The Business Times, 4 November 2011

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Total Pages: 32
1 32 The Business Times
  • 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 Friday, November 4,
    23 words
  • 958 1  - British giant courts Allen Gledhill Allen Overy confirms preliminary talks with elite Singapore firm on possible tie-up By MICHELLE QUAH [SINGAPORE] One of the largest and most established law firms in Singapore could soon be merging with one of the largest and most well-regarded international law firms in the world
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  • 696 1  -  No exit yet as he awaits outcome of confidence vote By NEIL BEHRMANN in London IN a dramatic turnaround, Greek Premier George Papandreou no longer plans to have a referendum on the European Union’s 130 billion euro (S$227.3 billion) bailout of the beleaguered
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  • 141 1 HST INDEX 2,810.04 (-24.71) HST INDEX FUTURES 2,806 (-25) HSIMSCI 321.08 (-3.30) HSIMSCI FUTURES 320.50 (-3.40) FOREX US$ S$ US$ (S$ per US$) 1.282 (US$/S$ per 1.590 2.038 EURO (US$/S$/E) 1.367 1.753 Foreign currency per US$ S$ YEN 78.10 60.90 RM 3.154 2.460 HK$ 7.770 6.062 BAHT 30.83
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  • Page 1 Advertisements
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  • TOP STORIES
    • 356 2 British giant courts Allen Gledhill ALLEN Gledhill, one of the largest and most established law firms in Singapore, could soon be merging with the UK’s Allen Overy, one of the largest and most well-regarded international law firms in the world a development guaranteed to send ripples through a
      356 words
    • 661 2  -  He calls for boost to IMF to ‘backstop the global system’ By ANNA TEO in Cannes CALLING for an “early and decisive solution” to the eurozone crisis, Prime Minister Lee Hsien Loong yesterday urged the Group of 20
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    • 474 2  -  By JAMIE LEE [SINGAPORE] The head of the eurozone bailout fund who has ended his recent Asian tour to persuade China and Japan to invest may visit Singapore early next year, said a spokesman from the European Union yesterday. Klaus Regling,
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    • 607 4  -  Revenue growth flat, operating expenses surge, led by fuel costs Reports by VEN SREENIVASAN [SINGAPORE] If there is one message from Singapore Airline’s latest quarterly and half-year results, it is that the aviation operating environment is getting increasingly tough. The airline reported flat revenue growth
      BLOOMBERG  -  607 words
    • 687 4 THE recent groundings by Qantas and the impending launch of Scoot could boost the fortunes of the long-suf-fering Tiger Airways. In a report on Wednesday, RBS Research suggested that the crisis at Qantas could prompt Australian regulators to take a more expansive look
      687 words
    • 390 4  -  By MICHELLE QUAH [SINGAPORE] The 220 investors who collectively lost $18 million when the DBS High Notes 5 structured product went belly up in 2008 have expressed their disappointment in the Court of Appeal’s decision on Wednesday to dismiss their claim against
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    • 520 4  -  By GRACE LEONG [SINGAPORE] Two court rulings issued this week one in Singapore and the other in New York involving Singapore investors of DBS High Notes 5 and Morgan Stanley’s Pinnacle Notes respectively couldn’t have turned out more differently. But they
      520 words
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  • COMPANY NEWS
    • 799 6  -  Net interest margins at DBS, OCBC and UOB narrow in Q3, squeezing profits By CONRAD TAN BANKS here reported a mixed bag of results for the third quarter, illustrating the many difficulties that they face in keeping their profits up as Europe struggles
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    • 621 6  -  By SIOW LI SEN OCBC Bank yesterday posted a disappointing 10 per cent fall in third-quar-ter net profit to $513 million due to a surprise trading loss and weak results from its insurance unit. Against the second quarter, net profit was
      ARTHUR LEE  -  621 words
    • 440 9  -  Revenue rises 16.8% to $1.3b, due mainly to delivery of Songa Eclipse rig By JOYCE HOOI SEMBCORP Marine posted a 24.8 per cent drop in its third-quarter profit, from $295.9 million to $222.5 million, yesterday. Revenue, however, saw a 16.8 per cent lift from
      BLOOMBERG FILE PHOTO  -  440 words
    • 317 9  -  By MICHELLE TAN THE Singapore Exchange (SGX) has suspended the membership of MF Global Singapore with immediate effect. In an announcement last night, SGX said it suspended its membership on Singapore Exchange Securities Trading Ltd, Singapore Exchange Derivatives Trading Ltd and Singapore Exchange Derivatives Clearing
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    • 384 9  -  Trust cautious about acquisition prospects due to uncertainties By KELLY TAY PARKWAY Life Real Estate Investment Trust (PLife Reit) yesterday posted a 6.7 per cent rise year on year in distribution per unit (DPU), from 2.25 cents to 2.40 cents, for
      384 words
    • 270 9  -  Its shares close at $1.13, up 19 cents from the IPO price By DOLLY CHIA PARKSON Retail Asia made a strong mainboard trading debut yesterday, with its stock bucking the general market downtrend to rise as much as 25.5 per cent. The counter
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    • 393 10  -  They offer exposure to energy sector, banks in the two markets respectively By JAMIE LEE THE world’s first ex-change-traded funds (ETFs) linked to the Pakistan and Bangladesh markets were listed in Singapore yesterday. The ETFs structured by Singapore’s biggest ETF provider Deutsche Bank will offer
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    • 275 10 At a glance 3 months ended Sept 2011 9 months ended Sept 2011 NET PROFIT (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 OCBC Bk 1718.00 1749.00 -1.8 4164.00 3996.00 4.2 513.00 570.00 -10.0
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    • 424 10  -  Lower contributions from Mena push sales down 36% By MICHELLE TAN WATER-TREATMENT group Hyflux’s net profit dived 34 per cent to $12.6 million for the third quarter ended Sept 30 due to a weaker topline and a higher cost base. Earnings per
      424 words
    • 586 10  - Fair value gain boosts RoxyPacific Q3 net to $13.4m By KALPANA RASHIWALA A FAIR value gain of about $9.6 million arising from the reclassification of Kovan Centre from investment property to development property helped Roxy-Pacific Holdings post a group net profit of $13.4 million for the third quarter ended Sept
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    • COMPANY BRIEFS
      • 35 10 ROTARY Engineering’s profit for third quarter ended Sept 30 dived 30 per cent to $7.2 million on a 25 per cent slide in revenue to $117.3 million.
