The Business Times, 18 October 2011

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Microfilm: NL31670
Total Pages: 34
1 34 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Tuesday, October 18,
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  • Article
    Lock icon K-Reit buying 87.5% of Ocean Financial Centre
    923 1  -  Deal with parent Keppel Land costs around $1.57b; rights issue expected to raise around $976.3m By UMA SHANKARI [SINGAPORE] K-Reit Asia will fork out some $1.57 billion to buy parent company Keppel Land’s entire stake in the Ocean Financial Centre (OFC) office building,
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  • Article
    Lock icon Dark pool to make waves with major exchanges
    704 1  -  Liquidnet expects more tie-ups in the region by 2012 By JAMIE LEE [SINGAPORE] Liquidnet, the world’s largest dark pool operator, expects more tie-ups with stock exchanges by next year and is in talks with three major regional exchanges about forging alliances, Liquidnet
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  • Article
    Lock icon MARKETS DIGEST
    142 1 GST INDEX 2,778.97 (+34.80) GST INDEX FUTURES 2,778.00 (+34.00) GSIMSCI 318.28 (+3.31) GSIMSCI FUTURES 318.30 (+4.50) FOREX US$ S$ US$ (S$ per US$) 1.261 (US$/S$ per 1.581 1.994 EURO (US$/S$/E) 1.389 1.752 Foreign currency per US$ S$ YEN 77.40 61.40 RM 3.105 2.462 HK$ 7.776 6.167 BAHT 30.63
    142 words
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      118 1 BOTCHED NOSE CASE Aesthetics doctor to pay $250,000 PAGE 4 PROPERTY No hint of slowdown in private home sales PAGE 2 EN BLOC 3 more projects relaunched PAGE 33 LEADERS’ PERSPECTIVE Patrick Imbardelli, president and chief executive of the Pan Pacific Hotels Group, on why a shared vision is a
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      13 1 HOCK LOCK SIEW Time to ask hard questions on executive pay PAGE 5
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  • TOP STORIES
    • Article, Illustration
      Lock icon No sign of slowdown in private home buying
      888 2  -  Analysts say strong sales are driven by developers rolling out new projects By KALPANA RASHIWALA [SINGAPORE] The latest developer sales numbers for September gave no hint of any slowdown in private home buying. Most analysts said September’s surprisingly strong sales, released yesterday
      Source: URA  -  888 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      564 2 K-Reit buying 87.5% of Ocean Financial Centre K-REIT Asia will fork out some $1.57 billion to buy parent company Keppel Land’s entire stake in the Ocean Financial Centre office building. K-Reit will acquire 87.5 per cent of OFC with a 99-year lease. It said it intends to raise
      564 words
    • Article, Illustration
      Lock icon Nose job doctor throws in the towel as trial begins
      676 4  -  He agrees to pay legal fees, $250,000 in damages, surgery costs to ex-patient By GRACE GRACE LEONG [SINGAPORE] Aesthetics doctor Amal Dass, who was sued over a botched nose job, threw in the towel on Day One of what was
      SINGAPORE TATLER FILE PHOTO  -  676 words
    • Article
      Lock icon Clarification
      111 4 IN BT’s Inside Markets column yesterday, we said that purchases of 1.06 million shares by SingTel chief executive Chua Sock Koong from Oct 12 to 13 increased her direct and deemed SingTel shareholding to some 20 million shares. Ms Chua does not own 20 million SingTel shares. Nor did
      111 words
    • Article, Illustration
      Lock icon Exports surprise with 4.5% fall in Sept
      604 4  -  Economists expect downward revision of Q3 growth figure By CHUANG PECK MING [SINGAPORE] Non-oil domestic exports unexpectedly fell last month, leading some economists to see a likely downward revision of the official economic growth estimates for the third quarter. The NODX dipped 4.5
      Source: IE Singapore  -  604 words
    • Article, Illustration
      Lock icon S’pore adds to confidence of NRI clients: RBS Coutts
      626 4  -  Non-resident Indian assets at the bank up 30% last year By SIOW LI SEN [SINGAPORE] RBS Coutts soon to be rebranded Coutts may be UK-owned but that does not bother its Non-Resident Indian (NRI) clients who continue to stash more of
      626 words
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      223 2 MOVABLE SPACE NEW ORLANDO PREMIUM 7-SEATMPV V c es££S m. g£gg y L y y iML A m SUPERB SEAT AND STORAGE FLEXIBILITY, TOP GRADE PREMIUM FITTINGS AND FEATURES, NAVIGATION SYSTEM AND MORE. It's arguably the perfect vehicle for every one in the family or for anyone who likes to
      223 words
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      72 3 Asset Management Wealth Management Asset Services The past The future. We respect them equally. m r 1 3* ■4 J yr Si h A 1 A £T; 2K -c. f >.• 1 Photograph by Christian Houge Pictet Cie, Geneva Private bankers since 1805 Geneva Lausanne Zurich Basel London Luxembourg Frankfurt
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      144 4 SETIA BUSINESS PARK Freehold Factories in Iskandar Malaysia V* L II ri It r ■in Detached Factory m "fyr \s 7 i: vHi ffi »i Sfc^H 1 mrrS' -7-». **fo->..JBSISSSS '.r. FOR SALE AND FOR LEASE For light and medium industries seeking to enjoy lower operation costs LOW CASH OUTLAY
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      21 4 Discover I Greener Pastures 1 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices MATS NOTICES
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  • COMPANY NEWS
    • Article
      Lock icon SGX’s Q1 profit increases 18%
      498 5  -  Net profit of $87.5m is helped by stronger performance from derivatives segment By JAMIE LEE SINGAPORE Exchange (SGX) posted an 18 per cent increase in net profit for the first quarter ended Sept 30, 2011, with stronger performance from its derivatives segment, but warned that
      498 words
    • Article
      Lock icon Time to ask tough questions on executive pay
      777 5  -  HOCK LOCK SIEW By R SIVANITHY THE “Occupy Wall Street” protest against the greed and excesses of the US financial sector may not have made its presence felt locally, but those who feel a sense of outrage at the gross inequality that
      777 words
    • Article
      Lock icon M1 posts 4.1% rise in Q3 profit to $41.1m
      446 5  -  Lower operating expenses, lower cost of sales lift earnings By MICHELLE TAN M1 Limited’s third-quarter operating revenue dipped 0.4 per cent to $244.8 million, from $245.7 million a year ago, as weaker handset sales weighed on the topline. However, net profit
      446 words
    • Article
      Lock icon Yangzijiang allays concerns over micro-lending biz
