The Business Times, 2 December 2011

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Microfilm: NL31729
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Friday, December 2,
    23 words
  • Article
    Lock icon China PMI flashes red for economy
    619 1  -  Slowdown worse than feared, factories close and Beijing signals a change in direction By in VIRGINIE MANGIN in Beijing EVIDENCE is mounting that the economic slowdown in China may be even sharper than expected. China’s purchasing managers’ index (PMI) in the month just ended
    619 words
  • Article
    Lock icon For season parking, a squeeze in the city
    930 1  -  Some lease out lots at a premium, some offices resort to parking by ballot By MICHELLE TAN [SINGAPORE] A thriving trade in season parking space in the heart of the central business district (CBD) has sprung up highlighting the unquenched demand for
    930 words
  • Article
    Lock icon MARKETS DIGEST
    143 1 GST INDEX 2,761.88 (+59.42) GST INDEX FUTURES 2,753 (+59) GSIMSCI 314.71 (+7.29) GSIMSCI FUTURES 313.90 (+8.20) FOREX US$ S$ US$ (S$ per US$) 1.287 (US$/S$ per 1.565 2.014 EURO (US$/S$/E) 1.344 1.730 Foreign currency per US$ S$ YEN 77.60 60.30 RM 3.140 2.440 HK$ 7.776 6.042 BAHT 30.97
    143 words
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      71 1 MUSIC Jazz trumpeter Chris Botti’s horn of plenty PAGE 30 MARKET RALLY A short-term relief, say analysts PAGE 2 WINE The wine party to end all wine celebrations PAGE 31 EXECUTIVE LIFESTYLE Enterprising aspirants who dare to live their dreams PAGE 32 BREITLING fo BENTL.EY BENTLEY BARNATO RACING SGD 17,940
      71 words
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      14 1 FESTIVALS AROUND THE WORLD Rolex Sydney to Hobart Yacht Race PAGE 29 *****1 *****4
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      593 2 China PMI flashes red for economy EVIDENCE is mounting that the slowdown in China may be even sharper than expected. China's purchasing managers’ index last month fell for the first time in 33 months to 49, down 1.4 points. This comes on the heels of HSBC’s own manufacturing
      593 words
    • Article
      Lock icon Market rally a short-term relief, say analysts
      576 2  -  Concerted central bank action doesn’t resolve structural issues, they say By CONRAD TAN [SINGAPORE] Stock markets across Asia rallied strongly yesterday after the world’s biggest central banks took action to ease strains in financial markets caused by the crisis in Europe. In a
      576 words
    • Article, Illustration
      Lock icon Central banks take on market fears
      381 2  -  By EDWARD HADAS REUTERS BREAKINGVIEWS ALAN Greenspan, former chairman of the US Federal Reserve, used to claim it was better to mop up after financial collapses than try to prevent them. Today’s leading central bankers clearly think differently. Coordinated action by the Fed, the
      REUTERS  -  381 words
    • Article
      Lock icon Thai floods wash out Lloyd’s first Asia-only syndicate
      313 4  -  Temasek, NTUC Income among shareholders By KENNETH LIM [SINGAPORE] A year of natural disasters in the region has forced insurer Lloyd’s to stop taking business on its first Asia- and Singa-pore-based reinsurance syndicate, which counts Temasek Holdings and NTUC Income among its
      313 words
    • Article
      Lock icon MF Global S’pore plans partial return of clients’ funds
      342 4  -  Liquidators cite progress in recovery of segregated assets By KENNETH LIM [SINGAPORE] Liquidators of MF Global Singapore now plan to partially release customers’ segregated funds after reporting progress in recovering those assets. A further estimated US$142 million of segregated money has
      342 words
    • Article
      Lock icon Johor Premium Outlet ready for hordes of shoppers from today
      447 4  -  By NATALIE KOH [SINGAPORE] Cheap seafood and petrol aren’t the only things Singaporeans can look forward to across the Causeway now, as South-east Asia’s first Premium Outlet Center opens its doors in Kulaijaya, Johor Baru today. This Johor Premium Outlet,
      447 words
    • Article, Illustration
      Lock icon Scoot selects Sydney as first stop in its network
      564 4  -  No other budget carrier serves S’pore-Sydney route By LYNN KAN in Sydney SCOOT, Singapore Airlines’ (SIA) new wholly-owned long-haul budget carrier, has chosen Sydney as its first destination. The newest kid on the budget carrier block swoops into virgin territory, planting
      564 words
    • Article
      Lock icon Tame inflation to keep KL rate hike at bay
      544 4  -  By S JAYASANKARAN in Kuala Lumpur WITH inflation holding steady, economists do not expect Malaysia’s central bank to raise rates any time soon. In fact, a senior economist thinks that Bank Negara might actually cut rates next year as its focus
      544 words
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      192 2 Ready For Home Entertainment That's LARGER Than Life? Parrot BY S+ARCK >, J. ■B.rju> Kj L J Wi blllaffil I U iPhone A Wireless Stereo System $2688 designedbyPhilippeStarck UP $2999 Since our inception in 1998, we have commissioned over 7000 residential and commercial projects, from luxury yacht to 60-seat private
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      167 2 MACAU T H E RIGHT M I X O F BUSINESS LEISURE Macau is Asia's newest and most exciting destination for meetings and incentives with billions of dollars worth of new infrastructure underway. Nowhere in Asia has there been so much investment in large scale venues, accommodation, entertainment and attractions
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      152 3 A f PATEK PHILIPPE GENEVE i m yofir own tradition gin v ■I l 1 k Yo never actually own a rateK rnnippe. merely look after it for the next generation. r- w it K I 1 u 0 SI Cjw y ■r itij m H 3881 upj PI v;,y
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      556 5 Technology that advances luxury Audi ultra The future of automotive lightweight construction furtherLight goesAudi ultra lightweistruction technThe A Audi lightweighttion technoloiR construction technologyLe Mans.The Audi R18TD Lost weight, won Le Mans.The Audi R18TDI. Audi ultra More stringent safety requirements. More extensive equipment. Larger cars.hy new cars tend to be heavier
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  • COMPANY NEWS
    • Article
      Lock icon Olam to set up US$49m rice farming and milling facility
      483 6  -  The facility, located in Nigeria, will see operations commence in 2012 By FELDA CHAY OLAM International is investing US$49.2 million in its first rice farming and milling facility, which it said will be located in Nigeria and will deliver an
      483 words
    • Article, Illustration
      Lock icon DBS to launch new security token from Dec 15
      608 6  -  By CONRAD TAN DBS Group is launching a new security token that will offer added protection against increasingly sophisticated online and mobile banking threats. The new token will be distributed to all the bank’s customers starting from Dec 15. It resembles
