The Business Times, 22 November 2012

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

Microfilm: NL32295
Total Pages: 43
1 44 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, November 22, 2012
    25 words
  • Article, Illustration
    Lock icon Las Vegas Sands eyes 3 potential IR spots in Asia
    741 1  -  Japan, Vietnam, and South Korea on the radar as it seeks to widen footprint By LEE U-WEN [SINGAPORE] For about seven days each month, Sin-gapore-based George Tanasijevich gets on a plane in search of new business opportunities for his company.
    PHOTO: YEN MENG JIIN  -  741 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 2,960.30 (+1.48) GST INDEX FUTURES 2,960.00 (+1.00) GSIMSCI 334.83 (+0.56) GSIMSCI FUTURES 334.90 (+0.80) US$ S$ US$ (S$ per US$) 1.226 (US$/S$ per 1.590 1.949 EURO (US$/S$/€) 1.276 1.564 Foreign currency per US$ S$ YEN 82.10 67.00 RM 3.064 2.500 HK$ 7.751 6.324 BAHT 30.72 25.06 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,622.97 -1.23 NIKKEI 225 9,222.52 +79.88 HANG SENG 21,524.36 +296.08 SET INDEX 1,276.39 -0.02 JAKARTA COMP 4,317.28 +4.91 MANILA COMP 5,534.18 +33.60 SEOUL COMP 1,884.04 -6.14 SHENZHEN B 601.72 +4.73 MUMBAI IND 18,460.38 +131.06 10.30am EST Change DOW 12,812.73 +24.22 NASDAQ 2,915.55 -1.13
      48 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.452 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      17 words
  • Article
    Lock icon Olam saga moves to ‘mudslinging’ claims
    993 1  -  The company sues for ‘slander, libel and/or malicious falsehood’ after Muddy Waters posts stinging response to Olam’s rebuttal of criticisms By ANDREA SOH [SINGAPORE] Olam International threw another punch at US short-seller Muddy Waters yesterday by suing the latter for defamation as the spat
    993 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      16 1 PROPERTY Cathay unit pays $31.8m for industrial building in Upper PayaLebar page 43 8 *****1 *****4
      16 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      12 1 AVIATION CAAS inks air traffic management deals with 4 organisations page 36
      12 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      109 1 JAPAN Battle royal brewing PAGE 35 SPECIAL FOCUS Business excellence certifications and awards PAGES 23-33 Unleash your creativity. Experiment with your space. This is your designer home. Gallery. Workplace. Create something extraordinary. Now is the time to explore. Play. Expand your vision. s n si Far East Space Evolves. iin
      109 words
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon NTUC to help Changi Airport, SME workers boost earnings
      534 2  -  Staff can also move up the ranks with Progressive Wage Model: Swee Say By LEE U-WEN [SINGAPORE] The labour movement is going to target two key areas of the Singapore workforce as part of its ongoing effort to help workers earn
      534 words
    • Article, Illustration
      Lock icon Consumer confidence hit by fiscal uncertainties
      501 2 LATEST US DATA Reuters Bloomberg [NEW YORK] US consumer sentiment stalled at the end of November as uncertainty grew over federal tax and spending programmes next year while the index of US leading economic indicators rose at a slower pace in October. The Thomson
      Reuters; Bloomberg; PHOTO: BLOOMBERG  -  501 words
    • Article
      Lock icon Correction
      60 2 IN “MIIF wary of disruption to strategic review” (BT, Nov 21), we misquoted MIIF chairman Heng Chiang Meng as saying that the board has not been contacted by the requisitioning shareholders over their request (for an SGM). MIIF has pointed out that it has had regular dialogues with shareholders,
      60 words
    • Article, Illustration
      Lock icon Date for airing of Employment Act suggestions
      399 2  -  Parliament set to debate review of Act in March By LEE U-WEN [SINGAPORE] The government is likely to unveil the recommendations made under Phase 1 of the review of the Employment Act at the next Committee of Supply (COS) debate in Parliament, Acting
      399 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      503 2 Olam saga moves to ‘mudslinging’ claims OLAM International threw another punch at US short-seller Muddy Waters yesterday by suing it for slander as the spat escalated. This came after Muddy Waters published a stinging response to Olam’s Tuesday rebuttal of its criticisms of the company and predicted the
      503 words
    • Article, Illustration
      Lock icon After a lot of hot air, Europe finally blinks
      687 4  -  COMMENTARY VEN SREENIVASAN Senior Correspondent DID the European Commission simply capitulate on its Emission Trading Scheme (ETS), or is this a tactical withdrawal? “They blinked in the face of opposition from China and the others,” declared a senior official of a
      687 words
    • Article
      Lock icon Small car COE premium hits another high
      301 4  -  By SAMUEL EE [SINGAPORE] The small-car COE premium has continued to rise to another high as some distributors bid strongly for certificates of entitlement to meet year-end targets, motor dealers say. Category A, for cars below 1,600cc, climbed $90 to a record $77,291;
      301 words
    • Article, Illustration
      Lock icon China’s backroom powerbrokers block reform candidates: sources
      491 4 Influential retirees flex their muscles in informal polls Reuters [BEIJING] Retired leaders in China’s Communist Party used a last-minute straw poll to block two pro-re-form candidates from joining the policymaking standing committee, including one who had alienated party elders, sources with ties to
      Reuters; PHOTOS: REUTERS  -  491 words
    • Article, Illustration
      Lock icon Bernanke reiterates warnings over fiscal cliff
      612 4 He says US Fed does not have the tools to offset its impact AFP [WASHINGTON] Fed chairman Ben Bernanke stepped up his warnings on Tuesday over the looming “fiscal cliff”, saying that its mandatory tax hikes and spending cuts posed a “substantial threat” to
      AFP; PHOTO: REUTERS  -  612 words
    • Article
      Lock icon Prosecution tackles Ng on the issue of conflict of interest
      996 4  -  DPP suggests Ng wanted Sue to think he could influence buying process By GRACE LEONG [SINGAPORE] Former Central Narcotics Bureau (CNB) chief Ng Boon Gay was yesterday buttonholed on why he did not address the con-flict-of-interest issue that Cecilia Sue
      996 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      34 2 LGT your private bank in Asia. Integrity. Stability. Performance. Combining traditional private banking with state of the art investment advice. Singapore, Phone +65 64 15 38 00 Hong Kong, Phone +852 2868 0201 www.lgt.com
      34 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      146 3 www.vw. com. sg The Jetta. Upgrade to First Class motoring. From only $135,800 v SIH r arcs m mm —r—r mmrnm ;'.«■Af '..< \kj* T '''< S f Quality German engineering is now available at an equally exceptional price. The Jetta has one of the largest boots in its class
      146 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      27 4 i&M BM ra THE PERTH MINT AUSTRALIA www.perthmintbullion.com For your chance to WIN a loz gold minted bar, register by 31 December 2012* *conditions apply, see website
      27 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      188 5 i m m mi m h\ is£. m m s S. r- V i m> s MV-? B®PP A RLDCLASS T S 7 si %v P/I Jfll'l r Ll m i I uHaka > •s 6A 'VC/c, CsH nCH' 1° O/c V 76 4 aA V s ■r 0 >
      188 words
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      52 6 Wanted. Dog food taster 4. A product of SPH, Singapore’s trusted media group. i A A i A 1 i *U?|S*n 1 5. PE' 100°C If there’s really an opening, you’ll probably find it on stjobs.sg The STJobs App for iPhone and iPad is free for download at the App
      52 words
  • COMPANY NEWS
    • Article
      Lock icon Philippinebank BPI in merger talks with 2 other banks
      217 6 Bloomberg [MANILA] Bank of the Philippine Islands is in talks with billionaire Lucio Tan, who controls Philippine National Bank and Allied Banking Corp, on a deal that could create the nation’s largest lender. BPI is partly owned by Singapore’s DBS. “We
      Bloomberg  -  217 words
    • Article, Illustration
      Lock icon Key signs Muddy Waters looks out for to target a firm
      590 6  -  One is too many M&As, another is how a company responds to criticism By ANDREA SOH AN aggressive merger and acquisition (M&A) strategy is one of the signs that it looks out for in picking its targets, US short
      PHOTO: BLOOMBERG  -  590 words
    • Article
      Lock icon Did Muddy Waters really do anything wrong?
