The Business Times, 29 July 2010
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2010-07-29
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The Business Times
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Title Section23 2010-07-29 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, July 29,201023 words
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Article, Illustration648 2010-07-29 1 ANNA TEO - Academics expound on airline’s dual strategy in Harvard Business Review By ANNA TEO [SINGAPORE] A premium service provider is unlikely to be a cost leader. Or so it would seem. Singapore Airlines, however, has debunked the notion with its dual strategy ofBLOOMBERG - 648 words
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Article, Illustration713 2010-07-29 1 KALPANA RASHIWALA - New industry-backed index to measure sentiment shows mood has sobered slightly By KALPANA RASHIWALA [SINGAPORE] In a historic move, the Real Estate Developers’ Association of Singapore has teamed up with the National University of Singapore’s Department of Real Estate (DRE) toSource: Real Estate Sentiment Index Survey - 713 words
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Article141 2010-07-29 1 ST INDEX 2,985.38 (+6.00) ST INDEX FUTURES 2,985 (+6) SIMSCI 353.47 (+1.02) SIMSCI FUTURES 353.40 (+0.40) FOREX US$ S$ US$ (S$ per US$) 1.365 (US$/S$ per 1.557 2.126 EURO (US$/S$/E) 1.299 1.774 Foreign currency per US$ S$ YEN 88.00 64.40 RM 3.193 2.339 HK$ 7.767 5.690 BAHT 32.27141 words
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Advertisement127 2010-07-29 1 ASIAN BONDS Billion-dollar deals are snapped up within hours PAGE 2 DEFAMATION SUIT Remisier king awarded record sum of damages PAGE 11 BizIT Equinix to invest US$43m to expand data centre PAGE 28 OPINION Don’t take bankers’ word on debt ‘securitisation’ PAGE Twin pillars of culture and structure SERVICE INNOVATION127 words
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Advertisement12 2010-07-29 1 Developer sentiment still positive for H2: survey, Page 30 8 *****1 *****412 words
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TOP STORIES
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Article604 2010-07-29 2 Real estate gets a new gauge of market pulse IN A historic move, the Real Estate Developers’ Association of Singapore has teamed up with NUS’ Department of Real Estate to develop a Real Estate Sentiment Index and it shows a lower reading for the second quarter of this604 words
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Article, Illustration839 2010-07-29 2 SIOW LI SEN - Region’s debt market running hot and bankers are fighting to do deals Reports by SIOW LI SEN [SINGAPORE] It’s as if the floodgates have opened in Asia’s debt market as bil-lion-dollar deals are snapped up within hours. It’s as if the European839 words
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163 2010-07-29 2 MALAYSIAN sovereign wealth fund Khazanah Nasional is poised to sell the largest sukuk (Islamic bond) in the Singapore-dollar bond market at least $500 million. The deal will be a benchmark issue in two tranches, of five and 10 years, said a163 words
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502 2010-07-29 2 KALPANA RASHIWALA - By KALPANA RASHIWALA [SINGAPORE] Latest flash estimates from National University of Singapore (NUS) confirm what property industry players have already experienced on the ground a rapid slowdown in the growth of non-land-ed private home prices in June compared with May.502 words
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401 2010-07-29 2 Reuters AP [LOS ANGELES] Las Vegas Sands Corp, the casino operator run by billionaire Sheldon Adelson, posted a better-than-expected quarterly profit yesterday, aided by strong performances at its new Singapore resort and in Macau. Sands earned 17 cents a share inReuters; AP - 401 words
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Article, Illustration732 2010-07-29 4 LEE U-WEN - Unwise to lock in wage rises which cannot be sustained in downturns By LEE U-WEN [SINGAPORE] Even as Singapore looks set to achieve record double-digit economic growth this year, employers and workers must fully understand the need for wage flexibility, saidFILE PHOTO - 732 words
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706 2010-07-29 4 CHEN HUIFEN - By CHEN HUIFEN AFTER two days of intense field trips and meetings with Tianjin officials, a group of Singapore SMEs have decided to form a consortium to hunt in a pack there. While details remain to be worked out, the rough gist706 words
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Article, Illustration697 2010-07-29 4 MALMINDERJIT SINGH - By MALMINDERJIT SINGH [SINGAPORE] The World Cup could be coming back to Asia again sooner than expected. Four Asian countries Qatar, Japan, South Korea and Australia are bidding to host the tournament in 2022. The continent has already staged the World Cup inACTION IMAGES/JOHN HENG - 697 words
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Article, Illustration482 2010-07-29 4 EMILYN YAP - Temasek nominee Ng Yat Chung steps down from board By EMILYN YAP [SINGAPORE] Kirin Holdings’ presence as the second largest shareholder of Fraser Neave (F&N) is unlikely to have any impact on the latter’s property and beer businesses. Responding to queriesFILE PHOTO - 482 words
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Page 2 Advertisements
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Advertisement144 2010-07-29 2 2010 KPMG LLP (Registration No.T08LL1267L), an accounting limited liability partnership registered in Singapore under the Limited Liability Partnership Act (Chapter 163A) and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Making a difference Living144 words
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Page 3 Advertisements
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Advertisement131 2010-07-29 3 FOUR VISIONARIES. ONE INSPIRATION. i WL £2 .2 Jk s Bernardo Fort-Brescia Arquitectonica, Miami Mk Created by the world's most accomplished architects and designers, the Inessence Residences represent a culmination of decades of experience and vast architectural vision in crafting a home of exquisite style and substance. I 6=3 Exclusively131 words
