The Business Times, 20 November 2013

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Microfilm: NL32874
Total Pages: 33
1 34 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 Wednesday, November 20, 2013
    25 words
  • Article, Illustration
    Lock icon New frontier for green townships
    934 1  -  Draft Master Plan 2013 focuses on more housing options and green spaces, quality jobs near homes By ongch@sph.com.sg ONG CHOR HAO ongch@sph.com.sg [SINGAPORE] The blueprint governing Singapore’s development over the medium term identifies Holland Village, Kampong Bugis and Marina South as districts that will provide
    BT Graphics: Patricia P. Husada; Source: URA  -  934 words
  • Article
    Lock icon ICE turns up heat on Singapore commodity markets
    580 1  -  It agrees to acquire SMX and its clearing arm for US$150m By kenlim@sph.com.sg KENNETH LIM ken|im@sph.com.sg [SINGAPORE] Singapore’s growing status as a commodities trading hub has drawn global heavyweight IntercontinentalExchange Group Inc (ICE), which will fork out US$150 million to acquire commodities
    580 words
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      118 1 COMPANIES High dividend yield, rising S$ main attractions of S’pore market PAGE 6 TRANSPORT HUB Strait Talk: Supporting the Filipino seafarer PAGE 24 EXECUTIVE MONEY Don’t fear the big, bad tapering page 32 BANKING Credit Suisse steps up lending to Asia’s super rich PAGE 5 The leading Swiss private banking
      118 words
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      35 1 MORE REPORTS, PAGE 4 ~Holland V to be extended, with mixed devt project ~9,000 private homes to come up in Marina South ~Making Kampong Bugis a model precinct ~Some JTC-owned factories may have to relocate
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      464 2 Green townships, commercial centre in draft Master Plan THE blueprint for Singapore’s development over the medium term identifies new districts that will provide 14,500 homes and 100,000 jobs in Woodlands Regional Centre. FRONT PAGE ICE turns up heat on Singapore commodity markets SINGAPORE’S growing status as a commodities
      464 words
    • Article
      Lock icon OECD lowers global growth forecast
      800 2  -  Structural reforms critical for Japan, the eurozone and emerging economies By in ANTHONY ROWLEY in Tokyo STRIKING a distinctly cautious note about global economic prospects, the Organisation for Economic Co-op-eration and Development (OECD) announced yesterday a “significant” downward revision of its earlier growth forecasts for
      800 words
    • MARKETS DIGEST
      • Article
        Lock icon FOREX
        66 2 HST INDEX 3,192.08 (-10.95) HST INDEX FUTURES 3,192.00 (-11.00) HSIMSCI 368.33 (-1.58) HSIMSCI FUTURES 368.90 (-1.40) FOREX US$ S$ US$ (S$ per US$) 1.244 (US$/S$ per 1.612 2.005 EURO (US$/S$/€ 1.353 1.683 Foreign currency per US$ S$ YEN 99.70 80.20 RM 3.183 2.559 HK$ 7.752 6.233 BAHT 31.59 25.38
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      • Article
        Lock icon MARKETS
        48 2 Tuesday Change KL COMP 1,807.16 +14.77 NIKKEI 225 15,126.56 -37.74 HANG SENG 23,657.81 -2.25 SET INDEX 1,412.44 -11.52 JAKARTA COMP 4,398.34 +4.74 MANILA COMP 6,267.85 -75.40 SEOUL COMP 2,031.64 +20.83 SHENZHEN B 862.93 +8.50 MUMBAI IND 20,890.82 +40.08 11am EST Change DOW 16,007.02 +31.00 NASDAQ 3,954.53 +5.46
        48 words
      • Article
        Lock icon PRIME RATES
        20 2 SINGAPORE MALAYSIA HONG KONG INDONESIA 5.38 6.55 5.00 14.649 TAIWAN US JAPAN 1.475 SWITZERLAND 9.33 BRITAIN Source: Bloomberg
        20 words
    • Article
      Lock icon Correction
      30 2 IN “Going international to compete locally” (BT, Nov 19), we inadvertently gave the wrong impression that Rajan Menon has left RHTLaw Taylor Wessing. We are sorry for the error.
