The Business Times, 3 September 2009

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Total Pages: 28
1 28 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sf^l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, September 3,2009
    23 words
  • 713 1  -  TEH SHI NING GDP may shrink just 3.6% this year, grow 4.5% in 2010: survey By [SINGAPORE] Things are looking up for Singapore's economy, which may shrink far less than was feared until recently. The median forecast by economy watchers for this year is
    713 words
  • 578 1  -  UMA SHANKARI Mah says govt may bring confirmed list back next year as demand returns By [SINGAPORE] There is a "definite possibility" that the government will re-in-troduce land sales through its confirmed list system from next year, Minister for National Development Mah Bow Tan
    CHEW SENG KIM/THE STRAITS TIMES  -  578 words
  • MARKETS DIGEST
    • 24 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5 55 HONG KONG 5.00 XT. T% BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 |ND|A UJS Source:
      Bloomberg  -  24 words
    • 47 1 Inesi lay lange 1 COMP 1,168.01 -3.27 IIKKEI225 10,280.46 -249.60 1ANG SENG 19,522.00 -350.30 ;et index 654.12 JAKARTA COMP 2,285.92 -40.99 1ANILA COMP 2,808.21 -44.72 ;eoulcomp 1,613.16 -9.90 ;henzhenb 471.32 -1.82 IUMBAI IND 1 5,467.46 -83.73 12 noon EDT Cham )OW 9,308.93 -1.67 IASDAQ 1,970.53 +1.64
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    • 46 1 IS$ (S$ ier US$) 1.444 (US$/S$ per 1.612 2.329 :URO (US$/S$/E) 1.422 2.053 Forei' in curreno >er US$ S$ 'EN 92.60 64.10 3.542 2.452 IK$ 7.751 5.366 !AHT 34.03 23.56 lUPIAH 10,140 7,020 lENMINBI 6.831 4.729 INDIAN RUPEE 49.06 33.96 1.207 0.836 IZ$ 1.485 1.028
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 71 1 I EDUCATION BizlT PROPERTY ff% |j~qß I SINGAPORE J>j|i NewdeanforSMU Cable Wireless LagunaParkup S|& INTERNATIONAL business school sets up lab in Spore for collective sale HS^'^fiSi Hitting the jackpot with K¥ PAGE 10 PAGE 25 PAGE 28 gl°bal a^encies PAGES 4& 11 JAPAN IN TRANSITION Re-learning the art of power
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  • TOP STORIES
    • 682 2  -  LEE U-WEN Singapore reserves, top posts protected by President By [SINGAPORE] There are many safeguards in place should the opposition manage to displace the People's Action Party at a future general election, said Minister Mentor Lee Kuan Yew yesterday evening. He gave
      682 words
    • 615 2  -  ANTHONY ROWLEY Lack of precedent makes it an awkward process, raises fears of glitches By in Tokyo AFTER Sunday's historic general election in Japan in which the Democratic Party of Japan (DPJ) swept the Liberal Democratic Party out of power at the
      615 words
    • 504 2  -  CHEW XIANG Ex-Pheim fund manager tells court she didn't give order to buy UET shares By [SINGAPORE] Lawyers for fund manager Tan Chong Koay and his billion-dollar Malaysian fund Pheim Asset Management are moving to impeach a key witness who dramatically appeared in court
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    • 232 2 Reuters LATEST US DATA [NEW YORK] The United States lost fewer private sector jobs last month than in the prior month, while companies also planned fewer layoffs, suggesting modest improvement in the beleaguered US labour market. Tentative signs of recovery were also
      – Reuters  -  232 words
    • THREE-MINUTE DIGEST
      • 71 2 THINGS are looking up for Singapore's economy, which may shrink far less than was feared until recently. The median forecast by economy watchers for this year is now a 3.6 per cent contraction in GDP, which suggests a much brighter outlook than the 6.5
        71 words
      • 54 2 THERE is a "definite possibility" that the government will re-introduce land sales through its confirmed list system from next year, Minister for National Development Mah Bow Tan said yesterday. Right now, it is "a question of how much we put on the confirmed list",
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      • 62 2 LAWYERS for fund manager Tan Chong Koay and his billion-dollar Malaysian fund Pheim Asset Management are moving to impeach a key witness who dramatically appeared in court on Tuesday. The witness, Tan Keng Lin, a former fund manager at Pheim's Malaysia office,
        62 words
      • 67 2 SINGAPORE companies have been quietly working with international agencies like the World Bank and the Asian Development Bank on projects that add up to billions of dollars. The International Finance Corporation alone has bankrolled up to US$5 billion as at end-2007 in
        67 words
      • 80 2 GLOBAL investment bank, Deutsche Bank, is locked in a legal tussle with renowned Taiwanese scientist and private wealth management client, Chang Tse Wen, in the Singapore High Court. Deutsche Bank claims Dr Chang owes it some US$l.B million a shortfall in his account
        80 words
      • 69 2 OLAM International yesterday said it is selling US$4OO million in seven-year convertible bonds, just days after raising US$64O million in debt. The bonds have a coupon of 6 per cent and can be converted into 01am shares at an initial price of 553.0853, a
        69 words
      • 59 2 MAINBOARD-LISTED Ban Joo is the subject of a $376.15 million reverse takeover that will transform it into an undersea fibre-optic cable player controlled by Indonesian interests. Ban Joo said yesterday it is ingesting the assets and businesses of Telemedia Pacific Group, which is controlled
        59 words
      • 63 2 THE economic downturn has hit JTC Corporation, shaving its net surplus for the year ended March 31 by 22 per cent from a year earlier to $914 million. Keeping an eye on the longer-term nonetheless, the industrial landlord has restructured its divisions according
        63 words
      • 105 2 LAGUNA Park, a 528-unit ex-HUDC estate in Marine Parade, has just been officially put up for collective sale. More than 80 per cent of the owners have inked their consent to the collective sale agreement at a reserve price of $1.2
        105 words
    • 620 4  -  MICHELLE QUAH Deutsche Bank claims client owes it USsl.Bm By [SINGAPORE] Global investment bank, Deutsche Bank, is locked in a legal tussle with renowned Taiwanese scientist and private wealth management client, Chang Tse Wen, in the Singapore High Court. Deutsche Bank
      620 words
    • 500 4  -  CHUANG PECK MING Good track record and strong expertise put them in good stead By [SINGAPORE] Singapore companies have been quietly working with international agencies like the World Bank and the Asian Development Bank (ADB) on projects that add up to billions
