The Business Times, 11 November 2011

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Microfilm: NL31700
Total Pages: 37
1 38 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Friday, November 11,
    23 words
  • Article, Illustration
    Lock icon DBS takes banking back to its post office roots
    673 1  -  Basic banking services at all SingPost branches, cash bag deposits for corporates at 4 By SIOW LI SEN [SINGAPORE] The relationship between post offices and banks has come full circle. And for those nostalgic for the Post Office Savings Bank of
    THE STRAITS TIMES FILE PHOTO  -  673 words
  • Article
    Lock icon MARKETS DIGEST
    142 1 HST INDEX 2,786.90 (-71.76) HST INDEX FUTURES 2,786 (-72) HSIMSCI 316.84 (-7.97) HSIMSCI FUTURES 317.30 (-6.00) FOREX US$ S$ US$ (S$ per US$) 1.295 (US$/S$ per 1.591 2.061 EURO (US$/S$/E) 1.352 1.750 Foreign currency per US$ S$ YEN 77.70 60.00 RM 3.154 2.435 HK$ 7.780 6.008 BAHT 30.87
    142 words
  • Article
    Lock icon Peter Lim raises $2b toast to healthcare in JB
    768 1  -  Investor strikes deal with Johor royal family to develop medical hub, mall By LYNN KAN [SINGAPORE] He has zipped from football clubs to sports cars and now, back to hospital beds once again. Singapore billionaire investor Peter Lim has inked a
    768 words
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      128 1 EXHIBITION/ AUCTION The Elephant Parade hits town PAGE 36 SPOTLIGHT ON STEEL The industry, the players working together for the future PAGES 19-23 CORPORATE RESULTS CityDev Q3 profit down 32% PAGE 4 8 '*****1 *****4 lL GE'ii^P Creator of dreams LA BISE COLLECTION Automatic. 18K Rose gold with diamonds AVAILABLE
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      11 1 Box sets for the bon vivant EXECUTIVE LIFESTYLE I PAGE 33
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  • TOP STORIES
    • Article
      Lock icon European market breathes easier after Italian auction
      762 2  -  But fear remains as Italian debt yields command a 14-year high By NEIL BEHRMANN in London THE European market panic subsided after a relatively successful Italian debt auction, albeit at the highest yields since the inception of the euro in 2000. The market,
      762 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon DBS takes banking back to its post office roots
        61 2 THE relationship between post offices and banks has come a full circle. DBS Bank yesterday said it will offer basic banking services at all SingPost branches. The move will scoop the competition as DBS extends its network to 140 outlets, a
        61 words
      • Article
        Lock icon Peter Lim raises $2b toast to healthcare in JB
        43 2 SINGAPORE billionaire investor Peter Lim has inked a $2 billion deal with the Johor royal family to transform a 10-ha waterfront site in Johor Baru into a medical hub and marina city. FRONT PAGE
        43 words
      • Article
        Lock icon European market breathes easier after Italian auction
        67 2 THE European market panic subsided yesterday after a relatively successful Italian debt auction, albeit at the highest yields since the inception of the euro in 2000. The market, however, is still fearful and an informal survey showed that three quarters of respondents would
        67 words
      • Article
        Lock icon CDL posts 32.4% drop in Q3 profit
        55 2 CITY Developments Ltd, which posted a 32.4 per cent year-on-year drop in third-quarter net profit to $132.1 million, said it will preview the first phase of a new 99-year-leasehold condo in Pasir Ris this weekend at an average price of $870 per square
        55 words
      • Article
        Lock icon SingTel Q2 earnings dip 1.2% to $882m
        36 2 SINGAPORE Telecommunications’ second-quarter earnings disappointed as regional associates dragged down group net profit 1.2 per cent to $882 million from $892 million a year ago. COMPANY NEWS, PAGE 6
        36 words
      • Article
        Lock icon Genting S’pore Q3 bad debt provisions raised to $56.9m
        74 2 GENTING Singapore grew its net profit in the third quarter but its move to increase bad debt provision on fears that tighter credit in China could hurt VIP gaming volumes regionwide took centrestage at its earnings call with analysts. For the
        74 words
      • Article
        Lock icon China’s export growth slows to 15.9% in Oct
        56 2 CHINA’S export growth fell in October amid weak European and US demand but its trade surplus with the United States widened, possibly fuelling frictions with Washington. Exports rose 15.9 per cent to US$157.5 billion, still robust but down from September’s 17.1 per
        56 words
      • Article
        Lock icon US trade deficit posts a surprise 4% fall in September
        56 2 THE US trade deficit unexpectedly narrowed in September to the lowest level this year as exports surged to a record high. The shortfall shrank 4 per cent to US$43.1 billion from a revised US$44.9 billion in August that was smaller
        56 words
    • Article
      Lock icon Genting COO now upbeat on junkets
      285 2  -  He hopes licences will be granted in the next few months By GRACE LEONG [SINGAPORE] A top Genting Singapore executive has revealed that he is more upbeat about the possibility of junket operators getting licensed in Singapore over the next few months. “In the
      285 words
    • Article, Illustration
      Lock icon Doctor’s fees a ‘commercial matter’
      776 2  -  Susan Lim’s lawyer argues high fees not a medical issue By JAMIE LEE [SINGAPORE] The high medical fees charged by Susan Lim for her work with a royal patient from Brunei is not a matter of inquiry for the Singapore Medical Council’s (SMC) disciplinary committee,
      776 words
    • Article, Illustration
      Lock icon Noble stumbles on poor Q3 results
      706 2  -  Its shares plunge, CEO quits; group’s future uncertain By FELDA CHAY [SINGAPORE] Noble Group’s share price nosedived yesterday on news of its first quarterly loss in 14 years and the resignation of its chief executive officer. The commodities player’s stock closed at $1.18, down
      Source: Bloomberg  -  706 words
    • Article, Illustration
      Lock icon CDL posts 32.4% drop in Q3 profit
      790 4  -  Developer to preview first phase of its new Pasir Ris condo this weekend By KALPANA RASHIWALA [SINGAPORE] City Developments Ltd (CDL), which posted a 32.4 per cent year-on-year drop in third-quarter net profit to $132.1 million yesterday, will preview the first phase of
      790 words
    • Article
      Lock icon US dollar surges against Asian currencies
      450 4  -  It soars to highest level against Sing$ in over a month By EMILYN YAP [SINGAPORE] The US dollar climbed against Asian currencies yesterday hitting its strongest level against the Singapore dollar in more than a month as the spreading eurozone debt crisis sent investors
      450 words
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      29 words
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      1497 3 yf V 'OH TIONG CHOO! o years ovment th 1950-2010 Anniversary Poh Tiong Choon Logistics LOGlSfiCS 1»-S:^«ilS0-¥-(Message Ms Grace Fu Hai Yien Senior Minister of State, Ministry of Information, Communications and the Arts Ministry of the Environment and Water Resources Singapore has achieved remarkable political and economic success since its
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      182 4 MACAU T IH IE RIGHT M II X O F BUSINESS LEISURE r a ■lAMfstaj -f. Tk "55 <•.■■>-■ TO tma Macau is Asia's newest and most exciting destination for meetings and incentives with billions of dollars worth of new infrastructure underway. Nowhere in Asia has there been so much
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      17 4 35%off* Enjoy a la carte menu at Yantra Famousforitsaward-winningIndiancuisineandoneofSingapore’s finestrestaurants,YantracelebratesTheBusinessTimes'35th anniversarywithanexceptionaldealof35%off*yourtotalalacartebill. *ValidSundaystoThursdays.Discountisapplicabletofoodmenuonly. THEBUSINESSTIMES th Anniversary Diningdeals BesuretogetacopyofTheBusinessTimesWeekendtomorrowformoredetails.