      659 6  -  HOCK LOCK SIEW By R SIVANITHY THE role of financial research firm Muddy Waters (MW) in this week’s plunge in the shares of commodities firm Olam International has come under intense scrutiny, with most observers critical of MW for indulging in reverse front-running:
      659 words
    • Article
      Lock icon Amara Hldgs develops its first EC project
      422 7  -  It teams up with Kay Lim and Singxpress Land to build CityLife@Tampines By ZEINAB YUSUF SAIWALLA HOSPITALITY and property group Amara Holdings is jumping on the executive condominium (EC) bandwagon. It will develop its first public housing EC project at a Tampines site
      422 words
    • Article, Illustration
      Lock icon CFO’s role expanding fast into non-technical areas: ICPAS
      490 7  -  By LEE MEIXIAN THE role of the chief financial officer (CFO) is evolving. Far from being just a financial steward, a CFO is now increasingly expected to play a key role in strategic business planning and risk management, a survey by the
      Source: ICPAS  -  490 words
    • Article
      Lock icon New Naftogaz job for KepFels
      273 7  -  Award of tender is for a pair of semi-submersible drilling rigs By LYNN KAN FIVE short months after Ukraine’s state-owned Naftogaz Ukrainy visited the Keppel Fels yard to take delivery of two jack-up rigs, Naftogaz has awarded the Singapore rigbuilder a tender for two fresh
      273 words
    • Article, Illustration
      Lock icon Maybank unveils system to tap cash mgt market
      587 9  -  Maybank2E system eyes 20% annual growth in S’pore biz over next 3 years By TEO SI JIA MAYBANK is set to get a piece of the action in Asia’s burgeoning cash management market with its new system, Maybank2E. The regional cash management
      587 words
    • Article
      Lock icon DBS bid for Danamon seen staying in limbo
      359 9 Bloomberg [SINGAPORE] PT Bank Danamon Indonesia is trading at the biggest discount to any pending takeover offer in Asia, signalling that arbitrageurs aren’t convinced that Singapore and Jakarta would resolve differences over bank access anytime soon. DBS Group’s US$6.85 billion proposal to
      Bloomberg  -  359 words
    • Article
      Lock icon CapitaMall Trust raising at least $196.6m from placement
      231 9 CAPITAMALL Trust (CMT) is looking to raise net proceeds of at least $196.6 million through a private placement. Its manager, CapitaMall Trust Management, has proposed the issue of about 100.5 million new units to institutional and other investors at between $1.99 and
      231 words
    • COMPANY BRIEFS
      • Article
        Lock icon NOL unit acquires Carmichael Int’l
        57 9 NEPTUNE Orient Lines’ wholly owned subsidiary in the United States, APL Logistics Americas Ltd, acquired Los Angeles-based US customs brokerage and trade compliance firm Carmichael International Service on Nov 19 for US$37 million. The consideration was satisfied wholly in cash from NOL’s internal resources. Carmichael
        57 words
      • Article
        Lock icon Loyz subsidiary buying two drilling units
        53 9 LOYZ Energy Ltd’s indirectly held subsidiary, Loyz Rex Drilling Services LLC, has inked an agreement to purchase from JT Oil Consultancy Ltd two drilling units for about US$26 million. Loyz Energy will fund the purchase using bank financing and internal resources of the group,
        53 words
      • Article
        Lock icon Noble to issue RM300m notes
        34 9 NOBLE Group Ltd will be issuing RM300 million (S$120 million) of two-year notes bearing a 4.22 per cent fixed profit rate under its multi-currency Islamic medium term note programme.
        34 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      620 7 In 2015, global tech companies are expected to deliver 1.5 billion smartphones. What does this have to do with your portfolio? Get Substance the UBS House View Go to www.ubs.com/investment-ideas or scan the QR code with your smartphone a a m SB? a Please contact your UBS client advisor, or
      620 words
Page thumbnail Page 8
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI barely manages 3rd straight rise
      600 8  -  Olam shares bounce back, penny stock leader YHM continues to outperform STOCKS R SIVANITHY Senior Correspondent A REBOUND in Olam International’s shares and the continued mega outperformance of penny stock leader YHM were among the main features in yesterday’s session, during which the Straits
      Source: Bloomberg  -  600 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      72 8 Nov 21 VALUE CLOSE BT OB/OS -463.00 +45.00 BT CADI -*****.00 +9.00 BT 10-day MA -*****.00 -46.00 FTSE ST Mid Cap 732.80 +4.12 FTSE ST Small Cap 478.20 +2.44 FTSE ST All Share 726.54 +1.18 FTSE ST China Top 195.02 +0.73 FTSE ST China 219.60 -0.36 FTSE
      72 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME YHM 649,008,000 Olam 112,550,000 Yoma 79,475,000 Transcu Grp 75,230,000 Noble Grp 67,548,000 Thai Beverage 48,203,000 Golden Agri 43,630,000 Geo Energy 25,942,000 Contel 24,116,000 Interra 21,513,000 VALUE($) Olam 185,221,305 Noble Grp 71,562,970 Yoma 53,021,615 UOB 47,828,350 SingTel 38,239,040 Keppel Corp 33,905,810 CapitaComm 31,077,020 F&N 29,157,760 Golden Agri
      55 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 6 2 0 0 0 8 6 2 Manufacturing 46 36 34 3 5 7 49 41 41 Commerce 19 26 17 4 2 3 23 28 20 Tpt/Stor/Comms 12 9 14
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      920 8  -  Compiled by KENNETH LIM IHH Healthcare Nov 21 close: $1.245 CIMB Research, Nov 20 CALL it expensive or its valuations unjustified, but IHH has been defying the odds. In the last three months, it had debuted on two exchanges and stayed well above its IPO price. The question
      Source: Bloomberg  -  920 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,395 15,395 65,594 65,594 Manufacturing 216,738 32,630 249,368 158,617 797 159,415 Commerce 239,012 8,966 247,978 289,232 377 289,608 Tpt/Stor/Comms 75,948 13,725 89,673 114,065 4,181 118,246 Finance 15,775 371 16,146 97,649 169 97,818 Construction 40,946 650,692
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      108 8 Stock name Close Change CapMallsAsia 1.790 +0.015 CapitaLand 3.350 +0.020 CapitaMall 2.110 +0.010 CityDev 11.080 -0.030 ComfortDelGro 1.645 +0.055 DBS Grp 13.710 -0.110 F&N 9.400 +0.010 GLP 2.530 -0.010 Genting SP 1.215 -0.015 Golden Agri 0.610 HK Land 6.500 -0.080 IHH Healthcare 1.245 JMH 58.300 +0.170
