The Business Times, 8 November 2011

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Total Pages: 33
1 34 The Business Times
  • 23 1 THE BUSINESS TIMES online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION S$1.00 CO REGN NO *****2868E MICA (P) 120/08/2011 Tuesday, November 8,
    23 words
  • 1183 1  -  Rise in supply from new launches, govt measures against short-term trading feed new trend By KALPANA RASHIWALA [SINGAPORE] A smaller percentage of private home buyers especially among foreigners who are not permanent residents have turned to the subsale market to make their
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  • 542 1 Fresh speculation of a deal comes amid global resistance to mergers Bloomberg [TOKYO] The shares of Osaka Securities Exchange rallied strongly yesterday as fresh speculation of a takeover move by the Tokyo Stock Exchange Group gathered pace. The surge came after the Nikkei
    Bloomberg  -  542 words
  • 158 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST INDEX 2,848.24 -57.48 KL COMP 1,477.51 -4.31 NIKKEI 225 8,801.40 -249.07 HANG SENG 19,842.79 -176.45 SET INDEX 957.31 -15.87 JAKARTA COMP 3,783.63 -46.33
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  • TOP STORIES
    • 582 2  -  US could make major announcement on the Trans-Pacific Partnership By LEE U-WEN [SINGAPORE] What began just five years ago as a lit-tle-known trade pact between Singapore and three other countries is soon likely to expand significantly with five more members including the United
      582 words
    • 309 2 Industry may grow below 2011, 2012 forecasts due to Europe crisis: world council Bloomberg [MILAN] The global travel and tourism industry may expand slower than previously forecast this year and in 2012 as economic conditions in Europe deteriorate, according to the World Travel Tourism
      Bloomberg  -  309 words
    • 536 2 Subsales lose their pull, especially with foreign buyers A SMALLER percentage of private home buyers especially among foreigners who are not permanent residents have turned to the subsale market to make their purchase this year, compared with the previous property bull-run in 2007, an analysis by DTZ shows.
      536 words
    • 525 4 [ATHENS] Lucas Papademos, a former deputy head of the European Central Bank, was yesterday tipped to emerge as Greek prime minister as political leaders bargained over who will lead a new coalition to push through a bailout before the country runs out
      Reuters; AFP  -  525 words
    • 625 4  -  euHabitat among most popular project for foreigners in Q3: DTZ analysis By KALPANA RASHIWALA [SINGAPORE] Indian citizens stand out among the major nationalities of foreigners and permanent residents buying private homes in Singapore, as they source for their homes predominantly in the
      Source: URA Realis (as of Nov 1, 2011), DTZ Research; Source: URA REALIS (as of Nov 1,2011), DTZ Research  -  625 words
  • Page 2 Advertisements
    • 236 2 Wa'va siiiJatl sstaadiiyirirauy}! iurbulans wdiats. m vim mi nmun r \n\ U'r ir U VJliir LilUiiiBV V >/. II nm i *> v *'>» p M«l L,l > -1 IQMo K i fftl' +nu En j?* iw*. 5S5 ■j- c'Tl b U'T* '->'? <ct, ■Si ajra i p I P°l»
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    • 117 2 Staying on Top of Personal Tax Compliance Seminar workshop on personal taxation employee remuneration reporting 21 November 2011 Starting 2012, the Auto-Inclusion Scheme for employment income will be extended to employers with 20 (presently 30) or more employees on a compulsory basis. With 2011 drawing to a close, employers have
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  • Page 3 Advertisements
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  • SINGAPORE MARKETS
    • 792 6 Oil prices up as ECB announces surprise interest rate cut; gold edges higher COMMODITIES AFP [LONDON] Commodity prices mainly fell last week with market sentiment dominated by a eurozone debt crisis that overshadowed a shock interest rate cut by the European Central Bank and drop
      – AFP  -  792 words
    • 475 6 CURRENCIES Bloomberg [BANGKOK] South Korea’s won and Indonesia’s rupiah led declines in regional currencies on concern that Europe’s lingering debt crisis will damp demand for Asian exports. China will report this week that overseas shipments climbed 16.1 per cent from a year earlier
      – Bloomberg  -  475 words
    • 293 6 COMPANY MEETING PLACE DATE TIME Chemoil Energy E Ocean 2, Level 2 Pan Pacific Singapore 7 Raffles Boulevard, Marina Square Singapore *****5 09-Nov 10.30am Fabchem China E 39 Fishery Port Road, Jurong Singapore *****5 10-Nov 10.30am Keppel Land E Marina Bay Sands Expo And Convention Centre Level 3,
      293 words
    • 401 6 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of East Asia
