The Business Times, 3 December 2012
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2012-12-03
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The Business Times
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Title Section25 2012-12-03 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, December 3, 201225 words
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Article, Illustration797 2012-12-03 1 LEE U-WEN - This is a more sustainable rate which will be considered good as workforce will expand much slower By LEE U-WEN [SINGAPORE] The government is no longer aiming for “ridiculously high” economic growth of years past, but rather a more sustainablePHOTO: SEAH KWANG PENG /THE STRAITS TIMES - 797 words
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Article, Illustration433 2012-12-03 1 FELDA CHAY - By FELDA CHAY [SINGAPORE] For readers who have been waiting for The Business Times to launch its iPad application, the wait ends today. All iPad users can now download the application for free from the Apple App store under the name “The Business Times for iPad”.433 words
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MARKETS DIGEST
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Article57 2012-12-03 1 Weekly Change ST INDEX 3,069.95 +80.67 KL COMP 1,610.83 -3.49 NIKKEI 225 9,446.01 +79.21 HANG SENG 22,030.39 +116.41 SET INDEX 1,324.04 +42.34 JAKARTA COMP 4,276.14 -72.67 MANILA COMP 5,640.45 +88.11 SEOUL COMP 1,932.90 +21.6 SHENZHEN B 608.08 unch MUMBAI IND 19,339.90 +833.33 DOW 13,025.58 +15.90 NASDAQ 3,010.24 +43.39 S&P57 words
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Article29 2012-12-03 1 SINGAPORE ..5.38 MALAYSIA 6 5 s HONGKONG INDONESIA TAIWAN 503b JAPAN 1 475 KOREA 939 BRITAIN 0.50 05 3.25 CANADA 3.00 SWITZERLAND U.52 INDIA 14.50 Source: Bloomberg29 words
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Article49 2012-12-03 1 us$ s$ US$ (S$ per US$) 1.220 (US$/S$ per 1.605 1.958 EURO (US$/S$/E) 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 0.99649 words
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Page 1 Advertisements
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Advertisement129 2012-12-03 1 COMMENTARY Transformation of STC under way PAGE 6 YOUNG INVESTORS’ FORUM Too much money going into junk bonds? page 14 DINING OUT Spanish with a flourish PAGE 21 BizIT Fuji Xerox a step closer to being service-driven outfit PAGE 28 VIEWS FROM THE TOP What does 2013 hold for businesses?129 words
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TOP STORIES
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Article, Illustration858 2012-12-03 2 ANDREA SOH - It will open an office in Beijing next year, with a staff of up to 10 people By ANDREA SOH [SINGAPORE] CME Group, the biggest US futures exchange operator, is opening an office in Beijing next year to position itself for858 words
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Article, Illustration868 2012-12-03 2 ROB CURRAN - Fiscal compromise seen as unlikely before Christmas WALL STREET INSIGHT By ROB CURRAN THE stock market climbed again last week, as traders revelled in President Barack Obama’s promise of a budget bill by Christmas, but the celebration may have been premature. ThePHOTO: AFP - 868 words
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Article18 2012-12-03 2 Branchen Stars R1C-A 26/11/2012 150,66 EUR I db X-MACRO Trading Index Fund I4D 20/11/2012 88,77 GBP18 words
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Article521 2012-12-03 2 Govt aiming for growth of 2-3% a year: PM Lee THE government is no longer aiming for “ridiculously high” economic growth of years past, but rather a more sustainable rate of about 2-3 per cent per year. Such a rate, said Prime Minister Lee Hsien Loong, “will be521 words
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569 2012-12-03 2 LYNN KAN - Choice will depend on who can bring in big ships to new port By LYNN KAN [SINGAPORE] PSA International, APM Terminals, Mitsui Group or any party which can “bring in big ships” to berth at Indonesia’s deepwater container port, New Priok, will be569 words
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Article, Illustration735 2012-12-03 4 LEE U-WEN - PAP’s Victor Lye seen as playing a big part in recapturing the GRC By LEE U-WEN [SINGAPORE] Winning back the Aljunied group representation constituency (GRC) at the next general election is an uphill task but not an impossible one for the People’s Action PartyPHOTO: SEAH KWANG PENG / THE STRAITS TIMES - 735 words
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426 2012-12-03 4 Manufacturing index highest in 7 months, driven by exports Bloomberg [BEIJING] China’s official manufacturing index rose to the highest level in seven months as new orders and export demand climbed, underscoring optimism the economy is recovering after a seven-quarter slowdown. The Purchasing Managers’ Index (PMI)Bloomberg - 426 words
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Page 3 Advertisements
