The Business Times, 16 November 2010

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Microfilm: NL30955
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|5l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, November 16,2010
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  • Article
    Lock icon After blip, property is hot again
    912 1  -  Primary market shrugs off impact of cooling measures as Oct sales rise; industry watchers wonder if this will prompt new steps from govt By KALPANA RASHIWALA [SINGAPORE] After September’s slump came October’s rebound. This turnaround, reflected in the latest developer sales figures revealed yesterday,
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  • Article
    Lock icon MARKETS DIGEST
    145 1 H ST INDEX 3,236.80 (-15.20) H ST INDEX FUTURES 3,232 (-4) H SIMSCI 380.28 (-1.22) G SIMSCI FUTURES 381.00 (+0.70) FOREX US$ S$ US$ (S$ per US$) 1.307 (US$/S$ per 1.608 2.102 EURO (US$/S$/E) 1.366 1.786 Foreign currency per US$ S$ YEN 82.80 63.30 RM 3.140 2.402 HK$
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  • Article, Illustration
    Lock icon A demure, red skirt for Mr Virgin
    700 1  -  Branson pays the price for losing his bet to Fernandes By EMILYN YAP VEN SREENIVASAN [SINGAPORE] British corporate mogul Richard Branson is not known to skirt around challenges therefore, he will be donning a tight, red skirt from AirAsia for his next dare.
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      91 1 BLUESKY FESTIVAL When will we have our own Apple? PAGE 12 LEADERS’ PERSPECTIVE Ascendas chief executive Chong Siak Ching PAGE 17 SME Inc Botak Signs going green PAGE 11 SINGAPORE EXPERIENCE AWARDS The driving forces behind successful events PAGE i THE HOURGLASS Contemporary Horological Art SINGAPORE TAKASHIMAYA S.C. T: 65-6734
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      3 1 8 '*****1 *****4
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      520 2 After blip, property is hot again AFTER September’s slump came October’s rebound. This turnaround, reflected in the latest developer sales figures revealed yesterday, has prompted some industry observers to say that another round of demand-cooling measures may follow, as those announced on Aug 30 do not seem to
      520 words
    • Article
      Lock icon Carrefour sells Thai stores to French giant for US$1.2b
      626 2  -  Tesco, Dairy Farm, FairPrice still in the running for assets in S’pore, M’sia By GRACE LEONG [SINGAPORE] More than half of French grocery giant Carrefour’s stores in Thailand, Singapore and Malaysia were sold for a whopping 868 million euros (US$1.2 billion
      626 words
    • Article, Illustration
      Lock icon Morgan Stanley fund divests dormitory assets
      477 2  -  The four dormitories are being sold for about $380m By KALPANA RASHIWALA [SINGAPORE] A Morgan Stanley fund is said to have inked a deal to sell its portfolio of four Singapore dormitories for about $380 million. The transaction will result in a nice profit
      PHOTOS: ARTHUR LEE/THE BUSINESS TIMES AND STEPHANIE YEOW/THE STRAITS TIMES  -  477 words
    • Article, Illustration
      Lock icon Xi puts China growth in perspective
      754 4  -  He lists challenges his country faces and says it’s not a threat to anyone By LEE U-WEN [SINGAPORE] China’s economy is on track to become the second-largest in the world even though its development continues to be “unbalanced, uncoordinated and unsustainable”, said visiting Vice-President
      XINHUA  -  754 words
    • Article
      Lock icon Global business confidence is down, but S’pore is upbeat
      476 4  -  By MICHELLE QUAH [SINGAPORE] Uncertainty over economic recovery continues to plague investment and business confidence, according to a third-quarter global economic conditions survey by the Association of Chartered Certified Accountants (ACCA). But Singapore, notably, remained optimistic and was the only major
      476 words
    • Article
      Lock icon More reclaimed land for new industries on Jurong Island
      475 4  -  Move comes as Shell ramps up output at its HPEO plant By RONNIE LIM [SINGAPORE] More land is being reclaimed off Ayer Merbau on Jurong Island to accommodate new investors like soap and detergent makers at a new value-add petrochemicals corridor
      475 words
    • Article
      Lock icon S’pore women among dream talent
      529 4  -  There’s no shortage of talent in Asia, say Boyden execs By SIOW LI SEN [SINGAPORE] The superstars are Singaporean women working for Goldman Sachs in New York, said Boyden search firm executives on the dream talent that every major company wants to hire for Asia.
      529 words
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      95 2 A NEW ERA IN CONFERENCING IS HERE. PLEASE DISPOSE OF THE OLD ONE RESPONSIOLY. wgumm V- Introducing LifeSize® Passport™: the new era in High Definition video conferencing. The rules of business have changed. Global networks and green initiatives require more effciency than ever. That's why we created a conferencing system
      95 words
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      47 2 ganMappf: 5sr For Corporate Lease Premium Office Buildings Mohamed Sultan Road, Singapore 8,000 100,000 sqft 4 Office Blocks 2 Podiums F&B Terrace Column Free Design Regular Layout Covered Parking 9742 8998 *****1 18 Link (THM) Biz MS Pte Ltd a Member of Link (THM) Group of Companies
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  • Page 3 Advertisements
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      104 3 We were there when families used to turn up at the neighbourhood wayang instead of turning on their flatscreen tv. We were there when pictures were taken in a studio instead of a cellphone. We were there when we shared our happiest moments via a telegram or letter, instead of
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  • Page 4 Advertisements
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      110 4 FOR SALE PRIME KLCC MIXED RESIDENTIAL DEVELOPMENT LAND Jalan Kia Peng Land area 50,849 sq ft (1.167 ac) j£« r .--KLGC rx\ PARK K r 1 LORONG KUUA 3 r <UALA-L-UMPU ii;..!.-, ■A LIFE b, sue 'J !'t &rf T -f JALAN KIA rtNG ..TFI FNTRE/AiMFN 4 Sir ■iV. 3
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      86 4 Fantasy Waterbeds Pte Ltd Where Sleep Matters. Take apermanent break from your aches, /-p Designed for maximum comfort to soothe the most tired and aching muscles, you can finally experience complete holistic sleep and all the benefits that come with it. Visit our Fantasy Sleep Centre for your ultimate sleep
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      64 4 Looking for an Executive Coach to help you achieve your goals objectives? MindModel Lab www.davechong.com Tel: 6333 8777 DIOGCBfor Sale Third Ave: *****sf *****sf Leedon /Brizay: *****sf/*****sf D21 Bungalows for sale Binjai Pk: *****sf *****sf (New) Penthouse Sale: Marina Bay Res 3900sf mSEML HOT IPO Attract more interest from investors.
