The Business Times, 22 November 2011

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Microfilm: NL31701
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Tuesday, November 22,
    23 words
  • Article, Illustration
    Lock icon Growth may slow to a crawl next year – or stall
    701 1  - Growth may slow to a crawl next year or stall Govt cuts forecast to just 1-3% but a recession in major economies may make things worse By CONRAD TAN [SINGAPORE] Singapore’s economic growth is expected to slow sharply to just 1-3 per cent next year and could stall if the
    Source: Ministry of Trade and Industry  -  701 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 HST INDEX 2,697.98 (-32.36) HST INDEX FUTURES 2,698 (-32) HSIMSCI 306.88 (-4.26) HSIMSCI FUTURES 306.40 (-5.30) FOREX US$ S$ US$ (S$ per US$) 1.300 (US$/S$ per 1.573 2.045 EURO (US$/S$/E) 1.347 1.751 Foreign currency per US$ S$ YEN 76.80 59.10 RM 3.176 2.443 HK$ 7.789 5.992 BAHT 31.05
    141 words
  • Article, Illustration
    Lock icon Queues return for Bedok condo launch
    297 1  -  By UMA SHANKARI [SINGAPORE] CapitaLand will start the sale of its newest condominium Bedok Residences only tomorrow yet a queue of more than 400 people had already formed at the project’s showflat by last night. The developer said that prices of the 583-unit project
    297 words
  • Article
    Lock icon MAS weighs in on Reit sector debate
    457 1  -  By JAMIE LEE [SINGAPORE] The Monetary Authority of Singapore (MAS) may offer more regulatory guidance to the real estate investment trust (Reit) industry in efforts to boost corporate governance standards, it said yesterday. MAS did not highlight specific companies but was responding to
    457 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Govt cuts growth forecast for key exports to 2-3%
      497 2  -  Both total trade and NODX growth projected at 3-5% next year By TEH SHI NING [SINGAPORE] The year started with rosy expectations of up to 10 per cent exports growth, but growth of Singapore’s key non-oil domestic exports (NODX) for 2011
      Source: Int’l Enterprise Singapore; Source: MTI  -  497 words
    • Article, Illustration
      Lock icon Asian currencies slide against US$ on bad economic news
      471 2  -  By EMILYN YAP [SINGAPORE] Asian currencies slipped against the US dollar yesterday as markets soured on more bad news, from subdued economic outlooks for Singapore and Thailand to the possible failure of deficit reduction talks in the United States. The Singapore
      AFP  -  471 words
    • Article
      Lock icon S’pore grads in recession catch up eventually
      432 2  -  By TEH SHI NING [SINGAPORE] Graduates entering the job market here in a recession start off with lower pay, but their salaries catch up with the wages of those who start in economic booms after about three years on the job. This compares
      432 words
    • Article
      Lock icon Moody’s warns of risk to France’s credit outlook
      463 2 It points to rise in interest rates on govt debt, weaker growth prospects [PARIS] A rise in interest rates on French government debt and weaker growth prospects could be negative for the outlook on France’s credit rating, Moody’s warned in a report
      463 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      593 2 Growth may slow to a crawl next year or stall SINGAPORE’S economic growth is expected to slow sharply to just 1-3 per cent next year and could stall if the world’s advanced economies slide into recession, the government warned yesterday. That gloomy projection is lower than many economists’
      593 words
    • Article
      Lock icon Cho Yaw’s niece sues estate of ex-hubby
      927 3  -  She says he had hidden US$25m from her during divorce proceedings By GRACE LEONG [SINGAPORE] Some seven years after the man she had divorced died, a woman is suing the executrix of his estate to claim her share of assets that, she says,
      927 words
    • Article
      Lock icon Productivity fund dishes out $600m so far
      556 4  -  Tax returns filed to date show 20% of businesses have claimed PIC benefits YESTERDAY IN PARLIAMENT By CHUANG PECK MING [SINGAPORE] Almost two years after it has been set up, the $2 billion National Productivity Fund has dished out more than a quarter
      556 words
    • Article, Illustration
      Lock icon No sweat for telcos as new law nears
      725 4  -  NEWS ANALYSIS By JOYCE HOOI [SINGAPORE] While the proposed changes to the Telecommunications Act will give the Ministry of Information, Communications and the Arts (Mica) more teeth, analysts believe there is little chance of telcos being bitten hard if they are passed,
      BLOOMBERG  -  725 words
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      76 3 In the future, South-South trade will be norm not novelty. <-> M* I —A* m >V. Direct trade between fast-growing nations is reshaping the world economy. HSBC is one of the leading banks for trade settlement between China and Latin America. There's a new world emerging. Be part of it.
      76 words
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      52 words
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  • COMPANY NEWS
    • Article
      Lock icon Ascott clinches two serviced apartment deals in China
      470 5  -  Ascott Reit prices $100m notes at a coupon rate of 4.3% By KENNETH LIM CAPITALAND’S servicedresidence business unit has landed two management contracts in China that analysts said could help the company’s long-term positioning on the mainland. The property group’s serviced-residence real
      470 words
    • Article
      Lock icon Temasek named as an investor in New Hope fund
      316 5 Also investing are Mitsui Co, Archer Daniels Midland [BEIJING] Temasek Holdings will invest in an agriculture fund set up by New Hope Group Co, the biggest maker of livestock feed in China. Archer Daniels Midland Company, the world’s largest grain processor,
      316 words
    • Article
      Lock icon Special auditor hindered from completing Sino Techfibre probe
      600 5  -  Discrepancies in invoices issued by firms, suppliers stay unresolved By LYNETTE KHOO DISCREPANCIES at Sino Techfibre remain unresolved as its special auditors have been hindered from completing the probe. Because of this, the audit committee (AC) has recommended, as a preliminary measure,
      600 words
    • Article, Illustration
      Lock icon MF Global commo clients to get some money back: report
      623 6 Only 40% of total funds authorised for release so far [NEW YORK] The trustee liquidating MF Global Inc said almost all of its 38,000 former commodities clients will get some money back following the collapse of the company, according to
      BLOOMBERG  -  623 words
    • Article
      Lock icon STX OSV’s LPG carrier contract turns effective
      506 6  -  Brazil deal bumps up group’s order book to 9.6b Norwegian krone By LYNN KAN FRESH out of the weekend, offshore support vessels builder STX OSV got rid of some of the uncertainties surrounding its stock, thanks to Transpetro and the Norwegian government. On
      506 words
    • Article
      Lock icon Boer Power reiterates attractiveness of its SMB offer
      400 6  -  By LYNN KAN HONG KONG listed Boer Power yesterday reiterated the attractiveness of its unsolicited cash offer of up to $161.2 million for switchgear manufacturer SMB United. It dispatched offer documents to SMB United’s shareholders yesterday. Boer’s price tag of 32 cents
      400 words
    • COMPANY BRIEFS
      • Article
        Lock icon Keppel T&T expands further in China
        83 6 KEPPEL Logistics (Foshan), a joint venture company of Keppel Telecommunications Transportation (Keppel T&T), has opened a new distribution centre in Foshan of China’s Guangdong Province. The new distribution centre Keppel T&T’s third expansion in China this year measures 35,000 sqm and integrates energy and
        83 words
      • Article
        Lock icon ASJ warns of adverse impact on profit
        58 6 ASJ Holdings anticipates a drop in sales to have an adverse impact on the group’s profit for the year ending Dec 31, 2011. The lower sales were caused by the global economic slowdown in the electronics industry and the disruption to the supply
        58 words
      • Article
        Lock icon Juken hit by supply chain disruption
        67 6 JUKEN Technology said that its Thailand plant has not been physically affected by the severe flood in the country. However, the severe flood has caused supply chain disruption to its operations in Thailand, Malaysia and India. The actual impact to the group’s performance cannot
        67 words
      • Article
        Lock icon Courage Marine unit buys US$26.6m vessel
        61 6 COURAGE Marine Group’s wholly owned subsidiary, Zorina Navigation Corp, has signed a memorandum of agreement with Zhejiang Zengzhou Ship Building Co Ltd for the purchase of a US$26.6 million vessel. This is the second supermax-sized vessel acquired by the group within a month. The
        61 words
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      Lock icon Page 5 Advertisements Column 1
      102 5 See the bigger w Trade FX/CFDs with our new iPad app, plus market data, charts and news all in one view. Available on the App Store Search for 'IG Markets for iPad' to get your free app. IG MARKETS CFD Trading can result in losses that exceed your initial deposit.
