The Business Times, 5 September 2009

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Microfilm: NL30145
Total Pages: 49
1 49 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES weekend www.businesstimes.com.sg I SEPTEMBER 5-6, 2009 Ssl.oo I MICA (P) 124/08/2009 SCll A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article, Illustration
    Lock icon Companies reluctant to woo customers with tweet nothings
    896 1  -  Joyce Hooi Singapore outfits slow to follow Twitter example set by US companies By joyceh@sph.com.sg Singapore WHILE companies in the United States have joined one big and noisy Twitter party, the Twitter scene in Singapore looks more like an awkward secondary school
    896 words
  • Article
    Lock icon Be reasonable in exit offers, says SGX
    564 1  -  Jamie Lee Responsibility for this rests on board, independent financial advisers By leejamie@sph.com.sg Singapore AGAINST the backdrop of recent grumbling by minority investors over paltry delisting offers, the Singapore Exchange (SGX) has reminded companies that they must make exit offers that are deemed
    564 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
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      170 1 p r^ I CEOs'HAWKER GUIDE the raffles conversation fj T WEALTH r^^J^S^ Chicken rice paradise CEO OF ENERGY MARKET w Who will pay for S^^Jm L 6 7 AUTHORITY 67 fc rating funds? 30-31 CHRISTMAS DAY HEIST Ec transported $8m loot in limo AFTER stealing 366 watches from the Cortina
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        47 2 KL COMP 1,178.74 +5.08 NIKKEI 225 10,187.11 -27.53 HANG SENG 20,318.62 +556.94 SET 668.41 +2.87 JAKARTA 2,322.30 +0.05 MANILA 2,830.99 +27.68 KOSPI 1,608.90 -4.63 SHENZHEN B 500.96 +7.45 MUMBAI IND 15,689.12 +290.79 12 noon EDT Chanpe 12 noon EDT cnange DOW 9,377.40 +32.79 NASDAQ 1,997.23 +14.03
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      • Article
        Lock icon PRIME RATES
        29 2 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 15.361 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN O50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 11.75 Source:
        Bloomberg  -  29 words
      • Article
        Lock icon FOREX
        48 2 US$ 'S$ »er US$; 1.440 ;US$; /S$ lertf 1.634 2.354 EURO. ;us$/s$/i 1.427 2.056 Foreign currency per US$ S$ YEN 92.80 64.40 RM 3.527 2.448 HK$ 7.751 5.381 BAHT 34.08 23.66 RUPIAH 10,120 7,026 RENMINBI 6.831 4.742 INDIAN RUPEE 48.84 33.91 A$ 1.188 0.825 NZ$ 1.465 1.017
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    • Article, Illustration
      Lock icon Cortina thief moved loot in limo
      552 2  -  Jamie Lee Ex-supervisor pleads guilty to robbing Cortina of $7.6 m in watches; also admits to switching customers' watches, pawning them By leejamie@sph.com.sg Singapore AFTER stealing 366 watches worth about $7.6 million from the Cortina store, Jerry Ec returned home in a rented limousine
      552 words
    • Article, Illustration
      Lock icon Hatoyama has no qualms about speaking his mind
      669 3  -  Anthony Rowley Japan's PM-in-waiting appoints mentor to key post but makes it clear that he's in charge By btworld@sph.com.sg Tokyo EVEN before he is due to be formally inaugurated as Japan's new prime minister on Sept 16, Yukio Hatoyama, leader of the
      XINHUA  -  669 words
    • Article
      Lock icon Dropping your hat and losing your head
      731 4  -  Joyce Hooi SATURDAY SOAPBOX Post-Twitter, customers have dropped their guard and guess what? it's considered cool. Er, am I missing something? By joyceh@sph.com.sg 1T WOULD not be an exaggeration to say that most Twitter users would tweet at the drop of a hat
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    • Article
      Lock icon Kingfisher starts Mumbai-S'pore flights from Sept 17
      419 4  - Kingfisher starts MumbaiS'pore flights from Sept 17 Yen Sreenivasan By ven@sph.com.sg Singapore BOLLYWOOD babes in red will soon be flying into town. Vijay Mallya's Kingfisher Airlines known for its pretty stewardesses and five star-rated cabin products will start services between Mumbai and Singapore from Sept 17. India's second largest airline,
      419 words
    • Article, Illustration
      Lock icon China story still exciting: SM Goh
      374 5  -  Chuang Peck Ming By peckming@sph.com.sg Singapore SINGAPORE companies have invested US$3B billion in China as at end-2008 and the mainland remains an exciting market for Singapore despite the global recession, according to Senior Minister Goh Chok Tong. "As China's economy continues to develop and
      FILE PHOTO  -  374 words
    • Article
      Lock icon August jobless rate hits 26-year high of 9.7%
      607 5 Reuters, AFP, Bloomberg, AP LATEST US DATA But pace of job losses is at a one-year low, says Labor Department Washington THE pace of US job losses hit a one-year low last month but the unemployment rate jumped to a 26-year high
      Reuters, AFP, Bloomberg, AP  -  607 words
    • Article
      Lock icon Schoolgirl wants to be 'corrupt official'
      174 5 AFP Beijing A SK-YEAR-OLD girl has become a media darling in China on her first day of school by expressing her aspiration to become a "corrupt official" when she grows up, state media said yesterday. The young student stated her aspirations in a televised
      AFP  -  174 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 1
      59 2 NEWS LIVING Top Stories 2^5 Shopping L2-5 Raffles Conversation 6,7 Week in Review 8 Interlining LTO rrr Watches LIT Companies 9-13 v'. n Weekend With L.2 From The Desk Of .4 Letter From Abroad 18 *M Stocks Stats 23-27 Gadgets LT3 Perspective 28-29 Health L.4-T5 Wealth 30-34 Sport LI 6
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    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 2
      10 2 'B> Dropping your hat and losing your head, Page 4
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  • Page 3 Advertisements
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      179 3 You get INDEX THE NEXT WAY TO TRADE xTIOIT6 out of Trading FX with us Receive a cash bonus when you trade FX with City Index. MHHl^^^^^^^H^Sj^^H^Ej^jjSjjSjx^T^H For a limited period only, City Index will reward you with cash |jQ Qjf JjjjQjE I^SSojffl £luH for your FX trades.* The level
      179 words
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  • Page 4 Advertisements
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      161 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. If) J j& MS Diamond Studs Dmirvl n» o nflr* f> t* i i'\\ Necklace-Dia. jXt Dia