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Advertisement116 2010-07-29 4 Q ISP Be a Qualified Information Security Professional The Association of Information Security Professionals (AISP) has introduced the Qualified Information Security Professional (QISP) training programme to raise professional proficiency and to distinguish information security practitioners in Singapore. QISP participants will gain broad information security knowledge and in-depth skills to handle,116 words
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Advertisement57 2010-07-29 4 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MAT>i NOTICES ORCHARD' ROAD 1 4 bdrms/ PH with Pte Pool From 700 sqft 6000 sqft TOP end of 2010 Viewing Strictly by Appointment Only. Call Developer's Sales Team57 words
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Advertisement19 2010-07-29 4 Hire skilled foreign workers to raise productivity: Swee Say, Page 10 Scrap retirement age, says MM Lee, Page 1019 words
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532 2010-07-29 5 EMILYN YAP - It is setting its sights on growth markets of Singapore, China and Malaysia: CEO By EMILYN YAP CAPITAMALLS Asia (CMA) has a potential war chest of some $2.5-3 billion for developing and buying malls, and it will be targeting its532 words
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354 2010-07-29 5 MAPLETREE Logistics Trust has signed a binding memorandum of understanding (MOU) with Kabushiki Kaisha A-Max to acquire three properties in Japan, its manager Mapletree Logistics Trust Management (MLTM) said yesterday. The properties are the Iwatsuki Logistics Centre, a distribution centre and office in354 words
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Page 5 Advertisements
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Advertisement340 2010-07-29 5 34°S Buenos Aires, Argentina J An exquisite Marina Bay Sands experience t complete with access to the Sands SkyPark! Yours when you join HSBC Premier. Opportunities arise when you are open to new experiences In a world without boundaries, possibilities abound. And no matter where an opportunity presents itself, we'll340 words
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COMPANY NEWS
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417 2010-07-29 6 CHEW XIANG - Results dragged down by 43% drop in profits from insurance ops By CHEW XIANG GREAT Eastern Holdings said net profit for its second quarter to June 30 fell 24 per cent to $74.4 million from $97.7 million a year ago. The poor417 words
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427 2010-07-29 6 NISHA RAMCHANDANI - By NISHA RAMCHANDANI CDL Hospitality Trusts (CDLHT) posted a stronger set of results for the second quarter ended June 30, 2010 as hospitality performance improved across its portfolio. CDLHT which comprises CDL Hospitality Real Estate Investment Trust and CDL Hospitality Business Trust registered a427 words
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282 2010-07-29 6 LYNN KAN - By LYNN KAN SINGPOST’S net profit grew 3.2 per cent to $40.7 million for the first quarter ended June 30. Earnings per share were 2.11 cents, up from 2.045 cents a year ago. Revenue hit $138.2 million, a 13.5 per cent increase282 words
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292 2010-07-29 6 Bloomberg THE London Metal Exchange (LME) and Singapore Exchange Ltd plan to introduce cash-settled metals futures contracts for individual investors that will be traded and cleared at the SGX, as the Singapore company is known. Copper and zinc so-called mini-contracts may begin tradingBloomberg - 292 words
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548 2010-07-29 8 MICHELLE QUAH - Firm has already made payment of US$1 m, working on repaying the rest By MICHELLE QUAH UNITED Fiber System Limited has been asked to repay some US$23 million to China National Machinery Equipment Import Export Corporation (CMEC) an amount owing to CMEC as548 words
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Article190 2010-07-29 8 At a glance Three months ended June 2010 Six months ended June 2010 NET PROFIT (S$m) TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG Great Eastern 253.50 334.70 -24.3 2,710.30 2,424.50 11.8 74.40 97.70 -23.8 1,367.30190 words
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372 2010-07-29 8 VICTORIA HO - By VICTORIA HO INCREASED data revenues and the impending roll-out of the National Broadband Network are some factors which bode well for the telecom sector for the rest of the year, according to OCBC Investment Research. In a research report released yesterday, OCBC372 words
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162 2010-07-29 8 CONSTRUCTION company Lian Beng Group’s net profit for the financial year ended May 31 grew 41.3 per cent from a year back to $24.04 million. Revenue was up 12 per cent to $345.71 million. The better earnings were driven by a strong performance162 words
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242 2010-07-29 8 FRASERS Commercial Trust (FCOT) said income distributable to unit-hold-ers increased 39 per cent year on year to $7.7 million for its third quarter ended June 30. Distribution per unit (DPU) for the quarter is 0.25 cent, also up 39 per cent.242 words
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COMPANY BRIEFS
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59 2010-07-29 8 ARA Asset Management (ARA) said its flagship private real estate fund, the ARA Asia Dragon Fund (ADF), has entered into agreements to buy two commercial properties in Malaysia for RM710 million (S$304 million). The two properties are Aeon Bandaraya Melaka Mall (ABM) in59 words
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61 2010-07-29 8 KINGBOARD Copper Foil Holdings reported that its net profit for the second quarter to June 30 was HK$47.85 million (S$8.4 million), compared to HK$3.45 million a year ago. The better bottomline was due to restocking activity by its export customers and China’s robust domestic61 words
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65 2010-07-29 8 INTERNATIONAL Press Softcom warned that it expects to record a loss for the first half of 2010. The weak financial performance for this period is attributable to the lower turnover from its Singapore operations, the investment in subsidiary, Scantrans India Pvt Ltd, which has not65 words