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    • 1523 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Cap Ind REIT 2.00 2.00 2 9.15 10.60 1.32 0.98 Amtek Engg 2.00 2.00 5 0.10 5.62 1.03 0.65 ARA Asset Mgt 1.71 1.71 7
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    • 4 6 WEEKLY
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    • 66 6 Nov 4 VALUE CLOSE BT OB/OS 404.00 +256.0 BT CADI -*****.00 +125.0 BT 10-day MA -*****.00 +40.00 FTSE ST Mid Cap 627.83 +6.94 FTSE ST Small Cap 425.08 +2.32 FTSE ST All Share 682.65 +8.57 FTSE ST China Top 197.11 +2.48 FTSE ST China 235.73 +3.38 FTSE
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    • 61 6 VOLUME MDR W*****5 503,493,000 Golden Agri 349,202,000 Genting SP 331,210,000 Noble Grp 289,325,000 MDR 224,962,000 SingXpress R 194,919,000 S i2i 186,180,000 PSL Hldgs 186,135,000 Yangzijiang 112,987,000 HPH Trust US$ 103,005,000 VALUE($) Genting SP 567,867,063 UOB 471,617,228 DBS Grp 444,398,566 Noble Grp 443,930,630 Keppel Corp 416,102,776 SingTel 327,640,144
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    • 112 6 BY CENTS CLOSE UP GLD 10US$ ***** 174.7 0.8 OCBC Bk 5.1%NCPS 100 ***** 120.0 1.1 DBXT STGLDv100 10US$ 2643 119.0 3.7 IS DJ US Tech 6627 107.6 1.3 JSH 3140 102.5 2.6 DBXT S&P Short 10US$ 4220 87.3 1.7 OCBC Bk 4.5%NCPS 100 ***** 80.0 0.8 DBXT CSI300
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    • 117 6 BY CENTS CLOSE DOWN DBXT E50 10US$ 3666-398.7 -7.9 IS S&P500 *****-334.1 -2.0 DBXT MSEurope 10US$ 4231-308.8 -5.5 DBXT MSJAP 10US$ 3453-202.5 -4.4 DBXT SPASX200 10US$ 3294-193.7 -4.4 DBXT FTVietnam 10US$ 2309-170.9 -5.5 UOB.ES.1111 1616-134.0 -7.7 Lyxor Europe 10 US$ 1104-130.4 -8.5 UOB 1643-106.0 -6.1 JMH 5161 -89.9 -1.4
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    • 5 6 WEEKLY
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  • COMPANY NEWS
    • 738 8  -  Exercise discipline in rebalancing; take up tactical investing, say investment pros By EMILYN YAP THE buy-and-hold investment strategy has been under attack lately as stock markets lurch from peak to trough and back again in a matter of weeks. And yet,
      FILE PHOTO  -  738 words
    • 645 8 rowers this year. Bloomberg [SINGAPORE] Hong Kong companies are issuing a record amount of bonds in Singapore dollars as Europe’s debt crisis boosts relative yields on securities denominated in the US currency, enhancing the city-state’s appeal as a rival financial centre.
      rowers this year. – Bloomberg  -  645 words
    • 635 9 Reech Aim opens S’pore office, starts Asia fund Bloomberg [TOKYO] Reech Aim Group, the European alternative asset management group founded by Christophe Reech, plans to expand its business in Asia after opening an office in Singapore and starting a new hedge fund
      Bloomberg  -  635 words
    • 739 9 Bloomberg [NEW YORK] Speculators reduced wagers on higher commodity prices for the first time in four weeks on mounting concern that Europe’s failure to contain its debt crisis will slow economic growth and demand for raw materials. Money managers cut combined net-long positions
      – Bloomberg  -  739 words
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  • SINGAPORE NEWS
    • 760 10  -  Business leaders too focused on variable costs; politicians fixated with election By MALMINDERJIT SINGH ENTREPRENEURS and politicians have become pre-oc-cupied with short-term objectives and that has caused the economic and financial turmoil in the present world, believes a leading educator and entrepreneurship champion. According
      760 words
    • 322 10  -  By MALMINDERJIT SINGH PATRICK Molle will be resigning from his position as president of French business school EM Lyon and moving to Singapore next year to start the World Entrepreneurship company. Unlike the World Entrepreneurship Forum, which Mr Molle initiated and is
      322 words
    • 1041 10 Payment Ex Books Pay Ann (cts) date close date date 800 Super Hldgs ak 0.550 28-Oct 01-Nov 17-Nov 10-Oct Ace Achieve Infocom bo 0.400 28-Oct 01-Nov 18-Nov 19-Oct AIMS Amp Cap I Reit ag 2.500 18-Oct 20-Oct 07-Dec 07-Oct Amtek Engg an 5.500 04-Nov 09-Nov 22-Nov 26-Aug Ascendas
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  • Page 10 Advertisements
    • 623 10 w, WATd NJOTir^F^ W J I I jil www.cats.com.sg/notices POLLUX PROPERTIES LTD. (Incorporated in the Republic of Singapore on 12 August 1999) (Company Registration Number: *****4729G) NOTICE TO WARRANTHOLDERS ADJUSTMENTS TO WARRANTS The Board of Directors (the "Board" or "Directors") of Pollux Properties Ltd. (the "Company") refers to the announcements
      623 words
