The Business Times, 1 November 2010

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Total Pages: 32
1 32 The Business Times
  • 23 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) 138/08/2010 Monday, November 1,2010
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  • 872 1  -  Apart from the two mega listings, most pull back after a strong debut; some fall below IPO prices By LYNETTE KHOO [SINGAPORE] Recent initial public offerings (IPOs) were greeted enthusiastically by the market on their debut but for most of them, it appears the
    PHOTOS: BLOOMBERG  -  872 words
  • 136 1 MARKETS Weekly Change ST Index 3,142.62 -30.95 KL COMP 1,505.66 +15.02 NIKKEI 225 9,202.45 -224.26 HANG SENG 23,096.32 -421.22 SET INDEX 984.46 -7.78 JAKARTA COMP 3,635.32 +37.57 MANILA COMP 4,268.74 18.13 SEOUL COMP 1,882.95 -14.36 SHENZHEN B 844.01 +32.56 MUMBAI IND 20,032.34 -133.52 DOW 11,118.49 -14.07 NASDAQ 2,507.41
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  • 449 1  -  Activity peaked in May, began decline in June By ANNA TEO [SINGAPORE] The Monetary Authority of Singapore (MAS) has produced a new measure to track the economy and the indicator shows, indeed, economic activity peaking in May after a rapid run-up of about
    449 words
  • Page 1 Advertisements
    • 118 1 YOUNG INVESTORS' FORUM Managing cross-border teams PAGE 12 BizIT Amazon Web Services bets on S'pore PAGE 30 VIEWS FROM THE TOP No winners in currency war PAGE 10-11 DINING OUT Culinary maestros hit town PAGE 24 THE SIMPLICITY OF INNOVATION. LUMINOR 1950 8 DAYS GMT Hand-wound mechanical movement P.2002 calibre,
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  • TOP STORIES
    • 1096 2  -  She warns critics of SGX’s takeover of ASX not to disturb assessment of deal By JAMIE LEE TEH SHI NING [SINGAPORE] Australian Prime Minister Julia Gillard has cautioned critics of the Singapore Exchange’s S$10.7 billion takeover of ASX to respect the due process of the
      1,096 words
    • 610 2 New IPOs run out of steam WITH the exception of two mega initial public offers, newcomers to the stock exchange have pulled back after a strong showing on their first trading day, with some even falling below their IPO prices. Others, such as Oxley Holdings, fell on their
      610 words
    • 711 2  -  Mid-term elections, the Fed, jobs report to shape market WALL STREET INSIGHT By ANDREW MARKS THE year’s biggest week for the stock market will begin with two nervous days on Wall Street ahead of a fateful Wednesday on which the stock market’s fortunes for
      711 words
    • 686 3  -  It’ll supply nuclear plants to Vietnam, cooperate with it to exploit rare earths By ANTHONY ROWLEY JAPAN will provide Vietnam with at least one nuclear reactor under an agreement said to be worth billions of dollars announced yesterday in Hanoi by
      AP  -  686 words
  • Page 2 Advertisements
    • 127 2 ACCOUNTANCY HUB Provides you High Quality, Fast 6 Reliable Accounting and Bookkeeping Seruices. (Established by a team of qualified accounting professionals with more than 20 years experience, renowned for their integrity and reliability). Benefits of choosing Accountancy Hub, Speed Get your management accounts ready within 2 weeks from the date
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  • Page 3 Advertisements
    • 139 3 LGT-Your Private Bank in Asia for 25 years. Singapore Phone +65 6415 3800, info@lgt.com Hong Kong Phone +852 2523 6180, info@lgt.com www.lgt.com Singapore, Hong Kong and 27 other locations worldwide. Wealth Management SARASIN From Every Angle we Offer a Distinct Perspective on Wealth. We've spent some 170 years crafting distinctive
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  • SINGAPORE MARKETS
    • 666 4  -  The truth of the matter, is that neither SGX nor ASX has much of a choice. It is a case of merge or lose out. STOCKS R SIVANITHY Senior Correspondent FIRST up, it’s best to get the business of what the market might do
      666 words
    • 542 4  -  COMMODITY WATCH By ONG YI LING Ong Yi Ling is an investment analyst at Phillip Futures SINCE late July, the price of spot silver has increased 44 per cent to as high as US$24.90 an ounce on Oct 14. The rise in silver prices could
      542 words
    • 435 4 CURRENCIES Bloomberg [SINGAPORE] Asian currencies gained for a second month on speculation that the US Federal Reserve will pump more money into the economy, increasing the amount of funds that can be invested in higher-yield-ing assets. The Philippine peso
      Bloomberg  -  435 words
    • 1558 4 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Properties Ltd 2.80 2.80 10 10.75 11.07 1.28 1.19 ARA Asset Mgt Ltd 1.75 1.75 4 7.33 18.70 1.48 1.37 Armstrong Ind Corp Ltd 1.00 1.00
