The Business Times, 12 November 2013

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL32874
Total Pages: 28
1 28 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, November 12, 2013
    25 words
  • Article, Illustration
    Lock icon Closer scrutiny of Reits, trusts IPOs if rates rise
    816 1  -  But market players see current window for more of such deals in upcoming IPO pipeline By ANDREA SOH sandrea@sph.com.sg [SINGAPORE] Real estate and business trust offerings may be a harder sell in the coming months, as the market shifts towards expectations
    BT Graphics; Source: Dealogic  -  816 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,186.72 (+9.47) GST INDEX FUTURES 3,186.00 (+10.00) GSIMSCI 367.58 (+0.47) GSIMSCI FUTURES 367.50 (+0.50) US$ S$ US$ (S$ per US$) 1.248 (US$/S$ per 1.601 1.998 EURO (US$/S$/€ 1.337 1.669 Foreign currency per US$ S$ YEN 99.00 79.30 RM 3.201 2.564 HK$ 7.752 6.211 BAHT 31.68 25.38 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Monday Change KL COMP 1,804.21 -0.27 NIKKEI 225 14,269.84 +183.04 HANG SENG 23,069.85 +325.46 SET INDEX 1,405.91 +0.88 JAKARTA COMP 4,441.72 -35.00 MANILA COMP 6,265.23 -89.95 SEOUL COMP 1,977.30 -7.57 SHENZHEN B 821.98 +0.08 MUMBAI IND 20,490.96 -175.19 11am EST Change DOW 15,787.01 +25.23 NASDAQ 3,913.34 -5.90
      48 words
    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE 5.38 MALAYSIA HONG KONG HONG KONG 5.00 TAIWAN 14.497 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 INDIA 0.50 Source: Bloomberg
      22 words
  • Article
    Lock icon SMEs stranded as rail sub-contractor goes bust
    665 1  -  $2m cheques issued by Samdaiyang Development to local firms bounce By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] Just months after a Downtown line main contractor went bust, a sub-contractor working on another part of the rail network has also become insolvent. This has left a
    665 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      462 1 CURRENCY WARS Central banks could spark new outbreak PAGE 18 LAW WongPartnership ties up with M’sian firm HOCK LOCK SIEW Big ships may not cure NOL’s woes PAGE 7 CORPORATE RESULTS Sembcorp Q3 profit up 40.4% PAGE 6 PAGE 4 Bollywood anywhere, anytime SME Inc IPAGE 12 8"*****1"3D0004 Every week,
      462 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      10 1 En bloc sale for The Arcade soon? PROPERTY IPAGE 28
      10 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      305 2 Closer scrutiny of trust IPOs if rates rise REAL estate and business trust offerings may be a harder sell in the coming months, as market expectations shift towards higher interest rates. FRONT PAGE SMEs stranded as contractor goes bust JUST months after Alpine Bau filed for insolvency, Samdaiyang
      305 words
    • Article, Illustration
      Lock icon Local firms’ cashflow improves in Q3
      497 2  -  Better economic outlook leads to speedier payments, says credit bureau By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] Cashflow of local firms has taken a turn for the better in the third quarter after two quarters of moderate declines since Q4 2012. Prompt payments, in particular,
      Source: Singapore Commercial Credit Bureau  -  497 words
    • Article
      Lock icon Business confidence takes a hit: survey
      517 2  -  By KELLY TAY By kellytay@sph.com.sg [SINGAPORE] With rising cost pressures and a tightening labour market, business confidence fell in Singapore over the third quarter of this year. According to findings from the Global Economic Conditions Survey (GECS) conducted by the Association of Chartered Certified
      517 words
    • Article
      Lock icon Telcos may need 2 sets of network equipment
      540 4  -  Housed at different locations, each will serve as back-up to the other: Yaacob YESTERDAY IN PARLIAMENT By leeuwen@sph.com.sg LEE U-WEN |eeuwen@sph.com.sg [SINGAPORE] The government is considering having telcos here maintain at least two sets of network equipment housed at different locations so
      540 words
    • Article
      Lock icon Govt accepts fare review report in full
      565 4  -  Next task is for PTC to apply the new formula for the 2014 fare review By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] The government yesterday accepted in full the recommendations by the Fare Review Mechanism Committee (FRMC), which include a new fare formula, the fare
      565 words
    • Article, Illustration
      Lock icon OCBC inks Sports Hub sponsorship deal worth $50m
      613 4  -  By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] After a courtship that lasted two full years, the Singapore Sports Hub and OCBC yesterday celebrated their union as the local bank inked the biggest sponsorship deal in its history. The 15-year contract, worth over $50 million,
      613 words
    • Article
      Lock icon UOB sells $500m Basel III compliant perpetual bonds
      587 4  -  By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] United Overseas Bank yesterday sold $500 million of perpetual bonds that will be Basel III compliant, with the loss-ab-sorbing feature, amid robust demand the first local bank to sell two tranches of bonds under the stricter
      587 words
    • Article, Illustration
      Lock icon WongPartnership ties up with Malaysian firm
      891 4  -  By michquah@sph.com.sg MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] Big Four local law firm WongPartnership (WongP) has tied up with Malaysian boutique corporate law practice Foong Partners (FoongP), building on a decades-long informal working relationship to capitalise on business opportunities across the Causeway. The firms have termed
      891 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      193 2 LONDON PROPERTY OWNERS FREE INVESTOR SEMINAR M u Join us to view exciting properties on display! Studios apartments in Zone 2 3 from £215,000 RARE OPPORTUNITY! FREEHOLD Terraces in Zone 2 from £950,000 f Ian Chen Marc Von Grundherr Anita Mehra CEO, Jalin Group Director of MDof Of Companies Benham&
      193 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      121 2 Explore the leader inside you The Lancaster Global MBA COURSE PREVIEW with Prof Jonathan Matheny Fully taught by Lancaster Faculty from UK Convenient modular format, allowing you to enhance your career while keeping your job Scholarships available Classes are conveniently located at SAA-GE TripleOne Somerset DATE 15 November 2013 (Friday)
