The Business Times, 30 November 2011

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Microfilm: NL31701
Total Pages: 52
1 20 The Business Times
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  • Title Section
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    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 30,
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  • Article, Illustration
    Lock icon A slice of Chongqing in CapitaLand’s China pie
    787 1  -  Company and CMA taking 50% stake in 21b yuan project By MINDY TAN [SINGAPORE] CapitaLand continues to sink its teeth into China, unveiling a 21.1 billion yuan (S$4.1 billion) mixed-development plan in Chongqing, even as concerns grow over the possibility of a
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  • Article
    Lock icon Facebook might make US$10b friendship request
    787 1  -  Largest-ever technology IPO on the cards next year may value Facebook at US$100b By JOYCE HOOI [SINGAPORE] Facebook founder Mark Zuckerberg might be close to clicking “like” on an initial public offering that has been reportedly pegged at US$10 billion the largest ever technology
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  • Article
    Lock icon MARKETS DIGEST
    141 1 HST INDEX 2,688.10 (-6.33) HST INDEX FUTURES 2,688 (-6) HSIMSCI 305.07 (-1.10) HSIMSCI FUTURES 305.30 (-0.90) FOREX US$ S$ US$ (S$ per US$) 1.300 (US$/S$ per 1.550 2.016 EURO (US$/S$/E) 1.334 1.734 Foreign currency per US$ S$ YEN 77.90 59.90 RM 3.176 2.443 HK$ 7.793 5.994 BAHT 31.31
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  • TOP STORIES
    • Article
      Lock icon European banks’ exposure to Asia put at US$1.6t
      656 2  -  By ANTHONY ROWLEY By in Tokyo ASIA’s exposure to financial fallout from the eurozone crisis is significantly greater than has been suggested up till now. An official of the Asian Development Bank (ADB) said in Tokyo yesterday that European banks have US$1.6
      656 words
    • Article
      Lock icon Are Eurobonds and a big bazooka in the works?
      1136 2  -  They would buy time at least a year for eurozone to grow out trouble By VIKRAM KHANNA [SINGAPORE] The equity market rallies of the last two days have been widely attributed to healthier-than-expected retail sales during the US Thanksgiving holiday, raising
      1,136 words
    • Article
      Lock icon Correction
      54 2 IN the report, “LKY proposes setting up of bilingualism fund” (BT, Nov 29), Chua Thian Poh was mentioned as being the president of the Singapore Chinese Chamber of Commerce Industry. This is incorrect. He is the SCCCI’s immediate past president. The current president is Teo Siong Seng. We are
      54 words
    • Article, Illustration
      Lock icon Qantas premium carrier plans still on: CEO
      583 2  -  Airline needs Asian alternative for core customer base By VEN SREENIVASAN [SINGAPORE] Qantas chief executive Alan Joyce brushed aside reports that his airline might dump plans to set up a premium carrier based in either Singapore or Kuala Lumpur. Returning from the region
      BLOOMBERG  -  583 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      441 2 Facebook might make US$10b friendship request FACEBOOK founder Mark Zuckerberg might be close to clicking “like” on an initial public offering that has been reportedly pegged at US$10 billion the largest ever technology IPO. This values the social networking site at US$100 billion. FRONT PAGE A slice of
      441 words
    • Article, Illustration
      Lock icon StarHub’s Euro 2012 victory not a nailbiter: analysts
      593 4  -  No real impact seen, in reducing SingTel’s subscriber base nor in raising StarHub’s By JOYCE HOOI [SINGAPORE] Even with StarHub’s exclusive rights to the UEFA Euro 2012 in the bag, not much will change the tug-of-war for subscribers between it and SingTel,
      PHOTO: REUTERS  -  593 words
    • Article
      Lock icon Most Lehman-linked disputes settled or nearly resolved
      526 4  -  2,364 cases filed with dispute resolution centre as at Aug 31, report shows By GRACE LEONG [SINGAPORE] More than 2,200 disputes involving structured products linked to failed US investment bank Lehman Brothers have been settled in the past year, or are nearing resolution,
      526 words
    • Article
      Lock icon Fitch lowers US credit outlook to negative
      470 4 Move reflects waning confidence over fiscal measures Bloomberg [WASHINGTON] The US lost its last stable outlook from the three biggest credit ranking companies after Fitch Ratings lowered the nation to “negative” following a congressional committee’s failure to agree on deficit cuts. Fitch’s outlook
      Bloomberg  -  470 words
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      86 2 PINE HEALTH 201-1 Back Pain and Neck Pain Relief Speaker: DR PREM PILLAY Director of Spine and Pain Services Neuro Spine and Pain Center Singapore VENUE: HDB Hub Convention Centre Punggol Room, Basement One 480 Lorong 6 Toa Payoh Singapore *****0 DATE 3rd December 2011 (Sat) TIME 3:00PM 5:00PM RSVP:
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      23 2 Brand Your Assets I Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements V MATS i NOTICES <j( o J
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      360 3 Technology that advances luxury Audi e-tron The future of electric mobility newAt Audi e-trone Electric mobility is the future of the automobile industry and offers moreion-free motoring. Global trends like urbanisation, dwindchanging the face of automotive locomoeuirements. More thaboun than just emission-free motoring. Global trends like urbanisation, dwindlingustainability are changing
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      1086 4 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
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      42 5 WHEN THE EXCEPTIONAL DEMAND THE EXCEPTIONAL, THEY COME TO COUTTS For over 300 years, Coutts has been the bank of choice for exceptional people with an unrivalled reputation for managing their unique financial requirements. www.coutts.com A INVESTMENT MANAGEMENT WEALTH PLANNING PRIVATE BANKING
      42 words
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  • COMPANY NEWS
    • Article
      Lock icon GLP bonds selling like hot cakes
      416 6  -  Strong demand due to high initial coupon guidance of 5.5% to 5.7% By SIOW LI SEN GLOBAL Logistic Properties’ benchmark perpetual bond sale is said to be selling like hot cakes and that’s due to the unexpectedly high coupon indication. Yesterday morning, investors were
      416 words
    • Article, Illustration
      Lock icon SGX names Chng Lay Chew as its CFO
      301 6  -  By JAMIE LEE By SINGAPORE Exchange (SGX) yesterday appointed Chng Lay Chew from DBS Group as its chief financial officer (CFO) after a five-month search. The appointment takes effect on Dec 29. Mr Chng, 54, will also be a member of the
      301 words
    • Article
      Lock icon Investors, managers differ in views on hedge fund boards
      359 6  -  By CONRAD TAN BIG investors want greater board oversight of hedge funds, with many investors believing that hedge fund boards are more accountable to managers than investors, a new survey has found. But many managers feel their boards are already accountable
