The Business Times, 12 November 2011

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Microfilm: NL31700
Total Pages: 49
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    12 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg NOVEMBER 12-13, 2011 S$1.00 MICA (P) 121/08/2011
    12 words
  • Article, Illustration
    Lock icon S&P’s French blooper roils global markets
    726 1 Ratings agency downgrades France ‘by mistake’; move adds to mess in the marketplace Bloomberg New York STANDARD Poor’s roiled global equity, bond, currency and commodity markets when it sent and then corrected an erroneous message to subscribers suggesting that France’s top credit rating had
    Bloomberg; AFP  -  726 words
  • Article
    Lock icon $590m for the lab-coats with an eye on the business-suits
    884 1  -  By Lynn Kan lynnkan@sph.com.sg Singapore EVEN as Singapore releases $590 million to biomedical researchers here, it has not taken its eye off the main prize the economy. The Biomedical Sciences Open Collaborative Fund (OCF) means to coax basicscience researchers to
    884 words
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  • TOP STORIES
    • Article
      Lock icon MF Global S’pore in bid to recover assets
      512 2  -  Tangled web scuttles attempt at broad sale of Asia units; MAS says it understands liquidators need time to unravel positions By Kenneth Lim kenlim@sph.com.sg Singapore LIQUIDATORS of MF Global Singapore are trying to recover some of the US$309 million of segregated assets
      512 words
    • Article
      Lock icon MARKETS
      140 2 G STI 2,790.94 (+4.04) G STI FUTURES 2,790 (+4) G SIMSCI 317.07 (+0.23) H SIMSCI FUTURES 317.00 (-0.30) STOCKS Friday Change KL COMP 1,468.75 -3.90 NIKKEI 225 8,514.47 +13.67 HANG SENG 19,137.17 +173.28 SET 970.97 +2.67 JAKARTA 3,778.89 -5.00 MANILA 4,312.96 +27.90 KOSPI 1,863.45 +50.20 SHENZHEN B 606.04 +0.29
      140 words
    • Article
      Lock icon GIC sells almost entire Olympus stake
      527 4  -  Some loss not unexpected; Singapore sovereign fund says remaining stake is 'insignificant' By Emilyn Yap emilyny@sph.com.sg Singapore THE Government of Singapore Investment Corporation (GIC), which held a 2.17 per cent stake in Olympus earlier this year, said yesterday that it had sold almost all
      527 words
    • Article, Illustration
      Lock icon Markets rise as Europe manages crisis
      699 4 Bloomberg AFP Reuters London GLOBAL equity markets rose and the euro strengthened against the US dollar yesterday as Europe took steps to address its debt crisis. Italy’s bonds gained after yields surged past 7 per cent, a level seen as unsustainable, earlier this week.
      Bloomberg; AFP; Reuters; REUTERS  -  699 words
    • Article, Illustration
      Lock icon Quick, strong EU action needed: Geithner
      738 6  -  By Lee U-Wen leeuwen@sph.com.sg Honolulu HIS sombre tone reflected the collective alarm among the 21 Asia-Pacific finance ministers, all of whom were worried about the European debt crisis and how the mounting problems could impact an already fragile global economy. The message that US
      REUTERS  -  738 words
    • Article, Illustration
      Lock icon The wisdom of Paul Volcker
      1089 8  -  At 84, the ex-Fed chairman remains a pragmatic advocate of the reforms needed to fix all that is wrong By Vikram Khanna vikram@sph.com.sg Singapore AT 84, Paul Volcker is still on top of his game. The former chairman of the US Federal Reserve remains an
      NG SOR LUAN/THE STRAITS TIMES  -  1,089 words
    • Article, Illustration
      Lock icon Bull Charge charity run raises $1.14m
      437 9  -  It features record 5,000 runners, mostly from listed firms and financial community By Dolly Chia dchia@sph.com.sg Singapore FOR the eighth consecutive time, the annual five-kilometre Bull Charge charity run was a smashing success, raising $1.139 million with a record 5,000 runners this year, mostly
      PHOTOS BY YEN MENG JIIN  -  437 words
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      Lock icon Page 2 Advertisements Column 1
      55 2 CONTENTS NEWS Top Stories 2-9 Raffles Conversation 10-11 Week in Review 12 Companies 13-16 From The Desk Of 17 Singapore 18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-33 Househunt 34 Real Estate 35 LIVING Shopping L2-4 Guest Chef L5 Dining L6-8 Travel L10-13 Gadgets L14 Health L15 Sport
      55 words
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      Lock icon Page 3 Advertisements Column 1
      106 3 FRANCK MULLER BOUTIQUE SINGAPORE 01-07 ION ORCHARD (65) 6509 3380 B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 MELBOURNE 119 COLLINS STREET (613) 9650 0288 JAKARTA PLAZA INDONESIA (6221) 310 7608 BANGKOK SIAM PARAGON (662) 610 9423 AUTHORISED RETAILERS SINGAPORE SINCERE FINE WATCHES NGEE ANN CITY (65) 6733
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      Lock icon Page 4 Advertisements Column 1
      116 4 FATIGUE? SLEEP ON WATER! Due to a lack of pressure points, a waterbed gives relief to sore muscles by restoring healthy blood circulation. FANTASY WATERBEDS SLEEP CENTRE #01-15/16 The Furniture Mall (The Plaza) 7500D Beach Road Tel: 6469-1381 NOTICE OF DIVIDEND Name of Company At-Life Pte. Ltd. (In Creditors’ Voluntary
      116 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      18 6 PromotionPeriod:Saturday,November 12 toSundayNovember27,2011 35%off* Enjoy alacartemenuatYantra Famousforitsaward-winningIndiancuisineandoneof Singapore’sfinestIndianrestaurants,YantracelebratesTheBusinessTimes' 35thanniversarywithanexceptionaldealof35%off*yourtotalalacartebill. THEBUSINESSTIMES th Address:Yantra,163TanglinRoad,#01-28/33,TanglinMall,Singapore*****3 Forreservations,pleasecallYantraat*****088. Anniversary *ValidSundaystoThursdays.Discountisapplicabletofoodmenuonly. Notvalidwithanyothercreditcardpromotionsordiscounts. Toenjoythisoffer,pleasepresentthisadtotherestaurant Diningdeals
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      Lock icon Page 7 Advertisements Column 1
      1092 7 thebusinesstimesweekendwww.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 weekend www.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 the raffles conversation CAREER DIPLOMAT BARRYDESKER 12-13 cheap funds Local banks to slash savings ratesDBS Bank, OCBC DBS Bank and UOB will offer amere 0.05 per cent mere come October, even asHSBC and
