The Business Times, 3 November 2012

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Total Pages: 50
1 20 The Business Times
  • 16 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| g| NOVEMBER 3-4, 2012 S$1.00| S$1.00| MICA (P) 075/08/2012
    16 words
  • 37 1 EARNINGS NOSEDIVE SINGAPORE Airlines’ second-quarter earnings plunged 54 per cent and the airline has unveiled plans to ground one of its 13 freighter jets as losses at its cargo unit trebled. 2
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  • 41 1 TOURISM HAVEN JOHOR’S untapped Desaru coast is to be transformed into a high-end tourism haven, replete with two championship golf courses, water theme parks, a convention centre, four premium hotels and a host of other amenities. 4
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  • 60 1 NO EVIDENCE CLAIM LAWYERS for former anti-narcotics chief Ng Boon Gay sought to dismiss all charges against him after prosecutors closed their case yesterday, saying there was “no sex for contracts” since they had failed to produce evidence to prove corruption and that the evidence
    60 words
  • 855 1 Rosy economic data point to a steadily improving US employment picture Reuters AP AFP Washington IN the last jobs report before next week’s election, US employers added 171,000 jobs in October and hiring was stronger over the previous two months than first
    Reuters; AP; AFP  -  855 words
  • 1049 1  -  By Joyce Hooi joyceh@sph.com.sg Singapore THE world might be a harsher place post-2009, but an employee pushback against the grind has started. Previously stigmatised, the spillover of the personal into the professional is being celebrated instead, as some businesses sanction an increasing number
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  • Page 1 Advertisements

  • TOP STORIES
    • MARKETS
      • 57 2 GSTI 3,040.75 (+14.14) GSTI FUTURES 3,039.00 (+14.00) GSIMSCI 343.79 (+1.59) GSIMSCI FUTURES 343.40 (+1.30) Friday Change KL COMP 1,656.13 –19.56 NIKKEI 225 9,051.22 +104.35 HANG SENG 22,111.33 +289.46 SET 1,306.60 +8.61 JAKARTA 4,338.89 +3.53 MANILA Closed KOSPI 1,918.72 +20.28 SHENZHEN B 609.83 +7.24 MUMBAI IND 18,755.45 +193.75 12.30 EDT
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      • 29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.403 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.52 INDIA 14.50 Source: Bloomberg
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      • 48 2 us$ s$ US$ (S$ per US$) 1.222 (US$/S$ per 1.609 1.967 EURO(US$/S$/€) 1.290 1.576 Foreign currency per US$ S$ YEN 80.30 65.80 RM 3.053 2.498 HK$ 7.750 6.343 BAHT 30.73 25.15 RUPIAH 9,628 7,880 RENMINBI 6.242 5.108 INDIAN RUPEE 53.67 43.92 A$ 0.963 0.788 NZ$ 1.210 0.991
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    • 573 2  -  Plans to ground one of its 13 freighter jets for almost 18 months By Ven Sreenivasan ven@sph.com.sg Singapore SINGAPORE Airlines has recorded a 54 per cent plunge in sec-ond-quarter earnings and unveiled plans to ground one of its 13 freighter jets as
      573 words
    • 548 4  -  First phase of this development, handled by Khazanah Nasional’s investment vehicle, will be completed in 201 5 By Pauline Ng btworld@sph.com.sg Kuala Lumpur PLANS are afoot to transform Johor’s untapped Desaru coast into a high-end tourism haven, replete with two championship golf courses, water
      548 words
    • 637 4  -  By Felda Chay feldac@sph.com.sg Singapore ACTING Manpower Minister Tan Chuan-Jin reiterated yesterday that there would be no turning back on the current policy to limit the influx of foreign workers, but said that the government would track the situation. Speaking to reporters on
      637 words
    • 1062 5  -  ‘No sex for contracts’, say Ng’s lawyers; also, evidence of key prosecution witness Sue is ‘manifestly unreliable’ ng boon gay trial By Grace Leong gleong@sph.com.sg Singapore LAWYERS for former anti-narcotics chief Ng Boon Gay sought to dismiss all charges against him
      1,062 words
    • 999 6  -  Handing over the reins has been smooth but his successor will have his work cut out for him By Neeta Lal btworld@sph.com.sg New Delhi INDIA’S most chronicled industrialist, Ratan Naval Tata, 74, is preparing to hang up his boots a few weeks
      FILE PHOTOS  -  999 words
    • 876 7  -  Banks face multi-billion-dollar regulatory fines as well as private actions over rate-setting scandal By Neil Behrmann btworld@sph.com.sg London BARCLAYS Bank’s latest regulatory fines illustrate the degree to which the Libor ghost could come to haunt banks and others. In August, Macquarie Bank estimated
      PHOTO: GUARDIAN CARE HOMES LTD VIA BLOOMBERG  -  876 words
    • 844 8  -  Some feel that the race should be cancelled post-Sandy, but officials see it as an early step in the city’s recovery By Anna Teo anna@sph.com.sg Singapore IN the aftermath of Superstorm Sandy, one question for New York City emerged that quickly got as deadly
      PHOTO: AP  -  844 words
  • Page 2 Advertisements
    • 117 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-15 From the Desk of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show Me The Money 33 House Hunt 34 Real Estate 35 LIVING Cover story L2-4 Style L5-6 Dining L7-8 CEOs’
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  • Page 3 Advertisements
    • 56 3 BURBERRY.COM >A>X S*N 'V. il r ■m. i ■••AV. V‘V*^A\V--mx 4Se>< sws ite fc 9i •feV I IV-K-v-.’.; ■>.*. 1. i > tv, ■Stsr P\v.\ V' life'# .tf-.V-;: P 9- i'UiUV^'.w; mwm »3 ONDON san in MiwPr ■X m ‘XSbsS ;-!|Sa ORCHfeXRD 65-65 l li A(i(),N 65-6887 IV ***** 603
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  • Page 5 Advertisements
    • 94 5 The XZQX Sale ENDS SOON! Itaca Save On Sofas Sale P Our 1 11 Made in Italy Rlower, Isabel. Ki NICOLETTIHOME* Exclusively By XZQT Come Checkout Our New Collections Offers Luxurious Leather Sofas Domus Uncompromised Quality Grace California Maratea XZQX It's Simply Executive! THE EXECUTIVE HOME STORE www.xzqt.com.sg XZQT ION
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  • Page 7 Advertisements
    • 67 7 SINGAPORE —SWEEP— 1 st prize $2,200,000 2» PRIZE $500,000 3» PRIZE $250,000 SNOWBALLEIcffo $1,050,000 a I 5 a) $2.2 Million 1st Prize PrliE 5% RE $500,000 3rd Prli? $250,000 Draw No. 11/2012 r- 8 M?55 flg'aflj 4 S3 s3 DRAW ON WEDNESDAY, 7 NOVEMBER 2012 p L A Always play
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  • Page 8 Advertisements
    • 543 8 v* NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SCINTRONIX CORPORATION LTD. (Incorporated in the Republic of Singapore) (Company Registration Number *****1719E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Scintronix Corporation Ltd. (“Scintronix” or the “Company”) will be held on 16 November 2012
      543 words
    • 317 8 IN THE MAHER OF THE COMPANIES ACT, CAP. 50 AND IN THE MAHER OF SINO AUTOMOBILE PTE. LTD. (In Voluntary Liquidation) (Company Registration No. *****6685H) NOTICE OF RESOLUTION At the Extraordinary General Meeting of the members of SINO AUTOMOBILE PTE. LTD. which was deemed to have been duly held on
      317 words