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      217 5 True power and efficiency comes from more than just the engine. Congratulations to the Audi ultra on winning the VinaCapital Hong Kong toVietnam Race 2011 a first-ever for a Singaporeregistered yacht, with a 26-strong crew comprising 12 of Singapore’s most promising young sailors. Change the game with the all-new, aluminium
      217 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SingTel Q2 profit dips 1.2%
      494 6  -  Regional associates drag down group net profit to $882m from $892m By LYNN KAN SINGAPORE Telecommunications’ (SingTel) secondquarter earnings disappointed as its regional associates dragged down group net profit 1.2 per cent to $882 million from $892 million a year ago. Earnings per share eased
      BLOOMBERG  -  494 words
    • Article
      Lock icon Oceanus warns of red Q3 due to abalone loss
      340 6  -  By LYNETTE KHOO OCEANUS Group shares took a hit yesterday after the company warned that millions of abalones on its farms had died and that it could face losses for the third quarter ended Sept 30. The abalone supplier mentioned “a
      340 words
    • Article
      Lock icon K-Reit gains nod to buy Ocean Financial Centre, despite dissent
      566 6  -  EGM WATCH By UMA SHANKARI K-REIT Asia’s plan to buy 87.5 per cent of Ocean Financial Centre (OFC), and raise $976 million through a rights issue to fund part of the cost, was approved by shareholders yesterday but not without
      566 words
    • Article, Illustration
      Lock icon Genting S’pore Q3 bad debt provisions raised to $56.9m
      929 7  -  Casino operator’s profits rise 12% to $210m; revenues grow to $802m By GRACE LEONG GENTING Singapore grew its net profit in the third quarter but the casino operator’s move to increase its bad debt provision on fears that tighter credit in
      FILE PHOTO  -  929 words
    • Article
      Lock icon GLP’s Q2 earnings more than double to US$201m
      350 7  -  By FELDA CHAY THE completion and stabilisation of projects in China, foreign exchange gains and a sharp increase in the fair value of investment properties helped Global Logistic Properties (GLP) to more than double its secondquarter net profit from a year ago.
      350 words
    • Article
      Lock icon SATS Q2 profit slips 11.3%
      653 9  -  Profit at $40m on $424m revenue; group continues to fight food inflation By VEN SREENIVASAN AIRPORT services giant SATS Ltd posted a $40.1 million net profit attributable to shareholders for the second quarter ended Sept 30, down 11.3 per cent from $45.2 million a year
      653 words
    • Article
      Lock icon APB’s FY2011 net rises 29.9%
      335 9  -  By KELLY TAY ASIA Pacific Breweries (APB) registered a 29.9 per cent year-on-year rise in net profit, from $263.1 million to $341.7 million, for the full year ended Sept 30 (FY2011). It also proposed a final dividend of 63 cents per share (FY2010: 52 cents)
      335 words
    • Article
      Lock icon Petra Foods Q3 net profit rises 34.4%
      352 9  -  By CARINE LEE PETRA Foods Limited yesterday posted a net profit of US$13.8 million for the third quarter ended Sept 30, representing a 34.4 per cent rise from US$10.27 million a year ago. Slightly above analysts’ estimates, the improved earnings came despite a
      352 words
    • COMPANY BRIEFS
      • Article
        Lock icon FJ Benjamin profit up 19.1% in Q1
        57 9 LUXURY goods retailer FJ Benjamin Holdings’ net profit for the first quarter ended Sept 30, 2011, rose 19.1 per cent to $3.81 million from a year ago. Its turnover climbed 16 per cent to $95.96 million, with increases seen in the major markets
        57 words
      • Article
        Lock icon China Aviation posts 23.6% jump in Q3 net
        88 9 JET fuel trader China Aviation Oil (Singapore) Corporation reported that its net profit for the third quarter of 2011 rose 23.6 per cent from a year ago to US$17.02 million. Revenue grew a robust 73.4 per cent to US$2.41 billion due to
        88 words
      • Article
        Lock icon United Engineers profit surges in Q3
        100 9 UNITED Engineers has posted group net profit of $159.8 million for the third quarter ended Sept 30, 2011, up from net earnings of $11.9 million in the same period last year. Revenue increased from $142.2 million in Q3 last year to $739.8 million in
        100 words
      • Article
        Lock icon Courage Marine posts US$3.4m Q3 loss
        39 9 COURAGE Marine posted a net loss of US$3.42 million for the third quarter ended Sept 30, against a net profit of US$812,000 a year ago. Turnover fell 33 per cent to US$5.7 million.
        39 words
    • Article
      Lock icon TA Corp launches IPO at 28 cents a share
      435 10  -  Property and construction group to raise $27.6m in net proceeds By KELLY TAY CONSTRUCTION and real estate development company TA Corporation Ltd yesterday launched its initial public offering (IPO) for a Singapore Exchange mainboard listing. The group’s 122 million invitation shares,
      435 words
    • Article
      Lock icon WPM profit surges 13.1% in Q3
      505 10  -  By MICHELLE TAN WORLD Precision Machinery (WPM) posted a third-quarter net profit of 42.4 million yuan (S$8.6 million), up 13.1 per cent from last year on the back of a stronger top line and expects to issue a dividend for the current financial year.
      505 words
    • Article
      Lock icon Straco’s Q3 profit falls 17% to $9.5m
      344 10  -  By VEN SREENIVASAN MAINBOARD-LISTED Straco Corporation, which develops and operates tour-ism-related assets in China, including the Shanghai Ocean Aquarium, posted a third-quarter profit of $9.53 million. The figure was down 17 per cent from the $11.51 million for the July-Septem-ber period last year.