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      • 66 10 CHIP Eng Seng’s earnings for the third quarter plunged 75 per cent to $24.85 million, “mainly due to the adoption of INT FRS 115, which had resulted in the restatement of share of results of associates for 3Q2010 to $98.4 million as compared
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      • 44 10 JAYA Holdings’ first-quarter net profit fell 79 per to US$4.77 million. Revenue also fell 51 per cent to US$28.5 million due to a large fall in revenue from shipbuilding as a result of fewer vessel sales.
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      • 40 10 UNITED Envirotech’s suffered a 38.7 per cent fall in second-quarter net profit to $3.7 million as finance costs rose and other income fell. Revenue was up 9.6 per cent to $25.22 million.
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      • 72 10 CITYSPRING Infrastructure Trust has announced a post-rights distribution per unit (DPU) of 0.82 cents for the second quarter ended Sept 30, 2011. The DPU for the previous corresponding period was 1.05 cents. The trust said yesterday that it will be distributing a total
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      • 51 10 K1 Ventures narrowed its losses for the fiscal first quarter to $883,000 from $2.16 million a year ago. Turnover slipped 9.4 per cent to $14.99 million. Loss per share for the quarter was 0.04 cent. A year ago, loss per share was 0.10
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      • 65 10 THAKRAL Corp said third-quarter profit rose 19 per cent to $2.86 million despite a 9 per cent decline in turnover to $91.9 million. Thakral also saw an exchange translation loss of $1.5 million during the quarter as a result of the significant weakening
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  • Page 7 Advertisements
    • 5861 7 Joint Announcement By CHT (HOLDINGS) LTD. (Company Registration No. *****) (Incorporated in Bermuda) and YongLeTape Ltd. (Company Registration No. *****) (Incorporated in Bermuda) in relation to the Proposed Voluntary Delisting of CHT (Holdings) Ltd. 1. INTRODUCTION 1.1 Delisting Proposal and Exit Offer. CHT (Holdings) Ltd. (the “Company”) and YongLe Tape
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  • SINGAPORE MARKETS
    • 544 8  -  Europe concerns continue to dominate; selling returns after short-covering STOCKS R SIVANITHY Senior Correspondent ONCE the short-cover-ing is completed, the selling can resume. So it was that the Straits Times Index yesterday duly dropped 24.71 points at 2,810.04, following Tuesday’s 45-point bounce that had
      Source: Bloomberg  -  544 words
    • 4 8 DAILY
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    • 64 8 Nov 3 VALUE CLOSE BT OB/OS 148.00-220.00 BT CADI -*****.00-128.00 BT 10-day MA -*****.00 +15.00 FTSE ST Mid Cap 620.89 -8.06 FTSE ST Small Cap 422.76 -4.55 FTSE ST All Share 674.08 -6.44 FTSE ST China Top 194.63 -3.10 FTSE ST China 232.35 -3.15 FTSE ST Catalist
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    • 59 8 VOLUME Golden Agri 59,610,000 SingXpress R 58,839,000 MDR 50,113,000 Noble Grp 47,472,000 Genting SP 46,278,000 Parkson 35,566,000 Cosco Corp 28,826,000 SMB United 24,092,000 HanKore 24,091,000 S i2i 23,470,000 VALUE($) UOB 146,649,909 DBS Grp 111,875,910 Genting SP 78,334,795 Noble Grp 72,071,700 Keppel Corp 57,033,910 SingTel 51,298,020 OCBC Bk
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 5 0 0 0 5 7 5 Manufacturing 31 57 36 1 8 1 32 65 37 Commerce 15 24 10 0 6 2 15 30 12 Tpt/Stor/Comms 4 22 12
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    • BROKERS’ TAKE
      • 391 8 Nov 3 close: S$1.41 Kim Eng Research, Nov 3 BIOSENSORS reported a 171 per cent y-o-y jump in Q2 FY2012 (year-end March) net profit to US$22.9 million. However, net profit was weighed down by about US$8.0 million of unrealised exchange loss from its Singapore dollar cash holding. Licensing
        Source: Bloomberg  -  391 words
      • 348 8  -  Compiled by JOYCE HOOI Nov 3 close: S$0.61 DMG Partners Research, Nov 3 Hi-P’s Q3 FY2011 Patmi (profit after tax and minority interests) of S$6.5 million (-80.6 per cent y-o-y; -42.5 per cent q-o-q) came in within our expectation as we had factored in the severe margin compression.
