The Business Times, 29 November 2012

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Microfilm: NL32295
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, November 29, 2012
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  • Article, Illustration
    Lock icon Muddy Waters a front, but mud won’t stick, says Olam
    1119 1  -  Company rebuts report against it, says US researcher is probably acting for hedge funds shorting Olam By JOYCE HOOI, ANDREA SOH [SINGAPORE] Olam International hardened its position against US shortselling firm Muddy Waters yesterday, accusing it of acting as a
    PHOTO: BLOOMBERG  -  1,119 words
  • Article, Illustration
    Lock icon Economy remains resilient, but MAS flags some risks
    642 1  -  By NISHA RAMCHANDANI [SINGAPORE] Even as Singapore’s economy and financial system remain resilient amid uncertainties in the global economy, risks still abound and vigilance is warranted, the Monetary Authority of Singapore (MAS) has warned in its annual Financial Stability Review. With interest
    Source: MAS  -  642 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3011.77 (-0.14) –ST INDEX FUTURES 3,012.00 (unch) GSIMSCI 342.95 (+1.26) GSIMSCI FUTURES 342.90 (+1.00) us$ s$ US$ (S$ per US$) 1.223 (US$/S$ per 1.601 1.957 EURO (US$/S$/€) 1.293 1.580 Foreign currency per US$ S$ YEN 81.90 67.00 RM 3.053 2.497 HK$ 7.750 6.339 BAHT 30.72 25.12 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Wednesday Change KL COMP 1,606.52 +8.35 NIKKEI 225 9,308.35 -114.95 HANG SENG 21,708.98 -135.05 SET INDEX 1,299.94 +2.91 JAKARTA COMP 4,304.82 -32.69 MANILA COMP 5,633.72 +47.27 SEOUL COMP 1,912.78 -12.42 SHENZHEN B 599.90 -4.69 MUMBAI IND closed 11am EST Change DOW 12,882.55 +4.42 NASDAQ 2,959.62 -8.17
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    • Article
      Lock icon PRIME RATES
      18 1 Source: Bloomberg SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.533 TAIWAN 5 036 JAPAN 1.475
      Source: Bloomberg  -  18 words
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      153 1 COMMENTARY Biopharmaceutical sector needs revamp PAGE 29 PROPERTY Grade A office rents continue to fall in Q4 PAGE 37 COMPANIES Institutional investors stay cautious on equities PAGE 9 8 *****1 *****4 JL -Ja1( .IR-IlCoiII Rl» MASTER GRANDE TRADITION TOURBILLON A QUANTIEME PERPETUEL Jaeger-LeCoultre Calibre 987. In the tradition of the
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      8 1 SPECIAL FEATURE Business China Awards 2012 PAGES 14-19
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      375 2 Muddy Waters acting as a front: Olam OLAM International hardened its position against US shortselling firm Muddy Waters yesterday, accusing it of acting as a front for hedge funds looking to short the company’s stock. “In my view, Muddy Waters and Carson Block are just small parts of
      375 words
    • Article, Illustration
      Lock icon MAS shares dive on rights issue
      463 2  -  Analysts dismayed by RM3.1b issue and capital restructuring, reducing par value to 10 sen By S JAYASANKARAN in Kuala Lumpur SHARES of Malaysia Airlines (MAS) tumbled yesterday on news that the national carrier had proposed a large RM3.1 billion (S$ 1.24 billion) rights issue
      463 words
    • Article
      Lock icon Pay package for China bus drivers equitable: SMRT
      662 2  -  By MALMINDERJIT SINGH [SINGAPORE] SMRT reckons that the remuneration of its bus drivers from China is “equitable” to those from Malaysia, and should be viewed alongside the benefits provided in the package of the former. As most of the bus drivers who
      662 words
    • Article
      Lock icon Muddy Waters wrong on risk of insolvency: Olam
      557 4  -  There’s enough liquidity to meet obligations in next 12 months, it adds By ANDREA SOH [SINGAPORE] Olam International asserted yesterday that it faces no risk of insolvency, saying that Muddy Waters had got it wrong. “The assumptions and conclusions drawn on our
      557 words
    • Article, Illustration
      Lock icon Olam returns fire with bignumber guns
      747 4  -  It says US firm lacks understanding of basic accounting rules By JOYCE HOOI [SINGAPORE] As Olam turned out its pockets to prove that it had not lost its pants yesterday, it refuted Muddy Waters’ claims about its accounting practices and accused the US research
      PHOTO: BLOOMBERG  -  747 words
    • Article
      Lock icon Media panel suggests siege on digital piracy
      635 4  -  Recommendations include site blocking, licencing framework By JOYCE HOOI [SINGAPORE] The Internet might have left a messy trail of digital pawprints all over traditional media, but a government-appointed panel is determined to restore some semblance of order. The Media Convergence Review Panel made
      635 words
    • Article, Illustration
      Lock icon Pro golfers win ‘playing in rival events’ suit
      680 4  -  By GRACE LEONG [SINGAPORE] Four professional golfers have won a legal battle against the Asian Tour to recover penalties they had paid for playing in rival tournaments without permission, as well as legal costs and rights to play in tournaments including the
      PHOTOS: AFP  -  680 words
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      388 2 F=:=RTinET Securit MORE SECURITY. MORE CONTROL. MORE INTELLIGENCE 361 J ■t Conference Details Date: 30 November 2012, Friday Time: 8:00am to 5:10pm Venue: M Hotel Singapore 81 Anson Road Singapore *****8 Function Room: Banquet Suite, Level 10 IT security today is about securing your enterprise end-to-end, from the endpoints to
      388 words
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      148 3 www.vw. com. sg The Jetta. Upgrade to First Class motoring. From only $135,800 v OH STiS MS v- -r-o •’v*" C «K FS&' IB*®-*' ir*A*<xfogv. it t Quality German engineering is now available at an equally exceptional price. The Jetta has one of the largest boots in its class and