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      74 5 Located in a private club between Turns 8 (Memorial) I and 9 or the race circuit, the St Andrew's and I Esplanade Terraces offer you a place at the heart of I the race action. F&B with room stay packages are I available for interested parties. Room stays without I
      74 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Power Player
      2228 6  -  Ronnie Lim The Energy Market Authority's new head honcho shares his views on solutions for Singapore's power consumption.! By |~^^B HE Energy Market W Authority's bright, f 1 new premises off Alexandra Road, where we meet, is a cheery change from its previous office at the old Public
      JOHN HENG  -  2,228 words
    • Article
      Lock icon Raffles
      76 6 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean
      76 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK
      • Article
        Lock icon Sun sets on Japan's LDP after 54 years in power
        72 7 THE rival Democratic Party of Japan (DPJ) swept to power in Japan's landmark election last Sunday. The DPJ increased its seat count in the Lower House of Parliament from 112 to 308 while the ruling Liberal Democratic Party (LDP) saw
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      • Article
        Lock icon Another round of trimming for development charge rates
        65 7 THE government has again trimmed development charge (DC) rates for some sites though the cuts on average are smaller than those made six months ago. The changes were largely in line with market expectations. Some industry watchers felt that the continued cuts
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      • Article
        Lock icon MediaRing surges on Indian tycoon's buy
        47 7 MEDIARING'S share price surged 44.4 per cent on Monday, following news of Spice Global's purchase of a significant stake in the local Internet telephony company for about $60 million. Spice Global is chaired by the Indian telecom tycoon Bhupendra Kumar Modi.
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      • Article, Illustration
        Lock icon DBS earmarks Citi's Piyush Gupta for CEO post
        93 7 DBS Group has hired Piyush Gupta, Citigroup's former top man in Singapore, as chief executive, ending months of speculation over the identity of its new head. In-dia-born Mr Gupta, 49, will join DBS in November. He is currently Citi's CEO for South-east
        FILE PHOTO  -  93 words
      • Article
        Lock icon $100m budget for Apec meetings
        59 7 THE government has set aside a sum of just over $100 million to fund its hosting of the year-long Asia-Pacific Economic Cooperation (Apec) meetings. The planning started three years ago and things are "very much on track" despite the ongoing global economic downturn, said Koh
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      • Article
        Lock icon Bleeding stops, speedy recovery sets in
        103 7 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
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      • Article
        Lock icon Safeguards in place even if PAP loses: MM
        64 7 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 on Wednesday evening. He gave the assurance that Singapore's reserves would be protected, and that
        64 words
      • Article
        Lock icon Pfizer swallows a bitter US$2.3b pill
        80 7 US-BASED Pfizer Inc agreed on Thursday to pay a record US$2.3 billion in fines and penalties as part of a criminal and civil lawsuit over the unlawful promotion of 13 drugs. The pharmaceutical giant's subsidiary, Pharmacia Upjohn, also agreed to plead guilty to a
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      • Article
        Lock icon Writing on the cards shows big discipline
        73 7 THERE are more than 6.5 million credit cards swirling around, making it 7.8 cards for every eligible income earner in Singapore, as credit card issuers wage a desperate battle against the tide of declining plastic consumption. But MAS credit card statistics show that
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  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      345 7 CRYPTIC CROSSWORD SATURDAY with Ludwig Across R I —12 I [3—1 14-^ fe I —TT-! \s~] 14 sli P behind outside left 1 Certain detectives in action WW (a\ r S c r, 16 After fish, go into chippy 5 Covering up for Roman q producing cheers (7) **l 18
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    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 2
      89 7 NEXT WEEK Sept 7-11,2009 US DATA Sept 8 Consumer credit July Sept 9 Crude inventories 09/04 Fed's Beige Book Sept 10 Initial claims 09/05 Trade balance July Continuing claims 09/29 Sept 11 Export/import prices ex-ag Aug Mich sentiment prel Sept Wholesale inventories July Treasury Budget Aug SINGAPORE DATA Sept 7
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  • COMPANIES
    • Article, Illustration
      Lock icon Qala takeover to help M1 enter new business arena
      580 8  -  Michelle Quah Deal gives telco foothold in corporate fixed broadband market here By michquah@sph.com.sg Singapore HOMEGROWN telco Mobile One (Ml) has inked a deal to help it gain a foothold in the corporate fixed broadband market here. Ml, whose business is
      FILE PHOTO  -  580 words
    • Article
      Lock icon First Ship Lease Trust to raise funds from placement
      346 8  -  Vincent Wee By vincewee@sph.com.sg Singapore JUST days after winning some reprieve from its bankers, First Ship Lease Trust (FSLT) is now seeking to raise more funds with a 100 million unit placement exercise. The placement, to be arranged by CLSA Singapore,
      346 words
    • Article, Illustration
      Lock icon Is SPC 'red lion' logo here to stay?
      534 9 CORPORATE FOCUS Poser surfaces as PetroGhina's extended general offer closes, paving the way for SPG delisting. By Ronnie Lim ~W" ~W~ '▼"ILL Singa- pore Petro- leum Company's (SPC) "red lion" denoting the homegrown oil company's "singa"' roots and prominently displayed at its
      534 words
    • Article
      Lock icon Bid to remove IILA's 'golden share' in China Yuchai fails
      483 9  -  Lynette Khoo By lynkhoo@sph.com.sg Singapore AN attempt by some shareholders to remove Hong Leong Asia's (HLA) "golden share" rights on the board of its New York-listed unit China Yuchai was defeated yesterday at a special general meeting at Kuala Lumpur.