      108 words
    • Article, Illustration
      Lock icon Euro at 61/2-month high against yen, off lows against $
      561 8 Euro at 6 1 /2-month high against yen, off lows against CURRENCIES Reuters [LONDON] The euro hit a 6-1/2 month high against a struggling yen yesterday, and trimmed losses against the US dollar as eurozone politicians ramped up efforts to reach a deal over aid for Greece. The yen fell
      Reuters  -  561 words
    • Article
      Lock icon RISES
      111 8 BY CENTS CLOSE UP DBXT S&P Short 10US$ 3631 28.2 0.6 IS S&P500 ***** 24.5 0.1 Lyxor AsiaRE 10US$ 975 23.3 2.0 JMH 5830 20.8 0.3 Asia Pac Brew 5290 20.0 0.4 Hyflux 6% CPS 10 ***** 20.0 0.2 DBXT CSI300 10US$ 705 18.4 2.2 Jardine C&C 4708 18.0
      111 words
    • Article
      Lock icon FALLS
      118 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -133.6 -1.0 GLD 10US$ ***** -87.0 -0.4 FEOrchard 183 -72.0 -28.2 DairyFarm 1054 -38.0 -2.9 JSH 3486 -17.2 -0.4 YHS 369 -14.0 -3.7 Olam MB eCW*****3 1.9 -13.1 -87.3 UOB 1775 -12.0 -0.7 Lyxor Asia EX 10US$ 420 -11.0 -2.1 DBS
      118 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      150 9 MODEL! GARMIN ApproachS3 (Asia Version) NEW Garmin Authorised Distributor (Singapore) The first Garmin touch golf watch! This stylish and lightweight GPS wristwatch brings with it not only a sleek and simple hands-free solution, but also exciting new features golfers can use from the tee box all the way to the
      150 words
    • Advertisement
      Lock icon Page 9 Advertisements Column 2
      141 9 Promotion Now On 6281 5688 or 6757 4403 www.gnc.com.sg A BANK Imagine a bank where your interests really do come first. Imagine a bank without risky sovereign debt or toxic assets on its balance sheet. Imagine a bank whose owners have personal liability for its actions. Imagine a bank that’s
      141 words
Page thumbnail Page 10 / 11
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Global study rates S’pore tax regime highly
      618 10 / 11  -  It is 5th among 185 economies surveyed on tax rates and system’s complexity By MALMINDERJIT SINGH SINGAPORE has emerged as a frontrunner in a global study on tax regimes worldwide. It ranked fifth in a survey of 185 economies as it emerged that
      FILE PHOTO  -  618 words
    • Article
      Lock icon Q3 domestic wholesale trade down 5.2% year on year
      262 10 / 11  -  This was due to poor showing of petroleum and petroleum products By ANGELA TENG DOMESTIC wholesale trade fell 5.2 per cent year on year for the third quarter, dragged down by the poor showing of petroleum and petroleum products, said the
      262 words
    • Article
      Lock icon Moves to train 90 productivity consultants
      346 10 / 11  -  By NISHA RAMCHANDANI SPRING Singapore and the Workforce Development Agency (WDA) will invest $2.3 million over three years towards training 90 productivity consultants under two new training programmes. The consultants will specialise in the retail, food services and manufacturing sectors, helping industry players especially
      346 words
    • Article, Illustration
      Lock icon HDB launches 6,463 BTO flats in 7 projects
      856 10 / 11  -  Compassvale Mast in Sengkang the only site located next to MRT station By MINDY TAN THE Housing Development Board (HDB) has launched 6,463 new built-to-order (BTO) flats, bringing the total number of BTO units offered this year to 27,084, the largest BTO
      Source: HDB  -  856 words
    • Article, Illustration
      Lock icon Want higher productivity? Simple. Just get staff to do more
      330 10 / 11  -  By ZEINAB YUSUF SAIWALLA SINGAPORE companies are relying on their existing staff to improve productivity, rather than investing in technology, infrastructure or motivating staff with greater pay. A survey conducted by recruitment firm Robert Half found that 49 per cent
      330 words
  • Page 10 / 11 Advertisements
    • Advertisement
      Lock icon Page 10 / 11 Advertisements Column 1
      293 10 / 11 Perfect Mving with more room to grow and play, in the jieart of Singapore’s most desired district. i jai i r ■■naan; eras BIBS Brae ■flu I m IJ L Imi jjm i ii i i ft |Jlli!lir«3 i mi me ;«ill iUU Ufl vim n vmi, ■nwMHi /r ■taic:
      293 words
Page thumbnail Page 12
  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Najib: TRX will not affect KL’s property prices
      450 12  -  By S JAYASANKARAN in Kuala Lumpur THE Tun Razak Exchange (TRX), an ambitious financial district office complex in Kuala Lumpur, will catapult the city to the ranks of world-class cities but will not depress property prices as a result of a glut,
      450 words
    • Article
      Lock icon Maybank banking on Indonesia to drive profits
      522 12  -  Its contribution seen doubling by 2015 while Singapore’s could fall by a third By PAULINE NG in Kuala Lumpur MALAYAN Banking or Maybank sees Indonesia as a big driver of its future profits. It sees its international operations contributing 40 per cent of
      522 words
    • Article
      Lock icon Jakarta prepares food law in bid to become self-sufficient
      682 12 Reuters [JAKARTA] Indonesia has drafted a food law to speed self-suffi-ciency efforts by creating a new “super body” that could lead to greater curbs on imports and exports of staples, hinder muchneeded overseas investment and eventually push up prices. As Indonesia
      Reuters  -  682 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      208 12 MenSHealth Singapore URMimmON 2QW SIGN UP AT MENSHEALTH.COM.SG TOUCHER THAN EVER 9 URBAN OBSTACLES, 14KM ROUTE MAR 3,2013 (SUN] 7AM NICOLL HIGHWAY m tFJ Sr i US r L m I m iSL‘» SINGAPORE'S ORIGINAL URBAN OBSTACLE RACE IS BACK WITH NEW CHALLENGES AND OBSTACLES! EARLY BIRD SPECIAL: AT ONLY
      208 words
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      136 13 THE GREEN COLLECTION GOLF VILLAS BY ELEVATION ONE OF THE WORLD'S FINEST ADDRESSES IS NOW AVAILABLE FOR LEASE Hms. L AN UNPARALLELED LIFESTYLE WITH A WINDOW ONTO CHAMPIONSHIP GREEN VIEWS The Green Collection is the only residential development in Singapore situated on the fringes of an international championship golf course.