      30 words
    • Article, Illustration
      Lock icon Holland V to be extended, with mixed development project
      583 4  -  Streetscapes, urban village vibe, eclectic mix of retail shops and services will be preserved Reports by MINDY TAN tanmindy@sph.com.sg [SINGAPORE] Plans to extend Holland Village are afoot, with a 6 ha extension to be anchored by a mixed development, which will
      BT Graphics: Ludwig Ilio; Source: URA  -  583 words
    • Article
      Lock icon JTC factories in Kadut, Yew Tee, Kranji face relocation
      784 4  -  Sites affected under land-use changes in new Master Plan By FELDA CHAY feldac@sph.com.sg [SINGAPORE] Businesses located in JTC-owned factories in the Sungei Kadut, Yew Tee and Kranji areas may have to relocate as part of changes Singapore will undergo according to
      784 words
    • Article
      Lock icon 9,000 private homes to come up in Marina South
      417 4 Development to start after 2017/2018 [SINGAPORE] A tract of waterfront land spanning 1,000 ha, referred to as the Greater Southern Waterfront in the Draft Master Plan 2013 of the Urban Redevelopment Authority (URA), will be the next major growth area in
      417 words
    • Article
      Lock icon Kampong Bugis: Model for fewer cars, sustainable water practices
      360 4  -  Development of the 18 ha of land may begin after 2016 By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] The Urban Redevelopment Authority (URA) has a vision for Kampong Bugis, and it is to turn it into a precinct with fewer cars, where commuters
      360 words
    • Article, Illustration
      Lock icon Credit Suisse steps up lending to Asia’s super-rich
      795 5  -  By SIOW LI SEN By lisen@sph.com.sg [SINGAPORE] Credit Suisse is ramping up to grab a bigger share of the private banking business in Asia by channelling more resources to increase lending to the tycoons in the region. “Lending is an important part
      PHOTO: REUTERS  -  795 words
    • Article
      Lock icon Strong rural growth a major economic driver for India
      678 5  -  Huge population base, rising incomes a big draw for firms By NEETA LAL in New Delhi INDIA’S rural areas, where an estimated 840 million people live, have become a major economic driver for the country, growing at 6.2 per cent CAGR
      678 words
    • Article
      Lock icon Changi Airport unit joins race to operate 2 Brazil airports
      555 5  -  Winning bid for Rio de Janeiro airport’s 25-year concession to be announced on Friday By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Changi Airports International (CAI) has teamed up with Brazil’s Odebrecht group to bid for the rights to operate two airports in
      555 words
    • Article
      Lock icon OGX, Petronas may go to arbitration
      504 5  -  Petronas says it’s awaiting OGX’s debt restructuring By S JAYASANKARAN in Kuala Lumpur MALAYSIA’S state oil firm Petroliam Nasional (Petronas) has rescinded a US$850 million agreement with Brazil’s OGX Petroleo Gas Participacoes SA to buy a 40 per cent interest in two of its
      504 words
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      99 2 s? vS> ss w 0 v I 0 s Va (Si Si (Si SINGAPORE JAKARTA BANGKOK PARAGON T: (65) 6333 6663 GALLERIA GRAND HYATT T: (6221) 3983 8810 SIAM PARAGON T: (662) 610 9883 WWW.YAFRIRO.COM ANTOINE MARTIN swiss contemporary watch manufacture Exclusively at Yajriro Tourbillon Quantieme Perpetual The Calibre AM39.002,
      99 words
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      78 3 We look forward to shopping holidays, not realising that retail therapy begins at the airport. Get a head start on your holiday at Changi Airport. With over 350 retail stores to indulge in, tax-free purchases and a 30-day money back guarantee, you'll be amazed at what you've been missing out!
      78 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon High dividend yield an attraction in 2014: HSBC
      684 6  -  Appreciating Sing dollar expected as MAS maintains a tightening bias By ANGELA TAN angelat@sph.com.sg A HIGH dividend yield, coupled with an appreciating Singapore dollar, will probably be one of the main attractions of the Singapore stock market in 2014, HSBC said in
      PHOTO: REUTERS  -  684 words
    • Article, Illustration
      Lock icon StarHub picks WeChat as its messaging ally
      513 6  -  Its 30-day WeChat plan is same as SingTel’s WhatsApp plan By JOYCE HOOI joyceh@sph.com.sg STARHUB has responded to SingTel’s WhatsApp throwdown with a comeback of its own a tie-up with Chinese messaging behemoth WeChat for its prepaid customers. This alliance the first one
      Source: StarHub's quarterly earnings  -  513 words
    • Article
      Lock icon GIC, Ascendas set up Indian property fund
      344 9 Investment target of $600m to meet rising commercial real-estate demand Bloomberg GIC, Singapore’s sovereign wealth fund, and Ascendas plan to invest as much as $600 million in Indian real estate to meet rising demand for commercial property. The companies set up the Ascendas
      Bloomberg  -  344 words
    • Article
      Lock icon BRC Asia’s full-year earnings hit record $35.7m
      267 9  -  By KELLY TAY kellytay@sph.com.sg THANKS to the booming local construction sector, prefabricated steel reinforcement provider BRC Asia’s net profit more than doubled to $35.7 million, from $16.5 million, for the financial year ended Sept 30, 2013. The figure BRC Asia’s highest net profit
      267 words
    • COMPANY BRIEFS
      • Article
        Lock icon PhillipCapital acquires Finansa Life Assurance Thailand
        33 9 PHILLIPCAPITAL has expanded its operations in Thailand with the acquisition of 97.9 per cent of Finansa Life Assurance, which was converted into a public company last week.
        33 words
      • Article
        Lock icon MoneyMax added to MSCI Singapore Micro Cap Index
        39 9 MONEYMAX Financial Services has been included in the listing of the MSCI Singapore Micro Cap Index. MoneyMax, which completed its IPO in August, is among 19 companies added to the index.