      483 words
    • Article, Illustration
      Lock icon Nothing new as penny stocks reign while China and US call the shots
      597 10  -  R Sivanithy STOCKS sivan@sph.com.sg Senior correspondent IT'S not often that the stock market lives up to prior expectations but this week was one such instance. An explosion in penny-stock churning, for example, always lags any push on
      597 words
    • Article
      Lock icon SIA Cargo signs MOU to move Rolls-Royce engines
      283 10  -  Yen Sreenivasan By ven@sph.com.sg Singapore SINGAPORE Airlines Cargo and British power systems giant Rolls-Royce have signed a memorandum of understanding (MOU) that gives the airline "preferred carrier status" for moving Rolls-Royce aircraft engines and components in and out of the planned Trent
      283 words
    • Article
      Lock icon TOP 20 ACTIVES
      112 10 ientinj SP 174,045 112 -2.0 -IS IFS Tech 168,179 25 3.0 13.6 .ifeBrandz 154,950 2 0.5 333 IEL Corr 70,734 5 1.5 42.9 Jan Joo 63,473 8.5 -1.5 -15.0 linotel Tech 52,997 62 -1.0 -1.6 linomem Tech 51,943 65.5 2.5 4.0 iolden 48,579 46.5 0.5 1.1 iafflesEdu
      112 words
    • Article
      Lock icon STI STOCKS
      106 10 litaLand 3.770 +0.020 ]apitaMall 1.670 -0.050 :ityDev 10.160 +0.200 ;omfortDelGro 1.650 +0.070 :osco Cori 1.250 +0.020 IBS Gn 12.820 +0.060 :&N 4.040 +0.060 jenting SP 1.120 -0.020 iolden A; ;ri 0.465 +0.005 IK Land 3.930 +0.030 IMH 27.720 +0.220 ISH 15.920 -0.320 lardine C&C 23.460 +0.200 lei Con
      106 words
    • Article
      Lock icon TOP GAINERS
      59 10 CLOSE BY CENTS UP DBXT Nift 10US$ 9750 227.5 1.6 China H 10US$ 1530 73.4 3.4 GLD 10US$ 9691 59.0 0.4 DBXT MSTaiwan 10US$ 1446 33.1 1.6 IMH 2772 31.7 0.8 DBXT FTChina25 10US$ 2835 27.4 0.7 Cii 1016 20.0 2.0 lardine C&C 2346 20.0 0.9 India Nift
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    • Article
      Lock icon TOP LOSERS
      52 10 CLOSEDOWN line; iNav 680 -120.0 -15.1 iBXT FTVietnam 10US$ 5342 -82.' -1.' ISH 1592 -46.' -2. iBXTS&P Short 10US$ 6153 -38.9 -0 IOB.ES.0909 1684 -32.0 -1.' \sia Pac Brew 1190 -10.0 -0.1 Isetan 335 -10.0 -2.' ICBCCai >.1%NCPS100 9760 -10.0 -o.iTXPO 100 1270 -10.0 -0. >el Con 762
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    • Article
      Lock icon Annica to acquire China group in RTO deal
      445 11  -  Michelle Quah $121.5 m acquisition of China New Energy will result in reverse takeover of Annica By michquah@sph.com.sg Singapore SINGAPORE-LISTED Annica Holdings formerly known as Oculus is acquiring China New Energy (CNE) under a $121.5 million reverse takeover (RTO) deal. CNE is
      445 words
    • Article, Illustration
      Lock icon PEC posts 16% fall in net profit despite 40% revenue surge
      494 11  -  Teh Shi Ning By tshining@sph.com.sg Singapore RECENTLY-LISTED PEC Ltd yesterday reported a 16 per cent fall in net profit to $20.96 million for the full year ended June 30. The fall in profit attributable to shareholders was despite a
      494 words
    • Article
      Lock icon Sinotel raising net $13.6m from placement
      443 12  -  Lynette Khoo China-based telecom service provider's new shares priced at 50.52 cents each By lynkhoo@sph.com.sg Singapore SINOTEL Technologies has proposed to issue up to 28 million new shares at a placement price of 50.52 cents apiece. The $13.58 million of estimated net proceeds will
      443 words
    • Business briefing
      • Article
        Lock icon Advance SCT units get bridging loan offer
        55 12 ADVANCE SCT said two subsidiaries, Tsing Vi Enterprises and Singapore Copper Technologies, have each received a bridging loan offer of $5 million. The four-year facilities, to meet working capital requirements, were offered under the Singapore Local Enterprise Finance Scheme and secured by a
        55 words
      • Article
        Lock icon Ramba Energy to buy Ellipse Energy shares
        100 12 RAMBA Energy has entered into an agreement with Ellipse Energy Ltd (EEL) and Ellipse Energy Pte Ltd to acquire all the shares in Singaporebased Ellipse Energy Jatirarangon Wahana Pte Ltd (EEJW) and Bermu-da-based Ellipse Energy Jatirarangon Wahana Ltd (EEW) for a total US$9.7
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      • Article
        Lock icon Wearnes Tech raises stake in MFS Tech
        78 12 WBL Corp said subsidiary Wearnes Technology (Private) Ltd has increased its stake in MFS Technology Ltd from 55.78 per cent to 77.3 per cent for a total $25.3 million in cash. Wearnes Tech will finance the acquisition from its internal cash resources. Based
        78 words
  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      23 8 JACKPOT 1,500,000. This Monday! IPLAYii ANvays play with care. Towards Community W Iresponsib^ Do not bet illegally. Purpose and Benefit B^J RCBRegNo:I9SBOO2O2G PoTIS
      23 words
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  • Page 9 Advertisements
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      653 9 w J WATS I INTHEMAnEROF IN THE MATTER OF EUROPEAN-ASIAN COMPANIES ACT, CAP SO THE COMPANIES ACT CAP 50 CONSULTING AND PATENT STETSYS PTE LTD AND UTILIZATION PRIVATE (REGISTRATION NO. *****7769 M) IN THE MATTER OF LIMITED 'IN VOLUNTARY LIQUIDATION) KING STAR INDUSTRIAL FASTENERS (Company No. *****3626 M) NOTICEISHEREBYGIVEN.hatpursuant Companyß^gXn^
