The Business Times, 26 November 2009

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Microfilm: NL30312
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, November 26,2009
    23 words
  • Article
    Lock icon Legwork buys GIL minorities a stunning win
    705 1  -  SIOW LI SEN By [SINGAPORE] Global Investments Ltd (GIL) minorities scored a rare coup in Singapore corporate history yesterday when they voted in a new fund manager, ST Asset Management (STAM), in opposition to their company's substantial shareholders. It concludes a contest which
    705 words
  • Article, Illustration
    Lock icon S'pore must tweak strategy to stay ahead, says report
    837 1  -  TEH SHI NING Innovation model must move beyond science; upgrading skills alone may not raise productivity, it adds By [SINGAPORE] Singapore needs to refine its strategy and adjust policy to remain competitive in the long term, says the first Singapore Competitiveness
    837 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      87 1 IS$ (S$ per US$) 1.383 (USS/SS per 1.669 2.307 ;URO (US$/S$/E) 1.500 2.075 Foreign currency per US$ S$ 'EN 88.30 63.90 3.373 2.439 IK$ 7.750 5.604 !AHT 33.20 24.00 lUPIAH 9,420 6,812 1ENMINBI 6.828 4.937 INDIAN RUPEE 46.27 33.46 1.078 0.780 IZ$ 1.367 0.988 1COMP 1,271.00 -1.09 IIKKEI225 4,722.20
      87 words
    • Article, Illustration
      Lock icon PRIME RATES
      29 1 SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.041 TAIWAN 4.696 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 11.75 Source: Bloomberg
      Bloomberg  -  29 words
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      3 1 8 *****1 *****4
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      131 1 *W- THE HIGHEST WATCHMAKING FOR THE DEEPEST DIVING. z z. '~'.k.Jkfr^r'-' ;2i .j Zj-' NHhl^l^^ I«*^ ________t______________. ;"-Z:"'^Z.;::-^.Z''Z:C-;:.- 'V. _^^^^^^^^^^^^^^^_^^^^^^^^^^^^^^^^^^^^^^^^Z Jaeger-LeCoultre Calibre 979/1000® A mechanical depth gauge with indication to 80 metres.Two patented compression keys for perfect water resistance to 300 metres. Performance exceeds the prevailing NIHS norms.An automatic movement
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      81 1 COMPANIES I PATRON OF THE ARTS HOCK LOCK SIEW I ™1 BizlT Capita Malls Asia shares Arts industry reels in Getting the revamp of Corporate Sitex eyes sales of climb 8.5% on debut more contributors Governance Code right j(jh more than $45m PAGE 2 M ki V PAGE 20 PAGE
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  • TOP STORIES
    • Article, Illustration
      Lock icon Strong market emerges from weak US economy
      900 2  -  ANDREW MARKS Low interest rates, low US dollar making stock investors bullish in New YorK FOR now, a weak US economy means a strong stock market. The last two weeks have witnessed a parade of sober economic data and commentary on the state
      REUTERS  -  900 words
    • Article
      Lock icon Facebook creates dual-class stock structure
      493 2 -NYT [SAN FRANCISCO] Facebook is taking a rudimentary step down the path to becoming a public company. It said on Tuesday that the company was creating a dual-class stock structure for itself, and converting all of its current shares into so-called Class B shares, which
      -NYT  -  493 words
    • Article
      Lock icon CMA shares climb 8.5% on debut
      468 2  -  UMA SHANKARI By [SINGAPORE] Shares of Capita Malls Asia (CMA), Singapore's largest public offering in 16 years, debuted 8.5 per cent above the IPO price yesterday. The pan-Asian shopping mall developer and manager, which was spun off from property giant Capita Land, started trading
      468 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Spore must tweak strategy to stay ahead, says report
        74 2 SINGAPORE needs to refine its strategy and adjust policy to remain competitive in the long term, says the first Singapore Competitiveness Report 2009, released yesterday. It calls for a broadening of the science-driven innovation model to embrace creative and entrepreneurial activities.
        74 words
      • Article
        Lock icon Legwork buys GIL minorities a stunning win
        78 2 GLOBAL Investments Ltd minorities scored a rare coup in Singapore corporate history yesterday when they voted in a new fund manager, ST Asset Management, in opposition to their company's substantial shareholders. Jubilant minority shareholders some of whom were excited at the prospect of
        78 words
      • Article
        Lock icon Capita Malls Asia shares climb 8.5% on debut
        50 2 SHARES of Capita Malls Asia, Singapore's largest public offering in 16 years, debuted 8.5 per cent above the IPO price yesterday. The pan-Asian shopping mall developer and manager ended at $2.30, comfortably above the IPO price of $2.12. TOP STORIES, PAGE 2
        50 words
      • Article
        Lock icon Singapore eyes dedicated LPG terminal
        41 2 SINGAPORE is looking at a dedicated liquefied petroleum gas terminal estimated to cost well over US$lOO million, to enable petrochemical crackers here to import the feedstock on a longer-term basis, sources say. TOP STORIES, PAGE 3
        41 words
      • Article
        Lock icon Cerebos Pacific Q4 earnings up 26%
        50 2 DESPITE challenging operating conditions and forex translation losses, solid brand positioning and strong topline sales enabled Cerebos Pacific Ltd to boost its fourth quarter earnings by 26 per cent to $25.1 million, compared $19.8 million during the July-September 2008 period. COMPANY NEWS, PAGE 4
        50 words
      • Article
        Lock icon 80 units at Marina Bay Suites sold
        55 2 ABOUT 80 of the 90 units previewed at Marina Bay Suites yesterday have been sold, at an average price understood to be slightly above $2,300 per square foot. However, the project's developer said the "average price range was between $2,200 psf and $2,500
        55 words
      • Article
        Lock icon Furore over KL guarantee for PKFZ developer's bonds
        39 2 A FURORE is developing over Kuala Lumpur's decision to guarantee RM3.4 billion in bonds issued by a private developer to fund the scandal-plagued Port Klang Free Zone project. MALAYSIA/INDONESIA, PAGE 16
        39 words
      • Article
        Lock icon Aussie tax row with TPG may hit foreign investment
        76 2 AUSTRALIA'S tax office has hit US private equity group TPG with a US$62B miUion bill for tax and penalties, in a dispute that threatens to deter foreign investment in the country. TPG last month sold its stake in top department store
        76 words
    • Article
      Lock icon Durable-goods orders fall an unexpected 0.6% in Oct
      534 2 Bloomberg LATEST US DATA [WASHINGTON] Orders for goods meant to last several years unexpectedly fell in October, restrained by a drop in demand for defence equipment and a reminder the economic recovery will be slow to gain speed. The 0.6 per cent
      – Bloomberg  -  534 words
    • Article
      Lock icon Singapore eyes dedicated LPG terminal
      446 3  -  RONNIE LIM This will help petrochemical crackers import it on a longer-term basis By [SINGAPORE] Singapore is looking at a dedicated liquefied petroleum gas (LPG) terminal estimated to cost well over US$lOO million, to enable petrochemical crackers here to import the feedstock on a longer-term
      446 words
    • Article
      Lock icon Giant pandas seen giving Aussie economy a boost
      274 3 -AFP [SYDNEY] Two giant pandas due to begin a 10-year stay at an Australian zoo could give the local economy a bigger boost than recent visits by Tiger Woods or Lance Armstrong, officials said yesterday. Wang Wang, four, and the three-year-old Funi
      -AFP  -  274 words
    • Article, Illustration
      Lock icon Galleon chief accuses SEC of violations
      681 3 -NYT [NEW YORK] Five weeks after he was arrested on charges of masterminding a vast insider-trading scheme, Raj Rajaratnam, the billionaire money manager, answered his accusers on Tuesday with a sharp-edged attack on the government's case against him. Responding for the first time to
      -NYT; AP  -  681 words
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      38 3 LTU)ind the ones hj\ U pJ THAT FIT! (Z P^ Recruit the right people 1 .3 >—- __J through CATS Recruit. n Call 1800 289 8822 or email t^> y \s~\ recruit@sph.com.sg I i to advertise. r*-s Qj b_S!