      608 words
    • Article
      Lock icon SIA-Virgin Australia tie-up inches closer
      188 6  -  By JOYCE HOOI SINGAPORE Airlines (SIA) is closer to cementing its alliance with Virgin Australia after the proposed deal cleared the Australian Competition and Consumer Commission (ACCC) hurdle yesterday. This is the final regulatory approval that the airlines need to start codesharing and offering reciprocal
      188 words
    • Article
      Lock icon Boon Yang to balance both chairman posts
      637 6  -  AGM WATCH By LYNETTE KHOO By LYNETTE KHOO NEWLY appointed Singapore Press Holdings (SPH) chairman Lee Boon Yang has assured shareholders he will devote sufficient time and attention to steer the media group through the challenging times ahead. He was addressing the concern
      637 words
    • Article
      Lock icon Khazanah hires banks for healthcare unit’s US$1.5b IPO
      297 6 Deal could be the country’s fourthbiggest IPO ever Reuters [KUALA LUMPUR] Malaysian state investor Khazanah has hired Bank of America-Merrill Lynch, Deutsche, and CIMB as joint global coordinators for listing of its healthcare unit that could raise about US$1.5 billion, three sources
      Reuters  -  297 words
    • Article
      Lock icon Imas, LIA tie up with Swiss firm for fund info
      456 9  -  Service a boon for funds with wider ambitions; some local players stay out By KENNETH LIM A NEW initiative to improve access to investment fund information in Singapore may struggle to get smaller local fund houses to sign on, observers
      456 words
    • Article
      Lock icon Citi won’t cut investment banking staff
      483 9 Reuters [SINGAPORE] Citigroup Inc has no plans to reduce investment bankers in South-east Asia despite an expected drop in equity capital market volumes as clients have begun to eye the Asian assets of European companies, its regional head said. Citi added some six investment
      Reuters  -  483 words
    • Article, Illustration
      Lock icon Young Asian millionaires ‘like risk but not diversification’
      513 9  -  By SIOW LI SEN YOUNG, risk-loving, focused and active these describe the Asian millionaires. So don’t talk to them about diversification, says Tan Su Shan, DBS group head of wealth management. Ms Tan related that a Hong Kong client complained how private
      FILE PHOTO  -  513 words
    • Article
      Lock icon Property sector seen more resilient than in 2008/09
      480 10  -  Credit Suisse sees prime office rents to be ‘at worst, flat’ By MICHELLE TAN ASSET values are expected to be more resilient than in the 2008/2009 days and the situation within the office space may not be as gloomy as consensus paints
      480 words
    • COMPANY BRIEFS
      • Article
        Lock icon FSL Trust enters into deal for 6-year term loan of US$479.6m
        86 10 FIRST Ship Lease Trust (FSL Trust) has entered into a loan agreement with a syndicate of eight lenders for a six-year amortising term loan of US$479.6 million, secured against its current portfolio of 25 vessels. The new term loan
        86 words
      • Article
        Lock icon Thakral establishes 3-member investment committee
        71 10 THAKRAL Corporation Ltd has established a three-member investment committee to review investment proposals of the company and its subsidiaries. The investment committee has been given the mandate to approve any investments of up to S$4 million, to vary any material terms of an investment proposal
        71 words
      • Article
        Lock icon Sinostar PEC unit postpones buying rest of Dongming Runchang
        120 10 SINOSTAR PEC Holdings announced that its unit, Dongming Hengchang Petrochemical Co Ltd, has postponed the proposed acquisition of the remaining 49 per cent stake in Dongming Runchang Petrochemical Co Ltd, “due to the current unfavourable market conditions and uncertain economic outlook”.
        120 words
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      48 6 35%offtotalalacarte foodandbeveragebillatMinJiang@One-North (No. 5 Rochester Park) Savour an authentic Oriental fine-dining experience at MinJiang@One-North.PartofGoodwoodParkHotel'sgroupof fine-diningrestaurants,MinJiang@One-Northcelebrates The Business Times' 35th anniversary with an irresistible 35% discount on your total a la carte food and beverage bill. Promotion is from Saturday, December 3 to 18. THEBUSINESSTIMES th Anniversary Diningdeals BesuretogetacopyofTheBusinessTimesWeekendtomorrowformoredetails.
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      88 6 ALMATY Seoul Beijing Bangkok Kuala Lumpur Air Astana connects Far South East Asia to Kazakhstan 12 times a week (5 times a week from Beijing, 2 times a week from Seoul, 3 times a week from Bangkok, twice a week from Kuala Lumpur). Air Astana serves Kazakhstan from major gateways
      88 words
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      201 7 THE HOURGLASS Congratulates Our Partners in Winning the 2011 Grand Prix d'Horlogerie de Geneve Awards Founded in 2001 and headed this year by the Foundation of the Grand Prix d'Horlogerie de Geneve, the award is designed to recognise excellence, rewards the best creations and recognises the most outstanding personalities from
      201 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Central banks give fillip to stocks
      601 8  -  But ST Index finishes about 18 points off its intraday high as doubts remain STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) yesterday jumped 59.42 points or 2.2 per cent to 2,761.88, in response to overnight news of a coordinated effort by
      Source: Bloomberg  -  601 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Dec 1 VALUE CLOSE BT OB/OS -504.00 +231.0 BT CADI -*****.00 +155.0 BT 10-day MA -*****.00 -51.00 FTSE ST Mid Cap 601.00 +5.24 FTSE ST Small Cap 410.05 +3.79 FTSE ST All Share 660.42 +12.42 FTSE ST China Top 192.31 +5.00 FTSE ST China 227.25 +6.08 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME GMG R 332,098,000 Noble Grp 89,383,000 Genting SP 69,185,000 Golden Agri 53,810,000 SingXpress 39,182,000 Yanlord 36,730,000 GMG Global 33,477,000 HPH Trust US$ 31,602,000 Memstar 31,055,000 SingTel 25,057,000 VALUE($) Keppel Corp 109,467,811 Genting SP 107,523,414 Noble Grp 107,446,680 DBS Grp 78,306,370 SingTel 77,705,170 OCBC Bk 75,607,800 UOB
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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 10 2 2 0 0 0 10 2 2 Manufacturing 73 34 24 2 5 4 75 39 28 Commerce 29 10 11 5 4 2 34 14 13 Tpt/Stor/Comms 28 7 6
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon OKP Holdings
        409 8 Dec 1 close: $0.535 OCBC Investment Research, Dec 1 WE recently caught up with OKP’s management for an update of their outlook of 2012 and also as a check of our contract win assumptions for the next two years. From speaking with them, we understand that the group
        Source: Bloomberg  -  409 words
