The Business Times, 21 November 2013

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Microfilm: NL32874
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, November 21, 2013
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  • Article
    Lock icon Hedge accounting sees substantial overhaul
    905 1  -  New model enables firms to better reflect risk-management activities: IASB chief By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] The muchawaited new hedge-ac-counting model, released by the International Accounting Standards Board (IASB) in the UK on Tuesday, represents a substantial overhaul of hedge accounting arguably the most complex
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,184.23 (-7.85) HST INDEX FUTURES 3,184.00 (-8.00) HSIMSCI 367.57 (-0.76) HSIMSCI FUTURES 367.80 (-1.10) US$ S$ US$ (S$ per US$) 1.244 (US$/S$ per 1.613 2.007 EURO (US$/S$/€ 1.353 1.684 Foreign currency per US$ S$ YEN 100.00 80.40 RM 3.185 2.560 HK$ 7.752 6.231 BAHT 31.70 25.48 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,798.69 -8.47 NIKKEI 225 15,076.08 -50.48 HANG SENG 23,700.86 +43.05 SET INDEX 1,404.81 -7.63 JAKARTA COMP 4,350.79 -47.55 MANILA COMP 6,155.34 -112.51 SEOUL COMP 2,017.24 -14.40 SHENZHEN B 864.33 +1.40 MUMBAI IND 20,635.13 -255.69 11am EST Change DOW 15,979.77 +12.74 NASDAQ 3,945.14 +13.58
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 MALAYSIA INDONESIA HONG KONG TAIWAN INDONESIA 14.721 TAIWAN 5.036 US 1.475 CANADA 9.33 BRITAIN 0.50 Source: Bloomberg
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  • Article, Illustration
    Lock icon A more people-centric Master Plan
    836 1  -  It takes a holistic approach, focusing on quality of life By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] The Draft Master Plan (MP) 2013 has moved beyond numbers and allocating land for various uses, into taking a more holistic approach to developing new activity clusters and encouraging green
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      222 1 COMPANIES Billion-dollar tag for OUE Bayfront PAGE 5 YUAN BONDS Orders for ICBC S’pore’s 2-year bond hit 5.2b yuan PAGE 2 HOCK LOCK SIEW China’s water treatment market turning frothy PAGE 8 Singapore’s Paterson Hill is world’s 5th priciest street PROPERTY~PAGE 28 8 II *****1 II *****4 The L.U.C Collection
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      21 1 OPINION Hoping for a WTO deal in Bali PAGE 21 Marina South likely to be pick of the bunch, Page 4
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      438 2 Hedge accounting sees substantial overhaul THE new hedge accounting model, released by the IASB in the UK on Tuesday, represents a substantial overhaul of hedge accounting. FRONT PAGE A more people-centric Master Plan THE Draft Master Plan 2013 has moved beyond numbers and allocating land for various uses,
      438 words
    • Article
      Lock icon Mixed outcome in latest COE tender
      454 2  -  Luxury brands’ sale of next year’s stock in advance cited for Cat A rise By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Certificate of Entitlement (COE) premiums ended mixed at the close of yesterday’s tender, with COE prices for small cars rising, and that for big cars,
      454 words
    • Article
      Lock icon ICBC yuan bond makes stunning debut
      611 2  -  Orders hit 5.2b yuan for the 2b yuan issue of 2-year notes B y SIOW LI SEN lisen@sph.com.sg [SINGAPORE] The maiden yuan-bond sale of the Industrial and Commercial Bank of China’s (ICBC) Singapore branch has received strong demand. The two-year two billion yuan (S$408
      611 words
    • Article, Illustration
      Lock icon China may speed up freeing of yuan currency
      838 2 Reuters [BEIJING] With a shift in tone and language, China’s central bank governor has dangled the prospect of speeding up currency reform and giving markets more room to set the yuan’s exchange rate as he underlines broader plans for sweeping economic change.
      Reuters; PHOTO: BLOOMBERG  -  838 words
    • Article, Illustration
      Lock icon Government fines OpenNet $750,000
      659 4  -  IDA cites service failure for large swathes of the year By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] In the wake of the problem-plagued national fibre broadband rollout, OpenNet has been fined $750,000 by the Infocomm Development Authority of Singapore (IDA) for falling short of service obligations and standards
      BT Graphics: Jennifer Chua, Joyce Hooi; Source: IDA  -  659 words
    • Article, Illustration
      Lock icon Marina South likely to be pick of the bunch
      589 4  -  Holland Village and Kampong Bugis, two other new housing sites, also attractive By ONG CHOR HAO ongch@sph.com.sg [SINGAPORE] Marina South could attract the most interest of the three new residential districts identified in Draft Master Plan 2013, but market watchers say
      PHOTO: URA  -  589 words
    • Article
      Lock icon KL property players question assessment fee hikes
      658 4  -  By PAULINE NG By in Kuala Lumpur THE Kuala Lumpur City Council’s proposed jumps in assessment fees are misconceived if they are based on higher real estate values, property consultants say, noting that they should be based on annual rental instead. Amid the
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    • Article, Illustration
      Lock icon The latest news from Bloomberg is about big changes
      1325 4  -  COMMENTARY By FELIX SALMON Reuters MONDAY was a big day for layoffs over at Bloomberg, and Kara Bloomgar-den-Smoke has the official memo from edi-tor-in-chief Matt Winkler. In typical Bloomberg style, the defenestrations seem to be taking place in much the same
      Reuters; PHOTO: BLOOMBERG  -  1,325 words
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      150 3 BENTLEY WEARNES AUTOMOTIVE -S m me spur 7 1 5 5 YEARS WARRANTY YEARS MAINTENANCE Luxury has never been this breathtaking, until now. The New Flying Spur. It’s not just because of the exquisite luxury and craftsmanship from this exalted marque. But the phenomenal 320km/h speeds that drive it as