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  • COMPANY NEWS
    • Article
      Lock icon Get the right people for Code review
      903 4  -  MICHELLE QUAH SINGAPORE'S decision to revamp its Code of Corporate Governance is much welcomed, given that it has been a long time coming. Now, the important thing is not to squander the opportunity by making sure it's done right, and done by the
      903 words
    • Article, Illustration
      Lock icon Cerebos Pacific Q4 earnings up 26%
      487 4  -  YEN SREENIVASAN Thanks to solid branding and strong topline sales By DESPITE challenging operating conditions and forex translation losses, solid brand positioning and strong topline sales enabled Cerebos Pacific Ltd to boost its fourth quarter earnings by 26 per cent to $25.1 million, compared
      FILE PHOTO  -  487 words
    • Article, Illustration
      Lock icon Keppel secures two contracts worth $165m
      454 6  -  VINCENT WEE It is working on seven other major conversions and upgrading projects By KEPPEL Corp's offshore arm Keppel Offshore and Marine has secured two contracts worth about $165 million. The first project, secured through Keppel Shipyard from repeat customer Petrobras Netherlands, is for
      454 words
    • Article
      Lock icon Sembmarine in tie-up to tap Indian market
      409 6  -  VINCENT WEE By SEMBCORP Marine is plugging into the Indian market with a near one-fifth stake in a joint venture company to establish and operate a marine and offshore facility on the east coast of India between Vishakhapatnam and Chennai Port. Sembmarine unit
      409 words
    • Article
      Lock icon Swiber wins US$77m Myanmar job
      77 6 SWIBER Holdings said it has secured an offshore installation project worth US$77 million from an unnamed Myanmar oil and gas company. Under a letter of award signed yesterday, Swiber will provide offshore installation works for 15pO kilometres of gas pipelines. The six-month project is expected
      77 words
    • Article
      Lock icon Keppel buys cooling systems provider for $88m
      317 6 Move will broaden its environment technology expertise KEPPEL Integrated Engineering (KIE), a subsidiary of Keppel Corp, is acquiring Singapore's largest district cooling systems provider from JTC Corp for about $88 million. The transaction involves KIE acquiring the entire share capital of First DCS
      317 words
    • Article
      Lock icon SGX, Taiwan's GreTai sign co-operation MOU
      163 6  -  JAMIE LEE By THE Singapore Exchange (SGX) and a Taiwanese over-the-counter (OTC) operator are looking to cooperate to develop their respective capital markets. Under a memorandum of understanding (MOU) signed yesterday, SGX and GreTai Securities Market (GTSM) aim to foster greater communication through staff
      163 words
    • Article
      Lock icon United SSE 50 China ETF lists today
      250 6  -  JAMIE LEE By SINGAPORE'S first China A-shares ex-change-traded fund (ETF) will be listed today, with a change in the tracking index, issuers UOB Asset Management (UOBAM) and China Securities Index said yesterday. Investors who decided to redeem their units and pull out of
      250 words
    • Article, Illustration
      Lock icon 80 units sold at Marina Bay Suites preview
      400 8  -  KALPANA RASHIWALA Developer not expected to release more units in the condo until 2010 By ABOUT 80 of the 90 units previewed at Marina Bay Suites yesterday have been sold, at an average price understood to be slightly above $2,300 per square
      400 words
    • Article
      Lock icon SMRT sets up institute to train rail professionals
      316 8  -  FELDA CHAY By WITH Singapore's rail network set to double by 2020, transport group SMRT Corp has set up a training institute to help develop a pool of professionals that will act as the backbone of the rail industry. SMRT Institute, an
      316 words
    • Article
      Lock icon Hiap Tong offers 38m shares at 26 cents apiece
      264 8  -  ZHANG JIAO By HIAP Tong Corporation, a homegrown hydraulic mobile crane company, has launched its initial public offering (IPO) for a Catalist board listing. The company, which was established in 1978, is offering 38 million new shares by way of placement
      264 words
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      785 4 l^f y^ ft r/7/s announcement appears as a matter of record only 25 November 2009 Q M DENTAL GROUP (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore on 7 January 2008) (Unique Entity Number *****0507R) Placement of 74,075,000 New Shares at $0.27 for each Share, payable in full Wm kr*
      785 words
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      439 5 PHP Ik jA W T. vM^k JSto^J Founded in 1898, T.M.Lewin is one of London's leading quality Shirtmaker. kJM|U ■ti?Jk-^<9tou. W\\\\ over a century of experience in making and selling Jermyn Street shirts, it maintains the highest m w \<i «c il A standards of quality and its shirts today
      439 words
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      246 6 GENESIS M|^ BID AS YOU LIKE A 5 Sportback Audi A 5 Coupe Audi A 5 Cabriolet Audi 1^1" Roadster 2.0 OLS(S-Line) A.4 2.OTFSI A3 Sportback J 'Temisi.ConditionsA I 87 UPPer EaSt COSSt Rd GOOdwMI COUft 624w OOOU -A MOBILITY BUNDLE 1 THAT GIVES YOU A W a lii-rA^i-Lj^^Sl/ the
      246 words
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      99 8 f i I f ______F/7a*^^Ti r\A i <!3 -j___________r^_l_________>^ til'^_____Fi^» r -r7~-^^ KfSr/^ \1 FOR THE FIRST \^_W ._WV^ »>3j^.-^f^^FV^ Z *^*JB A^' ■■""^iPSI. vST' V \wvf \NI time at: 't> W_M___v S-S______RWr^V_> T" V.________k____ate-W/ J_________________________^^__- JT li i*f V. Jr mmW j_________________i_', ______i r A^___l \_l7___________l ___________k\ ______T -H
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      651 9 Olam has been named alongside Ev^ n during this crisi!? we h haf <?" tlnued t0 fOCUS H n b H uildin? A/ and growing our pool of high calibre managers and leaders. We Hewitt, The RBL Group and BM, P&G, General MillS, McKinSeV nave built our Global Assignee Talent
      651 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Stocks up after early sharp falls
      595 10  -  JAMIE LEE STOCKS Focus falls on new entrant Capita Malls Asia; commodity stocks also shine in thematic play STOCKS in Singapore and other parts of Asia reversed sharp losses in the morning trading session to end slightly higher yesterday. The Straits Times index (STI)