      • Article
        Lock icon Singapore Banks
        362 8  -  Compiled by JOYCE HOOI DBS Group Research, Dec 1 LOAN growth is starting to moderate. October 2011 domestic banking unit loan growth moderated to 29.8 per cent y-o-y, 6.5 per cent q-o-q and 0.3 per cent m-o-m. Both business and consumer loans were slower in October 2011 on
        362 words
      • Article
        Lock icon Glossary:
        135 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        135 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 32,209 32,209 151,738 151,738 Manufacturing 191,400 2,535 193,935 215,834 54 215,888 Commerce 128,709 9,996 138,705 212,141 752 212,893 Tpt/Stor/Comms 131,209 20,548 151,757 181,440 2,357 183,796 Finance 28,483 28,483 238,845 238,845 Construction 40,920 22,473 63,393 9,219
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 8 Stock name Close Change CapMallsAsia 1.280 +0.010 CapitaLand 2.580 +0.060 CapitaMall 1.775 +0.030 CityDev 10.190 +0.490 ComfortDelGro 1.405 +0.005 DBS Grp 12.810 +0.410 F&N 6.290 -0.070 GLP 1.820 Genting SP 1.540 +0.035 Golden Agri 0.715 +0.015 HK Land 4.780 +0.260 JMH 49.740 +0.260 JSH 29.330 +0.230
      113 words
    • Article, Illustration
      Lock icon Euro gains after Spain debt auction
      468 8 CURRENCIES Reuters [LONDON] The euro rose against the US dollar yesterday, encouraged by solid demand at a Spanish debt auction, although gains were expected to be limited ahead of next week’s summit of European Union leaders. Spain sold 3.75 billion euros (S$6.49 billion) of
      Reuters; REUTERS  -  468 words
    • Article
      Lock icon RISES
      120 8 BY CENTS CLOSE UP IS S&P500 ***** 703.7 4.6 GLD 10US$ ***** 456.7 2.1 DBXT MSKorea 10US$ 5521 405.2 6.1 Lyxor AsiaMT 10US$ 5274 304.9 4.7 DBXT SPASX200 10US$ 3236 253.4 6.5 DBXT MSEurope 10US$ 4072 234.1 4.7 DBXT FTChina25 10US$ 2697 232.8 7.2 DBXT MSAsExJp 10US$ 2866 154.4
      120 words
    • Article
      Lock icon FALLS
      122 8 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 4250-227.7 -4.0 DBXT iBoxxSing 5SG$ ***** -59.0 -0.5 Lyxor Nasdaq100 10US 922 -24.4 -2.0 Lyxor AsiaCS 10US$ 5145 -10.3 -0.2 DBS BP ePW*****2 30 -10.0 -25.0 F&N 629 -7.0 -1.1 STI 2750BPePW*****9 19 -7.0 -26.9 STI 2800BNPePW*****9 14.8 -5.2 -26.0 SakariBPeCW*****2
      122 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      33 9 lisiiSi m MM. mmm •,'V 1 Bladon holdall I travel for travel's sake. The great affair is to move Robert Louis Stevenson, writer Chrome tanned leather with solid brass hardware unni dunhill.com LONDON
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      252 words
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      Lock icon Page 10 Advertisements Column 2
      20 10 Beef Up Your Finances Call 1800 289 8822 I or e-mail notices@sph.com.sg to publicise your IPOs other offerings MATS NOTICES
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      185 10 fjffWHlGTG J PRAM *888? M PARTY J LBD J mmm tB** D »v 4 WIN 16 SETS OF BEAUTY PRODUCTS WORTH $214 29 SETS OF VAX'IN FOR YOUTH SERUM WORTH $134 MAKE UP STORE 20 SETS OF HAMPER WORTH $231 40 SETS OFRITCT REVE DE MIEL HAMPER WORTH $100 sPHmagazmes
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon New Asia focus will benefit both US, Singapore: envoy
      566 11  -  Bilateral ties will get deeper as the two nations believe in economic liberalism By LEE U-WEN THE United States’ foreign policy shift towards Asia will be a win-win for both America and Singapore because the two countries see eye-to-eye on nearly
      FILE PHOTO  -  566 words
    • Article
      Lock icon Sengkang Hospital to be completed in 2018
      311 11  -  By TEH SHI NING SENGKANG Hospital will be completed two years ahead of schedule in 2018 to meet public healthcare needs, the health minister said yesterday. This is part of the Ministry of Health’s (MOH) drive to hasten the building of new hospitals
      311 words
    • Article
      Lock icon I DM sector shows consistent growth
      508 11  -  Local tech firms have best showing yet in Deloitte programme By JOYCE HOOI THE days of the overweight security guard dozing off in front of a bank of monitors are numbered. Local firm KAI Square is marrying video surveillance with video analytics in a
      508 words
    • Article, Illustration
      Lock icon UAE seeks to replicate S’pore’s success in the Middle East
      541 11  -  By LEE U-WEN THE United Arab Emirates is keen to tap Singapore’s expertise and experience in key sectors such as health, education and security. And such is the federation’s high regard for Singapore that it regularly sends senior government officials
      541 words
    • Article
      Lock icon Oil services firm Knust-SBO opens S’pore plant
      235 11  -  By DOLLY CHIA KNUST-SBO announced the opening of its first facility in Singapore yesterday. It expects to be fully operational by the end of the first quarter of next year. The 50-year-old Hou-ston-based subsidiary of Schoeller-Bleckman Oilfield (SBO) Equipment is a precision machining
      235 words
    • Article
      Lock icon Chip Eng Seng set to clinch first hotel site
      671 11  -  RWS unit also among six bidders for Alexandra plot By KALPANA RASHIWALA A STATE tender for a hotel plot currently housing the former Safra building next to Ikea at Alexandra Road has drawn six bids. The top bid for the 99-year-leasehold
      671 words
    • Article
      Lock icon Saga of the guilt-ridden, nonvacationing S’porean worker
      483 11  -  By CHUANG PECK MING WORKERS from many other countries can’t afford to go on vacation because they lack the money for it. Singapore workers, on the other hand, don’t take holidays because they are tied down by work. “Globally, money is the most
      483 words
    • Article
      Lock icon Two days of parent-care leave for civil servants
      173 11 SOME 76,000 civil servants will get two days of parent-care leave a year to care for their parents and parents-in-law. The entitlement, which does not require medical certification, takes effect from Jan 1. “With a rapidly ageing population and smaller family units,
      173 words
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      71 11 SENNETT AVENUE sort after address District (16) IA Beautiful Detached House With A Strong Balinese Influence 3 level Detached House Freehold/ Fully Renovated 7 bedrooms maid's room Large family area 2 nd floor Terrace with Jacuzzi with East Cost View Outdoor patio, Alfresco Dining Car porch Land 5714 sqf Built
      71 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Growth running from slow to moderate in US
      692 12 Manufacturing growing at steady pace, says Fed survey AP [WASHINGTON] The US economy expanded at a slow to moderate pace in most areas of the country over the past two months, according to a Federal Reserve survey released on Wednesday. A modest
      AP; REUTERS  -  692 words
    • Article
      Lock icon Floods keep Thai inflation elevated in Nov
