The Business Times, 12 November 2010
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2010-11-12
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The Business Times
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Title Section23 2010-11-12 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 138/08/2010 CO REGN NO *****2868E Friday, November 12,201023 words
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750 2010-11-12 1 GRACE LEONG - Rival’s entry slows down revenues but it still bags S$188m Q3 profit By GRACE LEONG [SINGAPORE] It is no longer the only act in town, but Genting Singapore’s thirdquarter results showed that it still remains a very lucrative act. The mainboard-list-ed casino operator raked750 words
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Article145 2010-11-12 1 G ST INDEX 3,293.39 (+4.15) G ST INDEX FUTURES 3,289 (+4) G SIMSCI 388.63 (+1.28) G SIMSCI FUTURES 387.80 (+0.30) FOREX US$ S$ US$ (S$ per US$) 1.286 (US$/S$ per 1.616 2.078 EURO (US$/S$/E) 1.378 1.771 Foreign currency per US$ S$ YEN 82.20 64.00 RM 3.091 2.404 HK$145 words
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Article650 2010-11-12 1 WINSTON CHAI - Telco now ready to battle rivals SingTel and StarHub across all market segments By WINSTON CHAI [SINGAPORE] Singapore’s telecommunications trinity will compete head to head in mobile, broadband and television services for the first time in local history as M1 finally makes its long650 words
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Advertisement83 2010-11-12 1 OPINION Will China kill global economic rebalancing? PAGE 26 SUPPLEMENT Business Excellence G-20 SUMMIT Room for exchange rates to rise: PM Lee WINE 2009 is a great vintage PAGE 38 PAGE 4 16-PAGE PULLOUT EXECUTIVE LIFESTYLE PAGE 34 Andy Cosslett, the marketing guy who runs the world’s largest chain of83 words
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TOP STORIES
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786 2010-11-12 2 WINSTON CHAI - Q2 profit down 6.7% but SingTel still ups dividend payout ratio By WINSTON CHAI [SINGAPORE] Singapore Telecommunications’ bottom line has been hit by its indirect expedition to Africa but the operator still raised its dividend payout ratio even as the pain lingers on in786 words
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527 2010-11-12 2 Its economy looks set to surpass Malaysia’s US$205b Bloomberg [SINGAPORE] The economy of Singapore is poised to go past Malaysia’s in absolute terms. Singapore’s gross domestic product (GDP) will cap its fastest annual growth this year since independence, risingBloomberg - 527 words
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399 2010-11-12 2 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE] In what appears to be a vote of confidence in the company despite recent problems, Singapore Airlines’ share rose six cents to $16.18 yesterday, though on a relatively light volume of 2.6 million shares. This was despite concerns about399 words
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Article390 2010-11-12 2 Genting S’pore keeps raking it in IT IS no longer the only act in town, but Genting Singapore’s third-quarter results showed that it remains a very lucrative act. The casino operator raked in almost S$2 billion in revenues for the nine-month period ended Sept 30. FRONT PAGE M1390 words
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Article65 2010-11-12 2 IN the report “Sabana Reit aims to raise $554m in IPO” (BT, Nov 10), we said that Sabana Reit would be the world’s largest Reit by asset value. This is incorrect. The Reit will be the world’s largest Syariah-compliant Reit. Sabana Reit has also pointed out that its sponsor65 words
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736 2010-11-12 4 VIKRAM KHANNA - China, India, Brazil, and S Korea can cope with some nominal currency appreciation By VIKRAM KHANNA [SINGAPORE] A “grand bargain” on exchange rates among emerging market economies is needed to help resolve global imbalances, according to prominent academics Niall Ferguson of736 words
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Article, Illustration569 2010-11-12 4 EMILYN YAP - He says it won’t hurt competitiveness if productivity growth remains high Reports by EMILYN YAP THERE is room for fast-growing economies to let their nominal exchange rates rise over time, said Prime Minister Lee Hsien Loong yesterday. He alsoSEYU TZYY WEI/LIANHE ZAOBAO - 569 words
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477 2010-11-12 4 Tighter bank capital rules may curb trade finance, they say TOP business leaders, including bankers, cautioned against possible side effects of the new Basel III framework at the G-20 Business Summit in South Korea yesterday. Tighter rules on banks’ capital requirements could inadvertently477 words
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Article, Illustration595 2010-11-12 4 LEE U-WEN - City spares no effort to make 16-day event a success By LEE U-WEN [SINGAPORE] Guangzhou may not boast the glitz and glamour of Shanghai or Beijing, but the sprawling metropolis in southern China is hoping a successful Asian Games will put itAFP - 595 words
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660 2010-11-12 4 RONNIE LIM - HPEO project will draw more soap, detergent makers By RONNIE LIM [SINGAPORE] Oil giant Shell is ramping up production of high-purity ethylene oxide (HPEO) to worldscale capacity in Singapore. It has just started the process by buying over its660 words
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Advertisement177 2010-11-12 2 M§ i'' uh ■>i« S m World's Finest Serviced Offices A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of a secretary We help businesses succeed Call to arrange a personal tour today!177 words
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Advertisement22 2010-11-12 2 Business Excellence Awards 2010 Read about the best practices of this year's winners in a 16-page special supplement with today’s Business Times22 words
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Page 3 Advertisements
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Advertisement280 2010-11-12 3 boulevard SINGAPORE Standing apart, yet keeping the finest company. In Singapore's premier district, Orchard. VA Inessence presents Boulevard Vue a limited collection of 28 bespoke residences. Its distinctive glass-sheathed architecture and magnificent curvilinear "beacon" atrium set it apart while its graceful landscaping creates a peaceful and totally serene environment. Each280 words
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Page 4 Advertisements
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Advertisement37 2010-11-12 4 Wh Rare Freehold Bungalow Land 6400 Approx build 3200 Spacious driveway park 3 cars Mins to St. Nicholas Girls School 7 c-7-7-7 The Ultimate Deal Maker Viewing by Appointment only y/y# I/ y MO O# Julius Fock37 words
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Page 5 Advertisements
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Advertisement104 2010-11-12 5 BMW WORLD IS HERE. COME DISCOVER IT NOW Icons that have shaped automobile history. Feats of engineering that will forever change how we drive. And a glimpse of the most futuristic concept cars today. This is BMW like never before. A world filled with non-stop entertainment, exclusive previews, lifestyle fashion104 words
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COMPANY NEWS
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381 2010-11-12 6 SIOW LI SEN - Its market cap surges to $34.2b, $1.7b more than DBS’s $32.5b By SIOW LI SEN OCBC Bank has overtaken DBS as the largest bank in South-east Asia in terms of market capitalisation, as analysts rerated the stock following its strong381 words
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Article381 2010-11-12 6 JAMIE LEE - But control will still be with its 2 private equity players By JAMIE LEE AMTEK Engineering, which was acquired by private equity players in 2007, has returned with an initial public offer IPO to raise between US$250 million and US$350 million. But private381 words
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945 2010-11-12 6 JAMIE LEE - HOCK LOCK SIEW By JAMIE LEE AS Top Global, the Catalist-listed company that has transformed itself into a property group, continues to hog the trading limelight, a question uppermost in investors’ mind is whether it is capable of launching a meteoric rise945 words
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Article, Illustration439 2010-11-12 8 FELDA CHAY - Sales volume and net contributions rise across all business segments COMMODITY PLAYS Reports by FELDA CHAY COMMODITIES supplier Olam International’s earnings soared 56 per cent in its fiscal first quarter on increases in sales volume and net contributions across its business segments. Announcing439 words
