The Business Times, 29 November 2011
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2011-11-29
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The Business Times
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Title Section23 2011-11-29 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Tuesday, November 29,23 words
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672 2011-11-29 1 JOYCE HOOI - It wins broadcast rights; mio viewers will not be denied By JOYCE HOOI [SINGAPORE] StarHub has clinched the exclusive broadcast rights for the Uefa Euro 2012 football tournament, in what will almost certainly trigger Singapore’s cross-carriage law for the first time since it672 words
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Article, Illustration749 2011-11-29 1 VIRGINIE MANGIN - Many are braced for a sharp correction next year but hope that a crash will be averted By VIRGINIE MANGIN in Beijing CHINA’S real-estate market is starting to hurt. In October the number of cities posting a drop in prices doubled fromREUTERS - 749 words
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Article140 2011-11-29 1 GST INDEX 2,694.43 (+50.50) GST INDEX FUTURES 2,694 (+50) GSIMSCI 306.17 (+6.54) GSIMSCI FUTURES 306.20 (+7.50) FOREX US$ S$ US$ (S$ per US$) 1.305 (US$/S$ per 1.546 2.018 EURO (US$/S$/E) 1.330 1.735 Foreign currency per US$ S$ YEN 77.70 59.50 RM 3.196 2.449 HK$ 7.794 5.972 BAHT 31.31140 words
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Page 1 Advertisements
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Advertisement39 2011-11-29 1 SME Inc Training the bottom line and more PAGE 12 BUSINESS CHINA AWARDS Award winners I PAGE 18 Importance of being bilingual and bicultural I PAGE 4 Building lasting relationships I PAGE 17 Grooming future leaders I PAGE 2039 words
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Advertisement58 2011-11-29 1 COMPANIES Great Eastern to join China insurer’s IPO PAGE 5 VvvVv *0 <o X *>+ 4 to o Q <0 *> <S>' 5 o: C T> > ®S -.i v k o-+- m >/» v «s r 05 -J--W •> •k. r Depuis 1775 www.breguet.com BREGUET BOUTIQUE B1-119 THE SHOPPES58 words
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Advertisement9 2011-11-29 1 COMMENTARY Lessons for Europe from Korean crisis PAGE 269 words
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Advertisement7 2011-11-29 1 ECONOMY Bleak global outlook: OECD PAGE 247 words
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TOP STORIES
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THREE-MINUTE DIGEST
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66 2011-11-29 2 CHINA’S real estate market is starting to hurt. In October the number of cities posting a drop in prices doubled from September. Property sales dropped 24 per cent month-on-month and 14 per cent from a year earlier. Developers struggling for cash have66 words
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67 2011-11-29 2 STARHUB has clinched the exclusive broadcast rights for the Uefa Euro 2012 football tournament, in what will almost certainly trigger Singapore’s cross-carriage law for the first time since it took effect in August. SingTel’s mio TV subscribers will be able to watch the67 words
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72 2011-11-29 2 THE volatile global environment means asset price inflation is still a risk, so ensuring stable prices will remain a core challenge for the Monetary Authority of Singapore. And this “critical period for the global economy and financial system” has other “deep implications”72 words
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49 2011-11-29 2 THE monthly Singapore Residential Price Index showed that prices of non-landed private homes climbed 0.9 per cent in October 2011 reversing a three-month trend of zero or negative growth. The index is now at a fresh high. TOP STORIES, PAGE 449 words
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58 2011-11-29 2 OVERSOLD European bonds and equities jumped on hopes that leaders would begin negotiations to boost the European Financial Stability Facility. The markets ignored warnings of the Organisation for Economic Co-operation and Development that Europe had already entered recession and potential further58 words
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64 2011-11-29 2 SINGAPORE’S Great Eastern Holdings along with three other investors have signed up for US$780 million worth of shares in the initial public offering of one of China’s largest life insurers, New China Life Insurance Company. In an announcement yesterday, Great Eastern said64 words
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40 2011-11-29 2 IN a move to grow its exploration and production concession beyond India, Catalist-listed Loyz Energy Ltd has unveiled plans to acquire stakes in two petroleum exploration permits in Australasia. COMPANY NEWS, PAGE 740 words
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54 2011-11-29 2 THE Organisation for Economic Cooperation and Development yesterday issued a bleak forecast for the global economy in the coming two years, warning that even a “muddling through” scenario where sovereign defaults, systemic bank failures and other threats are avoided may prove to be over54 words
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76 2011-11-29 2 AMERICANS bought slightly more new homes in October, a hopeful sign for the troubled housing market. But the median sales price fell to its lowest level of the year, and the overall sales pace is trailing last year’s the76 words
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Article, Illustration882 2011-11-29 2 TEH SHI NING - Reshaping of global economic landscape will test central bank’s role: PM Lee By TEH SHI NING [SINGAPORE] The volatile global environment means asset price inflation is still a risk, so ensuring stable prices will remain a core challenge for the Monetary AuthorityDESMOND LIM/THE STRAITS TIMES - 882 words
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442 2011-11-29 4 UMA SHANKARI - Rise comes after three months of zero or negative growth, SRPI shows By UMA SHANKARI [SINGAPORE] The monthly Singapore Residential Price Index (SRPI) showed that prices of non-landed private homes climbed 0.9 per cent in October 2011 reversing a three-month trend of442 words
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Article, Illustration625 2011-11-29 4 LYNETTE KHOO - Zaobao journalist and local university also honoured By LYNETTE KHOO [SINGAPORE] A successful shipping magnate, a well-respected Beijingbased journalist and a local university are recipients of this year’s Business China Awards for their contributions in boosting Singa-pore-China bilateral ties. Teo Woon Tiong, 93, theLIANHE ZAOBAO - 625 words
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Article, Illustration307 2011-11-29 4 LYNN KAN - By LYNN KAN [SINGAPORE] FORMER transport minister Raymond Lim joins the new South-east Asian arm of conglomerate Swire Group, which has significant interests in Hong Kong listed Swire Pacific. Mr Lim, 52, will act as senior adviser at John Swire Sons (S E307 words
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Article, Illustration563 2011-11-29 4 LEE U-WEN - By LEE U-WEN [SINGAPORE] Former prime minister Lee Kuan Yew has proposed the setting up of a new national bilingualism fund that he hopes will reach over $100 million over time. The 88-year-old said that such a fund would spearhead initiatives to teachLIANHE ZAOBAO - 563 words
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706 2011-11-29 4 NEIL BEHRMANN - By in London NEIL BEHRMANN OVERSOLD European bonds and equities jumped on hopes that leaders would begin negotiations to boost the European Financial Stability Facility (EFSF) bailout fund. The markets ignored warnings of the Organisation for Economic Co-opera-tion and Development (OECD)706 words