      581 6  -  Lending activities not affected by corporate failures in Wenzhou city, it says By LYNETTE KHOO YANGZIJIANG Shipbuilding has shed more light on its micro-lending business, reassuring investors that its lending activities have not been affected by the string of corporate failures in Wenzhou city
      581 words
    • Article
      Lock icon Pacific Healthcare ex-ED questions firm’s corporate governance
      465 6  -  By EMILYN YAP FORMER Pacific Healthcare executive director Martin Huang and substantial shareholder Valuecare yesterday fired more criticisms against the company’s corporate governance in a bid to change the composition of the board. In a five-page letter, the well-known plastic surgeon and investment
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    • COMPANY BRIEFS
      • Article
        Lock icon OCBC Bank in RM450m acquisition plan
        56 6 OCBC Bank’s wholly-owned subsidiary OCBC Capital (Malaysia) (OCSB) offered to acquire five companies from its 63.5 per cent-owned listed subsidiary PacificMas Bhd for RM450 million (S$183.8 million). OCBC believes the target companies, if bought and owned directly by OCSB, can be more efficiently managed
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      • Article
        Lock icon Noble shuts London coal trading desk
        54 6 [MADRID] Noble Group, one of the biggest physical coal traders, shut its London coal trading desk and will focus on growing its coal business out of Asia, sources close to the company said. Several Noble physical and coal swaps traders have left the firm
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      • Article
        Lock icon NOL 4-week container volumes up 5%
        92 6 NEPTUNE Orient Lines (NOL) said its container shipping volumes increased 5 per cent to 229,300 Forty-foot Equivalent Unit (FEU) for the four weeks from August 27, 2011 to September 23, 2011. However, its average revenue per FEU fell 19 per cent to US$2,501 per
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      • Article
        Lock icon Tiong Seng wins $147.3m HDB contract
        44 6 TIONG Seng Holdings said its unit has been awarded a $147.3 million contract by the Housing and Development Board (HDB). The contract is for the building and contingency works at Punggol West Contract 22, involving 804 dwelling units.
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      • Article
        Lock icon Marco Polo secures US$27m jobs
        73 6 MARCO Polo Marine announced it has secured two shipbuilding contracts worth US$13.5 million each. Awarded by its associated company PT Pelayaran National Bina Buana Raya (BBR), Marco Polo will construct two 5,400bhp AHTS, expected to be completed and delivered in late 2012. These shipbuilding contracts,
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    • Article
      Lock icon A-Reit Q2 net property income up 7.9%
      371 6  -  Distributable income climbs 14.1% to $70.5 million By MINDY TAN ASCENDAS Real Estate Investment Trust (A-Reit) yesterday posted net property income of $90.6 million for the second quarter ended Sept 30, up 7.9 per cent from a year ago. Distributable income climbed 14.1
      371 words
    • Article
      Lock icon K-Reit Q3 DPU up 16%
      324 6  -  By EMILYN YAP K-REIT Asia yesterday posted a distribution per unit (DPU) of 1.96 cents for the third quarter 16 per cent higher compared with a year ago. The annualised DPU works out to 7.78 cents, generating a distribution yield of 7.7 per cent based
      324 words
    • Article
      Lock icon K-Green Trust’s Q3 earnings down 14% to $3.8m
      316 6  -  By LYNN KAN K-GREEN Trust reported third quarter earnings of $3.8 million, down 14 per cent from $4.4 million in the same quarter last year. Third quarter revenue likewise fell 5.8 per cent to $24.6 million from $26.1 million. For the nine
      316 words
    • Article
      Lock icon Enlarged entity Nikko AM Asia names president
      351 9  -  Integration of DBS AM and Nikko AM Singapore following acquisition By CONRAD TAN JAPAN’S Nikko Asset Management Group (Nikko AM) has appointed a new head to lead its enlarged as-set-management business in Singapore after completing its acquisition of DBS Asset Management (DBS AM).
      351 words
    • Article, Illustration
      Lock icon Qian Hu blames strong S$, EU crisis for weaker sales
      300 9  -  By DOLLY CHIA QIAN Hu Corporation’s third-quarter net profit plunged by more than half amid slower sales. The integrated ornamental fish service provider yesterday reported a 52.7 per cent year-on-year fall in net profit to $574,000 for the three months
      300 words
    • Article
      Lock icon $250m Wharf issue lifts bond market
      375 9  -  Issue of 7-year notes at 4.3% upsized on strong demand By SIOW LI SEN THE local bond market has reopened again with Hong Kong issuer Wharf Holdings selling $250 million 7-year bonds in a few hours yesterday. Nervous investors who had been sidelined the
      375 words
    • Article
      Lock icon SIA’s Sept load factor dips on capacity rise
      222 9 SINGAPORE Airlines filled slightly fewer seats in September, compared to a year earlier, as capacity growth outpaced carriage during the month. Passenger load factor last month dipped 0.7 percentage points to 79.6 per cent, as a systemwide passenger carriage (measured in revenue
      222 words
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      476 5 GET SMARTER WITH SMARTPHONE MOMENTUM E*TRADE MOBILES PRO Unleash Your U.S. Trading Streaming Real-time Quotes Market Indexes Stocks at a glance Complete View of Accounts Live Watch Lists Portfolios Easy Stock Options Trading Market News Commentary COMMISSION FROM AS LOW AS US$9.99* PER TRADE AND NO CUSTODY FEE** OPEN A
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      172 5 WA i IKHKS HID BlK 3»H!SK "> ll IgKSSl I 9 v N> SV la 0 s *2sJ? m+\< World's Finest Serviced Offices A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of
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      321 6 @SP NANYANG -rt TECHNOLOGICAL UNIVERSITY Nanyang Business School LEADERSHIP CONFERENCE: Transformational Strategies for Succeeding in a Volatile Marketplace m m Ml nj in h /j tt <<? <? v u L Rapid changes in the economy, sudden shifts in consumer preferences, increasing culturally-diverse talent mix in organizations, and intense global
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      86 7 To Envy Or Be Envied Oxley Walk Penthouses ready to put you in awe SSiw n ii §mM aw 5. L m mm 4 h u It r A a s& H *1 m n w i a ii &9 ,f V I isgFttu r if: > m Vk: BELLEV
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Investors still buying in anticipation