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434 2010-11-12 8 Reuters SINGAPORE-LISTED rubber firm GMG Global aims to grow its annual output of rubber by at least midsingle digit percentages for the three years after 2012 in order to meet the rising demand for the commodity from emerging markets such as ChinaReuters - 434 words
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457 2010-11-12 8 CITING robust fundamentals in the palm oil industry, Indonesia-based Golden Agri-Resources yesterday reported a 40.6 per cent year-on-year surge in net profit to US$99.2 million for the third quarter ended Sept 30. Higher sales volume, coupled with higher selling prices, resulted in a457 words
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566 2010-11-12 8 WILMAR International’s shares took another hard knock yesterday, with investors still spooked over the surprise 60.3 per cent fall in its third-quarter net profit. But analysts are mixed in views on the counter. Some analysts note that the firm’s management did not provide a566 words
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509 2010-11-12 8 LYNN KAN - By LYNN KAN ASIA Pacific Breweries probably cheered with a round of its own Tiger Beer yesterday. It ended its financial year with a 65 per cent jump in attributable net profits before exceptional items to $261 million, coming from higher organic growth509 words
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140 2010-11-12 8 Reuters CHI-EAST, the “dark pool” venture between Nomura’s Chi-X and Singapore Exchange, said yesterday it has started providing a platform for brokers to trade large blocks of shares. “Chi-East will begin with Singapore, Hong Kong and Japanese shares before moving to other Asian markets suchReuters - 140 words
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Article507 2010-11-12 8 At a glance 3 months ended Sept 2010 9 months ended Sept 2010 NET PROFIT (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 Golden Agri 333.92 176.65 89.0 3047.19 2172.22 40.3 130.51 92.85 40.6507 words
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Article, Illustration662 2010-11-12 12 KALPANA RASHIWALA - Revenue slides 52.7% to $98.9m; earnings per share down to 5.3 cents By KALPANA RASHIWALA HO Bee Investment has posted a 60.9 per cent year-on-year drop in group net profit to $38.8 million for the third quarter ended Sept 30, on the662 words
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305 2010-11-12 12 LINETTE LIM - By LINETTE LIM THE Hour Glass reported a 57 per cent year-on-year rise in net profit to $10.4 million for the second quarter ended Sept 30. This was despite revenue rising only 7 per cent to $127.6 million. The company said the305 words
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415 2010-11-12 12 SAMUEL EE - By SAMUEL EE HIGHER bus and train ridership helped lift SBS Transit (SBST)’s net profit 20.4 per cent to $12.7 million for the third quarter ended Sept 30. Revenue climbed 6 per cent year on year to $184.9 million, mainly on stronger415 words
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Article331 2010-11-12 12 RONNIE LIM - By RONNIE LIM MARINE fuel supplier Chemoil Energy has posted a third-quarter net profit of US$2.6 million, reversing a US$12.6 million loss in Q3 last year. The latest result was achieved on a 4 per cent year-on-year increase in revenue to US$1.69 billion. Earnings per331 words
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405 2010-11-12 12 KAREN NG - Lower production costs, higher margin products help earnings By KAREN NG SUPER Group, the instant beverages and convenience foods group known previously as Super Coffeemix Manufacturing, posted a 48 per cent year-on-year jump in third-quarter net profit to $13.3 million.405 words
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Article319 2010-11-12 12 CROCODILIAN leather tanner Heng Long’s net profit almost trebled for the third quarter ended Sept 30, uplifted by recovering demand in the global luxury goods market. The group tans and processes raw crocodilian skins into high-end premium finished crocodilian leather, which is supplied to brands319 words
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207 2010-11-12 12 THREE new metal contracts copper, aluminium and zinc futures will be jointly launched by Singapore Exchange (SGX) and London Metal Exchange (LME) on Feb 15, 2011. In a joint statement last night, SGX and LME said that “to expand the suite207 words
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Advertisement15 2010-11-12 6 www.hugoboss.com *****833 +65 Phone Ltd Pte. Singapore Luxury MGI through available Watches BOSS Black BOSS15 words
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Advertisement302 2010-11-12 6 WO PENG Cuisine Private Limited «&#♦tr Authentic Cantonese Delicacies 4 L /k¥ > Kr a > Tel Fax Hong Kong style Dim Sum Q. freshly prepared Email &2P&- 9 1 Website 2 c »i or P R o Ti M O 3 Ti i O N Signature Wo Peng Poon302 words
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Advertisement137 2010-11-12 7 Vorsprung durch Technik s i^_i i s s r To be ahead, you need to feel the pulse of tomorrow." I' 1 A Jim Rogers. Financial Guru /■v n m v.* WM V» f f< mKBnm To celebrate the Launch of the new Audi A8, we've invited Jim Rogers and137 words
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Advertisement53 2010-11-12 8 Splendors of the Tibetan Monasteries Exhibition and Sale of a Collection from 11th to 19th Century from 12th to 22nd Nov Hours. 12-7 pm, at Tanglin Shopping Center, No. 02-61 Hosted by Jazmin Asian Arts Tel: 831 ***** rp bWLJJLU H(MS7 JERRY LUM Marketing Director, MBA, CES HP: 8288 009853 words
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Page 9 Advertisements
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Advertisement89 2010-11-12 9 See what tomorrow looks like. Introducing the world’s first full high precision LED headlights in the new Audi A8. Our LED headlights are unmistakable in form and function. They ‘think’ for themselves and light up the road with clear-cut clarity. So you’ll always be seen by other road users. This89 words
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SINGAPORE MARKETS
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Article, Illustration579 2010-11-12 10 R SIVANITHY - Main boost for ST Index from OCBC and SingTel but broad market weighed by weak opening for Europe STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index yesterday rebounded 4.15 points to 3,293.39 in line with a similar rise in Hong Kong. But aSource: Bloomberg - 579 words
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Article66 2010-11-12 10 Nov 11 VALUE CLOSE BT OB/OS 435.00 +140.0 BT CADI -*****.00 -50.0 BT 10-day MA -*****.00 +43.00 FTSE ST Mid Cap 817.73 -3.25 FTSE ST Small Cap 596.49 +1.45 FTSE ST All Share 813.97 +0.42 FTSE ST China Top 303.02 -1.29 FTSE ST China 337.88 -2.23 FTSE66 words
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Article186 2010-11-12 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 6 0 0 0 5 7 6 Manufacturing 58 60 75 7 9 15 65 69 90 Commerce 24 26 21 5 3 7 29 29 28 Tpt/Stor/Comms 13 14 16186 words
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BROKERS’ TAKE
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Article, Illustration361 2010-11-12 10 Nov 11 close: $1.56 CIMB Research, Nov 11 IN line; Downgrade to “neutral” from “outperform”: Nine-month 2010 results met Street and our expectations, with net profit of $38.4 million and earnings per share (EPS) of 5.45 cents forming 77 per cent of our FY2010 forecasts. Earnings beforeSource: Bloomberg - 361 words
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Article, Illustration481 2010-11-12 10 JAMIE LEE - Nov 11 close: $1.69 DMG Partners Securities, Nov 11 Compiled by JAMIE LEE PARKWAYLIFE Reit reported Q3 2010 distribution per unit (DPU) of 2.25 cents (+18 per cent y-o-y, +8 per cent q-o-q), representing 24 per cent of our FY2010 DPU forecast of 9.2 cents. This is inSource: Bloomberg - 481 words
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Article121 2010-11-12 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,613 23,613 95,155 95,155 Manufacturing 412,293 16,509 428,802 442,086 959 443,046 Commerce 105,747 16,965 122,712 209,830 2,272 212,101 Tpt/Stor/Comms 130,217 2,582 132,799 279,234 248 279,482 Finance 36,559 1 36,560 344,707 344,707 Construction 103,521 41,500 145,021121 words
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Article110 2010-11-12 10 Stock name Close Change CapMallsAsia 2.120 -0.040 CapitaLand 3.880 -0.020 CapitaMall 1.980 -0.020 CityDev 13.500 +0.020 ComfortDelGro 1.470 DBS Grp 14.080 -0.020 F&N 6.650 -0.010 Genting SP 2.280 Golden Agri 0.760 +0.010 HK Land 7.050 +0.120 JMH 48.220 -1.340 JSH 27.780 -0.700 Jardine C&C 38.420 +0.100110 words
