The Business Times, 13 November 2010

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Total Pages: 49
1 20 The Business Times
  • 17 1 weekend the business times www.businesstimes.com.sg NOVEMBER 13-14, 2010 S$1.00 MICA(P) 139/08/2010 sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • 793 1  -  Competition in the medical tourism sector is getting stiffer though S’pore still has upper hand By Chen Huifen xuifen@sph.com.sg Singapore SINGAPORE’S medical tourism business is growing more slowly than that in other regional healthcare spots. And although the island still has the upper
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  • 630 1  -  By Emilyn Yap emilyny@sph.com.sg Seoul WORLD leaders from the Group of 20 (G-20) shied away from controversial moves as their summit ended yesterday, turning in a report card which carried fewer breakthroughs than hoped for. While the grouping endorsed new Basel III
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  • Page 1 Advertisements
    • 191 1 the the MOTORING The new Volvo S60: sexy and safe L18 the raffles conversation ANDREW COSSLETT, CEO OF IHG HOTEL CHAIN 10 -11 SHOW ME THE MONEY QE2 rules OK so far 33 missing dough BreadTalk unauthorised cheques MALAYSIAN unit discovers issue of RM1.5 million in unauthorised cheques in routine
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  • TOP STORIES
    • 409 2  -  Malaysian unit discovers issue of RM1.5 million in unauthorised cheques; police report filed By Felda Chay feldac@sph.com.sg Singapore SOMEONE has been skimming the cream off BreadTalk Group. The food and beverage player said yesterday that its Malaysian unit had found that unauthorised
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    • 364 2  -  By Linette Lim llinette@sph.com.sg Singapore FOR a couple of hours, the floating platform at Marina Bay was dotted with a kaleidoscope of colours. More than 4,000 competitive and recreational runners were there yesterday to take part in Bull Charge, the Singapore Exchange’s
      ARTHUR LEE  -  364 words
    • 140 2 H STI 3,252.00 (-41.39) H STI FUTURES 3,236.00 (-53.00) H SIMSCI 381.50 (-7.13) H SIMSCI FUTURES 380.30 (-7.50) STOCKS Friday Change KL COMP 1,499.81 –13.89 NIKKEI 225 9,724.81 -136.65 HANG SENG 24,222.58 -477.72 SET 1,018.86 -11.00 JAKARTA 3,665.85 -78.77 MANILA 4,076.68 -67.73 KOSPI 1,913.12 -1.61 SHENZHEN B 833.22 -48.16
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    • 955 4  -  commentary By Kalpana Rashiwala kalpana@sph.com.sg THE bi-annual Government Land Sales (GLS) announcement is just around the corner and from the look of things, the government is likely to continue supplying land for private residential development mainly through its confirmed list. In fact, some industry
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    • 474 6  -  Banks should not be made to hold more capital than Basel III requires By Emilyn Yap emilyny@sph.com.sg Seoul GLOBAL banks should not be made to hold more capital than Basel III requires because that could push capital into riskier parts of the financial
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    • 579 6  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur SOUNDING the warning bell on hot money rocking the stock market, former Malaysian prime minister Mahathir Mohamed has reiterated the need for tighter monitoring of short-term inflows in the light of the recent run-up in
      REUTERS  -  579 words
    • 816 8  -  Liu Thai-Ker shares his views on winning the trust of his Chinese partners Reports by Chen Huifen xuifen@sph.com.sg Singapore MANY drink heavily to win the trust of their Chinese business partners, but renowned architect Liu Thai-Ker has managed to penetrate China without
      FILE PHOTO  -  816 words
    • 396 8 LIU Thai-Ker started his friendship with China in the early 1980s when he was tasked to help the Fuzhou government with the master planning of the city. This was followed by a similar request from Xiamen. Since then, he has helped to chart “many, many” master
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  • Page 2 Advertisements
    • 61 2 CONTENTS NEWS Top Stories 2-8 Week In Review 9 Raffles Conversation 10-11 Companies 12-15 From The Desk Of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-32 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Dining L2-5 Shopping L6 Style L7 Watches L8-9 Travel
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  • Page 3 Advertisements
    • 94 3 YOURWELCOME OFFER. I A JC I m a J L ril n > B T7 5v COOPER MINI 1 COOPER CABRIO S MINI -MS4*. •<Rs s i t J*. as I 5^5 ?2»| ifSaniKia (Wis > > MINI BE MINI. Meet the NEW MINI Family. More performance yet less consumption.