      102 words
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      185 6 Annie Tiang TCM Pte Ltd Traditional Chinese Medicine Founded in 1981, Annie Tiang TCM Pte Ltd (formerly known as Annie Tiang Chinese Sin Seh) is in its third generation of providing over 30 years of Traditional Chinese Medicine (TCM) experiences and treatments. With our experienced and professional panel of physicians
      185 words
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      18 6 Pacify the Raging Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices MATS NOTICES
      18 words
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  • SUSTAINABLE BUSINESS VALUES
    • Article, Illustration
      Lock icon Making sustainability an ‘action item’ in boardrooms
      1134 7 The key is to focus on areas where there can be the greatest impact, an NUS Business School professor says SPECIAL FEATURE BROUGHT TO YOU BY CITY DEVELOPMENTS LIMITED WHEN the Sustainable Singapore Blueprint (SSB) was launched in 2009, it no doubt was
      1,134 words
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      364 7 Growing Singapore into a sustainable city. We've already taken steps with our smaller carbon footprint. In Singapore, Asia, and around the world, you'll find an emerging new focus in business. We're not talking about pricing strategies, distribution channels or media. We're talking about sustainability. And the carbon footprint business operations
      364 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Europe woes continue to hit stocks
      583 8  -  ST Index sheds a further 32 points or 1.2 per cent, again on a low trading volume STOCKS R SIVANITHY Senior Correspondent LOW volume and weak prices have been features of trading these past few weeks, and so it was again yesterday when the
      Source: Bloomberg  -  583 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 12 2 0 0 0 0 12 2 Manufacturing 26 74 30 1 2 8 27 76 38 Commerce 13 27 12 1 6 3 14 33 15 Tpt/Stor/Comms 5 29 8
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,239 17,239 69,107 69,107 Manufacturing 196,437 8,121 204,558 124,667 55 124,722 Commerce 171,871 5,935 177,806 122,112 407 122,519 Tpt/Stor/Comms 131,391 61,015 192,406 203,062 8,879 211,941 Finance 15,353 105 15,458 154,276 20 154,297 Construction 127,572 2,071
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 1.330 -0.010 CapitaLand 2.540 -0.080 CapitaMall 1.750 -0.005 CityDev 9.930 -0.170 ComfortDelGro 1.395 -0.005 DBS Grp 12.220 -0.210 F&N 6.100 -0.120 GLP 1.780 Genting SP 1.505 -0.035 Golden Agri 0.645 -0.015 HK Land 4.640 +0.010 JMH 49.680 -0.020 JSH 29.500 -0.480
      112 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES Nov 21
      66 8 Nov 21 VALUE CLOSE BT OB/OS -671.00-327.00 BT CADI -*****.00-202.00 BT 10-day MA -*****.00 -67.00 FTSE ST Mid Cap 607.56 -9.46 FTSE ST Small Cap 410.71 -5.12 FTSE ST All Share 649.58 -8.18 FTSE ST China Top 191.10 -3.86 FTSE ST China 225.43 -3.04 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Genting SP 95,161,000 Memstar 74,026,000 TA Corp 65,862,000 MDR 65,422,000 Noble Grp 59,630,000 Golden Agri 52,221,000 PSL Hldgs 43,337,000 Hartawan 38,399,000 Oceanus 36,288,000 NexGenSCom 34,966,000 VALUE($) Genting SP 143,403,415 SingTel 104,500,136 Noble Grp 65,024,030 DBS Grp 56,025,460 UOB 55,038,780 Keppel Corp 52,434,680 Golden Agri 34,048,256 Wilmar
      57 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Technology Sector
        422 8  -  OCBC Investment Research, Nov 21 Compiled by CONRAD TAN THERE have been few positives coming out of the tech sector during the recently concluded Q3 2011 earnings season. The four tech companies under our coverage which reported results for the quarter ended Sept 30 all performed below our
        Source: Bloomberg  -  422 words
      • Article
        Lock icon Glossary:
        135 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        135 words
    • Article
      Lock icon $ at 6-wk high after US deficit talks fail
      431 8 at 6-wk high after US deficit talks fail CURRENCIES Reuters [LONDON] The US dollar hit a six-week high versus a currency basket yesterday after US leaders failed to agree to deficit-cutting measures, darkening the fiscal outlook and prompting a shift from riskier currencies into the safety of the US currency.