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75 2010-07-29 8 CAPITALAND’S serviced residence business unit, The Ascott Limited, has clinched a contract to manage a 174-unit serviced residence in Kuta. To be named Citadines Bali Kuta, the serviced residence will open in 2012. The contract is awarded by Indonesian developer PT Rudy Indopratama75 words
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81 2010-07-29 8 BROADWAY Industrial Group yesterday reported a 34.9 per cent year-on-year jump in net profit to $10.33 million for the second quarter ended June 30, 2010, from $7.7 million a year ago. Revenue for the second quarter was up 1.7 per cent at $141.7481 words
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Page 6 Advertisements
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Advertisement265 2010-07-29 6 V SS;-v mm. imzw •'"m mm ■< A My Business My Success My Retirement, MyLife. My life can be defined by adventures and experiences. I am constantly seeking out new opportunities. As an entrepreneur, I must be able to think outside the box and to view things from different perspectives.265 words
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Advertisement152 2010-07-29 7 PayPal tm "The world's most-loved woy to poy ond get paid." La VJ k MB J Mr it PAY YOUR BILLS A y ]£J/J3/31/y r»r r $138.00 $200.00 Home Motel KZY Airlines PAY with RavRa These charges will be listed seperately in your account j GO SHOPPING Itinerary 2) BUY152 words
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Advertisement469 2010-07-29 8 t HOUSING DEVELOPMENT BOARD LAND FOR SALE LAND PARCELS JURONG WEST E4, BEDOK PI AND YISHUN S5b On behalf of the Government of the Republic of Singapore, the Housing Development Board is pleased to invite tenders for the sale of land parcels at Jurong West Street 42, New Upper Changi469 words
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SINGAPORE MARKETS
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Article, Illustration612 2010-07-29 9 VEN SREENIVASAN - Peter Lim-linked counters, Loh and Han-linked counters enjoy the limelight STOCKS VEN SREENIVASAN Senior Correspondent THERE was a noticeable rise in penny stock activity, especially for situational counters which have been in the news in recent days. One group which enjoyed significant interest comprised theSource: Bloomberg - 612 words
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Article186 2010-07-29 9 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 2 9 0 0 0 6 2 9 Manufacturing 65 47 81 10 4 13 75 51 94 Commerce 20 16 25 3 3 3 23 19 28 Tpt/Stor/Comms 17 12 14186 words
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Article119 2010-07-29 9 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 170,033 170,033 72,157 72,157 Manufacturing 402,874 28,861 431,735 279,168 2,533 281,702 Commerce 94,094 6,743 100,837 94,119 1,426 95,545 Tpt/Stor/Comms 118,377 666 119,043 251,527 96 251,624 Finance 29,820 29,820 184,844 184,844 Construction 44,414 23,615 68,029 4,827119 words
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Article107 2010-07-29 9 Stock name Close Change CapMallsAsia 2.050 CapitaLand 3.860 +0.010 CapitaMall 1.970 -0.010 CityDev 11.960 +0.140 ComfortDelGro 1.590 +0.040 DBS Grp 14.520 +0.080 F&N 5.650 -0.090 Genting SP 1.260 Golden Agri 0.565 +0.005 HK Land 5.380 -0.020 JMH 40.000 -0.060 JSH 23.200 -0.040 Jardine C&C 35.100 -0.300107 words
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Article65 2010-07-29 9 Jul 28 VALUE CLOSE BT OB/OS 146.00-162.00 BT CADI -*****.00 +59.00 BT 10-day MA -*****.00 +14.00 FTSE ST Mid Cap 732.44 -0.18 FTSE ST Small Cap 545.80 +1.60 FTSE ST All Share 736.95 +1.26 FTSE ST China Top 272.30 +0.71 FTSE ST China 301.42 +0.43 FTSE ST65 words
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Article55 2010-07-29 9 VOLUME ChinaACorp 144,479,000 Healthway 58,082,000 China Hongxing 55,872,000 Informatics 50,639,000 Genting SP 49,960,000 SwingMedia 33,763,000 Noble Grp 30,579,000 UMS 30,504,000 Rowsley 30,437,000 BerlianLaju 28,129,000 VALUE($) SIA 114,786,060 Parkway Hldgs 88,088,810 Wilmar 76,497,170 DBS Grp 66,325,355 Genting SP 62,696,990 Noble Grp 52,206,020 CapitaLand 51,219,380 OCBC Bk 47,404,840 UOB55 words
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BROKERS’ TAKE
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Article, Illustration299 2010-07-29 9 July 28 close: $2.31 DBS Group Research, July 28 WE expect Q2 2010 earnings of $65 million. Compared to Q1 2010 earnings of $43 million, Q2 2010 should benefit from $10 million higher earnings in the mobile business as handset subsidies decline; and an absence of $12 million staffSource: Bloomberg - 299 words
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Article295 2010-07-29 9 JOYCE HOOI - Compiled by JOYCE HOOI July 28 close: $2.00 DMG Partners Research, July 28 CDLHT reported Q2 2010 distribution per unit (DPU) of 2.87 cents, in line with our FY2010 DPU forecast of 11.1 cents but 10 per cent above the street’s forecasts of 10.3 cents. Net property295 words
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465 2010-07-29 9 falls vs yen on US durable goods data CURRENCIES Reuters [NEW YORK] The dollar fell against the Japanese yen yesterday, as a weaker-than-expected reading on new orders for US durable goods added to fears about the US economic outlook. Demand for the dollar rose against the euro as a rallyReuters - 465 words
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Article111 2010-07-29 9 BY CENTS CLOSE UP DBXT E50 10US$ 3873 356.3 7.2 Pru 500US$ 879 60.1 5.3 Lyxor LatinAmerica 1 825 46.4 4.3 SIA 1546 44.0 2.9 SIA 200 1542 40.0 2.7 DBXT MSBrazil 10US$ 662 36.9 4.3 DBXT MSTHAI 10US$ 1239 32.8 2.0 Asia Pac Brew 1500 30.0 2.0 DBXT111 words
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Article127 2010-07-29 9 BY CENTS CLOSE DOWN GLD 10US$ *****-273.0 -1.7 DBXT FTVietnam 10US$ 4060 -96.9 -1.7 DBXT Nifty 10US$ ***** -90.1 -0.6 DBXT STGLDv100 10US$ 2574 -80.5 -2.2 STXPO 100 1362 -38.0 -2.7 DBXT SPASX200 10US$ 2843 -32.8 -0.8 Jardine C&C 3510 -30.0 -0.8 UOB 5.05%NCPS 100 ***** -30.0 -0.3 OCC127 words