      653 words
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  • Page 10 Advertisements
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      712 10 g^NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF AUTO GTI CAR RENTALS PTE LTD (In Members' Voluntary Liquidation) (Co. Reg. No. *****7690K) NOTICE OF RESOLUTION AtanExtraordinaryGeneral Meeting ofthe members of the abovenamed Company duly convened and held pursuant to Section 179(6) of the
      712 words
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  • Page 12 Advertisements
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      111 12 E^"v bL^ -^~Ha^^^ji""*■ t"~ **^fc IMiiTM^T^Vi7#Tii^H |a\ Jy^ 11 am 7pm HHi L^^si m The Resent H°te| sin sap°re HK -^^^AiS^ BSHjI Tomlinson Room (Level 2) H^^^^^fl Vjfl I Cuscaden Road, Singapore vßv^L^-. www.colliersid.com/1456 Contemporary 1-, 2- 3-bedroom apartments with balconies or terraces Metropolitan living created by collaboration of top
      111 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon The case for fair-value accounting
      835 13  -  Tay Kay Luan Value creation has changed and this has made reforms very necessary to the way we report and interpret FROM THE I DESK OF H Director, ACCA Asean and Australasia JW— ANY culprits have been singled out to take the blame for the
      835 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon More credit card safeguards
      553 14  -  Siow Li Sen Issuing banks agree to cap card members' liability at $100 for unauthorised transactions; online transactions will require second password By lisen@sph.com.sg INCREASED protection is on the way for credit card members against unauthorised charges and for card holders who make online purchases. Yesterday,
      FILE PHOTO  -  553 words
    • Article
      Lock icon PSA sells USssoom of 10-year bonds
      236 14 Bloomberg Hong Kong PSA International Pte, the ports operator owned by Temasek Holdings, raised US$5OO million by selling 10-year bonds denominated in US dollars, according to data compiled by Bloomberg. The 4.625 per cent bonds were priced to yield 140 basis points more than
      Bloomberg  -  236 words
    • Article
      Lock icon Third batch of HDB sites for upgrading
      199 14 THE Ministry of National Development (MND) and the Housing and Development Board (HDB) said yesterday that $86.1 million will be spent to upgrade the third batch of sites chosen for the Neighbourhood Renewal Programme (NRP). Thirteen sites, with about 23,000 households, have been
      199 words
    • Article
      Lock icon The next big thing: markets in Indochina
      504 15  -  Felda Chay With Cambodia, Laos and Vietnam growing rapidly, enterprising Singapore companies should 'fly there tomorrow' By feldac@sph.com.sg SINGAPORE companies should seize the opportunities offered by emerging East Asia and increase their investments in Indochina, says John Vong, an emerging markets specialist based
      504 words
    • Article, Illustration
      Lock icon THE VERY PICTURE OF CARE AND SUPPORT
      248 15  -  Yen Meng Jim (FROM left) Soo Khee Chee, director, and Koo Wen Hsin, deputy director of the National Cancer Centre Singapore (NCCS), admiring the three paintings that were auctioned off during NCCS 10th Anniversary "Gala of Hope" dinner last night to raise funds
      YEN MENG JIIN  -  248 words
    • Article
      Lock icon Demand for F1 seats revs up
      341 16 TWO more categories of Formula One (Fl) tickets have been sold out, taking the total to four as demand for seats to the 2009 Singapore Grand Prix revved up over the past three days since 1,000 seats were added. By last night, all three-day
      341 words
    • Article
      Lock icon Semicon market is recovering
      359 16  -  Ong Boon Kiat But Singapore's incomplete electronics ecosystem, insufficient engineering talent and high costs are challenges, a Midas industry survey discovers By boonkiat@sph.com.sg SINGAPORE'S semiconductor market has started to recover, according to a survey by local semicon industry association Microelectronics IC Design and System Association, or
      359 words
    • Briefing
      • Article
        Lock icon ICES and DyStar announce cooperation
        58 16 THE Institute of Chemical and Engineering Sciences (ICES), a research institute of the Agency for Science, Technology and Research (A*Star), signed a Laboratory in Research Institute (Lab-in-RI) agreement yesterday with DyStar Singapore. The DyStar research unit, with an initial team of six R&D members, will
        58 words
      • Article
        Lock icon S'pore to co-produce Korean film
        50 16 YESTERDAY, Singapore's Boku Films, Korea's Chungeorahm Films and the Media Development Authority signed a production agreement to co-produce the US$lO-million Host 2, the sequel to the highest-grossing Korean film of all time. Production work has now begun, and it is scheduled for a 2011 release.
