The Business Times, 5 December 2012

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Microfilm: NL32338
Total Pages: 36
1 36 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 Wednesday, December 5, 2012
    25 words
  • Article
    Lock icon Tharman warns of unpredictable and huge capital flows
    682 1  -  By ONG CHOR HAO By in Johor Baru ASIA faces challenges in managing capital flows in the aftermath of the global financial crisis, and policymakers would be wise to strengthen their toolkits to deal with unpredictable and often excessive flows, Deputy Prime
    682 words
  • Article, Illustration
    Lock icon Olam rights issue spawns speculation
    1154 1  -  Market unable to reconcile it with firm’s earlier insistence that it had no need for liquidity By JOYCE HOOI ANDREA SOH [SINGAPORE] Olam might have offered a Te-masek-backed, US$1.25 billion (S$1.52 billion) rights issue on Monday to placate investors, but the waters did not look
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,062.12 (-3.62) HST INDEX FUTURES 3,054.00 (-4.00) GSIMSCI 348.30 (+0.16) HSIMSCI FUTURES 347.00 (-0.70) us$ s$ US$ (S$ per US$) 1.219 (US$/S$ per 1.610 1.962 EURO (US$/S$/€) 1.307 1.593 Foreign currency per US$ S$ YEN 81.90 67.20 RM 3.044 2.497 HK$ 7.750 6.359 BAHT 30.67 25.17 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,607.61 +0.26 NIKKEI 225 9,432.46 -25.72 HANG SENG 21,799.97 +32.12 SET INDEX 1,330.06 -2.86 JAKARTA COMP 4,269.65 -32.79 MANILA COMP 5,706.28 +33.58 SEOUL COMP 1,935.18 -4.84 SHENZHEN B 603.01 +3.63 MUMBAI IND 19,348.12 +42.80 11am EST Change DOW 12,983.40 +17.80 NASDAQ 2,988.88 -13.32
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    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.410 TAIWAN 5 036 JAPAN 1.475 Source: Source: Bloomberg
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  • TOP STORIES
    • Article
      Lock icon Technical recession looms as manufacturing shrinks
      453 2  -  But new orders, production output contract at slower pace in November By TEH SHI NING [SINGAPORE] Singapore’s manufacturing sector contracted in November from the previous month, supporting the view that the economy may slip into a mild technical recession in the fourth quarter. This
      453 words
    • Article
      Lock icon SEC charges five firms over audits in China
      706 2 Agency claims they failed to produce certain work papers NYT [WASHINGTON] The Securities and Exchange Commission (SEC) charged the Chinese affiliates of five big accounting firms on Monday with violating securities laws, claiming they failed to produce documents from their audits of
      NYT  -  706 words
    • Article
      Lock icon S’pore ranks highest in quality of living in Asia
      583 2  -  It is also global No 1 for city infrastructure, Mercer index shows By LEE MEIXIAN [SINGAPORE] Singapore is once again the high-est-ranking Asian city for quality of living, like last year, going by the findings of a Mercer survey released yesterday.
      583 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      508 2 Olam rights issue draws speculation OLAM might have offered a Temasek-backed, US$1.25 billion rights issue to placate investors, but the waters did not look particularly calm yesterday as greed and fear battled in the market, fanned by new Muddy Waters theories. FRONT PAGE Tharman warns of huge, unpredictable
      508 words
    • Article
      Lock icon S’pore in the running to be LNG tradinghub: IEA
      517 4  -  It cites strong govt backing, plans to expand terminal By RONNIE LIM [SINGAPORE] Singapore, already a reputed global oil-trading centre, stands a good chance of becoming a regional LNG trading hub in the coming years as well, the chief economist of
      517 words
    • Article, Illustration
      Lock icon URA launches F&B site in Punggol for public tender
      558 4  -  The site at Punggol Point will add to the vision of the area as a key recreation hub By ZEINAB YUSUF SAIWALLA [SINGAPORE] A uniquely zoned commercial site, specifically for food and beverage (F&B) use, was launched at Punggol Point for
      558 words
    • Article, Illustration
      Lock icon Olam’s ‘Get Shorty’ gambit is short-term fix
      419 4  -  REUTERS BREAKINGVIEWS By ANDY MUKHERJEE [SINGAPORE] Olam’s US$1.2 billion bond-and-share issue serves double duty as a confidence-build-ing measure and a short squeeze. What is not so clear is how arm-twisting shareholders into supporting the commodity trader dispels the longer-term concerns raised by short-seller
      419 words
    • Article, Illustration
      Lock icon FASTrack, UEM Land in JV deal for Motorsports City
      735 4  -  Peter Lim tells why he chose JB for the project, not S’pore By ONG CHOR HAO in Johor Baru HIGHER business costs and tight labour conditions in Singapore were among the reasons Singapore’s “remisier king” Peter Lim is developing a motorsports
      735 words
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      78 2 THE TASTE OF ROYALTY IMPERIAL SOUPS FROM JIN SHAN a-***' < Is NOURISHING BIRD’S NEST CORDYCEPS SOUP f INVIGORATING SEAHORSE TONIC SOUP Hill hi •Vs. REVITALIZING MUTTON HERBAL SOUP r t YIN YANG GINSENG CHICKEN SOUP TREASURED ABALONE CORDYCEPS SOUP LONGEVITY BLACK CHICKEN SOUP lli Jin Shan IJLJNI DrlAIM Marina
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      182 3 ¥M A i feV. w w mm S M S V Six V SSSgS •v r‘i- hs M m > o la^se- A I >i<S > Z 5 RLD CLASS S T VE IK I r z h 1 l:| ;ii HAKA BA 'VC/r, o* > y^ ■AS <■-» 16
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      125 5 w\ f s u/=? /A 9 I 11 ■a 0 f m SO to mm y s mm s <t. 40 "Of 30 -?i m URXA/ERK PRESENTS THE UR-210 AND ITS REVOLVING SATELLITE COMPLICATION WITH FLYBACK MINUTE HAND URWERK GENEVE URWERK has its origins in the town of Ur in
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  • COMPANY NEWS
    • Article
      Lock icon Keppel Fels bags Ukrainian orders worth US$1.2b
      623 6  -  It also delivers jack-up rig early to new Mexico customer By LYNN KAN AS K e pp e l F e l s t h e rig-building arm of Keppel Corporation, yesterday firmed up its first Ukrainian newbuild orders worth about US$1.2 billion,
