The Business Times, 14 November 2011

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Monday, November 14,
    23 words
  • 723 1 Bloomberg [ROME] Prime Minister Silvio Berlusconi, who dominated Italian politics for almost two decades, stepped down as the fallout from his legal woes and contagion from the euro region’s debt crisis led his government to unravel. Mr Berlusconi presented his resignation on
    Bloomberg; AFP  -  723 words
  • 935 1  -  Broad pact on a free trade zone bigger than EU to be hammered out by next year; Beijing looks away By LEE U-WEN in Honolulu SINGAPORE and eight other countries have agreed to phase out tariffs and bring down other barriers to
    HO PENG YEW/LIANHE ZAOBAO  -  935 words
  • 158 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST INDEX 2,790.94 -57.30 KL COMP 1,468.75 -8.76 NIKKEI 225 8,514.47 -286.93 HANG SENG 19,137.17 -705.62 SET INDEX 970.97 +13.66 JAKARTA COMP 3,778.89 -4.74
    158 words
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  • TOP STORIES
    • 591 2 Free trade breakthrough, but China is staying aloof SINGAPORE and the eight other countries have agreed to phase out tariffs and bring down other barriers to trade as soon as possible. They have set an “ambitious” July 2012 deadline to conclude negotiations on the wide-ranging Trans-Pacific Partnership free
      591 words
    • 662 2  -  Viability on the line; reports say India may ease foreign investment curbs By MALMINDERJIT SINGH in Bangalore DEBT-RIDDEN Indian carrier Kingfisher Airlines sank deeper into trouble yesterday as it emerged that banks have decided against providing additional funds to the airline to help it continue
      AFP  -  662 words
    • 700 3  -  Free trade pact will give S’pore better access to partners’ markets, he says Reports by LEE U-WEN in Honolulu AT a time of instability in the global economy with Europe facing a deep financial crisis, the Trans-Pacific Partnership (TPP) will
      AFP  -  700 words
    • 424 3 IT will soon be a breeze for Singaporeans who frequently travel to the United States to clear immigration and customs upon arrival. This after the Republic was chosen as the first country in South-east Asia to have a bilateral “trusted traveller arrangement” with
      424 words
    • 830 5  -  Box rates are north of US$2,000 from US$1,400 at the start of the year Reports by in Lagos LYNN KAN in Lagos WITH battered box rates on the Asia-Europe trade corridor souring the mood and hacking the profits of shipping lines, the far-less-ploughed Asia-West
      830 words
    • 703 5 TEN different ministries and state agencies in Nigeria intend to divest stateowned infrastructure assets some by year’s end. The “accountable and transparent” privatisation template they want to follow is that of the ports industry, the first industry deregulated in Nigeria, in 2005.
      703 words
  • Page 2 Advertisements
    • 220 2 What makes an MBA program "Executive"? We believe it's about experience. Behind the Rutgers Executive MBA program stands the experience and global reputation of Rutgers University, the 8th oldest university in the United States. Our professors are both highly regarded academics and global industry experts who bring their real-world business
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    • 139 3 GP GIRARD -PERREGAUX CELEBRATING 220 YEARS GIRARD-PERREGAUX 1966 Tourbillon Pink gold case, individually engraved case back, Girard-Perregaux automatic mechanical movement. Tourbillon, hours, minutes, small second on the Tourbillon. GP GIRARD-PERREGAUX /O 4 5 7 A FJ BENJAMIN F J Benjamin Service Centre 230 Orchard Road, #04-230 Faber House, Singapore *****4
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  • Page 4 Advertisements
    • 412 4 ih*m K r ■IP Now into its 10 th year, Singapore Prestige Brand Award has grown to be the highly esteemed Award that many SMEs aspire to win. This year, we see a surge in participation from many brands from diverse fields including F&B, retail, manufacturing and IT, just to
      412 words

  • Page 5 Advertisements
    • 18 5 MACCAFERRI FLOOD CONTROL SYSTEMS ARE HELPING TO PRESERVE CANALETTO'S VENICE. Credit Suisse helped from a financial perspective. credit-suisse.com/clients
      18 words

  • Page 6 Advertisements
    • 244 6 iffmV* L'J V > 'A'*-- iV -jAV >•• i' 1 vA'- 1 Ln -J .A"vi'k fAfpM i iPpl Msg#? if## N%i' i-'fii ifffef-fil PF SP# AFTFE#I#4 T.V V5 >/E XLKPA iS ?*w k >\ jb%*\ y\ \,-v AS A >v* V;V'1i- 'f J 1 tym R A IFE# m wm
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  • COMPANY NEWS