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      • 135 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
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    • 119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,292 18,292 77,938 77,938 Manufacturing 172,259 2,550 174,809 162,186 70 162,255 Commerce 115,621 1,899 117,520 153,888 357 154,245 Tpt/Stor/Comms 136,609 10,719 147,328 151,484 951 152,435 Finance 27,842 27,842 321,147 321,147 Construction 34,239 8,366 42,605 9,577
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    • 111 8 Stock name Close Change CapMallsAsia 1.355 -0.020 CapitaLand 2.670 -0.040 CapitaMall 1.785 -0.005 CityDev 10.260 -0.190 ComfortDelGro 1.415 -0.005 DBS Grp 12.490 +0.060 F&N 6.090 -0.030 GLP 1.715 Genting SP 1.695 -0.045 Golden Agri 0.665 +0.005 HK Land 4.860 -0.070 JMH 50.180 -0.240 JSH 29.700 -0.450
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    • 495 8 CURRENCIES Reuters [LONDON] The euro rose in volatile trade yesterday, reversing an earlier fall as political chaos in Greece called into doubt a planned referendum which had been seen threatening a disorderly default and exit from the single currency. Greek Prime Minister George Papandreou spooked
      Reuters; REUTERS  -  495 words
    • 112 8 BY CENTS CLOSE UP DBXT S&P Short 10US$ 4332 52.5 1.0 DBS.ES.1111 1245 31.0 2.6 OCBC Bk 4.5%NCPS 100 ***** 30.0 0.3 DBXT CSI300 10US$ 919 14.1 1.2 Semb Corp.ES.1111 415 11.0 2.7 Hyflux 6% CPS 10 ***** 10.0 0.1 OCBC Bk 5.1%NCPS 100 ***** 10.0 0.1 Great Eastern
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    • 120 8 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 5330-178.1 -2.5 DBXT MSEurope 10US$ 3985-146.1 -2.8 DBXT MSJAP 10US$ 3453-140.9 -3.1 UOB 5.05%NCPS 100 *****-137.0 -1.3 Lyxor Europe 10 US$ 1104-125.6 -8.2 IS DJ US Tech 6410-123.0 -1.5 DBXT E50 10US$ 3457-117.9 -2.6 DBXT Nifty 10US$ *****-112.8 -0.8 DBXT SPASX200 10US$
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    • 5 8 DAILY
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  • SINGAPORE NEWS
    • 521 11  -  Tan Chuan-Jin adds that government is rolling out second phase of campaign Reports by CHUANG PECK MING WITH just two months before the Re-employment Act comes into effect, most employers are already prepared for it, Minister of State for Manpower Tan Chuan-Jin said
      521 words
    • 432 11 WHAT does it take for a mature job seeker to improve his chances of landing a job? Lower your expectations and take a pay cut, according to a study commissioned by the Tripartite Alliance for Fair Employment Practices. “Moderating job expectations appeared to be
      432 words
    • 324 11  -  By MINDY TAN A 99-YEAR-LEASEHOLD residential site at Punggol Central/Edgedale Plains drew a top bid of $215.87 million yesterday, or $330 per square foot per plot ratio (psf ppr). Chinese firm Qingjian Realty (South Pacific) Group trumped four other developers to
      324 words
    • 467 11  -  More than half say they are ‘very confident’ of increased revenue By KELLY TAY EVEN as they acknowledge the disruptive effect that the West’s faltering economies have had on their businesses, chief executive officers from APEC (Asia-Pacific Economic Cooperation) countries say they remain confident that
      467 words
    • 256 11 SOUTH-EAST Asia could save between US$15 billion and US$43 billion a year on energy by 2020 if there is widespread adoption of energy-efficient technologies. However, these savings can only come about if governments legislate firmer energy efficient policies and if there is greater understanding
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    • 337 11  -  They’re less bullish on Europe due to credit, budget woes By LYNN KAN FINANCIAL investors are eyeing clean power-genera-tion projects in energyhungry Asia on expectations that increasing Asian governmental regulation will support their increasing development. Tighter credit and battered governmental budgets in Europe
      337 words
    • 463 11  -  World Entrepreneurship Forum By CHEN HUIFEN RAPID population growth and urbanisation may lead to many complex issues such as overcrowding and rising food prices, but they also present huge opportunities for entrepreneurs and innovators, said Deputy Prime Minister Teo Chee
      463 words
    • 391 11 THE police and Casino Regulatory Authority of Singapore have busted a syndicate believed to be conducting illegal bookmaking activities within the Resorts World Sentosa (RWS) casino. Ten Singaporeans were arrested two women aged 43 and 47, and eight men aged between 21 and
      391 words

  • ECONOMY WATCH
    • 472 12 The rate hit 10.2% in Sept, approaching the highest levels since 1998 Bloomberg [LONDON] The highest unemployment rate since the euro’s debut in 1999 may hamper efforts by the currency’s most indebted nations to reduce deficits, keeping bond yields close to record
      Bloomberg; AP  -  472 words