  • WEEK IN REVIEW
    • THIS WEEK Oct 29-Nov 2, 2012
      • 54 9 THE number of private homes in Singapore bought by Chinese citizens in the first nine months of this year has fallen to half the figure for the same period last year. Malaysians and Indonesians the other two major groups of foreign home buyers
        54 words
      • 49 9 MORE direct investments from the United States are likely to come Singapore’s way as American companies reinvest a bigger chunk of their profits in holding companies abroad. Cumulative investments rose by US$12.31 billion last year to US$116.62 billion in book value.
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      • 59 9 WHILE cooling measures kept home prices in check, the industrial property market kept racing away and registered a hike for the 12th consecutive quarter. According to the Urban Redevelopment Authority, the industrial property price index rose 8.8 per cent in Q3 to 183.3,
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      • 50 9 WALL Street was deserted on Monday as the stock markets were closed ahead of Hurricane Sandy’s arrival. The New York Stock Exchange, the Nasdaq and all major futures and options exchanges may not reopen until the storm has passed on Wednesday.
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      • 73 9 AUSTRALIA’S skies will never be the same again. In a series of stunning moves which could expand Singapore Airlines’s footprint in Australia and put pressure on Qantas, the Singapore carrier is buying 10 per cent of Brisbane-based Virgin Australia. EXPANDING DOWN UNDER
        PHOTO: BLOOMBERG  -  73 words
      • 67 9 THE resilience of Singapore’s domestic sectors has helped the country avoid the usual sharp plunge in this latest, muted downturn, and is set to anchor growth in 2013 too. But the strength of sectors such as construction, health care and education services has also exacerbated
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      • 67 9 THE headline numbers tell only half the story. On its own, the jobless rate provided cheer, dipping from 2 per cent in the previous quarter to a seasonally adjusted 1.9 per cent in September, near its all-time low of 1.7 per cent. But this
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      • 39 9 US stocks mostly rose as the New York Stock Exchange reopened after its first two-day weather- related closure since 1888. Some streets remained flooded, while subways and commuter trains were not running.
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      • 49 9 SINGAPORE Airlines and Virgin Australia had better keep that champagne on hold for now. Barely a day after the surprise announcements which could shake up Australian skies, there are already questions being raised about its impact on competition in the domestic aviation market.
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      • 51 9 TWO sets of data came out on Thursday confirming that China’s economy is bottoming out. One was the Purchasing Manager’s Index for October, which rose past the 50-point benchmark (which separates a pick-up in activity from a slowdown) to 50.2 against 48.9 in
        51 words
      • 77 9 THE rate of job creation may be halved as Singapore moves to grow its economy through a more productive workforce, said labour chief Lim Swee Say on Thursday. In fact, the government wants to see jobs created at the rate of 2
        77 words
    • 68 9 US DATA Nov 5 Institute of Supply Management Non-Manufacturing Index for October Nov 7 Energy Information Administration Petroleum Status Report Nov 8 International trade data for September Nov 9 Preliminary consumer sentiment data for November CHINA DATA Nov 5 Hong Kong Purchasing Managers’ Index EVENTS
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  • Page 9 Miscellaneous
    • 323 9 Across 1 Penelope in Some Like It Hot? (5) 4 Claimant’s ugly pet (9) 9 At home with dishonest office-holder (9) 10 Good German car? Spanish designer! (5) 11 Where sleeper may find overnight accommodation (7) 12 In retirement boxer is the opposite of romantic (7) 13 Wet blanket getting
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    • 3 9 SATURDAY with Ludwig
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  • RAFFLES CONVERSATION
    • 2508 10 / 11  -  In over 11 years at the helm of watchmaker IWC, Georges Kern has built up its presence in America, Asia and other parts of Europe, and sealed its reputation for watch engineering. By Chuang Peck Ming By Chuang Peck Ming peckming@sph.com.sg PEOPLE in the watch industry here
      PHOTO: ARTHUR LEE  -  2,508 words