    • 682 10 gg £SfiJtSI££PR&H] £g HAFARY HOLDINGS LIMITED HjjS Incorporated in the Republic of Singapore 9jE Company Registration Number *****8637C NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at 8 Wilkie Road #03-08 Wilkie Edge Singapore *****5 on Wednesday, 23
      682 words
    • 1 10 GETITNOW
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  • SME Inc
    • 914 11  -  SPN comes up with HDD-contamination solution. By JASLENE PANG HOME-GROWN SPN International might just have a solution for the hard disk drive (HDD) industry’s perennial problem of micro-contamination. It has come up with the world’s first nano-coating technology that tackles contamination issues. Jeff Chan, SPN chief
      ARTHUR LEE  -  914 words
    • 1022 12  -  Piling firm KH Foges is also in no hurry to get a public listing because it has adequate funding and bank facilities By By JONATHAN CHEE, ONG WEE SERN and TAI LEE YU THINK KH Foges Pte Ltd is a European company, or has at
      FILE PHOTO  -  1,022 words
    • 478 12 ASK NUS PROFS Q: Is it really that important to have gender diversity on company boards? How exactly does gender diversity help? Joey A: There is increasing convergence around the idea that more diverse boards are more effective and responsive. Boardroom diversity is not limited to
      478 words
    • 1074 14  -  Katrina Holdings’ recipe for growth is to serve up seven different dining concepts that target different segments of the market By By THERESIA CUDORI, DANIEL LING and CHRIS WENG WALK around Clarke Quay in search of exotic cuisine and you are greeted by row after
      FILE PHOTO  -  1,074 words
    • 836 15  -  Rotating Offshore Solutions focused on niche markets with fewer competitors, to its advantage By By CHEN YUHONG, NG LI QIN and TAY SIANG BOON ANDY IT’S through the university of “hard knocks” that offshore support company Rotating Offshore Solutions (ROS) realised what all customers want:
      ARTHUR LEE  -  836 words
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    • 442 13 TOSHIBA Leading Innovation Toshiba recommends Windows® 7. TOSHIBA eco st v |f Toshiba Group contributes to the sustainable future of planet Earth. J? AWARD 2011 Notebook-size PC Section Top Prize GfK ENERGY STAR EPEAT.Gold rated in Winning BCN Award for No. 1 in unit sales of Notebook PCs that have
      442 words

  • Page 14 Advertisements
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  • Page 15 Advertisements
    • 439 15 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CHISELHURST GREEN PTE LTD Co. Reg. No. *****9546N (IN MEMBERS’ VOLUNTARY LIQUIDATION) Extract of the minutes of Corporate Representative at the Extraordinary General Meeting of a member of Chiselhurst Green Pte Ltd, convened and
      439 words
    • 336 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 SSH-PHOCEENNE JV PTE. LTD. (Registered in Singapore) (Co. Reg. No: *****5425W) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 4 November 2011, the following resolutions were duly passed: 1. SPECIAL RESOLUTION -WINDING-UP That
      336 words
    • 356 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AMTEK INDUSTRIES PTE LTD Company Registration No. *****5397W MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to have been held at 1 Kian Teck Drive, Singapore *****8 on 2 November 2011, the following resolutions were duly passed:
      356 words
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    • 465 15 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SCA CREATIVE GROUP PTE. LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****5261Z) NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed Company, which is being wound
      465 words
    • 188 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MAZATLAN SHIPPING PTE LTD Company registration no. *****4625H (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of the
      188 words

  • ECONOMY WATCH
    • 299 16 Execs confident that economy has skirted recession Bloomberg [MONTERREY] Capital spending at US companies from Apple Inc to 3M Co is at the highest level since 2008 as upgrades to plants, property and equipment show some executives embracing the likelihood that the
      – Bloomberg  -  299 words
    • 617 16 Growing demand shows investors still worried about global economy Bloomberg [NEW YORK] The US Federal Reserve is finding no shortage of demand for the short-term bonds it’s selling to focus on longer-matu-rity debt, a sign that the strength in the economy
      Bloomberg; AP  -  617 words
  • Page 16 Advertisements
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  • Page 17 Advertisements
    • 209 17 Ultra-Deepwater Stars Jurong Shipyard and valued partner Seadrill proudly celebrate the milestone double naming of ultra-deepwater semi-submersibles West Capricorn and West Leo by Ms Evelyn MacLean and Mrs Claudia McDade on November 5 th Poised for stellar performance, these new stars in Seadrill's fleet are designed with capabilities for ultra-deepwater