      359 words
    • Article
      Lock icon Corporate bond market growth slows in E Asia
      459 6  -  By SIOW LI SEN EMERGING East Asian corporate bonds continue to power ahead despite mounting challenges. Total bonds outstanding in emerging East Asia’s local currency market rose 5.5 per cent on a year-on-year basis and one per cent from a quarter ago
      459 words
    • Article, Illustration
      Lock icon HKT Trust makes little headway in HK debut
      804 7 Global market volatility, rich valuation weigh on high-yield investment trust Reuters [HONG KONG] PCCW Ltd’s telecoms business spin-off, HKT Trust, was little changed in its trading debut in Hong Kong yesterday as volatility in global markets and a rich valuation weighed on
      Reuters; REUTERS  -  804 words
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      57 6 EL V I z t'V «*> Premium ready-to-wear services Now at your fingertips >; Enjoy the same exacting standards of our signature full-canvas crafted suits.- Now exclusively available at Raffles Tailof m *7+ <#► -RAFFLES-TAILOR I > 84 Marina Boulevard #B2-09 Marina Bay Link Mall (Marina Bay Financial Centre) Tel:
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      76 7 In the future, the food chain and the supply chain will merge, In tomorrow's global economy, every resource will be counted. HSBC is one of the world's leading supply chain organisations. We help companies keep tabs on stock across six continents and five oceans. The future starts today. There's more
      76 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Short-covering bounce fizzles out
      590 8  -  ST Index first tracks Hong Kong’s firmer finish, but ends 6.3 points down as Europe opens in the red STOCKS R SIVANITHY Senior Correspondent HAVING already risen sharply ahead of Western markets on Monday, the Straits Times Index posted a modest but ultimately weak response yesterday
      Source: Bloomberg  -  590 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Nov 29 VALUE CLOSE BT OB/OS -790.00 +38.00 BT CADI -*****.00 -52.00 BT 10-day MA -*****.00 -79.00 FTSE ST Mid Cap 594.74 -2.32 FTSE ST Small Cap 405.82 -0.82 FTSE ST All Share 645.09 -1.66 FTSE ST China Top 186.07 -1.42 FTSE ST China 220.22 -1.25 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 7 6 0 0 0 0 7 6 Manufacturing 35 48 45 2 6 4 37 54 49 Commerce 11 20 13 2 5 3 13 25 16 Tpt/Stor/Comms 8 19 13
      186 words
    • Article, Illustration
      Lock icon QUICKCHART by Kim Eng Research
      443 8 Prone to pullback After experiencing a sharp rebound, the stock is trying to trade above the $0.645 area, which coincides with its 200-day EMA. RSI is hovering near the overbought region and could be vulnerable to a pullback. A healthy scenario would be a pullback
      443 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,633 12,633 38,846 38,846 Manufacturing 142,253 286,486 428,739 154,237 642 154,879 Commerce 167,773 9,616 177,389 151,888 586 152,474 Tpt/Stor/Comms 93,191 19,672 112,863 133,548 2,180 135,728 Finance 14,354 14,354 131,522 131,522 Construction 80,047 7,171 87,218 23,933
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      108 8 Stock name Close Change CapMallsAsia 1.270 -0.005 CapitaLand 2.490 -0.040 CapitaMall 1.755 -0.015 CityDev 9.580 -0.070 ComfortDelGro 1.385 DBS Grp 12.250 +0.110 F&N 6.340 +0.160 GLP 1.790 Genting SP 1.500 +0.005 Golden Agri 0.695 HK Land 4.540 +0.040 JMH 49.550 -0.020 JSH 29.030 -0.060 Jardine C&C
      108 words
    • Article, Illustration
      Lock icon Greenback falls over hopes for Europe
      485 8 CURRENCIES Bloomberg [LONDON] The US dollar weakened against all 16 of its major counterparts yesterday as Italy sold bonds and on speculation that euro-area policymakers are nearing agreements on ways to counter the region’s sovereign debt turmoil. The Dollar Index dropped for a second
      Bloomberg; BLOOMBERG  -  485 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME Goldtron 282,120,000 Noble Grp 90,393,000 Genting SP 86,603,000 Golden Agri 59,694,000 PSL Hldgs 56,311,000 NexGenSCom 32,094,000 GLP 29,954,000 Memstar 23,779,000 K-Reit R 23,743,000 IEV 21,532,000 VALUE($) Genting SP 130,525,660 Noble Grp 100,963,196 SingTel 56,281,050 GLP 53,795,360 UOB 49,326,970 DBS Grp 48,425,613 Golden Agri 41,612,061 SembMar 35,793,746
      55 words
    • Article
      Lock icon RISES
      116 8 BY CENTS CLOSE UP DBXT E50 10US$ 3352 165.1 3.9 DBXT MSEurope 10US$ 3890 159.9 3.3 DBXT MSKorea 10US$ 5180 144.3 2.2 IS S&P500 ***** 132.6 0.9 DBXT Nifty 10US$ 9346 105.3 0.9 DBXT SORA 5SG$ ***** 78.0 0.4 DBXT SPASX200 10US$ 3054 75.4 1.9 DBXT MSUSA 10US$ 2883
      116 words
    • Article
      Lock icon FALLS
      123 8 BY CENTS CLOSE DOWN GLD 10US$ *****-109.2 -0.5 DBS Bk 4.7% NCPS 100 ***** -90.0 -0.8 DBXT S&P Short 10US$ 4417 -42.9 -0.7 ShangriLa Asia 1354 -39.0 -14.7 Goodpack W*****0 70 -33.0 -32.0 PSL Hldgs 30.5 -12.5 -29.1 IS MSCI India 100 538 -11.7 -1.6 Star Hub 282 -9.0
      123 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      193 9 M t t DELUXE LIDQftlPALACE SINGAPORE WMSt ,V r<^i iY r 1 t > r^'vTA f ft fi N. «~v t V. I r "i I Vf^V; i < <* :V,-.: ..rj,:.: Mi i-:r 1:1 V 'ill w m l> M 4r r i A A ■>'.1 Ml i h
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  • COMPANY NEWS
    • Article
      Lock icon Sarasin seen expanding in Asia under Safra
      456 10  -  By GENEVIEVE CUA BANK Sarasin’s expansion in Asia is expected to get the thumbs-up from its new parent Safra Group, which just last week agreed to acquire the private bank from Rabobank. Safra Group will acquire a majority holding in Bank Sarasin Co
      456 words
    • Article, Illustration
      Lock icon Courts plans further growth in S-E Asia
      559 10  -  Retailer to spend $70m to open 8 new stores in S’pore, 38 in M’sia By KENNETH LIM FURNITURE and electronics retailer Courts Asia could raise capital to enter a third South-east Asian market even as it embarks on an ambitious expansion plan in
      FILE PHOTO  -  559 words
    • Article
      Lock icon DBS eyes supplier financing business
      383 10  -  It has begun supporting Dairy Farm’s supply chain By CONRAD TAN DBS Group has started a supplier financing programme with Dairy Farm Singapore designed to make the retail group’s supply chain more efficient, the bank said yesterday. The bank is also about to launch similar
      383 words
    • Article, Illustration
      Lock icon Ezra bags US$231m S America charter jobs
      225 10  -  By TEH SHI NING EZRA Holdings has broken into the fast-growing South American offshore market with its latest contract wins. Its offshore services division, EMAS Marine, has won a new charter and charter renewals, worth US$231 million in all, from national oil companies
      225 words
    • COMPANY BRIEFS
      • Article
        Lock icon SIA Engineering wins Airbus contract
        42 10 SIA Engineering Company (SIAEC) signed a tailored support package (TSP) contract with Airbus to maintain Singapore Airlines’ (SIA) additional fleet of 15 A330-300 aircraft being acquired from Airbus. SIA will receive delivery of the A330-300s from 2013.
