The Business Times, 23 November 2011

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL31701
Total Pages: 34
1 34 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Wednesday, November 23,
    23 words
  • Article
    Lock icon Council drops prescription on ID tenure limit
    658 1  -  9-year bar dropped; decision left to nominating panels By LYNETTE KHOO and KENNETH LIM [SINGAPORE] Most key changes proposed to the corporate governance code remained intact but one was watered down considerably in the final recommendations to the Monetary Authority of Singapore (MAS).
    658 words
  • Article, Illustration
    Lock icon Tokyo, Osaka exchanges merging to play catch-up
    794 1  -  Move will create a giant exchange, shore up weaknesses that have seen Japan’s bourses fall behind By ANTHONY ROWLEY in Tokyo JAPAN’S two leading stock exchanges, the Tokyo Stock Exchange (TSE) and Osaka Securities Exchange (OSE), yesterday confirmed their intention to merge and
    BLOOMBERG  -  794 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 GST INDEX 2,717.20 (+19.22) GST INDEX FUTURES 2,717 (+19) GSIMSCI 309.15 (+2.27) GSIMSCI FUTURES 308.40 (+2.00) FOREX US$ S$ US$ (S$ per US$) 1.301 (US$/S$ per 1.567 2.039 EURO (US$/S$/E) 1.353 1.760 Foreign currency per US$ S$ YEN 77.00 59.20 RM 3.179 2.444 HK$ 7.790 5.990 BAHT 31.17
    141 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      48 1 S’PORE NEWS Oct power demand falls 3%, reflects economic slowdown PAGE 10 TransportHUB STRAIT TALK Box-ship players boxed-in I PAGE 22 Air France to add 3 more Paris-Singapore flights I PAGE 23 Code misses chance to scratch nine-year itch Guide on risk management coming soon I PAGE 5
      48 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      10 1 OPINION When leaders fail to lead PAGE 21 *****1 *****4
      10 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      130 1 EXEC MONEY Catastrophe bonds: an option to consider PAGE 31 With Asia as our second home market, our move to the top of Asia Square in the heart of the Marina Bay Financial District, is a fitting one. At our private client lounge, you may now enjoy the stunning views
      130 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 4
      8 1 SPECIAL FEATURE Country profile: Kazakhstan PAGES 18 19
      8 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      544 2 Tokyo, Osaka exchanges merging to play catch-up JAPAN’S two leading stock exchanges, the Tokyo Stock Exchange and Osaka Securities Exchange, yesterday confirmed their intention to merge and form the world’s third largest exchange behind the US-German combine NYSE Euronext and the Nasdaq OMX global exchange network in terms
      544 words
    • Article
      Lock icon GDP growth worries may spur Budget stimulus
      732 2  -  Economists say measures may be more targeted and less broad-based By TEH SHI NING [SINGAPORE] The bleak prospect of just 1 to 3 per cent GDP growth next year has raised the possibility that a raft of stimulus measures may be unveiled at
      732 words
    • Article, Illustration
      Lock icon E Asia can bear brunt of debt crisis
      543 2  -  By TEH SHI NING [SINGAPORE] Developing East Asia is not immune to weakening external demand but most economies have sufficient fiscal space to cushion the impact of any escalation in the eurozone debt crisis, the World Bank said yesterday. With China headed
      BLOOMBERG  -  543 words
    • Article, Illustration
      Lock icon MAS 9-month loss tops RM1b after dismal Q3
      504 4  -  Loss of RM477.6m in Q3 as higher fuel costs, forex loss take toll on results ByS JAYASANKARAN in Kuala Lumpur THE bad news just keeps coming for national carrier Malaysia Airlines System (MAS). Yesterday, it announced a third-quarter loss of RM477.6 million
      AFP  -  504 words
    • Article
      Lock icon Q3 growth revised down but prospects look good
      480 4 LATEST US DATA Reuters [WASHINGTON] The US economy grew more slowly than previously estimated in the third quarter, but weak inventory accumulation amid sturdy consumer spending supported views output would pick up in the current quarter. Gross domestic product grew at a
      Reuters  -  480 words
    • Article
      Lock icon No carpark shortage in CBD: minister
      501 4  -  By CHUANG PECK MING [SINGAPORE] Motorists who complain of a shortage of parking space in Singapore’s financial district will just have to bear with it, because the Land Transport Authority doesn’t see a problem. “A survey conducted this year for many of the office
      501 words
    • Article
      Lock icon Beijing likely to be fiscally pro-active, monetarily prudent
      855 4 Reuters [BEIJING] Complaints from China’s local governments that central bank tightening is behind their growth, revenue and debt problems fan market talk of an about turn on policy, but Beijing’s top leadership is more focused on fiscal fixes than monetary moans. A
      Reuters  -  855 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      167 2 f r at F JS. Hwa ChOngirvfTERNATIONAL SCHOOL A MEMBER OF THE HWA CHONG FAMILY OF SCHOOLS Internationalism Innovation Independence m < A i M 3" 4 1' Y/ We are a local international school offering the Cambridge International General Certificate of Secondary Education (IGCSE) and International Baccalaureate Diploma (IBDP)
      167 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      228 2 trust I NATIONAL INFOCOMM COMPETENCY LlTHANHALL Experiential Learning Enriching Careers NICF DIPLOMA IN SOFTWARE AND APPLICATIONS (REQUIREMENT GATHERING AND PROCESS REDESIGN) Professional Qualification Program In ERP Systems In 2009, Lithan Hall Academy, together with WDA launched the "Professional Conversion Program ERP Professional". Hundreds of candidates vied for only 50 positions
      228 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 3
      1 2 www.omy
      1 words
Page thumbnail Page 3
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      122 4 AT THE 'HOTEL OF THE YEAR', we are celebrating the 'Year of You' The Conrad Centennial Singapore is honoured once again to have been awarded 'Hotel of the Year' by the prestigious Hospitality Asia Platinum Awards. For 15 years, we have been striving to find ways to better serve our
      122 words
Page thumbnail Page 5
  • COMPANY NEWS
    • Article
      Lock icon Code misses chance to scratch nine-year itch
      539 5  -  HOCK LOCK SIEW By KENNETH LIM THE Corporate Governance Council may have missed a golden opportunity to further strengthen board integrity by easing off a recommendation for a nine-year-term limit for independent directors. In its final proposal, the council backed off from an
      539 words
    • Article
      Lock icon Cosco Corp’s new president is Wu Zi Heng
      156 5  -  By LYNN KAN COSCO Corporation’s board gets a new president in executive director Wu Zi Heng as Jiang Li Jun steps down from the role. Mr Jiang, 56, will stay on as a vice-chairman on the board, but will be redesignated as
