The Business Times, 17 November 2010

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Total Pages: 40
1 16 The Business Times
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  • Title Section
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    12 1 THE BUSINESS TIMES www.businesstimes.com.sg WEDNESDAY, NOVEMBER 17, 2010 S$1.00 MICA (P) 138/08/2010
    12 words
  • Article
    Lock icon If OpenNet knocks, condos must open doors
    489 1  -  IDA says that they cannot reject installation of nationwide broadband network By Victoria Ho vhoip@sph.com.sg Singapore PRIVATE condominiums have been told in no uncertain terms that they cannot refuse to have their premises wired up for the new, high-speed fibre broadband network. Those
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      223 1 V economy watch Rise in Oct exports biggest in 5 yrs GROWTH in Singapore’s key non-oil domestic exports bounced back strongly last month to hit a new high, beating all expectations with a jump of 34.5 per cent year on year. 4 bull market Bubble flurry from QE2 to lift
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      29 1 TRANSPORT HUB The top car model in Singapore 30 SIA Senior executive resigns 5 EXECUTIVE MONEY A note of caution about 2011 32 BT HOLIDAY SPECIAL Unforgettable destinations L1-16
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  • TOP STORIES
    • Article
      Lock icon GuocoLand aims for the sky with 78-storey homes
      810 2  -  It submits highest of 6 bids for site above Tanjong Pagar MRT Station, plans $3 billion mixed-development project By Kalpana Rashiwala kalpana@sph.com.sg Singapore MALAYSIAN tycoon Quek Leng Chan’s GuocoLand is planning to build Singapore’s tallest residences, up to 78 storeys high, within
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    • Article
      Lock icon MARKETS
      138 2 H STI 3,212.10 (-24.70) H STI FUTURES 3,208 (-24) H SIMSCI 377.34 (-2.94) H SIMSCI FUTURES 377.20 (-3.80) STOCKS Tuesday Change KL COMP 1,503.54 +1.98 NIKKEI 225 9,797.10 -30.41 HANG SENG 23,693.02 -334.16 SET 1,000.73 -28.41 JAKARTA 3,674.02 +17.56 MANILA Closed KOSPI 1,899.13 -14.68 SHENZHEN B 823.39 -20.13 MUMBAI
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    • Article, Illustration
      Lock icon 34.5% jump in Oct exports highest in 5 years
      608 4  -  Robust numbers beat market expectations of 26.6%; likelihood of a Q4 technical recession now lower, says Citigroup By Chuang Peck Ming peckming@sph.com.sg Singapore SINGAPORE’S key non-oil domestic exports (NODX) bounced back strongly last month to hit a new high. The NODX
      Source: IE Singapore  -  608 words
    • Article, Illustration
      Lock icon Researchers fired up by algae that converts CO2 into fuel
      724 4  -  By S Jayasankaran btworld@sph.com.sg Kuala Lumpur SCIENTISTS in Australia have made a breakthrough discovery that could potentially jumpstart the greening of the globe. Over a year ago, researchers in Adelaide’s Flinders University led by Andy Ball, an environmental biotechnologist, identified
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    • Article, Illustration
      Lock icon Former CEO candidate Bey Soo Khiang leaving SIA
      485 5  -  Move comes less than 2 months after Goh Choon Phong made CEO By Ven Sreenivasan ven@sph.com.sg Singapore A MAN who was once seen as a leading candidate to take over as chief executive of Singapore Airlines is leaving the company. The news
      485 words
    • Article
      Lock icon S’pore to host world entrepreneurship meet
      426 6  -  Think tank’s first annual conference in Asia expected to attract thought leaders from more than 50 countries next year By Chen Huifen xuifen@sph.com.sg Singapore SINGAPORE will be the first Asian country to host the annual conference of the World Entrepreneurship Forum (WEF) a think-tanksetupbyFrance’sEM-LYON
