The Business Times, 13 November 2012

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

Microfilm: NL32294
Total Pages: 43
1 44 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES www. usinesstimes.com.sg| usinesstimes.com.sg| TUESDAY, NOVEMBER 13, 2012 S$1.00| MICA (P) 074/08/2012 sph A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article
    Lock icon Foreign worker curbs: Ample warning given
    809 1  -  Senior Minister of State for Trade and Industry Lee Yi Shyan tells Parliament that SMEs had 2 years to prepare before the measures kicked in By Felda Chay feldac@sph.com.sg Singapore MALL and medium-sized enterprises (SMEs) have had ample time two years, to be exact
    809 words
  • Article, Illustration
    Lock icon Japan mulls over tough response as recession looms
    819 1  -  It will pursue powerful monetary easing and seek TPP membership By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S slide back into recession by the end of this year seems almost certain with confirmation yesterday that the world’s third largest economy contracted by 0.9 per
    PHOTO: REUTERS  -  819 words
  • Page 1 Advertisements
Page thumbnail Page 2
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      171 3 S-C* ne Expo 13th Nov-9th Dec 2012 Stuttgart Germany < r urhe^w i i c t J f- N 4' 1 V: 1 a»e .V c: P 4V n i i A Porsche Boxster in the Grand Lucky Draw! Plus win a trip for 2 to Stuttgart $1000 cash weekly*
      171 words
Page thumbnail Page 4
  • TOP STORIES
    • Article, Illustration
      Lock icon Need for foreign workers won’t abate easily
      609 4  -  Better productivity unlikely to reduce demand for non-Singaporeans in healthcare, construction and domestic help By Chuang Peck Ming peckming@sph.com.sg Singapore PRODUCTIVITY improvements are unlikely to go very far in easing the demand for foreign workers in the construction, healthcare and home sectors. In
      THE STRAITS TIMES FILE PHOTO  -  609 words
    • MARKETS
      • Article
        Lock icon STOCKS
        58 4 HSTI 3,007.57 (-1.99) HSTI FUTURES 3,008.00 (-2.00) GSIMSCI 340.56 (+0.64) GSIMSCI FUTURES 340.40 (+0.80) Monday Change KL COMP 1,637.59 -3.49 NIKKEI 225 8,676.44 -81.16 HANG SENG 21,430.30 +45.92 SET 1,294.50 +3.49 JAKARTA 4,318.59 -15.05 MANILA 5,470.70 +1.91 KOSPI 1,900.87 -3.54 SHENZHEN B 597.87 -2.05 MUMBAI IND 18,670.34 -13.34 12.00
        58 words
      • Article
        Lock icon PRIME RATES
        29 4 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.336 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.50 Source: Bloomberg
        29 words
      • Article
        Lock icon FOREX
        48 4 us$ s$ US$ (S$ per US$) 1.223 (US$/S$ per 1.589 1.944 EURO(US$/S$/€) 1.271 1.554 Foreign currency per US$ S$ YEN 79.40 64.90 RM 3.064 2.505 HK$ 7.751 6.337 BAHT 30.65 25.05 RUPIAH 9,637 7,878 RENMINBI 6.229 5.092 INDIAN RUPEE 55.05 45.01 A$ 0.960 0.785 NZ$ 1.225 1.002
        48 words
    • Article, Illustration
      Lock icon Debt talks give Obama another chance to take charge
      549 5 He will try to persuade Republicans about benefits of a tax compromise NYT Washington US PRESIDENT Barack Obama, emboldened by his decisive re-election and lessons learned over four years in office, is looking to the renewal of budget talks with Republicans
      NYT  -  549 words
    • Article, Illustration
      Lock icon Dubai Mercantile Exchange sets up Singapore shop
      721 6  -  First office outside UAE; established to build relationship with traders here and in China By Andrea Soh sandrea@sph.com.sg Singapore THE Dubai Mercantile Exchange (DME) yesterday opened its office in Singapore, in a bid to build its relationship with oil traders in Singapore and
      721 words
    • Article
      Lock icon Investors holding big chunk of assets in cash: study
      368 6  -  It cites unease over misaligned interests among investment providers, markets By Genevieve Cua gen@sph.com.sg Singapore RETAIL investors are keeping a fairly high percentage of their asset allocation in cash, and intend to keep doing so over the next 10 years. This
      368 words
    • Article, Illustration
      Lock icon Iswaran: F1 has met government’s goals over the past 5 years
      412 7  -  Each race generates around $1 50m in incremental tourism receipts well above the $1 00m projection By Lee U-Wen leeuwen@sph.com.sg Singapore THE Formula One Singapore Grand Prix has, over its first five-year term, met the government’s original objectives of