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Advertisement106 2012-12-03 3 I .*s 8 Carrier is V WW**: I iW* a m il I k mm sU ym 6)74 m <: m IM m irf* > i .<39*: 3 mM vm r! B£ lA \K 7^ :i *m r is W9 R si K' X HSS t Sv I t. E106 words
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Page 4 Advertisements
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Advertisement53 2012-12-03 4 GPS SAYS 'CONTINUE STRAIGHTAHEAD'. OUR PEOPLE SAY NEED A HAND?' At FedEx we believe that our people are at the heart of everything we do and everything we are. We understand that a business is only as good as the people behind it. Learn more at fedex.com/sg/people FedEx. Solutions powered53 words
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Advertisement59 2012-12-03 5 GREAT MINDS BANKALIKE Coutts has been providing expert wealth management advice for over 300 years. Which may be why some of history’s finest minds have banked with us. From Charles Dickens and Gordon Selfridge to Frederic Chopin, our client list, past and present, is as exceptional as the service we59 words
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COMPANY NEWS
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Article, Illustration371 2012-12-03 6 KENNETH LIM - By KENNETH LIM NYSE Euronext expects its suite of Asia-Pacific equity index derivatives to continue growing at a double-digit pace in 2013 as interest picks up among Asian investors, NYSE Euronext executive director of equity derivatives Ade Cordell told BT. The exchangePHORO: BLOOMBERG - 371 words
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Article941 2012-12-03 6 WONG WEI KONG - HOCK LOCK SIEW By WONG WEI KONG ONE of Singapore’s oldest companies is on the move, and some would say, it’s just about time. In a double move, the Straits Trading Company (STC) last week addressed some fundamental issues, as well as signalled a shift941 words
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266 2012-12-03 6 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD ($m) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE GROSS YEAR RAISED ISIN CODE MATURITY DATE 01.04.2013 N*****0V 2008 1 5/8 5200.00 1/10 1/4 60 100.43 0.34 SG7P*****168266 words
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Article286 2012-12-03 6 COMPANY MEETING PLACE DATE TIME Global Logistics E Concorde Ballroom Lvl 3 Concorde Hotel Singapore 03-Dec 11.00am HLN Technologies E Regus Samsung Hub 3 Church Street Samsung Hub Level 8 Changi Room 04-Dec 1.00pm MacQuarie Intl Infra S Novotel Singapore Clarke Quay 177A River Valley Road 05-Dec 2.00pm286 words
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Article289 2012-12-03 6 Nov 30 BANKS Acjnculluial Bank Of China 5.50 ANZ Singapore 5.SO Bangkok B.ink Public Co, Ltd ,6.00 Bank ul Chino Limited 5.50 Bank ol Communications 5.50 5.75 Dank of Singapore 5.50 .6.00 Bank nf Tokyo Mitsubishi UFI, lid .6.00 Bangui Internationale a .6.00 Barclays Bank PIC 5.50289 words
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Article, Illustration1817 2012-12-03 9 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE buying fell while the selling among directors remained low based on filings on the Singapore Exchange in the last week of November. A total of 17 companies recorded 27 purchases worth1,817 words
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Page 7 Advertisements
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Advertisement132 2012-12-03 7 r w V r c n v-->. i-fe :,^-‘-;.v.. I mi Bn H M n y*a f*£ S3 S ft Natural gas. Energy for the world, Economic growth for Asia. Energy demand in Asia is expected to be almost 50 percent higher in the year 2040 than it was in132 words
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SINGAPORE MARKETS
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Article, Illustration645 2012-12-03 8 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent ACCORDING to news reports, the post-US presidential election slide in stock markets was due to sudden US fiscal cliff fears the expiration of tax breaks and installation of spending cuts which would hurt growth. Similarly, news reports have645 words
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500 2012-12-03 8 CURRENCIES Bloomberg [NEW YORK] The US dollar last week fell for a third week against the euro, its longest string of losses in two months, as US lawmakers engaged in a budget showdown that may push the world’s biggestBloomberg - 500 words
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574 2012-12-03 8 COMMODITIES AFP [LONDON] Commodity prices diverged last week as traders focused heavily on the outlook for the US and whether the world’s biggest economy would fall back into recession owing to a budget impasse. Elsewhere, investors cautiously welcomed a bailout deal for Greece thatAFP - 574 words
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Article1464 2012-12-03 8 Source: Thomson Reuters Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 2 9.25 15.41 1.62 1.43 Amtek Engineering Ltd 2.83 2.67 6 0.06 6.37 0.63 0.50 ARA Asset1,464 words
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Article72 2012-12-03 8 Nov 30 VALUE CLOSE BT OB/OS 466.00 +28.00 BT CADI -*****.00 +64.00 BT 10-day MA -*****.00 +47.00 FTSE ST Mid Cap 752.26 +3.95 FTSE ST Small Cap 490.01 +1.91 FTSE ST All Share 751.68 +5.41 FTSE ST China Top 201.27 +0.69 FTSE ST China 224.50 +0.77 FTSE72 words