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Article, Illustration513 2010-11-12 10 CURRENCIES Reuters [LONDON] The euro fell yesterday, closing in on a five-week low hit the previous day as concerns about debt woes in the eurozone periphery triggered further selling and a potential retest of key technical support. The yield spread between 10-year Irish andReuters; BLOOMBERG - 513 words
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Article61 2010-11-12 10 VOLUME Nordic 183,492,000 *Genting HK US$ 109,603,000 GMG Global 106,715,000 Genting SP 91,241,000 Golden Agri 84,344,000 TopGlobal W*****9 64,811,000 Kreuz 59,747,000 Noble Grp 51,247,000 ChinaGaoxian 46,065,000 UniFiber 41,630,000 VALUE($) Genting SP 209,163,250 Wilmar 182,256,005 OCBC Bk 145,182,520 Noble Grp 113,350,320 DBS Grp 109,203,020 SingTel 95,952,680 *Genting HK61 words
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Article112 2010-11-12 10 BY CENTS CLOSE UP DBXT DBLCI-OY 5US$ 3947 357.2 7.6 DBXT MSAsExJp 10US$ 3398 149.1 3.5 DBXT MSKorea 10US$ 5603 86.1 1.2 OCBC Bk.ES.1011 1026 33.0 3.3 OCBC Bk 1024 31.0 3.1 Spore Land 750 30.0 4.2 DBXT MSEmer 10US$ 436 21.9 4.1 B Sembawang 495 20.0 4.2 BukitSem112 words
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Article121 2010-11-12 10 BY CENTS CLOSE DOWN JMH 4822-172.2 -2.7 DBXT Nifty 10US$ *****-163.2 -0.9 IS S&P500 *****-138.8 -0.9 JSH 2778 -90.0 -2.5 DBXT FTVietnam 10US$ 3537 -84.8 -1.8 OCC 3.93% NCPS10 9530 -50.0 -0.5 STXPO 100 1552 -48.0 -3.0 IS DJ US Tech 6330 -41.1 -0.5 DBXT AUD Bonds 5AU$ *****121 words
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Page 11 Advertisements
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Advertisement10 2010-11-12 11 Audi Vorsprung durch Technik Hear what tomorrow sounds like. «*>>■> <•: <• J*10 words
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Page 12 Advertisements
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Advertisement1563 2010-11-12 12 I C F C Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES THE COMPANIES ACT, CAP. 50 AI MARINE PTE LTD (In Vol. Liquidation) Co. Reg. No. *****8628R NOTICE IS HEREBY GIVEN that the creditors of the above-named Company which is being voluntarily wound up are required on or before the 13th1,563 words
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Page 13 Advertisements
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Advertisement105 2010-11-12 13 Feel tomorrow at your fingertips. Introducing the world’s first intuitive Multi Media Interface touchpad system in the new Audi A8. The MMI system is so advanced that it recognises over a million characters just by writing a letter or number on the touch sensitive pad. Without taking your eyes off105 words
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SINGAPORE NEWS
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387 2010-11-12 14 VICTORIA HO - IDA is also proposing they not be allowed to block legitimate content and services By VICTORIA HO CONSUMERS could get a better idea of the real Internet broadband speeds they are paying for, instead of the maximum speeds advertised by service providers.387 words
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Article, Illustration446 2010-11-12 14 LEE U-WEN - By LEE U-WEN THE African state of Gabon may be alien to many Singaporeans, but this povertyravaged nation is more than eager to prove that it is a serious player in the eyes of the international community. Gabon recently inked deals worth US$4.5 billion withPHOTO: LIANHE ZAOBAO - 446 words
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410 2010-11-12 14 TEH SHI NING - By TEH SHI NING ANY framework to address the global imbalances being debated at the G-20 summit in Seoul should be targeted and involve enforceable penalties for non-compliance, says Morgan Stanley’s non-execu-tive chairman for Asia Stephen Roach. While he sees the G-20 as410 words
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279 2010-11-12 14 ENTERPRISE development agency Spring Singapore will provide $10 million of grants to support innovation partnerships between doctors and medical technology firms over the next five years. The scheme, announced at the Spring SME CEO Forum yesterday, aims to reach out to at least279 words
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308 2010-11-12 14 STANDARD Chartered Bank will open two more branches here this month, taking its network to 19. And in a bid to stand out in the crowded banking market, it has launched several initiatives to raise the bar on service. The new branches will be in Marina308 words
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454 2010-11-12 14 KALPANA RASHIWALA - London’s West End, HK, Tokyo retain their top 3 positions By KALPANA RASHIWALA SINGAPORE has moved up to 25th position in CB Richard Ellis’ latest ranking of the world’s 50 most expensive office markets, from 32nd position in an earlier survey454 words
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Article, Illustration373 2010-11-12 14 MICHELLE QUAH - ACCA students prefer jobs in commerce, industry By MICHELLE QUAH MOST students surveyed by the Association of Chartered Certified Accountants (ACCA) here would like to work in commerce and industry, instead of in traditional public accounting. Almost 850 ACCA Singapore students at the endSource: ACCA Singapore - 373 words
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Advertisement1307 2010-11-12 14 MATS NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF Austin Hills Country Resort Pte Ltd (In Members' Voluntary Liquidation) (Co. Reg. No. *****7736N) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the member of the abovenamed Company duly convened and held pursuant1,307 words
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Page 15 Advertisements
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Advertisement46 2010-11-12 15 The new Audi A8. The new Audi A8 is coming soon. Light years ahead. Be light years ahead and join Jim Rogers and other distinguished innovators at the launch of the new Audi A8. Audi A8 Pavilion The Promontory@Marina Bay 1st– 3rdDecember 2010. Register at audi.com.sg/audiA846 words
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ECONOMY WATCH
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Article, Illustration728 2010-11-12 16 Progress slowed by demands that Korea sell fewer cars, buy more US beef AP [SEOUL] South Korea and the United States failed to make a breakthrough on a long-stalled free trade agreement (FTA) and will keep negotiating, their presidents said yesterday,AP - 728 words
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352 2010-11-12 16 Bloomberg [TOKYO] Japanese machinery orders fell for the first time in four months, a sign that companies are becoming reluctant about increasing spending as the nation’s export-led recovery slows. Factory orders, an indicator of capital spending in three to sixBloomberg - 352 words
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643 2010-11-12 16 It’s due to reversal in safe-haven capital flows, he says Bloomberg [SEOUL] Treasury Secretary Timothy F Geithner defended the dollar’s drop in recent months saying it is due to a reversal in safe-ha-ven capital flows, rebutting former Federal Reserve chairman Alan Greenspan’s assessment ofBloomberg - 643 words
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707 2010-11-12 16 Govt pursuing weak US$ policy, investors in global survey say Bloomberg [WASHINGTON] Global investors doubt the Federal Reserve’s plan to buy more Treasury securities will boost the US economy or bring down unemployment and say they believe the government is pursuing aBloomberg - 707 words
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354 2010-11-12 16 Reuters [TOKYO] Japan aims to launch economic partnership talks with the European Union (EU) next spring, the Nikkei business daily said yesterday, as Tokyo struggles to catch up with Asian rival South Korea in sealing trade deals. Prime Minister Naoto KanReuters - 354 words
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Page 17 Advertisements
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Advertisement922 2010-11-12 17 DBS offers Preference Shares Offer of up to S$500,000,000 in aggregate liquidation preference of 4.70 per cent. Non-cumulative Non-convertible Non-voting Preference Shares Callable in 2020 ("Preference Shares") (subject to the Upsize Option) (as defined below), to be issued by DBS Bank Ltd. at the issue price of S$100 per Preference922 words
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MALAYSIA/INDONESIA
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768 2010-11-12 18 S JAYASANKARAN - Republic is largest foreign investor in M’sia for first seven months of this year By S JAYASANKARAN MALAYSIAN Prime Minister Najib Razak and Singapore Prime Minister Lee Hsien Loong are expected to approve several agreements next month that could essentially resolve most768 words