      156 words
    • Article
      Lock icon Pteris Global wins $1m Changi deal
      332 5  -  Group will supply a high-level computer control system for baggage handling By JOYCE HOOI PTERIS Global, an integrated airport logistics system provider, has been awarded a contract worth almost $1 million by Changi Airport Group. As part of the deal, Pteris will supply a
      332 words
    • Article
      Lock icon Guide on risk management coming soon
      269 5  -  It will detail board’s responsibilities for risk governance By KENNETH LIM THE Corporate Governance Council plans to publish a Risk Management Guidebook by early next year in line with its recommendation to strengthen risk policies in companies, said council member Gautam Banerjee. “It will
      269 words
    • Article
      Lock icon China Sky seeking legal advice on SGX directive
      597 6  -  Earlier releases had already dealt with certain issues raised by SGX, it says By KELLY TAY JUST days after it requested a share trading suspension, and was told by the Singapore Exchange (SGX) to appoint a special auditor, China Sky Chemical Fibre
      597 words
    • Article
      Lock icon Liquidator fails to sell MF Global’s HK unit
      336 6 Reuters [SINGAPORE] KPMG, provisional liquidator of the Hong Kong unit of collapsed US futures brokerage MF Global Holdings, said it was focused on returning client funds, having failed to sell the business. Yesterday’s statement from KPMG came as the Australian arm of
      Reuters  -  336 words
    • Article
      Lock icon PCCW leans on institutions for HKT Trust IPO
      521 6 Retail investors are keeping away from US$1.4b offering Reuters [HONG KONG] Retail investors are shying away from PCCW Ltd’s up to US$1.4 billion HKT Trust IPO, leaving the Hong Kong company to lean on institutional investors and fund managers to fill orders
      Reuters  -  521 words
    • Article
      Lock icon Centurion buys stake in Johor workers’ dorm site
      250 6  -  By JOYCE HOOI CENTURION Corporation is buying a stake in a company which will allow it to build a dormitory for workers on a 3.5-acre piece of land in Johor. One of its units, Centurion Dormitories Sdn Bhd (CDSB), is buying a
      250 words
    • Article
      Lock icon S’pore ranks near bottom for women in boardroom
      535 9  -  Women make up 6.4% of directors in a sample of 100 largest local firms By SIOW LI SEN INDIA, Italy and Singapore are way behind when it comes to getting women into the boardroom, according to a Deloitte report. Of the 17
      535 words
    • Article
      Lock icon Parkson may double loan to US$460m
      245 9 Bloomberg PARKSON Retail Group Ltd may almost double a loan signed in November 2010 to about US$460 million after attracting seven commitments from banks in syndication, according to a person familiar with the matter. The Hong Kong-listed operator of department stores in China began
      Bloomberg  -  245 words
    • COMPANY BRIEFS
      • Article
        Lock icon Debao unit wins Foshan land tender
        56 9 DEBAO Property Development said that one of its units has won a tender for a plot of land in Foshan City for 13.54 million yuan (S$2.77 million). The 16,446.1 square metre site is adjacent to its development project, Shanshui Longpan. It plans to fund
        56 words
      • Article
        Lock icon Sunvic unit lands acid supply job
        68 9 SUNVIC Chemical Holdings said that its unit, Jiangsu Jurong Chemical Co Ltd, has agreed to sell to various customers acrylic acid amounting to 334,000 tonnes between end-2011 and end-2014. These agreements are expected to have a material positive impact on the consolidated earnings of
        68 words
      • Article
        Lock icon Pan-United unit in cement joint venture
        63 9 PAN-UNITED Industries Pte Ltd, a unit of Pan-United Corporation Ltd, will form a joint venture with Itochu Corporation, Itochu Singapore Pte Ltd and Ube Industries Ltd. It will take a 49 per cent stake in the joint venture company, Raffles Cement Pte Ltd, and
        63 words
    • Article
      Lock icon PICTET
      266 9 Pictet-Absl Rtn Glo Cons-P EUR 18.11.2011 EUR 100,28 Pictet-Absl Rtn Glo Div-P EUR 18.11.2011 EUR 111,92 Pictet-Asian Equities Ex Japan-P USD 18.11.2011 USD 155,19 Pictet-Asian Local Currency Debt-P USD 18.11.2011 USD 142,79 Pictet-Biotech-P USD 18.11.2011 USD 262,13 Pictet-CHF Liquidity-P 18.11.2011 CHF 124,27 Pictet-Clean Energy-P USD 18.11.2011 USD 61,62 Pictet-Digital
      266 words
    • Article
      Lock icon RISES
      110 9 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 125.8 0.6 JMH 5035 87.1 1.3 Jardine C&C 4441 51.0 1.2 DBXT MSKorea 10US$ 5113 35.1 0.5 JSH 2970 26.0 0.7 DBXT FTVietnam 10US$ 2019 23.4 0.9 OCBC Bk 4.5%NCPS 100 ***** 20.0 0.2 OCBC Bk 5.1%NCPS 100 ***** 20.0
      110 words
    • Article
      Lock icon FALLS
      125 9 BY CENTS CLOSE DOWN GLD 10US$ *****-312.0 -1.4 IS S&P500 *****-250.9 -1.6 Lyxor MS India 10US$ 1195-157.3 -9.2 DBXT Nifty 10US$ 9411-131.3 -1.1 DBXT E50 10US$ 3315 -91.0 -2.1 DBXT MSINDIA 10US$ 755 -57.2 -5.5 Lyxor India Nifty 10 1202 -45.0 -3.6 UOB.ES.1111 1513 -30.0 -1.9 DBXT MSEurope 10US$
      125 words
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      82 5 Our team is focused on achieving a better future by creating richer lives and a greener environment. I v-x I I (1 4 They develop advanced technologies that continue to win the trust of leading developers and the hearts I IV y UWVUIVjp OUVOI Lddl II lUIUylOO LI I CI
      82 words
    • Advertisement
      Lock icon Page 5 Advertisements Column 2
      172 5 WA i IKHKS HID BlK 3»H!SK "> ll IgKSSl I 9 v N> SV la 0 s *2sJ? m+\< World's Finest Serviced Offices A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of
      172 words
Page thumbnail Page 6
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      268 7 Luxury has progressed with lightweight technology. Change the game with the all-new lightweight Audi A6 range. Lightness is the new paradigm of luxury. Introducing the all-new Audi A6 range, presented in 3 engine variants: 2.0 TFSI®, 2.8 FSI and 3.0 TFSI®. This performance car is packed with more than just
      268 words
Page thumbnail Page 8
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI up on expected bounce in West
      590 8  -  Index gains 19 points after losing 93 points in five sessions; turnover remains subdued STOCKS R SIVANITHY Senior Correspondent AS always, prices here move in advance of the West. Such was the case on Monday when the Straits Times Index (STI) dived 3
      Source: Bloomberg  -  590 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 2 0 0 0 7 6 2 Manufacturing 52 42 37 4 6 4 56 48 41 Commerce 27 8 13 1 3 4 28 11 17 Tpt/Stor/Comms 17 8 13