      352 12 Reuters [BANGKOK] Thailand’s inflation remained elevated in November as devastating floods pushed up prices, yet the increase was less than anticipated and economists still expect more interest rate cuts to support the disaster-hit economy. Annual headline inflation was steady at 4.19 per cent
      Reuters  -  352 words
    • Article, Illustration
      Lock icon Swiss Q3 growth slips on strong franc
      575 12 Reuters [ZURICH] Switzerland’s economy posted its weakest growth since mid-2009 in the third quarter as the strong Swiss franc hit exports and capital investment fell, potentially increasing pressure on the central bank to do more to weaken the currency. Swiss gross domestic product
      Reuters; REUTERS  -  575 words
    • Article
      Lock icon Aussie rate cut bets rise as home approvals dive
      404 12 Bloomberg [CANBERRA] Australian home-build-ing approvals unexpectedly plunged in October and retail sales growth slowed, snapping the local currency’s three-day advance as investors raised bets the central bank will cut interest rates next week. The number of permits granted to build or
      Bloomberg  -  404 words
    • Article
      Lock icon Taiwan moves to boost economy as polls loom
      535 12 It vows to increase exports, stabilise financial markets Reuters [TAIPEI] Top exporter Taiwan outlined measures yesterday to help its economy through a global slowdown, promising to boost exports and domestic consumption in a sign that Europe’s debt crisis and a faltering US
      Reuters  -  535 words
    • Article
      Lock icon Current global crisis worse than in 2008, warns China minister
      461 12 Reuters [BEIJING] The world economy is facing a worse crisis now than in 2008 and stimulating growth should be a priority for global policymakers, a Chinese vice-fi-nance minister said here yesterday. The comments by Zhu Guangyao marked the latest grim
      Reuters  -  461 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Indonesia’s Nov inflation at 19-month low
      505 13 Reuters [JAKARTA] Indonesia’s annual inflation fell in November to its lowest pace since April last year, giving the central bank more room to cut its benchmark rate again if it feels the global economic picture will get much worse. Annual inflation in November was
      Reuters  -  505 words
    • Article, Illustration
      Lock icon Petronas cautious after Q2 profit jumps 54% to RM18.3b
      655 13  -  It expects global recession next year to push oil prices to US$85-US$87 By PAULINE NG in Kuala Lumpur MALAYSIA’S Petroliam Nasional (Petronas) has posted a 54 per cent rise in net profit to RM18.3 billion for the second quarter ended September
      655 words
    • Article
      Lock icon Najib raises touchy race and religion issues at Umno meeting
      373 13 AFP [KUALA LUMPUR] Prime Minister Najib Razak cast Malaysia’s rising opposition as a threat to Islam and majority Malays yesterday in a speech at what is likely his ruling party’s last congress before the next polls. Mr Najib adopted the
      AFP  -  373 words
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      34 13 BE A DEVELOPER Australia Developer Seeking Joint Venture Partners Co-Development in Highest Growth Area Minimum Investment of AUD500K Potential Return 145% Developer visiting Singapore from 19-21 December -7753 L DA Land Developments Australia I
      34 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon India’s manufacturing growth slows in Nov
      450 14 PMI for Nov falls to 51 from 52 in Oct as export demand from West declines Bloomberg Reuters [NEW DELHI] India’s manufacturing growth eased in November, adding to signs of an economic slowdown even as capacity constraints stoke inflationary pressures. The Purchasing Managers’ Index
      Bloomberg; Reuters  -  450 words
    • Article
      Lock icon Traders strike against Delhi retail FDI plan
      417 14 Reuters [NEW DELHI] Tens of thousands of small shopkeepers went on strike across India yesterday to protest against a government decision to allow foreign retail giants such as Wal-Mart Stores Inc to enter the country’s US$450 billion retail market. Global supermarket groups see
      Reuters  -  417 words
    • Article, Illustration
      Lock icon Chinese company digs deep to secure US listing
      598 14 It avoids IPO with reverse merger and holding companies Reuters [YISHUI] A Chinese tourism company listed in the United States wants investors to pour their money down a dark hole literally. China’s “Underground Grand Canyon”, about an hour’s drive outside the smoggy
      Reuters; REUTERS  -  598 words
    • Article
      Lock icon Party’s over for China’s group-buying websites
      420 14 Dozens have shut, venture capital shunning industry Reuters [SHANGHAI] Faced with accusations of selling fake goods and competition from thousands of copycats, China’s frenetic group-buying sector is sobering up, with dozens of websites reportedly shut and venture capital shunning the industry. Group-buying websites provide
      Reuters  -  420 words
    • Article
      Lock icon China home prices fall 3rd month in a row in Nov
      454 14 Bloomberg [SHANGHAI] China’s home prices fell for a third month in November as developers started to cut prices to boost sales amid the government’s housing curbs, according to SouFun Holdings Ltd. Home prices dropped 0.28 per cent last month
      Bloomberg  -  454 words
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  • WORLD
    • Article
      Lock icon France-Spain bond sales win investor backing
      753 15 The two countries sell 8.1b euros of bonds, following central bank action Bloomberg [M AD RID] Spain and France sold 8.1 billion euros (S$14 billion) of bonds yesterday, sending yields lower across Europe, a day after six central banks jointly moved to reduce financing
      Bloomberg  -  753 words
    • Article, Illustration
      Lock icon Risks have worsened again: ECB chief Draghi
      604 15 Reuters [BRUSSELS] The new president of the European Central Bank (ECB) signalled yesterday that it is ready to take fresh steps to tackle the eurozone debt crisis, saying risks to the economy have grown and banking sector constraints bode ill for the coming
      Reuters; AFP  -  604 words
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      Lock icon Graft hurts efforts to heal Europe crisis: report
      462 15 AFP [BERLIN] Corruption is hampering efforts to tackle the eurozone debt crisis, a top anti-graft watchdog said yesterday, as Greece and Italy scored badly in a list of nations seen to be the most sleaze-ridden. The economic dramas in the euro area
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      Lock icon Manufacturing grows at fastest pace in 5 months
      476 15 ISM factory index increases to 52.7 from 50.8 in Oct LATEST US DATA Bloomberg Reuters [WASHINGTON] Manufacturing in the United States grew in November at the fastest pace in five months, showing factories will keep supporting the economic expansion through the end
      Bloomberg; Reuters  -  476 words
