The Business Times, 1 December 2012

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Total Pages: 47
1 20 The Business Times
  • 15 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| g| DECEMBER 1-2, 2012 S$1.00| MICA (P) 075/08/2012
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  • 46 1 LENDING BANK loans growth picked up in October to 17.9 per cent after 10 months of slowing year-on-year growth as demand from both businesses and consumers meant a quicker pace of loan expansion than September’s 16.5 per cent growth. 2
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  • 37 1 REDAS ANNIVERSARY WONG Heang Fine, president of the Real Estate Developers’ Association of Singapore (Redas), urges the government to allow the recent cooling measures for public housing to take their course. 5
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  • 32 1 EMPLOYMENT THE Retirement and Re-employment Act (RRA) sent the employment rate for older men to a new high in June, just six months after it kicked in. 5
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  • 1021 1  -  Muddy Waters denies being a front for funds and wants Olam to get its debt rated by S&P By Joyce Hooi, Andrea Soh joyceh@sph.com.sg sandrea@sph.com.sg Singapore ANOTHER day, another attack this time from Muddy Waters. It wants Olam to get its debt rated
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  • Page 1 Advertisements

  • TOP STORIES
    • MARKETS
      • 58 2 GSTI 3,069.95 (+24.05) GSTI FUTURES 3,062.00 (+16.00) GSIMSCI 349.70 (+2.45) GSIMSCI FUTURES 348.50 (+1.20) Friday Change KL COMP 1,610.83 +3.51 NIKKEI 225 9,446.01 +45.13 HANG SENG 22,030.39 +107.50 SET 1,324.04 +14.47 JAKARTA 4,276.14 -42.94 MANILA 5,640.45 +6.73 KOSPI 1,932.90 -1.95 SHENZHEN B 608.08 +4.08 MUMBAI IND 19,339.90 +168.99 11.00
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      • 30 2 SINGAPORE MALAYSIA 5.36 6.55 KONG KOHG IHODNESA TAIWAN JAPAN sop '4.U0 5.03* ..475 *CVtA V.35 bail ain 0.5U US 3.2S CNHAPA ?oo 5'/rT7ERLAND os: 1NOIA i*S0 Source: Bloomberg
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      • 48 2 us$ s$ US$ (S$ per US$) 1.220 (US$/S$ per 1.605 1.958 EURO(US$/S$/€) 1.301 1.588 Foreign currency per US$ S$ YEN 82.60 67.70 RM 3.041 2.492 HK$ 7.750 6.351 BAHT 30.68 25.14 RUPIAH 9,610 7,875 RENMINBI 6.226 5.103 INDIAN RUPEE 54.51 44.67 A$ 0.959 0.786 NZ$ 1.216 0.996
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    • 669 2  -  DBU loans up 1 .5% over the month to $479.4b; lending to businesses grows 1 .3% to $278.1 b By Teh Shi Ning tshining@sph.com.sg Singapore BANK loans growth picked up in October to 17.9 per cent after 10 months of slowing year-on-year growth
      FILE PHOTO  -  669 words
    • 704 4  -  By Siow Li Sen lisen@sph.com.sg Singapore “I DON’T expect bonds to fall; fluctuations, yes, but I don’t expect bonds and distress in the same sentence,” says Sue Goh of her Olam bonds. Yesterday, Olam bonds continued to slide despite the company’s shares stabilising,
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    • 625 4  -  SATURDAY SOAPBOX Joyce Hooi joyceh@sph.com.sg Correspondent HOW do I love thee, Carson Block? Let me count the ways no, really, let me count them. With your 133-page accounting exposé on Olam and your eight-page comeback to their comeback, you’ve run out of fingers and toes,
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    • 628 5  -  Redas urges policy-makers not to tighten the demand tap further By Ong Chor Hao ongch@sph.com.sg Singapore LET the golden goose that is the real-es-tate sector continue laying its golden eggs. This was the message from Wong Heang Fine, president of the Real Estate Developers’
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    • 576 5  -  By Chuang Peck Ming peckming@sph.com.sg Singapore THE Retirement and Re-employment Act (RRA), which requires employers to offer workers who retire at 62 the option to continue working, has lost no time in making its presence felt. It sent the employment
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    • 771 6  -  Debate among leaders of competing parties in Dec 16 general election shows opposing views By Anthony Rowley btworld@sph.com.sg Tokyo THE leader of the Liberal Democratic Party (LDP), Shinzo Abe, who is widely tipped to become the next prime minister,
      PHOTO: REUTERS  -  771 words
    • 449 6 AP Berlin GERMAN lawmakers have overwhelmingly backed a deal aimed at trimming Greece’s debt load and keeping the country financially afloat, but Finance Minister Wolfgang Schaeuble insisted it would be irresponsible to raise hopes of more radical debt forgiveness soon. Parliament voted 473-100
      AP  -  449 words
    • 724 7  -  Some track eyeballs, helping firms to decide where to place important info By Victoria Ho vhoip@sph.com.sg Boston IF the recent US elections taught us anything, it’s that websites know an awful lot about you, and data can be a creepily powerful tool. The Obama