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Entrepreneur extraordinaire
      1962 10  -  Ron Dennis, the force behind motorsport behemoth McLaren Group, shares his insights on steering McLaren as a business. By Samuel Ee samuelee@sph.com.sg MECHANIC, manager, team principal and company boss Ron Dennishas performed all ofthese functions since he entered the world of Formula One in 1966. But one role
      YEN MENG JIIN  -  1,962 words
    • Article
      Lock icon McLaren’s Singapore connection
      603 10 THE McLaren MP4-12C super sports car is manufactured by McLaren Automotive, a company that counts Singapore billionaire Peter Lim as one of its six shareholders. The others are Ron Dennis, the executive chairman of the McLaren Group; the TAG Group; Bahrain’s Mumtalakat Holding Co; and three sovereign
      603 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK Nov 7-11, 2011
      • Article
        Lock icon Bonds pip equities as preferred capital path
        58 11 BANKS and corporates have been tapping the more stable local bond market for their funding, raising over $2.2 billion in the last few weeks. Since Oct 17, 11 issuers have sold $2.23 billion worth of bonds as the Singapore debt market remains relatively
        58 words
      • Article
        Lock icon New UK properties find strong Asian support
        63 11 SINGAPOREAN buyers now account for around 10 per cent of all purchasers at “new-build” properties in Central London, industry players say. According to estimates from sales agents at major property firms, buyers from Asia make up about 40 per cent of all investors
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      • Article
        Lock icon Subsales lose their pull, especially with foreigners
        47 11 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, shows an analysis by DTZ.
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      • Article
        Lock icon Osaka exchange shares surge on takeover talk
        58 11 THE shares of Osaka Securities Exchange rallied strongly on Monday as fresh speculation of a takeover move by the Tokyo Stock Exchange Group gathered pace. The surge came after the Nikkei news- paper said that TSE was in late-stage takeover talks to buy
        58 words
      • Article
        Lock icon Smoothing the bumps in the COE system
        35 11 THE Motor Traders Association of Singapore has given its take on COEs and the Vehicle Quota System to the government, saying that the currentformatspells “feastor famine” for traders.
        35 words
      • Article
        Lock icon Berlusconi wins budget vote but market smells blood
        59 11 AFTER surging earlier in the day, European stocks pulled back on Tuesday as Italian Prime Minister SilvioBerlusconi’sbeleaguered coalition won a key vote in parliament without an absolute majority of 316 seats. The vote on Italy’s 2010 public accounts a precondition for the
        59 words
      • Article
        Lock icon Olympus shares dive 29% after cover-up admission
        63 11 LEADING Japanese optical equipment maker Olympus shocked markets on Tuesday by admitting to a massive cover-up of losses on securities investments and said that those involved could be subject to charges of criminal wrongdoing. But the company stood by its decision to fire
        63 words
      • Article
        Lock icon Fernandes tipped to launch premium airline
        52 11 AirAsia’s flamboyant founder Tony Fernandes may be poised to launch a new full service airline a move that could have wide implica- tions. There are even suggestions that he could take over Qantas’s premium carrier project in South-east Asia, which appears to have stalled
        52 words
      • Article
        Lock icon nTan claims fees worth $10m, eSys says advice not useful
        52 11 NTAN Corporate Advisory gave crucial advice and help to eSys Technologies when the firm ran into financial distress in 2006. And for that, nTan was entitled to the value-added fees under its engagement terms, nTan’s representing lawyer told the High
        52 words
      • Article, Illustration
        Lock icon DBS takes banking back to its post office roots
        82 11 THE relationship between post offices and banks has come full circle. And for those nostalgic for the Post Office Savings Bank of years gone by, well it’s practically coming your way again as DBS Bank said on Thursday that it would
        FILE PHOTO  -  82 words
      • Article
        Lock icon Peter Lim raises $2b toast to health care in JB
        59 11 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 $2 billion deal with the Johor royal family to transform a 10-hectare waterfront site in
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      • Article
        Lock icon European market breathes easier after Italian auction
        55 11 THE European market panic subsided on Thursday after a relatively successful Italian debt auction, albeit at the highest yields since the inception of the euro in 2000. But a poll shows that most investors would not buy Italian bonds even at returns in
        55 words
    • Article
      Lock icon NEXT WEEK Nov 14 – 18
      73 11 NEXT WEEK Nov 14 18 US DATA Nov 15 October PPI/Core PPI October Retail Sales Nov 16 October CPI/Core CPI Nov 17 October housing starts Nov 18 October leading indicators SINGAPORE DATA Nov 15 Sept retail sales, F&B services Nov 17 Merchandise trade EVENTS Nov 14 Euro Finance Week (to
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  • Page 11 Miscellaneous
    • Miscellaneous
      Lock icon Page 11 Miscellaneous Column 1
      314 11 CRYPTIC CROSSWORD Across 1 An armed timing device (10) 9 Track a bird (4) 10 Delivery’s not left, though one is entitled to it (10) 11 Sound observation, using a quote (6) 12 A decoration so often out of place (7) 15 Tell of dramatic happening at polling-station (7) 16
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    • Miscellaneous
      Lock icon Page 11 Miscellaneous Column 2
      16 11 SATURDAY with Ludwig ‘Never mind what they say our shoebox apartment brings us all closer together...’