        39 words
      • Article
        Lock icon Swissco orders new vessels worth $35m
        56 9 SWISSCO Holdings, a marine service provider for the shipping and offshore oil and gas industries, has placed orders for three vessels worth a total of $35 million, consisting of two anchor handling tug supply vessels and one multi-purpose utility tug. The new vessels are
        56 words
      • Article
        Lock icon ST Electronics sells stake in Trusted Hub
        76 9 SINGAPORE Technologies Engineering announced yesterday that its electronics arm, Singapore Technologies Electronics, has sold its entire 21.13 per cent equity stake in Trusted Hub (THub) to THub’s existing shareholder and president Wong Yaw Ming, for a cash consideration of $1.2 million. The divestment
        76 words
      • Article
        Lock icon Rickmers Maritime establishes $300m programme
        54 9 RICKMERS Trust Management, the trustee-manager of Rickmers Maritime, announced the establishment of a $300 million multi-currency medium term note programme yesterday. DBS Bank and HSBC have been appointed to act as joint arrangers and dealers of the programme, which has already received an in-principle approval
        54 words
    • Article, Illustration
      Lock icon Bull Charge gets 6 ‘diamond’ sponsors
      243 9  -  By ARTHUR LEE arthurl@sph.com.sg SINGAPORE Exchange’s Bull Charge, an annual charity run that turns 10 this year, has found support from six companies as Diamond Bull sponsors. The six, which donated $100,000 each, are: Binjai Tree, Cisco Systems, HCL, Noble Group, Thai Beverage and
      PHOTO: ARTHUR LEE  -  243 words
    • Article
      Lock icon First Ship Lease Trust’s S&P ratings lowered
      353 9  -  Rating agency’s move follows loan covenant breach By CARINE LEE carinel@sph.com.sg STANDARD Poor’s (S&P) Ratings Services yesterday lowered the long-term corporate credit rating of First Ship Lease Trust (FSL) to “B-” from “B”. S&P also lowered the long-term Asean regional scale rating on
      353 words
    • Article
      Lock icon United Engineers plans exit offer to delist WBL
      302 9  -  By LEE U-WEN leeuwen@sph.com.sg UNITED Engineers, which together with concert parties own some 96.3 per cent of WBL Corporation following an offer through UE Centennial Venture, now wants to delist the tech, auto and property group from the Singapore Exchange (SGX). WBL
      302 words
    • Article
      Lock icon Nine-months and Q3 results ended Sept 2013
      4264 10 9 months ended Sept 2013 NET PROFIT TURNOVER CURRENT PREVIOUS CURRENT PREVIOUS CHNG CHNG (S$m) (S$m) 3 months ended Sept 2013 NET PROFIT TURNOVER CURRENT PREVIOUS CURRENT PREVIOUS CHNG CHNG (S$m) (S$m) 1 DBS Grp 2699.0 2599.0 3.8 6776.0 6105.0 11.0 862.0 856.0
      4,264 words
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      89 6 Convenience Airbus Flights Baggage!I TT'i md w Warm, Delightful Service strived Seats On Selected Class lnfl 'Sht Entertain ment uc v'* •iHintinimnii, niiinninnn in nun •wv i Daily 9 flights SIN to Jakarta Daily 2 flights SIN to Bali III Daily 1 flight SIN to Surabaya Additional 10 kg check-in
      89 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      68 6 16 18 July 2014 Marina Bay Sands, Singapore r b ASIA www.OfficExpoAsia.com Singapore’s finest dedicated event for total office and business solutions Be involved. Exhibit with Us. Email: OEA@bizlink.com.sg Tel: (65) 6848 5938 Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sfh Blk 8 Lorong Bakar Batu, #07-07
      68 words
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      Lock icon Page 6 Advertisements Column 3
      226 6 InvestorRelationsHighlights Jason Marine posted 1H FY14 profit of S$1.1m, turnaround driven by 57% increase in revenue Jason Marine Group Limited (“JMG”) is a leading marine electronics systems integrator and support services provider with a global customer base. For its recently announced first-half financial results ended 30 September 2013, JMG achieved
      226 words
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      299 7 HAFARY HOLDINGS LIMITED Heartiest Congratulations on the grand opening of Hafary Gallery at 105 Eunos Avenue 3 Singapore *****6. P fell r. l7 *1 v~ I iv T, rt 1 rfV m V L 1 if ifh'i n vi f /PfM f I Hill 1 SINGAPORE *****b 105 EUNOS AVE
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Another lethargic, featureless session
      580 8  -  STI loses 10.95 pts; local market fails to take lead from others, especially HK and China STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent AN unsurprisingly lethargic session yesterday ended with the Straits Times Index falling 10.95 points down to 3,192.08, with a poor 1.7 billion units worth
      Source: Bloomberg  -  580 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 7 1 0 0 0 6 7 1 Manufacturing 40 50 42 5 9 10 45 59 52 Commerce 26 25 11 0 6 6 26 31 17 Tpt/Stor/Comms 9 20 11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,611 10,611 53,902 53,902 Manufacturing 261,561 142,189 403,750 167,715 5,006 172,722 Commerce 199,483 141,521 341,004 63,249 11,157 74,406 Tpt/Stor/Comms 98,816 24,978 123,794 134,635 3,499 138,134 Finance 88,418 371 88,789 119,044 132 119,176 Construction 35,311 32,755
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      116 8 Stock name Close Change CapMallsAsia 2.040 -0.040 CapitaLand 3.100 CapitaMall 1.975 -0.015 CityDev 10.24 +0.030 ComfortDelGro 1.925 +0.010 DBS Grp 16.95 -0.050 GLP 3.000 -0.070 Genting SP 1.445 -0.010 Golden Agri 0.595 -0.015 HK Land 6.190 -0.080 HPH Trust US$ 0.700 +0.015 JMH 53.88 +0.880 JSH
      116 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 Nov 19 VALUE CLOSE BT OB/OS -350.00 -99.00 BT CADI -*****.00 -88.00 BT 10-day MA -*****.00 -35.00 FTSE ST Mid Cap 731.03 -1.08 FTSE ST Small Cap 535.07 -1.07 FTSE ST All Share 773.82 -2.31 FTSE ST China Top 202.23 -0.17 FTSE ST China 230.65 -0.57 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      53 8 VOLUME SingHaiyi 125,703,000 KLW Hldgs 107,008,000 AdvanceSCT 76,740,000 Innopac 75,110,000 Blumont 70,355,000 Sunmoon 55,287,000 Vallianz Hldgs 50,071,000 Albedo 47,861,000 Digiland 37,000,000 Transcu Grp 30,024,000 VALUE($) SingTel 78,458,345 Wilmar 49,382,870 DBS Grp 48,042,760 Keppel Corp 35,771,420 People's Food 35,503,240 UOB 30,518,550 GLP 27,247,665 SuntecReit 26,765,540 CapitaLand 25,878,050 OCBC