      PHOTO: REUTERS  -  412 words
    • Article
      Lock icon Malaysia’s exports in Sept rise 2.6%
      441 8  -  Better-than-expected figures could signal decent economic growth for whole year By S Jayasankaran btworld@sph.com.sg Kuala Lumpur MALAYSIA’S exports in September rose 2.6 per cent year-on-year, after contracting for two consecutive months, on the back of a turnaround in overseas shipments of electronic and electrical
      441 words
    • Article, Illustration
      Lock icon Diageo woos ultra-rich with customisation
      484 8  -  Tuas finishing centre adds on specially crafted packaging for reserve brands By Lynn Kan lynnkan@sph.com.sg Singapore FOR the well-heeled, Diageo’s Johnnie Walker high-end Blue Label scotch comes in a varnished wooden box with an embedded mini-television panel that screens a brand heritage video. Such ultra-customisation
      484 words
    • Article, Illustration
      Lock icon Brunei prince settles lawsuits linked to Elektromotive
      614 9  -  He agrees to pay $500,000 to company and return 300m shares for cancellation By Grace Leong gleong@sph.com.sg Singapore PRINCE Abdul Hakeem, a nephew of the Sultan of Brunei, has settled his various lawsuits involving Elektromotive Group, formerly known as the Lexicon Group, and
      614 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      125 5 OPENS TOMORROW gc Jr Fujian commodities expo Singapore Asia Expo Singapore m )m m m n m 14 -16 November, 2012 Sands Expo Convention Center, MARINA BAY SANDS, SINGAPORE SOURCE FROM OVER 300 LEADING ASIAN SUPPLIERS f' •ur&iuui I GIFTWARE AND HOUSEWARES SPORTING AND OUTDOOR GOODS GARMENTS, FABRICS AND FOOTWEAR
      125 words
Page thumbnail Page 6
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      1029 7 'St WATS NOTICES YONGNAM HOLDINGS LIMITED Company Registration No.: *****7612N (Incorporated in the Republic of Singapore) NOTICE OF EXPIRY OF WARRANTS W*****4 (THE “W*****4 WARRANTS”) TO: ALL HOLDERS OF THE W*****4 WARRANTS TO SUBSCRIBE FOR NEW ORDINARY SHARES IN YONGNAM HOLDINGS LIMITED (THE “COMPANY”) THIS NOTICE IS IMPORTANT AND REQUIRES
      1,029 words
Page thumbnail Page 8
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      23 9 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use.
      23 words
    • Advertisement
      Lock icon Page 9 Advertisements Column 2
      641 9 HLN TECHNOLOGIES LIMITED (Incorporated in the Republic of Singapore on 26 February 2004) (Company Registration No. *****2180C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of HLN Technologies Limited (the “Company”) will be held on 4 December 2012 at 1.00 p.m.
      641 words
Page thumbnail Page 10
  • COMPANY NEWS
    • Article
      Lock icon Genting S’pore Q3 net profit slides 34%
      437 10  -  Earnings hit by lower win percentage in the premium player business By Nisha Ramchandani nishar@sph.com.sg Singapore GENTING Singapore saw net profit slide 34 per cent year-on-year to $138.44 million for the third quarter ended Sept 30, 2012. Revenue was 16 per cent lower
      437 words
    • Article, Illustration
      Lock icon ComfortDelGro’s Q3 profit up 5.4%
      563 10  -  By Samuel Ee samuelee@sph.com.sg Singapore COMFORTDELGRO’S net profit rose 5.4 per cent year-on-year to $72.8 million for the third quarter ended Sept 30, 2012, as revenue grew 2.7 per cent to a record $900.8 million. The revenue increase came from the taxi and bus businesses,
      FILE PHOTO  -  563 words
    • Article
      Lock icon Boustead S’pore Q2 earnings jump 68% to $15.28m
      435 10  -  By Ven Sreenivasan ven@sph.com.sg Singapore DIVERSIFIED engineering specialist Boustead Singapore posted a 68 per cent rise in second quarter earnings to $15.28 million, from $9.11 million a year ago. It also declared an interim dividend of 2 cents per share. This came
      435 words
    • Article
      Lock icon Pacific Healthcare in spat with ex-chairman
      566 11  -  Benny Kwan disputes its ‘automatic disqualification’ announcement By Grace Leong gleong@sph.com.sg Singapore BENNY Kwan, former executive chairman of Pacific Healthcare Holdings, yesterday maintained that he had resigned from the board, challenging its announcement that he had been disqualified from being a non-executive non-independent director.