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  • COMPANIES
    • Article
      Lock icon UOL net profit slips 11% to $101m
      623 12  -  CEO says the group is cautious about next year’s prospects and that it would stay nimble to protect income By Kalpana Rashiwala kalpana@sph.com.sg Singapore UOL Group has posted an 11 per cent drop in group net profit to $100.98 million for the third
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    • Article, Illustration
      Lock icon Noble Group founder buys shares, calms investors
      771 12 NOBLE Group’s founder Richard Elman stepped in yesterday to calm Noble Group investors, who suffered a US$2 billion hit on Thursday as the stock fell sharply on news of a quarterly loss and the resignation of its CEO. Besides buying Noble shares on
      REUTERS  -  771 words
    • Article, Illustration
      Lock icon Genting S’pore slides on market-share losses
      635 13  -  Its move to raise bad debt provisions in Q3 raises concerns about debt collections from VIP players in China By Grace Leong gleong@sph.com.sg Singapore SHARES of Genting Singapore slid yesterday on its marketshare losses and after its move to raise bad debt provisions sparked
      BLOOMBERG  -  635 words
    • Article
      Lock icon WBL net profit for Q4 falls 28% to $12.2m
      420 13  -  By Jamie Lee leejamie@sph.com.sg Singapore WBL Corp has posted a 28.1 per cent drop in fourth-quarter net profit on the back of slower sales. The technology to property to car dealership conglomerate said that net profit for the three months ended
      420 words
    • Article, Illustration
      Lock icon Banyan Tree posts Q3 loss of $2.9m
      454 14  -  Group expects Q4 and FY2011 results to be lower than last year By Kelly Tay kellytay@sph.com.sg Singapore BANYAN Tree Holdings posted a net loss of $2.9 million for the third quarter ended Sept 30, as compared to a profit of $706,000 for the
      FILE PHOTO  -  454 words
    • Article
      Lock icon Golden Agri’s Q3 earnings rise 10.5% to US$110m
      463 14  -  By Felda Chay feldac@sph.com.sg Singapore PALM plantation owner Golden Agri-Resources’ third-quarter net profit climbed 10.5 per cent from a year ago, boosted by higher production and sales volumes, as well as a rise in selling prices for its products. The Indonesia-based company
      463 words
    • Article
      Lock icon Sheng Siong’s Q3 profit drops 50.9% to $6.6m
      393 14  -  By Kelly Tay kellytay@sph.com.sg Singapore THE net profit of recently listed supermarket chain Sheng Siong Group Ltd fell 50.9 per cent year on year, from $13.5 million to $6.6 million, for the third quarter ended Sept 30, 2011. Revenue for Q3 2011
      393 words
    • Article
      Lock icon Sim Lian Q1 profit jumps ninefold to $103m
      535 15  -  LC Development posts $82.3m earnings for Q1, up from $514,000 a year ago, due to gains from hotel stake sale By Felda Chay feldac@sph.com.sg Singapore PROPERTY developer Sim Lian Group Ltd reported a first-quar-ter net profit of $102.7 million, nine times that
      535 words
    • Article, Illustration
      Lock icon Cerebos posts 11% drop in Q3 profit to $20.6m
      401 15  -  By Ven Sreenivasan ven@sph.com.sg Singapore HIGHER commodity prices and operating costs, coupled with a product recall in Taiwan depressed mainboard-listed Cerebos Pacific’s third-quarter earnings by 11 per cent to $20.6 million, from $23.2 million a year ago. Revenue for the July-Septem-ber
      FILE PHOTO  -  401 words
    • Article
      Lock icon Japan Foods H1 profit down 39% at $1.7m
      411 15  -  By Lynette Khoo lynkhoo@sph.com.sg Singapore JAPAN Foods Holding posted a 39.1 per cent slump in net profit to $1.7 million for its fiscal first-half ended Sept 30 as rising costs outpaced the growth in sales. Despite the lower profits earned this period,
      411 words
    • Article, Illustration
      Lock icon Events in the West bring some cheer and hope
      490 16  -  stocks R Sivanithy sivan@sph.com.sg Senior correspondent A DIP in US unemployment claims, the appointment of a technocrat and former European Central Bank deputy head as the new Greek prime minister, and signs that Italy may finally be moving to address its
      490 words
    • Article
      Lock icon TOP 20 ACTIVES
      110 16 VOL CLOSE GentingSP 236,692 159.5 -9.0 -5.3 NobleGrp 183,073 118 0.0 0.0 MDR 89,646 0.5 0.1 25.0 PSLHldgs 54,445 39 3.5 9.9 LippoMallsR 37,509 5.3 -0.7 -11.7 Oceanus 20,305 8.6 -0.8 -8.5 SkyOne 19,202 8.5 1.5 21.4 GoldenAgri 18,438 66 0.0 0.0 TopGlobal 18,006 0.8 0.1 14.3
      110 words
    • Article
      Lock icon STI STOCKS
      108 16 Stock name Close Change CapMallsAsia 1.345 +0.015 CapitaLand 2.690 +0.050 CapitaMall 1.760 +0.010 CityDev 10.260 +0.010 ComfortDelGro 1.395 -0.010 DBS Grp 12.640 +0.050 F&N 6.210 +0.120 GLP 1.780 +0.070 Genting SP 1.595 -0.090 Golden Agri 0.660 HK Land 4.760 +0.150 JMH 52.890 +0.040 JSH 31.800 -0.150 Jardine C&C
      108 words
    • Article