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      88 4 OSEA2012 The 19th International Oil Gas Industry Exhibition Conference SINCE 1 976 www.osea-asia.com 27 30 Nov 2012 Marina Bay Sands, Singapore Exhibition Basement 2 Level 1 (10.30am 6.00pm) Conference: Level 3 25,000 Oil Gas Professionals will be here. Will you? Getting to OSEA2012 Nearest MRT Station and Exit: Bayfront MRT
      88 words
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      126 4 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 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 OF SOUTHEAST ASIA Dep
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      134 5 BV LGA R I .•v \vi r- r'3Err'. "TtBir ,'V j m fS. j .-> \r s 'V, Mi /-f H. in > m mp s fsal M >■■■i :>r m :^6 v .V I ■•.-•;■-v •a r/ V V. m r LG B V A R r® v» I
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Open-interest positions on SGX hit record
      525 6  -  Focus on building safe derivatives clearing house pays off Reports by KENNETH LIM OPEN-INTEREST derivative positions hit a record high on the Singapore Exchange (SGX) this week as the market operator continues to benefit from a broad flight to quality, said SGX chief executive
      PHOTO: BLOOMBERG  -  525 words
    • Article
      Lock icon SGX stays the course on M&A strategy post-LME
      335 6 SINGAPORE Exchange (SGX) has not changed the way that it assesses mergers and acquisitions (M&A) in the wake of Hong Kong’s takeover of the London Metal Exchange (LME), SGX chief executive Magnus Bocker said yesterday. His remarks came amid a discussion about
      335 words
    • Article
      Lock icon UOBAM in tie-up with Sumitomo
      328 6 UOB Asset Management (UOBAM) is partnering a Japanese firm to grow its business, just over a week after it acquired ING Group’s asset management unit in Thailand. UOBAM, which is wholly owned by United Overseas Bank (UOB), inked an agreement with Sumitomo Mitsui Asset Management
      328 words
    • Article
      Lock icon MAS gives brokers interim futures exemption
      122 6 Bloomberg THE Monetary Authority of Singapore has granted a temporary exemption to interdealer brokers (IDBs) from a requirement that they hold a futures-trading licence, as they take steps to comply with new US regulations. “MAS has engaged all the affected IDBs individually and granted
      Bloomberg  -  122 words
    • Article, Illustration
      Lock icon Peter Lim’s RM10b project gets Iskandar nod
      408 7  -  Project centres on medical hub run by Thomson Medical Centre By TEO SI JIA VANTAGE Bay, an integrated development in Johor Baru that will cost RM10 billion (S$4 billion) in its entirety, has received the nod of approval from the Iskandar Regional Development
      408 words
    • Article
      Lock icon Start-up losses drag IHH Healthcare’s Q3 earnings lower
      425 7  -  By FELDA CHAY THE earnings of Asia’s biggest hospital operator IHH Healthcare Bhd shrank 47 per cent in its third quarter from a year ago to RM75.7 million (S$30.3 million), despite a revenue surge. The group put the drop in net profit
      425 words
    • Article
      Lock icon Olam bonds approaching ‘distressed’ levels
      548 7 But company says it faces no risk of insolvency Bloomberg [CHICAGO/NEWYORK] Bonds of Olam International Ltd are approaching levels considered “distressed” after research firm Muddy Waters LLC likened the world’s second-largest rice trader to Enron Corp and said it is likely to fail. Olam’s unrated
      Bloomberg  -  548 words
    • Article, Illustration
      Lock icon Institutional investors stay cautious on equities
      579 9  -  But some analysts say low valuations offer opportunity to increase exposure By CARINE LEE EQUITIES are gaining favour among some analysts, even though institutional investors remain cautious about the asset class. The latest State Street Investor Confidence Index (ICI), which measures actual trades of
      PHOTO: REUTERS  -  579 words
    • Article
      Lock icon Stratton Street touts yuan bond fund to Asians
      473 9 Bloomberg STRATTON Street Capital LLP, a UK manager with US$1.6 billion in assets, is seeking to raise money from Asian investors with a yuan bond hedge fund that has returned 23 per cent this year. Its US$215 million Renminbi Bond Fund, which
      Bloomberg  -  473 words
    • COMPANY BRIEFS
      • Article
        Lock icon Wing Tai unit wins China land tender
        61 9 WING TAI Holdings Ltd’s subsidiary, Winzen Investment Pte Ltd, has won the tender for a 70-year leasehold land parcel at Luodian New Town in Shanghai, China, for 533 million yuan (S$104.7 million). The plot has a site area of 53,837.9 square metres, and
        61 words
      • Article
        Lock icon Cosco (S) unit secures US$41 m deal
        56 9 COSCO Corporation (Singapore)’s unit, Cosco (Guangdong) Shipyard Co Ltd, has secured a contract worth over US$41 million to build two bulk carriers. Cosco Corp does not expect the contract to have a material impact on its net tangible assets and earnings per share
        56 words
      • Article
        Lock icon SingXpress resumes share trading
        47 9 SINGXPRESS Land Ltd will resume trading on Singapore Exchange today. It called for a trading halt on Tuesday after Haiyi Holdings said it will make a mandatory unconditional cash offer for SingXpress shares it does not already own at 1.18 cents per share.
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      • Article
        Lock icon Federal signs vessel conversion contract
        43 9 FEDERAL International (2000) Ltd has inked a contract with PT ASL Shipyard Indonesia to convert a vessel to a floating storage and offshore vessel. The total cost for the proposed conversion is estimated to be around US$35.6 million.