      540 8  -  Markets hoping for fresh European bailout news, good US bank earnings STOCKS R SIVANITHY Senior Correspondent OUR Monday column discussed the likelihood of markets currently enjoying a “buy in anticipation” phase and this was indeed the case yesterday as the Straits Times Index (STI) added
      Source: Bloomberg  -  540 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Oct 17 VALUE CLOSE BT OB/OS 857.00 +543.0 BT CADI -*****.00 +220.0 BT 10-day MA -*****.00 +86.00 FTSE ST Mid Cap 620.53 +5.51 FTSE ST Small Cap 426.58 +5.16 FTSE ST All Share 668.53 +7.97 FTSE ST China Top 193.88 +3.11 FTSE ST China 229.78 +6.00 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 1 2 0 0 0 11 1 2 Manufacturing 76 28 35 4 4 5 80 32 40 Commerce 30 8 15 4 4 1 34 12 16 Tpt/Stor/Comms 23 11 7
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    • BROKERS’ TAKE
      • Article
        Lock icon Yangzijiang Shipbuilding (Holdings)
        367 8 Oct 17 close: $0.965 DMG PARTNERS RESEARCH, Oct 17 IN light of the rising concerns over informal lending and micro financing in China, Yangzijiang Shipbuilding has issued a statement reassuring investors that the company is not affected and does not foresee a negative impact on its results
        367 words
      • Article
        Lock icon Biosensors International Group
        321 8  -  Compiled by CONRAD TAN Oct 17 close: $1.25 OCBC INVESTMENT RESEARCH, Oct 17 WE believe that Biosensors International Group (BIG) is set to make further headway in China’s growing drug-eluting stent (DES) market, having recently completed its acquisition of the remaining 50 per cent equity stake in
        321 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 69,779 69,779 157,226 157,226 Manufacturing 259,330 50,605 309,935 235,328 1,670 236,998 Commerce 127,901 4,439 132,340 121,445 193 121,638 Tpt/Stor/Comms 140,011 6,547 146,558 148,581 741 149,322 Finance 17,384 17,384 134,670 134,670 Construction 55,885 44,072 99,957 15,842
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 1.290 +0.020 CapitaLand 2.550 +0.030 CapitaMall 1.890 +0.030 CityDev 10.060 +0.100 ComfortDelGro 1.365 +0.015 DBS Grp 12.310 +0.090 F&N 5.940 -0.050 GLP 1.610 +0.005 Genting SP 1.650 +0.030 Golden Agri 0.640 +0.010 HK Land 5.000 +0.300 JMH 51.200 +1.100 JSH 28.010
      112 words
    • Article
      Lock icon Euro stable in Asia after G-20 meeting
      475 8 CURRENCIES [TOKYO] The euro was stable in Asia yesterday, with eyes now on next weekend’s European Union (EU) summit after a G-20 finance chiefs meeting in Paris called for quick and decisive measures to end the eurozone debt crisis. The euro stood at
      475 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME Genting SP 74,742,000 Golden Agri 72,351,000 JEP 42,538,000 Noble Grp 41,200,000 ChinaESave 39,995,000 Tuan Sing 38,306,000 NexGenSCom 31,866,000 Yangzijiang 29,807,000 Midas 23,199,000 PSL Hldgs 22,511,000 VALUE($) Genting SP 122,575,230 Keppel Corp 114,271,310 SembMar 61,545,080 Noble Grp 60,578,495 Wilmar 50,073,880 DBS Grp 48,101,990 Golden Agri 45,997,775 UOB
      56 words
    • Article
      Lock icon RISES
      113 8 BY CENTS CLOSE UP DBXT AUDMM 5SG$ ***** 476.0 1.9 GLD 10US$ ***** 214.3 1.0 DBXT MSKorea 10US$ 5180 184.0 2.9 Lyxor AsiaRE 10US$ 757 163.8 20.7 JMH 5120 138.6 2.2 DBXT MSTHAI 10US$ 1521 102.1 5.6 DBXT MSUSA 10US$ 2957 84.4 2.3 DBXT E50 10US$ 3703 83.2 1.8
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    • Article
      Lock icon FALLS
      121 8 BY CENTS CLOSE DOWN DBXT AUDMM 5US$ *****-238.2 -0.9 DBXT S&P Short 10US$ 4332-126.0 -2.3 UOB 5.05%NCPS 100 ***** -30.0 -0.3 Goodpack W*****0 90 -11.0 -10.9 CombWill 100 79.5 -10.0 -11.2 Raffles Med 219 -7.0 -3.1 SIA Engg 370 -7.0 -1.9 Venture Corp 688 -7.0 -1.0 DBS BP ePW*****2
      121 words
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      93 8 3D 4\ 30 o O <2 N\\ BV LGAR I <&,© ,17, to O 0 v. V/ m u O \»y CX3 CO V Gerald Genta B V LG A R I OCTO BI-RETRO STEEL CERAMIC ELECTED WATCH OF THE YEAR 2010 BY A SWISS PROFESSIONAL JURY BOUTIQUES TAKASHIMAYA DEPARTMENT
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      34 9 STRESSED? SLEEP ON WATER! Natural refreshing sleep comes easier on a waterbed. You wake up relaxed, refreshed and rejuvenated. FANTASY WATERBEDS SLEEP CENTRE #01-15/16 The Furniture Mall (The Plaza) 7500D Beach Road Tel: 6469-1381
      34 words
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      141 9 WINNER IG Markets I Trends MARKETS Sept 2010 Singapore CFD Report Highest overall customer satisfaction We recognise differences, So do our dealing apps. Trade on the move with Singapore's No.1 for CFD Customer Satisfaction. Our free FX/CFD trading apps are tailored for iPhone, BlackBerry and Android. Take a position at
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  • SINGAPORE NEWS
    • Article
      Lock icon MPs zero in on low birth rate, ageing population
      656 10  -  S’pore is running against time to escape from silver tsunami, says one YESTERDAY IN PARLIAMENT By CHUANG PECK MING THE challenges of a low birth rate and an ageing population were among the issues that got the most attention in the
      656 words
    • Article
      Lock icon SilverNeedle Hospitality eyes Asian expansion
      426 10  -  Next up for the company could be going public By NISHA RAMCHANDANI SINGAPORE-BASED SilverNeedle Hospitality is planning to expand aggressively across Asia in the next five years with an additional 10,000 rooms by way of acquisitions, greenfield projects and management contracts. A subsidiary of the
      426 words
    • Article, Illustration
      Lock icon Adopt clustering to solve manpower issues: SMa
      226 10  -  By LYNN KAN MANUFACTURING companies should consider “clustering” to solve manpower issues such as how to attract local employees and cope with dependency ratios of foreign workers, said the Singapore Manufacturers' Federation (SMa). The suggestion for companies to band together was put forth
      FILE PHOTO  -  226 words
    • Article, Illustration
      Lock icon All Shell plants yet to resume operations
      554 10  -  By RONNIE LIM ALMOST three weeks after the Bukom fire, Shell has yet to restart all the production units it shut down for safety reasons. Force majeure also remains on the oil giant’s product supplies to some customers, BT understands. Shell had shut
      AFP  -  554 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon SMU and SUTD sign MOU
        36 10 SINGAPORE Management University and the Singapore University of Technology and Design yesterday signed a memorandum of understanding that creates a framework for collaboration in education, research, and student and faculty exchanges.