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      18 4 S’pore, China sign education, research and cultural agreements, Page 10 China-S’pore cooperation has borne rich fruit, Page 25
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  • COMPANY NEWS
    • Article
      Lock icon Analysts cool to Olam’s US$1.5b Gabon deals
      538 5  -  They maintain their ratings as the projects will take time to bear fruit By FELDA CHAY ANALYSTS appear to be adopting a wait-and-see attitude to Olam’s latest investments in Gabon, if immediate reports on the deal are anything to go by. Many say
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    • Article
      Lock icon Hyflux bags US$100m Libyan plant contract
      215 5 WATER treatment group Hyflux Ltd has been awarded a contract worth about US$100 million in Libya. The contract is to carry out engineering, procurement and construction (EPC) works for a seawater desalination plant at Tobruk in north-east-ern Libya. The project is the first in
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    • Article, Illustration
      Lock icon Call to stay committed to high standards
      844 8  -  Regulators must stay independent and well-informed CORPORATE GOVERNANCE By MICHELLE QUAH SINGAPORE’S high standards of corporate governance should not lead to complacency but, rather, should inspire the continued commitment of all stakeholders to keep them so, said several of the high-profile speakers at
      FILE PHOTO  -  844 words
    • Article, Illustration
      Lock icon Much room for improvement: SGX regulatory chief
      701 8  -  By LYNETTE KHOO THERE is much room for the practice of corporate governance to pick up, starting with greater interaction between the board and management, said Singapore Exchange chief regulatory officer Yeo Lian Sim. This ensures that the board has critical knowledge of
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    • Article
      Lock icon Mewah prices IPO at S$1.10 a share: sources
      240 8 Reuters [SINGAPORE] Palm oil refiner Mewah International has priced its US$214 million initial public offering (IPO) in Singapore below an indicative price range, sources said, as the deal was hurt by the recent sell-off in markets. The palm oil firm’s IPO follows
      Reuters  -  240 words
    • Article
      Lock icon Privatisation offer made for China Angel
      448 8  -  Major shareholders propose to delist group at exit offer price of $0.17 per share By LYNETTE KHOO MAJOR shareholders of China Angel have launched a privatisation offer to delist the group at an exit offer price of $0.17 per share. The Guangdong-based confectionery producer
      448 words
    • Article
      Lock icon Tiger setting up unit to boost ancillary revenue
      530 9  -  It aims to make its website a leading online travel portal across Asia-Pacific By VEN SREENIVASAN TIGER Airways is setting up a new business unit built around its website www. tigerairways. com to drive non-ticketing or ancillary revenue. Tiger Airways said the
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    • COMPANY BRIEFS
      • Article
        Lock icon Informatics exec director is acting CEO
        51 9 INFORMATICS Education Ltd has appointed Wong Wee Woon, its executive director, as acting chief executive officer (CEO) of the group with immediate effect. The appointment came after Patrick Ho Kwok Sum informed the board of his desire to relinquish his position as director and
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      • Article
        Lock icon SGX begins new OTC clearing service
        44 9 SINGAPORE Exchange yesterday said that it has begun its new clearing service for over-the-counter (OTC) traded financial derivatives, starting with interest rate swaps. SGX said that nine banks have signed up as clearing members for OTC-traded derivatives. Reuters
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      • Article
        Lock icon Dukang Distillers applies to list TDR
        45 9 DUKANG Distillers Holdings yesterday submitted its application to the Taiwan Stock Exchange to list Taiwan Depository Receipts. Its offer of 130 million shares comprises 65 million vendor shares and 65 million new shares to be issued by the company.
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      • Article
        Lock icon CMMT buys Gurney Plaza Extension
        51 9 CAPITAMALLS Malaysia Trust (CMMT) said last Friday that it is buying Gurney Plaza Extension in Penang, Malaysia, for RM215 million (S$89.2 million). The purchase will be funded by debt and equity. CMMT aims to raise up to RM167.1 million via a placement of new CMMT
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      • Article
        Lock icon KLW wins order for Waterfront Key
        41 9 DOOR maker KLW Holdings said that it has secured a $1.3 million order for Waterfront Key project, a condominium housing development at Bedok Reservoir Road. The contract is expected to be completed by September 2012.
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    • Article
      Lock icon PRIME LENDING RATES
      403 9 Nov 12 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
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    • Article
      Lock icon SIA’s passenger load factor dips
      387 9  -  Passenger numbers down 1.8% amid capacity increase; cargo load factor up By VEN SREENIVASAN SINGAPORE Airlines’ passenger load factor fell last month as capacity increases outpaced passenger numbers. In October 2010, SIA’s passenger load factor dipped 1.5 percentage points year on year to 79.6 per
      387 words
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      168 5 The art of being a reliable partner. Your private LGT banker offers you a full range of banking services and 21 st century investment solutions, delivering effective results: Efficient. Reliable. Fast. LGT Your Private Bank in Asia for 25 years. Singapore Phone +65 6415 3800, info@lgt.com Hong Kong Phone +852
      168 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Weak HK, Europe draw sellers out
      559 6  -  STI ends 15.2 points lower, while the broad market registers 124 rises versus 316 falls, excluding derivatives STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index lost 15.2 points to 3,236.8 yesterday, and the broad market registered only 124 rises versus 316 falls, excluding
      Source: Bloomberg  -  559 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 6
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      64 6 Nov 15 VALUE CLOSE BT OB/OS -52.00-171.00 BT CADI -*****.00-156.00 BT 10-day MA -*****.00 -5.00 FTSE ST Mid Cap 797.95 -5.47 FTSE ST Small Cap 582.92 -4.29 FTSE ST All Share 798.83 -4.15 FTSE ST China Top 299.18 -0.90 FTSE ST China 340.00 -0.52 FTSE ST Catalist
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 9 3 0 0 0 5 9 3 Manufacturing 38 74 77 5 8 13 43 82 90 Commerce 11 29 27 4 4 8 15 33 35 Tpt/Stor/Comms 7 29 8
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    • BROKERS’ TAKE
      • Article
        Lock icon First Resources Limited
        571 6 Nov 15 close: $1.36 PHILLIP SECURITIES RESEARCH, Nov 15 FIRST Resources Limited reported an overall improvement in performance primarily driven by higher crude palm oil (CPO) prices over the period. Revenue for the first nine months of 2010 has increased by 39.8 per cent y-o-y to US$212
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      • Article
        Lock icon Fraser and Neave Limited