      344 words
    • Article
      Lock icon Goldman Sachs raises US$1.1b from sale of ICBC shares
      318 10 Bloomberg [LONDON] Goldman Sachs Group Inc has raised US$1.1 billion selling shares of Industrial Commercial Bank of China Ltd, trimming an investment first made in 2006 after the stock posted its biggest monthly rally in two-and-a-half years. Goldman Sachs sold 1.75
      Bloomberg  -  318 words
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      602 6 J< JK TECH HOLDINGS LIMITED (Company Registration Number: *****0813H) (Incorporated in the Republic of Singapore on 28 October 2003) PLACEMENT OF 10,000,000 PLACEMENT SHARES AT S$0.20 FOR EACH PLACEMENT SHARE, PAYABLE IN FULL ON APPLICATION APPLICATION RESULTS The Board of Directors of JK TECH HOLDINGS LIMITED (the "Company") is pleased
      602 words
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      80 7 www.vw.com.sg fjt Passat CC VIP sale Very Incredible Prices offered on our four-door coupe. To make room for our new model, we are offering the Passat CC at incredibly low prices. So now there's never been a better time to enjoy streamlined performance. Hurry down to Volkswagen Centre Singapore today,
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      17 7 Energy all day long! Cordyceps Lingzhi power cocktail For Energy Immunity 6281 5688 or 6757 4403 www.gnc.com.sg
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Italy becomes the latest Euro worry
      612 8  -  ST Index drops in tandem with regional markets such as Hong Kong, though European markets saw a mild bounce STOCKS R SIVANITHY Senior Correspondent IF IT’S not Greece, it’s Italy. Worries over the state of Italian finances yesterday sent regional stocks diving the Hang
      Source: Bloomberg  -  612 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 Nov 10 VALUE CLOSE BT OB/OS -201.00-280.00 BT CADI -*****.00-260.00 BT 10-day MA -*****.00 -20.00 FTSE ST Mid Cap 615.80 -13.58 FTSE ST Small Cap 417.82 -7.34 FTSE ST All Share 668.39 -16.49 FTSE ST China Top 190.82 -5.54 FTSE ST China 224.64 -7.93 FTSE ST Catalist
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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 3 11 1 0 0 0 3 11 1 Manufacturing 23 87 30 2 4 9 25 91 39 Commerce 4 33 11 1 2 3 5 35 14 Tpt/Stor/Comms 7 24 7
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Singapore Airlines
        530 8 Nov 10 close: $11.11 DMG PARTNERS SECURITIES, Nov 10 DURING SIA’s H1 analyst briefing, its management continued to provide a grim near-term outlook but stated that it is not pushing the panic button yet. It is continuing with the expansion of its fleet and sticking to its guided
        Source: Bloomberg  -  530 words
      • Article
        Lock icon Xinren Aluminum
        339 8  -  Compiled by LYNETTE KHOO Nov 10 close: $0.295 DBS VICKERS, Nov 10 Q3 FY11 results in line with our estimates: Xinren Aluminum registered revenues of 1.48 billion yuan (-7.2 per cent y-o-y), gross profits of 147 million yuan (-15.9 per cent y-o-y) and net profits of 95 million
        339 words
      • Article
        Lock icon Glossary:
        122 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,
        122 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,552 24,552 100,568 100,568 Manufacturing 199,034 13,587 212,621 235,193 83 235,276 Commerce 513,212 1,789 515,001 644,253 256 644,509 Tpt/Stor/Comms 127,408 24,814 152,222 174,026 2,084 176,111 Finance 21,336 21,336 215,614 215,614 Construction 32,255 5,293 37,548 9,216
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 8 Stock name Close Change CapMallsAsia 1.330 -0.020 CapitaLand 2.640 -0.020 CapitaMall 1.750 -0.040 CityDev 10.250 -0.380 ComfortDelGro 1.405 -0.005 DBS Grp 12.590 -0.310 F&N 6.090 -0.140 GLP 1.710 -0.070 Genting SP 1.685 -0.020 Golden Agri 0.660 -0.010 HK Land 4.610 -0.300 JMH 52.850 -0.620 JSH 31.950
      114 words
    • Article, Illustration
      Lock icon Euro hits one-month lows as Italian debt woes mount
      579 8 CURRENCIES Reulers [LONDON] The euro fell to one-month lows yesterday as investors such as hedge funds stepped up selling on mounting concerns that a spike in Italian borrowing costs could eventually lead to a disorderly break up of the eurozone. Investors
      Reulers; REUTERS  -  579 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Noble Grp 436,739,000 Genting SP 65,837,000 Golden Agri 65,477,000 LippoMalls R 31,667,000 Midas 28,830,000 Olam 27,420,000 Yangzijiang 23,596,000 CNMC 23,285,000 NOL 22,078,000 MDR W*****5 21,800,000 VALUE($) Noble Grp 529,499,805 Genting SP 109,383,790 UOB 92,388,196 Wilmar 91,967,718 Keppel Corp 77,542,680 Olam 66,945,000 DBS Grp 65,073,290 SingTel 65,048,340
      57 words
    • Article
      Lock icon RISES
      117 8 BY CENTS CLOSE UP DBXT AUDMM 5SG$ ***** 206.0 0.8 DBXT AUD Bonds 5AU$ ***** 172.0 0.8 DBXT S&P Short 10US$ 4294 147.6 2.7 DBS Bk 4.7% NCPS 100 ***** 48.0 0.5 Lyxor AsiaIT 10US$ 2346 35.0 1.2 Lyxor AsiaFN 10US$ 2517 25.9 0.8 Straits Trdg 300 19.0 6.8
      117 words
    • Article
      Lock icon FALLS
      112 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-916.5 -6.5 Lyxor AsiaMT 10US$ 5358-534.6 -7.2 DBXT MSKorea 10US$ 5131-464.7 -6.5 IS S&P500 *****-428.5 -2.6 DBXT E50 10US$ 3367-247.2 -5.4 IS DJ US Tech 6485-236.9 -2.7 GLD 10US$ *****-231.7 -1.0 DBXT FTChina25 10US$ 2722-191.6 -5.2 DBXT MSAsExJp 10US$ 2830-169.6 -4.4 JSH
      112 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      671 9 B1 Commercial LLLLL 13,110 sq feet built in JERRY LUM Snr Marketing Director, MBA, CES CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ft* ERA Estate Agent Licence No L*****82K When You Buy, Sell, or Rent JJBRA GROUP LIMITED LIBRA GROUP LIMITED (Company Registration No.: *****2364R) (Incorporated
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      1086 10 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
      1,086 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Door controls maker Dorma opens R&D hub
      406 11  -  The German firm will pump in $10m here over the next four years By DOLLY CHIA GERMAN high-end door controls maker Dorma will be investing $10 million in Singapore over the next four years, the company announced at the opening of its new
      406 words
    • Article, Illustration
      Lock icon Big car COE premium continues to rise
      348 11  -  By SAMUEL EE THE COE premium for big cars continued to surge to a level not seen since the late 1990s but the small car category stayed flat in yesterday’s first bidding exercise of November. A Category A certificate of entitlement for cars
      FILE PHOTO  -  348 words
    • Article
      Lock icon Stolt-Nielsen’s $350m Jurong Island facility commences operations