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      • Article
        Lock icon NUS Dentistry Faculty gets bursary gifts
        73 16 COINCIDING with its 80th year, the National University of Singapore's Faculty of Dentistry received two gifts yesterday in support of bursaries. The World Dental Education Society has pledged an endowed gift of $257,000, attracting a prevailing dollar-for-dollar matching grant from the Singapore government, bringing
        73 words
      • Article
        Lock icon ISS collaborates with NTUC Learning Hub
        64 16 ISS, one of the world's largest commercial providers of faculty services, announced a collaboration with NTUC Learning Hub yesterday. Under the agreement, the Learning Hub will train up to 1,300 ISS employees locally over the next 36 months. This first-of-its-kind Integration Skills Development Programme
        64 words
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  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      122 16 1 1 -J -^l«»^T* c ggiSSsSGES AHEAD "Jggjg A decade 0f... Hie Singapore Exchange's roies have evolved and grown over the years it is the money-making machine, the Asian gateway, a regulator and an innovator. Find out more in Pulses as it celebrates its 10th birthday this year. Also, delve
      122 words
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  • LETTER FROM ABROAD WITH ASCOTT
    • Letter, Illustration
      Lock icon Where ancient history meets the future
      938 17  -  Tan Zhi Ling TIANANMEN Square, Forbidden City and the Great Wall are the only vague memories I have of Beijing, from a five-day trip there as part of a student exchange programme in my teenage years. However, Beijing as a city has always held
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  • Page 17 Advertisements
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      182 17 NOW DEFINING GLOBAL LIVING IN TOKYO SPECIAL2S™ANNIVERSARY J|-i PROMOTION J^dm- I** II Ascott invites you to celebrate its 25th anniversary with special rates and T~ f\ Wti^^l "I A promotions at our participating serviced residences in Tokyo, Japan. From the pampering 1 U^ i J^ touches for the family at
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      15 17 THE ASCOTT GROUP A Member of Capita Land Thisseries is broughttoyou by The Ascott Group
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  • WORLD
    • Article
      Lock icon Moody's, S&P lose free speech protection claim
      679 18 Reuters Investors may pursue fraud lawsuit against the two agencies: US judge New York CREDIT-RATING agencies may find it harder to argue that their opinions deserve free-speech protection after a judge rejected efforts by Moody's Investors Service and Standard Poor's to dismiss a
      Reuters  -  679 words
    • Article
      Lock icon Initial ruling on Boeing-Airbus dispute out
      269 18 AP, Reuters Geneva THE World Trade Organization says that it has handed the US and European Union its long-awai-ted initial decision of the Boeing-Airbus dispute. WTO spokesman Keith Rockwell says, "It's gone." The highly confidential ruling gives an initial decision on a US complaint
      AP, Reuters  -  269 words
    • Article, Illustration
      Lock icon Trade ministers agree to restart talks
      369 18 AP, Bloomberg New Delhi TRADE ministers scored a "breakthrough" in their efforts to inject momentum in stalled global trade talks and negotiators will resume work in 10 days in a bid to secure a deal next year, India's commerce chief said. "There has been
      AP, Bloomberg; AP  -  369 words
    • Article, Illustration
      Lock icon Consortium to issue RM10b bonds: Tenaga
      522 19  -  S Jayasankaran CIMB to be lead arranger; bonds to be raised on staggered basis and funded mostly in ringgit By in Kuala Lumpur NATIONAL utility Tenaga Nasional confirmed that the consortium building a submarine transmission line from Sarawak in Borneo to Peninsular Malaysia will
      BLOOMBERG  -  522 words
    • Article, Illustration
      Lock icon G-20 to keep stimulus for now; IMF raises GDP outlook
      670 19 Reuters, Bloomberg London THE G-20 will promise this weekend to keep economic support packages in place until recovery is certain and seek to reassure financial markets they have credible plans to withdraw the stimulus when appropriate. With finance ministers and
      Reuters, Bloomberg  -  670 words
    • Article, Illustration
      Lock icon 'Container homes': Two crises, one solution
      565 20 Bloomberg Singamas' new venture comes as it tries to offset a slump in demand for sea-cargo boxes Hong Kong TEO Siong Seng is tackling the shipping crisis and the housing crisis at the same time. The chief executive officer of Singamas Container Holdings, the
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      Lock icon Berkshire cuts Moody's stake again
      209 20 Bloomberg New York WARREN Buffett's Berkshire Hathaway Inc cut its stake in Moody's Corp by 2 per cent, the second reduction in two months, amid profit declines at the ratings firm and criticism of its reports on mortgage-backed securities. Berkshire, still the largest stockholder in
      Bloomberg  -  209 words
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      Lock icon Sprint to release HTC Android phone on Oct 11
      219 20 Bloomberg New York SPRINT Nextel Corp will release its first phone running on Google Inc's Android operating system next month, as the third-largest US wireless carrier revamps its device lineup to win back customers. The Hero phone, made by HTC Corp,
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    • Article
      Lock icon L'Oreal heiress's daughter wins ruling
      314 20 Bloomberg Paris THE daughter of Europe's richest woman, L'Oreal heiress Liliane Bettencourt, won her bid to seek a private prosecution against the man who she said manipulated her mother for nearly one billion euros (Ss2.l billion) in gifts. A criminal court near Paris said it
