The Business Times, 28 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: 40
1 40 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, November 28, 2012
    25 words
  • Article, Illustration
    Lock icon Muddy Waters report gives the Olam pot another stir
    1026 1  -  Olam dismisses report that values it on ‘liquidation basis’ and questions its solvency, business model By JOYCE HOOI ANDREA SOH [SINGAPORE] Muddy Waters finally put its mouth where its money was yesterday with a 133-page report on Olam detailing what it
    1,026 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3011.91 (+7.41) GST INDEX FUTURES 3,012.00 (+7.00) GSIMSCI 341.68 (+1.74) GSIMSCI FUTURES 341.90 (+2.00) us$ s$ US$ (S$ per US$) 1.222 (US$/S$ per 1.604 1.960 EURO (US$/S$/€) 1.299 1.587 Foreign currency per US$ S$ YEN 82.30 67.40 RM 3.044 2.492 HK$ 7.750 6.344 BAHT 30.67 25.10 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,591.17 -9.71 NIKKEI 225 9,423.30 +34.36 HANG SENG 21,844.03 -17.78 SET INDEX 1,297.03 +6.18 JAKARTA COMP 4,337.51 -37.66 MANILA COMP 5,586.45 +7.03 SEOUL COMP 1,925.20 +16.69 SHENZHEN B 604.58 -2.24 MUMBAI IND 18,842.08 +305.07 11am EST Change DOW 12,925.71 -41.66 NASDAQ 2,969.91 -6.87
      48 words
    • Article
      Lock icon PRIME RATES
      16 1 SINGAPORE 5.38 MALAYSIA 6.55 HONGKONG 5.00 INDONESIA 14.533 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      16 words
  • Article, Illustration
    Lock icon Markets borrow a smile from Greek debt deal
    785 1  -  Stocks rise, bond yields fall as Greece accepts incentive to shave off its debt By NEIL BEHRMANN in London EUROPEAN stock markets rallied and the euro touched a three-week high after the International Monetary Fund (IMF), eurozone nations and the European Central
    PHOTO: AP  -  785 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      108 1 EOY AWARDS John Lim wins Ernst Young entrepreneur award PAGES 8, 23-31 EXEC MONEY Don’t expect aggressive reforms in China PAGE 40 PROPERTY Tough call on residential land supply for H1 2013 PAGE 2 STRAIT TALK Paying for climate change PAGE 20 8 *****1 *****4 Deutsche Bank db.com Global strength
      108 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon Protest by SMRT bus drivers deemed illegal strike
      669 2  -  Chuan-Jin says they crossed the line and there is zero tolerance for such action By ONG CHOR HAO [SINGAPORE] An illegal strike held by a group of SMRT bus drivers will be dealt with in accordance to the law, Acting Minister for
      669 words
    • Article
      Lock icon Tough call on H1 2013 residential land supply
      1057 2  -  Govt has to weigh looming oversupply versus soaring home sales, among others By KALPANA RASHIWALA [SINGAPORE] It will be a tough call for Ministry of National Development (MND) to determine the supply of land for private housing development for H1 2013, as
      1,057 words
    • Article
      Lock icon Capital goods orders up; 4-year high for consumer confidence
      443 2 LATEST US DATA AP Bloomberg [WASHINGTON] US companies in October increased their orders of machinery and equipment that signal investment plans by the largest amount in five months, a hopeful sign for future economic growth. Another indication of better times ahead,
      AP; Bloomberg  -  443 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      417 2 Muddy Waters report stirs the Olam pot MUDDY Waters finally put its mouth where its money was yesterday with a 133-page report on Olam detailing what it claims are the commodity trader’s shortcomings, and recommending a “strong sell”. After an “initial read” of the report, Olam said yesterday
      417 words
    • Article
      Lock icon Correction
      39 2 IN “Labour costs bite, but SMEs cling to old ways” (BT, Nov 27), we wrongly attributed a quote to UOB senior economist Alvin Liew. It should have been DBS economist Irvin Seah. We are sorry for the error.
      39 words
    • Article, Illustration
      Lock icon Muddy Waters tries to settle accounting score with Olam
      756 3  -  It questions Olam’s non-cash accounting gains, solvency and capital expenditure By JOYCE HOOI [SINGAPORE] US research firm Muddy Waters waded into Olam’s numbers and came up with some of its own in its lengthy report yesterday, taking the commodity trader to
      PHOTO: BLOOMBERG  -  756 words
    • Article
      Lock icon Muddy Waters queries Olam’s Nigerian subsidies
      526 3  -  It believes Olam’s profits are reliant on the EEGs, which shrink over time By ANDREA SOH [SINGAPORE] The Nigerian export subsidies that Olam enjoys came under the spotlight once again, almost two years after equity broker CLSA first published a report pointing out Olam’s
      526 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
      496 3 M3ep HOROLOGICAL LAB LEGACY MACHINE N I UNIQUE FLYING BALANCE WHEEL AND VERTICAL POWER RESERVE COMPLETELY INDEPENDENT DUAL TIME ZONES I8KWHITEOR RED GOLD 279 COMPONENTS 23 JEWELS WWW.MBANDF.COM V as mm v I n a) v V ii 11! v y i' THE HOURGLASS SINGAPORE PARAGON MORE PASSION ION ORCHARD
      496 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      80 4 WIN THE PEREECT10 DUYOl!l«c£pSa*if nuYOiu nk IPS v A WAV S m s •V 2 v 25 m V Wfi M s t i 10 I f IKARTOIIIMi; 3® S We are 10 YOUR LAST CHANCE TO WIN 1 OUT OF 10 WATCHES IN OUR EXCLUSIVE NUYOU TIME 10TH ANNIVERSARY
      80 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      178 4 Ck For More Information, Please Contact: Email: regine.hoo@alleventsgroup.com Email: ticketing@alpha-asia.com Tel: +65 6506 0965 2012 asia asia's premier investment forum 3 DEC 2012 Resorts World Sentosa, Singapore OVER NETWORK WITH 500 INTERNATIONAL BUSINESS LEADERS ■v 7 KEYNOTE ADDRESS: SEEKING ALPHA IN EMERGING MARKETS Jim Roger, Investment Guru, Self-Made Billionaire Jim
      178 words
  • COMPANY NEWS
    • Article, Illustration
      Lock icon Double boost for Straits Trading
      576 4  -  Stock up 8.75% on hospitality alliance, possible general offer for WBL By MINDY TAN SHARES in The Straits Trading Company (STC) surged 28 cents or 8.75 per cent yesterday to $3.48, after the group unveiled a planned strategic alliance in the hospitality sector with members
      Source: Bloomberg  -  576 words
    • Article, Illustration
      Lock icon Westgate mall draws healthy interest
      435 4  -  Half the retail space pre-leased a year ahead of opening By ONG CHOR HAO THE mall in the upcoming Westgate development in Jurong East has seen healthy interest a year ahead of its targeted opening in December next year. CapitaMalls Asia (CMA), CapitaMalls Trust and
      PHOTO: CAPITALAND  -  435 words
    • Article
      Lock icon Pacific Andes and China Fishery shares take a hit