      566 words
    • Article, Illustration
      Lock icon 4G comes to StarHub’s iPhone 5 users
      389 11  -  By Joyce Hooi joy ce h @s p h .co m .sg Singapore THE 4G network switch has finally been flipped for StarHub’s iPhone 5 users. The telco said yesterday that its subscribers using the 4G, or Long Term Evolution (LTE)-enabled handset, will
      PHOTO: BLOOMBERG  -  389 words
    • Article, Illustration
      Lock icon Penny stock churning main feature in boring session
      592 12  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent IT WOULD be difficult to envisage a more boring and featureless session than the one dealers had to tolerate yesterday. Liquidity, already weak for many months now, remained poor while prices drifted within narrow bands as
      592 words
    • Article
      Lock icon Wheelock’s Q3 net down 59.9%
      362 12  -  By Kalpana Rashiwala kalpana@sph.com.sg Singapore WHEELOCK Properties (Singapore) has posted a group net profit of $32.4 million for the third quarter ended Sept 30, 2012, down 59.9 per cent from the same period last year. Revenue fell 77.1 per cent to $37.7 million. For the
      362 words
    • Article
      Lock icon TOP 20 ACTIVES
      126 12 VOL CLOSE YHM 856,378 2.7 0.8 42.1 I CP 146,220 0.3 0.0 0.0 Transcu Grp 56,434 1.4 0.0 0.0 Digiland 50,087 0.2 0.0 0.0 Noble Grp 44,404 1 1 6.5 -1 .0 -0.9 Golden Agri 39,588 61 -0.5 -0.8 AusGroup 32,641 50.5 2.0 4.1 Sky One 28,199
      126 words
    • Article
      Lock icon STI STOCKS
      108 12 Stock name Close Change CapMallsAsia 1.860 -0.030 CapitaLand 3.420 CapitaMall 2.090 +0.030 CityDev 11.520 -0.070 ComfortDelGro 1.620 +0.015 DBS Grp 14.130 +0.050 F&N 9.190 GLP 2.720 +0.050 Genting SP 1.235 Golden Agri 0.610 -0.005 HK Land 6.670 -0.020 IHH Healthcare 1.260 -0.020 JMH 58.940 -0.650 JSH 34.260 -1.040
      108 words
    • Article
      Lock icon TOP GAINERS
      65 12 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 150.2 0.6 Lyxor China H 10US$ 1373 25.7 1.6 DBS Bk 4.7% NCPS 100 ***** 20.0 0.2 OCBC Bk 4.5%NCPS 100 ***** 20.0 0.2 FEOrchard 274 13.0 5.0 SuperGroup 283 13.0 4.8 DBXT MSTaiwan 10US$ 1739 12.2 0.6 Semb
      65 words
    • Article
      Lock icon TOP LOSERS
      58 12 BY CENTS CLOSEDOWN DBXT iBoxxSvEu 5US$ ***** -196.9 -0.7 JSH 3426 -127.2 -2.9 JMH 5894 -79.5 -1.1 DBXT MSJAP 10US$ 3414 -36.7 -0.9 TIH 142.5 -34.5 -19.5 Lyxor Nasdaq100 10US 1040 -33.0 -2.5 Lyxor India Nifty 10 1272 -31.0 -2.4 IS Asia BND 100US 1065 -26.9 -2.0 GLD
      58 words
    • Business briefing
      • Article
        Lock icon Courts Asia posts 49% higher Q2 earnings
        55 12 COURTS Asia’s second-quar-ter profit surged 49 per cent to $15.9 million on the back of a 12.7 per cent rise in revenue to $215.8 million. The results were boosted by the opening of two new stores in Singapore and an increase in sales
        55 words
      • Article
        Lock icon Harry’s stock up 50% on impending offer
        58 12 HARRY’S Holdings jumped 50 per cent or 7.5 cents yesterday to close at 22.5 cents, a 52-week high. F&B Asia Ventures, a unit of private equity fund Everstone Capital Partners IILLC, said last week that it intends to make an offer of 23
        58 words
      • Article
        Lock icon Yanlord Q3 profit surges to 362m yuan
        96 12 YANLORD Land Group, a real estate developer in China, said its net profit for the third quarter jumped to 362.6 million yuan (S$71 million) from 6.5 million yuan a year ago. Revenue rose to 2.51 billion yuan from 709.3 million yuan. The performance
        96 words
      • Article
        Lock icon Tiger Airways to hold EGM on Aussie unit stake sale
        61 12 TIGER Airways will need to convene an extraordinary general meeting to obtain shareholders' approval for the proposed divestment of a 60 per cent stake in Tiger Australia to Virgin Australia, the budget airline said yesterday. Last month, Tiger Airways Singapore
        61 words
      • Article
        Lock icon Nam Cheong Q3 gain slides 33% to RM31m
        40 12 SHIPBUILDER Nam Cheong Ltd posted a third-quarter net profit of RM31.55 million (S$12.35 million), a 33 per cent drop from a year ago. Its revenue fell 44 per cent to RM141.94 million.