      136 words
Page thumbnail Page 14
  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Deepen urbanisation to boost growth: Vice-PM Li
      422 14 China faces risk of ‘middle-income trap’ as per-capita GDP reaches such level Bloomberg [BEIJING] Li Keqiang, set to become China’s premier in March, said the nation must deepen its rural-ur-ban population shift to support growth while avoiding the economic stagnation associated with middle-in-come
      Bloomberg  -  422 words
    • Article, Illustration
      Lock icon Senior woman leader to head Tianjin port
      384 14 Reuters [BEIJING] China has promoted one of its most senior female leaders to Communist Party chief of the northern port city of Tianjin, which the government is trying to turn into a global financial centre, state media said yesterday. Sun Chunlan, 62, will
      Reuters  -  384 words
    • Article
      Lock icon Indian reforms may get stalled in parliament
      711 14 Reuters [NEW DELHI] The Indian government, reduced to a minority for the first time since coming to power in 2004, is scrambling for support ahead of a parliament session that will severely test its economic reform agenda, and its chances of success look
      Reuters  -  711 words
    • Article
      Lock icon China banks’ net forex purchases up 23.8% in Oct
      242 14 Reuters [BEIJING] Chinese banks bought more foreign currency than they sold for clients in October, making net purchases of US$7.8 billion in over-the-counter transactions, figures from the State Administration of Foreign Exchange said yesterday. It marked a 23.8 per cent increase
      Reuters  -  242 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      338 14 FUTURE i i t i i i i t i f CHINA ADVANCED LEADERS PROGRAMME Up your China-quotient and join us on this experiential journey now! www.f utu rech i na-a I p. sg FC_ALP@businesschina.org.sg FAST TRACK TO BUSINESS SUCCESS IN CHINA Jointly conducted by Business China and Nanyang Business
      338 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 2
      36 14 KISS92P All the great songs in one p!ac_e_ w uttk a K iSi r --.-r. CATCH THE NISSAN KISS 92 KISS MOBILE TUNE IN TO KISS 92 TO FIND OUT WHERE WE’LL BE! kiss92.sg facebook.com/kiss92fm □@kiss92fm
      36 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 3
      55 14 THE PERFECT CHRISTMAS GIFT The best gift is one that lasts the whole year. This Christmas, enjoy 30% discount when you present someone a 12-month subscription of his/her favourite magazine. Log on to www.sphmagazines.com.sg/xmaspromo2012 or scan the QR code* now! You need to download a QR code reader app for
      55 words
Page thumbnail Page 15
  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Japan’s exports hit 3-year low; yen plummets
      906 15 Exports in October fall for a fifth month, down 6.5% from a year earlier Bloomberg [TOKYO] Japan is suffering its worst year for exports since the global contraction in 2009 as Europe’s crisis, China’s slowdown and a diplomatic dispute with the Chinese hurt
      Bloomberg; PHOTO: REUTERS  -  906 words
    • Article, Illustration
      Lock icon French reforms in focus after downgrade
      830 15 It must reassure markets to enjoy low borrowing rates AFP [PARIS] Pressure increased on Tuesday on France to reform its economy following a debt downgrade from ratings agency Moody’s, but financial market reaction was muted and the government stood by promises that change is
      AFP; PHOTO: REUTERS  -  830 words
    • Article
      Lock icon Big growth seen in US online shopping
      490 15 Early promotions, offer of free shipping and rise of mobile usage boost sector Reuters [SAN FRANCISCO] E-commerce is expected to grow strongly this holiday season, spurred by early online deals, the rise of mobile devices and more free shipping offers. Holiday sales will
      Reuters  -  490 words
    • Article
      Lock icon Crisis-hit Spain to pay the price of joining EU rich club
      564 15 Madrid may soon give more funds to the bloc than it gets AFP [MADRID] Blighted by recession and tottering on the edge of a sovereign bailout, Spain is about to pay the price of joining the club of richest
      AFP  -  564 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      61 15 Prestigious Italian fashion designer label currently not in use with 10-year registered trademark, national and international, for sale. Private negotiations. Please contact the e-mail below (in English): studiolegalecristini@,gmail.com STUDIO LEGALE AW. CRISTINI Via S. Senatore, 2 ***** MILANO MI (Italy) Choose from Prime Stock i Call 1800 289 8822 or
      61 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      133 15 Legend of the Seas 2012 /2013 2N MALACCA CRUISE Dep Date Feb 06 Mar 23 Port-of-call Singapore, Malacca 3N BEST OF MALAYSIA CRUISE Dep Date Nov 09,16, 23 30 Dec 07,14 26 Port-of-call: Singapore, Penang, Malacca Dep Date Feb 22 Mar 01,08 29 Port-of-call: Singapore, Penang, Port Klang 4N ISLES
      133 words
Page thumbnail Page 16
  • WORLD
    • Article, Illustration
      Lock icon Australia installs market ‘kill switch’
      540 16 Aim is to protect investors from volatility driven by automated trading Reuters [SYDNEY] The Australian government has introduced new market trading rules, including a “kill switch”, to protect investors from volatility caused by controversial super-fast compu-ter-driven trading. The government also launched further inquiries into high
      Reuters  -  540 words
    • Article, Illustration
      Lock icon UK to unveil minimum energy prices in 2013
      405 16 Govt to introduce electricity market reform bill next week Reuters [LONDON] Britain will outline the minimum prices that utilities will get for generating electricity from nuclear and renewable sources in June next year, the government said on Tuesday, a move that prolongs
      Reuters; PHOTO: BLOOMBERG  -  405 words
    • Article
      Lock icon Water tensions overflow in ex-Soviet Central Asia
      589 16 AFP [DUSHANBE, Tajikistan] The ex-Soviet states of Central Asia are engaged in an increasingly bitter stand-off over water resources, adding another element of instability to the volatile region neighbouring Afghanistan. Plans in mountainous but energy-poor Tajikistan and Kyrgyzstan for two of the world’s
      AFP  -  589 words
    • Article, Illustration
      Lock icon Foreign drinkers rescue Spanish bubbly
      584 16 AFP [SANT SADURNI D’ANOIA, Spain] Foreigners are throwing a lifeline to Catalonia’s famous bubbly, Cava, as it struggles against a Spanish recession and the risk of a boycott. Cava is more fruity and about half the price of its posher French cousin champagne, with an
      AFP; PHOTO: AFP  -  584 words
    • Article
      Lock icon Push for more emissions cuts by rich nations
      413 17 Responsibility for outcome of climate talks lies in their hands: Basic bloc Reuters [BEIJING] Talks on a new climate change treaty in Qatar next week will not advance unless rich countries promise more ambitious cuts to greenhouse gas emissions, four major developing
      Reuters  -  413 words
    • Article, Illustration
      Lock icon BOJ must shed freedom but keep the printing press
      377 17  -  REUTERS BREAKINGVIEWS By ANDY MUKHERJEE [SINGAPORE] The esoteric subject of central bank independence is becoming a polarising election issue in Japan. Both Prime Minister Yoshihiko Noda and his rival, the Liberal Democratic Party leader Shinzo Abe, want the Bank of Japan
      377 words
    • Article
      Lock icon A body scanner to help you shop online
      247 17 Reuters [LONDON] British researchers have come up with a new body scanning device that gives accurate measurements and could boost online clothes shopping. Shoppers are still nervous about ordering clothes online because they often do not fit and, some say, there will
      Reuters  -  247 words
    • Article, Illustration
      Lock icon Fiat touts Italian style in China car contest
      626 17 Returning after 5 yrs, brand faces slowing growth, competition AFP [SHANGHAI] Italian carmaker Fiat is returning to China five years after a failed joint venture, but now faces entrenched competition and slowing growth in the world’s biggest auto market. Fiat, the world’s
      AFP; PHOTO: AFP  -  626 words
    • Article
      Lock icon Turkey ‘making progress but risks remain’
      420 18 Structural drivers behind current account deficit will be slow to change: Moody’s Reuters [ISTANBUL] Ratings agency Moody’s said yesterday Turkey was making progress to reduce its debt and narrow its current account deficit, but said external imbalances remained a significant risk. The agency kept
      Reuters  -  420 words
    • Article
      Lock icon Deutsche Bank sees eurozone remaining intact
      307 18 Reuters [DUBAI] Deutsche Bank, Germany’s largest bank, expects the eurozone to remain intact and its slow pace of recovery to create opportunities for outside investors, its co-chief executive said yesterday. Deutsche Bank AG’s Anshu Jain told business leaders in Dubai that the chances of
      Reuters  -  307 words
    • Article, Illustration
      Lock icon Maid shortage as Brazil unemployment plunges
      854 18 Poor women pursue better-paying, higher-skilled jobs Bloomberg [BRASILIA] For a decade Geane Menezes earned no more than US$250 a month cleaning the home of a wealthy Brazilian family. Now she sells souvenirs at an airport store in the northeastern city of Recife and plans
      Bloomberg; PHOTO: AFP  -  854 words
    • Article, Illustration
      Lock icon Greece’s lenders fail again to reach deal on emergency aid
      671 20 They will try again next Monday but Germany says major differences remain Reuters [ATHENS] International lenders failed for the second week to reach a deal to release emergency aid for Greece and will try again next Monday, but Germany signalled
      Reuters; PHOTO: REUTERS  -  671 words
    • Article, Illustration
      Lock icon British Budget deficit widens to £8.6b in Oct
      529 20 Bloomberg [LONDON] Britain’s budget deficit unexpectedly widened in October as government spending surged and the economic slump hit tax revenue from company profits. The shortfall excluding government support for banks was £8.6 billion (S$16.7 billion) compared with £5.9 billion a year earlier,
      Bloomberg; PHOTO: REUTERS  -  529 words
    • Article
      Lock icon Glencore cleared by EU to buy Xstrata
      274 20 And it won’t have to sell German zinc plant to Nyrstar Reuters [LONDON] EU antitrust regulators have cleared commodity trader Glencore’s US$32 billion takeover of miner Xstrata, agreeing to virtually seal the deal without requiring major asset sales. Sources familiar with the matter
      Reuters  -  274 words
    • Article
      Lock icon HP’s Autonomy claims a cover for bad deals?