      Lock icon BreadTalk Q3 profit jumps 31% to $3.67m
      278 16  -  By Victoria Ho vhoip@sph.com.sg Singapore BreadTalk Group has registered a third-quarter net profit of $3.67 million, up 31 per cent from the corresponding quarter last year. The company, which operates bakeries and restaurants, recorded a nine-month net profit of $7.66 million, up 30.2
      278 words
    • Article
      Lock icon TOP GAINERS
      62 16 BY CENTS CLOSE UP DBXT iBoxxKR 5US$ *****1156.0 7.4 DBXT Nifty 10US$ ***** 334.2 2.5 IS S&P500 ***** 241.3 1.5 DBXT MSKorea 10US$ 5308 228.4 3.4 DBXT E50 10US$ 3482 148.4 3.4 DBXT MSAsExJp 10US$ 2870 51.6 1.4 DBXT SPASX200 10US$ 3233 51.6 1.3 Asia Pac Brew 2650
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    • Article
      Lock icon TOP LOSERS
      64 16 BY CENTS CLOSEDOWN DBXT AUD Bonds 5 AU$ ***** -197.1 -0.9 DBXT SORA 5SG$ ***** -98.4 -0.5 DBXT MSUSA 10US$ 3006 -63.2 -1.6 Pru 500US$ 975 -45.2 -3.5 DBXT FTVietnam 10US$ 2174 -38.7 -1.4 DBXT S&P Short 10US$ 4265 -37.4 -0.7 DBXT S&P500 10US$ 1987 -29.7 -1.1 DBXT
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    • Article
      Lock icon Parkson and Perennial China announce first results since IPO
      345 16  -  By Victoria Ho vhoip@sph.com.sg Singapore TWO companies listed this year have announced their financial results. Department store operator Parkson Retail Asia reported revenue of $106.6 million for the first quarter ended Sept 30, up 19.6 per cent from the last corresponding
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  • SINGAPORE
    • Article, Illustration
      Lock icon S’pore needs to push regional integration
      561 17  -  Economic rationale for this still exists, say participants at Singapore Economic Roundtable By Teh Shi Ning tshining@sph.com.sg WITH broad agreement that small and open Singapore cannot escape from a global slowdown, discussion at the latest Singapore Economic Roundtable turned to questions of whether diversification
      FILE PHOTO  -  561 words
    • Article, Illustration
      Lock icon More than 40% of Belvia units sold in first phase
      182 17 BELVIA, the Design Build Sell Scheme (DBSS) project along Bedok Reservoir Crescent, has sold more than 40 per cent of its units during the first phase of booking on Nov 7-9, according to its developer CEL Development Pte Ltd. The
      182 words
    • Article
      Lock icon Chevron to expand Oronite plant
      394 17  -  By Ronnie Lim ronnie@sph.com.sg US oil giant Chevron with over $2 billion invested in Singapore as at end-2005 intends to double the production capacity of its Chevron Oronite lubricant additives plant on Jurong Island, its largest in Asia. BT understands that the final investment decision
      394 words
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  • WORLD
    • Article, Illustration
      Lock icon Growth in India’s output starts to slow
      567 18 September industrial production hit by record interest rate increases and a faltering global recovery Bloomberg New Delhi INDIA’SindustrialproductiongrewinSeptember at the slowest pace in two years, hurt by record interest rate increases and a faltering global recovery. Stocks extended declines. Output at factories, utilities
      Bloomberg; REUTERS  -  567 words
    • Article
      Lock icon Spanish exporters find riches overseas
      246 18 AFP Arteixo, Spain AS Spain’s politicians spar over how to escape a painful economic crisis, major exporters such as fashion titan Inditex and its smash Zara brand are finding riches elsewhere. Welfare cuts and a staggering 21.52 per cent unemployment rate have angered Spanish voters,
      AFP  -  246 words
    • Article, Illustration
      Lock icon EU banks sell assets in bid to slim down ops
      707 19 Offloading of assets and loan portfolios aimed at cutting exposure to worrisome debt NYT London EUROPE’S banking sector is ready for a shake-up as its largest financial institutions try to slim down their operations in response to the sovereign debt
      NYT; BLOOMBERG  -  707 words
    • Article
      Lock icon HK economy avoids recession with Q3 growth of just 0.1%
      590 19 Bloomberg Hong Kong HONG KONG’S economy grew 0.1 per cent in the third quarter from the previous three months as low unemployment and tourists from China boosted consumption while Europe’s crisis dragged on exports. The figure released by the government
      Bloomberg  -  590 words
    • Article, Illustration
      Lock icon Bernanke defends Fed in the state of his detractors
      785 20 Europe’s woes may trigger global shocks, he says and urges EU leaders to contain the crisis Reuters Fort Bliss, Texas DEFENDING the Federal Reserve on the turf of his harshest critics, US central bank chief Ben Bernanke on Thursday said the
      Reuters; AP  -  785 words
    • Article
      Lock icon Banks scramble to protect their loans to Olympus