    • 300 12 Bloomberg [NEW YORK] US investors are adding the most money in 12 months to mutual funds with municipal bonds due in 3-10 years, signalling that the segment’s worst underperformance versus longer-term debt since 2008 may be coming to an end. The
      Bloomberg  -  300 words
    • 368 12 He says move may be needed to lower US unemployment Bloomberg [WASHINGTON] Federal Reserve chairman Ben Bernanke signalled additional monetary stimulus may be needed to lower US unemployment as policy makers projected little acceleration in growth after last quarter’s pickup. Potential actions are
      Bloomberg  -  368 words
  • Page 12 Advertisements
    • 2288 12 W WATd MOTTr P S r~?zi g W B B JL, L J www.cats.com.sg/notices SCINTRONIX CORPORATION LTD. Company Registration No.: *****1719E) (Date of Incorporation: 8 April 1999) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Scintronix Corporation
      2,288 words
    • 418 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ARCSIGHT SINGAPORE PTE. LIMITED (COMPANY NO: *****7444M) (IN MEMBERS’ VOLUNTARY LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting of Arcsight Singapore Pte. Limited signed by the Representative of the Holding Company pursuant to Section
      418 words

  • MALAYSIA/INDONESIA
    • 535 13  -  Tax advantage not enough to make up for lack of support infrastructure By RONNIE LIM [SINGAPORE] Malaysia’s latest bid dangling new tax carrots to become a regional oil trading hub will take many years to achieve, industry officials here
      535 words
    • 376 13 Bloomberg AFP [JAKARTA] Indonesian tin producers have widened a ban on exports, with 26 of the nation’s 32 major producers now backing a moratorium until the year-end to drive up prices, an industry spokesman said yesterday. The ban will likely
      Bloomberg; AFP  -  376 words
    • 455 13  -  Firm had asked for more time to get its house in order By PAULINE NG in Kuala Lumpur CONTROVERSIAL Myemail service provider Tricubes won’t be delisted yet for failing to come up with a plan to put its house in financial order. The embattled Ace
      455 words
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      522 words

  • GREATER CHINA/INDIA
    • 383 14 AFP [HONG KONG] Asia’s largest wine fair kicked off in Hong Kong yesterday, attracting nearly 1,000 wine producers from around the world as the southern Chinese city cements its position as a key international wine hub. The Hong Kong International Wine and
      AFP  -  383 words
    • 321 14 Bloomberg [SHANGHAI] Gap Inc expects China to become a billion-dollar business in three to four years as the largest US apparel chain operator speeds up expansion there, said David Zoba, its senior vice-president for global real estate. The clothing retailer, which has eight stores
      Bloomberg  -  321 words
    • 502 14 China’s services activity in October loses momentum while India’s slumps Reuters Bloomberg [BEIJING] China’s services sector lost momentum in October while India’s shrank for a second month, surveys showed yesterday, revealing the lagged impact of policy tightening and faltering global demand on Asia’s
      Reuters; Bloomberg  -  502 words
  • Page 14 Advertisements
    • 921 14 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 POTESTATES PTE. LTD. (Company Registration No. *****181 OR) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to have been held on 1 November 2011, the following resolutions were duly passed: 1. SPECIAL RESOLUTION -WINDING-UP That
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    • 1112 14 >©>' MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CELLESTIS AP PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****2740M) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of
      1,112 words
    • 33 14 2020 VIS ON SINDA turns 20 and has big plans for the Indian community in the next decade KARISMA’S COMING BACK, SHILPA’S TAKING A BREAK GETYOUR COPYTODAY FROMALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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  • WORLD
    • 310 15 Its export revenue exceeds those of aircraft, cars, farming sectors Reuters [WASHINGTON] US movie, music, software and other industries heavily dependent on copyright protections added nearly US$932 billion to the US economy in 2010, or about 6.4 per cent of total gross domestic
      Reuters  -  310 words
    • 396 15 AFP [NEW YORK] Six weeks after emerging as the public face of widespread discontent with corporate America, Occupy Wall Street has found itself in an unlikely battle over trademark rights. The loosely organised group formed to protest corporate greed and government dysfunction
      AFP  -  396 words
    • 500 16 Italy’s debt is about US$2.5t more than even Germany could absorb NYT Bloomberg [ROME] As if European leaders needed any more motivation to deal with the mounting debt crisis, one fear stands above all others: Italy may be the next Greece, and if