      500 words
    • 437 4  -  OH BOON PING Centralising banking supervisory practices will come next By in Brussels THE euro will not replace the greenback as the currency of refuge anytime soon, says the head of the European Policy Centre (EPC) in Brussels. He
      BLOOMBERG  -  437 words
    • 462 4  -  TEH SHINING By [SINGAPORE] The "red flags and warning signs" were everywhere. But the two banks which lost their claims for some US$57 million against Asia Pacific Breweries, in a lawsuit linked to the fraud committed by former finance manager Chia Teck Leng,
      462 words
  • Page 2 Advertisements
    • 215 2 I A«»« Partner U|| IiMJ 111 *J lIAI T T J J I k»i I 3 I j Advantage prise performance and mission critical RAS with oT^\ Sun SPARC Enterprise M3OOO Server. t -^B ||J^g^ gH H'Ctt £&r^ PiSi!Hiiffl§ iSlf-i •!t^3]~ni3l ffiUfliffiMi Oracle Database Standard Edition mJJ^^T -^fm>*^jjr jlililHU Siill^il
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  • Page 3 Advertisements
    • 122 3 When I think about what excites me most it has to be: the Ist time I had sex, Fl, bungee jumping, and leaving this page...blank. What's yours? THE TRIZ^SN beyond excitement Sales Suites open for viewing on Friday. Developer Opening Hours: 10am 6pm daily Sa ,os Soi.os ,00,,0 d o,
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  • Page 4 Advertisements
    • 179 4 Over 5 Million Dollar Jewellery Inventory MUST BE LIQUIDATED! This property shall be offered at this one day auction. Items obtained from govt. auctions plus the addition of goods which constitute the majority. 4 J 4 DniinH nil 9 fWW |f\ Necklace-Dia. Dia 80ct rcouna via. z.uuci. -W nrr-n W
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    • 774 4 w [SATS JL^I V^>/ JL JL^^JLIJ Toll free: 1800-289-8822* Email: notices@sph.com.sg www.cats.com.sg IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE In The Cause of Admiralty In Rem No 209/2009Q Warrant of Arrest 51/***** In The Cause of Admiralty in Rem
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  • COMPANY NEWS
    • 489 5  -  CHEW XIANG Proceeds will fund acquisitions and will be used for general corporate purposes By COMMODITIES supplier 01am International yesterday said it is selling US$4OO million in sevenyear convertible bonds, just days after raising US$64O million in debt. The bonds have a coupon of
      489 words
    • 546 5  -  EMILYN YAP BANKS may have loosened their purse strings but many real estate investment trusts (Reits) here are sticking to rights issues or private placements for funds despite their dilutive effects. Since June, another five Reits have conducted such exercises to raise
      546 words
    • 526 6  -  YEN SREENIVASAN lt could become undersea fibre-optic cable player with Indonesian interests By MAINBOARD-listed Ban Joo is the subject of a $376.15 million reverse takeover that will transform it into an undersea fi-bre-optic cable player controlled by Indonesian interests. In an announcement yesterday,
      526 words
    • 609 6  -  CONRAD TAN Investors await new chief's strategy for bank By DBS Group's choice of Citigroup's Piyush Gupta as its new chief executive bodes well for the bank, analysts said yesterday. His extensive commercial banking experience in South-east Asia and Hong Kong
      REUTERS  -  609 words
    • 285 6  -  TEH SHI NING By! PASSION Holdings' trading debut on the Singapore Exchange main board yesterday saw its share price close 4.5 cents or 18 per cent above its offer price of 25 cents. Opening 40 per cent up at 35 cents yesterday morning,
      285 words
    • 277 6 SINO-Singapore Tianjin EcoCity Investment and Development Co Ltd (SSTEC) said yesterday that it has entered into collaborations with key Singapore transport organisations to lay the foundation for a comprehensive and effective green transport system in the Sino-Singapore Tianjin Eco-City. The plan
      277 words
    • 257 6 Reuters [BANGKOK] Thailand's Total Access Communication PCL (TAC) is optimistic that a long-awaited auction of 3G mobile licences will take place soon, enabling it to tap a new revenue source from mobile Internet. It could take around six to nine months for TAC, Thailand's
      – Reuters  -  257 words
    • 472 7  -  VINCENT WEE But interest margin raised 50 to 70 basis points during waiver period By SHIPPING trust First Ship Lease Trust (FSLT) has announced some relief amid the sector's finance woes by securing a two-year waiver from the loan-to-va-lue covenant for its credit facility,
      472 words
    • COMPANY BRIEFS
      • 118 7 SINGAPORE Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE) wiU announce the results of the half-yearly review of the constituents of the Straits Times Index (STI) and 20 other indices in the FTSE ST Index Series (excluding the newly-launched FTSE ST
        118 words
      • 128 7 PAN Hong Property Group said yesterday that its property pre-sales improved to 785.2 million yuan (Ssl66 million) as at Aug 31, which is an increase of 62.8 million yuan from the accumulated pre-sales value of 722.4 million yuan as at Aug 9.
        128 words
      • 62 7 FAIR Link Investments' exit offer for shares in Tsit Wing International Holdings that it does not already own has lapsed. One condition of the exit offer was not satisfied at its special general meeting yesterday, which saw more than 10 per cent of
        62 words
    • 385 7  -  LYNETTE KHOO By SUNSHINE Holdings said yesterday that the court hearing on the winding-up petition against its subsidiary Elegant Jade Enterprises Ltd will be held on Sept 21 in the British Virgin Islands (BVI). Creditors comprising Centar Investment (Asia), Stark Master Fund and
      385 words
  • Page 5 Advertisements
    • 75 5 A SATS I I, Andrew Stephen Miller divorcee of 6 Marina Boulevard, #18-19, Singapore *****5 intend to I marry Paulina Maria Margaret Grochowina, single, I of 140 Holmes Road, Munster, WA 6166 Australia at Town Hall, Via Regina, 23, ***** Cernobbio, Italy I on 8 November 09. Any person knowing
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    • 433 5 This announcement appears as a matter of record only. This document is for general information purposes only and is not an offer to sell or a solicitation of an offer to buy any product. Past performance is not indicative of future returns. VVCIILUI I International Group Transactions Completed First Half
      433 words