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      Lock icon Blackstone, Bain may bid for Yahoo with Asian partners
      597 15 Reuters [NEW YORK] Blackstone Group and Bain Capital are preparing a bid for all of Yahoo Inc with Asian partners in a deal that could value the Internet company at about US$25 billion, a source familiar with the matter said on
      Reuters  -  597 words
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      Lock icon France, Germany to contest top ECB post
      356 16 [FRANKFURT] France and Germany are battling for a key post at the European Central Bank (ECB) amid deepening differences over the role the bank should take in the eurozone debt crisis, sources say. Until now, Berlin had assumed its No 2 at the
      356 words
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      Lock icon Proposed Japanese consumption tax is test for prime minister
      721 16  -  Move is essential if Japan is to avoid a major fiscal crisis, say IMF and OECD By ANTHONY ROWLEY in Tokyo JAPANESE Prime Minister Yoshihiko Noda last night told the country to brace for an early decision on increasing the national
      AP  -  721 words
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      Lock icon Sales of Japanese, Korean cars rise in November
      596 16 Reuters [MUMBAI] Japanese car sales in November rose by more than 20 per cent for the second consecutive month thanks to a low comparison base from last year while South Korean carmakers saw strong growth in overseas sales more than make up
      Reuters; REUTERS  -  596 words
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      Lock icon 2011 shaping up to be vintage year for wine auctions
      290 16 Bloomberg [LONDON] A collection of Chateau Lafite Rothschild valued at £850,000 and a “super-lot” of Romanee-Conti estimated at as much as US$800,000 are among the December highlights as another record year of international wine auctions draws to a close. Global
      Bloomberg  -  290 words
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      Lock icon Olympus ex-CEO moves to oust board, reclaim job
      688 17 Woodford trying to cobble together new team but denies leading any buyout Reuters [NEW YORK] The former chief executive of disgraced Olympus Corp, Michael Woodford, launched a campaign yesterday to oust the board of directors, reclaim his old job and bring in
      Reuters; BLOOMBERG  -  688 words
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      Lock icon Goldman sees rally in commodities ahead
      500 17 Bloomberg [SINGAPORE] Goldman Sachs Group forecast that commodities may rally 15 per cent in the next 12 months, sticking with an “overweight” recommendation on raw materials and predicting that Brent crude may surge to the highest level since 2008. Commodities may gain as the
      Bloomberg  -  500 words
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      Lock icon Luxottica buys Brazil eyewear maker for 110m euros
      341 17 Reuters [MILAN] Italy’s Luxottica, the world’s No 1 eyewear maker, confirmed yesterday that it has agreed to buy Brazilian eyewear maker Tecnol for around 110 million euros (S$191 million) to increase its foothold in one of the world’s fastest-growing luxury markets. Following
      Reuters  -  341 words
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      Lock icon It’s a fight for survival in Asian banking
      752 18 Brokerage and advisory firms are chasing a shrinking pool of deals Reuters [HONG KONG] Newcomers to the broad Asia banking market are slugging it out in a fight for survival, facing a shrinking fee pool, fewer deals, and weak trading volumes. Some
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      Lock icon Arrests likely in US insider trading probe, say sources
      475 18 Some people at raided hedge funds may plead guilty [NEW YORK] A year after four hedge funds were raided as part of a sweeping probe into insider trading, US agents are ready to arrest as many as three people who worked
      475 words
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      Lock icon New UBS CEO grows into his job
      598 18 He gives 2 of his rivals for top job new responsibilities Reuters [ZURICH] UBS yesterday appointed Philip Lofts back to his former role as chief risk officer, removing Maureen Miskovic with immediate effect after less than a year in the job following the
      Reuters; REUTERS  -  598 words
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      31 15 SINGAPORE PROPERTY LONG TERM OPTIMISM Credo MD Karamjit Singh thinks the residential market looks promising for the next decade RICHA’S READY TO RISE GETYOUR COPYTODAY FROMALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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      528 16 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VICKERS BALLAS ASSET MANAGEMENT PTE LTD (In Members' Voluntary Liquidation) Reg No. *****0405N NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and
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      403 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ROCKWOOD PIGMENTS ADDITIVES PTE. LTD. (In Members' Voluntary Liquidation) Reg No. *****8898K NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 61, Rue De Rollingergrund L-2440 Luxembourg on
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      608 16 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF PLATINUM AC1 LIMITED (Co. Reg. No. *****6511E) NOTICE OF RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP (Pursuant to Section 290) At the Extraordinary General Meeting of the members of the above-named Company, duly convened and held at 20
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      368 16 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF M+A SINGAPORE PTE. LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) Co. Reg. No. *****5832M Extract of the minutes at the Extraordinary General Meeting of members of M+A SINGAPORE PTE. LTD. convened and held at 20 Cecil Street #12-02
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      365 17 MATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TANDON ENTERPRISE SINGAPORE PTE. LTD. COMPANY NO: *****7150K (IN CREDITORS’ VOLUNTARY LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting of TANDON ENTERPRISE SINGAPORE PTE. LTD. signed by the Representative of the Holding
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      693 17 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP.50) AND IN THE MATTER OF PRO-SHIPPING PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****9013M NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DULY CONVENED AND HELD AT 18/F GLORIOUS TOWER,
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      449 17 IN THE MATTER OF THE COMPANIES ACT (CAP.50) AND IN THE MATTER OF VS OIL PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****2652H NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DULY CONVENED AND HELD AT 18/F GLORIOUS TOWER, NO.
