The Business Times, 5 August 2010
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2010-08-05
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The Business Times
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Title Section23 2010-08-05 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, August 5,201023 words
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Article, Illustration468 2010-08-05 1 Land for high-end condo project could top RM3,000 psf [KUALA LUMPUR] Singapore property tycoon Kwek Leng Beng is in talks to sell a parcel of land in Jalan Bukit Bintang, Kuala Lumpur, which could possibly fetch a record price for a land468 words
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Article141 2010-08-05 1 ST INDEX 3,001.87 (-12.90) ST INDEX FUTURES 2,983 (-11) SIMSCI 356.15 (-1.22) SIMSCI FUTURES 353.30 (-1.80) FOREX US$ S$ US$ (S$ per US$) 1.354 (US$/S$ per 1.594 2.157 EURO (US$/S$/E) 1.320 1.786 Foreign currency per US$ S$ YEN 85.50 63.20 RM 3.168 2.341 HK$ 7.764 5.736 BAHT 32.16141 words
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Article, Illustration593 2010-08-05 1 CONRAD TAN - Dent in group’s capital adequacy measures won’t affect earnings, says DBS chief By CONRAD TAN [SINGAPORE] DBS Group has been slapped with an extra $230 million capital charge and censure by the Monetary Authority of Singapore (MAS) as a penalty for the massiveREUTERS - 593 words
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Page 1 Advertisements
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Advertisement80 2010-08-05 1 COMMENTARY A win-win solution that’s unacceptable PAGE 19 HOCK LOCK SIEW How about disclosing proprietary volume too? PAGE 7 BizIT Android jostling for smartphone market PAGE 26 OPINION iPad not the Apple of everyone’s eye PAGE 18 PROPERTY Global Orion makes first foray in residential market PAGE 30 Bullish condo80 words
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Advertisement10 2010-08-05 1 IBM recounts fateful steps that crashed DBS system, Page 410 words
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TOP STORIES
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Article580 2010-08-05 2 MAS hits DBS with $230m capital charge DBS Group has been slapped with an extra $230 million capital charge and censure by the Monetary Authority of Singapore as a penalty for the massive systems failure that crippled its banking network a month ago. The capital charge will reduce580 words
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Article, Illustration708 2010-08-05 2 LYNETTE KHOO - Most transactions expected to be at between US$50m and US$500m By LYNETTE KHOO [SINGAPORE] Merger and acquisition activity is set to grow more rapidly in the next 12 months, particularly in South-east Asia, where China has replaced the US as the largest bidder.Source: Deloitte - 708 words
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791 2010-08-05 4 CONRAD TAN - IT giant takes steps to enhance training of personnel on current procedures By CONRAD TAN [SINGAPORE] Repeated use of a wrong procedure by an IBM engineer performing a minor repair on DBS Group’s data storage system caused the massive systems failure that791 words
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Article, Illustration341 2010-08-05 4 [SINGAPORE] The inaugural Business Times Corporate Golf League teed off yesterday at the Tanah Merah Country Club (TMCC) with golfers from 26 of Singapore’s most prominent companies pitting themselves against one another on the fairways and greens of the club’s magnificent Garden Course. As341 words
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507 2010-08-05 4 NEIL BEHRMANN - By NEIL BEHRMANN STANDARD Chartered beat analysts’ forecasts with a record pre-tax profit of US$3.12 billion for the six months ended June 2010. It was up 10 per cent from US$2.84 billion in the same period in 2009 and by 35 per cent507 words
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417 2010-08-05 4 CHEW XIANG - But analysts say central banks could curb further gains By CHEW XIANG [SINGAPORE] Weakness in the US dollar and relatively buoyant Asian economies have sent regional currencies soaring this week, with the yen, Singapore dollar and rupiah all hitting multimonth peaks. But analysts warn417 words
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286 2010-08-05 4 Bloomberg [NEW YORK] The yen touched an eight-month high against the dollar on speculation growth in the world’s biggest economy is slowing and the Federal Reserve may signal additional stimulus measures at next week’s policy meeting. Japan’s currency was mixed versus mostBloomberg - 286 words
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474 2010-08-05 4 LYNETTE KHOO - By LYNETTE KHOO [SINGAPORE] Temasek Holdings has emerged as one of the top 10 acquirers in the Greater China region, after sewing up six deals worth US$1.47 billion since 2005. According to a market report on mergers and acquisitions (M&As) commissioned474 words
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Advertisement358 2010-08-05 2 IBDO BDO ASIA PACIFIC REGIONAL TAX CONFERENCE 2010 WHO SHOULD ATTEND? CEOs CFOs Financial Controllers Bankers Investors Accountants Consultants Tax Professionals As companies expand their operations into newer markets and territories, tax planning and compliance becomes critical. Thailand has regulations and restrictions regarding foreign investment, while China has introduced new358 words
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Advertisement11 2010-08-05 2 Temasek among top 10 M&A acquirers in Greater China, Page 411 words
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Page 3 Advertisements
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Advertisement145 2010-08-05 3 RICHARD IVIILLE A RACING MACHINE ON THE WRIST A far rr t o <LU CC CO CO 3 o Q_ Ld => o < u u z < cr o Li_ cr LU Q_ < .4V J J m n r 7 4 TOURBILLON RM 027 RAFAEL NADAL Titanium baseplate145 words
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Page 5 Advertisements
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Advertisement4786 2010-08-05 5 EASTERN ASIA TECHNOLOGY LIMITED DJR INTERNATIONAL LTD. (Incorporated in the Republic of Singapore) (Incorporated in the British Virgin Islands) Company Registration Number *****8484D BVI Company Number *****5 JOINT ANNOUNCEMENT PROPOSED VOLUNTARY DELISTING OF EASTERN ASIA TECHNOLOGY LIMITED 1. INTRODUCTION Eastern Asia Technology Limited (the “Company”) and DJR International Ltd. (“DJR”4,786 words
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COMPANY NEWS
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Article, Illustration659 2010-08-05 6 UMA SHANKARI - It is setting up new unit to build affordable homes in China and Vietnam By UMA SHANKARI CAPITALAND, which yesterday reported a se-cond-quarter net profit of $476.1 million, said that it will set up a new business unit to build “affordable” homesFILE PHOTO - 659 words
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715 2010-08-05 6 LYNETTE KHOO - Tough convincing investors of S-chip outperformance NEWS ANALYSIS By LYNETTE KHOO “S-CHIPS with a market cap of under US$1 billion tend to trade at higher valuations compared with their Hong Kong counterparts.” Says who? The words of reckoning came from an expected715 words