      Bloomberg  -  595 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      104 10 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 8 4 5 0 0 0 8 4 5 Manufacturing 65 29 75 11 69 36 86 Commerce 20 16 24 21 18 30 )t/Stor/Comms 16 14 17 16 Finance 12 10 12
      104 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      118 10 TURNOVER C000) MAIN SDQ TOTAL MAIN VALUE C000) SDQ TOTAL Multi Ind 20,028 20,028 87,743 87,743 Manufacturini 236,252 10,366 246,618 179,192 459 179,651 Commerce 142,064 9,079 151,143 165,474 2,196 167,670 Tpt/Stor/Comms 96,278 2,836 99,114 228,416 520 228,936 Finance 26,604 26,604 199,837 199,837 Construction 28,422 6,382 34,804 4,398
      118 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      102 10 CapitaLand 4.110 CapltaMall 1.720 -0.030 CityDev 10.280 +0.140 ComfortDelGro 1.520 -0.010 Cosco Corp 1.120 tO.020 DBS Grp 15.080 tO.260 F&N 3.990 t0.020 Genting SP 1.090 Golden Agri 0.500 4-0.010 HK Land 4.760 tO.060 JMH 30.500 -0.880 JSH 17.960 -0.440 JardineC&C 25.300 tO.200 Keppel Corp 8.660 4-0.190
      102 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      903 10  -  JAMIE LEE Spore Airport Terminal Services Nov 25 close: $2.52 OCBC INVESTMENT RESEARCH, Nov 25 WELL-POSITIONED for recovery: We believe that Singapore Airport Terminal Services (SATS), having the largest airport services network in Asia, is well-positioned to ride the aviation market recovery. Over the past fiscal year, the
      :: Bloomberg  -  903 words
    • Article, Illustration
      Lock icon Dollar index hits 15-month low after Fed minutes
      544 10 Reuters CURRENCIES [LONDON] The dollar hit a 15-month low against a currency basket yesterday after Federal Reserve minutes showed policymakers saw the US currency's recent decline as "orderly". Traders dumped the dollar across the board, pushing it to a 10-month low against
      Reuters; REUTERS  -  544 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 10 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 10 Nov 25 VALUE CLOSE BT OB/OS -147.00-109.00 BT CADI -*****.00 +35.00 BT 10-day MA -*****.00 -15.00 FTSE ST Mid Cap 643.15 +0.09 FTSE ST Small Cap 516.96 +2.06 FTSE ST All Share 683.40 +2.66 FTSE ST China Top 267.26 +3.15 FTSE ST China 288.15 +2.77 FTSE ST
      65 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 10 VOLUME CapMallsAsia 181,653,000 Golden Agri 96,911,000 Genting SP 54,460,000 Achieva 32,213,000 Memstar 30,921,000 Ying Li 30,267,000 SSH Corp 26,080,000 FrasersComm 24,471,000 Transcu Grp 24,436,000 Noble Grp 24,216,000 VALUE(S) CapMallsAsia 411,523,170 SIA 88,261,294 Noble Grp 72,339,892 DBS Grp 69,054,912 Olam 63,814,470 Capita Land 60,001,730 Genting SP 58,973,190 Keppel
      59 words
    • Article
      Lock icon RISES
      109 10 BY CENTS CLOSE UP GLD 10US$ ***** 139.6 0.9 STXPO 100 1486 104.0 7.5 India Ni 10 1529 74.0 5.1 iBS Gr| 1508 26.0 1.8 Jardine C&C 2530 20.0 0.8 OCBC Bk4.5%NCPS 100 9940 20.0 0.2 Con 866 19.0 2.2 DBXT MSTaiwan 10US$ 1579 15.2 0.7 :\t 1028 14.0
      109 words
    • Article
      Lock icon FALLS
      114 10 CLOSE DOWN DBXT FTVietnam 10US$ 4933-297.2 -4.2 JMH 3050-121.6 -2.8 JSH 1796 -60.8 -2.4 DBXT S&P Short 10US$ 5478 -51.1 -0.7 OCC3.93% NCPS10 8200 -40.0 -0.5 DBXT FTChina25 10US$ 3180 -37.3 -0.8 iBXT Ni 10US$ ***** -26.3 -0.2 law Par Con 579 -14.0 -2.4 SGX.ES.0911 797 -11.0 -1.4 SIA
      114 words
    • Article
      Lock icon CURRENCIES
      84 10 iere« S$ stands Nov 25 CHNG CLOSE FRNOV24 YR2009 S$ LOW S$ HIGH USS 1.3809 0.47 1.5579 1.3809® Euro 2.0754 -0.26 2.0952 1.9150 Pounds 2.3029 -0.46 2.4366 2.0356 AS 1.2823 -0.69 1.2942 0.9453 Yen* 1.5753 -0.63 1.7278 1.4831 Rupiah* 0.***** -0.43 0.***** 0.***** Baht* 4.1612 0.29 4.3390 4.1040 Peso*
      84 words
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      229 11 fA\l|f//^H H::' ■-1 I W m d norrrH BftißQg^jJiwynoN /g BUGIS WCTORIA ST 3 PADANG STHEET VILLAGE <& Q 3 'CONVENTION <^ <y^ GLAM i^ LAVENDER building UlS|i ImSuK LLJ ftJIDT *Qrtl ITU pcApu Witt I ESPLAM>\Qf qd DEVELOPMENT MADIMA J Mil I cmia vUNTcU 'C MAKINA ESPLANADE S Miai
      229 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Public welcomes move to regulate property agents
      253 12  -  UMA SHANKARI By THE Ministry of National Development (MND) has received more than 200 independent comments and suggestions on its proposed regulatory framework for property agents. The vast majority of respondents in a recent public consultation exercise welcomed stronger regulation of the real
      253 words
    • Article
      Lock icon Taking a bite of the Indonesian boom
      516 12  -  LEE U-WEN Economic growth is still on track despite the global financial crisis: IE Singapore By WHEN International Enterprise (IE) Singapore conducted a business mission trip to Indonesia last month, a mayor from Balikpapan commented that he was "surprised" that there was little
      516 words
    • Article
      Lock icon CAI approached on taking stake in Rome airport
      391 12  -  YEN SREENIVASAN No formal talks yet, report of imminent offer exaggerated, says CAI official By CHANGI Airport International (CAI) has been approached to take a stake in Rome's main airport, but there have been no formal talks yet, a CAI official has
      391 words
    • Article, Illustration
      Lock icon Revamped Mandarin Gallery opens this Friday
      310 12  -  NISHA RAMCHANDANI By MANDARIN Gallery is set for a soft launch this Friday after a $200 million makeover. About half of the 103 stores are open for business and the mall should be fully operational around the third week of January. "It is almost
      310 words
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      596 12 iititjaiSg Iff/ SLC GROUP PTE. LTD. I nmnniremiTn I IN THE MATTER OF H^^M^SS^ «X^nSfoss9W THE COMPANIES ACT, CAP. 50 (.nVmb^Volun^ryLiquidafon 3, c^S^^SSS^SSSSnO INTHE^AHEROF At an Extraordinary General Meeting of the Members of the Company held at 19 NOTICE OF FINAL MEETING ADEPTUS SEARCH PTE LTD Tanglin Road #06-15 TangL
      596 words
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      230 12 2009-Latest Release Qjj] SOUND GALLERY Project K2° ***** The JBL* brand has been praised for more than 60 years for its high performance loudspeakers and the K2* ***** continues this legacy. Every attempt has been made to design a system that sounds great, looks stunning and is built to last