        472 6  -  Nov 15 close: $6.51 DBS GROUP RESEARCH, Nov 15 Compiled by LYNN KAN CORE net profit (excluding exceptionals and fair value gains) was $582.6 million, up 25 per cent y-o-y from $466.5 million, in the financial year ended Sept 30, 2010 (FY2010). Revenue grew by 10.7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,104 15,104 69,625 69,625 Manufacturing 287,459 18,732 306,191 206,689 2,288 208,976 Commerce 139,838 18,728 158,566 133,097 2,917 136,013 Tpt/Stor/Comms 163,818 1,484 165,302 186,027 110 186,137 Finance 30,513 41 30,554 162,649 6 162,655 Construction 34,921 141,982
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 6 Stock name Close Change Stock name Close Change CapMallsAsia 2.120 +0.030 CapitaLand 3.800 -0.020 CapitaMall 1.960 -0.010 CityDev 13.040 ComfortDelGro 1.510 +0.050 DBS Grp 14.000 -0.040 F&N 6.510 -0.070 Genting SP 2.090 -0.040 Golden Agri 0.720 -0.010 HK Land 7.270 -0.020 JMH 46.820 -1.400 JSH 27.280
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    • Article, Illustration
      Lock icon Higher US Treasury yields lift US$
      537 6 CURRENCIES [LONDON] The US dollar index hit a six-week high yesterday, boosted by a rise in US Treasury yields that heightened the appeal of US assets, while the euro was stung as Ireland’s debt problems shook confidence in the eurozone. The 10-year Treasury yield
      BLOOMBERG  -  537 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 6 VOLUME Genting SP 266,166,000 TopGlobal 139,045,000 Golden Agri 64,252,000 BerlianLaju 54,710,000 Ban Joo 52,073,000 ChinaNTown 45,443,000 *Genting HK US$ 44,961,000 *TanChongInt 35,517,000 Z-Obee Hldgs 30,849,000 Noble Grp 28,318,000 VALUE($) Genting SP 567,478,862 Noble Grp 59,442,520 Keppel Corp 52,108,912 OCBC Bk 51,981,020 SingTel 47,140,910 Golden Agri 46,841,495 CapitaLand
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    • Article
      Lock icon RISES
      110 6 BY CENTS CLOSE UP DBXT MSEurope 10US$ 4477 40.5 0.7 Lyxor Nasdaq100 10US 856 34.0 3.1 OCBC Bk 5.1%NCPS 100 ***** 28.0 0.3 Keppel Corp 1070 18.0 1.7 Keppel Land 494 13.0 2.7 Jardine C&C 3830 12.0 0.3 ST Engg 344 8.0 2.4 DBXT S&P Short 10US$ 4770 7.8
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    • Article
      Lock icon FALLS
      119 6 BY CENTS CLOSE DOWN DBXT USDIGInfl 5US$ *****-487.4 -1.5 GLD 10US$ *****-231.3 -1.3 DBXT Nifty 10US$ *****-213.0 -1.2 JMH 4682-183.0 -2.9 DBXT iBoxxSing 5SG$ *****-166.0 -1.4 DBXT DBLCI-OY 5US$ 3702-113.7 -2.3 DBXT FTVietnam 10US$ 3412 -88.9 -2.0 JSH 2728 -81.0 -2.2 IS S&P500 ***** -75.8 -0.5 DBXT FTChina25 10US$
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      59 7 Wealth Management Asset Management Investment Funds Custody Investor Services The expertise is local The network is global The independence is non-negotiable a K Photograph by Brian Griffin Private bankers since 1805 Geneva Lausanne Zurich Basel London Luxembourg Frankfurt Paris Madrid Barcelona Turin Milan Rome Florence Dubai Singapore Hong Kong Tokyo
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      109 8 London Business School EMBA"GLobal Asia SCHOOL School World-ClaSS Executive MBA LONDON vv l A n y,.i M*A vJ Ytfj&U i\ 1 rJ yto.V„\ V A > A t,Y\ HONGKONG B V A y\ Ty\1 V A /k V\ A WA~ A I V V V V i flfB. 1 frw
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      120 9 Standard Cg Chartered rS 5 Sto 5 for im l «Jin.r.r sea fcS •i iS*-® "Sfc Can a bank really stand for something? Can it balance its ambition with its conscience? To do what it must. Not what it can. As not everything in life that counts can be counted.
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon S’pore, China sign education, research and cultural pacts
      550 10  -  Xi, SM Goh attend groundbreaking ceremony of new China Cultural Centre By LEE U-WEN SINGAPORE and China have inked three new highlevel deals that will see the two countries expand their cooperation in the areas of education, research and culture. The agreements
      CHUNG KUN SOON/LIANHE ZAOBAO  -  550 words
    • Article
      Lock icon NUS Business School gets $2.3m donation
      266 10 INDONESIAN palm oil producer Musim Mas has gifted $2.27 million to the National University of Singapore (NUS) Business School to start a professorship in sustainability. The amount will be matched by the Ministry of Education in grants and the school yesterday officially launched the
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    • Article
      Lock icon Retail sales inch up 0.3% in September
      483 10  -  Excluding motor vehicles, retail sales rose 5.3% y-o-y By TEH SHI NING RETAIL sales barely inched up in September, weighed down largely by a further decline in car sales. The 0.3 per cent rise in September’s retail sales from a year back came
      483 words
    • Article
      Lock icon Int’l banks are most sought-after employers: survey
      176 10 A SURVEY of local graduates has revealed that international banks dominate the list of most sought-after employers here, accounting for four of the top 10 spots. Barclays Capital was ranked first, Singapore Technologies Engineering second, and Citibank third. Making up the rest of
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    • Article, Illustration
      Lock icon NTUC expects companies to pay extra half month’s bonus
      246 10 THE National Trades Union Congress (NTUC) expects unionised companies to pay an additional half a month of bonus this year compared with last year, Channel NewsAsia reported yesterday. Including the 13th month bonus, there could be 2.7 months’ worth of bonus
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    • Article
      Lock icon Health care a priority for govt: MM Lee
      375 10  -  By NISHA RAMCHANDANI THE government will continue to invest in improving the health of Singaporeans, Minister Mentor Lee Kuan Yew said at the official opening of Khoo Teck Puat Hospital (KTPH) yesterday. “We have built this hospital in the north to meet
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    • Article
      Lock icon Entrepreneurship project targets youths
      404 10  -  ACE and Spring unveil guidelines for school programmes By CHAN SWEE KHUAN THE Action Community for Entrepreneurship (ACE) and Spring Singapore have come up with guidelines to encourage more structured entrepreneurship learning programmes in schools. ACE has been working with Spring to identify key entrepreneurial attributes,
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    • Article
      Lock icon Health Promotion Board CEO Lam Pin Woon to step down in January
      328 10 He will be replaced by the Singapore Police Force’s Ang Hak Seng THE Health Promotion Board’s (HPB) chief executive officer, Lam Pin Woon, is stepping down after five years at the helm to join the private sector. The
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  • SME spotlight
    • Article, Illustration
      Lock icon Botak’s a bald-faced crusader for latex
      864 11  -  Latex paints give off less emissions, which is why Sim Boon Keng is persuading his customers to go green, reports JOYCE HOOI JOYCE HOOI FOR someone who has drawn a cartoon of himself on his signage and business cards, the owner of Botak Signs
      YEN MENG JIIN  -  864 words
  • Page 11 Advertisements
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      121 11 Rubber imported from Indonesia. Parts assembled in Beijing. Goods delivered to Amsterdam. The simplest products can travel the most complex global routes before they reach their final destination. As one of the world's largest trade finance organisations, our global network connects suppliers and buyers wherever your business takes you. This
      121 words
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  • BLUESKY FESTIVAL 2010
    • Article, Illustration
      Lock icon When will we have our own Apple?