  • Page 6 Advertisements
    • 811 6 ©SUBSCRIPTION OPENS TODAY 550.25 per Rights Share 40.5% discount M|| A J|mi {nr illlit<"l (to last traded price on 20 August 2009, prior to trading of the Shares UIIO ManiiC LIIIIIICQ being halted upon request by the Company) IMPORTANT DATES AND TIMES Books Closure Date 31 August 2009 (Mon) at
      811 words
    • 351 6 g^NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 NATIONAL AUSTRALIA OVERSEAS HOLDING (SINGAPORE) PRIVATE LIMITED (Company Registration No.: *****8409 M) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 31 August 2009, the following resolutions were duly passed: 1. SPECIAL RESOLUTION
      351 words

  • Page 7 Advertisements
    • 58 7 J^ordAv^-Storey -Si Good Class Bungalow H i 1 6»ISST •*****/7500sqft P Near prestigious schoolsf^g I ■■■^Vi Nanyang Raffles Girls Primary Mfl t I Close to the Botanic Gdns mlns away from Orchard Rd r Seated on elevated land Short walk to main road Lianhe Zaobao I Local firm succeeds in
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    • 500 7 FLY ANA to Check out our ALL-INCLUSIVE fares! Enjoy dynamic fares and lovely Travel Period: 01 Sep-15 Novo9* Sales Ticketing: 27 Aug-11 Sep 09 Japanese hospitality when you fly to Chicago with ANA! With our daily Chicago ***** morning and night flights, flying to USA has never been more Honolulu
      500 words

  • SINGAPORE MARKETS
    • 540 8  -  CONRAD TAN STOCKS STI falls in tandem as regional markets slip amid continuing concerns over world economy STOCKS here fell yesterday amid a broader slide across most of Asia as concerns over the recovery path for corporate earnings and the world economy continued to trouble
      Bloomberg  -  540 words
    • 93 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 2 14 2 0 0 0 2 14 2 lanufacturing 41 90 59 11 43 98 70 Commerce 14 43 17 16 49 20 'pt/Stor/Comms 11 21 11 23 :inance 16 16 Construction 12 14 10
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    • 115 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 30,436 30,436 53,499 53,499 lanufacturing 795,540 35,511 831,051 327,364 1,212 328,576 lommerce 213,693 26,729 240,422 198,608 9,498 208,105 'pt/Stor/Comms 197,312 1,516 198,828 262,825 324 263,149 :i nance 30,108 30,108 198,003 198,003 lonstruction 117,093 12,894 129,987 37,235 368 37,603 'roperties
      115 words
    • 105 8 lapitaLand 3.660 -0.040 lapitaMall 1.670 +0.020 jtyDev 9.900 -0.100 lomfortDelGrc 1.610 +0.070 losco Corp 1.230 +0.010 IBS Grp 12.740 +0.020 :&N 3.950 +0.030 ienting SP 1.070 +0.070 iolden Agri 0.450 -0.015 IK Land 3.810 -0.070 IMH 27.520 -1.280 ISH 15.960 -0.740 lardineC&C 22.820 -0.340 Ceppel Corp
      105 words
    • Article, Illustration
      930 8  -  JAMIE LEE Sembcorp Marine Sept 2 close: $3.05 DBS VICKERS SECURITIES, Sept 2 SEMBCORP Marine's (SMM) 100 per cent-owned subsidiary, Jurong Shipyard Pte Ltd, has terminated its jackup rig construction contract with Petroprod D&P I Ltd. Petroprod has missed its milestone payments in the last two to three
      Bloomberg  -  930 words
    • 572 8 -Reuters CURRENCIES [LONDON] Positive US economic data may not help out the dollar for up to six months as investors stick to currencies deemed more lucrative as a global economic recovery takes hold, a Reuters poll found yesterday. Despite a largely steady
      -Reuters; AFP  -  572 words
    • 4 8 DAILY
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    • 61 8 Sep 2 VALUE CLOSE IT OB/OS 586.00 -67.0C IT CADI -*****.00-220.0i IT 10-day MA -*****.00 +58.0i TSE ST Mid Cap 589.57 -4.3 TSE ST Small Cap 538.49 -7.1 TSE ST All Share 632.56 -6.3, TSE ST China Top 274.49 -3.2: TSE ST China 275.26 -2.8! TSE ST
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    • 58 8 VOLUME Genting SP 227,451,000 Golden Agri 103,742,000 Passion 98,369,000 Sinotel Tech 81,652,000 China Honqxinq 52,146,000 Olam 47,238,000 *Star Cruises 46,208,000 SinoTechfib 44,694,000 Synear 43,993,000 BanJoo 42,812,000 VALUE(S) Genting SP 234,858,990 Olam 109,161,650 SATSvcs 79,830,980 Sing Tel 69,382,770 DBS Grp 64,385,040 NOL 63,592,647 OCBC Bk 55,446,650 Sinotel Tech
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    • 103 8 DBXT S&P Short 10US$ CLOSE UP 6196 160.3 1.8 UOB 5.05%NCPS 100 9940 40.0 0.4 LP 10US$ 9380 36.1 0.3 .nwellTech 58 20.0 52.6 DBS Bk6% NCPS 10 ***** 20.0 0.2 ICBC Bk4.5%NCPS 100 9310 10.0 0.1 Dain 588 7.2 0.9 "omfortPelGro 161 7.0 4.5 ientini SP 107 7.0
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    • 115 8 BY CENTS CLOSE DOWN ICBCCai 5.1%NCPS 100 9760-202.0 -2.0 IMH 2752-184.8 -4.4 DBXTDJE50 10US$ 4017-163.1 -2.7 ISH 1596-106.8 -4.4 DBXT Ni 10US$ 9563 -63.5 -0.5 LatinAmerica 1 662 -56.3 -5.6 DBXT MSAsExJl 10US$ 2443 -39.0 -1.1 lardine C&C 2282 -34.0 -1.5 DBXT FTVietnam 10US$ 5412 -27.4 -0.3 'ilmar.ES.0909 626
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    • 88 8 Wh lere i S$ stands Sen 2 CHNG CLOSE FR Sep 1 YR2009 S$ LOW S$ HIGH uss 1.4434 -0.14 1.5579 1.4308 Euro 2.0527 0.77 2.0732 1.9150 Pounds 2.3309 0.50 2.4366 2.0356 AS 1.1992 0.66 1.2171 0.9453 Yen* 1.5574 -0.60 1.7278 1.4831 Rupiah* 0.***** 0.46 0.***** 0.***** Baht* 4.2378
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  • SINGAPORE NEWS
    • 507 9  -  EMILYN YAP Group restructures units into economic clusters to support key industries By THE economic downturn has hit JTC Corporation, shaving its net surplus for the year ended March 31 by 22 per cent from a year earlier to $914
      FILE PHOTO  -  507 words
    • 347 9  -  NISHA RAMCHANDANI By ASIA offers great opportunities for growth in online travel bookings, says an Australia-based online travel company. In Australia, 13 per cent of hotel accommodation is booked online, whereas in the United States the figure is about 30 per
      347 words
    • 286 9  -  JOYCE HOOI By THE Singapore Purchasing Managers' Index (PMI) saw the manufacturing sector expanding for the fourth month in a row. For the month of August, the PMI stood at 54.4, rising 2.9 points from July. A reading of more than 50
      286 words
    • SINGAPORE ROUNDUP
      • 30 9 STANDARD Chartered has appointed Venkatesh Rathnam global head of its securities services operations from Sept 1. He was previously Citibank's Asia-Pacific regional head of operations.
        30 words
      • 70 9 IN preparation for the Asia-Pacific Economic Cooperation (Apec) meetings in Singapore from Nov 8-15, the Apec organising committee will conduct a rehearsal this Saturday, Sept 5. Parts of Buyong, Orchard, Tanglin, Penang and Bras Basah roads, and Raffles Boulevard, will be affected. Advisory signs will
        70 words
    • 1109 9 PropNex is setting itself apart from the competition by positioning itself as a socially responsible company whose agents can be trusted, report LEE GHIM MENG RENNY, LIM BOON HOW ALASTAIR and LIM SWEE HON ROBIN MANY people associate P&N Holdings with its highly
      ARTHUR LEE  -  1,109 words
    • 570 10  -  LEE U-WEN New dean promises changes after he assumes post on New Year's Day By WHILE many people his age would be happily enjoying their retirement, 66-year-old academic Howard Thomas is relishing the prospect of starting a new life here as the new dean
      570 words
    • 332 10  -  FELDA CHAY By BROADCASTERS here must do more to distinguish advertorials and infomercials from information programmes, says the Programme Advisory Committee for English Programmes (Pace). The committee, appointed by the minister of information, communication and the arts to provide
      332 words
    • 329 10 Reuters JPMorgan Chase Co said yesterday it had hired seven new staff for its commodities and energy sales and trading team as part of its Asian expansion, signalling the start of an industry upturn after a year of turmoil. JPMorgan's move follows Bank of America Merrill
      Reuters  -  329 words
    • 256 10 Wong Partnership 'most responsive local firm of the year' FOUR out of five in-house counsel here say excessive fees charged by private lawyers are their biggest concern, a survey has found. Asian Counsel magazine surveyed 15,000 in-house counsel and senioi corporate managers
      256 words
  • Page 9 Advertisements
    • 64 9 ENTERPRISE Celebrating Singapore's Enterprising Spirit 2009 Published every Tuesday and Thursday, this series is part of the Enterprise 50Educational Project between the E5O partners and the NUS Business School. PropNex was among the E5O winners in 2008. The annual E5O ranking is coorganised by The Business Times and KPMG, sponsored
      64 words