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Article87 2010-07-29 9 Where S$ stands Jul 28 CHNG YR 2010 CLOSE FR Jul 27 S$ LOW S$ HIGH US$ 1.3642 -0.15 1.4219 1.3622 Euro 1.7755 -0.37 2.0153 1.6886 Pounds 2.1271 -0.84 2.2831 2.0003 A$ 1.2216 0.87 1.2960 1.1515 Yen* 1.5499 0.60 1.5951 1.4467 Rupiah* 0.***** -0.24 0.***** 0.***** Baht* 4.2248 0.1687 words
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Advertisement24 2010-07-29 9 INSTRUMENTS FOR PROFESSIONALS JOHN TRAVOLTA PROFESSIONAL PILOT TEL. +65 6732 6347 WWW.BREIT1_ING.COM CJIh; IPOOty >' ■V~ BREI LING in i i cP \«3 «l J24 words
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SINGAPORE NEWS
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Article, Illustration518 2010-07-29 10 LEE U-WEN - He says labour movement in favour of having more foreign workers By LEE U-WEN WHILE Singapore is poised to bring in over 100,000 new foreign workers this year because of the economy’s stunning rebound, the labour movement is concerned that this518 words
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368 2010-07-29 10 THERE should be no retirement age for workers, Minister Mentor Lee Kuan Yew said at a dialogue session yesterday. Singapore’s ageing population means its employers have to help old workers stay productive and workers have to be willing to368 words
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Article, Illustration343 2010-07-29 10 It aims to double pre-tax profit to 10b euros by next year THE new head of Deutsche Bank’s (DB) enlarged corporate and investment bank (CIB) group, Anshu Jain, has unveiled a team of regional leaders and an executive committee of 15 to343 words
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145 2010-07-29 10 TOLL charges for vehicles using the Second Link will drop about 30 per cent from Aug 1, the Land Transport Authority (LTA) said yesterday. The Causeway’s toll fees remain unchanged. Singapore’s toll charges are pegged to those set by Malaysia145 words
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SINGAPORE ROUNDUP
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85 2010-07-29 10 PARK Hotel Group’s flagship Grand Park Orchard is expected to open on Aug 8. The 11-storey hotel is the result of an $80 million makeover of the former Park Hotel Orchard on Orchard Road. The hotel will have 308 rooms, a herringbone-design exterior85 words
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Article70 2010-07-29 10 PROCTER Gamble and the International Olympic Committee said yesterday that P&G’s portfolio of brands including Pampers and Whisper will sponsor athletes and national teams from the 2012 London Olympics to the 2020 Games. P&G is also sponsoring 25 mothers of athletes to travel to Singapore70 words
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301 2010-07-29 10 AMONG the homegrown digital projects debuting at the Shanghai World Expo next month will be a 3D stereoscopic racing game and an educational application that will blend the virtual and real world together during the learning process. The Singapore Media Showcase301 words
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234 2010-07-29 10 BUSINESS expectations in Singapore remain positive across all sectors despite fears of a possible slowdown, according to the latest Dun Bradstreet index for the third quarter. The majority of companies surveyed said they are more optimistic about their Q3 performance for sales volume,234 words
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Article, Illustration356 2010-07-29 11 LYNN KAN - By LYNN KAN BERITA Harian’s Achiever of the Year Award has for the first time gone to a company boss. Shafie Shamsuddin, chief executive of Carrefour Indonesia, is the only Asian and one of a handful of non-Frenchmen in the management ranks of theBERITA HARIAN - 356 words
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Article, Illustration558 2010-07-29 11 JOYCE HOOI - He gets $210,000 in defamation suit against current owners of RTC By JOYCE HOOI FORMER remisier king Peter Lim made history yesterday when he was awarded $210,000 in damages in his defamation lawsuit against Lin Jian Wei and Margaret Tung the highest sum558 words
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255 2010-07-29 11 A NEW initiative by the National Council on Problem Gambling (NCPG) aims to raise awareness of compulsive gambling. Eleven organisations will partner NCPG to boost public education on the issue, NCPG said yesterday. The 11 partners are 888 Plaza Coffee Shop, Comfort DelGro, the Football255 words
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Article, Illustration838 2010-07-29 11 BT ADVERTORIAL There’s a new executive hang-out in town, and it’s not a boardroom WHEN Carlton Hotel Singapore opened the doors of its new Premier Wing this May, it also unveiled a fresh look to its F&B establishments. Carlton Hotel’s two casual838 words
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Advertisement292 2010-07-29 10 SINGAPORE'S r IT CONSUMER TECHNOLOGY EXHIBITION www.comexshow.com.sg COMING SOON 2 nd 5™ September LEVELS Q, 0 0 0 G SUNTEC SINGAPORE 5 4///A y DON'T MISS! SINGAPORE'S BIGGEST I.T EXHIBITION OF THE YEAR! STAND TO WIN 1 ST PRIZE OF $20,000 CASH AND OTHER CASH PRIZES! (ONE COUPON FOR EVERY292 words
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Advertisement17 2010-07-29 11 www.asiadebtsxchange.com ADX MANAGES DISPUTES IN COLLECTIONS Contact +65 6505 9555 or Email: contact@asiadebtsxchange.com for more details! r.w.r^in17 words
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ECONOMY WATCH
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Article, Illustration615 2010-07-29 12 ANTHONY ROWLEY - But directors unable to reach common position on whether yuan is undervalued By ANTHONY ROWLEY CHINA’S economy is relatively sound overall and should expand 10.5 per cent this year the biggest increase in three years the International Monetary Fund suggests in a reportREUTERS - 615 words
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462 2010-07-29 12 AP [LONDON] The governor of the Bank of England said yesterday that the need to stimulate the economy still takes precedence over concerns about high inflation at a time when the outlook for the global economy remains uncertain. Governor Mervyn King toldAP - 462 words