      Reuters  -  431 words
    • Article
      Lock icon RISES
      115 8 BY CENTS CLOSE UP DBXT S&P Short 10US$ 4417 109.1 1.9 DairyFarm 838 31.2 2.9 OCBC Bk 4.5%NCPS 100 ***** 30.0 0.3 DBXT MSINDIA 10US$ 799 19.5 1.9 Great Eastern 1305 15.0 1.2 Hyflux 6% CPS 10 ***** 15.0 0.1 OCBC Bk 5.1%NCPS 100 ***** 10.0 0.1 UOB 5.05%NCPS
      115 words
    • Article
      Lock icon FALLS
      126 8 BY CENTS CLOSE DOWN Lyxor AsiaMT 10US$ 5037-414.5 -6.0 IS DJ US Tech 6320-214.4 -2.5 DBXT Nifty 10US$ 9512-178.0 -1.4 GLD 10US$ *****-110.4 -0.5 DBXT MSEurope 10US$ 3878-102.6 -2.0 Lyxor Europe 10 US$ 1088-102.6 -6.8 DBXT MSKorea 10US$ 5086-101.3 -1.5 DBXT FTChina25 10US$ 2551 -75.4 -2.2 DBXT MSAsExJp 10US$
      126 words
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      58 8 f~! 0 t t >■ \A Gerald Genta y B V LO A R I z o u OCTO BI-RETRO BOUTIQUES TAK ASH I MAYA DEPARTMENT STORE 65 6735 6689 HILTON HOTEL 65 6737 THE SHOPPES AT MARINA BAY SANDS 65 6634 8313 AUTHORIZED RETAILERS CORTINA WATCH SINCERE FINE WATCHES
      58 words
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      197 9 s ill sSfeiss itj, MKi ROBINSON SQUARE Rare FREEHOLD strata titled offices/shops in CBD Short walk to Tanjong Pagar MRT station food centres Good sized offices with high ceiling, direct lift access attached toilet No seller's stamp duty Excellent investment potential No restriction on foreign ownership SSL J5 Tanjong Pagar
      197 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Charities offered free financial health check-ups
      555 10  -  National Volunteer Philanthropy Centre to provide 15 reports for a start By JAMIE LEE THE National Volunteer Philanthropy Centre (NVPC) is offering a free “health check-up” to charities in Singapore and presenting the test results to the public in an effort to restore trust
      555 words
    • Article
      Lock icon No tax on food high in sugar, fat for now
      285 10  -  YESTERDAY IN PARLIAMENT By CHUANG PECK MING THE government has looked into taxing food that makes one fat, but has put off any move for now. Minister of State for Health Amy Khor told Parliament that her ministry has explored
      285 words
    • Article
      Lock icon ARC off to a good start with tenants
      343 10  -  By MICHELLE TAN MAPLETREE Commercial Trust’s (MCT) up-and-coming Alexandra Retail Centre (ARC) has secured a portfolio of strong anchor tenants prior to its expected opening later this year. Notably, NTUC FairPrice and McDonald’s are the two largest tenants signed on thus far
      343 words
    • Article, Illustration
      Lock icon New scheme for parents with special needs children
      496 10  -  Initiative of MCYS, the scheme will kick in early next year By LEE U-WEN A MUCH-TOUTED initiative that will help parents provide for the long-term financial security of their intellectually disabled children will kick in from early next year, it was announced
      FILE PHOTO  -  496 words
    • Article, Illustration
      Lock icon Thirty-two moneylenders caught flouting stricter rules
      282 10  -  By CHUANG PECK MING WITHIN two weeks of the new and more restrictive advertising rules for moneylending coming into effect, 32 moneylenders were caught flouting them. Under the new rules, moneylenders can no longer advertise their services in newspapers or through SMS. They can
      282 words
    • Article
      Lock icon KPMG wins ACCA golf tournament
      133 10 KEEN golf players from the Big Four accounting firms in Singapore Deloitte Touche, Ernst Young, KPMG PricewaterhouseCoopers (PwC) got into the swing of things by taking part in the 2nd In-ter-Firm Golf Challenge hosted by the Association of Chartered Certified Accountants (ACCA). Held at the
      133 words
    • Article
      Lock icon Permanent residents own 48,700 HDB flats as at September
      161 10 SINGAPORE permanent residents (PRs) owned some 48,700 HDB flats as at September this year, according to fresh figures released by the Ministry of National Development (MND) yesterday. The number of flats in the hands of PRs was made known in parliament
      161 words
    • Article
      Lock icon ChildAid concert set to kick off next month
      284 10 SOME 130 artistes-in-the-making will sing and dance for a good cause at the ChildAid concert next month. This year’s concert, the seventh organised by The Straits Times and The Business Times, has even larger ambitions. “We are hoping to raise at least
      284 words
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      556 10 WATS NOTICES LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No.of Shares ComfortDelGro *****58 Joan Sawaya 12,698 Corporation Limited -do-*****18 Lai Swee Keok 600 SBS Transit Ltd *****49 Joan Sawaya 1,200 -do-*****60 Lai Swee Keok 600
      556 words
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  • SME Inc
    • Article, Illustration
      Lock icon Echoing his green philosophy
      941 11  -  Echo Brands founder Terence Yow brings in eco-friendly brands that have high standards of design and quality, reports DOLLY CHIA FOR most highly paid corporate employees, it is difficult to sever ties with their high income and stable career for a riskbound entrepreneurial journey that could
      ARTHUR LEE  -  941 words
    • Article, Illustration
      Lock icon Moving with the times
      1141 12  -  Woodlands Transport has come a long way since its inception in 1974, report THERESIA CUDORI, DANIEL LING CHRIS WENG The writers are students from NUS Business School WITH only $600 of his own money and $2,000 borrowed from friends and relatives, Voo Soon Sang coshared with
      YEN MENG JIIN  -  1,141 words
    • Article, Illustration
      Lock icon Star Controls a shining example of branding
      591 12  -  By IRINA LANGE, STEFFEN JENSEN, SVETOSLAV VASILEV The writers are students from NUS Business School STAR Controls Engineering, a Singapore-based valve distributor, is a thirdtime winner of the Enterprise 50 award. Under the leadership of founder Patrick Lim, the company has grown significantly
      YEN MENG JIIN  -  591 words
    • Article, Illustration
      Lock icon Focus on branding pays off
      715 13  -  ValueMax holds the biggest market share in the pawnbroking industry here, report MITALI KUMAR, PRIYA VOHRA YIP HAI HSIAN ‘IT’S about perspective and time. As with every industry, there will be players who choose not to play by the rules. What separates the sheep from
      ARTHUR LEE  -  715 words
    • Article
      Lock icon Coping with the culture of giving gifts
      508 13 ASK NUS PROFS Q: When doing business overseas, we found that gift-giving is quite a prominent culture. In some places, we are even told to present small gifts to personal assistants of business prospects just to seek an audience with their bosses. At
      508 words
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      84 11 J LU 9 it r 4 LU J W O Q_ ZJ O 5 SUSTAINABLE SOLUTIONS. OUR LONG-TERM COMMITMENT TO YOU AND THE PLANET. Talk to us today, so we can start building a relationship that will help you to meet the challenges of tomorrow. In this increasingly complex and
      84 words