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  • Page 5 Advertisements
    • 160 5 Screen images are simulated. ©2010 Samsung Electronics Co. Ltd. Picture perfection at your fingertips Aperture Shutter Speed EV ISO White Balance Scene r Isis du Jour Jewellery designer W 1 2 WzM H» i L v Creation comes easy, with the World's First i-Function lens. All elements that make a
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  • Page 8 Advertisements
    • 250 8 RICKMERS MARITIME Registration Number: *****03 (Constituted under the laws of Singapore) Managed by Rickmers Trust Management Pte. Ltd. NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Rickmers Maritime will be closed at 5.00 pm on 30 November 2010
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK | Nov 8-12, 2010
      • 56 9 THE ground floor of brokerages across the CBD have been livelier than usual, as walk-in clients clamour to part with their money, keen for a piece of the initial public offering gold rush. But already, it is evident that some
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      • 56 9 HONG Leong Group is understood to have sold freehold Prime Centre on Middle Road for $103 million or $1,415 per square foot based on existing net lettable area of about 72,800 square feet. The 16-storey building is about half-vacant but that should suit
        56 words
      • 51 9 DEVELOPERS looking to build homes are no longer bidding with wild abandon at government land sale tenders. This can be gauged by the gap between the top and next highest bid for residential sites and sites with a residential component, which has
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      • 46 9 REMISIERS are not the only ones that are less-than-enthusiastic about the Singapore Exchange’s proposal to scrap the lunchtime trading break. Food and beverage outlets in the Central Business District are also concerned that it could have an adverse impact on business.
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      • 50 9 THE shovels and pickaxes of the last gold rush might have vanished, but prospectors were back in full force as gold broke through the US$1,400-an-ounce barrier and they are here to stay. Whether it is good news is another matter.
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      • 62 9 CHINA on Tuesday signalled its intention to drain excess cash from its financial system by unexpectedly raising the yield on bills at a central bank auction and announcing new rules to curb hot money inflows. One measure sparked a day of unprecedented
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      • 56 9 STRONG loads and yields enabled Singapore Airlines to bounce back into the black to the tune of $380 million for its second quarter, against a $159 million loss a year ago. Revenue at $3.6 billion was up 18 per cent as load
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      • 60 9 DESPITE reporting sterling results on Tuesday, Singapore Airlines has run into stormy weather. It has grounded three of its Airbus A380s after oil leaks were found in their engine turbines and, separately, its cargo arm has been slapped with a huge fine
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      • 57 9 BAD blood between the world’s 20 biggest rich and emerging nations spilled over on the eve of a summit on rebalancing the lopsided global economy. Ill-tempered pre-summit talks grew heated as officials laboured over a leaders’ statement on fixing trade imbalances, a result of
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      • 36 9 GENTING Singapore’s third-quar-ter results showed that it still remains a very lucrative act. The casino operator raked in almost S$2 billion in revenues for the nine months ended Sept 30.
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      • 59 9 SINGAPORE’S three telcos will compete head to head in mobile, broadband and television services for the first time as M1 finally makes its long-expected foray into the pay-TV market. It will, from Friday, offer a range of low-cost educational programmes, music shows and movies
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      • 82 9 THERE is room for fast-growing economies to let their nominal exchange rates rise over time, said Prime Minister Lee Hsien Loong on Thursday. He also urged the G-20 to coordinate policies to achieve sustainable balanced growth, and stressed the importance of
        AFP  -  82 words
    • NEXT WEEK | Nov 15-19, ’10
      • 27 9 Nov 15 Oct retail sales Nov 16 Oct producer price index Oct industrial production Nov 17 Oct consumer price index Nov 18 Philadelphia Fed Survey
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      • 36 9 Nov 15 Sept retail sales and catering trade indices Nov 16 Oct merchandise trade Nov 18 Q3 gross domestic product Q3 central government debt Q3 balance of payments Nov 19 Q3 wholesale trade index
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      • 8 9 Nov 16 Brussels Eurozone finance ministers’ meeting
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  • Page 9 Miscellaneous
    • 312 9 CRYPTIC CROSSWORD Across 1 Country and Western drinks (5) 4 Interior decoration, pretty as can be (8) 8 Unusually strained exchanges (6,2) 9 Lent is brought forward (8) 11 No acceptance of FA rules being broken (7) 13 Deserted by Jack and done in (9) 15 Discharge for sudden refusal
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    • 13 9 SATURDAY with Ludwig ‘Control tower has just turned on the fasten engine sign...’