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    • Article
      Lock icon Braking system on one leg of jack-up rig failed
      532 6  -  By NISHA RAMCHANDANI With additional reporting by Kim Min Seok Kim Min Seok A FAILED braking system on one of the extensible legs of a jack-up rig caused the rig to tilt, resulting in Monday’s accident at Jurong Shipyard that injured
      532 words
    • Article
      Lock icon SIAS backs MIIF board’s plan to add one more independent director
      439 6  -  By LEE MEIXIAN MACQUARIE International Infrastructure Fund (MIIF) intends to appoint just one more independent director to the board and has the backing of Securities Investors Association of Singapore (SIAS) on this. This latest development yesterday came ahead of
      439 words
    • Article
      Lock icon SGX Nov turnover up but velocity still sluggish
      450 10  -  Daily average value hits $1.3b while overall turnover velocity is 48% By KENNETH LIM AVERAGE daily turnover on the Singapore Exchange (SGX) rebounded slightly in November, though a closely watched measure of liquidity continued to lag, data released by the market operator
      450 words
    • Article
      Lock icon MCT eases 3¢ despite acquisition announcement
      449 10  -  By MINDY TAN DESPITE analysts maintaining their upbeat calls following the trust’s announcement of plans to buy a premium office building, units in Mapletree Commercial Trust (MCT) eased in trading yesterday amid a mixed market that was buffeted by overnight softness of US stocks.
      449 words
    • Article
      Lock icon Keppel Logistics in Indonesian joint venture
      210 10 KEPPEL Telecommunications Transportation Ltd (Keppel T&T) is venturing into Indonesia’s logistics services industry through a partnership with a Jakarta-based firm. Keppel T&T’s unit, Keppel Logistics Pte Ltd, yesterday signed an agreement with PT Puninar Jaya (Puninar Logistics) to set up a 49:51 joint venture
      210 words
    • Article
      Lock icon Kori Holdings seeks to raise $4.4m from IPO
      443 10  -  Part of proceeds to buy Iskandar land for storage yard By TEO SI JIA KORI Holdings, a Singa-pore-based engineering and construction services company, launched its initial public offering yesterday for a listing on the Catalist board of Singapore Exchange. Its offering of
      443 words
    • Article
      Lock icon TA unit bags $117m deal to design, build condo
      286 10  -  By CARINE LEE TA Corporation Ltd’s wholly owned subsidiary, Tiong Aik Construction Pte Ltd, has secured a $116.7 million construction contract to design and build a residential site at Dairy Farm Road. The contract was awarded by Bukit Timah Green Development
      286 words
    • Article
      Lock icon After good year, Asean markets face risks in ‘13
      640 11  -  Two analyst reports paint challenging scenarios for equity valuations in region By CAI HAOXIANG SOUTH-EAST Asian economies have done well this year but equity valuations might come down in the next, said two analyst reports on the region in the last
      640 words
    • Article
      Lock icon The great hedge fund manager-investor divide
      342 11  -  Survey shows they’re split on some issues, drifting further apart on others By CARINE LEE HEDGE fund managers and investors aren’t seeing eye to eye on a number of issues, if the results of a hedge fund market survey released yesterday by Ernst Young
      342 words
    • Article
      Lock icon MAS fines two Wilmar execs for insider trading
      439 11  -  By MALMINDERJIT SINGH THE Monetary Authority of Singapore (MAS) has taken civil penalty enforcement action against two employees of Wilmar International for insider trading. The action against Goh Ing Sing and Keu Haw Gee under Section 219(2)(a) of the Securities and Futures
      439 words
    • COMPANY BRIEFS
      • Article
        Lock icon HG, Cambridge in saleand-leaseback deal
        92 11 HG, Cambridge in sale-and-leaseback deal HG Metal Manufacturing Limited has entered into a conditional agreement to sell to Cambridge Industrial Trust a property at 15 Jurong Port Road. The purchase price of the property together with the mechanical and electrical equipment is $43 million, based on the gross floor area
        92 words
      • Article
        Lock icon Thai Beverage unit takes up loan facility
        76 11 THAI Beverage Public Co’s unit, International Beverage Holdings Ltd, has entered into a $3.3 billion five-year long term loan facility with a syndicated group of banks in Singapore. Proceeds from the facility will go towards prepaying most of the unit’s existing short term
        76 words
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      333 6 KORI HOLDINGS LIMITED (Company Registration No.: *****2407R) rporated in the Republic of Singapore on 18 May 201 INITIAL PUBLIC OFFERING Kori Holdings Limited (the “Company”, and together with its subsidiaries, the “Group”) is principally engaged in providing civil/structural engineering and infrastructural construction services as a sub-contractor for commercial, industrial and
      333 words
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      Lock icon Page 6 Advertisements Column 2
      196 6 O X-O NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School MSC FINANCIAL ENGINEERING PROGRAMME i i RACING AHEAD Nanyang Technological University (NTU) is the fastest-rising university in the world’s top 50, ranked 47th globally in the OS World University Rankings. NTU’s Nanyang Business School offers the MSc Financial Engineering programme, which will
      196 words
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      50 7 V t r ps DN0.2 v •w -W *tt IIJ i >• W V J >*• t*& ii "Hi S a8? .-t"'* ,r i M 9 -m W > CORPORATE INVESTMENT RANKING WEALTH MANAGEMENT ASSET MANAGEMENT SECURITIES SERVICES INSURANCE N A Ttw I BNP PARIBAS I The bank for a
      50 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Main focus on penny stocks, Olam
      610 8  -  Session sees rotational playing of low-priced issues such as YHM and second-liners like Yoma STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index yesterday slipped 3.62 points to 3,062.12 in a session dominated by rotational playing of low-priced issues and volatile trading of Olam