        43 words
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      45 6 Wanted. Dog food taster M A product of SPH, Singapore's trusted media group. Y V ill PE' 100° ■> 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 Store. STJOBS
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      25 7 I An evening of ultimate relaxation awaits you at Spa Boutique Tune in to Kiss92 for your Girls' Night Out! Partner: ■^r Poised to Revive
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      429 7 Smartphone shipments are expected to double over the next 5 years and are estimated to reach 1.5 billion devices in 2015. Cloud computing revenues could grow by 20% annually in the next few years. What does this have to do with your portfolio? Get Substance the UBS House View Go
      429 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Penny stocks, Olam the main focus
      612 8  -  STI slips a shade, ending 7-day rally; lower-priced shares outshine Olam among most actives STOCKS R SIVANITHY Senior Correspondent THERE wasn’t to be an eighth consecutive rise for the Straits Times Index as stocks came under light pressure following a weak opening in European
      Source: Bloomberg  -  612 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 3 0 0 0 8 6 3 Manufacturing 35 53 43 7 3 10 42 56 53 Commerce 12 25 20 2 4 4 14 29 24 Tpt/Stor/Comms 14 15 9
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,006 17,006 91,824 91,824 Manufacturing 392,973 116,026 508,999 165,166 2,101 167,268 Commerce 277,330 4,545 281,875 286,257 190 286,447 Tpt/Stor/Comms 99,102 19,866 118,968 235,695 6,021 241,716 Finance 61,400 934 62,334 178,879 442 179,321 Construction 32,286 900,256
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 8 Stock name Close Change CapMallsAsia 1.890 -0.020 CapitaLand 3.480 +0.020 CapitaMall 2.050 -0.020 CityDev 11.510 -0.010 ComfortDelGro 1.675 DBS Grp 14.200 +0.030 F&N 9.410 -0.010 GLP 2.660 +0.030 Genting SP 1.220 -0.020 Golden Agri 0.635 +0.010 HK Land 6.460 -0.060 IHH Healthcare 1.260 +0.005 JMH 57.650
      114 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      72 8 Nov 28 VALUE CLOSE BT OB/OS 40.00 +69.00 BT CADI -*****.00 -43.00 BT 10-day MA -*****.00 +4.00 FTSE ST Mid Cap 741.42 +2.12 FTSE ST Small Cap 485.53 +0.95 FTSE ST All Share 738.39 +0.42 FTSE ST China Top 197.86 -0.75 FTSE ST China 221.14 -0.87 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME YHM 899,755,000 MDR 216,173,000 Europtron 111,802,000 Olam 101,805,000 LH Grp 99,571,000 Golden Agri 84,203,000 Noble Grp 62,387,000 SingTel 57,833,000 MDR W*****5 55,301,000 Innopac 47,387,000 VALUE($) SingTel 186,760,972 Olam 155,459,030 UOB 90,319,240 Noble Grp 66,958,020 Keppel Corp 56,397,160 Golden Agri 52,781,960 DBS Grp 47,034,822 Wilmar 29,684,080 OCBC
      55 words
    • Article
      Lock icon BROKERS’ TAKE
      906 8  -  Compiled by LYNN KAN Olam International Nov 28 close: S$1.50 CIMB Research, Nov 28 MUDDY Waters has published its much-anticipated report on Olam, initiating coverage with a “Strong Sell” call and expecting its equity to be wiped out or given “nuisance value”, at best. In our view, this
      906 words
    • Article, Illustration
      Lock icon Euro slips after buying on Greek rescue fizzles out
      497 8 CURRENCIES AFP Bloomberg [TOKYO] The euro slipped in Asian trade yesterday after a buying spree sparked by Greece’s bailout deal fizzled out owing to lingering concerns over Europe’s sovereign debt problems. The single currency bought US$1.2926 and 105.79 yen in Tokyo
      AFP; Bloomberg; PHOTO: AFP  -  497 words
    • Article
      Lock icon RISES
      116 8 BY CENTS CLOSE UP IS S&P500 ***** 189.5 1.1 DBXT Nifty 10US$ ***** 123.5 1.0 IS DJ US Tech 7134 95.4 1.1 DBXT MSAsExJp 10US$ 3186 41.6 1.1 DBXT CSI300 10US$ 718 36.7 4.4 DBXT S&P500 10US$ 2275 35.5 1.3 DBXT S&P Short 10US$ 3595 33.0 0.8 OCBC Bk
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    • Article
      Lock icon FALLS
      123 8 BY CENTS CLOSE DOWN JMH 5765 -210.3 -2.9 Jardine C&C 4752 -128.0 -2.6 GLD 10US$ ***** -103.9 -0.5 JSH 3357 -83.1 -2.0 DBS Bk 4.7% NCPS 100 ***** -50.0 -0.5 DBXT MSINDO 10us$ 1505 -41.6 -2.2 DBXT FTVietnam 10US$ 1906 -35.5 -1.5 DBXT FTChina25 10US$ 2802 -24.5 -0.7 DBXT
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      61 9 s. -ii .•j"/' V*' 42^^* /.r yt Jmm:m. iiZks *fcV9&sr ’•>•••*• s,5r s i e 5 i ■:a m r fMl# ft* 5J» «s :■;■-•'?5 I H SSs m m H wy H- tys&tjiii mm Wmmm mrnmtnw* MMrThree piece tie "Take everything on evidence. There is no better rule." Charles
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  • SINGAPORE NEWS
    • Article
      Lock icon Business-friendliness of govt agencies slips a notch
      602 10  -  Maritime Port Authority tops ranking with its best-ever 93.9 By FELDA CHAY GOVERNMENT agencies here were a little less pro-enterprise this year than last year, an annual poll has indicated. The Pro-Enterprise Ranking survey, carried out since 2004 to assess government agencies with
      602 words
    • Article, Illustration
      Lock icon MBS makes it a point to give back to society
      594 10  -  By LEE U-WEN THE best way to encourage greater corporate social responsibility (CSR) in Singapore is to lead by example, says the chief of one of the country’s largest employers. Marina Bay Sands (MBS) has some 9,400 employees on its
      PHOTO: MARK CHEONG FOR THE STRAITS TIMES  -  594 words
    • Article
      Lock icon Money can most probably buy happiness here: study
      447 10  -  Singaporeans have enough to be fairly comfortable By By ZEINAB YUSUF SAIWALLA ACHIEVING more does not necessarily translate to greater happiness among Singaporeans, according to results of a recent study by two National University of Singapore Business School lecturers. Senior lecturer Tambyah
      447 words
    • Article
      Lock icon A*Star unit zooms in on five areas
      336 10  -  By TEO SI JIA THE technology transfer arm of A*Star has lined up a host of areas to focus on over the next few years in its push to develop Singapore’s research and business ecosystem. Exploit Technologies Pte Ltd (ETPL) will look to
      336 words
    • Article
      Lock icon Wholesale electricity prices fall to year-low
      484 10  -  Lower energy costs, record high supply of gas-fired power plants fuel decline By RONNIE LIM SINGAPORE’S wholesale electricity prices slid to a year-low last month, mainly due to lower energy costs and supply of more-effi-cient, gas-fired power plants hitting a record high, the latest
      484 words
    • Article
      Lock icon Globalfoundries raising capacity with less staff
      380 10  -  By CHNG SZE NING SEMICONDUCTOR firm Globalfoundries is raising its production capacity in Singapore with a reduced workforce that could trim 300 employees from its headcount. No timeframe was given for the job cuts but its general manager for the Singapore operations K C
      380 words
    • Article, Illustration
      Lock icon Being bilingual is not enough, says Kuan Yew
      731 12  -  It won’t bridge the fundamental difference in S’pore, China cultures By CAI HAOXIANG FORMER prime minister Lee Kuan Yew told Singaporeans last night that being literate in both English and Chinese was not enough to put them on the crest of China’s
      PHOTO: DESMOND WEE/THE STRAITS TIMES  -  731 words
    • Article
      Lock icon BP-Kansai LNG supply deal creates buzz
      504 12  -  Price linked to US natural gas could lower power costs By RONNIE LIM A LONG-TERM LNG supply deal just concluded by BP Singapore with Japanese genco Kansai Electric Power has raised some industry buzz. This is because the 500,000 tonnes per annum of liquefied
      504 words
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      888 11 Your Gateway to Opportunity Headquartered in Asia’s most globalised city, SGX is among the world’s largest exchanges and is Asia’s second largest listed exchange. Clients come to us as the gateway for raising capital and for managing investments in Asia’s vibrant and growing economies. We have many reasons to be
      888 words
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      88 12 A CLOSER LOOK AT PROPERTIES FOR RETIREMENT. A smaller-sized unit in your golden years is key to optimum manageability. Find your ideal retirement home at stproperty.sg. We have choice HOB and private apartments for the one place that will fulfil your requirements. A product of SPH, Singapore’s trusted media group.