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Article92 2010-08-05 6 Reuters [HONG KONG] Stats ChipPAC Ltd plans to issue a US$600 million, five-year bond at 7.50 to 7.75 per cent. The company held a series of meetings with investors in Hong Kong, Singapore, London and the United States this week ahead of the issue. CreditReuters - 92 words
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Article267 2010-08-05 6 Pictet-Absl Rtn Glo Cons-P EUR 30.07.2010 EUR 98,08 Pictet-Absl Rtn Glo Div-P EUR 30.07.2010 EUR 108,05 Pictet-Asian Equities Ex Japan-P USD 30.07.2010 USD 161,49 Pictet-Asian Local Currency Debt-P USD 30.07.2010 USD 132,40 Pictet-Biotech-P USD 30.07.2010 USD 253,36 Pictet-CHF Liquidity-P 30.07.2010 CHF 124,12 Pictet-Clean Energy-P USD 30.07.2010 USD 76,17267 words
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403 2010-08-05 7 LYNETTE KHOO - Consortium of investors proposes to acquire 51% stake for $7m By LYNETTE KHOO SIGNS of progress at beleaguered Sino-Environment Technology Group on a potential restructuring are showing up. The company’s judicial managers announced yesterday that they have entered into a non-binding memorandum of understanding (MOU) with403 words
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Article, Illustration525 2010-08-05 7 Reuters [SYDNEY] Macquarie Group continues to expand its investment banking operations globally and expects its smaller lending and funds business to mitigate the negative earnings impact of weak markets, its chief executive said. Macquarie, which has migrated to a conventional investment banking model,Reuters - 525 words
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535 2010-08-05 7 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY STOCKMARKET disclosure may sometimes be seen as presenting investors with a doubleedged sword. If, for instance, only part of a particular story is revealed, it can be argued that this gives a misleading picture to investors whose interests535 words
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463 2010-08-05 7 US$400m deal over Queensland project to involve cash and shares Reuters [MELBOURNE] Australia’s Gloucester Coal has agreed to buy key coal assets from its main shareholder, Hong Kong-based Noble Group, for US$400 million in cash and heavily discounted shares, the latest deal in Australia’s hottestReuters - 463 words
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Article267 2010-08-05 8 glance Three months ended June 2010 Six months ended June 2010 NET PROFIT (S$m) TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 CapitaLand 591.45 -114.07 nm 1,561.18 1,078.15 44.8 476.06 -156.92 nm 873.86 591.14 47.8267 words
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210 2010-08-05 8 The US$1.1b is for acquisition of CSR’s sugar business Reuters [SINGAPORE] Wilmar, the world’s largest palm oil firm, has mandated ANZ, HSBC and Rabobank to help it raise US$1.1 billion to finance its acquisition of CSR’s sugar business, Basis Point reported, citing banking sources.Reuters - 210 words
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COMPANY BRIEFS
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83 2010-08-05 8 EASTERN Asia Technology Ltd executive chairman, CEO and major shareholder Liou Jenq Lin has offered to buy out the firm’s other shareholders at 13.8 cents per share and take the company private. At that price, it would cost him some $43.6 million to83 words
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71 2010-08-05 8 CHIP Eng Seng Corporation said TTJ Design and Engineering Pte Ltd has issued a writ of summons against its subsidiary Chip Eng Seng Contractors (1988) Pte Ltd (CES Contractors). TTJ Design is claiming payment for variations and additional works carried out as a result71 words
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44 2010-08-05 8 GOLDTRON Ltd said that its subsidiary, Goldtron Management Services Pte Ltd, has sold its apartment at Wing On Life Garden for $5.2 million, netting it a gain of $1.20 million. The net book value of the property is S$4 million.44 words
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Article68 2010-08-05 8 COSCO Corporation (Singapore) Ltd said that one of its units has secured contracts valued over US$70 million to build two bulk carriers of 92,500 dwt each. The contracts are effective following receipt of the initial deposits from the Hong Kong ship owner. The vessels, which68 words
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53 2010-08-05 8 COURAGE Marine Group said a unit has entered into a memorandum of agreement on Aug 2, 2010 to sell MV Jeannie III for demolition for US$2.60 million to Maritime Delivery Inc. The sale will result in a net gain of about US$500,000 for the53 words
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57 2010-08-05 8 AZTECH Group subsidiary Aztech Technologies Pte Ltd has been awarded a $2 million contract by Aljunied Town Council to supply and install LED lighting for public housing estates. Earlier this year, Aztech was awarded a contract by Jurong Town Council to supply and install57 words
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Article, Illustration571 2010-08-05 8 EMILYN YAP - Gateway Distriparks sale pushes profit to $29.8m as revenue rises 1% to $115.5m By EMILYN YAP THAKRAL Corporation yesterday posted improved second quarter results, boosted by a one-off gain from the sale of a stake in a logistics firm. The571 words
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Page 6 Advertisements
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Advertisement21 2010-08-05 6 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.21 words
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Page 7 Advertisements
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Advertisement493 2010-08-05 7 BUSINESS LEADERS INITIATIVE BUSINESS LEADERS FORUM 2010 25 AUG 2010 GEAR UP FOR GROWTH f WP "Pk eng. The Business Leaders Forum with the theme "Gear up for Growth" focuses on business growth strategies and thought leadership for enterprises like yours to successfully bring your business to the next level.493 words
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Page 8 Advertisements
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Advertisement225 2010-08-05 8 NANYANG University of California TECHNOLOGICAL UNIVERSITY Berkeley Nanyang Business School Haas Sch o1 of Business A strategic fusion of East and West business wisdom. Be a part of this distinguished class. Enlightening. Engaging. And insightful teachings to meet the business challenges ahead. The programme has opened my mind to innovative225 words
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Advertisement115 2010-08-05 8 Looking for a Payroll Partner who... Understands your needs concerns Provides dedicated holistic support saw Gives you peace of mind Is technically competent At PayrollServe, we manage the Payroll outsourcing HR administration of hundreds of MNCs and SMEs in Asia. We also provide user-friendly payroll systems PayDay! and eACCPAY, that115 words
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Advertisement23 2010-08-05 8 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS NOTICES23 words
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Page 8 Miscellaneous
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Miscellaneous31 2010-08-05 8 c i/v/V JACKPOT n CO CO TODAY RCB Reg No: *****0202G Sales close at 6pm Draw at 6.30pm at PoINo For details, visit www.singaporepoois.com.sg Towards Community Purpose and Benefit SINGAPORE m31 words