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    • 615 8  -  101-year-old UK-based Fauja Singh, who holds world record for over-90 category, will only run 10km in StanChart race By Malminderjit Singh msingh@sph.com.sg Singapore THE world’s oldest marathoner, 101-year-old, UK-based Fauja Singh, will be running 10km at this Sunday’s Standard Chartered Marathon. With him will
      PHOTO: SANDEEP SINGH  -  615 words
    • 392 8 Bloomberg Washington CONGRESSIONAL Republicans dug in to fight US President Barack Obama’s plan to skirt the fiscal cliff, rejecting his tax-and-spending proposal as the president headed out yesterday to sell it to the American public. Treasury Secretary Timothy Geithner shuttled among congressional leaders on Thursday
      Bloomberg  -  392 words
  • Page 2 Advertisements
    • 61 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-15 From the Desk of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show Me The Money 33 House Hunt 34 Real Estate 34-35 LIVING Dining L2-7 Christmas L8-9 CEOs’ Hawker Choices L10-12
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  • Page 3 Advertisements
    • 59 3 Ermenegildo Zegna Su Misura Made to measure is the art of personal elegance. Our promise is to deliver perfectly tailored apparel designed for your individual character from an unparalleled collection of Zegna fabrics. From personalized suits to entire wardrobes, the unique dividend of “Su Misura” is exacting sartorial excellence. ION
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  • Page 5 Advertisements
    • 75 5 SINGAPORE —SWEEP— 1 st prize $2,200,000 2 nd p R ZE 3 rd PRIZE SUPER SWEEP SNOWBALLED TO t pLV $500,000 $250,000 $1,300,000 it t ;£?i H *$2.2 Million m ££'"*1SINGAPORE S500.000 12/2012 W -SWEEP 3rd Prize i $250,000 Sn Draw Ho. 12/2012 »3 > 1 $3 Singapore aisaasafl DRAW
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  • Page 7 Advertisements
    • 659 7 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons No. 1084 of 2012/T In the Matter of Section 210 of the Companies Act, Chapter 50 And In the Matter of Kian Ann Engineering Ltd (Registration No. *****1102H) …Applicant SCHEME OF ARRANGEMENT under Section 210 of the Companies Act,
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  • WEEK IN REVIEW
    • THIS WEEK Nov 26-30, 2012
      • 44 9 SINGAPORE’S policymakers face conflicting challenges in the year ahead, participants at the 18th Singapore Economic Roundtable agreed. More debatable, though, was the extent to which rising business costs and a stronger Singapore dollar might hurt the economy’s competitiveness.
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      • 69 9 HE runs a small steel trading company in Tianjin and has seen his revenues shrink from 40 million yuan (S$7.8 million) to 10 million in just under two years. Like many other of China’s 30,000 steel traders, Li is struggling with depleting
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      • 64 9 RISING manpower costs are starting to bite businesses hard, a leading survey of more than 10,000 small and medium enterprises in Singapore shows. While this is to be expected as the labour landscape is repainted and government nudges companies to take
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      • 76 9 CHINA’S second-biggest insurance company has threatened to take legal action against the New York Times for reports that Premier Wen Jiabao’s relatives had accumulated massive wealth, largely through holdings in the firm. Ping An Insurance (Group) Co of China Ltd said it
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      • 71 9 MUDDY Waters finally put its mouth where its money was on Tuesday with a 133-page report on Olam detailing what it claims are the commodity trader’s shortcomings, and recommending a “strong sell”. The report comes a week after the man behind
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      • 60 9 EUROPEAN stock markets rallied and the euro touched a three-week high after the International Monetary Fund, eurozone nations and the European Central Bank negotiated a debt deal for Greece. The deal helped yields on Greek 10-year bonds to fall to 16.3 per
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      • 75 9 OLAM International hardened its position against US short-selling firm Muddy Waters on Wednesday, 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
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      • 71 9 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 has warned in its annual Financial Stability Review. With interest rates here at near-historic lows,
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      • 108 9 SOMETIME between receiving the midnight tinkle that upended his world last Monday and Thursday this week, Olam’s Sunny Verghese blinked just a bit in the face of research firm Muddy Waters’ all-out siege of the commodities trader. Olam’s CEO conceded that the firm
        PHOTO: BLOOMBERG  -  108 words
      • 39 9 IT must be Australia’s strangest corporate war. Qantas Airways has scrapped a major marketing deal with Tourism Australia, claiming that the latter’s boss is trying to unseat the airline’s management.