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      • Article
        Lock icon S’pore Cruise Centre wins security award
        52 10 SINGAPORE Cruise Centre has won the Silver TOPSIS (Threat Oriented Passenger Screening Integrated Systems) Organisational Award handed out by the Ministry of Home Affairs’ Homefront Security Division. Two employees of the company also won an individual award each for their strong track record in
        52 words
      • Article
        Lock icon Kit for early detection of kidney disease
        96 10 NEPHRON Dx, a new spin-off company from the National University of Singapore, has been set up to develop a more accurate diagnostic kit for the early detection of diabetic chronic kidney disease. Nephron Dx’s diagnostic platform works by detecting the presence of nephrin
        96 words
    • Article
      Lock icon Four land parcels to be released this month
      481 11  -  3 for private housing and one for EC units, yielding around 1,900 units in total By UMA SHANKARI THE government will release three land parcels for private housing and one for executive condominium units for sale this month. The four sites can
      481 words
    • Article
      Lock icon Fewer ERP hours on CTE, gantries shifting
      271 11  -  By DOLLY CHIA TOMORROW, the evening operating hours of the Electronic Road Pricing (ERP) system will be reduced on the northbound Central Expressway (CTE) from the city. All four gantries along the southbound Singapore River Line will also see a similar reduction. The
      271 words
    • Article, Illustration
      Lock icon Create, re-invent memorable experiences: tourism forum
      486 11  -  By NISHA RAMCHANDANI IN today’s dynamic tourism landscape, creating and re-inventing memorable experiences is key to success, according to renowned industry players. Danish entrepreneur and guest speaker Claus Meyer whose Noma restaurant has been awarded Best Restaurant in the World in 2010 and 2011
      PHOTOS BY YEN MENG JIIN  -  486 words
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      202 10 Are You Struggling To Earn $8,000 A Month? Do You Want To Start A Profitable Business in Singapore and 16 Countries Worldwide? President, Northwest Invention Center, USA Booming Business "Started In United States Expanded to Australia, Canada, Mexico, Hawaii, India. Dr Sobey launched Camp Invention, which now has more than
      202 words
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      197 10 I've Stopped My Pain! Have you? MMIIIM Illlllllll 5 Suffering from these? Neck Pain Hand Pain -Ankle Pain Hamstring Pain -Shoulder Pain -Elbow Pain Feet Heel Pain -Calf Pain Back Pain -WristPain Muscle Pain Quadriceps Pain Knee Pain Butt Pain -JointPain and many more... Head Pain Hip Pain > Visit
      197 words
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      92 11 Standard Cg Chartered Can a bank balance its ambition with its conscience? We're working harder to create a brighter future for you. Our global guiding principles and ethical banking practices influence everything we do, from the customers we work with to the businesses we finance. By pursuing initiatives such as
      92 words
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  • SME Inc
    • Article, Illustration
      Lock icon Going back to their organic roots
      1393 12  -  The founder of Agri Solutions is fully committed to environmental sustainability, reports STEPHANIE RIADY CHARLTON Kwan did not grow up as an avid advocate of the green movement. Coming from the construction supplies business, the young entrepreneur admits he has never been a particularly
      1,393 words
    • Article, Illustration
      Lock icon Great service separates New Space Architects from the rest of the pack
      983 12  -  By DICKSON LI IN the service industry, the only way to differentiate yourself from your competitors is by offering top-notch service. And at New Space Architects, clients get the royal treatment of being served by senior staff with
      YEN MENG JIIN  -  983 words
    • Article, Illustration
      Lock icon The need to balance the supply chain
      914 13  -  COMMENTARY Business continuity planning is vital to cope with unexpected events which can derail business as seen in Japan on March 11 By JEFFREY SOH The writer is director, South Asia and Pacific Business Unit, Renesas Electronics Singapore Pte Ltd FOLLOWING the catastrophic
      BLOOMBERG  -  914 words
    • Article
      Lock icon Using conflict positively
      346 13  -  ASK NUS PROFS Jayanth Narayanan Department of Management Organisation, NUS Business School Q: A couple of new staff members have just joined my company, and the way they view certain issues are different from the perspective of long-time employees. Both viewpoints are valid, but these differences can
      346 words
    • Article, Illustration
      Lock icon LHub goes from strength to strength
      1234 14  -  NTUC LearningHub has seen its fair share of struggles but has emerged stronger, report CHAN YIK HUNG, CHUA AIK XIN MAO XIHUI WINNING the Enterprise 50 award has not been an easy path for NTUC LearningHub (LHub). LHub was corporatised in 2004, starting out
      FILE PHOTO  -  1,234 words
    • Article, Illustration
      Lock icon Mooreast takes the seas by storm
      1026 14  -  By HENG SHI HUI OLIVIA, TAN WEE LING and TEO CHEE SIONG MOOREAST has once again landed itself a coveted spot in the prestigious Enterprise 50 list in 2010 for the third year running. In fact, its list of accolades includes winning the SME
      ARTHUR LEE  -  1,026 words
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      63 13 Teamwork in Private Bankina dssT- *v.c. ,<>%: ..y. rr m it H -J I m ,w»e VV" 4 v,v > A ■V BSflk Nj. 'f <T-T *-Vv j v For us, private banking means working perfectly together as a team. Also with you: +65 6532 5325 or www.claridenleu.com Clariden Leu
      63 words
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      902 14 >s£ B6ATS NOTICES HU AN CABLE HOLDINGS LTD. (Incorporated in the Republic of Singapore on 26 May 2008) (Comapany Registration No. *****0320N) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING ("EGM") of Hu An Cable Holdings Ltd. (the "Company") will be convened on 16
      902 words
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  • SINGAPORE EXPERIENCE AWARDS
    • Article, Illustration
      Lock icon Building a name for himself
      1086 15  -  Unlisted Collection’s Loh Lik Peng relies more on gut feel, inspiration, and a whole lot of passion, reports NISHA RAMCHANDANI HOTELIER and restaurateur Loh Lik Peng is a man who tends to follow his heart when it comes to business. Still, the former lawyer who
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    • Article, Illustration
      Lock icon Onwards and upwards for MICE industry
      898 15  -  By NISHA RAMCHANDANI WHILE other countries in the region are striving to get a bigger slice of the meetings, incentive travel, conventions, and exhibitions (MICE) pie, Singapore’s experience gives it an edge over the competition, according to Andy Nazarechuk, president of Asia’s largest hospitality
      898 words
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      119 15 This is the third in a 5-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 Attractions, Business Travel and MICE, Dining, Education, Entertainment, Healthcare, Hospitality and Retail are judged
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  • ECONOMY WATCH
    • Article
      Lock icon Central banks selling more US govt debt
      594 16 Move likely made to support weak home currencies, not over US budget deficit Bloomberg NEW YORK International central banks are selling the most Treasuries since the credit crisis began just as institutional investors load up on US government bonds. The Federal Reserve said