      1441 12 Apple Inc, the company behind popular gadgets such as iPhone and iPad, has always been held up as an icon for innovation. With Singapore placing increasing emphasis on entrepreneurship and innovation, will we have our own Apple soon? We seek out four entrepreneurs
      1,441 words
    • Article, Illustration
      Lock icon Understanding property developers
      689 12  -  Hong Leong Finance has many clients in capital intensive industries, reports EMILYN YAP EMILYN YAP ANYONE gathering case studies of the management principle “vertical integration” need look no further than Singapore’s property development industry. Several small to mid-size developers here started out as construction or engineering firms,
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    • Article
      Lock icon Embracing innovation, redefining your enterprise
      181 12 ORGANISED by the Action Community for Entrepreneurship (ACE) and supported by SPRING Singapore, the BlueSky Festival 2010 celebrates the entrepreneurial spirit in Singapore and provides a platform for entrepreneurs to exchange ideas and share experiences. A highlight of the Festival is the BlueSky Conference, with
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    • Article
      Lock icon ACE to deepen knowledge on entrepreneurship
      170 12 THE Action Community for Entrepreneurship (ACE) was launched on May 26, 2003. This private-public sector movement aims to develop Singapore into an entrepreneurial nation where innovation and enterprise can be translated into wealth creation and where a diversity of ideas thrives. Today, ACE is
      170 words
    • Article, Illustration
      Lock icon Striving towards a better and sustainable future
      901 13  -  The city of the future will serve as a backdrop to the political, social, economic and environmental issues faced by our planet, writes PATRICK MOLLE PATRICK MOLLE The author is president of EMLYON Business School in France and the founder and co-president of
      MALCOLM KOH/THE STRAITS TIMES  -  901 words
    • Article, Illustration
      Lock icon Making it easier to do business in Singapore
      1112 13 PEP’s character as a public-private partnership reflects shift by govt from its role as a regulator to a facilitator for businesses as well TO achieve sustained economic growth, Singapore needs to ensure it remains globally competitive and conducive to business. One way
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  • SME INC
    • Article, Illustration
      Lock icon ‘S’ is for standing out from the crowd
      331 14  -  By SHEERE NG TIRED of being mistaken for others, Alexs Chua decided to give his name a twist: “I am Alexs with an s.” It is a sure conversation starter though his name was not the only thing Mr Chua wanted to
      YEN MENG JIIN  -  331 words
    • Article
      Lock icon The power of family bonds
      802 14  -  A 3-man outfit in 1991, Seah’s Spices now has a distribution network of 20 countries, says LINETTE LIM LINETTE LIM TWOdecadesago, Seah Seow Khiang paddled packets of herbs and spices at wet markets and mini-marts. Today, he has established his business, Seah’s Spices, into a
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    • Article
      Lock icon Provide quality service that wows
      810 14 ASK THE PROF Q: In the oil retailing business in Singapore, competition is intense and the market is closely watched by the public as well as competitors. How and what can we do to make ourselves different from the others and yet not easy for
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    • Article
      Lock icon Small-cap portfolio ends lower by 2.7%
      458 14  -  By TEH HOOI LING THE small-cap index suffered its sharpest decline since July last week, falling by 2.5 per cent. Our small-cap portfolio also didn’t manage to escape the sell-off, ending lower by 2.7 per cent. In contrast, the Straits Times Index (STI) held
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  • Page 14 Advertisements
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      275 14 For the rest of the story, get the latest issue of The SME Magazine, produced by The Business Times. In it, you will find out how Mr Chua turned his life around as well as stories on Sia Huat, Julia Gabriel, Woodlands Transport Service, Star Controls, Biosensors International, Tai Hua
      275 words
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  • SINGAPORE EXPERIENCE AWARDS
    • Article, Illustration
      Lock icon Brand ambassadors for Singapore
      1040 15  -  Pico Art won Best Business Event Service Experience for its role in last year’s Apec meetings, reports NISHA RAMCHANDANI The driving forces behind successful events Singapore’s reputation as a leading business events destination is supported by innovative ideas, sound business practices and infrastructure, as demonstrated by
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    • Article, Illustration
      Lock icon Creative marketing makes visit a night to remember
      498 15  -  Reports by NISHA RAMCHANDANI AS competition for the tourist dollar heats up in Singapore, it is increasingly important to leverage on platforms such as creative marketing. “The race to be ahead and the need to stay relevant with consumers call for more
      498 words
    • Article, Illustration
      Lock icon Reinforcing a service culture at The Fairmont
      467 15 AS Singapore’s hotel industry grows more competitive, finding and keeping talent remains a key priority. “For far too long, people have felt that anyone can do a service job. This is not true,” said Angeline Kim-Kyna Tan, director of marketing communications for Fairmont
      467 words
  • Page 15 Advertisements
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      122 15 This is the last of a 4-part series brought to you by the Singapore Tourism Board As the most prestigious awards platform in Singapore’s tourism industry, Singapore Experience Award recipients individuals and organisations from sectors encompassing hospitality, retail, dining, entertainment, attractions, business travel and MICE, education and healthcare are judged
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Japan’s 0.9% Q3 growth tops expectations
      633 16  -  Analysts point to temporary rise in consumption, say Q4 growth will be tepid By ANTHONY ROWLEY JAPAN’s economy enjoyed an unexpected, but almost certainly temporary, growth spurt during the third quarter of this year, buoyed by a consumer rush to buy cars and other
      BLOOMBERG  -  633 words
    • Article
      Lock icon Investors rein in bets on yuan
      381 16 China deflects US criticism of its currency policy Bloomberg [HONG KONG] Investors are paring bets on yuan gains after China deflected US criticism of its currency policy at a Group of 20 summit, saying that money printing by the Federal Reserve may destabilise the
      Bloomberg  -  381 words
    • Article
      Lock icon Ireland resists EU push for a debt bailout
      586 16 It’ll unveil austerity budget that satisfies investors in Dec NYT Bloomberg [BRUSSELS] Ireland is in talks with European officials about current “market conditions” as Germany pushes it to accept a bailout and help reverse a bond sell-off among the euro-re-gion’s deficit-laden nations.