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316 2010-11-12 18 Bloomberg [SINGAPORE] Malaysia’s central bank will probably keep interest rates unchanged for a second consecutive meeting to support its economy as global growth weakens and inflation eases. Bank Negara Malaysia will leave its benchmark overnight policy rate at 2.75 per cent today, accordingBloomberg - 316 words
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266 2010-11-12 18 Reuters [JAKARTA] Indonesia’s central bank will extend a 28-day holding period for its SBI debt if capital inflows get too large, deputy governor Hartadi Sarwono said yesterday. The move would be part of action taken to manage volatile “hot money”. Indonesia has drawn strongReuters - 266 words
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Article, Illustration549 2010-11-12 18 PAULINE NG - By PAULINE NG STRONGLY criticised for overpaying to take over Bank Internasional Indonesia (BII) two years ago, Malaysia’s Maybank is poised for a sweet payback as shares of the Indonesian bank continue to soar. Over the past three days in particular, BII sharesBLOOMBERG - 549 words
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Advertisement29 2010-11-12 18 www.hybridmotors.com.sg hybrid M MOTORS Singapore's 1 st 1-Jouch Slidhi^Dooi^Control DEBUT! 1 Luxury MPV SUV HYBRID P» wfm AERAS 20th Anniversary Version HYBRID MOTORS 5 Ubi Close TEL 6846 456729 words
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GREATER CHINA
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408 2010-11-12 19 Oct’s 4.4% rate raises possibility of new govt controls AP [BEIJING] A jump in food costs drove China’s inflation to a 2 5-month high in October despite government efforts to cool living costs, raising the possibility that it might impose new controlsAP - 408 words
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283 2010-11-12 19 AFP [TAIPEI] Fubon Financial Holding, a leading Taiwanese financial conglomerate, has said for the first time it wants to bid for US insurance giant AIG’s Taiwan unit, Nan Shan Life, local media said yesterday. The comments come after troubled American InternationalAFP - 283 words
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237 2010-11-12 19 Reuters [SHANGHAI] Industrial and Commercial Bank of China (ICBC) plans to raise 45 billion yuan (S$8.7 billion) through a rights share offering this month, capping an US$80 billion fund-raising boom by Chinese lenders to replenish capital depleted by last year’s lending spree.Reuters - 237 words
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Article, Illustration455 2010-11-12 19 Some China banks have theirs raised twice, by a total of 100 basis points Bloomberg Reuters [SHANGHAI] China raised reserve requirements for some banks twice on Wednesday, taking the total increase to 100 basis points for a few lenders, said two people with direct knowledge ofBloomberg; Reuters; BLOOMBERG - 455 words
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Page 19 Advertisements
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Advertisement63 2010-11-12 19 VA WINSTON i i Oce i HARRY HARRY WINSTON SALO THE HOURGLASS Contemporary Horological Art SINGAPORE NGEE ANN CITY TANG PLAZA RAFFLES HOTEL ARCADE MALAYSIA KUALA LUMPUR PAVILION KL SHOPPING MALL TEL: 65-6734 2420 TEL: 65-6235 7198 TEL: 65-6334 3241 HONG KONG KOWLOON JAPAN TOKYO GINZA TEL: 852-2369 9122 TEL:63 words
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GREATER CHINA/INDIA
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Article, Illustration531 2010-11-12 20 LEE U-WEN - He will meet almost all of S’pore’s top leaders during his official visit By LEE U-WEN [SINGAPORE] Chinese Vice-President Xi Jinping will arrive in Singapore this weekend for what will be his first overseas visit since being promoted to the se-cond-most powerful militaryREUTERS - 531 words
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441 2010-11-12 20 Central bank seen capping rates until at least April Bloomberg [MUMBAI] Indian state debt yields are showing signs of peaking after the central bank signalled that it would freeze borrowing costs in the world’s sec-ond-fastest growing major economy. Gujarat sold bonds due in 10Bloomberg - 441 words
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348 2010-11-12 20 High prices have been a cause of worry for the govt Bloomberg [NEW DELHI] India’s food inflation slowed to a oneyear low, reducing pressure on the central bank to raise interest rates. An index measuring wholesale prices of agricultural products including lentils, rice, andBloomberg - 348 words
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150 2010-11-12 20 Bloomberg [MUMBAI] Ranbaxy Laboratories, India’s largest drugmaker, said third quarter profit more than doubled, helped by sales of a generic version of GlaxoSmithKline Plc’s herpes medicine Valtrex and foreign exchange gains. Net income rose to 3.08 billion rupees (S$89.4 million), or 5.6 rupeesBloomberg - 150 words
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Advertisement224 2010-11-12 20 9 y A W i r m i 1 i t. J i k« x ARITY FUN RUN IN TH[§ jmoting organisations with a h »r=w T Friday, 12 November 2010 4.30pm The Float Marina Bay Guest-of-Honour: Mrs Urn Hwee Hua, Minister, Prime Minister's Office, Second Minister for Finance and224 words
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WORLD
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Article, Illustration511 2010-11-12 21 LEE U-WEN - Country still very competitive, US$ not undervalued: ex-IMF economist By LEE U-WEN [SINGAPORE] The United States may experience a quarter or two of deflation at most, but it is unlikely to experience anything remotely close to the levels currently seen in Japan, aTED CHEN / THE STRAITS TIMES - 511 words
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225 2010-11-12 21 AFP [WASHINGTON] The United States government issued guidelines on Wednesday to help industries comply with greenhouse gas emission cuts beginning next year, as the nation takes steps to stem global warming. The move follows a 2007 Supreme Court ruling that carbon emissions are pollutants underAFP - 225 words
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707 2010-11-12 21 ANTHONY ROWLEY - By ANTHONY ROWLEY THE Japanese government is “absolutely resolved” to opening up the country to freer trade and promoting “high-level” economic partnerships with other nations, Foreign Minister Seiji Maehara said at an Asia-Pa-cific Economic Cooperation (Apec) meeting in Yokohama yesterday, rejecting concerns that such707 words
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461 2010-11-12 23 Emerging countries with strong growth but without capital controls vulnerable Bloomberg [HONG KONG] The US Federal Reserve’s plan to expand stimulus will fuel potential asset bubbles in emerging countries with strong growth that don’t have capital control measures, Nobel Prize laureate Joseph StiglitzBloomberg - 461 words
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387 2010-11-12 23 More cash being put back into metals, grains and energy Bloomberg [SINGAPORE] Surging commodity prices are prompting investors to put more cash back into metals, grains and energy, according to Kenmar Group, which expects funds under management to grow by about a third to US$2Bloomberg - 387 words
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Article, Illustration484 2010-11-12 23 Bloomberg [NEW YORK] Roy Lichtenstein’s 1964 painting of a pouting redhead sold for an artist record of US$42.6 million on Wednesday at Christie’s International in New York, as buyers stuck with 1960s pop art to sustain a market recovery. Mr Lichtenstein’s Ohhh Alright soared pastBloomberg; BLOOMBERG - 484 words
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649 2010-11-12 24 Any deal will need Chinese government approval and could still fall apart: sources Reuters [NEW YORK] General Motors Co is in the final stage of talks to sell equity to Chinese partner SAIC Motor Corp as part of its landmark initialReuters - 649 words
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Article, Illustration619 2010-11-12 25 Portuguese, Greek bonds fall; Irish borrowing costs at new highs Bloomberg Reuters [LONDON] Portuguese and Greek government bonds fell and Irish borrowing costs shot up to new lifetime highs yesterday as concerns over sovereign debt in some peripheral eurozone economies intensified. Irish 10-yearBloomberg; Reuters; Source: Bloomberg - 619 words
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642 2010-11-12 25 AFP [YOKOHAMA] A littleknown trade pact promoted by US President Barack Obama has emerged as a key vehicle towards ambitions of creating a freetrade treaty embracing more than half the world’s economy. With World Trade Organization (WTO) negotiations in limbo, and warnings rifeAFP - 642 words
