The Business Times, 19 November 2009

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL30312
Total Pages: 38
1 38 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, November 19,2009
    23 words
  • Article, Illustration
    Lock icon M'sian property major sharpens S'pore thrust
    588 1  -  UMA SHANKARI Starhill Global acquiring $571 m of assets in big YTL revamp By [SINGAPORE] YTL Corp, Malaysia's biggest property group, is restructuring its RMB billion (553.3 billion) property trust and hotel portfolio, which includes the Singapore-listed trust Starhill Global Reit. Starhill Global Reit,
    588 words
  • Article, Illustration
    Lock icon China wants balanced trade, stays silent on yuan
    774 1 Reuters Obama wins some and loses some as he wraps up historic China visit [BEIJING] Chinese Premier Wen Jiabao told President Barack Obama his nation does not seek a trade surplus with the United States and wants to balance flows, striking a
    – Reuters; XINHUA  -  774 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      81 1 IS$ (S$ per US$) 1.386 (USS/SS per 1.680 2.328 ;URO (US$/S$/E) 1.489 2.064 Foreign currency per US$ S$ 'EN 89.20 64.30 3.371 2.432 IK$ 7.750 5.593 !AHT 33.19 23.95 lUPIAH 9,398 6,782 lENMINBI 6.827 4.927 INDIAN RUPEE 46.28 33.40 1.075 0.776 1COMP 1,275.10 -4.85 IIKKEI225 9,676.80 -53.13 1ANG SENG
      81 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 15.758 TAIWAN 4.696 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.53 INDIA 11.75 Source:
      Bloomberg  -  29 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon Commodities space grows, with new hires to fill it
      765 2  -  OH BOON PING Pick-up in hiring started late last year; huge demand for physical traders By [SINGAPORE] Despite the fragile economic environment, there has been a spurt in hiring activity in the commodity space, as banks and energy companies eye a
      REUTERS  -  765 words
    • Article
      Lock icon CIMB seeks to set up private real estate funds here
      371 2  -  UMA SHANKARI Forms JV with Spore firm to invest in Aussie property By [SINGAPORE] The real estate division of Malaysia's CIMB Group is looking to set up private real estate funds in Singapore to invest in Australian property. CIMB has
      371 words
    • Article, Illustration
      Lock icon Construction of new homes down 10.6% in Oct
      675 2 -AP, Bloomberg, Reuters LATEST US DATA [WASHINGTON] Construction of new homes unexpectedly plunged in the United States last month, as builders waited to see whether lawmakers would extend a tax credit for homebuyers. The results underscore how much the housing market has
      -AP,; Bloomberg,; Reuters; AFP  -  675 words
    • Article
      Lock icon Lanxess shifts global butyl HQ to Singapore
      579 2  -  RONNIE LIM Move follows shift of Asian marketing HQ to Republic By [SINGAPORE] Germany's Lanxess is relocating its global headquarters for butyl rubber from Switzerland to Singapore ahead of its plan to start building a 400 million euro (SsB2B million) synthetic rubber plant
      579 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon YTL Corp sharpens S'pore thrust
        73 2 YTL CORP, Malaysia's biggest property group, is restructuring its RMB billion (553.3 billion) property trust and hotel portfolio, which includes the Singapore-listed trust Starhill Global Reit. Starhill Global Reit, which will focus on retail, will buy two malls in Kuala Lumpur from YTL's Malaysia-listed trust
        73 words
      • Article
        Lock icon China wants balanced trade
        65 2 CHINESE Premier Wen Jiabao told President Barack Obama his nation does not seek a trade surplus with the United States and wants to balance flows, striking a conciliatory note but avoiding public comment on currency rifts. "China does not pursue a trade surplus," Mr Wen said,
        65 words
      • Article
        Lock icon Hiring spurt as commodity space grows
        61 2 DESPITE the fragile economic environment, there has been a spurt in hiring activity in the commodity space, as banks and energy companies eye a slice of the fast-growing market. Ananth Doraswamy, Citi's regional head of commodities said the bank aims to be a "top-tier
        61 words
      • Article
        Lock icon Slower growth for commodities: Roach
        68 2 WELL-KNOWN bear Stephen Roach believes commodity markets could be poised for slower growth as global economic expansion drops to around 2.5 per cent a year going forward. But still, the Morgan Stanley economist is bullish on China's economic prospects and reckons the East Asian giant
        68 words
      • Article
        Lock icon Ml-Reit manager hits out at CIT plan
        37 2 THE battle for control of MacArthurCook Industrial Reit continued yesterday with MI-Reit's manager Nicholas McGrath slamming a rival proposal from Cambridge Industrial Trust as "entirely ingenuous". COMPANY NEWS, PAGE 4
        37 words
      • Article
        Lock icon China business visitors could be boon
        74 2 THE local tourism industry could get a lift from Chinese travellers who mix business with leisure, a survey suggests. According to research firm TNS, less than 10 per cent of Chinese travellers take purely business trips, while 60 per cent combine business and leisure
        74 words
      • Article
        Lock icon Laguna Park en bloc sale called off
        77 2 THE en bloc sale of Laguna Park has been called off for now as the sales committee found it a race against time to get the minimum consent level from owners at a proposed lower price said to be $967 million or $704
        77 words
    • Article, Illustration
      Lock icon Stephen Roach on China and commodities
      384 3  -  OH BOON PING Top economist upbeat on China and thinks commodities could come under some pressure By [SINGAPORE] Well-known bear Stephen Roach believes commodity markets could be poised for slower growth as global economic expansion drops to around 2.5 per cent a year going
      384 words
    • Article
      Lock icon GIC buys 5.4% stake in China gaming firm
      358 3 Reuters Shanda Games' Sept IPO in US first to top US$l b in 17 months [SINGAPORE] GIC, Singapore's biggest sovereign wealth fund, has bought a 5.4 per cent stake in Chinese videogames company Shanda Games, its second recent investment in a newly
      Reuters  -  358 words
    • Article
      Lock icon Goldman buys goodwill with US$500m and an apology
      768 3 NYT [NEW YORK] How much goodwill can an apology and half a billion dollars buy? A lot, Goldman Sachs is hoping. After first staunchly defending its outsized profits and pay, and then bristling at calls for restraint in these tough economic times,
      NYT  -  768 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      39 3 ii li "'.'^L 'Js*hP it, i j Wallet in Epsom calfskin Km h'm mm «i- «^m> mmmm sJLm mL» «J»i a*&— »>W «><«hw Jt H■, i CHRISTMAS AT LAST! Liat Towers Tel. 6738 9807 Takashimaya Tel. 6735 5228 Hermes.com
      39 words
Page thumbnail Page 4
  • COMPANY NEWS
    • Article
      Lock icon SingTel to conduct 4G trials in S'pore, region
      405 4  -  ONG BOON KIAT By SINGAPORE Telecom and its partners will begin a trial in the first half of next year to test a 4G mobile technology that can wirelessly deliver broadband content to and from mobile devices much faster than what is
      405 words
    • Article
      Lock icon MI-Reit manager hits out at rival CIT's proposal
      557 4  -  CHEWXIANG Subordinated loan likely more pricey than MI-Reit's cost of equity By THE battle for control of MacArthurCook Industrial Reit (MI-Reit) continued yesterday with MI-Reit's manager Nicholas McGrath slamming a rival proposal from Cambridge Industrial Trust (CIT) as "entirely ingenuous". MI-Reit is
      557 words
    • Article, Illustration
      Lock icon SingTel officially rejects StarHub offer