      NYT; Bloomberg  -  586 words
    • Article
      Lock icon Japan to be test case for Pacific-wide free trade zone
      439 16 AP [YOKOHAMA] Although Asia-Pacific leaders have committed themselves to achieving a Pacific-wide free trade zone following an annual summit, host Japan may prove a key test case for how realistic that vision is. Acknowledging that Japan’s economic power is declining,
      AP  -  439 words
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      1503 16 MATS BUY IT SELL IT FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LEONG HIN ENTERPRISE PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Company No: *****0782C) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of
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  • LEADERS' PERSPECTIVE
    • Article, Illustration
      Lock icon Getting personal
      1092 17  -  Ascendas CEO Chong Siak Ching describes her management style as personal, reports UMA SHANKARI UMA SHANKARI ASCENDAS chief executive Chong Siak Ching was faced with challenges right from the group’s inception, when it was created from the merger of Arcasia Land and JTC International’s Business Parks Facilities Group
      ARTHUR LEE  -  1,092 words
  • Page 17 Advertisements
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      197 17 Performance Motors Limited m Sheer Driving Pleasure pml-bmw.com.sg ft I a IS m V --7" r "><*. THE SIXTH PRINCIPLE EXERCISE YOUR PRIVILEGES. When there is leadership, success is sure to come. Neither will you have to look for privileges because they will find you. The BMW 7 Series understands
      197 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Time dotCom to buy 3 firms for RM339m
      472 18  -  It will gain access to Japan-US TransPacific submarine cable route By PAULINE PAULINE NG MALAYSIA’S Time dotCom (TdC) plans to acquire a number of companies, including one which has a stake in a 9,620 km submarine cable, in a move that is
      472 words
    • Article, Illustration
      Lock icon Ringgit slides on slowing growth
      379 18 Bloomberg [KUALA LUMPUR] Malaysia’s ringgit fell by the most in five months after the central bank kept its benchmark interest rate unchanged and warned of the risk of excessive capital inflows. The currency slipped for a fourth day to the weakest level since Sept 1
      Bloomberg; FILE PHOTO  -  379 words
    • Article
      Lock icon Indonesia studies tax on capital inflows
      368 18 Reuters [JAKARTA] Indonesia is studying the possibility of taxing capital inflows, and also having funds to buy back government bonds in case of a reversal in hot money coming into the country, a government official said yesterday. A tax on capital inflows could deter
      Reuters  -  368 words
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      261 18 S U N WAY I vivaldi MONT' KIARA DISCOVER A 6-STAR LIVING IN MONT 1 KIARA, THE HEART OF A VIBRANT INTERNATIONAL COMMUNITY IN KUALA LUMPUR rgf SUNWAY 2010 AWARDS 2003 2010 MALAYSIA'S MOST VALUABLE BRANDS 2007 2009 www.sunwayvivaldi .com Learn the latest Malaysian property market outlook and discover real
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India’s inflation slows to 9-month low in Oct
      563 19 Central bank will pause rate increases for an extended period, say analysts Bloomberg Reuters [NEW DELHI] India’s inflation slowed in October to the lowest level in nine months, reducing pressure on the central bank to extend Asia’s fastest round of interest-rate increases
      Bloomberg; Reuters; REUTERS  -  563 words
    • Article, Illustration
      Lock icon India to enjoy decades of high growth: minister
      491 19 Bloomberg [NEW DELHI] India’s Finance Minister Pranab Mukherjee held out the prospect of decades of “high growth” as he sought to woo investors to Asia’s third-largest economy. “In the short term, it is reasonable to expect that the economy will go back
      Bloomberg  -  491 words
    • Article
      Lock icon SAIC agrees to buy 1% of GM
      250 19 AFP [SHANGHAI] China’s leading carmaker SAIC Motor Corp has agreed in principle to buy a minority stake in General Motors at the US car giant’s initial public offering (IPO), state media reported yesterday. SAIC, which has two vehicle production joint ventures with GM
      AFP  -  250 words
    • Article
      Lock icon Vodafone asked to set aside 25b rupees in tax case
      352 19 Telco challenges the 112b rupee tax bill for Hutchison deal Bloomberg [MUMBAI] Vodafone Group plc, the world’s biggest mobile-phone company by sales, was ordered by India’s Supreme Court to pay a deposit while it challenges a tax bill for the
      Bloomberg  -  352 words
    • Article
      Lock icon Net firms eye rural youth as next growth frontier
      428 19 Reuters [SHANGHAI] Chinese Internet giants such as Tencent and Baidu are looking to cyber-savvy but cash-poor rural youth in China’s smaller cities as the next frontier to keep up their explosive growth. Compared with Japan and South Korea, two of Asia’s
      Reuters  -  428 words
  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      291 19 Got 0.8% p.a. with the CIMB StarSaver. Not only do you get the best rate in town, this combined savings and checking account also has no monthly service and fall-below fee. As if all that wasn't surprising enough, with every $10,000 you deposit into your CIMB StarSaver account, you get
      291 words
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  • INDIA
    • Article, Illustration
      Lock icon Telecoms minister quits over licence row
      443 20 He was accused by the Opposition of selling 2G licences below market rates AFP [NEW DELHI] India’s telecommunications minister resigned on Sunday over corruption allegations stemming from a federal probe into the sale of bandwidth for cellphone services to mobile operators. Following days of
      AFP  -  443 words
    • Article
      Lock icon Reliance Comm still looking to sell stake in tower business
      358 20 It says it’s making enough to cover operational costs Reuters [MUMBAI] India’s Reliance Communications said yesterday that it continues to evaluate proposals for a stake sale in its tower business, but is generating enough funds to take care of its
      Reuters  -  358 words
  • Page 20 Advertisements
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      3952 20 CHINA ANGEL FOOD LIMITED (Company Registration No. *****4814W) (Incorporated in the Republic of Singapore) AND FINE ALLY GROUP LIMITED JOINT ANNOUNCEMENT PROPOSED VOLUNTARY DELISTING OF CHINA ANGEL FOOD LIMITED INTRODUCTION China Angel Food Limited (“China Angel” or the “Company” and together with its subsidiaries, the “Group”) and Fine Ally Group
      3,952 words
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      Lock icon Page 20 Advertisements Column 2
      21 20 www.omy.sg V, A f \J> i -mUfjt if ;i ~.V K i I cr lifestyle.omy.sg ••V. i f HM ilfi blog.omy.sg
      21 words
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  • WORLD
    • Article
      Lock icon Strong Aussie $ keeps inflation at bay
      508 21 Strong Aussie keeps inflation at bay Unit’s prospects draw bond players despite signals of more rate hikes Bloomberg [SINGAPORE] At a time when nations from Japan to Brazil are struggling to keep currency gains from damaging their economies, Reserve Bank of Australia governor Glenn Stevens is welcoming a stronger exchange
      Bloomberg  -  508 words
    • Article
      Lock icon Japan may toughen rules for insider trading, short sales