      121 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      137 3 NARDIN Le Locle Suisse s vVV is '%c H v% 43f n VVw An Ik O s< M ;i *4^v I T A r 'V s :s m u nr f T u I M o *p p r/ p* L >, s I f F 1 s <K \sN>v
      137 words
Page thumbnail Page 4
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      184 5 .as i. r—--J :-==n:r.. eagd -=5* I iirjsr;-- -t r ~I7 S'— v <.1 i. 3rr! C.rCLm '--i y\ r« -it i i.Sl--J.S i O I h ‘tvyJ 2 2S *0 THE NEW LEXUS ES. THE ESSENCE OF LUXURY IS HERE. INTRODUCING THE NEW ES 250 AND ES HYBRID The
      184 words
Page thumbnail Page 6
  • COMPANY NEWS
    • Article
      Lock icon Sembcorp Q3 earnings surge 40% to $254.4m
      340 6  -  Substantial gains relating to Salalah IPO underpin results By MALMINDERJIT SINGH msingh@sph.com.sg BACKED by substantial gains relating to the initial public offering of its Salalah company in Oman, Sembcorp Industries posted a 40.4 per cent surge in third-quarter net profit to $254.4 million,
      340 words
    • Article, Illustration
      Lock icon Super Group Q3 profit down 17%
      372 6  -  By JACQUELYN CHEOK jaccheok@sph.com.sg SUPER Group posted a 17 per cent fall in third-quar-ter net profit to $18.7 million, from $22.6 million a year ago. The drop in earnings attributable to equity-holders was despite a 2 per cent rise in revenue to $133 million
      LIANHE ZAOBAO FILE PHOTO  -  372 words
    • Article
      Lock icon Centurion posts 30% increase in Q3 net income
      280 6  -  By MICHELLE QUAH michquah@sph.com.sg CENTURION Corporation, which owns, develops and manages workers accommodation assets, yesterday reported a significantly firmer third-quarter bottom line than the year before, despite a slip in overall revenue. Its net profit attributable to shareholders climbed 30 per cent
      280 words
    • Article
      Lock icon Vicom’s Q3 profit up 6.1% at $6.78m
      323 6  -  By SAMUEL EE samuelee@sph.com.sg VICOM’S net profit for the third quarter ended Sept 30, 2013, rose 6.1 per cent to $6.78 million, with revenue rising 6.9 per cent to $26.09 million as business volume grew. Operating expenses in Q3 rose 7.4 per cent
      323 words
    • Article
      Lock icon QAF Q3 net down 11% on lower pork margins
      331 6  -  By CAI HAOXIANG haoxiang@sph.com.sg WEAKER margins for an Australian pork producing subsidiary caused net profit at QAF Limited to slide 11 per cent to $3.8 million for its third quarter ended Sept 30 from $4.3 million a year ago. But all
      331 words
    • Article
      Lock icon Cost overruns and disposal loss drag Yongnam into the red in Q3
      351 7  -  By feldac@sph.com.sg FELDA CHAY fe|dac@sph.com.sg DESPITE a jump in revenue, construction group Yongnam Holdings reported a net loss of $3.4 million in its third quarter, compared with a net profit of $10.3 million a year ago. Yongnam attributed
      351 words
    • Article
      Lock icon Big ships may not end NOL’s woes
      995 7  -  HOCK LOCK SIEW By LISA LEE lisalcc@sph.com.sg SHIPPING and logistics group Neptune Orient Lines’ (NOL) weak thirdquarter and nine-month showing was hardly a big surprise to investors as liner freight rates were already falling in the face of continued global industry oversupply. Yet
      995 words
    • Article
      Lock icon Sim Lian Q1 profit down 26% at $27.7m
      256 7  -  By FELDA CHAY By feldac@sph.com.sg A DROP in revenue from its property development unit led Sim Lian Group to a 26 per cent fall in first quarter net profit to $27.7 million from $37.2 million a year ago. The property and construction
      256 words
    • Article, Illustration
      Lock icon Constructive dissent ‘can make board more effective’
      426 9  -  SIAS conference panel also weighs in on search for suitable candidates By JASMINE NG jasng@sph.com.sg CONFLICT in the form of constructive dissent among members of a board can improve its overall effectiveness, panellists at a forum agreed yesterday. Speaking at a conference of
      426 words
    • Article
      Lock icon Development loss weighs on Wheelock’s Q3
      320 9  -  By KENNETH LIM kenlim@sph.com.sg WHEELOCK Properties (Singapore) posted another quarter of lower profits as sales and construction progress contributed less turnover. The property developer said yesterday that net profit fell 63.4 per cent year-on-year for the third quarter ended Sept 30 to $11.9 million,
      320 words
    • COMPANY BRIEFS
      • Article
        Lock icon Pan Hong Q2 earnings more than treble
        83 9 PAN HONG Property Group’s second quarter profit more than trebled to RMB13.2 million (S$2.7 million) on the back of higher revenue and other income and gains. Earnings per share were 2.57 RMB cents, compared with 0.69 RMB cent last year. Revenue for the
        83 words
      • Article
        Lock icon Goodpack reports 7.2% rise in Q1 profit
        66 9 GOODPACK Ltd’s first quarter profit rose 7.2 per cent to US$13.9 million. Earnings per share for the period ended Sept 30 were 2.48 US cents, down from 2.61 US cents a year ago, as its share base widened. Revenue increased 7.7 per cent
        66 words
      • Article
        Lock icon Silverlake Axis Q1 profit up 29%
        61 9 SILVERLAKE Axis Ltd’s first quarter profit rose 29 per cent to RM51.1 million (S$20 million) on the back of higher revenue and higher contribution from other income. Earnings per share were 2.28 sen compared with 1.88 sen last year, while revenue for the quarter
        61 words
      • Article
        Lock icon Fortune Reit’s Q3 DPU edges up 1.5%
        87 9 FORTUNE Real Estate Investment Trust’s distribution per unit for the third quarter inched up 1.5 per cent to 8.28 HK cents from 8.16 HK cents last year, as revenue and net property income grew. Income available for distribution was HK$153.3 million (S$24.6 million)
        87 words
      • Article
        Lock icon Full Apex posts 59% Q3 profit drop
        64 9 FULL APEX reported a 59.6 per cent drop in third quarter net profit to 7.1 million yuan (S$1.5 million), despite a 14.5 per cent rise in revenue to 685.5 million yuan. This was due to higher selling and distribution and finance costs. Earnings
        64 words
      • Article
        Lock icon Rex Int’l added to MSCI small-cap index
        49 9 CATALIST-listed Rex International has been selected for inclusion in the MSCI Singapore Small-Cap Index. It will join this index after the market close on Nov 26. The group said yesterday that it is among 13 companies to be added to the index.
