The Business Times, 9 November 2010

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, November 9,2010
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  • 965 1  -  As caution sets in, the difference between winning bids and the rest starts to narrow By KALPANA RASHIWALA [SINGAPORE] Developers looking to build homes are no longer bidding with wild abandon at Government Land Sale tenders as the impact of the property
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  • 515 1  -  SGX proposal to end lunchtime trading break could hit F&B outlets in CBD area By NISHA NISHA RAMCHANDANI [SINGAPORE] Remisiers are not the only ones less-than-enthusiastic about the Singapore Exchange’s (SGX) proposal to scrap the lunchtime trading break. Food and beverage (F&B) outlets in the
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  • 147 1 G ST INDEX 3,300.40 (+60.09) G ST INDEX FUTURES 3,296 (+75) G SIMSCI 388.13 (+9.53) G SIMSCI FUTURES 387.50 (+8.50) FOREX US$ S$ US$ (S$ per US$) 1.287 (US$/S$ per 1.616 2.079 EURO (US$/S$/E) 1.396 1.796 Foreign currency per US$ S$ YEN 81.20 63.10 RM 3.090 2.402 HK$
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  • Page 1 Advertisements
    • 217 1 SME INC Local ginger that’s real hot in HK PROPERTY Scotts Square snags Hermes as maiden tenant CORPORATE RESULTS Sembcorp’s Q3 net profit up 65% PAGE 5 THE CONFERENCE BOARD What lies ahead for global economies PAGE PAGE 30 PAGE 11 DESIGNED FOR PERFORMANCE. ENGINEERED FOR ELEGANCE. <" Self-winding mechanical
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    • 12 1 Moving up the value chain LEADERS’ PERSPECTIVE I Page 32 *****1 *****4
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  • TOP STORIES
    • 660 2  -  Enforceable targets to tackle imbalances are not expected By EMILYN YAP [SINGAPORE] Dramas at international forums can be some of the most anticlimactic, and market watchers seem to be bracing themselves for a predictable episode at the upcoming Group of 20
      AP  -  660 words
    • 278 2  -  By LYNN KAN [SINGAPORE] Readers of The Business Times may now order published pages as well as published photographs from Singapore Press Holdings. These can even be made into calendars. Starting tomorrow, SPH PhotoBank (www.photobank.com.sg) will offer these new services on
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    • 584 2  -  Malaysia Airlines’s budget carrier plans aggressive fleet and network expansion By PAULINE NG in Kuala Lumpur COMPETITION in the regional budget aviation segment is set to rise significantly next year when Malaysia Airlines’s budget subsidiary Firefly embarks on an aggressive fleet and
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    • 533 2 Developers mind the gap in land bids DEVELOPERS looking to build homes are no longer bidding with wild abandon at Government Land Sale tenders as the impact of the property cooling measures kicks in. This can be gauged from the fact that the gap between the two top
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    • 568 2 Move likely to involve dollar, euro, yen, pound, yuan Reuters [LONDON] Leading economies should consider adopting a modified global gold standard to guide currency rates, World Bank president Robert Zoellick said yesterday in a surprise proposal before a potentially acrimonious
      Reuters  -  568 words
    • 639 4 The move could face resistance from some permanent members Reuters Bloomberg [NEW DELHI] US President Barack Obama endorsed yesterday India’s long-held demand for a permanent seat on the United Nations Security Council, a reflection of the Asian country’s growing global weight and its
      Reuters; Bloomberg; AFP  -  639 words
    • 586 4 It has forced carrier to add extra services on some routes AFP [SYDNEY] Qantas kept its Airbus A380 superjumbos grounded for at least three more days yesterday after finding oil leaks in some engines, reviving safety fears after two mid-air blow-outs last
      AFP  -  586 words
    • 721 4  -  Region can navigate structural changes while maintaining robust growth By ANTHONY ROWLEY in Tokyo SOUTH-EAST Asian economies should be capable of maintaining an average economic growth rate of 6 per cent over the next five years, the OECD says in
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    • 890 4  -  With a new focus on landscapes and the environment By JOYCE HOOI [SINGAPORE] The world of architecture and planning can be surprisingly full of upheaval, as Nina Yang found out. The executive director of CPG Corporation has seen her employer go from
      YEN MENG JIIN  -  890 words
  • Page 2 Advertisements
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    • 8 2 Editorial: Global rebalancing needs G-20’s attention, Page 22
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  • Page 3 Advertisements
    • 133 3 We were there when our grandparents used to hide their life savings under the bed. We were there when our parents kept their passbooks locked up in a drawer. We were there when most people did their banking in banking halls. These days, most people do their banking online. We
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  • Page 4 Advertisements
    • 615 4 NOTICES BUY IT• SELL IT• FIND IT IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SCOTIA INVESTMENTS PTE. LTD. COMPANY REG. NO. *****5600R (IN MEMBERS’ VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed Company held at 163 Penang Road #02-03 Winsland
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  • COMPANY NEWS
    • 458 5  -  Marine division fares best in terms of earnings, with 67% growth By JOYCE HOOI SEMBCORP Industries has posted a 64.8 per cent surge in net profit for its third quarter ended Sept 30, from $148.1 million to $244.1 million. Excluding an exceptional $32.1 million
      BLOOMBERG  -  458 words
    • 351 5  -  By VICTORIA HO AN independent investigation conducted by JLJ Holdings has found none of its executives authorised the alleged payouts made in the Apple bribery case, the company said in a Singapore Exchange (SGX) filing last night. The local plastics manufacturer has been
      351 words
    • 700 5  -  HOCK LOCK SIEW By R SIVANITHY ONE of the areas not touched upon in all the reports surrounding Singapore Exchange’s (SGX’s) proposed takeover of the Australian Securities Exchange (ASX) both here and in Australia is the issue of how exactly the two exchanges
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    • 411 5  -  MOH suspension of fertility unit to have no material impact By CHEN HUIFEN THOMSON Medical Centre yesterday said that the suspension of its fertility treatment unit would not have a material impact on current year financial results, as it does not expect any significant
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    • 519 6 Unit-holders recommended to vote in favour of planned transactions A PROPOSED asset swap between Keppel Land and its unit K-Reit Asia would increase the latter’s distribution per unit (DPU) by 4 per cent without the need for equity raising, according to a circular
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    • 520 6 At a glance 3 months ended Sept 2010 9 months ended Sept 2010 NET PROFIT (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 Sembcorp Ind 564.20 423.68 33.2 6695.20 7155.43 -6.4 244.13 148.13 64.8
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    • 475 6  -  Strategy tends to outperform others in most rising markets By CONRAD TAN INVESTING in stocks that offer high dividend yields but pay out only a small proportion of their earnings tends to outperform other strategies in the long term, according to Credit Suisse analysts. “High-yield,
      BLOOMBERG FILE PHOTO  -  475 words
    • 315 6  -  By NISHA RAMCHANDANI PARKWAY Life Real Estate Investment Trust (PLife Reit) has reported a 17.8 per cent year-on-year increase in distribution per unit (DPU) to 2.25 cents for the third quarter ended Sept 30, on the back of yield-ac-cretive acquisitions in Japan and
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    • 456 6  -  By KAREN NG LOGISTICS company CWT has reported a 9 per cent drop in third-quarter net profit to $6.3 million, from $6.9 million a year earlier, despite revenue surging 23 per cent. “The increase in revenue from rising freight rates since the
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    • 339 6  -  By FELDA CHAY HIGHER costs of sales cast a shadow over Delong Holdings’ third-quarter results, dragging down income attributable to shareholders 69.6 per cent to 44.2 million yuan (S$8.5 million). While revenue for the quarter ended Sept 30 rose 16.7 per cent to 2.5 billion
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  • Page 5 Advertisements
