The Business Times, 27 November 2013

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Total Pages: 32
1 32 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, November 27, 2013
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  • Article
    Lock icon Challenging times ahead for S’pore Reits
    1062 1  -  Other countries are catching up while S’pore needs to address some tax issues By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] Singapore has established itself as a major Asian hub for real estate investment trusts (Reits) in slightly over a decade, but it now faces both external
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,173.51 (-7.14) HST INDEX FUTURES 3,174.00 (-7.00) HSIMSCI 367.72 (-0.08) HSIMSCI FUTURES 368.00 (-0.40) US$ S$ US$ (S$ per US$) 1.251 (US$/S$ per 1.617 2.022 EURO (US$/S$/€ 1.354 1.694 Foreign currency per US$ S$ YEN 101.50 81.10 RM 3.217 2.572 HK$ 7.753 6.199 BAHT 32.00 25.59 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,798.13 +0.16 NIKKEI 225 15,515.24 -103.89 HANG SENG 23,681.28 -3.17 SET INDEX 1,358.69 +5.83 JAKARTA COMP 4,235.26 -99.54 MANILA COMP 6,025.37 +21.11 SEOUL COMP 2,022.64 +6.66 SHENZHEN B 868.86 +2.74 MUMBAI IND 20,425.02 -180.06 11.00am EST Change DOW 16,089.88 +17.34 NASDAQ 4,004.05 +9.47
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    • Article
      Lock icon PRIME RATES
      23 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA JAPAN TAIWAN KOREA JAPAN 1.475 KOREA 9.33 SWITZERLAND 0.50 INDIA 3.25 Source: Bloomberg
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  • Article, Illustration
    Lock icon Strong interest in new Mercedes-Benz S-Class
    546 1  -  Nearly 400 orders for flagship luxury limousine By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] What is half a million dollars in the Singapore context? Apparently it’s not that big a deal if you happen to be one of the hundreds of people who have booked the
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      149 1 COMPANIES SGX wants to give your money back PAGE 8 MALAYSIA 7-Eleven IPO hits snag PAGE 13 STRAIT TALK How not to resolve ship disasters PAGE 21 COMMENTARY Lessons for Mideast from Iran pact PAGE 25 REITS IN FOCUS IReit boom brings both pain and gain IBusiness trusts, Reits and
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      449 2 Challenging times ahead for S’pore Reits SINGAPORE has established itself as a major Asian hub for Reits in slightly over a decade, but it now faces both external challenges and domestic constraints. FRONT PAGE Strong interest in new Mercedes-Benz S-Class DAIMLER South-east Asia would not confirm the number,
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    • Article, Illustration
      Lock icon Singapore manufacturing output rises 8% in Oct
      634 2  -  Electronics going strong while biomed sector posts 2.3% contraction By KELLY TAY kellytay@sph.com.sg [SINGAPORE] Another dou-ble-digit jump in electronics output boosted Singapore’s manufacturing performance in October, and economists expect the sector to continue to power industrial growth in the months ahead. Even so,
      Source: Economic Development Board  -  634 words
    • Article
      Lock icon Locally made solar panels for two large projects here soon
      519 2  -  By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] Made-in-Sin-gapore solar panels from Norwegian group REC’s $2.5 billion integrated plant in Tuas are being installed at two upcoming util-ity-scale projects here. One is at supermarket group Sheng Siong’s distribution centre in Mandai, which is
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    • Article, Illustration
      Lock icon Protesters intensify campaign to oust Thailand’s govt
      473 2 Reuters [BANGKOK] Thousands of protesters surrounded Thailand’s Interior Ministry and forced the evacuation of four others yesterday, intensifying their campaign to bring down the government of Prime Minister Yingluck Shinawatra. The demonstrators defied a tough security law imposed late on Monday, after they
      Reuters; PHOTO: AFP  -  473 words
    • Article
      Lock icon S’pore ranked No 2 in global talent index
      585 5  -  Country’s competitiveness gauged on quality of talent it can produce, attract, retain By CHUANG PECK MING peckming@sph.com,sg [SINGAPORE] Singapore is ranked the second most competitive nation in the world when it comes to producing, attracting and retaining talent, according to a new
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    • Article, Illustration
      Lock icon Largest roll-out of BTO and SBF flats in latest launch
      615 5  -  By ONG CHOR HAO ongch@sph.com.sg [SINGAPORE] Home-buy-ers can choose from 8,952 Housing and Development Board (HDB) flats in the largest joint roll-out of Build-to-Order (BTO) and Sale of Balance Flats (SBF) units. Yesterday’s launch eclipsed the previous mark of 8,262
      BT Graphics: Hyrie Rahmat, Patricia Paramita Husada  -  615 words
    • Article, Illustration
      Lock icon DBS among bidders for SocGen’s Asia private bank
      406 5 Reuters [HONG KONG] Singapore’s DBS Group Holdings and ABN AMRO are among the suitors to place final bids for Societe Generale’s Asia private bank, in a US$400 million deal, as smaller players exit the region’s competitive private banking business. A successful deal
      Reuters; PHOTO: REUTERS  -  406 words
    • TOP STORIES: REITS IN FOCUS
      • Article, Illustration
        Lock icon Reit boom brings both pain and gain
        1232 6  -  In just 13 years, Singapore has established itself as a major Reit hub in the region. MINDY TANandONG CHOR HAOreport on what it has achieved and where it is headed HAOreport MINDY TANandONG CHOR HAOreport REAL estate investment trusts (Reits) may be a
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      • Article, Illustration
        Lock icon Business trusts, Reits and shares of trust
        1298 6 IT trades like a real estate investment trust (Reit), and often emulates its characteristics, but business trusts (BTs), sometimes loosely labelled the “poorer cousin” of Reits, operate very differently from Reits. Broadly speaking, the key differentiating factors between Reits and BTs lie in