        42 words
      • Article
        Lock icon ‘My Schoolbag’ aid from CapitaMalls Asia
        65 10 CAPITAMALLS Asia (CMA) is donating more than $500,000 to nearly 19,000 underprivileged children in Singapore, China, Malaysia, Japan and India under its annual “My Schoolbag” programme. Under the programme, schoolbags containing school and daily necessities are given to the children. The programme is funded
        65 words
      • Article
        Lock icon Asiatravel.com posts full-year loss
        86 10 ASIATRAVEL.COM Holdings has sunk into the red for the financial year ended Sept 30, 2011, posting a net loss of $1.6 million attributable to equity-holders, against a net profit of $1.63 million for the preceding financial year. The online travel agency’s 24.7 per cent increase in
        86 words
      • Article
        Lock icon CDL’s NZ unit invests more in associate
        57 10 CITY Developments Ltd’s subsidiary, Millennium Copthorne Hotels New Zealand Limited, has increased its investment in an associate company by US$30 million, giving it a 34 per cent stake in First Sponsor Capital. The additional investment will allow First Sponsor to purchase a land
        57 words
      • Article
        Lock icon Manhattan Resources’ CEO resigns
        45 10 MANHATTAN Resources said Ho Soo Ching, its chief executive officer and managing director, has tendered his resignation. Mr Ho’s responsibility will be assumed by Low Yi Ngo, a non-executive director and son of Low Tuck Kwong, a controlling shareholder of Manhattan.
        45 words
      • Article
        Lock icon Top changes at AEM Holdings
        68 10 AEM Holdings, which is on the Singapore Exchange’s watch-list, yesterday announced that David Goh would step down as CEO and director from Jan 1, 2012. Mr Goh will stay as special adviser to the company until March 31, 2012. Albert Ng will take over as
        68 words
      • Article
        Lock icon Lian Beng unit secures contracts
        71 10 LIAN Beng Group said that its wholly owned unit LS Construction has won contracts worth $13.2 million in total from the Housing Development Board for proposed building works in Tampines, and another $84.5 million contract from Lian Beng-Centurion Mandai (LBCM) to erect a 10-storey ramp-up
        71 words
    • Article
      Lock icon Wee Hur wins $159.3m HDB job in Sengkang
      281 10  -  By UMA SHANKARI WEE Hur Holdings has been awarded a $159.3 million public housing building contract from the Housing Development Board (HDB). The group’s construction arm Wee Hur Construction will build eight residential blocks, a basement car park and communal facilities such
      281 words
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      938 10 JERRY LUM Snr Marketing Director, MBA, CES CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K When You Buy, Sell, or Rent WATS NOTICES NEL GROUP LTD. (Incorporated in Singapore on 8 April 1995) (Company Registration Number: *****2443R) NOTICE OF EXTRAORDINARY GENERAL
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      82 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SINTRAVEST PTE LTD (In Members’ Voluntary Liquidation) Company Reg. No. *****0288R NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 (the “Act”) that the Final Meeting of Members of the above-named
      82 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Room for more private sector R&D: PM Lee
      468 11  -  He encourages businesses to tap the government’s risk-sharing schemes By TEH SHI NING SINGAPORE must continue to invest in research and development and while the private sector now accounts for 60 per cent of national R&D spending, there is room for businesses
      NG SOR LUAN/THE STRAITS TIMES  -  468 words
    • Article
      Lock icon S’pore eighth safest city in Mercer survey
      418 11  -  By DOLLY CHIA A MERCER survey ranked Singapore the eighth safest city and among the top 25 cities in the world with the highest quality of life. Vienna ranked highest for quality of living and Luxembourg was ranked the safest. Baghdad on the
      418 words
    • Article
      Lock icon KNG Group top bidder for Soon Lee site
      264 11  -  By UMA SHANKARI KNG Group put in the top bid of $48.1 million or $114 per square foot per plot ratio (psf ppr) for a 30-year leasehold industrial site along Soon Lee Street at the close of the state tender yesterday. The
      264 words
    • Article
      Lock icon Nuclear safety on agenda of Seoul summit in March
      415 11  -  This comes in wake of Fukushima nuclear disaster By LEE U-WEN THE topic of nuclear safety will be discussed among world leaders when they meet in Seoul next March for the biennial Nuclear Security Summit (NSS). This after the Eminent Persons
      415 words
    • Article
      Lock icon Three home sites launched for sale by tender
      402 11  -  By MINDY TAN THREE residential sites, expected to yield up to 1,830 housing units, were launched for sale by public tender by the Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB) yesterday. The three 99-year leasehold land parcels, which
      402 words
    • Article
      Lock icon JTC factory occupancy hits 97.5% in Q3
      292 11  -  By UMA SHANKARI THE occupancy level for JTC Corp’s ready-built facilities (RBF) climbed to 97.5 per cent in the third quarter, from 97 per cent in Q2, after the industrial landlord divested 15 blocks of flatted factory space in August. Occupancy climbed even
      292 words
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      20 11 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices »ATci >&SL NOTICES
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  • ECONOMY WATCH
    • Article
      Lock icon Japan’s jobless rate spikes to 4.5% in Oct
      561 12 In a positive sign, retail sales rise 1.9%, more than economists’ 0.7% forecast Bloomberg AFP [TOKYO] Japan’s jobless rate surged by more than any of 29 economists predicted, adding pressure on the central bank to expand stimulus as Europe’s debt crisis deepens
      Bloomberg; AFP  -  561 words
    • Article, Illustration
      Lock icon US, EU closer to bilateral trade talks
      515 12 Working group to identify, assess ways to strengthen ties Reuters [WASHINGTON] The United States and the European Union took a step towards launching bilateral trade talks to help create jobs on both sides of the Atlantic by capitalising on already strong economic ties.