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Advertisement146 2011-11-29 2 s ss N N B V L G A R A r Gerald Genta J? Oi B V LO A R I 'A Ya ss o. V L O A Ft \V r. V Gerald Genta i i, J w 4 i iw) u}\W W OCTO BI-RETRO MECHANICAL MOVEMENT WITH146 words
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Advertisement67 2011-11-29 3 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 fin67 words
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COMPANY NEWS
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Article, Illustration462 2011-11-29 5 [SINGAPORE] Singapore supermarket retailer Sheng Siong Group Ltd is in talks with a potential partner to help it expand into neighbouring Malaysia, its chief executive officer said. Sheng Siong, which owns 25 stores in Singapore, aims to own at least 50FILE PHOTO - 462 words
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519 2011-11-29 5 CONRAD TAN - By CONRAD TAN MIYOSHI Precision’s whis-tle-blowing policy didn’t stop a director from making unauthorised payments to himself although various staff could have raised the alarm, an investigation into missing funds at the company has found. A summary report by PricewaterhouseCoopers (PwC) released by Miyoshi’s519 words
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406 2011-11-29 5 Largest corporate yuan-denomiated bond in HK Bloomberg [HONG KONG] Baosteel Group Corp cut its borrowing costs by almost 1.5 percentage points compared with yields in Shanghai through the sale of the largest corporate yuan-denomi-nated bond in Hong Kong. China’s second-biggest steelmaker raised 3.6Bloomberg - 406 words
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COMPANY BRIEFS
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75 2011-11-29 5 PAN Hong Property Group announced that its subsidiary, Huzhou Jiangnan Hailian Construction Co Ltd, has signed a letter of intent to sell six parcels of land in Zhejiang province, China to the Huzhou Economic Technological Development Area Management Committee. The75 words
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46 2011-11-29 5 TIONG Seng Holdings yesterday announced that a wholly owned subsidiary has been awarded a contract to construct a condominium in Bedok. Tiong Seng Contractors Pte Ltd was awarded the $189.5 million contract by United Venture Development (Bedok) Pte Ltd.46 words
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68 2011-11-29 5 INTRACO says it has injected an additional $8.58 million into its wholly owned subsidiary, Intrawave Pte Ltd, giving the latter an issued and paid-up capital of S$13.58 million now. The company also announced it had filed a writ of summons against two directors of68 words
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74 2011-11-29 5 CHINA Energy announced that its wholly owned subsidiary, Jiutai Energy (Zhangjiagang) Co Ltd, has reduced its registered capital to US$48.72 million from US$108.72 million. The US$60 million unpaid registered capital was meant for injection by the group to finance the DME Phase II74 words
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Article75 2011-11-29 5 PNE Industries posted a 72 per cent decline year on year in net profit for the financial year ended Sept 30, 2011. Dragged down by declining sales and a weaker US dollar, net profit dropped to $2.42 million from $8.71 million a year ago.75 words
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56 2011-11-29 5 MENCAST Holdings has entered into an assets transfer agreement for the proposed acquisition of fabrication plant and machinery owned by Team Precision Engineering (TPE) and Team International Development (TID). For an aggregate consideration of S$4.5 million, Mencast will own the entire business56 words
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502 2011-11-29 5 EMILYN YAP - It has committed to buy US$380m of shares in New China Life Insurance By EMILYN YAP SINGAPORE’S Great Eastern Holdings along with three other investors have signed up for US$780 million worth of shares in the initial public offering of one of China’s502 words
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444 2011-11-29 6 KENNETH LIM - One key potential area of growth is in the offshore yuan market By KENNETH LIM CLEARSTREAM International wants to raise its share of revenue from Asia to 30 per cent by 2016, executive board member Philippe Metoudi said yes- terday. To444 words
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335 2011-11-29 6 MICHELLE TAN - By MICHELLE TAN SABANA Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) is set to acquire a three-storey industrial property located at Woodlands for a purchase consideration of $14.8 million, to be funded by debt. Easily accessible by Bukit Timah Expressway335 words
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257 2011-11-29 6 MINDY TAN - By MINDY TAN UNITHOLDERS of Mapletree Commercial Trust (MCT) will be able to use back-end tax refund procedures to claim over-deducted tax on income distributions. This follows an arrangement established with the Inland Revenue Authority of Singapore (IRAS), MCT’s manager Mapletree Commercial Trust257 words
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316 2011-11-29 7 MINDY TAN - By MINDY TAN SCINTRONIX Corporation is undertaking a renounceable non-underwritten one-for-one rights issue, to raise net proceeds of $8.6 million. The manufacturer of precision plastic components will issue 356,672,168 new shares at 2.5 cents apiece. From the estimated net proceeds of $8.6 million (after316 words
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356 2011-11-29 7 LYNN KAN - This is after deduction of Q3 distribution By LYNN KAN THE net exit offer price for Pacific Shipping Trust’s (PST) delisting will be 42.27 US cents per unit, after deducting the third-quarter distribution of 0.73 US cent from the356 words
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358 2011-11-29 7 YEO AIQI - Initial 20% interest in Trident permit to rise to 70% after seismic survey By YEO AIQI IN a move to grow its exploration and production (E&P) concession portfolio beyond India, Loyz Energy Ltd has unveiled plans to acquire stakes in two petroleum358 words
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Advertisement172 2011-11-29 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 of172 words
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Advertisement161 2011-11-29 6 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
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Advertisement75 2011-11-29 7 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 STRESSED? SLEEP ON WATER! Natural refreshing sleep comes easier on75 words
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Advertisement173 2011-11-29 7 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 never173 words
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SINGAPORE MARKETS
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Article, Illustration591 2011-11-29 8 R SIVANITHY - ST Index jumps 50 points or 1.9 per cent with the help of short-covering STOCKS R SIVANITHY Senior Correspondent TALK of yet another bailout this time for Italy brought some relief to battered local equities yesterday. Aided no doubt by generous amounts ofSource: Bloomberg - 591 words
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Article66 2011-11-29 8 Nov 28 VALUE CLOSE BT OB/OS -828.00 -42.00 BT CADI -*****.00 +81.00 BT 10-day MA -*****.00 -83.00 FTSE ST Mid Cap 597.06 +4.75 FTSE ST Small Cap 406.64 +2.32 FTSE ST All Share 646.75 +10.52 FTSE ST China Top 187.49 +2.01 FTSE ST China 221.47 +1.35 FTSE66 words