    • 127 5 1story 7days 60 one-on-ones One Credit Suisse with you all the way Credit Suisse Equities To raise capital, you need an experienced team with you every step of the way. Credit Suisse will get you in front of the right investors, help you deliver a powerful pitch, and work with
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  • Page 6 Advertisements
    • 30 6 a SOH DESIGN PARTNERSHIP CORPORATE OFFICES PRIVATE RESIDENCES COMMERCIAL ESTABLISHMENTS SHOW FLATS CONSERVATION PROJECTS ARCHITECTURE AND INTERIOR 102 AMOY STREET SINGAPORE *****2 t: 6222 3007 f 6224 3007 W WWW.SOhodp.com
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    • 33 6 4th Anniversary SALE 50%" all bonsai Bonsai Gallery ilie Ii v ng a r i )o r m 60 Jalan Penjara, Plot 6, GardenHub, Singapore *****5 Tel: 6763 1180 www.bonsaigallery.sg While Stocks Last
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  • Page 7 Advertisements
    • 149 7 r t •v»sr i 7* IT MIGHT NOT BE YOUR FIRST TIME ATTHE MONACO GRAND PRIX. 5S1 V 1 <rr._ mm 7, BUT IT'S THE FIRST TIME > YOU D WATCH IT FROM t v. fe?Jm u 54 V (V Co Si > 1. i i W k THE OCBC
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  • SINGAPORE MARKETS
    • 565 8  -  Penny stocks account for a fair proportion of the day’s heightened volume of around 3 billion units worth $3 billion STOCKS R SIVANITHY Senior Correspondent AS EXPECTED, the US Federal Reserve’s announcement last week of a US$600 billion “QE2” or second round of money
      Source: Bloomberg  -  565 words
    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 1 5 0 0 0 11 1 5 Manufacturing 78 40 78 6 2 19 84 42 97 Commerce 23 20 26 6 4 5 29 24 31 Tpt/Stor/Comms 23 9 12
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    • 121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 36,846 36,846 120,896 120,896 Manufacturing 483,218 12,840 496,058 476,628 972 477,600 Commerce 177,951 19,769 197,720 307,946 2,957 310,904 Tpt/Stor/Comms 206,173 100 206,273 343,100 15 343,115 Finance 52,348 155 52,503 496,848 23 496,871 Construction 146,673 234,602
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    • 113 8 Stock name Close Change Stock name Close Change CapMallsAsia 2.140 +0.020 CapitaLand 3.940 +0.020 CapitaMall 2.000 +0.010 CityDev 13.480 +0.260 ComfortDelGro 1.480 -0.020 DBS Grp 14.120 -0.100 F&N 6.750 +0.050 Genting SP 2.340 +0.070 Golden Agri 0.780 +0.080 HK Land 7.270 +0.120 JMH 48.000 +1.040 JSH
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    • 4 8 DAILY
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    • 66 8 Nov 8 VALUE CLOSE BT OB/OS 219.00 +215.0 BT CADI -*****.00 +154.0 BT 10-day MA -*****.00 +22.00 FTSE ST Mid Cap 820.70 +16.73 FTSE ST Small Cap 597.53 +3.71 FTSE ST All Share 815.87 +14.53 FTSE ST China Top 307.74 +6.81 FTSE ST China 349.14 +5.29 FTSE
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    • 60 8 VOLUME TopGlobal W*****9 308,198,000 TopGlobal 232,073,000 Golden Agri 184,341,000 Genting SP 155,083,000 *Genting HK US$ 102,005,000 Noble Grp 88,573,000 GMG Global 65,955,000 Rowsley 63,240,000 UniFiber 59,303,000 HLH Grp 54,626,000 VALUE($) Genting SP 357,335,750 Noble Grp 186,576,780 DBS Grp 178,606,152 OCBC Bk 143,936,090 Golden Agri 138,010,190 CapitaLand 123,912,170
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    • BROKERS’ TAKE
      • 428 8 Singapore DMG PARTNERS SECURITIES Nov 8 UOB is attractive with price-to-book (P/B) discount to OCBC. UOB’s Q3 2010 net profit was 16 per cent above consensus expectations, while DBS and OCBC was 10 per cent and 2 per cent above respectively. This came on the back of strong
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      • 457 8  -  Sembcorp Nov 8 close: $4.93 CIMB RESEARCH, Nov 8 Compiled by JAMIE LEE Q3 2010 core net profit of $243 million (+68 per cent y-o-y) is 42 per cent above our estimate and 57 per cent above consensus due to strong-er-than-expected margins. Q3 2010 net profit of $296
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    • 536 8 CURRENCIES [LONDON] The euro fell broadly yesterday on renewed concerns about eurozone peripheral debt, while investors trimmed short dollar positions built up before the US Federal Reserve eased monetary policy last week. Solid US jobs data on Friday also helped the dollar recover
      REUTERS  -  536 words
    • 105 8 BY CENTS CLOSE UP GLD 10US$ ***** 333.1 1.9 IS S&P500 ***** 264.9 1.7 JSH 2892 182.6 5.2 DBXT Nifty 10US$ ***** 138.9 0.8 JMH 4800 133.8 2.2 DBXT MSEurope 10US$ 4635 122.2 2.1 DBXT FTVietnam 10US$ 3671 91.3 2.0 DBXT FTChina25 10US$ 3469 78.5 1.8 DBXT MSTHAI 10US$
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    • 124 8 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 4676 -72.0 -1.2 Jardine C&C 3826 -22.0 -0.6 DBXT MSKorea 10US$ 5536 -19.3 -0.3 DBXT E50 10US$ 4323 -10.3 -0.2 DBS Grp 1412 -10.0 -0.7 Venture Corp 931 -8.0 -0.9 Lyxor Korea 10US$ 486 -7.7 -1.2 Elec Eltek 298 -5.1 -1.3
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    • 5 8 DAILY
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  • COMPANY NEWS
    • 332 9  -  It forms strategic partnership with Ginwa Group By LINETTE LIM TREASURY China Trust (TCT) has entered into a strategic partnership with Ginwa Group to tap the emerging commercial real estate market in central and western China. The agreement, which will have an initial
      332 words
    • 266 9  -  By TEH SHI NING MFS Technology said yesterday that its pre-tax loss for the full year ended Sept 30 narrowed to $9.3 million, from $15.6 million the year before. But it is still a third consecutive annual loss and MFS Tech also alerted investors
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    • COMPANY BRIEFS
      • 41 9 ST Engineering has secured about $370 million worth of new airframe heavy maintenance contracts in the third quarter of 2010 through unit ST Aerospace. These contracts will be fulfilled by its global MRO network.
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      • 37 9 KEPPEL Land subsidiary Straits Property Investments has bought 11.85 per cent of Ocean Properties from HSBC for $107.1 million. The purchase will boost its stake in OPPL to 87.51 per cent.
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      • 44 9 TOP Global yesterday said that CEO Sukmawati Widjaja will take over as executive chairman, relinquishing her post to her son, Hano Maeloa. Jennifer Chang has been made COO while Robin Ng replaces Joseph Wang, who has resigned, as CFO.
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      • 46 9 ST Engineering has set up a unit in Brunei to execute a $66.5 million contract for an integrated waste management facility. The project involves an engineered landfill, a transfer station plus three years of operations and maintenance of the facility.
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      • 34 9 ORCHARD Parade Holdings’ net profit for the third quarter of 2010 has doubled to $22.57 million. The company said yesterday that sales grew 89.5 per cent to $67.75 million.
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      • 55 9 LUM Chang Holdings yesterday said that its net profit for the first quarter ended Sept 30 fell 47 per cent to $3.76 million. Revenue was also weaker, at $35.34 million, down 33 per cent from a year ago which saw revenue recognition of $46.7
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      • 31 9 SERIAL System yesterday said that it has submitted an application to the Taiwan Central Bank for its proposed issue of Taiwan Depository Receipts, announced earlier.
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      • 42 9 BEST World International slipped into a Q3 net loss of $273,000 from a net profit of $1.26 million a year ago. Revenue for the quarter fell 21.9 per cent to $11.3 million, from $14.5 million previously.
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      • 50 9 WILMAR International has received approval from Australia’s Foreign Investment Board for its US$1.5 billion purchase of Australian raw sugar exporter Sucrogen. It also said yesterday that its syndicated term loan facility of US$1.1 billion to finance the acquisition has been up-sized to US$1.3 billion.
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    • 332 9  -  Two-thirds stake in mall cum office development to cost 1.45b yuan By TEH SHI NING CAPITALMALLS Asia (CMA) said yesterday it has agreed to buy a two-thirds stake in a shopping mall and office development in Shanghai for about 1.45 billion
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  • Page 9 Advertisements
    • 289 9 See the world of ETFs through our eyes. iShares* Keep evolving iShares, the world's leading ETF provider, now offers four convenient ways to access global markets from Singapore. iShares S&P 500 Index Fund (117) iShares MSCI Singapore Index Fund (119) iShares MSCI India (198) iShares MSCI Dow Jones U.S. Technology
      289 words