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      Lock icon Parents angry at Obama's planned speech to school students
      577 21 NYT Some claim the president is trying to indoctrinate their kids with socialist ideas Houston US PRESIDENT Barack Obama's plan to deliver a speech to public school students on Tuesday has sparked a revolt among conservative parents, who have accused him
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    • Article
      Lock icon Daiwa, Sumitomo in talks to end joint venture: sources
      513 21 Reuters Tokyo DAIWA Securities Group could pay around US$2 billion to exit an investment banking joint venture (JV) with Sumitomo Mitsui Financial Group (SMFG), sources said yesterday. Shares of Daiwa, Japan's No. 2 brokerage, tumbled 6 per cent amid concerns it
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  • SGX
    • Article
      Lock icon Transaction date: Sep 4
      9170 22 SZ-wks Tel ligh Low Code Company Last Sale Vol Day Last Quote C000) High Low Buyer Seller Div GrYld Net C'vr P/E M Cap Smil 6.5 3 3148 8Telecom I 2.5 5834 A-Sonic II 12 5000 ABR Hldgs 4.5 5.5 1938 AEI Corp I 1 1100
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      Lock icon SGX CATALIST
      1585 25 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 6 5 1181 s AAGrg 16 12 8538 t APStrategic 0.5 1501 s Advanced System '.5 2 3480 t Adventus >.O 8.5 3518 s Afor 2.5 2 1524 t Alantac 1 3.5 7814 t Albedo
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      Lock icon SECURITIES TRADING SCOREBOARD
      46 25 Up Down Unch 7 5 6 Up Down Unch OOP Up Down Unch 7 5 6 lulti Ind lanui FactuTTFTi .ommerce -inance .onst ;rud ;ion jerties Totel Sts" >ervices >as/ ler ;ure larr Active counters with no volume for todai are not included
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      Lock icon SECURITIES TRADING TURNOVER
      176 25 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
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      805 25 For week beginning Aug 31 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per ShrS Before ('000) After ('000) itock Siken Sakata (S) 3-Sep-09 Siken Sakata (S) 3-Sep-09 Siken Sakata (S) 3-Sep-09 Siken Sakata (S) 3-Sep-09 Vmarda Grp Ltd 3-Sep-09 Siken
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  • MARKETS
    • STOCK MARKETS
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        Lock icon Straits Times Index
        3 26
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        3 26
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
        363 26 Sep3 dy yr dy yr dy yr Index Change Change Change Change Change Change World Index Preliminai 760.7 0.1 12.2 0.0 15.3 0.2 15.3 EAFE Preliminai 731.0 -0.3 12.6 -0.2 18.1 0.0 18.1 Euroi Preliminai 1019.8 -0.1 11.9 0.0 18.6 0.1 18.6 Pacific 617.1 -0.5
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        144 26 Sep4\ :urrencies Bid >$/US$ to one unit of foreign currency: Australian dollar 1.2114 Offer 1.2133 Bid 0.8415 Offer 0.8420 :anadian dollar 1.3078 1.3094 0.9084 0.9087 iuro 2.0547 2.0570 1.4273 1.4275 IZ dollar 0.9824 0.9839 0.6824 0.6828 jterlini 2.3523 2.3550 1.6340 1.6343 IS dollar 1.4396 1.4410 >$/US$ to
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        4 26
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      • Article
        Lock icon LIFFE
        73 26 Sep [I COCOA (£/tonne) Close Prev Hi, ILow SepO9 1862 1890 1901/1861 Dec 09 1885 1910 1923/1882 MariO 1886 1910 1922/1885 May 10 1886 1912 1921/1885 COFFEE (US$/tonne) Close Pev High/Low SepO9 1405 1411 1423/1410 Nov09 1420 1426 1439/1418 Jan 10 1441 1447 1460/1440 SUGAR (US tonne) White Close
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      • Article
        Lock icon CHICAGO BOT
        98 26 Sep 3 SOYBEANS (5,000 bu min; USc/60 Ib bushels) Close Previous High/Low SepO9 982.*****9.*****8.00 969.00 Nov09 941.50 951.00 962.75 929.50 Jan 10 945.50 954.25 965.75 934.50 Mar 10 946.25 954.00 963.75 936.25 SOYBEAN/OIL (60,000 lbs; usq/lb) Close Previous High/Low SepO9 34.08 34.12 34.47 33.80 Oct09 34.25 34.30 34.64
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      • Article
        Lock icon OIL
        75 26 Sep CRUDE USS/barrel (FOB origin) Close Change Brent blend (1-Mth F) WTI (Near Mth) Dubai (1-Mth F) Tapis blend Minas 67.04 -0.65 67.94 -0.12 67.87 0.06 71.30 -1.00 70.30 0.35 PRODUCT USS/barrel (FOB Spore) Close Change ■re) Naphtha Jet Kerosene 68.65 75.60 2.20 0.90 USS/barrel Opec Oil Basket Price
        75 words
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        Lock icon METALS
        65 26 Sep 4[ loz] iep_ iep -long Kong 978.00 985.80 979.00 986.80 Sep 01 Sep 03 .ondon 951.90 983.75 952.70 984.55 Source: Thomson Reuters SILVER Selling Buying 'assbook 1 oz 23.31 23.08 Source: DOB >LATINUM/Lon (US$/oz) SepO3 Close Previous 'M Fix 1241.*****0.00 M Fix 1242.*****2.00 Source: Thomson Reuters M.ATINUM NYMEX
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        Lock icon PALM OIL
        59 26 Sep 4 lelivery fonth Opening Range Sett Price Av Price Low Vol Done Open Position Hi, SepO9 Oct09 Nov09 Dec 09 2295 2238 2218 2207 2288 2296 2285 2224 2263 2224 2197 2236 2197 2190 2226 2190 30 615 1819 9050 7349 ***** 2781 ***** Total o/p fp:
        59 words
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        Lock icon LONDON METALS
        75 26 Sep 3\ Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 3 months 1819.25 1853.00 1811.00 1846.00 Copper, Grade A ;us$/tonne) Cash 3 months 6243.00 6255.00 6158.00 6174.00 Lead (US$/tonne; Cash 3 months 2267.00 2280.00 2099.50 2115.00 Nickel ;us$; /tonne; Close Previous Cash 3 months Tin (US$/tonne; *****.00 *****.00 *****.00
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Has Obama let down voters?