        40 words
    • Article
      Lock icon Golden Agri hit by poorer palm oil prices
      475 13  -  Higher soya bean costs also cause its Q3 net profit to drop 22% to US$86m By Andrea Soh sandrea@sph.com.sg Singapore PALM oil plantation company Golden Agri-Resources logged a third-quarter fall in profits despite a rise in revenue, as lower crude palm oil
      475 words
    • Article
      Lock icon First Resources Q3 net profit up 25.3%
      330 13  -  By Lee Meixian leemx@sph.com.sg Singapore HIGHER sales volumes of palmbased products continued to boost the third-quarter performance of First Resources Limited. The palm plantation firm yesterday said its net profit attributable to owners for the period ended Sept 30 rose 25.3 per cent
      330 words
    • Article
      Lock icon LionGold posts net loss of $6.35m for H1
      311 13  -  By Teo Si Jia teosj@sph.com.sg Singapore LIONGOLD Corp recorded a net loss of $6.35 million for the half year ended Sept 30, slightly narrower than the $6.37 million loss a year earlier. Loss per share was 0.79 cent, down from 0.88 cent
      311 words
    • Article
      Lock icon At a glance
      313 13 At a glance 3 months ended Sept 2012 9 months ended Sept 2012 TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) NET PROFIT (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 Wheelock 94.07 170.12 -44.7 180.39 334.82 -46.1 32.38 80.77 -59.9 37.65
      313 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      300 11 m Cash Out im Crisis Pauline Ti o Ki n Cun Wei'Rong Warren Buffett is able to compound an annual average of 20% from his investments for 40 years, turning $9,800 to over 40 billion. The great Sir John Templeton, one of the greatest stock picker of all time, outperform
      300 words
Page thumbnail Page 12
Page thumbnail Page 13
Page thumbnail Page 14
  • SINGAPORE NEWS
    • Article
      Lock icon Overtime offences: Most firms get off lightly
      536 14  -  In 2008-1 1 only 21 are charged in court and 56 are issued fines; the rest, 1 83, get either warnings or advisories YESTERDAY IN PARLIAMENT By Lee U-Wen leeuwen@sph.com.sg ABOUT 260 companies have been found guilty of making their employees work beyond
      536 words
    • Article, Illustration
      Lock icon Minister pays special tribute to former chief justice
      409 14  -  By Lee U-Wen leeuwen@sph.com.sg FORMER chief justice Chan Sek Keong has strengthened the rule of law in Singapore and he has cemented his place as one of Singapore’s “greatest jurists and legal minds”, said Law and Foreign Minister K Shanmugam. Mr Shanmugam,
      409 words
    • Parliament briefs
      • Article
        Lock icon PRs, foreigners own 6% of private housing stock: Khaw
        162 14 PERMANENT residents (PRs) and foreigners together own about 6 per cent of Singapore’s private housing stock, said National Development Minister Khaw Boon Wan yesterday. He was responding to questions on the share of private homes owned by foreigners and PRs and
        162 words
      • Article
        Lock icon Casino entry levies collected stand at $134m: minister
        69 14 THE amount of casino entry levies collected from January to September came up to about $134 million, Acting Social and Family Development Minister Chan Chun Sing said yesterday. The amount collected in 2010 was $216 million; last year, the figure was $195
        69 words
      • Article
        Lock icon Cyber-attack prevention: Minister to get more powers
        108 14 KEY changes to the law are being sought to give the Minister of Home Affairs the powers to issue directions to infrastructure owners and operators to prevent or counter cyber attacks that may threaten Singapore. The changes will allow effective action to be
        108 words
    • Article
      Lock icon Biofuels gain traction with plans by Vopak, Stepan
      453 15  -  This follows Neste Oil’s start-up of bio-naphtha production By Ronnie Lim ronnie@sph.com.sg BIOFUELS are increasingly gaining traction on Jurong Island. Royal Vopak, the largest independent storage operator here, plans to get one of its Singapore terminals EU-market certified for sustainable biofuels in
      453 words
    • Article, Illustration
      Lock icon Taking toy-giving to new heights
      285 15  -  By Arthur Lee arthurl@sph.com.sg “My toy can fly!” Eight-year-old Hazmi Mohd Hashim from West Grove Primary was all smiles watching his newest toy, a remote-controlled helicopter in action. It had been donated by aircraft technician Tan Meng Chong, 32. Hazmi and a few hundred needy
      PHOTO: ARTHUR LEE  -  285 words
    • Article
      Lock icon M Ravi seeks to drop defamation suits against Law Society, Wong
      797 15  -  By Grace Leong gleong@sph.com.sg LAWYER M Ravi has filed an application to discontinue his defamation lawsuits against the Law Society and Wong Siew Hong and for each party to bear its own legal costs. In an affidavit filed yesterday,
      797 words
Page thumbnail Page 15
Page thumbnail Page 16
  • PRODUCTIVITY MATTERS
    • Article, Illustration
      Lock icon Making the next big leap
      1170 16  -  The sector is re-inventing itself to boost productivity, with a leg-up from industry players and the government. By Joyce Hooi INFOCOMMS By Joyce Hooi joyceh@sph.com.sg IT might appear inconceivable, but it is possible for the info-communications industry a major source of productivity tools to require
      PHOTOS: IDA  -  1,170 words
    • Article, Illustration
      Lock icon Running on renewal