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    • Article, Illustration
      Lock icon Man U owner to slash club’s debt
      507 6 AP London MANCHESTER United’s American owners have agreed to pay off the most high-interest portion of the club’s debts in a move that will come as a relief to its supporters. What’s more, they will do so without taking any money from the
      AP; REUTERS  -  507 words
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      47 2 CONTENTS HOLIDAY SPECIAL NEWS Top Stories 2-6 Company News 7-10 Singapore News 11-13 Antarctica L2-3 Greece L4-5 Seoul L6-7 Phuket L8-9 Viewsfrom theTop L10-11 Bordeaux L12-13 London L14-15 Maldives L16 World News 14-16 Stocks Stats 17-21 Perspective 22-23 Shipping stats 24-27 Transport Hub 28-30 Executive Money 31-32
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      129 3 'GREENWOOD \J I #Sp| *0 An exclusive lifestyle built around nature in Bukit Timah Estimated T.O.P. 31 March 2011 Attractive prices from $988 psf Visit our sales gallery at development site at Greenwood Avenue Open daily from 10am to 7pm Call *****000 www.fareast.com.sg Far East Organization INSPIRING BETTER LIVES Far
      129 words
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      59 5 Worldclass connections OgilvyRenaultandDeneysReitz joinNortonRoseGroup on1June2011. 2500lawyers 38offices 5continents 1vision Canada and South Africa will soon be part of Norton Rose Group, connecting us across Europe, Africa, the Americas, Asia and Australia. Together we’ll be helping our clients to engage with some of the world’s fastest growing, most influential economies. Great
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Bubble flurry from QE2 to lift STI: CIMB
      531 7  -  The brokerage house expects index to climb to 3,560 points by end-2011, a near 11% increase from current level By Jamie Lee leejamie@sph.com.sg Singapore CIMB Research has put an end-2011 target for the Straits Times Index (STI) at 3,560 points, with the
      FILE PHOTO  -  531 words
    • Article
      Lock icon Mewah prices IPO below range
      484 7  -  By Karen Ng karenng@sph.com.sg Singapore MEWAH International Inc, one of the largest palm oil processors in the world by capacity, yesterday launched its initial public offer (IPO) to raise net proceeds of $234.8 million. The shares will be offered at $1.10 apiece, lower than its
      484 words
    • Article
      Lock icon UOL to release 80 more units at Spottiswoode
      199 7 UOL Group said it is releasing another 80 units at its Spottiswoode Residences for the project’s official launch today after finding buyers for 130 of the 150 units released last week during the project’s preview. The units sold thus far have achieved
      199 words
    • Article, Illustration
      Lock icon SembMarine unit bags US$195m jack-up rig deal
      403 8  -  Third order in past month comes with options for another three jack-ups By Joyce Hooi j oyce h @s p h .co m .sg Singapore THE jack-up market continues to heat up, with Sembcorp Marine subsidiary PPL Shipyard clinching a US$195 million contract
      FILE PHOTO  -  403 words
    • Article, Illustration
      Lock icon Etika’s profit rises 7.2% in challenging climate
      398 8  -  Realised forex losses up 514% as ringgit gains against US$ By Lynn Kan lynnkan@sph.com.sg Singapore MAINBOARD-LISTED sweetened milk producer Etika International Holdings posted a net profit attributable to equity holders of RM66.1 million (S$27.4 million) for the year ended Sept 30, 2010 a
      FILE PHOTO  -  398 words
    • Article
      Lock icon Ezra buys fabrication plant in Houston
      223 8  -  By Joyce Hooi joyceh@sph.com.sg Singapore EZRA Holdings has swooped in on a 650,000 square foot fabrication facility in Houston for an undisclosed “distressed” price, it announced yesterday. The facility will enable Ezra to make customised cranes that will service offshore oil and gas fleets.