  • COMPANY NEWS
    • 640 12  -  Insurance giant yet to decide on use of the one-off gain, without which net was $1 98m By Siow Li Sen lisen@sph.com.sg Singapore GREAT Eastern Holdings (GEH) yesterday said third-quarter earnings skyrocketed to $620 million due to a sale of
      BT FILE PHOTO  -  640 words
    • 516 12  - SingLand’s Q3 net rises but parent UIC’s profit falls 1 6% By Mindy Tan tanmindy@sph.com.sg Singapore SINGAPORE Land reported a one per cent increase in Q3 net profit to $57.0 million, from $56.6 million a year ago. Revenue for the three months ended September slipped 12 per cent to $152.5
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    • 490 13  -  Lower sales of scrap materials, less customer compensation to blame By Lynn Kan lynnkan@sph.com.sg Singapore COSCO Corporation (Singapore) reported net profit for the third quarter of $26.6 million that was down 17 per cent from $32.2 million in the same quarter last
      490 words
    • 399 13  -  By Ronnie Lim ronnie@sph.com.sg Singapore AS IT had earlier warned, Rotary Engineering yesterday reported a net loss of $66.19 million for the third quarter, with this dragging the specialist oil gas contractor down to a net loss of $62 million for the first
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    • 343 13  -  By Lynn Kan lynnkan@sph.com.sg Singapore KEPPEL Corporation’s conversion arm Keppel Shipyard will embark on a “breakthrough” floating liquified natural gas vessel (FLNGV) conversion project that is valued at an estimated US$600 million. Golar LNG, whose chairman is Norwegian billionaire tycoon John Fredriksen, said
      ST FILE PHOTO  -  343 words
    • Business briefing
      • 77 13 Millennium Copthorne Q3 profit down 47.5% MILLENNIUM Copthorne Hotels posted a net profit attributable to equity holders of £30.7 million (S$60.4 million), a 47.5 per cent decline from £58.5 million a year ago. Total revenue fell 21.1 per cent to £191.2 million, from £242.4 million over the same period. Revenue
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      • 50 13 THE AIA Group has appointed Singapore’s former foreign minister George Yeo as an independent non-executive director. A Member of Parliament from 1988 until last year, he is currently the vice-chair-man of the Kerry Group (HK) Pte Ltd and chairman of Kerry Logistics Network Limited.
        50 words
    • 630 14  -  Results boosted by higher service revenue and equipment sales By Joyce Hooi joyceh@sph.com.sg Singapore STARHUB posted a 27 per cent increase in net profit at $96.2 million for the third quarter ended Sept 30, 2012, after the market closed yesterday. Operating revenue
      PHOTO: BLOOMBERG  -  630 words
    • 384 14 Bloomberg Singapore GLOBAL Logistic Properties (GLP) rose to a record high after the unit of Government of Singapore Investment Corp, the republic’s sovereign wealth fund, said it plans to raise 209 billion yen (S$3.2 billion) from the sale of its Japanese warehouses.
      Bloomberg  -  384 words
    • 959 15  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent WALL Street’s closure on Monday and Tuesday due to Hurricane Sandy played a part in trading here as it robbed the local market of direction. This is because daily trading in these parts is not just dictated
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  • Page 14 Advertisements
    • 25 14 LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WW1M.HOTFM.SG I FACEBOOK.COM/HOTFMSG I J* HOTFMSG
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  • Page 15 Advertisements
    • 30 15 WAR3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices cf ■o Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices BSATS3 NOTICES CLA/FEB1 1/g
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    • 167 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CAMBODIA CARE CENTRE LIMITED Co. Reg. No. *****2236R (IN MEMBERS’ VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap. 50, that a Final General Meeting of
      167 words
    • 130 15 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF TS DEVELOPMENT PTE LTD (In Members’ Voluntary Liquidation) Reg No. *****0794W (“the Company”) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of
      130 words
    • 236 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CHRIST WATER SINGAPORE PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO REGN: *****8695M NOTICE OF FINAL MEETING To the contributories:Notice is hereby given pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting
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    • 167 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SEMITOOL (ASIA) PTE LTD Co. Reg. No. *****0669N (IN MEMBERS’ VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap. 50, that a Final General Meeting of
      167 words
    • 160 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 and IN THE MATTER OF GRENIDEA TECHNOLOGIES PTE LTD Company Regn No *****6883G (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed Company, which is being wound up voluntarily, are required on or before 3 rd DECEMBER
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  • FROM THE DESK OF
    • 855 16  -  They are crucial to any social media operation and will be the industry’s next stage of growth FROM THE DESK OF Ryan Lim Founder Business Director, Blugrapes LAST year, several prominent social media companies went IPO in succession LinkedIn (May), Groupon
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  • SINGAPORE NEWS
    • 435 17  -  But they’ll start looking for sites via government land sale tenders only from next year By Mindy Tan tanmindy@sph.com.sg ON the coattails of the launch of their maiden project called The Landmark in Penang, Boon Siew Group (BSG) and Katana Developments are
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    • 380 17  -  By Angela Teng angeteng@sph.com.sg DIGITAL news may have gained currency in Singapore, but newspapers remain the main source of daily news. On an average monthly basis, more than two in five people (42.7 per cent) aged 15 and above
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    • 510 17  -  By Ronnie Lim ronnie@sph.com.sg CONSTRUCTION of ExxonMobil’s second Singapore petrochemical complex costing some US$5 billion to US$6 billion which was earlier delayed is “doing well” and “coming right along”, with mechanical completion of the main upstream cracker plant expected by next month,
      510 words
    • 1276 18  -  The company is building on its world-famous medicated oil brand By Cheryl Nio Yi Hui, Jason Teh, Yuan Lu The writers are students at NUS Business School WHEN Tan Jim Lay, a descendant of philanthropist Tan Quee Lan, bought the rights to Eagle Brand
      FILE PHOTO  -  1,276 words