      Source: Bloomberg  -  610 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      72 8 Dec 4 VALUE CLOSE BT OB/OS 320.00 -27.00 BT CADI -*****.00 -14.00 BT 10-day MA -*****.00 +32.00 FTSE ST Mid Cap 747.84 -2.09 FTSE ST Small Cap 490.74 +0.58 FTSE ST All Share 749.47 -1.01 FTSE ST China Top 199.61 -0.78 FTSE ST China 222.01 -1.74 FTSE
      72 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 5 3 0 0 0 9 5 3 Manufacturing 45 44 42 4 6 11 49 50 53 Commerce 18 19 19 3 3 3 21 22 22 Tpt/Stor/Comms 10 17 9
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      941 8  -  Compiled by KENNETH LIM Viz Branz Dec 4 close: $0.70 OCBC Investment Research, Dec 4 VIZ Branz (VB) said on Friday that former CEO and current top shareholder Chng Khoon Peng has unreservedly dropped all his earlier allegations of impropriety over a series of payments involving the company
      Source: Bloomberg  -  941 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,668 18,668 78,434 78,434 Manufacturing 247,961 173,960 421,921 204,937 2,827 207,764 Commerce 216,250 3,029 219,279 248,898 126 249,024 Tpt/Stor/Comms 70,770 23,963 94,733 133,078 7,209 140,288 Finance 19,177 351 19,528 93,097 141 93,237 Construction 39,744 692,264
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 1.960 +0.020 CapitaLand 3.530 +0.020 CapitaMall 2.050 CityDev 11.660 -0.060 ComfortDelGro 1.690 +0.015 DBS Grp 14.460 +0.080 F&N 9.410 +0.010 GLP 2.750 -0.020 Genting SP 1.230 -0.010 Golden Agri 0.655 -0.010 HK Land 6.420 -0.080 IHH Healthcare 1.300 +0.015 JMH 60.040
      112 words
    • Article, Illustration
      Lock icon Euro up against $ on Greek bond buyback
      494 8 Euro up against on Greek bond buyback CURRENCIES Reuters [LONDON] The euro extended gains yesterday on expectations that a buyback of Greek bonds would go smoothly and as borrowing costs for indebted eurozone countries fell. The euro could see more gains if Spanish and Italian bond yields, which also fell
      Reuters; PHOTO: AP  -  494 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME YHM 689,731,000 Geo Energy 134,852,000 Olam 89,402,000 Golden Agri 78,744,000 ChinaTitan 66,767,000 Yoma 58,019,000 Artivision 50,311,000 CCFH 49,176,000 MDR 37,875,000 Noble Grp 36,424,000 VALUE($) Olam 147,667,565 SingTel 77,739,840 SembMar 66,318,670 Geo Energy 57,580,020 Golden Agri 51,294,880 SembCorp Ind 41,932,570 Yoma 41,636,650 Noble Grp 38,705,475 DBS Grp
      55 words
    • Article
      Lock icon RISES
      115 8 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 104.5 0.4 DairyFarm 1102 45.1 3.5 UOB 5.05%NCPS 100 ***** 27.0 0.3 DBXT FTVietnam 10US$ 1950 26.8 1.1 DBXT S&P Short 10US$ 3554 21.9 0.5 DBXT MSTHAI 10US$ 1965 20.7 0.9 IS MS India 100US$ 631 19.5 2.6 JSH 3511
      115 words
    • Article
      Lock icon FALLS
      123 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -136.5 -0.7 JMH 6004 -113.3 -1.5 DBXT Nifty 10US$ ***** -85.3 -0.6 Jardine C&C 4715 -77.0 -1.6 DBXT MSCHINA 10US$ 1163 -23.2 -1.6 Semb Corp.ES.1212 495 -22.0 -4.3 IS LC BND 100US$ 1054 -15.8 -1.2 SembMar.ES.1212 439 -13.0 -2.9 Creative Tech 305
      123 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      132 9 y www.vw.com.sg -j You can’t buy style! m u GR Well just this once you can. Volkswagen CC. Introducing the stylish 4-door coupe. The Volkswagen CC is sleek, streamlined and designed for dynamic performance. You can even open it in style with convenient features such as its Keyless Entry and
      132 words
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      224 10 i 0 0 CafeN gnrs For the very first time, the culinary stars of Fairmont Singapore and SwissotelThe Stamford gather to create a collection of take-home holiday gourmet treats available exclusively at Cafe Noel Start off with Equinox Restaurant’s Holiday Spiced Lobster Bisque or Mikuni’s Sushi and Sashimi Platter; before
      224 words
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  • SINGAPORE NEWS
    • Article
      Lock icon White site at Novena draws record high bid
      572 12  -  Bid of $1,632 psf ppr put up jointly by Hoi Hup Realty, Sunway and Hoi Hup JV By MINDY TAN SMASHING all previous records, a white site at the junction of Thomson Road and Irrawaddy Road yesterday drew a top bid of
      572 words
    • Article, Illustration
      Lock icon Pearl Bank architect gets top award
      531 12  -  By ONG CHOR HAO THE man behind Singapore’s first super high-rise condominium and first condo housing estate has been recognised for his contributions to architecture. Tan Cheng Siong, 75, principal at Archurban Architects Planners, was among four recipients of Designer of the Year for
      531 words
    • Article
      Lock icon IES, Red Dot tie up to help tech start-ups
      254 12  -  By TEO HOONG CHEN THE Institution of Engineers Singapore (IES) signed a memorandum of understanding with Red Dot Ventures (RDV) yesterday to launch a suite of services in support of technopreneurship. The Technopreneurship Ecosystem (TES), as it has been called, aims
      254 words
    • Article, Illustration
      Lock icon They’re going all out to electrify
      1084 12  -  Everything about ChildAid 2012 this weekend has been scaled up, reports CHRISTOPHER LIM reportsCHRISTOPHER CHRISTOPHER LIM CHILDAID always packs a punch in terms of young talent, but the annual charity concert is set to up the ante in its eighth year in terms of
      PHOTO: DESMOND WEE/THE STRAITS TIMES; PHOTO: LIM YAOHUI/THE STRAITS TIMES  -  1,084 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Felda eyes RM100b sales, growing eightfold by 2020
      747 13 ‘Strategic Blueprint’ reveals it’s looking to position itself as a global leader in palm [KUALA LUMPUR] Felda Global Ventures Holdings’ transformation strategy, that carries a “double eight” in its tagline, has caught the attention of many. Under its Strategic Blueprint (2012-2020), the
      747 words
    • Article
      Lock icon MAS could start paying dividend in 2014: Maybank-IB