      365 4  -  By TEO SI JIA SHARES of Pacific Andes Resources Development and its unit China Fishery Group took a beating yesterday after they posted full-year financial results that disappointed the market. The stock of Pacific Andes plunged 1.4 cents or 9.4 per
      365 words
    • Article
      Lock icon SGX eyes single-stock options within 2 years
      586 5  -  It also hopes to gain US recognition as a derivatives clearing house: president By KENNETH LIM SINGAPORE Exchange (SGX) is discussing with brokers and could have sin-gle-stock options in the next 15 to 18 months now that technological constraints have been lifted, SGX
      586 words
    • Article
      Lock icon Citigroup upgrades UOB and OCBC
      420 5  -  By LEE MEIXIAN CITIGROUP yesterday upgraded two Singapore banks, citing favourable risk-rewards if net interest margins (NIM) stabilise and macro data improves in the coming quarters. It raised United Overseas Bank Ltd (UOB) to “buy” from “sell” with a target price of $20.30, up from
      420 words
    • Article
      Lock icon Ayudhyabank CEO resigns, sparking talk of GE pullout
      220 5 Reuters [BANGKOK] The chief executive of Bank of Ayudhya Pcl, part-owned by General Electric, has resigned, a move which some investors saw as a signal that the US firm is selling its remaining 25 per cent stake in Thailand’s fifth-largest lender. Mark
      Reuters  -  220 words
    • Article
      Lock icon Haiyi making bid for rest of SingXpress Land
      438 5  -  Preference share conversion gives offeror 62% stake By FELDA CHAY CATALIST-LISTED property developer SingXpress Land called for a trading halt late yesterday, after Haiyi Holdings said it will make a mandatory unconditional cash offer for SingXpress shares it does not already own
      438 words
    • Article, Illustration
      Lock icon Deliver results, that is the spirit of Dukang
      661 7  -  CEO shares his views on how to handle negative perception of S-chips Reports by CAI HAOXIANG S-CHIPS, or Chinese companies listed in Singapore, may have a tarnished reputation with investors here because of a string of accounting scandals in the sector in
      PHOTO: ARTHUR LEE  -  661 words
    • Article
      Lock icon No plans to delist from Singapore
      262 7 DUKANG Distillers Holdings Ltd has no plans to delist from Singapore and Taiwan and list on the Shanghai Stock Exchange (SSE), the Chinese baijiu maker said yesterday in response to Taiwanese media reports. Dukang is listed on the Singapore Exchange (SGX) mainboard and trades
      262 words
    • COMPANY BRIEFS
      • Article
        Lock icon Luye Pharma Group to be delisted tomorrow
        39 7 Offeror Luye Pharmaceutical Investment Co Ltd now holds all the shares in Luye Pharma Group after exercising its right of compulsory acquisition. Luye Pharma Group will be delisted from Singapore Exchange tomorrow.
        39 words
      • Article
        Lock icon Harry’s expects lower revenue
        59 7 HARRY’S Holdings expects its revenue for the financial year ending Dec 31, 2012, to be affected by lower than expected sales, non-recurring costs and expenses incurred for the reinstatement of four operating venues which had been shut down, and non-recurring costs and expenses related to the
        59 words
      • Article
        Lock icon SGX enhances clearing member service
        94 7 SINGAPORE Exchange (SGX) said yesterday that it has successfully completed its first compression of cleared Singapore dollar interest rate swaps (IRS) held by clearing members. Some $25 billion notional amount of IRS trades were terminated during the portfolio compression exercise on Nov 23. Portfolio compression
        94 words
    • Article
      Lock icon Chew’s Group posts FY12 profit of $2.09m
      314 7  -  By JASMINE NG EGG producer Chew’s Group posted a 55 per cent rise in net profit to $2.09 million for the full year ended Sept 30, 2012 (FY2012). For FY2011, the group’s net profit of $1.35 million took into consideration one-off expenses of
      314 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      221 5 -itc J.. ry W 4.M m Class Class as V E Class ss -v‘X S6 ,4. *^•5 ■’■JZ -r. ?> =r ~-1£T*£-:zTl- The C-Class I Downpayment from $5,429 The E-Class I Downpayment from $7,277 The S-Class I Downpayment from $10,329 Our Christmas promotions get even better. Enjoy additional savings on
      221 words
Page thumbnail Page 6
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Greece bailout keeps STI firm
      597 6  -  Index up for seventh straight session; Olam slides after Muddy Waters releases 133-page report STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) managed a seventh consecutive rise yesterday, adding 7.41 points at 3,011.91. The broad market’s 180-201 ad-vance-decline score, however, suggested a weaker
      Source: Bloomberg  -  597 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 4 2 0 0 0 10 4 2 Manufacturing 43 44 39 5 12 7 48 56 46 Commerce 18 20 19 3 4 2 21 24 21 Tpt/Stor/Comms 18 8 12
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,552 11,552 55,508 55,508 Manufacturing 276,997 213,880 490,877 164,802 2,202 167,004 Commerce 215,679 9,517 225,196 238,206 414 238,620 Tpt/Stor/Comms 90,831 15,218 106,049 127,910 4,633 132,543 Finance 43,192 535 43,727 165,483 254 165,737 Construction 41,198 1,056,593
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 6 Stock name Close Change CapMallsAsia 1.910 CapitaLand 3.460 +0.030 CapitaMall 2.070 -0.030 CityDev 11.520 +0.230 ComfortDelGro 1.675 +0.010 DBS Grp 14.170 +0.190 F&N 9.420 +0.030 GLP 2.630 +0.080 Genting SP 1.240 Golden Agri 0.625 HK Land 6.520 -0.120 IHH Healthcare 1.255 +0.005 JMH 59.370 +0.010 JSH
      112 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      72 6 Nov 27 VALUE CLOSE BT OB/OS -29.00 +5.00 BT CADI -*****.00 -22.00 BT 10-day MA -*****.00 -3.00 FTSE ST Mid Cap 739.30 -2.87 FTSE ST Small Cap 484.58 +1.14 FTSE ST All Share 737.97 +1.00 FTSE ST China Top 198.61 -1.17 FTSE ST China 222.01 -1.84 FTSE
      72 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME YHM 1,053,082,000 MDR 342,046,000 MDR W*****5 198,443,000 CarrierNet 99,398,000 Olam 77,808,000 Transcu Grp 69,799,000 Golden Agri 62,275,000 Noble Grp 59,311,000 ChinaTitan 55,114,000 EMS Ener 39,117,000 VALUE($) Olam 124,934,455 Noble Grp 65,510,945 UOB 62,253,380 SingTel 56,165,160 DBS Grp 54,334,190 Golden Agri 39,204,520 OCBC Bk 35,733,256 Keppel Corp
      56 words
    • Article, Illustration
      Lock icon Brokers’ Take
      912 6  -  Compiled by Kenneth Lim Singapore Real Estate Investment Trusts CIMB Research, Nov 26 We turn non-consensus “underweight” on S-Reits. We find valuations uncompelling after the sector’s outperformance. Given rising valuations and low funding costs, we see risks from overpaying, riskier investments and capital-raising as pressure to grow intensifies.