      230 words
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      244 words
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  • ECONOMY WATCH
    • Article
      Lock icon Treasury rethinks bailout as big US banks rebound
      585 14 AP But officials monitor weak smaller banks, see need to extend rescue programme [WASHINGTON] Big US banks are roaring back. If propping up much of the teetering US financial markets was the goal of the government's US$7OO billion Wall Street rescue, then
      AP  -  585 words
    • Article, Illustration
      Lock icon IMF lending scheme grows to USs6oob
      459 14 AFP, Bloomberg 13 more countries agree to join the 26 that pledge money [WASHINGTON] The International Monetary Fund (IMF) announced on Tuesday that a lending scheme to aid countries hit hard by the financial crisis had grown to US$6OO billion. The deal goes beyond
      AFP, Bloomberg; AP  -  459 words
    • Article, Illustration
      Lock icon Vietnam devalues its currency by 5%
      565 14 AP, Bloomberg Pressure mounts for a weaker dong as foreign reserves decline [HANOI] Vietnam announced a 5 per cent devaluation of its tightly controlled currency yesterday, succumbing to pressure for a weaker dong as foreign reserves dwindle. A statement on the State Bank of
      – AP, Bloomberg; REUTERS  -  565 words
    • Article
      Lock icon US FDIC fund falls into the red
      379 14 Its chairman urges banks to increase loans to businesses [WASHINGTON] The gov-ernment-run fund that safeguards US bank deposits tumbled to a negative balance of US$B.2 billion in the third quarter, as the number of problem banks surged by a third to 552. It
      379 words
    • Article, Illustration
      Lock icon Japan Oct exports fall 23%, smallest in a year
      330 14 -AP [TOKYO] Japanese exports in October fell by the smallest amount in a year, the government said yesterday, as stimulus spending lifted demand particularly from China and the rest of Asia. Exports dropped 23.2 per cent from a year earlier to
      -AP; BLOOMBERG  -  330 words
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      70 14 in j Get to know the world better Start your day with SPH newspapers hot off the press, featuring quality news, in-depth analyses, impactful commentaries and breaking stories from Singapore, the region and the rest of the world. a> Subscribe now and connect with the world. Visit www.sphsubscription.com.sg or call
      70 words
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      240 15 sembcorp I WKSP marine W Sembawang Shipyard Pte Ltd, a subsidiary of Sembcorp Marine Ltd, and Kakinada Seaports Limited are pleased to announce the establishment of Sembmarine Kakinada Limited The joint venture contract signed in New Delhi, India, will see the establishment of a modern and well-equipped marine and offshore
      240 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Furore over KL guarantee for PKFZ developer's bonds
      480 16  -  S JAYASANKARAN Firm faces anti-graft probe and lawsuit by state agency By In K.uaia Lumpur A FURORE is developing over Kuala Lumpur's decision to guarantee RM3.4 billion (Ssl.4 billion) in bonds issued by a private developer to fund the scandalplagued Port Klang
      480 words
    • Article
      Lock icon Jakarta to seek FTA delay for some products
      216 16 Reuters [JAKARTA] Indonesia plans to ask for a delay in a free trade pact between China and the Association of Southeast Asian Nations (Asean) for certain products as local producers fear it may hurt their business, the industry minister said yesterday. China
      Reuters  -  216 words
    • Article, Illustration
      Lock icon Genting posts Q3 profit on higher visitor rate
      311 16 Reuters [KUALA LUMPUR] Malaysian gaming company Genting Bhd yesterday reported a profit in the third quarter as more people visited its casinos and flagged a satisfactory performance for the full year. "Whilst the global economy continues to show signs of recovery, the
      Reuters; FILE PHOTO  -  311 words
    • BRIEFLY ASIA
      • Article
        Lock icon China tightens rules on yuan transfers
        102 16 Bloomberg [SHANGHAI] China tightened rules on individuals transferring yuan and foreign exchange between bank accounts after speculation that the nation's currency will strengthen caused a surge in capital inflows. An overseas individual or institution is not allowed to send foreign currencies to five or
        – Bloomberg  -  102 words
      • Article
        Lock icon Kingsley to star as Shah Jahan
        92 16 -AP [HONG KONG] Ben Kingsley, famous for his Oscar-winning portrayal of Indian independence hero Mohandas Gandhi, is reaching deeper into the country's history with a new role as the Mogul emperor who ordered the construction of the Taj Mahal. Kingsley will star as Shah
        -AP  -  92 words
      • Article
        Lock icon No India investment from Wal-Mart
        56 16 Reuters [NEW DELHI] Wal-Mart Stores, the world's largest retailer, has not sought to invest in retail stores in India, the junior trade minister told parliament yesterday. The US firm has also not sought any changes to India's ban on foreign holdings in multi-brand retail, Jyotiraditya
        Reuters  -  56 words
      • Article
        Lock icon Ambani family agreement sacrosanct
        115 16 Bloomberg [NEW DELHI] A family agreement dividing up assets between India's feuding billionaire Ambani brothers is sacrosanct, Ram Jethmalani, lawyer for Anil Ambani's Reliance Natural Resources Ltd, told the Supreme Court on Tuesday. The brothers, Mukesh and Anil, are fighting a legal battle over the supply
        – Bloomberg  -  115 words
      • Article
        Lock icon FDI in Indonesia falls 30% in first 10 months
        47 16 Reuters [JAKARTA] Foreign direct investment in Indonesia fell almost 30 per cent to 89.28 trillion rupiah (Ssl3 billion) in the first 10 months from a year ago amid a global downturn, the investment coordinating agency said on Tuesday.
        ■ Reuters  -  47 words
      • Article
        Lock icon Multi Daerah to up stake in Newmont unit
        44 16 Bloomberg [JAKARTA] PT Multi Daerah Bersaing, a group comprising PT Bumi Resources unit and three local administrations in Indonesia, on Monday signed an agreement to buy another 14 per cent of Newmont Mining Corp's local venture.