  • Page 10 Advertisements
    • 60 10 www.omy.sg mTm\\ IGIM&CI» m_^m__% THE HEARTBEAT OF THE INDIAN COMMUNITY JL-n Jl^Ri \W\M 9\ Feel the Force ">ffl|* I*^*@, Force India score their first F1 points _____*> _m Indian expats are Zm 0 'I I M. fll aW fl L v 'j .^j x-^j^^^flflt flji j -v j|9| Bk" 1
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    • 142 10 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists The diverse experiences mt_t m of some ofthe most L influentialthinkers, M corporate and social activists of 1/ '~m U ledge #Xfl^K Im ~WM u&&> JT JE Z\ rFo,fffZ^ ZZ M JM "ZZ Ztes» #fll W X >#//^H fl&t P^
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  • SINGAPORE INTERNATIONAL
    • 1174 11 Development projects bankrolled by world organisations are a great source of opportunities for Spore firms, reports CHUANG PECK MING GUESS who's spending more when everyone else is cutting back in these recessionary times? Governments. Yes, that's obvious given the massive publicity as they pumped in billions of
      1,174 words
    • 444 11  -  CHUANG PECK MING International firms expected to play a big part in growth Reports by LEADING infocomm services provider NCS sees half of its sales coming from overseas within five years and international organisations will play a big part. "We
      444 words
    • 197 11 INTERNATIONAL Finance Corporation (IFC) the World Bank's private-sector investment arm is keen to work with Singapore companies looking to invest in developing markets. IFC, which provides technical assistance and long-term financing for development projects in these markets, has teamed up
      197 words
  • Page 11 Advertisements
    • 246 11 |HjHHRHBHH International Business Fellowship X i Executive Programme on India ttt ~W India's rapid economic growth, massive consumer size of 200 million Programme Highlights ■f"'fl households and position as Singapore's 11th largest trading partner translate India's economic environment Human resource practices of Indian companies Efl i B ~ZHT trt into
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    • 15 11 Singapore International A fortnightly series brought to you by IE Singapore and The Business Times
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  • ECONOMY WATCH
    • 642 12 Reuters Q2 growth stronger than expected, credit market improving [SEOUL] South Korea's economy grew more strongly than expected in the second quarter, and Fitch Ratings said that the credit market had improved enough for it to raise its outlook on the country's credit rating
      – Reuters; REUTERS  -  642 words
    • 349 12  -  JAMIE LEE By WHILE the appreciation of the yuan is widely expected, this is likely to happen only from 2011, said a senior economist from United Overseas Bank (UOB) yesterday. The yuan would probably hold steady against the US dollar until the end of
      349 words
    • 556 12 -Reuters High jobless rates curbing consumer spending growth [WASHINGTON] If the revival in US manufacturing is going to last, consumers will have to start buying the goods that are now starting to roll out of factories. The Institute for Supply Management said on Tuesday that
      -Reuters; AFP  -  556 words
    • 238 12 Bloomberg [WASHINGTON] The US recession will be "long and very damaging" and is likely to last until banks are able to increase their lending capacity, according to Harvard University economics professor Martin Feldstein. "A well-functioning system of bank lending is necessary
      Bloomberg  -  238 words
    • 587 12 ■AFP Meeting comes ahead of G-20 summit this month [WASHINGTON] The United States expects a world trade ministerial meeting in India this week to be an "important step" in efforts to conclude the Doha free trade accord, President Barack Obama's
      ■AFP  -  587 words
    • 381 12 -AP [BRUSSELS] European Union finance ministers aimed yesterday to hammer out a deal to give a US$75 billion boost to the International Monetary Fund's efforts to lend to countries suffering from a global economic downturn. EU nations have already promised US$lOO billion,
      -AP  -  381 words