      209 words

  • MALAYSIA/INDONESIA
    • 1827 18/19 VOL Nov 4 RM +/-(‘000) A M Realty 0.46 0.04 147 Abric Bhd 0.33 0.01 31 Advance Synerg 0.20 0.01 ***** Adventa Bhd 1.65 unch 38 Ae Multi Hldgs 0.28 0.04 1676 Affin Holdings 2.91 0.06 239 Ahmad Zaki Res 0.68 0.01 240 Aic Corp 1.29 unch 0
      1,827 words
    • 600 18/19 Domestic spending, private investment stay buoyant despite global slowdown Reuters [JAKARTA] Indonesia posted steady growth of 6.5 per cent in the third quarter on buoyant domestic spending and private investment, and it showed few signs of slowing despite a weakening global economy. Bank
      – Reuters; REUTERS  -  600 words
    • 373 18/19 Reuters [SHANGHAI] Groupon’s Chinese daily deals business Gaopeng said yesterday it had sold counterfeit luxury watches by accident and will compensate its irate buyers in its latest struggle in expanding in the potentially lucrative market. The joint venture between Groupon and China’s top
      – Reuters  -  373 words
    • 593 18/19  -  Consumer market seen doubling to US$4.8t by 2020, second only to US By JULIE ZHU EJ Insight WHILE Chinese companies are keen to acquire assets overseas, foreign companies have also shown great appetite for expanding into the world’s most populous market, said the
      – EJ Insight  -  593 words
    • 341 18/19 AFP [NEW DELHI] Indian researchers said yesterday that they were close to developing an “electronic nose” to sniff out tuberculosis on the breath offering rapid diagnosis that could save hundreds of thousands of lives. The “E-Nose” is a battery-operated, hand-held unit, similar to
      AFP  -  341 words
  • Page 18/19 Advertisements
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  • WORLD
    • 516 20 Buyers miss deadline to wrap up deal for 60% of Pan American Energy Reuters [HONG KONG] BP’s US$7 billion deal to sell its stake in South America’s Pan American Energy has collapsed because of legal issues, the would-be Chinese and Argentine buyers
      Reuters  -  516 words
    • 437 20 [MOSCOW] Russia is seeking a “significant increase” in the weight of developing nations in the International Monetary Fund after pledging to contribute to the euro region’s bailout. Russian President Dmitry Medvedev met IMF managing director Christine Lagarde in Moscow yesterday after Russia had
      Bloomberg; AFP  -  437 words
    • 495 21 Factory orders drop 4.3% in Sept, led by 12.1% plunge in euro-area demand Bloomberg [FRANKFURT] German industrial production fell three times more than economists forecast in September as Europe’s debt crisis damped confidence and growth, threatening to drag Europe’s largest economy into recession.
      Bloomberg; REUTERS  -  495 words
    • 436 21 Deal ends weeks of debate between the ruling parties of taxes for inflation. Reuters [BERLIN] German Chancellor Angela Merkel’s coalition agreed plans yesterday to reduce taxes by six billion euros (S$10.5 billion) starting in 2013, in a deal which ends weeks of
      of taxes for inflation. – Reuters  -  436 words
    • 574 22 Bus services hit but train systems still running; commercial districts remain dry Reuters [BANGKOK] Floodwater encircled two industrial estates in the east of Bangkok yesterday and closed in on the centre of the capital, disrupting bus services, although mass transit train systems were still running
      Reuters; REUTERS  -  574 words
    • 578 22 It also plans to balance budget by 2016 in bid to protect credit rating AFP [PARIS] France unveiled a se-ven-billion-euro (S$12 billion) austerity package yesterday and plans to balance its budget by 2016 as President Nicolas Sarkozy seeks to protect its credit rating ahead of
      AFP  -  578 words
    • 381 22 AFP [LISBON] Officials from the EU, International Monetary Fund and European Central Bank arrived in Portugal yesterday to review progress in its debt bailout after calls for the terms of the rescue to be relaxed. The officials will spend two weeks assessing “the work
      – AFP  -  381 words
    • 205 23 AFP [GENEVA] Football’s governing body Fifa said yesterday that it has lifted a ban on Myanmar’s participation in the 2018 World Cup, but that a fine imposed over the violence wrought by the Asian state’s supporters stays. A 2014 World Cup qualifier
      AFP  -  205 words
    • 479 23 But it’s unclear if the closed daily had dug up anything tained information. Reuters [LONDON] Prominent Islamic militants in London were targeted by a private investigator working for Rupert Murdoch’s now-closed News of the World (NOW) tabloid, according to data obtained by Reuters.