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      100 13 Options. Now standard. Introducing additional flights to Dubai and beyond. emirates.com/sg An unrivalled selection of over 1,200 channels of entertainment. A tantalising array of gourmet cuisine. At Emirates, we understand that true comfort comes with having more choices. So it’s no surprise that we’ve introduced additional flights from Singapore to
      100 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Japan exports in Oct fall more than expected
      612 14  -  Volume is down 3.7% fastest pace in 5 months from a forecast 0.3% By ANTHONY ROWLEY in Tokyo FALLOUT from the eurozone crisis and declining demand elsewhere is hitting Japan harder and faster than expected, contributing to a much sharper than expected
      REUTERS  -  612 words
    • Article
      Lock icon US economists cut recession odds as growth picks up
      399 14 Bloomberg [WASHINGTON] The US economy will grow more than previously estimated through 2012, with little chance of another recession, led by gains in business investment and commercial construction, a survey shows Gross domestic product will expand 1.8 per cent this year,
      Bloomberg  -  399 words
    • Article
      Lock icon Thai growth may contract 3.7% in Q4 due to floods
      471 14 Most of factories closed set to resume operations by Dec Bloomberg [BANGKOK] Thailand’s economy may shrink 3.7 per cent this quarter following the worst flooding in almost 70 years, the government said, adding to the case for an interest rate
      Bloomberg  -  471 words
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      348 14 OPENS TODAY! m AnalabAsia2011 CSA2011 The 13th International Scientific Analytical Technology a Equipment Exhibition and Conference Controls Instrumentation Automation The i?ih international Want Technology Exhibition a Conference 22-25 November 2011 Suntec Singapore Opening Hours: 10.30am 6pm /Vied 1Ct m ALPHASONICS AIK MOH PAINTS CHEMICALS PTE LTD ALPHASONICS PTE LTD BP
      348 words
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      155 14 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HEALTHYDIY.COM MARKETING PTE. LTD. (In Members’Voluntary Liquidation) (Co. Reg. No. *****1063R) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that the Final Meeting of
      155 words
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      138 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BLUE BAY PTE LTD (In Creditors' Voluntary Liquidation) Reg. No. *****6996Z ("the Company") NOTICE OF RESOLUTION At an Extraordinary General Meeting of the Company duly convened and held on 15 November 2011, the Special Resolution set
      138 words
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      177 14 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF BNP PARIBAS FUTURES SINGAPORE PTE LTD (In Members' Voluntary Liquidation) (Co. Reg. No. *****2913K) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act (Cap. 50) the Final Meeting
      177 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon India eyes Malaysia as textile trading hub
      419 15  -  By PAULINE NG in Kuala Lumpur NOTWITHSTANDING Singapore’s status as a more established trading hub in the region, India is contemplating making Malaysia its textile trading hub in Asean because of its far lower operating costs. “Singapore costs are going so high, and
      419 words
    • Article
      Lock icon Curbs may reduce Indonesian Nov tin exports by 26%
      240 15 [JAKARTA] Tin shipments from Indonesia, the world’s largest exporter, may slump 26 per cent this month to the lowest level in almost three years after producers agreed to ban spot-market sales to try to reverse a decline in prices. Exports may
      240 words
    • Article, Illustration
      Lock icon M’sia’s 5.8% growth in Q3 beats forecasts
      521 15  -  Expansion driven by surge in govt spending, private investments, exports By S JAYASANKARAN in Kuala Lumpur THE Malaysian economy surprised on the upside, growing 5.8 per cent in real gross domestic product terms during the third quarter, a full percentage point above the
      521 words
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      72 15 WAREHOUSING LOGISTICS SERVICES Warehouse Space (120 7,000 sq ft) Open Storage Space (3,100 25,000 sq ft) Trucking of Haz Non-Haz Chemicals Oil Products General Purpose Containers Container Isotank Depot Services Other Logistics Services Agents Welcome Call 9797 1029 9178 6185 JOINT-PAINS? SLEEP ON WATER! Waterbeds evenly distribute your body weight,
      72 words
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      51 15 Tradition in Y'" r ars w w a® ;«S» -v if r X f For us, private banking means drawing on tradition to create new value. Also for you: +65 6532 5325 or www.claridenleu.com Clariden Leu Ltd., Singapore Branch, Singapore Clariden' \V Leu SWISS PRIVATE BANKING SINCE 1755 Registration No.
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  • GREATER CHINA/INDIA
    • Article
      Lock icon 25 game developers sue Baidu over copyright
      295 16 Internet firm accused of providing illegal game downloads AFP [SHANGHAI] A Chinese industry group of game developers said yesterday it was suing Baidu for more than 30 million yuan (S$6.14 million) for copyright infringement, the latest such case to hit the Internet giant.
      AFP  -  295 words
    • Article, Illustration
      Lock icon Project to rebuild ancient varsity in India runs into funding bog
      590 16 AFP [NEW DELHI] Plans to revive Nalanda university in India, one of the world’s oldest seats of learning, as a totem of Asia’s renaissance are facing trouble as supporters admit to little progress in fund-raising. The Indian Parliament passed
      AFP  -  590 words
    • Article
      Lock icon Bharti’s shares fall after police search its offices
      418 16 Police say Bharti, other firms were favoured in mobile spectrum grant Reuters [NEW DELHI] Shares in Bharti Airtel, India’s top mobile phone carrier, fell as much as 3.6 per cent yesterday after the federal police searched its offices and those of Vodafone’s
      Reuters  -  418 words
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      44 16 This announcement appears as a matter of record only. HOUSING DEVELOPMENT BOARD S$600,000,000 1.83% Notes due 2018 issued under HDB's S$12,000,000,000 Multicurrency Medium Term Note Programme Joint Lead Managers Australia and New Zealand DBS Bank Ltd. Banking Group Limited XNZ& 8 DBS November 2011
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      463 16 >©' B6Ara 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 JIN TANG (KIM THONG) ENTERPRISE PRIVATE LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Company Registration No.: *****1228Z) Extract of minutes of the Extraordinary General Meeting of members of Jin Tang
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      441 16 IN THE MATTER OF THE COMPANIES ACT, CAP.50 AND IN THE MATTER OF NETWORK DRILLING PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Company Registration No.: *****1112M) Extract of minutes of the Extraordinary General Meeting of members of Network Drilling Pte. Ltd. convened and held on 18 November 2011 at 10.00 a.m.