      NYT; Bloomberg  -  500 words
    • 416 16 LATEST US DATA Bloomberg [WASHINGTON] Service industries in the US expanded in October at a slower pace than anticipated as orders waned, a sign the biggest part of the economy is struggling to gain speed, but factory orders for September were
      Bloomberg  -  416 words
    • 620 16  -  By ANTHONY ROWLEY in Cannes EXPECTATIONS were mounting last night that Group of 20 (G-20) leaders meeting here for their summit could agree to a major boost in resources for the International Monetary Fund (IMF) to deal with a possible
      620 words
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  • Page 16 Advertisements
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  • AVIATION/SHIPPING
    • 386 17 Airline had profit of 827m dirhams for the six months ended Sept 30 Reuters [DUBAI] Emirates the Dubai government-owned airline, reported a 76 per cent slump in first-half net profit yesterday, hit by soaring fuel costs and currency fluctuations. The largest customer of
      Reuters; BLOOMBERG  -  386 words
    • 417 17 Reuters [SINGAPORE] Freight rates for capesize dry bulk carriers on key Asian seaborne routes could hit a bottom over the next week on rising Chinese demand for relatively cheap iron ore. For smaller panamax and supramax vessels, rates are expected to
      Reuters  -  417 words
    • 538 17 Reuters [LONDON] Britain should include international shipping emissions in its climate targets to 2050, in an effort to regulate the growing carbon footprint of the sector, a body which advises the government on climate action said yesterday. The government
      Reuters  -  538 words
    • 700 17 Airlines say they could lose 1.2b euros in 2012 Reuters [BRUSSELS] The United Nations body responsible for civil aviation weighed in against the European Union’s emissions trading scheme on Wednesday, increasing pressure on the EU to back down in what threatens to become a
      Reuters  -  700 words
    • 278 17 SGX '000 Nov 3 S$ +/-Vol CH Offshore 0.40 unch 5 Chuan Hup Hldg 0.22 unch 38 Cosco Corp 0.98 -0.05 ***** CWT Ltd 1.03 -0.01 252 Ezra Hldgs 0.95 -0.02 4222 First Ship Lea 0.31 -0.01 5894 Freight Links 0.06 unch 120 Grand Banks 0.30 0.01 10
      278 words
    • 206 17 Reuters [BOAO, China] The global shipping industry is experiencing a downturn that is worse than that seen during the 2008 financial crisis, China’s transportation minister said. Speaking at an industry conference on the Chinese island province of Hainan yesterday, Li Shenglin said there was
      Reuters  -  206 words
  • Page 17 Advertisements
    • 383 17 MAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices WING TAI HOLDINGS LIMITED S$500,000,000 MEDIUM TERM NOTE PROGRAMME NOTICE TO HOLDERS OF S$120,000,000 FIXED RATE NOTES DUE 2015 S$65,000,000 FIXED RATE NOTES DUE 2016 S$60,000,000 FIXED RATE NOTES DUE 2018 RESIGNATION OF EXISTING ISSUING AND PAYING AGENT AND AGENT BANK AND
      383 words

  • EDITORIAL & OPINION
    • 450 18 EDITORIAL CONSUMERS are going online shopping in rapidly growing numbers, wending their virtual way into attractively designed e-commerce portals and websites that offer a compelling shopping experience. Consumer e-com-merce transactions, in Singapore and globally, have ballooned accordingly. With consumer spending currently in such a
      450 words
    • 776 18  - From G-7 to G-Zero the global order is changing THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 WHETHER the deal announced in Brussels last week will actually resolve the current eurozone crisis remains to be seen, but one thing
      776 words
    • 984 18  -  Truly integrated banking market with a common supervisor needed to stabilise euro DANIEL GROS The writer is director of the Centre for European Policy Studies A CENTRAL bank always has a crucial role to play in a financial crisis. But the European Central Bank’s
      REUTERS  -  984 words
    • 1020 19  -  Publication date *****1 Slug lhsuper Voters and investors are waiting nervously for Nov 23 to see if the Joint Deficit Reduction Committee succeeds in its tasku LEON HADAR Washington Correspondent ON NOV 23, the members of Congress who are members of the Joint Deficit Reduction Committee AKA
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    • 903 19  -  NICHOLAS D KRISTOF NYT WHAT if there were a solution to many of the global problems that confront us, from climate change to poverty to civil wars? There is, but it is starved of resources. It’s called family planning, and
      NYT; AFP  -  903 words


  • SINGAPORE STOCKS
    • 7890 20 Transaction date: Nov 3 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 13.5 12 15.5 7.8 4.5 2.8 64.7 9.5 4.1 A-Sonic 4.6 4.7 5.6 2.8 1.7 32.9 65
      7,890 words
    • 1543 21 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 14.2 13.5 14.8 4.7 3.9 5.5 25.4 5.5 2.5 t AA Grp 3 3 3.5 14.3 2.9 200 98