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      899 17 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF POLY ENGINEERS (PRIVATE) LIMITED (Company No *****0358K) (In Creditors' Voluntary Liquidation) TAKE NOTICE that a meeting of the creditors in the above-named company will, in pursuance of Section 296 of the above Act, be held at
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      415 18 OTTO MARINE SERVICES PTE. LTD. (Company Registration No. *****5659N) (Incorporated In The Republic of Singapore) S$500,000,000 MULTICURRENCY MEDIUM TERM NOTE PROGRAMME (THE "MTN PROGRAMME") Series No. 001 Tranche No. 001 S$100,000,000 Fixed Rate Notes Due 2013 NOTICE OF EXTRAORDINARY MEETING NOTICE IS HEREBY GIVEN that the Extraordinary Meeting of the
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      227 18 RAFFLES CONVERSATIONS 2 0 11 EDITI O N The diverse experiences of some of the most influential thinkers, corporate chiefs and social activists of the age THOMAS ARASI “Once a property such as this (Marina Bay Sands) opens, we hope we won’t close for the next 200 years. We are
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  • AVIATION/SHIPPING
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      Lock icon Boeing, labour union reach early settlement
      368 19 Reuters [SEATTLE] Boeing Co has made an early deal with its biggest union for a four-year contract extension, which if ratified would end the planemaker’s dispute with the National Labor Relations Board (NLRB) and ensure the new 737 MAX single-aisle plane is built in
      Reuters  -  368 words
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      Lock icon TRANSPORT STOCKS
      278 19 SGX '000 Dec 1 S$ +/-Vol CH Offshore 0.37 -0.03 26 Chuan Hup Hldg 0.20 unch 70 Cosco Corp 0.91 0.03 7996 CWT Ltd 1.03 0.02 189 Ezra Hldgs 0.89 0.03 4084 First Ship Lea 0.30 0.01 1295 Freight Links 0.06 unch 1120 Grand Banks unch unch 0
      278 words
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      Lock icon American could merge with US Airways
      821 19 The combined firm would surpass Delta and would rival United Continental AP [DALLAS] American Airlines, which is slipping farther behind beefed-up rivals United and Delta, could bulk up through a merger with US Airways. That idea has been floated before. But it’s more likely
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    • Article
      Lock icon Tanker returns climb as ship supply drops
      371 19 Bloomberg [LONDON] Returns for suezmax tankers able to haul one million-barrel cargoes of crude oil rose to a fourweek high as the supply of vessels shrank. Earnings climbed 6.6 per cent to US$16,382 a day, figures from the Lon-don-based Baltic Exchange showed on
      Bloomberg  -  371 words
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      Lock icon Pirates release ship but keep some hostages
      177 19 Reuters [SINGAPORE] Somali pirates released a chemical tanker owned by Singapore shipping company Glory Ship Management, but broke an agreement to release all the crew, keeping four South Korean seamen including the captain captive, the company said yesterday. MTGemini the 29,871-tonne chemical tanker,
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      Lock icon Airbus expects to maintain A380 deliveries in 2012
      619 19 Reuters [NEW YORK] Europe’s Airbus expects to maintain A380 superjumbo deliveries at 25 to 27 aircraft in 2012, unchanged from this year, as production edges up to three planes a month, sales chief John Leahy said. Airbus delivered 19 of the world’s
      Reuters; AFP  -  619 words
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      Lock icon LA port pilots who earn more than the city’s mayor, police chief
      700 19 Their annual pay of US$323,000 comes from harbour users Bloomberg [LOS ANGELES] Los Angeles’s highest-paid city employees get three-day weekends, 27 vacation days annually and an ocean view from their workplace. They are the port pilots, whose job
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  • EDITORIAL & OPINION
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      Lock icon TPP may help US score a big win over China in Asia
      1275 20  -  But it is to be seen how long Washington can hold out in excluding Beijing from the pact MALMINDERJIT SINGH Correspondent AT the recently concluded Apec (Asia-Pacific Economic Cooperation) meetings in Honolulu, Hawaii, a push by the United
      AFP  -  1,275 words
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      Lock icon Taxing the super-rich: why we don’t stick to logic
      849 20  -  THE BOTTOM LINE J. BRADFORD DELONG The writer, a former assistant secretary of the US Treasury, is professor of economics at the University of California at Berkeley and a research associate at the National Bureau for Economic Research Project Syndicate VIA
      Project Syndicate  -  849 words
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      Lock icon Getting R&D right
      493 20 EDITORIAL TECHNOLOGY has contributed crucially to Singapore’s rapid economic growth and quality of life. Indeed, the early adoption of cutting-edge technology, most notably information and communications technology (ICT), has long given this city-state a competitive edge that has enabled it to punch well above its weight in
      493 words
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      Lock icon Reit deals – some observations
      876 21  - Reit deals some observations By LEE KHA LOON The writer is head of the Standards and Financial Market Integrity division of CFA Institute for the Asia-Pacific region THE recent K-Reit acquisition of 87.5 per cent of Ocean Financial Centre from K-Reit parent company Keppel Land and whether the deal was
      876 words
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      Lock icon MAS should review use of ‘rental supports’ in Reits
      407 21  -  LETTERS TO THE EDITOR Bobby Jayaraman TO the ongoing real estate investment trust (Reit) governance debate reflected in the article “Examining the house that Reits built” (BT, Dec 1), I would like to add another important issue of “income or rental
      407 words
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      Lock icon Directors’ time commitment is the key issue
      501 21  -  Sovann Giang Executive Director Singapore Institute of Directors I REFER to the letter from Mak Yuen Teen, “Be pragmatic on issue of directorships” (BT, Nov 29). The debate so far may have led readers to think that the difference in opinion on the
      501 words
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      Lock icon Directors’ emoluments and Craft Print’s losses
      337 21  -  Alan Law YL Law and Co WE refer to your article “Craft Print posts full-year loss of $6.95 million” (BT, Dec 1). That the company posted record losses should not come as a surprise to anyone but the company. Since its listing in 2000,
      337 words
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      Lock icon Vote on OFC acquisition should have been by a poll
      199 21  -  Mak Yuen Teen I REFER to the report “Sale of KepLand’s Ocean Financial Centre stake to K-Reit surprises analysts” (BT, Dec 1). A K-Reit spokeswoman was quoted as saying that the poll request fell short of the requisite 10 per
      199 words
    • Article
      Lock icon SGX needs to relook its approach towards China Sky and Cacola
      572 21  -  Mano Sabnani THE Singapore Exchange (SGX) has rightly made changes to its rules and regulations to ensure better corporate governance at listed companies. In particular, it has moved to impose special reporting and other requirements on foreign-incorporated listed companies,
      572 words
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      103 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • SINGAPORE STOCKS