      tained information. – Reuters  -  479 words
    • 224 23 Bloomberg [TOKYO] Japanese Emperor Akihito, who sits atop the world’s oldest hereditary dynasty, was admitted to a Tokyo hospital for bronchitis on Sunday, the Imperial Household Agency said in a faxed statement. “The Emperor has had a fever, and was admitted at the University
      – Bloomberg  -  224 words
    • 564 23 Stakes in industrial, commercial firms soar 62%, overtaking financial, consumer Bloomberg [NEW YORK] Warren Buffett’s Berkshire Hathaway invested US$23.9 billion in the third-quarter, the most in at least 15 years, as he accelerated stock purchases and broadened the portfolio beyond consumer and
      Bloomberg  -  564 words
  • Page 20 Advertisements
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  • Page 22 Advertisements
    • 1189 22 WATS NOTICES XPRESS HOLDINGS LTD (Company Registration No. *****2058Z) (Incorporated in Singapore with limited liability) NOTIcE Of ANNuAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Xpress Holdings Ltd (“the Company”) will be held at No. 1 Kallang Way 2A, Communications Techno Centre, Singapore *****5, on
      1,189 words
    • 540 22 [«iATii NOTICES Notice to Creditors The undersigned company is going to strike off. Creditors are given a notice to make a claim 14 days from the publication of this notice with the company. All claims not so made within the time periods set forth will be forever barred. Hipco Pte
      540 words
    • 448 22 In the Matter of the Companies Act, Cap. 50 And In the Matter of ASIASTAR CAPITAL PTE LTD (In Members’ Voluntary Liquidation) (Company Reg. No. *****3989C) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the above-named company duly convened and held at 29 Leonie Hill, #19-04
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  • Page 23 Advertisements
    • 33 23 For us, private banking means having the ambition to exceed expectations. Also yours: +65 6532 5325 orwww.claridenleu.com Clariden Leu Ltd., Singapore Branch, Singapore Clariden Leu SWISS PRIVATE BANKING SINCE 1755 Registration No. T05FC6718B-PTE-01
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  • EDITORIAL & OPINION
    • 510 24 EDITORIAL DID last week’s G-20 summit in Cannes represent a failure by heads of the world’s leading advanced and emerging economies to provide leadership at a time of crisis, as has been widely suggested, or did it constitute the overall victory that President Nicolas Sarkozy
      510 words
    • 1001 24  -  Businesses should tap the strengths of social media, but be aware of the limitations By MARK DIXON The writer is the CEO ofRegus, a workplace solutions provider HOW does one distinguish between a fad and a social or business transformation? And in which
      AFP  -  1,001 words
    • 763 24  -  THE BOTTOM LINE ROBERT SAMUELSON a formula for rising strife and economic stagnation. The Washington Post Writers Group THE global economy is faltering, and no country has assumed leadership in organising recovery. There is a loss of control, a vacuum of power.
      a formula for rising strife and economic stagnation. – The Washington Post Writers Group  -  763 words
    • 986 25  -  Eurozone’s creation was an attempt to meet the needs of globalising elites while circumventing the people’s interests LEON HADAR Washington Correspondent THERE was a time during the booming 1990s when Tom Friedman’s theses seemed to make a lot of sense. For example, when the New York
      REUTERS  -  986 words
    • 1104 25  -  By PHILIP POOLE THE plan that emerged in the early hours of Oct 27 was about as much as we could have hoped for. It is definitely short on detail and potentially also on firepower but in its broad thrust,
      Source: HSBC Global Research  -  1,104 words


  • AVIATION
    • 548 26 Higher revenue per passenger mile would offset high fuel prices: airline Reuters [DUBLIN] Ryanair raised its 2011 profit forecast by 10 per cent yesterday, saying that higher revenue per passenger mile would offset stubbornly high fuel prices. Europe’s largest budget airline said that it
      Reuters  -  548 words
    • 1020 26 Bloomberg [WASHINGTON] Lockheed Martin Corp won the F-35 Joint Strike Fighter programme in the wake of the Sept 11, 2001, attacks when US B-52 bombers were pummelling the Taliban and Pentagon spending was unleashed. Ten years and US$66 billion later, the aircraft is still in
      – Bloomberg; REUTERS  -  1,020 words
    • 440 26 Dubai Aerospace set to switch orders to smaller 777 planes Bloomberg [SEATTLE] Boeing Co may lose the sale of 10 jumbo-jet freighters with a list value of US$3.3 billion as lessor Dubai Aerospace Enterprise Ltd seeks to shift the order to the
      – Bloomberg; AP  -  440 words
    • 472 26 Reuters [DUBAI] Saudi King Abdullah on Saturday ordered the establishment of an independent civil aviation authority and put its head in charge of the board of Saudi Arabian Airlines, a move that could help speed up privatisation of the national carrier. The decision came as
      – Reuters  -  472 words
  • Page 26 Miscellaneous
    • 328 26 CRYPTIC CROSSWORD Across 1 Secret doom dogs family (11) 9 Ditch worker for cutting (9) 10 What a warbler might do in source of trout stream? (5) 11 Part of play concerned with court proceedings (6) 12 Spoilt devil given broadcast (8) 13 Hard work plus a new catchphrase (6)
      328 words

  • 2227 27 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
    2,227 words
  • Page 27 Advertisements

  • SHIPPING
    • 751 28 More beginning to use equipment ranging from razor wire to rope traps Bloomberg [WASHINGTON] Pirates may encounter a skunk-smelling water curtain or propeller-tangling ropes the next time they approach a US merchant ship. A warning to turn away may be accompanied by an
      – Bloomberg; AP  -  751 words
    • 343 28 AP [TOKYO] The Chinese skipper of a fishing boat has been arrested in waters off south-western Japan after fleeing the coast guard and being chased down, Japanese authorities said. Zhang Tianxiong was arrested on Sunday about 60km off Japan’s Goto islands in the East
      AP  -  343 words
    • 294 28 Buy to keep up with rivals despite global slowdown hitting AFP [TAIPEI] Taiwan’s Yang Ming Marine Transport Corp plans to order five “mega” containerships despite being hit by the global slowdown as it looks to keep up with rivals, media and an
      AFP  -  294 words
    • 278 28 `SGX '000 Nov 4 S$ +/-Vol CH Offshore 0.38 -0.02 4 Chuan Hup Hldg 0.22 unch 30 Cosco Corp 0.98 0.01 ***** CWT Ltd 1.04 0.01 219 Ezra Hldgs 0.96 0.01 2783 First Ship Lea 0.31 unch 6120 Freight Links 0.06 unch 2328 Grand Banks unch unch 0
      278 words
  • Page 28 Advertisements
    • 27 28 FREIGHT Er FORWARDER i-. i„ urgently needed by shippers Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES
      27 words
    • 34 28 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. THE BUSINESS TIMES SHIPPING TIMES Legal services required by shippers owners Can they find your services here in the Shipping Times?