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459 2010-07-29 12 NYT [PARIS] Across Europe, governments looking for ways to reduce yawning budget gaps are embracing online gambling, a source of revenue they once viewed with scepticism. While opposition in the US to Internet betting has centred on concerns about gambling addiction, EuropeanNYT - 459 words
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Page 12 Advertisements
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Advertisement23 2010-07-29 12 SHAFIE SHAMSUDDIN t achievement in the corporate world organised by: SANTAPAN HARIAN ANDA BERITA HARIAN A publication of J m 0 J r23 words
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MALAYSIA/INDONESIA
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Article, Illustration560 2010-07-29 13 Reuters [JAKARTA] Indonesia expects foreign direct investment to rise more than expected this year, as new and existing investors are drawn by strong consumer demand and increased stability. The surge in FDI could improve Indonesia’s prospects of achieving a much-coveted investment grade credit rating,Reuters; THE JAKARTA POST - 560 words
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181 2010-07-29 13 Reuters [JAKARTA] A consortium of Japanese investors has offered to invest US$367 million to expand an aluminium smelter in Indonesia, in an effort to maintain their majority ownership as Indonesia wants to increase its stake. The government will soon kick off negotiationsReuters - 181 words
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327 2010-07-29 13 AFP [KUALA LUMPUR] Malaysia plans to triple its annual revenue from timber and its products to US$17 billion by 2020 by exporting to new markets including Russia, an official said on Tuesday. Malaysia is a major tropical timber exporter andAFP - 327 words
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Article, Illustration545 2010-07-29 13 PAULINE NG - Takeover offer made by his firm which already owns nearly 60% of the company By PAULINE NG MALAYSIAN tycoon Ananda Krishnan has made a takeover offer of RM4.20 cash apiece for shares in Malaysian-listed Measat Global not owned by him in a privatisation545 words
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315 2010-07-29 13 Director says new regulations are being prepared Reuters [JAKARTA] Indonesia Stock Exchange plans to woo foreign firms, in particular Australian miners, to list in Jakarta, by easing its listing regulations soon, a director said yesterday. The move could encourage a wide range of foreignReuters - 315 words
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Page 13 Advertisements
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Advertisement125 2010-07-29 13 BLACK AM STEAKHOUSE Savour the succulence of our S Prime Top Grade Beef W! y (3/ Si J£.s v v 4 P" krt ?S&J1 0IL* -y&M > ft'/ 4 l V .i# 1 i f 4! M -i O'aV ari n cLr\al m V': >i&>£ 's Ak En\oyos^;;^ A^S'e° k125 words
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Page 13 Miscellaneous
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Miscellaneous24 2010-07-29 13 JACKPOT 'a CO TODAY Sales close at 6pm Draw at 6.30pm at PoMo For details, visit www.singaporepoois.com.sg Towards Community Purpose and Benefit SINGAPORE m24 words
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GREATER CHINA
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Article, Illustration786 2010-07-29 14 First half of this year sees 102 accidents compared to 171 for the whole of 2009 Bloomberg [SHANGHAI] China, the world’s largest polluter, said the number of environmental accidents rose 98 per cent in the first six months of the year, asBloomberg; REUTERS, AFP - 786 words
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583 2010-07-29 14 Bureau chief gets 20 years for 305m yuan in ill-gotten gains AFP [BEIJING] In China’s coal-rich Shanxi province, the source of much of the fuel that powers the ener-gy-hungry nation, there is an oft-repeated saying: “To make money, all you have to doAFP - 583 words
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195 2010-07-29 14 AFP [SHANGHAI] China’s banking regulator has moved to ease concerns after reports said nearly a quarter of loans to local governments were at serious risk of default, state media said yesterday. Century Weekly magazine said this week that 23 per centAFP - 195 words
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379 2010-07-29 14 Reuters [BEIJING] China’s construction of a vast high-speed rail network will bequeath it one of the world’s most advanced rail industries, but it needs to keep a close eye on the debts it is running up in the process, theReuters - 379 words
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258 2010-07-29 14 AFP [TAIPEI] Chinese President Hu Jintao’s son made a top-secret visit to Taiwan earlier this month, a Tai-pei-based weekly said yesterday, amid improving ties between the former bitter rivals. Hu Haifeng, accompanied by unidentified high-ranking Chinese officials, arrived on the island onAFP - 258 words
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Page 14 Advertisements
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Advertisement23 2010-07-29 14 TUITION TALES Students, parents on the race for grades DEEPIKA PLAYS BLIND GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)23 words
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Advertisement10 2010-07-29 14 Si 3 J. > I V H FIRST VrtU^ ettrtS www.radio9l3.com10 words
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INDIA
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Article, Illustration717 2010-07-29 15 He urges Delhi to remove barriers to foreign investment, open up markets Reuters [BANGALORE] British Prime Minister David Cameron tried to persuade India yesterday to do more business with Britain as he seeks new sources of economic growth to offset deep cuts inReuters; AFP - 717 words
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360 2010-07-29 15 Bloomberg [SINGAPORE] Religare Capital Markets, the investment banking arm of billionaire Malvinder Singh’s Religare Enterprises Ltd, aims to be among India’s top five advisers within five years, chief executive officer Martin Newson said. The company will benefit as capital curbs on globalBloomberg - 360 words
