The Business Times, 16 August 2011

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Microfilm: NL31592
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    24 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, August 16, 2011G
    24 words
  • Article, Illustration
    Lock icon Private home sales ride July rebound
    891 1  -  Attractive projects, low interest rates reverse slump but outlook hazy By KALPANA RASHIWALA [SINGAPORE] The number of private homes sold by developers rebounded in July after falling for the prececeding two months, but the outlook remains tinged with uncertainty about the state of the
    891 words
  • Article
    Lock icon MARKETS DIGEST
    144 1 GST INDEX 2,874.40 (+23.81) G ST INDEX FUTURES 2,865 (+25) G SIMSCI 331.84 (+3.57) G SIMSCI FUTURES 331.30 (+5.10) FOREX US$ S$ US$ (S$ per US$) 1.207 (US$/S$ per 1.629 1.966 EURO (US$/S$/E) 1.431 1.727 Foreign currency per US$ S$ YEN 76.90 63.70 RM 2.978 2.467 HK$ 7.795
    144 words
  • Article
    Lock icon Businesses sweat over cost of stiffer EP criteria
    636 1  -  Some say it’s not easy to hire locals and that changes may inflate costs By TEH SHI NING [SINGAPORE] Businesses, especially SMEs reliant on foreign white-collar staff, are bracing themselves for the costs and manpower impact of stricter employment pass (EP) criteria.
    636 words
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  • TOP STORIES
    • Article
      Lock icon Japan contraction less severe than feared
      678 2  -  GDP shrinks 1.3% in Q2 against an expected 2.6%, raising early recovery hopes By ANTHONY ROWLEY in Tokyo THE continuing contraction of Japan’s economy following the country’s natural disasters and nuclear crisis in March eased much faster than expected in the second quarter of
      678 words
    • Article
      Lock icon Record 8,000 flats to be launched in Sept
      733 2  -  Singles to also benefit from higher income ceilings Reports by EMILYN YAP Reports by [SINGAPORE] The Housing Development Board (HDB) will be launching a record 8,000 flats next month to meet households’ demand for public housing. More singles too, will find flats
      733 words
    • Article
      Lock icon More Singaporeans to gain from healthcare scheme in ‘12
      531 2  -  By MINDY TAN [SINGAPORE] More Singaporeans will be able to benefit from the Primary Care Partnership Scheme (PCPS) from next year, alongside greater subsidy for drugs at public healthcare institutions, and a higher Medisave withdrawal limit under the chronic disease management
      531 words
    • Article
      Lock icon No change to DBSS income ceiling
      287 2 [SINGAPORE] The government is keeping the monthly income ceiling for flats under the Design, Build and Sell Scheme (DBSS) at $10,000. This means that the potential pool of buyers for DBSS flats and HDB flats is now the same. The government yesterday raised the
      287 words
    • Article
      Lock icon Clarification
      32 2 IN THE Raffles Conversation feature “All in her stride” (BT, Aug 6), mention was made of the takeover of Robinson Company. The takeover was by Omar Al-Futtaim and not Majid Al-Futtaim.
      32 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      605 2 Private home sales ride July rebound THE number of private homes sold by developers rebounded in July after falling for the preceding two months, but the outlook remains tinged with uncertainty about the state of the financial markets and the economy. The jury is also out on the
      605 words
    • Article
      Lock icon US bond yields in race to the bottom
      815 4 Fears rise that the US may be in for a prolonged period of below-par growth Bloomberg [NEW YORK] US government bond yields are poised to converge with Japan’s for the first time in almost two decades, sparking the biggest returns for investors
      Bloomberg  -  815 words
    • Article, Illustration
      Lock icon Traders slash bets against dollar by record amount
      634 4 Greenback tipped to gain as demand for US Treasuries soars Bloomberg [NEW YORK] Foreign-ex-change traders have slashed their bets against the dollar by the most on record as demand for US Treasuries soared amid concern the global economic recovery is faltering. Aggregate
      Bloomberg; BLOOMBERG  -  634 words
    • Article
      Lock icon Google to buy Motorola biz in mega deal
      663 4 It gets over 17,000 mobile patents, hardware business Bloomberg [NEW YORK] Google Inc, maker of the Android mo-bile-phone software, agreed to buy smartphone maker Motorola Mobility Holdings Inc for US$12.5 billion in its biggest deal, gaining mobile patents and expanding in the
      Bloomberg  -  663 words
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      28 words
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      92 words
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      121 words
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      919 4 `*`=$<={|)[%^,\{}$,==`":).&%{&% NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the ANNUAL GENERAL MEETING of Fastech Synergy Ltd (the “Company”) will be held on 6 September 2011 at 2:00 pm at Makiling room, Sta. Elena Golf Country Club, Cabuyao, Laguna, Philippines 4025 for the purpose of transacting the following
      919 words
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      19 4 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices AT-3 NOTICES
      19 words
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  • COMPANY NEWS
    • Article
      Lock icon Resorts World surrendering market share to MBS
      633 5  -  Genting Singapore shares close at $1.67 their lowest level since Aug 30, 2010 By GRACE LEONG GENTING Singapore’s latest earnings show Resorts World Sentosa (RWS), for the first time, noticeably ceding market share in both the VIP and massmarket segments to rival Marina
      633 words
    • Article
      Lock icon SGX starts new trading engine
      368 5  -  By JAMIE LEE THE Singapore Exchange (SGX) went full throttle yesterday, launching its new trading engine that has it providing the world’s fastest trading connectivity. The $250 million investment in the new trading engine and other infrastructure developments is expected to draw in more high-frequency
      368 words
    • Article
      Lock icon Stocks: is it really time to buy?