      Reuters; AP  -  515 words
    • Article
      Lock icon New Aussie spending cuts to spur return to surplus
      294 12 Reuters [CANBERRA] Global uncertainty over the European debt crisis has forced Australia to cut its economic growth and revenue forecasts and to outline new spending cuts so the government can honour a promise to return the budget to surplus by mid
      Reuters  -  294 words
    • Article
      Lock icon OECD sees South-east Asian growth slowing till 2016
      358 12 AFP [JAKARTA] Growth in South-east Asia’s six major economies is expected to slow through 2016, the OECD said yesterday, urging them to find new growth drivers as the key US and European export markets are stuck in crisis. In its outlook for
      AFP  -  358 words
    • Article
      Lock icon Seoul readies laws for US trade deal
      420 12 Bills signed include fair trade, monopoly regulations, local taxes AP Reuters [SEOUL] South Korea’s president yesterday signed a slew of laws needed to implement the country’s free trade deal with the US, amid growing protests denouncing the accord at home. President Lee Myung
      AP; Reuters  -  420 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Malaysia’s FDI jumps 42% in first 9 months
      521 13 Inflows on track to top last year’s; after strong H1 growth, pace slows in Q3 [KUALA LUMPUR] Malaysia's foreign direct investment (FDI) for the first nine months this year jumped 42 per cent from a year ago and the full year number
      521 words
    • Article, Illustration
      Lock icon Lawyers protest Bill to ban street rallies
      455 13 Group’s march fails to stop Parliament from approving Bill AP [KUALA LUMPUR] Hundreds of Malaysian lawyers staged a rare protest march yesterday demanding that the government abandon plans for a law that will forbid street rallies. The protest led by Malaysia’s main grouping
      AP; AFP  -  455 words
    • Article
      Lock icon OECD sees 6.3% Indonesian growth in 2011
      264 13 Xinhua [JAKARTA] Indonesia is likely to see growth of 6.3 per cent this year below the government’s estimate of 6.5 per cent. “The world economy’s downturn caused by the euro debt crisis and US fiscal policy crisis may exacerbate Indonesia’s economy,” OECD deputy
      Xinhua  -  264 words
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      141 13 When our commodities clients ask for advice, the entire firm answers At J.P. Morgan, our clients not only have access to a world-class global commodities franchise, they have access to our entire firm. In addition to our sales and trading expertise, our offering includes a leading natural resources advisory and
      141 words
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  • INDIA
    • Article, Illustration
      Lock icon India fails to break deadlock on retail reform
      673 14 Opposition parties and Singh’s allies want to roll back changes Reuters AFP [NEW DELHI] Indian Prime Minister Manmohan Singh failed to break an impasse yesterday, with opposition parties and his own political allies demanding a rollback of a reform allowing foreign supermarket
      Reuters; AFP; REUTERS  -  673 words
    • Article
      Lock icon RBI likely to reverse monetary stance
      511 14 Swap traders see central bank easing interest rates as economic growth slows Bloomberg [NEW DELHI] Reserve Bank of India governor Duvvuri Subbarao may reverse Asia’s steepest increase in interest rates in the coming year as the third largest developing economy slows, money market indicators
      Bloomberg  -  511 words
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      105 14 Revel in the warmth of the season and share the festive excitement with friends and loved ones. Enjoy a diverse array of festive feasts at our award-winning restaurants and take home yuletide goodies from The Atrium Deli. Get your celebrations started by visiting panpacific.com/singapore/festive For further enquiries and to make
      105 words
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  • GREATER CHINA
    • Article
      Lock icon New China Life IPO seeks to raise up to US$2.3b
      403 15  -  Insurer plans to sell 358.4m new shares in HK in price range HK$28.20-HK$34.33 By FREDERICK YEUNG EJ Insight [HONG KONG] New China Life Insurance, one of the leading insurers in China, is seeking to raise up to US$2.3 billion in
      EJ Insight  -  403 words
    • Article
      Lock icon Goldman closes long position on China
      565 15 Bloomberg [HONG KONG] Goldman Sachs Group Inc said that clients should exit a bet that Hong Kong-listed companies in China will gain as UBS AG and Citigroup Inc cut growth forecasts for the world’s second-biggest economy. “We are closing our recommended long position in
      Bloomberg  -  565 words
    • Article, Illustration
      Lock icon China set to be the next big vaccine exporter
      488 15 AP [BEIJING] The world should get ready for a new Made-in-China product vaccines. China’s vaccine makers are gearing up over the next few years to push exports in a move that should lower the cost of life-saving immunisations for the world’s
      AP  -  488 words
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  • WORLD
    • Article
      Lock icon For Japanese banks, a silver lining in euro crisis
      576 16 They are reaping asset-sale offers as European banks trim their balance sheets Reuters [TOKYO] More and more financial industry executives are finding themselves out of jobs as the global economy lurches into a slowdown; but for bankers in charge of overseas
      Reuters  -  576 words
    • Article
      Lock icon UK growth slower than forecast this year and next
      440 16 Govt has to borrow more and extend spending cuts Bloomberg [LONDON] Chancellor of the Exchequer George Osborne said that UK economic growth will be slower than forecast this year and next, forcing the government to borrow more and extend spending cuts
      Bloomberg  -  440 words
    • Article, Illustration
      Lock icon FASTER, HIGHER, STRONGER
      106 16 [GREENWICH] Dancers from the English National Ballet posing for a photo shoot at the Old Royal Naval College in Greenwich, near London, to mark the launch of Dance GB, the dance event of 2012. The English National Ballet, National Dance Company Wales and Scottish Ballet are joining
      AFP  -  106 words
    • Article
      Lock icon US active bond fund managers feel the heat
      518 16 Bloomberg [BOSTON] Stock pickers in the US have suffered half a trillion dollars in withdrawals since they started losing ground to index-tracking funds five years ago. Now, active bond-fund managers are starting to feel the heat. Passive funds won 39 per cent
      Bloomberg  -  518 words
    • Article
      Lock icon Corporate bond returns in November worst since 2008
      483 16 This month’s losses in bonds pare gains for the year to 2.9% Bloomberg [NEW YORK] Corporate bonds are poised for their biggest losses since the aftermath of Lehman Brothers Holdings Inc’s failure as Europe’s sovereign-debt crisis drags down returns for banks and
      Bloomberg  -  483 words
    • Article
      Lock icon Campus recruiting hit by anti-Wall St sentiment