      600 20 Bloomberg [NEW YORK] Hewlett-Pack-ard’s (HP) claims of financial improprieties at Autonomy Corp have accounting experts questioning whether the allegations are an attempt to divert attention from yet another bad acquisition. HP said yesterday it recorded an US$8.8 billion writedown related to its
      Bloomberg  -  600 words
    • Article, Illustration
      Lock icon Sweden signals fourth cut in growth estimates
      423 20 Bloomberg [STOCKHOLM] Sweden’s Finance Minister Anders Borg signalled on Tuesday he probably needs to cut growth estimates for the US$500 billion economy for a fourth time this year even as he rejected speculation Sweden may need a crisis package to soften the blow.
      Bloomberg; PHOTO: REUTERS  -  423 words
    • Article, Illustration
      Lock icon High speed traders jolt US grains market
      1271 21 But exchanges say they are key to providing liquidity and price discovery Reuters [CHICAGO] The US grain industry says high speed computerised traders are disrupting their markets, but grain exchanges and regulators have no quick fix for the concerns, according to grain industry
      Reuters; PHOTO: AP  -  1,271 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      30 16 CHASING STARDUST Why many are willing to take on the challenges of Mumbai for a shot at stardom Asean-India car rally ready to roll from Singapore GET YOUR COPY TOMORROW
      30 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 2
      62 16 www.itshow.com.sg Join us at #1 LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE COMING SOON! 7th 10th MARCH 2013 MARINA BAY SANDS SINGAPORE EXCLUSIVE SHOW OFFERS, NEW PRODUCTS, GREAT BARGAINSAND HUGE SAVINGS FOR PERSONAL, BUSINESS OR HOME Organised By: (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX AND WORLD
      62 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      1989 17 3* KAT3 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 TEOW CHENG HOLDINGS (PTE.) LTD (In Members’Voluntary Liquidation) Co. Reg No. *****1483M NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of abovenamed Company, duly
      1,989 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      42 18 khstf2 A P/kwfiA cvctM o&S'h flritlwS KISS92 IS PART OF SPH RADIO NETWORK A $20,000 diamond is yours for a kiss Tune in to Kiss92 to find out how to make this diamond yours forever kiss92.sg Dfacebook.com/kiss92fm @kiss92fm 9 the Diamond guarantee
      42 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      84 19 HAPPY ARE THOSE WHO ARE DRIVEN TO DRINK. FOR THEY NEED NOT FEAR DRIVING HOME. DON’T DRIVE TO DRINK AND YOU’LL NEVER DRINK AND DRIVE. it C ‘I r c* r i m Tils f'fMi v ilV'.VV. 2 a M y u h SINGAPORE POLICE FORCE This community service message
      84 words
Page thumbnail Page 20
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      100 21 M S3B S5TV. ;vs? as 51V ms&m <y YOUR FIRST HOME TOGETHER. Get hitched without any housing plan hitches. With a wide array of rental and resale apartments vying for your attention, you could get your first home together sooner than you think. Log on to stproperty.sg to search for
      100 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      62 22 '••V it nr l K M V h» K i PIAGET GOUVERNEUR Piaget Manufacture movement 882P Mechanical self-winding chronograph Flyback, dual time Pink gold, sapphire case-back Alligator strap PiageT www.piaget.com i m PIAGET Boutiques: 01-11 Takashimaya Shopping Centre, Ngee Ann City, 391 Orchard Road. Tel: +65 6732 6831 Bl-35 The
      62 words
Page thumbnail Page 23
  • BUSINESS EXCELLENCE
    • Article, Illustration
      Lock icon Gaining that extra edge
      999 23  -  Firms that embrace good management practices have proven to be more productive than their rivals, findsNISHA RAMCHANDANI NISHA RAMCHANDANI COMPANIES that adopt good management practices are well-placed to outperform competitors as they become more productive and are in a better position to share such gains with
      FILE PHOTO  -  999 words
    • Article, Illustration
      Lock icon Redefining the shopping experience
      1057 24  -  Investing in technology and training staff yield significant gains for Wing Tai Retail, reportsNISHA RAMCHANDANI reportsNISHA NISHA RAMCHANDANI FASHION and lifestyle firm Wing Tai Retail is driving productivity by leveraging on technology and nurturing its human capital, reaping gains that are helping the firm navigate the
      1,057 words
    • Article, Illustration
      Lock icon Keeping an eye out for good ideas
      1075 26  -  Singapore Customs is evolving all the time to better perform its dual roles of regulator and trade facilitator. NISHA RAMCHANDANIhas the details NISHA RAMCHANDANI FACED with an increasingly complex environment, Singapore Customs is constantly changing and improving to better perform its twin roles
      1,075 words
    • Article, Illustration
      Lock icon Never letting its guard down
      1431 27  -  The SPS is moving beyond traditional prison services, by playing a bigger role in the aftercare of ex-inmates as well as focusing on the career development of its officers, reports nisha ramchandani reportsNISHA reportsNISHA RAMCHANDANI OVER the years, the Singapore Prison Service (SPS) has not
      1,431 words
    • Article, Illustration
      Lock icon Bringing out their best
      2240 30 WITH productivity being high on the agenda this year, companies tell BT how they are using the Business Excellence framework to raise productivity and improve operations in today’s competitive landscape. Q: How does business excellence help companies and organisations boost productivity and remain competitive? Mr Goh:
      PHOTO: STOCK.XCHNG  -  2,240 words
    • Article, Illustration
      Lock icon A way to deliver better results
      1426 32 The business excellence initiative helps large and small organisations understand how they are performing against their mission and vision IN today’s global economy of increased competition and slower growth, businesses have to continuously adapt their strategies to tackle external challenges while strengthening their internal
      PHOTO: STOCK.XCHNG; PHOTO: STOCK. XCHNG  -  1,426 words
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      588 23 Ti V A sharpened consumer-focus at ACE Insurance Operating in Singapore since 1948, ACE Insurance Limited is a general insurer with expertise in Accident Health, Personal Business Insurance and Property Casualty Insurance.The 'A+/Stable' financial strength and counterparty credit ratings by Standard Poor's is indicative of ACE's robust capitalisation. Over the
      588 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      766 24 FIRST TCM COMPANYTO ACHIEVE Science Arts Co Pte Ltd is a holistic Traditional Chinese Medicine (TCM) company which started out in 1969 as a distributor of medical supplies. It has grown to become an importer of branded as well as manufacturer and distributor of TCM products healthcare supplements in Singapore,
      766 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      962 25 Business Excellence Certifications Honour Roll 2012 These are the organisations that have been certified from 1 October 2011 to 31 October 2012 QUALITY CLASS STAR Accounting and Corporate Regulatory Authority Singapore Agri-Food Veterinary Authority of Singapore Building Construction Authority Catholic High School Financial Alliance Pte Ltd Global Indian International School