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    • 4 4 WEEKLY
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    • 66 4 Oct 29 VALUE CLOSE BT OB/OS -537.00 -8.00 BT CADI -*****.00 +15.00 BT 10-day MA -*****.00 -53.00 FTSE ST Mid Cap 785.64 +5.21 FTSE ST Small Cap 579.79 -0.50 FTSE ST All Share 778.41 +3.31 FTSE ST China Top 291.82 +2.19 FTSE ST China 332.72 +2.71 FTSE
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    • 52 4 VOLUME XinRen 818,531,000 TopGlobal W*****9 741,841,000 TopGlobal 717,105,000 Genting SP 708,444,000 GLP 382,069,000 Golden Agri 319,803,000 BerlianLaju 262,118,000 MapletreeInd 239,357,000 ChinaNTown 163,365,000 Transcu Grp 156,771,000 VALUE($) Genting SP 1,551,974,336 SGX 965,724,515 GLP 861,356,372 DBS Grp 687,487,446 XinRen 489,404,405 UOB 349,384,565 CapitaLand 333,882,140 SingTel 282,774,482 Wilmar 280,375,085 MapletreeInd
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    • 116 4 BY CENTS CLOSE UP IS S&P500 ***** 844.4 5.8 IS MSCI Spore 1352 457.3 35.2 GLD 10US$ ***** 262.4 1.6 DBXT MSKorea 10US$ 5341 126.0 1.8 DBXT DBCBLEB 10US$ 2052 124.7 4.9 DBXT SPASX200 10US$ 3309 101.3 2.4 DBXT MSTaiwan 10US$ 1776 62.4 2.8 DBXT FTVietnam 10US$ 3627 50.7
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    • 129 4 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-333.8 -1.9 DBXT AUD Bonds 5AU$ ***** -94.9 -0.5 DBXT MSJAP 10US$ 3695 -93.5 -1.9 IS DJ US Tech 6138 -80.5 -1.0 Lyxor China H 10US$ 1703 -79.2 -3.5 SGX.ES.1010 893 -77.0 -7.9 DBXT FTChina25 10US$ 3287 -74.0 -1.7 SGX 880 -74.0
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    • 5 4 WEEKLY
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    • 1456 8  -  Buyback activity flat during the week INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE buying rose slightly while the selling among directors fell last week based on filings on the Singapore Exchange in the last week of
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    • 457 8 They drift to the sidelines before US polls, Fed meeting Bloomberg [SINGAPORE] Investors ploughed less money into emerging-market assets in the final week of October as US mid-term elections and the Federal Reserve policy meeting approach, prompting managers to hold more cash. Emerging-market equity funds
      Bloomberg; AFP  -  457 words
  • Page 4 Advertisements
    • 91 4 II Phillip Futures Bringing Global Markets Closer to You www.phillipfutures.com.sg 6538 0500 Brought to you by Philip Futures Pte Ltd (A member of PhillipCaprtal) '<5 WK&fmiyS/ I tik A Co. Reg No: *****5695G The above information does not constitute an investment advice, an offer/solicitation to buy/sell the above mentioned investment
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  • COMPANY NEWS
    • 875 5  -  S’pore firms’ market cap jumps 31% to $828.3b last month, highest in four years By WINSTON CHAI TWO of this year’s hottest initial public offerings (IPOs) helped dispel the usual dark clouds of black October and lifted the market value of Singapore stocks to their
      875 words
    • 279 5 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD p.a.) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE p.a.) YEAR RAISED ISIN CODE MATURITY DATE 01.02.2011 N*****0E 2006 3 1/8 4700.00 1/2 1/8 89 100.67 0.52 SG7E*****983
      279 words
    • 369 5  -  The firm posted a net loss of 64.1m yuan for the year By JAMIE LEE NEW Lakeside Holdings whose auditors had claimed that fraudulent misrepresentations may have been made to them during the audit of the company’s fiscal 2009 financial results narrowed its net loss
      369 words
    • 1368 6  -  SGX should make it harder for directors and key executives to gain unfairly from price-sensitive information UNTICKING THE BOX By MAK YUEN TEEN Associate professor Mak Yuen Teen set up and led the Corporate Governance and Financial Reporting Centre of the NUS Business School before leaving
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    • 260 6  -  By ARTHUR LEE FOR the seventh consecutive year, Noble Group is supporting the Singapore Exchange’s annual Bull Charge. Noble donated $100,000 to become a diamond sponsor Mahesh Asrani, Noble’s chief financial officer, said the company’s staff take corporate social responsibility (CSR) seriously. Every year, 100
      ARTHUR LEE  -  260 words
  • Page 5 Advertisements
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      121 words
    • 66 5 The art of accurate advice. At LGT, your personal private banker provides you with a state of the art investment platform and unbiased recommendations: Simple. Understandable. Effective. LGT Your Private Bank in Asia for 25 years. Singapore Phone +65 6415 3800, info@lgt.com Hong Kong Phone +852 2523 6180, info@lgt.com M
      66 words