  • Page 18 Advertisements
    • 60 18 The National Council of Social Service is recruiting an Executive (Family Service Centre) Rolls-Royce is hiring a Human Resource Business Partner Thales Solutions Asia is looking for a Quality Engineer Jurong Health has positions open in the Nursing department MSD has a vacancy for the position of ADC Analytical Chemist
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  • WORLD
    • 759 19 But the device attracts smaller crowds than at the firm’s previous global rollouts Reu ters Sydney APPLE fans lined up in several Asian cities to get their hands on the iPad mini yesterday, but the device, priced above rival gadgets from Google and
      Reuters; PHOTO: REUTERS  -  759 words
    • 461 19 Reuters Beijing HONDA Motor Co Ltd’s China car sales plunged 54 per cent in October from a year earlier, with the pace of decline accelerating from the previous month as Japanese carmakers suffer the backlash from a territorial dispute between Beijing and
      Reuters  -  461 words
    • 992 21 They buck the trend of women quitting work with the birth of their first child Bloomberg Tokyo TO resume work after the birth of her first child, Terue Suzuki moved back to her family home on weekdays to get help with babycare, leaving
      Bloomberg; PHOTO: BLOOMBERG  -  992 words
    • Briefing
      • 134 21 Reuters Kuala Lumpur A US$1.7 billion bid for Malaysia’s two main KFC fast-food franchisees faces opposition from investors challenging the terms of the offer that is nearly a year old and now looks to them badly undervalued. A showdown is looming on Monday and Tuesday,
        Reuters  -  134 words
      • 122 21 Bloomberg Kuala Lumpur AIRASIA X Bhd, the long-haul arm of Asia’s biggest budget carrier, plans to raise about US$250 million through an initial public offering (IPO) in Kuala Lumpur early next year, a person familiar with the matter said. The final size will be fixed
        Bloomberg  -  122 words
      • 101 21 AP Washington MYANMAR is moving at “warp speed” in opening up after years of authoritarian rule but needs to build institutions to improve transparency and economic governance, the World Bank said as it approved US$80 million in development aid. Pamela Cox, the bank’s vice-presi-dent
        AP  -  101 words
      • 105 21 Re uters probe London ROYAL Bank of Scotland (RBS) said it may face fines in relation to how it set Libor and other interest rates and is keen to settle the matter as soon as possible. RBS is under investigation by US and
        Reuters  -  105 words
    • 867 22 Romney races to overtake Obama in election campaign’s final 1 00 hours as attention shifts from Sandy’s devastation US ELECTIONS 2012 NYT Washington THE two US presidential campaigns roared back to life on Thursday, ending a stormimposed hiatus with urgent closing arguments and
      NYT; PHOTOS: AFP, AP  -  867 words