      1205 17  -  Elixir Technology is in the throes of yet another re-invention of itself jumping onto the cloud. By Joyce Hooi joyceh@sph.com.sg ELIXIRTechnologyhas been upending whole business models in the pursuit of productivity, long before the term even became fashionable. The company started out in 1993 providing IT consultancy
      PHOTO: ARTHUR LEE  -  1,205 words
Page thumbnail Page 17
Page thumbnail Page 18
  • SME INC
    • Article, Illustration
      Lock icon Building profits with eco-friendly walls
      1063 18  -  Greencast has the formula to make what is greener and more efficient. By Victor Katheyas btnews@sph.com.sg GREENCAST Pte Ltd is in an exclusive club of new companies that have turned profitable within two years. The maker of hollow core, non-weight bearing walls used by the
      PHOTO: ARTHUR LEE  -  1,063 words
    • Article, Illustration
      Lock icon Five tips for successful digital marketing
      672 19  -  Commitment and perseverance are needed. By Ang Swee Hoon, Simran Gill ~Ang Swee Hoon is associate professor of marketing, and Simran Gill is an honours year student at NUS Business School. This article was first published on the school’s Think Business portal (thinkbusiness.nus.edu) SUCCESSFUL
      PHOTO: STOCK.XCHNG  -  672 words
    • Article
      Lock icon Why ALL small businesses should take bank loans
      552 19  -  By Jonas Wulff Moller ~The writer is an Asia-focused luxury and lifestyle executive. He currently serves as managing director of Georg Jensen SEA, director Bang Olufsen SEA and partner of MJ Group START-UP businesses usually enter their commercial marketplaces as specialists, not
      552 words
    • Article, Illustration
      Lock icon Waxing lyrical about wax
      1152 20  -  EPChem is a vital part of the supply chain in the marketing and distribution of wax and its related products. By Stanley Tan, Yong Xiancong and Ronnie Sim By Stanley Tan, Yong Xiancong, Ronnie Sim ~The writers are students at NUS Business School AWORLDwithoutwax will be
      1,152 words
Page thumbnail Page 19
Page thumbnail Page 20
Page thumbnail Page 21
  • WORLD
    • Article
      Lock icon The Economist gala event comes to S’pore
      470 21  -  ‘The World in series to be held here after 3 years in HK; speakers include editor Daniel Franklin, NUS prof Wang Gungwu By Malminderjit Singh msingh@sph.com.sg Singapore WHAT does the world have in store for us next year? Will the global economy sink
      470 words
    • Article
      Lock icon Libor scandal: UK prosecutors to arrest traders within a month, says source
      299 21 Bloomberg London UK prosecutors are poised to arrest former traders and rate setters at UBS AG, Royal Bank of Scotland Group plc and Barclays plc within a month for questioning over their role in the Libor scandal, a
      Bloomberg  -  299 words
    • Article
      Lock icon Business chiefs on campaign to ‘fix the debt’
      754 22 CEOs launch advertising blitzes to press Washington to cut federal budget deficit NYT New York AS Democratic and Republican leaders stake out their positions in the coming fiscal showdown in Washington, corporate executives are starting a political campaign of their own. The
      NYT  -  754 words
    • Article, Illustration
      Lock icon Tough job ahead for next Fed chairman
      587 23 Rule book from the Bernanke era will be difficult, and maybe unwise, to erase Reuters New York PRESIDENT Barack Obama’s next choice to head the US Federal Reserve could have his or her hands tied if Ben Bernanke and company continue to rewrite
      Reuters; PHOTO: REUTERS  -  587 words
    • Article, Illustration
      Lock icon Hu dampens reform hopes
      594 24 Brief hint of public policy consultations buried deep in keynote speech Reuters Beijing CHINESE Communist Party leader Hu Jintao’s opening speech at the ongoing 18th Party Congress was a disappointment to many listeners, offering no major signals that the leadership is willing to advance political reform.
      Reuters; PHOTO: REUTERS  -  594 words
    • Article
      Lock icon Zhou says his retirement will not alter central bank direction
      587 24 Reuters Beijing CHINA’S central bank chief says there should be no shift in the approach to setting monetary policy when he retires, a statement likely to raise market speculation about his possible departure when the new Communist Party leadership is
      Reuters  -  587 words
    • Article
      Lock icon Hu Jintao set to step down as military chief
      145 24 Hong Kong OUTGOING President Hu Jintao will formally relinquish his position as military chief at the end of the 18th party congress this week, the South China Morning Post reported yesterday, citing sources it did not identify. His decision surprised many
      145 words
    • Article, Illustration
      Lock icon China loans miss expectations in Oct
      574 25 Data suggests Beijing has to ensure that policy is loose enough to spur growth Reuters Beijing CHINESE banks made fewer local currency loans in October than expected and total financing in the economy expanded more slowly than in September, data showed on Monday, suggesting
      Reuters; PHOTO: REUTERS  -  574 words
    • Article
      Lock icon China banking leaders seek to calm concerns
      542 25 NYT Beijing CHINA’S top banking regulators and the chairmen of the four largest banks tried to allay concerns on Sunday that the country was allowing its banking system to grow at a reckless pace as a way to sustain short-term economic growth. The
      NYT  -  542 words
    • Article, Illustration
      Lock icon India’s industrial output drops 0.4% in Sept