        49 words
      • Article
        Lock icon Del Monte spared the worst of Haiyan
        89 9 DEL MONTE Pacific yesterday said only the sales distributor of its unit Del Monte Philippines Inc (DMPI) in Tacloban City has been hit by super typhoon Haiyan, based on initial reports. As a precautionary measure, DMPI stopped its Mindanao operations last Friday, but
        89 words
      • Article
        Lock icon Q&M Dental Q3 profit soars 53% to $1.5m
        73 9 Q&M Dental Group’s third quarter net profit surged 53 per cent to $1.5 million from $983,000 a year ago, as revenue grew from its existing dental outlets and contributions from new dental and medical outlets in Singapore and Malaysia. Earnings per share
        73 words
    • Article
      Lock icon Metro’s Q2 profit up 54% at $30.56m
      335 9  -  By NISHA RAMCHANDANI By nishar@sph.com.sg RETAIL and property group Metro Holdings has reported a net profit of $30.56 million for the second quarter ended Sept 30, 2013, up some 54 per cent year on year. This is partly due to a $29.55 million
      335 words
    • Article
      Lock icon Higher costs weigh on UEL’s Q2 earnings
      393 9  -  By LEE MEIXIAN leemx@sph.com.sg UNITED Envirotech (UEL) posted a 11.7 per cent decline in its net profit to $7.1 million for its second quarter ended Sept 30, 2013. The profit attributable to equity-holders translated to earnings per share of 1.2 cents for the
      393 words
    • Article, Illustration
      Lock icon Upholding, advancing good standards
      446 9 SIAS CORPORATE GOVERNANCE WEEK THE Securities Investors Association (Singapore), or SIAS, is holding the 4th Singapore Corporate Governance Week (CG Week) from Nov 8 to 15. Organised by SIAS, CG Week has received endorsement and support from the Accounting and Corporate Regulatory Authority and the Singapore
      446 words
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      62 6 NOVEMBER ISSUE OUT NOW! T RA-PHONE HW#T5 REVIEWED Smartphones versus Digital Camera: WHO WINS? BUILD YOUR OWN GAMING PC TOP 15 TECHNOLOGES AND MORE! IN THIS ISSUE TOP TECH IN THE LAST 15 YEARS IPHONE 5S REVIEWED GAMING NOTEBOOKS COMPARED Red Monster Gangnam Power i8,000mAh portable charger worth $199.90 with
      62 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      36 6 ASIA'S LEADING LUXURY YACHTING MAGAZINE 4 X m O A SUBSIDIARY OF SPH MAGAZINES PTE LTD Bill Inc Media (HK) Ltd. Tel: 852 2165 2800 Fax: 852 2868 1799 www.bluincmedia.com Enquiry: queries@bluincmedia.com Subscribe at sub@bluincmedia.com www.asia-pacificboating.com
      36 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 3
      2 6 1 2
      2 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 4
      47 6 Swichiv\<$ A^;v\ds ACADEMY 2014 Participate in the NO. 1 CHILDREN'S EDUCATION SHOW! Suntec Singapore 6-8 June 2014 111 am 9pm BOOK NOW! Limited Booths available! I: For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foo 9008 9391 jefffoo@sph.com.sg www.thekidzacademy.com.sg Organised by: sphere
      47 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      403 7 In a world full of risk, how much more of it should you take? In the aftermath of the debt default crisis, what role should risk play in your portfolio? Get our experts' opinion. Don't miss this month's Substance interview. Go to ubs.com/substance or call +65 *****772 H mES We
      403 words
    • Advertisement
      Lock icon Page 7 Advertisements Column 2
      164 7 assr 9 z rt 8«Sfe amV, n Marina Bay Financial Centre Six Battery Ri Suntec Tower 3 PSA Building THE WORLD’S FINEST SERVICED VIRTUAL OFFICES Variety of offices to cater to your every need Prestigious address, dedicated receptionist secretarial support, 5 star meeting rooms boardrooms Experience world leading IT and
      164 words
Page thumbnail Page 8
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI up in dull trading session
      616 8  -  Rise in line with HK but weak Europe caps gain; SingHaiyi leads penny stock play STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE local stock market yesterday underwent one of its most boring and featureless sessions in recent memory. The Veteran’s Day holiday in the
      Source: Bloomberg  -  616 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 Nov 11 VALUE CLOSE BT OB/OS -205.00 +179.00 BT CADI -*****.00 -31.00 BT 10-day MA -*****.00 -21.00 FTSE ST Mid Cap 737.94 -3.46 FTSE ST Small Cap 539.33 -0.37 FTSE ST All Share 774.53 +1.09 FTSE ST China Top 201.59 +0.24 FTSE ST China 229.52 +1.00 FTSE
      73 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 5 0 0 0 5 5 5 Manufacturing 47 52 40 5 8 8 52 60 48 Commerce 20 15 25 2 8 1 22 23 26 Tpt/Stor/Comms 17 17 7
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      952 8  -  Compiled by CAI HAOXIANG Saizen Reit Nov 11 close: S$0.92 AmFraser Securities, Nov 11 FOR the quarter ending September 2013, Saizen reported a 6.2 per cent and 5.3 per cent y-o-y increase in its gross revenue and net property income, respectively. This was supported by the acquisitions of
      Source: Bloomberg  -  952 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 44,625 44,625 53,883 53,883 Manufacturing 231,466 61,121 292,587 102,131 1,623 103,754 Commerce 366,736 118,124 484,860 77,092 8,485 85,577 Tpt/Stor/Comms 72,772 17,431 90,203 103,512 2,581 106,092 Finance 79,093 88 79,181 85,543 33 85,576 Construction 33,863 86,426
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 8 Stock name Close Change CapMallsAsia 2.000 -0.020 CapitaLand 3.040 -0.020 CapitaMall 1.995 -0.005 CityDev 10.07 ComfortDelGro 1.900 +0.010 DBS Grp 16.94 +0.060 GLP 2.980 -0.020 Genting SP 1.430 -0.030 Golden Agri 0.565 -0.010 HK Land 6.200 +0.040 HPH Trust US$ 0.715 -0.005 JMH 52.65 +0.240 JSH
      115 words
    • Article, Illustration
      Lock icon Rupee, rupiah lead falls in Asian forex
      526 8 CURRENCIES Reuters [SINGAPORE] India’s rupee and Indonesia’s rupiah led declines among emerging Asian currencies yesterday as strong US jobs data boosted fears that the Federal Reserve may soon start cutting its stimulus, prompting outflows from the region. The rupee hit a near two-month
      Reuters; PHOTO: AFP  -  526 words
    • Article
      Lock icon RISES
      109 8 BY CENTS CLOSE UP Jardine C&C 3616 51.0 1.4 DBXT MSMSIA 10US$ 1503 33.7 1.8 JMH 5265 30.0 0.5 DBXT MSCHINA 10US$ 1237 21.2 1.4 JSH 3269 18.7 0.5 Hyflux 6% CPS 10 ***** 15.0 0.1 DairyFarm 1064 13.7 1.0 OSIM 232 8.0 3.6 Keppel Corp 1098 7.0 0.6
      109 words
    • Article
      Lock icon FALLS
      125 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -360.7 -2.3 Lyxor MS India 10US$ 1255 -78.6 -4.8 DBXT MSTHAI 10US$ 1976 -67.4 -2.7 Lyxor LatinAmerica 1 663 -36.2 -4.2 DBXT MSINDO 10us$ 1273 -27.5 -1.7 DBXT S&P Short 10US$ 2729 -26.2 -0.8 DBXT iBoxxIDR 10US$ 972 -22.5 -1.8 IS MS
      125 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      54 8 VOLUME Sunmoon 205,935,000 SingHaiyi 86,202,000 Innopac 66,287,000 Figtree 51,155,000 Vallianz Hldgs 48,247,000 Digiland 41,792,000 Blumont 37,596,000 Acma Ltd 35,454,000 Rowsley W*****3 34,530,000 YHM 29,836,000 VALUE($) SingTel 48,776,280 CapitaLand 41,258,490 Genting SP 36,194,230 DBS Grp 32,978,153 Keppel Corp 28,752,340 Wilmar 24,984,605 JMH 24,822,687 Ascendasreit 22,045,110 Noble Grp 21,310,160
      54 words
Page thumbnail Page 9
Page thumbnail Page 10
  • SINGAPORE NEWS
    • Article
      Lock icon Neste Oil braces for renewable fuel blow in US
      412 10  -  CEO says EPA plan many hit growth of biomass-based diesel next year By RONNIE LIM ronnielim@sph.com.sg NESTE Oil’s worldscale biodiesel plant in Singapore is now the Finnish refiner’s biggest biodiesel supplier to the United States market, latest US energy data showed.