  • china's party congress
    • 1160 20 Cutting the Standing Committee to 7 people from 9 is seen as an attempt to steer away from the sclerosis and cronyism that has set in NYT Beijing TO outside observers, the move may appear to be little more than bureaucratic reshuffling: trim
      NYT; PHOTO: REUTERS  -  1,160 words
  • Page 20 Advertisements
    • 25 20 www.omy.sg Exclusively for BLOGGERS! vie screenings/ Product reviews Event invites International Award Winner Join our family now! 0 blog.omy.sg/blogclub Download FREE QR Code Reader,e.g. BeeTagg
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  • Page 22 Advertisements
    • 20 22 Yanlord Land Group chairman on whyS'poredevelopershave entered China's market entered China's market To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • 8115 23 Transaction date: Nov 2 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15.5 11.4 8Telecom 12.1 12.1 13.1 66.8 0.4 2.9 57.9 6 3 A-Sonic 3.3 -0.3 5 3.3 3.3 3.2 4 3.9 23.6
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  • 1738 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 20.5 12.1 t 800 Super 19.5 +1.3 28 20.5 18.3 18.3 19.5 3.3 5.1 5.8 34.9 4 3 t AA Grp 3.1 2.7 3.9 3
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  • 186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 4 0 0 0 8 3 4 Manufacturing 65 29 43 1 7 8 66 36 51 Commerce 21 20 22 2 0 4 23 20 26 Tpt/Stor/Comms 13 12 10
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  • 798 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Oct 29 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Tee International 1-Nov-12 Bertie Cheng Shao Shiong Sell 3200 0.11 3200 4.34 0 0.00 Far East Group
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  • 123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,921 13,921 71,677 71,677 Manufacturing 240,328 72,132 312,460 217,006 3,678 220,684 Commerce 158,745 1,930 160,675 106,925 177 107,102 Tpt/Stor/Comms 86,954 19,229 106,183 136,901 6,075 142,975 Finance 20,282 305 20,587 147,224 136 147,360 Construction 29,590 167,887
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  • MARKETS
    • 80 27 Nov 1 COCOA (£/tonne) Close Prev High/Low Dec 12 1562 1548 1564/1536 Mar 13 1560 1548 1561/1537 May 13 1563 1552 1565/1542 Jul 13 1566 1555 1569/1546 COFFEE(US$/tonne) Close Prev High/Low Nov 12 1958 1940 1981/1950 Jan 13 1984 1968 2004/1968 Mar 13 2000 1987 2021/1987 May 13 2016
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    • 67 27 Nov 2 GOLD(US$/oz) Nov 01 Nov 02 Hong Kong 1733.00 1717.70 Oct 31 Nov 01 London 1723.81 1716.79 1724.58 1718.01 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 39.66 39.01 Source: UOB PLATINUM/ Lon (US$/oz) Nov 01 Close Previous PM Fix 1575.00 1570.00 AM Fix 1573.00 1566.00 Source:
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    • 57 27 Nov 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 12 2404.0 2404.0 2404.0 2365.0 139 3209 Dec 12 2460.0 2467.0 2465.0 2418.0 1748 ***** Jan 13 2531.0 2537.0 2533.0 2490.0 ***** ***** Feb 13 2570.0 2579.0
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    • 80 27 Nov 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 31-Jan-13 0.24 6-Month BS*****V 02-May-13 0.27 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.12 5-Year N*****0Z 2.375 01-Apr-17 108.73
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    • 154 27 Nov 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2674 1.2691 1.0377 1.0382 Canadian dollar 1.2245 1.2260 1.0029 1.0025 Euro 1.5751 1.5770 1.2896 1.2901 NZ dollar 1.0089 1.0102 0.8260 0.8264 Sterling pound 1.9655 1.9676 1.6092 1.6096
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    • 94 27 As on 1 November 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1727.20 1715.20 1716.30 INDIA GOLD (E-GOLD) FUT DEC2012 577.40 573.50 573.65 CURRENCY EUR-USD FUT DEC2012 1.2986 1.2931 1.2937 BASE METAL COPPER FUT DEC2012 7838 7797 7830 INDEX IRON ORE (MBIO) IDX
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    • 103 27 Nov 1 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 12 1558.50 1547.00 1570.25 1546.50 Jan 13 1560.00 1548.75 1571.50 1548.00 Mar 13 1533.50 1523.75 1545.00 1523.25 May 13 1493.00 1478.25 1499.25 1478.25 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Dec 12 50.43 50.16 50.91 50.10
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    • 68 27 Nov 01 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 108.44 -0.81 WTI (Near Mth) 86.92 0.78 Dubai (1-Mth F) 105.09 -1.97 Tapis blend 113.72 -0.75 Minas 107.29 -1.83 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.67 -1 Jet Kerosene 126.44 -0.96 US$/barrel OpecOil Basket Price 106.12
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    • 118 27 Nov 02 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.299 1.238 Can dollar 1.253 1.194 Euro 1.615 1.539 Sterling pound 2.006 1.929 NZ dollar 1.044 0.985 US dollar 1.245 1.186 Local dollars to 100 units of foreign currency: Currencies Sell
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    • 69 27 Nov 1 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1917.50 1877.50 3 months 1940.00 1906.00 Copper, Grade A (US$/tonne) Cash 7825.00 7758.25 3 months 7826.00 7759.00 Lead (US$/tonne) Cash 2133.50 2077.50 3 months 2126.50 2063.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • 373 27 In local curr In S$ In US$ dy yr dy yr dy yr Nov 1 Index Change Change Change Change Change Change World Preliminary 917.9 0.8 10.6 0.8 4.4 0.8 11.0 EAFE Preliminary 735.7 0.7 7.9 0.6 2.0 0.6 8.4 Europe Preliminary 1119.2 1.1 9.0
      373 words
    • Article, Illustration
      107 27 Straits Times Index YTD change:+14.90% 52-week high: 3,110.86 on Oct 5,2012 52-week low: 2,606.52 on Dec 20,2011 Source: Bloomberg Hang Seng Index YTD change: +19.95% 52-week high: 22,149.70 on Nov 2,2012 52-week low: 17,613.20 on Nov 25,2011 Source: Bloomberg Shanghai Stock Exchange Composite YTD change: -3.75% 52-week high:
      Source: Bloomberg  -  107 words