      620 26 Oct trade deficit widens to record as exports decline, adding to signs economy is struggling Bloomberg New Delhi INDIAN industrial production unexpectedly fell in September and the trade deficit widened to a record last month as exports declined, adding to signs that Asia’s
      Bloomberg; PHOTO: REUTERS  -  620 words
    • Article
      Lock icon China to increase foreign investor yuan quota
      572 26 Bloomberg Beijing CHINA will increase fourfold a programme that allows investors to bring in yuan raised overseas to meet demand for the nation’s securities. The China Securities Regulatory Commission (CSRC), the People’s Bank of China and the State Administration of Foreign Exchange have
      Bloomberg  -  572 words
    • Article, Illustration
      Lock icon NY governor seeks US$30b for storm relief
      780 27 Hurricane Sandy caused US$50b damage to New York region, the most costly after Katrina NYT New York GOVERNOR Andrew Cuomo plans to ask the federal government for at least US$30 billion in disaster aid to help New York City and other affected areas
      NYT; PHOTO: REUTERS  -  780 words
    • Article
      Lock icon Global trade to rebound in 2013: HSBC
      359 27 Reuters London WORLD trade will stage a modest recovery in 2013, with businesses more confident than some politicians that slow economic growth will not spawn protectionism, HSBC said yesterday. The bank said it expected trade to expand about 5 per cent next year,
      Reuters  -  359 words
    • Article, Illustration
      Lock icon UK finance bonuses to plummet: study
      504 28 HK seen overtaking London as the world’s biggest international financial centre in 2015 Reu ters London BONUSES for London’s financial sector workers for 2012 will tumble to £1.6 billion (S$3.1 billion), down more than half from a year ago, after a drop-off in dealmaking
      Reuters; PHOTO: BLOOMBERG  -  504 words
    • Article, Illustration
      Lock icon Britain faces ‘brain drain’ as jobs dry up
      571 28 Reuters London TIRED of constant rejection e-mails, an increasing number of graduates are packing their bags and leaving Britain for job opportunities abroad, raising concerns of a “brain drain”. With more than one in three recent university leavers unemployed, many have gone
      Reuters; PHOTO: BLOOMBERG  -  571 words
    • Article
      Lock icon Creditors give Greece ‘positive’ report
      512 29 Greeks on track to fulfil promises of economic reforms AFP Brussels GREECE has “delivered” on its economic reform pledges and a long-awaited report from its international creditors is “positive", Jean-Claude Juncker, who heads the Eurogroup of finance ministers, said yesterday. The payment of a key
      AFP  -  512 words
    • Article
      Lock icon Payoff for ex-BBC chief under fire
      460 29 AFP London BRITISH Prime Minister David Cameron believes the payoff agreed for former BBC director-general George Entwistle is “hard to justify” but said it was a matter for the broadcaster, his office said yesterday. His comments follow a chorus of criticism over the reported
      AFP  -  460 words
    • Article
      Lock icon HSBC settles suit over Madoff losses
      223 29 Bloomberg Dublin HSBC Holdings settled a lawsuit over millions in losses by a fund that invested with Bernard Madoff who masterminded a Ponzi scheme, ending what would have been a six-week trial here the day after it started. HSBC settled the dispute with Kalix
      Bloomberg  -  223 words
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      26 21 Singapore's Leading Chi nese Watch and Jewellery Magazine A PUBLICATION OF ICON f A V 2012/2013 OUT NOW AVAILABLE AT KINOKUNIYA, MPH, PROLOGUE, TIMES BOOKSTORES sPHmagazines
      26 words
    • Advertisement
      Lock icon Page 21 Advertisements Column 2
      27 21 0 LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG I D FACEBOOK.COM/HOTFMSG I J* HOTFMSG
      27 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      87 22 MY SON HAS OUTGROWN HIS P MY SON IS TOO HEAVY TO BE CARRIED. i■I .751 tm < V 9 5? M f ■iSz cn I Z- IP S *5 :.*r i Buy it or sell it. At stdassifieds.sg. whatever you’re looking for isn’t hard to find. A product of
      87 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      79 23 baby shoes violin toys i kids apparel r f •'V T’ a pram V; V -V- school bag children books w ;r^ > n i cot globe pencil case i? At stdassifieds.sg. whatever you’re looking for isn’t hard to find. A product of SPH, Singapore's trusted media group. The STCIassifieds
      79 words
Page thumbnail Page 24
Page thumbnail Page 25
Page thumbnail Page 26
Page thumbnail Page 27
Page thumbnail Page 28
Page thumbnail Page 29
Page thumbnail Page 30 / 31
  • PERSPECTIVE
    • Article, Illustration
      Lock icon Thrusting greatness upon China’s rise
      1906 30 / 31  -  Nobody can question that China is in the process of regaining its greatness, but a lot more qualification and circumspection are in order before a really convincing case can be made that China will rule the world Vikram Khanna vikram@sph.com.sg Associate Editor REVIEW When China
      PHOTO: BLOOMBERG  -  1,906 words
Page thumbnail Page 32
  • AVIATION
    • Article, Illustration
      Lock icon Emirates H1 profit jumps on lower fuel cost
      456 32 Airline posts earnings of 1.7b dirhams; higher traffic also boosts bottom line Reuters Dubai EMIRATES airline, Dubai’s flagship carrier, reported yesterday that its profits doubled in the first half of its fiscal year as fuel costs eased and it carried more passengers.