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      332 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SA ADVISORY SERVICES PTE. LTD. Co. Reg. No. *****1359E (INMEMBERS’VOLUNTARYLIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap. 50, that a Final General Meeting of the above-named
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      149 16 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF KHUSHI SONS PTE. LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****7351R) Notice is hereby given that pursuant to Section308oftheCompaniesAct(Cap.50), the FINAL MEETING of the members and of the creditors of the Company will be held
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  • COUNTRY PROFILE: OMAN
    • Article, Illustration
      Lock icon Towards a new era of greater progress
      1126 17  -  Oman’s aim is to further enhance the living standard of its citizens. WEEreports VINCENT WEE The following is the message of Zakariya Hamed al-Saadi, Consul-General of the Sultanate of Oman: THE Sultanate of Oman celebrated its 41st National Day on Nov 18, continuing
      1,126 words
    • Article, Illustration
      Lock icon Framework for development
      898 18  -  Oman Vision 2020 is geared towards seeing the economy through the depletion of its oil reserves. WEEreports VINCENT WEE THE development of modern Oman can be traced back to the accession to the throne of the current ruler, Sultan Qaboos bin Said, in 1970. Coming just after
      898 words
    • Article, Illustration
      Lock icon An investment-friendly climate
      979 20  -  Oman is working hard to develop a free, competitive economy that will attract foreign investors, reports VINCENT WEE ALTHOUGH the bulk of Oman’s investment and revenue still comes from oil and gas, it is making efforts to diversify its industries with the aim, as articulated in the
      979 words
    • Article, Illustration
      Lock icon Bilateral ties set to grow
      539 21  -  Oman’s involvement in the region goes back to ancient times By VINCENT WEE TIES between Singapore and Oman have grown over the years and has been marked by several key events in recent years. Perhaps the most recognisable of these is the Jewel of Muscat
      FILE PHOTO  -  539 words
    • Article, Illustration
      Lock icon Natural wonders, historical sights
      824 22  -  Oman’s diversity of landscape provides many types of activities and sightseeing opportunities for visitors to enjoy. VINCENT WEE has the details VINCENT WEE OMAN’S geography and strategic location contribute to the diversity of experiences that tourists can experience. The country overlooks the Arabian Sea, the Sea
      824 words
  • Page 17 Advertisements
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      59 17 We congratulate the Sultanate and the people of 41 st Natio rt»Tl ifll» »r www.rotaryeng.com.sg Going global means working smarter The Rotary team is stronger, smarter, more global and more professional than ever before. We can go up against the best in the world. Our investment in talent and technology
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  • Page 18 Advertisements
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      173 18 •JiM Qalloping into a Mure of prosperity We celebrate the joyous occasion of Oman's 41 st National Day with the Sultanate and the nation IB •V Vi "If V fi X. X. v) V 'i in J I* M'V 1 I vl\\>h i, > iUf'l m\\ K !X \s i
      173 words
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  • Page 19 Advertisements
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      177 19 Oman Trading International (OTI) wishes the Sultanate and the people of Oman a happy 41 st National Day 1 -\,L i. -2< S5 > p* 4' x i OMAN TRADING INTERNATIONAL (SINGAPORE) PTE LTD 260 Orchard Road #12-02/03 The Heeren Singapore *****5. Tel 0065 67 *****7 Fax 0065 67 *****1
      177 words
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  • Page 20 Advertisements
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      3 20 making IT happen
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      95 20 The NOL Group congratulates the people of Oman on the special occasion of their 41 st National Day APL and APL Logistics, part of the NOL Group of companies, offer a powerful, integrated supply chain solution unmatched in resources and capabilities. With a global network and footprint spanning important markets
      95 words
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  • Page 21 Advertisements
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      205 21 Best Wishes Congratulations on Oman's 41 st National Day. We wish His Majesty Sultan Qaboos Bin Said Al Said and the people of Oman good health and happiness. O INDO STRAITS TRADING CO (PTE) LTD 180B BENCOOLEN STREET, #05-05 THE BENCOOLEN, SINGAPORE *****6 TEL: (65) 6336 1602 AL BADAWI GENERAL
      205 words
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  • Page 22 Advertisements
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      105 22 k* J n << i d' ta T Jh F >f V> f fr-Tr-»< 1 W F'f jtUv 4 Future Of Possibilities Cl 5dS-~, -<,»• T'A S*sy; < to/./ 4 Journey Of Progress Congratulations Best Wishes to the Sultanate and people of Oman on their 41 st National Day As
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  • WORLD
    • Article, Illustration
      Lock icon Carmakers, retailers poised to drive EU firms’ earnings growth
      764 23 Bears not confident of corporate profits as borrowing costs reach record levels Bloomberg [LONDON] As Europe’s debt crisis raises the risk of a recession, companies in the region show no signs of slowing with earnings growth poised to top their US
      Bloomberg; BLOOMBERG  -  764 words
    • Article
      Lock icon Buffett sees opportunities in Japan
      498 23 Bloomberg [FUKUSHIMA] Billionaire investor Warren Buffett said he’s unfazed by the recent scandal at Japanese camera maker Olympus Corp and is looking for investment opportunities in the nation’s companies. “We’re looking for companies that have some kind of sustainable competitive advantage,” Mr Buffett, chairman of
      Bloomberg  -  498 words
    • Article
      Lock icon Foreign banks double deposits at Fed
      468 23 Bloomberg [NEW YORK] Foreign bank deposits at the Federal Reserve have more than doubled to US$715 billion from US$350 billion since the end of 2010 amid Europe’s debt turmoil, buttressing the dollar’s status as the world’s reserve currency. Forty-seven non-US banks held balances of
      Bloomberg  -  468 words
    • Article
      Lock icon New rules push Western finance firms eastwards
      397 23 Survey finds execs favouring regulatory harmonisation Reuters [SINGAPORE] The regulatory overhaul in Western economies is accelerating moves by the finance industry to shift more business and assets to Asia, according to a survey of global business leaders released yesterday. Executives questioned by international
      Reuters  -  397 words
    • Article, Illustration
      Lock icon US hails China pledge to protect IP rights