  • Page 6 Advertisements
    • 199 6 FX/CFD trading Trade global stock indices on tight spreads and no commission, 24hours a day. (^MARKETS iS3 m QlWISW«C*li|SG01C«**fl luifcet £3 329.7 0 Singapore Blu« Chp 0 Austfib 200 Cisli OfTSS 100 Cull Owil Stmt Cut O(5eniany30 OlISSPXSOO OClfiMlM 0 Frances Only 40 OM»S0 0 Mexico 35 OspmJS 329.S cwfKBi
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  • Page 7 Advertisements
    • 280 7 ABOUT SWIBER PJW3000 Congratulations Swiber Holdings Limited on its newest fleet addition SWIBER PJW3000 Swiber PJW3000 is one of the largest construction vessels in the Asia Pacific Region. This heavy lift Derrick Pipelay Barge is the latest addition to Swiber's fleet of construction vessels. Its inclusion will greatly complement and
      280 words

  • Page 8 Advertisements
    • 83 8 Pulses November issue out now! Singapore private banking centre for Asian millionaires? Cosco Corporation Singapore poised to benefit from China’s shipbuilding industry. Investors: seek alternative investment options or risk losing purchasing power. CFDs: are they inherently riskier than ordinary stocks? In ImPulses, the Mercedes-Benz CLS 500 BlueEfficiency impresses with an
      83 words

  • SINGAPORE NEWS
    • 1013 9 Payment Ex Books Pay Ann (cts) date close date date Ascendas India Trust bi 3.360 04-Nov 09-Nov 22-Nov 25-Oct Ascendasreit ao 3.300 22-Oct 26-Oct 26-Nov 19-Oct Ascott R Trust cf 1.740 17-Sep 21-Sep 19-Nov 25-Oct ASL Marine ak 3.000 27-Oct 29-Oct 10-Nov 19-Aug AusGroup ak 0.640 20-Oct 22-Oct
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    • 580 9  -  New president aims to triple number of post-grads to 2,000 in next five years By LEE U-WEN WITH its undergraduate population having reached a steady state of about 7,000, the Singapore Management University (SMU) is now turning its attention to ramping up its post-grad-uate
      580 words
    • 125 9 AS part of UBS’s sponsorship of the Singapore Sun Festival 2010, the bank invited 50 musically talented children from its community partners to an exclusive session with Ruben Studdard, the second ‘American Idol’ winner, and Clifton Murray, a member of The Canadian Tenors,
      125 words
  • Page 9 Advertisements
    • 344 9 Trade lots for less Commodity CFDs. Smaller lot sizes for greater trading flexibility with Saxo. a t*', K i i w M 5b I Commodity futures contracts are great for hedging in a volatile market. With Saxo Capital Markets, you can go long or short with Commodity CFDs. Commodity CFDs
      344 words

  • 2665 10 THIS WEEK’S TOPIC: How is the currency war affecting your industry, and businesses generally? Do you see the issue being resolved anytime soon? Leon Perera Group Managing Director Spire Research Consulting Group WHAT we are seeing is a “cold war” on currency. Should this
    REUTERS  -  2,665 words

  • Page 11 Advertisements
    • 264 11 Know of Anyone Who Deserves the Nation’s Highest Youth Accolade? Nomination for SYA 2011 Now Open The best of our young people. Youths of passion. High achievers in constant pursuit of excellence. Dedicated role models for the community. They excel in their fields of expertise, inspire and mentor others, impacting
      264 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1074 12  -  The skills required are not just different from those needed to run co-located teams, they are often the opposite, writes ERIN MEYER ERIN MEYER The writer is an Adjunct Professor of Organisational Behaviour at INSEAD, specialising in cross-cultural management. This article is reprinted with permission from INSEAD
      STOCK.XCHNG  -  1,074 words
    • 824 12 SMU first-year students take the crown in the Citi FX Challenge 2010 CAMPUS LIFE SOME 600 university and polytechnic students gathered to pit their trading skills against each other in the Citi Foreign Exchange (FX) Challenge 2010 on Saturday. Since the forex trading competition was
      MARCUS DEJAKAISAYA  -  824 words
  • Page 12 Advertisements
    • 271 12 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors’ Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      271 words

  • ECONOMY WATCH
    • 668 13 Economies in Asia are rebounding more quickly than those in the West NYT [NEW YORK] The world economy is stuttering to recover across the west, but Asian countries such as Thailand, fresh from a political crisis, are growing at double-digit figures. Companies are
      NYT  -  668 words
    • 560 13 Another round of quantitative easing seen as a solid bet AFP [WASHINGTON] Having tipped its hand, the US Federal Reserve is likely to announce this week it will resume large-scale asset purchases to boost an economic recovery too weak to bring down
      AFP  -  560 words
    • 257 13 Reuters [BANGKOK] Thailand’s worst flooding in decades could cut 2010 economic growth by 0.3 percentage point, so growth for the year may not reach 8 per cent as forecast by the central bank, Prime Minister Abhisit Vejjajiva said yesterday. Thousands of
      Reuters; REUTERS  -  257 words
  • Page 13 Advertisements
    • 149 13 <u H ti\ I '-1 "X J nS m II SP ;*5k 053? 1 -i Ki m Fe** SSEE /ft:/xv 7 r ■'~7 -•'--•:-Vrv «8P? m fee** M Dedicated to being on-time. In all Europe's time zones. Europe stretches over 4,000 kilometers and covers 50 countries. So to deliver on
      149 words