      Source: Bloomberg  -  912 words
    • Article, Illustration
      Lock icon Taiwan dollar rises for third day on steps to spur stock market
      582 6 CURRENCIES Bloomberg Reuters [TAIPEI] Taiwan’s dollar strengthened for a third day as foreign funds pumped money into the island’s shares after the government said it will consider measures to boost the stock market. Government bonds were steady. Overseas
      Bloomberg; Reuters; PHOTO: BLOOMBERG  -  582 words
    • Article
      Lock icon RISES
      105 6 BY CENTS CLOSE UP IS DJ US Tech 7056 353.0 4.3 DBXT E50 10US$ 3911 298.0 6.7 DBXT MSJAP 10US$ 3559 127.0 3.0 DBS.ES.1212 1417 31.0 2.2 Straits Trdg 348 28.0 8.8 CityDev 1152 23.0 2.0 UOB 1826 21.0 1.2 DBS Grp 1417 19.0 1.4 STXPO 100 400 16.0
      105 words
    • Article
      Lock icon FALLS
      125 6 BY CENTS CLOSE DOWN JSH 3425 -113.6 -2.6 Jardine C&C 4880 -65.0 -1.3 Olam BPeCW*****3 11.9 -29.1 -71.0 Lyxor Malaysia 10US$ 932 -24.4 -2.1 DBS Bk 4.7% NCPS 100 ***** -20.0 -0.2 Kep Corp.ES.1211 1046 -18.0 -1.7 DBXT FTChina25 10US$ 2822 -17.1 -0.5 HK Land 652 -14.7 -1.8 DBXT
      125 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      48 7 i 7 Jl 4 &PSA 605 ©PSA 606 60 3. 1 PSA 'V 607 7T t:' i > R i PSA T 213 '7 m r u jr jk 1 1 *i. -X./7 4 JBaL. Cm V m s pta BNP PARIBAS The bank for a changing world bnpparibas.com.sg
      48 words
    • Advertisement
      Lock icon Page 7 Advertisements Column 2
      43 7 I Modern Tropical SD.@ Seranqoon L Garderi?D T 19~ I Home; 4,300 sq feet; 3 Storeys; 6 beSroomsJ*" r IProximity; Frehch7flustralian American lot! I i JERRY LUM Snr Marketing Director, MBA, CBS CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg
      43 words
Page thumbnail Page 8
  • SINGAPORE NEWS
    • Article
      Lock icon Govt to study feasibility of a second LNG terminal
      579 8  -  Energy regulator EMA calls tender for a consultant to carry out the study By RONNIE LIM SINGAPORE is embarking on a feasibility study to see whether it should build a second multibillion-dollar liquefied natural gas (LNG) terminal to meet future needs.
      579 words
    • Article, Illustration
      Lock icon China, Indonesia, Philippines seen shining next year
      863 8  -  By MALMINDERJIT SINGH GROWTH in the emerging markets next year is likely to be four times that in the developed world, with many of these green shoots springing up in the region, the executive editor of The Economist has predicted. And among the
      PHOTO: YEN MENG JIIN  -  863 words
    • Article
      Lock icon More senior execs to focus on flexible working strategies
      280 8  -  By ZEINAB YUSUF SAIWALLA MORE senior executives will focus on flexible working strategies in the next three years to meet changing demands of the workforce, a global study commissioned by KPMG found. Almost one-third (30 per cent) of senior executives polled
      280 words
    • Article
      Lock icon Business receipts for services industries up 2.7% in Q3
      223 8  -  By NISHA RAMCHANDANI BUSINESS receipts for services industries went up 2.7 per cent year-on-year in the third quarter but remained flat compared with the previous quarter, data released yesterday by the Department of Statistics showed. The data excludes wholesale retail trade
      223 words
    • Article
      Lock icon S’pore firms making inroads into Sichuan
      316 8  -  By TEO SI JIA THE businesses of Hong Leong Singapore, AsiaPhos Private Limited and Noel Gifts International may be as different as they come but they all eye the Chinese province of Sichuan as a market for growth. With Sichuan’s shift towards an innovation-led
      316 words
    • Article, Illustration
      Lock icon ARA’s John Lim overall winner of E&Y award
      460 8  -  By LYNN KAN JOHN Lim, chief executive officer of ARA Asset Management, will slug it out against more than 50 other businessmen to be the next Ernst Young World Entrepreneur of the Year in a global competition to be held in Monte
      PHOTO: ARTHUR LEE  -  460 words
    • Article
      Lock icon Application rate for BTO flats rises marginally
      519 8  -  By MINDY TAN OVERALL application rates (excluding studio apartments) for built-to-order (BTO) flats rolled out in November rose marginally to 2.8, even as a record supply of BTO units were launched this year. Figures provided by the Housing Development Board showed that as
      519 words
Page thumbnail Page 9
  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon M’sia on track to reach 2020 economic target
      520 9  -  By PAULINE NG in Kuala Lumpur MALAYSIA’S push to transform to a high income economy by 2020 is on track, with early gains indicating it may reach its target even sooner should per capita income continue to grow apace. The bullish forecast
      520 words
    • Article
      Lock icon CIMB kicks off investment banking operations in HK
      601 9  -  By S JAYASANKARAN in Kuala Lumpur MALAYSIA’S second-larg-est lender, CIMB Group, has strengthened its foothold in Hong Kong following the launch of its investment banking operations there. The launch comes on the heels of CIMB’s acquisition of the Royal Bank of Scotland’s
      601 words
    • Article, Illustration
      Lock icon Jakarta eyes US$40b in 2013 investments
      519 9 FDI seen making up three quarters of the total, which is up 25% from this year Reuters [JAKARTA] Indonesia’s government is targeting around US$40 billion in total investment in 2013, up about 25 per cent from this year’s record levels, as companies look to
      Reuters  -  519 words
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      98 9 Immerse yourself in Suzhou’s rich heritage, where at Pan Pacific Suzhou, traditional Chinese architecture is subtly balanced with contemporary design elements to create a restful sanctuary. From intricately landscaped gardens and carp-filled ponds to spacious guestrooms, diverse culinary offerings and versatile meetings and events spaces, you are guaranteed an exceptional