      587 4  -  FELDA CHAY By IT looks like the ugly spat between Sing Tel and Star Hub over whose hardware to use may have come to an end, with Singapore's No 1 telco officially rejecting Star Hub's offer to host its pay-TV content after it received a
      FILE PHOTO  -  587 words
    • Article
      Lock icon PICTET FUNDS
      350 4 >F (LUX) Abs. Ret Gb Conservatta-P cap >F (LU)Q Abs. Ret Gb Dlversffled-P cap ■F (LUX) -Asian Equities (EttJapanH> cap 'F (LUX) -Asian Local Currency Debt-P cap ■F (LUX) Biotech-P cap >F (LUX) CHF Uqiidity-P cap >F (LUX) Clean Energy-P cap ■F (LUX) Digital Communication-P cap 'F (LUX)-Eastern
      350 words
    • Article
      Lock icon How SATS can still rule the roost
      847 4  -  YEN SREENIVASAN THE announcement by Changi Airport Group (CAG) that it was inviting tenders for the third ground services provider at Changi Airport must have come as a surprise to the folks at Singapore Airport Terminal Services (SATS). After all, it comes barely
      847 words
    • Article
      Lock icon Sino-Environment exec directors hit back at IDs
      502 5  -  LYNETTE KHOO They defend sacking of financial controller and refuse to step down By IN what may be the start of a war of words, executive directors (EDs) at Sino-Envi-ronment Technology Group have hit back at the company's independent directors (IDs), hurling accusations
      502 words
    • Article
      Lock icon SembMarine awards job for new shipyard
      251 5  -  NISHA RAMCHANDANI By SEMBCORP Marine has awarded a construction contract worth $443.25 million for phase one of its new shipyard to Zhen Hua (S) Engineering Pte Ltd. The contract is for the design and construction of four very-large crude carrier (VLCC) drydocks, wharves, quays,
      251 words
    • Article
      Lock icon Hong Leong may sell its stake in Xinfei: source
      231 5 Reuters [HONG KONG] Hong Leong Group, owned by Singapore billionaire Kwek Leng Beng, may sell its 90 per cent stake in Xinfei, China's No 3 refrigerator maker by market share, in a deal that could fetch more than US$7OO million, a
      – Reuters  -  231 words
    • Article, Illustration
      Lock icon The pull of Capita Malls Asia
      133 5  -  ARTHUR LEE By THE public response to Capita Land's initial public offering of Capita Malls Asia an integrated shopping mall owner, developer and manager at $2.12 per share is good if the demand for its prospectus is anything to go by. On the first
      ARTHUR LEE  -  133 words
    • Article
      Lock icon OCBC bonds priced too tightly: report
      372 6  -  CHEW XIANG IFR Asia points to widening spread in secondary trading a day after pricing By OCBC Bank has been criticised for pricing its recent issue of US$5OO million lower Tier 2 bonds too tightly, according to a report. "Although we like the credit,
      372 words
    • COMPANY BRIEFS
      • Article
        Lock icon Ying Li completes $154m placement
        82 6 YING Li International Real Estate announced yesterday that it has successfully completed a placement of 253.2 million new shares at 61 cents each to raise about $154 million. The issue price represented a discount of about 15.5 per cent to the volume weighted average price
        82 words
      • Article
        Lock icon BreadTalk unit in bond subscription
        77 6 BREADTALK Group said wholly owned Imagine Properties Pte Ltd has agreed with Perennial (Singapore) Retail Management, the manager of Perennial Katong Retail Trust, and PRE 1 Investments to subscribe for $10 million in junior bonds to be issued by PRE 1 and the attached 40
        77 words
      • Article
        Lock icon Technics Oil and Gas Q4 profit up 27%
        39 6 TECHNICS Oil and Gas said net profit for the fourth quarter to end September 2009 rose 27 per cent to $1.61 million. Revenue was up 28 per cent at $33.16 million..
        39 words
    • Article, Illustration
      Lock icon GuocoLand sells office block for 1b yuan
      389 6  -  KALPANA RASHIWALA Buyer of Shanghai development is area's district govt By ing developed under the first phase of the Guoson Centre Changfeng, which is being built on a 50-year leasehold site that the group picked up in 2005 for 1.4 billion yuan. Besides
      389 words
    • Article
      Lock icon Morgan sees 20-25% upside for Asia
      351 6  -  JAMIE LEE MARKET VIEWS By MARKETS in Asia excluding Japan could see a further jump of as much as 25 per cent by the end of next year, a senior executive from Morgan Stanley said. China, as well as India and Indonesia, will continue
      351 words
    • Article
      Lock icon S'pore banks set to benefit from new rules
      448 6  -  SIOW LI SEN By THE well-capitalised Singapore banks will benefit when tougher regulatory requirements are imposed and this will give them a significant edge in acquisition opportunities in the region, said a Nomura report. "Singapore banks are positioned well, giving them a
      448 words
  • Page 4 Advertisements
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      443 5 This announcement appears as a matter of record only. This document is for general information purposes only and is not an offer to sell or a solicitation of an offer to buy any product. Past performance is not indicative of future returns. V VCll LL/I I International Group Transactions Completed
      443 words
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      456 6 SOUND GALLERY harman kardon At the newly extended 6,000 square feet JBL Sound Gallery, we seek to be the one-stop shop for all your audio visual needs. Our philosophy and guarantee to you:- Outstanding customer service. Knowledgeable sales consultant with passion tor home entertainment. Ability to work with interior designers,
      456 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      160 7 The signs of change are everywhere at Holiday Inn Singapore Orchard City Centre. .m.•■ an TTTII 11T11 IJr I II I'l jb^& A new name. A new look. A new identity. Don't worry, we're still the same friendly faces you've come to know and love. We've just reinvented ourselves to
      160 words
Page thumbnail Page 8
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI falls 20 points in listless market
      566 8  -  JAMIE LEE STOCKS Profit-taking in bank stocks and Capita Land; Ying Li slides in heavy volume after $154 million share placement THE Straits Times Index yielded to anaemia yesterday as it slipped for the second straight session. Investors took profit on some blue
      Source: Bloomberg  -  566 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      98 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 3 9 4 0 0 0 3 9 4 lanufacturing 37 71 65 11 41 82 73 Commerce 13 17 27 15 21 31 "pt/Stor/Comms 17 12 17 14 ■inance 10 16 10 16 instruction 14
      98 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      107 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 21,604 21,604 72,256 72,256 lanufacturing 334,844 16,960 351,804 215,726 1,222 216,948 lommerce 85,623 15,505 101,128 104,183 3,911 108,094 'pt/Stor/Comms 78,315 1,560 79,875 114,138 332 114,470 :i nance 23,919 23,919 176,543 176,543 lonstruction 31,273 1,124 32,397 7,246 50 7,296 'roperties
      107 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      101 8 lapitaLand 4.100 -0.030 Noble Grp 2.780 +0.020 lapitaMall 1.660 -0.020 OCBCBk 8.360 -0.090 jtyDev 10.200 -0.160 Olam 2.640 -0.020 lomfortDelGrc 1.530 SGX 8.110 -0.030 losco Corp 1.110 -0.020 SIA 14.140 +0.020 IBS Grp 14.580 -0.120 SIAEngg 2.860 -0.010 :&N 3.960 +0.010 SMP.T 1.740 -0.010 ienting SP
      101 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      950 8  -  JOYCE HOOI Singapore Banking DBS GROUP RESEARCH, Nov 18 WE EXPECT Singapore banks' strong earnings momentum to continue in this recovery phase. 9M 2009 pre-provision profits have exceeded 9M 2007 historical highs. Build up of non-interest income would be crucial ammunition for operation profits, given that net interest
      950 words
    • Article, Illustration
