The Business Times, 14 November 2013

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Microfilm: NL32874
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, November 14, 2013
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  • Article
    Lock icon GM to move int’l ops HQ to Singapore
    502 1  -  By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] To capitalise on the fast growing markets of South-east and South Asia, American car giant General Motors is moving its consolidated international operations (CIO) headquarters to Singapore from Shanghai. The relocation in the second quarter of next
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,166.74 (-13.51) HST INDEX FUTURES 3,166.00 (-13.00) HSIMSCI 365.31 (-1.50) HSIMSCI FUTURES 364.60 (-2.10) US$ S$ US$ (S$ per US$) 1.249 (US$/S$ per 1.588 1.984 EURO (US$/S$/€ 1.343 1.677 Foreign currency per US$ S$ YEN 99.60 79.70 RM 3.212 2.571 HK$ 7.753 6.207 BAHT 31.60 25.30 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,782.49 -12.31 NIKKEI 225 14,567.16 -21.52 HANG SENG 22,463.83 -437.58 SET INDEX 1,404.77 -8.31 JAKARTA COMP 4,301.89 -78.75 MANILA COMP 6,320.96 -3.21 SEOUL COMP 1,963.56 -31.92 SHENZHEN B 825.76 -2.18 MUMBAI IND 20,194.40 -87.51 11am EST Change DOW 15,701.64 -49.03 NASDAQ 3,923.30 +3.38
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    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE 5.38 MALAYSIA HONG KONG HONG KONG 5.00 TAIWAN 14.635 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 INDIA 0.50 Source: Bloomberg
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  • Article, Illustration
    Lock icon China plenum leaves economists guessing
    894 1  -  Markets fall as investors remain unimpressed with outcome of top leaders’ meeting By in VIRGINIE MANGIN in Beijing THE conclusion of a highly anticipated top leadership meeting in China has left more questions than answers in its wake, with markets falling on the news. Reactions
    PHOTO: REUTERS  -  894 words
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      271 1 COMMENTARY Japan’s free press under threat PAGE 31 AVIATION SIA sanguine JV with Tata will take off PAGE 28 COMPANIES Oxley’s Q1 net surges to record $250.8m PAGE 4 LEGAL SUIT MAS wins bid to freeze ex-China Sky CEO’s funds PAGE 4 PROPERTY Good response to Alex Residences IPAGE 36
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      283 2 China plenum leaves analysts guessing THE conclusion of a top leadership meeting in China has left more questions than answers. FRONT PAGE GM to move int’l ops HQ to Singapore GENERAL Motors is moving its global operations headquarters to Singapore from Shanghai. FRONT PAGE Prepare for US taper:
      283 words
    • Article, Illustration
      Lock icon Prepare for US Fed stimulus taper: Tharman
      561 2  -  Countries should put in place domestic reforms, raise productivity Reports by LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] THE global economy has to accept the fact that the United States Federal Reserve will have to start paring its assetbuying stimulus at some point. What countries should
      PHOTO: AFP  -  561 words
    • Article
      Lock icon World wants to be part of China’s remaking: Tharman
      547 2 [SINGAPORE] While there will be risks as China rolls out its reform blueprint for the coming decade, the world’s second-largest economy is filled with “tremendous potential” and one in which the rest of the world will want to have a stake
      547 words
    • Article
      Lock icon Errant rail contractors: Can LTA do more?
      677 2  -  By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] The plight of small and medium enterprises (SMEs) left in the lurch by a defaulting rail project sub-contractor has put the scrutiny on whether the Land Transport Authority (LTA), as the owner of the Downtown Line 3 Project,
      677 words
    • Article
      Lock icon May-Dec ’12 offences: casinos fined $527k
      337 2  -  By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] Singapore’s casino regulator has for the third time this year hit the country’s two casinos hard on the wallet for various regulatory breaches. The Casino Regulatory Authority (CRA) said yesterday that it had dished out fines totalling $527,500 after
      337 words
    • Article, Illustration
      Lock icon MAS wins suit to freeze ex-China Sky CEO’s funds
      637 4  -  Court finds Chinese national to be true owner of the assets By GRACE LEONG gleong@sph.com.sg [SINGAPORE] The Monetary Authority of Singapore (MAS) has succeeded in a legal bid to permanently freeze US$3.7 million in funds belonging to the former chief executive
      637 words
    • Article
      Lock icon Oxley Holdings’ Q1 profit balloons to $250.8m
      649 4  -  Strong performance largely driven by revenue recognition from Oxley Bizhub By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] Formerly known as the king of shoebox units, Oxley Holdings has made it to the big boys’ table, with net profit for the first quarter ended September surging
      649 words
    • Article
      Lock icon Iskandar could be model: ex-M’sia MP
      468 4  -  Project augurs well for other economic corridors in M’sia By KELLY TAY kellytay@sph.com.sg [SINGAPORE] While the success of the Iskandar project is not yet apparent, it could serve as a model for future Singapore-Malaysia collaborations in other economic corridors across the Causeway. So said
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    • Article, Illustration
      Lock icon This premium airport lounge is not class conscious
      777 4  -  By S JAYASANKARAN in Kuala Lumpur AS an investment banker, Song Hoi See always flew business class, which entitled him to the services of luxury airline lounges. He thought nothing of the food and drink and shower and business facilities on tap
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      107 4 warn Dermatologist Formulated All Natural Scientifically Proven Treatment for Thicker Looking Hair Natural ingredients deliver results without side effects Revolutionary ingredients to block DHT production in the scalp Clinically proven with high success rate For thicker, fuller, healthier looking hair Protects, nourishes and revitalizes the hair Suitable for men and
      107 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon ComfortDelGro’s Q3 gain up 5.4%
      717 6  -  Core bus and taxi sectors give its earnings a lift to $76.7m for quarter By SAMUEL EE samuelee@sph.com.sg COMFORTDELGRO’S core bus and taxi businesses boosted its net profit by 5.4 per cent to $76.7 million in the third quarter ended Sept 30, 2013, as group
      ST FILE PHOTO  -  717 words
    • Article
      Lock icon Tat Hong’s Q2 profit down 53% at $8.2m
      459 6  -  By CAI HAOXIANG haoxiang@sph.com.sg AN economic slowdown in its key market Australia, together with unrealised losses from a sharp depreciation of the Indonesian rupiah, conspired to bring crane supplier Tat Hong’s net profit for its second quarter ended Sept 30 down to