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      • Article, Illustration
        Lock icon The one that started it all
        773 6 tanmindy@sph.com.sg ongch@sph.com.sg WITH a total market capitalisation of almost $61 billion as at November, Singapore’s Reit and business trust (BT) market has come a long way. But ask pioneers who helped seed the ground at the turn of the century, and they would be
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      • Article, Illustration
        Lock icon Reits at a glance
        244 7 CREDITS Mindy Tan and Ong Chor Hao (BT Newsdesk), Eugene Teo (BTDigital), Yvonne Poh (BT Subs Desk), Hyrie Rahmat (BT Art), Yen Meng Jiin (BT Photo) Note: Business Trusts are highlighted in coloured bars. Source: DBS, Bloomberg analyst consensus as at Nov 5, 2013 Source: DBS,
        Source: DBS, Bloomberg analyst consensus as at Nov 5, 2013; Source: DBS, Bloomberg analyst consensus as at Nov 5,2013; Source: UBS  -  244 words
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      522 2 cutting through complexity KPMG Seminar Series i Remuneration Reporting in Forms IR8A/IR21 Workshop 2014 Date Wednesday, 8 January 2014 Time 9.00am to 5.30pm Venue Cassia Junior Ballroom Level 3 Marina Bay Sands 10 Bayfront Avenue Singapore *****6 Seminar fees KPMG Client Alumni SS500 per participant Standard S$550 per participant The
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      78 3 We expect airports to offer limited choices. Until we experience one that serves up a sumptuous selection. Indulge in a gastronomic adventure at Changi Airport. With over 120 food and beverage outlets to choose from, you'll look forward to every meal at the airport. Rethink travel at changiairport.com f! A
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      334 4 CONGRATULATIONS TO CHINA PIPELINE MARINE ENGINEERING CO LTD ON THE COMPLETION AND DELIVERY OF THEIR 1600MT DERRICK PIPE LAYING ACCOMMODATION BARGE 'f-i 5'! wt m 3 m cl *0 I I Vi F* AH r f B m m 36 > i jr j at ft N s» ft r
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      53 5 MEGAWIND k f£5 <f\l 4 v. V: ft? I/. m V JS i a k if-y. X :< .f ivBeF HOROLOGICAL LAB WWW.MBANDF.COM H THE HOUR GLASS SINGAPORE PARAGON MORE PASSION TEL: 65-6735 6466 ION ORCHARD L'ATELIER TEL: 65-6509 9268 KNIGHTSBRIDGE MALMAISON TEL: 65-6884 8484 KUALA LUMPUR PAVILION SHOPPING MALL
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      27 7 Go online for more on The Business Times special feature on Reits. Find video interviews, interactive timeline and map detailing the geographic reach of S-Reits at businesstimes.com.sg/reits
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SGX: Investors, please come get your money
      606 8  -  89,000 people have not claimed $68.3m of dividends and SingTel shares By haoxiang@sph.com.sg CAI HAOXIANG haoxiang@sph.com.sg SOMEWHERE out there, someone has $1.2 million worth of unclaimed dividends. The unknown investor is one of 89,000 people who have not claimed their dividends and SingTel
      Source: SGX  -  606 words
    • Article
      Lock icon First DBS Basel-III securities achieve $800m target
      747 8  -  By SIOW LI SEN lisen@sph.com.sg DBS Group Holdings’ first Basel III issue non-cumulative, non-convertible perpetual capital securities callable in 2019 has achieved the target issue size of $800 million. Strong interest enabled the issue to be priced at an initial distribution rate of
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    • Article
      Lock icon Fullerton Fund Management offers short-term Asia bond fund
      508 8  -  By SIOW LI SEN lisen@sph.com.sg FULLERTON Fund Management has launched an Asian Short Duration Bonds Fund with Bank Julius Baer as the exclusive private banking distributor during the launch period. The fund is an Asia-fo-cused short-duration fixed-income investment solution designed to provide
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    • Article
      Lock icon ST Engg’s US yard bags deal worth US$350m
      352 9  -  It will build 2 of the world’s first LNG-powered box cum ro-ro vessels By JACQUELYN CHEOK jaccheok@sph.com.sg ST Engineering’s US shipyard, VT Halter Marine, has signed a US$350 million contract with Florida’s Crowley Maritime Corporation to build two of the world’s first
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    • Article
      Lock icon Cedar Strategic gets 36m yuan revenue boost
      299 9  -  By JACQUELYN CHEOK jaccheok@sph.com.sg CATALIST-LISTED Cedar Strategic Holdings (CSH) said yesterday that its newly acquired subsidiary, Guiyang Shunhe Real Estate Development, had received in November around 36 million yuan (S$7.4 million) from the sale of 7,416 square metres of commercial units in its
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    • COMPANY BRIEFS
      • Article
        Lock icon Vallianz bags US$150m in charter contracts
        43 9 OFFSHORE marine services provider Vallianz Holdings has secured US$150 million in charter contracts for its platform-supply vessels from a Middle East company, commencing from the first quarter of 2014 and running for a period of five years.
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      • Article
        Lock icon Willas-Array gets dual primary listing in HK
        59 9 THE Stock Exchange of Hong Kong Limited has given in-principle approval to the dual primary listing of Singapore-listed Willas-Array Electronics (Holdings) Limited. The company has appointed Standard Chartered Securities (Hong Kong) Limited as the bridging dealer for bridging arrangements to facilitate the migration
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      • Article
        Lock icon Mermaid’s M-E units win US$30m deals
        47 9 MERMAID Maritime Public Company Ltd said that its business units serving the Middle East were recently awarded a suite of subsea services contracts worth US$30 million for air-diving services, including air diving for pipeline free-span correction and a subsea cable-laying contract.