      545 16 Banking hopefuls who used to be wooed now face wrath of their peers NYT [NEW HAVEN] College students seeking jobs on Wall Street have always had hurdles to overcome gruelling applications, endless rounds of interviews and fierce competition for the relatively few available
      NYT  -  545 words
    • Article, Illustration
      Lock icon THL keen to buy Yahoo’s US business
      731 17 Internet giant’s board likely to assess possibility of minority investment Reuters [NEW YORK] Thomas H. Lee Partners (THL) is interested in buying the US operations of Yahoo Inc, breaking away from other bidders that are for now eyeing either a minority stake or
      Reuters; REUTERS  -  731 words
    • Article
      Lock icon AOL not looking at Yahoo’s assets
      431 17 Reuters [NEW YORK] AOL Inc chief executive Tim Armstrong remains committed to keeping the company independent and is not looking at Yahoo’s assets even as AOL’s larger rivals seek to consolidate. Mr Armstrong said during Reuters’ Global Media Summit on Monday that AOL has
      Reuters  -  431 words
    • Article
      Lock icon Thai PM Yingluck hospitalised after food poisoning
      351 17  -  By LEE U-WEN THAI Prime Minister Yingluck Shinawatra still busy dealing with her country’s worst floods in 50 years was hospitalised yesterday morning due to food poisoning. The 44-year-old was admitted to Praram 9 Hospital in downtown Bangkok after suffering from diarrhoea, which
      351 words
    • Article
      Lock icon US district judge challenges SEC settlement code
      592 18 He rejects US$285m Citigroup accord, citing public interest in learning the truth Bloomberg [NEW YORK] The Securities and Exchange Commission’s policy of letting financial institutions settle enforcement actions without admitting liability was challenged by a judge who rejected its US$285 million Citigroup Inc
      Bloomberg  -  592 words
    • Article, Illustration
      Lock icon Dodd-Frank Act co-author plans to retire
      554 18 Rep Barney Frank, serving his 16th term, won’t seek re-election Bloo mberg [WASHINGTON] US Representative Barney Frank, co-author of the biggest rewrite of Wall Street rules since the Great Depression, will retire instead of seeking another term after Massachusetts re-shapes his congressional district. Mr
      Bloomberg; BLOOMBERG  -  554 words
    • Article
      Lock icon Online tills keep ringing in US on Cyber Monday
      518 18 AP [NEW YORK] US shoppers seem to be just as enthusiastic about shopping on their computers and smartphones on Cyber Monday as they are about finding deals over the weekend. Online sales on Cyber Monday which were started in 2005 by
      AP  -  518 words
    • Article
      Lock icon Democrat surtax plan to face Senate test vote
      387 18 Bloomberg [WASHINGTON] US Senate Democrats are proposing to use a 3.25 per cent surtax on income over US$1 million to pay for extending and expanding a payroll tax cut, setting up a test vote as early as this week. If Congress doesn’t
      Bloomberg  -  387 words
    • Article
      Lock icon Vale plans to invest US$21.4b in mining projects in 2012
      293 18 Bloomberg [RIO DE JANEIRO] Vale SA, the world’s largest iron-ore producer, plans to invest US$21.4 billion on mining projects in 2012 after failing to meet spending targets this year. The Rio de Janei-ro-based company will invest US$12.95 billion on project
      Bloomberg  -  293 words
    • Article, Illustration
      Lock icon EU finance ministers mull previously taboo ideas
      589 19 Desperate bid to save euro under way even as Italy’s borrowing rates rise AP [BRUSSELS] The 17 finance ministers of the countries that use the euro converged on EU headquarters yesterday in a desperate bid to save their currency and to protect Europe,
      AP; AFP  -  589 words
    • Article
      Lock icon Consumer mood most improved since April 2003
      405 19 LATEST US DATA Bloomberg [WASHINGTON] Consumer confidence climbed in November by the most in more than eight years as Americans grew more upbeat about employment and income prospects. The Conference Board’s index increased to 56 from a revised 40.9 reading in October, the
      Bloomberg  -  405 words
    • Article, Illustration
      Lock icon Europe banks' push for funds speeds retreat
      599 19 Reuters [JOHANNESBURG] Europe’s banks stepped up efforts to raise funds and offload business in far-flung places as Bank of Ireland sold a parcel of project finance loans and Credit Agricole said it will quit South Africa. European lenders are expected to ditch up
      Reuters; BLOOMBERG FILE PHOTO  -  599 words
    • Article
      Lock icon Moody’s may lower debt ratings of 87 European banks
      454 19 Move to reflect potential removal of govt support Bloomberg [SYDNEY] Moody’s Investors Service said that it’s considering lowering debt ratings for banks in 15 European nations to reflect the potential removal of government support. All subordinated, jun-ior-subordinated and Tier-3 debt ratings
      Bloomberg  -  454 words
    • Article
      Lock icon Duo behind Olympus saga operating in HK
      570 19 Bloomberg [TOKYO] Japanese bankers whose firm helped Olympus Corp conceal losses by channelling inflated fees on a 2008 takeover through offshore funds are operating in Hong Kong, where they have run a web of shelf companies and rented luxury apartments for at least
      Bloomberg  -  570 words
  • Page 16 Advertisements
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      30 16 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 Store
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  • Page 17 Advertisements
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      74 17 Qr^n asiabos Asia's leading Luxury Spa Wellness Publication spa style senses W »CSL november/december THE ISSUE Ir f* 4f 3- xm £3 «T TOP 10 SPA DESIGNERS MASTERING THE ART OF WEEENESS THE RISE OF THE DESIGNER SPA DESIGNING ECO SPA SPACES ENCHANTING JAVA DISCOVERING JORDAN VIENNA'S SUPERLATIVE SPAS Ask
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      Lock icon Page 17 Advertisements Column 2
      365 17 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KNOWLEDGEFORE ASIA PTE. LTD. REG NO. *****0634H (In Members’Voluntary Liquidation) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50,
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      1168 17 POLLUX PROPERTIES LTD. (Company Registration Number *****4729G) (Incorporated in the Republic of Singapore) (the "Company NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting be held at 11 Changi South Street 3, #04-01 Builders Shop Building, Singapore *****2 on 15 December 2011 at 2.00 p.m.
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  • Page 18 Advertisements
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      223 18 RAFFLES CONVERSATIONS 2011 EDITION The diverse experiences of some of the most influential thinkers, corporate chiefs and social activists of the age THOMAS ARASI “Once a property such as this (Marina Bay Sands) opens, we hope we won’t close for the next 200 years. We are a living, breathing organism.”