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      112 4 ERA L3002B82K ry One Call View All: Henson Pang 9107 8070 (R*****3A) View Actual units® www.hensonpang.com Limited Edition Penthouses for High-Net-Worth Buyers at Undisputed Prime Locations for Immediate Occupation District 10 The Wharf Residence Address: 9 Tong Watt Rd USP 50 steps to expat Mohd Sultan Enclave Build in 4090stt
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Billion $ tag for OUE Bayfront
      819 5  - Billion tag for OUE Bayfront OUE looking to pump property into Reit for a minimum of $1 b By FELDA CHAY feldac@sph.com.sg PROPERTY group OUE Ltd is looking to sell its office and retail development OUE Bayfront for at least $1 billion, to the commercial real estate investment trust that
      PHOTOS: OUE, BLOOMBERG  -  819 words
    • Article
      Lock icon Rex unit gets nod for Norway offshore deal
      231 5  -  By LEE U-WEN leeuwen@sph.com.sg A SUBSIDIARY of Cata-list-listed Rex International Holding, Lime Petroleum Norway, has received the green light to acquire 10 per cent stakes in two offshore licences in Norway from North Energy ASA. In a statement yesterday, Rex executive director
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    • Article, Illustration
      Lock icon CMA in 2.65b yuan deal for Guangzhou mall
      463 7  -  Mall’s acquisition expected to be completed by Q4 ’14 By VIVIEN SHIAO vshiao@sph.com.sg CAPITAMALLS Asia (CMA) will be acquiring a new shopping mall in Guangzhou, China with a total investment cost expected at about 2.65 billion yuan (S$541 million). The mall will
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    • Article
      Lock icon Goldman seeks to halt Oei Hong Leong’s lawsuit
      286 7 Bloomberg A GOLDMAN Sachs Group unit has asked a court to halt Singapore tycoon Oei Hong Leong’s lawsuit claiming it misled him into making leveraged trades that the yen would fall against the Brazilian real. Goldman Sachs International said in a Nov
      Bloomberg  -  286 words
    • Article
      Lock icon CapitaLand to sell a third of Australand stake
      492 7  -  Sale of 20% stake could bring it A$434m; pricing expected today By haoxiang@sph.com.sg CAI HAOXIANG haoxiang@sph.com.sg PROPERTY developer CapitaLand has unveiled plans for a quick sale of about a third of its stake in Australian developer Australand Property Group that could fetch
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    • Article
      Lock icon Stiff competition muddies the water
      1050 8  -  HOCK LOCK SIEW By LEE MEIXIAN leemx@sph.com.sg MORE Singapore-listed players fighting for a slice even crumbs of the lucrative water treatment business pie in China have created a “bubble” amid intensified competition and squeezed margins for Chinese water projects. In the latest quarterly results, a
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    • Article
      Lock icon SIIC Env buying stake in Shanghai company
      242 8  -  By LEE U-WEN leeuwen@sph.com.sg SIIC Environment Holdings is buying a 50 per cent stake in Shanghai Pucheng Thermal Power Energy for 530 million yuan (S$108.2 million). The deal announced yesterday marks the main-board-listed water treatment and environmental protection company’s first foray into Shanghai’s
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    • Article, Illustration
      Lock icon Hafary bets on S’pore housing as it opens $21.5m showroom
      455 8  -  Tile firm’s flagship outlet is targeted at retail customers By KENNETH LIM kenlim@sph.com.sg TILE supplier Hafary Holdings is placing a big bet on Singapore’s housing outlook with the opening of its new $21.5 million showroom building. “We always feel that
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    • Article, Illustration
      Lock icon OCBC’s children accounts up 50%
      218 8 OCBC Bank has recorded close to 50 per cent growth in the number of children accounts opened at its branches in the last three years, boosted in part by some of its branches being open on Sundays. The average number of children accounts opened on
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      103 5 I H w “I THINK THE DURATION OfAN HOUR SHOULD BE A PERIOD OF PLAY. IT SHOULD BE A CELEBRATION FOR THAT ONE SPECIFIC HOUR IN LIFE AND SO YOU SHOULD HAVE SOMETHING ON YOUR WATCH, SOMETHING EXCITING, THRILLING AND ENGAGING TO REPRESENT IT.” W W W U RWERK.COM C
      103 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon One warped planet
      517 6  -  STI ends 0.25% lower on low trading activity; traditional window dressing in short supply STOCKS KENNETH LIM kenlim@sph.com.sg Correspondent Captain’s Log, Stardate 20-11-2013 WE are orbiting the equity market in the Singapore system. Our mission: To find any signs of life after the penny explosion a month
      Source: Bloomberg  -  517 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      72 6 Nov 20 VALUE CLOSE BT OB/OS -503.00-153.00 BT CADI -*****.00 -77.00 BT 10-day MA -*****.00 -51.00 FTSE ST Mid Cap 728.86 -2.17 FTSE ST Small Cap 534.01 -1.06 FTSE ST All Share 771.87 -1.95 FTSE ST China Top 201.71 -0.52 FTSE ST China 228.57 -2.08 FTSE ST
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 3 0 0 0 6 5 3 Manufacturing 41 59 44 7 10 10 48 69 54 Commerce 13 26 19 3 3 5 16 29 24 Tpt/Stor/Comms 14 14 11
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    • BROKERS’ TAKE
      • Article
        Lock icon Midas Holdings
        302 6 Nov 20 close: S$0.50 DMG Partners Research, Nov 20 MIDAS’ Q3 FY2013 revenue surged 48.5 per cent y-o-y to 301.0 million yuan (S$61 million), as utilisation of its production lines continued to improve (Q3 FY2013: 55 per cent, Q2 FY2013: 50 per cent). However, as it took on
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      • Article
        Lock icon Golden Agri-Resources
        316 6 Nov 20 close: S$0.585 OCBC Investment Research, Nov 20 Despite a disappointing set of Q3 FY2013 results, Golden Agri-Re-sources’ (GAR) share price has continued to do well, likely buoyed by more signs that CPO (crude palm oil) prices are stabilising around current levels (RM2,500/tonne); this (has been spurred
        316 words
      • Article
        Lock icon CapitaMalls Asia