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SINGAPORE MARKETS
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Article, Illustration572 2010-08-05 9 R SIVANITHY - Mixed finish sees index lose 12.9 points while scoreboard posts 209 rises to 158 falls STOCKS R SIVANITHY Senior Correspondent WE’VE successfully called how Wall Street would move on Monday and Tuesday, but trying to get it right for a third day in aSource: Bloomberg - 572 words
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Article66 2010-08-05 9 Aug 4 VALUE CLOSE BT OB/OS 316.00 +115.0 BT CADI -*****.00 +47.0 BT 10-day MA -*****.00 +31.00 FTSE ST Mid Cap 739.54 -1.38 FTSE ST Small Cap 549.38 +0.61 FTSE ST All Share 741.55 -2.66 FTSE ST China Top 273.93 +0.15 FTSE ST China 300.83 -0.66 FTSE66 words
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Article57 2010-08-05 9 VOLUME LeaderEnv 100,600,000 *Genting HK US$ 82,178,000 BerlianLaju 69,529,000 Informatics 66,185,000 Genting SP 60,957,000 Kreuz 59,568,000 Golden Agri 56,508,000 Jade Tech 48,917,000 Rowsley 43,007,000 Baker Tech 41,972,000 VALUE($) CapitaLand 116,434,560 DBS Grp 88,877,800 Genting SP 76,957,840 SingTel 51,985,387 Noble Grp 47,067,085 SIA 44,187,323 Keppel Corp 39,450,990 UOB57 words
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Article196 2010-08-05 9 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 9 3 0 0 0 5 9 3 Manufacturing 64 39 75 9 2 13 73 41 88 Commerce 19 19 22 5 2 4 24 21 26 Tpt/Stor/Comms 17 10 17196 words
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Article123 2010-08-05 9 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,266 24,266 68,000 68,000 Manufacturing 335,904 94,255 430,159 213,858 5,201 219,059 Commerce 98,668 9,661 108,329 115,850 2,959 118,810 Tpt/Stor/Comms 155,076 96 155,172 190,889 14 190,903 Finance 19,993 10 20,003 184,613 1 184,614 Construction 13,307 22,950123 words
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Article112 2010-08-05 9 Stock name Close Change CapMallsAsia 2.110 -0.050 CapitaLand 4.080 +0.020 CapitaMall 1.980 +0.010 CityDev 12.480 -0.120 ComfortDelGro 1.590 +0.010 DBS Grp 14.500 -0.040 F&N 5.660 +0.130 Genting SP 1.270 +0.020 Golden Agri 0.585 HK Land 5.370 -0.040 JMH 40.280 -0.800 JSH 23.940 -0.360 Jardine C&C 33.740112 words
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Article, Illustration480 2010-08-05 9 CURRENCIES Reuters [NEW YORK] The dollar neared a 15-year low against the yen yesterday on fears that the Federal Reserve could embrace more monetary easing to jolt a faltering recovery but it recouped its losses on better-than-ex-pected US jobs data. Data showing US privateReuters; REUTERS - 480 words
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Article111 2010-08-05 9 BY CENTS CLOSE UP DBXT iBoxxKR 5US$ ***** 803.6 5.4 DBXT USDIGInfl 5US$ ***** 248.9 0.8 GLD 10US$ ***** 147.5 0.9 UOB 5.05%NCPS 100 ***** 30.0 0.3 DBXT SPASX200 10US$ 2938 24.4 0.6 DBXT S&P Short 10US$ 5197 21.7 0.3 OmegaNav 290 20.0 7.4 DBXT FTChina25 10US$ 3063 18.9111 words
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Article120 2010-08-05 9 BY CENTS CLOSE DOWN JMH 4028-108.2 -1.9 Jardine C&C 3374 -62.0 -1.8 STXPO 100 1340 -54.0 -3.9 JSH 2394 -48.7 -1.5 DBXT Nifty 10US$ ***** -29.8 -0.2 Keppel Corp 911 -22.0 -2.4 CIMBAsean40 100US$ 898 -20.3 -1.6 Lyxor Europe 10 US$ 1218 -16.2 -1.0 CityDev 1248 -12.0 -1.0 OCBC120 words
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Article88 2010-08-05 9 Where S$ stands Aug 4 CHNG YR 2010 CLOSE FR Aug 3 S$ LOW S$ HIGH US$ 1.3535 -0.21 1.4219 1.3506 Euro 1.7874 -0.04 2.0153 1.6886 Pounds 2.1540 -0.19 2.2831 2.0003 A$ 1.2347 -0.31 1.2960 1.1515 Yen* 1.5845 -0.94 1.5951 1.4467 Rupiah* 0.***** -0.14 0.***** 0.***** Baht* 4.2080 -0.2588 words
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Page 9 Advertisements
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Advertisement291 2010-08-05 9 It's about time. Euro-US Dollar Futures trading in your time zone. SMX introduces Singapore's first Euro-US Dollar Futures. Singapore Mercantile Exchange, a uniquely pan-Asian commodity and currency derivatives exchange, has added Euro-US Dollar Futures contract to its growing portfolio. You can now take full advantage of market opportunities and gain291 words
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SINGAPORE NEWS
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579 2010-08-05 10 EMILYN YAP - Project completion period cut to 5 years to make supply keep up with demand By EMILYN YAP THE government is cutting the amount of time that developers have to build private residential projects on state land by a year, to ensure that579 words
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367 2010-08-05 10 UMA SHANKARI - By UMA SHANKARI SINGAPORE remains the third most expensive office location in the Asia-Pacific region after top-placed Tokyo and second-placed Hong Kong, says Colliers International. Sydney, Mumbai, Perth, Brisbane, Ho Chi Minh City, Delhi and Shanghai round out the list of the367 words
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330 2010-08-05 10 NISHA RAMCHANDANI - By NISHA RAMCHANDANI JUST two months after it was launched, Suntec International has landed its first client, the Vancouver Convention Centre (VCC). An international offshoot of Suntec Singapore, Suntec International caters to global players in the meetings, incentives, conventions exhibitions (MICE) industry offering330 words
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163 2010-08-05 10 CERTIFICATE of Entitlement (COE) premiums were mixed at yesterday’s close of this month’s first tender. The Category A premium, for cars up to 1,600cc and taxis, saw the biggest drop. It fell $4,058 from the last round of bidding163 words
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Article, Illustration293 2010-08-05 10 KEPPEL Corporation and the Ministry of Information, Communications and the Arts (Mica) yesterday announced several changes to the current Keppel Nights ticket incentive scheme, which was introduced in 2008 by Keppel and Mica’s Arts and Culture Development Office (ACDO). The old scheme lets people293 words
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229 2010-08-05 10 It will focus on encouraging social etiquette online THE Singapore government has launched a second call for proposals promoting cyber wellness in the aspects of mobile communication and social networking. The call from the Inter- Ministry Cyber Wellness Steering Committee (ICSC) will award seed229 words
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Article, Illustration315 2010-08-05 10 Jointly brought to you by The Business Times and Singapore’s reputation as an island nation of marvels precedes it. The sophistication of its markets, the robustness of its regulatory framework, the soundness of its financial systems, and the work ethos of its population are among the many315 words
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160 2010-08-05 10 SINGAPORE Press Holdings (SPH) and the SPH Foundation yesterday handed out a total of $400,000 to 20 charities. SPH is donating $200,000 to 10 organisations serving the elderly, while the SPH Foundation is donating $200,000 to 10 organisations supporting children. Each160 words
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SINGAPORE INTERNATIONAL