      459 words
    • Article
      Lock icon Otto Marine Q3 net falls 13% to US$4.12m
      294 6  -  By VIVIEN SHIAO vshiao@sph.com.sg OFFSHORE marine group Otto Marine posted a net profit of US$4.12 million for the third quarter ended Sept 30, 2013, down 13.1 per cent from US$4.74 million a year ago. Its bottom line was hit by a US$9.8
      294 words
    • Article
      Lock icon Olam in A$200m sale and leaseback deal of its almond orchards
      358 6  -  By ANDREA SOH sandrea@sph.com.sg IN its second sale and leaseback transaction, Olam International is selling nearly 12,000 hectares of almond orchards in Victoria, Australia for A$200 million (S$23 2 million) in cash, and reaping a post-tax capital gain of
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    • Article
      Lock icon Chocolate maker Petra’s Q3 net profit up 3.5%
      366 6  -  By LISA LEE lisalcc@sph.com.sg CHOCOLATE and confectionary maker Petra Foods has posted a 3.5 per cent year-on-year rise in third-quarter net profit to US$14.8 million, helped by higher sales from its branded consumer division. Revenue from the division rose 10.4 per cent
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    • Article
      Lock icon Banyan Tree posts $1.4m Q3 loss
      375 6  -  By FELDA CHAY feldac@sph.com.sg HOSPITALITY group Banyan Tree Holdings reported a $1.4 million net loss for its third quarter down by half from the $2.8 million net loss a year ago in what is typically a slow period for the group. Revenue from its
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    • Article
      Lock icon CRT’s DPU of 3.26 cents beats forecast by 4.6%
      390 6  -  By tanmindy@sph.com.sg MINDY TAN ténmindy@sph.com.sg BUOYED by an upturn in consumer sentiment, Croesus Retail Trust’s (CRT) distribution per unit (DPU) of 3.26 Singapore cents for the 144 days ended Sept 30 beat its IPO forecast by 4.6 per cent. CRT’s first
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    • Article
      Lock icon CSE Global Q3 earnings up 6% at $11.4m
      404 7  -  Group sees lower revenues from the Americas, Europe, Mid-East, Africa By AMIT ROY CHOUDHURY amit@sph.com.sg TECHNOLOGY firm CSE Global recorded profit after tax of $11.4 million for its third quarter ended Sept 30, 6 per cent better than the $10.8 million a
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    • Article
      Lock icon Interra continues strong production in Q3
      473 7  -  By ANDREA SOH sandrea@sph.com.sg HIGHER sales of shareable production continued to boost earnings at oil and gas firm Interra Resources in the third quarter. Net profit rose nearly five times to US$4.99 million, from US$1.09 million a year ago. This translated into earnings per
      473 words
    • Article, Illustration
      Lock icon Yangzijiang Q3 profit dips 6% to 820m yuan
      522 7  -  Year-to-date orders of US$2.1 b surpass full-year target By LISA LEE lisalcc@sph.com.sg YANGZIJIANG Shipbuilding has secured US$2.1 billion in new shipbuilding orders year-to-date, and with 28 options still to be exercised, the group has already exceeded its target to secure US$2 billion
      ST FILE PHOTO  -  522 words
    • Article
      Lock icon WBL Q4 profit hit by car cooling moves
      521 9  -  Net profit falls almost 50% to $8.6m, revenue down 9% to $587m By haoxiang@sph.com.sg CAI HAOXIANG haoxiang@sph.com.sg CAR cooling measures in Singapore finally bit for United Engineers’ (UE) subsidiary WBL Corporation, whose net profit for its fourth quarter ended Sept 30 halved
      521 words
    • COMPANY BRIEFS
      • Article
        Lock icon F&N’s distribution of FCL shares gets nod
        83 9 FRASER Neave (F&N) shareholders have voted unanimously in favour of its proposed distribution of the entire issued share capital of subsidiary, Frasers Centrepoint’s (FCL’s) shares, by way of a dividend in specie on the basis of two FCL shares for each ordinary share
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      • Article
        Lock icon Haw Par Q3 net up 9.1% at $22.4m
        65 9 HAW Par Corporation’s third quarter net profit rose 9.1 per cent to $22.4 million from $20.5 million last year, largely due to higher turnover from its healthcare division. Earnings per share were 10.2 cents, compared with 9.4 cents last year, while revenue
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      • Article
        Lock icon Hong Leong earnings jump 17.4% in Q3
        63 9 HONG Leong Finance saw a 17.4 per cent jump in third quarter net profit to $19.9 million from $17 million last year after writing back provisions/ recoveries. Earnings per share were 18.02 cents compared with 15.4 cents last year. Net interest income was
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      • Article
        Lock icon Sinwa back in the black in Q3
        96 9 MARINE supply and logistics firm Sinwa Ltd made $1.6 million in net profit for its third quarter, reversing from a $1.7 million loss it incurred last year, mainly due to the increase in marine supply and logistic revenue, decrease in depreciation and stacking
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      • Article
        Lock icon Hankore doubles Q1 profit to 30.4m yuan
        72 9 HANKORE Environment Tech Group said net profit for its first quarter more than doubled to 30.4 million yuan (S$6,2 million) from 12.2 million yuan a year ago. Earnings per share were 0.0065 yuan, compared with 0.0029 yuan a year ago. Revenue for the
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      • Article
        Lock icon New mineral resource estimate for Liongold
        94 9 LIONGOLD Corp said yesterday that a new mineral resource has been estimated for its Amayapampa Gold Project in Bolivia which raises the amount of gold contained to 1.79 million ounces, a 40 per cent increase on the previously reported Mineral Resource of 1.28 million
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    • Article, Illustration
      Lock icon Rotary Engg back in the black in Q3
      406 9  -  It posts $7.9m profit on the back of a 60% rise in revenue By RONNIE LIM ronnie@sph.com.sg CONTINUING its turnaround from its earlier Saudi woes, specialist oil and gas contractor Rotary Engineering posted a Q3 net profit of $7.9 million on the
      BT FILE PHOTO  -  406 words
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      Lock icon Page 6 Advertisements Column 1
      68 6 5uea u WSGPF air Singapore Gifts Premiums Fair 2014 16-18 July 2014 Marina Bay Sands, Singapore www.SGPFair.com For Exhibitors! Extensive publicity Quality crowd Convenient location Reserve your prime spot TODAY! Email: SGPFair@bizlink.com.sg Tel: (65) 6848 5938 Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF BI k 8 Lorong
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      310 7 c n r >CENTER Invest in a location that makes business sense n; mm S' ttirn 3 m Hr ■U SWtWe 4 ■EL".! wa nui in ol i: i i: 5 H|il MBESOirB ■Bnan u. u .t W.i sup 'M Mi in "«;>/ ■nmni li mv ■nm ■iM We (uiuu