        193 6  -  Compiled by KENNETH LIM Nov 20 close: S$2.01 Maybank Kim Eng Research, Nov 20 CMA (CapitaMalls Asia) is acquiring its first mall in Guangzhou. The partially completed mall is valued at 2.2 billion yuan (S$450 million), and CMA targets to open in phases beginning December 2014. The vendor
        193 words
      • Article
        Lock icon Glossary
        135 6 EPS earnings per share Ebit earnings before interest tax Ebitda earnings before interest, tax, depreciation amortisation FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter q-o-q quarter-on-quarter
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,261 11,261 52,929 52,929 Manufacturing 168,603 157,833 326,436 123,938 5,314 129,252 Commerce 207,060 62,627 269,687 74,260 5,325 79,585 Tpt/Stor/Comms 89,270 13,878 103,148 127,859 1,893 129,752 Finance 36,488 580 37,068 133,412 207 133,619 Construction 37,952 46,829
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 6 Stock name Close Change CapMallsAsia 2.010 -0.030 CapitaLand 3.060 -0.040 CapitaMall 1.965 -0.010 CityDev 10.110 -0.130 ComfortDelGro 1.930 +0.005 DBS Grp 16.990 +0.040 GLP 2.960 -0.040 Genting SP 1.450 +0.005 Golden Agri 0.585 -0.010 HK Land 6.120 -0.070 HPH Trust US$ 0.710 +0.010 JMH 53.500 -0.380
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    • Article, Illustration
      Lock icon US$ lower against yen, climbs against euro
      537 6 CURRENCIES Reuters [LONDON] The US dollar edged lower yesterday after Federal Reserve chairman Ben Bernanke said that the US central bank would maintain its ul-tra-easy monetary policy for as long as needed. The US dollar fell 0.2 per cent against the yen to
      Reuters; PHOTO: AFP  -  537 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME KLW Hldgs 115,429,000 MDR 66,997,000 Thakral 59,097,000 Digiland 52,002,000 Charisma Energy 38,413,000 Blumont 36,241,000 Golden Agri 34,853,000 HPH Trust US$ 27,533,000 SingHaiyi 26,555,000 Infinio 26,155,000 VALUE($) SingTel 57,420,744 DBS Grp 51,772,188 Wilmar 46,112,350 UOB 41,757,400 Keppel Corp 36,548,460 GLP 28,297,900 OCBC Bk 25,054,590 HPH Trust US$
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    • Article
      Lock icon RISES
      106 6 BY CENTS CLOSE UP SPDR DJIA 10US$ ***** 115.7 0.6 JSH 3295 17.4 0.4 DBXT MSEmer 10US$ 403 13.7 2.8 DBS Bk 4.7% NCPS 100 ***** 10.0 0.1 H Royal 320 10.0 3.2 Westminster 26.5 9.0 51.4 IS ASIA HYG100US$ 1075 8.7 0.7 Lyxor Asia 10US$ 495 8.7 1.4
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    • Article
      Lock icon FALLS
      122 6 BY CENTS CLOSE DOWN Lyxor Indonesia10US$ 7762 -221.4 -2.2 JMH 5350 -47.3 -0.7 DBXT MSINDO 10us$ 1220 -43.5 -2.8 DBXT FTVietnam 10US$ 2429 -37.3 -1.2 GLD 10US$ ***** -33.6 -0.2 Jardine C&C 3460 -32.0 -0.9 IS LC BND 100S$D 1200 -30.0 -2.4 Hyflux 6% CPS 10 ***** -20.0 -0.2
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      543 7 FLY TO THE BIG APPLE AND THE WEST COAST ON BUSINESS ELITE FROM S$6,177 Enjoy the comfort of flying on our 180-degree full flat-bed seats with direct aisle access on BusinessElite®. Book at delta.com or call Delta Reservations 24/7 at 6336 3371 to enjoy these special fares. Round-trip Travel from
      543 words
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      232 8 going overseas for holidays? All goods brought into Singapore are subject to 7 per cent Goods and Services Tax (GST). You are required to pay tax on goods in excess of your GST relief. Please produce the receipts of your overseas purchases at the Customs Red Channel or Tax Payment
      232 words
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      Lock icon Page 8 Advertisements Column 2
      47 8 u 7 ~7 S J V U1 p find r THE ONES J THAT FIT! m Recruit the right people through f j CATS Recruit. lx Call 1800 289 8822 or email recruit@sph.com.sg to advertise. I J l| -j WART 5T "7J RECRUIT V. .> L c tT7'
      47 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Domestic wholesale trade climbs 5.1% in Q3
      333 9  -  Rise due mainly to industrial machinery and electronic components sectors By KELLY TAY kellytay@sph.com.sg SINGAPORE’S domestic wholesale trade rose 5.1 per cent in Q3 compared with a year ago, data released by the Department of Statistics Singapore showed yesterday. The increase was largely
      333 words
    • Article, Illustration
      Lock icon 3D printing the next big thing in manufacturing
      938 9  -  By VIVIEN SHIAO vshiao@sph.com.sg 3D printing firms are sprouting, and a recent seminar on the subject has drawn a warm reception. The buzz about 3D printing is so palpable that some quarters are touting it as a threat to traditional manufacturing. But
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    • Article, Illustration
      Lock icon Citibank aims to open more heartland branches
      513 9  -  By LISA LEE By lisalcc@sph.com.sg CITIBANK Singapore, recognising that six in 10 of its customers are heartlanders, has opened a branch in the Woodlands MRT station. The Housing Development Board website put Woodlands’ population at 237,000; the Singapore American School in the neighbourhood,
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    • Article
      Lock icon S’pore Art Museum’s data file illegally uploaded to NZ server
      419 9  -  By LEE U-WEN leeuwen@sph.com.sg THE names, phone numbers and email addresses of some 4,000 people that were stored in a data file on the Singapore Art Museum’s (SAM) website were illegally published and uploaded to a New Zea-land-based server. Those
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      Lock icon Page 9 Advertisements Column 1
      424 9 Has the recession in the Eurozone turned into an opportunity? As the Eurozone stabilizes and the global economy continues to recover, European stocks that were beaten down in the crisis now appear to be poised for growth. How can investors explore this opportunity? Call us at +65 6495 5772 to
      424 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Jakarta-Australia cooperation in limbo
      727 10 Asylum-seeker issue, info and intelligence exchange on hold over spy allegations Reuters Bloomberg AP [JAKARTA] Indonesia’s relations with Australia have sunk to their lowest since the turn of the centuryover reports that Canberra had spied on top Indonesians, including the president’s wife, threatening to hurt trade