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      • 33 9 POLICE said yesterday that they had arrested and charged four SMRT bus drivers from China for their role in an illegal strike earlier this week.
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    • 70 9 US DATA Dec 3 Nov ISM manufacturing data Dec 4 Nov auto sales Dec 5 Nov ADP employment report Nov ISM Non-Manufacturing Index Dec 7 Nov unemployment rate SINGAPORE DATA Dec 4 Nov PM I Dec 7 Nov foreign reserves CHINA DATA Dec3 HSBC manufacturing
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  • Page 9 Miscellaneous
    • 296 9 Across 1 Fruit, queen’s choice (8,4) 8 Produce mostly stiff undergarment (7) 9 A gauzy fabric under discussion (2,5) 11 Copper is at home with English style of cooking (7) 12 Revolving handle getting a note to emerge (7) 13 United aware of Everton’s lead (2,3) 14 Band of gold
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    • 13 9 SATURDAY with Ludwig Glad to hear from you again sir. thanks a trillion
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  • THE RAFFLES CONVERSATION
    • 2133 10 / 11  -  George Tanasijevich, president and CEO of MBS, explains why his organisation does not want to be known as a ‘Las Vegas company’ but rather as a Singapore one that is fully engaged with the community here. By Lee U-Wen By Lee U-Wen leeuwen@sph.com.sg GEORGE Tanasijevich readily
      PHOTO: YEN MENG JIIN  -  2,133 words

  • COMPANY NEWS
    • 665 12  -  US fiscal cliff hopes push market value to $860b, up $7.7b By MINDY TAN tanmindy@sph.com.sg Singapore POSITIVE remarks from US politicians on progress being made on the fiscal cliff debate turned the tide around for the Singapore market, which spent most of
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    • 622 12 Reuters New Delhi BHARTI Infratel Ltd, the telecommunications tower unit of top Indian phone carrier Bharti Airtel Ltd, is set to raise up to US$825 million next month in what would be the country’s biggest initial share offering in two years. Bharti Airtel is
      Reuters; PHOTO: REUTERS  -  622 words
    • 692 13  -  Opportunities for growth in digital advertisements are always there, says chairman Lee Boon Yang By Cai Haoxiang haoxiang@sph.com.sg Singapore SINGAPORE Press Holdings’ (SPH) online forays are still in their infancy but the company will participate in the digital revolution, chairman Lee Boon Yang
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    • 256 13  -  By Zeinab Yusuf Saiwalla zynabs@sph.com.sg Singapore TUAN SING Holdings has formally begun the redevelopment of Robinson Towers, the annex and the International Factors Building into a single commerical and office development. Tenants were served with termination of lease notices of six months yesterday. The redevelopment is
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    • 525 14  -  Their sole purpose for wanting to get nominated is to realise value for shareholders, says one of them By Ong Chor Hao ongch@sph.com.sg Singapore THERE is no intention to take control of the board at Macquarie International Infrastructure Fund (MIIF), one of the three
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    • 282 14  -  By Carine Lee carinel@sph.com.sg Singapore HANWELL Holdings has received thumping support from its shareholders for the proposed sale of its 29.87 per cent stake in listed trading firm Intraco Ltd to TH Investments for $19.17 million, or 65 cents
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    • 389 14  -  Business trust’s unit closes at 83 cents, up 4.4% for the week By Lee Meixian leemx@sph.com.sg Singapore RELIGARE Health Trust units made a comeback this week as analysts initiated coverage on the business trust with “outperform” and “buy” ratings. The unit
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    • 983 15  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent ASUPPOSED easing of US “fiscal cliff” worries, yet another Greek bailout, penny-stock churning, and Rounds 2, 3 and 4 of the Olam International-versus-Muddy Waters saga were the main themes of the week. The Straits Times
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    • Business briefing
      • 61 15 BRIGHT Orient (Holding) Ltd has submitted a delisting proposal to the Singapore Exchange (SGX) to conduct a voluntary winding up and dissolution of the company. Bright Orient is a cash company and was not able to obtain an exit offer from any of its major shareholders.