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Article, Illustration467 2010-11-12 25 Bloomberg [LOS ANGELES] Dino De Laurentiis, the son of Italian pasta makers who became a prolific movie producer of blockbuster hits such as Serpico, expensive duds such as Dune and sweeping epics including War and Peace, has died, Ansa news agency reported. He wasBloomberg; AFP - 467 words
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Page 21 Advertisements
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Advertisement247 2010-11-12 21 ft it m m m m m m m m m m m m m m m m m > m m I m ru m m 1 m m m m m m m m m m m m m m m m m m m m m M247 words
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Advertisement9 2010-11-12 21 TPP seen as pathfinder to Asia-Pac FTA, Page 259 words
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Page 22 Advertisements
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Advertisement411 2010-11-12 22 t This year, we are proud to acknowledge 51 brands as deserving winners of the Singapore Prestige Brand Award 2010. Whether B2C, B2B or not-for-profit organisations, these brands have displayed a clear vision and focus in their brand building endeavours to reach out to their audience. For many, the SPBA411 words
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Advertisement190 2010-11-12 23 MM I-'- FFLODERII mOOTESSORI II International inTERnnTionni GROUP (LONDON) A LBAfyER. '*> MettUnell Pll-lcLcet &J.ucA%\C+ Modern Montessori International Group Generating waves of success with a growing network of 14 teacher-training colleges and more than 100 pre-schools worldwide, Modern Montessori International (MMI) is fast developing as a key player in pre-school190 words
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Page 24 Advertisements
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Advertisement472 2010-11-12 24 I I I WINE DINE AND HOSPITALITY <•> a AN INAGIKU GRAND TOUR A journey from the sea of Japan to Kyoto's foothills of heirloom yasai (vegetables) Grand Tour Tasting Menu $180 per set Includes sashimi, sushi, teppanyaki, tempura and dessert Tempura, Sushi or Teppanyaki Only Tasting Menus $180 per472 words
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Advertisement2014 2010-11-12 25 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg SlNGAPURA FINANCE LTD AND ITS SUBSIDIARIES (Incorporated in the Republic of Singapore) Company Registration Number: *****0340N SlNGAPURA FINANCE m 3f£ rai Financial Statements for the Year Ended 30 June 2010 IMPORTANT The following financial information contains only a summary of information in the2,014 words
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EDITORIAL & OPINION
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Article, Illustration893 2010-11-12 26 ROBERT SAMUELSON - The omens seem unpromising as the US has let the dollar depreciate to cut its trade deficit ROBERT SAMUELSON The Washington Post Writers Group [WASHINGTON] THE idea of “rebalancing” the world economy is simple. Before the financial crisis, some advanced countries (led by theThe Washington Post Writers Group; AFP - 893 words
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Article, Illustration828 2010-11-12 26 LEON HADAR - THE BOTTOM LINE LEON HADAR Washington Correspondent THE US Federal Reserve’s decision to inject more money into the financial markets is being blasted by a prominent political figure and I’m not referring here to the leaders of China, Germany or Brazil. The828 words
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Article484 2010-11-12 26 EDITORIAL STARKLY underlining the challenge to traditional media, futurist Ross Dawson has come up with a “Newspaper Extinction Timeline”. The USA’s newspapers throw in the towel in 2017; in Singapore, newspaper Armageddon arrives in 2021, according to the chairman of the Future Exploration Network think484 words
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Article, Illustration803 2010-11-12 27 LIEW MUN LEONG - LIEW MUN LEONG The writer is president and CEO of CapitaLand IN HIS speech to acknowledge the decisive defeat of the ruling Democratic Party in the recent mid-term elections for the US Congress, President Barack Obama took responsibility for his failure to restore America’s803 words
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Article, Illustration1053 2010-11-12 27 SANJEEV GUPTA, THUSITA RANASINGHE - The industry should keep on top of corporate social responsibilities and the economic and regulatory pressures By SANJEEV GUPTA THUSITA RANASINGHE Sanjeev Gupta and Thusita Ranasinghe are Ernst Young Transaction Advisory Services partner and manager respectively. Sanjeev is also one of the regionalAFP - 1,053 words
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700 2010-11-12 27 Lim Yew Hang Richard - LETTER TO THE EDITOR Lim Yew Hang Richard SHANGHAI Asia Holdings (SAH) manufactures and sells thin-gauge aluminium foils. The business has been performing well and its prospects are bright. The proposal by the board of directors of SAH to sell the business700 words
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AVIATION/SHIPPING
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Article, Illustration576 2010-11-12 28 Stringent checks ordered on all superjumbos with Roll-Royce engines Reuters [SYDNEY] Europe’s aviation regulator said that fire from an oil leak was the likely cause of last week’s engine failure of a Qantas A380 plane and ordered stringent inspections on superjumbosReuters; AP - 576 words
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Article3238 2010-11-12 28 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi KU6457 1230 SQ456 1245 SQ457 1230 EY470 2200 Adelaide LH9771 1745 9W4082 2220 SQ278 1745 AF8088 2220 VS7278 1745 BA7382 2220 --JL5083 2220 MU8214 2220 QF82 2220 LH9770 2350 SQ279 2350 VS7279 2350 Amsterdam LO4031 0605 JX817 2220 SQ3233,238 words
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264 2010-11-12 28 AFP [TOKYO] A cargo ship with 25 Chinese crew on board sank off Japan’s southern islands, with only five crew accounted for including one fatality, Japanese and Taiwanese coast guards said yesterday. Taiwanese maritime authorities informed Japan’s coast guard that the Panama-registered shipAFP - 264 words
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457 2010-11-12 28 Reuters [LONDON] Acquisitions and joint ventures in the shipping sector are set to pick up next year as prospects improve for seaborne trade and optimism among freight players grows, a survey showed yesterday. The poll by law firm Norton Rose of 679Reuters - 457 words
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Article, Illustration375 2010-11-12 28 Bloomberg [SEOUL] STX Pan Ocean Co, South Korea’s largest bulk-shipping line, said that it plans to invest US$1 billion on new vessels after third-quarter profit almost quadrupled on rising demand for commodities shipments. The Seoul-based shipping line plans to order newBloomberg; FILE PHOTO - 375 words
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304 2010-11-12 28 Reuters [BANGALORE] BBA Aviation expects to outperform its markets and is comfortable with its future business growth as an increase in flying activity boosts demand for its aircraft services. Companies that overhaul and repair planes saw weakness in 2009 as carriers reduced their flyingReuters - 304 words
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Article278 2010-11-12 28 SGX '000 Nov 11 S$ +/-Vol CH Offshore 0.53 -0.01 530 Chuan Hup Hldg 0.23 unch 326 Cosco Corp 2.15 0.02 ***** CWT Ltd 0.97 -0.02 1288 Ezra Hldgs 1.80 -0.01 6034 First Ship Lea 0.45 unch 160 Freight Links 0.09 unch 6904 Grand Banks unch unch 0278 words
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SINGAPORE STOCKS
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Article9139 2010-11-12 29 Transaction date: Nov 11 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 17.5 18 18.5 1.7 10.3 5.6 83.8 12 5 5834 A-Sonic 6 unch 1369,139 words
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Article1946 2010-11-12 30 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 unch 9 164 160 1611,946 words
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Article9434 2010-11-12 30 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.33/ APS Alpha Fund (USD)!** 1.03/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM9,434 words
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Article876 2010-11-12 30 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 $mil 124 107 6389 ABF SG Bond ETF 118 114 120 538.6 1056 761 CIMBAsean40 100US$ US1055 -1 76 1056 1055 1049 1053 42.2 335876 words