      98 words
Page thumbnail Page 10
  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Investors in HK now target parking spaces
      574 10 Recent government campaign to curb home buying prompts shift Bloomberg [HONG KONG] Investors reacting to the Hong Kong government’s campaign to curb home buying in the world’s most expensive market are shifting money into parking spaces, pushing up prices that in high-end neighbourhoods
      Bloomberg; PHOTO AFP  -  574 words
    • Article
      Lock icon Rongsheng, Glorious shares tumble after chairman resigns
      372 10 Bloomberg [HONG KONG] China Rongsheng Heavy Industries Group Holdings Ltd and Glorious Property Holdings Ltd both fell the most in almost four months in Hong Kong trading after billionaire Zhang Zhirong quit as chairman of the companies. Shipbuilder Rongsheng plunged as much as
      Bloomberg  -  372 words
    • Article
      Lock icon India economic growth seen slowing to 5.2%
      430 10 Reforms hampered by the Opposition, slide in the rupee Bloomberg [NEW DELHI] India’s economy probably expanded at the weakest pace last quarter since the 2009 global recession as elevated inflation and subdued investment add pressure on Prime Minister Manmohan Singh to extend a
      Bloomberg  -  430 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      1838 10 KAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SCINTRONIX CORPORATION LTD. (Incorporated in the Republic of Singapore) (Company Registration Number *****1719E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Scintronix Corporation Ltd. (“Scintronix” or the “Company”) will be held on 12 December 2012
      1,838 words
    • Advertisement
      Lock icon Page 10 Advertisements Column 2
      457 10 o LINDETEVES-JACOBERG LIMITED Company Registration No: *****0172G (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the shareholders of Lindeteves-Jacoberg Limited (the “Company”) will be held at Samsung Hub, 3 Church Street, Level 8, Singapore *****3 on 13
      457 words
Page thumbnail Page 11
  • ECONOMY WATCH
    • Article, Illustration
      Lock icon EU seen following US in delaying Basel III
      792 11 Worry is that to proceed would put EU banks at a disadvantage Reuters [BRUSSELS] Europe is preparing to follow the United States in delaying the introduction of stricter rules on bank capital, while it lobbies for a rethink of the US stance,
      Reuters  -  792 words
    • Article
      Lock icon Asia warned against West’s financial rules
      421 11 HK urges Asian regulators to get properly involved in global regulatory agenda Reuters [HONG KONG] The head of Hong Kong’s market watchdog urged Asian regulators yesterday to maintain high standards and come together to stop US and European regulators imposing their rules on the
      Reuters  -  421 words
    • Article
      Lock icon Investors flock back to Latin America after Q2 retreat
      480 11 But Q3 flows still fall short of US$35.4b funds recorded in Q1 Reuters [MEXICO CITY] Foreign investors almost tripled their investments in stocks and bonds in major Latin American economies in the third quarter, although concerns about the US fiscal cliff
      Reuters  -  480 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      434 11 a i? Simmons ■g& *v f-m S^c \3 J Simmons Thanks Our Loyal Customers Ik Simmons® Bockcare® mattress we bought f m IW hod given os m years of blissful and comfortable sleep and rest the structure and materials bad maintained their shape and form throughout the years without compromising
      434 words
Page thumbnail Page 12
  • WORLD
    • Article, Illustration
      Lock icon Will Carney’s appointment start new trend?
      664 12 This is first time a foreigner has held the top position at a major central bank Reuters [NEW YORK] Britain’s choice of a Canadian to run the Bank of England (BOE) could usher central bankers into the realm of globe-trotting elites that dominate the
      Reuters; PHOTO: AP  -  664 words
    • Article
      Lock icon Island row eases China land grab fears in Japan
      832 12 Locals worry that Chinese investors target forests and water sources AFP [KUTCHAN, Japan] A spat over disputed islands has put a damper on Chinese sales of Japanese products from cars to cosmetics, but there is relief in one market at a
      AFP  -  832 words
    • Article
      Lock icon Thailand to surpass India as top rice exporter
      412 12 High stockpiles seen forcing Bangkok to accelerate sales Bloomberg [NEW DELHI] Thailand is set to overtake India as the world’s largest rice exporter as the nation accelerates sales from state stockpiles, adding to record global supplies, according to the International Rice Research
      Bloomberg  -  412 words
    • Article
      Lock icon Internet firms may have to pay more taxes in France
      812 13 Paris plans to stop the use of loopholes in EU laws, different tax regimes Bloomberg [PARIS] Google Inc, Apple Inc and other Inter-net-linked companies may soon feel the long arm of the French taxman. In what may be Europe’s first
      Bloomberg  -  812 words
    • Article
      Lock icon Sandy causes US$32b in losses in NY state, NYC
      429 13 AP [ALBANY, New York] Top political leaders in New York put their heads together on Monday on big requests for federal disaster aid as governor Andrew Cuomo announced that Superstorm Sandy ran up a bill of US$32 billion in the state
      AP  -  429 words
    • Article, Illustration
      Lock icon Schapiro to step down as SEC chair next month
      647 13 Elisse Walter takes over; observers say that’s a safe choice Bloomberg [NEW YORK] Mary Schapiro will step down next month as US Securities and Exchange Commission chairman, turning over the reins to commissioner Elisse Walter in a move industry observers say
      Bloomberg; PHOTOS: REUTERS  -  647 words
    • Article, Illustration
      Lock icon Non-tech firms creating bulk of US jobs