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  • THE RAFFLES CONVERSATION
    • 2471 10/11  -  CEO of the world’s largest hotel chain, with over 300,000 staff and 4,507 hotels under his charge, Andrew Cosslett is a firm believer in teamwork and retaining talent. By George Joseph By George Joseph georgej@sph.com.sg THEREaretwo important things that Andy Cosslett learnt when h e w
      IHG  -  2,471 words

  • COMPANIES
    • 663 12  -  Q3 corporate earnings increase 28 per cent from a year earlier By Teh Shi Ning tshining@sph.com.sg Singapore MANY listed companies lived up to the heightened market expectations this third quarter earnings season, though there were those who fell short too. Based on the majority
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    • 325 12  -  By Joyce Hooi joyceh@sph.com.sg Singapore STX OSV Holdings debuted on the main board yesterday, hitting a high of 88 cents 11 per cent above its offer price before settling at 81 cents for a 2.5 per cent premium. The offshore
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    • 205 12 DIVERSIFIED property firm Second Chance Properties yesterday reported a 28 per cent jump in net profit to $5.92 million for its first quarter ended Sept 30 from a year ago. Revenue for the quarter rose about 9 per cent to $19.3 million and
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    • 332 12  -  By Lynn Kan lynnkan@sph.com.sg Singapore CONGLOMERATE Fraser and Neave (F&N) yesterday reported a full-year net profit of $819.8 million, up 128 per cent from the previous corresponding period. Revenue rose 10.7 per cent to $5.69 billion, spurred by its food beverage and property
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    • 568 13  -  Bullish trend, however, stays strong given the upcoming holiday season By Grace Leong gleong@sph.com.sg Singapore A BOUT of profit-taking took the froth off Genting Singapore shares yesterday after its third-quarter earnings came in short ofseveral analysts’estimates. Sharesof the mainboard-listed casino operator fell 9.2 per
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    • 139 13 COMFORTDELGRO has reported a 10.4 per cent rise in third-quarter net profit to $61.4 million, taking the net profit for the first nine months to $173.9 million. Revenue for the three months ended Sept 30 rose by $40.8 million, or 5.2 per cent
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    • 424 14  -  Full-year sales of $924m close to company’s $1b revenue target By Jamie Lee leejamie@sph.com.sg Singapore CEREBOS Pacific which makes tonic drinks such as Brand’s Essence ofChicken posted a7 per cent dip in net profit for the fourth quarter against higher expenses. Net profit for
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    • 278 14  -  By Joyce Hooi joyceh@sph.com.sg Singapore RICKMERS Maritime posted a net loss of US$54.6 million for its third quarter ended Sept 30, 2010, against a net profit of US$9.2 million for the corresponding period a year ago. The blow to the trust’s bottom
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    • 289 14  -  By Nisha Ramchandani nishar@sph.com.sg Singapore FASHION and lifestyle group F J Benjamin Holdings chalked up a net profit of $3.2 million for the first quarter ended Sept 30 (1QFY11) up significantly from $459,000 in 1Q10 boosted by increased operating profit and a
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    • 409 14  -  By Felda Chay feldac@sph.com.sg Singapore PROPERTY developer and investment group Metro Holdings Ltd said yesterday that net profit for its second quarter rose by more than four-fold on higher revenue from its property and retail businesses. For the second quarter ended Sept
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    • 621 15  -  stocks R Sivanithy sivan@sph.com.sg Senior correspondent A PHRASE that springs readily to mind when trying to devise catchy ways to describe the week that’s just passed is: “The trend isyour friend until it bends”. Monday and Tuesday saw the Straits Times Index (STI) leap
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    • 338 15  -  By Nisha Ramchandani nishar@sph.com.sg Singapore BANYAN Tree Holdings has rebounded into the black, with a net profit of $108,000 for the third quarter ended Sept 30, bolstered by a gain from the sale of Seychelles land by its joint venture company. Revenue
      338 words
    • 111 15 VOL CLOSE GentingSP 403,291 213 -15.0 -6.6 TopGlobal 271,232 1.5 0.0 0.0 *GentingHK US$ 91,173 48.5 -3.3 -4.9 GoldenAgri 79,993 73 -3.0 -3.9 Kreuz 79,866 45 -5.0 -10.0 STXOSV 58,695 81 0.0 0.0 Nordic 46,017 21.5 -1.0 -4.4 NobleGrp 35,108 214 -6.0 -2.7 SingTel 33,232 327 -4.0
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    • 110 15 Stock name Close Change CapMallsAsia 2.090 -0.030 CapitaLand 3.820 -0.060 CapitaMall 1.970 -0.010 CityDev 13.040 -0.460 ComfortDelGro 1.460 -0.010 DBS Grp 14.040 -0.040 F&N 6.580 -0.070 Genting SP 2.130 -0.150 Golden Agri 0.730 -0.030 HK Land 7.290 +0.240 JMH 48.220 JSH 27.900 +0.120 Jardine C&C 38.180 -0.240 Keppel
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    • 56 15 BY CENTS CLOSE UP DBXT MSUSA 10US$ 2874 442.7 13.5 DBXT S&P Short 10US$ 4764 64.9 1.1 HK Land 729 31.2 3.4 UOB 5.05%NCPS 100 ***** 24.0 0.2 Asia Pac Brew 1840 20.0 1.1 JSH 2790 15.6 0.4 NobleGrpMBLeCW*****0 60 11.0 22.4 DairyFarm 816 9.1 0.9 SIMSCI380MBePW*****0 18.5