    • 690 7  -  But DBS-SingPost tie-up won’t yield products of that era HOCK LOCK SIEW By SIOW LI SEN LAST week’s news that DBS Bank will offer basic banking services at the post office has conjured up expectations that it might revive the people’s bank. Millions of Singaporeans have
      690 words
    • 463 9  -  Sunshine, Ying Li, Jishan in the red; People’s Food, Dukang, Yongsheng in the black By TEH SHI NING THE six S-chips which released their latest quarterly financials over the weekend delivered a mixed bag of results. Three of these Singapore-listed Chinese companies
      463 words
    • 1107 9 Payment Ex Books Pay Ann (cts) date close date date 800 Super Hldgs ak 0.550 28-Oct 01-Nov 17-Nov 10-Oct Ace Achieve Infocom bo 0.400 28-Oct 01-Nov 18-Nov 19-Oct AIMS Amp Cap Ind Reit ag 2.500 18-Oct 20-Oct 07-Dec 07-Oct Amtek Engg an 5.500 04-Nov 09-Nov 22-Nov 26-Aug Ascendas
      1,107 words
    • 403 9 Nov 11 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
      403 words
    • 311 9 COMPANY MEETING PLACE DATE TIME Fuxing China Grp S FTSE Room, 9th Floor, Capital Tower, 168 Robinson Road, Singapore *****2 14-Nov 4.30pm HLN Tech E Keppel Club, Seminar Room Bukit Chermin Rd Singapore *****8 16-Nov 3.00pm Hu An Cable E 168 Robinson Road, Capital Tower, FTSE Room, 9th
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    • 778 9 3 months ended Sept 2011 9 months ended Sept 2011 NET PROFIT (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 Golden Agri 674.64 329.10 105.0 5998.68 3003.20 99.74 142.16 128.62 10.5 2025.27 1251.27 61.9
      778 words
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  • SINGAPORE MARKETS
    • 642 8  -  STOCKS R SIVANITHY Senior Correspondent IT’S difficult to see any major change this week from the dozen or so preceding it which bore these characteristics high volatility, low volume and a focus on all things European. Such was the case last week when
      642 words
    • 509 8 CURRENCIES Bloomberg [NEW YORK] The euro rose from a one-month low versus the dollar last week amid optimism that European leaders are tackling their debt crisis after Italy’s Senate approved an austerity Bill last Friday and Greece swore in a new prime minister.
      Bloomberg  -  509 words
    • 534 8 COMMODITIES AFP [LONDON] Prices of industrial metals slid last week as the ongoing eurozone debt crisis dented demand for copper and tin, but oil futures rose thanks to geopolitical tensions over Iran. Base metals: Major industrial metals prices declined, except for aluminium. “Base
      AFP  -  534 words
    • 1537 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Cap Ind REIT 2.00 2.00 2 9.15 10.60 1.32 0.97 Amtek Engg 2.00 2.00 5 0.10 4.62 1.05 0.59 ARA Asset Mgt 1.71 1.71 7
      1,537 words
    • 4 8 WEEKLY
      4 words
    • 65 8 Nov 11 VALUE CLOSE BT OB/OS -436.00-235.00 BT CADI -*****.00 +57.00 BT 10-day MA -*****.00 -44.00 FTSE ST Mid Cap 618.82 +3.02 FTSE ST Small Cap 417.37 -0.45 FTSE ST All Share 669.61 +1.22 FTSE ST China Top 191.83 +1.01 FTSE ST China 226.43 +1.79 FTSE ST
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    • 58 8 VOLUME Noble Grp 712,896,000 Genting SP 476,029,000 Golden Agri 276,155,000 MDR W*****5 188,929,000 MDR 125,881,000 S i2i 125,164,000 SingTel 99,941,000 CNMC 98,727,000 PSL Hldgs 92,639,000 Oceanus 90,278,000 VALUE($) Noble Grp 898,547,679 Genting SP 786,767,651 SingTel 314,477,270 Wilmar 289,838,008 UOB 270,159,291 DBS Grp 232,204,089 Keppel Corp 230,390,682 Golden
      58 words
    • 117 8 BY CENTS CLOSE UP DBXT iBoxxKR 5US$ ***** 1156.0 7.4 DBXT DBLCI-OY 5US$ 3998 272.2 5.6 DBXT AUD Bonds 5AU$ ***** 245.3 1.1 DBXT AUDMM 5SG$ ***** 206.0 0.8 GLD 10US$ ***** 183.2 0.8 JMH 5289 165.2 2.5 Asia Pac Brew 2650 150.0 6.0 DBXT MSUSA 10US$ 3006 82.6
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    • 120 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-878.6 -6.1 Lyxor AsiaMT 10US$ 5358-532.9 -7.2 DBXT MSKorea 10US$ 5308-363.8 -5.0 DBXT E50 10US$ 3482-237.4 -5.0 IS DJ US Tech 6485-183.2 -2.1 DBXT FTVietnam 10US$ 2174-174.2 -5.8 DBS Bk 4.7% NCPS 100 *****-160.0 -1.5 Lyxor MS India 10US$ 1316-147.1 -8.0 IS
      120 words
    • 5 8 WEEKLY
      5 words
    • 1681 10  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director at Asia Insider Ltd THE buying by directors rebounded after falling for four straight weeks with 11 companies that recorded 16 purchases worth $13.19 million based on filings on the Singapore Exchange during the
      1,681 words

  • Page 9 Advertisements