      962 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      122 26 Jones Lang LaSalle delivers high quality property management and exceptional customer service Certified by SPRING Singapore for its service excellence since 2005, Jones Lang LaSalle Property Asset Management is proud to be awarded SQC certification for all-round business excellence. By attaining both Singapore Quality Class and Singapore Service Class, we
      122 words
    • Advertisement
      Lock icon Page 26 Advertisements Column 2
      115 26 LornaWhiston Real Learning, Real Experience r V m i t»ee 4 v SS I SINGAPORE EDUCATION AWARDS QUALITY CLASS www.lornawhiston.com Winning the title 'Best Enrichment Experience' is a testament to our consistency and impeccable standards for quality education. At Lorna Whiston, we are committed to education excellence and to providing
      115 words
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Lock icon Page 27 Advertisements Column 1
      88 27 WING TAI’S STARS EARN THEIR STRIPES Wing Tai Retail is honoured to be the first fashion retailer to be awarded the prestigious Singapore Quality Award The Singapore Quality Award is a testament not only to the ongoing dedication, passion and teamwork of Wing Tai’s staff but also to our company’s
      88 words
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      840 28 TRAV R V I CTC Travel marks another milestone in service excellence as the FIRST company in the travel services sector to receive the Singapore Service Class (S-Class) Certification. Adaptive with the times and changes through the years, CTC Travel is now bigger than ever to fulfill all your travel
      840 words
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Lock icon Page 29 Advertisements Column 1
      229 29 JCU SINGAPORE www.jcu.edu.sg E jcu.singapore.fanpage jj| jcusingaporevideo @jcu_singapore email enquiries@jcu.edu.sg or call 8222 6833 for more information James Cook Australia Institute of Higher Learning 1600 Upper Thomson Road, (S) *****1 CPE Registration No. *****0786K Period of Registration: 13 July 2010 to 12 July 2014 I V I r 4 T
      229 words
Page thumbnail Page 30
  • Page 30 Advertisements
    • Advertisement
      Lock icon Page 30 Advertisements Column 1
      188 30 /<> leFIRST Making asy. Fair and TRADOICHANGE t Connecting Husme **«|j Global Trade I r\ C 6? a kf r L/ w Goo^J f «sStF 1—4 ff ~T i*' ;C i f w w fTQ X MAKING TRADE EASY, FAIR AND SECURE Trade is the lifeblood of Singapore's economy. Singapore
      188 words
Page thumbnail Page 31
  • Page 31 Advertisements
    • Advertisement
      Lock icon Page 31 Advertisements Column 1
      140 31 Financial Alliance Reaches The Star 44 To be a star, you must shine your own light, follow your own path, and don't worry about the darkness, for that is when the stars shine brightest. Financial Alliance is honoured to have been awarded the SOC Star by SPRING Singapore. We achieved
      140 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      148 32 PASSION IS KEY Bl A PRISON OFFICER BE A CAPTAIN 01IIVES SINGAPORE U PRISON SERVICE hf Over the years, the Singapore Prison Service has continued to stay true to our commitment in balancing the needs for the safe and secure custody of inmates and the challenge of undergoing a marked
      148 words
Page thumbnail Page 33
  • Page 33 Advertisements
    • Advertisement
      Lock icon Page 33 Advertisements Column 1
      161 33 THOMSON MEDICAL Wa -m P K I 3 New Exciting Initiatives BABY WASH 3 BOTTOM BUM Easing the Journey into Motherhood Imagine the convenience of having delicious, wholesome confinement meals delivered fresh daily to your door. Imagine enjoying peace of mind supported by the comforting care of a confinement nanny
      161 words
Page thumbnail Page 34
  • EDITORIAL & OPINION
    • Article
      Lock icon Obama underlines commitment to Asia
      509 34 EDITORIAL JUST 10 days after his re-election, with the east coast of America still picking up the pieces from a super storm and the economy teetering on the brink of a fiscal disaster, US President Barack Obama takes off on a three-na-tion trip to South-east
      509 words
    • Article, Illustration
      Lock icon Beijing seems to have a solid succession assembly line
      780 34  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 WHEN Hu Jintao became China’s leader a decade ago, many hoped that the quiet, taciturn 59-year-old would turn out to be a
      780 words
    • Article, Illustration
      Lock icon Romney lost but white voters more aggrieved
      1049 34  -  A site aptly named ‘White people mourning Romney’ is the lastest to go viral By MYCHAL DENZEL SMITH Mychal Denzel Smith is a writer, social commentator and mental-health advocate Washington Post THE 2012 presidential election was historic, not just because of the re-election
      Washington Post; PHOTO: REUTERS  -  1,049 words
    • Article, Illustration
      Lock icon No winner (yet) in LDP-BOJ clash
      1233 35  -  Betting on the victor is tricky as each party has a certain amount of right on its side ANTHONY ROWLEY Tokyo Correspondent BATTLE is being joined between Japan’s “government in waiting” (or prospective prime minister Shinzo Abe and his close colleagues to be precise)
      PHOTOS: BLOOMBERG, AFP  -  1,233 words
    • Article, Illustration
      Lock icon More of a fiscal slope than a cliff
      873 35  -  By SIMON JOHNSON The writer is a professor at MIT’s Sloan School of Management and the co-author of White House Burning: The Founding Fathers, Our National Debt, And Why It Matters To You in Washington IN early 2012, Federal Reserve chairman Ben
      873 words
    • Article
      Lock icon Complex structures for listed entities not investor-friendly
      663 35  -  LETTER TO THE EDITOR Mak Yuen Teen associate professor, NUS Business School I REFER to the opinion piece “Time to tighten rules for business trusts?” by Teh Hooi Ling (BT, Nov 21). The Business Trusts Act replicates many of the provisions in the
      663 words
Page thumbnail Page 35
Page thumbnail Page 36
  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon CAAS inks air traffic mgt deals with 4 organisations
      380 36  -  Agreements to set in motion a wide range of collaborative activities: CAAS By VEN SREENIVASAN [SINGAPORE] The Civil Aviation Authority of Singapore (CAAS) achieved another milestone in its efforts to establish the Republic as a centre of excellence for air traffic
      380 words
    • Article, Illustration
      Lock icon easyJet to raise payout as profit surges
      460 36 Reuters [LONDON] British low-cost airline easyJet pledged on Tuesday to pay a higher dividend after outperforming the sector with a 28 per cent rise in full-year profit that was helped by a surge in late summer demand. Europe’s second-largest budget airline after Ryanair
      Reuters; PHOTO: AFP  -  460 words
    • Article
      Lock icon Floatingheliport for Sydney Harbour
      175 36 AFP [SYDNEY] Wealthy executives and tourists visiting Sydney will be able to flit directly to the city’s famous harbour after the government announced on Tuesday that it will allow a floating heliport. The heliport will be the first in the city for more than 20 years
      AFP  -  175 words
    • Article
      Lock icon Airlines ensuring flights take off on time