      Reuters; Bloomberg; AP; PHOTO: AFP  -  727 words
    • Article
      Lock icon Petronas will contribute less to govt after GST
      331 10 [KUALA LUMPUR] Petroliam Nasional Bhd (Petronas) will contribute less, in percentage terms, to the government’s coffers after the goods and services tax (GST) is implemented. Minister in the Prime Minister’s Department Abdul Wahid Omar, however, said that the lower contribution will not
      331 words
    • Article
      Lock icon Bumi chairman: Funding secured for Bakrie deal
      448 10 Samin Tan is buying the Bakries’ Bumi stake for US$223m Bloomberg [JAKARTA] Bumi Plc chairman Samin Tan has won funding approval to buy part of the Bakrie Group’s stake in the Indonesian coal producer, meeting the deadline in a deal set to end
      Bloomberg  -  448 words
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      617 10 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 Aborted bond sales by China firms hit 73.5b yuan
      667 11 Amount is more than double last month’s and is due to banking reform Bloom berg [SHANGHAI] Chinese companies pulled more than twice the amount of bond sales this month than last month, an unintended casualty of Premier Li Keqiang’s effort to
      Bloomberg  -  667 words
    • Article
      Lock icon Failure risk of small banks flagged
      351 11 Bloomberg [BEIJING] One or two small Chinese banks may fail next year as they face pressure from their reliance on short-term borrowing, a Communist Party economic official said. Small banks get about 80 per cent of their funding from interbank markets and deposits in
      Bloomberg  -  351 words
    • Article, Illustration
      Lock icon Multiplexes a big hit in India as moviegoers seek more comfort
      567 11 Reu ters [MUMBAI] For a country that produces twice as many movies a year as Hollywood, India has a problem that’s making theatre operators beam: a shortage of modern multi-screen cinemas and plenty of increasingly affluent film fans. Multiplex
      Reuters; PHOTO: REUTERS  -  567 words
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      129 11 OPENS TODAY 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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      311 11 FUTURE iitiiiiiii a CHINA ADVANCED LEADERS PROGRAMME Grooming future leaders to be “China-ready China-savvy” and “Connected” w Despite having first-hand experience of the cultural differences during my 5 years in China, I still find the course very enlightening as it equips us with a holistic understanding of China's business, economic,
      311 words
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  • WORLD
    • Article, Illustration
      Lock icon Thai court dismisses proposed constitutional amendment
      573 12 Moves to change Senate composition were flawed, says Constitutional Court Reuters [BANGKOK] Thai Prime Minister Yingluck Shinawatra suffered a blow yesterday when a court knocked back a constitutional amendment that could have strengthened her party’s legislative grip, a ruling that could cool tension that
      Reuters; PHOTO: AFP  -  573 words
    • Article
      Lock icon Retail sales up 0.5% in Oct, CPI dips 0.1% on petrol prices
      583 12 Absence of inflation suggests Fed will stick to bond buying LATEST US DATA Reuters [WASHINGTON] A gauge of US consumer spending rose more than expected in October as households bought a range of goods, suggesting upside momentum in
      Reuters  -  583 words
    • Article, Illustration
      Lock icon Philippines counts economic cost of Haiyan
      611 12 AFP [MANILA] Super typhoon Haiyan’s devastating assault on the central Philippines exerted a catastrophic human cost, but analysts say its impact on one of Asia’s fastest growing economies will be less traumatic. The national economy has been on an upswing for the past five
      AFP; PHOTO: AP  -  611 words
    • Article
      Lock icon Royal Mail sale ‘not done on the cheap’
      429 12 Banks asked to explain how they priced the company Reu ters [LONDON] Advisers on the British government’s privatisation of Royal Mail said the postal service could not have been sold at its current price, rejecting accusations that one of the biggest state
      Reuters  -  429 words
    • Article, Illustration
      Lock icon Japanese exports log biggest rise in 3 years
      646 13 October exports up 18.6%, higher than market forecast of 16.5% Reuters [TOKYO] A surge in car shipments spurred Japanese exports to their biggest annual increase in three years in October, suggesting a gradual pick-up in global demand will help underwrite a sustainable
      Reuters; PHOTO: REUTERS  -  646 words
    • Article
      Lock icon UK grads still unable to find good jobs despite market recovery
      326 13 Reuters [LONDON] Almost half of recent graduates in Britain are in jobs that do not require a degree, official statistics showed on Tuesday, suggesting the labour market recovery is not yielding the high-reward posts that many newly qualified people
      Reuters  -  326 words
    • Article
      Lock icon BOE governor’s policy yet to succeed: poll
      480 13 Forward guidance and jobless data confusing: analysts Bloomberg [LONDON] Bank of England governor Mark Carney’s mission to get the UK economy to “escape velocity” has not yet succeeded, economists said. Less than a third of 21 economists said the recovery has reached that
      Bloomberg  -  480 words
    • Article
      Lock icon BOE keeps policy unchanged, interest rates at record low
      512 14 UK central bank sees case for low rates even after jobless rate falls to set limit Bloomberg [LONDON] Bank of England (BOE) officials voted unanimously to keep policy unchanged this month and said that a record-low interest rate may be needed
      Bloomberg  -  512 words
    • Article, Illustration
      Lock icon Denmark’s largest bank may retrench more staff
      667 14 Bloomberg [COPENHAGEN] Danske Bank A/S may have to fire more than the 250 people it dismissed on Tuesday as competitive pressures mount and a customer shift to smartphones and tablets makes branch banking redundant, its human relations head said. “When we look at