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Article57 2011-11-29 8 VOLUME Golden Agri 93,913,000 Noble Grp 81,400,000 NexGenSCom 41,996,000 Digiland 41,824,000 Genting SP 39,230,000 Memstar 27,948,000 MDR 27,457,000 SingTel 20,320,000 Yangzijiang 16,127,000 HPH Trust US$ 15,743,000 VALUE($) Noble Grp 89,087,750 Golden Agri 64,533,610 SingTel 62,828,674 Genting SP 58,579,030 UOB 52,340,647 DBS Grp 37,389,780 OCBC Bk 32,075,826 Olam57 words
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Article186 2011-11-29 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 3 4 0 0 0 7 3 4 Manufacturing 48 37 34 3 2 2 51 39 36 Commerce 21 10 18 1 3 5 22 13 23 Tpt/Stor/Comms 23 5 12186 words
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BROKERS’ TAKE
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Article310 2011-11-29 8 Nov 28 close: $1.495 CIMB Research, Nov 28 RECENT regulatory measures mark another speed bump for the Singapore gaming industry. But we continue to like Genting Singapore for its long-term prospects. We retain our “outperform” and sum-of-the-parts-based TP of $1.90. Last Friday, the scope of the Casino Control310 words
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Article, Illustration434 2011-11-29 8 LYNN KAN - Compiled by LYNN KAN Nov 28 close: $0.33 OCBC Investment Research, Nov 28 MARCO Polo Marine reported a 38 per cent y-o-y rise in revenue to $20.3 million and a 27 per cent increase in net profit to $3.5 million in Q4 FY11, bringing full-year revenue toSource: Bloomberg - 434 words
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Article135 2011-11-29 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,135 words
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Article119 2011-11-29 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,552 17,552 42,989 42,989 Manufacturing 124,501 6,856 131,357 107,921 62 107,984 Commerce 196,466 1,705 198,171 157,794 131 157,925 Tpt/Stor/Comms 73,539 13,505 87,044 117,172 1,521 118,693 Finance 15,263 15,263 137,146 137,146 Construction 41,003 9,071 50,074 9,672119 words
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Article114 2011-11-29 8 Stock name Close Change CapMallsAsia 1.275 +0.010 CapitaLand 2.530 +0.100 CapitaMall 1.770 +0.015 CityDev 9.650 +0.530 ComfortDelGro 1.385 -0.010 DBS Grp 12.140 +0.210 F&N 6.180 +0.030 GLP 1.790 +0.045 Genting SP 1.495 +0.030 Golden Agri 0.695 +0.025 HK Land 4.500 -0.050 JMH 49.570 +0.610 JSH 29.090114 words
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Article, Illustration439 2011-11-29 8 CURRENCIES Reuters [LONDON] The euro rebounded from a seven-week low yesterday on hopes of progress on its sovereign debt crisis ahead of a European Union summit next week, although investors remained sceptical that decisive action to resolve the turmoil will be swift in coming. Later-deniedReuters; REUTERS - 439 words
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Article116 2011-11-29 8 BY CENTS CLOSE UP GLD 10US$ ***** 531.0 2.5 DBXT MSKorea 10US$ 5069 214.0 3.3 DBXT Nifty 10US$ 9265 170.9 1.4 DBS Bk 4.7% NCPS 100 ***** 160.0 1.5 DBXT E50 10US$ 3225 137.0 3.4 DBXT MSEurope 10US$ 3767 112.2 2.3 Jardine C&C 4592 92.0 2.0 DBXT MSUSA 10US$116 words
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Article124 2011-11-29 8 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 4450-140.9 -2.4 Lyxor EmergingMkts 1 904-130.5 -10.0 DBXT iBoxxUSTr 5US$ ***** -70.5 -0.3 Asia Pac Brew 2530 -20.0 -0.8 SembMar.ES.1111 377 -13.0 -3.3 Hotel Prop 182 -10.0 -5.2 DBS BP ePW*****2 44 -7.5 -14.6 DairyFarm 837 -6.5 -0.6 HK Land 450124 words
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SUSTAINABLE BUSINESS VALUES
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Article, Illustration939 2011-11-29 9 MINDY TAN - Careful choice of retrofitting can bring substantial payoffs, reports MINDY TAN MINDY TAN RETROFITTING commercial buildings can lead to an increase in their value. Companies can not only expect average savings in operating expenses of 10 per cent, but commercial buildings can also potentially seeARTHUR LEE - 939 words
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Advertisement371 2011-11-29 9 SPECIAL FEATURE BROUGHT TO YOU BY n is y L An extremely strong element forms the core of all our buildings. Our belief in sustainability. www.cdl.com.sg At the heart of every CDL building is a belief that cares for the one home we all share planet earth. Globally, the building371 words
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SINGAPORE NEWS
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Article, Illustration264 2011-11-29 10 DOLLY CHIA - By DOLLY CHIA SEVERAL cheerful chief executives were treated to good food and wine last Friday at The Business Times’ CEO Night at LP+ Tetsu Laurent Peugeot’s first restaurant outside France. Just two days after its launch, the restaurant opted to be theYEN MENG JIIN - 264 words
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392 2011-11-29 10 JOYCE HOOI - Circle Line stations Bayfront and Marina Bay slated to open on Jan 14 By JOYCE HOOI SOME $10.8 billion of the $12 billion allocated for the Downtown Line has been awarded by way of civil construction contracts, the Land Transport392 words
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467 2011-11-29 10 MALMINDERJIT SINGH - By MALMINDERJIT SINGH THE increasingly challenging global economic climate has had one positive impact on the business community in Singapore the greater collaboration between them. Leading the way in these efforts are the Singapore Chinese Chamber of Commerce Industry (SCCCI), the Singapore Indian467 words
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351 2011-11-29 10 DOLLY CHIA - By DOLLY CHIA ALMOST half of all businesses globally will not be able to retrieve their data after the occurrence of a disaster. A survey has shown that 40 per cent of Singapore respondents do not have an information technology (IT)351 words
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SINGAPORE ROUNDUP
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70 2011-11-29 10 JTC Corporation has awarded the tender for an industrial site at Lavender Street/Kallang Avenue to the highest tenderer, PLC 8 Development Pte Ltd at the tendered sum of $218.3 million. The 60-year-leasehold land parcel, which has an area of 28,348 square metres, has70 words
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58 2011-11-29 10 LEND Lease has appointed Peter Wilding, 45, as managing director of its Asian project management and construction business unit with immediate effect. Mr Wilding will be based in Lend Lease’s regional headquarters in Singapore, from where he will direct the strategy, growth, operations58 words
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91 2011-11-29 10 LEE Kuan Yew School of Public Policy (LKY School) dean Kishore Mahbubani has been named one of the “Top 100 Global Thinkers in 2011” by Foreign Policy magazine. Prof Mahbubani was named along with other prominent global thinkers such as Yemen’s new Nobel Peace Prize91 words
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323 2011-11-29 10 TEH SHI NING - By TEH SHI NING CHANGI Airport Group, no stranger to accolades, added the inaugural Singapore Service Medallion to its trophy cabinet last night. The manager and operator of Singapore’s Changi Airport beat other public and private sector organisations to clinch the Medallion for organisations.323 words
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Advertisement96 2011-11-29 10 r vc>r. lie' J ,»V' ■V t "k V/ f k« ,.,:u rr 'A r r it -4 ■C si-: J.."::"-': rr. 18'' ANY ACCOUNTANT CAN CLAIM TO UNDERSTAND YOUR BOOKS BUT DO THEY UNDERSTAND YOUR BUSINESS? ■> m V* s £>> 52 3-Sli OTS u S&P"! r V V.-Vifv96 words