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    • 64 15 BY CENTS CLOSEDOWN DBXT Nifty 10US$ ***** -632.2 -3.4 DBXT MSKorea 10US$ 5363 -311.5 -4.3 GLD 10US$ ***** -311.5 -1.7 DBXT E50 10US$ 4112 -273.9 -4.9 DBXT DBLCI-OY 5US$ 3789 -205.1 -4.0 DBXT MSEurope 10US$ 4446 -201.2 -3.4 IS DJ US Tech 6186 -186.9 -2.3 DBXT SPASX200 10US$
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  • Page 15 Advertisements
    • 289 15 M AT3 RECRUIT IT• SELL IT• FIND IT R Pacific Radiance Pacific Radiance Limited is a holding company based in Singapore with subsidiaries in the shipbuilding, chartering and operating of Offshore Supply Vessels (OSV) as well as Diving Support Vessels (DSV); and providing support services to the Oil and Gas
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  • FROM THE DESK OF
    • 974 16  -  ‘Give and get’ approach boosts employee attraction and retention from the desk of Charles Lim Head of Human Resources Procter Gamble Asia EMPLOYEES are people. This sounds simplistic, but companies often lose sight of the fundamentals as an organisation grows bigger. People matter over
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  • SINGAPORE
    • 527 17  -  It comes in 6th overall, with a high score in attracting and retaining high-quality teachers By Lee U-Wen leeuwen@sph.com.sg SINGAPORE has emerged tops in Asia and sixth among 55 nations worldwide when it comes to skills competitiveness, according to a new study conducted
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    • 272 17  -  By Linette Lim llinette@sph.com.sg THE Agency for Science, Technology and Research (A*Star) will test-bed an infection control technology called Project Safe Hands at the National University Hospital (NUH) and Changi General Hospital. The project a collaboration between A*Star and the Center for Integration
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    • 255 17 Baey to be Hill Knowlton MD INTERNATIONAL public relations firm Hill Knowlton has promoted Baey Yam Keng to managing director. His appointment takes effect on Jan 4. Concurrently, Jimmy Tay, the company’s chief executive for South-east Asia, has resigned after 11 years with the agency. He leaves in January. In
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    • 119 17 AFP AUSTRALIA’S Adam Scott (left) took a two-stroke lead at the halfway mark of the Barclays Singapore Open yesterday as defending champion Ian Poulter charged up to second spot before bad light stopped play at the Tanjong course at Sentosa Golf Club. US Open champion Graeme McDowell
      AFP; REUTERS  -  119 words
    • 322 18  -  Institutions should now transition to convergence, says advisory panel By Teh Shi Ning tshining@sph.com.sg THE development of Singapore’s tertiary education system “has reached a watershed”; and as it nowtransitionstoan“increasingly variegated” landscape, it is imperative that both new and existing institutions “exploit areas of convergence”, a high-level
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    • 265 18 BOBBY Chin, the man tasked with transforming the local accountancy scene, has been honoured with the ACCA Award for Contributions to the Development of the Accountancy Profession. ACCA (Association of Chartered Certified Accountants) Singapore said that Mr Chin’s “exceptional contributions to the sector have
      ACCA SINGAPORE  -  265 words
    • 344 18  -  By Karen Ng karenng@sph.com.sg SINGAPORE Inc as a country brand came in 15th place globally, while in Asia it bagged second place after Japan, according to FutureBrand’s 2010 Country Brand Index (CBI). Canada, Australia and New Zealand were the
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  • Page 17 Advertisements


  • WORLD
    • 563 19 Regulator, bourse operator investigating sell-off in the final minutes of trading on Thursday Bloomberg Seoul SOUTH Korean financial regulators and the nation’s stock exchange operator are investigating the cause of Thursday’s plunge in the Kospi Index, including sell orders made through Deutsche Bank AG’s local brokerage.
      Bloomberg  -  563 words
    • 627 19 Bloomberg New Delhi INDIA’S industrial production growth unexpectedly slowed to a 16-month low in September, signalling that consumer demand is waning after Asia’s fastest round of monetary policy tightening this year. Stocks and bond yields fell. Output at factories, utilities and mines rose
      Bloomberg; AFP  -  627 words
    • 324 19 Reuters Seoul MORE jobs in the upper ranks of international financial institutions (IFIs) should go to people from the emerging economies, China’s President Hu Jintao said yesterday. In a speech to a summit of the Group of 20 major economies, Mr
      Reuters  -  324 words
    • 644 20  -  Members warn of danger of currency wars erupting if they don’t accept need to coordinate exchange rate policies By Anthony Rowley btworld@sph.com.sg Yokohama THERE is probably no need to create a formal Free Trade Area of the Asia-Pacific (FTAAP) of the kind Apec
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    • 301 20 AFP Beijing CHINA says it has toughened rare earth export rules to allow only producers that meet environmental protection laws and international standards to ship the precious elements out of the country. The rules are Beijing’s latest move to rein in rare earth exports,
      AFP  -  301 words
    • 330 20 Bloomberg London ROLLS-ROYCE Group plc said it will miss its 2010 profit target and Airbus SAS said deliveries of its A380 may take a hit next year as the fallout from an engine blowout on the flagship aircraft ripples through the industry.