      53 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      947 8  -  Compiled by KENNETH LIM Sin Heng Heavy Machinery Nov 19 close: S$0.21 AmFraser Research, Nov 19 SIN Heng is one of the leading heavy lifting service providers in Singapore, focusing on the mid- to high-lifting capacity segment. Its core business is in the renting and trading of cranes,
      Source: Bloomberg  -  947 words
    • Article, Illustration
      Lock icon South Korean won near 4-week high
      567 8 CURRENCIES Reuters [SINGAPORE] Capital inflows yesterday lifted most emerging Asian currencies on sustained expectations that the US Federal Reserve may keep its stimulus and as China’s reform plans bolstered risk appetite. The South Korean won rose for a fourth straight session, hoisted to a
      Reuters; PHOTO: BLOOMBERG  -  567 words
    • Article
      Lock icon RISES
      111 8 BY CENTS CLOSE UP JMH 5388 109.5 1.7 IS S&P500 ***** 46.0 0.2 DBXT FTChina25 10US$ 3106 37.3 1.0 DBXT FTVietnam 10US$ 2459 34.8 1.2 JSH 3281 32.3 0.8 Lyxor Korea 10US$ 570 32.3 4.8 Lyxor MS India 10US$ 1305 31.1 2.0 DBXT MSMSIA 10US$ 1522 29.9 1.6 Lyxor
      111 words
    • Article
      Lock icon FALLS
      117 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -113.2 -0.7 UOB.ES.1311 2112 -25.0 -1.2 DBXT MSTHAI 10US$ 2017 -22.4 -0.9 DBXT S&P500 10US$ 2944 -22.4 -0.6 UOB 2101 -19.0 -0.9 DBXT CSI300 10US$ 749 -14.9 -1.6 DBXT MSJAP 10US$ 4720 -14.9 -0.3 H Royal 310 -10.0 -3.1 SATS 310 -10.0
      117 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      213 9 1*1 4- &iS-£*lMA-AftA#fi<]A mmm i as&wxfm imim. rnmnam fljii®j£—! [±mm] msm > Ett3caE&WA£ffMI Wfi] itfe* fiHSI SIMSI Equatorial Hotel, Bangi, Malaysia SS1580 (4^3S^rft1i) e MH I a A irrm nra^inni Garden of Wisdom where relationships grow wnere reiationsni| Garden of Wisdom Sdn Bhd (*****5-U) 20C, Jalan 19/36, ***** Petaling Jaya,
      213 words
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      3476 11 1. 2. 2.1 2.2 2.3 2.4 3. 3.1 3.2 3.3 4. 5. 2 MANDATORY CONDITIONAL CASH OFFER by 6. CITY GREEN BUILD TECHNOLOGY PTE. LTD. (FORMERLY KNOWN AS CHINA GREEN BUILD TECHNOLOGY PTE. LTD.) (Incorporated in the Republic of Singapore) (Company Registration Number: *****9576G) 7 to acquire all the issued
      3,476 words
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  • SINGAPORE NEWS
    • Article
      Lock icon TWC2 unhappy with govt decision to defer payslips
      407 12  -  MOM urged not to accept ‘excuse’ that issuing payslips will add to a firm’s costs By LEE U-WEN leeuwen@sph.com.sg A LOCAL migrant workers’ group has expressed its disappointment at the government’s decision to hold off making it mandatory for employers to issue
      407 words
    • Article, Illustration
      Lock icon Ku De Ta can keep its name at MBS SkyPark
      767 12  -  Nine Squares did not hold marks on trust for partners of Ku De Ta Bali: court By GRACE LEONG gleong@sph.com.sg SWISH club Ku De Ta gets to keep its name at the Marina Bay Sands SkyPark after all. The High
      767 words
    • Article
      Lock icon Neste Oil to appeal against US cutback
      365 12  -  It says renewable diesel made at its S’pore plant ideal for US refiners By RONNIE LIM ronnie@sph.com.sg FINLAND’S Neste Oil, whose Singapore plant has grown to be its biggest biodiesel exporter to the US market, will appeal against a just-announced 8 per cent
      365 words
    • Article, Illustration
      Lock icon $30m career centre to open at NTU
      357 12  -  By VIVIEN SHIAO vshiao@sph.com.sg THE Nanyang Technological University (NTU) will be home to a first-of-its-kind career-development centre aimed at giving its students the tools to succeed in their future careers. The Margaret Lien Centre for Professional Success will run a mandatory four-year programme,
      357 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon ACRA issues alert on entity asking for info
        174 12 THE Accounting and Corporate Regulatory Authority (ACRA) has issued an advisory regarding an entity requesting verification of company information. An entity calling itself the “Singapore Company Register” has been emailing or writing to companies asking them to verify their company details with
        174 words
      • Article
        Lock icon A*Star, Finnish centre sign deal on R&D
        96 12 A*STAR’S Singapore Institute of Manufacturing Technology (SIMTech) has inked a memorandum of understanding with the VTT Technical Research Centre of Finland (VTT) to promote R&D in technology innovation and new capabilities development for the “Factories of the Future” (FoF). The initiative aims to
        96 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Malaysia’s not in danger of twin deficits
      539 13 [KUALA LUMPUR] Malaysia is not at risk of twin deficits, as the country is expected to maintain a healthy current account surplus while being on track to reducing its fiscal deficit, according to Minister in the Prime Minister’s Department Abdul Wahid Omar. “It
      539 words
    • Article
      Lock icon Yudhoyono deplores Abbott’s lack of remorse over spying
      392 13 AP [JAKARTA] Indonesia’s president said yesterday he deplored as remorseless the Australian prime minister’s statement about alleged wiretapping on his phone and said cooperation agreements between the near-neighbours would be reviewed. In Canberra, Australian Prime Minister Tony Abbott endorsed intelligence gathering in
      AP  -  392 words
    • Article
      Lock icon Bullish outlook on M’sian economy