      698 5  -  HOCK LOCK SIEW By R SIVANITHY STOCK markets may have rebounded in the past two sessions from the heavy beating sustained over the past few weeks but there is still plenty to worry investors. In Europe, for example, the authorities in some countries
      698 words
    • Article, Illustration
      Lock icon STX OSV shares soar on better margins; NOL dips
      449 6  -  Analysts see weaker quarters for NOL; favour STX OSV’s Ebitda margins By LYNN KAN SHARES of container shipping group Neptune Orient Lines (NOL) and offshore vessel builder STX OSV went in opposite directions yesterday, reflecting market perception of their financial performance
      BLOOMBERG  -  449 words
    • Article
      Lock icon Hu An Cable profit slides 18.8% in Q2
      380 6  -  By TEO SI JIA WIRE and cable manufacturer Hu An Cable Holdings recorded an 18.8 per cent decline in second-quarter earnings to 29.6 million yuan (S$5.57 million) from 36.45 million yuan a year earlier. For the first six months, however, profit grew
      380 words
    • Article
      Lock icon Artivision’s China partner signs deal with CNTV
      430 6  -  2 other online video sites also want to use ad technology By FELDA CHAY AN ad application that had sent Artivision Technologies’ shares soaring months ago is back in the news. Artivision said yesterday that China Network Television (CNTV), the online television division
      430 words
    • Article
      Lock icon ThinkEnv posts $2.8m loss in Q1 on falling orders
      358 6  -  By FELDA CHAY A DROP in orders for office equipment products led The Think Environmental Company (ThinkEnv) to report a loss of $2.8 million for its fiscal first quarter ended June 30. The company, which has been shifting its focus away
      358 words
    • COMPANY BRIEFS
      • Article
        Lock icon SIA passenger number up in July
        97 6 THE number of passengers Singapore Airlines carried in July rose 3.4 per cent year on year to 1.5 million. However, its July passenger load factor (PLF) was at 81.6 per cent, down 0.8 percentage point. Passenger carriage (measured in revenue passenger kilometers) increased 4.5
        97 words
      • Article
        Lock icon Tritech unit secures $2.25m LTA contract
        86 6 TRITECH Group Ltd’s subsidiary, Tritech Engineering Testing (Singapore), had on Aug 12, 2011, been awarded a $2.249 million contract by the Land Transport Authority (LTA). The contract is for the Instrumentation and Monitoring for Downtown Line Stage 3, which is the final stretch of
        86 words
      • Article
        Lock icon OKP unit wins $4.9m JTC job
        66 6 OKP Holdings has, through its wholly owned subsidiary Eng Lam Contractors Co, secured a $4.9 million contract from JTC for the building of sewers from Tuas South Avenue 14 to Tuas South Avenue 12 from Aug 19 until July next year. The new contract
        66 words
    • Article
      Lock icon Why 2011 won’t be a rerun of 2008: Citi
      644 6  -  By KELLY TAY WHILE Citigroup has acknowledged that 2011 may bear similarities to the 2008/2009 global financial crisis, it says it is not expecting a repeat of 2008. Said Citi in an equity strategy report: “The global financial crisis was sparked
      644 words
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      Lock icon Page 5 Advertisements Column 1
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      515 words
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      662 6 :*ATci NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VITAL INVESTMENTS PTE LTD (Company Registration No.: *****4052H) (IN MEMBERS’ VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company duly convened and held at 24 Peck Seah Street #04-06 Nehsons Building Singapore *****4
      662 words
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      595 7 Forbes nHV tttltr ;f!ff FORBES GLOBAL CEO CONFERENCE 3 fi A1A IU ilS If 3.~ II i I =^f a s«iii 1 m liiiiisii l:k as ill lilllii I 111! m ■2= 3.V iH Hi Mite f' II SJtm rfilH AT THE CROSSROADS September 12 14,2011 Kuala Lumpur, Malaysia Confirmed
      595 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI bounces for second session
      571 8  -  Index’s 23-point rise is in tandem with gains in regional bourses and firm European opening STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index’s recovery from its recent hammering extended into a second consecutive session yesterday, with the index gaining 23.81 points at 2,874.40. The
      Source: Bloomberg  -  571 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 Aug 15 VALUE CLOSE BT OB/OS -1712.00 +262.0 BT CADI -*****.00 +163.0 BT 10-day MA -*****.00-171.00 FTSE ST Mid Cap 655.56 +7.58 FTSE ST Small Cap 445.62 +5.04 FTSE ST All Share 694.35 +6.22 FTSE ST China Top 212.11 +2.36 FTSE ST China 249.14 +1.70 FTSE ST