  • SINGAPORE NEWS
    • 640 10  -  Growing a business requires investment in knowledge and people By LYNN KAN THINK of India’s Tata Group buying iconic carmakers, Rolls Royce and Jaguar. From now on, that’ll be the new normal, says Brand Union’s CEO Simon Bolton as Asian firms become more prolific brand
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    • 478 10  -  This, in turn, could lead to problems or delays in building $1.2b S’pore plant By RONNIE LIM FINLAND’S Neste Oil which is in the midst of starting up a $1.2 billion renewable diesel plant here has warned that demand may be crimped
      478 words
    • 338 10  -  84% of respondents expect year-end base salary increments or variable bonuses: Randstad By KAREN NG IF you are content in your job, you are part of the majority or so says Randstad, a recruitment and human resources services company. The World of
      338 words
    • 428 10  -  By CHAN SWEE KHUAN WONG Hong Ting, 26, will be in Kansas City, USA from Nov 17-19 to pitch his business plan to a panel of international judges at the 2010 Global Student Entrepreneurship Awards (GSEA). Mr Wong will be representing Singapore at the GSEA, after
      YEN MENGJIIN  -  428 words
    • 440 10  -  They sell original works by artists from Vietnam, Indonesian and Singapore By CHAN SWEE KHUAN THEY may not be artists themselves, but these recent business graduates are already making headway in debunking the myth of the “starving artist”. Ng Cai Lin, 23, and Shannon
      440 words
    • SINGAPORE ROUNDUP
      • 48 10 NOMINATIONS for the President’s Award for the Environment 2011 are open from today to Jan 17, 2011. Members of the public are invited to nominate individuals and organisations that have contributed significantly to Singapore’s environmental sustainability efforts. For details, go to www.mewr.gov.sg/ presidentsaward
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      • 71 10 THREE facilities supporting children’s mental health Reach, the Singapore Institute for Clinical Sciences’ Neurocognitive Development Centre and KK Hospital’s Department of Child Development have come together in one location to carry out early intervention and research into the mental health and development of children. The
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      • 43 10 SENIOR managers at 71 hotels here, gathered at the Hotel Transformation 2010 Conference, have affirmed their commitment to enhancing productivity. The commitment was made via a pledge witnessed by Heng Chee How, Minister of State, Prime Minister’s Office.
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  • SME Inc
    • 1120 11  -  Luxury crocodile-skin bag maker Kwanpen is optimistic that eventually locals will be won over too, reports KAREN NG KAREN NG MENTION Gucci or Louis Vuitt o n when you’re holding a bag and most Singaporeans will know what you are talking about. But
      ARTHUR LEE  -  1,120 words
    • 1171 12  -  The founder of the education services provider puts her successful overseas forays down to intuition, writes FELDA CHAY BLUESKY FESTIVAL FELDA CHAY IF you ask EtonHouse International founder Ng Gim Choo about the secret of her success, she just might say that it’s intuition. After
      JOHN HENG  -  1,171 words
    • 1328 12  -  Horizon Energy Systems will stay focused on the aerospace sector with its Aeropak propulsion system, reports VICTOR KATHEYAS VICTOR KATHEYAS ‘OUR motto is simple,” says Gareth Tang, managing director of Horizon Energy Systems. “Think big, start small.” That’s the perfect motto, considering the remarkable growth
      ARTHUR LEE  -  1,328 words
    • 1045 14  -  While toppling the market leader may be difficult, challengers can always get consumers to think of better alternatives COMMENTARY By ANG SWEE HOON The writer is associate professor in the Department of Marketing, NUS Business School. She specialises in advertising, consumer behaviour and branding.
      1,045 words
    • 461 14  -  By TEH HOOI LING A RISING tide lifts all boats but some more than others, it seems. The flow of liquidity into the region has generally lifted markets in this part of the world. Our small-cap portfolio advanced 1.9 per cent compared with
      461 words
    • 1273 14 THIS WEEK’S TOPIC The Monetary Authority of Singapore expects the inflation rate to rise to about 4 per cent by end of this year. For the first nine months, the Consumer Price Index has already gone up 2.4 per cent year on year. Is your business
      YEN MENG JIIN  -  1,273 words
  • Page 11 Advertisements
    • 27 11 Froger Fred LIKE OUR CHAMPIONS For more information please contact: Olivier Gougeon, Chief Executive Officer (Singapore South Asia) Tel.: (65) 6303 3888 www.privatebanking.societegenerale.asia WE AIM FOR PERFECTION.
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  • Page 12 Advertisements
    • 47 12 A reason to sign up Hurry and sign up for the BlueSky Festival. The first 500 who sign up will receive one year’s free supply of The SME Magazine, courtesy of UPS. To register, visit www.blueskyfestival2010.sg. The first 500 will be informed via e-mail by Nov 18.
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  • Page 13 Advertisements
    • 1221 13 Lenovo® recommends Windows® 7 Professional. a I FROM BOARDROOMS TO FT TRACKS. THE LENOVO STORY. For the second year running, Lenovo® PC technology helps power the Vodafone McLaren Mercedes team Poth on the track and at the team's headquarters in Woking, UK. Operating a global racing team with more than
      1,221 words