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      • 92 15 Reuters The US$7.2 billion bid by DBS Group for Bank Danamon has become political, the governor of Bank Indonesia said yesterday, in his first acknowledgement that the issue is politically sensitive. “We have no further discussion (after the announcement of multiple licence regulation), but we’re asking
        Reuters  -  92 words

  • Page 13 Advertisements
    • 47 13 Uber Lux Penthouse One Shenton Heart of Business Empire; Global City JERRY LUM Snr Marketing Director, MBA, CES cea licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg The Finder Singapore The Essential Expat Magazine FREE DOWNLOAD Available On The App Store DECEMBER ISSUE OUT NOW!
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  • Page 14 Advertisements
    • 58 14 Teambuild Construction Group is hiring a Project Manager Total has a position open for a Maintenance Specialist TE Connectivity has a vacancy for a Technical Sales Engineer C. Melchers GmbH Co. is recruiting a Corporate Sales Executive Prima Food is looking for a General Manager (Prima Deli Division) Check out
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  • Page 15 Advertisements
    • 234 15 S33LLON EfiLVW NOTICE OF MEETING OF CREDITORS IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF IMP INTERIOR MAINTENANCE PRODUCTS PTE LTD Co. Reg. No. *****5162G Notice is hereby given pursuant to section 296 of the Companies Act (Chapter 50) that a meeting of the
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    • 188 15 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF ZYKEN INTERNATIONAL PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****2161Z) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, in pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Meeting of the
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    • 240 15 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF MOUNT TRISUL OFFSHORE PTE. LTD. (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****3322D) NOTICE IS HEREBY GIVEN that it was resolved at an Extraordinary General Meeting of member of the abovenamed company held on 29 November
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  • FROM THE DESK OF
    • 1251 16  -  Dynamics of the popular music and recording business have changed in recent years due to social media, as well as computer software FROM THE DESK OF Ben Rosen Managing Director The Gunnery IN 2003, when northern English band Arctic Monkeys shared 17 songs from
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  • SINGAPORE NEWS
    • 481 17  -  Knight Frank expects top bid of $1,000 to $1 ,1 00 psf ppr By Mindy Tan tanmindy@sph.com.sg A HOTEL site at the junction of Victoria Street and Ophir Road has been made available for application under the reserve list of
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    • 413 17  -  By Lee U-Wen leeuwen@sph.com.sg SINGAPORE is in a position today where it can both safeguard its own sovereignty and security, as well as contribute to regional and international peace and security, says Deputy Prime Minister Teo Chee Hean. As far as defence and diplomacy
      PHOTO:  -  413 words
    • 221 17 FORMER foreign minister George Yeo has been awarded Honorary Officer of the Order of Australia, one of Australia’s highest honours. The honour was bestowed in recognition of Mr Yeo’s service to Australia-Singapore bilateral relations and the establishment of the Singapore-Australia Free Trade Agreement (Safta). During the
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    • Briefing
      • 105 18 NATIONAL Development Minister Khaw Boon Wan says that he is watching the progress of the ground-up work to spruce up Boat Quay, Clarke Quay and Robertson Quay with interest, with a view to replicating the ideas elsewhere. Disclosing this in his blog yesterday, he
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      • 46 18 FORMER green activist Howard Shaw was released from prison yesterday four weeks earlier than the 12 weeks that he was sentenced to, for good behaviour. He was among 51 men charged with having paid sex with an underage prostitute in April.
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    • 350 18  -  The latter provides software that helps firms to manage complex stakeholder relationships By Andrea Soh sandrea@sph.com.sg HOMEGROWN technology venture capital firm Red Dot Ventures has invested in a second firm in less than a month. It said yesterday that it had invested
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    • 121 18 SINGAPORE AIRLINES (SIA) has raised $427,000 for non-profit organisation Community Chest, and the funds will go towards programmes that benefit children with special needs. A pair of limited edition female and male panda toys dressed in SIA’s signature batik motif were produced by SIA. Fund-raising
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  • Page 18 Advertisements
    • 54 18 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 this.