      223 words
    • Article, Illustration
      Lock icon Flurry of sales sounds alarm for Asian shares
      1113 9 By cashing in part of their shareholdings, investors are signalling that the rise in share prices is unlikely to continue Reuters Singapore A COLLECTION of prominent shareholders cashed out more than US$1.9 billion from Asia’s equity markets in early November as rising
      Reuters; AFP  -  1,113 words
    • Article, Illustration
      Lock icon QE2 losing its shine as STI sustains 3-day loss
      511 10  -  stocks| R Sivanithy sivan@sph.com.sg Senior correspondent STOCKSswunginvola-tile trading yesterday, when the Straits Times Index started quietly, gyrated wildly and ended 24.7 points lower at 3,212.1. It was the STI’s third straight negative finish, taking its three-day loss of 81 points or
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    • Business briefing
      • Article
        Lock icon Hong Leong Asia chief exec Teo Tong Kooi resigns
        85 10 HONG Leong Asia Ltd announced that Teo Tong Kooi has tendered his notice of resignation as director and chief executive officer of the company. Mr Teo’s resignation will be effective from Nov 18, 2010. Kwek Leng Peck, executive director of the
        85 words
      • Article
        Lock icon CSC unit inks JV deal with Thai firm Pathumthani Concrete
        58 10 CSC Holdings said that its subsidiary, CS Construction Geotechnic Pte Ltd (CSCG) and The Pathumthani Concrete Co, Ltd (PACO) have entered into a 49:51 joint venture agreement to provide Jack-In Pile (JIP) services in Thailand. PACO is one of the
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      • Article
        Lock icon HPL unit sells stake in HPL-Hines Development
        83 10 HOTEL Properties Ltd (HPL) said its subsidiary, HPL Properties (North Asia) Pte Ltd, has sold its 85 per cent stake in HPL-Hines Development Pte Ltd for 765 million yuan (S$150 million). HPL will record a profit of about S$73 million from the sale.
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    • Article
      Lock icon TOP 20 ACTIVES
      111 10 VOL CLOSE GentingSP 157,798 210 1.0 0.5 BanJoo 79,343 5 0.5 11.1 GoldenAgri 52,080 73 1.0 1.4 Centillion 47,510 0.5 0.0 0.0 SingTel 34,968 316 -10.0 -3.1 *GentingHK US$ 33,382 46.5 -0.7 -1.1 NobleGrp 30,857 206 -2.0 -1.0 TopGlobal 28,323 1.5 0.0 0.0 GMGGlobal 24,425 32 0.5
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    • Article
      Lock icon STI STOCKS
      109 10 Stock name Close Change CapMallsAsia 2.090 -0.030 CapitaLand 3.800 CapitaMall 1.940 -0.020 CityDev 13.040 ComfortDelGro 1.530 +0.020 DBS Grp 13.920 -0.080 F&N 6.390 -0.120 Genting SP 2.100 +0.010 Golden Agri 0.730 +0.010 HK Land 7.200 -0.070 JMH 47.000 +0.180 JSH 27.400 +0.120 Jardine C&C 38.200 -0.100 Keppel Corp
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    • Article, Illustration
      Lock icon Threadneedle plans to double staff in Asia
      229 10 Reuters Singapore BRITISH fund manager Threadneedle plans to double its staff in Asia and open new offices in Japan and Taiwan as part of efforts to grow its regional presence, newly appointed Asia-Pacific chairman Raymundo Yu said yesterday. “Thefirststagewillinvolvedistribution and marketing, then analysis,
      Reuters; BANK OF AMERICA-MERRILL LYNCH  -  229 words
    • Article
      Lock icon TOP GAINERS
      58 10 BY CENTS CLOSE UP GuocoLand Ltd 255 30.0 13.3 JMH 4700 23.4 0.4 DBXT SPASX200 10US$ 3298 22.1 0.5 DBXT S&P Short 10US$ 4786 20.8 0.3 DairyFarm 830 15.6 1.5 JSH 2740 15.6 0.4 DBXT MSKorea 10US$ 5373 13.0 0.2 ManhattanRes W*****9 30 10.5 53.8 DBXT MSTHAI 10US$
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    • Article
      Lock icon TOP LOSERS
      66 10 BY CENTS CLOSEDOWN DBXT Nifty 10US$ ***** -384.3 -2.2 IS DJ US Tech 6106 -103.9 -1.3 DBXT FTVietnam 10US$ 3341 -92.2 -2.1 DBXT FTChina25 10US$ 3272 -88.3 -2.0 IS S&P500 ***** -77.9 -0.5 GLD 10US$ ***** -66.2 -0.4 Lyxor India Nifty 10 1746 -63.0 -3.5 DBXT STGLDv100 10US$
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      Lock icon Page 7 Advertisements Column 1
      25 7 LAND FOR SALE D15 Frankel vicinity 8000sqft D15 Dunbar vicinity 7900sqft D15 Sigiap vicinity *****sqft D15 Bedok vicinity 6700sqft All good size land for sub-division
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      274 9 IN THE MATTER OF THE COMPANIESACT, CHAPTER. 50 ASIARETAIL MALL MANAGEMENT PTE. LTD. (Co No: *****0607H) (IN MEMBERS’VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of ASIA RETAIL MALL MANAGEMENT PTE. LTD. held on Thursday, 4 November 2010, the following Special Resolution was passed: WINDING-UPANDAPPOINTMENT OF LIQUIDATOR That Asia Retail Mall