  • Page 14 Advertisements
    • 30 14 FIND THE ONES J THAT FIT! Recruit the right people _J through CATS Recruit. Call 1800 289 8822 or email V.,, recruit@sph.com.sg J to advertise. 1 n r. J 1
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    • 112 14 Voices Next week’s topic: BIG firms, by virtue of their size, tend to be in the spotlight. In contrast, SMEs have fewer platforms to make their names and achievements known. Does this add to the challenges that SMEs face, and what initiatives would you recommend to create more platforms for
      112 words

  • SINGAPORE EXPERIENCE AWARDS
    • 568 15  -  Sea Asia 2011 will cover 20 per cent more space and also see increased participation from China, reports NISHA RAMCHANDANI Singapore has been ranked the Top International Meetings City for the third year running by the Union of International Associations (UIA). These three winning
      568 words
    • 912 15  -  Reports by NISHA RAMCHANDANI IN today’s dynamic business landscape, tax legislation is changing much quicker and growing more complex than before. “All around the world, laws and practices are changing much faster,” said Russell Aubrey, Ernst Young’s (E&Y) head of tax.
      912 words
    • 490 15 DELIVERING a quality travel conference that is timely, relevant and engaging is hardly an easy feat especially in an industry which changes so quickly. Yeoh Siew Hoon, editor and producer of Web In Travel (WIT), has found that one way to get
      490 words
  • Page 15 Advertisements
    • 122 15 This is the third of a 4-part series brought to you by the Singapore Tourism Board As the most prestigious awards platform in Singapore’s tourism industry, Singapore Experience Award recipients individuals and organisations from sectors encompassing hospitality, retail, dining, entertainment, attractions, business travel and MICE, education and healthcare are judged
      122 words

  • ECONOMY WATCH
    • 712 16 Deficits or surpluses not amenable to limits or targets, he tells ministers Bloomberg [SINGAPORE] US Treasury Secretary Timothy Geithner refrained from pushing for current account targets and China hailed the potential effect of Federal Reserve easing at a finance ministers’ meeting days before
      Bloomberg; REUTERS  -  712 words
    • 470 16 Both hope to reach settlement before Obama meets Lee at G-20 summit Reuters [SEOUL] South Korea and the United States failed to reach agreement in high-level talks yesterday to resolve outstanding differences that could clear the way
      Reuters  -  470 words
    • 492 16 He renews call for fresh investments in infrastructure LAT-WP [WASHINGTON] Without additional government action to spur hiring, President Barack Obama said he fears the US economy could enter a “new normal” in which corporate profits are high but the number of
      LAT-WP  -  492 words
    • 301 16 Reuters [CANBERRA] Australia’s government finances remain in good shape and the government will still deliver a budget surplus in 2012/13 despite a high Australian dollar hurting revenue, Finance Minister Penny Wong said yesterday. Treasurer Wayne Swan will release a mid-year budget review today,
      Reuters  -  301 words
    • 595 16 They may have to meet tough pay and leverage conditions Reuters [HONG KONG] Hedge funds and private equity firms based in Asia face tough new rules on pay and leverage from a regulatory overhaul set to pass in Europe this
      Reuters  -  595 words
  • Page 16 Advertisements