      530 13  -  Economists upgrade forecasts on unexpectedly strong Q3 growth of 5% By in S JAYASANKARAN in Kuala Lumpur ECONOMISTS have turned more bullish on the Malaysian economy as a result of its unexpectedly strong showing in the third quarter. They have upgraded their forecasts, and one
      530 words
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      Lock icon Page 15 Advertisements Column 1
      40 15 LightLab develop tomorrow's green light sources LightLab is developing a new eco-friendly lighting technology; a technology that allows light to be produced energy-efficiently and without the use of mercury at a cost that makes it affordable for everyone. LfCHTLAB www.lightlab.se
      40 words
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      953 16 / 17 Celebrating IPfcf d 6?;;»5J1' I? a .cm l ~^*fnr i 3 -f** r-r 1 Tf% mt-. N_ M2»>a -'-v. I ats •<* Years of Nation-building Sofitel Dubai The Palm Resort Spa La Fiesta SkySuites 17 Steven Suites Trivelis Rosewood Suites llluminaire on Devonshire Parc Centennial Rhapsody on Mount Elizabeth Eldix
      953 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China seen boosting issue of asset-backed securities
      718 18 Quotas for firms to sell 300-400b yuan of paper expected in coming years Reuters [SHANGHAI] China is expanding asset securitisation on an unprecedented scale as the government looks to increase bank liquidity without expanding the money supply, market sources say. Regulators plan to
      Reuters  -  718 words
    • Article, Illustration
      Lock icon Dim sum bonds boost London global currency trading
      704 18 ICBC issues 2b yuan of dim sum notes in two parts in the city Bloomberg [SINGAPORE] China’s biggest lender went to London to sell its largest yuan bond offshore and the city plans a renminbi clearing system, giving it a boost over
      Bloomberg; PHOTO: REUTERS  -  704 words
    • Article
      Lock icon Sebi in move to improve corporate disclosures
      281 18 Reuters [MUMBAI] India’s capital market regulator said it would empower the country’s exchanges to enforce rules on corporate disclosures at listed companies, aiming to improve transparency, especially of market-sensitive information. The Securities and Exchange Board of India (Sebi) would allow the country’s stock
      Reuters  -  281 words
    • Article
      Lock icon China’s FDI up 5.8% at US$97b between Jan and Oct
      310 18 Reuters [BEIJING] China’s foreign direct investment inflows rose 5.8 per cent in the first 10 months of 2013 from a year ago, extending gains since March and underlining a reviving appetite from global investors as the world’s second-largest economy gained
      Reuters  -  310 words
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      1893 18 VIKING OFFSHORE AND MARINE LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****7300M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Viking Offshore and Marine Limited (the “Company”) will be held on 5 December 2013 at 4.00 p.m. at 21 Kian
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  • WORLD
    • Article
      Lock icon Coping with new rules will keep banks up
      279 19 Bloomberg [NEW YORK] Banks that best adapt to “relentless waves” of new rules from global regulators have the greatest chance of remaining competitive, according to Boston Consulting Group (BCG). Regulatory reform has added a multitude of complex and costly rules since the
      Bloomberg  -  279 words
    • Article, Illustration
      Lock icon 40 YEARS OF PAUL SMITH
      56 19 [LONDON] A mini vehicle in the colours of British fashion designer Paul Smith at an exhibition entitled ‘Hello, My Name is Paul Smith’ at the Design Museum, London. The exhibition, which runs till March 9, 2014, celebrates Mr Smith’s 40 years in the fashion and
      PHOTO: AFP  -  56 words
    • Article
      Lock icon Myanmar looks to private firms to improve dire air safety record
      500 19 They will be invited to upgrade and run 32 of the 69 airports Reuters [YANGON] Myanmar aims to lure private companies to upgrade and run nearly half its airports in a bid to spruce up its poor record on
      Reuters  -  500 words
    • Article
      Lock icon German investor confidence rises to highest in 4 years
      460 19 Bloomberg [FRANKFURT] German investor confidence rose to the highest level in more than four years, signalling that the economic recovery in Europe’s largest economy remains on track even after a third-quarter slowdown. The ZEW Center for European Economic Research in Mannheim
      Bloomberg  -  460 words
    • Article
      Lock icon CVC puts brake on F1 flotation plan
      346 19 Reuters [LONDON] Plans for a stock market flotation of Formula One motor racing remain stalled, its top shareholder said yesterday, as F1’s chief executive Bernie Ecclestone faces legal action that could break his long grip on the sport. Private equity fund CVC said
      Reuters  -  346 words
    • Article
      Lock icon Myanmar moves to kickstart stalled Dawei
      591 19 Project’s leader ITD, other firms told to stop activities at industrial complex Reuters [YANGON] Myanmar is set to wrest control of its Dawei industrial complex from Thai company Italian Thai Development (ITD) over its failure to attract investors to a strategically located, multibillion-dollar project
      Reuters  -  591 words
    • Article
      Lock icon UK’s Co-operative Bank rocked by drugs scandal
      381 20 AFP [LONDON] Britain’s Co-op-erative Bank, which prides itself on ethical investments, has been plunged deeper into crisis after its former chairman was filmed allegedly seeking to buy drugs. Paul Flowers a church minister apologised after allegations were published in The Mail on Sunday
      AFP  -  381 words
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      Lock icon US regulators see value in Bitcoin
      567 20 They signal their willingness to accept it as legitimate payment alternative NYT [NEW YORK] The virtual currency Bitcoin took a big step toward the mainstream on Monday as US federal authorities signalled their willingness to accept it as a legitimate payment alternative. A number