      88 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China confident of hitting 7.5% GDP growth target
      756 13 Commerce Minister says the final figure could even exceed the forecast Reuters [BEIJING] China is certain to hit the government’s economic growth target of 7.5 per cent for 2012 and could even exceed it. Commerce Minister Chen Deming made the comment at
      Reuters; PHOTO: AFP  -  756 words
    • Article
      Lock icon China banks to sell up to 150b yuan of sub-debt
      317 13 Reuters [BEIJING] Chinese banks, including Agricultural Bank of China Ltd and China Construction Bank Corp, are rushing to sell up to 150 billion yuan (S$29.5 billion) of subordinated debt by the year-end ahead of tougher issuance rules, bank disclosures show.
      Reuters  -  317 words
    • Article
      Lock icon Beijing may relax one-child policy
      330 13 Reuters [BEIJING] China is mulling changes to its one-child policy, a former family planning official said, with government advisory bodies drafting proposals in the face of a rapidly ageing society in the world’s most populous nation. Proposed changes would allow for urban couples to have
      Reuters  -  330 words
    • Article, Illustration
      Lock icon Suzlon gets nod to revampdebt
      647 13 Reuters [MUMBAI] Lenders to Indian wind turbine maker Suzlon Energy Ltd, which last month defaulted on a US$200 million convertible bond redemption, have agreed to restructure about 110 billion rupees (S$2.4 billion) of its debt, sources said. The deal gives the world’s No 5 wind
      Reuters; PHOTO: REUTERS  -  647 words
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      190 13 FUTURE i H II t S f 0f fl ffi CHINA ADVANCED LEADERS PROGRAMME Up your China-quotient and join us on this experiential journey now! www.futurechina-alp.sg FC_ALP@businesschina.org.sg FAST TRACK TO BUSINESS SUCCESS IN CHINA Jointly conducted I U by Business China and Nanyang Business School, the Future China Advanced Leaders
      190 words
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  • SPECIAL BUSINESS CHINA AWARDS 2012
    • Article, Illustration
      Lock icon Raising the China quotient
      1160 14  -  Business China aims to nurture 20,000 to 30,000 “China-ready” Singaporeans who are bilingual and bicultural to boost networking ties By Low Yen Ling FIGURES tell an impressive story of Business China as it celebrates its fifth anniversary and the third instalment of its iconic Business China
      Photos: Business China  -  1,160 words
    • Article, Illustration
      Lock icon An eye for collaboration
      776 16  -  Professor Arthur Lim Siew Ming helps cataract patients regain their sight and improve eye care standards in China By Hazel Tan ADVOCATING the use of a modern method of cataract extraction with intraocular implant, Professor Arthur Lim Siew Ming has helped restore the vision of about
      Photo: Chong Jun Liang  -  776 words
    • Article, Illustration
      Lock icon Building and giving back
      767 16  -  Enterprise Award winner CapitaLand is honoured for its contributions to Singapore-China exchanges By Mike Lee AS ONE of the first foreign real estate companies to enter China 18 years ago, CapitaLand has not only built a multi-billion-dollar portfolio in China but also made sizeable contributions to
      Photo: Ray Chua  -  767 words
    • Article, Illustration
      Lock icon Caring for the poor
      564 18  -  Dr Loh Cheng uproots himself from Singapore to provide quality medical care to the under-privileged in Yunnan By Grace Ma AS A student and medical officer, Dr Loh Cheng, 37, used to go on short-term medical missions to Sichuan and Yunnan provinces in China. It was
      PHOTO: DR LOH CHENG  -  564 words
    • Article, Illustration
      Lock icon Fostering stronger bonds
      868 18  -  OCBC supports Business China Awards for recognising outstanding individuals and companies for their successful engagements with China By Narendra Aggarwal FOR OCBC Bank, China has a place close to its heart. That is why it has been supporting the Business China Awards since their inception three years
      PHOTO: OCBC  -  868 words
    • Article, Illustration
      Lock icon Dr Tan Lai Yong: the ‘barefoot’ doctor in the Yunnan villages
      225 18 As one who always felt privileged to have had the opportunity to study medicine, Dr Tan Lai Yong decided to move to Yunnan with his family in 1996 to help impoverished communities from the minority ethnic groups there. Over
      PHOTO: CHONG JUN LIANG  -  225 words
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      359 15 Congratulations to all our recipients BusinessChinaAwards 2012 The Business China Awards aim to honour outstanding businessmen, entrepreneurs, professionals and organisations for their successes and contributions to Singapore-China relations as well as the appreciation of the Chinese language and culture. Business China Excellence Award Professor Arthur Lim Siew Ming Founding Medical
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      192 17 0 Success cannot be It is determined by the measured by work done achievements in the future in a single day (“0”) and beyond H Success is not achieved in a day. Hence, it was through the passage of time that our recipients of the Business China Awards garnered their
      192 words
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      261 19 Leading Foreign Real Estate Developer in China Raffles City Beijing, China Hongkou Plaza, Shanghai, China v i v .TiO |.V| 09MMZS The Loft, Chengdu, China f. f? ft ft ft I 3 r= :>p,kV: i ajpUall m warn u ft ft B pr *s> 23 Hope schools Raffles City Shanghai,
      261 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon KLCC Property surges on plan for RM15b Reit
      500 20  -  Petronas Twin Towers, Menara Petronas 3 among assets to be injected By PAULINE NG in Kuala Lumpur SHARES of KLCC Property Holdings (KLCCP) rose 2.2 per cent to RM5.70 yesterday as investors bought ahead of plans to establish a stapled real estate
      500 words
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      Lock icon Palm oil: A double-edged sword