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      Lock icon SGX MAINBOARD
      8001 22 Transaction date: Dec 1 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 11.6 8Telecom 15.5 5.5 13.5 7.8 3.9 3.2 74.2 9.5 4.1 A-Sonic 5 +0.6 279 5 4.4 4.6 5
      8,001 words
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      Lock icon SGX CATALIST
      1575 23 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 12.1 t 800 Super 12.1 -0.6 6 12.1 12.1 12.2 13.5 4.7 4.5 4.7 21.6 5.5 2.5 t AA Grp 3.3 2.7 3.2
      1,575 words
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      Lock icon UNIT TRUSTS & FUNDS
      10089 23 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.15/ APS Alpha Fund (USD)!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.9932/0.9932 AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.58/ Aberdeen Asset Mgt Asia Limited American Opp 0.5999/ Asian Credit Fund
      10,089 words
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      Lock icon GLOBALQUOTE
      250 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A34 34 43 3.6 10.3 2.7 88.5 49 25.5 Genting HK US$ US28.5 +0.5 7149 29 28 28 28.5 1876.6 15 10 OGL Resources
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      Lock icon SGX ETF
      919 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 117 116.4 118.9 534.1 1261 856 CIMBAsean40 100US$ US1004 +59 10 1004 965 1004 1072 40.2 ***** ***** DBXT AUD
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  • FINANCE & COMMODITIES
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 24 In local curr In S$ In US$ dy yr dy yr dy yr Nov 30 Index Change Change Change Change Change Change World Preliminary 821.9 3.0 -8.4 2.3 -7.9 3.4 -7.9 EAFE Preliminary 679.1 2.3 -15.2 2.2 -13.9 3.3 -13.9 Europe Preliminary 1017.1 3.6 -13.0
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      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Nov 30 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.74 0.25 WTI (Near Mth) 100.42 0.64 Dubai (1-Mth F) 107.41 0.37 Tapis blend 118.09 0.02 Minas 115.49 0.02 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 96.47 0.89 Jet Kerosene 125.35 1.00 US$/barrel Opec Oil
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      Lock icon SGX FUTURES
      160 24 Dec 1 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 12 343.0 343.0 340.0 10 333 Feb 12 345.0 345.0 341.0 5 223 Mar 12 346.7 297 Apr 12 355.0 144 May 12 357.8 357.8 358.0 8
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      Lock icon LONDON METALS
      69 24 Nov 30 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2102.75 1984.25 3 months 2110.00 1996.00 Copper, Grade A (US$/tonne) Cash 7859.50 7464.50 3 months 7885.00 7490.00 Lead (US$/tonne) Cash 2091.00 1010.50 3 months 2110.00 2031.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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      Lock icon CHICAGO BOT
      107 24 Nov 30 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1131.75 1125.00 1146.00 1111.50 Mar 12 1141.00 1135.00 1155.25 1121.50 May 12 1151.00 1144.75 1164.75 1131.00 Jul 12 1159.75 1154.00 1174.00 1139.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 11 49.27
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    • Article
      Lock icon GOVERNMENT SECURITIES
      77 24 Dec 1 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 103.20 5-Year N*****0W 1.125 01.04.2016 102.34 10-Year NX*****X 2.250 01.06.2021
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      Lock icon SGX DERIVATIVES TRADING
      457 24 Dec 1 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4700 0 3256 Mar12 99.4050 0 3330 Jun12 99.3700 0 1051 Sep12 99.3500 0 650 EUROYEN TIBOR FUTURES Dec11 99.6725 99.6725 99.6725 99.6725 1 3633 Mar12 99.6625 0 1937 Jun12 99.6650 0 1440 Sep12 99.6625 0
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      Lock icon SMX MARKET UPDATE
      138 24 As on 30 November 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METALS GOLD FUT FEB2012 1,753.60 1,705.60 1,750.60 241 SILVER FUT MAR2012 32.905 31.145 32.820 108 CURRENCY AUD-USD FUT DEC2011 1.0274 .9923 1.0229 2264 EUR-USD FUT DEC2011 1.3532 1.3262 1.3436 6695 GBP-USD FUT
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      Lock icon LIFFE
      82 24 Nov 30 COCOA (£/tonne) Close Prev High/Low Dec 11 1440 1460 1465/1420 Mar 12 1465 1483 1489/1445 May 12 1481 1499 1505/1461 Jul 12 1496 1514 1518/1479 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1944 unch 1944/1944 Jan 12 1961 1950 1975/1919 Mar 12 1997 1983 2008/1955 May 12
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2116 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 55 49.00 29 ASJ Hldgs W*****1 0.1 1 4 24 33.00 2 AlliedTech W*****2 1.7 1 4 23 Aztech Grp W*****3 0.2 1 20 124
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 24 Dec 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.039 6.487 0.758 7.919 52.572 92.628 0.791 11.473 3.197 1.314 90.301 44.084 1.311 8.326 0.930 30.688 31.541 0.651 1.018 Canada 0.962 6.240
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    • Article
      Lock icon SIBOR
      82 24 Dec 1 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon PRECIOUS METALS
      140 24 Dec 1 GOLD (US$/oz) Nov 30 Dec 01 Hong Kong 1710.00 1745.40 Nov 29 Nov 30 London 1708.70 1745.25 1709.45 1746.45 Source: Thomson Reuters Source: Reuters CAST BAR Dec 01 (S$) Selling Buying Kilobar 77,413.43 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 173 72 5gm 492 361
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    • Article
      Lock icon PALM OIL
      57 24 Dec 1 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 11 3005 3040 3040 3025 626 1879 Jan 12 3053 3062 3075 3048 2474 ***** Feb 12 3055 3058 3078 3046 8767 ***** Mar 12 3051 3058
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      Lock icon STOCK INDEX FUTURES
      24 24 Dec 1 Open High Sett STI Dec 2753 SIMSCI Dec 305.6 317.1 313.9 Taiwan Dec 246.2 260.4 257.7 Source: SGX Derivatives
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 24 Dec 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3099 1.3113 1.0183 1.0186 Canadian dollar 1.2603 1.2614 0.9797 0.9798 Euro 1.7289 1.7307 1.3440 1.3443 NZ dollar 0.9971 0.9982 0.7751 0.7754 Sterling pound 2.0133 2.0156 1.5651 1.5656
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      Lock icon US$/S$ FORWARD RATES
      22 24 Dec 1 S$ Bid Offer 1-month 1.2864 1.2874 2-months 1.2863 1.2873 3-months 1.2859 1.2870 6-months 1.2839 1.2852 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 As at 9am Dec 01 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.346 1.282 Can dollar 1.285 1.236 Euro 1.76 1.693 Sterling pound 2.056 1.977 NZ dollar 1.027 0.979 US dollar 1.305 1.255 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      154 24 Dec 1 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 3/16 2-months 5/16 3/16 3-months 5/16 3/16 Overnight mode: 0.01 US$ 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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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    4592 25 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
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  • Page 25 Advertisements
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      26 25 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? To All Shipping Advertisers: Please call Joe Wong at 9620 1327
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      Lock icon Page 26 Advertisements Column 1
      185 26 Shipping lines seeking reliable logistics partners Can they find your services Here in the Shipping Times? R rgently n cl cfl oy shipp rs n they find your servici re in the Shipping Time THE BUSINESS TIMES SHIPPING TIMES FOCUSING ON RESULTS 4.^ a All these years, SPH has successfully
      185 words
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  • Page 28 Miscellaneous
    • Miscellaneous