      658 20 Reuters Tokyo LENDERS plan to meet Japan’s scandal-hit Olympus Corp as early as next week to negotiate more security over their loans as the company moves to the brink of delisting, the Nikkei newspaper said yesterday. The maker of cameras and medical
      Reuters  -  658 words
    • Article, Illustration
      Lock icon Japan PM confirms participation in TPP talks
      968 21  -  Decision comes in the teeth of fierce political opposition to Japan’s commitment until more is known about the pact By Anthony Rowley bt wo rl d @s p h .co m .sg Tokyo JAPANESE Prime Minister Yoshihko Noda yesterday confirmed his intention to
      BLOOMBERG  -  968 words
    • Article
      Lock icon Obama endorses Russia’s membership in WTO
      332 21 Bloomberg Washington PRESIDENT Barack Obama said the US is among countries agreeing to allow Russia to join the World Trade Organization (WTO) after Russia resolved a disagreement with Georgia. The agreement will probably be approved at a WTO conference in Geneva next month, Mr
      Bloomberg  -  332 words
  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      24 18 JACKPOT m m y. CO f\ Q .V3 < THIS MONDAY r >* *8 For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit I SINGAPORE m
      24 words
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      Lock icon Page 18 Advertisements Column 2
      290 18 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF THE CONSUMER GOODS FORUM PTE. LTD. (CO. REG. NO. *****7587K) (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
      290 words
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  • SGX
    • Article
      Lock icon SGX CATALIST
      9756 25 Transaction date: Nov 11 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 11.6 8Telecom 15.5 11.5 15.5 7.8 3.9 3.2 74.2 9.5 4.1 A-Sonic 4.8 +0.2 15 4.8 4.8 4.6 5.5 2.7
      9,756 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 25 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 2 4 0 0 0 8 2 4 Manufacturing 64 40 36 6 2 7 70 42 43 Commerce 20 17 16 2 2 4 22 19 20 Tpt/Stor/Comms 13 12 13
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      817 25 For week beginning Nov 7 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) CMZ Hldgs Ltd 10-Nov-11 Value Harmony Ltd Buy 570 na ***** 9.65 ***** 9.84 CMZ Hldgs Ltd
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 25 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,679 12,679 46,928 46,928 Manufacturing 149,940 4,993 154,933 131,088 76 131,164 Commerce 241,271 3,916 245,187 293,944 332 294,276 Tpt/Stor/Comms 66,765 34,222 100,987 81,219 3,444 84,663 Finance 10,108 10,108 95,613 95,613 Construction 61,579 26,057 87,636 21,828
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  • MARKETS
    • Article
      Lock icon LIFFE
      82 26 Nov 10 COCOA (£/tonne) Close Prev High/Low Dec 11 1583 1613 1624/1580 Mar 12 1605 1633 1643/1603 May 12 1620 1649 1656/1618 Jul 12 1637 1664 1671/1636 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1780 1791 1801/1780 Jan 12 1837 1836 1848/1818 Mar 12 1875 1873 1886/1855 May 12
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      128 26 As on 10 November 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT DEC2011 1775.90 1737.50 1759.90 227 SILVER FUT DEC2011 33.985 33.245 34.120 76 CURRENCY AUD-USD FUT DEC2011 1.0164 1.0009 1.0120 3527 EUR-USD FUT DEC2011 1.3651 1.3486 1.3625 ***** GBP-USD FUT
      128 words
    • Article
      Lock icon METALS
      66 26 Nov 11 GOLD (US$/oz) Nov 11 Nov 10 Hong Kong 1766.*****8.00 Nov 10 Nov 09 London 1744.*****9.84 1745.*****1.56 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 44.25 43.57 SJIuicv l/OS PLATINUM Lon (US$/oz) Nov 10 Close Previous PM Fix 1627.*****0.00 AM Fix 1628.*****1.00 Source: Thomson Reuters PLATINUM NYMEX
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    • Article
      Lock icon PALM OIL
      57 26 Nov 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 11 3130 3120 3140 3130 16 694 Dec 11 3129 3136 3160 3120 1327 ***** Jan 12 3108 3119 3160 3100 ***** ***** Feb 12 3102 3123
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    • Article
      Lock icon GOVERNMENT SECURITIES
      75 26 Nov 11 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 103.44 5-Year N*****0W 1.125 01.04.2016 102.48 10-Year NX*****X 2.250 01.06.2021
      75 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 26 Nov 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3050 1.3071 1.0115 1.0123 Canadian dollar 1.2626 1.2644 0.9786 0.9792 Euro 1.7576 1.7591 1.3623 1.3624 NZ dollar 1.0004 1.0017 0.7754 0.7758 Sterling pound 2.0531 2.0548 1.5913 1.5914
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      Lock icon CHICAGO BOT
      93 26 Nov 10 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 11 1158.*****5.*****0.*****8.00 Jan 12 1167.*****5.*****1.*****7.00 Mar 12 1177.*****5.*****1.*****7.00 May 12 1187.*****5.*****0.*****6.50 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Dec 11 50.52 50.99 51.37 50.23 Jan 12 50.74 51.22 51.59 50.46 Mar 12 51.07 51.55 51.90