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Article55 2012-12-03 8 VOLUME YHM 3,445,113,000 MDR 832,482,000 Golden Agri 534,515,000 Noble Grp 299,410,000 Olam 289,804,000 SingXpress 273,308,000 MDR W*****5 268,594,000 Transcu Grp 259,194,000 ChinaTitan 243,851,000 Innopac 209,469,000 VALUE($) SingTel 564,580,862 Olam 453,946,969 UOB 389,131,465 Golden Agri 347,662,457 Noble Grp 325,966,260 DBS Grp 296,659,514 CapitaComm 270,952,165 Keppel Corp 235,532,160 OCBC55 words
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Article119 2012-12-03 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 708.7 5.6 IS DJ US Tech 7134 447.7 5.4 DBXT E50 10US$ 3910 296.4 6.6 DBXT MSEurope 10US$ 4608 290.3 5.4 IS S&P500 ***** 189.1 1.1 DBXT MSKorea 10US$ 5855 135.4 1.9 DBXT MSJAP 10US$ 3560 128.1 3.0 JMH 5902 125.6119 words
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Article131 2012-12-03 8 BY CENTS CLOSE DOWN JSH 3402 -158.6 -3.7 DBXT S&P Short 10US$ 3540 -81.7 -1.9 DBXT FTVietnam 10US$ 1914 -67.1 -2.8 DBXT AUD Bonds 5AU$ ***** -64.9 -0.3 GLD 10US$ ***** -63.4 -0.3 Olam BPeCW*****3 10.9 -30.1 -73.4 Asia Pac Brew 5260 -30.0 -0.6 DBS Bk 4.7% NCPS 100131 words
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Page 9 Advertisements
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Advertisement221 2012-12-03 9 -itc J.. ry W 4.M m Class Class as V E Class ss -v‘X S6 ,4. *^•5 ■’■JZ -r. ?> =r ~-1£T*£-:zTl- The C-Class I Downpayment from $5,429 The E-Class I Downpayment from $7,277 The S-Class I Downpayment from $10,329 Our Christmas promotions get even better. Enjoy additional savings on221 words
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SINGAPORE NEWS
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629 2012-12-03 10 Bernard Lui - Dealing with ‘Any Other Business at company meetings ASK Bernard Lui partner QUESTION: The item “Any Other Business” appears in most agenda of meetings. Can matters unrelated to the other agenda items be discussed under “Any Other Business” as “Special Business”? ANSWER: With respect to companies incorporated in Singapore, conduct629 words
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412 2012-12-03 10 ANDREA SOH - Career progression cited as top reason for moving: survey By ANDREA SOH FOUR in five employees in Singapore are considering a move in the next 12 months, with career progression being the biggest reason they would consider doing so.412 words
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Article883 2012-12-03 10 Payment Ex Books Pay Ann (cts) date close date date AIMS AMP Cap Ind REIT cn 2.500 02-Nov 06-Nov 20-Dec 24-Oct Ascendas Hosp Trust aq 1.001 12-Nov 15-Nov 21-Dec 07-Nov Ascendas Hosp Trust ad 0.260 12-Nov 15-Nov 21-Dec 07-Nov Asia Pacific Breweries ak 85.000 22-Jan 24-Jan 06-Feb 16-Nov883 words
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Page 10 Advertisements
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Advertisement2862 2012-12-03 10 SINGXPRESS LAND LTD. (Company Registration No. *****3164K) (Incorporated in Singapore) (“Singxpress”) Mandatory Unconditional Cash Offer By Phillip Securities Pte Ltd (Company Registration No. *****1035Z) (Incorporated in Singapore) (“Phillip Securities”) for and on behalf of Haiyi Holdings Pte. Ltd. (Company Registration No. *****8500M) (Incorporated in Singapore) (the “Offeror”) to acquire all2,862 words
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Advertisement21 2012-12-03 10 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices WAT3 NOTICES CLA/FEB1 1/g21 words
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Advertisement101 2012-12-03 10 Have a pressing question about a corporate-law-related issue that your company is facing? Lawyers from Stamford Law will provide their expert advice and answers to your queries on a weekly basis. All you need to do is send us an e-mail with your query at btnews@sph.com.sg and include particulars such101 words
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Page 11 Advertisements
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Advertisement775 2012-12-03 11 A special feature brought to you by: BMW shows the way to sustainable mobility /#(O(:?C>C46=?CV(:K8!>*486:NE T(C*!>$S&&!,!(>63N>C?!,8<#!T=8=<#N n T=R(:&4(T,=>84?<6!=>C>*:(*4,(* (?!88!=>T(2(T8 *&+41<-<< NAMED the world’s most sustainable automotive company by the Dow Jones Sustainability Indexes for the eighth consecutive year, the BMW Group is also the only car brand to be featured775 words
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VIEWS FROM THE TOP
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Article, Illustration4322 2012-12-03 12 THIS WEEK’S TOPIC What in your assessment are likely to be the key developments in the global economy in 2013 and how will this affect Singapore and the region? What do businesses here need to do to be ready for 2013? Lothar Herrmann President CEO SiemensSTOCK XCHNG - 4,322 words
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Page 13 Advertisements