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,293 22,293 63,618 63,618 Manufacturing 130,900 7,301 138,201 113,473 63 113,536 Commerce 161,683 8,684 170,367 164,052 253 164,305 Tpt/Stor/Comms 124,314 31,811 156,125 162,606 4,007 166,613 Finance 18,882 10 18,892 177,312 2 177,314 Construction 74,304 2,130
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 1.320 -0.010 CapitaLand 2.500 -0.040 CapitaMall 1.770 +0.020 CityDev 9.880 -0.050 ComfortDelGro 1.400 +0.005 DBS Grp 12.300 +0.080 F&N 6.170 +0.070 GLP 1.820 +0.040 Genting SP 1.535 +0.030 Golden Agri 0.670 +0.025 HK Land 4.620 -0.020 JMH 50.350 +0.670 JSH 29.700
      112 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Nov 22 VALUE CLOSE BT OB/OS -595.00 +76.00 BT CADI -*****.00 +38.00 BT 10-day MA -*****.00 -59.00 FTSE ST Mid Cap 611.76 +4.20 FTSE ST Small Cap 412.57 +1.86 FTSE ST All Share 654.08 +4.50 FTSE ST China Top 193.53 +2.43 FTSE ST China 227.27 +1.84 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME Genting SP 119,653,000 Golden Agri 104,167,000 Noble Grp 80,557,000 PSL Hldgs 45,963,000 MDR 35,175,000 Memstar 31,802,000 Oceanus 30,880,000 HPH Trust US$ 23,798,000 SingXpress 23,442,000 SingTel 22,481,000 VALUE($) Genting SP 180,814,965 Noble Grp 88,156,790 SingTel 70,674,560 Golden Agri 68,670,140 UOB 62,292,560 DBS Grp 50,284,792 CapitaLand 50,074,820 OCBC
      58 words
    • Article, Illustration
      Lock icon QUICKCHART
      445 8  -  by Kim Eng Research Struggling for direction Year-to-date, the counter has swung between $3.30 and $2.85 in a rather directionless pattern. The broad overall trend is sideways and the key moving averages are mixed. A break of either the immediate support or resistance level is needed to indicate that
      445 words
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      362 8 Commission rebates on USA and HK trades More benefits when you trade with Kim Eng Free Access to Technical Analysis Tool Free US and HK Live Prices Win a Trip for 2 to Las Vegas! For details, please visit www.kimeng.com.sg or email helpdesk@kimeng.com or call 6231 6688. E&SE bout E
      362 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      232 9 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings NOTICES WINNER IG Markets Investment MARKETS 0.1% commission and Direct Market Access on Singapore share CFDs Straits Asia Resources Ltd 2 890 Chg: 0 010 2.920 L 2 060 a I 2.880 2.870
      232 words
Page thumbnail Page 10
  • SINGAPORE NEWS
    • Article
      Lock icon Oct power demand falls 3%, reflects economic slowdown
      587 10  -  Month-on-month slide starting from Aug expected to continue in Nov By RONNIE LIM ELECTRICITY demand in Singapore, including by power-guzzling industries, has started falling, mirroring the economic slowdown here. It fell 3 per cent year-on-year in October the first decline this year
      587 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Offensive Net postings being investigated
        132 10 THE police are investigating several complaints of offensive postings on religion on the Internet, the Ministry of Home Affairs said in a statement yesterday in response to media queries. The public should let the investigations take their course and refrain from adding comments that may
        132 words
      • Article
        Lock icon Survey takes snapshot of productivity
        151 10 A NEW survey by Ernst Young reported that cumbersome work processes and systems, low quality work, and the poor utilisation of capacity are the key hindrances to productivity in Singapore. The snapshot pilot study of 110 Singapore workers from public and private sectors, conducted earlier
        151 words
    • Article
      Lock icon Analysts see strong demand for Bedok project
      467 10  -  Even though indicative prices at up to $1,400 psf are higher than expected By UMA SHANKARI ANALYSTS said that the indicative selling price of $1,150 to $1,400 per square foot (psf) at CapitaLand’s newest condominium, Bedok Residences, is higher than expected but they
      467 words
    • Article, Illustration
      Lock icon Capitol to be the epitome of luxury
      386 10  -  By MICHELLE TAN IT IS yet to be launched, but the property market already seems to be abuzz about the 34 uber luxurious residential units that will be built on the old Capitol site. Attributing the residential tower’s popularity to its exclusivity and
      386 words
    • Article, Illustration
      Lock icon Secret customs data cleared for sharing
      415 10  -  Public agencies to get such data only when justified YESTERDAY IN PARLIAMENT Reports by CHUANG PECK MING STRICTLY confidential data that traders give to Singapore Customs can soon be disclosed to domestic public agencies in cases of public interest and concern. But traders can
      415 words
    • IN BRIEF
      • Article
        Lock icon Saturday ERP remains for some areas
        91 10 ELECTRONIC Road Pricing (ERP) on Saturdays in Orchard Road and the Bugis-Marina Centre area is here to stay at least for a while. Minister of State for Transport Josephine Teo said that the reasons that led the government to introduce ERP on Saturdays in
        91 words
      • Article
        Lock icon Ex-offenders in civil service not tracked
        67 10 JOB seekers who have had their criminal records spent can declare that they do not have a criminal record when applying for a job in the civil service. And because of this, said Minister of State for Home Affairs Masagos Zulkifli bin Masagos Mohamad,
        67 words
      • Article
        Lock icon 800 cyclists get summoned annually
        74 10 SOME 800 summonses were issued yearly to cyclists for cycling offences committed along roads in the past three years, according to Deputy Prime Minister Teo Chee Hean. The common infringements were failure to ride in an orderly manner, riding during the hours of darkness without
        74 words
    • Article
      Lock icon S’pore mobile ad market growth outpaces Asia in Q3
      474 10  -  Apple remains the top platform here but it continues to lose share to Android, data shows By CARINE LEE THE growth of Singapore’s mobile advertisement market outpaced that of Asia, with a 30 per cent increase quarter on quarter to 469.35
      474 words
Page thumbnail Page 11
  • ECONOMY WATCH
    • Article
      Lock icon Germans poised to spend big for X’mas
      428 11 They increase budget by 2.7% amid low interest rates, good job numbers Bloomberg [FRANKFURT] Germany’s government is offering 211 billion euros (S$370.5 billion) in guarantees to save the European economy. The country’s consumers are doing their part, too. Germany, where the first Christmas
      Bloomberg  -  428 words
    • Article, Illustration
      Lock icon Margin crunch seen hitting US retailers
      426 11 Reuters [NEW YORK] US retailers trying to woo shoppers with early deals and longer hours this week, and throughout the holiday season, could be putting their profits at risk as shoppers search for bargains and not much else. Wal-Mart Stores Inc, Toys R Us
