      Lock icon Home equity lines of credit make comeback in US
      921 46 Bloomberg [BOSTON] Home equity lines of credit that fuelled a spending spree during the US property boom are back. After six years of declines, lending for so-called Helocs will rise 30 per cent to US$79.6 billion in 2012, the highest level
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      136 45 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction? 111 1 l£l Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR FREE IMPARTIAL ADVICE TO REVIEW ALL OF YOUR OPTIONS. Web www.smats.net
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      249 45 KnightFrank.com.sg Large Site at Kovan Area for Lease Sale Large and regularly shaped site Site area approx 81,000 sq ft 103-year leasehold Residential, GPR 1.4 Existing premises for educational use Near Serangoon Kovan MRT stations Proximity to amenities such as Serangoon Stadium, Nex Shopping Mall Heartland Mall Please contact Investment
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      261 45 KnightFrank.com. sg Good Class Bungalow Holland Rise GCB Area Land area approx 27,000 sf, Freehold Elevated ground exclusive Potential to acquire adjacent sites Near Holland Village MRT station Expression of Interest Closing: 12 Dec 2012 (Wed) 3pm Mixed-use Redevelopment Site Balestier Road Thomson Rd MRT Novena Subject Site Balestier Rd
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