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  • SINGAPORE STOCKS
    • 8536 29 Week ended: Nov 4 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 12 8Telecom 13.5 12.5 14 7.8 4.5 2.8 64.7 9.5 4.1 A-Sonic 4.6 -0.3 32 5 4.6 4.8 5.8 2.8
      8,536 words
    • 1697 30 52-wks Last Vol Week 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 13.2 15.5 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
      1,697 words
    • 233 30 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A38 35 44 3.6 9.2 3 99 53 25.5 Genting HK US$ US29 -2 ***** 31 27.5 29 29.5 1909.5 15 10 OGL Resources
      233 words
    • 186 30 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 12 2 0 0 0 3 12 2 Manufacturing 51 107 40 8 15 7 59 122 47 Commerce 22 40 13 6 7 0 28 47 13 Tpt/Stor/Comms 10 31 5
      186 words
    • 116 30 Stock name Close Change CapMallsAsia 1.355 CapitaLand 2.730 +0.060 CapitaMall 1.785 CityDev 10.580 +0.320 ComfortDelGro 1.420 +0.005 DBS Grp 12.660 +0.170 F&N 6.110 +0.020 GLP 1.765 +0.050 Genting SP 1.725 +0.030 Golden Agri 0.655 -0.010 Stock name Close Change HK Land 5.030 +0.170 JMH 51.610 +1.430
      116 words
    • 931 30 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 116.2 -1.8 36 118 116.2 117 120 530.4 1261 856 CIMBAsean40 100US$ US987 -24 117 1025 958 974 986 39.5
      931 words
    • 121 30 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 129,739 129,739 569,666 569,666 Manufacturing 920,295 56,077 976,372 997,330 667 997,997 Commerce 655,590 17,580 673,170 822,497 2,033 824,530 Tpt/Stor/Comms 802,766 83,170 885,936 893,623 10,126 903,749 Finance 122,301 70 122,371 1,266,015 14 1,266,029 Construction 286,394 57,509
      121 words
    • 2617 30 Transaction date: Nov 7 HONG KONG Vol HK$ +/-'000 Aeon Stores 17.1 0 8 Angang Steel 5.32 0.32 ***** Anhui Conch 28.6 -0.1 ***** Anhuiexpresswa 4.6 -0.03 1128 Asia Satellite 15.1 -0.08 32 Asm Pacific 87.5 3.65 714 Bank Of E Asia 28.2 0.3 1827 Beida Jade Bir
      2,617 words
  • Page 29 Advertisements
    • 30 29 BREITLING 1884 INSTRUMENTS FOR PROFESSIONALS" TEL. +65 6732 6347 WWW. BREITLI NG.COM J >• U3ERT NITSCH. AIRLINE PILOT. DEEPSEA DIVER. EXTREME RECORD BREAKER. 0 m y o p CHRONOMAT SGD 11,310*
      30 words

  • Page 30 Advertisements
    • 26 30 Insiders’ trades. Brokers’ recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
      26 words

  • FINANCE & COMMODITIES
    • 373 31 In local curr In S$ In US$ dy yr dy yr dy yr Nov 4 Index Change Change Change Change Change Change World Preliminary 831.2 -0.6 -7.4 -1.0 -7.3 -0.6 -6.3 EAFE Preliminary 688.5 0.1 -14.0 -0.2 -12.5 0.1 -11.6 Europe Preliminary 1016.8 -1.0 -13.0
      373 words
    • 107 31 Nov 4 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 11 1212.50 1219.25 1220.25 1211.00 Jan 12 1221.00 1227.25 1231.00 1218.75 Mar 12 1230.00 1236.50 1240.00 1228.00 May 12 1238.25 1245.25 1248.25 1237.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 11 51.87
      107 words
    • 77 31 CRUDE OIL PRODUCTS Nov 4 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.94 1.33 WTI (Near Mth) 94.39 0.12 Dubai (1-Mth F) 106.89 2.38 Tapis blend 118.63 2.72 Minas 112.83 2.72 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.56 1.95 Jet Kerosene 127.90 3.00 US$/barrel Opec Oil
      77 words
    • 81 31 Nov 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 02.02.2012 0.29 1-Year BY*****W 01.11.2012 0.29 0.25 0.24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.32 103.36 103.36 5-Year N*****0W 1.125 01.04.2016 102.37
      81 words
    • 436 31 Nov 7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4750 0 2712 Mar12 99.4000 0 3578 Jun12 99.4050 0 1101 Sep12 99.4100 0 406 EUROYEN TIBOR FUTURES Dec11 99.6700 99.6700 99.6700 99.6700 0 2481 Mar12 99.6675 10 2178 Jun12 99.6700 0 1470 Sep12 99.6675 0