      462 11  -  By RONNIE LIM THE first phase of StoltNielsen’s planned $350 million petrochemicals tankfarm investment here gets off the blocks officially today amid increased investor buzz on Jurong Island. The Norwegian group’s new facility, operated by subsidiary Stolthaven Terminals, has started up with an
      462 words
    • Article
      Lock icon 44 winners unveiled at Prestige Brand Award
      193 11 FORTY-FOUR winners were unveiled at the Singapore Prestige Brand Award (SPBA) 2011 yesterday, following rounds of judging and deliberation over more than 100 submissions. The award, jointly organised by the Association of Small and Medium Enterprises (Asme) and Lianhe Zaobao, recognises successful brands
      193 words
    • Article
      Lock icon HPB hikes grant to boost workplace health at SMEs
      329 12  -  It aims to double the proportion of firms with health programmes to 80% By LYNN KAN TO make workplace health a greater priority among small and medium enterprises (SMEs), the Health Promotion Board (HPB) is increasing the quantum of its Workplace
      329 words
    • Article
      Lock icon Sims Drive/Aljunied Rd site up for tender
      164 12 THE Urban Redevelopment Authority (URA) yesterday released the detailed sales conditions for the industrial site at Sims Drive/Aljunied Road. The land parcel is made available for application under the Reserve List of the 2nd half 2011 Industrial Government Land Sales Programme, as announced
      164 words
    • Article, Illustration
      Lock icon Room for watch market to grow here
      381 12  -  By ARTHUR LEE SINGAPORE’S watch imports increased by 22 per cent from $1.7 billion in 2009 to $2.08 billion last year. Exports also saw a 22 per cent increase to $1.92 billion in 2010, according to Vincent Lau, CEO of Thong Sia group,
      ARTHUR LEE  -  381 words
    • Article
      Lock icon Top honours for outstanding designs
      401 12  -  By TEH SHI NING FROM the iconic Marina Bay Sands integrated resort to a tiny component used in household appliances, 10 projects across all design disciplines were named “Design of the Year”, at the President’s Design Award Singapore 2011 ceremony. Two architects Sonny Chan of
      401 words
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      139 11 The only constant is change. We’re going from DnB NOR to DNB. The world is changing and developing.. The markets are changing. Your business is changing. So naturally, we have to change, too. As Norway’s leading bank, we’re constantly improving and adapting to the needs of our clients. Your needs.
      139 words
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      190 12 -J X U CHARITY RUN IN THE CBD Promoting organisations with a heart 19 J Friday, 11 November 2011 4.30pm The Float Marina Bay Guest-of-Honour: Mrs Josephine Teo, Minister of State for Finance and Transport The eighth SGX Bull Charge is raring to go in the name of charity! Join
      190 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Aussie tourism sector in crisis as arrivals fall
      467 13 AFP [SYDNEY] Australia’s ailing tourism industry yesterday warned that it was in crisis, with a 9 per cent slump in arrivals in September due to global economic woes and no relief in sight. There were just 432,200 international visitors to Australia in
      AFP; FILE PHOTO  -  467 words
    • Article
      Lock icon NZ faces rising contagion risks as funding costs climb
      202 13 Reuters [WELLINGTON] New Zealand’s earthquake-hit economy is facing more threats from global market turmoil, with funding costs set to rise at a time when the government has little room to drive domestic demand because of a growing debt burden. The Reserve
      Reuters  -  202 words
    • Article
      Lock icon Japan machinery orders down 8.2% in September
      453 13 Manufacturers see further drop in Q4 on sinking business confidence Reuters [TOKYO] A key gauge of Japan’s corporate capital spending fell more than expected in September and manufacturers expect a further drop this quarter as business confidence sags in the face of the
      Reuters  -  453 words
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      418 13 The Ultimate Garden City Living in Embassy Row, Kuala Lumpur •Tf;;It ft rri i tr*tbi i Jl I < JH5* F> -'1 V -f WW T j? |VK Artist's Impression: Cantilever Viewing Deck THE1 EVER MULTI LEVEL THEMATIC HANGING GARDENS IN MALAYSIA LAGOON PARK A water parkland to enrich living
      418 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Bond rating due to Ling’s letter: witness
      667 14  -  The AAA bonds were used to raise money for the PKFZ project TRIAL OF LING LIONG SIK By Kuala S JAYASANKARAN in Kuala Lumpur A LETTER of support from former transport minister Ling Liong Sik helped garner a premium rating for bonds raised
      THE STAR  -  667 words
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      461 14 ENERGY MARKET AUTHORITY Smart Energy, Sustainable Future Congratulations to the Energy Market Authority The management staff of Diamond Energy Group congratulate the Energy Market Authority on the success of Singapore International Energy Week 2011 held from 31 st October to 4 th November 2011. Diamond® Energy E2 C Energy Market
      461 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China’s export growth slows to 15.9% in Oct
      532 15 Trade surplus widens with US, narrows with crisis-hit EU; imports surge 28.7% AP [BEIJING] China’s export growth fell in October amid weak European and US demand but its trade surplus with the United States widened, possibly fuelling frictions with Washington. Exports rose
      AP  -  532 words
    • Article
      Lock icon Worsening loans deepen India’s economic gloom
      330 15 Moody’s downgrades outlook for banks, Oct car sales fall 24% Reuters [MUMBAI] India’s economic gloom deepened on Wednesday as worsening loan quality at the country’s biggest lender rattled investors, Moody’s downgraded its outlook for banks, and October car sales skidded 24 per cent, their
      Reuters  -  330 words
    • Article
      Lock icon New office to crack down on fake goods
      180 15 Reuters [BEIJING] China will establish a national office to bolster a crackdown on fake products and pirated intellectual property, according to a report by the state-run Xinhua news agency. No other details about the new agency came out of a meeting of
      Reuters  -  180 words
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      217 15 v mk THE RACE WITH A HEART OF GOLD ViSM', iii sLiiHrrfiTP Lriiili w 1 7 s 2 ki 1 f j LONGINES SINGAPORE GOLD CUP SUNDAY, 13 NOV 2011 SINGAPORE RACECOURSE The crown jewel of our local turf, the Longines Singapore Gold Cup and annual Charity Race Day is
      217 words