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon ‘Earlier tapering’ fears bring sellers out
      585 8  -  STI loses 13.51 pts; heavy sell-off with market expecting poor Wall Street performance STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent EQUITIES in Asia were sold off heavily yesterday in anticipation of a decline on Wall Street, with the Straits Times Index dropping 13.51 points to
      Source: Bloomberg  -  585 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 Nov 13 VALUE CLOSE BT OB/OS -277.00 -53.00 BT CADI -*****.00 -161.00 BT 10-day MA -*****.00 -28.00 FTSE ST Mid Cap 726.89 -6.63 FTSE ST Small Cap 533.07 -4.35 FTSE ST All Share 768.21 -4.13 FTSE ST China Top 199.23 -3.14 FTSE ST China 227.21 -2.93 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 3 0 0 0 4 7 3 Manufacturing 29 69 40 6 7 15 35 76 55 Commerce 11 24 27 4 9 1 15 33 28 Tpt/Stor/Comms 9 21 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,126 17,126 37,652 37,652 Manufacturing 262,637 108,986 371,623 129,596 3,683 133,279 Commerce 318,856 129,870 448,726 143,306 9,493 152,798 Tpt/Stor/Comms 129,860 19,031 148,891 122,603 2,930 125,534 Finance 53,161 511 53,672 97,073 189 97,261 Construction 51,035 52,181
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    • Article
      Lock icon BROKERS’ TAKE
      1009 8  -  Compiled by CAI HAOXIANG City Developments Ltd Nov 13 close: S$9.98 Maybank Kim Eng Research, Nov 13 ANOTHER soft quarter. Excluding the S$5.8 million of investment gains, CDL’s Q3-2013 core Patmi (profit after tax and minority interests) came in at S$ 115 million. 9M-2013 core Patmi of S$291.3
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 8 Stock name Close Change CapMallsAsia 1.995 CapitaLand 3.000 -0.020 CapitaMall 1.980 -0.015 CityDev 9.980 -0.100 ComfortDelGro 1.895 +0.005 DBS Grp 16.95 +0.010 GLP 2.920 -0.030 Genting SP 1.445 -0.010 Golden Agri 0.570 +0.005 HK Land 6.180 -0.090 HPH Trust US$ 0.705 -0.010 JMH 52.09 -0.130 JSH
      114 words
    • Article, Illustration
      Lock icon Australia, NZ dollars near 2-month lows
      575 8 CURRENCIES Reuters [SYDNEY] The Australian and New Zealand dollars loitered near twomonth lows yesterday as talk that the US Federal Reserve would soon start to unwind its massive stimulus programme pushed up Treasury yields and gave a boost to the greenback. The Aussie struggled
      Reuters; PHOTO: BLOOMBERG  -  575 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Noble Grp 87,322,000 Otto Marine 81,530,000 MDR W*****5 70,203,000 DragonGp 60,336,000 Pacific Radiance 59,577,000 Golden Agri 58,334,000 KLW Hldgs 55,940,000 MDR 52,389,000 Sunmoon 46,221,000 YHM 43,109,000 VALUE($) Noble Grp 90,607,370 Pacific Radiance 56,750,985 SingTel 45,159,530 Golden Agri 32,816,745 GLP 32,514,466 OCBC Bk 30,873,936 DBS Grp 27,881,020
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    • Article
      Lock icon RISES
      111 8 BY CENTS CLOSE UP DBXT MSUSA 10US$ 4383 312.2 6.0 DBXT S&P Short 10US$ 2734 10.0 0.3 CombWill 100 59.5 9.5 19.0 UOL 632 7.0 1.1 DBS Bk 4.7% NCPS 100 ***** 6.0 0.1 F&N 580 5.0 0.9 Hyflux 6% CPS 10 ***** 5.0 0.0 IS S&P500 ***** 5.0
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    • Article
      Lock icon FALLS
      122 8 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 6096 -146.1 -1.9 DBXT MSEurope 10US$ 5688 -114.9 -1.6 Jardine C&C 3406 -94.0 -2.7 DBXT FTChina25 10US$ 2833 -92.4 -2.5 DBXT FTVietnam 10US$ 2379 -67.4 -2.2 JSH 3182 -59.9 -1.5 GLD 10US$ ***** -47.5 -0.3 SuperGroup 311 -46.0 -12.9 DBXT MSCHINA 10US$
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      196 9 Let me diet mg ffiwmte reetniernnt for dinner tonight hg name y) 1 t V, 0 CM: mM vyfrmc M V r I > V Open your phone book Collection Advice to claim your Call-Names! T \o Tl Tlamcs. y\ t IS Yellow Pages \/'T& x u l V C
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  • SINGAPORE NEWS
    • Article
      Lock icon Lanxess sticks to its Singapore projects despite earnings fall
      395 10  -  Group says new more efficient plants will give it an edge in Asian growth markets By RONNIE LIM ronnie@sph.com.sg GERMANY’S Lanxess remains committed to completing its major projects in Singapore and China as these will give it a competitive edge in
      395 words
    • Article
      Lock icon Saving for kids’ education a top priority here
      429 10  -  By GENEVIEVE CUA gen@sph.com.sg SAVING for children’s education is a top priority among Singaporeans, with a significant proportion beginning to save starting from the birth of their child, a survey has found. Friends Provident International’s (FPI) latest investor attitude survey has found
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon Law Society president Lok Vi Ming re-elected
        51 10 SENIOR counsel Lok Vi Ming has been re-elected as president of the Law Society of Singapore for 2014, according to a statement from the society yesterday. The two vice-presidents for the council next year will be Senior Counsel Thio Shen Yi and Kelvin
        51 words
      • Article
        Lock icon MPA signs MOU with Belgian port partners
        64 10 THE Maritime and Port Authority of Singapore (MPA) signed a memorandum of understanding (MOU) with Antwerp Port Authority and Port of Zeebrugge yesterday to cooperate in the following areas: harmonisation of liquefied natural gas (LNG) bunkering procedures, information exchange related to bunkering and
        64 words
    • Article
      Lock icon Mobile marketplace app Carousell secures $1m in seed funding
      422 10  -  By JACQUELYN CHEOK jaccheok@sph.com.sg LIANA Ho, or “altego” as she is known to buyers online, has sold over 50 Star Wars and gaming T-shirts via Carousell since December last year. With 1,463 followers, she is among the top one per cent
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    • Article
      Lock icon Security standard to help promote cloud computing
      449 10  -  By KEVIN KWANG SINGAPORE businesses seeking the services of cloud-service providers (CSPs) will now have a comprehensive tool to help them pick the provider to go with, bearing in mind the level of information security that would suit their needs. The security of
      449 words
    • Article, Illustration
      Lock icon Soaring on Eagle medicated oil
      1098 10  -  Already well-established among older consumers, Borden is keen to reach out to the young By CHIN JIA QI, FONG XIN YI, ONG MING YI The writers are students of the NUS Business School ANEW elegant seven-sto-rey building stands out among the other industrial properties surrounding
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  • Page 10 Advertisements