      412 words
    • Article, Illustration
      Lock icon Bayan founder wins defamation suit against Sukamto Sia
      704 10  -  By GRACE LEONG gleong@sph.com.sg INDONESIAN billionaire Low Tuck Kwong has won his defamation suit against Singapore businessman Sukamto Sia after the Court of Appeal found Mr Sia knowingly made false statements to regulators and others that Mr Low had allegedly reneged on
      FILE PHOTOS  -  704 words
    • Article
      Lock icon Look beyond Iskandar, says WongP’s new M’sian partner
      613 10  -  Foong Partners sees vast untapped potential in Kota Kinabalu By MICHELLE QUAH michquah@sph.com.sg SINGAPORE Big Four law firm WongPartnership’s decision to tie up with Malaysian boutique corporate law practice Foong Partners comes as both firms recognise the vast and as yet untapped
      613 words
    • Article
      Lock icon Pay rise of bank risk officers in HK, S’pore doubles NY, London
      952 10 Bloomberg SALARIES for banks’ risk and compliance officers in Singapore and Hong Kong rose at about twice the pace of pay for similar positions at New York and London firms amid a shortage of skilled staff members, a
      Bloomberg  -  952 words
    • Article
      Lock icon Temasek-led group buys stake in Yashili
      571 10 HK milk-powder maker shares soar after US$213m deal Reuters [HONG KONG] A group of investors led by Singapore’s Temasek Holdings bought a US$213 million stake in Yashili International Holdings, sending shares of the milk-powder producer soaring after its parent sold down stock to meet
      Reuters  -  571 words
    • Article
      Lock icon Maybank customers can pay small bills via cellphone
      314 10  -  By AMIT ROY CHOUDHURY By amit@sph.com.sg MAYBANK Singapore’s online banking customers will now be able to send money directly to other Singapore-registered cellphone numbers. The recipients of these funds can then collect the money from their Singapore bank accounts. Through this service
      314 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      183 11 Read On. Move On. Get news on the move with The Straits Times All-in-One PLUS EXCLUSIVELY FOR NEW SUBSCRIBERS Your Straits Times All-in-One PLUS includes the Microsoft Surface RT In addition to reading your Print edition, you can access The Straits Times on your favourite iPad, iPhone and Android mobile
      183 words
Page thumbnail Page 12
  • SME Inc
    • Article, Illustration
      Lock icon Bollywood anywhere, anytime
      1020 12  -  Video streaming provider Spuul puts customers front and centre to stay ahead of the competition. BY JASLENE PANG ON board any MRT train, heads are typically bowed, and eyes are trained on handphones or tablets. Technology seems to be everywhere already, but Subin Subaiah, a co-founder of
      1,020 words
    • Article, Illustration
      Lock icon Quandaries of short-selling by NRFs
      1215 13  -  Issues of unethical conflict of interest, market abuse can arise THE VIEW FROM NTU PROFESSORS By TAN LAY HONG TAN CHONG HUAT Associate professor Tan Lay Hong teaches company law at Nanyang Business School and Tan Chong Huat is managing partner ofRHTLaw TaylorWessing. They are
      PHOTO: REUTERS  -  1,215 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      115 12 The office you need, where you need it mini I I III llll HU I Itilill ILL1J Whatever kind of office space you want, you’ll only ever pay for what you use nothing more. If you need an office all of the time, or part time, we can help. If
      115 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 2
      87 12 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
      87 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 3
      53 12 HOT PROPERTY ri^?p/ >SF! Gemini c*Z AN 68 0P Grd glass.T195 1701 9 sf. 99®^r s U 2I64sf ST D, rn w °0DLAN0S Pioneer June 947/ 1894s/ rS FACTORY SPACE FOR SALE Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT* SELL
      53 words
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      119 13 cs Citibank Commercial Cards Your business card. Recognition Backed by a global bank, accepted everywhere. Savings Cash rebates, savings and rewards. Control Greater efficiency in expense management. Cltl PORATE bed mn m mj u 58 D VISA BUSINESS Cltl sis >») qpqm Miff? ifeTl® E|EE &iT* VISA PURCHASING Cltl HU
      119 words
Page thumbnail Page 14
  • MALAYSIA/INDONESIA
    • Article
      Lock icon Astro shares stuck below IPO price
      501 14  -  Future earnings may be hit as more M’sians turn to Net for entertainment By PAULINE NG in Kuala Lumpur INCREASING subscription prices have not pleased subscribers of pay-TV operator Astro, or investors. Astro’s shares continue to languish at below their initial public offering (IPO)
      501 words
    • Article
      Lock icon Dialog stays on upward trend over oilfield news
      482 14  -  It starts production at marginal block off Sarawak shores By S JAYASANKARAN in Kuala Lumpur SHARES of Malaysian oil and gas firm Dialog Group have inched up 0.2 per cent to RM2.97 on news that it, together with joint venture partners Petronas
      482 words
    • Article, Illustration
      Lock icon Major Indonesian banks sufficiently buffered: Fitch
      481 14 They can withstand a high degree of asset-quality stress Reuters [JAKARTA] Fitch Ratings believes Indonesia’s major banks are able to withstand a reasonably high degree of asset-quality stress, largely due to their strong standalone loss-absorption cushions and in some cases, likely support from high-ly-rated
      Reuters; PHOTO: BLOOMBERG  -  481 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      8 14 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices
      8 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 2
      306 14 TENDER NOTICE Land Bank of Taiwan, Singapore Branch Land Bank of Taiwan, Singapore Branch invites tenders from Certified Companies for Independent assessment for Singapore Branch’s IT System Outsourcing to the Head Office in Taiwan. Eligibility: Tenderers must be qualified CPA Firm. Project Location: Taiwan. Collection of Tenders’ Work of scope:
      306 words
Page thumbnail Page 15
  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Shanghai gold vault opens with capacity for 2,000 tonnes
      650 15 Owner Malca-Amit Global seeks to benefit from rising demand in China Bloomberg [BEIJING] A gold vault that can store 2,000 tonnes, double China’s projected consumption this year, opened in Shanghai this month as owner Malca-Amit Global Ltd seeks to benefit from
      Bloomberg; PHOTO: BLOOMBERG  -  650 words
    • Article
      Lock icon Private sector can own 15% of China state firms
      411 15 Reuters [SHANGHAI] China will allow private investors to buy up to 15 per cent stakes in state-owned enterprises (SOEs), the official China Daily reported, as Beijing moves to leverage private funds to avoid having to bail out heavily indebted state owned
      Reuters  -  411 words
    • Article
      Lock icon India mulling over Euroclear Bank’s settlement platform
      573 15 Bloomberg Reu ters [NEW DELHI] India is considering membership of the world’s biggest bond settlement system to woo investment in sovereign debt, two government officials with direct knowledge of the matter said. The Finance Ministry, the Reserve Bank of India and the Securities
      Bloomberg; Reuters  -  573 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      29 15 www.omy.sg s I v 1511/ Sfe slmj) I s^lP 1 t H aa aDj 130 mm .vma:w!niiii w Download omy Apps 0ft:0 a 0f omy News iOSAppStore Google Play
      29 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      43 15 ®%8IS Smart Learning for the Future of Asia Enriching through holistic education For those Who Engage Minds and Enrich Lives 20-22 November 2013 Singapore EXPO Hall 2 10am 6pm Pre-register online now at www.aex.com.sg. Q Join Usatwww.facebook.com/AsiaEducationExpo Organised by: sphere Held in: SINGAPORE
      43 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 3
      87 15 CM n ooyaoooar> Hotel Solutions, Food Beverage and Travel Trade Show 17-19 February 2014 Myanmar Convention Centre,Yangon www.mhft.sphereconferences.com The rising; Igjj 0 a.ss/A iei VI i 0 a C— 2¥tr 4 "»j ITIma? EBB The most comprehensive showcase of hotel and F&B solutions, technologies and innovations in Myanmar BE PART
      87 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 4
      80 15 HWM GADGETS Fresh Gear, Great Deals! MlnJlVI GADGETS WOUI.IUUIOUU > Stay up-to-date on the latest launches in town Enjoy special promotions from brands and retailers Download HWM GADGETS on your iPad for free and stand a chance to win AC Ryan media players worth up to $259! With AC Ryan's
      80 words
Page thumbnail Page 16
  • WORLD
    • Article, Illustration
      Lock icon US budget deal has to overcome many hurdles
      378 16 Democrats want to scrap several tax breaks which Republicans oppose Bloomberg [WASHINGTON] Executive stock options, corporate jets and the tax break enjoyed by hedge fund managers are among the targets for Democratic lawmakers seeking to negotiate a budget deal by next month.
      Bloomberg; PHOTO: REUTERS  -  378 words
    • Article, Illustration
      Lock icon Deutsche Telekom to buy GTS for 546m euros
      446 16 Deal to give German telco landline grids in four central European countries Bloomberg [LONDON] Deutsche Telekom AG agreed to buy GTS Central Europe for 546 million euros (S$1.2 billion), adding landline networks in countries where the German phone company’s services are predominantly
      Bloomberg; PHOTO: REUTERS  -  446 words
    • BRIEFING
      • Article
        Lock icon Faster surge in smartphone use seen
        118 16 Reuters [STOCKHOLM] Subscriptions for smartphones globally will rise faster than previously thought, almost tripling by 2019 and forcing operators to roll out high-speed networks to cope with surging data traffic, Ericsson said yesterday. The world’s top mobile network equipment maker said it expected 5.6
        Reuters  -  118 words
      • Article
        Lock icon Climate talks open in aftermath of typhoon
        163 16 AFP [WARSAW] Nations launched a new round of talks yesterday for a 2015 deal to cut Earth-warming greenhouse gas emissions in the aftermath of a deadly Philippines typhoon the UN’s climate chief labelled “sobering”. The 12-day United Nations talks opened amid a slew
        AFP  -  163 words
      • Article
        Lock icon Cambodia has sovereignty, rules ICJ
        152 16 AP [THE HAGUE, Netherlands] The United Nations’ highest court ruled yesterday that Cambodia has sovereignty over a disputed promontory around a 1,000-year-old temple, in the latest attempt to settle a long-simmering border dispute between Cambodia and Thailand. In a unanimous decision, the International Court of
        AP  -  152 words
    • Article, Illustration
      Lock icon Twitter IPO gives NYSE a tech boost
      873 17 It could help bourse become the No 1 US listing venue for technology firms Reuters [NEW YORK] Twitter Inc’s successful debut on the New York Stock Exchange could help the Big Board win a title it has never held before: the No 1
      Reuters; PHOTO: BLOOMBERG  -  873 words
    • Article
      Lock icon Facebook set to move into Twitter turf
      630 17 New tool to let fans chat with celebrities in 140 characters Bloomberg [SAN FRANCISCO] Katy Perry, Justin Bieber and Lady Gaga are the most followed celebrities on Twitter, yet the pop stars have even more “likes” on Facebook. Now, the world’s biggest social
      Bloomberg  -  630 words
    • Article
      Lock icon German parties reach deal on banking union: sources
      614 17 Reuters [BERLIN] Angela Merkel’s conservatives and the Social Democrats (SPD) have struck a deal on the contours of a European banking union under which a body attached to European finance ministers, not the European Commission, would decide when to close failing banks.