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Advertisement136 2012-12-03 13 TRADE GLOBAL SHARE CFDs ALL ON ONE PLATFORM SINGAPORE, US, HK, JAPAN, UK, EUROPE, AUSTRALIA Go long or short on a wide range of global markets including Singapore share CFDs at 0.1 commission. Limit your risk with our full suite of risk-management tools, plus uncover what 140,000 IG clients are136 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1247 2012-12-03 14 MATTHEW CRAFT - Fund managers and analysts say the boundless appetite for ‘speculative grade’ bonds is eroding lending standards, reports MATTHEW CRAFT reportsMATTHEW MATTHEW CRAFT AFP THE money manager’s job is supposed to be straightforward: Take people’s cash and put it to work. The more moneyAFP; PHOTO: AFP - 1,247 words
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Article, Illustration1369 2012-12-03 14 TEH SHI NING - Fashion-forward design duo Lionel Low and Hariz Lim’s structured clothes are going places, says TEH SHI NING STARTING YOUNG TEH SHI NING AMID the uninspiring administrative work of their national service days, creative types Lionel Low and Hariz Lim hit upon an idea thatPHOTO: FILE - 1,369 words
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Page 14 Advertisements
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Advertisement31 2012-12-03 14 If you are between 17 and 30 years old and think you’ve got an interesting entrepreneurial or investing story to share, do email btyif@sph.com.sg with “Starting Young” in the subject heading31 words
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Advertisement156 2012-12-03 14 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to156 words
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MALAYSIA/INDONESIA
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Article, Illustration518 2012-12-03 15 Analysts upbeat on pay-TV prospects even as shares trade below IPO price [KUALA LUMPUR] Four foreign research houses have initiated “buy” calls for Astro Malaysia Holdings Bhd stock, as they are positive over the pay-TV’s prospects. Bank of America Merrill Lynch, MacquariePHOTO: REUTERS - 518 words
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351 2012-12-03 15 [KUALA LUMPUR] AAR Corp, a supplier of avionics products, and its joint-venture partner have agreed to sell 10 Boeing 737-400 aircraft to Malaysian Airline System Bhd (MAS). “The aircraft have been on lease to MAS since they were acquired by351 words
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478 2012-12-03 15 Smaller miners struggle in the face of tumbling prices Reuters [JAKARTA] Nearly 90 per cent of coal mines in Indonesia’s Jambi province have closed because of the impact of low prices on smaller and higher cost operations, a coal association said on Thursday.Reuters - 478 words
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436 2012-12-03 15 Consumption seen touching 7.5m tonnes next year Reuters [NUSA DUA, Indonesia] An expansion in the edible oil processing industry in top palm oil producer Indonesia is expected to boost its consumption to about 7.5 million tonnes next year, which may reduce theReuters - 436 words
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Page 15 Advertisements
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Advertisement69 2012-12-03 15 lND<3 N e f/I T Fiy nailV Get your low fares 8irdSld.COm Join the buzz: O fb.com/AirAsiaSingapore twitter.com/AirAsiaSG Our seats are limited and may not be available on all flights during public holidays, school breaks and weekends. All-In-Fares include fares, fuel surcharges and airport taxes. A payment processing free is69 words
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GREATER CHINA/INDIA
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Article, Illustration1016 2012-12-03 16 WINNIE LIU, ADRIAN WAN - New leaders likely to focus on Qianhai infrastructure to speed capital flow By WINNIE LIU, ADRIAN WAN EJ Insight [HONG KONG] China’s economic and financial reforms, including the opening of capital account and formation of exchange and interest rate mechanisms,EJ Insight; PHOTO: BLOOMBERG - 1,016 words
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498 2012-12-03 16 Its demographic advantages are waning, he adds Bloomberg [BEIJING] China must pursue reform to keep its economy “full of vigour” as the demographic advantages that helped boost the nation’s growth wane, said Yao Jingyuan, the former chief economist at the statistics bureau. “The demographicBloomberg - 498 words
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332 2012-12-03 16 AFP [NEW DELHI] Indian drug giant Ranbaxy has ceased production of its generic version of cholesterol-busting drug Lipitor until it probes the issue of “possible” glass particles in some lots, a statement said on Saturday. The problem is the latest to beset the genericsAFP - 332 words
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Article, Illustration408 2012-12-03 16 AFP [NEW DELHI] India’s giant Sahara business group, charged with illegally raising US$4.5 billion from millions of small rural savers, took out huge ads on Saturday declaring it never does anything “against the law”. The two-page newspaper adverts appeared before a SupremeAFP; PHOTO: AFP - 408 words