      Bloomberg; PHOTO: BLOOMBERG  -  667 words
    • Article, Illustration
      Lock icon ECB official says printing money is not the solution
      390 14 Reuters [FRANKFURT] Printing money is not the way out of the eurozone crisis, European Central Bank policymaker Jens Weidmann said, resisting the possibility raised by others at the ECB of buying assets to aid a weak recovery. The ECB cut interest
      Reuters; PHOTO: AFP  -  390 words
    • Article
      Lock icon Rates to stay low after bond buying ends: Bernanke
      748 14 Bloomberg [WASHINGTON] Federal Reserve chairman Ben Bernanke said the labour market has shown “meaningful improvement” since the start of the central bank’s bond-buying programme and that the benchmark interest rate would probably stay low long after the purchases end. “The target
      Bloomberg  -  748 words
    • Article, Illustration
      Lock icon Nokia shareholders agree to sale of phone unit
      767 15 Sale to Microsoft frees Nokia from shrinking, struggling business Bloomberg [STOCKHOLM] Nokia Oyj investors cleared the sale of its mobile phone unit to Microsoft Corp in a 5.4 billion euro (S$9.2 billion) deal, unshackling the Finnish company from the unprofitable division and
      Bloomberg; PHOTO: AP  -  767 words
    • Article, Illustration
      Lock icon More crossover rollouts at LA motor show
      590 15 Reuters [LOS ANGELES] Consumers’ growing love affair with “crossover” vehicles that combine the functionality and cachet of sport utility vehicles with the comfort and performance of a car shows no signs of abating with Germany’s Porsche unveiling the compact luxury Macan. Porsche is
      Reuters; PHOTO: BLOOMBERG  -  590 words
    • Article
      Lock icon Coal firms feel heat from ethical investors
      887 15 They sell out on concerns about global warming Bloomberg [LONDON] About US$8 trillion of known coal reserves lie beneath the earth’s surface. The companies planning to mine and burn them are being targeted by a growing group of investors concerned with the greenhouse
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      Lock icon US$3b deal to settle faulty hip implant case
      608 16 Johnson Johnson will pay about 8,000 patients who had replacement surgery NYT [NEW YORK] Johnson Johnson and lawyers for patients injured by a flawed hip implant announced a multibillion-dollar deal on Tuesday to settle thousands of lawsuits, but it was unclear whether
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    • Article
      Lock icon 1.61b people on social networks: study
      275 16 AFP [WASHINGTON] An estimated 1.61 billion people, more than one in five globally, will log in to social networking sites at least monthly this year, the research firm eMarketer said on Tuesday. The study said that the number was up 14.2 per cent from
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      Lock icon Billions wasted in US govt IT projects
      1368 16 Bloomberg [WASHINGTON] Almost a decade before the Obamacare website’s failed debut, the Air Force began work on a project to replace 240 outdated networks with a single logistics system. After spending about US$1 billion, the programme led by Computer Sciences Corp collapsed last
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      Lock icon JPMorgan in record US$13b settlement on mortgage loans
      994 17 Deal with Justice Dept includes details of how bank formed mortgage securities NYT [NEW YORK] JPMorgan Chase and the Justice Department reached a record US$13 billion settlement on Tuesday, wrapping up a series of state and federal investigations that offer a rare
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    • Article
      Lock icon Germany’s Thyssen closing in on sale of its US steel plant
      678 17 Reuters [FRANKFURT] Germany’s ThyssenKrupp is nearing a long-awaited sale of its US steel plant and has reached an agreement to settle a cartel lawsuit, clearing the way for it to raise much-needed capital. Shares in Germany’s biggest steelmaker fell
      Reuters  -  678 words
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      Lock icon Deutsche Bank appeals ruling to reinstate traders
      441 17 It had fired the 4 of them over interbank lending rates Reuters [FRANKFURT] Deutsche Bank has launched a legal appeal against a German labour court ruling that forced it to reinstate four fired traders, potentially exposing the lender to new embarrassing testimony. Deutsche
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      Lock icon Japan pension fund set for major overhaul
      975 18 Sweeping changes to fund’s governance and investment strategy proposed Reuters [TOKYO] The world’s biggest pension fund is preparing its most ambitious overhaul since its creation more than a decade ago, a process that will eventually see more of Japan’s US$2 trillion in public
      Reuters; PHOTO: REUTERS  -  975 words
    • Article
      Lock icon Taiwan firm sues Samsung over imaging lens patents
      251 18 Bloomberg [TAIPEI] Largan Precision Co, a Taiwanese smartphone camera lens maker, sued Samsung Electronics Co for allegedly infringing six of its imaging lens patents in Samsung’s Galaxy Note and S series smartphones. The Nov 14 complaint filed in US federal court in
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    • Article
      Lock icon Biggest stock rally in 40 years drives Japan’s IPO boom
      705 18 60 firms have gone public this year; all stock rose on debut Bloomberg [TOKYO] Japan’s biggest equity rally in four decades is driving a boom in initial public offerings (IPOs), with new listings this year poised to reach the most
      Bloomberg  -  705 words
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      169 13 Hwa Chong international school A MEMBER OF THE HWA CHONG FAMILY OF SCHOOLS INTERNATIONALISM INNOVATION INDEPENDENCE We are a local international school offering the Cambridge International General Certificate of Secondary Education (IGCSE) and International Baccalaureate Diploma (IBDP) programmes. A ■it few V A I fi V -V: rs i. t.