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      Lock icon OIL
      75 26 Nov 10 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 112.05 -2.11 WTI (Near Mth) 97.66 1.31 Dubai (1-Mth F) 108.09 -0.78 Tapis blend 119.62 -1.54 Minas 114.82 -1.04 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 96.47 -1.42 Jet Kerosene 129.15 -2.10 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Nov 10 Index Change Change Change Change Change Change World Preliminary 819.9 -0.2 -8.7 0.2 -7.2 -0.2 -8.0 ‡EAFE Preliminary 674.6 -1.1 -15.8 -0.8 -13.4 -1.2 -14.1 Europe Preliminary 998.4 -0.2 -14.6
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      Lock icon FOREIGN CURRENCY NOTE RATES
      118 26 Nov 11 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.339 1.276 Can dollar 1.292 1.243 Euro 1.788 1.72 Sterling pound 2.095 2.015 NZ dollar 1.031 0.982 US dollar 1.311 1.261 Local dollars to 100 units of foreign currency: Currencies Sell
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      Lock icon LONDON METALS
      69 26 Nov 10 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2122.25 2106.00 3 months 2140.00 2125.00 Copper, Grade A (US$/tonne) Cash 7457.25 7608.00 3 months 7476.50 7625.00 Lead (US$/tonne) Cash 1917.75 1952.75 3 months 1943.00 1978.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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      Lock icon STOCK MARKETS
      88 26 YTD change:-12.51% 52-week high: 3,312.66 on Nov 11,2010 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg YTD change:-16.92% 52-week high: 24,887.50 on Nov 11,2010 52-week low: 16,170.30 on Oct 4,2011 Source: Bloomberg YTD change: +2.73% 52-week high: 12,876.00 on May 2,2011 52-week low: 10,404.40 on Oct 4,2011 (Chart
      Source: Bloomberg  -  88 words
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  • PERSPECTIVE
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      Lock icon America’s Asia shift not so soon
      1398 28 / 29  -  As the Iran crisis may keep the US heavily engaged, both militarily and diplomatically, in the Middle East, its ‘Pacific Century’ will take a long time to come Leon Hadar Washington correspondent BEFORE US President Barack Obama left Washington for Honolulu, Hawaii, where he
      REUTERS  -  1,398 words
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      Lock icon Starting up with frontier economics
      792 28 / 29  -  To achieve growth, countries need to make their economies more entrepreneurial. By Carl Schramm ~The writer is president and CEO of the Ewing Marion Kauffman Foundation in the United States. He is a co-founder of Global Entrepreneurship Week, which will take place from Nov 14
      792 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Sovereign debt turns sour
        1772 30 / 31 Like other investors, banks clung for a long time to the seemingly inviolable belief that all the countries using the euro would make good on their debts NYT Paris AS THE bets that European banks made on US mortgage investments went bust a few years ago,
        NYT; BLOOMBERG  -  1,772 words
      • BROKERS’ TAKE
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          Lock icon Pan-United Corporation
          218 30 / 31 Buy DBS Vickers Nov 11 Close: $0.47 EARNINGS recovery on volume and ASP growth: Pan-United’s Q3 results came in 25 per cent ahead of our expectation. Net profit more than doubled y-o-y to $8.7 million ahead of our expectation of $7 million due to higher than expected gross
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          Lock icon Genting Singapore
          287 30 / 31 Sell Citi Nov 10 Close: $1.595 DOWNGRADE to Non-Consensus Sell from Buy; lowering TP to $1.50: At 10.5x 2012 EV/Ebitda, Genting Singapore is now trading at a 7 per cent premium to its Macau peers (versus a 10 per cent discount historically), despite weaker market growth prospects. Notwithstanding
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          Lock icon SATS
          240 30 / 31  -  Neutral Compiled by Lynette Khoo DMG Partners Securities Nov 11 Close: $2.38 SATS recorded a 32.3 per cent y-o-y growth in Q2 FY12 revenue (excluding the UK business) to $424.2 million. However, overall Patmi declined 11.3 per cent y-o-y to $40.1 million. The results came in below our expectations,
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      Lock icon Gold ETF calls hit new high post-US downgrade
      1124 32 Investors added US$1.95b to the Gold ETF in the past month, more than any other US-listed commodity exchange-traded fund Bloomberg New York GOLD options traders are placing the most bullish bets since August as Europe’s debt crisis spreads. Calls to buy the
      Bloomberg; AFP  -  1,124 words
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      Lock icon Making sense of banks’ financial statements