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    • 10069 21 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.18/ APS Alpha Fund (USD)!** 0.93/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.63/ Aberdeen Asset Mgt Asia Limited American Opp 0.6091/ Asian Credit Fund
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    • 230 21 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A38 38 43 3.6 9.2 3 99 53 25.5 Genting HK US$ US29 -1 8561 29.5 28.5 28.5 29 1909.5 15 10 OGL Resources
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    • 857 21 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 116.2 -1.8 6 117 116.2 116.2 120 530.4 1261 856 CIMBAsean40 100US$ US959 -17 25 959 958 970 38.4 *****
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  • FINANCE & COMMODITIES
    • 373 22 In local curr In S$ In US$ dy yr dy yr dy yr Nov 2 Index Change Change Change Change Change Change World Preliminary 823.7 0.9 -8.2 0.7 -7.8 1.2 -7.1 EAFE Preliminary 680.7 0.2 -15.0 0.3 -13.1 0.8 -12.5 Europe Preliminary 1008.5 1.2 -13.7
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    • 77 22 CRUDE OIL PRODUCTS Nov 2 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.01 3.82 WTI (Near Mth) 92.69 1.29 Dubai (1-Mth F) 104.48 1.32 Tapis blend 115.78 2.15 Minas 109.98 2.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.72 1.61 Jet Kerosene 126.75 0.70 US$/barrel Opec Oil
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    • 163 22 Nov 3 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 11 363.9 360.0 363.9 5 363 Jan 12 362.5 358.0 364.0 22 281 Feb 12 366.0 201 Mar 12 369.0 279 Apr 12 378.0 378.0 375.0 10
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    • 69 22 Nov 2 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2105.00 2086.75 3 months 2127.00 2111.00 Copper, Grade A (US$/tonne) Cash 7870.00 7714.50 3 months 7885.00 7730.00 Lead (US$/tonne) Cash 2003.50 1961.75 3 months 2024.00 1982.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • 107 22 Nov 2 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 11 1193.50 1192.25 1208.00 1187.50 Jan 12 1202.75 1202.50 1218.50 1196.50 Mar 12 1212.25 1212.00 1228.00 1207.00 May 12 1221.00 1220.75 1237.00 1215.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 11 50.85
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    • 81 22 Nov 3 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 02.02.2012 0.29 1-Year BY*****W 01.11.2012 0.30 0.25 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 103.31 103.34 103.33 5-Year N*****0W 1.125 01.04.2016 102.34
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    • 442 22 Nov 3 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4850 0 2412 Mar12 99.4300 0 3478 Jun12 99.4300 0 1101 Sep12 99.4350 0 406 EUROYEN TIBOR FUTURES Dec11 99.6750 0 2481 Mar12 99.6725 200 2178 Jun12 99.6750 0 1470 Sep12 99.6725 0 710 Dec12 99.6700
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    • 82 22 Nov 2 COCOA (£/tonne) Close Prev High/Low Dec 11 1654 1629 1660/1630 Mar 12 1680 1654 1684/1654 May 12 1694 1669 1696/1669 Jul 12 1710 1686 1713/1686 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1819 1835 1843/1795 Jan 12 1862 1878 1899/1835 Mar 12 1896 1910 1931/1868 May 12
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    • 2043 22 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 45 52.50 30 ASJ Hldgs W*****1 0.2 unch 140 1 4 17 18.00 3 AlliedTech W*****2 1.7 1 4 24 Ascendas Reit.ES.1111 203 Aztech Grp
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    • 463 22 Nov 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.042 6.493 0.748 7.943 50.596 91.815 0.798 11.580 3.223 1.304 87.992 44.085 1.310 8.245 0.907 30.884 31.508 0.643 1.022 Canada 0.959 6.229
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    • 82 22 Nov 3 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 142 22 GOLD (US$/oz) Nov 03 Nov 02 Hong Kong 1732.10 1739.20 Nov 02 Nov 01 London 1737.59 1701.30 1738.50 1702.30 Source: Thomson Reuters Source: Reuters CAST BAR Nov 03 (S$) Selling Buying Kilobar 76,337.01 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 171 71 5gm 486 356 10gm 867
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    • 57 22 Nov 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 11 2980 2985 2985 2980 63 1013 Dec 11 2943 2976 2979 2937 1788 ***** Jan 12 2940 2976 2978 2934 9386 ***** Feb 12 2944 2981
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    • 21 22 Nov 3 Open High Sett STI Nov 2806 SIMSCI Nov 323.0 324.4 320.5 Taiwan Nov 270.0 272.7 263.3
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    • 154 22 Nov 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3094 1.3110 1.0219 1.0224 Canadian dollar 1.2562 1.2577 0.9804 0.9808 Euro 1.7519 1.7534 1.3673 1.3674 NZ dollar 1.0040 1.0061 0.7836 0.7846 Sterling pound 2.0370 2.0390 1.5898 1.5901
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    • 22 22 Nov 3 S$ Bid Offer 1-month 1.2813 1.2823 2-months 1.2813 1.2823 3-months 1.2812 1.2822 6-months 1.2791 1.2806 Source: OCBC