      998 20 Washington Post [LAHAD DATU, Malaysia] Twentyfive years ago, Lahad Datu was just another sleepy port town on the fringe of Malaysian Borneo, frequented by traders, sea gypsies and the occasional pirate gang. These days, big money is flowing into banks and construction projects that have
      Washington Post; PHOTO: BLOOMBERG  -  998 words
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      Lock icon Page 20 Advertisements Column 1
      943 20 a* *AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices (Incorporated in the Republic of Singapore) (Co. Reg. No.: *****2709E) NOTICE OF EXPIRY OF WARRANTS W*****9 TO:ALLHOLDERSOFTHEW*****9WARRANTSTOSUBSCRIBEFORNEWSHARESINENVIRO-HUBHOLDINGSLTD. (THE “COMPANY”) THIS NOTICE IS IMPORTANTAND REQUIRESYOUR IMMEDIATEATTENTION. If you are in doubt as to the action you should take, you should consult your
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      412 20 NOTICE OF EXTRAORDINARY GENERAL MEETING SINGXPRESS LAND LTD. (Company Registration No. *****3164K) (Incorporated in Singapore) All capitalised terms in this Notice of Extraordinary General Meeting and defined in the circular dated 29 November 2012 (the “Circular”) shall, unless otherwise defined herein, bear the respective means as ascribed to them in
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      Lock icon Page 20 Advertisements Column 3
      337 20 SCAFFOLDING FOR SALE Invitation for Expression of Interest for Scaffolding Equipment, sale by tender on “as is where is” basis. “Starshore” Module System Safety access and scaffolding usage Formwork, shoring, perimeter safety screen and heavy duty propping usage Others (i.e. Electrical hand tools and Machineries) Expression of interest closes on
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      483 21 v WRAP UP THE YEAR JfJ I THE GIFT OF CHRISTMAS. 16 November to 25 December 2012 Not just a season of gift giving, but a celebration of fine taste and great music to wrap up the year in style. CITIBANK PARAGON (-•I WORLD MASTERCARD EXCLUSIVE Citibank Paragon WORLD MasterCard
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  • ECONOMY WATCH
    • Article
      Lock icon Asian trade to help boost global economy: study
      711 22  -  Emerging Asia’s economic growth will also raise intra-regional trade By MALMINDERJIT SINGH [SINGAPORE] Asian trade flows will help the global economy to grow by 73 per cent this decade to US$109 trillion by 2020, from US$63 trillion in 2010, with China and
      711 words
    • Article, Illustration
      Lock icon China maritime spats to shape world in 2013
      521 22  -  Topic among those discussed at The Economist’s event By MALMINDERJIT SINGH [SINGAPORE] A panel of speakers specialised in areas ranging from current affairs to entertainment, social enterprise and particle physics on Tuesday gave glimpses into what the next year would likely bring
      PHOTO: THE ECONOMIST  -  521 words
    • Article
      Lock icon Philippines surprises with robust Q3 growth
      793 22 Economy helped by farm output surge, late export rebound Reuters [MANILA] The Philippine economy picked up more than expected in the third quarter as strong domestic demand kept it relatively insulated from the global downturn, reducing the odds of an interest rate cut next
      Reuters  -  793 words
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      80 22 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
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      98 23 NOW THERE IS A QUICK AND FREE WAY TO SELL YOUR CAR. I v,: f VV -V I STCARS f f j 1 1 T *u\ POST YOUR w CAR AD FOR 5 FREE .v-; T •s I ♦>. v- •••> > > A IV y v a -V a
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  • WORLD
    • Article
      Lock icon US sees yuan as significantly undervalued
      605 24 But it doesn’t call China a currency manipulator Reuters [WASHINGTON] The Obama administration said on Tuesday that China’s currency remained “significantly undervalued”, but stopped short of labelling the world’s second-biggest economy a currency manipulator. Although Beijing controls the pace at which the yuan can
      Reuters  -  605 words
    • Article
      Lock icon Sales of new homes in October fall unexpectedly
      459 24 Housing market recovery hampered by limited access to credit and weak job growth LATEST US DATA Bloomberg [WASHINGTON] Purchases of new US homes unexpectedly declined in October, showing limited progress in the housing market recovery. Sales dropped 0.3 per cent to a
      Bloomberg  -  459 words
    • Article, Illustration
      Lock icon Thai govt survives no-confidence vote
      279 24 Puea Thai Party, coalition partners televised debate with opposition Reuters [BANGKOK] Thailand’s government survived a no-con-fidence vote yesterday, days after clashes here between protesters and riot police in the largest demonstration against Prime Minister Yingluck Shinawatra’s 16-month-old administration. Ms Yingluck has enjoyed a period of
      Reuters; PHOTO: AFP  -  279 words
    • BRIEFING
      • Article
        Lock icon EU okays 37b euros for 4 Spanish banks
        88 24 AP [MADRID] European Union authorities have approved the payment of 37 billion euros (S$58.4 billion) in bailout loans to four of Spain’s struggling banks provided each of them cut their loans and investments by 60 per cent. Under the plan, the four
        AP  -  88 words
      • Article
        Lock icon Abu Dhabi firm buys stakes from BP
        68 24 Bloomberg [DUBAI] Abu Dhabi National Energy Co bought stakes in North Sea fields for US$1.1 billion from BP plc, the energy producer that’s disposing of assets in the wake of the 2010 Gulf of Mexico oil spill. Taqa, as the statecontrolled power and
        Bloomberg  -  68 words
      • Article
        Lock icon ECB defends its supervisory role
        80 24 Reuters [FRANKFURT] The European Central Bank said yesterday European law gave it the legal basis to take on a banking supervisory role and called for a resolution mechanism for shoring up or closing troubled banks to be set up alongside the supervisor. “The ECB considers
        Reuters  -  80 words
      • Article
        Lock icon Obama, Romney in private lunch talk
        74 24 Bloomberg [NEW YORK] President Barack Obama plans a private lunch today with his election opponent Mitt Romney, amid a face-off with congressional Republicans over taxes and spending and how to cut the deficit. In his victory speech after winning a second term in a