  • MALAYSIA/INDONESIA
    • 539 17  -  It’s also unattractive as it undervalues Sunrise’s shares, says AmResearch By S JAYASANKARAN in Kuala Lumpur AT least one Malaysian securities house has panned the proposed RM1.4 billion (S$583 million) takeover of property developer Sunrise by state-owned UEM Land Holdings (UELH) as
      539 words
    • 364 17 Bloomberg [KUALA LUMPUR] Malaysia’s economic growth may slow as global demand falters, and the government needs to improve its finances while ensuring that measures to attract investment are implemented, the World Bank said. Gross domestic product (GDP) may expand 4.8
      Bloomberg  -  364 words
    • 500 17 [KUALA LUMPUR] Businessman Ting Pek Khiing, the former developer of the Bakun project via Ekran Bhd, has been declared a bankrupt by the Kuala Lumpur High Court, Malaysia’s Business Times (MBT) reported yesterday. The bankruptcy declaration follows a legal suit initiated in 2004 after Mr
      FILE PHOTO  -  500 words
    • 457 17 His trip seen as helping improve ties with Muslim world Reuters [JAKARTA] US President Barack Obama’s second leg of his Asia visit takes him to Indonesia today, the world’s largest Muslim country which sees him as a leader who not only could repair ties with
      Reuters  -  457 words
  • Page 17 Advertisements
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    • 439 17 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS €0 NOTICES BUY IT- SELL IT- FIND IT a* Lianhe Zaobao Chinese govt conducts risk analysis an 60 selecte large property developers 60|t£gj!3tJijgi mnmmr J5cll&##r To subscribe, call
      439 words

  • GREATER CHINA/INDIA
    • 619 18 PM leads big team of business leaders to Beijing to court key economic power AP [LONDON] Britain’s Prime Minister David Cameron led his country’s largest ever official delegation to China yesterday, hoping to win trade and woo a powerful potential ally as London seeks to
      AP; AFP  -  619 words
    • 586 18 China’s closed capital markets cited as a major hurdle Reuters [SHANGHAI] Chinese lenders’ ambitions of making a big mark on the global investment banking stage and taking on names such as Goldman Sachs may take years to happen, keeping them reliant on
      Reuters  -  586 words
    • 177 18 Reuters [BEIJING] A record two trillion yuan (S$385 billion) worth of locked-up A-shares are tradable this week on the Shanghai and Shenzhen exchanges, which analysts said could raise the risk of sharp price swings, Xinhua reported over the weekend. The locked-up shares,
      Reuters  -  177 words
    • 475 18 Reuters [NEW DELHI] India and the United States could jointly set up a US$10 billion infrastructure fund, the Indian Trade Minister said yesterday, an initiative that is seen key to quickening growth in Asia’s third-larg-est economy. New Delhi is mulling several funds
      Reuters  -  475 words
    • 375 18 Reuters [SINGAPORE] Two Chinese state-owned enterprises stormed the international bond markets last week for a combined US$3 billion, opening the floodgates for what bankers expect will be a wave of similar deals. Sinochem Hong Kong printed an inaugural US$2 billion two-part Global
      Reuters  -  375 words
    • 287 18 Bloomberg [MUMBAI] Power Grid Corp of India, the nation’s biggest transmission company, and the federal government may raise 75.8 billion rupees (S$2.2 billion) through a share offer in a record year for asset sales in the country. The state-owned company and the
      Bloomberg  -  287 words
  • Page 18 Advertisements

  • ASIA-PACIFIC/WORLD
    • 456 19 They say members should refrain from quotas, measures that distort markets AFP [TOKYO] Business groups from around the world have urged leaders at this week’s G-20 summit to ensure the supply of rare earth minerals amid concerns that trade disputes could harm
      AFP  -  456 words
    • 703 19  -  F1 COMMENTARY By STEVE SLATER The writer is an F1 race commentator on STAR Sports’ coverage of the Formula One. Catch the season finale, the Abu Dhabi Grand Prix, online this weekend at www.espnplayer.sg ANOTHER great race, and with 18 of the 19
      AP  -  703 words
    • 623 19 A Pacific-wide trade pact would cover 44% of global trade AP [YOKOHAMA] Pacific Rim economies are debating whether to change the informal Asia-Pacific Economic Cooperation forum so that it can negotiate a sprawling free trade zone, Japanese officials said yesterday. The potentially
      AP; REUTERS  -  623 words
    • 336 19 Results suggest improving labour demand Reuters [SYDNEY] Australian job advertisements in newspapers and on the Internet rose to the highest level in nearly two years in October, auguring well for further gains in the official labour report due later
      Reuters  -  336 words
    • 325 19 Bloomberg [TOKYO] Federal Reserve Board governor Kevin Warsh said that the US central bank’s plan to buy US$600 billion of Treasury securities must be monitored for the risk it poses to disrupting market-set price-making. “The Fed’s increased presence in the market for
      Bloomberg  -  325 words
    • 281 19 AFP [TOKYO] Ministers of the 21-member Asia-Pacific Economic Cooperation (Apec) forum this week are likely to agree on banning fresh protectionist measures to safeguard the world economy, a report said yesterday. In a two-day ministerial meeting ahead of the Apec
      AFP  -  281 words

  • WORLD
    • 654 20 Investors see it as sign of desperation, uncertainty about extent of problems NYT Bloomberg [LONDON] Irish bonds tumbled for the 10th consecutive day, and the extra yield that investors demand to hold the debt instead of benchmark German bunds rose to a record
      NYT; Bloomberg  -  654 words
    • 596 20 Ruling Socialists do well in first round of contests AFP [ATHENS] Debt-hit eurozone member Greece avoided a snap election after Prime Minister George Papandreou shelved a threat to dissolve Parliament following strong performances by his Socialists in local contests held on Sunday. As
      AFP; REUTERS  -  596 words
    • 455 20 AP [BANGKOK] Tiger Woods met the prime minister of Thailand yesterday as he received VIP treatment during a short visit to his mother’s home country. Woods was to take part in a one-day, charity skins tournament later yesterday, on his first visit to
      AP; REUTERS  -  455 words
    • 475 20 Speaker seen trying to exploit a time of weakness for PM AFP [ROME] Italy’s government faces collapse after a call by Speaker of parliament Gianfranco Fini for his arch-rival Prime Minister Silvio Berlusconi to resign and negotiate a new coalition, political experts said yesterday.
      AFP  -  475 words
    • 290 20 Reuters [LONDON] Standard Chartered sold the few shares not taken up in its US$5.3 billion rights issue at just below a record high price, aided by optimism that the cash call will fuel strong growth at the Asia-focused bank. The fund raising will
      Reuters  -  290 words