      Bloomberg  -  330 words
    • 474 21 Stock losses moderate after release of data by Thomson Reuters/University of Michigan latest us data Bloomberg AP Reuters Washington CONSUMER confidence increased in November for the first time in three months, a signal gains in employment and wages are starting to lift Americans’ spirits. The
      Bloomberg; AP; Reuters; BLOOMBERG  -  474 words
    • 289 21 Bloomberg Kuala Lumpur MALAYSIA’Scentralbankleftborrowing costs unchanged for a second consecutive meeting as inflation and global growth eased, avoiding an increase that may attract capital inflows and strengthen the nation’s currency. Bank Negara Malaysia kept its benchmark overnight policy rate at 2.75 per cent.
      Bloomberg  -  289 words
    • 195 21 Reuters Tokyo JAPANESE drugmaker Otsuka Holdings plans to sell about US$2.8 billion worth of shares in December, marking the world’s largest initial public offering (IPO) in the pharmaceuticals sector. Japan’s IPO market has been in the doldrums with the exception of Dai-ichi
      Reuters  -  195 words
    • 333 21  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYAN Banking (Maybank) has posted a profit attributable to equity holders of RM1.03 billion (S$428 million) for its first quarter to end September, 17 per cent higher than last year as net interest income (NII) improved. NIIroseby
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    • 582 22 The transaction its first asset purchase in the US may be for less than US$1b, sources say Bloomberg New Delhi COAL India Ltd, the world’s largest coal producer, is considering a Massey Energy Co mine for its first asset purchase in the US,
      Bloomberg  -  582 words
    • 391 22 AFP Japan HONG KONG’S leader warned yesterday that a move to inject billions of dollars into the ailing US economy could inflate Asian asset bubbles and trigger a repeat of the region’s 1997-98 crisis. Chief Executive Donald Tsang said that there was
      AFP  -  391 words
    • 268 22 Bloomberg Beijing STARBUCKS Corp, the world’s biggest coffee chain, plans to open 500 stores during the next 12 months as the global economy recovers. “Our ability to navigate through the financial crisis and come out much stronger gives us reason to start
      Bloomberg; BLOOMBERG  -  268 words



  • Page 22 Advertisements

  • SGX
    • 9252 23 Transaction date: Nov 12 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 18.5 +1 1402 19 18.5 18.5 19 1.7 9.8 5.9 88.6 12 5 5834 A-Sonic 5.5 -0.5
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    • 1839 26 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 4.5 4 5 25 4.3 225 130 6222 t APStrategic 164 158 164 97.3 4 0.5 1501
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    • 186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 13 3 0 0 0 2 13 3 Manufacturing 24 103 76 6 10 12 30 113 88 Commerce 8 36 22 3 8 7 11 44 29 Tpt/Stor/Comms 5 31 7
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    • 850 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 8 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Metro Hldgs Ltd 11-Nov-10 Daniel Ong Jen Y ST ***** na ***** 3.45 0 0.00 Breadtalk Grp
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    • 119 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,885 22,885 101,699 101,699 Manufacturing 405,585 45,416 451,001 294,566 1,508 296,074 Commerce 102,611 32,240 134,851 137,658 3,725 141,384 Tpt/Stor/Comms 209,133 904 210,037 329,520 94 329,614 Finance 31,575 31,575 272,645 272,645 Construction 66,509 274,761 341,270 13,362
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  • MARKETS
    • 118 27 Nov 12 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.33 1.255 Can dollar 1.309 1.259 Euro 1.792 1.724 Sterling pound 2.118 2.037 NZ dollar 1.034 0.985 US dollar 1.309 1.259 Local dollars to 100 units of foreign currency: Currencies Sell
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    • Article, Illustration
      90 27 YTD change:+12.23% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,648.15 on May 25,2010 Source: Bloomberg YTD change:+10.74% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,971.50 on May 27,2010 Source: Bloomberg YTD change: +8.20% 52-week high: 11,451.50 on Nov 5,2010 52-week low: 9,614.32 on July 2,2010 (Chart
      Source: Bloomberg  -  90 words
    • 374 27 In local curr In S$ In US$ dy yr dy yr dy yr Nov 11 Index Change Change Change Change Change Change World Index Preliminary 873.8 -0.4 5.0 -0.4 -2.0 -0.3 6.7 ‡EAFE Preliminary 790.6 -0.1 0.7 -0.1 -4.7 0.0 3.8 Europe Preliminary 1159.8 -0.3
      374 words