      979 15 San Francisco’s experience reflected in other tech cities such as Boston and Seattle WP [SAN FRANCISCO] Nerds are no longer the only ones benefiting from the innovation boom. Having left the heavy lifting to technology companies until early this year, San Francisco’s non-tech
      WP; PHOTO: BLOOMBERG  -  979 words
    • Article
      Lock icon OECD sees hesitant, uneven recovery for global economy
      597 17  -  Scenario is subject to risks from US fiscal cliff and Europe’s instability By ANTHONY ROWLEY in Tokyo THE global economy is expected to manage only a “hesitant and uneven recovery” over the next two years, the Organisation for Economic Co-operation and Development
      597 words
    • Article
      Lock icon Paris body endorses Abe’s plans
      432 17  -  It says call for BOJ to set 2% inflation target, and aim for 3% GDP rise reasonable By ANTHONY ROWLEY JAPANESE “prime minister in waiting” Shinzo Abe has received effective endorsement from the OECD for the bold economic expansion and inflation targeting plan that he
      432 words
    • Article, Illustration
      Lock icon Spain’s state-run banks to shrink balance sheets: official
      296 17 Bloomberg [MADRID] Spanish nationalised banks including Bankia SA will have to make major cuts to their balance sheets by order of the European Commission, said Antonio Carrascosa, head of the government’s bank bailout fund. “Tomorrow there will be a press release and
      Bloomberg  -  296 words
    • Article
      Lock icon UK out of recession in Q3
      341 17 AFP [LONDON] Britain’s economy emerged from recession in the third quarter with robust growth of 1.0 per cent, official data confirmed yesterday, in what was set to be only a brief respite from world financial strains. “UK gross domestic product (GDP) in volume terms
      AFP  -  341 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      55 12 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
    • Advertisement
      Lock icon Page 12 Advertisements Column 2
      116 12 5ILVGRTON YACHT 38SB SportBridge LOA 40ft Cruise 24Knot 760HP Twin Engine, Only Luxurious yacht for business ent, orporate Lease $9,900/month* trago For charter only $390/2-hr @One15 Marina Sentosa Cove Qtbpeedp Corporate Lease! only S3,900/mth One 15 Marina, Sentosa Cove Skipper option, *120 days/yr, freemaintenance Berthing Silverton Yacht For Corporate Lease
      116 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 3
      535 12 ALTUM PRECISION PTE LTD (COMPANY REGISTRATION NO. *****4505W) NEWSPAPER NOTICE Notice is hereby given pursuant to Sections 76(10)(h) and 76(12) of the Companies Act, Chapter 50 of Singapore (the “Companies Act”), that at an Extraordinary General Meeting of Altum Precision Pte Ltd (the “Company”) deemed to have been duly convened
      535 words
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      160 13 A Gastronomic Hotpot Journey Through Japan Akita, Aomori and Nagoya. Each hotpot features famous premium ingredients accompanied by a sumptuous signature soup base from the respective regions. 7-course menu, including diner’s choice of a regional hotpot at $250++ per person. For reservations, please call +65 6431 6156 or email dining.singapore@fairmont.com.
      160 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      46 14 GOOD NEWS IF YOU WISH TO SELL YOUR CAR. STCARS 21CVB2 m K s /f k. 5- c*. ,T4f- V 1 tf- »lfr i' >., i|srr mg MT m Jife flW# in j,.- Buy, sell or rent. At STCars.sg, your ideal car isn’t hard to find. STCARS
      46 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      1622 15 >*• WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices HOKKAIDO GOURMET FOODS (SANDWICHES AND SASHIMI) PRIVATE LIMITED NOTICE OF MEETING OF CREDITORS Notice is hereby given that a meeting of the creditors of the aBovenamed company will be held at 46 South Bridge Road #02-01 Kingly Building Singapore *****9 on
      1,622 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      1638 15 TSIT WING INTERNATIONAL HOLDINGS LIMITED (Incorporated in Bermuda) (Company Registration No.: *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting (“SGM”) of Tsit Wing International Holdings Limited (the “Company”) will be held on 14 December 2012 at 9.00 a.m. at Ballroom 1, Level 3,
      1,638 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      76 16 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. r c J t, i: ,-‘u’cxVtv\3 1 k* w a SINGAPORE POLICE FORCE This community service message is brought to you by stcars YOU NEEDN’T
      76 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      41 17 kisstf2 9* )i^h^oyv)s CVCtM vtS'h 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
      41 words
Page thumbnail Page 18
  • EDITORIAL & OPINION
    • Article
      Lock icon Interesting times beckoning Japan
      498 18 EDITORIAL JAPAN’S Liberal Democratic Party (LDP) has come roaring out of its corner, intent on regaining power at the Dec 16 general election with promises of economic and diplomatic revival in a nation in respect of whose future many have all but given up hope. By
      498 words
    • Article, Illustration
      Lock icon China should stick to not seizing areas in dispute
      770 18  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE installation of a new generation of leaders in China, albeit still incomplete, provides an opportunity for change in the Sino-American relationship,
      770 words
    • Article, Illustration
      Lock icon Bridging S’pore’s 2025 public expenditure gap
      893 18  -  A 1.4% annual rise in public service efficiency will close projected shortfall of $13b By PETER GOH The writer is Accenture managing director, health public service, Asean. Accenture is a management consultancy IN this fiscal climate of declining revenues and maintaining expenditure, it is
      FILE PHOTO  -  893 words
    • Article, Illustration
      Lock icon Fiscal fudge instead of fiscal cliff?