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Page 16 Advertisements
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Advertisement15 2012-12-03 16 HOME DECOR’S Great Christmas Giveaway WIN$15,000 WORTH OF GIFTS! a ,"3.1#:98#B’#@2?2ED98-BA(.1".+’&#)240 6-9569CB0/>5>5C?96:-B’82D-. HOME DECOR'S "4<%=7&&%;4,+;4<+*$)1,4<4(!47*15 words
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Advertisement25 2012-12-03 16 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* HOTFMSG25 words
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ECONOMY WATCH
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Article, Illustration804 2012-12-03 17 They also discuss setting inflation and jobless targets as guideposts Reuters [CHICAGO] Three top Federal Reserve officials on Saturday offered sharply different takes on the US central bank’s unprecedented efforts to push down longterm borrowing costs, highlighting what may be someReuters; PHOTOS: BLOOMBERG, REUTERS - 804 words
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627 2012-12-03 17 The question is whether there will be more rate cuts AFP [FRANKFURT] The European Central Bank will lower its growth forecasts for the euro area at its last policy meeting of the year, but also argue that cutting rates is not the appropriateAFP - 627 words
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224 2012-12-03 17 AFP [WASHINGTON] Moody’s cut the triple-A rating of the European Stability Mechanism rescue fund on Friday by one notch and gave it a negative outlook, citing its earlier downgrade of key ESM backer France. Moody’s said the French downgrade on Nov 19,AFP - 224 words
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353 2012-12-03 17 But more study needed to understand why Reuters [BOSTON] The perceived risk of a big US bank failure has receded in recent years, but more study is needed to understand whether the improvement is due to government policies or simply an improvedReuters - 353 words
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Page 17 Advertisements
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Advertisement1180 2012-12-03 17 SAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NIKKO AM ASIA INVESTMENT FUNDS NIKKO AM SHENTON ASIA KNOWLEDGE FUND NOTICE OF SUSPENSION OF DEALINGS IN UNITS NOTICE IS HEREBY GIVEN that in connection with the upcoming change of investment objective, policy, focus and approach of the Nikko AM Shenton Asia1,180 words
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WORLD
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Article, Illustration1109 2012-12-03 18 There is no danger of defaulting on the nation’s financial obligations NYT [WASHINGTON] If Washington fails to reach a tax and spending deal by Jan 1, paychecks will shrink as rates rise. But defence contractors will keep working. Parks and monuments will remain open.NYT; PHOTO: AFP - 1,109 words
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Article, Illustration434 2012-12-03 18 NYT [NEW YORK] Robert Thomson, the top editor at The Wall Street Journal and Dow Jones and a confidante of News Corp’s chairman and chief executive, Rupert Murdoch, is expected to be named chief executive of the mediaNYT; PHOTO: AP - 434 words
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373 2012-12-03 18 Osborne prepares to defend stringent economic policies Reuters [LONDON] British Finance Minister George Osborne said yesterday all Britons should be prepared to make sacrifices to help shrink the country’s debts, as he prepared to defend his faltering austerity plan in the comingReuters - 373 words
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547 2012-12-03 18 Rise in foreign equities helps pension fund rebound from loss Reuters [TOKYO] Japan’s Government Pension Investment Fund (GPIF), the world’s largest public pension fund, logged an investment gain of US$6.5 billion for July-Septem-ber compared to a loss in the prior quarter, as aReuters - 547 words
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736 2012-12-03 19 The currency area’s fate hinges on the pace of expansion in US and China NEWS ANALYSIS Reuters [PARIS] The eurozone is in the recovery room now the danger of a Greek default has been averted for a couple of years, but it isReuters - 736 words
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465 2012-12-03 19 Apparent softening in position after previous strong opposition AFP [BERLIN] German Chancellor Angela Merkel yesterday did not rule out a so-called “haircut”, or write-down, of Greek debt in the next few years, marking an apparent softening in position. After being vehemently opposed to acceptingAFP - 465 words
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Article, Illustration501 2012-12-03 19 AFP [OTSUKI, Japan] Japanese rescuers found five charred bodies in a highway tunnel that collapsed yesterday, crushing cars and triggering a blaze, and sparking fears of another cave-in. At least seven people were missing inside the nearly five kilometre-long tunnel. Witnesses spokeAFP; PHOTO: AFP - 501 words