      644 24 Beijing urges Washington to increase exports of high-tech products Bloomberg [BEIJING] China pledged to improve its monitoring of intellectual property (IP) rights in trade talks with the United States, as American officials called on the world’s second biggest economy to abide by
      Bloomberg; BLOOMBERG  -  644 words
    • Article, Illustration
      Lock icon Spanish right triumphs but EU holds key to crisis
      758 24 [MADRID] Despite a thumping election win, Spain’s right is powerless in the face of a sovereign debt crisis battering the entire eurozone, analysts warned yesterday. The decisive power, they said, lies with the European Union. Financial markets were unimpressed by the
      REUTERS  -  758 words
    • Article
      Lock icon Bill Gates testifies in antitrust lawsuit against Microsoft
      323 24 AP [SALT LAKE CITY] Microsoft’s Bill Gates took the witness stand yesterday in a US$1 billion antitrust lawsuit accusing the software maker of duping a competitor prior to its rollout of Windows 95. Mr Gates was the first witness to testify as
      AP  -  323 words
    • Article
      Lock icon US deficit-limit panel likely to concede failure
      448 24 Its deadline to okay a deficit-slashing plan ends tomorrow Reuters [WASHINGTON] A congressional “super committee” was expected to formally announce last night that its three-month-long effort to forge a US$1.2 trillion deficit-reduction plan has failed, aides told Reuters. Barring an unforeseen development, the
      Reuters  -  448 words
    • Article, Illustration
      Lock icon Cameron promises massive credit easing
      545 24 Bloomberg [LONDON] British Prime Minister David Cameron pledged a “massive” programme of credit easing to help spur the economy as his government drives through its plan to narrow the budget deficit. Chancellor of the Exchequer George Osborne will use his statement to Parliament on Nov
      Bloomberg  -  545 words
  • Page 23 Advertisements
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      115 23 SELECT FROM A WIDE PRODUCT RANGE OF GIFTWAREAND HARDWARE AND CONSUMER GARMENTS, FABRICS BABY PRODUCTS,TOYS FOODSTUFFS HOUSEWARES BUILDING MATERIALS ELECTRONICS AND FOOTWEAR SPORTING GOODS o 'i -x|FUJIAN COMMODITIES EXPO SINGAPORE T 1 013 Atii TILfSI c i ASIA EXPO SINGAPORE oeiii IIIO 23 25 NOVEMBER, 2011 SANDS EXPO CONVENTION CENTER,
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  • AVIATION
    • Article, Illustration
      Lock icon Asian, Gulf deals help Boeing set sale records in past week
      486 25  -  Group sets record for Boeing 777 orders in a single year with 192 so far By VEN SREENIVASAN [SINGAPORE] With orders and commitments for 359 aeroplanes, last week represented a somewhat rare bumper harvest for Boeing. The American planemaker,
      AP  -  486 words
    • Article
      Lock icon Qantas, unions turn to arbitration as talks fail
      619 25 Fair Work Australia deadline for a settlement runs out Reuters [MELBOURNE] Talks between Qantas Airways and its pilots, engineers and other key employee groups have broken down and all sides now have to accept a future settlement imposed by Australia’s industrial umpire.
      Reuters  -  619 words
    • Article
      Lock icon A$5.5m price fixing penalty for Korean Air
      160 25 AFP [SYDNEY] Australia’s Federal Court yesterday hit Korean Air with a A$5.5 million (S$7.1 million) penalty for price fixing, after the carrier admitted that it agreed with other airlines on some cargo charges. Australia’s Competition and Consumer Commission (ACCC) has pursued a number
      AFP  -  160 words
    • Article
      Lock icon Travellers pay 6% more for flights at Thanksgiving
      557 25 Bloomberg [NEW YORK] Passengers are paying an average of 6 per cent more this year for round-trip flights during the US Thanksgiving holiday as airlines reduce their available seats to maintain pricing power. Capacity cutbacks mean that travellers will find jets about
      Bloomberg  -  557 words
  • Page 25 Advertisements
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      94 25 GUIDE TO GEAR: BUY SOME HAPPINESS! SINGAPORE 100% Mens i EH MHURBUmHLOHZOK REDEFINE Our Biggest Issue Ever! if YOUR LIMITS! /K. PG142 THE RLD'S BEST ACES DRUN R&PG64 AT WH OU EP rt GET A BODY LIKE THIS IN UNDER 30MINS! RIOTOUS SEX EVERY NIGHT! MENSHEALTH.COM.SG URBANATHLON EDEFINE YOUR LIMITS!
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      145 25 FUNDAMENTAL Fundamental information to give you the edge STANDARD Necessary tools for the serious investor EXTRA Extra information for that extra insight STATION Premium real-time market quotes, news charting application Real -time Dynamic TA Charts TA Market Scanner Use our comprehensive set of market data tools to make informed investing
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  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      327 25 CRYPTIC CROSSWORD Across 1 Bags left in bags (6) 5 What are worn at work, generally before start of strike? (8) 9 Looking for a design, in a way (5,1,7) 10 The girl who’s left gold in the keeping of criminal buyer? (8) 11 Head of crime family needs essential
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    2197 26 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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  • SHIPPING
    • Article
      Lock icon Returns for oil tankers rise to 8-month high
      319 27 Bloomberg [LONDON] Returns for supertankers hauling two million-barrel cargoes of Middle East crude to Asia rose to an eight-month high as refinery demand increased the number of ships chartered and reduced the tally of available vessels. Daily income for very large crude
      Bloomberg  -  319 words
    • Article, Illustration
      Lock icon China downplays sea spats in region after Obama challenge
      721 27 Beijing committed to keeping sea lanes in South-east Asia secure, says minister Bloomberg [BANGKOK] China played down tensions with the US and proposed funding to enhance maritime cooperation in South-east Asia after President Barack Obama challenged its actions in the South
      Bloomberg  -  721 words
    • Article
      Lock icon Gen Maritime can draw on bankruptcy loan
      399 27 Tanker owner given time to file revamp plan or sell all assets Bloomberg [NEW YORK] General Maritime Corp, the second-larg-est US owner of oil tankers, can draw US$30 million of a US$75 million loan that will require it to file a plan of
      Bloomberg  -  399 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 27 SGX '000 Nov 21 S$ +/-Vol CH Offshore 0.36 -0.02 48 Chuan Hup Hldg 0.21 unch 10 Cosco Corp 0.88 -0.04 7243 CWT Ltd 1.01 -0.01 16 Ezra Hldgs 0.86 -0.05 2602 First Ship Lea 0.30 unch 197 Freight Links 0.06 unch 1460 Grand Banks unch unch 0
      278 words
  • Page 27 Advertisements
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      29 27 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES
      29 words
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      Lock icon Page 27 Advertisements Column 2
      34 27 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. —THE BUSINESS TIMES SHIPPING TIMES Legal services required by shippers owners Can they find your services here in the Shipping Times?