  • PERSPECTIVE
    • 1348 28 / 29  - Women can we have it all? Women’s diminishing returns both in the boardroom and the bedroom By Stefanie Yuen Thio ~The writer is joint managing director of TSMP Law Corporation in Singapore SINGAPORE is grappling with a falling birth rate. In 2030, one in five residents will be 65 years
      FILE PHOTO  -  1,348 words
    • 816 28 / 29 LETTER FROM DA NANG The author, a former executive with Siemens and now Chief Happiness Officer http://www.HappinessPlunge.com and http://www.CrazyHairFundraiser.com, now does volunteer work around the world. DA Nang is Vietnam’s third largest city, but despite its large population and central location, it is unremarkable. Home
      PHOTOS: ADAM PERVEZ  -  816 words

  • Wealth
    • WEALTH INVESTING
      • 1109 30 / 31  -  iFast Financial’s master trust arrangement enables small and medium-sized firms to benefit from economies of scale and pooled services in their retirement plans Genevieve Cua gen@sph.com.sg Personal Finance Editor PRIVATE pension plans are typically the domain of large multinational corporations. But now smaller companies
        PHOTO: AP  -  1,109 words
      • 792 30 / 31  -  Compiled by LYNN KAN Hyflux Limited Hold OCBC Investment Research, Nov 2 Nov 2 close: $1.34 HYFLUX Ltd saw its Q3 revenue rising 77 per cent year on year (y-o-y) to $155 million, with Asia ex-China and the municipal sector driving the revenue increase. Net profit also increased
        792 words
      • 1169 32 Junk bonds increasing in popularity and risks Investors reach for high yields, pushing demand to record levels NYT New York JUNK bonds are living up to their name again. Companies with junk credit ratings have been increasingly issuing bonds for riskier purposes that could hinder their ability to pay back
        NYT; PHOTO: AFP  -  1,169 words
      • 1323 33  -  They could lose you a lot of money even as they promise good returns, and companies like them as a form of capital SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder A WHITE paper
        1,323 words
    • WEALTH REAL ESTATE
      • 1093 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN OCT 3 AND OCT 9, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Emerald Gdn Apt 07/10/2012 999 1001 1640 1638 V On Shenton Apt 04/10/2012 99 452
        1,093 words
      • 482 35  -  Investments in Q3 total US$2b, up from US$1 .3b a year ago: Jones Lang LaSalle By Ong Chor Hao ongch@sph.com.sg Singapore THE Republic remained one of the 10 most active cities for investments into commercial property globally, a
        482 words
      • 853 35 Bloomberg New York HOTELS in New York City are struggling with space shortages as runners travelling into town for this weekend’s marathon compete for lodging with locals renting rooms after their homes were damaged by Atlantic storm Sandy. “Those marathon rooms were booked months ago,”
        Bloomberg; PHOTO: BLOOMBERG  -  853 words