      274 words
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      190 10 In the matter of The Companies Act, Cap. 50 And In the Matter of Tricone Advisors Pte. Ltd. (Company Reg. No. *****1720H) (Incorporated in the Republic of Singapore) NOTICE TO CREDITORS OF MEETING Notice is hereby given, pursuant to Section 296 of the Companies Act, Cap. 50, that a meeting
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon NTU’s $100m blueprint for greatness
      572 11  -  5-year plan also reveals 5 ‘peaks of excellence’ that will drive the varsity By Lee U-Wen leeuwen@sph.com.sg THE Nanyang Technological University (NTU) is setting aside up to $100 million from its budget over the next five years as part of a broad plan to transform
      DESMOND FOO/THE STRAITS TIMES  -  572 words
    • Article
      Lock icon Investors keen on Asia despite spectre of new tax
      519 11  -  Demand for debt also strong within region By Siow Li Sen lisen@sph.com.sg INTERNATIONAL investors continue to be very keen on Asia despite moves to tax inflows as governments in the region battle to fight hot money which is causing their currencies
      519 words
    • Article
      Lock icon Singapore to launch world’s first HFMD kit
      232 11 THE world’s first hand, foot and mouth disease (HFMD) detection kit that gives results within two hours has been developed in Singapore. Singapore Polytechnic (SP) announced yesterday the kit was developed by lecturer Tan Eng Lee over a period of two months. The
      232 words
    • Article
      Lock icon CPF savings rate held at 2.5% for Q1, 2011
      207 12 Extra interest on first $60k of total balance stays too THE interest rate for the Central Provident Fund Ordinary Account (OA) will remain at 2.5 per cent per annum from Jan 1 to March 31, 2011, the CPF board said yesterday.
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    • Article, Illustration
      Lock icon Taking a new look at innovation
      600 12  -  It is more about redefining business than being inventive bluesky conference| By Chen Huifen xuifen@sph.com.sg PANELLISTS at a business discussion debunked the notion that innovation is about invention and instead, portrayed innovation as a way to redefine a business and differentiate a company. “The
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    • Article
      Lock icon The value of collaboration, partnership
      384 12  -  By Linette Lim llinette@sph.com.sg A PANEL of distinguished business leaders discussed the need for collaborative innovation at the BlueSky Conference yesterday. Teresa Lim from IBM, Lim Teck Sin from KOOPrime, Geoffrey Nicholson from 3M and Ashish Chatterjee from Procter Gamble emphasised the importance of collaborations
      384 words
    • Article, Illustration
      Lock icon Beijing will move to curb rising inflation
      516 13  -  Policies will include faster revaluation of yuan, says former PBOC adviser By Teh Shi Ning tshining@sph.com.sg EXPECT more policy moves to curb China’s rising inflation, including a faster revaluation of the yuan, a former adviser to the People’s Bank of China said at
      BLOOMBERG FILE PHOTO  -  516 words
    • Article
      Lock icon Pine Grove to en bloc, $1.7b reserve price: report
      204 13 THE 99-year leasehold Pine Grove in Ulu Pandan could be up for collective sale again with an estimated reserve price of $1.7 billion, said Channel NewsAsia yesterday. The deal, if successful, would be the largest in the collective sales market since
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    • Article, Illustration
      Lock icon First Yishun DBSS project to be launched after CNY
      292 13  -  By Karen Ng karenng@sph.com.sg ADORA Green, for which a groundbreaking ceremony was held yesterday, will be the first design, build and sell project in Yishun under the Housing Development Board’s DBS Scheme. “The development will be launched next year after the
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    • Article
      Lock icon Weak demand for JTC industrial space in Q3
      387 13  -  Leases for prepared industrial land dive 66% from Q2 By Emilyn Yap emilyny@sph.com.sg INDUSTRIAL properties under JTC Corporation experienced weak demand in the third quarter, as lease terminations exceeded take-up for both prepared industrial land and ready-built facilities. Businesses leased about 15.5
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  • WORLD
    • Article, Illustration
      Lock icon India telecoms scandal may stall reforms