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  • WORLD
    • 506 19 Production of parts for devices including iPhone behind October’s increase Bloomberg Tokyo JAPAN’S factory output unexpectedly rose the most since December on production of parts for devices including Apple Inc’+s iPhone, providing a bright spot in an economy poised to shrink for a second straight
      Bloomberg; PHOTO: AFP  -  506 words
    • 364 19 AFP Hong Kong HONG KONG’s struggling Disneyland has posted its first profit since opening seven years ago thanks to an increase in mainland Chinese visitors, a report said yesterday, as it considers opening new hotels. The news will come as a welcome relief for the
      AFP  -  364 words
    • 445 19  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur FELDA Global Ventures Holdings registered a 48 per cent drop in earnings to RM224.5 million (S$90.2 million) in the fiscal third quarter as crude palm oil (CPO) prices slid on weaker demand. While
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    • 508 20 Fiscal crisis and tougher austerity measures deepening region’s economic problems Bloomberg Athens THE euro-area jobless rate rose to a record in October as the fiscal crisis and tougher austerity measures deepened the region’s economic woes. Unemployment in the 17-nation single-currency bloc increased to 11.7 per
      Bloomberg  -  508 words
    • 300 20 Bloomberg Rome AN Italian supermarket chain is offering customers who spend more than 30 euros (S$47.75) a shot at a lottery with an unusual payoff: jobs. “Our competition is open to everyone, of any age or social class,” said Alessandra Aloisi, human resources manager
      Bloomberg; PHOTO: BLOOMBERG  -  300 words
    • 188 20 Reuters Madrid SPANISH inflation eased in November thanks to a dip in energy prices but it remained far above the eurozone average, likely raising the cost of state pension rises for an already hard-pressed budget. The European Union-harmo-nised consumer price data showed
      Reuters  -  188 words
    • 555 21 Manufacturing almost flat at 0.8%; annual growth headed for lowest level in a decade Reuters New Delhi THE Indian economy extended its long slump in the quarter ended in September, with lower-than-expected growth keeping it on track for its worst year in a
      Reuters; PHOTO: REUTERS  -  555 words
    • 256 21 AFP London BRITAIN’S bailed-out Royal Bank of Scotland (RBS) said yesterday that the sale of its Indian retail and commercial activities to HSBC had lapsed, adding it will seek to wind down the operations. “The Royal Bank of Scotland Group announces
      AFP  -  256 words
    • 427 21 Bloomberg Frankfurt SIEMENS AG yesterday announced plans to eliminate an additional 4,700 jobs at its Osram lighting subsidiary to reap one billion euros (S$1.58 billion) in cost savings as the market for traditional light bulbs shrinks. The job cuts, which are focused
      Bloomberg  -  427 words
    • 403 22 It falls 0.2% as income growth stalls; decline suggests slower economic growth in Q4 LATEST US DATA Reuters Washington US consumer spending fell in October for the first time in five months as income growth stalled, suggesting slower economic growth in the fourth quarter. The
      Reuters  -  403 words
    • 743 22 Reuters Brussels EUROPEAN Union (EU) member states are preparing to fight as a bloc alongside the United States to prevent a move by Russia and countries in Africa to impose a levy on Internet traffic and make it easier to track users’
      Reuters; PHOTO: AFP  -  743 words
  • Page 19 Advertisements



  • Page 22 Advertisements
    • 25 22 LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WW1M.HOTFM.SG I FACEBOOK.COM/HOTFMSG I J* HOTFMSG
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  • 7928 23 Transaction date: Nov 30 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 14.3 11.4 8Telecom 12 12.3 14 66.8 0.4 2.9 57.5 6 3 A-Sonic 3.4 -0.1 95 3.4 3.4 3.4 3.8 3.8 24.3
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  • 1779 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 12.1 t 800 Super 19.6 18.8 19.4 3.3 5.1 5.9 35 4 3 t AA Grp 3.1 2.6 3.5 3 98 20 t APStrategic
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  • 186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 6 2 0 0 0 9 6 2 Manufacturing 58 41 41 3 8 5 61 49 46 Commerce 25 19 22 2 2 4 27 21 26 Tpt/Stor/Comms 26 7 6
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  • 811 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 26 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Perennial China Retail Trust 29-Nov-12 Pua Seck Guan *Buy 1350 0.49 ***** 4.42 ***** 4.54 Perennial China