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270 2010-07-29 15 AFP [MUMBAI] India plans to stage “stress tests” twice a year on its banks following the lead of US and European financial regulators, a report said yesterday. The central bank said on Tuesday that it had carried out rudimentary tests during the worldwideAFP - 270 words
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Advertisement2462 2010-07-29 15 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF STARLING CORPORATION (S) PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****0709K) NOTICE TO SUBMIT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given that the creditors of2,462 words
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SERVICE INNOVATION
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Article, Illustration1074 2010-07-29 16 TEH SHI NING - Global Conference on Service Excellence underscores importance of ‘soft’ and ‘hard’ aspects of service innovation, reports TEH SHI NING TEH SHI NING IF Singapore companies are to raise their service productivity, they will need the right culture and structure. It was with that twin1,074 words
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Article, Illustration651 2010-07-29 16 TEH SHI NING - Reports by TEH SHI NING HIGHER isn’t always better when a company is gunning for productivity improvements. Service providers in particular, need to be more strategic in their pursuit of productivity as there exists a trade-off between service productivity and customer satisfaction, said Roland Rust651 words
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Article, Illustration807 2010-07-29 16 EXCELLENT service requires companies to go beyond seeking customers’ rational approval of products, to influencing them by appealing to emotions, said Lluis Martinez-Ribes, associate professor at ESADE, Ramon Llull University. “Service is an overused word with a huge problem,” said Prof Martin-ez-Ribes, who is also807 words
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Article, Illustration688 2010-07-29 17 FELDA CHAY - Reports by FELDA CHAY SERVICE companies need to invite feedback from customers, and learn that there is more to feedback than just complaints. This was one of the key messages Boston College professor, Katherine Lemon, had to dish out at a plenary session on maximising688 words
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Article, Illustration678 2010-07-29 17 IF there is one tip that firms need as they try to instil a culture of innovation, it’s this: be a practical dreamer. That was one of 10 pieces of advice dished out yesterday by Dennis Khoo, general manager for678 words
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Article, Illustration645 2010-07-29 17 QUALITY services will spell the difference between winners and losers in today’s world. Unfortunately, it is not easy to come up with services that are truly useful to customers, said speakers at the ISES plenary session on sources and areas of service innovation. Good645 words
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ASIA-PACIFIC/WORLD
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579 2010-07-29 18 Committee relaxes proposed liquidity standards, allows more time to comply Bloomberg [LONDON] Banks worldwide applauded changes to proposed capital and liquidity standards that relaxed aspects of the rules and gave lenders as much as eight years to comply. Lobbying groups in EuropeBloomberg - 579 words
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Article, Illustration398 2010-07-29 18 Reuters [NEW YORK] Nearly all women in the United States are involved in household finance decisions and one-fourth of them are in control, yet many lack confidence in their fiscal management abilities, a study found on Tuesday. According to the fifth biennialReuters; AP - 398 words
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361 2010-07-29 18 LATEST US DATA Reuters [WASHINGTON] New orders for long-lasting US manufactured goods unexpectedly fell for a second straight month in June, posting their largest decline since August, further evidence economic growth cooled in the second quarter. The Commerce Department said yesterdayReuters - 361 words
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380 2010-07-29 18 AFP Bloomberg [LONDON] Britain must be “realistic” about its position in the world, Prime Minister David Cameron said yesterday after domestic criticism of a perceived humble approach to India and the United States. Mr Cameron said he was “not in any way talkingAFP; Bloomberg - 380 words
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Article, Illustration484 2010-07-29 18 AP [DETROIT] Just over a decade ago, electric cars were expensive niche vehicles for gadget lovers and celebrities. Now, Nissan and General Motors are competing to sell the most affordable electric car to middle-class America. The contest escalated on Tuesday whenAP - 484 words
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287 2010-07-29 18 Downgrade due to lesser govt support for banks: Moody’s Reuters [NEW YORK] Moody’s Investors Service on Tuesday changed its outlook on Bank of America (BOA), Citigroup and Wells Fargo to negative, from stable, citing lessened government support for the institutions under new USReuters - 287 words
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Page 18 Advertisements
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WORLD
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811 2010-07-29 19 Regulatory agencies on their part gird for the intense interest in their deliberations NYT [WASHINGTON] As the battle over toughened financial restrictions moves to a new front, the regulatory agencies that will create hundreds of new rules for American banks will face aNYT - 811 words
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Article, Illustration779 2010-07-29 19 AP AFP [WASHINGTON] The Securities and Exchange Commission and the Justice Department are conducting informal inquiries into securities matters arising from the Gulf of Mexico oil spill, BP said on Tuesday. The company disclosed the probe in a filing with the SEC, marking theAP; AFP; REUTERS - 779 words