      451 14 Opposition threatens to block bills in Parliament unless a parliamentary inquiry into the case is held Reuters New Delhi ONE of the biggest corruption scandals in the Congress-led government’s six years in power has damaged the ruling party’s image, strained ties with a crucial
      Reuters; REUTERS  -  451 words
    • Article
      Lock icon Battle with bondholders looms after G-20 endorses Basel rules
      368 14 Bloomberg London THE next hurdle to bank reform is looming after US President Barack Obama and other Group of 20 leaders endorsed the Basel Committee on Banking Supervision’s new rules in South Korea last week: the bond market. Regulators worldwide, seeking
      Bloomberg  -  368 words
    • Article
      Lock icon RM300m Schlumberger area HQ and finance hub opens
      521 14  -  ‘Early win’ under KL’s economic plan part of 100-more-MNCs goal By Pauline Ng btworld@sph.com.sg Kuala Lumpur SCHLUMBERGER’s opening of its RM300 million (S$ 124.3 million) financial hub and Asia area headquarters yesterday has kick-started the country’s plan to attract 100 more multinational
      521 words
    • Article
      Lock icon Ireland to weigh EU measures to shore up banks
      363 15 Bloomberg Brussels IRELAND has signalled a willingness to weigh European Union measures to aid its banks, potentially abandoning a go-it-alone defence to prevent a resurgent debt crisis from destabilising the euro. With European Central Bank officials urging Ireland to set aside
      Bloomberg  -  363 words
    • Article, Illustration
      Lock icon Shanghai’s dive spooks Asian stocks
      503 15 China market down 4% on worries over possible monetary tightening measures Bloomberg Reuters AFP Beijing ASIAN stocks mostly fell yesterday amid jitters across world markets, with Shanghai suffering another dramatic plunge on worries about possible Chinese monetary tightening measures. Shanghai ended the day down 3.98
      Bloomberg; Reuters; AFP  -  503 words
    • Article
      Lock icon Foreign investment in China surges 7.9% in Oct
      423 15 Bloomberg Beijing FOREIGN direct investment in China increased at a faster pace for the third month in October, underscoring confidence in the outlook for the fastest-growing major economy and adding to pressure on the nation’s exchange rate. Investment rose 7.9 per cent
      Bloomberg  -  423 words
    • Article
      Lock icon Core producer prices down 0.6% in Oct
      391 16 Fall in vehicle prices leads to the steepest decline in four years, well below analysts’ expectations latest us data Reuters Washington US core producer prices recorded their largest decline in more than four years in October, scoringtheFederalReserve’sconcerns about the low inflation environment. The
      Reuters  -  391 words
    • Article, Illustration
      Lock icon Sime sees its return to profit in Q1 of FY2011
      516 16 Reuters Kuala Lumpur MALAYSIAN plantations-to-prop-erty company Sime Darby expects to return to profit in the first quarter of fiscal 2011 after cost overruns at its energy business led to a string of losses and drew intense investor scrutiny. Sime, Malaysia’s
      Reuters; FILE PHOTO  -  516 words
    • Article
      Lock icon QE2 driving frontier markets off the radar
      378 16 Reu ters London THEworld’sleastdevelopedfrontier markets could fall off an emerging markets bandwagon as a second bout of US money-print-ing risks fuelling inflation that may be more damaging to their economies than most. The larger emerging markets are bracing for a new wave of
      Reuters  -  378 words
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  • SGX
    • Article
      Lock icon Untitled
      9168 17 Transaction date: Nov 16 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 -0.5 230 19 18.5 18.5 19 1.7 9.8 5.9 88.6 12 5 5834 A-Sonic 6 unch
      9,168 words
    • Article
      Lock icon SGX CATALIST
      1835 20 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 162 -2 25 164 158 157 162
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 20 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 5 0 0 0 5 6 5 Manufacturing 36 67 82 7 6 12 43 73 94 Commerce 19 25 27 4 0 9 23 25 36 Tpt/Stor/Comms 7 19 16
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 20 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 20,226 20,226 82,305 82,305 Manufacturing 321,659 20,079 341,738 248,379 2,394 250,772 Commerce 167,539 21,164 188,703 137,941 2,220 140,161 Tpt/Stor/Comms 139,216 1,584 140,800 275,151 211 275,362 Finance 20,599 20,599 198,683 198,683 Construction 31,648 32,963 64,611 7,805
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  • Page 20 Advertisements