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  • 121 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 60,304 60,304 129,765 129,765 Manufacturing 344,018 138,204 482,222 300,443 1,297 301,740 Commerce 169,819 4,216 174,035 205,828 214 206,042 Tpt/Stor/Comms 295,254 14,904 310,158 444,561 4,523 449,084 Finance 85,296 1,256 86,552 373,629 585 374,214 Construction 49,114 238,442
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  • MARKETS
    • 80 27 Nov 29 COCOA (£/tonne) Close Prev High/Low Dec 12 1593 1577 1600/1582 Mar 13 1585 1571 1594/1575 May 13 1591 1578 1600/1582 Jul 13 1597 1583 1605/1590 COFFEE(US$/tonne) Close Prev High/Low Nov 12 1933 1930 1929/1929 Jan 13 1938 1935 1945/1923 Mar 13 1942 1936 1948/1925 May 13 1954
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    • 68 27 Nov 30 GOLD(US$/oz) Nov 30 Nov 29 Hong Kong 1738.20 1728.50 Nov 29 Nov 28 London 1726.40 1712.24 1727.20 1713.46 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 42.07 41.43 Source: UOB PLATINUM Lon (US$/oz) Nov 29 Close Previous PM Fix 1620.00 1589.00 AM Fix 1616.00 1604.00 Source:
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    • 42 27 Nov 30 kl.CE PALM FUTURES (RM/MT) ov. >>r» l» »n# o. ■jr; it QW ll£e£ i*. >1£> -n *.i «u«> .‘O' t Dn#n a./r Una ..ii 1/1. J3oL ;*3^o llbbi ta>ju A* n /BJDft !ikC !-4U ES Source: Bursa Malaysia
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    • 88 27 Nov 30 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 5-Year N*****0Z 2.375 01-Apr-17 108.45
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    • 154 27 Nov 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2721 1.2734 1.0429 1.0432 Canadian dollar 1.2285 1.2302 1.0078 1.0072 Euro 1.5872 1.5886 1.3012 1.3014 NZ dollar 1.0032 1.0043 0.8224 0.8227 Sterling pound 1.9574 1.9592 1.6047 1.6050
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    • 95 27 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1725.20 1718.70 1727.20 GOLD FUT FEB2013 1730.30 1720.40 1729.40 INDIA GOLD (E-GOLD) FUT FEB2013 578.30 574.55 579.70 CURRENCY EUR-USD FUT DEC2012 1.3008 1.2941 1.2974 BASE METAL COPPER FUT MAR2013 7957 7816 7948 INDEX IRON ORE (MBIO)
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    • 103 27 Nov 29 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 13 1448.00 1446.25 1460.00 1441.25 Mar 13 1441.00 1435.00 1450.25 1431.75 May 13 1418.50 1410.50 1423.50 1407.00 Jul 13 1408.25 1401.75 1412.75 1398.25 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Dec 12 49.77 50.11 50.46 49.70
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    • 68 27 Nov 29 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 110.82 1.82 WTI (Near Mth) 87.89 1.27 Dubai (1-Mth F) 107.11 0.56 Tapis blend 114.69 0.72 Minas 107.97 0.72 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103 0.5 Jet Kerosene 124.61 -0.39 US$/barrel OpecOil Basket Price 107.46
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    • 118 27 Nov 30 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.303 1.241 Can dollar 1.258 1.199 Euro 1.621 1.544 Sterling pound 1.995 1.919 NZ dollar 1.037 0.979 US dollar 1.245 1.186 Local dollars to 100 units of foreign currency: Currencies Sell
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    • 69 27 Nov 29 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2065.25 1992.00 3 months 2064.00 2000.00 Copper, Grade A (US$/tonne) Cash 7885.25 7747.25 3 months 7899.50 7767.50 Lead (US$/tonne) Cash 2222.50 2185.75 3 months 2222.00 2188.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • 373 27 In local curr In S$ In US$ dy yr dy yr dy yr Nov 29 Index Change Change Change Change Change Change World Preliminary 919.3 0.5 10.8 0.4 4.4 0.6 11.0 EAFE Preliminary 750.2 1.1 10.0 1.1 3.6 1.3 10.0 Europe Preliminary 1133.5 1.2 10.4
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    • Article, Illustration
      105 27 Straits Times Index YTD change:+16.01% 52-week high: 3,110.86 on Oct 5,2012 52-week low: 2,606.52 on Dec 20,2011 Source: Bloomberg Hang Seng Index YTD change:+19.51% 52-week high: 22,149.70 on Nov 2,2012 52-week low: 17,821.52 on Dec 19,2011 Source: Bloomberg Shanghai Stock Exchange Composite YTD change: -9.97% 52-week high: 2,478.38
      Source: Bloomberg  -  105 words

  • PERSPECTIVE
    • 1536 28 / 29  -  Energy evangelist Amory Lovins has a blueprint for how business and society can drive a renewable power revolution. By Anna Teo By Anna Teo anna@sph.com.sg JUST before he stepped out of the room at the Civil Service College, after the interview had wrapped up, Amory
      1,536 words
    • 758 28 / 29  -  We must be reminded of the risk of despoiling it to the point of no return Anthony Rowley Tokyo Correspondent I “TRAVELLED” to Mars this week, taking with me some 30 other journalists from right across the emerging Asia region.