      436 words
    • 128 31 As on 04 November 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METALS GOLD FUT DEC2011 1764.40 1751.00 1755.90 159 SILVER FUT DEC2011 34.715 34.005 34.075 35 CURRENCY AUD-USD FUT DEC2011 1.0357 1.0264 1.0347 2898 EUR-USD FUT DEC2011 1.3870 1.3709 1.3782 9149 GBP-USD FUT
      128 words
    • 169 31 Nov 4 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 11 366.0 364.8 366.0 31 291 Jan 12 366.0 364.5 366.0 28 266 Feb 12 370.6 370.6 369.9 1 201 Mar 12 373.7 373.7 372.9 1 280
      169 words
    • 70 31 Nov 4 Aluminium, 99.7% Aluminium, purity (US$/tonne) Close Previous Cash 2119.25 2124.50 3 months 2140.00 2146.00 Copper, Grade A (US$/tonne) Cash 7852.25 7901.50 3 months 7870.00 7915.00 Lead (US$/tonne) Cash 2027.00 2014.50 3 months 2048.00 2035.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
      70 words
    • 82 31 Nov 4 COCOA (£/tonne) Close Prev High/Low Dec 11 1677 1682 1696/1676 Mar 12 1700 1706 1719/1700 May 12 1714 1721 1734/1715 Jul 12 1729 1737 1748/1733 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1763 1795 1796/1750 Jan 12 1806 1841 1847/1800 Mar 12 1840 1874 1874/1838 May 12
      82 words
    • 2127 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 45 52.50 30 ASJ Hldgs W*****1 0.2 unch 140 1 4 17 18.00 3 AlliedTech W*****2 1.7 1 4 24 Ascendas Reit.ES.1111 203 Aztech Grp
      2,127 words
    • 463 31 Nov 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.052 6.594 0.753 8.073 51.074 93.022 0.811 11.545 3.242 1.308 89.504 44.583 1.316 8.181 0.917 31.202 31.830 0.649 1.039 Canada 0.951 6.267
      463 words
    • 82 31 Nov 4 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      82 words
    • 137 31 Nov 7 GOLD (US$/oz) Nov 07 Nov 04 Hong Kong 1771.50 1764.00 Nov 04 Nov 04 London 1754.39 1754.39 1755.40 1755.40 Source: Thomson Reuters CAST BAR Nov 04 (S$) Selling Buying Kilobar 76,645.17 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 172 71 5gm 487 357 10gm 871
      137 words
    • 57 31 Nov 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 11 3005 3023 3023 3000 102 876 Dec 11 3000 3021 3021 2990 873 ***** Jan 12 2998 3013 3020 2988 8706 ***** Feb 12 3002 3020
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    • 23 31 Nov 7 Open High Sett STI Nov SIMSCI Nov Taiwan Nov 270.1 270.8 269.8 Source: MF Global (S) Pte. Ltd
      23 words
    • 22 31 Nov 4 S$ Bid Offer 1-month 1.2657 1.2667 2-months 1.2656 1.2667 3-months 1.2655 1.2666 6-months 1.2632 1.2647 Source: OCBC
      22 words
    • 154 31 Nov 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3149 1.3171 1.0389 1.0398 Canadian dollar 1.2500 1.2519 0.9876 0.9883 Euro 1.7472 1.7487 1.3804 1.3805 NZ dollar 1.0052 1.0069 0.7942 0.7949 Sterling pound 2.0258 2.0280 1.6005 1.6010
      154 words
    • 121 31 As at 9am Nov 04 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.348 1.284 Can dollar 1.276 1.227 Euro 1.779 1.711 Sterling pound 2.063 1.984 NZ dollar 1.034 0.985 US dollar 1.282 1.233 Local dollars to 100 units of foreign
      121 words
    • 154 31 Nov 4 $S Offer Bid 0vernight 0.02 0.01 1-month 1/4 1/8 2-months 1/4 1/8 3-months 5/16 3/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.55 0.35 3 months 0.60 0.40 6 months 0.80 0.60 9 months 0.95 0.75 12
      154 words

  • PROPERTY
    • 604 32 Number of investors drops 22%, deterred by volatile markets, global uncertainties scrapped in 1983. Reuters, Bloomberg [SYDNEY] Property assets held by Australian listed and unlisted funds slipped 2 per cent to A$301.95 billion (S$397 billion) in 2011 from last year as volatile
      scrapped in 1983. – Reuters, Bloomberg; BLOOMBERG  -  604 words