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Article, Illustration368 2012-12-03 19 Reuters [MADRID] Spain’s Prime Minister Mariano Rajoy said meeting the country’s 6.3 per cent deficit target for 2012 would be difficult and he did not rule out seeking a bailout, in an interview published in La Razon newspaper yesterday. “ItReuters - 368 words
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Page 18 Advertisements
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Advertisement55 2012-12-03 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 for55 words
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Page 19 Advertisements
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Advertisement1669 2012-12-03 19 >9* W ATS NOTICES 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) Expression1,669 words
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SHIPPING/AVIATION
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Article, Illustration751 2012-12-03 20 10 of the two ports’ combined 14 container terminals shut down Reuters [LOS ANGELES] A strike by clerical workers at the twin ports of Los Angeles and Long Beach idled most of the busiest US cargo shipping complex for a fifthReuters; PHOTO: AP - 751 words
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749 2012-12-03 20 Deal is to make way for German demands for parity Reuters [PARIS] France and Germany are close to agreeing to a shake-up of EADS, Europe’s largest aerospace group, by hiving off part of the French government’s stake to make way for BerlinReuters - 749 words
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495 2012-12-03 20 NYT [NEW YORK] The Pentagon and Lockheed Martin reached an agreement in principle last Friday on the price of a fifth batch of F-35 fighter jets after a year of tense negotiations over how to lower costs. Military officialsNYT - 495 words
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Article253 2012-12-03 20 SGX '000 Nov 30 S$ +/-Vol CH Offshore 0.46 0.01 70 Chuan Hup Hldg 0.25 0.01 162 Cosco Corp 0.89 -0.03 ***** s$ Ezra Hldgs 1.07 0.01 5881 First Ship Lea 0.12 unch 238 Freight Links 0.07 unch 1474 Grand Banks unch unch 0 Jaya Hold Ltd 0.56253 words
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3452 2012-12-03 25 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 Destination3,452 words
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Page 20 Advertisements
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Advertisement66 2012-12-03 20 GRAB YOUR DECEMBER ISSUE NOW! SPECIAL BUMPER ISSUE! GUIDE ID GEAR Mens^aJth i I 297 NEW WAYS TO GET t IP ilk IM ms min sum moan, mi swam THE THINKING MAN'S DRINKING MANUAL 16 COOL WATCHES EVERY GUY MUST HAVE FOREPLAY; YOUR Ll]!DE-H£RCU!DE THE 20-SECOND mmm YEAR-END BONUS! GUIDE66 words
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Advertisement18 2012-12-03 20 www.omy.sg SI ■r S w Orcha ro GOT A PHOTO OR VIDEO? SHOW US GET REWARDED! Details gosocial.omy.sg18 words
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Page 20 Miscellaneous
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Miscellaneous350 2012-12-03 20 CRYPTIC CROSSWORD Across 1 Delicate feminine line (5) 4 Meeting welcoming European Community withdrawal (9) 9 Recover one’s senses and drop in (4,5) 10 Agreed to make reparation (5) 11 On the way back, hurried one’s drink (7) 12 Locks in canal at Cheshunt (7) 13 Possible horrible environment for350 words
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DINING OUT
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Article, Illustration870 2012-12-03 21 Jaime Ee - By Jaime Ee NEW RESTAURANT Binomio 20 Craig Road Tel: 6557-0547 Lunch and dinner: Mon to Fri; Dinner: Only on Saturday. Closed Sunday IF Spanish is the new Italian, then we can expect similar issues to plague this dining wave currently sweeping through Singapore. That is,870 words
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Page 21 Advertisements
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Advertisement430 2012-12-03 21 i Wine, •SfV, I V r. > i .V m r r*f o' -*J- PE V* r 0 'C mow >-•. 'Q Have a Merry Christmas filled with Love at Park Hotel Group. iz ()i K )l ISI RESTAURANTindulge Festive All-you-can-eat 10-23 December $42 (L) $58 (D) Christmas Eve All-you-can-eat430 words
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SINGAPORE STOCKS
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Article2908 2012-12-03 22 Week ended: Nov 30 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Week Last Quote Div GrYld 149.5 92.5 AIMSAMPIReit 142.5 +2 3171 145 139.5 141.5 142.5 5.8 13.6 638.8 M2,908 words
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Article260 2012-12-03 23 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 4.6 1.3 t Advanced System 1.5 -0.2 ***** 1.7 1.5 1.5 1.6 22.3 Vol Week Last Quote Div Gr Yld Net M Cap260 words
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Article114 2012-12-03 23 Stock name Close Change CapMallsAsia 1.920 +0.010 CapitaLand 3.530 +0.030 CapitaMall 2.070 CityDev 11.720 ComfortDelGro 1.720 +0.045 DBS Grp 14.450 +0.200 F&N 9.420 +0.030 GLP 2.810 +0.060 Genting SP 1.280 +0.030 Golden Agri 0.660 -0.005 Stock name Close Change HK Land 6.540 IHH Healthcare 1.300 +0.045114 words