      352 21 Bloomberg [TOKYO] Japan may take a tougher stance on trading before and during share sales, responding to criticism from investors who allege information leaks on financing plans are eroding confidence in the stock market. The Financial Services Agency is studying whether
      Bloomberg  -  352 words
    • Article, Illustration
      Lock icon South Korea savours bigger global role after G-20
      478 21 Reuters [SEOUL] South Korea should seize its chance to become a leader in the diplomatic arena by capitalising on its successful staging of the G-20 summit, President Lee Myung-bak said yesterday. South Korea became the first Asian and non-G-8 host of the
      Reuters  -  478 words
    • Article, Illustration
      Lock icon Oct US retail sales post biggest gain in 7 months
      592 22 But a manufacturing gauge in NY state dives to lowest level since April 2009 Reuters [WASHINGTON] Sales at US retailers rose more than expected in October to post their largest gain in seven months, further evidence that the economy was
      Reuters; AFP  -  592 words
    • Article
      Lock icon Making investors pay for crisis is fine, says Merkel
      526 22 Bloomberg [KARLSRUHE, Germany] German Chancellor Angela Merkel defended her call to make investors pay for future debt crises, saying there are limits to the freedom of financial markets. Changes to European Union treaties to prevent a repeat of the euro crisis,
      Bloomberg  -  526 words
    • Article
      Lock icon Credit-wise, firms safer than govts in Europe
      595 22 Bloomberg [LONDON] Europe’s sovereign debt crisis has turned the region’s credit markets upside down, with companies now the safest ever relative to governments. “In the old order, sovereigns were tighter than corporates,” said Greg Venizelos, a credit strategist at BNP Paribas SA, the
      Bloomberg  -  595 words
    • Article, Illustration
      Lock icon AXA, AMP offer A$13.3b for AXA Asia Pac
      523 22 Bloomberg [PARIS] AXA SA, France’s biggest insurer, and Australian asset manager AMP Ltd bid at least A$13.3 billion (S$17.1 billion) for AXA Asia Pacific Holdings Ltd in Australia’s largest financial-services takeover in two years. The cash-and-stock offer values the wealth manager at
      Bloomberg; REUTERS  -  523 words
    • Article
      Lock icon Obama won’t agree to permanent tax cuts
      527 22 But he may compromise by agreeing to extending tax breaks for wealthy Reuters [WASHINGTON] US President Barack Obama will not go along with a permanent extension of tax cuts for the wealthiest, presidential adviser David Axelrod said on Sunday, without closing the door
      Reuters  -  527 words
    • Article
      Lock icon Investors fight EU debt default mechanism
      552 23 Dumping of Irish, Portuguese bonds heightens bailout speculation AP [BRUSSELS] Last month, European leaders backed the creation of a mechanism to allow governments to default when their debts become too big to pay. They are now realising that private creditors are unlikely to accept
      AP  -  552 words
    • Article
      Lock icon Greece hits out at German stance on debt
      383 23 Forcing haircut on banks, markets risks bankrupting nations Reuters [PARIS] Germany’s insistence that banks and bond markets must in future share the pain of any eurozone sovereign debt default could force some economies toward bankruptcy, Greek Prime Minister George Papandreou said yesterday.
      Reuters  -  383 words
    • Article, Illustration
      Lock icon Mitsubishi UFJ posts 357b yen H1 profit
      412 23 Bloomberg [TOKYO] Mitsubishi UFJ Financial Group Inc, Japan’s biggest bank, said first-half profit rose and announced plans to buy project-finance assets from Royal Bank of Scotland plc (RBS) worth about £3.8 billion (S$7.95 billion). Net income for the six months ended Sept 30
      Bloomberg; REUTERS  -  412 words
    • Article, Illustration
      Lock icon A perfect cliff-hanger
      721 23  -  There was plenty of drama and tension as Vettel emerged the winner, exposing rivals’ poor strategy F1 COMMENTARY By STEVE SLATER The writer is an F1 race commentator on STAR Sports’ coverage of the Formula One. Catch repeats of the season finale online at www.espnplayer.sg DESPITE a
      AP  -  721 words
  • Page 21 Advertisements
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      135 21 CFA SINGAPORE CONGRATULATES OUR NEWEST CHARTERHOLDERS These exceptional individuals have successfully completed all three levels of the CFA Program and worked as investment professionals for a minimum of four years. As CFA charterholders, they have prepared to lead the financial industry in pursuit of excellence, having demonstrated comprehensive knowledge of
      135 words
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  • Page 23 Advertisements
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      981 23 BUY IT SELL IT FIND IT MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES YOMA YOMA STRATEGIC HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****0185E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at Connection
      981 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Summits can help, despite weak outcomes
      559 24 EDITORIAL GREAT expectations usually accompany meetings of G-20 and Apec leaders, such as those that have just taken place in Seoul and Yokohama respectively. Such expectations are almost always unrealistic and thus, with a few notable exceptions, are often disappointing in terms of their
      559 words
    • Article, Illustration
      Lock icon Soaring gold prices betray impotence of G-20 grouping
      780 24  -  THE BOTTOM LINE WILLIAM PESEK JR Bloomberg IF Group of 20 officials want evidence that they achieved little in Seoul, it’s the price of gold. Gold mocked hopes for a solution to global imbalances in recent months, on its way to new
      Bloomberg  -  780 words
    • Article, Illustration
      Lock icon Tackling the crisis in India’s farming sector
      1187 24  -  If the country is to have a healthy economy, agriculture must grow at over 4% annually YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT FARMING in India is in crisis. It shows up in several ways, the starkest
      AP  -  1,187 words
    • Article, Illustration
      Lock icon China-S’pore cooperation has borne rich fruit
      1899 25  -  Both should step up strategic consultation, expand cooperation, and further strengthen and grow friendship A prosperous and stable China does not pose a threat to any country; it only means more development opportunities for other countries. China will continue to undertake due responsibilities for
      XINHUA  -  1,899 words
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  • AVIATION
    • Article
      Lock icon Qantas 747 forced to return to airport
      428 26 Yesterday’s incident, due to an electrical fault, adds pressure on the airline Reuters [SYDNEY] A Qantas flight bound for Buenos Aires returned here yesterday due to technical problems, the second safety incident for the airline since one of its Airbus A380 superjumbos made
      Reuters  -  428 words
    • Article, Illustration
      Lock icon AVIC expects ‘hundreds’ of C919 orders
      430 26 Bloomberg [SHANGHAI] Aviation Industry Corp of China (AVIC) expects “hundreds” of orders for the nation’s first single-aisle passenger jet at this week’s Zhuhai air show, bolstering efforts to compete with Airbus SAS and Boeing Co. Customers for the C919 will likely include domestic airlines
      Bloomberg; BLOOMBERG  -  430 words
    • Article