  • MALAYSIA/INDONESIA
    • 552 13  -  S JAYASANKARAN Report had said plan was to make Astro carry more pro-govt content By in Kuala Lumpur KUALA Lumpur has denied a news portal's report that it was reviewing the licence for a Malaysian satellite pay-TV broadcaster in a move to
      BLOOMBERG  -  552 words
    • 526 13 Reuters [JAKARTA] A powerful earthquake rattled Indonesia's main island of Java yesterday, killing at least 15 people and forcing thousands to evacuate, the country's disaster management agency said. The 7.0 magnitude quake, as recorded by the US Geological Survey, shook buildings in
      Reuters; AFP  -  526 words
    • 564 13 J Bloomberg [SINGAPORE] A rally in Indonesian bonds, the best performers in Asia this year, may end in coming months as the central bank halts the longest stretch of interest rate cuts since 2007, Citigroup Inc and HSBC Holdings pic said.
      J ■ Bloomberg  -  564 words
    • 322 13 Reuters [KUALA LUMPUR] Rains have weakened in key oil palm growing regions in Malaysia, due to El Nino, although recovery may be on the cards from September onwards, the head of the country's meteorology department said on Tuesday. Triggered by an abnormal warming
      Reuters  -  322 words
  • Page 13 Advertisements
    • 146 13 SA* t_llflk_*_*__\ covLo, Jr z^ A decade 0f... Jf\ F\ Trie Singapore Exchange's roles have evolved and grown over the ~\J l^ years it s the money-making machine, the Asian gateway, a I regulator and an innovator. Find out more in Pulses as it celebrates its I 10th birthday this
      146 words

  • GREATER CHINA/INDIA
    • 469 14 Serious concern about stability raised as the CCP plans Oct 1 celebrations [BEIJING] Chinese workers are taking to the streets to demonstrate against pollution and job losses stemming from state-asset sales, highlighting social tensions weeks before the Chinese Communist Party (CCP) celebrates 60 years
      Bloomberg  -  469 words
    • 357 14 Reuters [BEIJING] China is backsliding on reforms to open up its economy to foreign business, thereby hindering competition and imperilling its shift to a new model of sustainable growth, the European Union Chamber of Commerce in China said yesterday. In its annual position paper,
      Reuters  -  357 words
    • 343 14 ■AFP [BEIJING] China will train its judges on handling a rising tide of social unrest across the country, state media reported yesterday, in the latest sign of official unease over the issue. A total of 235 judges from intermediate and lower-level courts
      ■AFP; AP  -  343 words
    • 247 14 -AFP [NEW DELHI] India's government is set to accept a landmark court ruling that decriminalises gay sex between consenting adults, a report said yesterday. The July verdict by the Delhi High Court was non-binding outside the Indian capital, meaning that the government
      -AFP  -  247 words
    • 579 14 Reuters [HONG KONG] After years of investing in Chinese retailers, global private equity funds are adding other strong consumer sectors such as health care to their target lists, attracted by low valuations and big market potential. Traditional retailers, such as home
      Reuters; AP  -  579 words
    • 563 14 Bloomberg [NEW DELHI] India's budget deficit may widen further than official estimates as the government spends more to limit the impact of a drought affecting almost half the country, Morgan Stanley said. The budget shortfall may increase by as much as 0.3
      Bloomberg  -  563 words

  • ASIA-PACIFIC/WORLD
    • 429 15 Reuters Top 5 execs have combined increase of USs9om in value of their options [NEW YORK] As shares of bailed-out banks bottomed out earlier this year, stock options were awarded to their top executives, setting them up for millions of dollars in profit as prices
      ■ Reuters  -  429 words
    • 381 15 Reuters [BRUSSELS] The European Commission could decide to delay Oracle Corp's US$7.4 billion acquisition of Sun Microsystems Inc with less than 48 hours to go before a deadline, two sources familiar with the situation said on Tuesday. The commission antitrust authority is
      Reuters; AP  -  381 words
    • 542 15 Bloomberg [WASHINGTON] Regulators should consolidate functions of agencies overseeing the US$592 trillion over-the-counter derivatives market, Options Clearing Corp chief executive officer Wayne Luthringshausen said. Certain roles ofthe Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) should be combined
      Bloomberg  -  542 words
    • 596 15 I AT [LOS ANGELES] EBay Inc, long criticised for its high-priced purchase of Internet phone company Skype, is finally getting out of a marriage that was a mismatch from the start. The online auction company said on Tuesday that it would sell
      I AT; AFP  -  596 words
    • 894 15  -  ANDREW MARKS September is traditionally the worst month of the year for stocks By in New York IT SEEMED to be only a matter of time. As September began, US stock market investors and analysts knew that following up one ofthe
      894 words

  • WORLD
    • 613 16 Reuters Wealth managers must improve offers, such as onshore services, to survive [ZURICH] A US tax probe against Swiss bank ÜBS has killed traditional offshore banking and wealth managers will have to improve their offers to survive, bankers and industry insiders said
      Reuters; A  -  613 words
    • 595 16 Reuters ANALYSIS [NEW YORK] Rules that may curb high frequency trading came into effect on exchanges from New York to London on Tuesday, threatening to crimp profits for the firms that took advantage ofthe controversial method. Aside from the impact on traders involved
      – Reuters  -  595 words
    • 459 16 Bloomberg [NEW YORK] Maria Sharapova, the world's best-paid female athlete, may drop some sponsors in favour of agreements that give the three-time tennis Grand Slam champion a percentage of sales, her agent said. "She has wealth," Max Eisenbud, vice-president of IMG Tennis, said in
      Bloomberg; AP  -  459 words
    • 693 16 [LOS ANGELES] Disney's US$4 billion purchase of Iron Man movie-maker Marvel Entertainment signals a possible wave of media industry consolidation, but the cash to do deals may come from India or China, not Hollywood or WaU Street. Even before Walt
      Reuters; BLOOMBERG  -  693 words