    • 154 27 Nov 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2786 1.2796 0.9850 0.9854 Canadian dollar 1.2819 1.2829 0.9876 0.9879 Euro 1.7648 1.7660 1.3595 1.3599 NZ dollar 1.0052 1.0060 0.7744 0.7747 Sterling pound 2.0825 2.0839 1.6043 1.6047
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    • 82 27 Nov 11 COCOA (£/tonne) Close Prev High/Low Dec 10 1846 1847 1860/1834 Mar 11 1871 1872 1885/1859 May 11 1890 1891 1904/1879 Jul 11 1909 unch 1919/1899 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1920 1970 1993/1900 Jan 11 1931 1984 1998/1891 Mar 11 1938 1983 2001/1898 May 11
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    • 93 27 Nov 11 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 10 1330.*****9.*****2.*****9.00 Jan 11 1339.*****9.*****3.*****7.50 Mar 11 1347.*****8.*****0.*****6.25 May 11 1346.*****8.*****9.*****7.75 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Dec 10 55.03 53.95 55.05 53.55 Jan 11 55.35 54.25 55.30 53.84 Mar 11 55.70 54.61 55.60
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    • 61 27 Nov 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 10 749 Dec 10 3320 3349 3361 3283 659 4214 Jan 11 3333 3353 3355 3269 ***** ***** Feb 11 3305 3351 3352 3270 9456 ***** Total
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    • 75 27 Nov 11 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 89.08 0.29 WTI (Near Mth) 87.77 0.04 Dubai (1-Mth F) 86.36 0.65 Tapis blend 93.20 0.80 Minas 88.80 0.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 89.17 1.39 Jet Kerosene 102.25 1.45 US$/barrel Opec Oil Basket Price
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    • 72 27 Nov 11 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2431.50 2421.25 3 months 2457.00 2448.00 Copper, Grade A (US$/tonne) Cash 8835.25 8767.00 3 months 8830.00 8760.00 Lead (US$/tonne) Cash 2585.75 2579.75 3 months 2610.00 2604.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 68 27 Nov 12 GOLD (US$/oz) Nov 11 Nov 12 Hong Kong 1407.*****6.00 Nov 10 Nov 11 London 1388.*****0.70 1389.*****1.60 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 35.05 34.83 Source: UOB PLATINUM Lon (US$/oz) Nov 11 Close Previous PM Fix 1765.*****8.00 AM Fix 1768.*****4.00 Source: Thomson Reuters PLATINUM NYMEX
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  • PERSPECTIVE
    • 1104 28 / 29  -  Most Americans have no ideological commitment in the debate over trade. They want working policies that help create new and well-paying jobs. Leon Hadar Washington correspondent IF YOU insist on challenging the notion that the vote in the recent US mid-term elections was not driven by
      REUTERS  -  1,104 words
    • 820 28 / 29  -  Creative time is reduced from the moment that we are forced to stop playing and conform to a system David Mason ~The writer, a former partner of Price Waterhouse Singapore, runs his own consulting business in the UK. E-mail boss@mcewenmasons.demon.co.uk SINGAPORE is often criticised for a
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  • Wealth
    • WEALTH INVESTING
      • 1048 30 / 31  -  Our behaviour and decision-making are influenced by an array of psychological undercurrents that’re much more powerful and pervasive than we realise, says book Genevieve Cua gen@sph.com.sg Personal Finance Editor EVER wondered why you made that stupid decision? Irrationality is often talked about in the context of
        YEN MENG JIIN  -  1,048 words
      • brokers’ take
        • 339 30 / 31 Buy DBS Vickers Securities Nov 12 Close: $2.13 RESULTS in line: Q3 2010 net profit (ex-exceptionals) came in at $216 million (-46 per cent quarter-on-quarter, or q-o-q), on the back of $348 million adjusted Ebitda (earnings before interest, tax, depreciation and amortisation) (-32 per cent q-o-q) which saw:
          339 words
        • 408 30 / 31  -  Neutral CIMB Research Nov 12 Close: $3.25 Compiled by Jamie Lee IN line; maintain “neutral”: Q1 2011 net profit of $30 million (+56 per cent y-o-y) met our expectation, accounting for 9 per cent of our FY 2010 estimate and consensus. Q1 seasonally accounts for 5-10 per cent
          408 words
      • 943 32  -  Private foundations are spending their full endowments and closing down. By Deborah L Jacobs By Deborah L Jacobs NYT TRADITIONALLY, people who set up private foundations either during their lifetimes or through an tateplan–envisionedanentity that would carry on their philanthropy for generations. But lately,
        NYT; BLOOMBERG FILE PHOTO  -  943 words