      65 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 8 VOLUME Genting SP 122,496,000 Golden Agri 72,224,000 CentraLand 67,866,000 SingTel 32,001,000 Noble Grp 31,909,000 HSI*****MBeCW*****9 29,841,000 MDR 27,108,000 Cosco Corp 24,286,000 STXOSV 20,813,000 *Genting HK US$ 17,889,000 VALUE($) Genting SP 204,882,650 DBS Grp 100,844,350 SingTel 96,607,376 OCBC Bk 83,229,520 Keppel Corp 81,255,186 UOB 80,905,570 Noble Grp 48,759,625
      59 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 4 0 0 0 0 11 4 0 Manufacturing 76 54 39 4 6 3 80 60 42 Commerce 30 17 13 6 2 2 36 19 15 Tpt/Stor/Comms 23 10 9
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon United Overseas Bank
        456 8  -  Aug 15 close: $18.87 OCBC Investment Research, Aug 15 Compiled by LYNN KAN UNITED Overseas Bank (UOB) posted Q2 FY11 net earnings of $636 million, up 4.1 per cent q-o-q and 5.6 per cent y-o-y, and slightly above Bloomberg analysts’ poll of $630 million. Loans grew 7
        Source: Bloomberg  -  456 words
      • Article
        Lock icon Glossary:
        137 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        137 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 30,744 30,744 112,050 112,050 Manufacturing 237,373 10,491 247,864 197,228 380 197,608 Commerce 85,525 6,332 91,857 120,116 502 120,618 Tpt/Stor/Comms 170,584 877 171,461 245,218 105 245,324 Finance 26,036 111 26,147 285,961 24 285,985 Construction 25,337 5,516
      120 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 1.165 -0.020 CapitaLand 2.570 CapitaMall 1.810 +0.030 CityDev 10.260 +0.120 ComfortDelGro 1.310 +0.050 DBS Grp 14.050 +0.290 F&N 5.690 +0.190 GLP 1.790 +0.035 Genting SP 1.670 -0.055 Golden Agri 0.640 HK Land 6.000 +0.020 JMH 50.510 -0.790 JSH 29.090 -0.010 Jardine
      112 words
    • Article
      Lock icon Swiss franc hits 2-wk lows vs euro, dollar
      436 8 CURRENCIES Reuters [LONDON] The Swiss franc slid yesterday, hitting two-week lows against the euro and the dollar on speculation that the Swiss National Bank would act further to counter strength in the currency by setting an exchange rate target. But analysts said
      Reuters  -  436 words
    • Article
      Lock icon RISES
      119 8 BY CENTS CLOSE UP DBXT E50 10US$ 3754 311.4 7.4 DBXT Nifty 10US$ ***** 252.2 1.8 Lyxor AsiaCS 10US$ 5373 182.2 2.9 DBXT MSKorea 10US$ 5361 170.2 2.7 DBXT MSEurope 10US$ 4227 159.3 3.2 DBXT SPASX200 10US$ 3245 103.8 2.7 Jardine C&C 4387 94.0 2.2 DBXT MSAsExJp 10US$ 3065
      119 words
    • Article
      Lock icon FALLS
      116 8 BY CENTS CLOSE DOWN GLD 10US$ *****-217.2 -1.1 JMH 5051 -95.3 -1.5 DBXT S&P Short 10US$ 4607 -79.7 -1.4 Lyxor EmergingMkts 1 1022 -35.0 -2.8 HSI*****MBePW*****9 49 -12.0 -19.7 SIMSCI335MBePW*****0 41.5 -11.0 -21.0 CombWill 100 153 -10.0 -6.1 Elec Eltek 314 -9.7 -2.5 Mewah 50 -9.5 -16.0 STI 3150BPePW*****8
      116 words
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      75 8 12 B V LG A R I CALIBRO 303 o a ■:_L-qnA SI f'JUA r sp Co o n 0/ '5H7SS MAO? B V LG A R I THE NEW DIAGONO CALIBRO 303 BOUTIQUES TAKASHIMAYANDEPARTMENT STORE 65 6735 6689 HILTON HOTEL 65 6737 1652 PARAGON SHOPPING CENTRE 65 6836 6911
      75 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Retail sales chalk up 10.9% growth in June
      343 9  -  Categories including watches jewellery register robust double-digit gain By NISHA NISHA RAMCHANDANI RETAIL sales for June grew by 10.9 per cent from the corresponding month a year ago, with retail categories such as watches jewellery as well as telecommunications apparatus computers registering
      343 words
    • Article, Illustration
      Lock icon Tuas Power to proceed with Phase 2 of expansion plan
      553 9  -  By RONNIE LIM THE turmoil in global markets notwithstanding, Tuas Power (TP) is set to proceed shortly with Phase 2 of its $2 billion clean coal/biomass multi-utilities expansion on Jurong Island. “We have secured enough customers for us to embark
      BLOOMBERG  -  553 words
    • Article
      Lock icon ChildAid 2011 auditions draw 45 performances
      249 9  -  By MICHELLE YEO AUDITIONS for the ChildAid 2011 concert saw a total of 45 individual and group performances ranging from emotional ballads to whimsical, indie tunes, and with the youngest performer being seven years old while the oldest was 19. The musical talent on
      249 words
    • Article
      Lock icon Shortage of financial talent here
      308 9  -  By KELLY TAY AS many as 97 per cent of employers in Singapore who are looking to hire in the second half of 2011 say that it is a challenge finding skilled financial professionals who are right for the job. This is according to findings
      308 words
    • Article
      Lock icon URA launches Woodlands industrial site
      225 9 THE Urban Redevelopment Authority (URA) launched an industrial site at Woodlands Avenue 12 (Parcel 3) yesterday. The site will be for sale by public tender. The 60-year leasehold site has a site area of 202,362 sq ft with a maximum gross plot ratio of 2.5.