  • MALAYSIA/INDONESIA
    • 362 14 Foreign investment in third quarter jumps 13.6% to 40 trillion rupiah [JAKARTA] Indonesia reported a 13.6 per cent jump in foreign direct investment (FDI) in the third quarter of 2010, putting it on course for record full-year foreign investment. Third-quarter foreign investment was
      362 words
    • 730 14  -  Tackling the problem is crucial as Malaysia pushes ahead with ambitious economic programmes MALAYSIA INSIGHT PAULINE NG KL Correspondent TWO reports released last week revealed that Malaysia’s battle against graft remains very much a work in progress. Despite recent initiatives to reduce graft,
      730 words
    • 425 14  -  By S JAYASANKARAN MALAYSIA’S High Court has struck out an originating summons from a conservative Muslim non-government organisation to bar the Sisters in Islam Forum (SIS) which champions the rights of Muslim women from using the word “Islam” in its name.
      425 words
    • 1986 14 VOL Oct 29 RM +/-(‘000) A M Realty 0.57 0.01 78 Abric Bhd 0.30 0.04 561 Advance Synerg 0.21 unch ***** Adventa Bhd 2.41 -0.01 130 Ae Multi Hldgs 0.34 -0.01 584 Affin Holdings 3.22 0.05 344 Ahmad Zaki Res 1.05 -0.02 1038 Aic Corp 1.25 unch 1592
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  • Page 14 Advertisements
    • 176 14 AsiaGlobal Graduate School Distinguish yourself. With a University of Canberra PhD/DBA Degree in Singapore. UNIVERSITY OF CANBERRA AUSTRALIA'S CAPITAL UNIVERSITY Doctor of Philosophy (PhD) in Management Doctor of Philosophy (PhD) in Government Doctor of Business Administration (DBA) Through Research Study in Singapore •S Completion in minimum 3 years for holders
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  • GREATER CHINA
    • 651 15 Its success boosts China’s resolve to stay open, he says on last day of Expo AFP [SHANGHAI] Chinese Premier Wen Jiabao said yesterday that Shanghai’s World Expo had given the country the confidence to keep pushing for reform, as visitors flooded the exhibition
      AFP; XINHUA  -  651 words
    • 263 15 AFP [BEIJING] Two prominent Chinese lawyers have been barred from flying to the US to meet legal experts, one of the attorneys and an activist group said, amid a general crackdown on rights campaigners. Li Subin and Jiang Tianyong were blocked
      AFP  -  263 words
    • 432 15 Personal grudges, lack of coordination partly to blame Reuters [HANOI] Japan and China talk of building a strategic partnership, but they can’t seem to avoid tactical scraps. A high-profile breakdown in diplomacy over the question of whether Chinese Premier Wen Jiabao and Japanese Prime Minister
      Reuters  -  432 words
  • Page 15 Advertisements
    • 978 15 IN THE MATTER OF SECTIONS 55B AND 55C OF THE BANKING ACT, CHAPTER 19 OF THE REPUBLIC OF SINGAPORE AND IN THE MATTER OF THE RAIFFEISEN ZENTRALBANK OSTERREICH AKTIENGESELLSCHAFT, SINGAPORE BRANCH {REGISTRATION NO.: S97FC5413C) (RZB, SINGAPORE BRANCH) Notice (Notice) is hereby given that a Scheme dated 1 November 2010 (Scheme)
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  • INDIA
    • 603 16 Demand down by at least 40%, says director of Bombay Bullion Association AFP [MUMBAI] Soaring prices are making Indians hesitant about buying gold as the Hindu festival of Diwali approaches, despite it being seen as an auspicious time to purchase the
      AFP  -  603 words
    • 500 16 Exports down slightly due to fall in euro against rupee AFP [NEW DELHI] India’s biggest carmaker by sales, Maruti Suzuki, on Saturday reported a 5 per cent jump in quarterly net profit as the fast-expanding economy brought buyers flooding into car showrooms.
      AFP  -  500 words
    • 211 16 AFP [NEW DELHI] India’s largest private sector firm Reliance Industries reported a 28 per cent rise in quarterly net profit last Saturday, boosted by earnings from refining crude and higher gas output. The oil and petrochemical giant said that net profit for the three months
      AFP  -  211 words
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  • Page 17 Advertisements
    • 258 17 Powering ASEAN businesses through innovation and supplychain excellence With ASEAN being celebrated as a dynamic force of economic growth, we firmly understand that ASEAN is a key enabler to the advancement of the whole Asia continent. That’s why at YCH, we have never stopped looking at new ways to transform
      258 words