      533 13  -  But take-up of RM3.1b rights issue expected to be tepid By PAULINE NG in Kuala Lumpur THERE is a “strong possibility” of cash-strapped Malaysia Airlines (MAS) commencing dividend payments as early as 2014 as its profits and balance sheet are expected to
      533 words
    • Article
      Lock icon Battle over Indonesia’s resources to hit investment
      386 13 Over-regulation of the sector creating plenty of uncertainty Reuters [JAKARTA] A battle over the control of Indonesia’s resources is intensifying ahead of 2014 elections, creating legal uncertainty that threatens to drive off investment and hurt long-term output in one of the world’s top
      Reuters  -  386 words
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      112 13 The calm serenity of Pan Pacific Xiamen belies its central location in the heart of the city’s financial and entertainment district. Elegant, Pacific-inspired guestrooms, with views across the lakes and sea, create a welcome retreat for the business and leisure traveller. Savour a diverse range of culinary experiences or indulge
      112 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Chinese banks facing more and stricter rules
      602 14  -  Consumer bureau and clampdown on unreasonable fees are recent moves By JEFF PAO EJ Insight [HONG KONG] Growth in Chinese banks’ non-inter-est income will continue to face resistance from increased regulatory efforts to protect customer rights, according to some economists and analysts. These
      EJ Insight  -  602 words
    • Article, Illustration
      Lock icon China wants responsible gaming in Macau
      543 14 Reuters, Bloomberg [HONG KONG] Chinese authorities are pressing Macau to step up scrutiny of money transfers as part of a broader move to combat corruption and promote “responsible gaming” in the casino halls of the world’s largest gambling hub. SJM Holdings fell the most
      Reuters,; Bloomberg; PHOTO: BLOOMBERG  -  543 words
    • Article
      Lock icon Economic growth calms India’s sectarian tensions
      409 14 Ethnic conflagration that was feared 20 years ago has not materialised AFP [NEW DELHI] India risked being torn apart by sectarian conflict 20 years ago when Hindu zealots demolished a mosque, triggering deadly riots, but analysts say economic growth has proved a quiet balm
      AFP  -  409 words
    • Article
      Lock icon Trading in Guoco shares halted in HK
      159 14 Bloomberg [HONG KONG] Guoco Group, controlled by Malaysian billionaire Quek Leng Chan, was halted from Hong Kong share trading yesterday pending an announcement on a possible privatisation plan, according to a filing to the city’s stock exchange. Mr Quek, 69, is executive chairman
      Bloomberg  -  159 words
    • Article
      Lock icon PICTET
      273 14 Pictet-Absl Rtn Glo Cons-P EUR 30.11.2012 EUR 105,35 Pictet-Absl Rtn Glo Div-P EUR 30.11.2012 EUR 119,68 Pictet-Asian Equities Ex Japan-P USD 30.11.2012 USD 171,30 Pictet-Asian Local Currency Debt-P USD 30.11.2012 USD 154,50 Pictet-Biotech-P USD 30.11.2012 USD 366,50 Pictet-Clean Energy-P USD 30.11.2012 USD 61,74 Pictet-Digital Communication-P USD 30.11.2012 USD 144,98
      273 words
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      38 14 -J T Jl 'I s J v-y J U FIND THE ONES J THAT FIT! v. s\ Recruit the right people _J through CATS Recruit. Call 1800 289 8822 or email recruitd>sph.com.sg to advertise. L n J I
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      Lock icon Page 14 Advertisements Column 2
      296 14 Magic of Dynamic TA Chart Most technical charts comes with technical indicators such as MACD and Stochastics, which will help traders determine if it is a good time to buy or sell their shares. Basic drawing tools are also readily available in the technical charts for stock analysis. In addition
      296 words
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      25 14 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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      24 14 www.omy.sg i h. w po^ a^ VfcSt,ent0 Orcha ro I^^WaV' i-' '<a «C GOT A PHOTO OR VIDEO? SHOW US GET REWARDED! Details gosocial.omy.sg
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      87 15 Broadening reach New joint venture brings Keppel Logistics’ winning formula for efficient and reliable logistics services into Indonesia Synergising Keppel Logistics’ modern logistics management expertise and IT infrastructure with Puninar Logistics’ wide domestic distribution network and storage capabilities, Keppel Puninar Logistics will provide customised and cost-effective integrated logistics services to
      87 words
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  • ECONOMY WATCH
    • Article
      Lock icon IMF lowers bar for nations to adopt capital controls
      607 16 But such measures should be targeted, transparent and temporary Reuters [WASHINGTON] The International Monetary Fund on Monday unveiled principles for how countries should manage international capital flows, agreeing that some measures to limit an influx of capital can be useful but
      Reuters  -  607 words
    • Article, Illustration
      Lock icon Tough new anti-dumping measures in Australia
      327 16 AFP [SYDNEY] Australia yesterday announced tough new anti-dumping measures to counter an influx of cheap products that are hurting its struggling manufacturing industry and costing jobs. Prime Minister Julia Gillard said the moves would “deliver stronger protection for Australian industry against unfair competition from
      AFP; PHOTO: AP  -  327 words
    • Article
      Lock icon UK luxury home tax may backfire as buyers stay away
      328 16 Reuters [LONDON] The British government could lose £203 million (S$398.5 million) in revenue from home sales as a plan to raise £150 million in taxes from wealthy house buyers backfires, data shows. Data from the Land Registry showed that UK
      Reuters  -  328 words
    • Article
      Lock icon Fed officials applaud stimulus, divided over future course
      365 16 Reuters [NEW YORK] US central bankers appear satisfied with the impact of their latest monetary stimulus, though there is some disagreement over how forcefully to continue purchasing bonds, remarks by two top policymakers on Monday showed. Boston Federal Reserve Bank president Eric