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      23 14 SINGAPORE’S HFT MUSIC STATION XN m ■STOP HU MUSIC WITH JJ WEEKDAYS 10AM-4 PM HOT fM 9\- 3 O facebook.com/hotfmsg $0 (ghotfmsg www.hotfm.sg
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      39 14 BANKING ON WOMEN Why do you see more of them like SBI’s new chief heading India’s financial institutions? Singaporean touches lives in India GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      109 15 WE’RE STILL H H H H I -L 6 MOVES FOR THIS 6-PACK' M JB-J ou ar t mi» HOW! FORG TUITK ii DESIGN WE) COME DINE WITH ME HYPNOTHERAPY DOES IT WORK? fit* if ggi BE YOUR GYM S [A TOUGHEST GUY PI06 3k Mm Min 111 MH GUIDE
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      72 16 Myanmar Supply Chain Management Conference 2014 4-6 March 2014 Traders Hotel, Yangon www.mscm.sphereconferences.com New Dates, New Pricing! Early bird discounts till 1st Dec 2013. Save up to USD 441 Opening Address by H.E U Nyan Htun Aung, Minister forTransport, Union of Myanmar jy Bob Travers Procter Gamble And more... Looking
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      67 16 tl SGPFaY 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 S|£l Blk 8 Lorong Bakar
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      189 17 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF LIMHUPCHOON (SINGAPORE) PRIVATE LIMITED Co. Reg. No. *****2349H (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap
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      313 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SUNAIR INTL PTE LTD Company Registration No. *****1300E (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 61 Club Street Singapore *****6 on 15 November 2013, the following
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      456 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KOCH TRADING INTERNATIONAL PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****7634E NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 260 Orchard Road, The Heeren, #11-01/09, Singapore *****5 on the
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      674 17 < > artivision technologies ARTIVISION TECHNOLOGIES LTD. (Company Registration Number *****7031R) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, capitalised terms herein shall have the same meaning as ascribed to them under the Company's circular to its shareholders dated 21 November 2013. NOTICE IS
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      59 18 HOT PROPERTY iCLIFT MODERN i hh nextMRV biz disl' eS high $4.2k. Z avai1 Nov. Oufram T MRf' n e®“ R s M M ins Sn .Jen tos a, n^X n P/fu?n° L panofam° n 657sf CENTRAL APARTMENTS FOR RENT Check this and many other properties in CATS Classified in
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      203 18 Powerful tools in an investment platform allow us to pick the profitable stocks at the right time, thus maximizing our investment returns. ShareInvestor WebPro comes with unique features such as the Watchlist Information Aggregation, Fundamental Stock Filter, Interactive Financial Charts etc which are essential for your daily stock analysis. You
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  • AVIATION
    • Article, Illustration
      Lock icon S’pore Airshow’s order value ‘unlikely to top Dubai’s’
      618 19  -  But organiser says demand for space at S’pore show next year still strong By NISHA RAMCHANDANI By nishar@sph.com.sg SOME US$200 billion in orders were booked at this week’s Dubai Airshow, thanks largely to gulf carriers Emirates, Etihad and Qatar, which sealed blockbuster
      FILE PHOTO  -  618 words
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      Lock icon US$23b Emirates order injects new life into Airbus A380
      787 19 Reuters [DUBAI] Emirates’ whopping order for 50 of the world’s biggest jets should end doubts about the A380 that have tested the nerve of manufacturer Airbus, the airline’s chief said, adding it was so sure of filling the planes it might
      Reuters; PHOTO: BLOOMBERG  -  787 words
    • Article
      Lock icon TRANSPORT STOCKS
      238 19 SGX '000 Nov 20 S$ +/-Vol Ch Offshore Chuan Hup Hldg 0.26 unch 135 Nov 20 Cwt Limited 1.25 -0.03 616 First Ship Lea Ch Offshore Freight Links -0.01 Grand Banks 0.23 unch 30 Jaya Hold Ltd 0.67 0.01 251 K1Ventures 0.20 unch 3078 Keppel Corp 11.11 0.08
      238 words
    • Article
      Lock icon AirAsia’s Q3 profit sinks 77.5%
      145 19 Reuters [KUALA LUMPUR] Malaysia’s AirAsia Bhd, Asia’s biggest budget airline by passenger traffic, saw its third-quarter profit plunge 77.5 per cent as forex losses on borrowings and a strategy of offering low ticket fares ate into margins. Net profit for the three months ended Sept
      Reuters  -  145 words
    • Article
      Lock icon Qantas-VA row over ‘takeover’ turns ugly
      405 19 VA chief mulls over suing Qantas CEO for defamation AFP [SYDNEY] Virgin Australia (VA) chief John Borghetti yesterday lashed out at “offensive” allegations made by Qantas in an escalating row over foreign ownership, with reports that lawyers had been called in. It follows Qantas
      AFP  -  405 words
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      355 19 CRYPTIC CROSSWORD Across 1 Spoilt socialite girl once set about keeping delicate (8) 5 Fighting that brings lawsuit (6) 9 Admit fees may be ridiculous, giving up too easily? (9) 11 Game in which valuable instrument gets knocked over (5) 12 Fairies, with the first sign of hunger, pass away
      355 words
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  • EDITORIAL & OPINION
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      Lock icon Malaysia’s economy remains resilient
      501 20 EDITORIAL DESPITE sluggish growth among nearly all its neighbours, Malaysia’s third-quarter growth accelerated unexpectedly to 5 per cent on the back of strong domestic demand and a turnaround in exports. That means real GDP (gross domestic product) growth for the whole of 2013 is likely to
      501 words
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      Lock icon Costs of Iraq, Afghan campaigns still piling up