      Reuters  -  614 words
    • Article, Illustration
      Lock icon US retailers brace for shortened holiday
      644 17 A late Thanksgiving cuts six days off gift-buying season Reuters [NEW YORK] US retailers have little room for error in the fast-approaching and shortened holiday shopping season, a period that typically generates 30 per cent of annual sales. A late Thanksgiving the unofficial kickoff
      Reuters; PHOTO: REUTERS  -  644 words
    • Article
      Lock icon Japan’s current account surplus at 5-month high
      227 17 [TOKYO] Japan’s current account surplus unexpectedly expanded in September to the widest since April as a weaker yen boosted the value of overseas investment income. The surplus rose 14.3 per cent from a year earlier to 587 billion yen (S$7.4 billion), against a
      227 words
    • Article, Illustration
      Lock icon Central bank steps may reignite currency wars
      952 18 They are revisiting policies to boost competitiveness thro weaker currencies Bloomberg [NEW YORK] Global currency wars are heating up again as central banks embark on a new round of easing to combat a slowdown in growth. The European Central Bank (ECB) cut interest
      Bloomberg; PHOTO: REUTERS  -  952 words
    • Article, Illustration
      Lock icon Haiyan reveals task facing the Philippines
      712 18 Country has to improve disaster management further Bloomberg [MANILA] Destruction from Super Typhoon Haiyan, the most powerful storm on record to strike the Philippines, shows the task facing President Benigno Aquino to curb the death toll in a country prone to natural disasters. The
      Bloomberg; PHOTO: AP  -  712 words
    • Article
      Lock icon US and EU resume talks to forge world’s largest FTA
      495 18 AFP [BRUSSELS] The EU and United States yesterday resumed talks on the world’s largest free-trade accord aiming to make progress despite damaging revelations of US spying on its allies. This second round of negotiations on the Transatlantic Trade and Investment
      AFP  -  495 words
    • Article
      Lock icon Venezuela economy seems to be stressed: IMF
      205 18 AFP [WASHINGTON] International Monetary Fund (IMF) chief Christine Lagarde said that Venezuela’s economy appears stressed and that the country will probably face “difficult policy choices” soon. “I don’t think that the economy is doing well at the moment and we certainly understand that
      AFP  -  205 words
    • Article
      Lock icon High debt, taxes – Danes are still happiest
      803 18 High debt, taxes Danes are still happiest Life security, trust make Denmark’s people feel good about themselves AFP [COPENHAGEN] They are the most indebted people in the world, live through long, dark winters and have a shorter life expectancy than several Mediterranean countries. Yet for the past four decades, the
      AFP  -  803 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      98 16 xsofy Yea r r j Q' ;U I Bay C aViU C6 Flo at@ Warina 22 Nove^ U 5 Kmi n t,ier Friday- 22 Bun Bo T* 16 B as the /VSSO cl 1 CJ c ipo re >’ :or C^ ar ation t* a WO on t0 -^assess* 5
      98 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      53 17 FOR SALE Prime Good Class Bungalow MT ECHO PARK Freehold •Site area: 15,116 sqft Flat and rectangular shape land Rebuild or A&A Panoramic view Further enquiries, kindly contact K. H. Tan @*****348 Joanne Lai *****025 Closing date: 15 Nov 2013 (Friday) at 5pm Newsman Realty Pte Ltd Lie. No: L*****29F
      53 words
Page thumbnail Page 18
Page thumbnail Page 19
  • AVIATION/SHIPPING
    • Article
      Lock icon Vessel builder Vard expects best order intake since 2007
      430 19 But its Brazilian yards are taking their toll, with Q3 income slumping 67% Bloomberg [SINGAPORE] Vard Holdings, a builder of offshore support vessels, has said that it would close 2013 with its biggest annual order in six years as oil and
      Bloomberg  -  430 words
    • Article, Illustration
      Lock icon Alitalia has other options than Air France-KLM: Rome
      394 19 This possibility exists if talks over recapitalisation fail AFP [ROME] Italy’s troubled flag-carrier Alitalia has the option to tie up with another partner if talks with shareholder Air France-KLM over its recapitalisation fail, Italian Transport Minister Maurizio Lupi said on Sunday. “If
      AFP; PHOTO: REUTERS  -  394 words
    • Article
      Lock icon JAL reports battery glitch on B787
      283 19 The alert is the latest in a growing line of problems that has beset the plane AFP [TOKYO] Japan Airlines said yesterday that it has reported to Boeing a possible glitch in the battery system on the 787 Dreamliner, after pilots saw an indicator
      AFP  -  283 words
    • Article
      Lock icon TRANSPORT STOCKS
      237 19 SGX '000 Nov 11 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.25 -0.01 224 s$ Cwt Limited 1.29 -0.02 295 Vol First Ship Lea Chuan Hup Hldg Freight Links 0.11 unch ***** Grand Banks 0.23 unch 216 Jaya Hold Ltd 0.68 0.01 233 K1Ventures 1225 Keppel Corp
      237 words
    • Article
      Lock icon Pirates hijack tanker near S’pore in 2nd attack in a month
      396 19 This follows earlier incident in South China Sea on Oct 10 Bloomberg [SINGAPORE] Pirates hijacked a second tanker in a month off the Malaysian coast near Singapore, Asia’s biggest oil-trading hub, according to the International Maritime Bureau (IMB). Ten
      Bloomberg  -  396 words
    • Article, Illustration
      Lock icon Hanjin CEO quits after debt-laden firm suffers losses
      566 19 Line battling global overcapacity and slump in cargo rates Bloomberg [SINGAPORE] Hanjin Shipping Co’s chief executive officer Kim Young Min resigned, taking responsibility for two successive years of losses at South Korea’s largest shipping group and a delay in getting financial support
      Bloomberg; PHOTO: BLOOMBERG  -  566 words
  • Page 19 Advertisements
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      335 19 CRYPTIC CROSSWORD Across 1 Bird large one in sort of American pie (7) 5 Country retreat with distinctive characteristic (7) 9 In Croatia, rarely-worn headdress (5) 10 Tenure for a performer in high office with no parking (9) 11 The man has skill and beat idol (5-5) 12 Criminal boss
      335 words
Page thumbnail Page 20
  • EDITORIAL & OPINION
    • Article
      Lock icon Golf club lease renewals: strike a balance
      493 20 EDITORIAL GOLFERS in Singapore wait with hope and trepidation to hear the terms under which their clubs will have their land leases renewed or, in some cases, not renewed when they start expiring in about eight years from now. This comes after a
      493 words