      Reuters  -  365 words
    • Article
      Lock icon RBA’s quarter-point cut takes rate to record-matching low
      410 16 Interbank futures suggest further cuts to 2.5% next year Reuters [SYDNEY] Australia’s central bank yesterday cut interest rates a quarter point to a record-matching low, stepping up efforts to safeguard the rich world’s most resilient economy from the risk of recession as
      Reuters  -  410 words
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      1295 16 ESATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MORGAN TECHNOLOGIES PTE. LTD. (In Members’ Voluntary Liquidation) Company Registration No. *****9031G NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of MORGAN TECHNOLOGIES PTE. LTD. duly convened and
      1,295 words
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      142 16 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up No 169 of 2009/Y In the Matter of the Companies Act, Cap 50 and In the Matter of Pacific King Shipping Holding Pte Ltd (In Compulsory Liquidation) (Co. Reg. No. *****0488N) NOTICE OF MEETING OF CREDITORS Take notice
      142 words
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      157 16 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of Traders Express Trading Pte. Ltd. (In Creditors’ Voluntary Liquidation) Company Registration No. *****8065E NOTICE OF RESOLUTION At the Extraordinary General Meeting of the abovenamed Company duly convened and held at 15 Jalan Tepong Jurong Food Hub
      157 words
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  • WORLD
    • Article
      Lock icon Makers of generic drugs reaching patent-cliff bottom
      966 18 They are redefining themselves through specialisation or making acquisitions NYT [NEW YORK] They call it the patent cliff. Brand-name drugmakers have feared it for years. And now the makers of generic drugs fear it, too. This year, more than 40 brand-name drugs valued
      NYT  -  966 words
    • Article, Illustration
      Lock icon Sharp to sell stake to Qualcomm, raising as much as 9.9b yen
      613 18 Bloomberg [TOKYO] Sharp Corp, the Japanese TV maker that warned last month about its ability to survive, plans to raise as much as 9.9 billion yen (S$147 million) selling shares to Qualcomm Inc for a partnership to develop
      Bloomberg; PHOTO: REUTERS  -  613 words
    • Article, Illustration
      Lock icon The increasingly bizarre tale of John McAfee
      659 18 AFP [WASHINGTON] Prostitutes, guntoting bodyguards, experimental drugs, police raids, poisoned dogs, murder, elaborate disguises, cloak-and-dagger interviews: welcome to the incredible world of John McAfee. In a plotline worthy of a Hollywood thriller, the American anti-vi-rus software pioneer went on the run from his
      AFP; PHOTO: AFP  -  659 words
    • Article
      Lock icon 2 Russian billionaires end long feud over mine
      681 18 Reuters [MOSCOW] Two Russian billionaires ended a four-year battle over the world’s biggest nickel and palladium mine yesterday by giving the biggest voting stake in their US$30 billion company to Kremlin-favoured tycoon Roman Abramovich. Norilsk Nickel, which mines the vast mineral deposits
      Reuters  -  681 words
    • Article, Illustration
      Lock icon High-speed trading hurts investors: study
      885 19 High-frequency traders’ profits come at the expense of ordinary investors [NEW YORK] A top government economist has concluded that high-speed trading firms that have come to dominate the nation’s financial markets are taking significant profits from traditional investors. The chief economist at the Commodity Futures
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    • Article
      Lock icon Ex-Goldman trader ‘did nothing wrong’
      506 19 Lawyer says there’s no basis to suggest market manipulation Reuters [NEW YORK] A lawyer for Morgan Stanley managing director Edward Glenn Hadden said his client, who is being investigated over a trade involving US Treasury futures while working at Goldman Sachs Group Inc, did nothing
      Reuters  -  506 words
    • Article, Illustration
      Lock icon UK rebound needs more state support: trade body
      434 19 Bloomberg [LONDON] Britain’s recovery will be slower than previously forecast and the economy needs more support from the government through a programme of business investment, according to the British Chambers of Commerce (BCC). The BCC cut its 2013 growth forecast to one
      Bloomberg; PHOTO: REUTERS  -  434 words
    • Article, Illustration
      Lock icon Chevron’s Aussie project faces cost inflation
      856 19 Reuters [SAN FRANCISCO] Chevron Corp’s most costly individual project is about to get even more expensive. The US energy company is expected to reveal this week a highly anticipated mark-up on the price tag for the Gorgon liquefied natural gas (LNG) export complex on
      Reuters  -  856 words
    • Article
      Lock icon Canada approves massive Arctic iron ore mine
      144 19 AFP [OTTAWA] Canada gave the green light on Monday to what will be one of the largest iron ore mines in the world, in a joint venture led by Europe’s ArcelorMittal, the number one steel producer. Luxembourg-based ArcelorMittal has sought to boost self-sufficiency
      AFP  -  144 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Looking beyond high growth numbers
      513 20 EDITORIAL PRIME Minister Lee Hsien Loong delivered something of a surprise when he announced at the People’s Action Party’s biennial conference over the weekend that the government is now aiming for a long-term sustainable rate of economic growth of 2-3 per cent. Up to then,
      513 words
    • Article, Illustration
      Lock icon It’s time that US Democrats slaughter their sacred cow
      783 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group PUT Social Security on the table clearly and irrevocably. Protecting retiree benefits is the left’s political equivalent of the right’s “no new taxes” pledge. Congressional Republicans are abandoning their untenable position.