        – Bloomberg  -  44 words
    • Article
      Lock icon Investors put off by high-cost, low-speed broadband in IVTsia
      482 16  -  i PAULINE NG By in Kuala Lumpur CONSUMERS in Malaysia pay some of the highest prices for broadband in the region, one major reason being the monopoly which state-owned Telekom Malaysia (TM) holds on submarine cable landing rights, a senior executive
      482 words
  • Page 16 Advertisements
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      877 16 cik ki Asia Corporations to the Rescue? MJffS|SU&BJ WDG LOBALISATION Seminar Seriesof the Centre on Asia and Globalisation IN THE MAnER OF THE COMPANIES ACT, CAP. 50 AND IN THE MAnER OF r^^^^J j"1 I r^m 3 T T T I SATO INTERNATIONAL PTE. LTD. ■>T. I I I ,VWk]
      877 words
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      15 16 jgh VL jL Chin Yee Ti I^^ FT"l| I BSmDIJ SXXXX23SD k-arnll _J'l www.omy.sg %U'
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China may hike banks' reserve ratio
      389 17 Reuters Reports say it won't raise rates for fear of speculative capital inflows [BEIJING] China may increase banks' reserve requirements next year rather than interest rates to strengthen liquidity management and so prevent asset bubbles, a government newspaper said yesterday. An opinion piece in
      Reuters  -  389 words
    • Article
      Lock icon China will double green spending
      345 17 Bloomberg [BEIJING] China, the world's largest emitter of greenhouse gases, plans to more than double its spending on environmental protection in the five years till 2015, the Shanghai Securities News reported. The Asian nation may invest 3.1 trillion yuan (*****.2 million) during the period, compared
      Bloomberg  -  345 words
    • Article
      Lock icon India open to buying more IMF gold: report
      309 17 Reuters [SINGAPORE] India is open to buying more gold from the International Monetary Fund (IMF) following its purchase of 200 tonnes earlier this month, the Financial Chronicle newspaper said yesterday, helping to drive gold prices to an all-time high. But India's central
      – Reuters  -  309 words
    • Article
      Lock icon China must invest more to fight drought: McKinsey
      384 17 Bloomberg [BEIJING] China's longterm food security and social stability may be threatened unless the world's largest grain producer invests more to fight the effects of drought, McKinsey Co said. Extreme drought caused by a "high climate change scenario" could more than triple
      Bloomberg  -  384 words
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      2986 17 EASTGATE TECHNOLOGY LTD i^TTfCT (Incorporated in the Republic of Singapore) Company Reg. No. *****5519R (Ccmp^Re™ Won N™iJ B2 *****R) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING notice of annual general meeting NOTICE IS HEREBY GIVEN that the Twentieth Annual General Meeting of the Company will be
      2,986 words
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  • ASIA-PACIFIC
    • Article, Illustration
      Lock icon Rice may go skyhigh again sans investment: IRRI
      404 18 Bloomberg [SINGAPORE] Rice prices may return to last year's record levels and the world will see repeated food shortages without investment to boost production, the International Rice Research Institute (IRRI) says. "Rice prices are again approaching last year's historic highs that caused
      Bloomberg  -  404 words
    • Article
      Lock icon Fighting spam, Korea style
      125 18 -AFP [SEOUL] South Korean authorities yesterday halved the daily limit on text messages sent out by mobile phones as part of a campaign against spam, officials said. The number of text messages that a mobile user can send out a day was restricted to 500, down
      -AFP  -  125 words
    • Article
      Lock icon US, India agree on new economic partnership
      570 18 -Reuters, AFP Working groups to meet throughout the year to push ahead on specific policies [WASHINGTON] The United States and India will establish a new economic partnership which US Treasury Secretary Timothy Geithner will help formally launch in India early next year, the
      -Reuters, AFP  -  570 words
    • Article, Illustration
      Lock icon Obamas conjure up India on the South Lawn
      593 18 -AP First state dinner in PM Singh's honour a lavish affair in tent [WASHINGTON] The first state dinner of the Obama White House had it all: Os-car-winning entertainers, Hollywood moguls, a knockout guest chef and even chandeliers in a tent. Traditional evening
      -AP; REUTERS, AP  -  593 words
    • Article
      Lock icon Australia to ride 'powerful' resources wave: RBA
      349 18 -AFP [SYDNEY] Australia is expecting an Asia-led boom in resources investment over the next five years, bringing "powerful and broad-ranging" economic benefits, its central bank said yesterday. Deputy Reserve Bank of Australia (RBA) governor Ric Battellino said the economy had emerged from the
      -AFP  -  349 words
    • WORLD WATCH
      • Article
        Lock icon Banks face US$7t debt maturities byend-2012:WSJ
        49 18 Reuters [NEW YORK] As much as US$7 trillion of debt piled up by banks falls due by the end of 2012, which could force them to refinance their borrowings at higher cost, The Wall Street Journal said, citing a Moody's Investors Service report.
        – Reuters  -  49 words
      • Article
        Lock icon BBC holds talks over floating commercial arm: FT
        57 18 AFP [LONDON] The BBC has held talks with financial advisers about floating part of its commercial arm on the stock market, amid pressure over its market share and public subsidy, a report said yesterday. The Financial Times said that discussions had been
        AFP  -  57 words
      • Article
        Lock icon Telstra cancels bond sale after investors baulk
        52 18 Bloomberg [SYDNEY] Telstra Corp, Australia's biggest phone company, scrapped a domestic bond sale plan after it could not reach an agreement with investors on the terms of the securities. Bondholders wanted the 10-year debt to include assurances compensating them if Telstra's credit rating
        – Bloomberg  -  52 words
      • Article
        Lock icon Thaksin supporters scrap rally before king's birthday
        39 18 Bloomberg [BANGKOK] Supporters of former Thai prime minister Thaksin Shinawatra called off an anti-government rally in Bangkok planned for this weekend, avoiding a possible confrontation ahead of King Bhumibol Adulyadej's 82nd birthday.