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599 2010-08-05 11 CHUANG PECK MING - Its advisory centre and iadvisory portal prove popular with companies venturing abroad, reports CHUANG PECK MING CHUANG PECK MING GOING by the number of users, International Enterprise Singapore’s Advisory Centre and iadvisory portal appear to be popular with Singapore companies especially small and mid-sized599 words
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Article, Illustration467 2010-08-05 11 CHUANG PECK MING - Altus gets business savvy tips from Advisory Centre By CHUANG PECK MING BETWEEN external consultants and International Enterprise Singapore’s Advisory Centre and iadvisory portal, Altus Logistics picks the latter. “The best thing about partnering with IE Singapore is that they have successfully helped other companies467 words
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Article, Illustration501 2010-08-05 11 CHUANG PECK MING - By CHUANG PECK MING MICRO2000 had been trying in vain for a year to set up shop in Vietnam before it stumbled on International Enterprise (IE) Singapore’s Advisory Centre and iadvisory portal in mid-2009. “We were seeking help all over the place501 words
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345 2010-08-05 11 International Enterprise Singapore RSM International is the exclusive Global Tax and Market Setup Partner for IE Singapore’s iadvisory portal. In May 2006, International Enterprise Singapore (IE Singapore) and RSM International signed a memorandum of understanding to help Singapore-based companies expandInternational Enterprise Singapore - 345 words
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Page 11 Advertisements
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Advertisement200 2010-08-05 11 Singapore International a fortnightly series brought to you by IE Singapore and The Business Times Seminar Series: Exporters' Seminar Innovating the way you export IE Singapore's Exporter's Seminar returns for the third year. Themed Innovating the Way you Export, this year's seminar will encourage exporters to rethink the way they200 words
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ECONOMY WATCH
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Article, Illustration810 2010-08-05 12 European allies say its export-driven recovery comes at their expense NYT [FRANKFURT] Norbert Reithofer, chief executive of BMW, often boasted that he was among the first to start trimming jobs in 2007 when he saw a downturn coming in the automobile industry. On Tuesday,NYT - 810 words
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615 2010-08-05 12 But high debt levels continue to inhibit consumer spending NYT [NEW YORK] American consumers have been salting away more of their paychecks than initially reported. A new government report released on Tuesday showed that consumers saved 6.4 per cent of their after-tax income inNYT - 615 words
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Article, Illustration571 2010-08-05 12 Bloomberg [SYDNEY] Australia’s trade surplus unexpectedly reached a record in June as Chinese demand spurred exports of coal and iron ore, while imports stagnated amid a slowdown in domestic spending. The excess of exports over imports reached A$3.54 billion (S$4.38 billion), almostBloomberg; REUTERS - 571 words
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698 2010-08-05 12 AFP [TOKYO] Consumer gluttony, astronomic real-estate prices and jobs for life were once normal in Japan but today the country also has millions of poor people desperately struggling to make ends meet. Two decades after Japan’s wealth bubble popped, its citizens have gotAFP - 698 words
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640 2010-08-05 12 Bloomberg [ZURICH] The Swiss central bank may have saved its economy by embracing Chinese-style currency policy. Facing a franc surge that threatened to derail the economy, the Swiss National Bank (SNB) has quadrupled its foreign exchange holdings since March 2009 to slowBloomberg - 640 words
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MALAYSIA/INDONESIA
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Article, Illustration605 2010-08-05 13 Indonesia has drafted rules for a 2-year ban on forest clearing permits Reuters [JAKARTA] Several coal and mining projects in Indonesia with a combined value of US$14 billion may face delays as a forest moratorium could make it harder for them to obtainReuters; AP - 605 words
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278 2010-08-05 13 Bloomberg [NEW YORK] Genting New York LLC, a unit of Asian casino group Genting Malaysia Bhd, was recommended to redevelop Aqueduct Racetrack and operate New York City’s first slot machinestyle “racino”, lottery officials said. Genting’s lone bid, including a US$380Bloomberg - 278 words
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427 2010-08-05 13 Reuters [JAKARTA] The world’s biggest steelmaker Arcelor Mittal is considering an investment worth US$5 billion in Indonesia and South Korean rival POSCO is looking at buying coal and iron ore mines, officials said yesterday. South Korea’s Hankook Tire is also lining up a possibleReuters - 427 words
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Article, Illustration764 2010-08-05 13 Over the last several months, Carlton Hotel has been undergoing a transformation BT ADVERTORIAL WALKING along Bras Basah Road, something different is visible. The familiar, classically patterned sign of the Carlton Hotel has a new look new lettering, a new layout and764 words
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GREATER CHINA
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Article, Illustration851 2010-08-05 14 The People’s Bank of China has refrained from sterilising some of the ‘hot money’ that has rushed in Reuters [SHANGHAI] China’s central bank appears to have gently loosened its grip on liquidity this month by leaving some capital inflows in the banking system, helpingReuters; AP - 851 words
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384 2010-08-05 14 AFP [BEIJING] The head of the company that owns global ratings giant Standard Poor’s (S&P) has hit back at accusations by a new Chinese credit agency that its Western counterparts caused the financial crisis. In an interview with The Financial Times, HaroldAFP - 384 words
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316 2010-08-05 14 Reuters [BEIJING] China is considering introducing new foreign exchange instruments to meet domestic market demand and complement currency reforms launched in June, the State Administration of Foreign Exchange (SAFE) said yesterday. In a statement on its website laying out its work programmeReuters - 316 words
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237 2010-08-05 14 Reuters [BEIJING] China’s economy will cool further this quarter as fiscal pump-priming starts to fade and the restocking cycle draws to a close, a government think-tank said yesterday. Annual gross domestic product (GDP) growth will slow to 9.2 per cent from 10.3Reuters - 237 words
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Article, Illustration463 2010-08-05 14 Reuters [BEIJING] Iran’s oil minister will meet officials from state-run Zhuhai Zhenrong Corp, the world’s top lifter of Iranian crude by company, during this week’s visit to China, which imported a third less oil from the Opec producer in the first half, ChineseReuters; REUTERS - 463 words