      673 36 NYT [ATLANTA] Next time you dawdle at the duty-free store or an airport bar, thinking you have a few more minutes until your flight is set to go, know this: The plane’s doors might have already closed. There is a lot to complain
      NYT  -  673 words
    • Article
      Lock icon TRANSPORT STOCKS
      253 36 SGX '000 Nov 21 S$ +/-Vol CH Offshore 0.44 0.01 293 Chuan Hup Hldg 0.24 unch 163 Cosco Corp 0.89 0.02 4599 s$ Ezra Hldgs 1.03 0.02 2554 First Ship Lea 0.12 unch 329 Freight Links 0.06 unch 334 Grand Banks unch unch 0 Jaya Hold Ltd 0.55
      253 words
    • Article
      Lock icon CM A CGM sees profit, nears debt deal with banks
      377 36 Reuters [PARIS] CMA CGM, the world’s third-largest container shipping group, said on Tuesday that it was on course for a full-year profit and expected to finalise a debt restructuring deal with banks in January. The French familyowned firm has been
      Reuters  -  377 words
    • Article
      Lock icon Maersk plans to idle two supertankers
      270 36 Bloomberg [LONDON] AP Moeller-Mae-rsk, the world’s largest shipping company by market value, will idle two supertankers, predicting this year’s biggest rally in rates won’t last because of a glut of the vessels. The Maersk Nucleus and Maersk Nautilus, each able to hold two million
      Bloomberg  -  270 words
    • Article
      Lock icon The Business Times Shipping Times
      1951 37 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
      1,951 words
  • Page 36 Advertisements
  • Page 36 Miscellaneous
    • Miscellaneous
      Lock icon Page 36 Miscellaneous Column 1
      289 36 CRYPTIC CROSSWORD Across 1 Head of department drops alternative claim (7) 5 Bags to carry new light bites (6) 9 Amphibian, male, Rex found in the gloom (8) 11 Ethical drug gives confidence (6) 12 Rejection for ex-GI band (4) 13 The abstract art I state to be spectacular (10)
      289 words
Page thumbnail Page 37
  • Page 37 Advertisements
Page thumbnail Page 38
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2931 38 Transaction date: Nov 21 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 Company Last Sale Vol Day Last Quote (’000) High Low Buyer Seller 149.5 92.5 AIMSAMPIReit 139 +0.5 448 140 138.5
      2,931 words
    • Article
      Lock icon SGX CATALIST
      179 39 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 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale C000) High Low Buyer Seller C’vr P/E Smil 12.1
      179 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8414 39 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited China Opportunities 2 6992/ FM local Cry Bond 0
      8,414 words
    • Article
      Lock icon GLOBALQUOTE
      189 39 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 41.5 26 Genting HK US$ US31.5 -0.5 2257 32 31 31 31.5 2074.1 Last 228 169 TanChongInt HK212 202 212 4.3 3.3 7.1 4269.5 STOCK PRICES
      189 words
    • Article
      Lock icon SGX ETF
      912 39 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 128.9 120.4 CIMB APAC Div 100S$D 125 123.8 124.7 105.5 95.8 CIMB APAC Div 100US$ US105.5 100.8 101.6 11.1 1323 1246 CIMBASEAN40 100S$D 1291 1281
      912 words
Page thumbnail Page 39
Page thumbnail Page 40
  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      641 40 Nov 21 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9213.73 9248.98 9161.21 Dec12 9110.00 9260.00 9090.00 9215.00 ***** *****2 Mar13 9110.00 9235.00 9110.00 9195.00 80 2163 MSCI TAIWAN INDEX FUTURES SPOT 257.15 258.01 253.91 Nov12 256.60 258.20 253.10 254.80 ***** *****8 Dec12 255.30
      641 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 40 In local curr In S$ In US$ dy yr dy yr dy yr Nov 20 Index Change Change Change Change Change Change World Preliminary 900.7 0.1 8.5 0.1 2.3 0.0 8.3 EAFE Preliminary 731.2 0.2 7.2 0.1 0.6 0.0 6.5 Europe Preliminary 1103.7 0.3 7.5
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      94 40 As on 20 November 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1735.60 1723.00 1723.30 INDIA GOLD (E-GOLD) FUT DEC2012 578.15 574.60 575.70 CURRENCY EUR-USD FUT DEC2012 1.2830 1.2778 1.2804 BASE METAL COPPER FUT DEC2012 7787 7737 7750 INDEX IRON ORE (MBIO) IDX
      94 words
    • Article
      Lock icon CHICAGO BOT
      107 40 Nov 20 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 13 1412.75 1394.75 1416.00 1380.75 Mar 13 1396.25 1382.00 1399.00 1366.00 May 13 1379.00 1365.75 1380.50 1351.00 Jul 13 1372.25 1358.75 1374.50 1344.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 48.32
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 40 CRUDE OIL PRODUCTS Nov 20 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.19 -1.04 WTI (Near Mth) 86.71 -2.17 Dubai (1-Mth F) 108.33 1.53 Tapis blend 116.27 1.72 Minas 109.85 1.72 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.5 0.11 Jet Kerosene 126.85 1.13 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 40 Nov 21 S$ Bid Offer 1-month 1.2256 1.2259 2-months 1.2256 1.2259 3-months 1.2256 1.2260 6-months 1.2256 1.2260 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      64 40 Nov 20 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1946.50 1955.00 3 months 1964.00 1977.00 Copper, Grade A(US$/tonne) Cash 7770.00 7793.00 3 months 7783.00 7804.00 Lead(US$/tonne) Cash 2171.00 2198.00 3 months 2170.00 2191.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
      64 words
    • Article
      Lock icon LIFFE
      80 40 Nov 20 COCOA (£/tonne) Close Prev High/Low Dec 12 1579 1560 1585/1559 Mar 13 1577 1556 1584/1556 May 13 1583 1562 1591/1563 Jul 13 1590 1569 1596/1573 COFFEE(US$/tonne) Close Prev High/Low Nov 12 1862 1896 1896/1860 Jan 13 1870 1898 1902/1861 Mar 13 1885 1913 1919/1876 May 13 1899
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      831 40 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 4 1 146 408 7.37 18 Conv Ratio Exer Best World Intl Ltd W*****5 0.3 1 30 84 55.00 8 Prem Disc Biosensors Int'l Group.ES.1211 114 Expiry FTSECHINAA50
      831 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 40 Nov 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.034 6.456 0.812 8.032 57.274 99.858 0.850 11.223 3.175 1.273 99.443 42.651 1.270 9.233 0.978 30.211 31.837 0.652 1.036 Canada 0.967 6.242
      470 words
    • Article
      Lock icon SIBOR
      60 40 Nov 21 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
      60 words
    • Article
      Lock icon PRECIOUS METALS
      134 40 Nov 21 GOLD(US$/oz) Nov 20 Nov 21 Hong Kong 1742.40 1734.00 Nov 19 Nov 20 London 1733.10 1730.20 1733.85 1731.00 Source: Thomson Reuters CAST BAR Nov 21 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 153 68 5gm 434 340 10gm 775 680
      134 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      82 40 Nov 21 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 21-Feb-13 0.24 6-Month BS*****A 16-May-13 0.26 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.07 5-Year N*****0Z 2.375 01-Apr-17 108.65
      82 words
    • Article
      Lock icon PALM OIL
      57 40 Nov 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 12 2360.0 2369.0 2360.0 2338.0 552 5313 Jan 13 2423.0 2426.0 2426.0 2394.0 6728 ***** Feb 13 2459.0 2457.0 2460.0 2427.0 ***** ***** Mar 13 2490.0 2497.0
      57 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 40 Nov 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2699 1.2705 1.0362 1.0365 Canadian dollar 1.2277 1.2285 1.0022 1.0018 Euro 1.5639 1.5646 1.2761 1.2764 NZ dollar 0.9976 0.9980 0.8140 0.8142 Sterling pound 1.9485 1.9493 1.5900 1.5902