  • THE CONFERENCE BOARD
    • 1178 21  -  One can’t talk about the short term without a view of the long term, The Conference Board’s chief economist tells ANNA TEO ANNA TEO WHEN The Conference Board’s chief economist, Bart van Ark, spoke to Singapore executives recently about the economic outlook, his main
      YEN MENG JIIN; PHOTOS: BLOOMBERG, AFP  -  1,178 words
    • 520 21  -  Reports by ANNA TEO BACK in the mid-1990s, controversy raged, for a while, around the in-put-driven growth streak of Asia’s “miracle Tigers”, with economists Paul Krugman and Alwyn Young basically debunking the “miracle” as myth. That debate while it has long since died is still very
      520 words
    • 266 21 A NEED to focus on broader Asian issues rather than be China-centric and not least, to address the huge human capital challenges in the region has led The Conference Board (TCB) to set up its Asia-Pacific head office in Singapore. The new regional office,
      266 words

  • EDITORIAL & OPINION
    • 465 22 EDITORIAL WORLD leaders of the Group of 20 or G-20 closed ranks decisively two years ago to fight off the worst financial crisis in decades. The upcoming G-20 summit in Seoul this week, however, is likely to be more divisive. While public talk of a
      465 words
    • 867 22  -  THE BOTTOM LINE WILLIAM PESEK JR William Pesek is a Bloomberg News columnist. The opinions expressed are his own THERE’S a bit of karma involved in the Group of 20 (G-20) holding its summit in Seoul. Thirteen years ago,
      867 words
    • 972 22  -  This week’s summit is a good chance for Asia to push for a rebalancing of global institutions BARRY DESKER The writer is dean of the S Rajaratnam School of International Studies (RSIS), Nanyang Technological University SOUTH KOREA is hosting the
      AP  -  972 words
    • 1188 23  -  As growth has its limits, it shouldn’t be the sole solution to reduce poverty; direct policy interventions should be considered By EJAZ GHANI SOUTH Asia presents a depressing paradox. It is among the fastest-growing regions in the world. But it is also home to
      REUTERS; Source: World Development Indicators, World Bank 2009  -  1,188 words
    • 896 23  -  PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT EIGHT years ago, Ben Bernanke, already a governor at the United States Federal Reserve although
      NYT; AFP  -  896 words


  • AVIATION
    • 590 24 Deal gives Airbus a foothold in a market where Boeing has had a near-monopoly AFP [TOKYO] Japan’s low-fare Skymark Airlines said yesterday it would buy four Airbus A380 superjumbos, with an option to buy two more, as it plans to launch international
      AFP; BLOOMBERG  -  590 words
    • 230 24 Xinhua [TIANJIN] The first light civilian helicopter developed and manufactured in China made its successful maiden flight in the northern port city of Tianjin yesterday. The two-tonne AC311 helicopter, developed and manufactured by the Aviation Industry Corporation of China (AVIC), has a
      Xinhua  -  230 words
    • 345 24 Pratt Whitney files Rolls Royce complaint Bloomberg [OAKLAND, California] United Technologies Corp’s Pratt Whitney jet-engine unit filed patent-infringe-ment complaints against Rolls-Royce Group Plc, a counterpunch in a dispute that may affect delivery of Boeing Co’s Dreamliner airplanes. Pratt Whitney said it filed a complaint on Nov 5 at the US
      Bloomberg  -  345 words
    • 555 24 AP [DUBAI] Airlines in the United Arab Emirates (UAE) say they have stopped carrying cargo from Yemen as a precaution following the discovery of two mail bombs shipped as air freight. The Middle East’s biggest airline Emirates, which operates out of Dubai, and Abu Dhabi-based
      AP  -  555 words
    • 3172 24 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 KU6458 1425 SQ458 1425 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 MU8213 1830 QF81 1830 Ahmedabad NH6292 1850 SQ530 1850 Amsterdam LO4031 0605
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    • 3373 25 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 24 Miscellaneous
    • 306 24 CRYPTIC CROSSWORD Across 7 One forgets and means to change current account (8) 9 Soundly beaten by Germany on the way (6) 10 Without water, a journey is cut short (4) 11 Media representative gift wrapping flag (5,5) 12 Kept it in the family (6) 14 Two of them prepared
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  • Page 25 Advertisements
    • 27 25 Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES
      27 words

  • 486 26 Average earnings for capesize vessels are down to around US$42,000 a day Reuters [GUANGZHOU] China’s expanding appetite for foreign iron ore, coal, and grains will not be enough to lift the world’s maritime industry out of its doldrums as it faces a flood of
    Reuters  -  486 words
  • 405 26 Reuters [GUANGZHOU] The Shanghai government has granted trading licences to shipbrokers Braemar Shipping, Clarkson, and at least three other foreign firms, allowing them to trade in the local currency for the first time, Braemar’s chief executive said yesterday. Shanghai, which surpassed Singapore as
    Reuters  -  405 words
  • 230 26 Reuters [GUANGZHOU] Confidence has returned to the global container industry, a key indicator of world economic growth, with shipping demand expected to outpace supplies next year, a senior executive said yesterday. Demand for container vessels was pegged to surpass fleet supplies by between one
    Reuters; FILE PHOTO  -  230 words
  • 323 26 AFP [TOKYO] Japan launched an investigation yesterday into the leak of a video on YouTube showing a tense maritime incident that sparked a row with China, and said it would ask Google for information on the source. The government also confirmed the authenticity of the
    AFP  -  323 words
  • 278 26 SGX '000 Nov 8 S$ +/-Vol CH Offshore 0.52 -0.02 1385 Chuan Hup Hldg 0.24 unch 130 Cosco Corp 2.06 0.07 ***** CWT Ltd 0.97 unch 1375 Ezra Hldgs 1.81 0.04 7897 First Ship Lea 0.45 unch 404 Freight Links 0.10 0.01 ***** Grand Banks unch unch 0
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  • Page 26 Advertisements
    • 183 26 ASIAN FEEDER DISCUSSION GROUP (AFDG) CHITTAGONG TRADE SECTOR NOTICE TO TRADE RATE RESTORATION The basic freight rates for SOC shipments between Singapore/Port Klang and Chittagong have been depressed for some time. With the continuing increase in costs, the following feeder operators in the Singapore/Port Klang to Chittagong and v.v. trade
      183 words
    • 15 26 Experienced sh/p maintenance services wanted. Can they find your services here in the Shipping Times?
      15 words