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451 2010-08-05 14 Court orders stop to building activity in two high-tech zones AFP [TAIPEI] A Taiwanese court decision halting construction of two high-tech zones on environmental grounds has set off a wave of complaints from businesses increasingly under pressure from Chinese competition. The dispute comesAFP - 451 words
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INDIA
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Article, Illustration423 2010-08-05 15 AP AFP [NEW DELHI] The dire buildup to the Commonwealth Games in New Delhi has deteriorated further, with the organising committee urged to fire two senior officials amid a brewing corruption scandal just two months before the opening ceremonies. Commonwealth Games organising committee chairmanAP; AFP - 423 words
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Article98 2010-08-05 15 Reuters [BANGALORE] India’s surging services industry expanded for the 15th month in July, but at a slower pace than the two-year peak in June, with only growth in input prices picking up speed, a survey showed yesterday. The HSBC Markit Business Activity Index, based on a surveyReuters - 98 words
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525 2010-08-05 15 Half-brother Noel in the running for job as chairman of the group: reports AFP [NEW DELHI] For years, one of the biggest guessing games in Indian corporate circles has been who will take over the Tata Group, the nation’s oldest business house,AFP - 525 words
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Page 15 Advertisements
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Advertisement335 2010-08-05 15 WATS V NOTICES INTHEMATEROF THE OMPANIES CHAPTER50 NEGUSSINGAPOREPTE CCoo..RReegg..No *****2782 MEMBERS NTAR LIQUIDATION AAtt anEx aordinar ener eeting fo f of the ompan held on the 29th da July 2010,the ollowingspecial rreesolutionwasdulypassed: “TThat the ompan be und up vvooluntarily and that Mr ngChing Chao tified ublic ountant c/o 10 Anson335 words
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Advertisement1197 2010-08-05 15 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. LEE METAL GROUP LTD (Company Registration Number *****5439C) (Incorporated in the Republic of Singapore) NOTICE OF EXPIRY OF WARRANTS LEEMETAL W*****0 (GL4W) TO ALL HOLDERS OF WARRANTS TO SUBSCRIBE FOR NEW ORDINARY SHARES IN THE CAPITAL OF LEE METAL GROUP LTD (THE “COMPANY”)1,197 words
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Advertisement1582 2010-08-05 15 T^BTERRA Bringing you the earth resources ABTERRA LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: *****3007C) NOTICE OF EXTRAORDINARY GENERAL MEETINGS NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of Abterra Ltd. (the "Company") will be held at 7 Temasek Boulevard, #11-05, Suntec Tower1,582 words
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ASIA-PACIFIC/WORLD
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Article, Illustration673 2010-08-05 16 The firm now expects to sell 7.38m vehicles worldwide for the year through March 2011 AP [TOKYO] Toyota reported a quarterly profit of US$2.2 billion, rebounding from a loss a year earlier as the carmaker benefited from a global sales recovery that offset lingering doubtsAP; REUTERS - 673 words
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373 2010-08-05 16 LATEST US DATA Bloomberg [WASHINGTON] Service industries expanded in July at a faster pace than forecast, easing concern US economic growth will slacken in the second half of the year. The Institute for Supply Management’s (ISM) index of non-manufacturing businesses, which coversBloomberg - 373 words
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540 2010-08-05 16 Prices of exchangetraded commodities have stalled in 2010 Bloomberg [TOKYO] Nomura Holdings plans to boost commodity trading in Asia, betting China will lead a global revival in demand for iron ore, coal and metals. “We’ll significantly expand our commodities presenceBloomberg - 540 words
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Article, Illustration573 2010-08-05 16 Bloomberg AFP [HOUSTON] BP Plc has controlled the pressure in the damaged Gulf of Mexico oil well with drilling mud, moving a step closer to permanently sealing the source of the world’s worst accidental oil spill. The well “appears to have reached a staticBloomberg; AFP; AP - 573 words
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378 2010-08-05 16 Reuters [LONDON] Britain’s food watchdog said it had found that meat from the offspring of a cloned cow had entered the UK food chain and had been eaten, stirring controversy over whether such products are ethical. The Food Standards Agency (FSA)Reuters - 378 words
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Page 16 Advertisements
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Advertisement33 2010-08-05 16 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY NATIONAL DAY SPECIAL INDIAN CONTRIBUTION TO NATION BUILDING YOG: INDIAN IMPACT f 9 1 T. GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST33 words
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WORLD
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Article, Illustration636 2010-08-05 17 Barnes Noble mulls sale of chain bookstore Board believes stock is undervalued; sets up committee to review its options NYT [NEW YORK] In what might be the latest sign of trouble for brick-and-mortar bookstores, the mega-chain Barnes Noble announced on Tuesday that its board was considering a sale of theNYT; AFP - 636 words
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Article, Illustration870 2010-08-05 17 Bloomberg [MOSCOW] Prime Minister Vladimir Putin’s plan to make Russia a global supplier of natural gas is being undermined by Gazprom’s project delays as Australia wins China contracts and US supply surges. Gazprom has put off investment decisions for liquefied natural gasBloomberg; AP - 870 words
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292 2010-08-05 17 Reuters [LOS ANGELES] Nobody would argue that 2010 has been an up-and-down year for Sandra Bullock, given her best actress Oscar for The Blind Side followed by her divorce from scandal-plagued husband Jesse James. But on Tuesday, Bullock landed atop Hollywood’s heap again when financialReuters - 292 words
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707 2010-08-05 17 EPA to regulate greenhouse gases as Congress sits back LATWP [WASHINGTON] The Obama administration told Congress to find a way to regulate greenhouse gases or else. Last month, Congress refused. Democratic leaders in the Senate declined to take up climate legislation before theirLATWP - 707 words
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376 2010-08-05 17 Bloomberg [NEW YORK] Facebook Inc’s biggest advertisers have boosted spending by at least 10-fold in the past year as the social network crossed the half-billion user mark, becoming more alluring to marketers that want to reach a broad online audience. Some advertisers haveBloomberg - 376 words
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Page 17 Advertisements
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Advertisement163 2010-08-05 17 Clariden Global Proudly Presents the World's Highly Influential Faculties to Singapore Aligning Culture, Leadership and Talent Management Program Professor Michael McGrath 13 14 September, Shangri-La Hotel University of Michigan, Director of the Senior Executive Program Leading influential faculty member at University of Michigan 25 years of experience as a strategy163 words