      Reuters; BLOOMBERG  -  426 words
    • Article
      Lock icon S Korea pushes through US FTA despite protests
      457 11 The pact is seen helping the Korean economy grow 5.7% within a decade Bloomberg [SEOUL] South Korea’s assembly passed a free-trade agreement (FTA) with the US over the objections of opposition lawmakers, paving the way for the accord with the world’s biggest
      Bloomberg  -  457 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      377 11 I am always looking out for the best returns Get easy access to competitive rates with our Foreign Currency Services Whether you're looking to place your money in a foreign currency fixed deposit or to remit funds overseas, DBS offers you a comprehensive suite of services. Higher interest rates Enjoy
      377 words
    • Advertisement
      Lock icon Page 11 Advertisements Column 2
      23 11 TT; 1 as i JERRY LUM Snr Marketing Director, MBA, CES CEA Licence no: R *****6 D I HP: 8288 0098 View: jerrylum.myweb.sg
      23 words
Page thumbnail Page 12
  • MALAYSIA/INDONESIA
    • Article
      Lock icon Harvest Court shares hit as PM’s son quits
      509 12  -  Nazifuddin Najib steps down as director, cites ‘speculation’ since he became shareholder in Oct By PAULINE NG in Kuala Lumpur SHARES of Harvest Court Industries plunged yesterday following the resignation of Mohd Nazifuddin Najib as a director of the wood-based product manufacturer.
      509 words
    • Article
      Lock icon KL’s Peaceful Assembly Bill falls short of demands
      337 12 Activists note bill still enables police to reject rally plans AP [KUALA LUMPUR] Malaysia’s government yesterday announced legislation to create rules for public demonstrations, but protesters will not be allowed to take to the streets and would face other restrictions that opposition
      AP  -  337 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      161 12 1 BWWNX6U m m 9. m SLEEK BEAUTY. BEASTLY POWER The BMW X6 M is a stunning expression of M power. Unrivalled in acceleration, lateral dynamics, steering and efficiency, the BMW X6 M is without a doubt the world's most powerful Sports Activity Coupe. With the all-new BMW Individual options,
      161 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 2
      74 12 GRAB YOUR YEAR-END BUMPER ISSUE NOW! GUIDETOGEAR: BUY SOME HAPPINESS! IC Our Biggest Issue Ever! REDEFINE YOURUMITS! PC 142 106 NEW MOVES THE r 1 BEST CES >G64 AT WH GET A BODY UKETHIS IN UNDER 30MINS! il! HI IrK RIOTOUS SEX EVERY NIGHT! Rene EXTRA WITH THIS ISSUE! •MEN'S
      74 words
Page thumbnail Page 13
  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Delhi resolves to push through critical reforms
      675 13 Opposition hunkers down to use current Parliament session to attack govt Reuters [NEW DELHI] As India’s boom gives way to gloom, the government is banking on a brief winter session of Parliament that started yesterday to kickstart its long-stalled agenda of economic reforms.
      Reuters; AP  -  675 words
    • Article
      Lock icon Women in China to have longer maternity leave
      463 13 Move promises to standardise, improve their labour rights Bloomberg [HONG KONG] China plans to give women eight days more paid maternity leave in an overhaul of benefits that promises to standardise and improve their labour rights. Standard maternity leave will be increased
      Bloomberg  -  463 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      173 13 BMW X5 M TJ <^i J Munich Automobiles Sheer munichauto.com.sg Driving Pleasure A Oi) e m EM BMWX5 M II M RAW BEAUTY. BEASTLY HORSEPOWER Achieve the perfect complement of raw power and raw beauty with the BMW X5 M the world's most powerful Sports Activity Vehicle. Power is never
      173 words
Page thumbnail Page 14
  • BUSINESS Superbrands FEATURE
    • Article
      Lock icon Business Superbrands Recognises Singapore's Leading B2B Brands
      328 14 Superbrands is the world's largest brand marketing promotional platform which pays tribute to the strongest and most valuable brands. The programme operates in more than 80 countries worldwide. Launched in Singapore in 2009, the Business Superbrands programme identifies, acknowledges and celebrates leading B2B
      328 words
    • Article, Illustration
      Lock icon Power to Change
      644 14 Global supplier and manufacturer of heavy equipment, POWERPLUS is now creating opportunities and jobs wherever it grows Brought to you by Superbrands Business Superbrand POWERPLUS is one home-grown company that never ceases to innovate. Not only in the development of products and technologies of the equipment the
      644 words
    • Article, Illustration
      Lock icon A Driving Force in Luxury
      661 14 With the Eurokars brands, you're not just buying a car...you're buying an experience Being in the market for a new vehicle can be an exciting time. However, with so many models and dealers to choose from, it is the companies that go the extra mile
      661 words
    • Article, Illustration
      Lock icon Nurturing the Eternal Flame
      594 14 City Gas keeps the fires burning in homes and industries with innovative product lines supported by progressive marketing strategies Originally founded as Singapore Gas Company in 1861, City Gas began as a gas contractor for street lamps, and has since grown into an integral supplier of
      594 words
    • Article, Illustration
      Lock icon Hot Properly
      654 14 ROI, ROR, ROE, IRR no matter which abbreviation you use, ARA is riding high in the real estate business We work in office towers, becoming one of the largest we shop in malls, yet most REIT managers in the region, of us do not give a moment's with
      654 words
Page thumbnail Page 15
  • WORLD
    • Article, Illustration
      Lock icon No rating downgrades yet for US after debt deal failure
      427 15 US lawmakers have abandoned their effort to rein in the country’s debt Reuters [NEW YORK] Rating agencies Standard Poor’s and Moody’s said yesterday that there will no immediate downgrade of their credit ratings on the United States due to the
      Reuters; REUTERS  -  427 words
    • Article
      Lock icon Market ignores France’s AAA rating
      397 15 Bloomberg [PARIS] Investors aren’t waiting for Standard Poor’s or Moody’s Investors Service to strip France, Europe’s second-biggest economy, of its top credit rating. The extra yield demanded to lend to AAA-rated France for 10 years was 154 basis points more than the German rate on
      Bloomberg  -  397 words
    • Article, Illustration
      Lock icon Missing funds may top US$1.2b at MF Global
      639 15 Trustee’s surprise finding is double previous estimates NYT [NEW YORK] The amount of customer money missing from the collapsed trading firm MF Global may be more than US$1.2 billion double previous estimates the trustee dismantling the firm’s brokerage unit said on Monday.