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      177 10 German Spanish Korean Japanese Mandarin English Arabic German Spanish Korean Japanese Mandarin English Arabic A Global Education Company Helping The World To Communicate Since 1878 LANGUAGE GROUP LESSONS FOR KIDS ADULTS Kids Group Adults Group Lessons /4 to 8 students per group /I 8 or 24 lessons Berlitz language workshops
      177 words
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  • PHILANTHROPISTS FORUM 2013
    • Article, Illustration
      Lock icon Giving needy kids a leg-up
      876 11  -  Three individuals from different fields share their experience on helping the underprivileged. Reports by KAN KWOK LEONG OVER conversations with taxi drivers during traffic jams, or with her hairdresser at the salon, banker Jullie Kan gradually realised that the image of Singapore as an affluent
      876 words
    • Article, Illustration
      Lock icon Education through charity
      556 11 WHEN Bill and Melinda Gates came to South-east Asia looking for donors to their eponymous charitable foundation, one of the few people they approached was Indonesian billionaire Tahir. While his wealth and many philanthropic efforts made him an obvious target, the visit from the world’s richest man
      556 words
    • Article, Illustration
      Lock icon A doctor’s heartfelt enterprise in India
      670 11 IT may sound like a fantasy in a world where governments are struggling to keep health-care costs down, but a pioneering doctor from India is working towards bringing down the cost of heart surgery to just US$800 there. Such an operation at the Narayana
      670 words
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      48 11 Credit Suisse iff inn No-one’S given VII IH it more thought Whatever your philanthropic ambitions, Credit Suisse provides a To find out more please contact us at bespoke service to help you make the most of your contribution. 1 Raffles Link #05-02 Singapore *****3 Tel: +65 6306 8000
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia unveils US$35b in infrastructure projects
      572 12 Out of 56 ventures, 32 will be under PPP scheme; some will start from next year Re uters [JAKARTA] Indonesia announced plans yesterday for US$35 billion in new infrastructure projects from next year in a bid to tackle one of the biggest deterrents to
      Reuters; PHOTO: REUTERS  -  572 words
    • Article
      Lock icon Ageing pipes add to M’sia’s water loss
      278 12 [PETALING JAYA] Leaky, ageing pipes are taking a heavy toll on water supply in Malaysia, with almost two trillion litres of treated water lost last year alone due to seepage, poor water quality and frequent disruptions at the consumers’ end. And the situation
      278 words
    • Article
      Lock icon Utusan Melayu shares down 4% on news of rights issue
      461 12  -  By S JAYASANKARAN in Kuala Lumpur SHARES in Utusan Melayu slid over 4 per cent yesterday to RM0.68 apiece after the newspaper publisher announced a two-call rights’ issue of up to 110.7 million new shares to boost its sagging financials.
      461 words
  • Page 12 Advertisements
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      617 12 Successful Leadership Skills for a High Performing Workplace Who should attend: Managers, Team Leaders and other general management professionals, business owners, educators, executives and anyone keen on creating a positive office environment through effective leadership and innovation. FULL-DAY WORKSHOPS Practical Innovation: Creating Engineering Effective Innovation Every successful business leader knows
      617 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China bad loans jump by most in 8 years
      431 14 Loans rise by 24.1b yuan to 563b yuan in Q3; NPL ratio ticks up to 0.97% Reuters [SHANGHAI] Bad loans held by Chinese banks rose by the largest amount in eight years in the third quarter, adding to concerns about excessive
      Reuters  -  431 words
    • Article, Illustration
      Lock icon China eyes new markets for oil products
      559 14 It has surplus fuel after increases in refining capacity Reu ters [SINGAPORE] From Africa to Australia, Chinese refiners are exploring new markets to ship surplus oil products such as jet fuel and diesel, putting them on track to compete with global trading houses
      Reuters; PHOTO: REUTERS  -  559 words
    • Article, Illustration
      Lock icon India’s industrial output in Sept grows by sluggish 2%
      576 14 Modest increase is another blow to Congress govt AFP [NEW DELHI] India’s industrial output grew by a weak-er-than-expected 2 per cent in September from a year earlier, hit by sluggish demand during the normally high-spending religious festival season. The modest increase
      AFP; PHOTO: BLOOMBERG  -  576 words
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      1194 14 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices XPRESS HOLDINGS LTD (Company Registration No. *****2058Z) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Xpress Holdings Ltd (“the Company”) will be held at No. 1 Kallang Way 2A,
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      510 14 In the Matter of The Companies Act, Cap. 50 And In The Matter of GREENIT PTE LTD (Co. Reg. No. *****3229G) NOTICE OF CREDITORS’ MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act, Cap. 50, a meeting of Creditors will be held at 81 Ubi
      510 words
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  • WORLD
    • Article, Illustration
      Lock icon Abe’s push for nuclear power meets Koizumi block
      739 15  -  Former leader’s call for zero-nuclear policy gets majority backing: survey By in ANTHONY ROWLEY in Tokyo JAPANESE Prime Minister Shinzo Abe has had the political stage to himself this year as he wowed everyone foreign countries especially with Abenomics and the promise
      PHOTOS: REUTERS  -  739 words
    • Article, Illustration
      Lock icon Beaujolais party in Japan ready to rock in a week’s time
      492 15 Bloomberg [TOKYO] Le Beaujolais Nouveau est arrive! Or at least, the inaugural shipment of this year’s batch touched down last week in Japan, the biggest buyer of the fruity red wine. It’s also the first market of note that
      Bloomberg; PHOTO: BLOOMBERG  -  492 words
    • Article
      Lock icon Typhoon death toll overstated: Aquino
      645 15 Fatal ities nearer to 2,500 not the 10k originally estimated Reuters [TACLOBAN, Philippines] President Benigno Aquino said local officials had overstated the death toll from Typhoon Haiyan, saying it was closer to 2,000 or 2,500 than the 10,000 previously estimated, comments that drew scepticism from
      Reuters  -  645 words
    • Article
      Lock icon Japan’s machinery orders fall; BOJ warns of overseas risks
      491 15 Reuters [TOKYO] Japan’s core machinery orders fell more than expected and a central bank policymaker warned of headwinds from soft overseas growth, underscoring the challenges of sustaining an economic recovery generated by Prime Minister Shinzo Abe’s stimulus policies. September’s 2.1 per
      Reuters  -  491 words
    • Article
      Lock icon Bank of England upgrades growth forecasts