    • 207 32 Reuters [COLOMBO] Sheraton Hotels and Resorts, the largest Starwood Hotels and Resorts Worldwide brand, will build a hotel in the Sri Lankan capital on land originally offered to a Chinese firm, a government official said yesterday. The island nation’s junior economic minister
      Reuters  -  207 words
    • 313 32 Bloomberg [HONG KONG] The number of used-home transactions in ten of Hong Kong’s biggest private developments fell 42 per cent from a week earlier amid speculation that slowing global economic growth will curb prices. The number of deals on Nov 5 and
      Bloomberg  -  313 words
    • 665 33 Move follows similar easing in autos, but analysts say changes don’t go far enough AP [HAVANA] The lot in teeming Central Havana used to be the neighbourhood eyesore: The shattered ruins of an abandoned building was a breeding ground for mosquitoes
      – AP; AP  -  665 words
  • Page 32 Advertisements
    • 68 32 For Sale by Tender Lok Yang Road (Jurong) Tender Closing: 25 Nov 2011 (Fri), 3pm Veronica Chao (R*****8E) 9111 7775 Chow Kok Seng (R*****6J) 9685 7557 Agency Licence No. L*****36J WAREHOUSING&LOGISTICSSERVICES Warehouse Space (120 7,000 sq ft) Open Storage Space (3,100 25,000 sq ft) Trucking of Haz Non-Haz Chemicals Oil
      68 words
    • 47 32 Gilstead Road Subject Property T h o m s o n L’viv Parkway Novena Hospital Road NovenaMRT Irrawaddy Revenue House R o a dd GoldhillPlaza NovenaMedicalCenter N e w t o n Square 2 NovenaSquare Hotel Royal Moulmein Ro United Square Lincoln Suites R o a d
      47 words
    • 36 32 Business Opportunity*^ Tailor-made structured investments in Canadian agricultural land and/or farming operations. Offers consistant annual returns with tangible appreciating assets, while decoupling from volatile financial markets. Interested parties, please email to pcinlioncity@gmail.com GONDWANA MARKETING PTE LTD
      36 words
    • 68 32 > ***** i».: a n 7000 H sqft EN< Mnrt° AVG ,6000/ designer decor tv™ tro P |ca| $20M. 0n Gre enery, p te |ll Advertise ■ement shown /< ">7' utruai size. DESIGNER DECOR"' Check this out and many other properties in CATS Classified in The Straits Times now BUY
      68 words

  • Page 33 Advertisements
    • 188 33 Henry Park Site for Condo with 1stLevel Shops District 10, Land 99,800 sf; 999 years GPR 1.4, Residential with Commercial at 1ststy Opposite Henry Park Primary School Cold Storage Jelita, Holland Village, etc Potentialfor100aptsof1,000sf,excludingshops Tender Closing on 1 Dec 2011 (Thurs), 2.30pm 6227 6066TenderClosingon1 Dec 2011 (Thurs), 2.30pm angela.lim@credo.com.sg (CEA
      188 words
    • 277 33 WILBY CENTRAL Newly Refurbished Serviced Apartments Studio 2-Bedrooms Modern Decor with High Tech Features 5 minutes' walk to MRT Stations/ Shopping Malls Complimentary shuttle bus service to Orchard Road/Newton/Holland Village Complimentary broadband internet service local calls For more information, visit www.wilbyresidences.com A MEMBER OF TAN CHONG INTERNATIONAL WILBY ESTATE it
      277 words

  • LEADERS' PERSPECTIVE
    • 1160 34  -  CIMB investment banker Mak Lye Mun recalls how he built up the Malaysian bank’s retail business in Singapore from scratch. By MICHELLE TAN SITTING on a plush leather chair in CIMB Bank’s luxurious privileged banking suite, Mak Lye Mun, country head of CIMB Group Singapore and chief
      CIMB  -  1,160 words
  • Page 34 Advertisements
    • 219 34 Performance Motors Limited WHAT IS THE TRUE MEASURE OF LEADERSHIP? PRESENCE. A leader with substance is a leader who intrigues. For he has a unique outlook that defines his mission, vision and eventual success. A quality perfectly mirrored in the BMW 7 Series. Conceived from a relentless desire to perfect
      219 words