      1764 27  -  Leon Hadar Critics are angry at what they consider his betrayal of a large-scale liberal agenda and are worried the nation would suffer as a result of a shift to the political centre Washington correspondent SUGGESTING that Barack Obama could become another Bill Clinton sounds
      AFP  -  1,764 words
    • Article
      Lock icon Recovery comes in all shapes & symbols
      725 27  - Recovery comes in all shapes symbols Brendan Moynihan By WHAT shape will the US economic recovery take: L, U, V, W, square root or maybe even Riemann's zeta function? Many economists and pundits, trying to explain why "it's different this time", are groping for new metaphors to explain their forecast
      725 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Picking up the tab
        1004 28  -  Genevieve Cua The big question of who is to pay for independent qualitative and quantitative ratings of funds and fund managers remains a sticking point. El INDEPENDENT qualitative and quantitative ratings of funds and fund managers would seem to be an ideal proposition to help banks
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      • Article
        Lock icon BROKERS' TAKE
        762 28  -  Jamie Lee Epure international Buy DMG Partners Securities, Sept 4 close: $0.59 STRONGER Q2 earnings from tax credit. Epure's revenue was up 26.7 per cent y-o-y to reach 303.4 million yuan (5563.9 million), on the back of higher contribution from major turnkey projects and sale of customised environmental
        762 words
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        Lock icon Quick fixes come with a price
        1139 29  -  Christopher Tan WEALTH INSIGHTS When the markets fell like a house of cards last year, many investors were looking for a fast solution CEO, Providend W E LIVE in a world where patience is no longer a virtue. We like quick fixes and fast
        STOCK.XCHNG  -  1,139 words
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        Lock icon A time to reassess
        1139 30  -  Tom Petruno LAT-WP The bulls' contention is that the market is doing its job of looking ahead. The bearish case is that the rebound in stocks and other assets is far ahead of what the economy can deliver in the near future By ""W ~"W T
        LAT-WP; REUTERS  -  1,139 words
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        Lock icon Is China worth the risk? Take 2
        1235 31  -  Teh Hooi Ling SHOW ME THE MONEY hooiling@sph.com.sg Senior correspondent IN response to my article last week, a reader wrote in and said: "Shanghai is indeed a very interesting and intriguing market to be involved in. However, there is no way foreigners like
        1,235 words
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        Lock icon Big is beautiful
        136 31 Compiled byBT HSCEI STI From Jul 1993 19,400 62,304 12.4 25,688 3.3 From Jan 1996 16,500 55,974 15.2 21,712 3.8 From Jan 2000 11,700 36,227 20.1 14,500 4.2 From Jan 2002 9,300 22,099 19.8 11,301 4.8 From Jan 2008 2,100 2,243 7.1 Average 14.9 Median 15.2 2,228
        Compiled byBT  -  136 words
    • WEALTH REAL ESTATE
      • Article, Illustration
        Lock icon CapLand to unveil 2 more home launches
        711 33  -  Uma Shankari One is on the former Gillman Heights site; the other is in Cairnhill By SINGAPORE'S largest property developer Capita Land is set to roll out two more residential launches this year the 1,040-unit The Interlace on the site of the former
        711 words
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      1119 32 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 16 RivervaleCrest Apt 17/08/2009 99 T173 645 I 550~ LANDED RobeyCres Apt 17/08/2009 999 6548 2880 440 BedokTerrace 2-Ter 14/08/2009 999 2465 1500
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  • Page 34 Miscellaneous
    • Miscellaneous
      Lock icon Page 34 Miscellaneous Column 1
      53 34 Bt^^ rvi RLJlM kit I r i%» S V7' 1 ft mmmm\\\\\\\\\\\\\\\\\m -^___________i____^__-T^____ I l AmmmtA •^^mmmmMWmtf "T« ST p^i Wbh v I HfW f''fill' BH[___r^ H M Ik 4.1.. MLJB Am I I^HH mt^ma Chicken rice paradise Car-tier's new approach Sportsmanship is lacking in sport Notably Japanese Problems afoot
      53 words
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  • BT Living
    • SHOPPING
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        Lock icon Boutique concepts
        1398 35  -  Melissa Lwee Creative marketing is the name of the game that niche retailers are playing to keep customers engaged. El WHAT does an exhibition called Wunderkammer: the Cabinet of Curiosities that features worms, oversized mushrooms and other strange paraphernalia have to do with selling books? Everything, as Kenny
        YEN MENG JIIN  -  1,398 words
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        Lock icon A tribute to horology
        707 36  -  Melissa Lwee By THREE decades ago, when The Hour Glass opened its doors in Singapore, founders Henry and Jannie Tay had a vision to redefine the luxury watch retail industry in Singapore. Back then, a mul-ti-brand watch retail store resembled present day electronic goods stores one
        YEN MENG JIIN  -  707 words
      • Article, Illustration
        Lock icon Unique selling propositions
        477 37  -  Melissa Lwee The Centrepoint makes it a point to offer shoppers edgy, interesting products. g WITH so many new malls sprouting up in Singapore, competition amongst shopping centres is stiff. Which is why The Centrepoint has made a conscious effort to keep a healthy staple of unique
        477 words
      • pick of the orchard
        • Article, Illustration
          Lock icon Silver screen style
          114 37 WITH a star-studded fanlist which includes actresses Eva Longoria and Naomi Watts and pop star Kylie Minogue, it's no wonder that Australian fashion designer Jayson Brunsdon was once dubbed "a class act" by The Sun Herald. Brunsdon, who has The Australian Designer of the Year 2007 title
          114 words
        • Article, Illustration
          Lock icon Get in step
          85 37 START off your new fall/winter wardrobe on the right foot. You can never go wrong with black, but add gold to the combination and you are guaranteed a spot in the style rankings. These peep-toe ankle boots are proof. Hardware in the form of gold micro studs
          85 words
        • Article
          Lock icon Bolt of blue
          91 37 EXUDING pure elegance, this blue patent ladies wallet is one MCM's signature accessories at 6flve barcode, located at #03-12 of lON Orchard. Priced at $599, it features a coin pouch and three card slots with a photo slot stylishly wrapped in luxurious calf leather. And while you're
          91 words
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          Lock icon Fantastic plastic
          72 37 FOR Italian home furnishing maestro Kartell, at #05-14 of The Centrepoint, plastic is the material of choice. Don't worry about the effects on Mother Earth though the material is recycleable and Kartell products are industrially-tested to ensure longevity and sustainability, hence minimising wastage. The label, which celebrates its
          72 words
        • Article, Illustration
          Lock icon Trademark ties
          101 37 ALL it takes to add class and culture to your wardrobe is a knot in your tie. TM Lewin ties are made with six-ply silk with a wool lining, and are hand-finished. They are available in slim or regular to suit every shirt's fit. This Herringbone Stripe Tie
          101 words
    • CEOS' HAWKER GUIDE
      • Article
        Lock icon chicken rice Paradise
        1411 38  -  Geoffrey Eu Audrey Phoon This week, chicken rice takes the spotlight in our tour of top hawkers. m WHEN it comes to local food, everyone's a critic especially when it comes to something like Singapore's so-called National Dish chicken rice. Whether referring to the traditional Hainanese version,
        1,411 words
      • Article, Illustration
        Lock icon "It's about the chicken."