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    • Article, Illustration
      Lock icon Corporate sentiment in S-EA hits 2-year high
      483 9  -  EY survey shows S’pore firms keen to pursue acquisitions By KENNETH LIM kenlim@sph.com.sg CONFIDENCE among South-east Asian companies recovered to a two-year high in October, and decision makers are turning their focus towards growth and investments, according to a survey by Ernst and
      Source: Ernst and Young  -  483 words
    • Article
      Lock icon GLP to rent 140,000 sq ft space in Suzhou to Geodis
      365 11  -  GLP Park Suzhou comprises 5.9m sq ft of completed warehouse space By GRACE LEONG gleong@sph.com.sg GLOBAL Logistic Properties (GLP), which last week launched the world’s largest China-focused logistics infrastructure fund worth more than US$3 billion, has agreed to rent
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    • Article
      Lock icon Rex International gets 1.21m Fram shares worth US$7m
      285 11  -  By CARINE LEE carinel@sph.com.sg REX International has received 1.21 million shares in Fram Exploration ASA at US$5.80 apiece. The number of shares issued was reduced from 1.27 million. Valued at US$7 million, the shares represent 4.79 per cent of the enlarged share
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    • Article
      Lock icon Marco Polo profit up 5% at $22.3m
      346 11  -  It expects continued growth from offshore oil sector By GRACE LEONG gleong@sph.com.sg GAINS in ship chartering and offshore operations boosted mainboard-listed Marco Polo Marine’s fiscal 2013 earnings amid a subdued market environment. Net profit for the full year ended Sept 30 grew 5
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    • Article
      Lock icon Ong First, Taiwan firm form joint venture
      251 11  -  By MICHELLE QUAH michquah@sph.com.sg SINGAPORE futures broker Ong First Tradition Pte Ltd has tied up with Taiwan’s second-largest securities company KGI Securities Co Ltd, to form KGI Ong Capital Pte Ltd. The new entity will be able to offer a range of financial
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      70 8 20th ANNUAL INVESTING IN AFRICAN mm Cape V INDABA 3-6 FEBRUARY, 2014 Town, South Africa Where the World Connects with African Mining™ IWI A C Jr 4 A Ml. EBfa INl JT b AFRICAN MINING INVESTMENTS Unearth the Opportunities at the World’s Foremost Mining Investment Event Presented By: MINING INDABA.
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      196 9 A T r. WE STARTED THINKING ABOUT TODAY THREE YEARS AGO Knowing what is happening in markets around the world today is not enough. Successfully investing clients' assets requires more. Identifying hidden risks. Uncovering future opportunities. Our time-tested investment process helps us separate market noise from market signals and look
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Quiet, listless session yet again
      598 10  -  Business continues to be in the doldrums; STI’s gain for the year only six points STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE Straits Times Index yesterday dropped 7.14 points to 3,173.51, in yet another quiet and featureless day for the local market. The STI is
      Source: Bloomberg  -  598 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 10 Nov 26 VALUE CLOSE BT OB/OS -380.0 +142.0 BT CADI -*****.0 +62.0 BT 10-day MA -*****.00 -38.00 FTSE ST Mid Cap 725.58 +1.48 FTSE ST Small Cap 536.11 +5.10 FTSE ST All Share 769.55 -0.50 FTSE ST China Top 201.37 +0.79 FTSE ST China 227.16 -0.72 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 1 0 0 0 5 8 1 Manufacturing 49 35 47 10 8 6 59 43 53 Commerce 20 16 21 8 1 2 28 17 23 Tpt/Stor/Comms 12 12 12
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      969 10  -  Compiled by Teh Shi Ning Land transport sector Nov 26 close for SMRT: $1.31 ComfortDelGro: $1.99 Maybank Kim Eng Research, Nov 26 THE Fare Review Mechanism Committee (FRMC) recently proposed several changes to the existing fareadjustment formula, which were subsequently accepted in full by the government. The inclusion
      Source: Bloomberg  -  969 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 9,717 9,717 45,006 45,006 Manufacturing 165,546 48,560 214,106 103,890 1,991 105,880 Commerce 170,589 320,952 491,541 132,293 20,301 152,594 Tpt/Stor/Comms 139,685 15,172 154,857 189,507 1,845 191,352 Finance 45,702 76 45,778 111,735 26 111,761 Construction 54,551 65,848
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 10 Stock name Close Change CapMallsAsia 2.010 -0.010 CapitaLand 3.020 CapitaMall 1.955 +0.005 CityDev 9.970 -0.050 ComfortDelGro 1.990 +0.025 DBS Grp 17.100 +0.050 GLP 2.930 -0.020 Genting SP 1.470 +0.010 Golden Agri 0.585 +0.010 HK Land 5.970 -0.050 HPH Trust US$ 0.680 -0.010 JMH 51.020 -1.040 JSH
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    • Article, Illustration
      Lock icon Baht under pressure despite intervention
      513 10 CURRENCIES Reuters [SINGAPORE] Suspected intevention by the Thai central bank helped pull the baht off 11-week lows yesterday, but mounting political tensions are sparking heavy outflows of foreign money, keeping pressure on the currency. The Thai baht lost as much as 0.4 per cent in
      Reuters; PHOTO: REUTERS  -  513 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 10 VOLUME Albedo 187,991,000 SingHaiyi 134,148,000 Vallianz Hldgs 82,773,000 HPH Trust US$ 67,985,000 Noble Grp 64,205,000 Charisma Energy 63,775,000 Transcu Grp 61,861,000 Golden Agri 52,534,000 GSH Corp 42,904,000 Innopac 33,987,000 VALUE($) Noble Grp 71,420,480 SingTel 59,847,530 HPH Trust US$ 58,078,956 DBS Grp 44,642,530 Golden Agri 30,559,210 OCBC Bk
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    • Article
      Lock icon RISES
      109 10 BY CENTS CLOSE UP GLD 10US$ ***** 228.9 1.5 IS S&P500 ***** 195.1 0.9 Lyxor US DJIA 10 US$ 1633 98.8 5.1 Lyxor Indonesia10US$ 7545 60.0 0.6 DBXT S&P500 10US$ 2980 45.0 1.2 DBXT MSKorea 10US$ 6357 41.3 0.5 Jardine C&C 3530 31.0 0.9 Boustead Sp 175 13.0 8.0
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    • Article
      Lock icon FALLS