    • 37 9 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      37 words
    • 34 9 LGT your private bank in Asia. Integrity. Stability. Performance. Combining traditional private banking with state of the art investment advice. Singapore, Phone +65 64 15 38 00 Hong Kong, Phone +852 2868 0201 www.lgt.com
      34 words

  • Page 10 Advertisements
    • 960 10 WATS NOTICES Technology BEYONICS TECHNOLOGY LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****8168G NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 17th Annual General Meeting of the Company will be held at Raffles Marina, Bridge Room, 10 Tuas West Drive, Singapore *****4 on Tuesday,
      960 words
    • 675 10 U.S. FRANCHISES EXPANDING IN SINGAPORE AND MALAYSIA Educational programs focused on creativity, innovation entrepreneurship for corporate executives, schools and children ages 5-15. Seeking Master Licensees Single Center Licensees US$25,000 Investment Required for Single Center Licensee The presentation and meeting will be held on 17 th and 18 th Nov 2011
      675 words
    • 185 10 Advertising Feature OWNED BY VIETNAM NATIONAL PETROLEUM CORPORATION [PETROLIMEXI Due to the exciting growth and demand for oil storage facilities in the Asia Pacific region, our company Vietnam National Petroleum Corporation (Petrolimex, Vietnam) has built a bonded petroleum storage terminal at VanPhong. This is located on My Giang Island, Ninh
      185 words

  • SINGAPORE NEWS
    • 660 11  -  Tower Watson says that would yield tangible benefits By CHEN HUI FEN WITH healthcare inflation climbing at a faster rate than salary increases, employers in Asia, including Singapore, will need to do more to manage their healthcare strategies, if they are to reap
      660 words
    • 417 11  -  They accounted for 89% of the $9.55b investment turnover in first 9 mths of ’11 By EMILYN YAP LOCAL investors’ share of commercial property deals in Singapore rose in the first nine months of the year as interest from the West remained muted. According
      Source: CBRE  -  417 words
    • 1297 12  -  Co-founder Anshuman Gupta sees the risk in memory business as a challenge and an opportunity to value add By CHAN YIK HUNG, CHUA AIK XIN, MAO XIHUI TO “build an organisation which will outlive us and be a Fortune 500 corporation”. That is the vision
      YEN MENG JIIN  -  1,297 words
  • Page 11 Advertisements
    • 24 11 > u JU TTUj FIND THE ONES THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise.
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    • 530 11 Gold Stocks ry* -Bonds \J I VJ Gold Commodities FX Crosses FX ETCs CFDs I IUUI Litri rj >(|ni i Options Bonds v «C^t»« k "CFDs > c, 41, Bonds FX Commodities FX se^,\o^cv° c <rkCrosses FX Options Gold FX \^VsS5cF D s Stocks ETFs ETCs V OX Futures FX
      530 words

  • Page 12 Advertisements
    • 243 12 I l> Jean-Marie Janssen Head 0/Credit Luxembourg BNP Paribas Wealth Management Looking to finance your ambition? Look no further -I I m- I AS FINANCING SOLUTION EXPERTS, WE PUT YOUR GOAUS WITHIN REACH With ambition comes goals, with goals come Jinancial commitments. At BNP Paribas Wealth Management we have the
      243 words

  • EUROZONE CRISIS
    • 1500 13 A host of problems may fast overwhelm Europe’s progress despite drastic and tangible steps being taken by Italy and Greece NYT [BERLIN] THE window of opportunity to save the euro is rapidly closing, as the sovereign debt crisis erodes the solvency of Europe’s
      NYT; AFP; AP  -  1,500 words
  • Page 13 Advertisements
    • 81 13 DEVELOPER'S SAL! Huttons (Licence No: L*****99K) 4 iUMJ.L -'i« vm*D |N 1» \b. Jft* A simply stuning Rare Freehold develpoment with stylish facade with Commecial Shops Units, 32 Office Units 1 Roof Top Fitness with Swimming Pool Unit. All Units come En-Suite and with Private Lifts. Great Returns On Your
      81 words

  • VIEWS FROM THE TOP
    • 2967 14 THIS WEEK’S TOPIC Is Singapore moving in the right direction with its mature workers? What are the challenges of facilitating an age-friendly workplace and how can they be overcome? Lynne Ng Regional Director Adecco SEA SINGAPORE is absolutely moving in the right direction with its mature worker
      THE NEW PAPER FILE PHOTO  -  2,967 words

  • Page 15 Advertisements
    • 47 15 WE'RE AT HOME WHEREVER OUR CLIENTS ARE AT HOME. Distinctively From Asia to Europe, our global network and unique insights help clients everywhere take their business and investments anywhere. T piV[n"ro'Q"n Look for new insights and perspectives every week on jpmorganglobal.com or by scanning the QR code.