        715 38  -  Audrey Phoon Peter See-Toh Managing director Knight Frank Shopping Centre Management By WHEN asked to pick a favourite chicken rice stall as the venue for this interview, Peter See-Toh takes three days to revert with his decision. But it's not for a lack of possibilities. "This
        JOHN HENG  -  715 words
    • DINING
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        Lock icon Notably Japanese
        1512 39  -  Cheah Ui-Hoon Jaime Ec Singaporeans love Japanese food and two restaurant groups have found business so good that they are opening one more outlet each. BT Weekend checks them out Tomo Izakaya a Esplanade 8 Raffles Avenue #01-09 Esplanade Mall Singapore S 6333 0012 THE Izakaya or the
        YEN MENG JIIN  -  1,512 words
    • ENTERTAINING
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        Lock icon Classical is still the best
        1095 40  -  Audrey Phoon guest chef The future of food lies not with the chemical but with the classic, says Raffles Grill's Denis Groison. Wjfl ADD "talented young chef to "science background" and it's quite natural to assume that the combination equals "molecular gastronomy". Which is why
        JOHN HENG  -  1,095 words
    • WATCHES
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        Lock icon Carder's new approach
        603 41  -  Chuang Peck Ming Carder's 2009 collection elevates it to the ranks of fine watchmaking. By < r HE image of a luxury jeweller may finally come unstuck as Carrier comes into its own as a fine watchmaker this year. "For the very first time, Carrier is developing
        603 words
    • WEEKEND WITH
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        Lock icon Natural progression
        732 42  -  HS^kTSml^irjWjM Melvin Tan is one of the fortunate ones who find their calling in life early on. m WEEKEND WITH MELVIN TAN ASSISTANT DIRECTOR OF HORTICULTUREWILDLIFE RESERVES MOST people have their favourite parks that they exercise at, and stick to them. But when you're Melvin Tan, assistant director
        JOHN HENG  -  732 words
    • GADGETS
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        Lock icon Small is beautiful
        958 43  -  Christopher Lim Some devices take up hardly any space, but these gizmos may do more than you might expect. I SIZE considerations for gadgets have always been the exact opposite of competitive bodybuilding. Smaller has always been better. This obsessive quest for miniaturisation has spawned some surprisingly
        958 words
    • HEALTH
      • Article, Illustration
        Lock icon Problems afoot
        817 44  -  Cheah Ui-Hoon Our bodies and feet are taking a greater pounding as we walk less on natural ground and more on hard concrete. ra FOR the longest time, women have heard that their painful feet and other bodily aches are due to the high heels they wear. But
        817 words
      • Article, Illustration
        Lock icon Put a spring in your step
        866 44  -  Melissa Lwee They may not be the epitome of fashion, but these shoes will protect your pedicured feet. i Vibram Five Fingers Remember going barefoot as a child? Now you can experience that same physical and visceral sensation by picking up a pair of
        866 words
    • SPORT
      • Article, Illustration
        Lock icon Sportsmanship is lacking in sport
        740 45  -  Lee U-Wen no holds barred leeuwen@sph.com.sg Correspondent IN any sport, there are always winners and losers. We cheer when our favourite team or player scores a victory, and similarly, we despair when they suffer an agonising defeat. On the latter, it's perfectly fine to mope.
        740 words
      • Article, Illustration
        Lock icon Cracking the Big Four
        836 45  -  John Dykes kick off with John dykes I SPENT an hour on Tuesday night listening to the sound of silence. Silence from Old Trafford, Anfield, Stamford Bridge and the Emirates Stadium. Silence from managers, CEOs, directors of football and public relations officers. The only problem was
        AP  -  836 words
    • GOLF
      • Article, Illustration
        Lock icon BACK IN THE HUNT
        1280 46  -  Justine Moss Michelle Wie's recent performance may mark a turning point in her career.^^^^^^^^^^^l By m ICHELLE Wie's Mt performance for Team USA at the recent Solheim I Cup against I Team Europe I she was undeI feated and earned 3 V 2 points for the
        AP  -  1,280 words
    • MOTORING
      • Article, Illustration
        Lock icon DISCO FEVER
        994 47  -  KLTay With its impressive all-terrain capabilities, the latest Land Rover Discovery is hot stuff. Q HE Land Rover Discovery was first developed as an alternative for drivers who wanted a Land Rover off-road vehicle without the luxury or price of the Range Rover but found the Defender overly
        994 words
      • Article, Illustration
        Lock icon Flight 911 takes off
        428 48  -  Samuel Ec Can the new Porsche GT3 outrace a jumbo jet? A few hundred lucky people will get to find out today. By: THE NEW CAR IS THE MOST SPORTING AND DYNAMIC ROAD-GOING 911 SOME car distributors book a hotel ballroom when they have a new
        428 words
      • Article, Illustration
        Lock icon Saab set for new beginning
        365 48  -  Samuel Ec THE uncertainty over Saab's future looks like it will soon be over. General Motors, which owns the Swedish marque, will conclude a deal to sell 100 per cent of the shares of Saab Automobile AB to Koenigsegg Group AB by year-end. GM and
        365 words
      • Article, Illustration
        Lock icon A DELECTABLE COUP
        534 49  -  I Samuel Ec Mercedes has for the first time come up with a coupe that is not only exciting to behold but also to drive. By T USED to be easy to dismiss a compact coupe from the three-pointed star as mundane but not anymore. The new
        534 words
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      1325 39 For Lease IQ Sentosa Cove Arrival Plaza Envisaged as the new vibrant tropical 1 marina-oriented lifestyle concept in --i&kr luxury at Sentosa Cove BL. tfjk Set to offer a fine mix of convenience, dining and retail options to support the integrated waterfront lifestyle With panoramic views of the marina and
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