      1539 19  -  A modest agreement of concrete measures in the US that puts off a bigger decision cannot be ruled out By ROB CARNELL The writer is chief international economist, ING Bank THE reason that the US is facing a fiscal cliff is a complicated mixture
      PHOTO: BLOOMBERG  -  1,539 words
    • Article, Illustration
      Lock icon It shouldn’t be lonely at the top
      735 19  -  By GEORGE KOHLRIESER The writer is a professor of leadership and organisational behaviour at IMD, a former hostage negotiator, and author of the award-winning bestseller ‘Hostage at the Table: How Leaders Can Overcome Conflict, Influence Others and Raise Performance. His new book is
      PHOTO: STOCK.XCHNG  -  735 words
Page thumbnail Page 19
Page thumbnail Page 20
  • Transport HUB
    • Article, Illustration
      Lock icon Windfall for shipowners as LNG prices jump
      787 20 Bloomberg [LONDON] The biggest gain in Asian liquefied natural gas (LNG) prices since Japan’s nuclear meltdown is luring more cargoes to the largest importing region and boosting returns for Golar LNG Ltd and other shipowners hauling the fuel. Japan is facing an unprecedented
      Bloomberg; PHOTO: BLOOMBERG  -  787 words
    • Article
      Lock icon Paying for climate change
      997 20  -  For the shipping industry, the questions still to be answered are: How? And how much? STRAIT TALK By DAVID HUGHES THE 18th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) and the 8th session of the Conference
      997 words
    • Article
      Lock icon Capesize vessel glut seen extending into 2013
      250 20 Bloomberg [LONDON] Increasing shipbuilding delays or postponements of orders for new Capesize vessels used to transport iron ore and coal may extend surplus vessel capacity growth into 2013, Jefferies Group Inc said. As many as 64 new Capesize vessels scheduled for 2012 delivery
      Bloomberg  -  250 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Airbus, Boeing launch airliner ad war as rivalry hots up
        843 21 Planemakers clash over performance of their latest revamped models Flight International. Reuters [PARIS] Airbus and Boeing have clashed over the performance of their latest revamped models as the aerospace companies battle for market share by offering fuel savings to cash-starved
        Flight International. – Reuters; PHOTO: BLOOMBERG  -  843 words
      • Article, Illustration
        Lock icon Shares of SpiceJet, Jet Airways soar
        403 21 AFP [NEW DELHI] Shares of two loss-making private Indian airlines, SpiceJet and Jet Airways, soared on Monday following reports that foreign carriers were in talks about buying stakes in the operators. Abu Dhabi’s Etihad Airways was reported to be courting Jet Airways while Malaysia’s
        AFP; PHOTOS: REUTERS  -  403 words
      • Article
        Lock icon MAS Q3 net loss shrinks to RM484m
        250 21 Reuters [KUALA LUMPUR] Malaysian Airline Systems (MAS) said yesterday it recorded a net loss of RM484 million in the third quarter ended Sept 30, 2012, compared with a net loss of RM1.247 billion in the same quarter a year earlier. The better performance
        Reuters  -  250 words
      • Article
        Lock icon Embraer secures border contract, mulls shipbuilding
        400 21 Reuters [SAO PAULO] Brazilian jetmaker Embraer SA secured a contract for more than US$400 million for equipment to monitor Brazil’s borders and has turned its attention to the coastline, as it considers expanding into building navy patrol ships, the company said on Monday. The
        Reuters  -  400 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Porsche returns to Leng Kee Rd
        370 22  -  Official opening of Porsche City Centre slated for first quarter of next year By SAMUEL EE ANOTHER car showroom at the western end of Leng Kee Road is ready, after a delay of about six months. The Porsche City Centre at 29 Leng Kee
        370 words
      • Article, Illustration
        Lock icon Post ads for free: STCars
        353 22  -  By SAMUEL EE THE online portal to buy, sell or rent cars of Singapore Press Holdings (SPH) has a new name, and now invites users to post ads for free. Formerly called ST701 Cars, the improved platform for motorists and dealers is now named STCars.
        353 words
      • Article
        Lock icon Japan carmaker stocks gain from Abe remarks
        630 22 Ex-PM, seen wining polls, says he will weaken yen, making export profits rise Bloomberg [TOKYO] After the global recession, a strengthening yen, recalls, the tsunami and Thai floods, the market value of Japan’s carmakers has fallen by 53 per cent over the past
        Bloomberg  -  630 words
  • Page 20 Advertisements
Page thumbnail Page 21
  • Page 21 Advertisements
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      372 21 CRYPTIC CROSSWORD Across 1 Commercial centre with mail having special delivery (10) 6 Injury in thigh restricting run (4) 9 One place seen when looking across lake? (5) 10 Cue bridging a rest (9) 12 Is legendary bird seen around about a Mediterranean island (7) 13 That’s not proper ice
      372 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      32 22 8J0}s ddy qe peo|UMop joj. aajj. si pej! pue joj ddy sqofis aqi bssqofis uo ij puii Aiqeqojd iinoA ‘bumado ue Aiieai s.aiaui i| MiM y A )ooips-3Jd in k k •pa^ueM
      32 words
Page thumbnail Page 23
  • ERNST & YOUNG EOY AWARDS
    • Article, Illustration
      Lock icon Minding the Ps to join the big league
      960 23  -  ARA Asset Management CEO John Lim tells lynn kan about the importance of partners, passion and people for the company’s future LYNN KAN JOHN Lim, chief executive of ARA Asset Management, wants to bust the myth that entrepreneurs are flagrant risk-takers. “If
      PHOTO: ARTHUR LEE  -  960 words
    • Article, Illustration
      Lock icon Tailoring a global brand
      1058 24  -  Douglas Benjamin wants to see Raoul franchises and boutiques in the fashion capitals of the world, reportsLYNN KAN reportsLYNN LYNN KAN FRAYING shirts with shredded collars and cuffs would be chucked into the bin and disavowed forever, even if they were expensive and had been bought
      PHOTO: ARTHUR LEE; FILE PHOTO  -  1,058 words
    • Article, Illustration
      Lock icon Compass for navigatingforeign shores
      1153 24  -  Asian firms going global often face market, political and regulatory conditions that are far from familiar By MAX LOH The writer is Country Managing Partner and Asean Sub-Area Managing Partner, Ernst Young. This article summarises complex issues and is not intended to be a substitute for
      1,153 words
    • Article, Illustration
      Lock icon Making the best of second chances
      977 26  -  Mohamed Salleh Marican is nothing if not resilient, turning ill fortune into opportunities for growth, reports lynn kan reportsLYNN reportsLYNN KAN TO say that Second Chance Properties is founder Mohamed Salleh Marican’s second shot at success would be somewhat off the mark. The $400
      PHOTO: ARTHUR LEE  -  977 words
    • Article, Illustration
      Lock icon Workspacedesigns that work for MNCs
      951 26  -  By LYNN KAN MARTIN Gui would be the last person accused of having a cluttered desk, with it often being said that that is a sure sign of a cluttered mind. The 37-year-old chief executive of Facility Link and winner of this year’s Ernst Young
      PHOTO: ARTHUR LEE  -  951 words
    • Article
      Lock icon SMEs need a strategy to mitigate foreign currency risks
      924 26  -  By DIDIER VON DAENIKEN The writer is Barclays’ head of wealth management, Asia Pacific, Middle East and Africa IN New York Times columnist Thomas Friedman’s book, The World Is Flat he describes how Globalization 3.0 is shrinking the world from a
      924 words
    • Article, Illustration
      Lock icon GLOBAL COMPANY PARTNERSHIP Quest to create powerhouses