  • SINGAPORE STOCKS
    • 9135 27 Transaction date: Nov 8 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 21 14.5 3148 8Telecom 18 unch 77 18 18 18 18.5 1.7 10.1 5.8 86.2 12 5 5834
      9,135 words
    • 1900 28 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 7 4 1181 t AA Grp 4.5 4 5 25 4.3 225 130 6222 t APStrategic 164 158 163 97.3 4 0.5
      1,900 words
    • 9424 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.31/ APS Alpha Fund (USD)!** 1.02/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.9629/0.9629 AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,424 words
    • 864 28 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 $mil 124 107 6389 ABF SG Bond ETF 114.2 114 122 521.3 1051 761 CIMBAsean40 100US$ US1051 +15 4 1051 1051 1051 1054 42 331
      864 words
    • 77 28 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 $mil 56 38 6000 AVJennings A52 -1 9 52 52 52 54 3.6 6.7 4.2 135.4 55 16 6017 Genting HK US$ US47 +1 *****5 47.5
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  • FINANCE & COMMODITIES
    • 374 29 In local curr In S$ In US$ dy yr dy yr dy yr Nov 5 Index Change Change Change Change Change Change World Index Preliminary 878.9 0.3 5.6 0.3 -0.9 0.0 8.1 EAFE Preliminary 792.9 0.5 1.0 0.1 -3.1 -0.2 5.7 Europe Preliminary 1171.8 -0.1
      374 words
    • 182 29 Nov 8 Nov 8 $S Offer Bid 0vernight 0.05 0.03 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.35 0.25 1 month 0.37 0.27 2 months 0.42 0.32 3 months 0.45 0.35 6 months 0.56 0.46 9 months 0.80
      182 words
    • 22 29 Nov 8 S$ Bid Offer 1-month 1.2861 1.2871 2-months 1.2860 1.2870 3-months 1.2860 1.2871 6-months 1.2862 1.2873 Source: OCBC
      22 words
    • 121 29 Nov 08 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.348 1.272 Can dollar 1.309 1.259 Euro 1.84 1.77 Sterling pound 2.119 2.038 NZ dollar 1.046 0.997 US dollar 1.304 1.254 Local dollars to 100 units of foreign
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    • 27 29 Nov 8 Open High Sett STI Nov 3296 SIMSCI Nov 384.2 387.7 387.5 Taiwan Nov 300.2 301.7 299.4 Source: MF Global (S) Pte. Ltd
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    • 146 29 Nov 8 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 10 434.0 432.0 433.7 25 Jan 11 434.0 433.0 433.0 89 Feb 11 433.5 433.0 433.5 46 Mar 11 435.0 Apr 11 436.5 436.5 436.5 16 May 11
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    • 88 29 Nov 8 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 10.02.2011 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 104.02 104.05 103.98 5-Year N*****0S 2.875 01.07.2015 109.29 109.38 109.28
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    • 105 29 Nov 5 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 10 1273.50 1264.75 1277.00 1261.00 Jan 11 1284.00 1274.75 1290.00 1271.25 Mar 11 1292.50 1283.25 1298.00 1280.00 May 11 1295.25 1284.75 1300.00 1282.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 10 52.22 51.25 52.50
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    • 77 29 CRUDE OIL PRODUCTS Nov 5 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 87.77 0.07 WTI (Near Mth) 86.93 0.30 Dubai (1-Mth F) 85.31 0.59 Tapis blend 92.05 0.80 Minas 87.40 0.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 86.19 unch Jet Kerosene 97.70 unch US$/barrel Opec Oil
      77 words
    • 2367 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2.5 unch 396 1 3 -8 2.40 1 6221 Asia-Pacific Strategic W*****6 39 1 150 15 4.21 42 6227 ASJ Hldgs W*****1 3.5 1 4
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    • 464 29 Nov 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.016 6.763 0.726 7.858 44.864 90.260 0.823 11.284 3.132 1.281 86.586 43.830 1.304 6.913 0.978 30.578 30.045 0.627 1.014 Canada 0.984 6.656
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    • 85 29 Nov 8 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 138 29 Nov 8 GOLD (US$/oz) Nov 05 Nov 08 Hong Kong 1387.30 1389.50 Nov 04 Nov 05 London 1378.50 1388.40 1379.50 1389.40 Source: Thomson Reuters CAST BAR Nov 08 (S$) Selling Buying Kilobar 61,352.73 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 137 57 5gm 390 286 10gm 697
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    • 71 29 Nov 5 Nov 5 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2424.00 2429.75 3 months 2452.00 2458.00 Copper, Grade A (US$/tonne) Cash 8652.50 8594.50 3 months 8655.00 8599.00 Lead (US$/tonne) Cash 2485.00 2508.25 3 months 2506.00 2529.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 154 29 Nov 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3033 1.3050 1.0134 1.0139 Canadian dollar 1.2828 1.2844 0.9974 0.9979 Euro 1.7955 1.7973 1.3961 1.3964 NZ dollar 1.0173 1.0187 0.7910 0.7915 Sterling pound 2.0778 2.0798 1.6156 1.6159
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    • 82 29 Nov 5 COCOA (£/tonne) Close Prev High/Low Dec 10 1786 1818 1818/1775 Mar 11 1815 1842 1843/1805 May 11 1833 1860 1860/1823 Jul 11 1852 1879 1876/1844 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1972 1994 1989/1964 Jan 11 1986 2002 1996/1953 Mar 11 1970 1984 1975/1939 May 11
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    • 66 29 Nov 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 10 3300 3263 3300 3255 20 1594 Dec 10 3299 3275 3340 3269 1300 6655 Jan 11 3296 3273 3348 3265 ***** ***** Feb 11 3283 3274
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    • 421 29 Nov 8 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6750 0 9861 Mar11 99.6050 0 2257 Jun11 99.5550 0 1954 Sep11 99.5050 0 2056 EUROYEN TIBOR FUTURES Dec10 99.6725 58 3248 Mar11 99.6825 30 1549 Jun11 99.6900 99.6900 99.6900 99.6950 0 1438 Sep11 99.6875 0
      421 words