      758 words

  • Wealth
    • WEALTH INVESTING
      • 1076 30 / 31  -  The fund manager buys and sells securities without having to get client approval for every decision in a discretionary portfolio. ABN has just launched an Asian-focused discretionary portfolio management service. Genevieve Cua gen@sph.com.sg Personal Finance Editor Entrusting a pot of money to a private bank to manage
        1,076 words
      • 682 30 / 31  -  Compiled Lynn Kan Tat Hong Holdings Buy Maybank Kim Eng Nov 30 Nov 30 close: $1.40 Following our recent conversation with the company, we remain confident on Tat Hong’s long-term fundamentals. In our view, Tat Hong is still in the middle of a multi-year growth cycle. After a
        682 words
      • 1448 32 Despite the tough financing environment for clean tech companies, one of the most vocal advocates of such innovation is going ahead with more investments NYT VINOD Khosla crowed about the clean energy industry last year. Three of the biofuel startups in his venture
        NYT; PHOTO: REUTERS  -  1,448 words
      • 1216 33  -  When a company comes along and sells us a dream, it may turn out to be a nightmare if investors are not so savvy SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder WHAT’S the
        PHOTO: REUTERS; Source:  -  1,216 words
    • WEALTH REAL ESTATE
      • 716 34 The 1 .5m-2m euro property is in the country’s prestigious Saint Emilion area of Bordeaux AFP Bordeaux A CHINESE industrialist has completed the landmark purchase of Chateau Bellefont-Belcier, a leading estate in France’s prestigious Saint Emilion wine-making area, sources involved in the
        AFP; PHOTO: AFP  -  716 words
      • 288 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN OCT 31 AND NOV 6, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Ascentia Sky Apt 01/11/2012 99 1475 1844 1250 District 5 NON-LANDED Palm Green Apt 02/11/2012
        288 words
      • 420 35  -  200 of 299 units at project with Green Mark Platinum certification released for sale snapped up By Kalpana Rashiwala kalpana@sph.com.sg Singapore ALMOST 200 out of the 299 units released for sale in Eco Sanctuary in Upper Bukit Timah are understood to have been sold,
        420 words
      • 422 35 Bloomberg London LUXURY-HOME prices in central London rose at their slowest rate in more than two years in November as investors delayed purchases ahead of possible new property taxes, according to Knight Frank LLP. The average price of a house or apartment in
        Bloomberg  -  422 words
      • 351 35 Bloomberg Sydney SCA Property Group, the shopping centre trust spun off by Woolworths Ltd, plans to acquire malls developed by the retailer and rival Wesfarmers Ltd’s supermarket chain Coles Ltd to expand its asset base. SCA Property, which listed on the Australian stock
        Bloomberg  -  351 words





  • Page 36 Advertisements
    • 61 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. CONGRATULATIONS RORY MCILROY FOR AN OUTSTANDING END TO A GREAT YEAR. WINNER IN DUBAI, FINISHING WITH FIVE CONSECUTIVE BIRDIES, EUROPEAN TOUR NUMBER ONE, PGA TOUR NUMBER ONE, WORLD NUMBER ONE. I iUDEMARS PlGUET Le Brass us SINGAPORE AUDEMARS PlGUET BOUTIQUE 541
      61 words

  • Page 1 Advertisements
    • 69 1 LivingBTTHE BUSINESS TIMES WEEKEND DECEMBER 1 2 2012 GUEST CHEF Alain Passard: A messiah of greens L6-7 SPRINGING TO HEALTH The future of eating right L2-4 CEOS' HAWKER CHOICES 2012 Kway chap and pig’s organ soup L10-12 PHOTO BY RAWYAL KITCHEN PERSONAL SPACE Strong point of view L14-15 NO HOLDS
      69 words

  • BT Living
    • DINING
      • 2597 2 / 3  -  BT Weekend looks at the changing appetite for healthy food in Singapore and challenges that lie ahead for health food restaurants. By Debbie Yong By Debbie Yong debyong@sph.com.sg By Debbie Yong debyong@sph.com.sg EATING healthy has never been more critical. According to statistics shared at the inaugural Worlds
        2,597 words
      • 737 4 / 5  -  British Airways takes a scientific approach to high altitude dining. By Cheah By Cheah Ui-Hoon uihoon@sph.com.sg THERE’S food and there’s airplane food; with the latter commonly thought of as plasticky and somehow modified beyond palatable parameters. No wonder then, that airlines have been trying to differentiate themselves
        PHOTOS: NICK MORRISH AND JIM WILEMAN  -  737 words
      • 1232 6 / 7  -  Alain Passard is a messiah of greens who has, to this day, not strayed from his principles. guest chef By Jaime Ee jaime@sph.com.sg TOMATOES are Alain Passard’s friends. Red ones, green ones, yellow ones, heirlooms, even extinct varietals lovingly resurrected by his gardeners and a
        PHOTOS: VIRGINIE KLECKA, DEVINE ©KAREN-TROUW-GROEN  -  1,232 words