        Bloomberg  -  74 words
    • Article
      Lock icon Kabul Bank moved US$900m abroad: independent review
      706 24 Scandal arose from poor oversight, political interference AP [KABUL] Hundreds of millions of dollars from Kabul Bank were spirited out of Afghanistan some smuggled in airline food trays to bank accounts in more than two dozen countries, according to an independent review released
      AP  -  706 words
    • Article
      Lock icon Hedge fund industry in for tougher year ahead
      708 26 Bumper profits likely to remain elusive as political, central bank action prevails Reuters [LONDON] Hedge funds’ glory days seem a long way off as they head into a tricky 2013, with bumper profits likely to remain elusive in markets now dominated by
      Reuters  -  708 words
    • Article
      Lock icon Britain’s green bank invests £13m in 2 projects
      211 26 Reuters [LONDON] UK government-backed Green Investment Bank, designed to spur private funding for low-carbon energy initiatives, has provided £13 million (S$25.4 million) finance for two projects. The bank, headquartered in Edinburgh and capitalised with £3 billion of government money, received state aid
      Reuters  -  211 words
    • Article, Illustration
      Lock icon UK govt, insurers in blame game over flood cover
      542 26 AP [LONDON] Lynne Jones’ cosy bed and breakfast in Britain’s Lake District boasts views over the River Greta where heron come to feed, and a panoramic vista of Skiddaw mountain. Her B&B has another virtue: It’s practically watertight, she said. In
      AP; PHOTO: AFP  -  542 words
    • Article, Illustration
      Lock icon Dubai back in the mood for mega projects
      771 27 It is planning a ‘desertopolis’ named after its ruler among other developments AP [DUBAI] Dubai is suddenly rediscovering its old habits. That means relentless hype and construction plans loaded with superlatives. Case in point: A proposed Taj Mahal replica four times bigger
      AP; PHOTO: AP  -  771 words
    • Article
      Lock icon Congress seen patching, not solving, fiscal gap problem
      703 27 Money managers say markets will be hit hard by such failure Reuters [NEW YORK] All the talk about Washington’s looming fiscal cliff, a combination of big tax hikes and budget cuts set to begin next year, has at least one US bond
      Reuters  -  703 words
    • Article, Illustration
      Lock icon US price hikes on branded drugs far outpace consumer goods inflation
      503 27 Reuters [NEW YORK] US price increases on popular branded drugs in the past year have been more than six times the overall rate of inflation for consumer goods, according to data compiled by Express Scripts for its first quarterly
      Reuters; PHOTO: BLOOMBERG  -  503 words
    • Article
      Lock icon Thailand’s central bank keeps rates unchanged
      271 27 Reuters [BANGKOK] Thailand’s central bank yesterday left its benchmark interest rate unchanged at 2.75 per cent, as expected, saying the country’s economy is stronger than before and the global economy is showing signs of recovery. The central bank said the seven-member Monetary Policy Committee
      Reuters  -  271 words
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      62 24 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
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      Lock icon Page 24 Advertisements Column 2
      28 24 Singapore's Leading Chi nese Watch and Jewellery Magazine A PUBLICATION OF ICON L i Ik V k 2012/2013 OUT NOW AVAILABLE AT KINOKUNIYA, MPH, PROLOGUE, TIMES BOOKSTORES sPHmagazines
      28 words
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      240 25 SPHis more just a newspaper than company We go beyond the power of print to meet evolving needs. Through digital platforms, radio, outdoor media, exhibitions, shopping malls and community activities, we engage minds and enrich lives. DIGITALThe AsiaOne network, STJobs, STProperty, STClassifieds, STCars, STOMP, ST Razor TV, omy.sg, shareinvestor.com, HardwareZone.com,
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      208 26 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
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      61 27 GRAB YOUR DECEMBER ISSUE NOW! I SPECIAL BUMPER ISSUE! GUIDE TO GEAR i Men's^alfli 297 NEW WAYS TO GET W I'l'JA mas HEAlTHBtlWE ram. mi swam THE THINKING MAN S DRINKING MANUAL COOL WATCHES EVERYGUY MUSTHAVE FOREPLAY: YOUR GUIDE-HER GUIDE THE 20-SECOND muuu sv ■s YEAR-END BONUS! GUIDE TO GEAR
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      Lock icon Page 27 Advertisements Column 2
      22 27 TRAVEL TIME Five destinations for you to choose from this holiday season Singapore’s oldest Olympian recalls glory days GET YOUR COPY TOMORROW
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  • EDITORIAL & OPINION
    • Article
      Lock icon Paying dividends benefits companies too
      500 28 EDITORIAL FINANCIAL repression has become a fashionable buzzword, following the massive amounts of stimulus that governments have put in place since the 2008 crisis and that they continue to inject. The term is broadly defined as the phenomenon where governments channel monies to themselves to
      500 words
    • Article, Illustration
      Lock icon Psychology is what’s keeping the American recovery feeble
      768 28  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group US Federal Reserve chairman Ben Bernanke last week became the latest economist to ask why the current economic recovery has been so weak. The explanation is actually straightforward: The financial crisis and
      The Washington Post Writers Group  -  768 words
    • Article, Illustration
      Lock icon Japan’s rainbow coalition a force to be reckoned with
      1091 28  -  Other parties besides the DPJ may stymie the bold changes Shinzo Abe is calling for ANTHONY ROWLEY Tokyo Correspondent Financial markets may be counting their proverbial chickens before they are hatched with regard to their tactic of shorting the yen and
      PHOTO: REUTERS  -  1,091 words
    • Article, Illustration
      Lock icon Biopharmaceutical sector needs revamp