    • Article, Illustration
      Lock icon Indian space programme’s critics ignore its big success
      804 20  -  THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT INDIA’S space programme got a long anticipated boost with the launch of the space mission to Mars on Nov 5. Final success of the 1,350 kg
      804 words
    • Article, Illustration
      Lock icon Taking a principle-based approach to governance
      933 20  -  A checklist may be easier but it’s better for firms to think on their own and do the right thing By MARK BILLINGTON The writer is the regional director of the South East Asia Institute of Chartered Accountants in England and Wales CORPORATE governance
      PHOTO: AFP  -  933 words
    • Article, Illustration
      Lock icon US witnesses change in electoral patterns
      1501 21  -  Results of recent off-year elections suggest the country’s transforming demographics is trumping ideology LEON HADAR Washington Correspondent THERE is nothing that is more exhilarating for your average American political pundit than analysing the outcome of the last election and trying to draw the outline
      PHOTO: AFP  -  1,501 words
    • Article, Illustration
      Lock icon Overall stock market can be overvalued
      830 21  -  REUTERS BREAKINGVIEWS By EDWARD HADAS IS IT possible to construct portfolios which perform better than the overall stock market? Two of the three recipients of the latest Nobel prize in economics have tried to answer that question. Roughly speaking, Eugene Fama said that all
      PHOTO: AFP  -  830 words
Page thumbnail Page 21
Page thumbnail Page 22
  • Article
    Lock icon SHIPPING TIMES
    1332 22 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
    1,332 words
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      50 22 PLACE YOUR AD HERE THE BUSINESS TIMES Shipping times CALL JOE WONG AT 9620 1327 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE the business times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
      50 words
Page thumbnail Page 23
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3111 23 Transaction date: Nov 11 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 11.5 7 AEM --AAT C'vr 188 106 AIMSAMPIReit 155 +1.5 61 155 153.5
      3,111 words
    • Article
      Lock icon SGX CATALIST
      245 24 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 0.1
      245 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11246 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited Asian local dcy SD Bond .0 9873/ Global Emerging Markets!** f M local Ccy Bond 0 9033/ European Opportunities!"‘ 1.2571/ Global
      11,246 words
    • Article
      Lock icon GLOBALQUOTE
      249 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 31 Genting HK US$ US42 unch 5555 42.5 41.5 41.5 42 2765.5 Sale 318 191 TanChongInt HK305 -12 411 315 305 306 314 4.3 2.3
      249 words
    • Article
      Lock icon SGX ETF
      845 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 125 107.1 ABF SG Bond ETF 108.3 -5.7 22 114 108.3 111.5 114.9 494.4 143 125 CIMB APAC Div 100S$D 129 128.6 129.5 114.4 99.2 CIMB
      845 words
Page thumbnail Page 24
Page thumbnail Page 25
  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      643 25 Nov 11 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.48 *****.29 *****.13 Dec13 *****.00 *****.00 *****.00 *****.00 *****5 *****6 Mar14 *****.00 *****.00 *****.00 *****.00 13 341 MSCI TAIWAN INDEX FUTURES SPOT 290.21 290.93 288.28 Nov13 289.30 290.20 286.90 288.70 ***** *****7 Dec13 288.90
      643 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Nov 8 Index Change Change Change Change Change Change World Preliminary 1136.7 0.3 21.2 0.3 21.4 0.2 18.9 EAFE Preliminary 926.0 -0.2 19.6 -0.4 17.4 -0.5 15.0 Europe Preliminary 1334.8 0.0 16.4
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 25 Nov 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.983 5.716 0.702 7.275 59.348 108.508 0.929 10.065 3.004 1.134 100.785 40.837 1.171 9.701 0.865 27.730 29.725 0.586 0.938 Canada 1.018 5.817
      471 words
    • Article
      Lock icon SIBOR
      38 25 Nov 11 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** Source: Thomson Reuters
      38 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      86 25 Nov 11 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****A 16-May-14 0.28 1-Year BY*****T 31-Oct-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.91 5-Year N*****0T 0.5 01-Apr-18 99.45 99.58 99.45 10-Year NX*****H
      86 words
    • Article
      Lock icon PRECIOUS METALS
      135 25 Nov 11 GOLD(US$/oz) Oct 08 Nov 11 Hong Kong 1317.00 1290.00 Nov 07 Nov 08 London 1310.66 1284.95 1311.43 1285.75 Source: Thomson Reuters CAST BAR Nov 11 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 116 52 5gm 330 258 10gm 589 516
      135 words
    • Article
      Lock icon PALM OIL
      60 25 Nov 11 Nov KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 13 2525.0 2532.0 2540.0 2525.0 156 2386 Dec 13 2526.0 2530.0 2546.0 2526.0 3047 ***** Jan 14 2515.0 2528.0 2551.0 2510.0 ***** ***** Feb 14 2516.0
      60 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Nov 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1712 1.1714 0.9384 0.9385 Canadian dollar 1.1918 1.1922 0.9551 0.9549 Euro 1.6691 1.6696 1.3373 1.3376 NZ dollar 1.0324 1.0329 0.8272 0.8275 Sterling pound 1.9981 1.9984 1.6009 1.6010
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 25 Nov 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 13 1306.00 1278.75 1306.50 1274.75 Jan 14 1296.00 1266.50 1297.50 1261.75 Mar 14 1276.75 1248.00 1278.25 1244.25 May 14 1258.00 1234.25 1259.00 1228.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
      109 words
    • Article
      Lock icon LIFFE
      96 25 Nov 8 Nov 8 COCOA(£/tonne) Close Prev High Low Dec 13 1697 1702 1701 1690 Mar 14 1708 1712 1712 1700 May 14 1707 1710 1710 1700 Jul 14 1705 1708 1709 1700 COFFEE(US$/tonne) Close Prev High Low Nov 13 1466 1450 1452 1452 Jan 14 1476 1460 1478
      96 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1148 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 12 0.0 5 -78 56 Asia-Pacific Strategic W*****6 0.2 1 123 448 112.50 6 Ratio Albedo Limited W*****9 Price Ascendas Reit MB ECW*****3 Disc Asiatic Grp(Hldgs) Ltd W*****5