  • AVIATION/SHIPPING
    • 414 17  -  YEN SREENIVASAN If market conditions are right, a case will be put to board for consideration: CEO By QANTAS-controlled Jetstar Asia could start long-haul low-fare operations out of Changi if market conditions are right. While playing down the prospect of an immediate move, the
      AFP  -  414 words
    • 473 17 Bloomberg [COPENHAGEN] AP Moel-ler-Maersk chief executive officer Nils Smedegaard Andersen plans to use cash from a 9.2 billion krone (552.5 billion) treasury share sale to help finance acquisitions in the oil and terminals businesses. The sale "will increase our flexibility
      – Bloomberg; BLOOMBERG  -  473 words
    • TRANSPORT STOCKS
      • 107 17 '000 Vol CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks lava Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.53 0.30 1.23 0.62 1.65 0.60
        107 words
      • 37 17 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Brief PDZ Holdings 0.99 unch 8.72 3.02 3.05 0.03 0.09 -0.02 unch 0.01 unch 0.01 0.01 -0.01 44 0 198 1086 42 110 250
        37 words
      • 12 17 '00 ■recious Ship Jegional Cont 16.70 12.00 0.10 1196 0.50 *****
        12 words
      • 14 17 '000 >ep2 HK$ Vol Doil iingamas Cont .38.50 ...1.41 2.30 0.02 1754 7502
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      • 25 17 '000 >ep2 Peso Vol Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.30 20.25 2.00 unch -0.10 -0.75 -0.02 unch 11 1845 13 0
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      • 22 17 NTS Vol Evergreen Marine ....19.70 :irststeamship 36.30 ManHai Lines 16.45 fang Ming Marine...12.05 unch -0.15 unch -0.10 4 6 1 8
        22 words
      • 41 17 '000 Yen Vol (awasaki Hvy Ind ..245.00 -5.00 ***** (awasaki Kisen 398.00 -5.00 6313 Mitsubishi Hvy 375.00 -12.00 ***** i/litsuiEng&Sbldg...253.00 1.00 ***** l/litsui Osk Lines 571.00 -12.00 ***** Jippon Express 396.00 -16.00 4995 JipponYusen 393.00 -10.00 8224 iource: Thomson Reuters
        41 words
    • 318 17 Reuters MAERSK RIDES THE WAVES It will sell 250,340 B shares, or 5.7% of its share capital [COPENHAGEN] Danish shipping and oil group AP Moller-Maersk aims to tap investors for close to US$l.B billion through a share placement to boost its financial flexibility
      Reuters; FILE PHOTO  -  318 words
    • 231 17 Reuters [SINGAPORE] Maersk Line, the container shipping unit of Denmark's AP Moller-Maersk, said yesterday that an economic recovery may lead to year-on-year volume growth in the fourth quarter for the industry. The growth would be the first in a year for an industry that
      ■ Reuters  -  231 words
    • 263 17 \-AP [DALLAS] American Airlines is cutting 921 flight attendant jobs as it deals with an ongoing downturn in traffic and lower revenue. The airline said on Tuesday that the cuts will take effect on Oct 1 and reduce its flight-attendant ranks by
      \-AP  -  263 words
    • 385 17 Bloomberg [NEW YORK] Rockwell Collins Inc CEO Clayton Jones says the decline in business aircraft sales may be slowing after a slump in demand from last year. Sales of new jets may fall less rapidly after dropping 40 per cent in the six months
      Bloomberg  -  385 words
  • Page 17 Miscellaneous
    • 346 17 CRYPTIC CROSSWORD Across 1 Work to locate resistance (10) 6 One employing nameless 12 3 4 5 He 7 8 nurse appallingly (4) I 9 Do nothing on behalf of pessi- j j mistic investor (7) 7—^^ P^^ 10 Framework round hatchway opening said to be difficult I I I
      346 words

  • EDITORIAL & OPINION
    • 486 18 IT used to be said, especially in the world of industrial design, that one can have only two of these three: faster, better, or cheaper. Then NASA, the US space administration agency, picked, for better or for worse, all three as its mantra. Well, "cheaper, better
      486 words
    • 1069 18  -  ANTHONY ROWLEY A basic realignment of geopolitical relations will produce enormous benefits for East Asia WHITHER Japanese diplomacy in the wake of the Democratic Party of Japan's (DPJ) astonishing victory in last Sunday's Lower House general election? That is the question. As a "Hamlet-like"
      REUTERS  -  1,069 words
    • 787 18  -  WILLIAM PESEK JR THE BOTTOM LINE "THIS is no Obama moment." That's how Robert Ryan, a currency strategist at BNP Paribas SA, summed up this week's election triumph by Japanese opposition leader Yukio Hatoyama. It's not about spoiling celebrations over ending the Liberal Democratic
      787 words
    • 1397 19  -  NEIL RACKHAM The key to value creation is providing insight rather than information. Insight helps the customer plan for the future By GLOBAL forecasting firm Gartner has predicted global IT spending to decline up to 6 per cent this year. And of the four
      STOCK.XCHNG  -  1,397 words
    • 818 19  -  ROBERT SAMUELSON THE problem of the burgeoning US government debt is mainly political, but the adverse consequences may be economic. The trouble is that we don't know what those consequences may be, when they may occur, or even whether they will occur. Without some
      818 words
    • 229 19  -  Lee Jet Tong LETTER TO THE EDITOR WE refer to the article, "Baby steps towards vaccination" (BT, Aug 29-30). We would like to respectfully point out that the article is highly misleading and is inconsistent with the approved uses for the GSK vaccine as authorised
      229 words


  • SINGAPORE STOCKS
    • 8904 20 Transaction date: Sep 2 Hi! Low Code Com| ian] Sale Cooo) Hi: Low Bu] ?er Seller C'vr P/E Smil 16.5 3 3148 8Telecom 8 2.5 5834 A-Sonic 29.5 12 5000 ABRHIdgs 14.5 5.5 1938 AEI Corp 8 1 1100 AEM 23 7 2101 APOil 84.5 26.5 5550 ARA
      8,904 words
    • 1622 21 High Low Code Company Sale C000) High Low Buyer Seller C'vr P/E $mil 16 5 1181 s AAGrp 26 12 8538 t APStrategic 4 05 1501 s Advanced System 7.5 2 3480 t Adventus 20 8.5 3518 s Afor 12.5 2 1524 t Alantac 11 3.5 7814 t
      1,622 words
    • 423 21 52-Wk Tel h Low Code Last Sale Vol C000) Day Ih Low Last Quote Buyer Seller Div GrYld C'vr Net MCap P/E $mil iii! Coi iii! 110 100 6389 ABF SG Bond ETF 108 769 427 CIMBAsean40 100US$ US716 -12 274 149 DBS STI ETF 100 262 -5
      423 words
    • 253 21 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      253 words
    • 9416 21 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.957/ AIGIF Spore Bond Fund/ A 1.324/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.04/ APS Alpha Fund (USD)!** 0.72/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5144/ APS Komaba
      9,416 words
  • Page 20 Advertisements