      NYT  -  567 words
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      Lock icon JPMorgan wraps up US$13b deal over bond sale probes
      490 21 Biggest settlement by US bank is on top of US$1.8b in unrelated fines Bloomberg [NEW YORK] JPMorgan Chase Co has resolved the last obstacles to a record US$13 billion settlement of civil state and US probes over the sale of mortgage
      Bloomberg  -  490 words
    • Article
      Lock icon Sony hires Bain to find US$100m in cuts: source
      390 21 Bloomberg [TOKYO] Sony Corp, which meets investors this week about improving the company’s entertainment unit performance, has hired Bain Co to identify US$100 million in cuts, a person familiar with the situation said Sony chief executive officer Kazuo Hirai is hosting
      Bloomberg  -  390 words
    • Article
      Lock icon No takers for Tokyo job to build world’s biggest fish market
      379 21 Higher wages, rising costs of materials putting builders off Bloomberg [TOKYO] The city’s Metropolitan government failed to find builders for a new market in Tokyo Bay to replace Tsukiji, the world’s biggest fish market, amid rising material prices and
      Bloomberg  -  379 words
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      128 19 OPENS TOMORROW S FUJIAN COMMODITIES EXPO SINGAPORE iff M M 4* M Asia Expo Singapore 21 23 NOVEMBER, 2013 sands expo convention center, marina bay sands, Singapore N y BABY PRODUCTS STATIONERY r m A v HI ELECTRONIC PRODUCTS smisisimajs SPORTING AND OUTDOORGOODS .V, FOODSTUFFS SOURCE FROM OVER 250 LEADING
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      1565 20 WATO NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Commonwealth Bank of Australia A.C.N. 123 123 124 COMMONWEALTH BANK OF AUSTRALIA FINANCIAL YEAR ENDED 30 JUNE 2013 All amounts are expressed in Australian dollars Income Statements For the year ended 30 June 2013 Group Bank 2013 2012 2011 2013 2012 $M
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      15 20 ^%>\_@:/>+;+<}:@\)~>>*]("]:!=(( Call 1800 289 8822 or e-mail notices@sph.com.sg to place your AGM EGM Notices CLA/FEB1 1/g
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      485 20 INTHEMATTEROF THECOMPANIESACT,CAP.50 AND INTHEMATTEROF SINHUAT(1972)PRIVATELIMITED (CoRegistrationNo.*****1382Z)(IncorporatedinSingapore)(InMembers’VoluntaryLiquidation) NOTICEOFRESOLUTION At an Extraordinary General Meeting of Sin Huat (1972) Private Limited, duly held at 808 French Road, #05-165, Kitchener Complex, Singapore *****8 on 18 November, 2013 the following resolutions were duly passed: ResolvedasSpecialResolutionsThat the company be wound up voluntarily pursuant to Section 290(1)(b)
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      377 21 R^t A Lk c V 1 I V h ft--** ft t A ft: Satisfy your palate with the delicately crafted Fine Cuts menu at Equinox Restaurant. Featuring some of the world's finest beef and artisan products including Angus beef, Iberico pork and Canadian organic chicken, the menu also offers
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  • EDITORIAL & OPINION
    • Article
      Lock icon Lessons from the Haiyan experience
      495 22 EDITORIAL FINALLY, life-saving aid is reaching the victims of typhoon Haiyan in the Philippines more than a week after the greatest-ever storm of its kind ravaged the province of Leyte and the town of Tacloban in particular. But the Philippine government’s approach and response to
      495 words
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      Lock icon Moscow steps up ties with China’s neighbours
      800 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 CHINA is dramatically increasing its imports of crude oil from Russia and the two countries seem to be on the verge of huge deals
      800 words
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      Lock icon Billionaire problem remains in Xi’s way
      928 22  -  The best thing for him to enliven the economy would be to clamp down hard on graft WILLIAM PESEK The writer is a Bloomberg View columnist Bloomberg THE world appeared to change on Nov 15, the day bold and epochal reforms were unveiled that
      Bloomberg; PHOTO: REUTERS  -  928 words
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      Lock icon Eurozone policies are working
      1431 23  -  Economic figures show that on the whole, performance of the eurozone countries has improved By JOERGEN OERSTROEM MOELLER The writer is visiting senior research fellow, Institute of South-east Asian Studies and Adjunct Professor, Singapore Management University Copenhagen Business School THE eurozone is emerging from a major
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      Lock icon Simultaneous EU-wide polls will keep projects on track
      749 23  -  By ANA-MARIA LLOPIS RIVAS The writer is non-executive chairwoman of the board of the Spanish discount retailer Distribuidora Internacional de Alimentación (DIA Group), a non-executive board director of Société Générale, and founding chairwoman of ideas4all.com Project Syndicate THE European Union (EU) is
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  • Transport HUB
    • Article
      Lock icon Supporting the Filipino seafarer
      665 24  -  A quarter of the world’s 1.5m seamen are Filipinos; industry-wide help for those affected by Typhoon Haiyan has been huge STRAIT TALK By DAVID HUGHES SINGAPORE has already contributed generously and effectively, at government, corporate and private levels, to the international response to the devastation wrought
      665 words
    • Article
      Lock icon Rates for Gulf oil products tankers rally on fresh sales
      897 24 MR tanker rates hit $17,465 a day, a new high since 2012 Reuters [LONDON] Clean tanker rates on major export routes were mostly lower on Monday although strong cargo bookings from the US Gulf sent earnings for shipments from that