        – Bloomberg  -  39 words
      • Article
        Lock icon Aabar takes US$1.62b loan for corporate purposes
        48 18 Reuters [ABU DHABI] Abu Dhabi's Aabar Investments, which owns stakes in Daimler AG and the Brawn GP Formula One team, said that it borrowed US$l.62 billion from local and international lenders in a six-month club loan deal for general corporate purposes
        – Reuters  -  48 words
      • Article
        Lock icon LSE posts drop in earnings, revenue for H1
        74 18 Reuters [LONDON] The London Stock Exchange posted a decline in earnings on a 9 per cent drop in interim revenue from a year ago and said that it expected competition in cash equities to remain intense and market conditions uncertain. Pretax profit
        – Reuters  -  74 words
  • Page 18 Advertisements
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      36 18 tahla! THE HEARTBEAT OF THE INDIAN COMMUNITY other NRI J| This Non Resident Indian lives in a dormitory, wears a hard hat and travels in the back of a lorry MINISSHA'S .if ll SWEET 16 %^f
      36 words
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  • WORLD
    • Article
      Lock icon Aussie tax row with TPG may hit foreign investment
      572 19 Reuters Private equity group says it has complied with the country's taxation laws [MELBOURNE] Australia's tax office has hit US private equity group TPG with a US$62B million bill for tax and penalties, in a dispute that threatens to deter further
      – Reuters  -  572 words
    • Article, Illustration
      Lock icon GM's move to sell Saab to Koenigsegg collapses
      541 19 -LAT-WP [STOCKHOLM] General Motors' plan to sell its Saab unit to a speciality Swedish carmaker has collapsed, frustrating another attempt by GM to prune its roster of automotive brands and potentially spelling the end of the Saab brand. Koenigsegg Group said on
      -LAT-WP; REUTERS  -  541 words
    • Article, Illustration
      Lock icon AIG approves US$7m pay package for new CEO
      390 19 [NEW YORK] American International Group said on Tuesday that it would go ahead with a previously announced pay package of US$7 million in cash and stock for its new CEO Robert Benmosche. Mr Benmosche, who took over as CEO of the embattled
      390 words
    • Article
      Lock icon Calpers probes its own hedge fund oversight
      524 19 -LAT-WP USs36m paid to two advisers working without contracts [SACRAMENTO] California's huge public employee pension fund, under scrutiny after suffering billions of dollars in investment losses, is investigating its own oversight of hedge fund deals. As part of the inquiry, California Public Employees'
      -LAT-WP  -  524 words
    • Article
      Lock icon Italian fashion players go back to basics – to survive
      386 19 Italian fashion players go back to basics to survive -AP [MILAN] It's back to the basics for the Italian fashion scene. Major players, gathered here on Tuesday for an industry summit, say the world economic crisis has pushed the fashion industry to the brink, and called for gasp! a return
      -AP  -  386 words
  • Page 19 Advertisements
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      207 19 <- [il m EXPERIENCE THE ALMAVIVA MAGIC WHERE II FRENCH HERITAGE MEETS CHILEAN TERRIOR ■m|||i||«MM |j LW ALMAVIVA WINE MASTERCLASS WM H BBC llßß| r. KjpjffSn^BßTßtgM Profiters International is poised to host the Almaviva Wine Masterclass. Savour the M M BlffraNTffwrWftlS wines that result from combining the best of 2
      207 words
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  • PATRON OF THE ARTS
    • Article, Illustration
      Lock icon The art of giving
      862 20 Despite the downturn, the arts industry reeled in more contributors to its various causes with the number of corporate and individual donors last year increasing to 315 from 291 in 2007, writes Christie loh I HEN hard times hit an economy, a natural reflex is to
      862 words
    • Article, Illustration
      Lock icon Seeds of creativity
      680 20 Arts sponsorship has evolved to become much more than just pumping big bucks into major productions and festivals, writes Christie loh SPONSORSHIP of the arts in Singapore has evolved to become not only about pumping big bucks into big-bang productions and festivals, but also about funding other
      PHOTOS: V TROUILLET, NATIONAL ARTS COUNCIL AND DRAMA BOX  -  680 words
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  • Page 21 Advertisements
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      1140 21 lw^ 9lfe^ c National Arts Council and the arts community extend our deepest appreciation to all award il^fe^^^r recipients. Your strongipafronage has contributed to the vibrant arts^sc-efie'ln Singapore. Hong Leong Foundation-' Ngee Ann Kongsi SMRT Corporation Ltd BX<y/ HSBC NTUC INCOME Insurance Co-operative Suntec Singapore International JCDecaux Singapore Pte Ltd
      1,140 words
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  • Page 22 Advertisements
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      141 22 Distinguished Patron of The Arts for 17 Consecutive Years y y y B Bringing the SPH Gift of Music to Silver Anniversary sponsor of Promoting Singapore's literary Supporting local theatre companies all Singaporeans by supporting the Singapore Dance Theatre, greats with the Singapore Writers and recognising the best in Singapore
      141 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Changi Airport offers landing fee rebate
      748 23  -  YEN SREENIVASAN It will provide 15% rebate for first 6 months of 2010 and 10% rebate for H2 By range from incentivising airlins to enhance Changi's connectivity by starting routes to new destinations; helping new airlines start operations at Changi; rewarding passenger and cargo
      i CHANGI AIRPORT GROUP  -  748 words
    • Article
      Lock icon MAS suffers RM300m Q3 loss due to fuel bets
      246 23 Bloomberg [KUALA LUMPUR] National carrier Malaysia Airlines (MAS) says it suffered a net loss of RM3OO million (Ssl23 million) in the third quarter, mainly because of wrongway bets on fuel prices. The carrier's loss for the three months through September marked
      Bloomberg  -  246 words
    • Article
      Lock icon Marine sector bent on raising safety standards
      455 23  -  VINCENT WEE CEOs sign zero-injury workplace pledge, commit to targets By [SINGAPORE] The marine sector yesterday took several important steps towards improving safety standards with the release of the WSH 2018 for Marine Sector draft plan for public consultation as well as the
      455 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2815 23 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), AI Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,815 words
    • Article
      Lock icon China Shipbuilding plans 6.4b yuan IPO
      474 23 Bloomberg [SHANGHAI] China Shipbuilding Industry Co, the nation's largest maker of vessel equipment, plans to raise at least 6.4 billion yuan (Ssl.3 billion) selling shares as China tries to pare its reliance on Japanese and Korean marine engines. The company will use the Shanghai
      Bloomberg  -  474 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        122 23 '000 lov :H Offshore Ihuan Hup Hldgs Iosco Corp :WT Ltd Ezra Hldgs rirst Ship Lease rreight Links jrand Banks lava Hold Ltd <1Ventures <eppel Corp Vlercator Lines V1TQ Corp MOL Pacific Shipping 3an-United Corp Rickmers Man iamudera Ship iembcorp Indust iembcorp Marine ipore Ship 0 67 0 33
        122 words
      • Article
        Lock icon KLSE
        38 23 '000 nt'G Logistics MISC Bhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.97 8.83 8.97 3.16 3.13 unch 0.09 0.01 unch 0.14 0.04 unch unch 0.01 186 416 2698 44 73 0 1321
        38 words
      • Article
        Lock icon BANGKOK
        12 23 '00 ■recious Ship regional Cont 18.20 10.60 0.30 0.30 467: 401
        12 words
      • Article
        Lock icon HONGKONG
        12 23 '000 lov joil iingamas Cont 36.20 ..1.35 -0.35 0.01 994 8380
        12 words
      • Article
        Lock icon PHILIPPINES
        24 23 '000 lov 'eso Aboitiz Equity Intl Container Keppel Marine Keppel Prop 8.80 23.25 unch unch unch 1.50 unch unch 401 5655 0 0
        24 words
      • Article
        Lock icon TAIPEI
        18 23 lov :vergreen Marine ....17.15 :irststeamship 46.80 /Van Hai Lines 16.25 fang Ming Marine...11.65 0.15 -0.40 0.15 -0.05
        18 words
      • Article
        Lock icon TOKYO
        37 23 '000 :awasaki Hvy Ind ..210.00 8.00 ***** :awasaki Kisen 259.00 -10 ***** /litsubishi Hvy 290.00 1.00 ***** /litsui Eng&Sbldg...217.00 unch 8797 /litsui Osk Lines 497.00 -9.00 ***** Jippon Express 377.00 5.00 3845 lipponYusen 275.00 -14.00 *****
        37 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      252 23 CRYPTIC CROSSWORD Across f^-^— I n\ I I I I I I large sum (4) i French 17 down (6) 23 Listen to dance round and see dancing partner (6) 5 Make a pig of oneself on the mass (7) 24 Principal route used by other side each time (7)
      252 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon The threat of 'hot money' in the region
      483 24 EMERGING countries the world over are growing increasingly concerned about strong inflows of "hot money" into their respective countries. "Hot money", also known as mobile capital, refers to short-term private capital that flows across borders into different markets in search of higher
      483 words
    • Article, Illustration
      Lock icon Asia should look at own-currency reserves
      1066 24  -  ANTHONY ROWLEY The issue is becoming critical now because of the decline of the US dollar GOVERNMENTS in Asia should continue to develop their domestic bond markets, the Asian Development Bank (ADB) argued during the fourth annual Asian Bond Markets Summit held in Singapore
      1,066 words
    • Article, Illustration
      Lock icon Climate treaty will also be in the interest of Opec
      795 24 THE BOTTOM LINE TACKLING carbon emissions inevitably runs against the vital interests of fossil fuel producers. And their resistance to a treaty is predictable. In the US, the fossil fuels lobby is busy trying to scuttle the clean energy bill.