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  • EDITORIAL & OPINION
    • Article
      Lock icon Temper TPP optimism with reality
      487 28 EDITORIAL AS president of the United States, Barack Obama may have said and done all the right things during his recent trip to project an image of leadership for his domestic audience and to reassure Asian allies of America’s commitment to the Asia-Pacific region. He
      487 words
    • Article, Illustration
      Lock icon Counter the pseudo technocrats to save the world
      784 28  -  THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 THERE’S a word I keep hearing lately: “technocrat”. Sometimes it’s used as a term of
      784 words
    • Article, Illustration
      Lock icon Cutting green path via behavioural economics
      933 28  -  Concept may well improve energy efficiency and energy conservation efforts in S’pore By TILAK K DOSHI The writer is principal fellow head, economics division, Energy Studies Institute, Na tional University of Singapore WHAT is behavioural economics? Behavioural economics is an increasingly popular branch of
      BLOOMBERG  -  933 words
    • Article, Illustration
      Lock icon Taking hype about China with a big pinch of salt
      1443 29  -  Growth and size are not enough for fundamental changes in the global financial landscape By GUNTER DUFEY The writer is professor emeritus of the University of Michigan, Ann Arbor; he is teaching now at Nanyang Technological University/NBS Singapore THE avid
      BLOOMBERG  -  1,443 words
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      Lock icon China should help Europe
      985 29  -  By WU ZHIJIAN The writer is the chief executive officer of Woodsford Capital Management Pte Ltd. Mr Wu is also the managing editor of www.chinatells.com and the author of a forthcoming book called “China 88K” A LOT has been said about China being a potential rescuer
      BLOOMBERG  -  985 words
    • Article
      Lock icon Rules protect investors’ stake in interested party deals in Reits: MAS
      221 29  -  LETTERS TO THE EDITOR Angelina Fernandez Director (Communications) Monetary Authority of Singapore MR Jayaraman offered some suggestions in his letter (“Tie Reit managers’ pay to DPU, valuations”, BT, Nov 16) to better align the interests of real estate investment
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    • Article
      Lock icon EDB corrects Ngiam’s statement on PR applicants
      149 29  -  Myrna Poon Director, Marketing Communications Singapore Economic Development Board I AM writing to correct the statement, “permanent residents today are not required to invest in industry most of them invest in property for capital gains”, in the article by former senior civil servant
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8001 30 Transaction date: Nov 21 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 11.6 8Telecom 15.5 5.1 15.5 7.8 3.9 3.2 74.2 9.5 4.1 A-Sonic 4.6 4.4 5.7 2.8 1.7 32.9 65
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    • Article
      Lock icon SGX CATALIST
      1592 31 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 12.6 -0.6 227 12.8 12.6 12.6 13.3 4.7 4.4 4.9 22.5 5.5 2.5 t AA Grp 3.3 3 3.7
      1,592 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      10082 31 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.19/ APS Alpha Fund (USD)!** 0.92/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.61/ Aberdeen Asset Mgt Asia Limited American Opp 0.6212/ Asian Credit Fund
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    • Article
      Lock icon GLOBALQUOTE
      227 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A39 35 42 3.6 9 3.1 101.6 49 25.5 Genting HK US$ US27.5 -1 8162 28.5 27 27 27.5 1810.7 15 10 OGL Resources
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    • Article
      Lock icon SGX ETF
      850 31 52-Wk Last Vol Day Last QuoteDiv GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 117 -2 2 120 117 115 117.9 534.1 1261 856 CIMBAsean40 100US$ US933 -9 7 933 927 922 930 37.3 *****
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 32 In local curr In S$ In US$ dy yr dy yr dy yr Nov 18 Index Change Change Change Change Change Change World Preliminary 806.4 -0.5 -10.2 -0.3 -8.5 -0.5 -9.6 EAFE Preliminary 665.5 -1.0 -16.9 -0.7 -14.5 -0.9 -15.5 Europe Preliminary 986.6 -0.7 -15.6
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    • Article
      Lock icon CHICAGO BOT
      107 32 Nov 18 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1168.25 unch 1177.50 1152.75 Mar 12 1178.25 1178.50 1187.50 1162.75 May 12 1188.00 unch 1197.25 1173.25 Jul 12 1197.00 1196.50 1206.00 1182.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 11 50.88
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    • Article
      Lock icon GOVERNMENT SECURITIES
      77 32 Nov 21 Nov 21 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 23.02.2012 0.31 1-Year BY*****W 01.11.2012 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.36 5-Year N*****0W 1.125 01.04.2016 102.56 10-Year NX*****X
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      454 32 Nov 21 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.3275 0 2256 Mar12 99.1800 0 3055 Jun12 99.1700 0 1053 Sep12 99.1750 0 559 EUROYEN TIBOR FUTURES Dec11 99.6650 570 4445 Mar12 99.6950 99.6950 99.6950 99.6575 570 1937 Jun12 99.6600 80 1470 Sep12 99.6950 99.6950
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      79 32 CRUDE OIL PRODUCTS Nov 18 Nov 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.43 -1.17 WTI (Near Mth) 97.68 -1.39 Dubai (1-Mth F) 107.14 -1.29 Tapis blend 115.34 -2.42 Minas 111.54 -2.42 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.39 -2.78 Jet Kerosene 128.75 -2.00 US$/barrel
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      128 32 As on 18 November 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT DEC2011 1735.3 1719.9 1731.3 60 SILVER FUT DEC2011 31.995 31.535 31.82 8 CURRENCY AUD-USD FUT DEC2011 1.0072 0.9941 0.9996 3042 EUR-USD FUT DEC2011 1.3606 1.345 1.3511 9382 GBP-USD FUT
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    • Article
      Lock icon SGX FUTURES
      182 32 Nov 21 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 11 326.9 326.9 326.9 1 474 Jan 12 333.0 329.0 328.0 12 328 Feb 12 336.7 329.5 329.5 23 205 Mar 12 334.0 288 Apr 12 345.0
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    • Article
      Lock icon LONDON METALS
      72 32 METALS Nov 18 Nov 18 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2089.75 2073.25 3 months 2110.00 2094.00 Copper, Grade A (US$/tonne) Cash 7500.75 7517.75 3 months 7525.00 7540.00 Lead (US$/tonne) Cash 2036.00 1990.00 3 months 2059.00 2014.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin
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    • Article
      Lock icon LIFFE
      82 32 Nov 18 COCOA (£/tonne) Close Prev High/Low Dec 11 1537 1577 1572/1533 Mar 12 1565 1604 1601/1562 May 12 1581 1618 1611/1579 Jul 12 1596 1632 1621/1596 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1839 1814 1839/1839 Jan 12 1880 1853 1903/1838 Mar 12 1917 1893 1939/1880 May 12
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2091 32 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 0.1 unch 18 1 4 24 33.00 3 AlliedTech W*****2 1.7 1 4 24 Ascendas Reit.ES.1111 203 Aztech Grp
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    • Article
      Lock icon INTERBANK CROSS RATES
      465 32 Nov 21 Nov A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.024 6.321 0.738 7.746 51.443 90.106 0.764 11.343 3.158 1.317 86.799 43.059 1.293 8.212 0.914 30.088 30.881 0.632 0.995 Canada 0.976