  • WORLD
    • 645 18 Unit’s climb is prompting many firms to shift production overseas AFP [TOKYO] Surging quarterly profits for Japan’s top companies belie the threat posed by a strong yen, as the unit’s rise prompts firms to shift production out of the country to stay competitive, say
      AFP  -  645 words
    • 394 18 AFP [LONDON] Britain and France are slated to announce an unprecedented partnership on defence tomorrow in a bid to allow two medium-sized powers to remain global players. Economic austerity appears to have achieved what years of diplomacy have failed to achieve by
      AFP  -  394 words
    • 177 18 AFP [PARIS] One of the world's most powerful art dealers, Larry Gagosian, has opened a new outpost in his empire with a gallery in Paris a sign, he says, of a rejuvenation of France's modern art scene. Gagosian, who represents some of the giants of modern and
      AFP  -  177 words
    • 626 18 Push to find other supplies may fuel commodity bubble Reuters [SYDNEY] China’s increasing reluctance to supply the rest of the world with rare earths is whipping up a gold rush-like frenzy to find new producers of the elements needed to manufacture
      Reuters  -  626 words
    • 360 18 Mixed Philippine record does not inspire confidence AFP [MANILA] Philippine President Benigno Aquino may struggle to keep his promise to give his country a modern infrastructure, including water and electricity supplies, if its history is anything to go by. Mr Aquino aims
      AFP  -  360 words
    • 416 19 AP [UNITED NATIONS] A predicted rainfall shortage in some parts of North Korea, combined with reduced food aid this year, will have an “alarming” effect on the nutrition of the nation’s young children and pregnant and lactating women, the UN
      AP  -  416 words
    • 401 19 The Queensland Curtis involves building an LNG plant on Curtis Island Bloomberg [SYDNEY] BG Group plc, the UK’s third-largest oil and gas producer, said it will invest US$15 billion in the Curtis liquefied natural gas (LNG) project in Australia over the next
      Bloomberg  -  401 words
    • 608 19 Calls for protests, raises grow as the economy thrives again after crisis AFP [FRANKFURT] German workers who made sacrifices during the financial crisis say it is payback time now that the economy is thriving, company profits are climbing and unemployment has
      AFP  -  608 words
    • 584 20 Govt moves to slash housing benefits used to subsidise rents for low-paid AP [LONDON] It’s been at the heart of London’s identity for decades: Bakers and bankers live on the same city streets in patchwork neighbourhoods where swank mansions
      AP  -  584 words
    • 519 20 It may help detect catastrophic shifts in liquidity, they say Bloomberg [NEW YORK] A formula for measuring how fast the best-informed traders increase their share of market volume may help regulators prevent crashes such as the May 6 plunge, according to a study
      Bloomberg  -  519 words
    • 103 20 Bloomberg [LONDON] The world’s largest private collection of teddy bears and soft toys belonging to Paul Greenwood, a hedge fund manager who pleaded guilty to fraud charges in 2009, was sold at a Christie’s auction in London for £1.1 million (S$2.3 million). The prize lot,
      Bloomberg; REUTERS  -  103 words
    • 559 20 AFP [WASHINGTON] The arch-conservative US Tea Party movement, fuelled by anger at President Barack Obama and the sour economy, now faces a defining test of its strength and future in tomorrow’s elections. The outcome may decide whether the loosely knit network, which
      AFP  -  559 words
    • 440 20 He also criticises plans for European budget regulations Reuters [ISTANBUL] New global banking regulations agreed in September could hit economic growth and put European banks at a disadvantage, European Central Bank (ECB) governing council member Yves Mersch said yesterday. Mr Mersch, who
      Reuters  -  440 words
    • 443 20 Bloomberg [WASHINGTON] The US government, in a move that may signal a reversal of its position in a dispute central to the biotechnology industry, filed a court brief saying that isolated DNA can’t be patented. “The chemical structure of native human genes is
      Bloomberg  -  443 words
  • Page 18 Advertisements
    • 223 18 -n ;i!i ASIA POWER-GEN 'IJS/ 2-4 NOVEMBER 2010 MARINA BAY SANDS RESORT, SINGAPORE WWW.POWERGENASIA.COM LEARN AND DISCOVER MORE E BOUT ASIA'S POWER INDUSTRY POWER-GEN Asia, co-located with Renewable Energy World Asia, i the region's premier conference and exhibition for power generation, renewables, transmission and distribution industries and combines energy policy
      223 words
    • 23 18 -S- 1K Lianhe Zaobao M I is current round of high I inflation I worrying? To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      23 words

  • Page 19 Advertisements
    • 514 19 Eltek Valere receives the prestigious Frost Sullivan Market Share Leadership Award 2010 Telecommunications DC Power Systems "On behalf of Eltek Valere I'm honored and proud to receive this highly recognized award by Frost Sullivan for the second consecutive year it is an inspiration for continuous development of the Company in
      514 words

  • Page 20 Advertisements
    • 132 20 4 fVli™ waste p |astics iHOi cracked oil Wlig can be Converted into I UUL (Hydro Cartoon) Mixture of several waste plastics (Ex. PP,PE,PS,ABS mixed) can be treated. Low residual chlorine (below 100ppm), even if 10% of PVC and PET are mixed. The cracked oil is equivalent to hydrocarbon as
      132 words