      1399 33  -  Accounting for financial institutions is a mess. By Floyd Norris By Floyd Norris NYT New York THIS has been a bad year for banks. With sovereign debt no longer trusted and widespread fears of a new recession in Europe, share prices of banks have
      NYT; AP  -  1,399 words
    • WEALTH REAL ESTATE
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      66 32 asiaSoa Asia's leading Luxury Spa Wellness Publication spa style senses THE DESIGN «r ISSUE TOP 10 SPA DESIGNERS fll. MASTERING THE ART OF WELLNESS THE RISE OF THE DESIGNER SPA DESIGNING ECO SPA SPACES ENCHANTING JAVA DISCOVERING JORDAN VIENNA'S SUPERLATIVE SPAS Ask your local bookshop or make sure of your
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      34 33 Check out these positions and four hundred more in CATS Recruit Executive Appointments in The Straits Times now! FairmountSingaporehaspositions openfora ManagementTrainee NanyangPolytechnichasavacancyfora Communications Officer McDonald'sSingaporeisrecruitinga Systems Consultant Cityneonislookingfora Project Director ColdStorageishiringa Space Management Officer
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      64 36 M AUDEMARS PIGUET Le maitre de I'horlogerie depuis 1875 H r V i •v y t Al) PlGUETjr r y. ATrcr p, s r u> m I t Svri m Jh<, F" 5? V y- ""-'is m w z5S VIS"' r~ V s\ r r s 0 s s w
      64 words
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      60 1 LivingBTTHEBUSINESSTIMESWEEKEND|NOVEMBER12-*****1BTTHE BUSINESS TIMES WEEKEND NOVEMBER 12-13 2011 DINING Avant garde chefs L6-7 STANDING OUT FROM THE CROWD How do smaller malls stack up against the big boys? GOLF Jeev Milkha Singh’s passion L17 GADGETS The skinny on gizmos L14 PHOTO: STOCK.XCHNG TRAVEL Back to nature L10-11 MOTORING A classier CLS
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  • BT Living
    • SHOPPING
      • Article, Illustration
        Lock icon STANDING OUT FROM THE CROWD
        2368 2/3  -  Small malls are in the spotlight, with the opening of Scotts Square and Knightsbridge in the Orchard Road retail belt. Hype aside, Melissa Lwee-Ramsay looks at what it takes for them to stand up to the big boys. By Melissa Lwee-Ramsay mellwee@sph.com.sg SPACE has always
        PHOTO BY JEAN BAPTISTE MONDINO COURTESY OF WOMEN’S FASHION WEEK 2011 SINGAPORE  -  2,368 words
    • DINING
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        Lock icon Mother first, chef second
        1288 5  -  Israel’s queen of curry Reena Pushkarna lets her maternal instincts guide her in the kitchen. guest chef By Debbie Yong debyong@sph.com.sg IT is practically impossible to sit Reena Pushkarna down for a one-on-one interview. In town till next Tuesday for the opening of Pita Pan, her
        1,288 words
      • Article
        Lock icon Avant garde chefs
        19 6/7 A few chefs are pushing the envelope by going the progressive cuisine route. BT Weekend investigates
        19 words
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        Lock icon Windowsill Pies
        593 6/7  -  By Geoffrey Eu btnews@sph.com.sg #01-206 Block 2, Pandan Valley Z9004-7827 pies@windowsillpies.sg IT all started with a cherry pie or rather the lack of one. Brothers Jonathan and Sean Gwee are more knowledgeable about food and how to make it than most young men their age (22 and 19
        PHOTOS OF WINDOWSILL PIES BY JOHN HENG  -  593 words
      • Article, Illustration
        Lock icon 2am:lab
        674 6/7  -  By Geoffrey Eu 1 Fusionopolis Way #02-13, Connexis North Tower Z6467-4066 www.2amlab.org JANICE Wong turned the art of dessert into a science, so it’s no real surprise that she has now taken it one step further with the opening of 2am:lab, a research and development space for chefs in
        ALL PHOTOS BY 2AM:LAB  -  674 words
      • Article, Illustration
        Lock icon Preparazzi and Tabloids
        697 8  -  By Melissa Lwee-Ramsay mellwee@sph.com.sg 29 Boon Tat Street Set to open January 2012 YOU’VE heard of food and drinks pairing but what if the lines are blurred between what you eat and drink where what you eat may be what you drink and vice versa? That is
        YEN MENG JIIN  -  697 words
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      Lock icon Timely gifts
      410 8 A watch from Watches of Switzerland is certainly a thing of beauty meant to last forever SPECIAL FEATURE IF you’re looking for a Christmas present that will stand the test of time, then there’s no better gift than a lovely new watch for that special someone. The million
      410 words
    • TRAVEL
      • Article, Illustration
        Lock icon Back to nature
        1324 10 / 11  -  Savour the subtle pleasures of life at a slower pace in Hokkaido’s secluded Okhotsk region. And the best part is, you can still have it all to yourself. By Lim Sio Hui btnews@sph.com.sg ~The writer was a guest of the Hokkaido District Transport Bureau, Ministry of Land,
        PHOTOS OF MR UENO AND RAINBOW CURRY BY LIM SIO HUI  -  1,324 words
      • Article, Illustration
        Lock icon Autumn’s quiet allure