      223 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Employers should reward workers fairly
      509 20 EDITORIAL THE news on the labour front over the weekend couldn’t have been more mixed: one day after the National Trades Union Congress (NTUC) announced that Singapore’s 400,000 or so unionised workers will be getting bigger pay hikes and bonuses this year, a starkly different
      509 words
    • Article, Illustration
      Lock icon In Asia, two big population cycles are playing out
      781 20  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 QUIETLY, without much notice, the world’s population crept past the seven billion mark on Oct 31, according to the United Nations. The
      781 words
    • Article, Illustration
      Lock icon Companies need to hit the books early this year
      951 20  -  In a slowdown, firms and their auditors will find themselves doing more, not less By ONG PANG THYE The writer is head of audit at KPMG in Singapore. The views expressed are his own WITH the year-end financial reporting season just
      AFP  -  951 words
    • Article, Illustration
      Lock icon Clock is ticking for eurozone and its politicians
      1156 21  -  An integrated currency area may remain, albeit with fewer countries and more fiscal centralisation By PETER BOONE and SIMON JOHNSON Peter Boone is a principal at Salute Capital Management, a non-resident senior fellow at the Peterson Institute for International Economics and a
      BLOOMBERG  -  1,156 words
    • Article, Illustration
      Lock icon Euro: time to get ready for Plan B
      973 21  -  By HUGO DIXON REUTERS BREAKINGVIEWS IT IS fashionable for pundits outside Germany to lambast its government, the Bundesbank and the European Central Bank (ECB) for being inflexible or stupid or both. Can’t they see that all that’s needed is for the ECB
      REUTERS  -  973 words
    • Article
      Lock icon Beyonics Tech shareholders deserve better
      353 21  -  LETTERS TO THE EDITOR Mano Sabnani THE annual general meeting of Beyonics Technology held on Nov 29 was a tumultuous and sad affair. It started with shareholders scrambling to beat the rush-hour crowd to get to the faraway venue in Tuas by 9am. And it
      353 words
    • Article
      Lock icon CMT returns almost 130% since its IPO
      420 21  -  Simon Ho CEO CapitaMall Trust Management Ltd Manager of CapitaMall Trust WE refer to the commentary, “The Reit Myth Busted”, by Ms Teh Hooi Ling (BT, Nov 26). Similar to other stocks listed on the Singapore Exchange, the performance of Reits should be
      420 words
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  • Page 21 Advertisements
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      41 21 R 3 L V'\ U A r* rJ L-TFIND THE ONES J THAT FIT! C n c J O Recruit the right people j t I through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. L M .JX,
      41 words
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  • TransportHUB
    • Article
      Lock icon Recognising bravery at sea
      1125 22  -  IMO does well to commend courageous action, reminding us all what ‘going to sea’ can sometimes involve STRAIT TALK By DAVID HUGHES LAST week, IMO secretarygeneral Efthimios Mitropoulos presented Seog Hae-gyun, master of the chemical tanker Samho Jewelry, the International Maritime Organization (IMO) Award for Exceptional
      1,125 words
    • Article, Illustration
      Lock icon MISC to sell 16 container vessels
      339 22 Bloomberg [KUALA LUMPUR] MISC Bhd, South-east Asia’s largest shipping line by market value, intends to sell its 16 owned container vessels within about six months as it exits unprofitable cargobox operations. The prices for the ships will depend on market conditions, the Kuala Lumpurbased
      Bloomberg; BLOOMBERG  -  339 words
    • Article
      Lock icon Chemical tankers to boost profits for firms
      420 22 Bloomberg [LONDON] Vessels hauling chemicals used to make everything from paint to plastics may earn the most in four years in 2012 as volumes exceed fleet capacity, boosting profit for tanker owners Stolt-Nielsen Ltd and Odfjell SE. Demand will gain 5 per cent
      Bloomberg  -  420 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon KLIA2 will be bigger, better – and will cost more
        593 23  - KLIA2 will be bigger, better and will cost more Additional facilities justify extra spending, says Malaysia Airports By Kuala PAULINE NG Kuala in Kuala Lumpur MALAYSIA Airports Holdings Bhd (MAHB) yesterday said the cost of building the country’s new budget terminal KLIA2 could be almost double the original estimate of
        593 words
      • Article
        Lock icon Crowded skies over Changi
        1350 23  -  Serious thought needs to be given now to this matter of congestion, both in the interest of safety and in ensuring that Changi remains an attractive airport for airlines COMMENTARY By PRITHPAL SINGH The writer is a pilot and an aviation consultant. The observations and opinions
        1,350 words
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        Lock icon Air India, lenders agree on debt restructuring plan
        391 23 Bloomberg [NEW DELHI] Air India Ltd and lenders broadly agreed to restructure the stateowned carrier’s workingcapital debt as part of a plan that will see the government write off some losses and repay aircraft loans, an official said. The government will repay
        Bloomberg; FILE PHOTO  -  391 words
      • Article
        Lock icon Australian air safety bureau probes smoking iPhone
        279 23 AFP [SYDNEY] Australia’s aviation safety watchdog said yesterday it was investigating after an Apple iPhone apparently began glowing red and emitting smoke after a flight to Sydney last week. Australian carrier Regional Express (Rex) said a passenger’s mobile “started emitting a significant amount
        AFP  -  279 words
      • Article
        Lock icon Airlines may face tougher EU slot-use regulations
        241 23 Bloomberg [BRUSSELS] Airlines would face a stricter European Union (EU) rule on the use of takeoff and landing slots and gain the right to trade them under EU legislation being drafted to boost competition. Current EU law requires carriers to use airport slots
        Bloomberg  -  241 words
  • Page 22 Advertisements
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      83 22 All ways with you, All around the world. r < lr Our goal: More Than Shipping. The world, our stage. At NYK, we do more than 'ship' goods all over the world. Our monohakobi (transport) comes in various forms: by sea, air, and land via rail and road. The entire
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      Lock icon Page 22 Advertisements Column 3
      18 22 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices MATS NOTICES
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  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      289 23 CRYPTIC CROSSWORD Across 1 Frisky pair, later on common (11) 10 Attack Sergeant-Major holding hill (5) 11 Hot spot for chicks (9) 12 White bra, at least, almost undone (9) 13 Run over by front of combine in harvest (5) 14 Unearth dead containing old carbon (6) 16 Scientists cite
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  • TRANSPORT HUB: LAND
    • Article
      Lock icon Bombardier wins Indian rail contract
      211 24 Reuters [NEW DELHI] Bombardier Inc’s train unit received a contract to make railway equipment for India’s Mumbai Railway Vikas Corp (MRVC). The project, funded equally by the World Bank and the government of India, is valued at about 11.2 billion Indian rupees (S$281 million). Under
      Reuters  -  211 words
    • Article
      Lock icon Canadian Pacific Railway plans US$500m bond sale
      549 24 The firm will use the proceeds to support its underfunded pension plan Bloomberg [MONTREAL] Canadian Pacific Railway Ltd, which has the highest operating expenses versus sales among large North American railroads, plans a US$500 million debt offering to support its underfunded pension plan.
      Bloomberg  -  549 words
    • Article, Illustration
      Lock icon Toyota’s new plug-in Prius goes on sale
      574 24 AP [TOKYO] Toyota began taking orders yesterday for the plug-in version of its hit Prius hybrid, announcing efficient mileage and a relatively affordable starting price of 3.2 million yen, which comes down with green vehicle subsidies. Toyota is targeting Prius plug-in sales of
      AP; BLOOMBERG  -  574 words
    • Article, Illustration
      Lock icon India's motorcycle manufacturers riding on inflation wave
      845 24 Manufacturers sold 11.8m two-wheelers last fiscal year Bloomberg [MUMBAI] India’s inflation is producing an unexpected beneficiary. Motorcycle makers are poised for record sales this year as the highest borrowing costs among Asia’s major economies push consumers to choose a cheaper ride. Two-wheeler deliveries
      Bloomberg; BLOOMBERG  -  845 words
    • Article
      Lock icon US carmakers not likely to benefit from Korea FTA
      711 24 They accounted for only 1.1% of the market last year Bloomberg [SEOUL] When Back Seung Chul bought a new car in Seoul, he didn’t even look at imported models from General Motors (GM) Co, Chrysler Group LLC, and Ford Motor Co.