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Article2217 2012-12-03 23 Transaction date: Nov 30 HONG KONG Vol HK$ +/-'000 Aeon Stores 19.20 0.24 20 Angang Steel 4.88 -0.05 ***** Anhui Conch 25.80 0.80 ***** Anhuiexpresswa 3.95 0.07 1058 Asia Satellite 24.50 unch 31 Asm Pacific 90.80 2.65 837 Bank Of E Asia 29.90 0.35 2361 Beida Jade Bir2,217 words
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Article208 2012-12-03 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 39.5 25.5 AVJennings A27.5 -3 4 27.5 27.5 30 32.5 3.6 12.7 2.2 71.6 41.5 26 Genting HK US$ US32 +0.5 ***** 32.5 31 32 32.5 2107208 words
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Article186 2012-12-03 23 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 13 3 2 0 0 0 13 3 2 Manufacturing 82 71 33 11 17 8 93 88 41 Commerce 34 25 18 3 7 3 37 32 21 Tpt/Stor/Comms 32 7 2186 words
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Article1035 2012-12-03 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 114.4 ABF SG Bond ETF 118 -4 18 120 118 117.9 118 538.6 128.9 120.4 CIMB APAC Div 100S$D 125 127.1 128 105.5 95.8 CIMB1,035 words
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Article123 2012-12-03 23 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 139,859 139,859 433,948 433,948 Manufacturing 1,630,818 676,339 2,307,157 1,043,385 8,384 1,051,769 Commerce 1,049,765 39,801 1,089,566 1,095,427 1,622 1,097,049 Tpt/Stor/Comms 692,786 81,675 774,461 1,148,745 24,604 1,173,349 Finance 301,349 5,929 307,278 1,011,309 2,782 1,014,091 Construction 242,185 3,459,299123 words
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Advertisement23 2012-12-03 23 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use.23 words
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FINANCE & COMMODITIES
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Article678 2012-12-03 24 Nov 30 D»EII HIGH UiW 501 VOL ommi NlKtUI W index futures SPOT ««I0 77 MW SI flrrU i/f. (V fTUlnVi 9=s»nrr Mi/TQn mar jnat Mmt3 wsk motoo *****1 341S00 517 30SV MSC1 TAIWAN OtOEX FUTURES u*oi >?pr; <rt n 7 .Xi u; 0»> 1 t'iv th678 words
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373 2012-12-03 24 In local curr In S$ In US$ dy yr dy yr dy yr Nov 30 Index Change Change Change Change Change Change World Preliminary 920.5 -0.1 10.9 -0.1 4.6 -0.1 11.1 EAFE Preliminary 751.1 0.1 10.1 0.1 3.7 0.1 10.2 Europe Preliminary 1133.0 0.0 10.4373 words
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Article, Illustration94 2012-12-03 24 As on 30 November 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1733.20 1713.20 1712.50 INDIA GOLD (E-GOLD) FUT FEB2013 579.40 574.70 576.90 CURRENCY EUR-USD FUT DEC2012 1.3030 1.2994 1.3001 BASE METAL COPPER FUT MAR2013 8022 7962 8045 INDEX IRON ORE (MBIO) IDX94 words
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Article107 2012-12-03 24 Nov 30 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 13 1438.75 1448.00 1452.00 1429.00 Mar 13 1432.50 1441.00 1444.25 1422.00 May 13 1409.75 1418.50 1418.25 1399.50 Jul 13 1400.50 1408.25 1411.00 1389.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 49.41107 words
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Article70 2012-12-03 24 CRUDE OIL PRODUCTS Nov 29 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.82 1.82 WTI (Near Mth) 87.89 1.27 Dubai (1-Mth F) 107.11 0.56 Tapis blend 114.69 0.72 Minas 107.97 0.72 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103 0.5 Jet Kerosene 124.61 -0.39 US$/barrel OpecOil Basket70 words
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Article22 2012-12-03 24 Nov 30 S$ Bid Offer 1-month 1.2198 1.2207 2-months 1.2198 1.2207 3-months 1.2198 1.2207 6-months 1.2197 1.2208 Source: OCBC22 words
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Article66 2012-12-03 24 Nov 30 Nov 30 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2094.00 2065.25 3 months 2094.00 2064.00 Copper, Grade A(US$/tonne) Cash 7978.75 7885.25 3 months 7995.00 7899.50 Lead(US$/tonne) Cash 2257.50 2222.50 3 months 2252.00 2222.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 366 words
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Article78 2012-12-03 24 Nov 30 COCOA (£/tonne) Close Prev High/Low Dec 12 1593 1593 1599/1568 Mar 13 1586 1585 1593/1558 May 13 1592 1591 1594/1565 Jul 13 1599 1597 1599/1570 COFFEE(US$/tonne) Close Prev High/Low Nov 12 1933 1933 Jan 13 1914 1938 1932/1892 Mar 13 1920 1942 1936/1900 May 13 1933 195478 words
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1164 2012-12-03 24 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 1 146 598 5.38 18 Conv Ratio Best World Intl Ltd W*****5 0.5 1 30 91 32.00 8 BiosensoBPeCW*****2 16.6 -8.9 940 1 120 8 BiosensoMBeCW*****3 3.81,164 words
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Article470 2012-12-03 24 Nov 30 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.035 6.494 0.802 8.084 56.851 100.237 0.861 11.294 3.171 1.268 100.686 42.588 1.273 9.149 0.965 30.305 32.001 0.650 1.043 Canada 0.966 6.273470 words