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    • Article, Illustration
      Lock icon Are we grooming leaders or losers of tomorrow ?
      1075 20  - Are we grooming leaders or losers of tomorrow Shift from unhealthy focus on academic grades is a welcome move by government By STEFANIE YUEN THIO The writer is joint managing director TSMP Law Corporation By THE Ministry of Education has embarked on a welcome overhaul of our school system. The
      PHOTO: SEAH KWANG PENG/THE STRAITS TIMES  -  1,075 words
    • Article, Illustration
      Lock icon Game of chicken: Obama learns fast
      1336 21  -  He is proving to be the better player against the Republicans this time round after last year’s dismal showing LEON HADAR Washington Correspondent WATCHING the classic 1950s f i l m R e b e l Wi t h ou t a Cause (starring
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    • Article
      Lock icon Singapore should invest more heavily in cleantech
      557 21  -  By RON MAHABIR The writer is the founder of Asia Cleantech Capital and CEO of Greenlots AS WE speed dangerously along the highway of global economic growth, it has become awfully clear that we are headed for major accidents in food, water and
      557 words
    • Article
      Lock icon Changes badly needed at MIIF
      610 21  -  LETTER TO THE EDITOR Mano Sabnani MACQUARIE International Infrastructure Fund (MIIF), a private equity fund listed on the Singapore Exchange (SGX) main board, is due to hold a special general meeting (SGM) today to consider the appointment of three new directors nominated by two institutional
      610 words
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  • TransportHUB
    • Article
      Lock icon Will ‘eco ships’ save the day?
      751 22  -  Indications are that a move towards much more environment-friendly and economical tonnage will pick up momentum STRAIT TALK By DAVID HUGHES THESE are confusing times. Most freight markets are on the floor. Almost all sectors are massively overtonnaged, many shipowners are in deep trouble,
      751 words
    • Article
      Lock icon Baltic index down for third session
      325 22 Bloomberg [LONDON] The Baltic Dry Index, a measure of com-modity-shipping costs, fell for a third session as rates declined for the two largest vessel types tracked by the gauge. The index slid 0.8 per cent to 1,077, according to the Baltic Exchange, a London-based
      Bloomberg  -  325 words
    • Article, Illustration
      Lock icon India ready to send naval vessels to South China Sea
      685 22 Petrovietnam claims Chinese boats sabotage operations Reuters [NEW DELHI] India has declared itself ready to deploy naval vessels to the South China Sea to protect its oil-exploration interests there, a potential new escalation of tensions in a disputed area where
      Reuters  -  685 words
    • Article
      Lock icon TRANSPORT STOCKS
      256 22 SGX '000 Dec 4 S$ +/-Vol CH Offshore 0.45 -0.01 5 Chuan Hup Hldg 0.24 -0.01 35 Cosco Corp 0.86 -0.02 ***** S$ Ezra Hldgs 1.05 -0.01 1964 First Ship Lea 0.12 unch 323 Freight Links 0.07 unch 890 Grand Banks 0.32 0.01 12 Jaya Hold Ltd 0.55
      256 words
    • Article, Illustration
      Lock icon Ship queue grows as LA port strike enters seventh day
      604 22 Reuters [LOS ANGELES] Freighters with no place to unload cargo lined up at anchorages off Los Angeles and Long Beach for a seventh day on Monday as carriers and striking clerks resumed talks to end a labour dispute that has
      Reuters; PHOTO: BLOOMBERG  -  604 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Boeing creates plane development division
        458 23 It will handle design. flight certification of planes currently on the drawing board Reuters [NEW YORK] Boeing Co said on Monday it is creating a new division to oversee airplane development, hiving off that function from production as it seeks to ramp up factory output.
        Reuters  -  458 words
      • Article
        Lock icon Two plead guilty in plot to ship US aircraft to Iran
        592 23 They had hoped to profit by selling parts to Iran Air AP [LOUISVILLE, Kentucky] An Iranian national and an American citizen who worked as an airline pilot pleaded guilty on Monday in a plot to ship helicopters and aircraft
        AP  -  592 words
      • Article, Illustration
        Lock icon Qatar Airways to upgrade Airbus order
        267 23 Reuters [LONDON] Qatar Airways is set to upgrade an order for 20 Airbus A350 aircraft to larger variants, a move that includes new backing for a model designed to compete with Boeing’s 777 mini-jumbo, aviation sources said on Monday. Qatar Airways is the launch
        Reuters; FILE PHOTO  -  267 words
      • Article
        Lock icon Qantas shelves trial of in-flight Internet access
        291 23 AFP [SYDNEY] Australian airline Qantas’s trial of in-flight Internet access has been shelved due to a lack of interest from passengers who prefer to sleep or enjoy a rare break from the online world while flying. Qantas began a service in March which
        AFP  -  291 words
      • Article
        Lock icon Jet Air may get 16b rupees from selling stake to Etihad
        379 23 Bloomberg [NEW DELHI] Jet Airways (India) may raise about 16 billion rupees (S$356.4 million) from the sale of its 24 per cent stake to Etihad Airways, a government official said, as India’s largest listed carrier seeks funds following a
        Bloomberg  -  379 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Wearnes climbs into Land Rover in Indonesia
        554 24  -  From Jan, it’ll be the new importer and distributor of the car in that country By SAMUEL EE WEARNES Automotive, expanding in the region in the last two years, will continue down the same path next year, with its appointment as the new
        554 words
      • Article, Illustration
        Lock icon Ford aiming to restore Lincoln brand to former glory
        854 24 Reuters [DETROIT] Ford Motor Co wants to place its lagging Lincoln nameplate back on consumers’ shopping lists with an ambitious marketing campaign that draws on its heritage and includes the upscale brand’s first-ev-er Super Bowl spot. The campaign blitz got under
        Reuters; PHOTO: BLOOMBERG  -  854 words
      • Article