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      715 16 AN ESTABLISHED PROPERTY AND CONSTRUCTION GROUP TA CORPORATION LTD (Incorporated in the Republic of Singapore on 7 March 2011) (Company Registration No. 201 *****2R) Invitation in respect of 122,000,000 Invitation Shares comprising 113,000,000 New Shares and 9,000,000 Vendor Shares as follows: (1)2,000,000 Offer Shares at S$0.28 for each Offer Share
      715 words
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  • WORLD
    • Article
      Lock icon Backlash in Miami over Genting casino
      472 17 Walt Disney, hotels, restaurants, betting parlours oppose state’s funding plan Bloomberg [MIAMI] Genting Bhd’s plan for a US$3.8 billion ca-sino-and-hotel complex along Miami’s Biscayne Bay has turned into a fight over gambling and jobs pitting the Malaysian developer against Walt Disney Co, local hoteliers,
      Bloomberg  -  472 words
    • Article
      Lock icon Silence, prayers as Korean students sit crucial exam
      346 17 AFP [SEOUL] Flights were halted, rush hour was rescheduled and parents prayed as hundreds of thousands of students in edu-cation-obsessed South Korea sat a crucial college entrance examination yesterday. More than 693,000 students took the day-long standardised College Scholastic Ability Test at
      AFP  -  346 words
    • Article, Illustration
      Lock icon Ex-ECB vice-president to head Greek coalition
      388 18 Lucas Papademos strikes deal with outgoing PM, opposition leader Reuters [ATHENS] Former European Central Bank (ECB) vice-president Lucas Papademos will head Greece’s new crisis coalition, the president’s office said yesterday, ending suspense over who will try to save the country from default, bankruptcy and
      Reuters  -  388 words
    • Article
      Lock icon Trade deficit posts a surprise 4% fall in September
      339 18 LATEST US DATA Bloomberg [WASHINGTON] The US trade deficit unexpectedly narrowed in September to the lowest level this year as exports surged to a record high. The shortfall shrank 4 per cent to US$43.1 billion from a revised US$44.9 billion in
      Bloomberg  -  339 words
    • Article
      Lock icon Benefits of economic plan will be felt in time: Najib
      507 18  -  By PAULINE NG in Kuala Lumpur A YEAR into the much vaunted Economic Transformation Programme (ETP), Malaysian Prime Minister Najib Razak urged sceptics to be patient and to allow for some time for the benefits to be seen. “While I
      507 words
    • Article, Illustration
      Lock icon Republican presidential candidate stumbles in debate
      250 24 AFP [WASHINGTON] Rick Perry struggled to remember a key plank of his economic platform during a cautiously fought Republican presidential debate on Wednesday, an awkward exchange that left his campaign in the balance. With just two months until Republican voters in Iowa cast the
      AFP; AP  -  250 words
    • Article
      Lock icon Obama to reiterate yuan concerns with Hu
      548 24  -  The two leaders will meet on Saturday on the sidelines of the Apec summit By LEE U-WEN in Honolulu US PRESIDENT Barack Obama will once again raise his concerns about China’s currency when he meets Chinese President Hu Jintao on the sidelines of
      548 words
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      461 17 33 MODERN AND CONTEMPORARY ASIAN ART AUCTION AUCTION SINGAPORE I 13 NOV 2011 2:00 PM iiAt J WT H A PS P Auction: Sunday, 13 November 2011 2 pm The Gallery, Mezzanine Level Grand Hyatt Hotel Viewing: 11 -12 Nov 2011 11 am 8 pm MOCA, 27A Loewen Road Singapore
      461 words
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  • Page 18 Advertisements
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      267 18 EVERY ONE A FAVOURITE. EVERY FAVOURITE A WANT. Celebrate your Sundays with our Master Chefs' signature bestsellers and free flow of champagne for brunch! From freshly shucked oysters to grilled wagyu beef, experience a culinary extravaganza with over 128 culinary delights and ten LIVE cooking stations. For reservations, please call
      267 words
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      144 18 V: > ■v <'k <*■ Bird's Nest Treasures 15 November to 31 December 2011 Be prepared to be in for a treat as our Master Chefs at Wah Lok presents a specially created menu with Bird's Nest, a precious premium ingredient. Embark on this delightful culinary journey with delectable dishes
      144 words
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  • SPOTLIGHT ON STEEL
    • Article, Illustration
      Lock icon Steely determination and iron will
      2314 19  -  Three veterans of the steel industry travel down memory lane with FELDA CHAY to recount how the industry here has changed over the years FELDA CHAY IT WAS the late 1940s. The Second World War had ended, but the effects of the war could still
      FILE PHOTO  -  2,314 words
    • Article
      Lock icon Interesting facts about steel
      292 19 Sources: World Steel Association, World Coal Association N It is not known who first produced steel. Since 200BC, many societies have produced steel in one form or another. A British inventor, Henry Bessemer, is generally credited with the invention of the first technique to mass produce
      Sources: World Steel Association, World Coal Association  -  292 words
    • Article, Illustration
      Lock icon Industry still has life left in it yet
      1283 22  -  HG Metal has adopted a multi-pronged growth strategy that it believes will see it through for many years to come, reports FELDACHAY reports FELDACHAY STEEL players in Singapore may worry over the stiff competition that has built up over the years and
      1,283 words
    • Article, Illustration
      Lock icon Time for steel to take centre stage
      535 22  -  By FELDA CHAY THE steel industry must do more to establish itself as the preferred material of choice for construction in Singapore, says Chiew Sing-Ping, who currently heads the division of structures and mechanics in the school of civil and environmental engineering at
      BLOOMBERG  -  535 words
    • Article
      Lock icon How steel is made
      142 22 Source: World Coal Association, World Steel Association STEEL is an alloy of iron and carbon. To make steel, iron ore is first mined from the ground. It is then smelted in furnaces where the impurities are removed and carbon is added. The smelting process is usually
      Source: World Coal Association, World Steel Association  -  142 words
    • Article, Illustration
      Lock icon Working together for the future
      1026 23 Partnership between governments and the steel industry is key to the reduction of carbon emissions Contributed by the World Steel Association STEEL is essential to the modern world and the use of steel is critical in enabling man to move toward a more sustainable future.