      Lock icon Two SIA A380s back in the air after engine changes
      201 26 AFP [SINGAPORE] Singapore Airlines (SIA) has resumed flying two of three grounded Airbus A380s after replacing Rolls-Royce engines found to have oil stains, a spokesman for the carrier said yesterday. “Over the weekend, two were put back into service,” the
      AFP  -  201 words
    • Article
      Lock icon China to open low-altitude airspace for private planes
      282 26 The open airspace reform will be trialed by 2011 Xinhua [BEIJING] China will open part of its low-altitude airspace for aviation in an orderly manner to promote the country’s general aviation sector, including for private planes, a report in yesterday’s People’s Liberation
      Xinhua  -  282 words
    • Article
      Lock icon Binladin Group wins 27b riyal Jeddah airport deal
      193 26 AFP [RIYADH] The Saudi Binladin Group has won a 27.1-billion-riyal (S$9.3 billion) deal to build a new terminal and infrastructure at Jeddah international airport, the Saudi airports authority announced on Sunday. The project, to be completed over 36 months, will expand the
      AFP  -  193 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3159 26 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 KU6458 1425 SQ458 1425 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 MU8213 1830 QF81 1830 Ahmedabad NH6292 1850 SQ530 1850 Amsterdam LO4031 0605
      3,159 words
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      3329 27 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
      3,329 words
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  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      337 26 CRYPTIC CROSSWORD Across 1 Leaves suddenly to study intensively in case of sickness (6) 4 Cleaner youth gets accepted by showing caution (8) 10 Be right and circle around city (9) 11 Unusually, responds without instruments (5) 12 Bread man gets a tip docked (7) 13 Country that’s in a
      337 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      27 27 Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 —~THE BUSINESS TIMES SHIPPING TIMES
      27 words
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  • Article, Illustration
    Lock icon Tourism revival in Cuba on the horizon
    413 28 Reuters [HAVANA] A Spanish cruise ship docked in Havana Bay on Friday in what the Cuban government hopes is a sign of better days for its beleaguered cruise industry. The Gemini, run by Spanish start-up Happy Cruises, pulled into its new home port
    Reuters; AFP  -  413 words
  • Article
    Lock icon TRANSPORT STOCKS
    278 28 SGX '000 Nov 15 S$ +/-Vol CH Offshore 0.51 -0.02 701 Chuan Hup Hldg 0.23 unch 127 Cosco Corp 2.09 unch ***** CWT Ltd 0.95 -0.01 732 Ezra Hldgs 1.73 -0.02 4170 First Ship Lea 0.44 unch 596 Freight Links 0.09 -0.01 4210 Grand Banks 0.45 -0.05 20
    278 words
  • Article
    Lock icon More ships to be LNG-powered
    509 28 Bloomberg [LONDON] The number of ships powered by liquefied natural gas (LNG) may jump tenfold within five years as anti-pollution rules force owners to switch to the cleanerburning fuel, the industry’s biggest engine maker said. “LNG is the future for shipping,” Jaakko Eskola, head of
    Bloomberg  -  509 words
  • Article
    Lock icon STX OSV to double Brazil output capacity
    491 28 Plans for a new yard driven by local demand for content requirements Bloomberg [SINGAPORE] STX OSV Holdings, the biggest maker of oil-rig support vessels, plans to double capacity in Brazil as Petroleo Brasileiro SA works through the world’s largest oil exploration investment plan.
    Bloomberg  -  491 words
  • Article
    Lock icon S’pore bunker sales up 0.1% in Oct
    248 28 Vessel arrivals rise 5% as global recovery spurs pick-up in trade Reuters [SINGAPORE] Marine fuel sales in Singapore, the world’s largest bunker port by volume, edged up 0.1 per cent to 3.56 million tonnes in October on the back of higher vessel arrivals
    Reuters  -  248 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9119 29 Transaction date: Nov 15 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 19 +0.5 743 19 18 18.5 19 1.7 9.5 6.1 91 12 5 5834
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    • Article
      Lock icon SGX CATALIST
      1889 30 52-wks Tel Last Vol Day Last Quote Div Gr Yld 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 164 157 160 97.3 4 0.5
      1,889 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9448 30 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.31/ APS Alpha Fund (USD)!** 1.01/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
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    • Article
      Lock icon SGX ETF
      880 30 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 115 -3 9 115 113.6 113.8 115 525 1056 761 CIMBAsean40 100US$ US1037 1017 1022 41.5 335
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    • Article
      Lock icon GLOBALQUOTE
      73 30 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 6000 AVJennings A53 53 57 3.6 6.6 4.2 138 55 16 6017 Genting HK US$ US47 -1.5 ***** 49 46.5 46.5 47 3094.7
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 31 In local curr In S$ In US$ dy yr dy yr dy yr Nov 12 Index Change Change Change Change Change Change World Index Preliminary 868.3 -0.7 4.3 -0.3 -2.2 -0.8 6.0 EAFE Preliminary 786.4 -0.5 0.2 -0.1 -4.8 -0.6 3.2 Europe Preliminary 1156.7 -0.3
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    • Article
      Lock icon INTERBANK RATES
      180 31 Nov 15 $S Offer Bid 0vernight 0.02 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.33 0.23 1 month 0.37 0.27 2 months 0.42 0.32 3 months 0.45 0.35 6 months 0.55 0.45 9 months 0.75 0.55 12
      180 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 31 Nov 15 S$ Bid Offer 1-month 1.3068 1.3078 2-months 1.3067 1.3077 3-months 1.3067 1.3078 6-months 1.3067 1.3078 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 31 Nov 15 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.323 1.249 Can dollar 1.308 1.258 Euro 1.811 1.742 Sterling pound 2.133 2.051 NZ dollar 1.034 0.985 US dollar 1.317 1.267 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 31 Nov 15 Open High Sett STI Nov 3232 SIMSCI Nov 380.7 382.4 381.0 Taiwan Nov 293.8 295.4 293.5 Source: MF Global (S) Pte. Ltd
      27 words
    • Article
      Lock icon PALM OIL
      76 31 Nov 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 10 3300 3339 3339 3300 223 694 Dec 10 3281 3375 3383 3281 887 3693 Jan 11 3311 3370 3382 3278 ***** ***** Feb 11 3309 3375
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      418 31 Nov 15 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6675 0 9661 Mar11 99.5500 0 2213 Jun11 99.4200 0 2604 Sep11 99.2900 0 2056 EUROYEN TIBOR FUTURES Dec10 99.6600 99.6600 99.6600 99.6600 1000 4248 Mar11 99.6600 0 1475 Jun11 99.6600 0 1587 Sep11 99.6525 0
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    • Article
      Lock icon SICOM FUTURES
      147 31 Nov 15 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 10 434.8 425.0 434.8 30 Jan 11 430.0 Feb 11 430.0 430.0 430.0 20 Mar 11 430.0 Apr 11 422.1 418.0 431.0 20 May 11 422.1 422.1 431.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 31 Nov 15 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 17.02.2011 0.30 1-Year BY*****N 01.11.2011 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.63 103.80 103.65 5-Year N*****0S 2.875 01.07.2015 107.32 108.75 107.15
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    • Article
      Lock icon CHICAGO BOT