  • Page 36 Advertisements
    • 111 36 I > TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE UNIQUE ASYMMETRIC STYLING OF THE AUDEMARS PIQUET MILLENARY COLLECTION HAS TRANSFORMED THE WAY DESIGN ENGINEERS DEVELOP CALIBRES. THIS TRI-DIMENSIONAL MOVEMENT COMBINES PERFORMANCE AND CHRONOMETRY WITH HAUTE HOROLOGY MICRO-DETAILING. IN THE TRANSVERSAL BALANCE-BRIDGE, OPTIMUM SHOCKRESISTANCE IS COMBINED WITH THE
      111 words

  • Page 1 Advertisements
    • 58 1 LivingBTTHE BUSINESS TIMES WEEKEND NOVEMBER 3 4 2012 QUIRKY GOOD TIMES Bespoke experiences at parties L2 -4 DESIGN/TRAVEL Creative capital L14-15 HELLO STRANGER PHOTOBOOTH/ PHOTO: HELLO STRANGER DINING Tantalising tongue-twisters L7-8 SPORT Mickey Mouse or Mighty Mouse? L16 CEOS' HAWKER CHOICES 2012 Carnivorous cravings L10-12 GOLF Taking a leaf from
      58 words

  • BT Living
    • LIVING
      • 3067 2 / 3  -  The bespoke experience is in vogue for parties these days. By Tay Suan Chiang taysc@sph.com.sg WITH less than two months to go till 2013, the party season is heating up and so is the pressure on party planners to make their year-end bashes something their guests will
        PHOTO: LITTLE HOUSE OF DREAMS; PHOTO: THE SECRET PARTY; PHOTOS: HELLO STRANGER, ONE EYE CLICK LIVE; PHOTO: SOLE SERVICE; PHOTO: CRAFT; PHOTO: POPAGANDA  -  3,067 words
    • STYLE
      • 815 5  -  The Alexa bag may be Mulberry’s runaway hit, but the brand is shifting attention away from its superstar connections to its ‘Made in England’ heritage. By May Yip By May Yip btnews@sph.com.sg THE biggest highlight of the festivities surrounding the opening of Mulberry’s first Asian flagship,
        PHOTOS: MULBERRY  -  815 words
      • 704 6  -  Celebrity hair stylist Shunji Matsuo has always been big on training and educating the next generation. By Corinne Kerk By Corinne Kerk btnews@sph.com.sg HAVINGpoured$1 million into a new flagship hair sa l on a t T h e Heeren, Shunji Matsuo was not amused when, just six
        PHOTOS: YEN MENG JIIN  -  704 words
    • DINING
      • 1602 7  -  So what’s in a name? Quite a mouthful, not only in the offbeat nature of the names of these three eateries but also in their well-crafted and delectable fare. By Debbie Yong By Debbie Yong debyong@sph.com.sg Hao Yun Lai #02-01 Rendezvous GalleryZ6333 9846 Hours: 11am 3pm, 6 11pm
        1,602 words
    • CEOS' HAWKER CHOICES 2012
      • 2757 10 / 11  -  Glistening red-hued slabs of roast pork, fragrant salty belly with crackling skin and meaty duck crisply roasted or braised in a herb-tinged gravy and served with yam rice. Whatever your choice of protein, the panellists of the BT/Knight Frank Hawker Choices 2012 have decided on their favourites By
        PHOTOS: YEN MENG JIIH; PHOTOS: YEN MENG JIIN; PHOTOS: YEN MENG JIIN; PHOTO: YEN MENG JIIN  -  2,757 words
      • 518 12  -  By Tay Suan Chiang taysc@sph.com.sg BUSINESSMAN Soon Ong says food is the “social glue” that bonds him and his clients. “We don’t just talk about numbers, or sound equipment systems, we talk about food too,” says Mr Ong, CEO of Clarity AV. His
        PHOTO: YEN MENG JIIN  -  518 words
    • DESIGN
      • 814 13  -  Defying the trends that characterise modern design, the brothers Humberto and Fernando Campana champion a distinct aesthetic shaped by their Brazilian roots. By Lim Sio Hui By Lim Sio Hui btnews@sph.com.sg OF all the concept-heavy, outlandish flourishes on show at Beijing Design Week, which took place during China’s
        PHOTOS: ANTONIO MARTINELLI, FERNANDO LASZLO, LES ARTS DÉCORATIFS  -  814 words
    • DESIGN/TRAVEL
      • 1292 14 / 15  -  Beijing’s cool design attitude puts a face of modern China in the spotlight, one where progress doesn’t have to mean demolition.By Lim Sio Hui By Lim Sio Hui btnews@sph.com.sg IT WAS hard to decide which was more impressive. The intricate construction of curved bamboo strips, suspended mid-air by