      Contributed by the World Steel Association; Source: worldsteel  -  1,026 words
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      317 20/21 40 Years of SOLID GROWTH Founded in 1971, HG Metal started out as a small retailer of steel products in a 5,000 square-feet shophouse at MacPherson Road. Today, we have evolved to become one of the largest steel distributors and processors in the region, with close to 800,000 square feet
      317 words
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  • Page 22 Advertisements
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      71 22 ..voVtt YS! MM v\> A $> .< —0mm -rAAwm fx*7,r *1 ?■>'••* u ►-'1 y 1 w «n tJr mi Oo ?s c Q v.01 'j®i .A* '•■••vat*.-.. Pe -•.< ttM5 Oet 'df/ #&g8 w. ,'i.l 0/7 r esi s ta nt tainle ss steel mid sole that exceeds ii±i
      71 words
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  • Page 23 Advertisements
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      163 23 w f HIAP CHUAN HARDWARE STEEL Your Preferred Partner r AA I 0 %v\>v \s\ Hiap Chuan Hardware (Pte) Ltd has been in the steel industry for over 35 years, during which we have established ourselves as a trusted and reliable partner to our customers. We aim to give customers
      163 words
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  • Page 24 Advertisements
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      809 24 >©>' MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices THE COMPANIES ACT (CAP. 50) Statutory Declaration by Directors of Company's inability to continue business by reason of its liabilities MF GLOBAL SINGAPORE PTE. LIMITED (Incorporated in the Republic of Singapore) (Co. Reg. No. *****3253G) We, Rajendra Bhambhani of 2 Temasek
      809 words
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      Lock icon Page 24 Advertisements Column 2
      323 24 In the Matter of The Companies Act, Cap. 50 And In the Matter of PENTANUM GLOBAL CORPORATION (PTE) LTD (IN LIQUIDATION) (Co. Reg. No. *****8330K) COMPANIES WINDING UP NO. 50 OF 2011/Q NOTICE OF MEETING OF CREDITORS Take notice that a meeting of creditors in the above matter will be
      323 words
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      Lock icon Page 24 Advertisements Column 3
      777 24 UBAM SICAV 18, boulevard Royal, L-2449 LUXEMBOURG R.C. Luxembourg N° B 35.412 INFORMATION AND NOTICE FOR SHAREHOLDERS OF THE SUB-FUND UBAM EUROPEAN EMERGING EQUITY Luxembourg, 11 November 2011 Dear Shareholders, The Board of Directors of the UBAM SICAV ("UBAM") hereby informs you of the following decision, made by circular resolution
      777 words
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      Lock icon Page 24 Advertisements Column 4
      611 24 NOTICEPURSUANTTOSECTION49FC(1)(b) OFTHEINSURANCEACT(CHAPTER142) Notice is hereby given that a Scheme dated 5th October 2011 (the“Scheme”) to effect the transfer of the entire general insuranceandreinsurancebusinessinSingaporeoftheSingaporebranchofGroupamaTransport(“GTSingaporeBranch”) to the Singapore branch of GAN Eurocourtage (“GAN Singapore Branch”) will be submitted to the High Court of the Republic of Singapore (the“High Court”) for confirmation pursuant
      611 words
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  • SHIPPING/AVIATION
    • Article
      Lock icon S’pore releases impounded Cosco vessel
      327 25 Company tells court that it was its client that had broken their contract Reuters [SINGAPORE] The Singapore authorities have returned a dry bulk vessel to China Cosco Holdings, six days after it was impounded over a financial dispute with one of the company’s clients, court
      Reuters  -  327 words
    • Article
      Lock icon Air France-KLM sees limited access to funding in 2012
      441 25 Banks in Europe scaling back on aircraft financing Bloomberg [PARIS] Air France-KLM Group will find it tougher to finance investments next year, given the limited scope for tapping capital markets and the funding difficulties of French banks, the airline’s chief financial
      Bloomberg  -  441 words
    • Article, Illustration
      Lock icon Qantas adds HK to A380 route network
      364 25 Airline on A$20m PR blitz after recent grounding of fleet AFP [HONG KONG] Troubled Australian carrier Qantas said yesterday it would add Hong Kong to its network of A3 80 routes from January with four flights a week to Sydney in its newest
      AFP; BLOOMBERG  -  364 words
    • Article
      Lock icon VLCC rates increase 5.9% to highest since April
      235 25 Bloomberg [LONDON] The cost of hiring the largest tankers hauling Middle East crude to Asia jumped the most since April as the number of bookings for voyages advanced close to the highest in five years. Rates for very large crude carriers (VLCCs)
      Bloomberg  -  235 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      166 25 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 JIPAL TECHNOLOGIES PTE LTD (IN CREDITORS’ VOLUNTARY LIQUIDATION) (Company No: *****0531Z) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that
      166 words
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      Lock icon Page 25 Advertisements Column 2
      426 25 CHINA SKY CHEMICAL FIBRE CO., LTD. (Incorporated in the Cayman Islands) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of China Sky Chemical Fibre Co., Ltd. (“the Company”) will be held at Room 314, Level 3, Suntec Singapore, International Convention Exhibition Centre, 1
      426 words
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      Lock icon Page 25 Advertisements Column 3
      277 25 BENGAL TIGER LINE PTE LTD NOTICE TO TRADE REVISION OF CHENNAI TRADE RECOVERY (CTR) In view of some improvements, and to reflect the actual performances at respective Terminals, the CTR quantum will be reviewed as follows from vessel arriving/sailing on/after 15th November 2011. CCT movements $140/TEU CITPL movements $70/TEU FIO
      277 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon The ECB must provide a backstop
      513 26 EDITORIAL WITH the focus of financial markets having shifted from Greece to Italy, the saga of the eurozone sovereign debt crisis has just entered a new, more dangerous phase. A few months ago, not many people were seriously discussing a break-up of the eurozone
      513 words
    • Article, Illustration
      Lock icon Magic of India’s Reliance wearing off
      850 26  -  THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT. RELIANCE Industries, India’s largest and most profitable company, and for many years one of its fastest growing ones, seems to have hit a rough patch. Not everything is
      850 words
    • Article, Illustration
      Lock icon Job numbers no boost for Obama’s re-election
      950 26  -  US October jobless data brought cheer, but may not be good enough to meet job targets LEON HADAR Washington Correspondent IS THE American economy showing some indications that it is experiencing a slow but steady recovery? The US jobs report issued by the
      AFP  -  950 words
    • Article, Illustration
      Lock icon Is Indonesia bound for the BRICs?