      1,148 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Nov 08 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 104.49 0.47 WTI (Near Mth) 94.41 0.08 Dubai (1-Mth F) 101.41 -0.39 Tapis blend 108.28 -0.55 Minas 102.48 -0.55 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.06 -0.22 Jet Kerosene 119.42 -1.05 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Nov 11 S$ Bid Offer 1-month 1.2481 1.2482 2-months 1.2480 1.2481 3-months 1.2480 1.2481 6-months 1.2476 1.2478 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      65 25 Nov-08 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1771.25 1777.25 3 months 1815.00 1821.00 Copper, Grade A(US$/tonne) Cash 7166.25 7150.50 3 months 7167.50 7145.00 Lead(US$/tonne) Cash 2121.75 2124.50 3 months 2140.00 2145.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
      65 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Nov 11 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.197 1.140 Can dollar 1.211 1.165 Euro 1.705 1.624 Sterling pound 2.034 1.956 NZ dollar 1.056 1.016 US dollar 1.271 1.211 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 25 Nov 11 $S Offer Bid 0vernight 0.08 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.08 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.50 0.30 9 months 0.60 0.40 12
      157 words
Page thumbnail Page 26
  • PROPERTY
    • Article, Illustration
      Lock icon Dexus, Canada fund buy A$2.8b trust
      673 26 They will take over Commonwealth Bank of Australia’s listed office trust Bloomberg [SYDNEY] Dexus Property Group, Australia’s biggest listed office landlord, and the Canada Pension Plan Investment Board reached an agreement with Commonwealth Bank of Australia to buy the bank’s listed office trust for
      Bloomberg; PHOTO: BLOOMBERG  -  673 words
    • Article
      Lock icon Delta Property banks on South African govt ties
      509 26 It is planning to sell 350m rand of 3-year secured debt Bloomberg [JOHANNESBURG] South African government connections are paying off for Delta Property Fund Ltd’s borrowing costs. The company, which rents office space to the government, plans to sell 350 million rand
      Bloomberg  -  509 words
    • Article
      Lock icon CIC set to buy London office project: FT
      179 26 Reuters [BANGALORE] China Investment Corporation (CIC) is set to buy Chiswick Park, a west-London office development, from US private equity group Blackstone for about £800 million (S$1.6 billion), the Financial Times reported, citing people familiar with the matter. The talks are at
      Reuters  -  179 words
    • Article, Illustration
      Lock icon Denmark faces fight with EU to save mortgage system
      977 27 Lawmakers propose adding a trigger to extend maturities on one-year notes Bloomberg [COPENHAGEN] Denmark is bracing itself for an historic showdown with the European Union as lawmakers in the Nordic country settle on a definition of stable funding for mortgage banks
      Bloomberg; PHOTO: BLOOMBERG  -  977 words
    • Article, Illustration
      Lock icon Swedish banks told to rely on deposits more
      632 27 Sweden’s Finance Minister seeks cheaper mortgages Bloomberg [STOCKHOLM] Swedish Finance Minister Anders Borg wants banks in the largest Nordic economy to rely more on traditional deposits than on wholesale debt markets to finance their mortgage lending. “In the long-term, I think we
      Bloomberg  -  632 words
    • Article, Illustration
      Lock icon En bloc sale for The Arcade in the offing
      494 28 Price tag said to be around $3,000 psf ppr; minimum 80% owner consent clinched A PRIME albeit small commercial site in Raffles Place, The Arcade, on a site of about 21,900 sq ft, could be put up for collective sale soon.
      494 words
    • Article, Illustration
      Lock icon HK homebuyers hit by tighter mortgages
      1395 28 Buyers of high-end apartments are the hardest hit Bloomberg [HONG KONG] Hong Kong businessman Raymond Chiu says that he has perfect credit and is prepared to spend about HK$16 million (S$2.6 million) on a 1,000-square-foot apartment in the city’s Mid-Lev-els residential area. There’s just
      Bloomberg; PHOTO: BLOOMBERG  -  1,395 words
    • Article, Illustration
      Lock icon 2,000 get mortgages through UK govt scheme
      471 28 Reuters [LONDON] More than 2,000 homebuyers obtained mortgages through the British government’s flagship loan support scheme in the first month of its broader operation, with most of those first-time buyers, Prime Minister David Cameron said yesterday. Britain’s Conservative government is pushing the plan,
      Reuters; PHOTO: AP  -  471 words
    • Article
      Lock icon China investors dominate Portugal visa offer
      351 28 Bloom berg [LISBON] The Chinese accounted for almost 80 per cent of the investors who have obtained visas to live in Portugal through a programme that encourages foreign investment in the country’s battered real estate market. A total of 318 visas have been issued
      Bloomberg  -  351 words
    • Article
      Lock icon Mitsui Tokyo project points to casino plan
      247 28 Bloomberg [TOKYO] Mitsui Fudosan Co, Japan’s largest property developer, is seeking approval for an entertainment complex and resort in Tokyo with construction firm Kajima and Fuji Media Holdings, a government website shows. The companies have applied to set up an entertainment complex in
      Bloomberg  -  247 words
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      107 26 4 4 i w w »v w K I i /< i_t tr di in TRADE-IN PRICE SELL YOUR CAR AT SGCARMART.COM V'.Ti, '■'.4 "jf-rfS* 9 i- (S ./<■ 5* kstv --s, Over 2 million potential eyeballs for your car monthly* Free settlement for car loans, insurance, documentation and ownership
      107 words
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Lock icon Page 27 Advertisements Column 1
      187 27 T m ar Located within the prestigious enclave of Vicinity Lies this beautiful 15,500 sqft modern contemporary Good Class Bungalow. Featuring 6 spacious rooms and unblocked views of the greenery, this house awaits the astute hover View A Inwlll this house awaits the astute buyer. View Now!!! REALSTART n *****098
      187 words
    • Advertisement
      Lock icon Page 27 Advertisements Column 2
      131 27 BRAND NEW LIGHT INDUSTRIAL AT ALJUNIED FOR LEASE I TOP soon 5-min walk to Raya Lebar MRT Excellent location Fitted bare Sizes from 7,000 to 80,000 sq ft Sharon Chan 9112 2063 Dominic Peters 9825 2101 R*****1G www.savills.com.sg savills Australian Property Finance Have you recently bought an Australian property and
      131 words
    • Advertisement
      Lock icon Page 27 Advertisements Column 3
      82 27 High Floor Office Units at Peninsula Plaza for Sale Entire floor comprising 6 strata units Units from 990 to 1,776 sf Total strata area 8,514 sf 100 m to City Hall MRT Excellent unblocked view of Marina Bay Area Invitation of bids for single or multiple units Expression Of Interest
      82 words
Page thumbnail Page 28