        PHOTOS: Lim Sio Hui, Alessandro De Toni, Crates Collection  -  1,292 words
    • SPORT
      • 554 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent WALT Disney’s most famous cartoon character can finally shake off a most unwanted tag. For years, football fans have labelled England’s League Cup as the “Mickey Mouse Cup”, simply because most managers, especially those at the bigger clubs
        PHOTO: AP  -  554 words
      • 497 16  -  grand slam with colette wong ~Catch Colette Wong on ESPN SportsCenter every weekday at 7.30pm for all the latest sports updates. WHEN Novak Djokovic was asked to explain the driving force behind his phenomenal 2011 season, he pointed to Serbia’s maiden Davis Cup
        497 words
    • GOLF
      • 511 17  -  In a series of golf clinics, Colin Montgomerie gives advice on how to improve one’s game Ven Sreenivasan ven@sph.com.sg Senior Correspondent SOFT hands, easy grip, full back-swing and accelerate down through the ball easy enough to understand, but execution is a different ball game.
        PHOTO: HSBC  -  511 words
      • 463 17  -  By JUSTINE MOSS btnews@sph.com.sg IN what is Barclays’ seventh and final year of association with Singapore’s national golf open, there will be no shortage of marquee names that are making the trip out next week to Sentosa Golf Club for Asia’s Major the
        PHOTO: WORLD SPORT GROUP  -  463 words
    • MOTORING
      • Article, Illustration
        619 18  -  This Chevrolet model is a plug-in electric vehicle with a range extender engine. By Samuel Ee samuelee@sph.com.sg I T HAS a petrol engine and an electric motor, but don’t call the Chevrolet Volt a petrol-electric hybrid. Like its identical twin, the Opel Ampera the Chevrolet and Opel
        619 words
      • 742 19  -  Power boost, fast gearshifts are some of the goodies that come with the McLaren 12C Spider. By Samuel Ee samuelee@sph.com.sg THE absence of a roof is not the only thing that is novel about the latest McLaren. A power boost and fast gearshifts, plus a new
        742 words
      • 540 20  -  After the entire Asian leg, he is suddenly leading former favourite Alonso by 13 points. f1 watch By Samuel Ee samuelee@sph.com.sg SHORT guys all over the world rejoice. Apparently, there is one thing they can do that taller chaps cannot drive for Ferrari. It has been
        PHOTO: REUTERS; PHOTOS: AFP  -  540 words





  • Page 8 Advertisements
    • 1015 8 wine&dine with BTWeekend Peach Blossoms Level 5, Marina Mandarin Singapore 6 Raffles BoulevardZ 6845 1118 Bountiful Grains Valid till Nov 30, 2012 Chinese Executive Chef Chan Shun Wong gets creative using rice, one of the most essential ingredients in Asian cooking. Presenting over 10 delicious specialties using different rice varieties,
      1,015 words

  • Page 9 Advertisements
    • 68 9 •s "Ss. Oft i V fc > k Wah.’ Experience the new Wah Lok. Applauded as one of Singapore’s finest Cantonese restaurants since 1988, and now ready to win raves all over again. With a new menu, a new interior, and a whole new standard of excellence. CARLTON 7|f HOTEL
      68 words

  • Page 10 / 11 Advertisements
    • 68 10 / 11 THE RIGHT BID AND THE RIGHT TIME Knight Frank Knight Frank’s Auction Team provides full auction services from real estate residential and commercial properties, public chattels and owner’s auction chattels for government agencies and pawnshops. Call Knight Frank Auction Team at 6222 1333 or visit www.knightfrank.com.sg for the full suite
      68 words



  • Page 14 / 15 Advertisements
    • 258 14 / 15 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or a
      258 words

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