      Reuters; PHOTO: REUTERS  -  456 words
    • Article
      Lock icon Freight increase ahead of festive season is small: Cathay Pacific
      259 32 Bloomberg Singapore CATHAY Pacific Airways Ltd, the largest carrier of international air cargo, said that it has seen only a small increase in freight ahead of the Christmas shopping season, prolonging an 18-month downturn in industry volumes. The rise is
      Bloomberg  -  259 words
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      27 32 (ft -S' tf. Lianhe Zaobao China's online sales exceeded S$3.5b on "Singles Day" I? 1 1 m ■a n i' To subscribe,call 6388-3838 or go to sphsubscription.com.sg
      27 words
  • Page 32 Miscellaneous
    • Miscellaneous
      Lock icon Page 32 Miscellaneous Column 1
      353 32 Across 1 Film abandoned after indigestion? (4,4,3,4) 9 Care when news is broadcast? Negative reaction with it returning (9) 10 Ornamental wear shown by trio at rear oddly (5) 11 First clue about son, a son of Abraham (5) 12 Around back of cabin, note tiny rambling insignificant type (9)
      353 words
Page thumbnail Page 33
  • Page 33 Advertisements
  • SHIPPING
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      1926 33 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 n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination
      1,926 words
    • Article, Illustration
      Lock icon China consumers to dominate in 10 years: Maersk
      493 35 Chinese imports are already rising, points out CEO; he hopes the trend will continue Bloomberg Copenhagen AP Moeller-Maersk, owner of the world’s largest container shipping line, is betting that China will evolve into a consumer economy from a nation driven by export
      Bloomberg; PHOTO: AFP  -  493 words
    • Article
      Lock icon Hyundai unveils first dual-fuelled marine engine
      173 35 Xinhua Seoul HYUNDAI Heavy Industries, the world’s biggest shipbuilder and a leading marine engine manufacturer, said yesterday that it has developed the world’s first dualfuelled marine engine to meet stricter environmental regulations. The dual-fuelled system will allow marine engines to selectively use both LNG
      Xinhua  -  173 words
Page thumbnail Page 34
  • Page 34 Advertisements
    • Advertisement
      Lock icon Page 34 Advertisements Column 1
      32 34 Legal services required by shippers owners Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WO IMG AT 9620 1327. The business times Shipping Times I I
      32 words
Page thumbnail Page 35
Page thumbnail Page 36
  • Article
    Lock icon SINGAPORE STOCKS
    8097 36 Transaction date: Nov 12 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 14.3 11.4 8Telecom 12.5 +0.4 40 12.8 12.5 12.4 18 66.8 0.4 3 59.9 6 3 A-Sonic 3.3 3.4 3.9 3.9
    8,097 words
Page thumbnail Page 37
Page thumbnail Page 38
Page thumbnail Page 39
  • Article
    Lock icon SGX CATALIST
    1807 39 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 $mil 21 12.1 t 800 Super 21 18.3 19.9 3.3 4.8 6.3 37.5 4 3 t AA Grp 3.1 2.6 3.8 3 98 20 t APStrategic
    1,807 words
  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 39 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 5 4 0 0 0 5 5 4 Manufacturing 44 55 36 7 7 4 51 62 40 Commerce 18 30 17 1 5 3 19 35 20 Tpt/Stor/Comms 14 16 8
    186 words
  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    799 39 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 5 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Serial System 7-Nov-12 Goh Bak Heng Buy 1345 0.11 *****1 35.80 *****6 35.95 Far East Group 7-Nov-12
    799 words
  • Article
    Lock icon SECURITIES TRADING TURNOVER
    123 39 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,737 13,737 69,799 69,799 Manufacturing 180,137 174,013 354,150 192,460 1,280 193,740 Commerce 162,622 8,993 171,615 109,872 537 110,409 Tpt/Stor/Comms 71,785 28,824 100,609 96,866 8,707 105,573 Finance 19,827 2,342 22,169 139,760 1,088 140,847 Construction 47,083 859,591
    123 words
Page thumbnail Page 40
  • FINANCE & COMMODITIES
    • Article
      Lock icon LIFFE
      78 40 Nov 9 COCOA (£/tonne) Close Prev High/Low Dec 12 1540 1519 1544/1518 Mar 13 1538 1518 1542/1516 May 13 1544 1524 1547/1523 Jul 13 1552 1532 1557/1531 COFFEE(US$/tonne) Close Prev High/Low Nov 12 1944 1943 1942/1935 Jan 13 1976 1966 1978/1951 Mar 13 1993 1982 1994/1966 May 13 2009
      78 words
    • Article
      Lock icon METALS
      67 40 Nov 12 GOLD(US$/oz) Nov 09 Nov 12 Hong Kong 1745.60 1742.20 Nov 08 Nov 09 London 1716.16 1731.11 1716.93 1731.88 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 40.34 39.69 Source: UOB PLATINUM/ Lon (US$/oz) Nov 09 Close Previous PM Fix 1559.00 1544.00 AM Fix 1565.00 1541.00 Source:
      67 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      94 40 As on 9 November 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1738.50 1727.10 1730.60 INDIA GOLD (E-GOLD) FUT DEC2012 579.25 576.25 576.70 CURRENCY EUR-USD FUT DEC2012 1.2793 1.2732 1.2719 BASE METAL COPPER FUT DEC2012 7649 7542 7593 INDEX IRON ORE (MBIO) IDX
      94 words
    • Article
      Lock icon CHICAGO BOT
      103 40 Nov 9 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 12 1452.00 1499.25 1501.00 1451.00 Jan 13 1451.25 1495.75 1499.00 1449.00 Mar 13 1436.50 1476.50 1480.00 1435.50 May 13 1419.25 1456.00 1458.00 1418.50 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Dec 12 47.77 48.77 48.86 47.70