      529 16 It says recovery has taken hold, but remains wary of eurozone debt crisis AP [LONDON] Britain’s economic recovery “has finally taken hold”, the Bank of England (BOE) said yesterday as it upgraded its growth forecasts despite headwinds from the eurozone debt crisis. BOE governor
      AP  -  529 words
    • Article, Illustration
      Lock icon Bacon’s work sets new world record
      369 16 AFP [NEW YORK] A triptych by British painter Francis Bacon Three Studies of Lucian Freud sold for US$142.4 million on Tuesday, smashing the world record for the most expensive piece of art auctioned. The work by the 20th century figurative artist, who lived from
      AFP; PHOTO: AP  -  369 words
    • Article
      Lock icon Global asset managers wary of emerging markets: survey
      607 16  -  The number finding equities expensive is at 11-year high By NEIL BEHRMANN in London GLOBAL asset managers remain wary of emerging markets and have again become cautious about China. A Bank of America Merrill Lynch survey of 222 traditional and hedge fund
      607 words
    • BRIEFING
      • Article
        Lock icon Former Australian PM Rudd quits politics
        103 16 AFP [SYDNEY] Former Australian prime minister Kevin Rudd announced an end to his chequered political career yesterday, quitting politics two months after being ousted from office by Tony Abbott. The charismatic 55-year-old Labor stalwart, who led Australia twice and was foreign minister in Julia
        AFP  -  103 words
      • Article
        Lock icon Japan’s FSA admits misstep over loans
        106 16 Reuters AP [TOKYO] Japan’s banking regulator yesterday admitted that it should have noticed earlier this year that Mizuho Financial Group Inc had made a false report about the extent of the bank’s knowledge of loans to organised crime members. The acknowledgement came as the
        Reuters; AP  -  106 words
      • Article
        Lock icon Thailand goes ahead with rice programme
        151 16 Bloomberg [BANGKOK] Thailand said that it will press on with a US$21 billion ricepurchase programme, spurning a call from the International Monetary Fund (IMF) to end the loss-making intervention and telling the lender that its approach is better. “The government has our ways to
        Bloomberg  -  151 words
  • Page 15 Advertisements
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      188 15 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 1950,000 r Ian Chen Marc Von Grundherr Anita Mehra CEO, Jalin Group Director of MDof Of Companies Benham
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      247 16 FUTURE iitiiismi a CHINA i ADVANCED LEADERS PROGRAMME Grooming future leaders toV “ChinaWeady “China-sawy” and “Connected” > > V The course has given us a concise and condensed introduction to China's past, present and future, allowing us to gain an in-depth understanding of the diverse social ecology and inter-connectedness of
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      21 16 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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  • S SPECIAL Singapore Sustainability Awards 2013
    • Article, Illustration
      Lock icon Working for a green future
      1178 17  -  The Singapore Sustainability Awards aim to make the republic a global hub for sustainable business practices and clean technologies By Hazel Tan INTO its fourth year, the Singapore Sustainability Awards (SSA), spearheaded by the Singapore Business Federation (SBF), continues with a strong showing this year
      PHOTOS: SBF  -  1,178 words
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      Lock icon Positive impact
      706 18  -  Keppel Land leads the way in ensuring sustainability of commercial and residential buildings in Singapore and overseas By Hazel Tan SINGAPORE’S leading prime office developer Keppel Land’s green efforts started as early as in the 1970s, when sustainability was still a relatively new idea on the island. Back
      PHOTOS: KEPPEL LAND  -  706 words
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      Lock icon Intelligent design
      644 19  -  Greenpac’s innovative packing solutions prove that saving the environment results in lower costs By Seow Kai Lun GREENPAC has been providing innovative, holistic solutions for more efficient and green packaging at low costs since the company was founded in 2002. “We work with strategic suppliers to customise environmentally
      PHOTOS: GREENPAC, FILE PHOTO  -  644 words
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      Lock icon Converting waste into energy
      735 20  -  ECO Special Waste Management uses advanced systems to provide industrial recycling services to its clients By April Chong HELPING customers find value in their waste products and converting trash to energy are just some ways in which ECO Special Waste Management builds a sustainable future. The
      PHOTOS: ECO SPECIAL WASTE MANAGEMENT  -  735 words
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      Lock icon Creating value
      487 21  -  For AkzoNobel, being green is a commitment to resource efficiency and continuous improvement Seow Kai Lun WITH operations in more than 80 countries, AkzoNobel is committed to supplying industries and consumers worldwide with innovative products as well as developing sustainable solutions for its customers. The company has been
      PHOTOS: AKZONOBEL  -  487 words
    • Article, Illustration
      Lock icon Affordable solar power
      482 21  -  Sunseap Leasing aims to make green energy a breeze By Hazel Tan SOLAR leasing is a new way of appreciating solar energy conveniently and aifordably, and this ingenious solution has won Sunseap Leasing Achievement of Excellence for the Green Technology Award (GTA) category in this year’s Singapore
      PHOTOS: SUNSEAP LEASING  -  482 words
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      Lock icon Reducing the carbon footprint
      482 22  -  Swire Pacific Offshore Operations sets high standards to make its operations more environmentally friendly By Jamie Ee SINGAPORE-based Swire Pacific Offshore Operations’ (SPO) sustainable practices are setting a new benchmark in the maritime industry. Its efforts have won the company Achievement of Excellence in the Sustainable
      PHOTOS: SPO  -  482 words
    • Article, Illustration
      Lock icon From waste to fertilisers
      494 22  -  Biomax Technologies’ innovation that turns organic waste into fertiliser saves time, space and promotes organic farming By Hazel Tan WHEN he was in the food trading business, chief executive officer of Biomax Technologies Sim Eng Tong (right) used to witness large amounts of food wastage in
      PHOTOS: BIOMAX  -  494 words
    • Article, Illustration
      Lock icon Eco-friendly office solutions