      729 28  -  IE Singapore hopes to grow pool of local companies that can compete with the heavyweights in the global arena, reports lynn kan reportsLYNN reportsLYNN KAN IN the US, a prime tier of multinational corporations (MNCs) are powerhouses of the economy. Making up a
      FILE PHOTO; Source: IE Singapore  -  729 words
    • Article, Illustration
      Lock icon Grooming tomorrow's business leaders
      1131 28 By investing in talent today, companies can lay the foundation for future success WITH a highly competitive market for talent, companies in Singapore are recognising the importance of developing talent from within. From structured training programmes for fresh university graduates to executive education courses for senior
      PHOTO: STOCK.XCHNG  -  1,131 words
    • Article, Illustration
      Lock icon Grand plans that are bearingfruit
      998 31  -  Shahzad Nasim’s vision has made Meinhardt the second-largest independent engineering consultant in Asia, reports lynn kan reportsLYNN LYNN KAN SHAHZAD Nasim is a man who does what he says he will do even if the “how” is clouded by the haze of the global financial
      PHOTO: ARTHUR LEE  -  998 words
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      190 23 66 Distinctive quality, environmental consciousness and unparalleled customer service is the heart of Facility Link.” Facility Link is a leading commercial office fit-out specialist in Singapore, with a portfolio of over a million square feet of Grade A office space successfully constructed. A pioneer in the local sustainable interior construction
      190 words
Page thumbnail Page 24
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      248 25 A. Uj CO AH, "Asset J fy/P Lt'*' CP ro o Aj Know-how and drive. In order to achieve your goals you need the right team working for you. At Barclays we are well placed to provide you with high levels of wealth management expertise and advice. So whatever ambitions
      248 words
Page thumbnail Page 26
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Lock icon Page 27 Advertisements Column 1
      230 27 Ernst& Young Entrepreneur Of The Year 2012 Awards Singapore (An Affiliate of Cheung Kong Group) BEIJING T ANJ N DAL AN SHANGHAI NANJING GUANGZHOU HONG KONG We salute Mr John urn Group CEO, ARA Asset Management Limited on winning the highly esteemed Ernst Young Entrepreneur Of The Year Financial Services
      230 words
Page thumbnail Page 28
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Lock icon Page 29 Advertisements Column 1
      41 29 Dr S. Nasim, Global CEO At Meinhardt Group International Ltd, Dr. S Nasim, Global CEO of the Group, encourages his engineering staff to embrace a commercial perspective. Teams are inculcated with the mentality to design award-winning projects, which in turns challenges
      41 words
Page thumbnail Page 30
Page thumbnail Page 31
Page thumbnail Page 32
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2953 32 Transaction date: Nov 27 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 140 -0.5 192 141 139.5
      2,953 words
    • Article
      Lock icon SGX CATALIST
      191 33 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 ('000) Day High Last Quote Low Buyer Seller Div Gr Yld Net M Cap C'vr P/E Smil 21 12.1 800
      191 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8479 33 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 7313/ FM local Cry Bond 0
      8,479 words
    • Article
      Lock icon GLOBALQUOTE
      202 33 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 39.5 25.5 AVJennings A27.5 -3 4 27.5 27.5 27.5 40 3.6 12.7 2.2 71.6 41.5 26 Genting HK US$ US31.5 -0.5 1048 32 31.5 31.5 32 2074.1
      202 words
    • Article
      Lock icon SGX ETF
      953 33 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 114.4 ABF SG Bond ETF 120 1 120 120 119 120 547.8 128.9 120.4 CIMB APAC Div 100S$D 125 126.2 127.1 105.5 95.8 CIMB APAC
      953 words
Page thumbnail Page 33
Page thumbnail Page 34
  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      615 34 Nov 27 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9371.13 9449.72 9370.59 Dec12 9390.00 9460.00 9340.00 9435.00 ***** *****5 Mar13 9365.00 9435.00 9365.00 9420.00 43 2237 MSCI TAIWAN INDEX FUTURES SPOT 267.40 268.59 266.44 Nov12 266.90 269.10 266.50 268.60 ***** *****4 Dec12 266.10
      615 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 34 In local curr In S$ In US$ dy yr dy yr dy yr Nov 26 Index Change Change Change Change Change Change World Preliminary 910.7 -0.4 9.8 -0.4 3.5 -0.4 9.9 EAFE Preliminary 741.3 -0.2 8.7 -0.1 2.4 -0.1 8.7 Europe Preliminary 1115.5 -0.5 8.7
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      75 34 As on 26 November 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1751.00 1746.40 1749.70 INDIA GOLD (E-GOLD) FUT DEC2012 582.80 580.80 580.70 CURRENCY EUR-USD FUT DEC2012 1.2985 1.2947 1.2967 BASE METAL COPPER FUT DEC2012 7785 7748 7798 THE SMX BOOT CAMP Training
      75 words
    • Article
      Lock icon CHICAGO BOT
      107 34 Nov 26 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 13 1424.75 1418.75 1435.50 1416.75 Mar 13 1412.25 1403.00 1419.00 1399.00 May 13 1392.25 1382.75 1396.75 1378.00 Jul 13 1385.50 1376.25 1389.00 1371.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 49.27
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 34 CRUDE OIL PRODUCTS Nov 26 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.63 -0.25 WTI (Near Mth) 87.74 -0.54 Dubai (1-Mth F) 107.94 0.44 Tapis blend 115.98 0.56 Minas 109.26 0.56 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.44 0.61 Jet Kerosene 126.83 0.58 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 34 Nov 27 S$ Bid Offer 1-month 1.2213 1.2218 2-months 1.2213 1.2218 3-months 1.2213 1.2218 6-months 1.2212 1.2218 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      64 34 Nov 26 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1986.50 1969.50 3 months 2000.00 1983.00 Copper, Grade A(US$/tonne) Cash 7763.50 7761.50 3 months 7780.00 7777.00 Lead(US$/tonne) Cash 2180.75 2196.25 3 months 2183.00 2196.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
      64 words
    • Article
      Lock icon LIFFE
      80 34 Nov 26 COCOA (£/tonne) Close Prev High/Low Dec 12 1586 1598 1605/1566 Mar 13 1584 1597 1604/1559 May 13 1590 1604 1611/1565 Jul 13 1595 1608 1615/1577 COFFEE(US$/tonne) Close Prev High/Low Nov 12 1839 1850 1849/1840 Jan 13 1854 1859 1855/1836 Mar 13 1864 1873 1868/1849 May 13 1878
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      911 34 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 1 146 500 6.25 18 Conv Ratio Best World Intl Ltd W*****5 0.5 1 30 101 30.40 8 BiosensoBPeCW*****2 14.8 0.2 750 1 120 8 BiosensoMBeCW*****3 3.4
      911 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 34 Nov 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.039 6.517 0.806 8.116 58.222 100.598 0.862 11.350 3.188 1.273 100.724 42.784 1.279 9.264 0.971 30.474 32.117 0.653 1.047 Canada 0.962 6.272
      470 words
    • Article
      Lock icon SIBOR
      60 34 Nov 27 (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
      135 34 Nov 27 GOLD(US$/oz) Nov 26 Nov 27 Hong Kong 1577.60 1757.00 Nov 23 Nov 26 London 1747.61 1747.91 1748.38 1748.68 Source: Thomson Reuters CAST BAR Nov 27 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 154 69 5gm 438 343 10gm 782 686
      135 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      86 34 Nov 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 28-Feb-13 0.25 0.20 0.20 6-Month BS*****T 30-May-13 0.27 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.03 5-Year N*****0Z 2.375
      86 words
    • Article
      Lock icon PALM OIL
      61 34 Nov 27 me PAiM FUTURES IRMiMTl fMlhny Vll Miimh Ha r«?e Pice Av Mtc Hiqh Lew Vul One Oyi» Pciltcfl I; lfhin uif.n We a iljill m m inn TJ JtM U :tko i««0 &<6 0 Also wm Iti, 1] M*iM v02.i1 jcsc n J-iDI fl ***** 3?