  • FINANCE & COMMODITIES
    • 365 22 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Se| World Index Preliminan 766.9 -1.3 13.1 -1.4 16.3 -1.5 16.: EAFE Preliminai 740.4 -1.0 14.1 -1.3 19.6 -1.4 19.! Euro[ Preliminan 1027.4 -1.8 12.7
      365 words
    • 123 22 As at 9am Sep 2 Singapore dollars to one unit if foreign currency: Currencies Bid 't Offer Uist dollar 1.1820 1.2180 .an dollar 1.3020 1.3180 iuro 2.0410 2.0650 IZ dollar 0.9670 0.9880 iterlini ind 2.3180 2.3460 IS dollar 1.4380 1.4550 .ocal dollars to 100 units if
      123 words
    • 154 22 Sep 2 Xierniqht -monfli -months l-months Overnight mode: 1/4 JS$ 3/8 7/16 9/16 11/16 Offer 1/4 3/16 5/16 7/16 Bid 1 days I month > months 3 months d months months 12 months tAu 0.35 0.38 0.49 0.50 0.80 1.30 1.40 Offer 0.25 0.28 0.29 0.30 0.60 0.90
      154 words
    • 26 22 Sep 2 iTI Se 2573 2575 2571 ilMSCI Se 311.2 313.2 309.8 "aiwan Se 257.9 258.8 257.7 Source: MF Global (S) Pte. Ltd
      26 words
    • 21 22 Sep 2 Bid Offer 1-month 1.4439 1.4455 2-months 1.4442 1.4458 3-months 1.4444 1.4460 6-months 1.4449 1.4465 Source: OCBC
      21 words
    • 180 22 Sep 2 (UBBER Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l lots) 3ct 09 Mov09 Dec 09 lan 10 =eb 10 Vlar 10 212.0 212.5 211.5 210.9 211.0 211.0 100 100 422 697 871 581 442 536 rSR 20 (US cents/kg)
      180 words
    • 87 22 Sep 2 'eriod Issue code Maturity Yesterday's Bid Hii Day's [h Low l-Month BQ*****H 03.12.2009 -Year BY*****W 03.05.10 0.33 0.37 0.27 0.27 30VERNMENT BONDS 'eriod Issue Coupon Maturity code rate Close Bid Day's High Low !-Year NX*****H 3.625 i-Year NX*****F 3.625 '-Year N*****0S 2.875 0-Year NX*****W 2.500 5-Year
      87 words
    • 102 22 Sep 1 (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 09 1014.00 1100.00 1114.25 1011.75 Nov 09 955.50 979.50 989.00 950.75 Jan 10 959.50 981.25 990.00 954.75 Mar10 959.25 979.25 986.00 955.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 09 34.53 34.99 35.30 34.47 Oct
      102 words
    • 76 22 CRUDE OIL PRODUCTS Sep 1 origin) t/barrel Close Cham irent blend (1-Mth F) 68.82 -0.45 VTI (Near Mth) 68.26 -1.31 )ubai (1 -Mth F) 69.51 -0.42 "apis blend 75.60 -1.00 i/linas 73.00 -1.65 >RODUCT JSS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 68.55 76.25 -0.61 -0.81 USS/barrel )pec Oil Basket
      76 words
    • 447 22 Sep 2 Iuro ren ton 'eso Earn 'ouni Australia 0.916 5.659 0.583 6.422 40.646 84.010 0.768 10.339 2.934 1.230 68.484 40.514 1.197 6.523 0.884 27.267 28.190 0.514 0.829 Canada 1.092 6.179 0.636 7.011 44.374 91.715 0.838 11.287 3.203 1.343 74.765 44.229 1.306 7.121 0.966 29.768 30.775 0.561
      447 words
    • 68 22 Sep 2 mth 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 1.***** 0.***** 2 mths 1.***** 0.***** ;WAP Offer rates (S$) mth 0.***** mths 0.***** mths 0.***** 6 mths 0.***** 9mths 1.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs
      68 words
    • 147 22 Sep 2 lurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.1960 1.1975 0.8284 0.8286 "anadian dollar 1.3056 1.3074 0.9043 0.9046 iuro 2.0521 2.0545 1.4214 1.4216 IZ dollar 0.9720 0.9736 0.6733 0.6737 aterlini 2.3272 2.3302 1.6120 1.6124 IS dollar 1.4437 1.4452 >$/US$
      147 words
    • 130 22 Sep 2 /oz) ',ep_ ',ep_ Hong Kong .ondon 949.40 952.50 950.40 953.50 SepOl Aug_28 951.90 957.30 952.70 958.30 Source: Thomson Reuters CAST BAR (S$) SepO2 Buying Sellini Kilobar "47,484.46" ***** PAMP GOLD BARS (SS) Selling Buying gm jam Ogm !0gm iOgm OOgm oz ozUBS Kinebar™ 105.93 301.74 539.28
      130 words
    • 65 22 Sep 1 minimum, 99.7 jrity (USS/tonne) Co Close Previous :ash 1810.25 months 1845.00 1867.00 1899.50 Copper, Grade A (USS/tonne) ;ash months 6186.50 6200.00 6464.00 6475.00 .ead (USS/tonne) :ash 2063.00 months 2076.00 2093.75 2107.00 lickel (USS/tonne) ]ash I months *****.00 *****.00 *****.00 *****.00 'in (USS/tonne) :ash *****.00 *****.00 months
      65 words
    • 74 22 Sep 1 (£/tonne) Close Prev Hii ih/Low ,ep09 1824 1806 1839/1809 )ec09 1848 1825 1863/1829 i/lar 10 1849 1820 1862/1825 i/lay 10 1848 1815 1861/1820 lOFFEE (USS/tonne) Close Pev High/Low iep 09 1374 1373 1407/1375 Mov09 1409 1411 1436/1402 lan 10 1429 1432 1452/1422 SUGAR (US tonne) White Close
      74 words
    • 2227 22 BONDS, WARRANTS EXTENDED SETTLEMENT Pel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left Asia-Pacific Strategic W*****6 3.5 >036AdvanceSCTLtdW*****9 0.5 1 15 9 4.86 1 87 1246 13.00 56 11 Ascendas REIT.ES.0909 172 S816#AsiasonsCapitalW*****7 6.5 S756#AsiaticGrp(H)W*****2 7 2 11 H05#Asiatravel W*****7 20 >878
      2,227 words
    • 58 22 Sep 2 lelivery lonth Opening Range Sett Av Price Price Hii Low Vol Open Done Position iep 09 2360 2520 2360 2315 52 3d 09 2305 2525 2307 2250 1751 tov09 2279 2515 2280 2220 ***** )ec09 2282 2489 2282 2213 2576 Total o/p: ***** contracts Turnover: *****
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    • 297 22 Sep 2 URODOLLAR FUTURES >ep09 3ec09 VlarlO Iun10 99.6575 99.5400 99.3150 98.9500 5481 3720 2924 2677 EUROYEN TIBOR FUTURES iep09 99.470 99.470 3ec09 99.505 99.505 Vlar10 Iun10 99.530 99.530 >ep10 3ec10 Vlar11 Iun11 99.465 99.505 99.530 99.465 99.495 99.525 99.520 99.480 99.440 99.355 99.295 760 ***** 3325
      297 words