      795 words
    • Article, Illustration
      Lock icon Risky business of tax-risk management
      969 25  -  yREX YOUNG Here are the 10 biggest mistakes companies make when implementing proper tax-risk management By TAX risk permeates the entire organisation as it has implications on almost every aspect of the business. Thus, tax-risk management is a discipline that should be taken seriously, not
      STOCK.XCHNG  -  969 words
    • Article, Illustration
      Lock icon Transforming conflict to harmony in South Asia
      1098 25  -  IFTEKHAR AHMED CHOWDHURY By THE three largest South Asian countries India, Pakistan and Bangladesh share much in common. Prior to 1947, they constituted a single political entity. They had common leaders. Mohandas Karamchand Gandhi, Muhammad Ali Jinnah and Sheik Mujibur Rahman were united
      AP  -  1,098 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAIBOARD
      8685 26 Transaction date: Nov 25 Hii Low Code Col Sale COOP) Hi. Low Bl Seller Cvr P/E (mil 17 3 3148 8Telecom 9.5 2.5 5834 A-Sonic 34 15 5000 ABRHIdgs 15.5 5.5 1938 AEI Corp 8 1 1100 AEM 23 8 2101 APOil 93 35 5550 ARA 8 2.5
      8,685 words
    • Article
      Lock icon SGX CATALIST
      1650 27 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E $mil 10 5 1181 s AAGrp 25 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 3 3480 t Adventus 20 8.5 3518 t Afor 12.5 2 1524 t Alantac 11 3.5 7814
      1,650 words
    • Article
      Lock icon SGX ETF
      402 27 52-Wk Tel h Low Code Last Sale Vol COOO) Day III Low Last Quote Buyer Seller Div GrYld C'vr Net MCap P/E $mM _Hm Conn _Hm 111 102 6389 ABFSG Bond ETF 110 +1 815 427 CIMBAsean40 1OOUS$ US808 unch 281 149 DBS STI ETF 100 280 unch
      402 words
    • Article
      Lock icon CLOB INTERNATIONAL
      248 27 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      248 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9480 27 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.117/ AIGIF Spore Bond Fund/A 1.369/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.1/ APS Alpha Fund (USD)!** 0.79/ AXA Life Secure Ascent 2020 Fund 0.9424/0.9424 AXA Wealth Mgt Spore Pte Ltd AXAWM -Talents
      9,480 words
  • Page 26 Advertisements
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 28 %dy %yr dy yr dy yr Index Change Change Change Change Change Change NOV24 World Index Preliminary 812.7 -0.5 19.9 -0.5 21.1 -0.6 26.0 EAFE Preliminai 756.0 -0.7 16.5 -0.8 22.5 -0.9 27.4 Euro[ Prelim inan 1102.2 -0.6 20.9 -0.8 27.9 -0.9 33.0 Pacific 584.0
      365 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 28 As at 9am Nov 25 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2660 1.3050 Can dollar 1.3010 1.3170 Euro 2.0610 2.0850 NZ dollar 0.9980 1.0190 iterlini ind 2.2860 2.3130 US dollar 1.3760 1.3940 Local dollars to 100 units of foreign
      131 words
    • Article
      Lock icon INTERBANK RATES
      177 28 Nov 25 $S_ Offer Bid Overnight 1-month 2-months 3-months Overnight mode: 3/4 US$ 1/4 7/16 9/16 11/16 Offer 1/8 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.25 0.28 0.35 0.38 0.60 0.90 1.00 Offer 0.20 0.22
      177 words
    • Article
      Lock icon STOCK INDEX FUTURES
      26 28 Nov 25 STI Nov 2797 2797 2793 SIMSCI Nov 334.3 337.1 336.5 Taiwan Nov 278.6 282.9 281.9 Source: MF Global (S) Pte. Ltd
      26 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Nov 25 I Bid Offer 1-month 1.3826 1.3841 2-months 1.3831 1.3846 3-months 1.3833 1.3849 6-months 1.3838 1.3856 Source: OCBC
      22 words
    • Article
      Lock icon PALM OIL
      65 28 Nov 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Low Vol Open Done Position Dec 09 2450 Jan 10 2477 Feb 10 2492 Mar10 2494 Total o/p: ***** contracts 2455 2486 2450 305 2135 2469 2501 2458 4126 ***** 2482 2518 2469
      65 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      293 28 Nov 25 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec09 Mar10 Jun10 Sep10 99.7400 99.6600 99.5100 99.2300 4891 6836 6215 3337 EUROYEN TIBOR FUTURES Dec09 Mar10 99.510 99.525 Jun10 Sep10 DedO Mar11 Jun11 Sep11 99.510 99.495 99.520 99.535 99.535 99.475 99.390 99.330 99.330 200 4135 3624
      293 words
    • Article
      Lock icon SICOM FUTURES
      193 28 Nov 25 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Dec 09 271.0 Jan 10 271.5 Feb 10 271.5 Mar10 275.0 Apr 10 May 10 270.0 271.5 271.0 275.0 270.0 271.5 271.5 275.0 275.5 276.5 366 130 80 147
      193 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 28 Nov 25 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.979 6.331 0.618 7.186 42.904 87.347 0.819 10.694 3.128 1.267 77.472 43.335 1.282 6.860 0.933 29.885 30.780 0.556 0.927 Canada 1.021 6.467 0.631 7.341
      464 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      84 28 Nov 25 Period Issue code Maturity Yesterday's Bid Hi' Day's [h Low 3-Month BQ*****A 25.02.2010 1-Year BY*****N 01.11.2010 0.42 0.51 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hig Day's igh Low 2-Year NX*****H 3.625 5-Year N*****0N 1.375 7-Year N*****0S 2.875 10-Year NX*****W 2.500 15-Year NY*****H
      84 words
    • Article
      Lock icon SIBOR
      77 28 Nov 25 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 1.***** 12 mths 1.***** SWAP
      77 words
    • Article
      Lock icon PRECIOUS METALS
      136 28 Nov 25 GOLD (USS/oz) Nov25 Nov24 Hong Kong 1176.20 1164.30 London Nov24 Nov23 1165.60 1169.75 1166.60 1170.55 Source: Thomson Reuters CAST BAR (S$) Nov 25 Buying Sellinc Kilobar "55,590.78" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1 oz 1 oz UBS Kinebar™
      136 words
    • Article
      Lock icon CHICAGO BOT
      102 28 Nov24\ SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 10 1046.00 1042.00 1049.25 1032.00 Mar 10 1052.00 1047.75 1055.00 1037.75 May 10 1054.25 1049.25 1056.00 1040.00 Jul 10 1058.50 1052.50 1060.50 1043.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 09 39.70 39.40 39.95 39.00
      102 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      78 28 CRUDE OIL PRODUCTS Nov 24 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 76.13 -2.91 WTI (Near Mth) 74.94 -1.70 Dubai (1 -Mth F) 77.48 -0.75 Tapis blend 82.15 1.25 Minas 78.95 -0.75 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 76.35 84.80 -1.05 -0.60 USS/barrel Opec