  • ASIA-PACIFIC/WORLD
    • 756 21 Alberta, Manitoba, New Brunswick, and Quebec also oppose the US$39b offer Reuters [OTTAWA] Potash Corp’s home province is ratcheting up pressure on the Canadian government to block BHP Billiton’s hostile approach, while the company still insists that rival bids could emerge. Saskatchewan, where fertiliser producer Potash
      Reuters; REUTERS  -  756 words
    • 342 21 AFP [HANOI] Russia and Vietnam yesterday signed a deal worth an estimated US$5.6 billion for the energy-hungry South-east Asian country’s first nuclear power plant. Russian President Dmitry Medvedev witnessed the signing, part of an effort to boost ties with his country’s former Soviet-era
      AFP  -  342 words
  • Page 21 Advertisements
    • 108 21 LUXURY TOURS TRAVEL PTE LTD A The Leading Operator LA Established 1985 Wp M "Fullfilling your requirments with finesse" Our experienced team of planners takes charge right from the start. We offer you the best venues available, suggestions settings. These include transportation, meals, sightseeing tours tourist guides. Our services at
      108 words
    • 422 21 Singapore Accountancy Convention A Profession on the Move Institute of Certified Public Accountants of Singapore thanks all participants for the overwhelming support. The Singapore Accountancy Convention 2010 and Gala Dinner are fully Sold Out! r Singapore Accountancy Convention Singapore Accountancy Convention Convention Guest of Honour Mrs Lim Hwee Hua Minister,
      422 words