      225 words
    • Article, Illustration
      Lock icon Uncashable cheques being written: Tony Tan
      570 9  -  Populist appeals of some rivals affecting presidential election By LEE U-WEN PRESIDENTIAL hopeful Tony Tan has expressed fears that some of his rivals in the upcoming election are “writing cheques” that even the president himself will be unable to cash. Dr Tan also shared
      FILE PHOTO  -  570 words
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      61 9 SALE Book Economy Extra or Business class by 9 September, 2011 Economy Extra round-tripfrom Singapore to BILLUND$2579 KRISTIANSAN D$2836 STOCKHOLM$2841 Business class round-tripfrom Singapore to COPENHAGEN$4171 GOTHENBURG$4324 OSLO$4324 and many more destinations. SAS Premium classes benefits Business class check-in Video-Audio on demand at each seat Laptop power outlet at each
      61 words
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  • ECONOMY WATCH
    • Article
      Lock icon Sterling losing shine as UK outlook worsens
      629 10 Low bond yields, faltering economy are some factors Bloomberg [EDINBURGH] Britain’s allure as a haven is crumbling as global investors desert sterling amid the lowest inflation-adjusted bond yields on record and a faltering economy. Amid a background of rioting and looting across the
      Bloomberg  -  629 words
    • Article, Illustration
      Lock icon Global markets in a new danger zone: Zoellick
      603 10 He says the US has contributed to the drop in confidence in the markets AFP [SYDNEY] World Bank chief Robert Zoellick said on Sunday that investors had lost confidence in the economic leadership of several key countries, warning global markets were in
      AFP; BLOOMBERG  -  603 words
    • Article, Illustration
      Lock icon Fate of New York if there’s a double-dip recession
      590 10 [NEW YORK] New York City may have recovered from the Great Recession sooner and more strongly than the rest of the nation did, but it is no less likely to slip back into reverse, economists said. If the plodding national economy
      BLOOMBERG  -  590 words
    • Article
      Lock icon Germans to EU: Tighten rules to get funds
      581 10 Merkel to unveil plans for a new EU body to enforce strict fiscal policy AP [BERLIN] Post-World War II Germany rebuilt its economy on a system of strong rules within which businesses and industries, from car manufacturing to media competition, were allowed
      AP  -  581 words
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      57 10 SINGAPORE'S PREMIER HOME-GROWN CAR MAGAZINE SURANCE FIRMS ARE ONTO YO PG18 I I KNs F1 INFIGHTING EPICS >5 NEW BENTLEY CONTINENTAL CT ING PERFORMANCE EXTREME LUX f XKRS FASTEST JAGUAR TODAY TORQUE ON THE MOVE IS HAPPENING ON AUGUST 20. SIGN UP FOR THIS EXCITING MOTORING TELEMATCH TODAY! MORE DETAILS
      57 words
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      170 10 <0$ MATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 And In the Matter of 1. LESBURY INTERNATIONAL PTE LTD (Registration No: *****7026D) 2. ORICA PACIFIC PTE. LTD. (Registration No: *****2339N) 3. KASANKA PTE. LTD. (Registration No: *****2314N) 4. XL PRESCHOOL PTE. LTD. (Registration No: *****2115W) 5. CK
      170 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Beijing to reclassify local govt debts: report
      556 11 Move will relieve pressure on banks to raise fresh capital Reuters [BEIJING] Chinese regulators have been reclassifying local government debts to ease banks’ provisioning requirements for potential bad loans, the China Securities Journal reported yesterday, citing a source who said that more than
      Reuters  -  556 words
    • Article, Illustration
      Lock icon Taming inflation is top priority: PM Singh
      688 11 PM also vows to eradicate corruption that undermines India’s development Bloomberg [NEW DELHI] India’s Prime Minister Manmohan Singh said that taming inflation would be his government’s “top-most” priority and vowed to eradicate corruption that threatens to undermine the nation’s development. “We are continuously
      Bloomberg; AP  -  688 words
    • Article, Illustration
      Lock icon Sonia Gandhi’s disappearance raises questions and temperance too
      694 11 NYT [NEW DELHI] It has been 11 days since the announcement of the disappearance of Sonia Gandhi, the most powerful political figure in India. From all corners of the country, people have offered prayers and good wishes, even her political enemies. Yet
      NYT  -  694 words
    • Article
      Lock icon China shuts down petrochem plant after protest
      307 11 AP [DALIAN] Riot police stood watch yesterday over a square where thousands of protesters scuffled with police in a demonstration that prompted the authorities to meet their demand to shut down a local petrochemical factory. The large protest highlighted Chinese citizens’ increasing boldness
      AP  -  307 words
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      147 11 *-> J T* »> a F erv i Tt Making it easier for you to go to Jakarta and back in a day. At Garuda Indonesia we want business travellers like you to get home as soon as possible. With 8 daily flights and the earliest departure time from Singapore
      147 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia to give tax holiday for major investors
      528 12 This applies to those who commit at least one trillion rupiah into certain sectors Reuters [JAKARTA] Indonesia will give a tax holiday for investors committing at least one trillion rupiah (S$141 million) into sectors including metals and energy, an effort to spur
      Reuters  -  528 words
    • Article
      Lock icon No plans to cap foreign banks' stakes: Bl
      569 12 Bernama [JAKARTA] Bank Indonesia’s (BI) stance on bank ownership limits is aimed at breeding good governance in the growing sector and it should not be perceived as a measure to discourage foreign ownership of local banks, an English daily yesterday quoted central
      Bernama  -  569 words
    • Article
      Lock icon Value of Scientex’s development projects tops RM2b
      460 12 [SHAH ALAM] Scientex Bhd expects its ongoing property development projects, with a total gross development value of RM2.1 billion (S$850 million), to keep it busy at least until 2019. For the nine months to April 30, the 58.7-hectare Taman Mutiara Mas project in
      460 words
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      2413 12 MATS BUY IT• SELL IT-FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg efa)3mti9!>teT BankofBaroda (Incorporated in India) India's International Bank BALANCE SHEET AS ON 31 ST MARCH 2011 PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 ST MARCH 2011 As on 31st March 2011 Capital Reserves Surplus Deposits Borrowings
      2,413 words
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  • WORLD
    • Article
      Lock icon SEC probing S&P’s US rating downgrade
      531 13 It’s checking method and whether anyone had advance info Bloomberg [WASHINGTON] The Securities and Exchange Commission (SEC) is scrutinising the method Standard Poor’s (S&P) used to cut the US’s credit rating and whether the firm properly protected the confidential decision, according to a person
      Bloomberg  -  531 words
    • Article, Illustration
      Lock icon Decline in US oil demand could become irreversible
      586 13 Use of petrol in July lowest on record for the month, MasterCard data show Reuters [NEW YORK] As a US economic rebound stalls and threatens to spiral into recession, oil demand in the world’s top consumer may be slipping into an irreversible
      Reuters; AP  -  586 words
    • Article, Illustration
      Lock icon Japan gives Thaksin special pass for visit
      485 13  -  By LEE U-WEN [SINGAPORE] Exiled Thai ex-prime minister Thaksin Shinawatra has been granted a special entry permit to make a high-profile visit to Japan next week. Japan’s Chief Cabinet Secretary Yukio Edano said yesterday that Thaksin was keen to meet victims of the