      61 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 34 Nov 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2788 1.2800 1.0471 1.0476 Canadian dollar 1.2308 1.2318 1.0082 1.0078 Euro 1.5866 1.5875 1.2991 1.2993 NZ dollar 1.0045 1.0054 0.8225 0.8229 Sterling pound 1.9593 1.9603 1.6043 1.6044
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 34 As at 9am Nov 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.309 1.247 Can dollar 1.258 1.199 Euro 1.624 1.547 Sterling pound 1.995 1.919 NZ dollar 1.037 0.979 US dollar 1.245 1.186 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 34 Nov 27 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ 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 35
  • Article
    Lock icon The Business Times Shipping Times
    3452 35 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
    3,452 words
  • Page 35 Advertisements
Page thumbnail Page 36
  • Page 36 Advertisements
    • Advertisement
      Lock icon Page 36 Advertisements Column 1
      141 36 TO ADVERTISE IN .The Business Times IHE UUJII4UJ IMVILJ Shipping Times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? the Business Times TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 Shipping Times Publicise Your Del iver y Of
      141 words
Page thumbnail Page 37
  • Page 37 Advertisements
    • Advertisement
      Lock icon Page 37 Advertisements Column 1
      183 37 ALL AREAS IG MARKET Dl I All Balance S$ 10.275 Deposit s$ 611 Banning ft Available s Pot FX EUR/USD ***** ***** y 0.***** Change 0 Q3 Currency: USD High: Low: v\ Updated: l4 Deal Ticket Order Ticket f Liff*s 3L i 2t225 ruR/uso tVL/iri 1 f t WHATEVER DEVICE
      183 words
Page thumbnail Page 38
  • Page 38 Advertisements
    • Advertisement
      Lock icon Page 38 Advertisements Column 1
      286 38 The Tools The Trades The TrusT Since 1997 GFT Markets have been providing traders with the best possible trading tools, the best possible value, the best possible service and above all, integrity in everything we do. We offer CFDs and FX with powerful execution and competitive spreads. Talk to one
      286 words
    • Advertisement
      Lock icon Page 38 Advertisements Column 2
      53 38 NOV ISSUE OUT NOW! INTHISISSUE M /*H42 +C (HD4C(," M +J2 C00H62 0:B M +JHD :D4 EH/J+ *E+-:8CCF, )K7< ’K; .K5; ’@3K5;#7< ?;@L=9 LK1 @7 111A7<>$@1@;=9A$@;=1@;<IKL<A>KNA9% 7K 1#L HL%<;9K!! 1@7>$<9 @L= 6@;!O9 G; ?5;%<; 9<79& HWM digital edition is available on iPad Android Visit www.hardwaremag.com for more info 50% off1-yeardigital
      53 words
Page thumbnail Page 39
  • Page 39 Advertisements
    • Advertisement
      Lock icon Page 39 Advertisements Column 1
      256 39 TRADE Many people trade in stocks but how many can enter a trade with confidence and achieve profits consistently? In an increasingly uncertain and volatile investment environment, picking the right stock, entering at the right level and having the discipline to walk away from an unprofitable trade are the critical
      256 words
    • Advertisement
      Lock icon Page 39 Advertisements Column 2
      216 39 MM To me, insurance should be a source of comfort, not confusion." Zurich has 140 years of experience and over 60,000 employees serving customers worldwide. We make every effort to clarify what you need to know about your insurance, every step of the way. For solutions to meet your protection,
      216 words
Page thumbnail Page 40
  • executive Money
    • Article, Illustration
      Lock icon China’s seven at the pinnacle
      994 40  -  Expectations that they will introduce aggressive reforms are misguided MONEY MATTERS WELLIAN WIRANTO The writer is investment strategist at Barclays NOW that the members of China’s top governing body, the Politburo Standing Committee, have been unveiled, attention will quickly turn to just what these seven
      PHOTO: REUTERS  -  994 words
    • Article, Illustration
      Lock icon ‘Embrace the hated’ strategy pays off
      1234 37 Star fund manager buys into struggling Bank of America and AIG and hits paydirt Bloomberg [New York] BRUCEBerkowitz’sFairholmeF u n d i s p o i se d t o post its best year in a decade, led by the rebound of financial firms
      Bloomberg; PHOTOS: BLOOMBERG  -  1,234 words
    • Article, Illustration
      Lock icon Expert network link spawns insider trading
      1045 38  -  Federal prosecutors charge hedge fund employee in biggest case in its history By ANDREW ROSS SORKIN NYT [NEW YORK] TOWARDS the end of 2007, Silver Lake Partners, a respected investment firm, made what then seemed like a curious investment: it paid about US$200 million
      NYT; PHOTO: REUTERS  -  1,045 words
    • Article, Illustration
      Lock icon Pieces of history up for sale
      898 39 Dec 18’s Profiles in History auction to feature rare books, manuscripts and paintings Bloomberg A FIRST edition of Adam Smith’s An Inquiry Into the Nature and Causes of the Wealth of Nations could sell for as much as US$120,000 at auction next month. Published
      Bloomberg; PHOTOS: BLOOMBERG/INTERNET  -  898 words
  • Page 40 Advertisements
    • Advertisement
      Lock icon Page 40 Advertisements Column 1
      47 40 r Ar> ■j 1isfc'~'T; t (ifW W r 1 S rr m i y *r i T VI as > rf i B m -> r> r tr* ?s > r 7* Kt> *r Sold exclusively in Louis Vuitton stores. Tel. 678 8 3 8 8 8 www.louisvuitton.cor LOUIS VUITTON
      47 words