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680 2010-07-29 19 Reuters [NEW YORK] Goldman Sachs Group has put civil fraud charges from the Securities Exchange Commission to rest, but a host of regulators and lawmakers are still on its trail, leaving the firm with headaches as it tries to move on. AReuters - 680 words
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Article, Illustration491 2010-07-29 19 Bloomberg [NEW YORK] Citigroup may move a team of proprietary traders into its hedge fund unit, one of at least three alternatives the US bank is studying to comply with the Dodd-Frank Act, people briefed on the matter said. Traders inBloomberg - 491 words
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537 2010-07-29 19 Industry attacks plan to remove cap on liability from oil spill AP [WASHINGTON] Senate Majority Leader Harry Reid presented a draft of energy and oil spill legislation on Tuesday, having to settle for a far less sweeping effect than the cap on carbonAP - 537 words
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EDITORIAL & OPINION
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Article, Illustration1146 2010-07-29 20 ANTHONY ROWLEY - No room for bankerly arrogance or regulatory sloth where the public interest is at stake ANTHONY ROWLEY Tokyo Correspondent A FEW years ago, before crisis undermined the towering pretensions of the global financial system and its practitioners, I attended a dinner in WashingtonREUTERS - 1,146 words
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Article, Illustration757 2010-07-29 20 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator THE show of force mounted this week off the Korean Peninsula by the United States and South Korea is the biggest in decades and is intended to warn757 words
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Article469 2010-07-29 20 EDITORIAL WHEN the two Prime Ministers of Singapore and Malaysia announced recently, and rather unexpectedly, a resolution to the long-standing issue of Malaysian railway land, there was a quiet sense of relief on both sides. But for none more so than among the backers of Iskandar469 words
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Article, Illustration955 2010-07-29 21 G VENKATRAGHAVAN - In a shift of attitude, they say it’s the most important leadership competency for a successful enterprise of the future By G VENKATRAGHAVAN The writer is managing partner, IBM Global Business Services in Singapore “WE are entering an era of ten to twenty yearsREUTERS - 955 words
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Article, Illustration958 2010-07-29 21 LEON HADAR - LEON HADAR Washington Correspondent BUSH administration-era tax cuts which were enacted 10 years ago are set to expire at the end of the year. US Treasury Secretary Tim Geithner’s suggestion during a recent interview on ABC’s This Week show that letting the 2001AFP - 958 words
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Article255 2010-07-29 21 IN Axiata Group, one of the largest Asian telecommunication companies with operations in 10 countries, creativity starts at the top. Axiata’s vision is to be a regional champion by 2015, by piecing together the best throughout the region in affordable connectivity, innovative technology and developing talent,255 words
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AVIATION
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360 2010-07-29 22 VEN SREENIVASAN - Rebound faster than expected but with sharp regional differences: Iata By VEN SREENIVASAN [SINGAPORE] THE aviation industry continues to bounce back from the slump brought on by the global recession. The latest figures from the International Air Transport Association (Iata) show international360 words
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445 2010-07-29 22 United, Continental now racing to secure US approval AFP [BRUSSELS] Europe on Tuesday cleared a merger between US carriers United and Continental that will create the world’s biggest airline, with the companies now racing to secure US approval. The green light from Brussels competitionAFP - 445 words
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Article3046 2010-07-29 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 MU8213 1820 QF81 1820 Amsterdam SQ323 0605 AZ3993 0025 US5410 0605 KL8363,046 words
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242 2010-07-29 22 Reuters [SAO PAULO] Brazil’s airline industry is increasingly concerned that the country will not have adequate airport capacity for the 2014 soccer World Cup because of slow expansion and growing demand for travel. Ample credit and rising household income have caused a surgeReuters - 242 words
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Article, Illustration25 2010-07-29 2225 words
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539 2010-07-29 22 Airblue says Airbus jet had no known technical issues with others AP, AFP [ISLAMABAD] A passenger jet carrying 152 people crashed into the hills surrounding Pakistan’s capital amid rain and caught fire yesterday, killing all aboard. The Airbus 321 operated by private airlinewith others – AP, AFP - 539 words
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Page 22 Miscellaneous
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Miscellaneous338 2010-07-29 22 CRYPTIC CROSSWORD Across 1 Trailing after a nag? (5-5) 6 Business putting out English jazz (4) 10 Held cold part of body (5) 11 Asian cell forged partnerships (9) 12 Fools don’t expect honesty from the cleaner! (8) 13 Birds gosh! going over the Home Counties (5) 15 Model test338 words
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Page 23 Advertisements
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Advertisement27 2010-07-29 23 Shipping lines seeking reliable logistics partners Can they find your services here in the Shipping Times? O O 1327 THE BUSINESS TIMES int. UUJIIMCJJ IIIVILJ SHIPPING TIMES27 words
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SHIPPING
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4108 2010-07-29 23 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.4,108 words