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Advertisement102 2011-11-29 11 K PHILIPPE GENEVE o ir own tradiiionj i# ■ib,.k 6 I J V l' I Mts I j r r I r SI i j dm W\ i m m W£ WUm V i i S mm, J V A||L \»> V •t frat o (VA «l aa .V' V\«102 words
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SME Inc
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Article, Illustration1855 2011-11-29 12 MINDY TAN - Training the bottom line and more Investing in employee training can reap dividends not only for companies but for all stakeholders in the long term, reports MINDY TAN MINDY TAN EVEN as they keep an eye on the bottom line, Singapore’s small-and medium-sized enterprises (SMEs) are now increasingly aware ofARTHUR LEE - 1,855 words
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Article, Illustration929 2011-11-29 13 THOMAS MENKHOFF - Strategic talent retention remains an elusive concept due to erroneous beliefs that such schemes are expensive COMMENTARY By THOMAS MENKHOFF The writer is an associate professor of organisational behaviour human resources (practice) at the Singapore Management University MORE and more companies are proactively embracing strategicFILE PHOTO - 929 words
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330 2011-11-29 13 ASK NUS PROFS Q: With the Re-employment Act taking effect from Jan 1, 2012, that enables workers to work beyond their retirement age, what steps does my company need to take to make it easy for everyone to adapt to the new regulation? What330 words
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Article, Illustration1321 2011-11-29 14 KELLY TAY - HistoIndex’s revolutionary laser-based imaging solution for diagnosing liver fibrosis is making waves in the industry, reports KELLY TAY KELLY TAY A SINGAPORE-BASED medical diagnostics company is saving lives by taking the guesswork out of detecting liver disease. Led by a team of medical researchers, HistoIndex Pte LtdYEN MENG JIIN - 1,321 words
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Article, Illustration1065 2011-11-29 14 KAREN NG - By KAREN NG AS most of our leisure activities such as chatting, shopping, and watching television move online, it was only a matter of time before the inherent business opportunities in these trends were identified. And in 2009, that niche was filled by RefineryARTHUR LEE - 1,065 words
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Advertisement623 2011-11-29 12 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices UNIFIED COMMUNICATIONS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****1129W) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of the Members of Unified Communications Holdings Limited (the “Company”) will be623 words
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Advertisement567 2011-11-29 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 HARRISONBURG PTE. LTD. (REG. No. *****0831H) (Incorporated in Singapore) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1 HarbourFront Avenue #18-01 Keppel Bay Tower S(*****2) on the 24 NOV 2011 the Resolutions set out below567 words
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Advertisement281 2011-11-29 12 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up OS No. 1/2011/S In the Matter of The Companies Act (Cap. 50) And In the Matter of PIONEER SMITH (S) PTE LTD (RC No. *****7132E) Between RICO (PTE) LTD (RC No. **********C) Plaintiff And PIONEER SMITH (S) PTE281 words
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Advertisement253 2011-11-29 13 Canon Delighting You Always Canon empowers success. To succeed, you should always be one step ahead. -Willin Low, Restaurateur/Chef Wild Rocket, Wild Oats, Relish, Burger Bench Bar A maverick chef and entrepreneur, Willin Low has been elevating modern Singaporean cuisine for years. At the helm of a steadfast culinary empire253 words
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Advertisement145 2011-11-29 14 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 investing145 words
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Advertisement66 2011-11-29 14 Sets appeal Mentawais' seismic surl Rainbow walls 4 Jubbatdtha reef highlights Nepal's sunim it-to-sea adventurer Race review from Wulong T TOPPING OUT EMITTING IVEREST >M TIBET Asia's best outdoors magazine Now with a great new look! Get the latest copy today! Ask your local bookshop or make sure of your66 words
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ECONOMY WATCH
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Article, Illustration384 2011-11-29 15 Bloomberg [NAGOYA] Bank of Japan governor Masaaki Shirakawa has signalled the central bank’s preparedness to bolster stimulus should Europe’s deepening sovereign-debt crisis pose a larger risk to Japan’s economy and financial markets. “In the current time of high uncertainty regarding the future prospects ofBloomberg; BLOOMBERG - 384 words
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460 2011-11-29 15 Index falls 35.8% from a year earlier following floods Bloomberg Reuters [BANGKOK] Thailand’s industrial output slumped by the most in more than a decade in October as the nation’s worst flooding in almost 70 years shut thousands of factories and halted manufacturing. The industrial productionBloomberg; Reuters - 460 words
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658 2011-11-29 15 Interest rates see broadest reductions since ’09 as fears of EU contagion grow Bloomberg [WASHINGTON] Central banks across five continents are undertaking the broadest reduction in borrowing costs since 2009 to avert a global economic slump stemming from Europe’s sovereign-debt turmoil.Bloomberg - 658 words
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Advertisement100 2011-11-29 15 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 to100 words
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MALAYSIA/INDONESIA
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Article, Illustration205 2011-11-29 16 Bloomberg [JAKARTA] Indonesia may need to tighten monetary policy in 2012 as higher fuel prices boost inflationary pressure and domestic demand helps South-east Asia’s largest economy weather a slowdown in global trade, the Organisation for Economic Cooperation Development (OECD) said. Consumer prices willBloomberg; AFP - 205 words
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430 2011-11-29 16 In push for higher returns, it could put RM55b in global markets over next few years, says BofA exec [KUALA LUMPUR] The Employees Provident Fund (EPF), ranked among the biggest pension funds in the world, aims to invest a fifth of its assets430 words
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312 2011-11-29 16 In June, firm’s JV won RM674m deal for M’sian LRT line [KUALA LUMPUR] French group Colas Rail, the recent winner for part of a light rail extension work, plans to bid for the high-speed rail project linking Kuala Lumpur and Singapore. “We constructed almost312 words
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Advertisement185 2011-11-29 16 The business visionaries with the foresight to unearth opportunities deserve to be honoured at Singapore Business Awards 2012. If you know of successful leaders and companies that have shown extraordinary performances, now is the time to nominate them. Businessman Of The Year Award For the most deserving individual who has185 words
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Advertisement73 2011-11-29 16 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! I'll >11 RIOTOUS SEX EVERY NIGHT! Rene EXTRA WITH THIS ISSUE! •MEN'S HEALTH73 words