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      35 20 Your window to the marketplace November/December issue out now! Available at all petrol stations (except Caltex) and all major bookstores To subscribe ($30 for six issues delivered to your office or home), please call 6388-3838
      35 words
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  • MARKETS
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 21 Nov 16 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.327 1.252 Can dollar 1.315 1.265 Euro 1.804 1.735 Sterling pound 2.133 2.051 NZ dollar 1.036 0.987 US dollar 1.326 1.275 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      90 21 YTD change: +10.85% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,648.15 on May 25,2010 Source: Bloomberg YTD change:-11.68% 52-week high: 3,361.39 on Nov 24,2009 52-week low: 2,319.74 on July 2,2010 Source: Bloomberg YTD change: +8.32% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,971.50 on May 27,2010
      Source: Bloomberg  -  90 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      374 21 In local curr In S$ In US$ dy yr dy yr dy yr Nov 15 Index Change Change Change Change Change Change World Index Preliminary 872.0 0.6 4.7 0.9 -1.5 0.3 6.1 ‡EAFE Preliminary 790.9 0.6 0.8 0.5 -4.3 -0.1 3.1 Europe Preliminary 1164.8 0.7
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 21 Nov 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2763 1.2769 0.9830 0.9831 Canadian dollar 1.2854 1.2868 0.9900 0.9907 Euro 1.7660 1.7670 1.3601 1.3604 NZ dollar 1.0047 1.0057 0.7738 0.7743 Sterling pound 2.0824 2.0836 1.6038 1.6041
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    • Article
      Lock icon LIFFE
      82 21 Nov 15 COCOA (£/tonne) Close Prev High/Low Dec 10 1837 1800 1841/1790 Mar 11 1858 1827 1863/1816 May 11 1875 1845 1877/1835 Jul 11 1892 1864 1896/1855 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1909 1885 1909/1894 Jan 11 1902 1875 1917/1858 Mar 11 1902 1880 1915/1863 May 11
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    • Article
      Lock icon CHICAGO BOT
      93 21 Nov 15 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 11 1286.*****9.*****7.*****2.25 Mar 11 1293.*****7.*****4.*****0.00 May 11 1290.*****6.*****1.*****6.00 Jul 11 1290.*****7.*****2.*****6.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Dec 10 52.47 52.53 53.32 51.26 Jan 11 52.75 52.85 53.62 51.52 Mar 11 53.13 53.20 53.98
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    • Article
      Lock icon OIL
      75 21 Nov 15 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 86.68 -0.39 WTI (Near Mth) 84.55 -0.34 Dubai (1-Mth F) 84.50 -0.33 Tapis blend 90.95 -0.30 Minas 86.55 -0.30 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 87.33 -0.06 Jet Kerosene 99.20 -2.08 US$/barrel Opec Oil Basket Price
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    • Article
      Lock icon PALM OIL
      66 21 Nov 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 10 3370 3371 3402 3271 304 3443 Jan 11 3350 3370 3403 3267 5714 ***** Feb 11 3351 3365 3399 3260 ***** ***** Mar 11 3351 3355
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    • Article
      Lock icon LONDON METALS
      72 21 Nov 15 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2375.25 2378.75 3 months 2400.00 2404.00 Copper, Grade A (US$/tonne) Cash 8670.00 8628.00 3 months 8645.00 8615.00 Lead (US$/tonne) Cash 2430.00 2496.25 3 months 2455.00 2520.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon METALS
      66 21 Nov 16 GOLD (US$/oz) Nov 15 Nov 16 Hong Kong 1367.*****0.80 Nov 12 Nov 15 London 1378.*****1.85 1379.*****2.35 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 33.79 33.56 Source: UOB PLATINUM Lon (US$/oz) Nov 15 Close Previous PM Fix 1675.*****2.00 AM Fix 1675.*****5.00 Source: Thomson Reuters PLATINUM NYMEX
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon The euro – a bankruptcy machine
      984 22/23  - The euro a bankruptcy machine The Eurozone economies are just too different to allow a single central bank to manage all of them. Every bailout is only going to shift the attacks elsewhere Matthew Lynn ~The writer is a Bloomberg News columnist and the author of ‘Bust’, a forthcoming book
      Bloomberg; AFP  -  984 words
    • Article, Illustration
      Lock icon India’s ‘Look East’ policy: riding on economics
      979 22/23  -  Amitendu Palit ~The writer is a visiting senior research fellow at the Institute of South Asian Studies in the National University of Singapore. The views are personal THE last month saw the Indian Prime Minister Manmohan Singh travelling to Japan, Malaysia and Vietnam.