  • AVIATION/SHIPPING
    • 998 22 It is lightly inspected or even completely unexamined on some flights AP [LONDON] The mail bombs discovered aboard cargo jets in England and Dubai could very easily have ended up on passenger planes, which carry more than half of the international air cargo coming
      AP  -  998 words
    • 562 22 AFP [PARIS] Commercial airlines in the United States, Europe and Asia are at last relishing a rebound in their financial fortunes, announcing profit spurts after two very lean years. The civil aviation sector in recent months has enjoyed a pronounced pick-up in both
      AFP  -  562 words
    • 278 22 SGX '000 Oct 29 S$ +/-Vol CH Offshore 0.53 -0.01 1158 Chuan Hup Hldg 0.24 unch 292 Cosco Corp 1.86 0.01 ***** CWT Ltd 0.95 0.01 1043 Ezra Hldgs 1.75 0.02 4236 First Ship Lea 0.45 0.01 889 Freight Links 0.08 -0.01 816 Grand Banks unch unch 0
      278 words
    • 277 22  -  This will allow it to cross-market its offerings with RWS By JAMIE LEE STAR Cruises held under Genting Hong Kong has secured priority berthing rights with Singapore Cruise Centre’s international passenger terminal at HarbourFront for 10 years. The cruise operator said the agreement gave
      FILE PHOTO  -  277 words
    • 2558 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ456 1245 EY473 1940 Adelaide SQ278 1745 SQ279 2350 Amsterdam SQ323 0605 SQ324 2350 AZ3992 1615 KL835 1615 KL836 2355 Athens SQ398 0100 Atlanta DL281 0045 DL280 0535 Auckland SQ282 0635 SQ281 0850 SQ286 1900 SQ285 2115
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  • Page 22 Miscellaneous
    • 332 22 CRYPTIC CROSSWORD Across 7 Conventional and revolutionary paintings, say, in spectacle (8) 9 Union left in case of emergency (6) 10 Nimble agent set about run (4) 11 Ranter’s not composed, one without chance of success (3-7) 12 Obscure meaning with note put out in mystery (6) 14 Gold adds
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  • Page 23 Advertisements
    • 102 23 i y i y i i S/b i i °5/ O/O So °e^ f Q/^ e *$n a a fy/ e^ n v ®«/s... e m, e Q >1b^r e ep °/?V c S th Pq S fa **4% s Qr> H e c//. /<? //7 Of e b 9
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  • DINING OUT
    • 630 24  -  NEW RESTAURANT L’Entrecote 36 Duxton Hill Tel: 6238 5700 (no reservations taken) By Audrey Phoon THERE’S a certain Jack-of-all-trades type of local food stall that’s common in food courts and hawker centres. You know the sort it does mee pok, bak chor mee, laksa, Hokkien mee and
      630 words
    • 492 24  -  By AUDREY PHOON OVER this week and next, two chefs who have risen to the top of the Michelin ratings chart will be in town to cook up some very special meals. Here’s where you can get a taste of their talent. VISITING CHEFS Today: Santi
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    • 22 24 Mwm, w Win a pair of to KL Log on to II raveuersxjm the ultimate travel resource by SPH Sponsored By: firefly
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  • SINGAPORE STOCKS
    • 9379 25 Week ended: Oct 29 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 18.5 unch 1101 19 18 17.5 18.5 1.7 9.8 5.9 88.6 12 5 5834 A-Sonic
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    • 1870 26 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 4.5 +0.5 371 4.5 4 4 5 25 4.3 225 130 6222 t APStrategic 164 -5
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    • 917 26 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 115 -2 69 118 115 111 115 525 1036 760 CIMBAsean40 100US$ US1014 +4 468 1027 982
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    • 268 26 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55 38 6000 AVJennings A50 unch 33 55 50 52 55 3.6 7 4 130.2 55 16 6017 Genting HK US$ US45 unch *****0 47.5
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    • 115 26 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 2.140 CapitaLand 3.890 -0.010 CapitaMall 1.980 +0.020 CityDev 12.720 -0.240 ComfortDelGro 1.480 +0.020 DBS Grp 13.900 -0.040 F&N 6.240 +0.030 Genting SP 2.170 +0.010 Golden Agri 0.650 -0.015 HK Land 6.900 +0.140 JMH
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    • 186 26 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 6 0 0 0 5 8 6 Manufacturing 59 111 61 9 14 18 68 125 79 Commerce 21 33 26 5 11 5 26 44 31 Tpt/Stor/Comms 11 29 6
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    • 123 26 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 161,375 161,375 418,928 418,928 Manufacturing 2,617,355 164,054 2,781,409 1,848,844 10,488 1,859,332 Commerce 393,909 107,727 501,636 535,581 14,876 550,457 Tpt/Stor/Comms 791,479 2,640 794,119 955,672 345 956,017 Finance 235,610 412 236,022 2,282,479 58 2,282,537 Construction 165,739 737,209
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    • 2635 26 Transaction date: Oct 29 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.48 unch 0 Aeon Stores 16.90 -0.50 2 Angang Steel 12.18 -0.14 ***** Anhui Conch 32.50 -0.60 4685 Anhuiexpresswa 5.90 0.14 2487 Asia Satellite 14.00 unch 0 Asm Pacific 69.90 0.60 738 Bank Of E Asia 33.10
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  • Page 26 Advertisements
    • 26 26 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 374 27 In local curr In S$ In US$ dy yr dy yr dy yr Oct 29 Index Change Change Change Change Change Change World Index Preliminary 854.1 -0.1 2.6 -0.2 -3.7 0.0 4.5 EAFE Preliminary 774.4 -0.2 -1.3 -0.2 -5.7 0.0 2.3 Europe Preliminary 1149.8 -0.1
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    • 121 27 Oct 29 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.31 1.236 Can dollar 1.293 1.244 Euro 1.839 1.769 Sterling pound 2.107 2.026 NZ dollar 1.004 0.957 US dollar 1.317 1.267 Local dollars to 100 units of foreign
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    • 29 27 Oct 29 Open High Sett STI Nov 3121 3121 3138 SIMSCI Nov 369.8 371.4 369.5 Taiwan Nov 294.3 295.9 293.9 Source: MF Global (S) Pte. Ltd
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    • 178 27 Oct 29 $S Offer Bid 0vernight 0.03 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.35 0.25 1 month 0.48 0.28 2 months 0.50 0.30 3 months 0.53 0.33 6 months 0.62 0.52 9 months 0.80 0.60 12
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    • 22 27 Oct 29 S$ Bid Offer 1-month 1.2989 1.2999 2-months 1.2989 1.2998 3-months 1.2989 1.2999 6-months 1.2991 1.3000 Source: OCBC
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    • 76 27 Oct 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 10 3040 3040 3053 3040 189 1774 Dec 10 3063 3058 3071 3048 1330 9916 Jan 11 3068 3061 3078 3048 8584 ***** Feb 11 3068 3061
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    • 418 27 Oct 29 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6650 0 8605 Mar11 99.6200 0 2257 Jun11 99.5800 0 1569 Sep11 99.5100 0 2066 EUROYEN TIBOR FUTURES Dec10 99.6775 99.6800 99.6775 99.6800 200 3022 Mar11 99.6925 0 1551 Jun11 99.7000 99.7000 99.7000 99.7000 100 2048
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    • 164 27 Oct 29 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Nov 10 399.0 399.0 397.0 2 300 Dec 10 397.0 395.0 397.0 70 525 Jan 11 398.0 397.0 398.0 60 649 Feb 11 400.0 400.0 400.0 16 732 Mar