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BUSINESS CHINA AWARDS
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Article, Illustration796 2011-11-29 17 LYNETTE KHOO - The Business China Awards affirm the contributions of individuals and enterprises who have played key roles in deepening Singapore-China ties, reports LYNETTE KHOO LYNETTE KHOO “SINGAPORE has gained much from our strategic position as an entrepot straddling the East and the West. “Fast forward to this millennium,796 words
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Article, Illustration724 2011-11-29 17 BT ADVERTORIAL WITH strong support from both the Chinese and Singapore governments, Nanyang Technological University (NTU) has been offering tailormade programmes to China’s public servants since 1992. Its Mayors’ Class was started in 1998 after a short-term training for a group of 12 senior officialsYEN MENG JIIN - 724 words
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Article, Illustration906 2011-11-29 18 LYNETTE KHOO - LYNETTE KHOO traces the long career of PIL executive chairman Teo Woon Tiong and his numerous contributions to bilateral ties between Singapore and China LYNETTE KHOO THE executive chairman of Pacific International Lines (PIL) Teo Woon Tiong, or YC Chang as he is widely906 words
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Article, Illustration645 2011-11-29 18 LYNETTE KHOO - By LYNETTE KHOO LIANHE Zaobao Beijing chief correspondent Han Yong Hong went straight into the epicentre after the 2008 Sichuan earthquake struck. A hired driver, who dropped her near the restricted area in which no cars were allowed, stayed the whole night there forLIANHE ZAOBAO - 645 words
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Article, Illustration742 2011-11-29 18 LYNETTE KHOO - To meet funding needs of these firms, OCBC hopes to introduce Sing dollar bonds to its clients By LYNETTE KHOO THERE is no let-up of interest among Chinese companies wanting to expand overseas, despite global uncertainties. And to meet their funding requirements, OCBC742 words
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Article, Illustration804 2011-11-29 20 LYNETTE KHOO - NTU’s two Masters programmes have trained many top students who are often earmarked as mayors in China, reports LYNETTE KHOO LYNETTE KHOO IT all started as a request from Hebei province in 1998 to Nanyang Technological University (NTU) to train a group of 12 senior officials. ButYEN MENG JIIN - 804 words
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887 2011-11-29 20 CHARLES CHAW - By CHARLES CHAW The writer is group managing director of China Knowledge WARREN Buffett has appeared in a series of print advertisements for the US National Business Aviation Association’s (NBAA) “No Plane No Gain” campaign, posing the question: “Do you really know what’s887 words
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Page 19 Advertisements
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Advertisement258 2011-11-29 19 Congratulationsto All Our Recipients The Business China Awards aim to honour outstanding businessmen, entrepreneurs, professionals and organisations for their successes and contributions to Singapore-China relations as well as strengthening of bilingualism and biculturalism in Singapore. BUSINESS CHINA EXCELLENCE AWARD BUSINESS CHINA YOUNG ACHIEVER AWARD TEO WOON TIONG (Y.C. CHANG) HAN258 words
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Page 20 Advertisements
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Advertisement131 2011-11-29 20 BusinessChinaAwards 2011 Our Heartiest Congratulations to Mr. Teo Woon Tiong (Y.C. Chang) Executive Chairman of Pacific International Lines Pte Ltd, Singapore Singamas Container Holdings Ltd, Hong Kong on receiving the Business China Excellence Award II c L p 11 •'A5SM < ■i.X jV Li Vtli a o JSl-* i;jiijjfe r"131 words
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Page 21 Advertisements
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Advertisement145 2011-11-29 21 A business should look beyond its initial success... so as to become an all-rounded winner with sustainable growth. At OCBC, we support our growing ties with China and the businesses that champion them As joint presenter for the Business China Awards for the second year running, OCBC proudly congratulates our145 words
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GREATER CHINA/INDIA
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583 2011-11-29 22 Wealth fund ready to invest in West’s infrastructure to help spur growth Bloomberg AP [BEIJING] Chinese Commerce Minister Chen Deming said Europe has yet to take any significant step in tackling the region’s debt crisis and signalled that his nation needsBloomberg; AP - 583 words
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Article, Illustration431 2011-11-29 22 Reuters [NEW DELHI] The Indian government gave its first signs of backtracking over a move to allow foreign supermarket giants to enter Asia’s third-largest economy as political opposition grew over one of the most far-reaching economic reforms in years. Powerful chiefReuters; BLOOMBERG - 431 words
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350 2011-11-29 22 AFP [HONG KONG] Hong Kong-based Chow Tai Fook Jewellery Co told investors yesterday that it is seeking to raise up to US$2.8 billion in an initial public offering that would create a new publicly listed giant in luxury goods.AFP - 350 words
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Page 22 Advertisements
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Advertisement63 2011-11-29 22 "The pen is mighty in bridging countries and cultures" rw f f J." Ci. V:?SL4tl -A "V SPH is proud to announce that Lianhe Zaobao Beijing Chief Correspondent Han Yong Hong has clinched the Business China Young Achiever Award 2011 for her exemplary contributions in promoting Singapore-China bilateral ties through63 words
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Page 23 Advertisements
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Advertisement138 2011-11-29 23 Su/& w 1961-2011 Ml y Side by Side Get instant cash* with RHB Preferred Credit. CW '■r*u r M -6 ■fx i V* 1 £3* c? W5 i \w f 1, jtK 4 2v. ev >\ A »W I N M 1 4# ■a rjy? 1~ Si "?3 V r»138 words
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WORLD
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Article, Illustration884 2011-11-29 24 ANTHONY ROWLEY - It prepares response plan to deal with any fallout from eurozone, US crises By ANTHONY ROWLEY THE Organisation for Economic Cooperation and Development (OECD) yesterday issued a bleak forecast for the global economy in the coming two years, warning that even a “muddling through”AFP - 884 words
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Article, Illustration576 2011-11-29 24 Reuters [BRUSSELS] Germany and France stepped up a drive yesterday for intrusive powers to reject national budgets in the eurozone that breach European Union (EU) rules, as a market rout of European debt eased temporarily on hopes of outside help forReuters; REUTERS - 576 words
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367 2011-11-29 24 LATEST US DATA AP [WASHINGTON] Americans bought slightly more new homes in October, a hopeful sign for the troubled housing market. But the median sales price fell to its lowest level of the year, and the overall sales pace isAP - 367 words
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455 2011-11-29 24 Bloomberg [ATHENS] Greek banks, which were predicted to start reporting third-quar-ter losses yesterday, may also disclose bond writedowns as they tussle with the government over terms of a debt swap related to the nation’s bailout package. Alpha Bank SA, Greece’s third-biggest lender, mayBloomberg - 455 words