      125 10 BY CENTS CLOSE DOWN JMH 5102 -130.1 -2.0 DBXT MSTaiwan 10US$ 1928 -77.5 -3.1 JSH 3182 -47.5 -1.2 DBXT MSJAP 10US$ 4694 -32.5 -0.6 SGX.ES.1311 722 -22.0 -3.0 DBXT MSINDO 10us$ 1184 -21.3 -1.4 DBXT MSEurope 10US$ 5798 -20.0 -0.3 Hyflux 6% CPS 10 ***** -19.0 -0.2 DBXT MSCHINA
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      Lock icon FTSE ST CATALIST INDEX
      5 10 DAILY
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      839 11 HALCYON AGRI CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****4595D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Halcyon Agri Corporation Limited (the “Company”) will be held at RELC International Hotel, 30 Orange Grove Road (Off Orchard Road),
      839 words
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      140 11 SINGAPORE WORKFORCE SKILLS QUALIFICATIONS When Your Customers Are Happy, So Are Your Shareholders And Employees SHAREHOLDERS CUSTOMERS r Service excellence is about creating consistent value for your customers. When your customers are happy, they develop lasting relationships with your business and return as loyal clients. The result? More sales and
      140 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon NTUC to launch 3 one-stop centres for PMEs next year
      528 12  -  Services will range from career advice to professional development By LEE U-WEN leeuwen@sph.com.sg WITH more professionals, managers and executives (PMEs) in the workforce today, the National Trades Union Congress (NTUC) is ramping up its efforts to reach out to this
      FILE PHOTO  -  528 words
    • Article
      Lock icon Alleged hacker judged fit to plead by IMH
      617 12  -  By JOYCE HOOI joyceh@sph.com.sg ALLEGED hacker James Raj Arokiasamy has been found fit to plead, following his psychiatric evaluation at the Institute of Mental Health (IMH), the court heard yesterday. He will be remanded another week without access to counsel, this time
      617 words
    • Article, Illustration
      Lock icon Restaurant goers are quite happy
      399 12  -  Index of customer satisfaction for F&B and tourism go up By TEH SHI NING tshining@sph.com.sg FOOD and beverage (F&B) outlet operators, who have been vocal about how tightened foreign manpower policies have crimped their ability to hire sufficient workers, can take comfort in the fact
      FILE PHOTO  -  399 words
    • Article, Illustration
      Lock icon Mandala-inspired work scoops 2 prizes
      422 12  -  Stefanie Hauger’s abstract wins UOB Painting of the Year for S’pore, S-E Asia By HELMI YUSOF helmi@sph.com.sg SINGAPORE permanent resident Stefanie Hauger’s abstract work has won the UOB Painting of the Year (Singapore) and also the UOB Southeast Asia Painting of the Year honours. The
      PHOTO: UOB AND THE ARTIST  -  422 words
    • Article
      Lock icon Spy spat: S’pore envoys meet KL, Jakarta officials
      586 12  -  By S JAYASANKARAN in Kuala Lumpur SINGAPORE’S High Commissioner to Malaysia, Ong Keng Yong, yesterday told Putrajaya that he was unable to comment on media reports alleging that Singapore was helping others to spy on Malaysia. Mr Ong met Othman Hashim, the
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    • Article
      Lock icon NTU, Laos uni set up environment centre in Vientiane
      287 12  -  By VIVIEN SHIAO vshiao@sph.com.sg THE Nanyang Technological University (NTU) will be setting up a new Centre of Excellence for Environmental Management in Vientiane, Laos, in partnership with the National University of Laos (NUOL). BT understands that the total investment amounts to
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon 7-Eleven IPO hits snag over insufficient disclosure
      522 13 Company did not explain reason for toppish valuation of business: sources [PETALING JAYA] Disclosures surrounding the toppish valuation of Seven Convenience Bhd, the owner of 7-Eleven stores, is the reason why its planned flotation has hit a snag, banking sources say. According to
      522 words
    • Article
      Lock icon M’sia retail: Padini’s profit rises, Parkson’s plunges
      454 13  -  By PAULINE NG in Kuala Lumpur PADINI Holdings rose 6.7 per cent to RM1.76 while Parkson Holdings lost 2.7 per cent to RM3.59 on Bursa Malaysia yesterday on the back of a contrasting retail performance in the July-September period. In the first quarter
      454 words
    • Article, Illustration
      Lock icon Rupiah drops to weakest level since March 2009
      402 13 Bloomberg Reuters [JAKARTA] Indonesia’s rupiah dropped to its weakest level yesterday since March 2009 after the nation missed its fund-raising target at a domestic dollar debt sale amid concern the Federal Reserve will bring forward a plan to cut stimulus. The government
      Bloomberg; Reuters; PHOTO: BLOOMBERG  -  402 words
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      62 13 16 18 July 2014 Marina Bay Sands, Singapore 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 Blk 8 Lorong Bakar Batu, #07-07 Singapore *****3 Tel:
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      399 13 Course Objective In the present confusing economic and financial scenario characterized by volatile stock markets and even more volatile stock price movements, you need to have an advantage in stock trading. Technical Analysis will give you that winning advantage in stock transaction timing! Amidst the market uncertainties, it is now
      399 words
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      110 13 Men’sHealthsmmK j URBmiHlBH 20Uf THE TOUGHEST URBAH RACE EVER! 14KM ROUTE, 9 URBAN OBSTACLES M ENS HEALTH.COM.SG L\ aft* A 551^; v. 2923 >« sy a y 5^ *5 MAR 2,2014 (SUN) -7AM NIGOLL HIGHWAY THIS YEAR’S RACE IS GUARANTEED TO RE YOUR TOUGHEST EVER, WITH 5 NEW ORSTACLES AND
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China plans mixed-ownership model for reform of SOEs
      624 14  -  Entry of private and foreign capital will bring changes to these businesses, raise efficiency By SC YEUNG [HONG KONG] In their recent plenum, the Communist Party of China’s top leaders made it clear that state-owned enterprises (SOEs) will continue to play a
      PHOTO: AP  -  624 words
    • Article
      Lock icon Antitrust probe of Qualcomm may be linked to 4G rollout
      455 14 Reuters [SHANGHAI] Chinese regulators have launched an antitrust investigation into Qualcomm, the US mobile chipmaker said, and some analysts suggested China’s government may be seeking leverage in royalty negotiations. China’s largest cellphone carrier is preparing a major move to 4G