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    • 121 22 As at 9am Nov 03 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.344 1.28 Can dollar 1.282 1.233 Euro 1.787 1.719 Sterling pound 2.076 1.997 NZ dollar 1.032 0.983 US dollar 1.302 1.252 Local dollars to 100 units of foreign
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    • 154 22 Nov 3 $S Offer Bid 0vernight 0.02 0.01 1-month 1/4 1/8 2-months 1/4 1/8 3-months 5/16 3/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.35 0.20 1 month 0.45 0.25 2 months 0.55 0.30 3 months 0.60 0.40 6 months 0.80 0.60 9 months 0.95 0.75 12
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  • Page 22 Advertisements
    • 128 22 SMX MARKET UPDATE As on 02 November 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METALS GOLD FUT DEC2011 1741.60 1722.90 1729.90 235 SILVER FUT DEC2011 34.355 33.290 33.960 91 CURRENCY AUD-USD FUT DEC2011 1.0368 1.0241 1.0264 2925 EUR-USD FUT DEC2011 1.3823 1.3693 1.3746 9571 GBP-USD FUT
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  • 4383 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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  • Page 23 Advertisements
    • 28 23 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? KLINE BSA To All Shipping Advertisers: Please call Joe Wong at 9620 1327
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  • Page 24 Advertisements
    • 25 24 Shipping lines seeking reliable laaisliss partners FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? IRE BUSINESS TIMES
      25 words

  • executive lifestyle
    • 2352 25  -  Whether it’s ale, lager, stout or wheat beer, the ground is sweet for customised nectar that makes heady inroads at the grassroots level, reports CHRISTOPHER LIM DESPITE the 10 microbreweries here and mass-brewed beer being a staple of every local coffee shop, artisanal beer is
      PHOTOS: VALLE, WOK&BARREL, THE DRINKING PARTNERS, THE GOOD BEER COMPANY  -  2,352 words
    • CINEMA
      • 517 26  -  By NATALIE KOH WHEN comedians Ben Stiller and Eddie Murphy are thrown in together for a comic heist film, you can be sure that you’re in for a thigh-slapping treat. Sure enough, Tower Heist comprises 104 joke-filled minutes, which almost makes it worth watching, even if its story
        517 words
      • 674 26  -  Local filmmaker Gilbert Chan had a few spooky encounters of the ghostly kind after filming at night in the forests for the army horror movie, 2359, reports DYLAN TAN DYLAN TAN DIRECTOR of local horror film 2359, Gilbert Chan encountered a couple of real-life scares while
        PHOTOS: THOMAS TONG  -  674 words
      • 507 26  -  By DYLAN TAN THERE’S something old-fash-ioned about the new George Clooney film, The Ides of March, right down to the title which hints at an impending Greek tragedy. The only gimmick might be the pairing of Clooney and current Hollywood heartthrob Ryan Gosling but
        PHOTOS: CATHAY KERIS FILMS  -  507 words
      • 589 26  -  By GEOFFREY EU WITH his choirboy looks and air of uneasy calm about him, Ryan Gosling makes for a versatile actor who can play anything from a neo-Nazi to a social outcast with a thing for inflatable dolls withequalconviction–andhehas.InDrive,asu-per-stylish, super-stylised movie about a nameless Hollywood stunt driver
        AP  -  589 words
    • ARTS
      • 784 27  -  Filipino artist Geraldine Javier parlays skeletons, stuffed animals and blood-like elements into a work of macabre beauty, reviews MADHVI SUBRAHMANIAN reviews MADHVI SUBRAHMANIAN LIFE and death may be two sides of the same coin but death fascinates us far more. Thesubject’sallurewasevidentrecently when the world saw the
        PHOTOS: VALENTINE WILLIE FINE ART  -  784 words
    • MUSIC/ARTS
      • 715 28  -  Prog rock, which started in the 1960s to elevate rock to rarefied artistic levels but which fell into a time-warp, now gets a booster shot, reviews CHRISTOPHER LIM reviews CHRISTOPHER LIM EVOLVING a band’s sound is a tricky thing. Change it too much and you alienate
        YES  -  715 words
      • Article, Illustration
        568 28  -  By DYLAN TAN JUDGING from the stellar show that David Foster and his musical guests performed on Wednesday, it’s difficult to imagine the last leg of his Hitman tour has been running into all sorts of unexpected trouble over the past week. Just last Monday, the Bangkok floods
        568 words
      • 680 28  -  By NATALIE KOH WHEN The Necessary Stage (TNS) first put up Gemuk Girls three years ago, it blew audiences and critics away, receiving critical acclaim and winning three awards at the Life! Theatre Awards. And now, with the cast armed with more life experiences, TNS is bringing it
        THE NECESSARY STAGE  -  680 words
      • 492 28  -  DVD REVIEW By CHRISTOPHER LIM IT’S hard to regret difficult choices once you see a string of beautiful consequences unfold from them. If only we could always peek into the future before swallowing bitter pills. Flowers is about how the choice of a Japanese woman, Rin, in