      REUTERS  -  485 words
    • Article
      Lock icon PM Gillard faces a taxing parliamentary session
      557 13 Reuters [CANBERRA] Embattled Australian Prime Minister Julia Gillard begins a make-or-break parliamentary season this week, trying to finally deliver her key carbon and mining tax policies against a barrage of opposition from voters, business and opposition parties. Ms Gillard and her minority Labor
      Reuters  -  557 words
    • Article
      Lock icon Aussie farmers want greater land protection
      312 13 Reuters [CANBERRA] Australian farmers demanded greater protection against coal seam gas miners eyeing their land for exploration as a political fight surrounding the US$70 billion gas industry yesterday threatened to splinter the surging conservative opposition. After months of tensions between farmers and miners over
      Reuters  -  312 words
    • Article
      Lock icon Thai power firm taps yen to buy Aussie holding
      603 14 Ratchaburi will buy a 56.2% stake in Australia’s TSI fund IFR [TOKYO] Asian acquisitions are rarely financed through the bond markets let alone in yen. Thailand’s Ratchaburi Electricity Generating Holding, however, has done just that with an unusual Japanese bond, allowing
      IFR  -  603 words
    • Article, Illustration
      Lock icon Buffett urges Congress to raise taxes on mega-rich
      569 14 He says it’ll help cut US budget deficit and won’t hurt job growth, investment Bloomberg [NEW YORK] Billionaire Warren Buffett has urged Congress to raise taxes on the nation’s wealthiest individuals to help cut the US budget deficit, saying it won’t inhibit
      Bloomberg  -  569 words
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      Lock icon Perry’s race entry dilutes Bachmann’s triumph
      667 14 Both seek backing of religious, social conservatives REPUBLICAN PRESIDENTIAL CAMPAIGN Reuters [AMES, Iowa] It was Michele Bachmann’s big moment in the political spotlight and Rick Perry stomped all over it. Despite her victory on Saturday in the Iowa straw poll, the first big test
      Reuters; PHOTOS: AP, AFP  -  667 words
    • Article
      Lock icon Aussie takeovers expected to wane
      354 14 Volatility widens gap between offer, selling prices Bloomberg [SYDNEY] Takeovers in Australia, already on course to decline from last year, may be delayed or even shelved after unprecedented index swings and a rout that sent Sydney stocks into a bear market, investment bankers said. Market
      Bloomberg  -  354 words
    • Article, Illustration
      Lock icon Citi, Goldman boost French bank ties in H1
      635 15 Their exposures to lenders there went up before market rout, filings show Bloomberg [NEW YORK] Citigroup Inc and Goldman Sachs Group Inc increased gross exposures to French banks in the year’s first half before the European nation’s financial stocks plunged amid perceived
      Bloomberg; AP  -  635 words
    • Article
      Lock icon About 216 tonnes of oil spilt in North Sea: Shell
      494 15 Traders downplay impact of a shutdown at Gannet field on supplies Reuters [LONDON] Royal Dutch Shell’s ruptured North Sea pipeline has caused a “substantial” spill, with oil still leaking into the sea, the British government and the oil major said
      Reuters  -  494 words
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      Lock icon Time Warner Cable to buy Carlyle’s Insight
      365 15 Bloomberg [NEW YORK] Time Warner Cable Inc, the second-larg-est US cable-television operator, agreed to buy Carlyle Group’s Insight Communications Co for US$3 billion in cash to gain customers in the Midwest. The deal may generate cost savings of US$100 million within two years,
      Bloomberg; AFP  -  365 words
    • Article
      Lock icon Cameron: UK must confront its culture
      556 15 AP [LONDON] Britain must confront a culture of laziness, irresponsibility and selfishness which fuelled four days of riots that left five dead, thousands facing criminal charges and hundreds of millions of pounds of damage, Prime Minister David Cameron acknowledged yesterday. As rival political leaders
      AP  -  556 words
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      1094 13 :*ATci NOTICES STamFORD runes Stamford Tyres Corporation Limited (Company Registration No: *****4416M) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Second Annual General Meeting of the shareholders of the Company will be held on 31 August 2011, Wednesday at 3.00 p.m. at 19 Lok
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      63 14 FREEGOODIEBAG with every September issue purchased at PlayTest@COMEX! Enjoy 30% off subscription gifts. PlayTest@COMEX Learn tips and tricks about gadgets and tech at our exclusive seminars. Date: 1-4 Sep 2011 (Thu-Sun) Venue: Suntec Convention, Level 2 Meeting Rooms 208-209 Log on to www.playtest.sg for details of seminar topics and registration.
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      26 15 www.omy. sg mnit |||||§|A pore BlSl^ AWARDS if jp as A 2 0 11 v 3$ WS IS news.omy.sg m 1.3 X X s V J.
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      34 15 4 21 August 2011 at 8pm SINGAPORE INDOOR STADIUM WIN EXCLUSIVE TICKETS ON 91.3FM TUNE IN TO 91.3FM OR LOG ONTO WWW.RADI0913.COM FOR MORE DETAILS Presented by Midas Promotions www.midaspromotions.com OFFICIAL RADIO STAT ON
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  • EDITORIAL & OPINION
    • Article
      Lock icon Dealing with a tighter labour market
      476 16 EDITORIAL IN keeping with the government’s pledge to put Singaporeans first in all its policies, Prime Minister Lee Hsien Loong announced a further tightening of entry requirements for professional and skilled middle-income foreign workers in his National Day Rally speech on Sunday. He also
      476 words
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      Lock icon Aquino must not waiver in fight against corruption
      786 16  -  THE BOTTOM LINE WILLIAM PESEK JR William Pesek is a Bloomberg View columnist. The opinions expressed are his own THE Philippines can be a scandalmonger’s paradise. At this very moment, editors are pressed to decide which controversy goes on the front page:
      786 words
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      Lock icon Debt deal a threat to US economic growth
      971 16  -  Reducing deficits to raise debt ceiling was the right thing to do but done in the wrong way By MICHAEL MANDELBAUM The writer is professor of American foreign policy at Johns Hopkins School of Advanced International Studies, and the co-author, with Thomas
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      Lock icon Eurozone crisis spreads to the core
      1174 17  -  Greece’s woes should not have been viewed as a special case but as the first manifestation of a general problem By DANIEL GROS The writer is director of the Centre for European Policy Studies in Brussels. This article was sourced from VoxEU.org, a Web
      AP  -  1,174 words
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      Lock icon Rescue by monetary helicopter is dangerous
      889 17  -  By IAN CAMPBELL REUTERS BREAKINGVIEWS THE fear is global recession. The sense is that central banks can’t do much more. But they do have means to respond only with more radical and possibly dangerous moneyprinting policies whose effectiveness is also in question. The nuclear
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  • AVIATION
    • Article, Illustration
      Lock icon US airlines may cut flights amid slow economy
      1053 18 Higher fuel costs, pressure on fares puts the squeeze on; retrenchments likely Bloomberg [DALLAS] US airlines may have to cut back on flying as the slowing economy erodes their ability to boost fares while they struggle with higher costs for jet fuel.