      Reuters  -  455 words
    • Article
      Lock icon India Q2 growth seen at under 5%
      408 14 Bloomberg [NEW DELHI] India’s economic growth probably held below 5 per cent for a fourth straight quarter, the longest stretch in data going back to 2005, as Prime Minister Manmohan Singh struggles to boost investment and tame elevated inflation. Gross domestic product rose
      Bloomberg  -  408 words
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      217 14 -v a A NUTCRACKER STORY AT MARINA MANDARIN Step in at Marina Mandarin and make your Christmas story come alive with life-size Gingerbread house decked with Nutcracker toy soldiers and assorted Christmas goodies. Be part of the experiential festive dining at Aquamarine and Peach Blossoms or spread the cheer with
      217 words
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  • WORLD
    • Article
      Lock icon Goldman’s billion-dollar currency trading definition
      881 15 It says no currency trading loss for Q3, but loses US$1.3b in currency products Bloomberg [NEW YORK] What’s the difference between trading currency products and currency trading? More than US$1 billion, according to Goldman Sachs Group Inc. The investment bank said last week that it
      – Bloomberg  -  881 words
    • Article
      Lock icon Mogul to put Canada refinery plan to regulators
      500 15 Reuters [VANCOUVER] A Canadian newspaper mogul is pushing ahead with a US$27 billion plan to build an oil refinery on Canada’s west coast, hoping to file for regulatory approval before year-end and with construction targeted for 2016. The 550,000-barrels-a-day plant would easily
      Reuters  -  500 words
    • Article, Illustration
      Lock icon Trade diplomats fail to seal WTO pre-summit deal
      439 15 Devil in the details scuppers crucial Bali meet next month AFP AP [GENEVA] Negotiators have failed to craft the first global trade deal in more than a decade, which could have given the world economy a US$1 trillion boost, the director-general of
      AFP; AP; PHOTO: AFP  -  439 words
    • Article
      Lock icon NSA spying uproar risks loss of US$35b in US tech sales
      847 18 It is also impeding US efforts to promote Internet freedom globally Bloomberg [WASHINGTON] International anger over the National Security Agency’s (NSA) Internet surveillance is hurting global sales by American technology companies and setting back US efforts to promote Internet
      Bloomberg  -  847 words
    • Article, Illustration
      Lock icon US spies may have targeted data centre cables
      701 18 That could explain how NSA bypassed Google, Yahoo to listen in on users NYT [SAN FRANCISCO] The recent revelation that the US National Security Agency was able to eavesdrop on the communications of Google and Yahoo users without breaking into the companies’
      – NYT; PHOTO: BLOOMBERG  -  701 words
    • Article, Illustration
      Lock icon Vestas aims to take wind power to rural areas
      650 18 NYT [NEW YORK] In recent years, solar energy has emerged as a solution for powering places that lack sufficient electricity, frequently remote areas in developing nations where conventional fuel can be expensive. Now, Vestas, the wind technology giant, is betting its
      NYT; PHOTO: BLOOMBERG  -  650 words
    • Article, Illustration
      Lock icon Chrysler delays IPO till 2014 as Fiat negotiates stake purchase
      656 18 NYT [DETROIT] Chrysler will not move forward with an initial public offering until next year at the earliest, giving its parent company, Fiat, more time to negotiate the purchase of a 41.5 per cent stake held by a union healthcare
      NYT; PHOTO: BLOOMBERG  -  656 words
    • Article, Illustration
      Lock icon London gold price fixing under regulator scrutiny
      593 19 Traders involved in setting benchmark rate seen having unfair advantage Bloomberg [LONDON] Every business day in London, five banks meet to set the price of gold in a ritual that dates back to 1919. Now, dealers and economists say knowledge gleaned on those
      Bloomberg; PHOTO: BLOOMBERG  -  593 words
    • Article, Illustration
      Lock icon Start-ups’ glossy figures mean little
      614 19 Reuters [SAN FRANCISCO] A growing group of social and mobile Web services are poised to become the next Facebook Inc. Just ask them. Online start-ups with eye-popping statistics that purport to show their popularity have captivated the attention of the media and investors. Companies boast
      Reuters; PHOTO: AFP  -  614 words
    • Article
      Lock icon Oct housing permits jump 6.2%
      312 19 LATEST US DATA Reuters [WASHINGTON] Permits for future US home construction rose to their highest level in nearly 5-1/2 years in October, suggesting the housing market recovery remained intact despite recent signs of slowing down. The Commerce Department said yesterday building permits jumped 6.2 per
      Reuters  -  312 words
    • Article
      Lock icon China and CEE countries pledge to boost ties
      515 19 AFP [BUCHAREST] China and 16 Central and Eastern European (CEE) countries pledged yesterday to boost two-way investment and trade, insisting that European Union (EU) regulations will be met. “China eyes cooperation in infrastructure, communications, high-speed railway projects, which will lead to massive
      AFP  -  515 words
    • Article
      Lock icon No drop in oil prices despite Iran nuke deal
      564 19  -  IEA sees no fall in long run due to high output cost, demand By in London NEIL BEHRMANN in London OIL prices have remained high in a sceptical market, despite expectations that a preliminary sanctions relaxation agreement with Iran will last
      564 words
    • Article, Illustration
      Lock icon Japan to dismantle policy on rice subsidies
      524 20 End of four-decade system in 2019 comes as Abe seeks to lift FTA barriers Bloomberg [TOKYO] Japanese Prime Minister Shinzo Abe’s government has approved a plan to end a four-decade-long policy that has helped to sustain the nation’s 1.2 million rice farms. The
      Bloomberg; PHOTO: BLOOMBERG  -  524 words
    • Article
      Lock icon Japan secrecy law stirs fears of suppression