        492 words
    • ARTS
      • AROUNDTOWN
        • 140 30  -  Compiled by NATALIE KOH CELEBRATING the beauty of Indonesia’s nature, Beauteous Rainforests by Indonesian artist I Nyoman Tulus brings out the artist’s love of the majestic landscapes of tropical rainforests. Using vibrant colours that light up his paintings, Tulus combines car-toon-like images with realistic ones, bringing together traditional
          140 words
        • 211 30 WHETHER you’re a long-time fan of Swedish foursome ABBA or not, you’ll be sure to enjoy ABBA Mania, which makes its return to Singapore next weekend. The cast was last here in 2008, but this time, it’s going to be held at the Marina Bay Sand Grand
          211 words
        • 153 30 EXPERIMENTAL series, Decimal Points, is back with a second show, 0.01. Conceived by David Lee, 0.01 combines dance, performance and visual design to create an imaginary world that is tragic as it is fantastic. It depicts a quest for perfection that is ever elusive, as a
          153 words
        • 157 30 AFTER years of being based in New York and Paris, local photographer, Yian Huang, returns home for an exhibition that shows off his distinctive style that depicts people connecting and communicating with each other. Aptly named the intimate moment, the exhibition showcases Yian’s collaboration in Paris with
          157 words
      • 827 30  -  The beloved comic-strip hero is feted in stamps here, reports CHEAH UI-HOON reports CHEAH UI-HOON JUST before Steven Spielberg’s film on Tintin hits the big screens here, fans of Belgium’s most famous comic character can view his adventures portrayed within the perforated edges of stamps at
        PHOTO OF STAMP: SINGAPORE PHILATELIC MUSEUM  -  827 words
      • 511 30  -  By NATALIE KOH IF you missed the inaugural culinary and lifestyle event, Asian Masters, this January, or attended, but sorely craved its gourmet food tastings, workshops and gala dinners, don’t fret because it’s back this month for another round of gastronomic activities that are sure to
        511 words
    • FESTIVALS AROUND THE WORLD
      • 1023 31  -  Jakarta is hosting its annual Europe on Screen film festival this month with the theme Old and Young. By STEPHANIE RIADY Stephanie Riady is a freelance writer Brought to you by Ascott INDONESIA’S political and financial capital, Jakarta, is well-known to the outside world for
        Brought to you by Ascott  -  1,023 words
    • WINE
      • 515 32  -  By JEFF GORDINIER NYT “You feel transported,” Adam Gopnik said, moments after easing into a red banquette at La Grenouille, the Gallic grande dame on East 52nd Street that made its debut a few weeks after the Cuban missile crisis. “This is a
        NYT  -  515 words
      • 1167 32  -  To grasp what lies at the heart of Burgundy red and white wine, start with the Village-level wines of each producer, writes N K YONG I MENTIONED earlier in this series that a Burgundian grower produces several wines often from different Appellations. We are familiar with the concept
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  • Page 27 Advertisements
    • 197 27 T n, sue* The Card Players by Paul Cezanne, c.1890-1895, Oil on canvas RMN (Musee d'Orsay) Herve Lewandowski Crl I < ,N y; f <?">> We find beautiful ways to expand your perspective. At HSBC, we believe that when you see beyond your boundaries, you see new realities. As an
      197 words


  • Page 29 Advertisements
    • 52 29 Power lunch at one of over twenty restaurants. Take a moment to indulge the breathtaking view of Marina Bay. Rejuvenate your wardrobe with renowned men's fashion brands. Let The Shoppes at Marina Bay Sands enhance the look of sophistication you deserve. THE SHOPPES AT nr MARINA BAYSA SINGAPORE MarinaBaySands.com/Shoppes ASIA'S
      52 words

  • Page 30 Miscellaneous
    • 328 30 CRYPTIC CROSSWORD Across 1 Discharge from army as protest is breaking into bad blood (10) 6 Busy person with loud complaint (4) 9 Having sung a glee not entirely free to talk again (5) 10 Taoism’s foremost philosopher collected things before match (9) 12 Skill working two boats round southern
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  • Page 31 Advertisements
    • 160 31 NOW DEFINING GLOBAL LIVING IN INDONESIA F 1 m 36 m'i From the spacious exclusivity and refinement of Ascott to the vibrancy of independent city-living at Citadines, or the pampering touches for the family at Somerset, there is an Ascott serviced residence designed to make you feel at home. Because
      160 words

  • Page 32 Advertisements
    • 29 32 There are journeys that turn into legends. Bahamas Islands. 10:07 Follow Sir Sean Connery on louisvuitton.com Sir Sean Connery and Louis Vuitton are proud to support The Climate Project.
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