        Lock icon Tunnel collapse: Japan police raid operator’s HQ
        574 24 Bloomberg [TOKYO] Japanese police raided the offices of the operator of the highway tunnel whose Dec 2 collapse killed nine people, the country’s deadliest tunnel disaster in 16 years. The government on Monday ordered inspections of 49 underground passages that have a ceiling
        Bloomberg  -  574 words
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      34 23 Expensive Exotic Exclusive Carbon $15,888/Steel $12,888/Pure Italian artistry craftsmanship. The ultimate luxury in home fitness equipment. Website: www.ciclotte.com Youtube: www.youtube.com/Ciclotte MobileEdge Asia Pacific (S) Pte Ltd Tel: 6344-0400 Office hours: Mon Fri (10:00am 5:00pm)
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  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      328 23 CRYPTIC CROSSWORD Across 1 How deranged, mad, obstinate and perverse! (5-6) 7 Gather after expected time having come to mountain pass (7) 8 University lecturers are briefly entertained by theologian who isn’t bright? (7) 10 No performance in church for this piece of music (8) 11 Rows initiated by cold
      328 words
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      61 24 THE PEAK SELECTIONS GOURMET TRAVEL KJj *>T; mm v i mm LfK—1 m •i'j At EAK SELE 1 -0 3 r-: ’>■/ WE CHALLENGE BUDDING CHEFS TO GIVE ASIAN INGREDIENTS A NEW SPIN 80 FESTIVE WINES CURATED BY THE EXPERTS EAT WHERE THE WORLD'S TOP CHEFS WOULD A-LIST RESTAURANTS AND
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2932 25 Transaction date: Dec 4 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 unch 298 142 141
      2,932 words
    • Article
      Lock icon SGX CATALIST
      223 26 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 1.5 unch 125 1.6 1.5 1.5 1.6 22.3 Day Last Quote Div Gr Yld Net M Cap High
      223 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8436 26 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 Mat S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited Asian local (!cy SO Bond 0 9836/ Asian Smaller
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    • Article
      Lock icon GLOBALQUOTE
      206 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 39.5 25.5 AVJennings A30.5 +3 46 30.5 30.5 30.5 32.5 3.6 11.5 2.4 79.4 41.5 26 Genting HK US$ US32 +0.5 2262 32 31.5 31.5 32 2107
      206 words
    • Article
      Lock icon SGX ETF
      910 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 114.4 ABF SG Bond ETF 119.8 +1.8 3 119.8 118.1 118.1 119.8 546.9 128.9 120.4 CIMB APAC Div 100S$D 125 126.6 127.5 105.5 95.8 CIMB
      910 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      635 27 Dec 4 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9419.15 9457.19 9406.03 Dec12 9450.00 9505.00 9405.00 9430.00 ***** *****7 Mar13 9440.00 9485.00 9395.00 9415.00 1136 4966 MSCI TAIWAN INDEX FUTURES SPOT 273.30 274.30 271.80 Dec12 273.60 274.90 272.20 274.20 ***** *****6 Jan13 272.30
      635 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Dec 3 Index Change Change Change Change Change Change World Preliminary 922.6 0.1 11.2 0.1 4.8 0.2 11.5 EAFE Preliminary 752.0 0.1 10.2 0.4 4.0 0.5 10.6 Europe Preliminary 1134.5 0.2 10.5
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      85 27 As on 3 December 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1723.60 1714.60 1721.30 INDIA GOLD (E-GOLD) FUT FEB2013 576.90 574.25 577.40 CURRENCY EUR-USD FUT DEC2012 1.3050 1.3022 1.3066 BASE METAL COPPER FUT MAR2013 8070 8029 8068 INDEX IRON ORE (MBIO) IDX
      85 words
    • Article
      Lock icon CHICAGO BOT
      107 27 Dec 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 13 1453.75 1438.75 1462.75 1442.00 Mar 13 1448.25 1432.50 1455.00 1436.00 May 13 1427.00 1409.75 1431.00 1412.75 Jul 13 1416.75 1400.50 1420.00 1402.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 49.90
      107 words
    • Article
      Lock icon LIFFE
      80 27 Dec 3 COCOA (£/tonne) Close Prev High/Low Dec 12 1603 1593 1605/1580 Mar 13 1591 1586 1598/1572 May 13 1596 1592 1601/1579 Jul 13 1602 1599 1609/1588 COFFEE(US$/tonne) Close Prev High/Low Jan 13 1907 1917 1925/1888 Mar 13 1910 1920 1927/1894 May 13 1923 1933 1939/1915 Jul 13 1936
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Dec 03 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.39 0.42 WTI (Near Mth) 88.98 0.11 Dubai (1-Mth F) 107.18 -0.15 Tapis blend 116.22 0.68 Minas 109.5 0.68 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.89 1.39 Jet Kerosene 126.75 1.12 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Dec 4 S$ Bid Offer 1-month 1.2186 1.2188 2-months 1.2186 1.2188 3-months 1.2186 1.2188 6-months 1.2185 1.2189 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      64 27 Dec 3 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2118.00 2094.00 3 months 2120.00 2094.00 Copper, Grade A(US$/tonne) Cash 7987.25 7978.75 3 months 8005.00 7995.00 Lead(US$/tonne) Cash 2259.00 2257.50 3 months 2256.00 2252.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
      64 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      893 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 598 5.38 17 Conv Ratio Best World Intl Ltd W*****5 0.5 1 30 91 32.00 7 Price BiosensoMBeCW*****3 3.3 -0.1 40 0.4 140 6 Biosensors
      893 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 27 Dec 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.040 6.511 0.800 8.105 57.281 100.532 0.857 11.334 3.183 1.269 100.961 42.744 1.275 9.264 0.968 30.411 32.076 0.650 1.046 Canada 0.962 6.262
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    • Article
      Lock icon SIBOR
      60 27 Dec 4 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
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    • Article
      Lock icon PRECIOUS METALS
      134 27 Dec 4 GOLD(US$/oz) Dec 04 Dec 03 Hong Kong 1717.00 1727.30 Dec 03 Nov 30 London 1715.81 1717.55 1716.63 1718.37 Source: Thomson Reuters CAST BAR Dec 04 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 151 67 5gm 428 335 10gm 764 671
      134 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      86 27 Dec 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 07-Mar-13 0.24 6-Month BS*****T 30-May-13 0.27 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102 5-Year N*****0Z 2.375 01-Apr-17 108.45