      Bloomberg  -  594 words
    • Article
      Lock icon Australian bond prices falling steeply
      369 16 Talk that RBA will lower the high interest rates is fading as confidence rises Bloomberg [SYDNEY] Australian bonds are falling by the most among developed nations outside of Portugal with signs of the country’s economic rebound. Two-year bond yields climbed 42 basis points, or 0.42
      Bloomberg  -  369 words
    • Article, Illustration
      Lock icon UK growth forecast cut to 0.9% despite BOE injection
      387 16 Reuters [LONDON] Britain’s economy has stalled and will grow less than expected this year, despite the Bank of England’s latest injection of £75 billion (S$152 billion) to try to stimulate a faltering recovery, forecasters said yesterday. The Ernst Young ITEM Club,
      Reuters; PHOTO; REUTERS  -  387 words
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      178 16 Last chance to walk the talk of the town! FLAG OFF VIVOCITY WATERFRONT PROMENADE 7.30am, Monday, Nov 7, 2011 (Public Holiday) Only 2,000 places left REGISTRATION Exclusive for Corporate Walkers! Companies whose staff are interested to take part as a group can call 6319-2087 to register at $28 per participant.
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  • MALAYSIA
    • Article
      Lock icon F&N sheds restrictions as Coke deal expires
      495 17  -  Curbs lifted on R&D, sales of beverages; AmResearch bullish on its prospects By S JAYASANKARAN in Kuala Lumpur SEPTEMBER’S close marked a new period in the history of the Malaysian unit of Fraser Neave (F&N): its three-year agreement with The Coca Cola Company
      495 words
    • Article
      Lock icon Semiconductor industry likely to be hit next year
      262 17 [GEORGE TOWN] Malaysia-made automated semiconductor equipment are likely to be priced lower next year due to a projected drop in global spending on semiconductor equipment, according to a report in The Star. This is likely to affect Penang’s manufacture of automated equipment
      262 words
    • Article, Illustration
      Lock icon Proton acts to wind down power windows stigma
      501 17  -  By PAULINE NG in Kuala Lumpur MALAYSIA’S national car maker Proton Holdings is taking steps to resolve one of the biggest bugbears buyers have against its products: its dicey power windows. In a bid to win over naysayers, it will offer a
      501 words
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      4 17 RED-HOT SUBSCRIPTIONDEALS! 30%OFF+AWESOMEGIFTS MENSHEALTH.COM.SG
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      106 17 a GAIN THE ©SINGAPORE WORKFORCE SKILLS QUALIFICATIONS TO BE ON TOP W k /T fL v m I t SHARPEN YOUR WORKFORCE'S COMPETITIVE EDGE To stay ahead of competition, companies need to ensure that their workforce is equipped with the relevant soft skills and technical skills. Investing in the right
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Cash-rich Reliance Ind set to acquire assets overseas
      627 18 Indian giant will find low valuations of oil and gas companies attractive: analysts Bloomberg [NEW DELHI] Billionaire Mukesh Ambani’s Reliance Industries Ltd is poised to use its record cash for overseas acquisitions to take advantage of the cheapest valuations of oil and
      Bloomberg  -  627 words
    • Article
      Lock icon Chinese economy likely up more than 9% in Q3: survey
      542 18 Bloomberg [BEIJING] China’s economy probably grew more than 9 per cent in the third quarter, indicating the nation remains an engine of global growth even as Europe grapples with the sovereign debt crisis and the US recovery falters. Gross domestic
      Bloomberg  -  542 words
    • Article
      Lock icon Two execs of Walmart’s China operations quit
      424 18 Departures come as retailer grapples with pork scandal Reuters [BEIJING] Two executives of Walmart Stores Inc’s China operations, including its head, have resigned for personal reasons, the company said yesterday, the latest setback for the world’s largest retailer in China where it has
      Reuters  -  424 words
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      2546 18 thebusinesstimeswww.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 weekend www.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 the raffles conversation CAREER DIPLOMAT BARRYDESKER 12-13 cheap funds Local banks to slash savings ratesDBS Bank, OCBC DBS Bank and UOB will offer amere 0.05 per cent mere come October, even asHSBC and
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  • WORLD
    • Article
      Lock icon Rio Tinto sells aluminium to focus on iron
      431 19 Plan to sell US$8b of assets meant to offload low margin business: analysts Reuters [MELBOURNE] Global miner Rio Tinto yesterday signalled a major retreat from its aluminium business, putting an estimated US$8 billion worth of assets up for sale across six countries,
      Reuters  -  431 words
    • Article
      Lock icon Thailand hikes minimum wage as firms struggle with floods
      237 19 Reuters [BANGKOK] The Thai government is pushing ahead with a big rise in the minimum wage despite appeals from industry to shelve the plan to help companies cope with financial losses after the worst floods in half a century devastated parts
      Reuters  -  237 words
    • Article
      Lock icon Philips cuts 4,500 jobs as profit plunges
      427 19 Q3 earnings dive on TV unit loss, strong euro, lower margins AP [AMSTERDAM] Philips Electronics, the world’s largest lighting maker, yesterday said it will slash 4,500 jobs after third quarter earnings fell sharply, hurt by a strong euro, weaker margins and more losses
      AP  -  427 words
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      Lock icon THE NEW NUMBER 3
      82 19 Bloomberg, AFP ANDY MURRAY admiring a terracotta statue of himself at the 2011 Shanghai Rolex Masters tournament at the Qizhong Tennis Center in Shanghai last week. The 24-year-old Briton will move ahead of Roger Federer to No 3 in the ATP tennis rankings after winning the
      Bloomberg, AFP; AFP  -  82 words
    • Article, Illustration
      Lock icon Noda revives talk of joining Asia-Pac FTA
      617 22  -  Businesses keen on joining TPP in a bid to offset the impact of a strong yen By ANTHONY ROWLEY in Tokyo JAPAN’S Prime Minister Yoshihiko Noda yesterday hinted that he favours reviving his predecessor’s politically sensitive proposal to seek membership of the Trans-Pacific
      AFP  -  617 words
    • Article
      Lock icon Samsung seeks iPhone 4S ban in Japan, Australia
      467 22 AFP [SEOUL] South Korea’s Samsung Electronics said yesterday it was trying to block the sale of Apple’s newest iPhone in Japan and Australia, escalating a legal battle with the US company after several setbacks. Samsung said in a statement it had filed
      AFP  -  467 words
    • Article
      Lock icon Factory output rises 0.4% in September
      387 22 Increase for third straight month is a sign of slow growth LATEST US DATA AP [WASHINGTON] Factory output rose for a third straight month in September, a sign the US economy is growing slowly. Manufacturers made more aeroplanes, trucks and home electronics to meet
      AP  -  387 words
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      126 19 >' >13 as (MS)(MS) escaognsEss 1.11 jMJiUiJ.il. '■-■v.; 'M W.. -V Mrrrrj TjfflSi)lte3gg@33fll^^ Sole Agent: ii. l®3® Nostalgia @*yollandiRoad ■J** m ■PHp.wpl Virtori a 32ooo /;i3o00 Grand Mansion gEESEEdEegjfl SARASIN From Every Angle we Offer a Distinct Perspective on Wealth. We've spent some 170 years crafting distinctive private banking solutions.