      506 24  -  Designing easy-to-use green products drives Ricoh Asia Pacific as a sustainable corporation By Seow Kai Lun A TOTAL Green Office Solution (TGOS) is a business tool to help support visualising, analysing and minimising the environmental impact of businesses. “We inform our clients of the environmental impact of
      PHOTO: RICOH  -  506 words
    • Article, Illustration
      Lock icon Cooling the world effectively
      487 24  -  Carrier conveys the green message through its sustainable processes Seow Kai Lun DR WILLIS Carrier invented the modern air conditioning system in the United States in 1902, but by using new compression and controls technologies to greatly improve the efficiency of the systems, the modern-day Carrier
      PHOTOS: CARRIER SINGAPORE  -  487 words
    • Article, Illustration
      Lock icon Getting a headstart
      413 26  -  Being an early adopter of sustainable practices gives Keppel Telecommunications Transportation a winning edge By Jamie Ee KEPPEL Telecommunications Transportation (Keppel T&T) has been a pioneer in sustainability efforts across all its businesses for close to two decades. The company is the recipient of the Achievement of
      PHOTO: KEPPEL T&T  -  413 words
    • Article, Illustration
      Lock icon Greener work sites
      504 26  -  Gammon builds up its expertise in sustainable construction Jamie Ee CONSTRUCTION company Gammon is proof that a sustainable business model can be successfully applied to any type of industry including the construction business. Through innovation and developing new methods and technologies, the company has transformed many traditional
      PHOTOS: CHONG JUN LIANG, GAMMON  -  504 words
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      241 18 Dulux lets colour Dulux Weathershield Exterior emulsion with on energy saving cool solution! > y c For many people living in the tropics, battling the heat means using air-conditioning, leading to higher energy bills. The production of the extra electricity needed to keep our rooms cool also adds to the
      241 words
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      125 19 Biomax Technologies is into waste management using high-speed technology in treating various types of organic wastes ranging from food to agricultural wastes. The treated organic wastes end up as organic fertilizer with excellent nutrients for plant growth. Our 24-hour-process technology has been exported to more than 15 countries. This patented
      125 words
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      308 20 Jk. Jo <S > I P L V SB part.load t* HIGH efficiency level Cooling capacity up to 4200kW 1 ilBlI ii I BB" m ii ii n m si it mi n mr 1 V- I pH ii S j»j jj| HI II S s iii ifl ifi if
      308 words
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      61 21 Gammon Balfour Beatty Building in an environmentally sustainable manner r. > d Gammon We thank our clients and business partners for their support Heartiest Congratulations DAI KIN FC ■fbng CONSULT PRIVATE LIMITED Holcim INOO Innoco Oil Pte Ltd Products Services you can trust LEE WELDED MESHj^^ PanUnited SMARDT Am i
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      259 22 Greenpac environmental packaging ENGAGING OUR COMMUNITY 0 H U Projects Partnerships Greenpac's Community Farm -All-Women's Everest Team Community Golf Fundraising Charitable Contributions The Children's Society The Future Light Orphanage of Worldmate in Cambodia O'G «3TO 5. Workforce Diversity Equal Opportunity Yellow Ribbon Project Persons with Disabilities A? u Community Partnerships
      259 words
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      98 23 Waste Collection Chemical Recovery Waste Treatment Industrial Services Recycling Working hand in hand with our partners since 1997 to solve the most difficult challenges. We provide a onestop, efficient, environmentally sound solution for all your waste management needs, so you can focus on your core business. We invite you to
      98 words
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      147 24 Keppel T&T r> 3 Iffl < a t v3 5 *k. rami GROWING SUSTAINABLY Keppel Telecommunications Transportation Ltd (Keppel T&T) is committed to sustainable development as we support long-term value creation for all stakeholders. In Singapore, Keppel T&T has over 40 years of experience in offering customised integrated logistics solutions.
      147 words
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      387 25 war wwwit n j «*f Residentiol iflwhdp SMM =sJ ija« jiMifi' 'jsJ 1 SUnSEHP LEHSinC PTE LTD 18 Boon Lay LUay #06-135 Tradehub 21 Singapore *****6 +65 6602 8086 enquiries@sunseap-leasing.com uumiii.sunseQp-leasing.com Sunseap Leasing is a group dedicated to introducing and implementing solar leasing in Singapore and the region. Solar Leasing
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      89 26 Creating innovative environments enjoyed by all today and generations to come. We call this ‘Thinking Unboxed’. World’s Largest Vertical Green Wall at Ocean Financial Centre At Keppel Land, we deliver value through Sustaining Growth in our businesses, Empowering Lives of our people, and Nurturing Communities wherever we operate. Through our
      89 words
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      183 27 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
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon SIA confident venture with Tata will take off
      608 28  -  CEO acknowledges tough environment in India’s domestic aviation sector By NISHA RAMCHANDANI nishar@sph.com.sg WHILE mindful of the challenging operating environment in India’s aviation industry, Singapore Airlines (SIA) is confident that its planned joint venture with Tata Sons for a New Del-hi-based airline
      PHOTO: ALPHONSUS CHERN / THE STRAITS TIMES  -  608 words
    • Article
      Lock icon Foreign airlines keen to enter India
      427 28 AP [MUMBAI] India has become a hot ticket for international carriers since opening its airline industry to foreign investors last year. But the potential of a giant market where only a sliver of the population travel by plane also comes with a catch: airlines
      AP  -  427 words
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      Lock icon AP Moeller-Maersk shipping line posts 11% rise in Q3 profit
      421 28 Results driven by strong volume growth of 7% Bloomberg [COPENHAGEN] AP Moel-ler-Maersk A/S’s container shipping line, the world’s largest, reported an 11 per cent increase in thirdquarter profit after cost cuts countered a decline in freight rates. Maersk Line’s thirdquarter
      Bloomberg; PHOTO: AP  -  421 words
    • Article
      Lock icon TRANSPORT STOCKS
      235 28 SGX '000 Nov 13 S$ +/-Vol Ch Offshore 0.41 0.01 20 Chuan Hup Hldg 0.26 unch 260 Nov 13 Cwt Limited 1.27 0.01 281 Ezra Hldgs 1.28 -0.04 ***** First Ship Lea Freight Links Grand Banks 0.23 unch 51 Jaya Hold Ltd 0.68 -0.01 343 K1Ventures 0.19 unch
      235 words
    • Article
      Lock icon SIA revamps website, raises allowance for checked-in baggage