      86 words
    • Article
      Lock icon PALM OIL
      57 27 Dec 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 12 2125.0 2101.0 2125.0 2100.0 60 3005 Jan 13 2232.0 2237.0 2240.0 2202.0 3665 ***** Feb 13 2317.0 2316.0 2319.0 2279.0 ***** ***** Mar 13 2378.0 2382.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Dec 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2743 1.2749 1.0457 1.0460 Canadian dollar 1.2255 1.2263 1.0061 1.0056 Euro 1.5926 1.5931 1.3069 1.3071 NZ dollar 1.0039 1.0043 0.8238 0.8240 Sterling pound 1.9619 1.9626 1.6100 1.6103
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Dec 04 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.3 1.239 Can dollar 1.253 1.194 Euro 1.627 1.55 Sterling pound 1.997 1.921 NZ dollar 1.033 0.975 US dollar 1.242 1.183 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 27 Dec 4 $S Offer Bid 0vernight 0.10 0.05 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.10 US$ 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 12
      157 words
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  • Article
    Lock icon The Business Times Shipping Times
    3457 28 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination
    3,457 words
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      Lock icon Page 29 Advertisements Column 1
      131 29 TO ADVERTISE IN .THE BUSINESS TIMES MIL UUJINLJJ IIIVILJ Shipping Times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WONG AT 9620 1327 nt UUJINLJ J I II VII Shipping Times Announce
      131 words
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  • executive Money
    • Article
      Lock icon Betting big on youth – in Beijing
      1061 30  - Betting big on youth in Beijing American venture capitalist Stephen Bell recruits young talent in China in search of the next big idea, reports RON GLUCKMAN reportsRON RON GLUCKMAN AP [BEIJING] AS HE discusses technology, Stephen Bell with his shaved head, glasses and dark Levi’s channels Apple’s co-founder Steve Jobs.
      AP  -  1,061 words
    • Article, Illustration
      Lock icon Nobel Foundation planning to restore capital through hedge funds
      931 30 Its analysis shows it gets more return with less risks Bloomberg [STOCKHOLM] The Nobel Foundation, which this year lopped 20 per cent off its cash prizes, is planning to invest more money through hedge funds to boost its returns and restore
      Bloomberg; PHOTO: BLOOMBERG  -  931 words
    • Article, Illustration
      Lock icon For Buffett, the long run still trumps quick returns
      894 30  -  He sees today’s stock market trading as a casino game By ANDREW ROSS SORKIN NYT [NEW YORK] Warren Buffett was sitting across from me over lunch at a private club last week, lamenting the current state of a Wall Street that
      NYT; PHOTO: AP  -  894 words
    • Article, Illustration
      Lock icon Is there a bubble in fixed income market?
      1002 31  -  There’re still opportunities, but investors should be mindful of risks, says JOEL KIM JOEL KIM The writer is head of Asia-Pacific Fixed Income, BlackRock IN the wake of the global financial crisis, fixed income investing has become subject to two disparate, yet
      PHOTO: BLOOMBERG  -  1,002 words
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      Lock icon US property still a great investment
      1472 32  -  There are many things in favour of such a strategy, not the least of which is the very favourable exchange rate, says MARK MATTHEWS MARK MATTHEWS The writer is head of research, Asia, Bank Julius Baer Co Ltd I S REAL estate anywhere in
      PHOTO: BLOOMBERG  -  1,472 words
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      155 31 SAXO WINNER Trading platform features Saxo Capital Markets Investment Trends 2012 Singapore CFD FX Report CAPITAL MARKETS A TRADER'S BEST CALL www.saxomarkets.com.sg WINNER Customer service Saxo Capital Markets Investment i Trends r 2012 Singapore CFD FX Report Confidence is trading with the Make the right call with Saxo's winning performance.
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      Lock icon Page 32 Advertisements Column 1
      221 32 II When I review my insurance policies, I expect the process to be simple, not complicated." Zurich has 140 years of experience and over 60,000 employees serving customers worldwide. If you're unsure whether you are under-insured or over-insured, speak to our network of financial professionals who can advise you, and
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      Lock icon Page 33 Advertisements Column 1
      1114 33 ssi .00 The Business Times i online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO regn no i*****868E mica (p) 074/08/2012 Wednesday, December 5, 2012 Now on iPad EXECUTIVE LIFESTYLE Fashion, ail eon PAGE W ivl PROPERTY Exec condo siK Pasir His keenl] contested page 8 olam Shares up
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      Lock icon Page 34 Advertisements Column 1
      135 34 Leadership in technology. The world is growing. Every day, more people, vehicles, homes and factories are driving an ever-increasing demand for energy. That’s why ExxonMobil is investing more than US$1 billion annually in research, development and technology application part of our commitment to developing the breakthrough technologies required to meet
      135 words
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      Lock icon Page 35 Advertisements Column 1
      1179 35 Download Now executive lifestyle Fashion, ait converg 6 jJMi' PAGE 34 .V TV OLAM pR0PE 5 TY tpat Sharesupat Exec condo site a oDening beU, Pasir Ris keenly contested page 8 AVIATION AirAsia may add one more m^r^b PAGE 24 ssi.oo A SINGAPORE PRES 5 H( HOLDINGS PUBLICATION M ICA(P|0M/®«
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      570 36 Standard Cj Chartered Here for good gifts bought over two months > one-day passes to thrilling marine adventures |r yl JJ J unforgettable family trip EC L N > It’s good when shopping comes with extra rewards. Get a guaranteed gift Simply charge a minimum of $7,000 to your Standard
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