      103 words
    • Article
      Lock icon OIL
      68 40 Nov 09 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 107.25 1.08 WTI (Near Mth) 86.07 0.92 Dubai (1-Mth F) 103.59 -0.45 Tapis blend 112.07 -0.73 Minas 105.85 -0.73 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102 0.33 Jet Kerosene 123 -0.51 US$/barrel OpecOil Basket Price 105.21
      68 words
    • Article
      Lock icon PALM OIL
      60 40 Nov 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 12 2200.0 2249.0 2240.0 2200.0 26 2012 Dec 12 2194.0 2314.0 2294.0 2190.0 1743 ***** Jan 13 2228.0 2316.0 2330.0 2220.0 ***** ***** Feb 13 2275.0 2353.0
      60 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      86 40 Nov 12 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 14-Feb-13 0.24 6-Month BS*****A 16-May-13 0.26 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.11 5-Year N*****0Z 2.375 01-Apr-17 108.75
      86 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 40 Nov 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2729 1.2744 1.0410 1.0415 Canadian dollar 1.2232 1.2247 1.0009 1.0003 Euro 1.5537 1.5551 1.2706 1.2709 NZ dollar 0.9973 0.9992 0.8156 0.8166 Sterling pound 1.9430 1.9447 1.5890 1.5893
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 40 Nov 12 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.302 1.24 Can dollar 1.252 1.193 Euro 1.593 1.518 Sterling pound 1.983 1.907 NZ dollar 1.03 0.972 US dollar 1.248 1.189 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article
      Lock icon LONDON METALS
      69 40 Nov 9 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1901.50 1902.00 3 months 1921.00 1925.00 Copper, Grade A (US$/tonne) Cash 7568.00 7628.75 3 months 7570.00 7630.00 Lead (US$/tonne) Cash 2177.50 2228.50 3 months 2149.00 2208.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 40 In local curr In S$ In US$ dy yr dy yr dy yr Nov 9 Index Change Change Change Change Change Change World Preliminary 898.5 0.3 8.3 0.2 2.1 0.2 8.2 EAFE Preliminary 726.5 -0.2 6.5 -0.3 0.1 -0.3 6.1 Europe Preliminary 1103.6 0.0 7.5
      373 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      106 40 Straits Times Index YTD change:+13.65% 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:+16.25% 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: -5.46% 52-week high: 2,534.06
      Source: Bloomberg  -  106 words
Page thumbnail Page 41
  • PROPERTY
    • Article, Illustration
      Lock icon Palestinians build dream homes in West Bank
      897 41 There is huge competition between expatriates over who can build the best house in the villages there AFP Mazraa Al-Sharqiya, Palestinian Territories SUBHI Mustafa spent 35 years abroad, including a decade in the United States, but now that he has built his dream
      AFP; PHOTO: AFP  -  897 words
    • Article
      Lock icon Lend Lease faces lawsuit over collapsed crane
      459 41 Bloomberg New York LEND Lease Group, whose US unit is being sued in federal court in Manhattan over the collapse of a crane at a construction site during superstorm Sandy, said an inspection before the storm had pronounced the equipment safe. “Given the
      Bloomberg  -  459 words
    • Article, Illustration
      Lock icon Draw of Jersey Shore survives Sandy
      1659 42 Property analysts expect prices to recover on limited supply and stiffer rebuilding codes VACATION HOMES Bloomberg New York DANEA Kelly made her first shopping trip for a New Jersey shore vacation home on the Saturday before Hurricane Sandy made landfall. It won’t be her
      Bloomberg; PHOTO: REUTERS  -  1,659 words
    • Article, Illustration
      Lock icon Vacation-home dreams in Michigan fade
      738 43 Bloomberg Lansing, Michigan MICHIGAN’S blue-collar dream of owning a vacation home is going the way of the gas guzzler. Thanks to a scaled-back auto industry and dwindling family incomes, northern summer houses for families in urban areas like Detroit and Flint are now the province
      Bloomberg; PHOTO: BLOOMBERG  -  738 words
    • Article, Illustration
      Lock icon Strategic Hotels turns into a takeover target
      1236 44 Shares jump 13% after founder abruptly quits owner of luxury hotels run by Four Seasons and Ritz-Carlton chains Bloomberg New York STRATEGIC Hotels Resorts Inc, the owner of luxury lodgings from New York’s Essex House to the Ritz-Carlton Half Moon Bay in California,
      Bloomberg; PHOTO: BLOOMBERG  -  1,236 words
Page thumbnail Page 42
Page thumbnail Page 43
  • Page 43 Advertisements
    • Advertisement
      Lock icon Page 43 Advertisements Column 1
      40 43 REALSTAR THE LEADING BUNGALOW SPECIALIST Winner, Singapore Prestige Brand 2009 Sitting on the peak of Kilbum Estate, ambushed in lush greenery. Let the birds serenade you. Calling at unbelievable price of I Sllxxpsfl Land *****sqft Built 4000sqft www.realstarpremier.com Lie NO.L300B563G
      40 words
    • Advertisement
      Lock icon Page 43 Advertisements Column 2
      138 43 FOR SALE BY TENDER CITY FRINGE FREEHOLD LIGHT INDUSTRIAL BUILDING KALLANG RIVER Land Size 2,223.7 sqm (23,935.6 sqft approx) KALLANG (EW10) KPE MP 2008 Business 1 Use with GPR of 2.5 TO ORCHARD CBD CTE, 100% Consensus; Legal Completion within 3 months Close Proximity to Kallang Aljunied MRT Stations Near
      138 words
Page thumbnail Page 44