        1200 12 / 13  -  countrsidedurin fall is a icture of id charm coloured by copper browns and lemon yellows with splashes of fiery red. By Cheah Ui-Hoon uihoon@sph.com.sg ~The writer’s visit was hosted by Japan National Tourism Board COMPARED to the exuberantly flowery spring, when pink and white sakura trees burst
        PHOTOS BY CHEAH UI-HOON  -  1,200 words
    • GADGETS
      • Article, Illustration
        Lock icon The skinny on gizmos
        513 14  -  Christopher Lim pits a pair of the latest slim tech toys against their main competitors to see how well they score Christopher Lim limchris@sph.com.sg Motorola Razr ($888 without contract) vs Samsung Galaxy S II ($998 without contract) If you shopped for a mobile phone between 2004
        513 words
    • HEALTH
      • Article, Illustration
        Lock icon Sex and your heart
        1184 15  -  Breathlessness and a tightness in the chest are danger signs of stress. By Dr Michael Lim btnews@sph.com.sg When is sex too stressful for my heart? WHILE having sex is a normal part of life, many wonder whether their heart can continue to withstand the excitement of
        FILE PHOTO OF RODIN’S THE KISS  -  1,184 words
    • SPORT
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        Lock icon Kick it up a notch
        761 16  -  If basketball on the flight deck of an aircraft carrier is possible, the mind boggles about other novel venues no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor AS far as unconventional venues for sporting events go, the American college basketball game that took place
        PHOTOS: MARINA BAY FINANCIAL CENTRE, REUTERS  -  761 words
      • Article, Illustration
        Lock icon The Silva lining in Manchester City’s clouds
        786 16  -  Malminderjit Singh msingh@sph.com.sg Correspondent THE English Premier League takes a break this week due to the international fixtures, but the English national team will have little respite as they take on Spain in a friendly at Wembley on Saturday. Not only do the
        786 words
    • GOLF
      • Article, Illustration
        Lock icon Passion for game drives him
        1223 17  -  Two-time Asian Tour No 1 Jeev Milkha Singh believes he is fortunate to be making a living out of what he loves doing playing golf. barclays singapore open 2011 By Justine Moss btnews@sph.com.sg WHEN Jeev Milkha Singh won the 2008 Barclays Singapore Open against a
        1,223 words
    • MOTORING
      • Article, Illustration
        Lock icon A CLASSIER CLS
        587 18  -  Based on the new E-Class platform, the second-generation CLS-Class feels like a totally different car because of its size and design. By Samuel Ee samuelee@sph.com.sg WHILE some may still contemplate the contradiction of a “four-door coupé”, there is no doubt that Mercedes-Benz has created an extremely successful
        587 words
      • Article, Illustration
        Lock icon MINI STYLE, MAXI FUN
        555 19  -  The venue for the new Mini Coupé’s introduction to the world’s press was held at a Mini Adventure Camp on an old German military airbase. By Samuel Ee By Samuel Ee THEnewMiniCoupéwillbeunveiledhereinSinga-pore at the Mini Habitat showroom next Wednesday and if the global media launch two
        555 words
      • Article, Illustration
        Lock icon Rumour mill in overdrive
        566 20  -  Kimi Raikkonen’s return to F1 via the Williams team is but one of many stories in the sport’s musical chairs saga. By Samuel Ee f1 watch By Samuel Ee samuelee@sph.com.sg IT’S the silly season in Formula One again, and one that seems to have been made
        REUTERS, AFP, AP, FILE PHOTO  -  566 words
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      63 2/3 i i i i 4 Jewellery Date 10th 12th November 2011 (Thursday Saturday) Venue 4 Hilton Hotel Shopping Gallery, Level 2 Time 11 am 7pm 4 A Italy StoSapore Thailand United ss CZAR W-i r (4, v c-\ '•9 Pf, X A A yixrua/ &a//e/Hi Warutti Ute Effusive JeweCry sara
      63 words
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      743 4 wine&dine with BTWeekend Bar on 5 Level 5, Mandarin Orchard Singapore, 333 Orchard Road Z6831 6288 Bar on 5 is the ideal place to chill out and unwind after a hard day’s work. Located five floors above Orchard Road, it provides a fabulous view of the shopping belt. The beverage
      743 words
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      166 9 watches of Switzerland 3c Cartier B V L G A R BREITLING U»CW» A AT ...r a&j ■mO it ja■aSplS?*'-' ■—V*/ 1 ■gjaap^glfrii •-i'ri'L F. •WffiSi gdSSlg&gSS I r S=^: 0*-T t 9 Established in Singapore over 35 years ago, Watches of Switzerland retails the best in Swiss-made timepieces such
      166 words
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      27 14 MAT3CLASSIFIED Can't stop that leak? Time to call in the professionals. To find out more, turn to CLASS 118 in CATS Classified in The Straits Times now.
      27 words
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