      AFP  -  979 words
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      5690 24 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.
      5,690 words
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      33 26 Legal services required by shippers owners U Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 inc DU3IIMC3J IIIVIC3 SHIPPING TIMES
      33 words
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  • SHIPPING
    • Article
      Lock icon A window to life at sea – warts and all
      751 28  - A window to life at sea warts and all Michael Lloyd’s The Complete Chief Officer is essential reading, says David Hughes strait talk David Hughes THIS week’s column is about a book written with intention of assisting young chief officers, or mates, to do their job. Judged just on that
      751 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 28 SGX '000 Nov 16 S$ +/-Vol CH Offshore 0.51 -0.01 1186 Chuan Hup Hldg 0.23 -0.01 50 Cosco Corp 2.09 unch ***** CWT Ltd 0.94 -0.02 1657 Ezra Hldgs 1.74 0.01 6168 First Ship Lea 0.44 -0.01 509 Freight Links 0.09 unch 4817 Grand Banks 0.45 unch 40
      278 words
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  • AVIATION
    • Article, Illustration
      Lock icon Growth in premium air traffic rebounds
      648 29  -  First and business-class passenger numbers jump 12% in September, compared to August’s 6% rise By Ven Sreenivasan ven@sph.com.sg Singapore AFTER a dip in the growth rates for traffic of all types in August, global air passenger numbers in premium (first and business) cabins increased
      AP  -  648 words
    • Article
      Lock icon More than 20 Jetstar Asia flights cancelled
      226 29 MORE than 20 Jetstar Asia’s inbound and outbound flights scheduled for yesterday and today have been cancelled, the Changi Airport website showed last night. But the budget carrier said that the cancellations were planned last month and passengers were kept informed ahead of
      226 words
  • Page 29 Miscellaneous
    • Miscellaneous
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      296 29 CRYPTIC CROSSWORD Across 1 Actor playing with genuine class (4,8) 8 Thrill, being gripped by umpteenth rally (7) 9 The main man? (7) 11 Finds location of in-store bananas (7) 12 Study head of pill bug outside (7) 13 Tracks from Stones records (5) 14 Respect order one’s given by
      296 words
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  • LAND TRANSPORT
    • Article
      Lock icon Toyota still No 1 car brand here
      562 30  -  But the best selling model is Kia Cerato Forte if sales of both its sedan and coupe versions are tallied By Samuel Ee samuelee@sph.com.sg Singapore SINGAPORE’S top selling model would be South Korean and not Japanese if both the sedan and coupe versions
      562 words
    • Article, Illustration
      Lock icon Without aftersales, there is no profitability: VW exec
      474 30  -  Depending on the market, aftersales can account for up to 70% of revenue By Samuel Ee samuelee@sph.com.sg Singapore A GRAND showroom with gleaming new cars may be impressive but it is the less glamorous business of aftersales service that usually rakes in
      474 words
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Investing in lawsuits
      1455 31 Hundreds of millions of dollars are being spent to fund lawsuits in the hope of sharing in the potential payouts NYT New York LARGE banks, hedge funds and private investors hungry for new and lucrative opportunities are bankrolling other people’s lawsuits, pumping hundreds of millions of dollars
      NYT; BLOOMBERG  -  1,455 words
    • Article, Illustration
      Lock icon Bank on a challenging 2011
      918 32  -  Despite the recent strong performance by stocks and bonds, fund managers are sounding a note of caution Genevieve Cua gen@sph.com.sg Personal Finance Editor THE flow of funds into Asia is likely to be “overwhelming” in 2011, pushing up the values of emerging market debt and
      stock.xchng  -  918 words
    • Article, Illustration
      Lock icon Crossbridge launches services in S’pore
      352 32  -  By Genevieve Cua gen@sph.com.sg UK-BASED Crossbridge Capital has launched its independent investment advisory services in Singapore, targeted at high net worth clients. The firm joins the ranks of a small albeit growing segment of advisers who find a welcome mat particularly among clients who are