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    • Article
      Lock icon SIBOR
      82 32 Nov 21 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon PRECIOUS METALS
      137 32 Nov 21 GOLD (US$/oz) Nov 21 Nov 18 Hong Kong 1718.00 1729.00 Nov 18 Nov 17 London 1723.89 1735.19 1724.90 1736.18 Source: Thomson Reuters CAST BAR Nov 21 (S$) Selling Buying Kilobar 77,182.31 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 173 72 5gm 491 360 10gm 877
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    • Article
      Lock icon PALM OIL
      59 32 Nov 21 Nov 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 11 3236 3200 3260 3195 2485 6505 Jan 12 3232 3195 3258 3194 6247 ***** Feb 12 3225 3191 3257 3190 ***** ***** Mar 12
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    • Article
      Lock icon STOCK INDEX FUTURES
      24 32 Nov 21 Open High Sett STI Nov 2698 SIMSCI Nov 312.5 313.3 306.4 Taiwan Nov 256.4 258.8 251.0 Source: SGX Derivatives
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    • Article
      Lock icon INTERBANK RATES
      154 32 Nov 21 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 3/16 2-months 5/16 3/16 3-months 5/16 3/16 Overnight mode: 0.25 US$ 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
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 32 Nov 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2918 1.2937 0.9942 0.9949 Canadian dollar 1.2611 1.2627 0.9706 0.9711 Euro 1.7504 1.7523 1.3472 1.3476 NZ dollar 0.9807 0.9821 0.7548 0.7553 Sterling pound 2.0441 2.0458 1.5732 1.5733
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 32 As at 9am Nov 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.326 1.263 Can dollar 1.286 1.237 Euro 1.788 1.72 Sterling pound 2.086 2.006 NZ dollar 1.008 0.96 US dollar 1.319 1.269 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      24 32 Nov 21 Nov 21 S$ Bid Offer 1-month 1.2993 1.3004 2-months 1.2991 1.3002 3-months 1.2988 1.2999 6-months 1.2962 1.2975 Source: OCBC
      24 words
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  • PROPERTY
    • Article
      Lock icon China may ease property curbs in 2012: report
      377 33 This is due to fears that slumping prices could hurt growth AFP [SHANGHAI] China will likely relax some property market curbs next year due to concerns that slumping prices could hurt economic growth, a prominent Chinese university said in a report published
      AFP  -  377 words
    • Article, Illustration
      Lock icon Market at tipping point: Nomura
      578 33 Housing sector’s slowdown to affect steel, construction materials’ demand Bloomberg [SHANGHAI] China’s property market is reaching a “tipping point” and the slowdown in the housing industry will have a spillover effect on demand for steel and other construction materials, according to Nomura Holdings Inc. The
      Bloomberg; REUTERS  -  578 words
    • Article
      Lock icon Commercial site in Sengkang expected to be well-received
      405 34  -  Suitable for sizeable retail mall, plot seen drawing bids of around $800 psf ppr By MICHELLE TAN [SINGAPORE] A commercial site boasting corner frontage along Sengkang West Avenue and Fernvale Road, has been launched for tender yesterday by the Housing Development Board
      405 words
    • Article, Illustration
      Lock icon Home sellers cut asking prices in UK
      539 34 Bloomberg [LONDON] UK home sellers cut asking prices by the most in a year this month as the escalation of the eurozone debt crisis deterred buyers and increased uncertainty about the outlook for the economy, Rightmove plc said. Average asking prices in England
      Bloomberg; BLOOMBERG  -  539 words
    • Article
      Lock icon US retail space availability seen falling next year
      347 34 A growing economy will spur retailer expansion, adds CBRE Bloomberg [CHICAGO] Space available for leasing at US local shopping centres will decline next year for the first time since 2005 as a growing economy spurs retailer expansion, com-mercial-property brokerage CBRE Group Inc
      Bloomberg  -  347 words
    • Article
      Lock icon Sales of existing US homes post surprising rise in Oct
      635 35 Falling prices, low interest rates lure buyers as housing market sees stability Bloomberg [WASHINGTON] Sales of previously owned homes in the US unexpectedly rose in October, a sign falling prices may be luring buyers into the market. Purchases increased 1.4
      Bloomberg  -  635 words
    • Article, Illustration
      Lock icon Manhattan luxury-home supply dwindles
      1183 35 Bloomberg erg [NEW YORK] Jason Haber, who runs a New York real estate brokerage firm, is struggling to find apartments to show a client who’s in the market for a Manhattan home priced around US$8 million. Faced with a dwindling supply of luxury properties, Mr Haber
      Bloomberg; erg; BLOOMBERG  -  1,183 words
  • Page 33 Advertisements
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      Lock icon Page 33 Advertisements Column 1
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      142 words
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      Lock icon Page 33 Advertisements Column 2
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      57 words
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      Lock icon Page 33 Advertisements Column 3
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      41 words
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  • Page 34 Advertisements
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      Lock icon Page 34 Advertisements Column 1
      308 34 RADIUS INTERNATIONAL HOTEL, AN EXCELLENT INVESTMENT CHOICE A 458-room hotel located within Kuala Lumpur's most prominent retail and entertainment belt. Knight Frank f The Weld t 5^ WL<<* <C'> X' <v RADIUS INTERNATIONAL HOTEL I Starhill Gallery WjMT KL Plaza Lot 10 A BUKIT BINTANG Monorail Statjg fc/ Siingei Wang
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      Lock icon Page 34 Advertisements Column 2
      208 34 FIRE SALES! HELIOS RESIDENCES 3+1 1701sqft, High Floor Brand New Just TOP Full Facilities/ Pte Lift 5 Mins Walk to Paragon FH/D9 Walk To Orchard Concierge Service Value $3500psf Now Selling Under Value $2750psf View: sutiono.myweb.sg HP: *****814 L*****61F/R*****2D Brand New 5 Storey Building in Katong Land size 3,1 OOsq.ft
      208 words
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      208 35 TENDER SALE OF 165/167 TYRWHITT ROAD Jln Besar Foch RoadBe Petain Road165 Esso LavenderPlace Freehold land off Lavender Street, total land area 24,265 sq. ft. Zoned Residential with Commercial at 1st storey, Plot Ratio 3 Near Lavender, Farrer Park future Jln Besar MRT stations Selling with vacant possession Beatty Lanelace
      208 words
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  • LEADERS' PERSPECTIVE
    • Article, Illustration
      Lock icon A sporting chance at success
      1105 36  -  SportsHub CEO Philippe Collin Delavaud’s passion for sports has enabled him to be at the forefront of many world-class events as MALMINDERJIT SINGH finds out MALMINDERJIT SINGH FEW business leaders would willingly give up a cushy job in a plush office in Europe to work
      FULFORD PUBLIC RELATIONS  -  1,105 words
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      203 36 WHAT IS THE TRUE MEASURE OF LEADERSHIP? PASSION. A leader's substance is shaped by the immense joy he takes in everything he pursues. So it is only fitting that the BMW 7 Series symbolises our enduring passion for sheer driving pleasure at its finest. Where innovations and features are continually
      203 words