      Bloomberg; BLOOMBERG  -  1,053 words
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      Lock icon Jett8 gets air operator’s certificate, seeks finance
      324 18  -  Started two years ago, cargo carrier aims to expand fleet By VEN SREENIVASAN SINGAPORE’S only privately owned cargo airline, Jett8, has secured an air operator’s certificate, enabling it to continue operating chartered flights for another year. Jett8’s founder and principal shareholder Louis Tan
      FILE PHOTO  -  324 words
    • Article
      Lock icon Russia set to be biggest buyer at own airshow
      564 18 Organisers expect US$10b in deals to be signed Reuters [MOSCOW] Russia will showcase its top-of-the-range fighter jets and newest space shuttles at the MAKS airshow, starting today, and an ambitious programme to upgrade its arms looks set to make Moscow the
      Reuters  -  564 words
    • Article
      Lock icon Delhi airport metro fully functional
      277 18 Bernama [NEW DELHI] New Delhi’s high-speed Airport Express Corridor became fully functional yesterday with the launch of the two non-operational train stations, and the operator allowed free travel to defence personnel and freedom fighters on the occasion of the country’s Independence Day. The Dhaula Kuan
      Bernama  -  277 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      325 18 CRYPTIC CROSSWORD Across 8 Take as read and quietly carry on (7) 10 Dream of one American soldier cutting hair (7) 11 Worried proletariat, lacking professional, with energy to strike in revenge (9) 12 Surgeons do it before cutting vegetation (5) 13 White drops the last two for a record
      325 words
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  • SHIPPING
    • Article
      Lock icon SHIPPING TIMES
      2865 19 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination JIMFLUSH Muscat/Sharjah/Doha *Loads
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      Lock icon Supertanker prices dive 30% as hire rates drop
      492 20 Owners face biggest glut in 29 years while fleet expands faster than demand Bloomberg [LONDON] A supertanker sold for around 30 per cent less than the last comparable deal in April, as hire rates fall to a nine-year low. The 2-million barrel
      Bloomberg; BLOOMBERG  -  492 words
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      Lock icon World’s biggest solar boat docks in Hong Kong
      218 20 [HONG KONG] There is “huge potential” to use alternative energy in the shipping industry, the man behind the world’s biggest solar boat said on Monday as it arrived in Hong Kong as part of a global voyage. PlanetSolar, a 31 by 15-metre
      AP  -  218 words
    • Article
      Lock icon Somali pirates release Iranian bulk carrier
      139 20 AFP [NAIROBI] Somali pirates have released an Irani-an-owned bulk carrier they hijacked 18 months ago, with the payment of a ransom ending one of the longest ship seizures, a maritime monitoring group said yesterday. The Maltese-flagged MV Sinin, which was seized on Feb 12,
      AFP  -  139 words
    • Article
      Lock icon China’s aircraft carrier ends maiden voyage
      383 20 Xinhua AFP [BEIJING] China’s first aircraft carrier has returned to port after completing a “smooth” set of sea trials designed to test its capabilities, the state news agency Xinhua reported yesterday. The 300-metre ship docked in the north-east-ern port of Dalian on Sunday morning
      Xinhua; AFP  -  383 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 20 SGX '000 Aug 15 S$ +/-Vol CH Offshore 0.39 0.01 162 Chuan Hup Hldg 0.23 unch 1530 Cosco Corp 1.13 -0.02 ***** CWT Ltd 1.12 0.06 1106 Ezra Hldgs 0.90 unch 5143 First Ship Lea 0.29 unch 2804 Freight Links 0.06 unch 2905 Grand Banks unch unch 0
      278 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8291 21 Transaction date: Aug 15 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 13.2 8Telecom 13.8 12.3 15.5 7.8 4.4 2.9 66.1 11 4.5 A-Sonic 5.9 +0.2 195 5.9 5.8 5.8 6
      8,291 words
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      Lock icon SGX CATALIST
      1541 22 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 14.5 t 800 Super 15.1 -0.5 621 15.8 15 15.1 15.6 5.2 27 5.5 3.7 t AA Grp 4 2.5 4 19 3.9
      1,541 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9972 22 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.23/ APS Alpha Fund (USD)!** 1.01/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.6/ Aberdeen Asset Mgt Asia Limited American Opp 0.5643/ Asian Credit Fund
      9,972 words
    • Article
      Lock icon GLOBALQUOTE
      227 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A40.5cd 38.5 49.5 3.6 8.6 3.2 105.5 55 27 Genting HK US$ US34 -0.5 ***** 35 34 33.5 34 2238.7 21 10 OGL Resources
      227 words
    • Article
      Lock icon SGX ETF
      915 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 127 108 ABF SG Bond ETF 125 +5 328 127 120 116.5 127 570.6 1207 890 CIMBAsean40 100US$ US1042 +13 13 1045 1040 1020 1054 41.7
      915 words
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      29 21 r w A r^mm ZC INSTRUMENTS FOR PROFESSIONALS 71 PURE LEGEND PURE BREITLING TEL. +65 6732 6347 WWW.BREITLING.COM 7* tr, 5* K» 3 :'V0ms :< i k NAVITIMER SGD 12,790*
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 23 In local curr In S$ In US$ dy yr dy yr dy yr Aug 12 Index Change Change Change Change Change Change World Index Preliminary 808.8 1.5 -9.9 1.6 -12.4 1.5 -7.5 EAFE Preliminary 683.5 2.3 -14.7 2.3 -14.4 2.2 -9.6 Europe Preliminary 997.3 3.6