      47 words
    • 12 15 A full list of views from CEOs is also available at http://businesstimes.com.sg
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 998 16  -  The moon, football matches, and the ‘Monday effect’ could all have an impact on a stock’s performance By NICHOLAS BRAY WORRIED about your stock portfolio? Amid today’s wild market gyrations, it can be hard to get a grip on what, exactly, causes moves in share prices.
      998 words
    • 1275 16  -  Brother-sister duo who successfully run two salad shops in SMU eye launching franchise in five years, STARTING YOUNG reports TEH SHI NING HEALTHY fast food is no oxymoron and is gentle on the wallet too, say Jocelyn and Joseph Chan. This brother-sister duo, “Chief Saladiers”
      YEN MENG JIIN  -  1,275 words
    • 353 16 ASK DR INVEST Q: I have been reading the investment literature, and since I am rather risk averse, I am thinking of investing in bonds. How do I go about it? A: The bonds available to local investors take the form of Singapore Government
      353 words
  • Page 16 Advertisements
    • 323 16 Get started now ‘Spot the Index’ contest THINK you can forecast where the market’s headed? Then put your skills to the test and familiarise yourself with our local stock market index, the Straits Times Index (STI), now. Simply spot the weekly closing index rate and stand to win an Apple
      323 words

  • ECONOMY WATCH
    • 550 17 AFP [LONDON] Despite the popularity of natural gas, coal is set to remain a major energy source alongside oil over the next 25 years on strong Asian demand and an uncertain outlook for nuclear power. “Coal will be very competitive for a long
      AFP  -  550 words
    • 427 17 Bloomberg [SYDNEY] Australian Prime Minister Julia Gillard’s pledge to return to a budget surplus in 2013 has been made “a lot tougher” by Europe’s sovereign debt crisis, Treasurer Wayne Swan said yesterday. “The hit to government revenue caused by the
      Bloomberg; AP  -  427 words
    • 593 17 Conditions have changed too much for any accord to be reached AFP [GENEVA] Ten years ago, member states of the World Trade Organization launched the Doha Round of negotiations for a global trade liberalisation pact with great fanfare. But a decade
      AFP  -  593 words
  • Page 17 Advertisements
    • 98 17 SARASIN From Every Angle we Offer a Distinct Perspective on Wealth. We've spent some 170 years crafting distinctive private banking solutions. Bank Sarasin cherishes a balanced and sustainable approach not only in terms of growth, resources and investing, but to expertise that has been trusted for generations. Bank Sarasin offers
      98 words

  • MALAYSIA/INDONESIA
    • 539 18  -  Economy improves but it sees bigger danger to growth from outside MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent BANK Negara Malaysia (BNM), the country’s central bank, kept policy rates unchanged last week at 3 per cent, in line with street expectations. BNM has got other fish
      539 words
    • 395 18 Reuters [KUALA LUMPUR] Erratic weather that is slowing palm oil output growth and strong demand will lift benchmark Malaysian futures to RM3,300 in January, top industry analyst Dorab Mistry said. Mr Mistry, who heads the trading desk for India’s Godrej International, said he was
      Reuters  -  395 words
    • 764 18 AFP [KUALA KENCANA, Indonesia] After more than a decade of hard work and long hours driving a truck through the mountains of Indonesia’s remote Papua province for US mining giant Freeport McMoRan, Nus Magay refuses to work for anything less
      AFP  -  764 words
    • 1828 18 VOL Nov 11 RM +/-(‘000) A M Realty 0.43 -0.02 10 Abric Bhd 0.32 -0.02 82 Advance Synerg 0.20 -0.01 4364 Adventa Bhd 1.74 0.09 171 Ae Multi Hldgs 0.33 -0.02 1794 Affin Holdings 2.87 -0.01 197 Ahmad Zaki Res 0.69 unch 71 Aic Corp 1.29 unch 0
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  • Page 18 Advertisements
    • 1 18 GETITNOW
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  • GREATER CHINA/INDIA
    • 626 19 Falling demand for homes may affect trade in commodities and consumer goods AFP [BEIJING] China’s property market, a mainstay of the world’s second-largest economy, has started to suffer a downturn that could have a knock-on effect on global trade in commodities,
      AFP  -  626 words
    • 489 19 NYT [BEIJING] A scientific study has found that the Three Gorges Dam, the world’s largest hydropower project, has not contributed to climate change, according to a report by Chinese state news agency Xinhua. The study, published by the Social Sciences Academic
      NYT  -  489 words
    • 378 19 Reuters [MUMBAI] From chip plants to research parks, India must invest in an electronics manufacturing base to sate the swelling demand for smart phones, laptops, and other gear or risk an import bill larger than for oil, a top adviser to the prime
      Reuters  -  378 words
  • Page 19 Advertisements
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  • WORLD
    • 798 20 Move comes in wake of tighter bank credit, high unemployment AFP [MADRID] When Jorge Lucero decided he needed a bigger home for his growing family, he knew it would be tough getting a loan from Spain’s risk-shy banks. So instead of buying, he