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Article65 2012-12-03 24 Nov 30 (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$) 0.***** 3 mths 0.***** bmih* ft 4i4M mil'1 Z 0JVT4 5»W ISSI T NT 3Ui Il52£*fl A65 words
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Article134 2012-12-03 24 Nov 30 GOLD(US$/oz) Nov 30 Nov 29 Hong Kong 1738.20 1728.50 Nov 30 Nov 29 London 1717.55 1726.40 1718.37 1727.20 Source: Thomson Reuters CAST BAR Nov 30 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 152 68 5gm 432 339 10gm 772 677134 words
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Article89 2012-12-03 24 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-17 108.4589 words
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Article57 2012-12-03 24 Nov 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 12 2156.0 2170.0 2156.0 2128.0 299 3429 Jan 13 2302.0 2320.0 2325.0 2293.0 2439 ***** Feb 13 2371.0 2386.0 2391.0 2359.0 ***** ***** Mar 13 2423.0 2436.057 words
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Article154 2012-12-03 24 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 1.6050154 words
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Article154 2012-12-03 24 Nov 30 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.10 US$ Offer Bid 7 days 0.22 0.12 1 month 0.30 0.20 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.65 0.45 9 months 0.80 0.60 12154 words
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Article121 2012-12-03 24 As at 9am 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 foreign121 words
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Advertisement28 2012-12-03 25 Corrs: Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times Shipping Times28 words
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Advertisement133 2012-12-03 26 TO ADVERTISE IN .The Business Times IIIL UUJIHLJJ IIIVIUJ Shipping times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 Announce Vbur Corporate Developments W Sm Come publicise your Corporate Developments,133 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration920 2012-12-03 28 reportsAMIT ROY CHOUDHURY - It has acquired Australian business process outsourcing business of Salmat for A$375m, reportsAMIT ROY CHOUDHURY reportsAMIT reportsAMIT ROY CHOUDHURY DOCUMENT management services company Fuji Xerox (FX) has taken a major step in realising its ambition of making the transition from being920 words
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215 2012-12-03 28 Android system is leading smartphone platform AFP [WASHINGTON] Samsung extended its lead as the top mobile phone maker in the US market and Apple moved into second place, an industry tracker said last Friday. A survey by comScore showed that in the three-monthAFP - 215 words
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102 2012-12-03 28 Bloomberg [SEATTLE] US retail sales of personal computers running Microsoft Corp’s Windows software have declined 21 per cent since the company released the latest version of its flagship operating system, according to a report by NPD Group Inc. The decrease has beenBloomberg - 102 words
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BizIT
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911 2012-12-03 27 VICTORIA HO - ‘Dim Sum Warriors’ duo crowdsources funds for its latest project By VICTORIA HO SINGAPORE cartoonist and author Colin Goh and his wife Woo Yen Yen are the latest in a new trend of small business owners who are turning to the Internet to get their projects911 words
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Article, Illustration1219 2012-12-03 27 AMIT ROY CHOUDHURY - Taiwanese phone maker certainly seems to be heading in the right direction <cool stuff> AMIT ROY CHOUDHURY Technology Editor A MID-LIFE upgrade to a popular phone within a year of its release is not always a good idea. An upgrade a few1,219 words
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714 2012-12-03 27 IN the coming year, cloud computing and mobility will reduce the number of tasks that need to be carried out by IT departments, according to Frost Sullivan, a business research consultancy. Frost’s Andrew Milroy notes that automation and self service714 words
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Article, Illustration591 2012-12-03 27 AFP [WASHINGTON] Just in time for the holidays, Microsoft and Google have become embroiled in a bitter dispute over who is the fairest of them all for online shopping, stepping up the battle between the tech giants. Microsoft threw the first punch whenAFP; PHOTO: AFP - 591 words
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Advertisement83 2012-12-03 28 Sarasin From Every Angle we Construct a Sustainable Vision for Your Wealth As a leading Swiss private bank and pioneer in the field of sustainable investment, Bank Sarasin is known for its innovative approach. It’s part of our heritage to consider private banking from every angle to construct a wealth83 words
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