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  • EDITORIAL & OPINION
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      Lock icon ‘Occupy Wall Street’ strikes a chord
      484 20 EDITORIAL THOUGH the Occupy Wall Street movement is just one month old, it has already become a central topic of conversation online and, now (after a brief lag), in the mainstream media too, where it is being compared to the kind of social activism
      484 words
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      Lock icon Wall Street is whining, even after losing its credibility
      819 20  -  THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 AS the Occupy Wall Street movement continues to grow, the response from the movement’s
      819 words
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      Lock icon Towards sustainable and inclusive growth
      913 20  -  Singapore has what it takes to navigate an uncertain external environment successfully By ANOOP SINGH The writer is director, Asia and Pacific Department, International Monetary Fund THE global economy has weakened and its outlook has become increasingly uncertain. Euro area financial turbulence has intensified and
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      Lock icon What the three new US FTAs portend
      1215 21  -  Given Democratic opposition, Obama is likely to shelve any fresh foreign trade initiatives until after the 2012 elections LEON HADAR Washington Correspondent PROPONENTS of global trade liberalisation in Washington and elsewhere are cheering the passage of three longdelayed free-trade agreements (FTAs) in the
      AFP  -  1,215 words
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      Lock icon How CEOs can break bad news
      765 21  -  By DAN ARIELY The writer is a professor at Duke University’s Fuqua School of Business and the best-selling author of ‘Predictably Irrational and The Upside of Irrationality’ A FEW months ago, an ex-stu-dent of mine, who was working for a big software company, asked
      STOCK.XCHNG  -  765 words
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  • Page 22 Advertisements
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      510 22 ©2011 Ernst Young LLP. All Rights Reserved. Financial Reporting Update 2011 Tuesday, 29 November 2011 8:30 a.m. 5:00 p.m. Venue Intercontinental Singapore Bugis Grand Ballroom I II 2nd Level 80 Middle Road Singapore *****6 Registration closes on Tuesday, 15 November 2011 Registration/Enquiries Cherie SY Chan Tel: +65 6309 8297 Fax:
      510 words
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      83 22 Taiwan Photovoltaic Engineering Mission to South East Asia October 31 (Monday) 2011 10:00-13:00 Marina Bay Sands, Convention Center Level 3 (10 Bayfront Avenue, Singapore *****6) Meet with Taiwan Delegates specializing in: Solar Photovoltaic Engineering Service Solar Module Solar Cell Energy Saving Service Equipment LED Lighting Equipment Service Fire-Proof Engineering Materials
      83 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    2799 23 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
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  • SHIPPING
    • Article
      Lock icon German naval base joins ‘supership’ war
      970 24 Aim of JadeWeserPort’s opening next Aug is to stop mega ships from diverting to Rotterdam Bloomberg [HAMBURG] Germany’s chief naval base during two world wars will be transformed into its only deepwater port as part of a 950 million euro (S$1.7 billion) plan to
      Bloomberg  -  970 words
    • Article, Illustration
      Lock icon Benin at centre of piracy fight in West Africa
      624 24 AFP [COTONOU, Benin] The small nation of Benin has found itself on the front lines of an intensifying battle against piracy off West Africa’s coast, with a spike in attacks raising deep concern in the shipping industry. The country of some
      AFP  -  624 words
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      267 24 NOTICE TO TRADE LOWWATERSURCHARGE Singapore/Port Klang to Kolkatta/Haldia and vice versa With the current low water season in Kolkatta, drafts have been cut and this has affected our vessels’ loading. In order to recover the loss in revenue arising from this, a Low Water Surcharge (LWS) of USD 115.00 per
      267 words
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      20 24 Legal I services I 5J required by I services i, i I here in the shippers I Shipping owners Times?