      2795 27  -  It is hailed as a model democracy and is a darling of global financial community, but stalling reform could hold it back By KAREN BROOKS The writer is adjunct senior fellow for Asia at the Council on Foreign Relations ~Copyright 2011 Council on Foreign
      ~Copyright 2011 Council on Foreign Relations, publisher of ‘Foreign Affairs’. All rights reserved. Distributed by Tribune Media Services; AFP  -  2,795 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8034 28 Transaction date: Nov 10 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 11.6 8Telecom 15.5 +2 51 15.5 11.6 8.9 15.5 7.8 3.9 3.2 74.2 9.5 4.1 A-Sonic 4.6 unch 162
      8,034 words
    • Article
      Lock icon SGX CATALIST
      1543 29 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 12.2 t 800 Super 12.5 +0.3 92 12.5 12.4 12.6 13.5 4.7 4.4 4.8 22.4 5.5 2.5 t AA Grp 3.3 2.3 3.4
      1,543 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      10080 29 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.19/ 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 0.62/ Aberdeen Asset Mgt Asia Limited American Opp 0.6429/ Asian Credit Fund
      10,080 words
    • Article
      Lock icon GLOBALQUOTE
      231 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A36.5 -1.5 13 36.5 35.5 36.5 42 3.6 9.6 2.9 95 53 25.5 Genting HK US$ US28.5 unch ***** 28.5 27.5 28 28.5 1876.6
      231 words
    • Article
      Lock icon SGX ETF
      880 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 116.3 -0.7 63 116.3 115 116.5 116.9 530.9 1261 856 CIMBAsean40 100US$ US954 -34 24 954 947 38.2 ***** *****
      880 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr Nov 9 Index Change Change Change Change Change Change World Preliminary 828.9 -1.5 -7.7 -0.6 -6.5 -2.0 -6.9 EAFE Preliminary 682.1 -0.9 -14.8 -0.5 -12.7 -1.9 -13.1 Europe Preliminary 1000.8 -2.0 -14.4
      373 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 30 CRUDE OIL PRODUCTS Nov 9 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 114.16 0.10 WTI (Near Mth) 96.35 -0.58 Dubai (1-Mth F) 108.87 -1.12 Tapis blend 121.16 -1.75 Minas 115.86 -1.75 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.89 0.06 Jet Kerosene 131.25 -0.80 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon CHICAGO BOT
      107 30 Nov 9 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 11 1175.75 1192.25 1201.50 1174.00 Jan 12 1185.50 1205.00 1212.00 1183.25 Mar 12 1195.50 1214.75 1221.75 1193.50 May 12 1205.25 1225.00 1230.75 1203.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 11 50.99
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    • Article
      Lock icon GOVERNMENT SECURITIES
      81 30 Nov 10 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 09.02.2012 0.30 1-Year BY*****W 01.11.2012 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.45 103.48 103.48 5-Year N*****0W 1.125 01.04.2016 102.5 102.67 102.65
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      460 30 Nov 10 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4300 0 2712 Mar12 99.3250 0 3478 Jun12 99.3250 0 1101 Sep12 99.3300 0 806 EUROYEN TIBOR FUTURES Dec11 99.6725 99.6725 99.6700 99.6700 684 2489 Mar12 99.6675 0 2178 Jun12 99.6700 0 1470 Sep12 99.6675 0
      460 words
    • Article
      Lock icon SGX FUTURES
      176 30 Nov 10 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 11 314.5 306.5 315.3 61 283 Jan 12 323.0 308.0 317.0 55 269 Feb 12 324.0 324.0 320.0 10 201 Mar 12 317.1 317.1 324.0 8 272
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    • Article
      Lock icon LONDON METALS
      69 30 Nov 9 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2106.00 2119.75 3 months 2125.00 2140.00 Copper, Grade A (US$/tonne) Cash 7608.00 7782.00 3 months 7625.00 7800.00 Lead (US$/tonne) Cash 1952.75 1996.75 3 months 1978.00 2021.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 30 Nov 10 Open High Sett STI Nov 2786 SIMSCI Nov 321.4 322 317.3 Taiwan Nov 269.2 269.8 258.8 Source: MF Global (S) Pte. Ltd
      27 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2057 30 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 1 4 17 18.00 3 AlliedTech W*****2 1.7 1 4 24 Ascendas Reit.ES.1111 203 Aztech Grp W*****3 0.4
      2,057 words
    • Article
      Lock icon LIFFE
      82 30 Nov 9 COCOA (£/tonne) Close Prev High/Low Dec 11 1613 1652 1661/1609 Mar 12 1633 1673 1683/1629 May 12 1649 1688 1698/1645 Jul 12 1664 1703 1714/1660 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1791 1799 1807/1779 Jan 12 1836 1844 1849/1811 Mar 12 1873 1879 1885/1851 May 12
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 30 Nov 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.033 6.396 0.745 7.836 50.345 90.950 0.782 11.460 3.176 1.301 87.012 43.667 1.304 8.117 0.918 30.458 31.087 0.633 1.007 Canada 0.968 6.191
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    • Article
      Lock icon SIBOR
      82 30 Nov 10 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon PRECIOUS METALS
      138 30 Nov 10 GOLD (US$/oz) Nov 09 Nov 10 Hong Kong 1789.00 1768.00 Nov 08 Nov 09 London 1794.19 1789.84 1795.91 1791.56 Source: Thomson Reuters CAST BAR Nov 10 (S$) Selling Buying Kilobar "78,114.28" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 175 73 5gm 497 364 10gm 887
      138 words
    • Article
      Lock icon PALM OIL
      57 30 Nov 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 11 3065 3065 3120 3065 231 754 Dec 11 3009 3044 3119 3009 1551 ***** Jan 12 3002 3034 3116 3001 ***** ***** Feb 12 3001 3042
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 30 Nov 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3033 1.3053 1.0068 1.0076 Canadian dollar 1.2617 1.2637 0.9747 0.9754 Euro 1.7496 1.7513 1.3516 1.3518 NZ dollar 1.0017 1.0035 0.7738 0.7746 Sterling pound 2.0594 2.0617 1.5909 1.5914
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 30 Nov 10 S$ Bid Offer 1-month 1.2945 1.2955 2-months 1.2945 1.2955 3-months 1.2943 1.2954 6-months 1.2925 1.2940 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 30 As at 9am Nov 10 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.338 1.275 Can dollar 1.285 1.236 Euro 1.78 1.712 Sterling pound 2.095 2.015 NZ dollar 1.035 0.986 US dollar 1.313 1.263 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      154 30 Nov 10 $S Offer Bid 0vernight 0.02 0.01 1-month 1/4 1/8 2-months 1/4 1/8 3-months 5/16 3/16 Overnight mode: 0.01 US$ 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
  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      128 30 SMX MARKET UPDATE As on 9 November 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT DEC2011 1796.50 1779.30 1791.80 145 SILVER FUT DEC2011 35.215 34.415 34.370 50 CURRENCY AUD-USD FUT DEC2011 1.0328 1.0137 1.0137 3368 EUR-USD FUT DEC2011 1.3839 1.3551 1.3580 ***** GBP-USD FUT
      128 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    4468 31 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
    4,468 words
  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      41 31 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? PLACE YOUR AD HERE THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 1327 To All Shipping Advertisers: Please call Joe Wong at 9620 1327