      Bloomberg  -  711 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7912 25 Transaction date: Nov 29 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 10.6 14 7.8 3.9 3.2 74.2 9.5 4.1 A-Sonic 4.5 unch 40 4.5 4.5 4.5 2.9
      7,912 words
    • Article
      Lock icon SGX CATALIST
      1572 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 12.7 unch 100 12.7 12.7 12.7 13 4.7 4.3 4.9 22.7 5.5 2.5 t AA Grp 3.3 2.7 3.1
      1,572 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      10092 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.13/ APS Alpha Fund (USD)!** 0.86/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.56/ Aberdeen Asset Mgt Asia Limited American Opp 0.6016/ Asian Credit Fund
      10,092 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 $mil 55.5 34 AVJennings A34 32.5 43 3.6 10.3 2.7 88.5 49 25.5 Genting HK US$ US28 -0.5 6269 29 28 28 28.5 1843.7 15 10 OGL Resources
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    • Article
      Lock icon SGX ETF
      820 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 $mil 130 108 ABF SG Bond ETF 117 116.4 117.2 534.1 1261 856 CIMBAsean40 100US$ US918 36.7 ***** ***** DBXT AUD Bonds 5AU$ A***** 45.4 ***** *****
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  • 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 28 Index Change Change Change Change Change Change World Preliminary 795.0 3.0 -11.4 2.2 -10.2 3.3 -11.4 EAFE Preliminary 657.9 2.9 -17.9 2.4 -16.4 3.4 -17.6 Europe Preliminary 976.6 3.7 -16.4
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Nov 28 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.52 2.05 WTI (Near Mth) 97.72 0.95 Dubai (1-Mth F) 106.45 1.66 Tapis blend 116.67 2.69 Minas 113.57 2.69 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.78 0.72 Jet Kerosene 125.04 -0.16 US$/barrel Opec Oil
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    • Article
      Lock icon CHICAGO BOT
      107 27 Nov 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1121.00 1106.25 1127.25 1114.00 Mar 12 1131.00 1115.75 1136.25 1122.50 May 12 1140.75 1124.50 1145.25 1132.75 Jul 12 1150.00 1133.00 1155.25 1141.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 11 48.91
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    • Article
      Lock icon GOVERNMENT SECURITIES
      75 27 Nov 29 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 01.03.2012 0.32 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 103.24 5-Year N*****0W 1.125 01.04.2016 102.39 10-Year NX*****X
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      448 27 Nov 29 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.3875 0 3256 Mar12 99.2350 0 3491 Jun12 99.1950 0 1201 Sep12 99.1800 0 550 EUROYEN TIBOR FUTURES Dec11 99.6650 0 3632 Mar12 99.6550 26 1937 Jun12 99.6575 0 1440 Sep12 99.6550 0 711 Dec12 99.6600
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      149 27 As on 28 November 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METALS GOLD FUT DEC2011 1708.20 1703.90 1710.90 2 SILVER FUT DEC2011 31.735 31.670 32.165 2 GOLD FUT FEB2012 1723.90 1708.10 1714.60 68 SILVER FUT MAR2012 31.965 31.935 32.245 2 CURRENCY AUD-USD FUT
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    • Article
      Lock icon SGX FUTURES
      164 27 Nov 29 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 11 328.0 320.0 324.5 43 468 Jan 12 329.0 329.0 329.0 10 338 Feb 12 335.5 203 Mar 12 344.0 344.0 342.7 3 297 Apr 12 346.0
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    • Article
      Lock icon LONDON METALS
      71 27 Nov 28 Nov 28 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2017.25 1981.75 3 months 2026.00 1992.00 Copper, Grade A (US$/tonne) Cash 7471.00 7206.00 3 months 7495.00 7230.00 Lead (US$/tonne) Cash 2003.75 1982.50 3 months 2025.00 2004.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon LIFFE
      82 27 Nov 28 COCOA (£/tonne) Close Prev High/Low Dec 11 1488 1509 1521/1485 Mar 12 1516 1536 1550/1513 May 12 1532 1551 1562/1530 Jul 12 1548 1568 1577/1546 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1913 1890 1970/1970 Jan 12 1915 1891 1996/1896 Mar 12 1952 1928 2030/1935 May 12
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2202 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 55 49.00 30 ASJ Hldgs W*****1 0.1 1 4 24 33.00 3 AlliedTech W*****2 1.7 1 4 24 Ascendas Reit.ES.1111 203 Aztech Grp W*****3 0.2
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 27 Nov 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.029 6.341 0.746 7.750 51.716 91.489 0.775 11.394 3.158 1.315 87.641 43.378 1.293 8.301 0.916 30.224 31.136 0.641 0.994 Canada 0.972 6.164
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    • Article
      Lock icon SIBOR
      82 27 Nov 29 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon PRECIOUS METALS
      137 27 Nov 29 GOLD (US$/oz) Nov 28 Nov 29 Hong Kong 1715.00 1708.00 Nov 25 Nov 28 London 1691.05 1713.35 1692.25 1714.35 Source: Thomson Reuters CAST BAR Nov 29 (S$) Selling Buying Kilobar 76,644.10 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 172 71 5gm 487 357 10gm 871
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    • Article
      Lock icon PALM OIL
      57 27 Nov 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 11 3088 3058 3095 3055 539 2251 Jan 12 3090 3064 3105 3058 3815 ***** Feb 12 3081 3062 3104 3054 ***** ***** Mar 12 3057 3061
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    • Article
      Lock icon STOCK INDEX FUTURES
      24 27 Nov 29 Open High Sett STI Nov 2688 SIMSCI Nov 306.8 308.3 305.3 Taiwan Nov 247.4 249.8 249.7 Source: SGX Derivatives
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Nov 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2922 1.2936 0.9943 0.9946 Canadian dollar 1.2559 1.2576 0.9664 0.9669 Euro 1.7330 1.7347 1.3335 1.3338 NZ dollar 0.9828 0.9839 0.7562 0.7565 Sterling pound 2.0145 2.0166 1.5501 1.5505
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    • Article
      Lock icon INTERBANK RATES
      154 27 Nov 29 $S Offer Bid 0vernight 0.01 par 1-month 5/16 3/16 2-months 5/16 3/16 3-months 5/16 3/16 Overnight mode: 0.08 US$ Offer Bid 7 days 0.30 0.20 1 month 0.50 0.30 2 months 0.55 0.35 3 months 0.65 0.45 6 months 0.85 0.65 9 months 1.05 0.85 12
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      Lock icon US$/S$ FORWARD RATES
      22 27 Nov 29 S$ Bid Offer 1-month 1.2996 1.3006 2-months 1.2995 1.3006 3-months 1.2992 1.3002 6-months 1.2970 1.2983 Source: OCBC
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      121 27 As at 9am Nov 29 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.315 1.253 Can dollar 1.281 1.232 Euro 1.763 1.696 Sterling pound 2.054 1.975 NZ dollar 1.005 0.958 US dollar 1.323 1.273 Local dollars to 100 units of foreign
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    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    4559 28 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
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      41 28 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? PLACE YOUR AD HERE THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 1327 To All Shipping Advertisers: Please call Joe Wong at 9620 1327
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      151 29 Can they find your services here in the Shipping Times? R rgently n d d by shippers n -they find your service re in -the Shipping Time s? THE BUSINESS TIMES ADVERTISE, CALI IOE WONG 9620 1 SHIPPING TIMES Certificatio Come publicise your Award Wins Certifications, Ship Christenings Delivery of
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      Lock icon Get an edge with advanced beta
      1078 30  -  A combination of valuation, low volatility equal-weight beta strategies can help protect investors in most market environments, says JANICE WU The writer is managing director of State Street Global Advisors’ South Asia Business and head of Relationship Management, Asia ex-Japan VOLATILITY and the sometimes
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      1383 30 Passive funds grab 39% of all new money garnered by bond strategies in 2011 Bloomberg [BOSTON] Stock pickers in the United States have suffered half a trillion dollars in withdrawals since they started losing ground to index-tracking funds five years ago.