      430 28  -  By NISHA RAMCHANDANI nishar@sph.com.sg FACED with stiff competition from both low-cost and full-service carriers, Singapore Airlines (SIA) is striving to set itself apart by rolling out customer-centric initiatives, such as higher baggage allowance and an upcoming redesign of its website. The SIA
      430 words
  • Page 28 Advertisements
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      53 28 HOT PROPERTY 22® fcftt ,(j i «-*B HC i JEST COAST CORNER Semi-D reno S bathr m F/ miss! Us pati0 Don't carpark and character' q f Shpg mf». neg Co,d HOUSE FOR RENT Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY
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      44 28 DAVOS OF THE EAST? South Asian Diaspora Convention to showcase bright minds from the fields of business, politics and the arts Sarab Kapoor: Tarla Dalal influenced my cooking GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
      44 words
  • Page 28 Miscellaneous
    • Miscellaneous
      Lock icon Page 28 Miscellaneous Column 1
      341 28 CRYPTIC CROSSWORD Across 1 Unusually large component of motor vehicle (6) 4 Look at row on grandstand less full? (8) 9 Insect’s place revealed by entomologist ultimately (6) 10 Cruel article penned by trendy philosopher (8) 11 Report of former champion jockey in Midlands city (9) 13 Put soldiers around,
      341 words
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      50 29 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
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    Lock icon SHIPPING TIMES
    1323 29 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
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  • EDITORIAL & OPINION
    • Article
      Lock icon Govt reins in CPF-defaulting employers
      492 30 EDITORIAL IN the World Economic Forum’s annual assessment of country competitiveness, Singapore consistently ranks among those with the best employment practices, placing high in the top 10 on just about every measure of labour market efficiency. Interestingly though, the same survey in the 2013 Global
      492 words
    • Article
      Lock icon Foreign PMEs: Make firms pay tax equal to CPF rate
      771 30  -  THE BOTTOM LINE By SUSAN TSANG The writer is a Singaporean freelance writer A CHEER for the Ministry of Manpower! It has cut back on the employment passes and will push for more productivi-ty-led growth. “We do need to tighten
      771 words
    • Article, Illustration
      Lock icon Eurozone trends towards re-nationalisation
      947 30  -  Good if the trend continues, otherwise it risks becoming stuck in an unstable status quo DANIEL GROS The writer is director of the Centre for European Policy Studies Project Syndicate THE purpose of the euro was to create fully integrated financial markets; but, since the start
      Project Syndicate; PHOTO: REUTERS  -  947 words
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      Lock icon Japan’s free press under threat
      1214 31  -  Proposed law says journalists must not engage in ‘inappropriate methods’ in conducting investigations of govt policy ANTHONY ROWLEY Tokyo Correspondent THE press in Japan is up in arms against perceived attacks on its freedom by Prime Minister Shinzo Abe’s government, while in Britain the journalistic
      PHOTO: REUTERS  -  1,214 words
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      Lock icon Undramatic outcome for China’s 3rd plenum
      398 31  -  REUTERS BREAKINGVIEWS By JOHN FOLEY CHINA’S third plenum was a study in anti-performance. This meeting of the ruling party’s top figures traditionally gives each new generation of leaders an opportunity to make big gestures. What emerged on Nov 12 was only promising policies wrapped
      PHOTO: REUTERS  -  398 words
    • Article
      Lock icon Reform roadmap for next 10 years
      213 31 CHINA’S ruling party pledged to let markets play a “decisive” role in allocating resources as it unveiled a reform agenda for the next decade on Nov 12. It also announced the formation of a central working committee to oversee improvements to the economy. The
      213 words
    • Article
      Lock icon The contrasting R and C in BRIC and the missing I
      774 31  -  By JIM O’NEILL The writer, a former chairman of Goldman Sachs Asset Management, is a Bloomberg View columnist Bloomberg I SPENT last week in Indonesia, working on a series for BBC Radio about four of the world’s most populous
      Bloomberg  -  774 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3095 32 Transaction date: Nov 13 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 15 11.5 8Telecom Last Sale Vol Day Last Quote ('000) High Low Buyer Seller Div Gr Yld 188 106 AIMSAMPIReit
      3,095 words
    • Article
      Lock icon SGX CATALIST
      223 33 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 2.4 1.2 t Advanced System 1.2 unch 2855 1.3 1.2 1.2 1.3 19.1 Last Quote Div Gr Yld Net M Cap High
      223 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11400 33 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited Global Emerging Markets!** EM Local Ccy Bond 0.8916/ European Opportunities 1 1 2657/ Global Emerging Markets!** Global
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    • Article
      Lock icon GLOBALQUOTE
      262 33 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 27 AVJennings A58 +1.5 8 58 56 57 59 3.6 6 4.7 214.7 52 31 Genting HK US$ US41 unch 4130 41.5 41 40.5 41 2699.7
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    • Article
      Lock icon SGX ETF
      871 33 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 125 107.1 ABF SG Bond ETF Last 143 125 CIMB APAC Div 100S$D 129 126.8 127.7 114.4 99.2 CIMB APAC Div 100US$ US103.6 101.4 102.1 10.9
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      655 34 Nov 13 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.97 *****.53 *****.92 Dec13 *****.00 *****.00 *****.00 *****.00 *****8 *****4 Mar14 *****.00 *****.00 *****.00 *****.00 38 360 MSCI TAIWAN INDEX FUTURES SPOT 289.70 289.70 285.93 Nov13 289.60 289.70 285.00 285.80 ***** *****8 Dec13 288.10
      655 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 34 In local curr In S$ In US$ dy yr dy yr dy yr Nov 12 Index Change Change Change Change Change Change World Preliminary 1141.7 -0.1 21.7 0.0 22.2 -0.2 19.4 EAFE Preliminary 931.5 0.1 20.3 0.1 18.4 0.0 15.7 Europe Preliminary 1336.3 -0.3 16.5
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 34 Nov 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.975 5.661 0.692 7.206 59.105 107.764 0.925 9.971 2.985 1.131 99.897 40.645 1.161 9.631 0.853 27.511 29.369 0.585 0.929 Canada 1.026 5.809
      471 words
    • Article
      Lock icon SIBOR
      40 34 Nov 13 (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.***** 3 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 34 Nov 13 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****A 16-May-14 0.27 1-Year BY*****T 31-Oct-14 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.88 101.96 101.91 5-Year N*****0T 0.5 01-Apr-18 99.59 99.71 99.70