      907 20 AP [TOKYO] A proposed state secrecy law in Japan that imposes stiffer penalties on bureaucrats who leak information and journalists who seek it is spurring a public outcry, with opponents blasting it as a heavy-handed effort to hide what the government is doing
      AP  -  907 words
    • Article, Illustration
      Lock icon Something to be thankful for this year – cheaper turkeys
      1005 20 Something to be thankful for this year cheaper turkeys Bloomberg [CHICAGO] The Henningsen Cold Storage warehouse in Stilwell, Oklahoma, was so jammed with frozen turkeys from the likes of Butterball LLC and Cargill Inc this year that manager Scott Mayberry turned down requests to store about one million more birds,
      Bloomberg  -  1,005 words
    • Article
      Lock icon Anxiety about jobs at a new high in US: poll
      758 20 WP [CHESTER, US] The alarm rang on John Stewart’s phone at 1:10 am. He was up at 1:30, caught one bus north into Philadelphia a little after 2 am and another bus, south toward Philadelphia International Airport, a half-hour after
      WP  -  758 words
  • Page 15 Advertisements
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      158 15 B gnngnrs X’ a > \0 :r v AN ORNATE CHRISTMAS -4“ Af Fairmont Singapore and Swissdtel The Stamford 57 -f This Christmas, adorn your Yuletide revelry with bespoke culinary experiences featuring exquisite menus and extravagant buffet selections, and a medley of gourmet take-home treats and chocolate indulgences at Cafe
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  • FORWARD THINKERS
    • Article, Illustration
      Lock icon Growing human capital ecosystem
      1734 16  -  HCLI is bent on producing an Asian leadership model, the institute’s chief tells CHUANG PECK MING as he reveals its role in the region By CHUANG PECK MING peckming@sph.com.sg THE offer was too good to refuse. Kwan Chee Wei would not be given a chance just
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  • Page 17 Advertisements
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      643 17 The greater promise of a greater cloud. By next year, 41 percent of enterprises are projected to have substantially implemented cloud technology into their practices—up from 13 percent in 2011. Only 16 percent of companies say they use the cloud for significant innovations, such as entering new lines of business
      643 words
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      1022 19 >&■ WATS NOTICES LOST SHARE CERTIFICATE The following share certificate has been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares ComfortDelGro *****0 Lee Boon Hwee 3,500 Corporation Limited (formerly known as Comfort Group Ltd) NOTICE IS HEREBY GIVEN that if within fourteen
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  • Transport HUB
    • Article, Illustration
      Lock icon How not to resolve ship disasters
      729 21  -  As Intertanko says, the Prestige incident sets a wrong precedent ‘for the treatment of ships’ masters as criminals’ STRAIT TALK By DAVID HUGHES IN NOVEMBER 2002, the single-hull aframax tanker Prestige broke in two and sank in the North Atlantic, off the Spanish coast.
      FILE PHOTO: AP  -  729 words
    • Article
      Lock icon Iran mobilises tanker shipping network to tackle unsold oil glut
      828 21 Reuters [LONDON] Iran is quietly mobilising more ships to store and transport oil, aiming to keep its fields working and mitigate losses of several billion dollars a month from sanctions which remain in place for at least another six months,
      Reuters  -  828 words
    • Article
      Lock icon TSA to raise Asia-US freight rates in 2 stages
      350 21 US$200 per 40-ft box on Dec 20, then US$300 on Jan 15 Reuters [COPENHAGEN] Container shipping lines have agreed to raise Asia-US freight rates in two stages by US$200 per 40-foot container (FEU) from Dec 20 and then by a further
      Reuters  -  350 words
    • Article
      Lock icon TRANSPORT STOCKS
      235 21 SGX '000 Nov 26 S$ +/-Vol Ch Offshore 0.44 0.01 164 Chuan Hup Hldg 0.26 unch 2 Cosco Corp 0.73 0.01 1530 Cwt Limited Vol First Ship Lea unch unch 0 Freight Links 0.10 unch 5081 Grand Banks 0.22 -0.01 108 Jaya Hold Ltd Chuan Hup Hldg.... 0.26
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    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Last call for world’s longest non-stop flight
        951 22 Singapore Airlines holds ‘retirement party’ for SQ22 before final takeoff NYT [NEW YORK] What seemed like a corporate holiday party had broken out near Gate B6 at Singapore’s Changi Airport. White-coated waiters offered drinks on silver trays. Chefs whipped up a variety of
        NYT; PHOTO: BLOOMBERG  -  951 words
      • Article
        Lock icon Chairman of Kuwait Airways suspended over plan to buy planes
        280 22 Reuters [KUWAIT] Kuwait has suspended the chairman of state-owned Kuwait Airways in a dispute over his plans to buy five used aircraft from India’s Jet Airways, which the company has since abandoned. Kuwaiti newspaper al-Qabas quoted the Communications Minister Esa
        Reuters  -  280 words
      • Article
        Lock icon Singapore, Jamaica ink open-skies agreement
        164 22  -  By NISHA RAMCHANDANI nishar@sph.com.sg SINGAPORE and Jamaica have signed an Open Skies Agreement (OSA) which will pave the way for designated airlines to fly between the two countries, as well as via and beyond a third country, without curbs in capacity, frequency or aircraft. Minister
        164 words
      • Article
        Lock icon Boeing’s latest woe: ice build-up in engine
        671 22 Some jets may not be allowed to fly near thunderstorms Bloomberg [NEW YORK] US regulators are poised to order airlines to avoid flying Boeing Co 787 Dreamliners and 747-8 jumbo jets with General Electric Co (GE) engines near thunderstorms after some of the
        Bloomberg  -  671 words
      • Article, Illustration
        Lock icon Royal Jordanian Air exploring sale of its first bonds
        374 22 Bloomberg [DUBAI] Royal Jordanian Airlines, the unprofitable carrier seeking a merger, is exploring a sale of its first bonds or sukuk along with more shares to prop up a balance sheet hurt by fuel costs and a local travel slump. The