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      Lock icon Funding kids’ education is no child’s play
      989 31  -  There is no cheat sheet; do your homework and stay disciplined, advisers say. reports KENNETH LIM FINANCIAL planner Eddy Cheong was recently looking into saving some money for his children’s education. “I was thinking about where to put it, and I saw the
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      Lock icon Money managers outperform, turn US$1 bet into US$254m
      821 31 Bloomberg [NEW YORK] Three money managers in one of the country’s richest towns collected the biggest jackpot in the history of the Connecticut lottery after investing US$1 in a Powerball ticket. Brandon E Lacoff, co-founder of Belpointe LLC, an US$82 million wealth
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      84 30 DISTRIBUTOR WANTED For Well Known U.S. Brand In Singapore Malaysia A well-known U.S. accessories brand is looking for an experienced national distributor for their range of high quality, fashionable and competitively priced lifestyle products (umbrellas rainwear, casual bags, slippers, sandals, shoes). The successful candidate must have an existing national distribution
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      487 31 GET SMARTER WITH SMARTPHONE MOMENTUM Watch Lists t FsH Real Tme Ouoles r:35 PM ET0»14/I1 W E*TRADE MOBILESPRO Unleash Your U.S. Trading S-B3 Streaming Real-time Quotes Complete View of Accounts Easy Stock Options Trading Market Indexes Stocks at a glance Live Watch Lists Portfolios Market News Commentary COMMISSION FROM AS
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      289 32 PARK HOTEL GROUP TRIUMPHANT WIN AT EMBARK ON YOUR PARK JOURNEY ACROSS 1 CONTINENT, 3 COUNTRIES AND 8 PROPERTIES. a m. V 3 I t&P- 9 <r* 2 **< 1 i Established in Hong Kong since 1961, Park Hotel Group has expanded from 1 hotel to a portfolio of 8
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      Lock icon Tread with care
      379 1  -  Teh Hooi Ling THIS year has been a most difficult year where investments are concerned. Of all the stock markets in the world, only Venezuela, Mongolia, Jamaica, Zambia, Mauritius, and the Philippines managed to chalk up gains. Commodities too have had a wild ride. Gold started the
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      Lock icon Managing risk key to returns in 2012
      1306 2  -  There are a number of strategies that can help investors cope in a cloudy investment environment due to the European debt crisis By Norman Villamin ~The writer is head of Investment Strategy, Asia, Coutts WITH the European debt crisis likely to continue to
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      Lock icon Forget fear, focus on fundamentals
      1333 4  -  Fixed income investors who target Asian company and govt bonds and who diligently practise credit analysis will be duly rewarded By Endre Pedersen OPEN any newspaper today and you’ll see headlines screaming that the world economy is in crisis. But this is no ordinary recession.
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      Lock icon Looking at Asian equities
      1152 6  -  It may be challenging to find near term investment performance but long term investors should pick up fundamentally strong firms with sustainable and credible business models in cyclical sectors By Eddy Loh ~The writer is equity strategist, Asia, Barclays Wealth AS WE come to the end
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      Lock icon A portfolio biased towards Asia
      1207 8  -  In the next 5 years, allocations towards Asian bonds and currencies will be a strategic way to lower volatility and improve risk-return By Kelvin Tay ~The writer is chief investment strategist, Singapore, UBS Wealth Management Research MANY central bankers and economists believed in the period
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      1200 10  -  Prime properties in the region are attractive assets to acquire and hold, provided expectations are well grounded By Gerard Lyons ~The writer is chief economist and global head of research at Standard Chartered Bank MARK Twain said: “Buy land; they don’t make any more
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      1199 12  -  Certain locations, types of property, strategies and managers still offer good prospects even in times of trouble By Patrick Sumner ~The writer is head of Property Equities at Henderson Global Investors (Singapore) Limited AS I write this on the auspicious Nov 11, 2011 (11/11/11),
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      1033 14  -  They give the risk-return benefits of property investing, with some of the best qualities of both fixed-income securities and equities By Jason Kern ~The writer is managing director and head of Real Estate Lodging Advisory for Asia-Pacific at HSBC INVESTORS around the globe would
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      589 14  -  By Marc Lansonneur ~The writer is regional head of Investment Teams and Market Solutions, Societe Generale Private Banking (Asia Pacific) THE effect of currency movements on assets classes cannot be ignored by investors. Needless to say, the benefit of holding performing assets could be
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      1032 16  -  Investors and central banks have been avoiding paper currencies in favour of buying gold, whose value has hit new highs By Bill Barbour ~The writer is director, investment specialist at Deutsche Asset Management CENTRAL bankers have been printing copious amounts of money in an attempt
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      1106 18  -  Asia has seen a significant increase in assets held by ETPs this year, growing approximately 20% in the Asia-Pacific as of Sept 30, 2011 By Janice Wu ~The writer is managing director of State Street Global Advisors' South Asia Business and head of Relationship Management,
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      1131 19  -  Recent unspectacular returns by the HFRX Global Hedge Fund Index underscores the need to pick the right strategy at the right time By Rick Arney ~The writer is head of hedge funds for BlackRock Alternative Investors, Alternative Investments Strategy group DO hedge fund strategies
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      69 1 PHOTO: AFP Coordinator: Teh Hooi Ling Copy editor: Elaine Koh, George Joseph Sub-editor: Kelvin Lee Cover design: Jennifer Chua Artists: Mohamad Khairie, Ludwig Illio, Sarah Loyola and Noordin Ayob MACRO VIEW Managing risk key to returns 2 COMMODITIES Demand underpins gold outlook 16 EQUITIES Looking at Asia 6 HEDGE FUNDS
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      283 3 Standard Chartered Here for good global markets within reach million opportunities await way to trade for free It's good to trade online with no minimum commission. Only our Online Trading gives you more reasons to trade and transfer your shares to us. Apply for Online Trading today to enjoy the
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      201 5 Until he had helped Thomas Edison perfect the invention that would change the world, Francis Jehl would not rest. (Michigan, 1929.) L rj 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
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      561 11 Phillip CFD Special Feature THE CFD FORUM: Understanding it as a Specified Investment Product 9 CFD? 9 t Cl» ■v -0 CFD? Nonetheless, as with other leveraged products, CFD is a double edged sword. Although the potential profits are magnified, losses are also magnified if the market moves against the
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      261 13 ,y > m x -I, ■k V v O > < Your Returns are the Rewards for Your Golden Years Good investment returns can bring you closer to your goals. Whether it's enjoying a new hobby or spending more time with your grandchildren, careful planning and good returns can help
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      604 17 Wm* IBSP J.-• ...vim! Tv' 1 V > 4 m f v M mi MinH ■m 4Hfen ■isyiM:, i.m mmm IB mr- 1 |p>% The art of creating wealth in the new today. Introducing the LionGlobal New Target Return Fund by Lion Global Investors. Find out how to create wealth
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      26 20 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax
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