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    • 88 27 Oct 29 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 27.01.2011 0.29 1-Year BY*****N 01.11.2011 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.95 103.97 103.95 5-Year N*****0S 2.875 01.07.2015 109.08 109.15 109.10
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    • 105 27 Oct 29 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 10 1226.00 1225.00 1227.00 1214.25 Jan 11 1236.00 unch 1238.00 1225.00 Mar 11 1240.25 1240.50 1241.75 1230.00 May 11 1239.75 unch 1240.25 1229.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 10 49.30 49.70 49.75
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    • 77 27 CRUDE OIL PRODUCTS Oct 28 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 83.76 1.66 WTI (Near Mth) 82.00 0.14 Dubai (1-Mth F) 80.90 0.81 Tapis blend 87.55 0.75 Minas 82.90 0.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 83.61 1.05 Jet Kerosene 93.95 0.65 US$/barrel Opec Oil
      77 words
    • 2696 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2.5 -0.5 1192 1 3 -8 2.40 2 6221 Asia-Pacific Strategic W*****6 39 1 150 15 4.21 43 6227 ASJ Hldgs W*****1 3.5 1 4
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    • 464 27 Oct 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.996 6.502 0.703 7.555 43.331 86.983 0.785 10.953 3.030 1.291 83.618 41.899 1.266 6.841 0.963 29.876 29.194 0.613 0.974 Canada 1.004 6.528
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    • 85 27 Oct 29 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 154 27 Oct 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2648 1.2664 0.9737 0.9742 Canadian dollar 1.2700 1.2715 0.9777 0.9782 Euro 1.8000 1.8019 1.3857 1.3862 NZ dollar 0.9793 0.9806 0.7539 0.7544 Sterling pound 2.0646 2.0666 1.5894 1.5898
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    • 138 27 Oct 29 GOLD (US$/oz) Oct 28 Oct 29 Hong Kong 1328.70 1338.00 Oct 29 Oct 28 London 1346.90 1334.87 1347.90 1335.64 Source: Thomson Reuters CAST BAR Oct 29 (S$) Selling Buying Kilobar 60,112.60 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 135 56 5gm 382 280 10gm 683
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    • 69 27 Oct 29 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2316.00 2318.00 3 months 2344.00 2347.00 Copper, Grade A (US$/tonne) Cash 8186.75 8329.00 3 months 8200.00 8340.00 Lead (US$/tonne) Cash 2426.75 2480.50 3 months 2449.00 2505.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • 82 27 Oct 29 COCOA (£/tonne) Close Prev High/Low Dec 10 1856 1872 1879/1851 Mar 11 1886 1903 1908/1881 May 11 1903 1919 1922/1897 Jul 11 1923 1933 1940/1915 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1965 1882 1970/1873 Jan 11 1970 1914 1981/1902 Mar 11 1955 1912 1961/1900 May 11
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    • 5738 28 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.
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  • Page 29 Advertisements
    • 28 29 r FREIGHT FORWARDER urgently needed by shippers 1 Can they find your here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
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  • BizIT
    • 695 30  -  Firms in Asia can host apps here and enjoy low latency, Amazon.com’s CTO tells RAJU CHELLAM RAJU CHELLAM IF you want to test your solution on a global cloud platform for a full year and pay nothing for it, here’s your chance. Starting today,
      695 words
    • 648 30 IF you have a big idea but don’t have huge computing and storage resources to try it out, here’s your chance to get the resources you need to bring your idea to market. The government is offering Singaporeregistered companies, research
      648 words
    • 1052 30  -  Analyst says size does not necessarily equal profitability By AMIT ROY CHOUDHURY IT may not always be apparent but perhaps the single most innovative piece of technology that we will witness in our lifetime is something we already take for granted in Singapore.
      1,052 words
    • 343 30  -  By VICTORIA HO IN two weeks, Samsung will launch its answer to the Apple iPad tablet device here, the Galaxy Tab. The Korean electronics giant will make the Wi-Fi and 3G-enabled tablet available to customers through bundled price plans with SingTel here.
      343 words
    • 314 30 THE AT Kearney report threw up some very interesting data about what happens on the Internet. Chua Soon Ghee, VP at AT Kearney, notes that the increase in bandwidth with the introduction of broadband is largely because of the growth of con-tent-rich traffic and this is changing the
      314 words
    • 806 31  -  Analytics will evolve to cover more aspects of business, as well as industries By VICTORIA HO BUSINESS Intelligence (BI) became a household name a few years ago with the high-profile acquisitions of BI vendors such as Hyperion by Oracle in 2007. Oracle’s rival
      806 words
    • <what’s up>
      • 35 31 MAHINDRA Satyam has appointed Manish Goenka to head its Oracle practice for Asia-Pacific. Mr Goenka, who brings with him 25 years of industry experience, will be based in Singapore.
        35 words
      • 42 31 PHIL Mottram is the new executive director of global sales at Telstra International. Mr Mottram has 20 years of experience in the telecoms industry and will report to Tarek Robbiati, group managing director for Telstra International Group.
        42 words
      • 34 31  -  Compiled by VICTORIA HO AUDIO manufacturer Jabra has appointed Mark Leigh as its Asia-Pacific president, based in Singapore. Mr Leigh will oversee the firm’s operations in 14 local markets.
        34 words
    • 273 31 Bloomberg [WASHINGTON] The US needs to boost spending on innovation and education to create the highly educated workforce and new technologies needed to compete in a global marketplace increasingly dominated by low-cost competitors such as China, according to the chief executive officers of
      Bloomberg  -  273 words
    • 240 31  -  By VICTORIA HO ANDROID developers in Singapore are set to benefit from a new training programme launched by International SQL Star and the Singapore Infocomm Technology Federation (SiTF). International SQL Star, a global IT services company with a presence here, has taken “hundreds” of engineers
      240 words

  • Page 31 Advertisements
    • 1231 31 BEATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TECH PACIFIC (SINGAPORE) LTD (INMEMBER'S VOLUNTARY LIQUIDATION! (COMPANY REGISTRATION NO. *****1366W) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of
      1,231 words
    • 1383 31 :*ATci NOTICES -iTranscu Group Limited TRANSCU GROUP LIMITED (Company Registration No.: *****0320E) (Incorporated In the Republic of Singapore) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Transcu Group Limited (the "Company") will be held on 16 November 2010 at 10 a.m. at RELC International Hotel, Tanglin 1 (Level
      1,383 words

  • Page 32 Advertisements
    • 187 32 i i n C| m Mm i '7 i 7\ v I 351 raaffi&s 471 2WV-: es S Is v* •&lt;* spr m £5fcff &lt;-■ m n &M t* •r ■-&gt; fijrt mz c &gt;«T» 5 '4V' &gt; m •'&gt;' ml -V itC &R M ■.&gt;: MMzm W •*&gt; J+&gt;K
      187 words