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EDITORIAL & OPINION
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447 2010-08-05 18 EDITORIAL THE numbers released by the Singapore Economic Development Board (EDB) show that growth in the electronics sector is back to pre-recession levels. They also show that restructuring in the sector is progressing well, as it moves from low-paying, assembly-line work to higherend jobs.447 words
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Article, Illustration792 2010-08-05 18 AL LABITA - THE BOTTOM LINE AL LABITA The writer is a Manila-based contributor to BT MALAYSIA’S role as a broker of the on-off peace talks between Manila and a separatist Moro rebel group appears to be in limbo. Not that KL is backing out,792 words
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Article, Illustration872 2010-08-05 18 ROBERT CYRAN - iPad not the Apple of everyone’s eye iPad spells huge gains for Apple and its suppliers, to the detriment of many other firms fcS REUTERS BREAKINGVIEWS By ROBERT CYRAN APPLE sold 3.3 million iPads last quarter. That’s one of the best starts ever for a consumer electronic device. The companyREUTERS - 872 words
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Article, Illustration1195 2010-08-05 19 ANTHONY ROWLEY - Japan’s ageing population urgently needs more caregivers, which other Asian countries can provide but prejudice rules ANTHONY ROWLEY Tokyo Correspondent WHEN only three out of some 250 people taking a written examination are awarded a pass mark, it might be concluded either that they areAP - 1,195 words
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Article, Illustration1234 2010-08-05 19 ANNE NIVAT - By ANNE NIVAT The writer is a freelance reporter who has travelled across Russia, Iraq and Afghanistan. Her latest book published in English is “The Wake of War: Encounters with the People of Iraq and Afghanistan” IHT OVER the last seven years, as aIHT - 1,234 words
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AVIATION
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Article, Illustration661 2010-08-05 20 Carrier to boost its fleet by more than a third; H1 earnings soar to HK$6.8b Reuters [HONG KONG] Hong Kong’s dominant air carrier Cathay Pacific Airways is heading for a record year, with plans to boost its fleet by moreReuters - 661 words
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Article, Illustration508 2010-08-05 20 Move comes after it fails to reach accord with labour unions Bloomberg [NEW YORK] Compania Mexicana de Aviacion, Mexico’s biggest airline by passengers, filed for protection from creditors in Mexico and the US after its executives said they had failed to reach cost-saving agreements with labourBloomberg; AFP - 508 words
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406 2010-08-05 20 Reuters [BANGKOK] State-control-led Thai Airways International has proposed a 20 billion baht (S$840.5 million) rights offering to pay off debt, but the finance ministry will decide the final amount, a source close to the deal said yesterday. The flag carrier plans toReuters - 406 words
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238 2010-08-05 20 AFP [MADRID] Spanish air traffic controllers voted Tuesday to strike over government changes to their work hours that reduce their overtime pay, a move that could disrupt flights at the peak of the tourist season. A total of 92 per cent of the country’sAFP - 238 words
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Article3053 2010-08-05 20 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 MU8213 1820 QF81 1820 Amsterdam SQ323 0605 AZ3993 0025 US5410 0605 KL8363,053 words
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Page 20 Miscellaneous
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Miscellaneous351 2010-08-05 20 CRYPTIC CROSSWORD Across 1 Idiot clutching broken bat left game (8) 5 A piece of furniture carried across America is given rough treatment (6) 9 Letters in ground by house in Westminster (9) 11 Not entirely stupid a hopeful state (5) 12 Pat about to kick the bucket no certainty351 words
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SHIPPING
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4101 2010-08-05 21 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.4,101 words
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738 2010-08-05 22 Hire rates for capesizes lead declines on weaker China demand to charter iron-ore carriers Bloomberg [LONDON] The Baltic Dry Index, a measure of commodity shipping costs, fell for the first time in 13 sessions on weaker demand to charter iron-ore carriers.Bloomberg - 738 words
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607 2010-08-05 22 US Treasury driving enforcement with greater scrutiny Reuters [LONDON] Ships carrying petroleum to Iran face greater scrutiny at ports in the United Arab Emirates as new Western sanctions bite, leaving the Islamic republic to seek alternative hubs, trade and shipping sources say.Reuters - 607 words
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Article, Illustration288 2010-08-05 22 Reuters [DUBAI] A group linked to Al-Qaeda claimed yesterday that a suicide bomber from its organisation was responsible for an attack on a Japanese supertanker last week in the Strait of Hormuz. “Last Wednesday, after midnight, the martyr-dom-seeking hero Ayyub al-Taishan blew himselfReuters - 288 words
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314 2010-08-05 22 Bloomberg [NEW YORK] Overseas Shipholding Group, the largest US-based oil tanker owner, reported a wider second-quarter loss as rates for medium-range ships dropped. The net loss was US$37.9 million, or US$1.26 a share, compared with a loss of US$8.79 million, or 33 US cents,Bloomberg - 314 words
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Article278 2010-08-05 22 SGX '000 Aug 4 S$ +/-Vol CH Offshore 0.55 unch 718 Chuan Hup Hldg 0.26 unch 128 Cosco Corp 1.63 -0.01 9852 CWT Ltd 0.98 0.01 1161 Ezra Hldgs 2.01 unch 2599 First Ship Lea 0.42 0.01 445 Freight Links 0.06 0.01 3361 Grand Banks 0.50 -0.01 2278 words
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Page 22 Advertisements
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Advertisement29 2010-08-05 22 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES29 words
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Advertisement15 2010-08-05 22 Experienced shfp maintenance services wanted. Can they find your services here in the Shipping Times?15 words
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SINGAPORE STOCKS
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Article8937 2010-08-05 23 Transaction date: Aug 4 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 20 11 3148 8Telecom 19 unch 965 19 18.5 18.5 19 1.7 9.5 6.1 91 10 6 58348,937 words
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Article1888 2010-08-05 24 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 5 5 6 27.8 4.8 225 130 6222 t APStrategic 195 182 192 115.7 4 0.51,888 words
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Article9420 2010-08-05 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.18/ APS Alpha Fund (USD)!** 0.87/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.67/ Aberdeen Asset Mgt Asia Limited American Opp 0.6063/ Asian Credit Fund9,420 words