      Lock icon Euro eases against US$ on tame US data
      541 8 Reuters CURRENCIES [NEW YORK] The euro pared some gains against the US dollar yesterday after data showed tame underlying US inflation and a decline in housing starts last month, suggesting a US recovery will be a slow one. Sluggish US growth could
      – Reuters; AFP  -  541 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      60 8 Mov 18 VALUE CLOSE IT OB/OS -4.00-204.0C IT CADI -*****.00 -97.0' IT 10-day MA -*****.00 TSE ST Mid Cap 636.66 -1.3' TSE ST Small Cap 517.62 -1.2. TSE ST All Share 673.07 -4.1 TSE ST China Top 265.11 -1.1 TSE ST China 286.39 -3.9: TSE ST Catalist
      60 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 8 VOLUME Yinq Li 393,454,000 Gentinq SP 62,576,000 Compact 47,705,000 Golden Agri 38,798,000 Yanqzijianq 25,599,000 Capita Land 22,726,000 Centillion 20,820,000 Noble Grp 17,235,000 China Honqxinq 16,696,000 MacCooklßElT 15,423,000 VALUE(S) Yinq Li 242,304,730 Capita Land 93,345,030 Gentinq SP 69,420,480 DBS Grp 60,903,940 Noble Grp 48,246,163 UOB 44,158,272 OCBC Bk
      60 words
    • Article
      Lock icon RISES
      108 8 CLOSE UP LD 10US$ ***** 188.4 1.2 ISH 1814 110.8 4.' US DJIA 10US$ 1052 87.3 6, IMH 3050 72.0 1. iBXT FTVietnam 10US$ 5331 40.2 0. iTXPO 100 1472 28.0 1. iBS Bk6% NCPS 10 ***** 24.0 0., MS India 10US$ 1500 23.6 1.1 )CC 5.1% NCPS 100
      108 words
    • Article
      Lock icon FALLS
      114 8 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE DOWN ***** -79.0 -0.5 iBXT Ni 10US! IOB 1938 -28.0 -1.. China H 10US$ 1770 -27.7 -1.1 iBXT S&P Short 10US! 5479 -23.6 -o.: At 1020 -16.0 -1.! IK Land 470 -15.2 -2.: iLand 1 296
      114 words
    • Article
      Lock icon CURRENCIES
      83 8 Where S! stands Nov18 %CHNG CLOSE FRNOV17 YR2009 S$ LOW S$ HIGH uss 1.3833 0.02 1.5579 1.3833® Euro 2.0678 0.17 2.0952 1.9150 Pounds 2.3267 0.26 2.4366 2.0356 AS 1.2902 0.08 1.2942 0.9453 Yen* 1.5526 0.31 1.7278 1.4831 Rupiah* 0.***** 0.67 0.***** 0.***** Baht* 4.1722 0.01 4.3390 4.1040 Peso* 2.9577
      83 words
Page thumbnail Page 9
  • SINGAPORE NEWS
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Police chief leaving for Senior Dy Sec post
        84 9 THE Ministry of Home Affairs (MHA) said yesterday that it has appointed Commissioner of Police Khoo Boon Hui as Senior Deputy Secretary. Mr Khoo will take up his new role on Feb 1 next year, and will continue to serve as president
        84 words
      • Article
        Lock icon S'pore, Switzerland sign tax agreement
        79 9 SINGAPORE and Switzerland have signed an agreement to avoid double taxation, the Ministry of Finance said yesterday. Signed in New York by both countries' permanent representatives to the United Nations, the agreement will help to boost bilateral trade and investment. Among other things, it provides
        79 words
      • Article
        Lock icon KhattarWong in deal with Abu Dhabi firm
        40 9 LAW firm KhattarWong has signed a cooperation agreement with an Abu Dhabi law firm, City Legal Consultancy, to allow both firms to develop their respective practices in the Middle Eastern and Asia-Pacific regions.
        40 words
    • Article, Illustration
      Lock icon Bosses of International SOS. Straits Asia win
      389 9 Vaissie to represent Spore at the World Entrepreneur of the Year in Monaco Reports by TEH SHI NING ARNAUD Vaissie, chairman and CEO of International SOS, was named Ernst Young Entrepreneur Of The Year 2009 Singapore last night. Besides the top honour, Mr
      LAU FOOK KONG/THE STRAITS TIMES  -  389 words
    • Article
      Lock icon Property tax rebate for HDB owner-occupiers
      374 9 Set at 50% of tax payable, it is capped at $120; zero tax for one and 2-room HDB owners THE government will grant a new property tax rebate to all HDB owner-occupiers next year to help them adjust to the increase in annual values
      374 words
    • Article
      Lock icon Report maps path to being accountancy hub
      301 9 THE Committee to Develop the Accountancy Sector (CDAS) yesterday released a report on its proposed vision and recommendations for public consultation. Sharing some of the report's ideas at the Ernst Young Entrepreneur of the Year gala dinner last night, Minister Lim Hwee Hua
      301 words
    • Article
      Lock icon Solar energy firms here 'face challenges'
      517 10  -  JOYCE HOOI Seris says it needs tech innovations to make it competitive without subsidies By SOLAR energy may be deemed the most promising renewable energy in Singapore, but a lack of subsidies has kept costs high, made building owners wary and created challenges for
      517 words
    • Article, Illustration
      Lock icon Mixing business & pleasure is the way to go
      346 10  - Mixing business pleasure is the way to go NISHA RAMCHANDANI By THE local tourism industry could get a lift from Chinese travellers who mix business with leisure, a survey suggests. According to research firm TNS, less than 10 per cent of Chinese travellers take purely business trips, while 60 per
      FILE PHOTO  -  346 words
    • Article
      Lock icon PM Lee calls for closer ties with Finland
      222 10 He also moots R&D as an area for bilateral collaboration FINNISH businesses can use Singapore as a springboard to Asia, Prime Minister Lee Hsien Loong said yesterday at an official lunch with Finland's Prime Minister Matti Vanhanen. "Finnish companies can also leverage
      222 words
    • Article
      Lock icon COE premiums stay largely flat
      280 10 COE premiums except for motorcycles settled around $17,000-$lB,OOO as distributors prepare for the quieter year-end period. A certificate of entitlement in Category A, for cars below 1,600 cc, climbed $442 to $17,189, while Cat B, for cars above 1,600 cc, fell $387 to $18,002. Cat
      280 words
    • Article
      Lock icon Argentinian region for expanded trade ties with S'pore
      187 10 THE central region of Argentina demonstrated it is keen to expand trade ties with Singapore through a 17-member delegation that was in town over the last two days to meet local businesses and the Ministry of Trade and Industry officials. The delegation,
      187 words
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      18 9 k=LAYi Always ploy with care. Towards Community W r—P^"n Do not bet illegally. Furpose and Benefit ■^■J RCBRegNo:I96BOO2O2G
      18 words
    • Advertisement
      Lock icon Page 9 Advertisements Column 2
      89 9 rang mahal A LEGACY OF FINE DINING SINCE 1971 In celebration of our achievements, Rang Mahal will donate today's Food Beverage sales to the Children's Cancer Foundation. Winner of Singapore Prestige Brand Award 2009 Heritage Brands ASME-LianHe Zaobao A tribute to Rang Mahal's /^"V^^-^ exceptional brand practices f m\C/~* >\
      89 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      113 10 MMmmM #<X aA 6s^ mm MM MM YiJTTTffTu I f 111 HaL^MfL^<^m U'iXY' N. 1 FOHTHEFIRST I ■W \Y TIME AT: manna toy Friday, 20 November 2009 spm The Float Marina Bay Guest-of-Honour: Dr Vivian Balakrishnan, Minister for Community Development, Youth Sports Legend iffii! f!HTff k 0$ HMMHjPPIVHMRIKiMIRMMIIHH^^ drfc-ion for
      113 words
    • Advertisement
      Lock icon Page 10 Advertisements Column 2
      1193 10 IN THE MATTER OF THE IN THE MATTER OF THE IN THE MATTER OF THE THE COMPANIESACT^AP 50 [OMPANIESACTCAP.SO COMPANIES ACT CAP. 50 COMPANIES ACT CAP. 50 AND IN THE mlher OF AND ANU AND HUNG FU SHIPPING (SINGAPORE! INTHEMAnEROF IN THE MATTER OF IN THE AAAnER OF amnwßMsiNtoAKjiui ASIA
      1,193 words
Page thumbnail Page 11
  • SINGAPORE INTERNATIONAL
    • Article
      Lock icon Local fashion retailers go global
      761 11 IE Singapore is egging fashion players to explore markets not only in the region but further afield as well, reports CHUANG PECK MING THE Philippines is usually not on the hit list of businesses scouring the world looking for markets to sell or invest in.