      Reuters  -  897 words
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      Lock icon Spain to appeal for damages over oil spill
      361 24 AFP [MADRID] Spain will appeal for damages over the Prestige tanker disaster which choked its northwest coast in oil, the government said on Monday, after a court acquitted all defendants of causing the spill. The court yesterday acquitted the ship’s crew and
      AFP; PHOTO: AFP  -  361 words
    • Article
      Lock icon GDF, Total, H&F plan Feb IPO for LNG membrane unit: report
      409 24 Offering could value GTT at up to US$2.4b, say sources Reu ters [PARIS] French utility GDF Suez, oil firm Total and private equity fund Hellman Friedman (H&F) plan a February initial public offering (IPO) for their joint-ly-owned unit GTT,
      Reuters  -  409 words
    • Article
      Lock icon TRANSPORT STOCKS
      248 24 SGX '000 Nov 19 S$ +/-Vol Ch Offshore 0.42 -0.01 44 Chuan Hup Hldg 0.26 unch 80 Nov 19 Cwt Limited 1.28 unch 137 First Ship Lea unch unch 0 Freight Links Chuan Hup Hldg Grand Banks 0.23 unch 159 Jaya Hold Ltd 0.67 -0.01 154 K1Ventures ...0.73
      248 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Profitability in 2014 unlikely as MAS posts RM376m Q3 loss
        508 25  -  Carrier’s shares down 6% as analysts downgrade stock to ‘sell’ By PAULINE NG in Kuala Lumpur FOLLOWING unexpected losses in the third quarter, Malaysia Airlines (MAS) is not expected to return to profitability next year with continued pressure on yields.
        PHOTO: BLOOMBERG  -  508 words
      • Article
        Lock icon Pilots on autopilot cause plane safety to be up in the air
        509 25 WP [WASHINGTON] Airline pilots have lost flying skills as automation takes over mundane tasks and may be startled when systems don’t behave as expected, both of which have contributed to crashes, a US government and industry report concluded.
        WP  -  509 words
      • Article
        Lock icon Qatar, Emirates reap economies of scale from purchase pact
        697 25 They negotiated a deal for as many as 250 B777 planes Bloomberg [DUBAI] Qatar Airways Ltd said that it jointly negotiated a deal for as many as 250 of Boeing Co’s new 777 planes with Dubai-based Emirates, putting old rivalries aside
        Bloomberg  -  697 words
      • Article, Illustration
        Lock icon Air NZ share sale adds NZ$365m to govt coffers
        358 25 Bloomberg [WELLINGTON] New Zealand’s government raised NZ$365 million (S$378.4 million) from the sale of shares in Air New Zealand Ltd, completing the third of four planned asset sales before next year’s election. The government sold 221 million shares at NZ$1.65 apiece,
        Bloomberg; PHOTO: BLOOMBERG  -  358 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Audi needs to put pedal to the metal for pole position
        852 26 Volkswagen’s profit driver careens in tailwind of BMW and Mercedes Benz Reuters [BERLIN] German luxury carmaker Audi has boasted Vorsprung durch Technik advancement through technology as its slogan since the 1970s. But signs are growing it is losing sight
        Reuters; PHOTO: REUTERS  -  852 words
      • Article
        Lock icon Japan offers US magnetic levitation train technology
        664 26 The technology will ease congestion in crowded north-east NYT [TSURU, Japan] As the world’s fastest train raced through the mountains of central Japan, former governor George Pataki of New York hoisted his six-foot-five frame into the aisle, lifted his hands from his seat
        NYT  -  664 words
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  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      333 25 CRYPTIC CROSSWORD Across 1 Horse has to strike, losing lead (7) 5 Soaps following end of Scrubs including Hospital (7) 9 More insignificant rubbish about Latin (7) 10 more relevant subsequent to Church Synod perhaps (7) 11 Plant seeds while ignoring hard ground (9) 12 Accordingly American embraces American composer
      333 words
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      664 26 A special feature brought to you by r STJOBS.sc 00 Po°o<Po INNOVATE OR LOSE OUT! BY: LOOI QIN EN, OSWALD YEO AND SEAH YING CONG It is no surprise that innovation is essential for any successful company to thrive today. In the Singapore Budget Speech, delivered in Parliament on 25
      664 words
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  • Article
    Lock icon SHIPPING TIMES
    2405 27 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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      43 27 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times
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      Lock icon Page 27 Advertisements Column 2
      18 27 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE the business times Shipping Times
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      193 28 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II USE THIS SPACE TO SELL CALL JOE WO IMG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3149 29 Transaction date: Nov 19 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 188 106 AIMSAMPIReit 155 +0.5 128 155 153.5 154.5 155 6.9 14.5
      3,149 words
    • Article
      Lock icon SGX CATALIST
      241 30 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 37 17.3 t 3Cnergy 500 Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller
      241 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11562 30 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 9797/ Global Emerging Markets!** China Opportunities'" 7 8915/ FM local Ccy Bond 0 9035/ European
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      Lock icon GLOBALQUOTE
      262 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 27 AVJennings A57 unch 31 57 57 57 59 3.6 6.1 4.6 211 52 31 Genting HK US$ US41 -0.5 6137 41.5 40.5 40.5 41 2699.7
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    • Article
      Lock icon SGX ETF