        Bloomberg; FILE PHOTO  -  374 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon GM investors eye buyback, dividend with US govt exit
        743 23 Execs say priority is operations but with US$37b in liquidity payout is likely Reuters [DETROIT] General Motors Co investors are focused on the possibility of stock buybacks or a dividend on common shares now that the US government has outlined its
        Reuters; PHOTO: AP  -  743 words
      • Article
        Lock icon Piraeus port to offer HP, Huawei rail-freight service
        347 23 Bloomberg [ATHENS] Cosco Pacific’s Greek unit plans to offer cargo-train shipping to Hewlett-Packard and Huawei Technologies from next year, boosting Piraeus port’s chances of becoming a bigger trade gateway. Piraeus Container Terminal (PTC) is counting on five multinationals, including California-based HP and
        Bloomberg  -  347 words
      • Article
        Lock icon Peugeot roping in ex-Renault No 2 as CEO next year
        291 23 AFP [PARIS] Struggling French carmaker PSA Peugeot Citroen said on Monday that it had recruited the former number two of its competitor Renault to take over as its chief executive next year. “After conducting extensive research, the supervisory board chose
        AFP  -  291 words
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      347 22 CRYPTIC CROSSWORD Across 5 Sally and Harry originally are small parts (6) 8 Virgin Trains’ pie not a crumble (8) 9 Doctor Who always just the same (7) 10 Marvellous making use of change in purse (5) 11 Chase after stinkers a kind of fungus (9) 13 Executed last of
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  • Page 23 Advertisements
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      154 23 M STPROPERTY.SG a Will Hill ii ii I illII I" if hi 111 i: s:::: I!.:.,... iOlil l; li a III tl II III II SE II III I BBSS kl IlHMHHHMIl HllliGII ii 9 **5gS5; flSMMIIB jg ;5 IIIIIIIIII p n i\M rr vm i II III I 9
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  • EDITORIAL & OPINION
    • Article
      Lock icon Stop miscalculating risk of cyber threats
      482 24 EDITORIAL FOR the digerati, few dates have ever been so fraught as Nov 5 since the turn of the millennium. But now, instead of a computer being unable to process “00” as the year “2000”, the bogeyman of machinery is an actual man. Several
      482 words
    • Article, Illustration
      Lock icon China moves forward by taking slow, cautious steps
      774 24  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 MORE than three decades ago, Deng Xiaoping, who later became known as the chief architect of China’s reforms, decided to focus on economic
      774 words
    • Article, Illustration
      Lock icon China’s restructuring is a great opportunity
      978 24  -  Rebalancing from a producer model to a consumer society will pose a challenge to the US By STEPHEN S ROACH The writer is a senior fellow of the Jackson Institute of Global Affairs at Yale University and a former chairman of Morgan Stanley Asia
      PHOTO: BLOOMBERG  -  978 words
    • Article, Illustration
      Lock icon Lessons for Mideast from Iran pact
      1342 25  -  It is not a sign of the US pulling out from the region as the parallels to US rapprochement with China in the 1970s show LEON HADAR Washington Correspondent ‘ALLIES fear a US Pullback in Mideast’, shouted a headline splashed on the front page
      PHOTO: AFP  -  1,342 words
    • Article, Illustration
      Lock icon World needs a plan to stop food wastage
      697 25  -  1.3b tonnes of food wasted every year while 840m people go hungry every day By JOSÉ GRAZIANO DA SILVA, ACHIM STEINER The writers are, respectively, director-general of the UN Food and Agriculture Organization and executive director of the UN Environment Programme. Their
      Project Syndicate; PHOTO: AFP  -  697 words
    • Article
      Lock icon Investing in the future of the world
      767 25  -  By TAHIR The writer is Chair of the Mayapada Group and Bank Mayapada Project Syndicate [JAKARTA] WHEN I was boy, I dreamed of becoming a doctor. I was born in Indonesia in the early 1950s, a time when most families in my country
      Project Syndicate  -  767 words
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  • Article
    Lock icon SHIPPING TIMES
    2402 26 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
    2,402 words
  • Page 26 Advertisements
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      43 26 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 26 Advertisements Column 2
      18 26 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      73 27 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II THE OFFSHORE OIL GAS SPECIAL SUPPLEMENT IS NOW NLINE If you missed our recent superb editorial and industry highlights in The Business Times, log on to http://events.stclassified.sg/bt-offshoreoilandgas/ to
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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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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3119 28 Transaction date: Nov 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote 11.5 7 AEM --AAT C'vr 188 106 AIMSAMPIReit 148.5 -1.5 647 153 148
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    • Article
      Lock icon SGX CATALIST
      247 29 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 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
      247 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11184 29 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.5/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian Smaller Cos!" 1 9178/ China Opportunities! 2 8863/ FM local Ccy Bond .0 9028/ European Opportunities!" 1.2813/ Global Emerging
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    • Article
      Lock icon GLOBALQUOTE
      258 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 27 AVJennings A59 unch 3 59 59 57 60 3.6 5.9 4.8 218.4 52 31 Genting HK US$ US41 unch 8530 41 40 40.5 41 2699.7
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    • Article
      Lock icon SGX ETF
      887 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 143 127.7 CIMB APAC Div 100S$D 127.9 128.5 129.4 114.4 99.2 CIMB APAC Div 100US$ US103.7 +0.1 2 103.7 103.7 102.7 103.5 10.9 1510 1192