      761 words
    • Article, Illustration
      Lock icon lora looks to branch out even further
      721 11  -  CHUANG PECK MING By SIX years ago, a Filipino stepped into a tiny retail shop called lora Fashion in People's Park Complex, Chinatown. She fell in love with the clothes the shop was selling. In fact, she loved them so much she wanted
      721 words
    • Article, Illustration
      Lock icon Trade missions pay off for SL Global
      604 11 TRADE missions are not eating, drinking and sightseeing trips, says Mark Lee, CEO of SL Global, contract manufacturer for fashion brands like Gap Banana Republic and Burberry. "If people think this, they are definitely mistaken," he says. "The pace of these trips is
      604 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      184 11 M I IE Awareness Seminar gj± Your Overseas Business with IE Singapore JM We all need a little help to look for potential business opportunities overseas. Key Highlights: fir p\ International Enterprise Singapore as such has introduced several enhanced Tapping on Tax Incentive Schemes M L schemes to help companies
      184 words
Page thumbnail Page 12
  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Yuan rise may pull down US$ vs emerging market currencies
      710 12 Reuters It could also snap euro's 8-month rally against the greenback [LONDON] When China finally heeds the global chorus and loosens its grip on its currency, yuan appreciation could prompt a rare divergence that pushes the US dollar further down
      – Reuters; REUTERS  -  710 words
    • Article, Illustration
      Lock icon Banana wars expected to end soon
      304 12 Reuters [LONDON] An end to the world's longest-running trade dispute, involving bananas, is in sight and could lead to lower prices for shoppers, according to a draft settlement seen by The Financial Times. A proposed deal with European and Latin American trade officials calls
      Reuters  -  304 words
    • Article
      Lock icon Unemployment hits young US workers
      584 12 -NYT Decline in short-term jobless rate signals end of recession [NEW YORK] The rise in unemployment that has occurred in the current recession has been hardest on young workers, while having a smaller effect on older workers than previous downturns. Women have been more likely
      -NYT  -  584 words
    • Article
      Lock icon Russian central bank may be forced to accept stronger ruble
      501 12 Bloomberg [MOSCOW] Russia's central bank may have to accept a stronger ruble next year as rising commodity prices overcome policy makers' attempts to counter the gains and as consumer demand plays a bigger role in the bank's decisions. The authorities
      Bloomberg  -  501 words
    • Article
      Lock icon Fed banks on paying interest on reserves
      497 12 Reuters This marks a twist in its response to the financial crisis [WASHINGTON] The US Federal Reserve may rely principally on the largely untested monetary policy tool of paying interest on bank reserves when the time eventually comes to raise borrowing costs. The
      Reuters  -  497 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      185 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JIMBO FINANCE PTE. LTD. Company Registration No. *****6281K (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap.so that the final meeting of members of
      185 words
Page thumbnail Page 13
  • MALAYSIA 13
    • Article, Illustration
      Lock icon WB warns KL against early fiscal exit
      537 13  -  S JAYASANKARAN But it adds that extending support could hamper consolidation By in Kuala Lumpur THE World Bank straddled the fence on Malaysia yesterday, warning that while the country should not exit fiscal spending too early, it should not extend it too long
      BLOOMBERG FILE PHOTO  -  537 words
    • Article
      Lock icon M'sia's Q3 growth seen down 2%
      266 13 -Reuters [KUALA LUMPUR] Malaysia's economic slide looks set to have bottomed out in the third quarter with economists saying gross domestic product probably contracted 2 per cent from a year ago, a Reuters poll showed. Malaysia, Asia's third-most trade-dependent country, is still feeling the
      -Reuters  -  266 words
    • Article
      Lock icon Medical tourism: 'XL must stop brain drain'
      627 13  -  PAULINE NG By in Kuala Lumpur IN order to expand medical tourism in Malaysia, "irritants" impeding its growth must be removed and concrete measures taken to stem the brain drain of highly skilled doctors, a senior minister has acknowledged. The establishment of the
      627 words
  • Page 13 Advertisements
Page thumbnail Page 14
  • GREATER CHINA
    • Article
      Lock icon Decision on yuan complicated: PBOC official
      777 14 Reuters Central bank governor is just one member of the State Council, which decides on currency policy [HONG KONG] China's decision on whether to resume appreciation of the yuan is complicated as it will be made by the State Council, a member of the
      – Reuters  -  777 words
    • Article
      Lock icon Taiwan plans to admit China varsity students
      271 14 -AFP [TAIPEI] Taiwanese universities plan to admit Chinese students for the first time next year, an official said yesterday, as warming ties break down yet another barrier separating the former rivals. Chinese students from 41 of the mainland's universities recognised by Taiwanese authorities
      -AFP  -  271 words
    • Article
      Lock icon Chinatrust to fork out USs66om for Nan Shan stake
      554 14 Bloomberg [HONG KONG] Chinatrust Financial Holding Co plans to pay US$66O million for a 30 per cent stake in Nan Shan Life Insurance Co after losing its bid to buy the business from American International Group Inc (AIG). Chinatrust, Taiwan's third-biggest
      Bloomberg  -  554 words
    • Article, Illustration
      Lock icon China's pension fund to invest in Agricultural Bank
      346 14 Reuters [BEIJING] Agricultural Bank of China (Agßank), the only big state lender yet to float shares, plans to bring the national pension fund in as an investor ahead of its long-awaited listing, an executive of the bank said yesterday. Agßank hopes to
      Reuters; BLOOMBERG  -  346 words
    • Article
      Lock icon Olympic decision spurs China's golf development
      474 14 Reuters [BEIJING] China has already begun to throw the considerable weight of its state-run sports system behind the game of golf after it won a place at the 2016 Olympics last month. With the Soviet-inspired system almost single-mind-edly dedicated to Olympic success, the Copenhagen
      – Reuters  -  474 words
    • Article
      Lock icon New stock accounts advance on rally, yuan
      280 14 Bloomberg [BEIJING] Investors opened more accounts to trade foreign and local-currency shares in China as benchmark indexes extended a rally and regulators relaxed restrictions on buying US dollars. New brokerage accounts for US dollar-denominated B shares jumped 68 per cent to 1,366 in
      – Bloomberg  -  280 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      35 14 tahlat THE HEARTBEAT OF THE INDIAN COMMUNITY SWEET AND SEXY Shahid Kapoor is proving that he has the acting chops to back up his pretty boy looks m V SINGAPOREAN /^^U INDIAN'S *4L~J EVEREST DREAM
      35 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 2
      19 14 Lianhe Zaobao I Over I local foreign I businessmen drawn to five jewellery paries in Yunnan's Ruili 175£58 MPftSSCSa
      19 words
Page thumbnail Page 15
  • INDIA
    • Article, Illustration
      Lock icon India may up rates in January
      590 15 Bloomberg Govt likely to withdraw stimulus as economy picks up: Morgan Stanley [NEW DELHI] India's central bank may raise interest rates as early as January as a rebound in the economy makes a reversal of stimulus more likely, Morgan Stanley said. "Various economic indicators
      Bloomberg; REUTERS  -  590 words
    • Article
      Lock icon India's mobile users likely to exceed 1b by 2015
      314 15 -AFP [HONG KONG] India could have more than one billion mobile phone users by 2015, with the bulk of that growth in rural areas, one of the country's top telecom executives said yesterday. Manoj Kohli, chief executive of India's biggest mobile
      -AFP  -  314 words
    • Article
      Lock icon Central bank clamping down on unregulated debt
      648 15 Reuters Move to cut excess liquidity could cripple IPO funding [MUMßAl] A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned by the central bank's move to curb unregulated lending, potentially crimping funding for a
      – Reuters  -  648 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      132 15 m**m s£~ h? 1 for at Orchid Country Club Looking for a unique place for your meetings, seminars or parties? A relaxing resort ambience awaits where your guests will nit j^H recollect positive memories long after. Iff O At Orchid Country Club, your event will be seamlessly carried through from
      132 words
Page thumbnail Page 16
  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Hedge fund assets up US$7.8b in Oct
      437 16 Bloomberg Europe attracts the most capital; funds now have total AUM of USsl.4st [TOKYO] Hedge-fund assets increased by US$7.B billion in October, a sixth straight monthly gain, led by European managers as the region emerges from recession, Eurekahedge Pte said. Net inflows totalled
      – Bloomberg  -  437 words
    • Article
      Lock icon Crisis shakes up US prime brokerage business
      616 16 Reuters [NEW YORK] Last year's market meltdown loosened Wall Street's decades-old grip on the prime brokerage business, and ferocious competition over supporting hedge funds means the old ranks may be shaken up for good. The collapse of Bear Steams and Lehman Brothers sparked
      – Reuters  -  616 words
    • Article, Illustration