      NYT  -  639 words
    • Article, Illustration
      Lock icon Ex-AIG chief sues US govt over bailout
      545 16 Suits by him and his firm against NY Fed and Treasury seek US$25b in damages NYT [NEW YORK] Maurice Greenberg, the former chief executive of the American International Group (AIG), has sued the US Treasury and the Federal Reserve Bank of New York,
      NYT  -  545 words
    • Article
      Lock icon BofA, Fannie Mae clash over loan buybacks
      466 16 Bloomberg [NEW YORK] Bank of America Corp told Fannie Mae it won’t cooperate with the US mortgage firm’s new stance on loan buybacks, setting up the lender for a potential surge in claims and penalties. The bank is disputing Fannie Mae’s demand that
      Bloomberg  -  466 words
    • Article
      Lock icon Gilead to buy Pharmasset
      415 16 Bloomberg [NEW YORK] Gilead Sciences Inc, the world’s largest maker of HIV medicines, agreed to buy Pharmasset Inc for about US$11 billion, betting that its experimental hepatitis C treatments will lead the next generation of therapies in a market that may reach US$20 billion by 2020.
      Bloomberg  -  415 words
    • Article, Illustration
      Lock icon Buffett ready to spend US$10b on next deal
      479 16 Bloomberg [FUKUSHIMA] Warren Buffett, who invested US$23.9 billion for his Berkshire Hathaway in the third quarter, said the company could spend as much as US$10 billion on its next acquisition. Mr Buffett has US$8 billion to US$10 billion to spend on the
      Bloomberg; AP  -  479 words
    • Article
      Lock icon Bankers see dark days as job cuts hit
      842 17 They’re choking on fears that new rules will fundamentally change their business models said in an e-mail. Reuters, Bloomberg [NEW YORK] Wall Street bankers are used to vicious swings in fortunes it is in their DNA. Make a killing in the good
      said in an e-mail. – Reuters, Bloomberg; – Reuters,  -  842 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      1086 15 thebusinesstimeswww.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 weekend www.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 the raffles conversation CAREER DIPLOMAT BARRYDESKER 12-13 cheap funds Local banks to slash savings ratesDBS Bank, OCBC DBS Bank and UOB will offer amere 0.05 per cent mere come October, even asHSBC and
      1,086 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      1843 16 >©>' MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices VIKING OFFSHORE AND MARINE LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****7300M) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all terms defined in this Notice of Extraordinary General Meeting shall have the same meanings as those defined
      1,843 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 2
      376 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 POKKA DINING PTE. LTD. (Co. Reg. No.: *****2671C) (IN MEMBERS'VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company deemed to have been held at 39 Quality Road, Singapore *****0 on 18 November 2011, the following resolutions were duly passed: 1.
      376 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      534 17 RAJAH TANN Lawyers who know Asia Senior Counsel Series 2011 Rajah Tann LLP presents the second run of its annual Senior Counsel Series featuring all five of our Senior Counsel Lee Eng Beng SC, Andre Yeap SC, Francis Xavier SC, Toh Kian Sing SC and Harpreet Singh Nehal SC. Venue:
      534 words
Page thumbnail Page 18
  • COUNTRY PROFILE: KAZAKHSTAN
    • Article, Illustration
      Lock icon Kazakhstan’s modernisation drive
      1353 18  -  Its leaders believe the key is developing the knowledge, social and physical well-being of the population. SPECIAL FEATURE By VINCENT WEE AS KAZAKHSTAN reaches its 20th year of independence, the areas of education, healthcare, language and tolerance have been made top social priorities as the country plots
      1,353 words
    • Article
      Lock icon More Kazakhstani students heading for S’pore universities
      568 18 VINCENT WEE KAZAKHSTAN regularly sends students to Singapore to study under its Bolashak Scholarship which sponsors students for overseas study. They study at leading Singapore universities such as National University of Singapore (NUS) and Nanyang Technological University (NTU). Overall, within the programme young
      VINCENT WEE  -  568 words
    • Article
      Lock icon New Nazarbayev University aims to offer world-class education
      719 18 It will have 4 schools and 3 research centres with state-of-the-art scientific equipment VINCENT WEE KAZAKHSTAN’S new Nazarbayev University (NU) in the capital Astana has ambitions of eventually offering a world-class education to 20,000 students a year, reducing the need to send
      VINCENT WEE  -  719 words
    • Article, Illustration
      Lock icon Winning friends, influencing others
      1220 19  -  Kazakhstan cultivates East-West ties, SPECIAL FEATURE writes VINCENT WEE IN line with its growing prominence in the world, Kazakhstan is stepping up to the plate with new initiatives to keep up with the current economic and political situation. Right from the start, Kazakhstan’s President Nursultan Nazarbayev
      1,220 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      124 19 at fan W am l ;.j Mw IS jA n TL $£i 5 a > L Hi# «5 §2 :-> K o -o .<5 O An Invitation to Experience ■wrnmm Kazakhstan Through the Lens All eyes will be on "The Face Of Kazakhstan Photo Gallery" at Suntec Singapore, Galleria Foyer,
      124 words
Page thumbnail Page 20
  • EDITORIAL & OPINION
    • Article
      Lock icon Myanmar emerging from the shadows
      490 20 EDITORIAL BY agreeing to let Myanmar take up the chairmanship of Asean in 2014 two years ahead of schedule the 10nation grouping has taken an unusual step. But it is also a positive one that would more likely than not encourage the regime in Yangon
      490 words
    • Article, Illustration
      Lock icon Is China’s talk of peace just empty talk?