      374 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 23 CRUDE OIL PRODUCTS Aug 12 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.82 1.24 WTI (Near Mth) 85.71 unch Dubai (1-Mth F) 102.76 1.04 Tapis blend 112.52 1.15 Minas 108.52 1.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.19 0.52 Jet Kerosene 122.50 0.20 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon CHICAGO BOT
      107 23 Aug 12 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 11 1337.00 1333.75 1347.50 1329.00 Sep 11 1327.75 1324.75 1337.00 1319.75 Nov 11 1334.75 1331.75 1343.75 1326.00 Jan 12 1345.75 1342.75 1354.25 1337.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 11 54.60
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      79 23 Aug 15 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 17.11.2011 0.11 0.08 0.08 1-Year BY*****X 02.05.2012 0.14 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.98 104.02 103.97 5-Year N*****0W 1.125 01.04.2016 102.77
      79 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      457 23 Aug 15 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.5975 0 2562 Dec11 99.4900 0 5017 Mar12 99.5450 0 1168 Jun12 99.5850 0 1874 EUROYEN TIBOR FUTURES Sep11 99.6800 0 1283 Dec11 99.6825 0 1478 Mar12 99.6950 99.6950 99.6950 99.6900 0 2083 Jun12 99.6875 0
      457 words
    • Article
      Lock icon SICOM FUTURES
      153 23 Aug 15 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Volume O/I Month High Low Sett (lots) (lots) Sep 11 463.8 463.0 464.5 14 291 Oct 11 464.0 464.0 465.0 13 382 Nov 11 467.2 391 Dec 11 469.0 468.0 469.0 30 503 Jan 12 469.5 60 385
      153 words
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      Lock icon SMX MARKET UPDATE
      85 23 As on 12 Aug 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Cash Oct-11 1765.8 1724.8 1728.5 1754.6 CURRENCY US Dollar-Jap Yen Sep-11 76.55 76.5 76.53 76.75 Euro-US Dollar Cash Sep-11 1.4285
      85 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 23 As at 9am Aug 15 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.3 1.227 Can dollar 1.245 1.198 Euro 1.759 1.692 Sterling pound 2.005 1.928 NZ dollar 1.039 0.99 US dollar 1.224 1.177 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 23 Aug 15 Open High Sett STI Aug 2865 SIMSCI Aug 327.1 332.6 331.3 Taiwan Aug 266.9 274.0 272.4 Source: MF Global (S) Pte Ltd
      27 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2380 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 25 1 150 32 5.32 33 ASJ Hldgs W*****1 0.5 1 4 29 7.00 6 AlliedTech W*****2 1.7 1 4 27 Asia Water Tech Ltd W*****8 0.8 1
      2,380 words
    • Article
      Lock icon INTERBANK RATES
      177 23 Aug 15 $S Offer Bid 0vernight 0.02 0.01 1-month 3/16 1/16 2-months 1/4 1/8 3-months 5/16 3/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.50 0.30 3 months 0.55 0.35 6 months 0.70 0.50 9 months 0.85 0.65 12
      177 words
    • Article
      Lock icon INTERBANK CROSS RATES
      462 23 Aug 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.030 6.658 0.728 8.120 47.071 88.956 0.801 11.240 3.102 1.244 90.237 44.189 1.257 7.446 0.828 30.152 31.142 0.639 1.042 Canada 0.971 6.465
      462 words
    • Article
      Lock icon SIBOR
      85 23 Aug 15 (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$) 1 mth -0.***** 2 mths -0.***** 3 mths -0.***** 6 mths -0.***** 9 mths -0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 23 Aug 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2570 1.2576 1.0416 1.0418 Canadian dollar 1.2206 1.2213 1.0114 1.0117 Euro 1.7268 1.7274 1.4309 1.4310 NZ dollar 1.0101 1.0109 0.8370 0.8375 Sterling pound 1.9661 1.9668 1.6292 1.6294
      154 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 23 Aug 15 S$ Bid Offer 1-month 1.2064 1.2070 2-months 1.2061 1.2068 3-months 1.2058 1.2066 6-months 1.2038 1.2051 Source: OCBC
      22 words
    • Article
      Lock icon PRECIOUS METALS
      137 23 Aug 15 GOLD (US$/oz) Aug 12 Aug 15 Hong Kong 1762.00 1743.60 Aug 11 Aug 12 London 1753.64 1729.09 1755.06 1730.31 Source: Thomson Reuters CAST BAR Aug 15 (S$) Selling Buying Kilobar 72,773.91 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 163 68 5gm 463 340 10gm 827
      137 words
    • Article
      Lock icon LONDON METALS
      71 23 Aug 12 Aug 12 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2364.90 2379.80 3 months 2400.00 2413.00 Copper, Grade A (US$/tonne) Cash 8845.25 8859.50 3 months 8865.00 8881.00 Lead (US$/tonne) Cash 2378.25 2383.75 3 months 2380.00 2385.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • Article
      Lock icon PALM OIL
      61 23 Aug 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 11 3110 1554 Sep 11 3133 3148 3161 3100 1043 ***** Oct 11 3035 3070 3083 3032 9786 ***** Nov 11 3000 3036 3047 3000 5864 *****
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    • Article
      Lock icon LIFFE
      82 23 Aug 12 COCOA (£/tonne) Close Prev High/Low Sep 11 1838 1834 1850/1833 Dec 11 1852 1847 1864/1842 Mar 12 1872 1868 1884/1866 May 12 1882 1881 1891/1874 COFFEE (US$/tonne) Close Pev High/Low Sep 11 2248 2190 2284/2203 Nov 11 2280 2220 2313/2232 Jan 12 2292 2237 2325/2259 Mar 12
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  • SME Inc
    • Article, Illustration
      Lock icon Expanding through ships’ sewers
      1021 24  -  S’pore-based Marunda Utama Engineering is moving into the slimy business of sewage-cleaning, reports STEPHANIE RIADY reports STEPHANIE RIADY SEWAGE cleaning is rarely, if ever at all, a woman’s first job priority. Yet, Rachel Wong, managing director of Marunda Utama Engineering, believes that her firm must precisely