      Lock icon Buyers of distressed assets head to Australia
      550 16 Reuters [HONG KONG] For buyers of distressed assets in Asia, the top destination over the next six months is expected to be Australia, as investors stake out bank portfolios holding leveraged buyout loans estimated to be worth US$23 billion. The buyers said that
      – Reuters; REUTERS  -  550 words
    • Article
      Lock icon US lawmakers want major changes in Korea trade pact
      667 16 Bloomberg They seek removal of tax, regulatory curbs on US goods [WASHINGTON] South Korea must eliminate rules limiting sales of American cars before a pending trade accord with the US will be considered by Congress, the chairman of a congressional trade
      – Bloomberg  -  667 words
    • Article
      Lock icon Brown puts deficit curbs, bonus limits on UK agenda
      270 16 Bloomberg [LONDON] Prime Minister Gordon Brown's government yesterday indicated that it aims to pass laws before the next UK general election that would limit bonus pay for bankers and curb the budget deficit. Queen Elizabeth 11, formally beginning Parliament's legislative season,
      Bloomberg  -  270 words
    • Article, Illustration
      Lock icon Turnaround specialist Norman to be ITV non-executive chairman in Jan
      433 16 Reuters [LONDON] Britain's biggest free-to-air commercial broadcaster ITV has turned to Archie Norman, a turnaround specialist and former Conservative politician, to end its errorstrewn seven-month hunt for leadership. Mr Norman, who is known for turning around supermarket chain Asda and
      – Reuters  -  433 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      80 16 Get to know the world better Start your day with SPH newspapers hot off the press, featuring quality news, in-depth analyses, impactful commentaries and breaking stories from Singapore, the region and the rest of the world. IIJifHl IJifH I^M^-wspta Bmß c W HMlllililliH lEn B^i MB3 |H. I- I^k« Subscribe
      80 words
Page thumbnail Page 17
  • WORLD
    • Article, Illustration
      Lock icon Hershey, Ferrero mulling joint bid for Cadbury
      628 17 Reuters Preliminary talks sign of possible rival bid to Kraft's USsl6.7b offer [PHILADELPHIA] Chocolate makers Hershey Co and Ferrero SpA are considering a joint bid for Cadbury pic that could help the British confectioner fend off a hostile takeover by Kraft Foods Inc.
      – Reuters  -  628 words
    • Article
      Lock icon Serious fraud suspected in UBS clients
      339 17 Reuters [BERNE] Most of the thousands of rich people whose ÜBS bank accounts are to be handed over to US authorities are suspected of serious fraud rather than simple tax evasion, Swiss authorities revealed on Tuesday. The account details of about 4,450 people are
      Reuters  -  339 words
    • Article, Illustration
      Lock icon Cern to restart hadron collider after a year's repair
      672 17 -AP [GENEVA] Scientists have repaired the world's largest atom smasher and plan by this weekend to restart the machine that was launched with great fanfare last year before its spectacular failure from a bad electrical connection, a spokesman said on Tuesday.
      -AP; REUTERS  -  672 words
    • Article
      Lock icon Forbes divorce ruling: Govt may get billions
      291 17 -AP [BRIDGEPORT, Connecticut] The US government could collect billions of dollars in court-ordered restitution under a new divorce decree between imprisoned former Cendant Corp chairman Walter Forbes and his wife of 27 years. Judge Howard Owens issued a ruling yesterday that orders Forbes'
      -AP  -  291 words
    • Article, Illustration
      Lock icon US firms throw workers a bone with pet insurance
      622 17 ■AFP [WASHINGTON] A growing number of US businesses, eager to hang on to top talent, are throwing their most valued employees a bone by offering them a new kind of benefit: health care for their pets. Large companies like Google, Disney,
      ■AFP; FILE PHOTO  -  622 words
    • Article
      Lock icon Onus on banks to avoid financial crises: Bundesbank
      397 17 Reuters Policymakers urged to press on with regulatory reform despite recovery [FRANKFURT] Banks must bear responsibility for avoiding future financial crises, German Bundesbank president Axel Weber said on Monday. Mr Weber also urged policymakers not to lose their zeal for regulatory reform
      – Reuters  -  397 words
Page thumbnail Page 18
  • ENTREPRENEUR OF THE YEAR
    • Article, Illustration
      Lock icon Bright sparks in the global arena
      925 18 E&Y Entrepreneur of the Year Spore awards have grown in reach and prestige since they were launched here in 2002. Teh shi imiimg reports THIS year's Ernst Young Entrepreneur of the Year Singapore (EOY) award winners started their respective entrepreneurial journeys by heading out
      STOCK.XCHNG  -  925 words
    • Article, Illustration
      Lock icon The rise of Asian entrepreneurship
      927 18 Is Asia the next engine for entrepreneurship? Ernst Young's steveim phaim shares insights from conversations with winners of the company's Entrepreneur of the Year awards on what makes innovation tick in Asia THE shift in economic power from the West to the East continues to
      927 words
    • Article, Illustration
      Lock icon A tale of entrepreneurial courage
      1456 20 Straits Asia Resources' Richard Ong always looks ahead to see what needs to be done in the present. Teh shi rainiG reports THE mining chapter of Richard Ong's entrepreneurial story, begins with a helicopter ride to a small remote island east of South Kalimantan. Landing
      YEN MENG JIIN  -  1,456 words
    • Article, Illustration
      Lock icon Singapore as a hub for entrepreneurs
      725 20  -  INDERJIT SINGH By AS we celebrate the Global Entrepreneurship Week with some 75 other countries this week, it is timely to reflect on our entrepreneurship journey as a nation, following the recommendations of the Economic Review Committee six years ago to drive entrepreneurship development
      FILE PHOTO  -  725 words
    • Article, Illustration
      Lock icon Persevering against all odds
      1528 22 Passion, hard work and consistency are key for an entrepreneur to succeed, shares International SOS's Arnaud Vaissie. Teh shi imiimg reports IT is when disaster strikes, whether in the form of terrorist blasts in Jakarta or earthquakes in Sichuan, that crisis response company International SOS can
      ARTHUR LEE  -  1,528 words
    • Article, Illustration
      Lock icon Back from the brink: lessons from entrepreneurs
      905 22 Mildred tan of Ernst Young discusses how leading entrepreneurs stay proactive on achieving growth through the downturn and the lessons for companies as they steer their businesses in a stabilising market ENTREPRENEUR-DRIVEN companies are inherently different from other kinds of businesses. The leaders
      905 words
    • Article, Illustration
      Lock icon Catering to high net worth entrepreneurs, family businesses
      863 24  -  DIDIER VOM DAEMIKEM As the wealth management industry evolves, wealth managers need to provide appropriate investment advisory services and solutions to their valued clients. By IT is common knowledge that entrepreneurs and family businesses are key target segments for private banks in
      STOCK.XCHNG  -  863 words
    • Article, Illustration
      Lock icon 10 steps for Asian enterprises to succeed anywhere
      975 24  -  GERALDINE MCBRIDE By WE know that the world economy works in cycles expansion, prosperity, contraction and recession. The severity of each contraction and recession varies. Likewise, the expansion and prosperity stages can also hit differing heights. The ability of businesses to effectively
      975 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      67 19 m indium!! :^MlteiHi^iui^ri^^MiiiMi^^l Barclays Wealth is the wealth management division of Barclays and operates through Barclays Bank PLC and its subsidiaries. Barclays Bank PLC is incorporated and registered in England. Registered No. *****67. Registered Office: 1 Churchill Place, London El 4 SHP, United Kingdom. Its members have limited liability. Barclays
      67 words
Page thumbnail Page 20
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      136 21 LomDinn n In o v- y^^c iwvi i w i^ vi UUL^A wwlTlpdnSßS 1 isß innovative alß||pffl LJlrilll If HS I lllH Wl ■It If y^J^ m^'f^'^M^^™ n lusi vMUfIMI lIF^II |A II MwMmMmmmmMm I HP^III j[ t1 t X I IhhHHI gB^I am^ 'I I fjt -Jk Ihiiillil II
      136 words
Page thumbnail Page 22
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      98 23 Congratulations on winning the Ernst Young Entrepreneur of the Year 2009 Award (Natural Resources Category) j^'-- 11 F^^fek. I Richard Ong f Chief Executive Officer J Straits Asia Resources Limited m k -m^' —7 /H/ i From the Directors of m #J£ I Str3 ITS ASId Dr Chitrapongse Kwangsukstith Martin
      98 words
Page thumbnail Page 24
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      124 25 W|2|gjpi|ji2JjE^jfl^B JPI I KBHI lijf i _^r* IBS sH About International SOS International SOS is the world's leading provider of medical assistance, international healthcare, security services, and outsourced customer care. Based in Singapore and London, and operating in over 70 countries, International SOS helps organisations manage the health and safety
      124 words
Page thumbnail Page 26
  • EDITORIAL & OPINION
    • Article
      Lock icon Seize chance to ride economic crests
      464 26 AMID the bustle and buzz of big economy talk when Asia-Pacific leaders and officials gathered in town last week to chart the region's post-crisis path forward, Singapore's Finance Minister gave an idea of what can be expected in terms of growth strategies for the
      464 words
    • Article, Illustration
      Lock icon Climate change: Are you ready for big changes?