      782 20  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 AMERICAN President Barack Obama’s recent schedule reflected just how deeply the United States is getting involved in Asia and, at the same time,
      782 words
    • Article, Illustration
      Lock icon Obama’s Asia visits and his evolving worldview
      1113 20  -  If a large TPP becomes a reality, it’ll be the most important consequence of his latest visit By SHAHID JAVED BURKI The writer, a former Pakistani finance minister and World Bank vice-president, is visiting senior research fellow at the Institute of South Asian
      REUTERS  -  1,113 words
    • Article, Illustration
      Lock icon When leaders fail to lead
      952 21  -  America’s politicians have not been able to muster the will to make unpopular and painful decisions LEON HADAR Washington Correspondent TO no one’s surprise, the US congressional Super Committee ended its effort to put America’s fiscal house in order ended with a whimper. The Democratic
      AFP  -  952 words
    • Article, Illustration
      Lock icon Geopolitics to thicken plot of oil price story
      1022 21  -  G PANICKER The writer was formerly with BT’s foreign desk OIL supply has tightened. Stocks in rich countries have fallen below their fiveyear average. Spare production capacity is limited. US crude prices rose almost 18 per cent last month. And the Western
      AP  -  1,022 words
    • Article
      Lock icon MAS rules do little to align Reit management and shareholder interests
      462 21  -  LETTER TO THE EDITOR Bobby Jayaraman Singapore I THANK Angelina Fernandez of the MAS for responding to my suggestions on Reit manager incentives in her letter, “Rules protect investors’ stake in interested party deals in Reits: MAS” (BT, Nov
      462 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      103 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words
Page thumbnail Page 22
  • TransportHUB
    • Article, Illustration
      Lock icon Box-ship players boxed-in
      922 22  -  Only a very few will have deep enough pockets for the needed investments to survive STRAIT TALK By DAVID HUGHES IT IS, apparently, cheaper to carry a container by ship from Asia to Hamburg than transport it by road from Hamburg to Leipzig. I know that interesting
      BLOOMBERG  -  922 words
    • Article
      Lock icon HNA unit seeks funds to pay 10 shipowners; pares fleet
      213 22 Bloomberg [SHANGHAI] Grand China Logistics Holding (Group) Co, part of state-controlled HNA Group, is seeking funds to cover late payments owed to about 10 shipowners and paring its fleet following sea-cargo losses. “We are actively talking to every shipowner and
      Bloomberg  -  213 words
    • Article
      Lock icon Seven missing after S Korean cargo ship sinks
      200 22 AFP [SEOUL] Seven crewmen were missing and 14 others were rescued after a South Korean bulk carrier sank in the South China Sea, Seoul’s foreign ministry said yesterday. The 15,000-ton ship, which survived an encounter with Somali pirates in 2008, went down
      AFP  -  200 words
    • Article
      Lock icon Speeding ships to put brakes on rates rally
      734 22 Equity investors see narrowing losses for companies in 2012 Bloomberg [LONDON] The biggest rebound in oil-tanker rates in almost two years is already being threatened by signs the surge may spur ships to speed up, increasing vessel supply and undermining the rally.
      Bloomberg  -  734 words
    • Article
      Lock icon Low water levels hit freight shipping on Rhine, Danube
      289 22 Reuters [HAMBURG] A further drop in water levels over the weekend is hindering freight shipping on the Rhine and Danube rivers in Germany and some vessels are sailing only 50 to 20 per cent full, traders said on Monday. “Some shipping
      Reuters  -  289 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 22 SGX '000 Nov 22 S$ +/-Vol CH Offshore unch unch 0 Chuan Hup Hldg 0.21 unch 35 Cosco Corp 0.90 0.02 9207 CWT Ltd 1.02 0.01 145 Ezra Hldgs 0.86 unch 6335 First Ship Lea 0.30 -0.01 1217 Freight Links 0.06 unch 1178 Grand Banks unch unch 0
      278 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Air France to add 3 more Paris-Singapore flights
        434 23  -  Jump in frequency to start in May next year; given Asia’s ‘great potential’ By VEN SREENIVASAN AIR France has become the latest airline to boost capacity into Singapore’s Changi Airport, as more airlines increase their presence in the buoyant Asia-Pa-cific travel market
        REUTERS  -  434 words
      • Article
        Lock icon Qantas PR drive runs into critical storm
        326 23 It’s described as an excellent case study in corporate cultural tone deafness Reuters [CANBERRA] Australia’s Qantas Airways has been left red-faced after an ill-timed public relations campaign and Twitter competition backfired, drawing thousands of angry responses. Qantas on Tuesday invited users of the
        Reuters  -  326 words
      • Article
        Lock icon AirAsia Q3 net falls 53% on fuel costs
        115 23 Bloomberg [KUALA LUMPUR] AirAsia Bhd said third-quarter profit slumped 53 per cent as higher fuel costs eroded gains from flying more passengers. Net income dropped to RM152.3 million (S$62 million), or 5.5 sen per share, from RM327.3 million, or 11.9 sen, a
        Bloomberg  -  115 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon China car sales seen accelerating next year
        681 24 Foreign carmakers’ upbeat projections contrast with Beijing warning of lengthy global recession Bloomberg [SHANGHAI] China’s pas-senger-car sales will rise as much as 10 per cent next year, faster than the current pace of deliveries, supported by first-time buyers, according to General Motors Co,
        Bloomberg; BLOOMBERG  -  681 words
      • Article
        Lock icon Volvo in talks to sell aero engine parts biz
        400 24 Re uters [STOCKHOLM] Swedish group Volvo, the world’s second-biggest maker of trucks, is in talks to sell its aerospace engine component business, it said on Monday. The decision to sell Volvo Aero, which in the third quarter accounted for just over
        Reuters  -  400 words
      • Article, Illustration
        Lock icon GM moves to speed up restructuring of Opel
        610 24 Vice-chairman and 2 execs named to lead the unit’s board Reuters [DETROIT] General Motors Co moved yesterday to speed up the restructuring of its money-losing Opel brand, naming its vice-chairman and two other senior executives to lead the unit’s board. Under heavy
        Reuters; AP FILE PHOTO  -  610 words
      • Article
        Lock icon Chrysler replaces head of flagging Fiat brand
        262 24 Reuters [DETROIT] Chrysler Group LLC, the smallest US automaker, replaced the head of Fiat in North America after the Italian brand fell far short of sales forecasts in the first year of its return to the American market. Chrysler, which is major-ity-owned by