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Article789 2010-08-05 24 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 114.5 +0.5 5 114.5 114.5 114.5 115 522.7 913 710 CIMBAsean40 100US$ US898 -15 100 898 897789 words
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Article74 2010-08-05 24 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 30 6000 AVJennings A43 41 47 3.6 8.1 3.4 112 31 16 6017 Genting HK US$ US28.5 +2.5 ***** 28.5 25.5 28 28.574 words
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FINANCE & COMMODITIES
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374 2010-08-05 25 In local curr In S$ In US$ dy yr dy yr dy yr Aug 3 Index Change Change Change Change Change Change World Index Preliminary 824.8 0.2 -0.9 0.2 -4.9 0.3 -1.1 EAFE Preliminary 763.4 0.3 -2.7 0.5 -7.1 0.6 -3.5 Europe Preliminary 1115.3 0.0374 words
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Article181 2010-08-05 25 Aug 4 Aug $S Offer Bid Overnight 0.03 par 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.40 0.30 1 month 0.55 0.35 2 months 0.60 0.40 3 months 0.70 0.50 6 months 0.90 0.70 9 months 1.05 0.85181 words
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Article22 2010-08-05 25 Aug 4 S$ Bid Offer 1-month 1.3527 1.3540 2-months 1.3526 1.3538 3-months 1.3524 1.3537 6-months 1.3518 1.3531 Source: OCBC22 words
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Article132 2010-08-05 25 Aug 4 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2230 1.2600 Can dollar 1.3120 1.3280 Euro 1.7770 1.7980 NZ dollar 0.9830 1.0050 Sterling pound 2.1430 2.1680 US dollar 1.3430 1.3590 Local dollars to 100 units of foreign132 words
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Article27 2010-08-05 25 Aug 4 Open High Sett STI Aug 2983 SIMSCI Aug 355.0 355.9 353.3 Taiwan Aug 280.8 282.2 280.0 Source: MF Global (S) Pte. Ltd27 words
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Article66 2010-08-05 25 Aug 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 10 2660 2675 2670 2656 652 2538 Sep 10 2614 2632 2634 2614 2075 ***** Oct 10 2588 2590 2598 2580 7218 ***** Nov 10 2577 258566 words
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Article418 2010-08-05 25 Aug 4 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.6150 0 1599 Dec10 99.5850 0 2972 Mar11 99.5200 0 3051 Jun11 99.4150 0 2431 EUROYEN TIBOR FUTURES Sep10 99.6450 99.6525 99.6450 99.6525 0 3494 Dec10 99.6975 99.6975 99.6875 99.6950 0 1506 Mar11 99.7075 99.7075 99.7075418 words
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Article135 2010-08-05 25 Aug 4 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 10 325.5 323.0 325.5 31 Oct 10 318.5 Nov 10 318.0 Dec 10 318.0 Jan 11 319.5 319.5 316.0 4 Feb 11 319.5 319.5 316.0 4 Mar 11135 words
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Article86 2010-08-05 25 Aug 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 04.11.2010 0.29 0.23 0.23 1-Year BY*****W 03.05.2011 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.40 5-Year N*****0N 1.375 01.10.2014 103.18 7-Year N*****0Z86 words
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Article105 2010-08-05 25 Aug 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 10 1053.50 1053.25 1054.00 1037.50 Sep 10 1022.75 1019.25 1023.50 1006.00 Nov 10 1018.00 1010.00 1018.50 997.75 Jan 11 1024.75 1016.25 1025.25 1005.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug 10 40.95 40.44 41.05105 words
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Article77 2010-08-05 25 CRUDE OIL PRODUCTS Aug 3 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 82.58 1.63 WTI (Near Mth) 82.54 1.01 Dubai (1-Mth F) 78.17 0.98 Tapis blend 84.55 1.35 Minas 81.25 1.30 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 72.72 1.22 Jet Kerosene 91.47 2.35 US$/barrel Opec Oil77 words
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Article82 2010-08-05 25 Aug 3 COCOA (£/tonne) Close Prev High/Low Sep 10 2259 2257 2273/2243 Dec 10 2152 2171 2172/2147 Mar 11 2134 2154 2154/2128 May 11 2141 2160 2158/2140 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1717 1778 1766/1700 Nov 10 1736 1793 1782/1719 Jan 11 1725 1783 1766/1717 Mar 1182 words
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2260 2010-08-05 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 6221 Asia-Pacific Strategic W*****6 40 1 150 -3 4.88 45 6227 ASJ Hldgs W*****1 4 1 4 23 1.63 18 2036 Advance SCT Ltd W*****9 0.5 1 87 18442,260 words
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Article464 2010-08-05 25 Aug 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.936 6.182 0.692 7.086 42.201 81.641 0.781 10.663 2.892 1.247 78.195 41.288 1.235 6.678 0.951 29.028 29.349 0.573 0.913 Canada 1.068 6.604464 words
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Article85 2010-08-05 25 Aug 4 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-08-05 25 Aug 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2347 1.2362 0.9126 0.9129 Canadian dollar 1.3187 1.3207 0.9748 0.9753 Euro 1.7856 1.7874 1.3198 1.3200 NZ dollar 0.9903 0.9917 0.7320 0.7324 Sterling pound 2.1558 2.1580 1.5935 1.5937154 words
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Article139 2010-08-05 25 Aug 4 GOLD (US$/oz) Aug 03 Aug 04 Hong Kong 1183.70 1195.80 Aug 02 Aug 03 London 1184.25 1187.50 1185.05 1188.30 Source: Thomson Reuters CAST BAR Aug 04 (S$) Selling Buying Kilobar 55,367.15 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 124.12 52 5gm 352.03 258 10gm 629.16139 words
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Article70 2010-08-05 25 Aug 3 Aug Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2193.75 2207.00 3 months 2204.00 2217.00 Copper, Grade A (US$/tonne) Cash 7398.25 7485.00 3 months 7425.00 7510.00 Lead (US$/tonne) Cash 2197.00 2190.00 3 months 2220.00 2214.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash70 words
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BizIT
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Article, Illustration701 2010-08-05 26 VICTORIA HO - It grabbed a 20% share of the local market in the second quarter of this year, and grew an impressive 8.8 times globally, says VICTORIA HO VICTORIA HO GOOGLE’S mobile operating system (OS) Android is fast gaining on Symbian’s No. 1 spot in the SingaporeAFP - 701 words
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Article, Illustration515 2010-08-05 26 VICTORIA HO - By VICTORIA HO KELLY Tan’s appointment as the new managing director of Hewlett-Packard (HP) Singapore is one in a round of top executive movements in technology MNCs here. Ms Tan told BizIT cloud computing would be one of her main focal515 words
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Article, Illustration643 2010-08-05 26 RAJU CHELLAM - S'pore first stop in 100 roadshows across 35 countries By RAJU CHELLAM NOW that the the Sun acquisition is firmly in Oracle’s bag, the enterprise software giant is planning to increase its focus on getting companies to wring more efficiencies from their data643 words
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393 2010-08-05 26 Reuters [PARIS] Google is set to allow advertisers in Europe to use rivals’ trademarks when bidding for online ads in a move that will prevent big brand owners from controlling which ads appear during users’ searches. The change, announced at a news conferenceReuters - 393 words