      1186 26  -  MICHAEL YAZIJI They'll come faster than most people think and have major impact on how business is done By CLIMATE change is arguably the biggest threat humanity has ever faced. The issue is already having consequences for business today, and there will
      AFP  -  1,186 words
    • Article, Illustration
      Lock icon Forget about a climate change deal anytime soon
      751 26  -  LEON HADAR THE BOTTOM LINE AS someone who has been following the political and legislative debate over climate change in the US Congress, I was a bit startled that so many pundits seemed so very surprised when President Barack Obama was forced
      751 words
    • Article, Illustration
      Lock icon Asia's strategic turning point
      1305 27  -  STEPHEN S ROACH The Chinese leadership is about to move forcefully in a new direction, marking the true dawn of the Asian Century By ON THE surface, Asia seems to have fared extremely well in this wrenching global crisis and in the Great Recession it has
      AFP  -  1,305 words
    • Article, Illustration
      Lock icon Beware the trap in becoming a player
      1102 27  -  RICHARD H THALER -NYT By IF A business school professor is running short on cash, there is a sure-fire solution: Run a dollar auction game in class. To start, the professor offers to sell the class a US$2O bill. Bidding starts at US$l
      -NYT  -  1,102 words
    • Letter
      Lock icon Shareholders are just as important
      430 27 LETTER TO THE EDITOR I REFER to the article "Shareholders matter, but employees matter more" (BT, Nov 17). In the article, the writer builds a case that "stakeholder-oriented" companies can be more successful than shareholderoriented ones and therefore stakeholders matter more than shareholders. I do
      430 words
Page thumbnail Page 27
Page thumbnail Page 28
  • AVIATION
    • Article, Illustration
      Lock icon Changi passenger traffic rises 6% to 3.3m in Oct
      334 28  -  YEN SREENIVASAN Aircraft movements up 6.7% to a record 20,985; HK passenger numbers drop 3.7% By [SINGAPORE] Some 3.3 million passengers passed through Changi Airport in October 6 per cent more than a year earlier and the third consecutive monthly rise
      FILE PHOTO  -  334 words
    • Article
      Lock icon Boeing gets first orders at Dubai show
      699 28 -AP [DUBAI] Boeing scored its first orders at the Dubai Airshow on Tuesday with requests for 11 737-800 jetliners, while the United Arab Emirates military inked two defence deals with European manufacturers. The UAE armed forces requests from Sweden's Saab and Switzerland's Pilatus
      -AP  -  699 words
    • Article
      Lock icon Single Berlin Airport eyes more EU traffic
      321 28 -Reuters [BERLIN] Berlin plans to become one of Europe's 10 busiest airports and take traffic away from rivals by replacing its existing airports with one main hub, the chief executive of Berlin Airports said on Tuesday. The new airport, Berlin Brandenburg International (BBI),
      -Reuters \  -  321 words
    • Article
      Lock icon Delta, Skyteam offer US$l b to JAL
      246 28 ■AP [TOKYO] Delta Air Lines and its alliance partners said yesterday they are making a billion dollar offer intended to lure loss-making Japan Airlines from its affiliation with American Airlines. Delta is "by far the strongest partner for Japan Airlines," company president Edward
      ■AP  -  246 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2819 28 AIRLINE CODES: AA: American Airlines (AAL), Air France (AFR), AI: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bane nes (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR: EVA
      2,819 words
  • Page 28 Advertisements
  • Page 28 Miscellaneous
    • Miscellaneous
      Lock icon Page 28 Miscellaneous Column 1
      185 28 CRYPTIC CROSSWORD jrr\ __l I I I I dydlll yJ I I ij 1 D D '^-lU (Z\ 111 H M 23 Bit of spice readily used by one making cake topping (4) 6 All of us in a hurry? (5,4) YESTERDAY'S SOLUTION 24 Idiot going round square 7 Get
      185 words
Page thumbnail Page 29
  • SHIPPING
    • Article, Illustration
      Lock icon Market to return to growth next year: Maersk
      523 29 Bloomberg Freight rates may rise as carriers postpone orders for new vessels [COPENHAGEN] AP Moel-ler-Maersk A/S, the owner of the world's largest container shipping line, said the market will return to growth next year and that freight rates may rise as carriers
      Bloomberg  -  523 words
    • Article
      Lock icon Consolidation in shipping industry
      666 29 Reuters ANALYSIS Major container lines are likely to focus on staying afloat rather than buying assets [SINGAPORE] A SLOW recovery in global trade and tight finance could set the stage for a wave of consolidation in the tril-lion-dollar shipping industry, as it gears up for a
      – Reuters  -  666 words
    • Article
      Lock icon Spain pays USs3.3m ransom for trawler
      390 29 -AP Somali pirates still hold a dozen ships with 200 crew [MOGADISHU] As a Spanish warship looked on, a US$3.3 million ransom was delivered by boat and Somali pirates freed a Spanish trawler and its 36 crew members. Spain's prime minister did little to
      -AP  -  390 words
  • Page 29 Advertisements
    • Advertisement
      Lock icon Page 29 Advertisements Column 1
      338 29 ©Send a gift of newspaper subscription j |£^fc First 500 to visit Buzz Sure-Win Lucky Dip Prizes, to your loved ones and be rewarded. I Iw booth ©Santa's Village to I UK To participate, purchase asurewm 1^ mirPhaCP thlC hlinillP $10 Alucky dip ticket and stand a IN" MiabG llllb
      338 words
Page thumbnail Page 30
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8698 30 Transaction date: Nov 18 Hil Low Code Coi Sale COOP) Hii Low Bl Seller C'vr P/E Smil 17 3 3148 8Telecom 9.5 2.5 5834 A-Sonic 34 15 5000 ABR Hldgs 15.5 5.5 1938 AEI Corp 8 1 1100 AEM 23 8 2101 APOil 93 35 5550 ARA 8
      8,698 words
    • Article
      Lock icon SGX CATALIST
      1666 31 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 10 5 1181 s AAGrp 25 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 2 3480 t Adventus 20 8.5 3518 t Afor 12.5 2 1524 t Alantac 11 3.5 7814 t
      1,666 words
    • Article
      Lock icon SGX ETF
      376 31 _Hm Low Code Conn Sale COM) _Hm Low Seller C'vr P/E jffl 111 101 6389 ABFSG Bond ETF 109 815 427 CIMBAsean40 100US$ US815 281 149 DBS STI ETF 100 278 -2 4627 3534 DBXT DJE50 10US$ US4226 3282 1682 DBXT FTChina25 10US$ US3282 5819 3228 DBXT FTVietnam
      376 words
    • Article
      Lock icon CLOB INTERNATIONAL
      264 31 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      264 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9434 31 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 2.122/ AIGIF Spore Bond Fund/ A 1.364/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.11/ APS Alpha Fund (USD)!** 0.8/ AXA Life Secure Ascent 2020 Fund 0.9434/0.9434 AXA Wealth Mgt Spore Pte Ltd AXAWM
      9,434 words