        Reuters  -  262 words
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      467 22 Low-Cost Global Crew Payments Pay any crew member anytime, anywhere. Direct deposit to bank accounts worldwide Brandable prepaid cards e-wallets Western Union cash pickups at 400k+ locations Multi-currency multi-lingual payment service Online,Mobile IVR account access for crew www.hyperwallet.com/shipping shipping@hyperwallet.com +65 6408 0640 UNION STEEL HOLDINGS LIMITED (Incorporated in the Republic
      467 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      122 23 *0 m ff A f t i /A# *u* IE Hi UP i a 1 < n A CJ fr wr B A ft" ■/f> KM as /< a EE LE ..1 Vf' «W 9Efe£&fiL Ji>: I I i 5* -A ■M&a if r X I r-i fW^' r w
      122 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      361 23 CRYPTIC CROSSWORD Across 5 What a lazy setter may resort to (6) 8 A half of Pernod and vermouth provided drink (8) 9 Smallest particle visible in any dissection (7) 10 First-class oil used for garlic mayonnaise (5) 11 Found a woozy bliss following electric shock treatment (9) 13 Dunces’
      361 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      1292 24 NEWSPAPER NOTICE NOTICE IS HEREBY GIVEN pursuant to Sections 76(10)(h) and 76(12) of the Companies Act (Chapter 50 of Singapore) (the “Act”) that at the Extraordinary General Meeting of FCI Microconnections Asia Pte. Ltd. (the “Company”) held on 21 November 2011, the following special resolutions were passed: “SPECIAL RESOLUTIONS FINANCIAL
      1,292 words
    • Advertisement
      Lock icon Page 24 Advertisements Column 2
      205 24 IN THE MATTER OF THE COMPANIES ACT., CHAPTER 50 AND IN THE MATTER OF YEOMAN AGENCIES (S’PORE) PTE LTD (INCORPORATED IN SINGAPORE) (Company Registration No.: *****0296D) (In Creditors’ Voluntary Winding up) NOTICE OF CREDITORS’ MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act., Cap. 50,
      205 words
Page thumbnail Page 25
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7970 25 Transaction date: Nov 22 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 10.5 15.5 7.8 3.9 3.2 74.2 9.5 4.1 A-Sonic 4.5 -0.1 8 4.5 4.5 4.5 5.8
      7,970 words
    • Article
      Lock icon SGX CATALIST
      1568 26 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 12.6 13.2 4.7 4.4 4.9 22.5 5.5 2.5 t AA Grp 3.3 2.7 3.5 15.7 3.2 200 98
      1,568 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      10083 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.18/ APS Alpha Fund (USD)!** 0.9/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.6/ Aberdeen Asset Mgt Asia Limited American Opp 0.609/ Asian Credit Fund
      10,083 words
    • Article
      Lock icon GLOBALQUOTE
      226 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A39 34 44.5 3.6 9 3.1 101.6 49 25.5 Genting HK US$ US28.5 +1 8259 29 27.5 28.5 29 1876.6 15 10 OGL Resources
      226 words
    • Article
      Lock icon SGX ETF
      849 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 117 116.4 117.6 534.1 1261 856 CIMBAsean40 100US$ US929 -4 12 929 924 927 37.2 ***** ***** DBXT AUD Bonds
      849 words
Page thumbnail Page 26
Page thumbnail Page 27
  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Nov 21 Index Change Change Change Change Change Change World Preliminary 788.1 -2.3 -12.2 -2.1 -10.4 -2.7 -12.0 EAFE Preliminary 651.4 -2.1 -18.7 -2.2 -16.4 -2.8 -17.9 Europe Preliminary 957.9 -2.9 -18.0
      373 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Nov 21 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.47 -1.96 WTI (Near Mth) 96.57 -1.11 Dubai (1-Mth F) 104.83 -2.31 Tapis blend 112.56 -2.78 Minas 108.76 -2.78 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 92.67 -1.72 Jet Kerosene 126.67 -2.08 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon CHICAGO BOT
      107 27 Nov 21 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1148.00 1168.25 1174.25 1145.00 Mar 12 1158.00 1178.25 1183.75 1155.25 May 12 1167.75 1188.00 1193.00 1165.25 Jul 12 1176.75 1197.00 1201.75 1174.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 11 49.89
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      81 27 Nov 22 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 23.02.2012 0.31 0.25 0.25 1-Year BY*****W 01.11.2012 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.34 103.35 103.35 5-Year N*****0W 1.125 01.04.2016 102.46
      81 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      448 27 Nov 22 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.3525 0 2256 Mar12 99.2000 0 3280 Jun12 99.1800 0 1053 Sep12 99.1800 0 584 EUROYEN TIBOR FUTURES Dec11 99.6650 0 4445 Mar12 99.6575 400 1937 Jun12 99.6600 0 1470 Sep12 99.6575 200 711 Dec12 99.6600
      448 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      128 27 As on 21 November 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT DEC2011 1726.40 1713.70 1678.70 36 SILVER FUT DEC2011 32.115 31.240 31.120 10 CURRENCY AUD-USD FUT DEC2011 .9954 .9834 .9814 3060 EUR-USD FUT DEC2011 1.3540 1.3435 1.3519 7803 GBP-USD FUT
      128 words
    • Article
      Lock icon SGX FUTURES
      179 27 Nov 22 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 11 329.9 316.5 327.0 21 474 Jan 12 326.0 322.0 327.5 44 324 Feb 12 329.5 326.0 330.7 73 190 Mar 12 335.0 335.0 335.0 8 288
      179 words
    • Article
      Lock icon LONDON METALS
      69 27 Nov 21 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2045.00 2089.75 3 months 2067.00 2110.00 Copper, Grade A (US$/tonne) Cash 7283.00 7500.75 3 months 7310.00 7525.00 Lead (US$/tonne) Cash 1969.50 2036.00 3 months 1993.00 2059.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article
      Lock icon LIFFE
      81 27 Nov 21 COCOA (£/tonne) Close Prev High/Low Dec 11 1514 1537 1534/1510 Mar 12 1541 1565 1562/1535 May 12 1557 1581 1578/1552 Jul 12 1571 1596 1593/1568 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1830 1839 Jan 12 1871 1880 1890/1852 Mar 12 1905 1917 1928/1890 May 12 1932
      81 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2105 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 45 52.50 30 ASJ Hldgs W*****1 0.1 1 4 24 33.00 3 AlliedTech W*****2 1.7 1 4 24 Ascendas Reit.ES.1111 203 Aztech Grp W*****3 0.4
      2,105 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 27 Nov 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.024 6.285 0.730 7.696 51.828 89.459 0.761 11.304 3.140 1.316 86.253 42.726 1.285 8.190 0.904 29.939 30.794 0.630 0.988 Canada 0.977 6.138
      464 words
    • Article
      Lock icon SIBOR
      82 27 Nov 22 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      82 words
    • Article
      Lock icon PRECIOUS METALS
      137 27 Nov 22 GOLD (US$/oz) Nov 21 Nov 22 Hong Kong 1718.00 1695.00 Nov 18 Nov 21 London 1723.89 1691.92 1724.90 1693.64 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
      137 words
    • Article
      Lock icon PALM OIL