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 40 As at 9am Nov 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.303 1.241 Can dollar 1.258 1.199 Euro 1.607 1.531 Sterling pound 1.988 1.912 NZ dollar 1.034 0.976 US dollar 1.249 1.19 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 40 Nov 21 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.65 0.45 9 months 0.80 0.60 12
      154 words
Page thumbnail Page 41
  • PROPERTY
    • Article, Illustration
      Lock icon Restoring Japan’s old homes is big business
      1489 41 Reselling or renting out to tourists old houses restored to ancient styles can yield very high returns Bloomberg [TOKYO] The air reeked of abandonment when architect Hiroyuki Kuroki first walked into a circa-1929 Kyoto townhouse with sunlight shining through holes in the ceiling
      Bloomberg; PHOTO: BLOOMBERG  -  1,489 words
    • Article
      Lock icon Househunt
      913 41 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 20 WITH CONTRACT DATES BETWEEN OCT 24 AND OCT 30, 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 V On Shenton Apt 30/10/2012 99 441 950 2154 V On Shenton Apt
      913 words
    • Article
      Lock icon Accor aims for 700 Asia-Pacific hotels by 2015
      620 42  -  Group sees growth potential in 3 key markets: China, Indonesia and India By NISHA RAMCHANDANI [SINGAPORE] Europebased Accor will scale up its presence in the Asia-Pa-cific over the next three years growing from 550 hotels to 700, focusing largely on management contracts
      620 words
    • Article, Illustration
      Lock icon HK investors snap up pricey car parks
      457 42 Reuters [HONG KONG] Hong Kong investors are snapping up car parking spaces, raising fears of a bubble after government moves to cool soaring property prices last month drove speculators to seek new options. One investor had put a total price tag of HK$100
      Reuters; PHOTO: BLOOMBERG  -  457 words
    • Article
      Lock icon Apple’s spaceship-like headquarters to arrive later than planned
      501 42 Bloomberg [SAN FRANCISCO] Apple Inc said that the construction of a new spaceship-like headquarters with a circular design in Cupertino, California, won’t be completed until mid 2016, later than originally projected, as the company revises its plans. The iPhone maker included the
      Bloomberg  -  501 words
    • Article
      Lock icon Australian industrial properties catching foreign investors’ eye
      362 42 Values in the state, territory capitals surge to 4-year high Bloomberg [SYDNEY] Australian prime industrial properties are drawing interest from global investors as rental growth recovers to levels not seen since the collapse of Lehman Brothers Holdings Inc in 2008, according to CBRE
      Bloomberg  -  362 words
    • Article, Illustration
      Lock icon Cathay unit buys Upper Paya Lebar industrial building
      698 43  -  It pays $31.8m for Tropical Industrial Building near Tai Seng MRT Station By KALPANA RASHIWALA [SINGAPORE] A unit of Cathay Group is understood to have bought an eight-sto-rey freehold industrial building in Upper Paya Lebar for $31.8 million. The price being paid
      PHOTO: FINE GRAIN PROPERTY; PHOTO: DTZ  -  698 words
    • Article
      Lock icon CBRE expands service offering with new capital advisory team
      349 43  -  By MINDY TAN [SINGAPORE] CBRE has added a capital advisory team to its unit, drawing a team of veterans who will be led by Nick Crockett, formerly head of Jones Lang LaSalle’s (JLL) Asia Pacific Corporate Finance Group. The CBRE Capital
      349 words
    • Article
      Lock icon Saudi Arabia moves mortgage law forward with finance rules
      497 43 It is seeking to ease housing shortage via new regulations Bloomberg [DUBAI] Saudi Arabia’s central bank issued regulations on real estate financing, leasing and supervision of financial companies as the kingdom attempts to ease a housing shortage by opening up its
      Bloomberg  -  497 words
  • Page 41 Advertisements
    • Advertisement
      Lock icon Page 41 Advertisements Column 1
      74 41 3 FOR SALE BY TENDER 700 BEACH ROAD Modern, Stylish 8-storey Office Building Suitable for Corporate Headquarters Prime Beach Road Location Nicoll Highway MRT 99 year lease (w.e.f. 2004) Site Area 18,400 sqft GFA 76,445 sqft Tel: 6435 0277 Tender Closing: Monday, 10 December 2012, 3pm COLLECTIVE SALE BY OWNERS—100%
      74 words
Page thumbnail Page 42
  • Page 42 Advertisements
    • Advertisement
      Lock icon Page 42 Advertisements Column 1
      102 42 FOR SALE BY TENDER CITY FRINGE FREEHOLD LIGHT INDUSTRIAL BUILDING Land Size 2,223.7 sqm (23,935.6 sqft approx) MP 2008 Business 1 Use with GPR of 2.5 100% Consensus; Legal Completion within 3 months Close Proximity to Kallang Aljunied MRT Stations Near Future Kallang Riverside Waterfront Development Ideal as Corporate HQ
      102 words
    • Advertisement
      Lock icon Page 42 Advertisements Column 2
      131 42 CROWN CENTRE FOR SALE ENTIRE GROUND FLOOR RETAIL SPACE freehold v. v s T H 7 /V Extremely rare opportunity to acquire ALL of the ground floor strata retail units in a mall (total 19 units) Freehold Approx 50m wide frontage facing Bukit Timah Road with road frontage along King’s
      131 words
    • Advertisement
      Lock icon Page 42 Advertisements Column 3
      89 42 BANGKOK, THAILAND FREEHOLD Condominium HIGH Capital Appreciation HIGH Rental Yield Returns LEASING Service Provided EASY Access to Train Stations PRIME Location in Sukhumvit 11 Call 8338 5726 to REGISTER NOW! ECG HO PROPERTY 3R J ll7/ Am erican Srh nea r American Sch^4+? ne ar ns .V'te, 2 car a"
      89 words
Page thumbnail Page 43
  • Page 43 Advertisements
    • Advertisement
      Lock icon Page 43 Advertisements Column 1
      273 43 International Property Group Pte Ltd A Singapore based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region of Singapore. We deal with Sales Leasing of the following types of assets 3 4 Star Hotels Shopping Mall Office Commercial Buildings Boutique Budget Hotels Commercial Shophouses Strata Office Units
      273 words
    • Advertisement
      Lock icon Page 43 Advertisements Column 2
      238 43 Jones Lang LaSalle Real value in a changing world AUCTION SHERIFF’S SALE IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE In the Cause of Writ of Seizure Sale No. 35 of 2012 S Between MARIAM AZIZ (Brunei Darussalam PR No F*****9) Plaintiff(s)/Execution Creditor(s) And FATIMAH KUMIN LIM (NRIC No.
      238 words
    • Advertisement
      Lock icon Page 43 Advertisements Column 3
      73 43 I PRO :RTIES FOR LEASE •u 50 KALLANGAVE CORPORATION PLACE Elizabeth 6508 8772 9025 5327 V r If rrr» rr s'i rr rr fcs rr r-tn’ A) .rr i- r err rr"Tit ascendas ’OINT PACIFIC TECH CENTRE a-reir Space to be spacetobe.com.sg J 1 L lJ FIND THE ONES THAT
      73 words
Page thumbnail Page 44
  • Page 44 Advertisements
    • Advertisement
      Lock icon Page 44 Advertisements Column 1
      288 44 I p GrandWdrk V oi i Aim SINGAPORE QUALITY GLASS A FITTING TRIBUTE AT THE BUSINESS EXCELLENCE AWARDS 2012 “Grandwork Interior is proud to be honoured for Business Excellence. Being part of the privileged group of SQC companies allows us to gain recognition as a valuable enterprise and a well-rounded
      288 words