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617 2011-11-29 24 Europe’s debt crisis worsening a decline in profitability Bloomberg [MILAN] Securities firms are being forced to scale back and even close divisions that trade equities in Europe as the region’s debt crisis worsens a decline in profitability. UniCredit SpA, Italy’s largest bank,Bloomberg - 617 words
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677 2011-11-29 25 Central bank to start another stimulus programme next quarter, they say Bloomberg [NEW YORK] The biggest bond dealers in the United States say the Federal Reserve is poised to start a new round of stimulus, injecting more money into the economy by purchasingBloomberg - 677 words
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361 2011-11-29 25 Bloomberg [LONDON] Bankers in London’s financial districts expect bonuses to shrink by about a fifth from last year as the sovereign debt crisis crimps revenue. The average worker in the UK capital’s Square Mile and Canary Wharf expects to receive aBloomberg - 361 words
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Article, Illustration487 2011-11-29 25 Bloomberg [WELLINGTON] New Zealand Prime Minister John Key began forming a government after his National party gained its best election result in 60 years, securing support from two smaller parties to ensure a majority in parliament. Mr Key met senior ministers on Sunday and hadBloomberg - 487 words
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522 2011-11-29 25 Bloomberg [NEW YORK] Cleary, Gottlieb, Steen Hamilton LLP, Samsung Life Insurance Co’s adviser on South Korea’s biggest initial public offering, plans an office in Seoul now that a free trade deal is allowing foreign law firms in. Yong Guk Lee,Bloomberg - 522 words
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Article, Illustration440 2011-11-29 25 Bloomberg [SYDNEY] Rio Tinto Group, the world’s second largest mining company, expects to increase capital spending by 17 per cent next year and raised its iron ore expansion target to meet demand from China. The company plans at least US$14 billion onBloomberg; BLOOMBERG - 440 words
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Page 24 Advertisements
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Advertisement20 2011-11-29 24 Gome home in this Baliriesei bunqalo.WiSituated initlTe serene*exdusiyityj ofiti^Sw^ttenmfmxfmundsT Holland Park ***** 8000 ask $2OM iBinJaiEstatel C $2 6.RM| *&ZUto&@^OesgSBG&G&jQ20 words
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Advertisement10 2011-11-29 24 Editorial: OECD issues a wake-up call to policymakers, Page 2610 words
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Page 25 Advertisements
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Advertisement183 2011-11-29 25 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF (1)DUNEARN PTE. LTD. Co. Reg. No. *****2642W (2)DRAYCOTT PTE. LTD. Co. Reg. No. *****2647M (IN MEMBERS’ VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act,183 words
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Advertisement185 2011-11-29 25 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AFH SHIPPING PTE. LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) (COMPANY NO: *****5441D) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that the FINAL MEETING of the members and of185 words
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Advertisement30 2011-11-29 25 Over 1 20,000 downloads! I91.3FMI linriHimnl SB® L S>l»w«/"TWs... I913FMI V Get your free iPhone/iPad app now! *asof 17th Oct 2011 91.3FM TGDJY'S BEST MUSIC Available on the App Store30 words
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EDITORIAL & OPINION
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498 2011-11-29 26 EDITORIAL THE Organisation for Economic Co-operation and Development (OECD) pulls no punches about the state of the global economy in its latest Economic Outlook published yesterday and, while some might consider this alarmist, it seems fair to describe the OECD’s dire warnings as498 words
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Article, Illustration824 2011-11-29 26 YOGI AGGARWAL - THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT THE troubles in the Indian airline industry were inevitable. Most of the airlines were over-leveraged, taking on a debt they were incapable of servicing. Intense competition had forced824 words
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Article, Illustration907 2011-11-29 26 SIMON JOHNSON - The key to South Korea’s turnaround in 1997 was a large depreciation of its currency By SIMON JOHNSON The writer, a former chief economist of the IMF, is co-founder of a leading economics blog, http://BaselineScenario.com, a professor at MIT Sloan, a senior fellow atProject Syndicate; AP - 907 words
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Article, Illustration1029 2011-11-29 27 TOM JENKINS - If that investment is not made now, the country’s productivity may subsequently be compromised By TOM JENKINS The writer is executive chairman and chief strategy officer of OpenText a firm which manages large volumes of data for business organisations FOSTERING innovation is theFILE PHOTO - 1,029 words
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LETTERS TO THE EDITOR
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553 2011-11-29 27 Mak Yuen Teen - Mak Yuen Teen IN his letter “Directorships: look beyond the number” (BT, Nov 25), Sovann Giang, executive director of the Singapore Institute of Directors (SID), said that it is a shame that I continue to zero in on the narrow issue of number of553 words
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537 2011-11-29 27 Ang Hao Yao - Ang Hao Yao I REFER to the article “Good code, pity about the governance culture” by corporate governance guru Assoc Prof Mak Yuen Teen (BT, Nov 24) and “Directorships: look beyond the number” by Sovann Giang (BT, Nov 25). Prof Mak felt that537 words
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231 2011-11-29 27 Abhijit Ghosh - Abhijit Ghosh Leader, Pharmaceutical and Life Sciences Practice PWC Singapore I REFER to the article “Employers need to manage staff health care better” (BT, Nov 14). We agree that employers should play a bigger role in managing their staff health care as231 words
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Page 27 Advertisements
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Advertisement103 2011-11-29 27 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 libel103 words
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AVIATION
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Article, Illustration625 2011-11-29 28 It expects H1 profit to fall up to 66%; plans for premium airline up in the air AFP [SYDNEY] Qantas said yesterday the dispute that triggered a shock grounding of its fleet cost A$194 million (S$247 million) amid reports it is poised to shelve plansAFP - 625 words
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Article, Illustration529 2011-11-29 28 Bloomberg [FRANKFURT] Cargo carriers worldwide face a grim festive season as declining consumer spending in Europe eradicates the usual peak in airborne deliveries of goods ranging from mobile phones to top-end sports shoes. Freight traffic will also suffer “a softer start” to theBloomberg; LUFTHANSA - 529 words
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661 2011-11-29 28 Millions may have used the devices but no accident so far NYT [NEW YORK] Millions of Americans who got on a plane over the Thanksgiving holiday heard the admonition: “Please power down your electronic devices for take-off.” And absolutely everyoneNYT - 661 words