  • PROPERTY
    • 556 30  -  The property will be the biggest Holiday Inn Express in South-east Asia By KALPANA RASHIWALA RB Capital Hotels, led by Kishin RK, has appointed InterContinental Hotels Group (IHG) to operate the hotel it will develop at the corner of Clemenceau Avenue and Havelock
      ARTHUR LEE  -  556 words
    • 706 30  -  By KALPANA RASHIWALA WHEELOCK Properties (Singapore) has secured Hermes as the maiden tenant for its Scotts Square retail podium which is slated to open by Christmas next year. Hermes will occupy a 3,000 sq ft ground-floor corner unit. This will be Hermes’
      706 words
    • 160 30 Reuters [LONDON] Property adviser Savills said yesterday it was on track to deliver more than £40 million (S$82 million) of pre-tax profits in the year to Dec 31 as trading activity in its key Asian and London markets rallies. While its European and US business
      Reuters  -  160 words
    • 242 30 Bloomberg [LONDON] A majority of re-al-estate investors plan acquisitions in the next 12 months as they expect lower vacancies and increased tenant demand to lift rents, according to a global survey compiled by Colliers International. Sixty per cent of respondents said they plan to
      Bloomberg  -  242 words
    • 769 31 The 11 properties will be marketed in Aust and Asia, and are valued between A$2m and A$10m each Bloomberg [SYDNEY] Luxury-home seekers gathered at the Sydney Opera House last night as 11 properties in Australia worth an estimated total of A$30 million
      Bloomberg  -  769 words
    • 284 31 Bloomberg [WELLINGTON] New Zealand house prices rose last month at the slowest pace in almost a year as consumer confidence slumped, according to a report from Quotable Value New Zealand. Prices advanced 1.1 per cent in October from a year
      Bloomberg; BLOOMBERG  -  284 words
    • 1016 31 Bloomberg [MUMBAI] India’s decision to tighten limits on home loans is boosting confidence that regulators are addressing asset bubbles, cutting the cost to protect bank debt from default, and supporting a rally in government bonds. Credit-default swaps tied to the debt of
      Bloomberg  -  1,016 words
    • 291 31 No of transactions in Q3 also fell 4% from the previous quarter Reuters [DUBAI] Dubai house prices fell 6 per cent on the year in the third quarter to their lowest level since Q2 of 2009, due to the seasonal summer slowdown and
      Reuters; BLOOMBERG  -  291 words
  • Page 30 Advertisements
    • 170 30 Waldorf Mansions at Moulmein/Balestier 11,384 sf land; Freehold; GPR 2.8 Subject Site Near Novena MRT, Velocity, United Sq Rectangular plot, quiet cul de sac 1 km to St. Joseph’s Inst Jr, Hong Wen Ideal for 50 units of 1-2 bedroom apts Tender Closing on 24 Nov 2010 (Wed), 2.30 pm
      170 words
    • 55 30 COLLECTIVE SALE BY TENDER Land Area 43,490.9 sf Plot Ratio 1.4,up to 5 Storeys Tenure 99 yrs from 1983 Near Lor Chuan/ Serangoon MRT, NEX shopping mall, Australian Intl school Tender closing at 3pm on 18th Nov 2010,Thurs For investment report, call Teak Hwa 9858 0900 CARDIFF COURT D19 RESIDENTIAL
      55 words
    • 154 30 WORKSHOP/ OFFICE SPACE FOR LEASE AT TOA PAYOH CENTRAL SSE 3 floors available: 1 st floor: 19,393 sq ft <a $2 psf (neg) 2nd 3rd floors: 21,198 per floor $1.50 psf (neg) Ideal for light and clean industry: assembly/testing/R&D/ workshop including offices Ample power supply and cargo lifts Central location
      154 words

  • Page 31 Advertisements
    • 104 31 W* Knight *4 Frank Knight Frank Investment COMMERCIAL PROPERTIES WANTED COMMERCIAL BUILDINGS, HOTELS, ROW OF SHOPHOUSES, STRATA COMMERCIAL UNITS Prime areas preferred Freehold or leasehold Tenanted or vacant With or without redevelopment potential Ready Pool of Foreign Investors, Developers and Owner Occupiers Please contact Ian Loh 9687 0170 Andy Ng
      104 words
    • 58 31 M,000sf PARK @JURONG EAST $XUHtftf /STRATEGY1 Impressive Corporate Image with State Jg! of the Art Infrastructure. Beautiful Landscaping Exclusive environment equipped with full range of amenities for quick business set up Conveniently accessible via AYE and PIE Minutes away from Jurong East MRT and Bus Interchange mapleiree industrial For leasing
      58 words
    • 120 31 Hougang Green Shopping Mall Majority Space for Sale 57 strata-titled shops, 80% of retail space 66,435 sf total strata area, 100% occupancy High density residential catchment Tenants incl Shop N Save, 7-Eleven, Watsons, Guardian, Pizza Hut, foodcourt, etc Expressions of Interest closing on 25 November 2010 (Thurs), 2.30 pm 6227
      120 words

  • LEADERS' PERSPECTIVE
    • 1491 32  -  Parkway’s CEO sees healthcare sector growing and stresses importance of improving standards. NISHA RAMCHANDANI reports NISHA RAMCHANDANI ASIA’S healthcare industry will continue to grow though healthcare service providers need to keep improving their service standards and moving up the value chain, according to chief executive
      YEN MENG JIIN  -  1,491 words
  • Page 32 Advertisements
    • 193 32 pml-bmw.com.sg Sheer Driving Pleasure -A 33 r 4 THE FIFTH PRINCIPLE ASSEMBLE THE STRONGEST TEAM. With so many decisions to make everyday, leaders focus on the things that truly matter and delegate the rest. The BMW 7 Series is the only luxury saloon that takes this principle to heart. Its
      193 words
    • 7 32 This series is brought to you by
      7 words