    • CHRISTMAS
      • Article, Illustration
        1792 8 / 9  -  More shoppers are taking a shine to Christmas fairs instead of malls to find thoughtful, handcrafted gifts for loved ones By Tay Suan Chiang taysc@sph.com.sg By Debbie Yong debyong@sph.com.sg Pop-up Swedish flair Bosign Pop Up Store Kennel, 8D Dempsey Road, #03-03 Dec 1: 11am to 6pm If you
        1,792 words
    • CEOS' HAWKER CHOICES 2012
      • 2717 10 / 11  -  Eating stewed pig organs might sound like a challenge on an episode of reality TV show Fear Factor but here, it’s a delicacy enjoyed by both young and old. Served either as kway chap or pig’s organ soup, it’s a popular street food that can be found in
        PHOTOS: YEN MENG JIIN; PHOTOS: YEN MENG JIIN; PHOTO: YEN MENG JIIN; PHOTOS: YEN MENG JIIN  -  2,717 words
      • 509 12  -  By Cheah Ui-Hoon uihoon@sph.com.sg Tan Wee Lee Managing director, Crystal Wines GENERALLY, slightly sweet, off-dry white wines would go with most local foods because they don’t overpower them. With kway chap, a medium-bod-ied wine would be the ticket, recommends Tan Wee Lee, managing
        PHOTO: YEN MENG JIIN  -  509 words
    • GADGETS
      • Article, Illustration
        543 13  -  It is possible to pack brawn and beauty into tech toys too. Christopher Lim looks at top picks from Olympus, Philips and Pioneer Christopher Lim limchris@sph.com.sg Pioneer A3 wireless speaker $399 IT’S telling that what used to be called iPod docks are now increasingly being called just wireless
        543 words
    • HOME & GARDEN
      • 1299 14 / 15  -  In addition to details that delight, a penthouse on the 33rd floor scores with the scenery from its balconies. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg IT is a long ride up in the lift to Norman Ho’s home, and apart from
        PHOTOS: YEN MENG JIIN  -  1,299 words
    • GOLF
      • 802 16  -  Gear up for 2013 with the latest golfing equipment that flaunt state-of-the-art design technology and golfwear to beat the heat and up your game. By Justine Moss By Justine Moss btnews@sph.com.sg WITH only a little over three weeks of shopping days until Christmas day, there’s plenty
        802 words
    • SPORTS
      • 675 17  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent WHEN it comes to football, Singapore usually has only one way of getting things done the hard way. After a thumping 3-0 win over neighbours Malaysia in the opening group game of the AFF Suzuki Cup
        PHOTO: GARY GOH/TNP  -  675 words
    • MOTORING
      • 601 18  -  The new Audi S8 is a full-sized saloon with full-sized performance. By Samuel Ee By Samuel Ee samuelee@sph.com.sg IT is difficult to convey the excitement that an Audi S8 4.0 TFSI quattro can generate just by looking at it. From its badge, it is clear that
        601 words
      • 590 19  -  Bentley is unveiling its fastest car ever, the Continental GT Speed, at Changi this weekend. By Samuel Ee By Samuel Ee samuelee@sph.com.sg LUXURY and refinement meet blistering performance in the new Bentley Continental GT Speed, the British manufacturer’s fastest production model ever. While it is difficult
        590 words
      • Article, Illustration
        529 20  -  Several attributes have helped the Mercedes-Benz C-Class to become Singapore’s top model. By Samuel Ee samuelee@sph.com.sg THE last time the brand with the three-pointed star was Singapore’s most popular car, COE premiums were also about this high. Then, it was 1996 and the Mercedes-Benz E-Class was the top
        529 words


  • Page 6 / 7 Advertisements
    • 883 6 / 7 wine&dine with BTWeekend Christmas Indulgence Level 1, 4 5, Marina Mandarin Singapore 6 Raffles Boulevard Z6845 1111 Till Dec 25, 2012 Share good tidings of love and joy at Marina Mandarin Singapore with new festive creations such as the Japanese-themed Hokkaido Red Miso Wild Wasabi Turkey and the red velvet-inspired
      883 words


  • Page 10 / 11 Advertisements
    • 92 10 / 11 INTERNATIONALLY KNOWN LOCALLY LOVED Knight Frank Knight Frank’s Investment Team provides services encompassing land/redevelopment sites for sale, building sales for different asset classes and strata sales for strata retail, offices and shophouses. Our dedicated and experienced team of professionals are well placed to guide you through the investment decision-making process
      92 words


  • Page 13 Advertisements
    • 40 13 HOME N S w n Why risk breaking your back? Leave the painting job to the professionals. To find out more, turn to CLASS 112 in CATS Classified in The Straits Times now. ESAra BUY IT* SELL IT* FIND IT
      40 words



  • Page 17 Advertisements
    • 258 17 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or a
      258 words