      AFP; BLOOMBERG  -  798 words
    • 900 20 AP [SAVANNAH, Georgia] Think of them as the senior class of the “usual gang of idiots”. Or the original MAD men perhaps. There’s Al Jaffee, who at 90 still draws the optical illusion fold-in gags for MAD magazine’s back
      AP  -  900 words
    • 574 20 Securities panel may suggest slapping levy, charging execs Reuters [TOKYO] Japan’s securities watchdog may recommend that a levy be imposed on Olympus Corp for false financial reports, a source familiar with the case said yesterday, a move which could prevent a delisting of the
      Reuters  -  574 words
    • 428 20 Bloomberg [PARIS] Citigroup agreed to sell EMI Group’s recorded music and publishing businesses in separate transactions for a combined US$4.1 billion. Vivendi SA’s Universal Music Group will buy EMI’s record labels, home to Katy Perry and Coldplay, for £1.2 billion (S$2.5 billion),
      Bloomberg  -  428 words
    • 985 21 Indonesian group surprised by British tycoon’s stunning rebuke of CEO Reuters [LONDON] It was supposed to be a union of two legendary business dynasties, one West, one East. Nathaniel Philip Rothschild, the 40-year-old scion of the storied European banking family, forged a deal
      Reuters  -  985 words
    • 618 21 AFP [ABU DHABI] Lewis Hamilton produced a near-flaw-less performance yesterday when he took full advantage of the early retirement of double world champion Sebastian Vettel to win a sizzling “day-night” Abu Dhabi Grand Prix. Driving his McLaren with measured assurance and great
      AFP  -  618 words
    • 428 21 Bloomberg [PERTH] The Australian city of Gold Coast will host the 2018 Commonwealth Games in a win that could boost the economy by A$2 billion (S$2.6 billion), according to the Queensland state government. Gold Coast won 43 votes, beating the Sri Lanka port
      Bloomberg  -  428 words
    • 852 22  -  Stocks expected to continue last week’s late rally as Monti is installed as new PM WALL STREET INSIGHT By ROB CURRAN THE US stock market sat on the other side of the seesaw to Italian bond yields last week and will
      852 words
    • 681 22 Insurers held about 151b euros of Italian government bonds Reuters [LONDON] European insurers, on the front line of the region’s sovereign debt crisis because of their big exposure to distressed Italian bonds, will be forced to share losses with customers and rely
      Reuters  -  681 words
    • 708 22 AFP [PARIS] President Nicolas Sarkozy is not ready to admit it, but France has begun to fear that it will be next in the markets’ firing line as the debt crisis spreads from Greece and Italy. The ratings agency Standard
      AFP; REUTERS  -  708 words
    • 606 22 AFP [ATHENS] Greece’s new Prime Minister Lucas Papademos has held urgent talks with French President Nicolas Sarkozy and German Chancellor Angela Merkel on the bail-out for his debt-hit country. Both Mr Sarkozy and Ms Merkel underlined the need for Greece to implement the
      AFP  -  606 words
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  • Page 21 Advertisements
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      103 words


  • AVIATION/SHIPPING
    • 867 23 US$26b deal from Emirates for up to 70 B777s signed at Dubai Airshow Bloomberg AFP [DUBAI] Boeing Co has secured the biggest order yet in its almost 100-year history after signing a US$26 billion agreement with Emirates for as many as 70 Boeing
      Bloomberg; AFP  -  867 words
    • 576 23 Lenders to reduce exposure to industry due to low freight rates, debt crisis: Citi Reuters [LONDON] Bank lending to the shipping industry is set to shrink in the coming months as low freight rates and the eurozone crisis will prompt
      Reuters  -  576 words
    • 374 23 AFP [HUESCA, Spain] Not a sound in the departure hall, not a single person at the check-in counters: in the north-eastern Spanish city of Huesca a ghost airport awaits its hypothetical passengers. It is an eerie symbol of a crisis-struck country,
      AFP  -  374 words
    • 347 23  -  By VEN SREENIVASAN [SINGAPORE] A growing customer and operator base plus an increasing business volume have prompted Airbus to create a new business unit, Airbus Corporate Jets, to better respond to this part of its business. The Airbus Corporate Jets unit will put together
      347 words
    • 428 23 Reuters [LONDON] Prospects for dry shipping are set to remain poor for two to three years as the sector struggles with a glut of vessels, while crude tankers face more pain in 2012 as economic problems add to supply pressures, Citigroup’s
      Reuters  -  428 words
  • Page 23 Advertisements
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  • Page 23 Miscellaneous
    • 351 23 CRYPTIC CROSSWORD Across 1 Initially arranged a wager with dodgy caliph outside (10) 6 Left brute food (4) 9 Master game and finally steal queen (5) 10 My acting’s awfully athletic (9) 12 Hold prisoner and almost become infected (7) 13 Where you’ll find locks made from tin and aluminium?