      925 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 143 125 CIMB APAC Div 100S$D 127.9 129.8 130.7 114.4 99.2 CIMB APAC Div 100US$ US103.6 104.3 105 10.9 1510 1192 CIMBASEAN40 100S$D 1325 -1
      925 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      646 31 Nov 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.63 *****.06 *****.33 Dec13 *****.00 *****.00 *****.00 *****.00 *****1 *****9 Mar14 *****.00 *****.00 *****.00 *****.00 102 537 MSCI TAIWAN INDEX FUTURES SPOT 289.42 291.75 289.42 Nov13 289.00 291.50 288.60 291.00 ***** *****6 Dec13 288.40
      646 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 31 In local curr In S$ In US$ dy yr dy yr dy yr Nov 18 Index Change Change Change Change Change Change World Preliminary 1159.5 0.2 23.6 0.3 24.0 0.3 21.5 EAFE Preliminary 943.4 0.5 21.8 0.7 20.1 0.8 17.8 Europe Preliminary 1347.5 0.6 17.5
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 31 Nov 19 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 5.748 0.698 7.315 58.477 109.428 0.941 9.964 3.003 1.129 101.484 41.129 1.174 9.537 0.860 27.808 29.802 0.585 0.944 Canada 1.017 5.846
      471 words
    • Article
      Lock icon SIBOR
      40 31 Nov 19 (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
      80 31 Nov 19 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 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.85 5-Year N*****0T 0.5 01-Apr-18 99.66 10-Year NX*****H 2.750 01-Jul-23
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    • Article
      Lock icon PRECIOUS METALS
      134 31 Nov 19 GOLD(US$/oz) Nov 18 Nov 19 Hong Kong 1292.00 1281.00 Nov 15 Nov 18 London 1287.36 1279.71 1288.13 1280.63 Source: Thomson Reuters CAST BAR Nov 19 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 115 51 5gm 326 255 10gm 583 510
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    • Article
      Lock icon PALM OIL
      57 31 Nov 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 13 2585.0 2591.0 2585.0 2558.0 171 6480 Jan 14 2580.0 2594.0 2587.0 2553.0 7353 ***** Feb 14 2581.0 2592.0 2586.0 2552.0 ***** ***** Mar 14 2580.0 2594.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 31 Nov 19 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1734 1.1739 0.9434 0.9437 Canadian dollar 1.1932 1.1940 0.9599 0.9593 Euro 1.6822 1.6829 1.3525 1.3529 NZ dollar 1.0389 1.0395 0.8353 0.8357 Sterling pound 2.0051 2.0057 1.6121
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    • Article
      Lock icon CHICAGO BOT
      109 31 Nov 18 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1287.50 1280.50 1290.00 1276.50 Mar 14 1273.25 1265.75 1275.50 1262.00 May 14 1259.50 1250.25 1261.00 1248.00 Jul 14 1255.00 1245.00 1256.25 1243.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
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    • Article
      Lock icon LIFFE
      95 31 Nov 18 COCOA (£/tonne) Close Prev High Low Dec 13 1763 1739 1765 1716 Mar 14 1766 1740 1767 1718 May 14 1760 1735 1761 1713 Jul 14 1756 1730 1757 1709 COFFEE(US$/tonne) Close Prev High Low Nov 13 1559 1506 1498 1498 Jan 14 1566 1511 1567 1497
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1241 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 15.5 -1.3 20 0.0 5 -75 56 Asia-Pacific Strategic W*****6 Ratio Acma Ltd W*****7 Price Prem Ascendas Reit MB ECW*****3 2.9 0.2 240 4 Asiatic Grp(Hldgs) Ltd W*****5
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 31 CRUDE OIL PRODUCTS Nov 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.68 0.41 WTI (Near Mth) 92.98 -0.78 Dubai (1-Mth F) 104.72 -0.29 Tapis blend 112.91 -0.39 Minas 107.11 -0.39 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.00 -1.06 Jet Kerosene 122.00 -0.24 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 31 Nov 19 S$ Bid Offer 1-month 1.2438 1.2439 2-months 1.2437 1.2438 3-months 1.2437 1.2438 6-months 1.2433 1.2435 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      65 31 Nov-18 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1736.75 1745.25 3 months 1783.00 1791.00 Copper, Grade A(US$/tonne) Cash 6960.75 7000.25 3 months 6975.00 7010.00 Lead(US$/tonne) Cash 2060.00 2075.25 3 months 2081.00 2096.00 Nickel (US$/tonne) Cash *****.00 *****.25 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 31 As at 9am Nov 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.194 1.138 Can dollar 1.217 1.171 Euro 1.723 1.641 Sterling pound 2.046 1.968 NZ dollar 1.061 1.021 US dollar 1.271 1.211 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 31 Nov 19 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ 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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  • executive Money
    • Article, Illustration
      Lock icon Don’t fear the big, bad tapering
      972 32  -  The appeal of risky assets continues to be strong and is not weakened by the prospect of tapering MONEY MATTERS HAN DE JONG The writer is chief economist of ABN Amro Bank THE ECB chose to surprise markets with a rate cut, stressing its
      PHOTO: AFP  -  972 words
    • Article, Illustration
      Lock icon New market benchmarks show a lack of options
      1149 32 Investors enticed to enter even if prices are no longer cheap NYT [NEW YORK] Stocks rallied past two psychological barriers on Monday morning, pushing the Dow Jones industrial average over 16,000 and the Standard Poor’s 500 stock index beyond 1,800 for the
      NYT; PHOTO: AFP  -  1,149 words
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      183 33 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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      Lock icon Page 34 Advertisements Column 1
      84 34 What does 60 years of progress look like? From an island of rural villages to a modern metropolis, Singapore’s transformation has been nothing short of astonishing. Since 1953, IBM has been a part of that journey. But rather than celebrate our past, we’d rather visit our future. Presenting the Singapore
      84 words