      • 1481 33  - QE2 rules OK so far The Fed’s second round of quantitative easing has managed to lift the mood of market participants show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder I WAS at a concert last night and picked up some snippets of
        1,481 words
    • WEALTH REAL ESTATE
      • 913 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 15 LANDED Onan Rd 2-Ter 18/10/2010 FH 1730 1510 873 Tembeling Rd 2-Ter 19/10/2010 FH 2815 2100
        913 words
      • 601 35 City’s residential property prices will likely gain 30% from now until end-2011: analysts Bloomberg Tokyo HONG Kong will take legislative and administrative steps against speculative activity in the housing market, Chief Executive Donald Tsang said. Asian economies are attracting “huge amounts” of liquidity, increasing
        Bloomberg; REUTERS  -  601 words
      • 516 35  -  By Kalpana Rashiwala kalpana@sph.com.sg Singapore KEPPEL Land sold about 250 units of The Lakefront Residences at the project’s preview yesterday. The units sold in the 99-year leasehold condo next to Lakeside MRT Station and near Jurong Lake were priced at about $1,020 psf on
        516 words
      • 224 35  - High-level changes at Cushman Wakefield By Linette Lim llinette@sph.com.sg Singapore CUSHMAN Wakefield has appointed Donald Han as vice-chairman of its Singapore operations. Mr Han was previously the managing director for Singapore and head of the regional investment group for Asia-Pacific. In his new role, he will focus on business development
        224 words
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    • 61 1 LivingTHEBUSINESSTIMESWEEKEND|NOVEMBER13-*****0BTTHE BUSINESS TIMES WEEKEND NOVEMBER 13 -14 2010 FOR YOUR CONVENIENCE New culinary concepts in the city L2-4 SHOPPING Be one of the gifted ones L6 TRAVEL Eclectic ensemble L10-11 WATCHES Moving with the times L8-9 PHOTO: YEN MENG NO HOLDS BARRRED Man, there's another united? L16 BEAUTY Spas off
      61 words

  • BT Living
    • DINING
      • 2176 2/3  -  Singapore’s newest financial centre is turning out to be a food centre to be reckoned with, thanks to a host of interesting new culinary concepts setting up shop there. By Audrey Phoon By Audrey Phoon aphoon@sph.com.sg NOT too long ago, grocery shoppers in the Raffles Place area
        YEN MENG JIIN  -  2,176 words
      • Article, Illustration
        777 5  -  Tetsuya Wakuda is an advocate for sake and its ability to enhance food beyond the Japanese domain. By Geoffrey Eu By Geoffrey Eu btnews@sph.com.sg WHEN it comes to culinary immortals, Tetsuya Wakuda ranks right up there with the best of them a first-name-only kitchen god whose eponymous Sydney
        777 words
    • SHOPPING
      • 1087 6 Common sense tells us that gift-giving is an art but there’s science behind picking the right gift LAT-WP Washington AS we approach Hanukkah, Christmas, Kwanzaa, Christmakwanzakah, Festivus and various other end-of-the-year occasions, two types emerge. There are those who seem to give the perfect
        LAT-WP  -  1,087 words
    • STYLE
      • 1144 7 Editors and models now wield an influence in the style world online which could ironically outstrip the magazines they serve NYT New York ANNA Dello Russo lives in a glass house thevirtualkind–hersubtlestgestureorsartorial quirk scrutinised by her legions of fans. Pecking at their keyboards, those online viewers wax
        NYT  -  1,144 words
    • WATCHES
      • 1371 8 / 9  -  Online technology has helped Christie’s, one of the world’s oldest auction houses, find a new market and grown the popularity of its watch auctions. By Dylan Tan By Dylan Tan dylantan@sph.com.sg THANKStoeBay,many people are more familiar with the concept of auctions but many still stay away
        1,371 words
    • TRAVEL
      • 1146 10 / 11  -  Once-unfashionable, London’s East End is now populated with shops and clubs which emanate edginess and laid-back cool. By Geoffrey Eu By Geoffrey Eu btnews@sph.com.sg THERE’S nothing like a leisurely stroll through a weekend street market to get the retail therapy juices flowing and the bar-gain-hunting instincts honed to
        PHOTOS: GEOFFREY EU  -  1,146 words
    • BEAUTY
      • Off the beaten tack
        • 473 12 / 13 Vedure 04-06/06A Wheelock Place Z6732-6448 www.vedure.com/ BT Weekend looks at three spas in Singapore that are upping the ante on competitors by introducing quirky beautifying treatments that flaunt an exotica of ingredients IF THE idea of eating placenta to keep your youthful looks does
          PHOTOS: VEDURE NAILSPA, BERRYSTAR  -  473 words