      ARTHUR LEE  -  352 words
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      145 1 Holiday SpecialBTTHEBUSINESSTIMES|NOVEMBER*****0BTTHE BUSINESS TIMES NOVEMBER 17 2010 MEMORABLE DESTINATIONS The year-end holidays are drawing near and it is the season for sussing out travel options. There’s nothing like drawing upon the travel experiences of others for inspiration hence this special holiday issue where we ask senior executives to share their
      145 words
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  • BT Holiday Special
    • ANTARCTICA
      • Article, Illustration
        Lock icon Destination Antarctica: Journey of a lifetime
        956 2 / 3  -  One purpose of the trip was to create a photo database of Antarctica’s flora and fauna to track global warming’s impact on the continent. By Edward F Dixon By Edward F Dixon ~The writer is partner and managing director for Singapore and south APAC
        PHOTOS: EDWARD F DIXON  -  956 words
    • GREECE
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        Lock icon The precious gift of a family holiday
        1502 4 / 5  -  Couple forgo Christmas presents in favour of holidays and quality time with their son in Greece. By Stefanie Yuen Thio By Stefanie Yuen Thio ~The writer is joint managing director of TSMP Law Corporation btnews@sph.com.sg IF your house was burning down, what would
        PHOTOS: STEFANIE YUEN THIO  -  1,502 words
    • SEOUL
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        Lock icon Seoul searching
        1342 6 / 7  -  The Korean capital is shedding its once-gritty image to become one of Asia’s most glittering metropolises. By Aric Chen glittering By Aric Chen NYT HASTILY rebuilt after the Korean War, Seoul is shedding its once-gritty image to become one of Asia’s most glittering metropolises. Under its design-ob-sessed mayor,
        NYT; PHOTOS: FILE PHOTOS  -  1,342 words
    • PHUKET
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        Lock icon Swing by Phuket
        917 8 / 9  -  Golf enthusiasts looking to improve their game need look no further than the nearby Thai resort. By Darryl Wee By Darryl Wee The writer is country head, ACCA Singapore btnews@sph.com.sg MY wife and I have always enjoyed golf vacations and taking in new experiences together. So for
        PHOTOS BY DARRYL WEE  -  917 words
    • VIEWS FROM THE TOP
      • Article, Illustration
        Lock icon Leavin’ on a jetplane
        1721 10 / 11 THIS WEEK’S TOPIC Is there a place you visited, or took a holiday in, that was so much fun it has stayed in your memory? What made it special the food, the sights, the shopping, the people? Pinaki Rath Managing Director Gold Matrix Resources Pte Ltd
        PHOTOS: AFP, FILE PHOTOS  -  1,721 words
    • BORDEAUX
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        Lock icon Enjoying wine tours
        1217 12 / 13  -  Visiting wine country can be quite refreshing after all those visits to glamorous shopping centres. Here are some tips for first-time visitors to wine regions such as Bordeaux, vineyards and cellars. By N K Yong By N K Yong btnews@sph.com.sg OUR first-ever visit to Bordeaux, indeed to
        BLOOMBERG, AFP, REUTERS, FILE PHOTO  -  1,217 words
    • LONDON
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        Lock icon Fun for the whole family
        1363 14 / 15  -  London is not just for urbane adults with large credit limits; there are other gems that both adults and children will relish. By Corinne Kerk By Corinne Kerk btnews@sph.com.sg THE currency war is telling us something, and the message is clear: head west, where the
        PHOTOS BY CORINNE KERK; THE ROCCO FORTE COLLECTION  -  1,363 words
    • MALDIVES
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        Lock icon Into the blue in Velavaru
        775 16  -  For a complete change of scenery and the ultimate castaway experience, nothing beats the Angsana Velavaru in the Maldives. By Adrian Tan By Adrian Tan ~The writer is a partner at Drew and Napier btnews@sph.com.sg IF YOU need an antidote to Singapore, may I recommend
        775 words
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