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  • DINING OUT
    • 871 24  -  By Debbie Yong NEW RESTAURANT Zaffiro 8 Marina View #01-01 Asia Square Tower 1 Tel: 6636-0589 Opening hours: 11.45 to 2pm and 6.30-10pm IF any new restaurant were to face sky-high expectations, it would probably be Zaffiro. The chic little 60-seater is celebrated Italian chef Giuliano Dacasto’s
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    • 671 24  -  By Cheah Ui Hoon WHITE TRUFFLE MENUS Da Paolo Il Terrasse Tel: 65-6476-1332 Forlino Tel: 6877-6995 Au Jardin Now open for lunch Tues-Fri and Sun Tel: 6466-8812 RESTAURANTS have started rolling out the menus for white truffles, and the take-up rate for it seems enthusiastic despite
      671 words
  • Page 24 Advertisements
    • 240 24 An Evening Of Brews hosted by Asia Pacific Breweries and The Business Times WIN A'BEER-PAIRING ASIAN-INSPIRED DINNER FOR 2 WORTH $396 ++l The Business Times Weekend offers a relaxing read with a balance of key news updates and exciting lifestyle features in an exclusive Living section. We continue to engage
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  • SINGAPORE STOCKS
    • 8446 25 Week ended: Nov 11 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 11.6 8Telecom 15.5 +2 51 15.5 11.6 11.5 15.5 7.8 3.9 3.2 74.2 9.5 4.1 A-Sonic 4.8 +0.2 177 4.8
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    • 1668 26 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 12.2 t 800 Super 13 -1.2 512 13 12.2 13 13.5 4.7 4.2 5 23.2 5.5 2.5 t AA Grp 3.3 +0.3 20
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    • 114 26 Stock name Close Change CapMallsAsia 1.345 +0.015 CapitaLand 2.690 +0.050 CapitaMall 1.760 +0.010 CityDev 10.260 +0.010 ComfortDelGro 1.395 -0.010 DBS Grp 12.640 +0.050 F&N 6.210 +0.120 GLP 1.780 +0.070 Genting SP 1.595 -0.090 Golden Agri 0.660 Stock name Close Change HK Land 4.760 +0.150 JMH 52.890
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    • 2612 26 Transaction date: Nov 11 HONG KONG Vol HK$ +/-'000 Aeon Credit 5.94 unch 0 Aeon Stores 18.00 1.20 2 Angang Steel 5.16 -0.02 ***** Anhui Conch 26.30 -0.20 ***** Anhuiexpresswa 4.51 -0.05 464 Asia Satellite 15.40 0.26 1 Asm Pacific 83.50 1.85 362 Bank Of E Asia 27.35
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    • 260 26 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A39 +1 20 39 35.5 39 46.5 3.6 9 3.1 101.6 50.5 25.5 Genting HK US$ US28.5 -0.5 ***** 29.5 27.5 28 28.5 1876.6
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    • 186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 9 3 0 0 0 5 9 3 Manufacturing 55 101 35 10 6 9 65 107 44 Commerce 21 37 10 3 6 3 24 43 13 Tpt/Stor/Comms 10 28 8
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    • 986 26 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 116.3 +0.1 84 117 115 115.9 119 530.9 1261 856 CIMBAsean40 100US$ US954 -33 36 992 947 955 964 38.2
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    • 121 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 68,422 68,422 301,982 301,982 Manufacturing 714,009 26,953 740,962 815,809 258 816,067 Commerce 967,753 13,394 981,147 1,234,549 1,392 1,235,941 Tpt/Stor/Comms 510,753 96,997 607,750 639,370 9,563 648,933 Finance 64,954 64,954 675,205 675,205 Construction 143,128 88,062 231,190 44,083
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  • Page 26 Advertisements
    • 26 26 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 373 27 In local curr In S$ In US$ dy yr dy yr dy yr Nov 11 Index Change Change Change Change Change Change World Preliminary 835.4 1.8 -6.9 1.7 -5.5 2.3 -5.8 EAFE Preliminary 685.2 1.6 -14.5 2.0 -11.7 2.6 -11.9 Europe Preliminary 1021.4 2.3 -12.6
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    • 128 27 As on 11 November 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METALS GOLD FUT DEC2011 1785.50 1762.50 1788.20 256 SILVER FUT DEC2011 34.700 33.800 34.685 42 CURRENCY AUD-USD FUT DEC2011 1.0133 1.0062 1.0237 2908 EUR-USD FUT DEC2011 1.3794 1.3596 1.3750 7693 GBP-USD FUT
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    • 77 27 CRUDE OIL PRODUCTS Nov 10 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 112.05 -2.11 WTI (Near Mth) 97.66 1.31 Dubai (1-Mth F) 108.09 -0.78 Tapis blend 119.62 -1.54 Minas 114.82 -1.04 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 96.47 -1.42 Jet Kerosene 129.15 -2.10 US$/barrel Opec Oil