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601 2010-08-05 26 Some govts cite need for security in request for encryption keys Bloomberg Reuters [CAIRO] Research In Motion Ltd, whose BlackBerry smartphone faces bans in Saudi Arabia and Indonesia, risks losing out on expansion in emerging markets after saying that it won’t revealBloomberg; Reuters - 601 words
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PROPERTY
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Article, Illustration647 2010-08-05 27 Special help given since unemployment in these states is above national rate Reuters [WASHINGTON] As many as 50,000 struggling homeowners in five states with high unemployment may receive help from a special US$600 million federal fund intended to head offReuters; BLOOMBERG - 647 words
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Article303 2010-08-05 27 Reuters [LONDON] British Land reported slowing growth in first quarter net asset value yesterday, amid fresh worry for the economy and fears that banks could choke a property market revival with tough lending restrictions. The biggest office landlord in the City of London booked 2.2Reuters - 303 words
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175 2010-08-05 27 AFP [LONDON] British house prices moved higher in July, but the market remains flat so far this year, data from top home-loans provider Halifax showed yesterday. “House prices increased by 0.6 per cent in July, reversing the fall in June,” said Martin EllisAFP - 175 words
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Article, Illustration1675 2010-08-05 28 WILLIAM MELLOR - Zhang Xin says real estate prices have been cooling but aren’t headed for collapse By WILLIAM MELLOR Bloomberg [SHANGHAI] From her leafy, 11th floor rooftop terrace at the headquarters of Soho China, billionaire Zhang Xin scans the relentlessly expanding Beijing skyline she helpedBloomberg; BLOOMBERG - 1,675 words
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Article, Illustration293 2010-08-05 29 NINE properties owned by the companies of three feuding brothers have been sold for more than $175 million. Chow House, the most prominent of the nine assets, went for more than $100 million and could be redeveloped into a residential project. The nineFILE PHOTO - 293 words
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173 2010-08-05 29 Reuters [HONG KONG] China Investment Corp (CIC), the country’s sovereign wealth fund, is in talks with Harvard University’s endowment to buy the US institution’s stakes in property funds worth about US$500 million, the Wall Street Journal reported yesterday. The latest move byReuters - 173 words
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294 2010-08-05 29 Total foreign investment in Sino-S’pore project hits 28b yuan Xinhua [TIANJIN] The Philippines’ largest property company, Ayala Land, has become the fourth foreign real estate developer to join an “eco-city” development project in north China’s Tianjin Municipality. The company signed an agreement toXinhua - 294 words
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Article, Illustration511 2010-08-05 30 EMILYN YAP - Eyeing the mid-end segment, it will redevelop Balestier site for $80 million By EMILYN YAP [SINGAPORE] Industrial property developer Global Orion is making its first foray into the local private residential market with a freehold project at Balestier. It is eyeing the511 words
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1481 2010-08-05 30 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 09/07/2010 99 1959 4421 2257 People's Park Cplx Apt1,481 words
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585 2010-08-05 30 PAULINE NG - By in PAULINE NG AN OVERSUPPLY of high-end condominiums in Kuala Lumpur’s most popular residential spots notwithstanding, developers are taking heart from strong uptake in recent launches and new benchmark prices. While prices for landed residential property in the Klang Valley have remained585 words
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Page 27 Advertisements
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Advertisement39 2010-08-05 27 8 Nassim Hill Townhouses Penthouses Lift to every floor Freehold. Foreigners eligible Good investment value Immediate occupation Private ionize pool lawn 4 5 ensuite bedrooms Size 3218 sq ft 5759 sq ft Viewing by appointment only. Residential 9183 354739 words
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Advertisement131 2010-08-05 27 prom on! ca i rn h i 11 Fifteen exclusive homes. One coveted address. Freehold residences Nestled atop Cairnhill Circle Short stroll away from the Orchard Road retail and entertainment belt An exquisite collection of three-bedroom apartments, each spread across an entire floor Every exquisite apartment commands expansive views of131 words
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Advertisement496 2010-08-05 27 CES/CEHA SYLLABUS ENBLOC SALE PROCESS Testimonials I passed my CES exam thanks to you and would like to take CEHA next." Joanne Lee (9789XXXX) I have passed my CES exam on first attempt all thanks to your learning techniques and the tips you have provided. Thank you." Krishna Kumar, DTZ496 words
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Page 28 Advertisements
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Advertisement108 2010-08-05 28 Novena Site for High Rise Condo B Dist. 11, Pastoral View adjoining site Land 51,395 sf; GPR 2.8 36-sty; FH Approx.400mtoNovenaMRT,NovenaSq A Subject Site huiling@credo.com.sg hongboon@credo.com.sg karamjit@credo.com.sg Within1kmof SJIJr, 2kmofACSJr&Pri Potential for 140 apts of average 1,000 sf 6227 6066,Tender Closing on23 Aug 2010(Mon), 2.30pm Tender Closing on L a108 words
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Advertisement102 2010-08-05 28 MARINA BAY Residen As good as "The Bund Shanghai" As reported in The Straits Times 19th July 2010 y Vibrant Waterfront /3/4-bdrms/Penthouses Living y Very High Floor, Stack 10 01 yFull Bay/Sea View! y From $4000 psf to $4888 psf All Are Welcome! Call/SMS 9698 8888 HSR AAA A'FLUENCE PROFESSIONALS102 words
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Page 29 Advertisements
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Advertisement187 2010-08-05 29 FOR SALE Major New Brisbane Office Building New long term lease to Global Engineering Company Net Income of $A6.9million approx Building construction completed in late 2009 Significant depreciation benefits For Sale at 8.25% net initial yield Closing Date: 27 August 2010 (Fri) I f k mm***'1 ■I wst a For187 words
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Advertisement31 2010-08-05 29 The Twins Penthouse. Freehold. Dist 10 4 bedrooms ensuites with maid’s room 4499sqft. Pte Lift. Functional layout Facing Goodwood Hill Mins drive to Orchard Road Good investment value Residential 9183 354731 words
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Page 30 Advertisements
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Advertisement38 2010-08-05 30 a To maximize returns on your properties, please call Savills Residential Leasing at 6536 5022/6415 3636. Savills has more than 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world. savills savills.com38 words
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