      57 27 Nov 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 11 3184 3200 3214 3155 705 5176 Jan 12 3197 3195 3214 3150 3468 ***** Feb 12 3191 3191 3214 3145 ***** ***** Mar 12 3197 3188
      57 words
    • Article
      Lock icon STOCK INDEX FUTURES
      24 27 Nov 22 Open High Sett STI Nov 2717 SIMSCI Nov 305.5 309.5 308.4 Taiwan Nov 251.1 252.8 250.4 Source: SGX Derivatives
      24 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Nov 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2838 1.2860 0.9875 0.9884 Canadian dollar 1.2541 1.2558 0.9646 0.9652 Euro 1.7588 1.7604 1.3528 1.3530 NZ dollar 0.9751 0.9773 0.7500 0.7511 Sterling pound 2.0376 2.0396 1.5673 1.5676
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Nov 22 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.313 1.251 Can dollar 1.277 1.228 Euro 1.79 1.722 Sterling pound 2.076 1.997 NZ dollar 1.003 0.956 US dollar 1.322 1.272 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 27 Nov 22 $S Offer Bid 0vernight 0.01 par 1-month 5/16 3/16 2-months 5/16 3/16 3-months 5/16 3/16 Overnight mode: 0.25 US$ 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 1.00 0.80 12
      154 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Nov 22 S$ Bid Offer 1-month 1.3002 1.3012 2-months 1.3001 1.3011 3-months 1.2997 1.3008 6-months 1.2971 1.2986 Source: OCBC
      22 words
Page thumbnail Page 28
  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    4434 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
    4,434 words
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      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
      41 words
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Lock icon Page 29 Advertisements Column 1
      174 29 Shipping lines seeking reliable logistics partners R rgently n el ca by shippers n they -Find youi re in the Shippii servio ig Time THE BUSINESS TIMES SHIPPING TIMES Announce Your Corporate Developmen |§5 YUSEN SL SgALj.OQ!g T i cs VUSEN Air a Sea Service (S) Pte Ud N J'K
      174 words
    • Advertisement
      Lock icon Page 29 Advertisements Column 2
      16 29 I CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIME PLACE YOUR AD HERE
      16 words
Page thumbnail Page 30
  • executive Money
    • Article, Illustration
      Lock icon Wall Street is full of the young and the jobless
      739 30 Headcount of financiers aged 20-34 falls 25% from 3Q08 to 3Q11 NYT [NEW YORK] Steve Ferdman celebrated getting a recent job offer from Credit Suisse in the usual Wall Street fashion. Over expensive oysters and dark rum cocktails at a
      NYT; AP  -  739 words
    • Article, Illustration
      Lock icon Catastrophe bonds: an option to consider
      1327 31  -  The returns from such bonds are largely uncorrelated with macroeconomic factors, making it a valuable form of diversification in a portfolio of more traditional asset classes, write TIM CARR ANJA MAY Mr Carr is alternatives analyst, and Ms May is strategic solutions analyst, Schroders
      Source: Schroders/Credil Suisse/Bloomberg, December 2009  -  1,327 words
    • Article
      Lock icon Lack of planning may spur resource shocks: McKinsey
      430 32 3b more people will join resource-hungry middle classes by 2030, its report adds Reuters [LONDON] Short-term political decision-making and market forces in the West may prevent needed action in the commodity and energy sectors to avoid shocks as three billion more people
      Reuters  -  430 words
    • Article
      Lock icon Resource prices seen staying high
      318 32 Reuters [NEW YORK] A report by the McKinsey Global Institute, Resource Revolution, lays out the challenges in a world that will see three billion people join the middle classes over the next two decades, spurring further huge demands for resources. The institute is the research
      Reuters  -  318 words
    • Article, Illustration
      Lock icon Experience vs education in fund management
      1172 33  -  Treadneedle chief says experience adds to fund performance By TEH HOOI LING EDUCATION or experience which matters more in fund management? Simon Davies, executive chairman of Treadneedle Investments, who has 30 years of experience in the industry, says the scale tips slightly more towards
      1,172 words
  • Page 30 Advertisements
    • Advertisement
      Lock icon Page 30 Advertisements Column 1
      376 30 Now available in Singapore Deutsche Bank db X-trackers ETFs I China Pakistan India an 9' a< es t 1 Vietnam Korea Japan Taiwan Hong Kong hailand Philippines y Ok ?arSingap Indonesia db X-trackers ETFs V The world's first Pakistan and Bangladesh ETFs from the largest provider of Asian Indices ETFs
      376 words
    • Advertisement
      Lock icon Page 30 Advertisements Column 2
      145 30 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
      145 words
Page thumbnail Page 31
  • Page 31 Advertisements
    • Advertisement
      Lock icon Page 31 Advertisements Column 1
      187 31 Until he helped Thomas Edison perfect the invention that would change the world, Francis Jehl would not rest. (Michigan, 1929.) What can your bank learn about determination from Francis Jehl? Thomas Edison knew a good idea when he saw one. And fortunately for him, Francis Jehl was committed to helping
      187 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      603 32 GET SMARTER WITH SMARTPHONE MOMENTUM Watch Lists f S Real Time Quotes 11:35 PMET 09/U/11 'M M E*TRADE MOBILES-PRO Unleash Your U.S.Trading a Streaming Real-time Quotes Complete View of Accounts Easy Stock Market Indexes Stocks at a glance Live Watch Lists Portfolios Options Trading Market News Commentary COMMISSION FROM AS
      603 words
    • Advertisement
      Lock icon Page 32 Advertisements Column 2
      139 32 MUST VISIT TODAY 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 r -x§c •v.* FUJIAN COMMODITIES EXPO SINGAPORE ASIA EXPO SINGAPORE 23 25 NOVEMBER, 2011 SANDS EXPO CONVENTION CENTER, MARINA BAY, SINGAPORE Of
      139 words
Page thumbnail Page 33
  • Page 33 Advertisements
    • Advertisement
      Lock icon Page 33 Advertisements Column 1
      8 33 Pennystocks surge amid market volatility 股仙 Tosubscribe,call6388-3838orgotosphsubscription.com.sg
      8 words
    • Advertisement
      Lock icon Page 33 Advertisements Column 2
      261 33 <1 V I a FX Traders You'll be in good company \c \E, \E, \E, \t, \t, 7i Best Speed of Execution Best Research and Analytics Best Effective Risk Management and Execution Strategies Best Integrated Workflow and Compliance Solutions Best Improved Overall Market Share by Volume ($5bn $10bn) Best Improved
      261 words
Page thumbnail Page 34
  • Page 34 Advertisements
    • Advertisement
      Lock icon Page 34 Advertisements Column 1
      67 34 PAN E R A I .COM m mm IS/I M U INI V I O am O *R1 V 0 I Mi Mil m J*i ■II Mil I'H'I m k 1 ■'A A VI FI r« I II IS S LU? r-rf «k Ns rftVr vi K* II 1 fin
      67 words