      741 20  -  THE BOTTOM LINE NEIL BEHRMANN London Correspondent The writer is BT’s London correspondent THE vast majority of economists ignore the consequences of the Iraq and Afghanistan campaigns. Human and financial costs of the conflicts continue to grow even though the US and
      741 words
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      Lock icon QE is not a cure, but an anaesthetic at best
      1022 20  - QE is not a cure but an anaesthetic at best Time to recognise the limitations of monetary policy to stimulate growth and create jobs ANTHONY ROWLEY Tokyo Correspondent SITTING in the dentist’s chair in Tokyo this week having some deep-seated decay drilled out of one of my lower teeth, I
      PHOTO: REUTERS  -  1,022 words
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      Lock icon Hoping for a WTO deal in Bali
      1299 21  -  Members seem to be converging around three key deliverables, but there’s a risk of failure to reach agreement By MATTHIAS HELBLE, GANESHAN WIGNARAJA Matthias Helble is research fellow and Ganeshan Wignaraja is director of research, Asian Development Bank Institute. This article was sourced
      PHOTO: REUTERS  -  1,299 words
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      Lock icon Greece still has a long way to go
      965 21  -  REUTERS BREAKINGVIEWS By HUGO DIXON GREECE’S reform job is not even half finished. The government hasn’t done enough to root out the vested interests that strangle the economy. Nor has it cracked down fully on tax evasion or pushed hard enough to
      PHOTO: REUTERS  -  965 words
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  • Article
    Lock icon The Business Times Shipping times
    1336 22 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH
    1,336 words
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      50 22 PLACE YOUR AD HERE The Business Times Shipping times CALL JOE WONG AT 9620 1327 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3278 23 Transaction date: Nov 20 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote 11.5 7 AEM --AAT C'vr 188 106 AIMSAMPIReit 154 -1 242 155 153.5
      3,278 words
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      Lock icon SGX CATALIST
      254 24 52-wks Last Vol Week 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 Week Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller
      254 words
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      Lock icon UNIT TRUST & FUNDS
      11736 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited *****/ Asian local Ccy SD Bond 0 979?/ Global Emerging Markets!** China Opportunities'" 7 8859/ FM local Ccy Bond 0 9074/
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      Lock icon GLOBALQUOTE
      262 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 27 AVJennings A57 unch 50 57 57 57 58.5 3.6 6.1 4.6 211 52 31 Genting HK US$ US41 unch 6111 41 40.5 40.5 41 2699.7
      262 words
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      Lock icon SGX ETF
      882 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 125 107.1 ABF SG Bond ETF 114.5 +0.5 21 114.5 114 113 114.5 522.7 143 125 CIMB APAC Div 100S$D 127.9 129.6 130.5 114.4 99.2 CIMB
      882 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      649 25 Nov 20 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.35 *****.67 *****.98 Dec13 *****.00 *****.00 *****.00 *****.00 *****7 *****9 Mar14 *****.00 *****.00 *****.00 *****.00 33 547 MSCI TAIWAN INDEX FUTURES SPOT 290.95 291.01 288.71 Nov13 291.10 291.30 288.80 288.80 ***** *****0 Dec13 290.50
      649 words
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Nov 19 Index Change Change Change Change Change Change World Preliminary 1152.8 -0.3 22.9 -0.5 23.0 -0.3 20.8 EAFE Preliminary 938.1 -0.6 21.1 -0.8 19.2 -0.6 17.0 Europe Preliminary 1339.1 -0.6 16.7
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 25 Nov 20 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 5.720 0.694 7.278 58.766 109.382 0.939 9.930 2.990 1.126 100.993 41.011 1.168 9.563 0.855 27.744 29.758 0.582 0.939 Canada 1.018 5.820
      471 words
    • Article
      Lock icon SIBOR
      40 25 Nov 20 (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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      Lock icon GOVERNMENT SECURITIES
      85 25 Nov 20 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-16 101.84 5-Year N*****0T 0.5 01-Apr-18 99.63 10-Year NX*****H 2.750 01-Jul-23
      85 words
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      Lock icon PRECIOUS METALS
      142 25 Nov 20 PRECIOUS METALS GOLD(US$/oz) Nov 20 Nov 19 Hong Kong 1281.00 1281.00 Nov 19 Nov 18 London 1274.48 1279.71 1275.41 1280.63 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Nov 20 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 115 51 5gm
      142 words
    • Article
      Lock icon PALM OIL
      61 25 Nov 20 Nov 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 13 2555.0 2562.0 2585.0 2550.0 118 5120 Jan 14 2555.0 2557.0 2595.0 2547.0 4878 ***** Feb 14 2556.0 2556.0 2596.0 2545.0 ***** ***** Mar 14
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Nov 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1676 1.1684 0.9387 0.9391 Canadian dollar 1.1882 1.1888 0.9555 0.9553 Euro 1.6834 1.6840 1.3534 1.3535 NZ dollar 1.0368 1.0378 0.8336 0.8341 Sterling pound 2.0062 2.0071 1.6130 1.6132
      155 words
    • Article
      Lock icon CHICAGO BOT
      112 25 Nov 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1276.25 1287.50 1294.00 1268.25 Mar 14 1264.25 1273.25 1279.00 1256.25 May 14 1252.75 1259.50 1263.75 1245.00 Jul 14 1249.25 1255.00 1258.00 1241.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
      112 words
    • Article
      Lock icon LIFFE
      95 25 Nov 19 COCOA (£/tonne) Close Prev High Low Dec 13 1775 1763 1786 1756 Mar 14 1774 1766 1785 1758 May 14 1769 1760 1778 1752 Jul 14 1762 1756 1771 1747 COFFEE(US$/tonne) Close Prev High Low Nov 13 1556 1559 1556 1556 Jan 14 1563 1566 1584 1545