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Article77 2010-11-12 30 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 $mil 56 38 6000 AVJennings A53 +3 9 54 52 53 56 3.6 6.6 4.2 138 55 16 6017 Genting HK US$ US51 +1 *****3 5377 words
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FINANCE & COMMODITIES
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374 2010-11-12 31 In local curr In S$ In US$ dy yr dy yr dy yr Nov 10 Index Change Change Change Change Change Change World Index Preliminary 874.8 -0.2 5.1 -0.4 -1.9 -0.9 6.7 EAFE Preliminary 791.5 -0.4 0.8 -1.3 -4.6 -1.9 3.7 Europe Preliminary 1163.7 -1.1374 words
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Article178 2010-11-12 31 Nov 11 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.33 0.23 1 month 0.37 0.27 2 months 0.42 0.32 3 months 0.45 0.35 6 months 0.55 0.45 9 months 0.75 0.55 12178 words
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Article24 2010-11-12 31 Nov 11 Nov 11 S$ Bid Offer 1-month 1.2849 1.2860 2-months 1.2849 1.2859 3-months 1.2849 1.2859 6-months 1.2848 1.2858 Source: OCBC24 words
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Article127 2010-11-12 31 Nov 11 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.335 1.26 Can dollar 1.309 1.259 Euro 1.807 1.738 Sterling pound 2.114 2.033 NZ dollar 1.035 0.986 US dollar 1.307 1.257 Local dollars to 100 units of foreign127 words
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Article27 2010-11-12 31 Nov 11 Open High Sett STI Nov 3289 SIMSCI Nov 387.5 390.8 387.8 Taiwan Nov 301.0 301.3 299.3 Source: MF Global (S) Pte. Ltd27 words
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Article67 2010-11-12 31 Nov 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 10 3390 3392 3410 3390 40 749 Dec 10 3389 3404 3436 3389 688 4962 Jan 11 3380 3396 3452 3373 ***** ***** Feb 11 3387 339567 words
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Article415 2010-11-12 31 Nov 11 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6550 0 ***** Mar11 99.5450 0 2507 Jun11 99.4450 0 2654 Sep11 99.3550 0 2056 EUROYEN TIBOR FUTURES Dec10 99.6675 175 3248 Mar11 99.6725 213 1474 Jun11 99.6725 200 1537 Sep11 99.6750 99.6750 99.6750 99.6650 200415 words
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Article144 2010-11-12 31 Nov 11 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 10 448.9 446.0 448.9 23 Jan 11 448.5 Feb 11 450.0 Mar 11 450.0 450.0 450.0 18 Apr 11 453.0 450.0 450.0 100 May 11 450.0 450.0 450.0144 words
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Article88 2010-11-12 31 Nov 11 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 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.94 103.95 103.95 5-Year N*****0S 2.875 01.07.2015 109.12 109.20 109.1588 words
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Article106 2010-11-12 31 Nov 10 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 10 1309.50 1319.25 1319.50 1305.00 Jan 11 1319.50 1329.00 1330.75 1314.50 Mar 11 1328.00 1338.00 1339.00 1323.25 May 11 1328.25 1338.75 1339.50 1323.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 10 53.95 53.40 53.97106 words
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Article77 2010-11-12 31 CRUDE OIL PRODUCTS Nov 10 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 88.79 -0.02 WTI (Near Mth) 87.73 1.14 Dubai (1-Mth F) 85.71 -0.17 Tapis blend 92.40 -0.05 Minas 88.00 -0.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 87.78 1.11 Jet Kerosene 100.80 0.70 US$/barrel Opec Oil77 words
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2403 2010-11-12 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2.5 unch 472 1 3 -8 2.40 1 6221 Asia-Pacific Strategic W*****6 39 unch 43 1 150 15 4.21 42 6227 ASJ Hldgs W*****1 3.52,403 words
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Article464 2010-11-12 31 Nov 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.004 6.654 0.729 7.787 44.471 89.409 0.826 11.126 3.105 1.277 85.837 44.079 1.291 6.898 0.974 30.182 29.723 0.622 1.005 Canada 0.996 6.628464 words
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Article85 2010-11-12 31 Nov 11 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-11-12 31 Nov 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2907 1.2923 1.0044 1.0049 Canadian dollar 1.2856 1.2873 1.0005 1.0010 Euro 1.7698 1.7717 1.3773 1.3777 NZ dollar 1.0103 1.0123 0.7862 0.7872 Sterling pound 2.0764 2.0787 1.6159 1.6164154 words
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Article138 2010-11-12 31 Nov 11 GOLD (US$/oz) Nov 11 Nov 10 Hong Kong 1407.70 1408.50 Nov 10 Nov 09 London 1388.39 1416.05 1389.16 1417.05 Source: Thomson Reuters CAST BAR Nov 11 (S$) Selling Buying Kilobar 62,345.69 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 140 58 5gm 397 291 10gm 708138 words
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Article71 2010-11-12 31 Nov 10 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2421.25 2442.75 3 months 2448.00 2469.00 Copper, Grade A (US$/tonne) Cash 8767.00 8864.00 3 months 8760.00 8858.00 Lead (US$/tonne) Cash 2579.75 2586.00 3 months 2604.00 2609.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0071 words
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Article84 2010-11-12 31 Nov 10 Nov 10 COCOA (£/tonne) Close Prev High/Low Dec 10 1847 1873 1874/1843 Mar 11 1872 1899 1900/1868 May 11 1891 1916 1916/1887 Jul 11 1909 1935 1935/1907 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1970 2056 2025/1965 Jan 11 1984 2060 2086/1966 Mar 11 1983 2052 2075/196784 words
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5755 2010-11-12 32 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.5,755 words
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Page 32 Advertisements
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Advertisement30 2010-11-12 32 Importers I M Y Can they find looking TOT your services Warehouse Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES30 words
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Advertisement28 2010-11-12 33 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 132728 words
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executive lifestyle
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Article, Illustration1311 2010-11-12 34 CLARISSA TAN - The Singapore Lyric Opera turns 20, while OperaViva launches a programme for aspiring opera composers. How is opera faring in Singapore? CLARISSA TAN is all ears CLARISSA TAN IN news articles about opera, it’s customary to mention, at least once, that “the fat lady sings”. SoPHOTOS: SINGAPORE LYRIC OPERA - 1,311 words
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Article, Illustration437 2010-11-12 34 IT IS the 1960s. Singapore and Malaysia are on the brink of Separation. A Chinese Singaporean boy has fallen in love with a Malay Malaysian girl. Their parents are opposed. The couple severs ties, then they try desperately to get back together. The boy rushesPHOTOS: OPERAVIVA, CLARISSA TAN - 437 words
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CINEMA
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Article, Illustration741 2010-11-12 35 DYLAN TAN - Bruce Willis and friends prove they are not the feeble foursome they may look like in Red, says DYLAN TAN DYLAN TAN NO WONDER Bruce Willis only had time for a cameo in the all-stars senior citizens blockbuster The Expendables earlier this year;PHOTOS: SHAW, AP - 741 words
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Article, Illustration609 2010-11-12 35 GEOFFREY EU - By GEOFFREY EU HAVING featured jet planes (Top Gun), subway trains (The Taking of Pelham 12 3) and racing automobiles (Days of Thunder) in his cinematic repertoire, director Tony Scott bears down on audiences with a runaway freight train in Unstoppable, a film that while doingAP - 609 words
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Article, Illustration395 2010-11-12 35 CHRISTOPHER LIM - DVD REVIEW By CHRISTOPHER LIM Spy movies and romantic flicks are both perfect fodder for lazy evenings or weekend afternoons, so combining those genres should, theoretically, bring together the best of both. Genre-spanning films are not always better than the sums of their parts, however,395 words
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PURSUITS
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Article, Illustration606 2010-11-12 36 CHEAH UI-HOON - The Blue Mug evokes memories of 1970s and 1980s India, says CHEAH UI-HOON CHEAH UI-HOON LAST year’s Kalaa Utsavam audience witnessed actor/director Atul Kumar playing the lead clown in The Company Theatre’s Hamlet. This year they will witness his directorial skills in one of the longer-running, successfullyESPLANADE - 606 words
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Article, Illustration563 2010-11-12 36 NATALIE KOH - By NATALIE KOH THE Tribal Gathering of Tongue Tasters is a strange title for an arts programme, or any show for that matter, and its performance last Saturday was every bit as odd. The music and sonic arts programme is a new initiative of The Substation that presentsDANIELA GUERRA - 563 words