      1673 29  -  A key element will be a renewed focus on health care, both in easing suffering and in addressing the needs of society By AMAR KUREISHI The writer is chief medical officer and head of drug development for Quintiles Asia WHILE the fundamental problems of low R&D
      PHOTO: AP  -  1,673 words
    • Article, Illustration
      Lock icon Greek PM should tackle tax evasion, corruption, cartels
      947 29  -  REUTERS BREAKINGVIEWS By HUGO DIXON THE battle against Grexit Greece’s exit from the euro is far from won. Even after Athens gets its next 44 billion euro (S$69.5 billion) tranche of bailout cash and some further debt relief (which eurozone finance ministers
      PHOTO: BLOOMBERG  -  947 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon Maldives cancels airport development project
      478 30 Voiding of US$511m Indian deal raises doubt over future of foreign investments Reuters [MALE] The Maldives has cancelled its biggest foreign investment project, a US$511 million deal with Indian firm GMR Group to develop its international airport, raising questions over the future of foreign investment
      Reuters  -  478 words
    • Article
      Lock icon Kawasaki Kisen delays fleet expansion
      327 30 Bloomberg [TOKYO] Kawasaki Kisen Kaisha Ltd, Japan’s thirdbiggest shipping line, delayed plans to expand its commodity-vessel fleet as a global glut saps cargo rates. “We’re slowing our expansion,” Toshiyuki Suzuki, a managing executive officer, said in Tokyo. The company will shed 24 commodity ships in
      Bloomberg  -  327 words
    • Article, Illustration
      Lock icon Cathay cutting passenger capacity
      462 30 Bloomberg [HONG KONG] Cathay Pacific Airways Ltd will cut passenger capacity by 1.6 per cent next year, the first reduction since 2009, as it contends with slowing international travel demand and a need to train pilots for new aircraft. The cut, which mainly affects long-haul routes,
      Bloomberg; PHOTO: BLOOMBERG  -  462 words
    • Article
      Lock icon ACM shares slump after annual outlook cut
      221 30 Bloomberg [LONDON] ACM Shipping Group Plc fell the most since February in London trading after cutting its annual outlook as slumping rates to transport commodities hurt commissions from arranging vessel hires. ACM dropped as much as 9.8 per cent, the most since Feb
      Bloomberg  -  221 words
    • Article
      Lock icon TRANSPORT STOCKS
      248 30 SGX '000 Nov 28 S$ +/-Vol CH Offshore 0.44 -0.01 36 Chuan Hup Hldg 0.24 -0.01 75 Cosco Corp 0.91 0.01 4741 S$ First Ship Lea 0.12 unch 255 Freight Links 0.07 unch 399 Grand Banks unch unch 0 Jaya Hold Ltd 0.55 unch 222 K1Ventures 0.12 unch
      248 words
    • Article
      Lock icon Shanghai to introduce dry-bulk, tanker indexes
      783 30 Gauges to track China import shipping rates Bloomberg [HONG KONG] Shanghai Shipping Exchange will introduce dry-bulk and oil-tanker indexes in a challenge to a 268-year-old London bourse that sets freight rates covering about 75 per cent of global commodity cargoes. The indexes will track
      Bloomberg  -  783 words
    • Article
      Lock icon The Business Times Shipping times
      1946 31 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
      1,946 words
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  • Page 30 Miscellaneous
    • Miscellaneous
      Lock icon Page 30 Miscellaneous Column 1
      332 30 CRYPTIC CROSSWORD Across 1 Drink a lot of Spanish wine and turn in (3,3,4) 6 Cease control of organ (4) 10 Sadder rock group without energy (5) 11 Singer makes a buck perhaps after party (9) 12 Turning over when start of update’s imminent (8) 13 Treat badly tropical fish
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2811 32 Transaction date: Nov 28 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 142.5 +2.5 985 145 140
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    • Article
      Lock icon SGX CATALIST
      227 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 Last 4.6 1.3 t Advanced System 1.6 unch 1712 1.6 1.5 1.5 1.6 23.8 Vol Day Last Quote Div Gr Yld Net M Cap
      227 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8506 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 7317/ FM local Cry Bond 0
      8,506 words
    • Article
      Lock icon GLOBALQUOTE
      189 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 $mil Last 41.5 26 Genting HK US$ US31.5 unch 2218 31.5 31 31 31.5 2074.1 Day 228 169 TanChongInt HK212 206 218 4.3 3.3 7.1 4269.5 STOCK PRICES
      189 words
    • Article
      Lock icon SGX ETF
      903 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 $mil Company 128.9 120.4 CIMB APAC Div 100S$D 125 126.3 127.2 105.5 95.8 CIMB APAC Div 100US$ US105.5 103.1 104 11.1 1323 1246 CIMBASEAN40 100S$D 1293 1285
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      620 34 Nov 28 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9375.48 9407.62 9308.35 Dec12 9435.00 9455.00 9295.00 9305.00 *****5 *****2 Mar13 9415.00 9415.00 9295.00 9290.00 559 2636 MSCI TAIWAN INDEX FUTURES SPOT 268.20 268.49 266.67 Nov12 268.70 269.30 267.20 268.10 *****3 ***** Dec12 268.10
      620 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 34 In local curr In S$ In US$ dy yr dy yr dy yr Nov 27 Index Change Change Change Change Change Change World Preliminary 914.0 0.1 10.2 0.2 3.9 0.1 10.2 EAFE Preliminary 743.3 0.3 9.0 0.2 2.6 0.1 8.8 Europe Preliminary 1118.3 0.2 8.9
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      108 34 As on 27 November 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1750.10 1744.00 1742.50 INDIA GOLD (E-GOLD) FUT DEC2012 582.15 577.60 578.55 GOLD FUT FEB2013 1747.10 1747.00 1745.00 INDIA GOLD (E-GOLD) FUT FEB2013 584.20 582.30 584.65 CURRENCY EUR-USD FUT DEC2012 1.2988 1.2950
      108 words
    • Article
      Lock icon CHICAGO BOT
      107 34 Nov 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 13 1449.25 1424.75 1451.00 1423.00 Mar 13 1437.50 1412.25 1440.00 1411.75 May 13 1414.25 1392.25 1415.00 1392.75 Jul 13 1407.00 1385.50 1408.25 1386.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 50.12