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  • Page 25 Advertisements
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      63 25 le?/avre Connecting Europe k -port A Sj "*4. A New Deal 4 ii ii <£; s DOCKER t °m*s f m LE i L LmK oc I All together for your business 0 CN 1 Z Q_ u c o 'w c3 ~rt -<u <u <u u c o u
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  • AVIATION
    • Article
      Lock icon Economic worries dampen demand for premium seats
      547 26  -  Passengers using first, business class up just 2.3% in Aug, Iata figures show By VEN SREENIVASAN [SINGAPORE] The uncertainty in the global economy and volatility in global financial markets has started hitting airlines’ premium seat demand. According to the International Air Transport Association
      547 words
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      Lock icon Jets, subs lead Korea push for defence exports
      688 26 Bloomberg [SINGAPORE] Armoured vehicles, trainer jets and weapons will be on display this week at South Korea’s biggest aerospace and defence exhibition as the nation works to triple annual military exports by the end of the decade. Daewoo Shipbuilding Marine Engineering Co
      Bloomberg; BLOOMBERG  -  688 words
    • Article, Illustration
      Lock icon Qantas flight turns back after bang heard on board
      457 26 AFP [SYDNEY] A Sydney-bound Qantas flight was forced to turn back to Bangkok after a bang was heard on board, the airline said yesterday, as the carrier separately grounded five aircraft due to a labour row. The “Flying Kangaroo”, which is
      AFP  -  457 words
    • Article
      Lock icon Fury as Air India jet stranded in London
      282 26 AFP [LONDON] Hundreds of air travellers were left stranded on Sunday after an incoming Air India flight was grounded for nine hours at London’s Gatwick Airport by a combination of fog and aviation rules. Police were called onto the Boeing 777 jet
      AFP  -  282 words
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      755 26 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF WOODLEIGH GARDENS PTE LTD (Co. Reg. No. *****3442E) NOTICE OF RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP (Pursuant to Section 290) At the Extraordinary General Meeting of the members of the above-named Company, duly convened and held at
      755 words
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      Lock icon Page 26 Advertisements Column 2
      109 26 Wherever you go, never miss out on the stock market action with ShareInvestor Mobile Download for FREE from Apple Apps store for iPhone, iPad users and Android Market for Android users. Get it now. Scan QR Code with your mobile and learn more about our application.* Android iPhone You will
      109 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      319 26 CRYPTIC CROSSWORD Across 1 Runs in puffed, having caught on (7) 5 The extent of wind around back of shed (7) 9 A bit of appreciation, as always showing such sound quality (5) 10 Chief supports mother wearing corset (9) 11 Recollect alarm in age of administration (10) 12 Cut
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8087 27 Transaction date: Oct 17 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 12 8Telecom 12.5 12.5 15.5 7.8 4.9 2.6 59.9 9.5 4.1 A-Sonic 5 +0.4 313 5.8 4.6 4.8 5.8
      8,087 words
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      Lock icon SGX CATALIST
      1520 28 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 13 t 800 Super 15.4cd +0.9 165 15.4 14.9 14.1 15 4.7 3.6 6 27.5 5.5 2.5 t AA Grp 2.5 2 2.8
      1,520 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      10108 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.13/ APS Alpha Fund (USD)!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.6/ Aberdeen Asset Mgt Asia Limited American Opp 0.5966/ Asian Credit Fund
      10,108 words
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      Lock icon GLOBALQUOTE
      230 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A38 36 46 3.6 9.2 3 99 53 25.5 Genting HK US$ US29 +0.5 ***** 29 28.5 28.5 29 1909.5 18 10 OGL Resources
      230 words
    • Article
      Lock icon SGX ETF
      833 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 122xd +3 5 122 122 118 120 556.9 1261 856 CIMBAsean40 100US$ US975 +29 7 975 969 970 978 39
      833 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 29 In local curr In S$ In US$ dy yr dy yr dy yr Oct 14 Index Change Change Change Change Change Change World Index Preliminary 817.7 0.6 -8.9 -0.3 -8.9 0.9 -7.8 EAFE Preliminary 687.1 0.4 -14.2 -0.2 -12.8 1.0 -11.7 Europe Preliminary 1020.8 1.1
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 29 CRUDE OIL PRODUCTS Oct 14 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.90 3.56 WTI (Near Mth) 87.18 2.66 Dubai (1-Mth F) 105.53 1.90 Tapis blend 120.94 1.82 Minas 114.14 2.02 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.11 1.22 Jet Kerosene 123.45 1.35 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon CHICAGO BOT
      107 29 Oct 14 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 11 1270.00 1257.00 1275.75 1249.00 Jan 12 1278.50 1266.75 1283.75 1258.25 Mar 12 1285.75 1274.00 1290.00 1265.50 May 12 1289.00 1276.75 1291.75 1268.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 11 53.20
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      83 29 Oct 17 Oct 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 19.01.2012 0.26 1-Year BY*****X 02.05.2012 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.54 103.62 103.57 5-Year N*****0W 1.125 01.04.2016 102.61
      83 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      521 29 Oct 17 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4650 0 1089 Mar12 99.3950 0 3578 Jun12 99.3700 0 1151 Sep12 99.3450 0 726 EUROYEN TIBOR FUTURES Dec11 99.6725 0 2179 Mar12 99.6700 0 2378 Jun12 99.6725 0 1470 Sep12 99.6700 0 610 Dec12 99.6700
      521 words
    • Article
      Lock icon SGX FUTURES
      169 29 Oct 17 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Nov 11 426.9 423.9 423.9 2 257 Dec 11 423.3 396 Jan 12 423.0 423.0 423.0 10 237 Feb 12 424.8 148 Mar 12 427.8 242 Apr 12
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    • Article
      Lock icon LONDON METALS
      69 29 Oct 14 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2199.10 2176.25 3 months 2225.00 2207.00 Copper, Grade A (US$/tonne) Cash 7532.50 7293.25 3 months 7545.00 7310.00 Lead (US$/tonne) Cash 2006.25 2021.50 3 months 2026.00 2036.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon LIFFE
      82 29 Oct 14 COCOA (£/tonne) Close Prev High/Low Dec 11 1706 1687 1714/1682 Mar 12 1723 1705 1733/1700 May 12 1738 1722 1748/1718 Jul 12 1751 1738 1760/1735 COFFEE (US$/tonne) Close Prev High/Low Nov 11 2008 1983 2018/1980 Jan 12 2031 2004 2040/2002 Mar 12 2052 2025 2059/2025 May 12
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2006 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 45 52.50 31 ASJ Hldgs W*****1 0.5 1 4 36 6.60 4 AlliedTech W*****2 1.7 1 4 25 Aztech Grp W*****3 0.4 1 20 108
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 29 Oct 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.040 6.589 0.744 8.041 50.425 91.367 0.801 11.775 3.211 1.286 89.511 44.582 1.304 8.053 0.921 31.083 31.681 0.654 1.034 Canada 0.961 6.334
      464 words
    • Article