      105 31 Nov 12 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 10 1263.00 1330.25 1337.75 1259.00 Jan 11 1269.00 1339.00 1348.50 1269.00 Mar 11 1277.00 1347.00 1354.50 1277.00 May 11 1276.50 1346.50 1355.00 1276.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 10 52.53 55.03 55.13
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 31 CRUDE OIL PRODUCTS Nov 12 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 87.07 -2.01 WTI (Near Mth) 84.89 -2.88 Dubai (1-Mth F) 84.83 -1.53 Tapis blend 91.25 -1.95 Minas 86.85 -1.95 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 87.39 -1.78 Jet Kerosene 101.28 -0.97 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2350 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2.5 unch 111 1 3 -8 2.40 1 6221 Asia-Pacific Strategic W*****6 38 1 150 15 4.32 42 6227 ASJ Hldgs W*****1 3.5 1 4
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 31 Nov 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.995 6.532 0.720 7.619 44.376 88.104 0.814 11.123 3.086 1.277 84.055 42.961 1.285 6.877 0.967 29.753 29.443 0.611 0.983 Canada 1.005 6.563
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    • Article
      Lock icon SIBOR
      85 31 Nov 15 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 31 Nov 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2839 1.2856 0.9825 0.9830 Canadian dollar 1.2900 1.2917 0.9872 0.9877 Euro 1.7844 1.7866 1.3655 1.3661 NZ dollar 1.0053 1.0065 0.7693 0.7696 Sterling pound 2.1008 2.1029 1.6076 1.6080
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    • Article
      Lock icon PRECIOUS METALS
      137 31 Nov 15 GOLD (US$/oz) Nov 15 Nov 12 Hong Kong 1367.30 1386.00 Nov 12 Nov 11 London 1378.30 1400.70 1379.20 1401.60 Source: Thomson Reuters CAST BAR Nov 15 (S$) Selling Buying Kilobar 61,671.59 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 138 58 5gm 392 288 10gm 701
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    • Article
      Lock icon LONDON METALS
      71 31 Nov 12 Nov 12 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2378.75 2431.50 3 months 2404.00 2457.00 Copper, Grade A (US$/tonne) Cash 8628.00 8835.25 3 months 8615.00 8830.00 Lead (US$/tonne) Cash 2496.25 2585.75 3 months 2520.00 2610.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 2400.00 Tin (US$/tonne)
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    • Article
      Lock icon LIFFE
      82 31 Nov 12 COCOA (£/tonne) Close Prev High/Low Dec 10 1800 1846 1838/1798 Mar 11 1827 1871 1861/1822 May 11 1845 1890 1880/1841 Jul 11 1864 1909 1899/1860 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1885 1920 1900/1888 Jan 11 1875 1931 1910/1870 Mar 11 1880 1938 1920/1878 May 11
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  • PROPERTY
    • Article, Illustration
      Lock icon HDB launches Lakeside site for 580 DBSS flats
      404 32  -  2.1 hectare plot expected to draw bids of $195-215 per sq ft per plot ratio By EMILYN YAP THE Housing and Development Board (HDB) is launching a public housing site at Lakeside for sale, which can potentially yield 580 flats. The 2.1
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    • Article
      Lock icon Tasweek scopes out opportunities in region
      297 32 Bernama [DUBAI] Abu Dhabi-based Tasweek Real Estate Development and Marketing recently explored the property and financial markets of Malaysia and Singapore to assess business opportunities and local market trends. According to the adviser and solutions provider serving the Middle East real estate markets, the
      Bernama  -  297 words
    • Article
      Lock icon Sunshine 100 plans US$1b HK IPO in H1 2011
      364 32 Reuters [BEIJING/HONG KONG] Chinese property developer Sunshine 100 aims to launch an initial public offering (IPO) in Hong Kong in the first half of next year, after a delay from this year over policy uncertainties. In June, the Beijingbased developer said
      Reuters  -  364 words
    • Article, Illustration
      Lock icon China steps up ownership curbs for foreign homebuyers
      519 33 The requirement for home ownership statements is a first for the nation Bloomberg [SHANGHAI] China ordered first-time foreign homebuyers to show proof they don’t own other properties in the country as it steps up measures to curb gains in the real estate
      Bloomberg; REUTERS  -  519 words
    • Article
      Lock icon HK used home deals fall for fourth week
      137 33 Bloomberg [HONG KONG] Used home sales in some of Hong Kong’s biggest private housing estates fell for a fourth week over the weekend as Cheung Kong (Holdings) Ltd started sales at a new project, diverting buyers away from the secondary market. The
      Bloomberg  -  137 words
    • Article
      Lock icon Serene House and Serene Centre up for sale
      302 33 SERENE House and Serene Centre, both off Bukit Timah Road, have been put up for sale through property firm Colliers International. Colliers said yesterday that Serene House, a freehold residential site, will be offered via tender with an indicative price of $95
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    • Article
      Lock icon China’s Big 4 banks halt developer loans
      439 33 Bloomberg [SHANGHAI] China’s four biggest banks will not issue any new loans to property developers for the rest of the year, the state-run China Real Esta te Business reported, citing unidentified executives at the banks. Industrial Commercial Bank of China Ltd (ICBC), China
      Bloomberg  -  439 words
  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      301 32 Waldorf Mansions at Moulmein/Balestier 11,384 sf land; Freehold; GPR 2.8 Subject Site Near Novena MRT, Velocity, United Sq Rectangular plot, quiet cul de sac 1 km to St. Joseph’s Inst Jr, Hong Wen Ideal for 50 units of 1-2 bedroom apts Tender Closing on 24 Nov 2010 (Wed), 2.30 pm
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      Lock icon Page 32 Advertisements Column 2
      59 32 FOR SALE/K Detached 9-Storey Light Industrial building 3 passenger lifts and 2 cargo lifts 5000kg Bedok-Chai Chee, good access to PIE Land: 103,000sqft, GFA: 168,289sqft 48,000Amp Electrical provision, 4 feeders Renovated with comprehensive building services maintained in excellent condition Fully fitted offices air conditioned building Loading bays, ample car and
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  • Page 33 Advertisements
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      Lock icon Page 33 Advertisements Column 1
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      70 words
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      Lock icon Page 33 Advertisements Column 2
      281 33 Colliers INTERNATIONAL FOR SALE ADELAIDE RIVER N.T. Northern Territory Cattle Station Ban Ban Springs Adelaide River, NT, Australia Ban Ban Springs Station was the Northern Territory's first registered cattle station in the 1880s and is one of the Territory's most appealing and accessible medium sized cattle stations 1,873 square kilometres
      281 words
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      Lock icon Page 33 Advertisements Column 3
      350 33 HIGH YIELDING NZ PROPERTY INVESTMENT 32% net return p.a. (IRR) projected Plus further capital gains A GLOBAL FINANCIAL CRISIS OCCASIONALLY DELIVERS ONCE IN A LIFETIME OPPORTUNITIES Major Strategic Partner Opportunity An opportunity exists for qualified investors to purchase the 50% shareholding of a sleeping partner (in active divestment mode) in
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