        • 513 12 / 13  -  The Yurt Mongolian Spa Amara Sanctuary Resort Sentosa Z6278-4881 theyurtspa.com By Melissa Lwee mellwee@sph.com.sg IT MAY be located next to a fish pond within a hotel resort and lack the sound of heavy winds beating sand onto your tent but there is still something
          PHOTOS OF YURT MONGOLIAN SPA: ARTHUR LEE  -  513 words
        • 468 12 / 13  -  Wen Luxe Spa 6 Bukit Pasoh Road Z6227 2722 www.wenspa.com By Cheah Ui-Hoon uihoon@sph.com.sg THINK of the clear crispness of the Himalayas and the earth’s forces in stones like pink quartz harnessed, distilled to its essence and absorbed into your face. That is
          ST FILE PHOTOS  -  468 words
    • WELLNESS
      • Article, Illustration
        824 14  -  New whitening skincare line elure is a breakthrough in treating stubborn pigmentation. By Corinne Kerk By Corinne Kerk btnews@sph.com.sg THERE’S a new whitening technology in town and it could well set the standard for the treatment of pigmentation from now on. This week, elure Advanced Skin Whitening Technology
        PHOTOS: YEN MENG JIIN  -  824 words
    • GADGETS
      • 937 15  -  Buying a top-of-the-line TV is about more than 3D. By Christopher Lim By Christopher Lim limchris@sph.com.sg WHEN 3D TVs were first announced in January and started to trickle into stores months later, it seemed like TV shopping this year would revolve around how a good a particular
        937 words
    • SPORT
      • 608 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor LAST week, an English team whose name contains the words “Manchester” and “United” scored an injurytime goal to win their match. The players, wearing red jerseys, celebrated wildly with their manager and fans. But this manager is
        REUTERS  -  608 words
      • 684 16  -  chequered flag with steve slater Steve Slater ~Steve Slater is an F1 race commentator on STAR Sports’ coverage of the F1. Catch the season finale, the Abu Dhabi Grand Prix, online this weekend at www.espnplayer.sg THE Yas Marina circuit last year added a
        684 words
    • GOLF
      • 882 17  -  Jeev Milkha Singh, who won the Barclays Singapore Open in 2008 but missed out on defending the title last year, is happy to be back. By Justine Moss By Justine Moss IT’S no surprise that the mere mentionofSentosa’s Serapongcourse is likely to bring a smile to
        GETTY IMAGES  -  882 words
      • 294 17  -  By Justine Moss btnews@sph.com.sg JEEV Milkha Singh isn’t the only player from the sub-continent teeing up at the Barclays Singapore Open this week. Arjun Atwal, who has recently found a run of form, is in the field as are 14 other Indian players and one from Bangladesh. Atwal,
        GETTY IMAGES  -  294 words
    • MOTORING
      • Article, Illustration
        521 18  -  The new Volvo S60 has a silhouette more curvaceous than Lara Croft. By Samuel Ee By Samuel Ee samuelee@sph.com.sg FOR a brand whose vehicle design used to be ruled by the right angle, Volvo has undergone a dramatic transformation over the last decade. This Swedish marque now
        521 words
      • 269 18 samuelee@sph.com.sg SAFETY has always been an attribute closely associated with the Volvo brand and the new S60 sedan debuts with two new safety features. City Safety is the familiar collision avoidance technology and it comes standard on both the S60 2.0T and T6. Now, there
        269 words
      • Article, Illustration
        360 19  -  A slew of trendy new hatchbacks has zipped into the market. Samuel Ee tries out three of them Together with a unique tail, a long roof, and muscular wheel arches, the Juke looks extremely cool. Samuel Ee samuelee@sph.com.sg SLOWLY but surely, the Nissan brand is getting funkier. This
        360 words
      • 335 19  -  By Samuel Ee ANYONE who has tracked the evolution of the Opel Astra would be amazed by how pretty it has slowly become. From a gawky, utilitarian family hatchback, it has finally morphed into its current curvaceously organic form over two decades and four generations.
        335 words
      • Article, Illustration
        270 19  -  By Samuel Ee POWERFUL yet parsimonious. Alfa Romeo’snewMiToMultiAirpromises both performance and fuel economy with its new 1.4-litre turbocharged engine. As Italy’s alternative to the Mini, the MiTo has eye-catching styling. Now, it also boasts unusual engine technology. MultiAir uses an electronic intake valve control system to control the
        270 words
      • 545 20  -  Four drivers are still in the running to win the drivers’ title at tomorrow’s race in Abu Dhabi. By Samuel Ee f1 watch By Samuel Ee samuelee@sph.com.sg EIGHTEEN races and eight months later, it all boils down to just one question Will he or won’t he?
        PHOTOS: REUTERS, AFP  -  545 words