      Lock icon SIBOR
      82 29 Oct 17 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon PRECIOUS METALS
      144 29 Oct 17 GOLD (US$/oz) Oct 14 Oct 17 Hong Kong 1680.00 1691.00 Oct 13 Oct 14 London 1660.09 1671.39 1661.20 1672.20 Source: Thomson Reuters Source: Reuters CAST BAR Oct 17 (S$) Selling Buying Kilobar 73,363.48 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 164 68 5gm 467 342
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    • Article
      Lock icon PALM OIL
      57 29 Oct 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 11 2898 2864 2913 2864 487 8573 Dec 11 2916 2872 2931 2868 6447 ***** Jan 12 2928 2876 2946 2876 ***** ***** Feb 12 2954 2890
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 29 Oct 17 Open High Sett STI Oct 2778 SIMSCI Oct 314.1 319.4 318.3 Taiwan Oct 260.8 265.5 263.1 Source: MF Global (S) Pte Ltd
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 29 Oct 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3033 1.3044 1.0341 1.0342 Canadian dollar 1.2529 1.2542 0.9941 0.9943 Euro 1.7507 1.7523 1.3891 1.3893 NZ dollar 1.0135 1.0146 0.8042 0.8044 Sterling pound 1.9929 1.9947 1.5813 1.5815
      154 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 29 Oct 17 S$ Bid Offer 1-month 1.2602 1.2613 2-months 1.2602 1.2612 3-months 1.2596 1.2608 6-months 1.2571 1.2586 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 As at 9am Oct 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.334 1.271 Can dollar 1.272 1.224 Euro 1.783 1.715 Sterling pound 2.034 1.956 NZ dollar 1.042 0.993 US dollar 1.282 1.233 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 29 Oct 17 $S Offer Bid 0vernight 0.02 0.01 1-month 3/16 1/16 2-months 3/16 1/16 3-months 1/4 1/8 Overnight mode: 0.15 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.50 0.30 3 months 0.60 0.40 6 months 0.80 0.60 9 months 0.95 0.75 12
      154 words
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      118 29 SMX MARKET UPDATE As on 14 October 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold DEC-11 1684.50 1666.10 1675.80 1668.7 Silver DEC-11 32.255 31.635 32.045 31.675 CURRENCY US Dollar-Jap Yen DEC-11 77.27 76.80 77.13 76.81 Euro-US Dollar DEC-11 1.3884 1.3731 1.3867 1.3758 Aust-US Dollar DEC-11 1.0247
      118 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Britain moves to outlaw squatting in vacant homes
      1216 30 Owners face illegal occupiers locked out of shrinking stock of affordable homes AP [LONDON] Like many young Londoners, 25-year-old Rueben Taylor shares a house in a neighbourhood that’s part scruffy, part smart. Unlike many others, she doesn’t pay a penny in rent
      AP  -  1,216 words
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      Lock icon Chinese banks up mortgage rates
      342 31 Tighter lending for first homes seen freezing market, slowing economy Bloomberg [HONG KONG] At least two Chinese banks increased interest rates on mortgages for first homes, after property prices posted their first monthly decline in a year. China Construction Bank Corp, the nation’s se-cond-biggest by
      Bloomberg; REUTERS  -  342 words
    • Article
      Lock icon AXA, Sumitomo Trust push ahead with property fund
      402 31 Reuters [SYDNEY] AXA Real Estate and Japan’s Sumitomo Trust aim to raise about 15 billion yen (S$246 million) in the first tranche of their new Japanese property fund in coming months, an AXA executive told Reuters, predicting Tokyo office prices are near
      Reuters  -  402 words
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      Lock icon London house prices surge most in two years
      520 32 Asking prices have risen 5.2% from Sept, when they increased 2.4%, says UK property website Bloomberg [LONDON] London home sellers raised asking prices by the most in two years in October, pushing values in the capital to a record. Asking prices rose
      Bloomberg; BLOOMBERG  -  520 words
    • Article
      Lock icon Jones Lang buys S’pore-based DST
      291 32 PROPERTY firm Jones Lang LaSalle (JLL) yesterday said it acquired DST International Property Services as part of a larger move to strengthen its residential footprint in South-east Asia. DST is a Singapore-based property services company established in 1998 to market new and refurbished residential properties
      291 words
    • Article, Illustration
      Lock icon Faber Garden owners seek $830m in en bloc offer
      813 33  -  Dunearn Gardens, Newton Lodge, Dragon Mansion back in market By FELDA CHAY THE en bloc sale scene for residential properties here is seeing three more re-launches, with Dunearn Gardens, Newton Lodge and Dragon Mansion up for grabs again. There is also
      FILE PHOTO  -  813 words
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      298 30 Singapore I savills I A rare hill-top land (23,000 sqft) located in a private cul-de-sac filled with lots of greenery and trees. Unblocked panoramic view of MacRitchie Reservoir. A 2-storey bungalow with a swimming pool. Land: 21,500 sqft/Built-up: 5,000 sqft Enclaves in a serene environment filled with lots of greens
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      176 30 Collective Sale by Tender Last Prime Freehold Residential Site in Newton/Scotts Area Not To Scale. For Reference Only Contact: DTZ Investment Advisory Services Tel: 6293 3228 Site Area 8,866.9 sq m (Approx. 95,442 sq ft) MP 2008 Zoned ‘Residential’ at Plot Ratio 2.8 Tenure Freehold Walking distance to Newton Food
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      124 31 SUMMIT SERVICED RESIDENCES" PREFERRED HOTEL GROUP' a M p m s m *0? v! Here's where you won't be staying Because most of the time, you'll be out. Which is a bit of a shame, as our new serviced residences are perfect for the modern living. But as we're located
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      664 32 /WKV JONES LANG \gJJJ LASALLE* Jones Lang LaSalle Property Consultants Pte Ltd CEA Licence No. L*****26E FOR SALE BY PUBLIC TENDER LARGE FREEHOLD REDEVELOPMENT SITE WITH PANORAMIC VIEWS Island Golf Course Lower Pierce Reservoir Nature Reserve i f 1 I u&f f m TOt mm VIEW FROM REDEVELOPMENT SITE Site
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      52 32 Timberland For Sale All Trees Are Fully Grown,Can Be Logged Sold Immed. Foreign Co. Can Own 100% Shares Country: Malaysia Land Area: 1000 Acres Malaysian Ringgit (RM7.5M) 1 Year Earn Back Cost (RM7.5M) Additional Net Profit (RM9M) 1 1 Year Total Collection I Cash Money (RM16.5M) 9066 7787 LINKVEST PROPERTIES
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  • LEADERS' PERSPECTIVE
    • Article, Illustration
      Lock icon A clear vision and shared values
      1124 34  -  Patrick Imbardelli, CEO of the Pan Pacific Hotels Group, tells UMA SHANKARI about how the group has expanded and its future plans UMA SHANKARI PATRICK Imbardelli, president and chief executive of the Pan Pacific Hotels Group, has been busy since taking over at the
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      197 34 This series is brought to you by WHAT IS THE TRUE MEASURE OF LEADERSHIP? INFLUENCE. The substance of a leader is revealed by the company he keeps. Which is why the BMW 7 Series is the preferred choice of leaders and dignitaries in every country. Because its technologies make it
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