      Lock icon Page 28 Miscellaneous Column 1
      333 28 CRYPTIC CROSSWORD Across 1 Rough tune heard from this pirate (7) 5 Entertaining a thought (7) 9 Right one to scrutinise one joining (5) 10 Many soldiers strike irregular force, one showing courage (9) 11 Batty admirer, would-be lover, non-U type is set up by him (10) 12 Football team
      333 words
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  • Page 29 Advertisements
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      189 29 ASCOTT KUALA LUMPUR 2011 ESCAPADE PROMOTION RATES STARTING FROM MYR 360 Need a holiday? Take time off from your routine and enjoy our 2011 Escapade offers at Ascott Kuala Lumpur. The Suria KLCC shopping mall, ritzy restaurants and chic cafes are right at your door step. Let us lavish you
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      237 31 Harvey Nmnian COFFEE COOKING CONCEPT STORE Discover CHB Arc cooKing •AGGENAU w At Coffee and Cooking Concept Store, the array of stylish quality built-in appliances may just ignite your passion to explore the fine art of cooking. 5^ 8 *>°t »DieW*i 1 ft /uto. HI 110 A 8 Chef Michael
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  • executive lifestyle
    • Article, Illustration
      Lock icon LIVING THE dream
      1769 32  -  For local actress Michelle Chong and musician Kelvin Tan, chasing their muse has led them to realise their cherished dreams, writes DYLAN TAN Michelle Chong, actor-producer Despite already being a household name on television, popular local actress Michelle Chong wasn’t ready to rest on her laurels when
      PHOTO-ILLUSTRATION: MOHD KHAIRIE; PHOTOS: KELVIN TAN BY WENG PIXIN; ALREADY FAMOUS STILLS FROM HUAT FILMS  -  1,769 words
    • ARTS
      • AROUNDTOWN
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          Lock icon Fashion double-whammy for charity
          240 27 WITH the Christmas season just around the corner, now is the perfect time for you to refresh your wardrobe. And come this weekend, a charity drive by Cozycot, and a charity sale by Unifem Singapore gives you the perfect opportunity. Women’s lifestyle site, Cozycot, is callingfor
          240 words
        • Article, Illustration
          Lock icon Masterpieces by master potter's students
          165 27 If you missed highly esteemed potter, Iskandar Jalil’s (left) final exhibition in October, don’t despair, because Art-2 Gallery is now housing works by students whom he has personally mentored. Titled Raw Interpretations, the showcase features 120 clay works from Temasek Potters studio of which Jalil
          165 words
        • Article
          Lock icon Cartoon workshops for children
          220 27  -  Compiled by NATALIE KOH Let the inner artist in your child burst forth with Up Against The Wall! A Visual Adventure with Scott Walker, a British-based cartoon artist, where children will have the chance to participate in fun and interactive art workshops at ION Gallery. Presented
          220 words
      • Article, Illustration
        Lock icon Brushes with a sculpted canvas
        770 27  -  Indonesian artist Ketut Moniarta goes against the grain to carve out new perspectives, rites NATALIE KOH IT’S hard to decide whether to call Indonesian artist Ketut Moniarta’s works paintings or sculptures there are objects painted on them and they hang off the walls just like
        PHOTOS: ART SPACE  -  770 words
      • Article, Illustration
        Lock icon Demons seethe within
        842 27  -  By NATALIE KOH WATCHING a play housed in the second floor of a cafe usually sends off warning bells. You automatically assume it’s going to be a low-budget, low-quality, and uncomfortably low-ceilinged piece. But that certainly wasn’t the case for Can’t Stand Up For Falling Down by
        SKINNED KNEE PRODUCTIONS  -  842 words
      • Article, Illustration
        Lock icon Well-heeled mob Art Basel Miami
        747 27  -  By PAULA BUSTAMANTE AFP MIAMI, once known mostly for its abundance of palm trees and bikinis, is forging a new identity as a world arts capital as it hosts the Art Basel fair, attracting collectors and aficionados from around the globe. Beginning yesterday and running
        AFP; PHOTOS: BLOOMBERG, AP  -  747 words
    • CINEMA
      • Article, Illustration
        Lock icon Shards of a broken life
        635 28  -  DVD REVIEW By CHRISTOPHER LIM YOU may have heard about the New York Film Critics Circle dubbing Brad Pitt Best Actor on Tuesday for his role in The Tree of Life, which might make you assume that he drives the film. He doesn’t. That’s not
        PHOTOS: TWENTIETH CENTURY FOX  -  635 words
      • Article, Illustration
        Lock icon Reaper at the box office
        628 28  -  An arthouse movie and a rom-com premised on the dreaded C-word are both spot-on, reviews DYLAN TAN AT ONE point, cult indie filmmaker Gus Van Sant’s name was thrown into the hat to direct The Twilight Saga: Breaking Dawn Part 1. Although he didn’t land
        PHOTOS: SUMMIT ENTERTAINMENT; PHOTOS: SONY PICTURES  -  628 words
      • Article, Illustration
        Lock icon Graphic novel sparkles on screen
        606 28  -  By DYLAN TAN IT’S not difficult to see why Taiwanese films are making a comeback, both domestically and in the region, with the likes of gangster drama Monga, romantic comedy Taipei Exchanges and Cape No 7, and the recent teen comedy You Are The Apple
        606 words
    • FESTIVALS AROUND THE WORLD
      • Article, Illustration
        Lock icon Going against the elements
        934 29  -  The annual Rolex Sydney to Hobart Yacht Race, which kicks off on Boxing Day, is a test of nerves and seamanship. By LYNN KAN Brought to you by Ascott IN an age of high-speed everything, flying is the favoured mode of travel for urbanites. Mention other
        TOURISM NSW  -  934 words
    • ENTERTAINMENT/BOOKS
      • Article, Illustration
        Lock icon Flawless flourish
        1097 30  -  Critically acclaimed jazz trumpeter Chris Botti’s horn of plenty in his last two albums is just a foretaste of his Dec 8 gig here, writes CHRISTOPHER LIM This is Chris Botti Chris Botti Universal Rating: B Chris Botti In Boston Chris Botti Columbia Rating: B+ LOOKING at Chris
        1,097 words
      • Article, Illustration
        Lock icon iControl, therefore iAm
        799 30  -  By CHRISTOPHER LIM Steve Jobs Walter Isaacson Little, Brown 630 pages $42.50 Rating: B+ BIOGRAPHIES of colourful individuals often sell well, but that sort of appeal doesn’t account for the trajectory of Walter Isaacson’s biography of late Apple chief executive Steve Jobs towards being crowned onlinebookstoreAmazon’stopselleroftheyear –aretail
        AFP  -  799 words
      • Article, Illustration
        Lock icon Hole up in the Batcave
        486 30  -  GAMING REVIEW By LEE KIM SIANG THE Dark Knight returns. The sequel to 2009’s Batman: Arkham Asylum is bigger, bolder and best of all, better than the first game in almost every respect. While the first game featured about half a dozen villains from the
        486 words
      • Article, Illustration
        Lock icon Victualled to victory
        657 30  -  By CHEAH UI-HOON SWAP the rat in Pixar’s award-winning Ratatouille for a Mumbai-born chef, a la the Oscar-sweeping Slumdog Millionaire, and that’s The Hundred Foot Journey in a nutshell. Veteran journalist Richard Morais’s debut novel dishes up an entertaining story with the flair of a seasoned chef
        657 words
    • WINE
      • Article, Illustration
        Lock icon Partying with 200 growers
        1092 31  -  The Paulee de Meursault is the wine party to end all wine celebrations at the end of the Burgundy harvest. With over 800 wine lovers, it is the greatest and most enjoyable toast in the world, writes N K YONG SOME months ago in June this
        PHOTOS: BLOOMBERG, N K YONG  -  1,092 words
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