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Article572 2010-11-12 36 AN annual Esplanade festival, Kalaa Utsavam, celebrates Indian arts during the festive period of Deepavali the Festival of Lights. BT’s picks are: SoundsofHeaven–JaltarangandBansuri Jugalbandhi by Milind Tulankar and Rajendra Kulkarni Nov 19, 7.30pm, Esplanade Recital Studio There’s something spa-like about the sound of melodious chimes of the572 words
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Article, Illustration596 2010-11-12 36 CHEAH UI-HOON - By CHEAH UI-HOON THE greek story of Narcissus falling in love with his own reflection in the pool is an apt illustration of humans’ love affair with our own images. No wonder then the practice of portraiture still endures although it now takes on aANNA SCHWARTZ GALLERY - 596 words
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AROUND TOWN
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Article, Illustration222 2010-11-12 36 TRAINED in architecture, Ludwig Ilio, artist and illustrator at The Business Times, has been working as an artist in print media as well as honing his painting skills for the past 20 over years. The 53-year-old has gone from figurative to abstract, and then ventured back into222 words
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Article, Illustration130 2010-11-12 36 WHO says women can’t drive well? Ten female drivers will be competing to become Singapore’s female stunt driver in the first-ever Subaru search for one. Tomorrow, the ladies, whose ages range from 28 to 35, will be going through two rounds of competition at the F1130 words
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Article93 2010-11-12 36 CHEAH UI-HOON - by CHEAH UI-HOON ROOTED in the Vitalist movement, French artist Frederic Monnet exhibiting for the first time in Singapore –putscolourandmovementtogether. What may look like a carefree blend of colour and motion is however a careful study of movement through many sketches and watercolours of dancers, athletes and bullfighters.93 words
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MUSIC
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Article, Illustration593 2010-11-12 37 CHRISTOPHER LIM - By CHRISTOPHER LIM ALBUM sales rarely break records in this age of BitTorrent file-sharing, so Taylor Swift’s Speak Now was greeted with fan- fare when it became the fastest-selling album in five years, and the first since 2008 to sell more than a million copies593 words
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Article, Illustration590 2010-11-12 37 DYLAN TAN - Sarah Blasko chases away the Monday blues with her impeccable pipes, reports DYLAN TAN DYLAN TAN HALFWAY through her first ever show here in Singapore, Sarah Blasko slipped on a pair of red velvet gloves before launching into Sleeper Awake, a track off her latest album, AsJONATHAN KWA - 590 words
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Article, Illustration631 2010-11-12 37 CHRISTOPHER LIM - By CHRISTOPHER LIM LOCAL composers are championed in Singapore but it isn’t every day that one gets to hear a local father-daughter musical team. Tonight, local violinist Kam Ning will play a programme predominantly devoted to compositions by her father, Kam Kee Yong, together with the631 words
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WINE
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Article, Illustration1131 2010-11-12 38 N K Yong - 2009 is indubitably a great vintage; the wines tasted leave the palate refreshed, and dying for another swallow, says N K Yong N K Yong LAST Friday morning, I stood looking out of the window in the guest bedroom of Chateau Figeac at the white swans gliding1,131 words
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Article, Illustration1020 2010-11-12 38 CHRISTOPHER LIM - BOOKS By CHRISTOPHER LIM THE Cyberpunk subgenre of science fiction literature used to be filled with high-tech jargon describing unrecognisably dystopian futures. William Gibson, however, has come a long way since his seminal 1984 novel Neuromancer in which he coined the term “cyberspace”. He’s said in interviews that1,020 words
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Article, Illustration604 2010-11-12 38 CHRISTOPHER LIM - GAMING By CHRISTOPHER LIM Stomping on bugs giant mutant insects is one of the highlights of Fallout New Vegas, but stumbling across buggy glitches isn’t supposed to be part of the experience. Unfortunately, this latest instalment in the action role-playing game (RPG) Fallout franchise is unusually604 words
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AUCTIONS
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Article, Illustration613 2010-11-12 39 VERENA DOBNIK - Proceeds from sale of belongings will go to fund that compensates his victims, says VERENA DOBNIK VERENA DOBNIK AP JAILED financier Bernard Madoff led a lavish lifestyle until his downfall. The disgraced financier left homes filled with luxury goods and everyday items such asAP - 613 words
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Page 34 Advertisements
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Advertisement8 2010-11-12 34 AUCTIONS Madoff loot gets sold off PAGE 398 words
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Page 35 Advertisements
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Advertisement447 2010-11-12 35 LAST-MINUTE DEALS FOR YEAR-END HOLIDAYS FREE 20” Trolley Luggage per Citibank card or Ready Credit member with $3500 charge for new bookings only, while stocks last All prices are subjected to associated taxes surcharges correct at time of print subject to change fr $74 to $929 Check Out Our Full447 words
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Advertisement13 2010-11-12 36 www.omy.sg o A 71 eat omy sg O C3 e e SP7i\s03Bn(E, showtime.omy.sg13 words
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Page 37 Advertisements
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Advertisement37 2010-11-12 37 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY hill is m m mi I H7 What makes Dempsey a hit with Indians? k/ MARY, MARY, QUITE CONTRARY GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)37 words
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Page 37 Miscellaneous
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Miscellaneous295 2010-11-12 37 CRYPTIC CROSSWORD Across 1 Fascinating crimes solved going round Middle East (8) 9 Start with hesitation from platform (8) 10 Glittering particle stopped short of box (4) 11 It’s the pick of the vineyards (5,7) 13 Second in mountain race? (6-2) 15 Bird is found in hide (6) 16 Low295 words
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Advertisement20 2010-11-12 39 t ,,r 1 *3 AsiaRooms Search for one night's stay. Find you never want to leave. Always a better room.20 words
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Advertisement61 2010-11-12 40 p I Travel in an instant v w\\WV"Av\ u Si) LOUIS VUITTON CHRONOMETER 7 *> V' 7 7 ty<m S MAOt y ,i l""l""l Tambour LV277 automatic chronograph. Manufacture movement, LV277 caliber, certified Chronometer (36 000 vibrations per hour). Made in Switzerland by Les Ateliers Horlogers Louis Vuitton. LOUIS VUITTON61 words
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Business Excellence
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Article, Illustration687 2010-11-12 1 N today’s highly competitive environment, it is critical for organisations to strengthen their management capabilities to drive productivity improvements. Productivity is not just about doing things more efficiently by ‘doing things right’, it is also about achieving maximum effectiveness by ‘doing the right things’.687 words
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Article, Illustration1079 2010-11-12 2 TEH SHI NING - The Ministry of Manpower is the first government ministry to win the Singapore Quality Award. TEH SHI NINGreports TEH SHI NING IT IS a case of practising more than you preach for the Ministry of Manpower (MOM), which recently became the first government ministry to win1,079 words
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Article, Illustration1209 2010-11-12 4 TEH SHI NING - By winning the Singapore Quality Award a second time, the Singapore Civil Defence Force shows it is not only operationally inclined, it also possesses key elements of business excellence, reports TEH SHI NING TEH SHI NING ONE might assume the uniformed officers of the Singapore1,209 words