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 34 CRUDE OIL PRODUCTS Nov 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.07 -0.56 WTI (Near Mth) 87.31 -0.43 Dubai (1-Mth F) 107.75 -0.19 Tapis blend 115.35 -0.63 Minas 108.63 -0.63 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.17 0.73 Jet Kerosene 126.47 -0.36 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 34 Nov 28 S$ Bid Offer 1-month 1.2226 1.2227 2-months 1.2226 1.2227 3-months 1.2226 1.2227 6-months 1.2225 1.2228 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      64 34 Nov 27 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2000.50 1986.50 3 months 2009.00 2000.00 Copper, Grade A(US$/tonne) Cash 7789.25 7763.50 3 months 7807.00 7780.00 Lead(US$/tonne) Cash 2210.50 2180.75 3 months 2213.00 2183.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon LIFFE
      80 34 Nov 27 COCOA (£/tonne) Close Prev High/Low Dec 12 1564 1586 1592/1556 Mar 13 1560 1584 1591/1552 May 13 1567 1590 1597/1560 Jul 13 1572 1595 1600/1569 COFFEE(US$/tonne) Close Prev High/Low Nov 12 1906 1839 1875/1846 Jan 13 1911 1854 1913/1844 Mar 13 1919 1864 1921/1853 May 13 1933
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      933 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 Price BiosensoMBeCW*****3 3.5 0.1 500 0.4 140 7 Biosensors
      933 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 34 Nov 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.040 6.514 0.809 8.107 58.103 100.604 0.856 11.373 3.193 1.272 100.844 42.776 1.279 9.249 0.974 30.485 32.129 0.653 1.046 Canada 0.962 6.265
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    • Article
      Lock icon SIBOR
      62 34 Nov 28 (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$) 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP
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    • Article
      Lock icon PRECIOUS METALS
      134 34 Nov 28 GOLD(US$/oz) Nov 28 Nov 27 Hong Kong 1749.00 1757.00 Nov 27 Nov 26 London 1745.51 1747.91 1746.28 1748.68 Source: Thomson Reuters CAST BAR Nov 28 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 154 68 5gm 436 342 10gm 779 684
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 34 Nov 28 Nov 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 28-Feb-13 0.25 6-Month BS*****T 30-May-13 0.27 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.03 5-Year N*****0Z 2.375
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    • Article
      Lock icon PALM OIL
      57 34 Nov 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 12 2159.0 2178.0 2165.0 2135.0 243 3535 Jan 13 2365.0 2355.0 2365.0 2323.0 4187 ***** Feb 13 2415.0 2410.0 2417.0 2383.0 ***** ***** Mar 13 2460.0 2450.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 34 Nov 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2786 1.2793 1.0458 1.0463 Canadian dollar 1.2297 1.2305 1.0063 1.0058 Euro 1.5802 1.5806 1.2925 1.2927 NZ dollar 1.0050 1.0057 0.8220 0.8225 Sterling pound 1.9570 1.9574 1.6007 1.6009
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 34 As at 9am Nov 28 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.307 1.245 Can dollar 1.258 1.199 Euro 1.619 1.542 Sterling pound 1.996 1.92 NZ dollar 1.036 0.978 US dollar 1.247 1.188 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 34 Nov 28 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ 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
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  • PROPERTY
    • Article, Illustration
      Lock icon US rule change gives mixed-use projects a boost
      1075 35 Federal housing agency reforms seen helping to revive condo sales NYT [ATLANTA] When the real estate investment manager Jamestown Properties began renovating a massive old Sears warehouse in Atlanta last year, it had a good idea of what it wanted to create:
      NYT; PHOTO: NYT  -  1,075 words
    • Article, Illustration
      Lock icon Japan billionaire plans property spree of up to 100b yen
      780 35 He cites local real estate recovery, yen’s strength for making investments Bloomberg [TOKYO] Japanese billionaire Akira Mori plans to buy as much as 100 billion yen (S$1.49 billion) in properties in Tokyo, New York and London, his company’s first investment
      Bloomberg; PHOTO: BLOOMBERG  -  780 words
    • Article
      Lock icon Househunt
      306 35 PROPERTY TRANSACTIONS FOR DISTRICTS 3 TO 27 WITH CONTRACT DATES BETWEEN OCT 31 AND NOV 6, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Ascentia Sky Apt 01/11/2012 99 1475 1844 1250 District 5 NON-LANDED Palm Green
      306 words
    • Article, Illustration
      Lock icon Las Vegas back on home buyers’ radar
      1523 36 New fever breaking out after a price fall of 62%, the steepest of any US city Bloomberg [SAN FRANCISCO] Renee and Dwaine McCuistion, who lost their Las Vegas home after defaulting in 2010, are feeling lucky again. They bought another property last month
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      Lock icon Record corn, soyabean prices driving up farm rents
      884 36 Stage is set for a profit squeeze next year should prices retreat on a rebound of crop output Bloomberg [CHICAGO] The drought-fuelled rally in US cropland values is boosting costs for farmers who rent rather than own their land, increasing the risk
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      Lock icon Grade A office rents continue to fall in Q4
      686 37  -  They will remain relatively flat next year, property consultancies predict By KALPANA RASHIWALA [SINGAPORE] Grade A office rents have continued to fall this quarter, rental data from major property consultancies shows. CBRE’s estimates show that the average monthly rental value for
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      Lock icon No correction in home prices after measures
      559 37  -  By MINDY TAN [SINGAPORE] No appreciable correction in overall house prices was seen in October, despite the latest round of cooling measures. Prices of completed private apartments and condominiums (excluding executive condos) rose one per cent in October, fuelled by price increases in
      Source: NUS Institute of Real Estate Studies, URA  -  559 words
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      209 37 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% CONSENT
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