  • Page 30 Advertisements
Page thumbnail Page 31
Page thumbnail Page 32
  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      371 32 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Noi/17 World Index Preliminary 818.4 -0.4 20.7 -0.6 22.1 -0.8 26.7 t EAFE Preliminai 765.6 -0.6 17.9 -0.9 24.1 -1.1 28.: Euro[ Prelim inan 1109.8 -0.7 21.7 -1.1 28.9 -1.3 33.' Pad
      371 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 32 As at 9am NoviS Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2780 1.3170 Can dollar 1.3100 1.3250 Euro 2.0500 2.0730 NZ dollar 1.0250 1.0470 Sterlini ind 2.3160 2.3420 US dollar 1.3770 1.3930 Local dollars to 100 units of foreign currency:
      132 words
    • Article
      Lock icon INTERBANK RATES
      172 32 NoviS fer Overnight 0.03 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 0.05 US$ Offer 3716 5/16 7/16 BJd 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.25 0.28 0.35 0.38 0.60 0.90 1.10 Offer 0.20 0.22 0.25 0.28 0.50 0.70
      172 words
    • Article
      Lock icon STOCK INDEX FUTURES
      29 32 Nov 18 ten Jii Sett STI Nov 2764 2764 2754 SIMSCI Nov 333.1 334.8 330.3 Taiwan Nov 281.5 283.3 281.8 Source: MF Global (S) He. Ltd
      29 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      20 32 NovlB Bid Offer 1-month 1.3853 1.3866 2-months 1.3857 1.3870 3-months 1.3859 1.3873 6-months 1.3863 1.3877 Source: OCBC
      20 words
    • Article
      Lock icon PALM OIL
      60 32 NoviS Delivery Month Opening Sett Av Range Price Price Hi Low Vol Open Done Position Dec 09 2330 2370 2373 2320 1240 4836 Jan 10 2344 2386 2392 2329 3122 ***** Feb 10 2361 2400 2415 2345 ***** ***** Mar10 2356 2400 2417 2354 1230 8107 Total o/p:
      60 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      289 32 NoviS EURODOLLAR FUTURES DecO9 Mar10 Jun10 Sep10 99.7275 99.6400 99.4500 99.1350 4756 7796 5415 3612 EUROYEN TIBOR FUTURES DecO9 99.495 99.495 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 99.495 99.495 99.525 99.540 99.540 99.480 99.395 99.335 99.335 8 51 3806 3499 1706 1694 892 562 52 51
      289 words
    • Article
      Lock icon SICOM FUTURES
      91 32 NovlB RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Dec 09 255.0 Jan 10 257.0 Feb 10 257.5 Mar10 256.5 Apr 10 May 10 254.8 254.0 256.5 256.5 255.0 256.5 257.5 258.0 258.5 259.0 24 170 50 32 TSR 20 (US cents/kg) Month
      91 words
    • Article
      Lock icon INTERBANK CROSS RATES
      449 32 NovlB iuro 'en (on 'eso lam 'ouni Australia 0.979 6.350 0.625 7.209 43.045 87.416 0.829 10.728 3.135 1.248 77.653 43.505 1.289 6.939 0.944 29.878 30.873 0.554 0.930 Canada 1.021 6.485 0.638 7.362 43.956 89.266 0.847 10.956 3.202 1.274 79.297 44.427 1.316 7.086 0.964 30.511 31.527 0.565 0.950
      449 words
    • Article
      Lock icon PHYSICAL PRICES
      81 32 NovlB tuyers lers iuyers lers As at 12 noon (S cents/kg) RSS 2 Dec 2009 355.00 RSS 3 Dec 2009 354.75 RSS 4 Dec 2009 351.50 RSS 5 Dec 2009 347.00 No 1 ADS 376.00 As at 5pm (S cents/kg) 356.00N RSS 2 Dec 2009 357.00 358.00N 355.75N
      81 words
    • Article
      Lock icon GOVERNMENT SECURITIES TREASURY BILLS
      89 32 NovlB 'erioi Issue code turity resterday's Bid Hi, lay's Low 3-Month BQ*****V 18.02.2010 1-Year BY*****N 01.11.2010 0.43 0.55 0.36 0.36 0.50 0.50 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****H 3.625 5-Year N*****0N 1.375 7-Year N*****0S 2.875 10-Year NX*****W
      89 words
    • Article
      Lock icon SIBOR
      77 32 Nov 18 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 1.***** SWAP
      77 words
    • Article
      Lock icon PRECIOUS METALS
      139 32 NovU GOLD (USS/oz) Nov 17 Nov 18 Hong Kong 1130.90 1143.70 London Nov 16 Nov 17 1132.10 1134.55 1132.90 1135.35 Source: Thomson Reuters CAST BAR (S$) Nov 18 Buying Sellim Kilobar "54,295.01" ***** PAMP GOLD BARS (S$) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1 oz 1
      139 words
    • Article
      Lock icon CHICAGO BOT
      101 32 Novl7 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 10 1029.50 1010.00 1031.75 1003.00 Mar10 1035.75 1015.75 1038.00 1009.25 May 10 1038.00 1018.25 1040.00 1011.50 Jul 10 1042.00 1023.25 1044.00 1016.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 09 39.81 39.77 40.02 39.30 Jan
      101 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 32 CRUDE OIL PRODUCTS Novl7 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 78.40 -0.06 WTI (Near Mth) 79.17 0.47 Dubai (1-Mth F) 78.16 1.01 Tapis blend 80.35 1.10 Minas 79.65 1.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 75.85 85.30 0.85 1.20 US$/barrel Opec Oil Basket
      76 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      152 32 NoviS Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2882 1.2897 0.9301 0.9303 Canadian dollar 1.3153 1.3171 0.9497 0.9501 Euro 2.0624 2.0648 1.4891 1.4894 NZ dollar 1.0321 1.0342 0.7452 0.7460 Sterling 2.3269 2.3293 1.6801 1.6802 US dollar 1.3850 1.3863 S$IUS$ to
      152 words
    • Article
      Lock icon LONDON METALS
      70 32 Novl7 minimum, 99.7 jrity (US$/tonne) Co Close Previous Cash 2011.50 1997.00 3 months 2045.00 2030.00 Copper, Grade A (US$/tonne) Cash 3 months 6805.00 6826.00 6830.75 6850.00 Lead (US$/tonne) Cash 2365.00 3 months 2385.00 2369.50 2390.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3
      70 words
    • Article
      Lock icon LIFFE
      72 32 Novl7 Close Prev Hii ih/Low Dec 09 2013 2018 2020/1996 Mar 10 2058 2063 2065/2041 May 10 2079 2083 2080/2063 Jul 10 2014 unch 2016/2000 COFFEE (US$/tonne) Close Pev High/Low Nov09 1308 1318 1308/1283 Jan 10 1328 1339 1333/1317 Mar 10 1370 1384 1378/1361 SUGAR (US tonne) White Close
      72 words
    • Article
      Lock icon BONDS, WARANTS & EXTENDED SETTLEMENT
      2190 32 BONDS, WARANTS EXTENDED SETTLEMENT Pel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left Asia-Pacific Strategic W*****6 3.5 >036AdvanceSCTLtdW*****9 0.5 1 15 23 4.29 1 87 1650 10.00 54 9 S756#AsiaticGrp(H) LtdW*****2 8 H05#Asiatravel W*****7 31 >878 Aztech Systems W*****6 1 1 3
      2,190 words
Page thumbnail Page 33
  • Page 33 Advertisements
    • Advertisement
      Lock icon Page 33 Advertisements Column 1
      3568 33 The Business Times Shipping Times BlCT^ffnHTffiffßWffffißßtM felf WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M W A TJ^ M _L\S ■:i«!^™W.ff^^imgß!|mj l%mrVlAf*U UAI I Ilirr TEL *****588 (14LINES) FiUC:*****163 _^^-™l E^^i^l i^M^J^^^M MESM tMfqgnjmm I V\^^> I WAN HAI INtj PKLIEL: (03) *****888 FAX: (03| *****288 PtNIEL: (04) *****00 FAX:
      3,568 words
Page thumbnail Page 34
  • Page 34 Advertisements
    • Advertisement
      Lock icon Page 34 Advertisements Column 1
      5251 34 F^^^^^^^^^^^^^^^^^H WW\ EASTERN CAR LINER, LTD I l^'Tti'T iTll^lf 1J UL-!_^__l SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS B|M||iilil|iii|B I^^^^^^B B VOY I Romp(KT) I Lillinq(KT) SIN PKL I )KT I KUC IKK I SUR I PCL/AMCL SERVICE AMX/AMEL SERVICE Connecting EMC SERVICE via MALTA ™AV°R°AK M |£J SflL.