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426 2011-11-29 28 Bloomberg [ABU DHABI] Emirates, the world’s largest international airline, is seen as a safer investment than its owner, the government of Dubai. The extra yield investors demand to hold Dubai’s 6.7 per cent dollar bonds due October 2015 over Emirates 5.125 perBloomberg - 426 words
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Page 28 Miscellaneous
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Miscellaneous340 2011-11-29 28 CRYPTIC CROSSWORD Across 1 Flag message understood by party (5,5) 6 Enveloped in sound, engrossed (4) 10 TV and press doctor has answer for cold (5) 11 Suppression of blue joke comes first (9) 12 More than enough bread pinched by a day worker (8) 13 Change undergone by inert340 words
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Page 29 Advertisements
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Advertisement1199 2011-11-29 29 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 ANA M Muscat/Sharjah/Abu Dhabi/Doha/Dammam *Loads1,199 words
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Advertisement612 2011-11-29 29 PKL TEL: (03) *****588 FAX: (03) *****566 PEN TEL: (04) *****00 FAX: (04) *****99 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN CARMEN FF137 09/11 13/11 15/11 18/11 23/11 30/11612 words
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THE BUSINESS TIMES SHIPPING TIMES
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SHIPPING
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Article, Illustration329 2011-11-29 30 Bloomberg [TOKYO] Mitsui OSK Lines Ltd, Japan’s largest shipping line by market value, surged the most in a month in Tokyo trading on speculation container lines’ capacity cuts may revive rates. The company jumped 6.2 per cent to closeBloomberg; BLOOMBERG - 329 words
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278 2011-11-29 30 Reuters [SHANGHAI] Chinese ports are not yet ready to receive Vale’s mega iron ore carriers due to a few “small issues” in handling the world’s largest dry bulk vessels, an official with the National Development and Reform Commission (NDRC) said yesterday. Vale, theReuters - 278 words
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518 2011-11-29 30 Shipper’s CEO says it is still on the prowl for even-weaker prey Reuters [OSLO] Investors have hammered it, a big customer has stopped paying and competitors are crowding the sea lanes, but Norwegian dry-bulk shipper Golden Ocean is still on the prowl for even-weaker prey,Reuters - 518 words
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205 2011-11-29 30 Xinhua [BEIJING] The downcast sentiment in China’s shipping market will persist for a long period of time, due to growing uncertainties worldwide, a transportation official has said. Despite a brief upturn after the financial crisis in 2008, China’s shipping industry has seen sluggish performancesXinhua - 205 words
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Article278 2011-11-29 30 SGX '000 Nov 28 S$ +/-Vol CH Offshore unch unch 0 Chuan Hup Hldg 0.21 unch 46 Cosco Corp 0.86 0.03 5125 CWT Ltd 0.98 -0.02 69 Ezra Hldgs 0.83 0.02 2546 First Ship Lea 0.29 unch 533 Freight Links 0.06 unch 1942 Grand Banks unch unch 0278 words
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Page 30 Advertisements
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Advertisement278 2011-11-29 30 SHIPPING TIMES HDS LINES THE SHORTEST TRANSIT TO PERSIAN GULF CONTAINERS SERVICE TO TANZANIA, KENYA, MIDDLE EAST, IRAN, PERSIAN GULF, IRAQ, CIS, INDIA PAKISTAN HDM SPL Approx transit time ex-Singapore 8 D 9 D 14 D 8 D 10 D VESSEL VOY SIN PKG JEA BND BIK SIN PKG MUN278 words
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Advertisement160 2011-11-29 30 RICKMERS-LINIE Round-the-World Pearl String Service Regular Break-Bulk/Project/SOC Conventional Services WEBSITE: www.rickmers.linie.com Vessel Voy HOU NEW PHL ANR HAM GOA JKT ETA SIN LCH MAT HPH SGN SHA Rickmers Singapore 314 17/11 22/11 28/11 10/12 15/12 24/12 17/01 27/01 04/02 Rickmers Tokyo 315 06/12 11/12 17/11 31/12 05/01 14/01 06/02 10/02160 words
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Advertisement18 2011-11-29 30 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. THE BUSINESS TIMES SHIPPING TIMES18 words
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SINGAPORE STOCKS
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Article7868 2011-11-29 31 Transaction date: Nov 28 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 14.5 7.8 3.9 3.2 74.2 9.5 4.1 A-Sonic 4.5 4.3 6.5 2.9 1.7 32.2 657,868 words
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Article1532 2011-11-29 32 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 12.7 12.7 13.9 4.7 4.3 4.9 22.7 5.5 2.5 t AA Grp 3.3 2.6 3.1 15.7 3.2 200 981,532 words
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Article10060 2011-11-29 32 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.15/ APS Alpha Fund (USD)!** 0.88/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.57/ Aberdeen Asset Mgt Asia Limited American Opp 0.5913/ Asian Credit Fund10,060 words
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Article231 2011-11-29 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A34 34 44 3.6 10.3 2.7 88.5 49 25.5 Genting HK US$ US28.5 +0.5 3379 28.5 27.5 28 28.5 1876.6 15 10 OGL Resources231 words
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Article874 2011-11-29 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 117 116.1 117.3 534.1 1261 856 CIMBAsean40 100US$ US918 921 927 36.7 ***** ***** DBXT AUD Bonds 5AU$ A***** +39874 words
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FINANCE & COMMODITIES
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373 2011-11-29 33 In local curr In S$ In US$ dy yr dy yr dy yr Nov 25 Index Change Change Change Change Change Change World Preliminary 775.1 0.4 -13.7 0.4 -11.8 0.2 -13.9 EAFE Preliminary 639.1 0.3 -20.2 0.1 -18.4 -0.1 -20.3 Europe Preliminary 942.0 0.8 -19.4373 words
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Article77 2011-11-29 33 CRUDE OIL PRODUCTS Nov 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.47 -1.17 WTI (Near Mth) 96.77 -0.46 Dubai (1-Mth F) 104.79 -0.81 Tapis blend 113.98 -0.51 Minas 110.88 -0.01 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.06 -0.16 Jet Kerosene 125.20 -0.65 US$/barrel Opec Oil77 words
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Article107 2011-11-29 33 Nov 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1106.50 1122.50 1125.75 1102.75 Mar 12 1115.75 1131.50 1134.75 1111.75 May 12 1124.50 1140.25 1143.50 1123.75 Jul 12 1133.00 1148.25 1151.75 1129.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 11 48.23107 words
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Article75 2011-11-29 33 Nov 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 01.03.2012 0.32 1-Year BY*****W 01.11.2012 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.26 5-Year N*****0W 1.125 01.04.2016 102.38 10-Year NX*****X 2.250 01.06.202175 words
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Article460 2011-11-29 33 Nov 28 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.3800 0 3256 Mar12 99.2150 0 3391 Jun12 99.1800 0 1201 Sep12 99.1800 0 550 EUROYEN TIBOR FUTURES Dec11 99.6650 0 3632 Mar12 99.6475 99.6475 99.6475 99.6575 0 1937 Jun12 99.6600 0 1490 Sep12 99.6575 0460 words
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Article155 2011-11-29 33 Nov 28 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 11 326.0 468 Jan 12 328.5 338 Feb 12 336.4 336.4 336.3 5 208 Mar 12 339.1 337.9 339.0 4 296 Apr 12 346.1 346.1 346.1 8155 words