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Article, Illustration1312 2010-11-12 6 TEH SHI NING - Hwa Chong Institution aims to break down geographical and cultural barriers in order to groom students to become bicultural leaders, reports TEH SHI NING TEH SHI NING IT IS one thing to boast of students who have won world championships and attained global standards of excellence, but1,312 words
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Article, Illustration1557 2010-11-12 8 The business excellence initiative will help organisations attain world-class standards BUSINESS excellence is about progressing on a journey to attain world-class performance standards. With the business excellence initiative, organisations can know where they stand and what they need to do to achieve a higher1,557 words
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Article, Illustration1163 2010-11-12 10 TEH SHI NING - Equipping staff with the skills to better serve its customers has helped the National Library Board win the People Excellence Award. TEH SHI NING reports TEH SHI NING LIBRARIES today are far more than the long aisles of dusty bookshelves any mention of themARTHUR LEE - 1,163 words
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Article, Illustration664 2010-11-12 10 FELDA CHAY - By FELDA CHAY EGGS have been thrown at Singapore’s service industry, most of which are targeted at the poor showing of staff. Some say service here is inefficient, while others complain about staff attitude. Then there are those who have no complaints aboutYEN MENG JIIN - 664 words
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222 2010-11-12 10 THE first step Amara Singapore took to prepare for its Service Class certification was to set up a steering committee, which included its top management and key stakeholders. This helped the organisation’s leaders accept and support the changes that would be made to its222 words
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Article, Illustration961 2010-11-12 12 LYNN KAN - The company’s emphasis on efficiency and its highly skilled and flexible workforce have helped put S’pore on the world map, says LYNN KAN LYNN KAN YOKOGAWA Electric Asia’s shiny building on Bedok South Road looks and feels very much like its Japanese roots: tidy, clean961 words
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Article, Illustration505 2010-11-12 12 SPRING Singapore was designated by the Asian Productivity Organization (APO) as a Centre of Excellence (COE) for business excellence in 2009. The APO is a regional inter-governmental organisation whose mission is to contribute to the socio-economic development of Asia and the PacificSPRING SINGAPORE - 505 words
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Article425 2010-11-12 12 SINCE it was launched by Spring Singapore in 2007, the SME Management Action for Results (SMART) initiative has helped more than 150 small and medium enterprises (SMEs) develop their management systems for growth. Many of these SMEs are from the services, manufacturing and engineering, and lifestyle425 words
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Article, Illustration960 2010-11-12 14 KAREN NG - Heatec Jietong constantly benchmarks itself against its larger rivals in order to learn and to prepare itself for expansion. KAREN NG reports KAREN NG HEATEC Jietong, a provider of heat transfer and piping systems services to the marine and oil and gas industries,960 words
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Article, Illustration955 2010-11-12 14 THE business environment today poses many challenges to organisations. Being able to sustain the organisation requires organisations to adopt management practices that will help them be resilient and position themselves for growth. Business Excellence CEO Roundtable The Business Excellence CEO Roundtable, held on955 words
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Advertisement334 2010-11-12 1 CONTENTS Setting an exemplary example I PAGE 2 Men of action mean business I PAGE 4 Provider of knowledge to the community I PAGE 10 Yokogawa scores with its speed I PAGE 12 Achieving Win-Win-Win Outcomes BETTER HOURS m "At Aexis, our people drive the success of our business. In334 words
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Advertisement278 2010-11-12 2 '/f YJs I /^i k &a n 0 i>r >~ r*v L.-J k'j m U--v m L'J f m L. L'J V B L'J Iff H C-£^m \-Oiurm SINGAPORE v QUALITY CLASS PEOPLE DE^i ELOPER BIS Beca Engineering Consulting Design in Singapore for Over 30 Years Business excellence. At Beca,278 words
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Advertisement143 2010-11-12 3 S E R V 1 C E C L A S S .QUALITY CLASS PEOPLE DE ELOPER r I N NOV AT 10 N CLASS f Work-Life Excellence Award TAFEP Exemplar)' Employer Award 2010 Tripartite Alliance For Fair Employment Practices 1 HIE ASIAN'BANKER EXCELLENCE IN RETAIL FINANCIAL SERVICES AWARDS 2010143 words
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Advertisement65 2010-11-12 4 Look at what we have achieved by making your business our business. o Ask OCBC SINGAPORE QUALITY CLASS Our Payment E-Banking Operations team is honoured to receive the Singapore Quality Class certification for overall business excellence from SPRING Singapore. That's because we have built a culture of quality and service65 words
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Advertisement266 2010-11-12 5 MINISTRY OF MANPOWER SINGAPORE QUALITY AWARD 04 c lu&ineM excelle ence We are honoured to be Awarded the 2010 Singapore Quality Award 2010 WINNER 9 .r- I 4 <7 7 m People Centredness. Professionalism. Teamwork. Passion for Progress. These four values guide the behaviour and actions of staff at the266 words
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Advertisement406 2010-11-12 6 ACE Achieves E When ACE Insurance Ltd embarked on its drive to Business Excellence, its primary objective was to ascertain areas of improvement in operations and customer management. This would enable ACE to serve its partners and policyholders better, ultimately helping it to achieve its vision of being the general406 words
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Advertisement464 2010-11-12 7 Business Excellence Certifications Honour Roll 2010 These are the organisations that have been certified from 1 November 2009 to 31 October 2010. K>t SINGAPORE QUALITY CLASS STAR A*STAR Air Logistics Organisation, The Republic of Singapore Air Force Anglo-Chinese School (Independent) Immigration Checkpoints Authority Infocomm Development Authority of Singapore Institute of464 words
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Advertisement297 2010-11-12 8 J //r Wf IIfi Building on Business and People Excellence Systems KPK yOC V, r 1 As one of the top quantity surveying firms in Singapore and a member firm of the KPK International Group with offices located across Asia, KPK Quantity Surveyors (Singapore) Pte Ltd is recognised and respected297 words
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Advertisement438 2010-11-12 9 77 r A 1 < V "V r 4 P 0 r r. V s V i P\ j. w tL i .j VI *> /^4 PEOPLE EXCELLENCE AWARD 2010 WINNER People with a passion for learning and a heart for service People Excellence Award 2010 Winner NLB For the438 words
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Advertisement194 2010-11-12 11 Singapore Civil Defence Force is the ProudWinner of The 2010 Singapore Quality Award “Winning the Singapore Quality Award for the second time is a resounding endorsement of our continuous commitment towards business and service excellence, and our vision of becoming a world class organisation to serve the people ofSingapore.Eversincetakingourfirststepin2001,wehavenot looked194 words
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Advertisement298 2010-11-12 13 At SP Services, we strive for STAR quality service. S .....SmileT .....TimelyA.....AccessibleR R .....Reliable To us, service excellence means serving customers with a Smile, providing utility services that are Timely, Accessible and Reliable. Receiving recognition for our service achievements and getting high customer satisfaction are like dreams come true. Service298 words
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Advertisement182 2010-11-12 15 4 m ,is BIB 1 m M 1 WW £8^ r-cV iL^$- m -C-' O'^'-*""^r> T Vv*. Jg Certified To Excel APU aims to be a world-class polyurethane performance innovator. Our team of dedicated professionals partners are fully committed to this goal. /2PU Since 1985 is proud to be fully182 words
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Advertisement250 2010-11-12 16 Hwa Chong Achieves World Class Excellence Drawing from the best of the East and West, Hwa Chong Institution is at the forefront of educational change and innovation. A commitment to excellence is a hallmark of the institution, whose mission is to develop leaders in research, industry and government. The strength250 words
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