      ARTHUR LEE  -  1,021 words
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      Lock icon Business in the Bag
      773 24  -  Inspired while on holiday in California, Grace Ang now helps bag lovers keep their beloved totes clean, reports ENYA LIM reports ENYA LIM FOR Grace Ang, founder and CEO of bag cleaning specialist Bag to Basics, business emerged from the personal experience and frustration of trying
      ARTHUR LEE  -  773 words
    • Article
      Lock icon Getting the right business adviser
      650 25  -  COMMENTARY By ANTHONY MORDECH The writer is proadviser programme manager at Intuit SETTING up a new business can be rewarding especially after you get it up-and-running. However, many small business owners quickly get tied up in operational day-to-day matters, leaving them with less time to
      650 words
    • Article
      Lock icon Small caps likely to recover with sustained recovery
      451 25  -  By TEH HOOI LING THE rebound in the last three sessions didn’t quite make up for the losses chalked up earlier last week. Our small cap portfolio slid 2 per cent, slightly better than the 3 per cent slump suffered by the
      451 words
    • Article
      Lock icon Closing down a private limited company
      556 25 ASK NUS PROFS Q: I would like to know the procedure for closing down a private limited company. We have one holding company and two subsidiary companies. The holding company is a dormant company and we want to wind up this company. In this
      556 words
    • Article, Illustration
      Lock icon The advantages of hunting in a pack
      746 25  -  By JASLENE JASLENE PANG WITH bigger Singapore companies acting as anchors for the fleet of firms wanting to explore China, SMEs can now go onboard the multitude of platform projects and set sail for the lucrative Chinese market together. China has been the
      YEN MENG JIIN  -  746 words
    • Article, Illustration
      Lock icon Riding on the success of Eagle brand
      911 26  -  Medicated oil maker Borden’s vision to be a globally recognised pharmaceutical brand looks set to materialise in coming years By CHEN YUHONG, NG LI QIN, TAY SIANG BOON ANDY The writers are students of NUS Business School MOST people will be overwhelmed by
      ARTHUR LEE  -  911 words
    • Article, Illustration
      Lock icon Moving air is the name of the game
      925 26  -  And Azen Manufacturing plays it splendidly, giving customers great value with excellent innovation By LEONARD LAW YU CHENG, DAELUS LU JIAJI, APPLE YE QING The writers are students of NUS Business School AT AZEN Manufacturing, customers with complex problems can be assured
      ARTHUR LEE  -  925 words
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  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      66 26 Celebrating Singapore´s Enterprising Spirit 2011 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. Borden Company and Azen Manufacturing were among the E50 winners in 2010. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by
      66 words
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  • PROPERTY
    • Article, Illustration
      Lock icon UK house prices fall on financial turmoil
      693 27 Asking prices in the capital dropped 3.4% from previous month: report Bloomberg [LONDON] London home sellers lowered asking prices by the most in a year in August as demand in Britain’s most expensive property market was hit by turmoil in financial markets, Rightmove
      Bloomberg; BLOOMBERG  -  693 words
    • Article
      Lock icon Office property buyers focus on US coastal cities
      729 27 Bloomberg [CHICAGO] Commer-cial-property buyers may shift their focus back to big coastal cities in the US as persistent economic weakness and Europe’s sover-eign-debt crisis prompt a retreat to the safest investments. Investors have been moving into secondary markets such as Dallas and
      Bloomberg  -  729 words
    • Article, Illustration
      Lock icon HK apartment sellers cut asking prices
      1450 28 HK home values are set for their biggest decline since the 2008 financial crisis Bloomberg [HONG KONG] Derek Ma and his family in May sold two of their eight properties in Hong Kong, doubling their money in four years. They’re struggling to sell the
      Bloomberg; BLOOMBERG  -  1,450 words
  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      260 27 STUARTCHNG6100-8858CEA Reg. R*****5Z LicNo:L*****87F CEA Reg. R*****5Z OEI TIONG HAM *****sqft. Beautiful, privacy SWISS CLUB *****sqft. Good buy, serene surroundings THIRD AVE *****sqft. Urgent VICTORIA PARK *****sqft. 2 bungalows. Urgent WINDSOR *****sqft. Priced to sell, beautiful, move-in cond YARWOOD *****sqft. Sub-divide PRIME BUY BINJAI ***** *****sqft. Best buy, rebuild, modern
      260 words
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      Lock icon Page 27 Advertisements Column 2
      231 27 Onfy^ocJa" stunnlnn font 8095 Vn. ROOFTOP POOL SATS Check this out and many other properties in CATS Classified in The Straits Times now! BUY IT• SELL IT- FIND IT :>■ 4 -V :*v- -->• 2*% 1 mm m "H- Pisa Family sells property in Chianti (Tuscany), one of the most
      231 words
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      100 28 o 3 CD a> W id ID CD p ID 3 3 CD flj O cr. < ID CD (A CFDs allow you to take advantage of falling or rising prices. Trade on shares, commodities, indices, forex and more. Singapore's No.1 for CFD Customer Satisfaction.* Find all you need to
      100 words