  • Page 23 Advertisements
    • 3612 23 m The Business Times Shipping Times KPB fftt-B BP jJHHH WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M M A^JB Ks%£ JMSffffiffTrarcß^ llVxVl\lAf*M MAI lllirr TEL:*****588 (14LINES) FAX:*****163 I ■C^l I rJTTT^« ■NmESi I V\^^B I WAN HAI INtj PKL TEL: {03) *****888 FAX: {03) *****288 PEN TEL: {04) *****00
      3,612 words

  • Page 24 Advertisements
    • 5366 24 F^^^^^^^^^^^^^^^^^H 11~E~\ EASTERN CAR LINER, LTD I I^^^ClDnj B^f^SSE 111—!___L—1 SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS Bjjjg BijiMllßMlillililß miS2_____tZw I »«H", I Hllinq(KT) I LCB I SIN I PKL I JKT I KUC I SURA I ITAITD DI'TINAnON PCL/PHL SERVICE AMX SERVICE Connecting ECL SERVICE via MALTA YUSHO
      5,366 words

  • BizIT
    • 476 25  -  ONG BOON KIAT By CONFIDENT that Asia Pacific will rebound strongly from the downturn, Lawson Software chief executive Harry Debes has set a bullish target for the region: 15-20 per cent ofthe company's total sales over the next 4-5 years, up from
      476 words
    • 745 25  -  Spore project part of investment in Asia-Pacific which delivered top-line growth of 40%, reports AMIT ROY CHOUDHURY BRITISH telecom giant Cable Wireless Worldwide (C&W Worldwide) has set up a business solutions lab in Singapore as part of its continuing investment in Asia, which has
      745 words
    • 165 25 [SAN FRANCISCO] Google Inc, the most-used Internet search engine, said that the disruption that cut off many users from accessing its Gmail service was caused by an overload of servers that handle Web requests. Google "slightly underestimated the load" on the request routers after the Mountain
      – Bloomberg  -  165 words
    • 210 25 [WASHINGTON] Apple, with its usual air of mystery, announced on Monday that it would hold a media event next week but did not reveal what it would be about. An invitation sent to journalists inviting them to the Sept 9 event in San
      210 words
  • Page 25 Advertisements
    • 18 25 Call 6-594 7594 now for the IT Specialists Stone Forest IT ggggg 119 SB www.StoneForestlT.com.sg Partner gjjQgy^B HJjjjgj^^
      18 words
    • 154 25 together is everyone speaking the same language. Together is getting a world full of different people, programs and companies working efficiently as one. That's where Business Together from Orange comes in. It's a suite of unified communications tools that combines things like voice, e-mail, instant messaging, collaborative workspace and conferencing
      154 words

  • PROPERTY
    • 368 26 Reuters Issue highlights need for investors, bankers to be transparent [LONDON] Almost nine out of 10 investors in non-listed real estate funds fear a breach of loan covenants by those funds as Europe's credit crisis lingers, a study by trade body INREV showed yesterday.
      – Reuters  -  368 words
    • 226 26 Reuters [LONDON] British construction activity fell at its slowest pace in 18 months in August, a survey showed yesterday, boosted by a slower decline in house-building activity and firms' optimism about the future. The Chartered Institute of Purchasing and Supply/Markit construction PMI index rose
      ■ Reuters  -  226 words
    • 498 27 Reuters Other big Australian investors likely to follow suit, say analysts [SYDNEY] Australia's sovereign wealth fund is beefing up its property portfolio through acquisitions at home and overseas, sources and local media said yesterday, leading analysts to suggest that more big investors may
      ■ Reuters; BLOOMBERG  -  498 words
    • 340 27 Reuters [NEW YORK] The level of US commercial property deals seen in the boom years of 2005 through 2007 may take a generation to return, according to a report by property services company Jones Lang LaSalle Inc. US commercial property sales in
      ■ Reuters  -  340 words
    • 499 28  -  UMA SHANKARI More than 80% of owners consent to sale at a reserve price of $1.2b By [SINGAPORE] Laguna Park, a 528-unit ex-HUDC estate in Marine Parade, has just been officially put up for collective sale. More than 80 per cent ofthe owners have
      499 words
  • Page 26 Advertisements
    • 767 26 I Prime Freehold Residential Redevelopment I Site at 145 Killiney Road \^~l^~^ l Site Area: 3,713.5 sqm 39,972 sq ft (approx) wismUna Plot Ratio: 2.8; Building Height up to 10 storeys NgeeMncity Walking distance to Orchard Road Shopping Tak-shimaya'shoppingar Belt, Orchard Central and Somerset Central gjgj developments Close Proximity to
      767 words

  • Page 27 Advertisements
    • 250 27 Ijk I i l.i /..M^— _B -----fl -_-_-__-_---l -IH_HB|V*!__H!9^H'V-r_HHV_H9Bi -.H6B J____ m\^^ j "I j __________________H I -8 lj^ _Bo^ Jf M __n___i f"' i^ ill 1 !tfc__-- _-_-b-____3i~____- 5-5 ISWy f^Zz "s*& "S--—^lw- iIBB r_-Z 7 Magazine Road #01 -01/02 Central Mall Singapore *****2 T65 6336 2286 F65 6352
      250 words

  • Page 28 Advertisements
    • 2042 28 Unrepeatable opportunity; Outstanding WA's most popular beachside suburb development site with holding income Take advantage of WA's booming Potential for 12 storey mixed use development resources sector: AUDssobn Gorgon LNG 103 m frontage onto West Coast Hwy Project, AUDs3obn Browse LNG project, Panoramic coastal views AUDs4bn Oakajee Port and Rail
      2,042 words