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    • 107 27 Nov 11 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 11 1166.00 1158.00 1168.00 1159.25 Jan 12 1175.50 1167.50 1181.00 1168.00 Mar 12 1185.75 1177.25 1190.75 1179.00 May 12 1196.00 1187.00 1201.00 1188.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 11 50.98
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    • 75 27 Nov 11 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 09.02.2012 0.30 1-Year BY*****W 01.11.2012 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.44 5-Year N*****0W 1.125 01.04.2016 102.48 10-Year NX*****X 2.250 01.06.2021
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    • 451 27 Nov 11 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4150 0 2722 Mar12 99.3150 0 3614 Jun12 99.3000 0 1151 Sep12 99.2800 0 381 EUROYEN TIBOR FUTURES Dec11 99.6750 99.6750 99.6750 99.6750 100 2534 Mar12 99.6700 99.6700 99.6675 99.6725 0 2178 Jun12 99.6750 0 1470
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    • 161 27 Nov 12 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 11 324.0 314.0 323.5 106 372 Jan 12 325.0 316.0 325.5 60 294 Feb 12 328.5 205 Mar 12 333.5 280 Apr 12 339.0 145 May 12
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    • 69 27 Nov 11 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2144.35 2122.25 3 months 2162.00 2140.00 Copper, Grade A (US$/tonne) Cash 7620.50 7457.25 3 months 7639.00 7476.50 Lead (US$/tonne) Cash 1970.00 1917.75 3 months 1995.00 1943.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.50
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    • 82 27 Nov 11 COCOA (£/tonne) Close Prev High/Low Dec 11 1575 1583 1594/1565 Mar 12 1596 1605 1614/1584 May 12 1610 1620 1629/1600 Jul 12 1625 1637 1645/1615 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1802 1780 1802/1801 Jan 12 1850 1837 1869/1830 Mar 12 1887 1875 1902/1868 May 12
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    • 2151 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 45 52.50 30 ASJ Hldgs W*****1 0.2 1 4 27 16.50 3 AlliedTech W*****2 1.7 1 4 24 Ascendas Reit.ES.1111 203 Aztech Grp W*****3 0.4
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    • 464 27 Nov 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.034 6.420 0.743 7.873 50.843 90.929 0.784 11.400 3.184 1.305 87.625 43.820 1.306 8.065 0.918 30.539 31.187 0.636 1.012 Canada 0.967 6.211
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    • 82 27 Nov 11 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 140 27 Nov 11 GOLD (US$/oz) Nov 11 Nov 10 Hong Kong 1766.00 1768.00 Nov 10 Nov 11 London 1744.55 1775.22 1745.35 1776.22 Source: Thomson Reuters Source: Reuters CAST BAR Nov 11 (S$) Selling Buying Kilobar 78,352.89 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 176 73 5gm 498 365
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    • 60 27 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 3146 3160 3120 1392 ***** Jan 12 3108 3135 3160 3100 ***** ***** Feb 12 3102 3135
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    • 21 27 Nov 11 Open High Sett STI Nov 2790 SIMSCI Nov 319.0 319.0 317.0 Taiwan Nov 257.5 261.6 261.5
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    • 154 27 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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    • 22 27 Nov 11 S$ Bid Offer 1-month 1.2902 1.2912 2-months 1.2902 1.2912 3-months 1.2900 1.2910 6-months 1.2881 1.2894 Source: OCBC
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    • 121 27 As at 9am 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
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    • 154 27 Nov 11 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 3/16 2-months 5/16 3/16 3-months 5/16 3/16 Overnight mode: 0.03 US$ 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
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  • 4524 28 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
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  • Page 28 Advertisements
    • 41 28 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 29 Advertisements
    • 101 29 Shipping lines seeking reliable logistics partners R rgently n cl ca by shippers n they -Find youi re in the Shippii servio ig Time THE BUSINESS TIMES SHIPPING TIMES Come publicise your Corporate Image, Award Wins Certifications, Ship Christenings Delivery of Newbuilds, Project Completion, Vessel Conversion Refurbishment, Corporate Developments and