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Article69 2011-11-29 33 Nov 25 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1981.75 2003.00 3 months 1992.00 2019.00 Copper, Grade A (US$/tonne) Cash 7206.00 7239.75 3 months 7230.00 7265.00 Lead (US$/tonne) Cash 1982.50 1969.25 3 months 2004.00 1992.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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Article82 2011-11-29 33 Nov 25 COCOA (£/tonne) Close Prev High/Low Dec 11 1509 1518 1518/1504 Mar 12 1536 1545 1546/1530 May 12 1551 1560 1558/1545 Jul 12 1568 1576 1573/1560 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1890 1885 1894/1860 Jan 12 1891 1886 1902/1875 Mar 12 1928 1923 1937/1911 May 1282 words
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2139 2011-11-29 33 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 55 49.00 30 ASJ Hldgs W*****1 0.1 1 4 24 33.00 3 AlliedTech W*****2 1.7 1 4 24 Ascendas Reit.ES.1111 203 Aztech Grp W*****3 0.22,139 words
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Article464 2011-11-29 33 Nov 28 A$ 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 0.740 7.673 51.164 90.220 0.765 11.370 3.146 1.309 86.608 43.092 1.285 8.281 0.915 29.980 30.822 0.637 0.984 Canada 0.976 6.137464 words
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Article82 2011-11-29 33 Nov 28 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths82 words
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Article137 2011-11-29 33 Nov 28 GOLD (US$/oz) Nov 28 Nov 25 Hong Kong 1715.00 1680.00 Nov 25 Nov 24 London 1691.05 1693.35 1692.25 1694.35 Source: Thomson Reuters CAST BAR Nov 28 (S$) Selling Buying Kilobar 76,893.41 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 172 72 5gm 489 358 10gm 874137 words
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Article57 2011-11-29 33 Nov 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 11 3119 3070 3119 3066 148 3373 Jan 12 3099 3067 3113 3058 1945 ***** Feb 12 3092 3069 3114 3050 ***** ***** Mar 12 3084 306557 words
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Article24 2011-11-29 33 Nov 28 Open High Sett STI Nov 2694 SIMSCI Nov 299.0 307.0 306.2 Taiwan Nov 240.8 247.0 247.0 Source: SGX Derivatives24 words
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Article154 2011-11-29 33 Nov 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2836 1.2859 0.9839 0.9849 Canadian dollar 1.2536 1.2554 0.9609 0.9615 Euro 1.7347 1.7362 1.3297 1.3298 NZ dollar 0.9803 0.9823 0.7514 0.7524 Sterling pound 2.0168 2.0185 1.5459 1.5460154 words
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Article22 2011-11-29 33 Nov 28 S$ Bid Offer 1-month 1.3046 1.3056 2-months 1.3045 1.3055 3-months 1.3041 1.3052 6-months 1.3019 1.3032 Source: OCBC22 words
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Article121 2011-11-29 33 As at 9am Nov 28 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.312 1.25 Can dollar 1.278 1.229 Euro 1.77 1.702 Sterling pound 2.061 1.982 NZ dollar 1.006 0.959 US dollar 1.328 1.277 Local dollars to 100 units of foreign121 words
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Article154 2011-11-29 33 Nov 28 $S Offer Bid 0vernight 0.01 par 1-month 5/16 3/16 2-months 5/16 3/16 3-months 5/16 3/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.55 0.35 3 months 0.65 0.45 6 months 0.85 0.65 9 months 1.05 0.85 12154 words
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Page 33 Advertisements
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Advertisement128 2011-11-29 33 SMX MARKET UPDATE As on 25 November 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METALS GOLD FUT DEC2011 1697.90 1672.90 1685.80 108 SILVER FUT DEC2011 31.765 31.140 31.020 2 CURRENCY AUD-USD FUT DEC2011 .9690 .9642 .9688 2074 EUR-USD FUT DEC2011 1.3332 1.3208 1.3229 7695 GBP-USD FUT128 words
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PROPERTY
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Article, Illustration385 2011-11-29 34 Pace of decline may accelerate as weak consumer confidence erodes demand: Hometrack Bloomberg [LONDON] UK house prices dropped for a seventh month in November and the pace of decline may accelerate as weak consumer confidence erodes demand, property researcher Hometrack LtdBloomberg; FILE PHOTO - 385 words
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279 2011-11-29 34 It launches £150m fund that will buy prime London homes Reuters [SINGAPORE] Cordea Savills, the fund management arm of British real estate consultancy Savills plc, has launched a £150 million (S$303.5 million) fund that will buy prime London homes, giving Asian investors an alternative wayReuters - 279 words
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243 2011-11-29 34 Reuters [LONDON] Lloyds Banking Group is in the final stages of selling off a package of commercial real estate loans in a deal known as “Project Royal”, said a source with knowledge of the situation. The source said the assets could beReuters - 243 words
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Article, Illustration661 2011-11-29 35 He calls for more efforts to construct and distribute affordable houses Bloomberg [BEIJING] Chinese Vice Premier Li Keqiang said measures introduced to control the nation’s property market are at a “critical stage” and that the government should maintain the curbs, the official XinhuaBloomberg; AFP - 661 words
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189 2011-11-29 35 Bloomberg [HONG KONG] Hong Kong’s used-home sales at the 10 largest residential estates fell to six over the weekend, the lowest level since records began in 2007 excluding Chinese New Year holidays, Samsung Securities Co said, citing Midland Holdings Ltd. For the first timeBloomberg - 189 words
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302 2011-11-29 35 CEO says firm is on track to hit 10b yuan sales mark for 2011 Reuters [SHANGHAI] Chinese property developer Shui On Land Ltd is “positive” about achieving its 10 billion yuan (S$2.03 billion) sales target for 2011 despite a slowdown in the market,Reuters - 302 words
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Advertisement82 2011-11-29 34 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 Lanelace82 words
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Advertisement129 2011-11-29 34 BULK or INDIVIDUAL Purchase Welcome DIST 10-GALLOP GREEN 16 Apartments: 2992sf-3757sf (3+S/4+S/5+S) 11 Townhouses: 4188sf-5103sf (4+3/5+3) Foreigners Eligible, FH, Land ~143,OOOsf, Total: 53 units only Within 1km to Nanyang Pri Walkway to Botanic Gdn I savills L*****87F 9767 6611 (Mel Peck) R*****0A Australian Property Finance Have you recently bought an129 words
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LEADERS' PERSPECTIVE
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Article, Illustration1105 2011-11-29 36 VICTORIA HO - RSA CEO Art Coviello tells VICTORIA HO that the bottom line can reveal a lot about a company and how to run it effectively VICTORIA HO AS THE CEO of RSA, Art Coviello spends his time showing high-profile large enterprise clients what to expect in1,105 words
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Advertisement206 2011-11-29 36 This series is brought to you by Performance Motors Limited WHAT IS THE TRUE MEASURE OF LEADERSHIP? RECOGNITION. When a leader has substance, the world reciprocates. The BMW 7 Series salutes this achievement with privileges that no other luxury marque has matched. Such as the BMW 7 Series Privileges Programme206 words
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