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      725 30 Nov 26 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.95 *****.97 *****.97 Dec13 *****.00 *****.00 *****.00 *****.00 *****3 *****5 Mar14 *****.00 *****.00 *****.00 *****.00 1558 6924 MSCI TAIWAN INDEX FUTURES SPOT 288.02 292.38 288.02 Nov13 288.20 292.40 286.60 291.20 *****5 *****7 Dec13 287.90
      725 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr Nov 25 Index Change Change Change Change Change Change World Preliminary 1161.5 0.2 23.8 0.2 24.5 0.1 21.4 EAFE Preliminary 943.9 0.5 21.9 0.4 20.1 0.3 17.2 Europe Preliminary 1342.7 0.5 17.0
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 30 Nov 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.968 5.597 0.678 7.122 57.287 108.355 0.932 9.737 2.955 1.113 99.251 40.177 1.149 9.283 0.836 27.220 29.397 0.568 0.919 Canada 1.033 5.782
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    • Article
      Lock icon SIBOR
      40 30 Nov 26 (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
      82 30 Nov 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****E 30-May-14 0.28 1-Year BY*****T 31-Oct-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.82 5-Year N*****0T 0.5 01-Apr-18 99.67 10-Year NX*****H 2.750 01-Jul-23
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    • Article
      Lock icon PRECIOUS METALS
      138 30 Nov 26 GOLD(US$/oz) Nov 26 Nov 25 Hong Kong 1260.00 1240.00 Nov 25 Nov 22 London 1239.29 1245.01 1240.51 1245.78 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Nov 26 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 113 50 5gm 322 252
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    • Article
      Lock icon PALM OIL
      59 30 Nov 26 Nov 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 13 2608.0 2613.0 2608.0 2583.0 568 4003 Jan 14 2634.0 2621.0 2636.0 2601.0 3334 ***** Feb 14 2635.0 2622.0 2637.0 2602.0 ***** ***** Mar 14
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 30 Nov 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1486 1.1494 0.9184 0.9189 Canadian dollar 1.1867 1.1875 0.9494 0.9489 Euro 1.6934 1.6938 1.3540 1.3542 NZ dollar 1.0320 1.0327 0.8251 0.8256 Sterling pound 2.0218 2.0222 1.6165 1.6167
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    • Article
      Lock icon CHICAGO BOT
      109 30 Nov 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1329.25 1319.50 1334.50 1309.25 Mar 14 1314.75 1306.00 1319.50 1295.75 May 14 1296.00 1290.50 1299.00 1280.00 Jul 14 1288.25 1284.00 1290.00 1273.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
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    • Article
      Lock icon LIFFE
      95 30 Nov 25 COCOA (£/tonne) Close Prev High Low Dec 13 1766 1763 1769 1755 Mar 14 1774 1765 1776 1759 May 14 1766 1760 1768 1752 Jul 14 1758 1753 1760 1745 COFFEE(US$/tonne) Close Prev High Low Nov 13 1554 1564 1554 1554 Jan 14 1566 1576 1582 1557
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1289 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 18 2.1 120 0.0 5 -79 56 Asia-Pacific Strategic W*****6 0.4 1 123 425 58.75 6 Acma Ltd W*****7 Exer Albedo Limited W*****9 Prem Ascendas Reit MB ECW*****3
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 30 CRUDE OIL PRODUCTS Nov 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.01 -0.51 WTI (Near Mth) 94.19 -0.30 Dubai (1-Mth F) 105.41 -1.53 Tapis blend 114.89 -1.09 Minas 109.09 -1.09 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.22 -0.95 Jet Kerosene 123.90 -0.52 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 30 Nov 26 S$ Bid Offer 1-month 1.2507 1.2508 2-months 1.2506 1.2507 3-months 1.2506 1.2507 6-months 1.2502 1.2504 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 30 Nov-25 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1728.25 1737.75 3 months 1774.50 1782.00 Copper, Grade A(US$/tonne) Cash 7097.50 7098.00 3 months 7099.00 7095.00 Lead(US$/tonne) Cash 2065.50 2086.50 3 months 2087.50 2107.00 Nickel (US$/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 30 As at 9am Nov 26 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.176 1.120 Can dollar 1.210 1.164 Euro 1.732 1.650 Sterling pound 2.059 1.980 NZ dollar 1.054 1.014 US dollar 1.275 1.215 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      161 30 Nov 26 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ 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
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  • executive Money
    • Article, Illustration
      Lock icon Banking on the 3-Rights
      1362 32  -  Right price, right business and right management are key, writesGENEVIEVE GENEVIEVE CUA gen@sph.com.sg FUNDS which profess to be absolutely re-turn-oriented typically wield a number of tools to achieve this cash, short sales of securities, market timing and derivatives, for instance. Not so for Yeoman Capital Management.
      PHOTO: ARTHUR LEE  -  1,362 words
    • Article, Illustration
      Lock icon Wall St running out of steam
      1649 31  -  With record-high earnings notched by companies in a near five-year bull market, pundits fear complacency is setting in By NICK TABOREK WHITNEY KISLING Bloomberg CRAIG Hodges, who runs one of the best-performing US mutual funds, is preparing for the next leg of America’s almost
      Bloomberg; PHOTO: AFP  -  1,649 words
    • Article, Illustration
      Lock icon Hedge funds bet on repeat of this year’s profitable yen plunge
      890 31 Futures traders push net shorts to highest since 2007 but economists see the currency little changed Bloomb erg [NEW YORK] Hedge funds are betting on another run of yen weakness, a trade that made money earlier this year for
      Bloomberg; PHOTO: REUTERS  -  890 words
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      Lock icon Page 32 Advertisements Column 1
      139 32 II THERE'S A BETTER WAY TO MAKE SENSE OF THE MARKETS ff ff. BULL THU TRADE CONFIDENTLY WITH SUPERIOR TOOLS AND TECHNOLOGY Our insight tools provide extensive data on forex, shares, indices and commodities. Access client sentiment indicators, live Reuters news, in-depth company analysis and market-leading charts. Stay informed with
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