      78 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 28 Nov 25 Against SS Currencies Bid Offer Against USS Bid Offer S$IUS$ to one unit of foreign currency: 0.9270 0.9275 Australian dollar 1.2813 1.2834 Canadian dollar 1.3088 1.3109 0.9469 0.9474 Euro 2.0734 2.0761 1.5001 1.5004 NZ dollar 1.0109 1.0126 0.7314 0.7318 jterlini ind 2.3058 2.3091 1.6682 1.6688
      156 words
    • Article
      Lock icon LONDON METALS
      70 28 Nov 24 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 1990.50 2003.00 3 months 2024.00 2037.00 Copper, Grade A (USS/tonne) Cash 3 months 6840.75 6870.00 6920.00 6946.00 Lead (USS/tonne) Cash 2306.50 3 months 2333.00 2384.50 2410.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash 3
      70 words
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      Lock icon LIFFE
      76 28 Nov 24 COCOA (Btonne) Close Prev Hii ih/Low Dec 09 2121 2144 2147/2117 Mar 10 2151 2171 2175/2147 May 10 2173 2191 2194/2170 Jul 10 2137 2150 2145/2136 COFFEE (USS/tonne) Close Pev High/Low Nov 09 1314 1334 Jan 10 1328 1348 1345/1325 Mar 10 1364 1380 1377/1357 SUGAR (US
      76 words
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2272 28 BONDS, WARRANTS EXTENDED SETTLEMENT Pel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left Asia-Pacific Strategic W*****6 3.5 >036AdvanceSCTLtdW*****9 0.5 S756#AsiaticGrp(H) LtdW*****2 8 H05#Asiatravel W*****7 35 1 15 16 4.57 1 87 1844 9.00 1 3 -4 1.44 1 28 1.80 54 9
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  • BizIT
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      Lock icon Sitex eyes sales of more than $45m
      535 31 It is hoping that the economic turnaround and the spirit of gift-giving will spark increased spending, reports WINSTON CHAI SITEX organisers are banking on the economic turnaround and the spirit of gift-giving to smash the tech bazaar's previous sales record of $45 million.
      THE STRAITS TIMES FILE PHOTO  -  535 words
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      Lock icon Revenue from mobile data services overtaking SMS: IDC
      855 31  -  AMIT ROY CHOUDHURY By THE popularity of smart phones coupled with the introduction of third-genera-tion mobile telephony networks has brought cheer to telcos in Singapore and Asia-Pacific excluding Japan (APEJ). Subscribers are using these phones for mobile multimedia services. This directly translates
      855 words
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  • PROPERTY
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      Lock icon Two properties on tap for investment players
      590 32  -  KALPANA RASHIWALA Big industrial plot put on reserve list; Boon Building up for grabs for $12-13 m By PLAYERS in the property investment sales market have just been offered two properties an industrial plot at Kaki Bukit Avenue 4, made available for application
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      Lock icon New York gets nod to seize property for project
      764 33 Bloomberg Court ruling makes it easier for cities to take property for redevelopment [NEW YORK] New York is legally permitted to seize property to make way for developer Bruce Ratner's Atlantic Yards project in Brooklyn, New York, which includes a basketball
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      Lock icon European CMBS at risk of defaulting: Fitch
      389 33 Reuters [LONDON] A slower correction in mainland European property values has turned tens of billions of euros of mortgage-backed bonds into potential time-bombs with a greater risk of defaulting than their UK peers, Fitch Ratings said. The agency has so far this year
      – Reuters  -  389 words
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      Lock icon Melbourne mansion sale smashes record
      180 33 Xinhua [CANBERRA] A mansion in Melbourne's inner east has broken the city's record for a house price, Australian Associated Press reported yesterday. A Melbourne businessman bought Avon Court in Shakespeare Grove, Hawthorn, on Tuesday night for a sum believed to be between As2l million and
      – Xinhua  -  180 words
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      Lock icon Triple One Somerset to open after $50m face-lift
      474 35  -  UMA SHANKARI Ex Singapore Power Building refurnished to include retail and F&B space By THE former Singapore Power Building in Somerset Road will re-open in January 2010 as Triple One Somerset after a $50 million make-over. The office building acquired by Singapore-based
      474 words
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      Lock icon BOA sells top exec's home at 44% discount
      310 35 Bloomberg [CHARLOTTE, North Carolina] Bank of America Corp (BOA), the biggest US home lender, sold a home for its top housing executive for 44 per cent less than its initial asking price set last year, property records show. Barbara Desoer, head of
      – Bloomberg  -  310 words
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      Lock icon Abu Dhabi limits housing construction to avoid glut
      793 35 Bloomberg [DUBAI] Abu Dhabi is limiting construction to avoid the housing glut and price declines that battered the real estate market in neighbouring Dubai, Aldar Properties PJSC chief executive officer John Bullough says. The emirate has a shortage of 15,000 to 20,000
      Bloomberg; BLOOMBERG  -  793 words
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      563 33 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons No. 1307 of 2009/N In the Matter of Sections 210 and ZZ7X of the Companies Act (Cap. 50,2006 Rev Ed) AND In the Matter of So Say Cheong Pis Ltd (Under Judicial Management) (RCN0.*****0573R) ...Applicant PROPOSED SCHEME OF ARRANGEMENT
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      60 35 For Sale By Tender Igg 6-storey commercial building along South Bridge Road II Site area 211.2 sm (2,273 sf) Floor Area: 1,146.3 sm (12,339 sf) l^^HH' Tenure Leasehold 999 years -~*~--< i^h'hh4" I Sale with vacant possession ■Hl^B' i 1 Tender Closing: B.J Thursday, 17 Dec 2009, 4pm Lianhe Zaobao
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      230 36 y Come home to Cyan a stunning new residence in the heart of Bukit Timah. A few minutes 1 eukit con course ?M a cßiKhie Reservoir Park from the sjngapore Botanjc Gardens and Orchard Road, Cyan is close to prestigious schools 1 SimeG°'f C°u^^^^^^^^HHEl3!niiE^^^^^^^^^^^^^H and tne upcoming Stevens MRT Station
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