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  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      137 32 Shipping lines seeking reliable logistics partners R rgently n cl d by shippers n they -Find youi re in the Shippii servio ig Time THE BUSINESS TIMES SHIPPING TIMES BH GLOBAL M A Rjne LTD Charting New Directions ha Excellence BH Cwhlml Marine l.l,J Is ProudTo VIn Two Sm W»^(:orp„
      137 words
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  • executive lifestyle
    • Article, Illustration
      Lock icon Box sets for the bon vivant
      1520 33  -  With landmark albums by U2, Nirvana and Pink Floyd being re-issued as luxe back catalogues, fans are certainly going to sway to old music in new ways, reports DYLAN TAN reports DYLAN TAN BUYING reissued albums by popular rock acts has become a bit
      PHOTOS: U2 ACHTUNG BABY BY UNIVERSAL MUSIC; PINK FLOYD BY STORM THORGESON; PHOTO-ILLUSTRATION: JENNIFER  -  1,520 words
    • CINEMA
      • Article, Illustration
        Lock icon Bite into this Apple
        471 34  -  By DYLAN TAN IT’S easy to fall for Taiwanese writer-direc-tor Giddens Ko’s sinfully sweet You Are The Apple Of My Eye and its massive box-office haul in Taiwan and Hong Kong, plus the Golden Horse award nominations it has picked up pretty much sums up how
        TWENTIETH CENTURY FOX  -  471 words
      • Article, Illustration
        Lock icon Pop goes a Belgian icon
        730 34  -  The beloved boy reporter Tintin and his trusty dog leap out of an oeuvre of 80 years of comic-book art to re-animate his adventures in motion capture, reviews GEOFFREY EU reviews GEOFFREY EU TINTIN, the intrepid boy reporter created over 80 years ago by Belgian
        PARAMOUNT PICTURES  -  730 words
      • Article, Illustration
        Lock icon Adventures on the sauce
        581 34  -  By GEOFFREY EU AS Captain Jack Sparrow in the Pirates of the Caribbean series, Johnny Depp swigged rum, swaggered a lot and indulged in some swashbuckling on the side. In The Rum Diary, Depp stays in the Caribbean but merely swigs rum in industrial-size quantities to
        FILM DISTRICT  -  581 words
    • ARTS
      • Article, Illustration
        Lock icon Curators without borders
        696 35  -  Bold curatorial outings that inspired two art exhibitions are the fruit of artists-in-residence programmes at the Singapore Tyler Print Institute and The Art Incubator, writes NATALIE KOH writes NATALIE KOH NEW YORK-based artist-curator, Heman Chong, first took part in the debut BMW Young Asian Artists Series in
        PHOTOS: LYRA GARCELLANO/STPI  -  696 words
      • Article, Illustration
        Lock icon Variations on a theme
        799 35  -  By NATALIE KOH WHEN The Art Incubator first started up in 2009, it was meant to do exactly what its name says: incubate art. It offers a warm and encouraging environment for a group of artists each year, for a month or two at a time,
        799 words
    • ENTERTAINMENT/ARTS
      • Article, Illustration
        Lock icon Multiplayer warhorse
        487 36  -  GAMING REVIEW By CHRISTOPHER LIM GAMERS have a thirst for realistic first-person shooters, and they’ve been spoilt for choice since Tuesday’s launch of Modern Warfare 3, which goes head to head with Battlefield 3, that was launched late last month. If ultimate combat realism is your cup of
        487 words
      • Article, Illustration
        Lock icon Sound spread of talent
        801 36  -  Classical cellist Brendan Goh and jazz keyboardist Chok Kerong show the stylistic and geographical spread of today’s young local musicians, writes CHRISTOPHER LIM TRYING to pigeonhole Singaporean music talent is a futile endeavour because there’s a lot going on. More importantly, much of this artistic ferment
        801 words
      • Article, Illustration
        Lock icon Groundbreaking parade
        632 36  -  By NATALIE KOH IT’SthattimeoftheyearagainwhenSingapo- reans are anxiously waiting for Christ- mas lights to light up Orchard Road. But before those come up, Orchard is going to be decorated with something else something just as attractive, a little quirkier, but for a greater cause. The Elephant Parade has hit
        2011 ELEPHANT PARADE  -  632 words
      • Article, Illustration
        Lock icon Vertical limits of art
        438 36  -  By NATALIE KOH THERE’S always a story behind every artwork, but the thing about art is that it leaves much room for interpretation. That’s not a bad thing, but if you want to communicate a story through the arts, it’s probably best told with theatre a
        VERTICAL SUBMARINE  -  438 words
    • ARTS/BOOKS
      • Article, Illustration
        Lock icon General Motors’ win-win story in China
        750 37  -  GM exorcises the fiscal demons of its chequered past and rewrites US automobile history with a new chapter in China, reviews LINDA LIM reviews LINDA LIM WITH all the headline furore over contentious United States-China trade relations and the perennial threat of a “currency
        750 words
      • AROUNDTOWN
        • Article, Illustration
          Lock icon Auction of modern Asian art
          223 37 BRINGING together some of the best works from the region into one room, 33 Auction is holding its Autumn Modern and Contemporary Asian Art sale this weekend. Revel in the assortment of 157 works by established artists around nearby countries such as China, Indonesia and
          33 AUCTION  -  223 words
        • Article
          Lock icon President’s Design Award fetes the best
          195 37 After a long wait, the winners of the prestigious President’s Design Award 2011 have been announced, and members of the public will get the chance to see why these designers deserve them. The award, which is split into two categories, Designer of the Year
          195 words
        • Article
          Lock icon Aesthetics of the female form
          143 37  -  Compiled by NATALIE KOH The female body has always been an object of fascination, and that has always been prominent in art. Exploring this notion is Sentient Beauty, an exhibition of 32 intimate artworks from the Nafa Collection. Featuring nude female forms, dancing movements, reflections
          143 words
    • NIGHTLIFE
      • Article, Illustration
        Lock icon Zouk soups up Underground
        576 38  -  Velvet Underground goes ultra-exclusive to woo the top tier of partygoers, reports MELISSA LWEE-RAMSAY LET’S face it. In the world of nightlife in Singapore, competition is stiff. And if you want to stay in the game, you’ve got to constantly up the ante in order to
        PHOTOS: ZOUK/VELVET UNDERGROUND  -  576 words
      • Article, Illustration
        Lock icon Asian wine’s day in the sun
        558 38  -  By CHRISTOPHER LIM ONE might imagine that similar trends would run through two large overlapping wine events but nothing could be further from the truth when it came to Wine For Asia 2011 (WFA) and Wine Fiesta 2011 two weekends ago. Asian wine reared
        558 words
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      307 36 CRYPTIC CROSSWORD Across 1 Bang on the forehead (6) 5 One million for each? It’s indecent (8) 9 One who finds things hard to grasp (13) 10 One from the country taking beer after ten to seven (8) 11 Starfish (6) 12 Principal way plea is amended (6) 14 Co-operative
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