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    • Article
      Lock icon PRECIOUS METALS
      135 34 Nov 13 GOLD(US$/oz) Oct 12 Nov 13 Hong Kong 1287.00 1281.00 Nov 11 Nov 12 London 1282.20 1274.76 1283.00 1275.53 Source: Thomson Reuters CAST BAR Nov 13 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 115 51 5gm 326 254 10gm 582 509
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    • Article
      Lock icon PALM OIL
      59 34 Nov 13 Nov 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 13 2590.0 2589.0 2625.0 2590.0 93 1628 Dec 13 2604.0 2597.0 2623.0 2565.0 1522 ***** Jan 14 2615.0 2599.0 2627.0 2565.0 ***** ***** Feb 14
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 34 Nov 13 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1604 1.1613 0.9292 0.9296 Canadian dollar 1.1908 1.1914 0.9537 0.9536 Euro 1.6768 1.6774 1.3427 1.3428 NZ dollar 1.0261 1.0267 0.8217 0.8219 Sterling pound 1.9833 1.9845 1.5882
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    • Article
      Lock icon CHICAGO BOT
      110 34 Nov 12 Nov SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 13 1319.25 1308.00 1325.00 1304.00 Jan 14 1314.50 1301.00 1319.75 1295.50 Mar 14 1296.50 1281.75 1302.50 1275.75 May 14 1277.00 1262.50 1283.75 1254.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec
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    • Article
      Lock icon LIFFE
      95 34 Nov 12 COCOA (£/tonne) Close Prev High Low Dec 13 1683 1659 1704 1654 Mar 14 1688 1665 1706 1659 May 14 1685 1665 1703 1660 Jul 14 1682 1663 1699 1659 COFFEE(US$/tonne) Close Prev High Low Nov 13 1485 1488 1485 1485 Jan 14 1495 1498 1502 1481
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1130 34 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 0.4 1 123 448 56.25 6 Acma Ltd W*****7 Price Prem Ascendas Reit MB ECW*****3 2.9 0.2 240 4 Asiatic Grp(Hldgs) Ltd W*****5 Expiry
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 34 CRUDE OIL PRODUCTS Nov 12 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.32 0.47 WTI (Near Mth) 92.98 -2.18 Dubai (1-Mth F) 102.94 0.59 Tapis blend 110.99 0.71 Minas 105.19 0.71 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.58 0.47 Jet Kerosene 120.64 0.37 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 34 Nov 13 S$ Bid Offer 1-month 1.2488 1.2492 2-months 1.2487 1.2491 3-months 1.2487 1.2491 6-months 1.2483 1.2488 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 34 Nov-12 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1753.25 1763.00 3 months 1800.00 1809.00 Copper, Grade A(US$/tonne) Cash 7119.00 7167.50 3 months 7120.00 7173.00 Lead(US$/tonne) Cash 2087.25 2107.50 3 months 2107.00 2127.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 34 As at 9am Nov 13 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.188 1.132 Can dollar 1.212 1.166 Euro 1.717 1.636 Sterling pound 2.022 1.945 NZ dollar 1.050 1.010 US dollar 1.274 1.214 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      157 34 Nov 13 $S Offer Bid 0vernight 0.50 0.375 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.4375 US$ 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
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  • PROPERTY
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      Lock icon Helping foreign clients buy a piece of NY real estate
      915 35 Real estate agent Gennady Perepada tries to cater to their every need NYT [NEW YORK] It takes a certain kind of person to regard luxury real estate in New York as cheap, maybe even embarrassingly cheap when compared with other
      NYT  -  915 words
    • Article
      Lock icon US farmland buyers still in buying mode
      572 35 Reuters [CARLINVILLE, Illinois] Buyers of US farmland appear undaunted by falling grain prices, paying top dollar for prime parcels coming up at autumn auctions although showing a more cautious tone than in recent years, farmland auction participants said at a sale last week.
      Reuters  -  572 words
    • Article
      Lock icon Househunt
      493 35 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 23 WITH CONTRACT DATES BETWEEN OCT 9 AND OCT 15, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Interlace Apt 14/10/2013 99 1873 2403 1283 District 5 NON-LANDED Village Pasir
      493 words
    • Article, Illustration
      Lock icon 1 World Trade Center wins claim as tallest tower in US
      675 35 Building’s 124-m spire deemed part of architecture Bloomberg [NEW YORK] Lower Manhattan’s 1 World Trade Center was deemed the tallest tower in the US by the Council on Tall Buildings and Urban Habitat, which ruled that the skyscraper’s 124-metre
      Bloomberg; PHOTO: AP  -  675 words
    • Article, Illustration
      Lock icon Vacated Citi space at Millenia Tower taken up
      736 36  -  Lease on 143,000 sq ft, under bank’s final phase of exit, expires next month By KALPANA RASHIWALA kalpana@sph.com.sg REFLECTING resilient demand for secondary office space vacated in older but choice office buildings, all of the 143,000 square feet under Citi’s lease at
      736 words
    • Article, Illustration
      Lock icon 150 units sold at Alex Residences
      372 36  -  By KALPANA RASHIWALA kalpana@sph.com.sg SINGAPORE Land sold 150 units yesterday at the 99-year Alex Residences condominium near Redhill MRT Station, out of 200 units the group released in the 429-unit project. The average price is $1,650 per square foot. Said Michael Ng, group general
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    • Article
      Lock icon NZ central bank sees signs of mortgage curbs starting to work
      567 36 Evidence includes a fall in home building approvals Bloomberg [WELLINGTON] New Zealand’s central bank said that it sees signs that mortgage lending restrictions introduced last month to prevent a housing bubble are starting to work. A fall in home-building
      Bloomberg  -  567 words
    • Article
      Lock icon Global property measurement standard to be ready next year
      631 37  -  It will standardise the way valuation is conducted around the world By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] A new property measurement standard, which will standardise the way valuation is conducted around the world, could be rolled out as early as June next
      631 words
    • Article
      Lock icon HK’s Causeway Bay remains world’s priciest retail district: survey
      310 37 Reuters [LONDON] Hong Kong’s Causeway Bay shopping district has broken the US$3,000 per square foot barrier for the first time in 25 years to retain its billing as the world’s most expensive retail area, according to a survey by property consultant
      Reuters  -  310 words
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      Lock icon Page 36 Advertisements Column 1
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