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 694 30  -  Canon’s Ambition Gap Survey reveals that companies with fewer than 200 employees continue to be bullish about their goals and ambitions, reports AMIT ROY CHOUDHURY THE second edition of Canon’s Ambition Gap Survey, released last week, shows that small companies with between
      694 words
    • 359 30  -  By VICTORIA HO DOUGLAS Gan is stepping down from his post as chief executive of local startup ShowNearby. In his place, Lilian Seah most recently in the regional management team at Sterling Commerce, a B2B commerce software provider that was acquired by
      359 words
    • 837 30  -  Amazon and Barnes Noble’s new offerings could shake-up the industry COMMENTARY By JOSHUA TOPOLSKY Joshua Topolsky is the founding editor in chief of the Verge (www.theverge.com), a technology news website debuting this fall, and the former editor in chief of Engadget. He
      LAT-WP  -  837 words
    • 253 30  -  AMIT ROY CHOUDHURY CANON has collaborated with Nuance Communications to launch a solution which helps convert hardcopy documents into Excel and Word formats or PDFs, leveraging on cloud infrastructure. Nuance Communications provides speech and imaging solutions and the products. Nuance eCopy Scan-to-Cloud would be a standard
      253 words
    • 780 31  -  It offers switches that promise a 35% drop in total cost of ownership, reports VICTORIA HO DATA centre network flattening is all the rage this year, and Brocade continues to push the trend with its new product line-up, say analysts. Late last week, the
      780 words
    • <what’s up>
      • 41 31 ANDY Cocks is the new chief technology officer (CTO) for Dimension Data Asia-Pacific. This is a newly-created role within the firm. Datacraft was rebranded as Dimension Data in May this year, after it went private.
        41 words
      • 53 31 GAVIO has released its Alchemy portable speaker. It is rechargeable and water-resistant, can be plugged into a 3.5mm jack and will accept music on a MicroSD card. It will retail for $63.90, to be released by the end of the year at most Apple retail outlets
        53 words
      • 47 31 SONY has released a home 4K projector. 4K is four times the resolution of full high-definition streams, and can produce screen sizes of up to 200-inches (diagonally). Sony’s VPL-VW1000ES projector is also capable of 3D screening, and is priced at $31,999.
        47 words
      • 71 31 SONY’S new DFP-WA700 is a 7” photo frame that is capable of connecting to the Internet wirelessly. It allows photos to be retrieved from Facebook or from an e-mail account, providing another way to get photos into the device. It has a 1Gb internal memory
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      • 36 31 ASUS has announced a tablet with the Nvidia Tegra 3 quadcore processor, the Eee Pad Transformer Prime. The tablet is 8.3mm thick, running Android 3.2 Honeycomb and has an 8 megapixel camera.
        36 words
      • 91 31  -  Compiled by VICTORIA HO SAMSUNG has announced two new smartphones under its Galaxy series, the Galaxy Nexus and Galaxy Note. The Nexus runs Android 4.0 Ice Cream Sandwich, and has a display measuring 4.65” with a 1.2Ghz dual core processor. It will be priced at
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  • Page 30 Advertisements
    • 28 30 Over 1 20,000 downloads! Sl»w«/"TWs... hS J T BE Get your free iPhone/iPad app now! *asof 17th Oct 2011 91.3FM TCDflV'S BEST MUSIC Available on the App Store
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  • Page 31 Advertisements
    • 1540 31 Commonwealth Bank of Australia A.C.N. 123 123 124 COMMONWEALTH BANK OF AUSTRALIA FINANCIAL YEAR ENDED 30 JUNE 2011 All amounts are expressed in Australian dollars Income Statements For the year ended 30 June 2011 Group Bank 2011 2010 2009 2011 2010 $M $M $M $M $M Interest income 37,304 32,215
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  • Page 32 Advertisements
    • 273 32 Using data to shelter a city. In recent decades, innovation and growth have allowed many of the world's major cities to experience progress at levels unparalleled in history. Unfortunately, even the most modern metropolis is at the whim of the one thing they can't control: the weather. Natural disasters cost
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