      5,251 words
Page thumbnail Page 35
  • BizIT
    • Article, Illustration
      Lock icon 3.5G sees exponential growth here
      866 35 IDC research shows exponential mobile data traffic growth is making the need for LTE more pressing, reports AMIT ROY CHOUDHURY THE high-speed packet access (HSPA) technologyalso called 3.5G in both handset and dongle form factors has seen an exponential growth in Singapore this year, according
      866 words
    • Article
      Lock icon Canon bags Sentosa IR print contract
      483 35  -  ONG BOON KIAT By CANON Singapore has become the latest in a diverse list of vendors to grab technology deals from Singapore's upcoming integrated resorts (IRs). The Japanese vendor said this week it has signed a four year deal with Resorts World at Sentosa
      483 words
    • Article
      Lock icon Fortinet IPO raises USsls6.3m
      447 35 j c Bloomberg [NEW YORK] Fortinet Inc's initial public offering (IPO) raised U*****.3 million, more than the company anticipated, in the first IPO by a Silicon Valley startup in almost two years. The company and investors sold 12.5 million shares at U5512.50 apiece on Wednesday, according
      j c – Bloomberg  -  447 words
    • Article
      Lock icon Microsoft ordered to stop some Windows sales in China
      149 35 Reuters [SHANGHAI] Microsoft Corp has been ordered by a Chinese court to stop selling versions of its Windows operating systems that include fonts designed by a local company, citing a violation of licensing agreements. The ruling, issued by Beijing's No 1
      – Reuters  -  149 words
  • Page 35 Advertisements
    • Advertisement
      Lock icon Page 35 Advertisements Column 1
      49 35 Call 6-594 7594 now for the IT Specialists Stone Forest IT SssssS iB Big WWW.StoneForestlT.COm.Sg Partner QQjgjj^J I &Sun Partner 1 Advantage Sun Servers with Cool Threads Technology deliver 5X the performance, 4 using 1/5 of the power, in 1/4 of the space." vy M^W jlllll^^ Kill;/ i ,3|BB3W||j^^WJ
      49 words
Page thumbnail Page 36
  • PROPERTY
    • Article
      Lock icon China faces asset-bubble risk: central bank adviser
      671 36 Bloomberg Low interest rates, weakening dollar, capital inflows add to dangers, he warns [HONG KONG] China is among the emerging markets facing risks of property and commodity market bubbles, central bank adviser Fan Gang said, joining officials from the region in expressing concern
      – Bloomberg  -  671 words
    • Article, Illustration
      Lock icon Blueprint to boost interior design sector
      771 37  -  EMILYN YAP Trade group lays out plans to raise standards in the industry By [SINGAPORE] Interior design is not just about running after contractors or drawing layouts and an association believes it is time to hammer out higher standards for the industry here. "I
      YEN MENG JIIN  -  771 words
    • Article
      Lock icon Frasers launches 2nd property in Scotland
      265 37 Fraser Suites Edinburgh is its 12th project in Europe [SINGAPORE] Frasers Hospitality said yesterday it has launched Fraser Suites Edinburgh, its second property in Scotland and 12th in Europe. The inner-city property, which has 75 suites, is in St Giles Street, just off Edinburgh's
      265 words
    • Article
      Lock icon Australia property market less attractive
      435 37 Reuters High taxes, rapid asset price recovery to blame, says LaSalle CIO [SYDNEY] High taxes and a rapid asset price recovery have made the Australia property market less compelling for funds seeking high returns, with more attractive options in Japan and Singapore, according to a
      – Reuters  -  435 words
    • Article
      Lock icon Laguna Park en bloc sale called off
      757 38  -  KALPANA RASHIWALA r~n t t~i i t» T"fc t—i ~~i ml 1 1 Over at Meyer Place, owners to start inking deal soon to lower reserve price By [SINGAPORE] The en bloc sale of Laguna Park has been called off for now as
      757 words
    • Article
      Lock icon Holiday Inn Park View completes overhaul
      351 38 By NISHA RAMCHANDANI [SINGAPORE] The Holiday Inn Park View, which opened here in 1985, has been renamed Holiday Inn Singapore Orchard City Centre as part of a $25 million refurbishment exercise. Its signage, reception area, guest rooms and food and beverage outlets have been
      351 words
    • Article, Illustration
      Lock icon Mapletree starts work on south China project
      348 38  -  UMA SHANKARI By [SINGAPORE] Mapletree Investments yesterday unveiled plans for the US$342 million first phase of its Nanhai Business City, a mixed-use development in Foshan City, China. Twenty high-rise apartment blocks with about 2,000 residential apartments and a four-storey retail mall called VivoCity@Nanhai
      FILE PHOTO  -  348 words
    • Article
      Lock icon Balestier factory en bloc after rezoning
      304 38 [SINGAPORE] The owners of a terrace factory building off Balestier Road have put up their property for an en bloc sale following the Urban Redevelopment Authority's (URA) decision in 2008 to consider rezoning the site for residential use upon redevelopment. The freehold property is
      304 words
  • Page 36 Advertisements
    • Advertisement
      Lock icon Page 36 Advertisements Column 1
      1855 36 mm i mi y^mm iTt-rlßßSg^^^^^^^ savills JtTanglin Mall 4e SEMBg -***s^" oj- casa Jervois Chinese CHATSWORTH RB^ 1111—^^ nntMrac nn City Embassy Q Land Area: 3,538.5 sq m 5 d|Emb™sy| (approx. 38,088 sq ft) o ml Mpa° k ho j Tenure: Freehold O il If < •MP 2008 Plot Ratio:
      1,855 words
Page thumbnail Page 37
  • Page 37 Advertisements
    • Advertisement
      Lock icon Page 37 Advertisements Column 1
      493 37 delicious oah floor y e I [|11 ATi Jj I 11' ]J d I|l JiMd 11 I Pm\fl IMJ^^^^^^^^^X^^B Spaae/, fyrace/wndi m? BH BVH^HHHI HI BH HI Ifl lUt Three>plu*dU»One' V J^^^Bfc H^u^jsmEiauuiaaiJjLji&iiiiauf^ l\\ <-<^j»pay*MßT_ Freehold, off Balestier Road gXor^Lr^ j Kt*l IT* 11l I IUM 11W r~^z J h
      493 words
Page thumbnail Page 38
  • Page 38 Advertisements
    • Advertisement
      Lock icon Page 38 Advertisements Column 1
      129 38 at Innovation Place jfcjw/X^ Brand New Freehold Jl Jf" Located at Mandai Estate Sizes from 1,432 sq ft H S^N. Near Kranji and Yew Tee H -g^ Ideal for office, showroom, warehouse production P-^ lifcir-- Good corporate image If^ H Mandai Estate I Ground Floor Convenience Prime frontage facing in
      129 words
    • Advertisement
      Lock icon Page 38 Advertisements Column 2
      213 38 GLOBAL BUSINESS OUTLOOK FOR SINGAPORE I I II DECEMBER 1& 2, 2009 If I If Presidents, Prime Ministers and You. The Oxford Analytica Daily Brief has provided concise, authoritative, insightful and actionable analysis on major world SPONSORED BY j- j.. issues for over 25 years to governments, corporations, =UErnst&Young financial
      213 words