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1190 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 15.5 0.0 5 -77 56 Asia-Pacific Strategic W*****6 Ratio Acma Ltd W*****7 Price Prem Ascendas Reit MB ECW*****3 2.9 0.2 240 4 Asiatic Grp(Hldgs) Ltd W*****5 2.2 -0.1
      1,190 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Nov 19 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.24 -0.44 WTI (Near Mth) 93.43 0.45 Dubai (1-Mth F) 105.10 0.38 Tapis blend 113.10 0.19 Minas 107.30 0.19 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.67 -0.33 Jet Kerosene 121.72 -0.28 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Nov 20 S$ Bid Offer 1-month 1.2438 1.2442 2-months 1.2437 1.2441 3-months 1.2437 1.2441 6-months 1.2433 1.2438 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      65 25 Nov-19 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1748.50 1736.75 3 months 1794.00 1783.00 Copper, Grade A(US$/tonne) Cash 6958.50 6960.75 3 months 6970.00 6975.00 Lead(US$/tonne) Cash 2069.00 2060.00 3 months 2090.00 2081.00 Nickel (US$/tonne) Cash *****.00 *****.00 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 25 As at 9am Nov 20 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.198 1.141 Can dollar 1.209 1.163 Euro 1.724 1.642 Sterling pound 2.041 1.963 NZ dollar 1.062 1.022 US dollar 1.267 1.207 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 25 Nov 20 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ 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
      157 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Funds go on home buying spree in US
      1480 26 They are investing in homes in reviving markets to renovate and rent out NYT [NEW YORK] Standing in the dining room of the early 1900s-era brick rowhouse, deep in the Bushwick section of Brooklyn with not a frozen yoghurt shop or Starbucks
      NYT; PHOTO: BLOOMBERG  -  1,480 words
    • Article
      Lock icon Househunt
      781 26 PROPERTY TRANSACTIONS FOR DISTRICTS 4 TO 23 WITH CONTRACT DATES BETWEEN OCT 16 AND OCT 22, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 4 LANDED Cove Way 4-Det 18/10/2013 99 ***** ***** 1716 NON-LANDED Teresa Ville Apt 18/10/2013
      781 words
    • Article
      Lock icon German home approvals highest in 9 years
      285 26 Reuters [BERLIN] Approvals to build homes in Germany rose by 13.5 per cent in the first nine months of this year compared to the same period in 2012, hitting their highest level since 2004, data showed on Tuesday. Low interest rates combined with
      Reuters  -  285 words
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      Lock icon China developers venture out in a big way
      1937 27 Regulatory curbs spur them to look to West, Down Under for opportunities Bloomberg [LOS ANGELES] Property developers from China are committing billions of dollars to projects around the world, from apartment towers in Brooklyn, New York and a new business district in
      Bloomberg; PHOTO: BLOOMBERG  -  1,937 words
    • Article, Illustration
      Lock icon Malaysia acts to cool property demand
      1403 28 It addresses rising prices, concerns about affordability Bloomberg [SINGAPORE] Chris Metcalf commutes for 45 minutes to Singapore each day from Iskandar, a region just over the border in Malaysia, to work as a lawyer at Clyde Co LLP. “It’s too expensive to live in
      Bloomberg; FILE PHOTO  -  1,403 words
    • Article
      Lock icon Paterson Hill is world’s 5th most expensive street
      471 28  -  Hong Kong’s Pollock's Path tops the list compiled by Billionaire.com By LEE MEIXIAN leemx@sph.com.sg SINGAPORE'S Paterson Hill has been ranked the world’s fifth most expensive street, with an average price of US$42,500 per square metre, or $4,998 per square foot (psf). The
      471 words
    • Article
      Lock icon Thai developer Hemaraj to sell its first property fund
      664 28 It plans to raise 4.5b baht to finance new projects in Thai property. Bloomberg [BANGKOK] Hemaraj Land Development Pcl, Thailand’s biggest industrial land developer, plans to raise about 4.5 billion baht (S$176.8 million) by selling its first property fund to help
      in Thai property. – Bloomberg  -  664 words
  • Page 26 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      137 27 JTC FACTORY IN LOYANG FOR SALE Single-storey standard factory with mezzanine level and rear extension Land Area: Approx. 57,700 sq ft Gross Floor Area: Approx. 41,000 sq ft JTC balance lease of about 39 years Business 2. Plot Ratio 2.5 Suitable for end-users For Enquiries, Please Call Ng Ee Kiat
      137 words
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      Lock icon Page 27 Advertisements Column 2
      81 27 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to i 11 IUU. ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR FREE IMPARTIAL ADVICE TO REVIEW ALL OF YOUR OPTIONS. RARE! FREEHOLD
      81 words
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      Lock icon Page 27 Advertisements Column 3
      82 27 High Floor Office Units at Peninsula Plaza for Sale Entire floor comprising 6 strata units Units from 990 to 1,776 sf Total strata area 8,514 sf 100 m to City Hall MRT Excellent unblocked view of Marina Bay Area Invitation of bids for single or multiple units Expression Of Interest
      82 words
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      Lock icon Page 27 Advertisements Column 4
      295 27 Building Wealth Through Global Property Investment We help our clients identify opportunities, BUILD PORTFOLIOS AND HELP THEM MAXIMIZE THEIR WORLD-WIDE ASSETS WITH MINIMAL RISKS. INCOME GENERATING ASSETS ~Benefit from secure and regular income returns plus long-term asset appreciation~ Singapore Commercial Buildings in business district with 3-4% returns Bulk sale of
      295 words
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      158 28 FIABCI Prix d Excellence Award 2013 s i n a r a n w I rr •acs HI iiSS*5 THERE'S ALWAYS ROOM FOR MORE LUXURY AT THE TOP The penthouses of Soleil Sin a ran embody the very finest in ultimate luxury living. The desirability is further heightened by the
      158 words