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Article, Illustration480 2010-07-29 24 But it’s unsure if the rapid growth can continue through the end of the year AP [DUBAI] Dubai World’s global port operator said on Tuesday that business jumped 16 per cent in the first half of the year as theAP - 480 words
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577 2010-07-29 24 Group scrutinises safety at all plants after refinery fire Reuters [SINGAPORE] Taiwan’s Formosa Petrochemicals Corp will defer several export cargoes of gasoline and diesel from end-August and is in talks to delay several crude import parcels, after a fire forced the closure of itsReuters - 577 words
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352 2010-07-29 24 AP AFP [DUBAI] An explosion, possibly caused by an attack, yesterday damaged an oil tanker near the mouth of the Persian Gulf, Japanese shipping company Mitsui OSK Lines said. One crew member was injured and the ship was partly damaged but able toAP; AFP - 352 words
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314 2010-07-29 24 Bloomberg [LONDON] A surplus of supertankers competing to haul Middle East oil shrank for a second week as owners cut ship speeds and the flow of cargoes from the world’s biggest crude-load-ing region accelerated. There are 16 per cent more very largeBloomberg - 314 words
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Page 24 Advertisements
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Advertisement29 2010-07-29 24 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES29 words
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Advertisement15 2010-07-29 24 Experienced &h;p maintenance services wanted. Can they find your services here in the Shipping Times?15 words
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SINGAPORE STOCKS
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Article8999 2010-07-29 25 Transaction date: Jul 28 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 20 10.5 3148 8Telecom 18 unch 180 18.5 18 18 18.5 1.7 10.1 5.8 86.2 10 6 58348,999 words
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Article1879 2010-07-29 26 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 5 4.5 6 27.8 4.8 225 130 6222 t APStrategic 192 -8 45 195 160 1511,879 words
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Article9414 2010-07-29 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.16/ APS Alpha Fund (USD)!** 0.85/ AXA Life Secure Ascent 2020 Fund 0.9526/0.9526 AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.67/ Aberdeen Asset Mgt Asia Limited American Opp 0.6059/ Asian Credit Fund9,414 words
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Article782 2010-07-29 26 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 114 113.2 115 520.4 903 710 CIMBAsean40 100US$ US898 -5 43 898 898 898 903 35.9 306782 words
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Article82 2010-07-29 26 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 29.5 6000 AVJennings A43 unch 8 43 43 40.5 48 3.6 8.1 3.4 112 31 16 6017 Genting HK US$ US22.5 unch *****82 words
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FINANCE & COMMODITIES
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374 2010-07-29 27 In local curr In S$ In US$ dy yr dy yr dy yr Jul 27 Index Change Change Change Change Change Change World Index Preliminary 814.9 0.1 -2.1 -0.1 -6.2 0.1 -3.3 EAFE Preliminary 753.2 0.4 -4.0 0.3 -9.5 0.4 -6.7 Europe Preliminary 1102.9 0.6374 words
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Article180 2010-07-29 27 Jul 28 $S Offer Bid Overnight 3/16 1/8 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.14 US$ Offer Bid 7 days 0.40 0.30 1 month 0.60 0.40 2 months 0.65 0.45 3 months 0.70 0.50 6 months 0.90 0.70 9 months 1.10 0.90 12180 words
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Article22 2010-07-29 27 Jul 28 S$ Bid Offer 1-month 1.3649 1.3652 2-months 1.3647 1.3651 3-months 1.3646 1.3649 6-months 1.3640 1.3643 Source: OCBC22 words
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Article132 2010-07-29 27 Jul 28 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2180 1.2550 Can dollar 1.3090 1.3250 Euro 1.7600 1.7790 NZ dollar 0.9890 1.0100 Sterling pound 2.1110 2.1360 US dollar 1.3560 1.3720 Local dollars to 100 units of foreign132 words
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Article27 2010-07-29 27 Jul 28 Open High Sett STI Jul 2985 SIMSCI Jul 353.0 355.2 353.4 Taiwan Jul 275.4 277.5 277.2 Source: MF Global (S) Pte. Ltd27 words
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Article66 2010-07-29 27 Jul 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 10 2547 2571 2572 2546 495 4828 Sep 10 2505 2528 2530 2500 1388 ***** Oct 10 2471 2495 2502 2470 6515 ***** Nov 10 2472 248766 words
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Article427 2010-07-29 27 Jul 28 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.5650 0 1849 Dec10 99.5150 0 1431 Mar11 99.4150 0 2247 Jun11 99.2750 0 1781 EUROYEN TIBOR FUTURES Sep10 99.6500 99.6550 99.6500 99.6550 0 3460 Dec10 99.6875 0 1522 Mar11 99.7000 0 1961 Jun11 99.6950 99.6950427 words
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Article150 2010-07-29 27 Jul 28 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 10 322.5 320.0 322.0 108 Sep 10 314.5 314.5 314.5 4 Oct 10 305.0 Nov 10 304.0 Dec 10 304.9 303.0 304.9 14 Jan 11 303.0 303.0 303.0150 words
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Article92 2010-07-29 27 Jul 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 28.10.2010 0.28 0.22 0.22 1-Year BY*****W 03.05.2011 0.32 0.28 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.50 104.53 104.53 5-Year N*****0N 1.37592 words
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Article105 2010-07-29 27 Jul 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 10 998.00 998.25 1005.00 994.50 Sep 10 973.00 974.75 981.00 970.25 Nov 10 965.50 966.00 973.25 962.25 Jan 11 974.50 unch 981.25 971.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug 10 38.56 38.80 38.92105 words
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Article77 2010-07-29 27 CRUDE OIL PRODUCTS Jul 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 75.94 -1.70 WTI (Near Mth) 77.57 -1.38 Dubai (1-Mth F) 75.13 0.43 Tapis blend 81.50 0.15 Minas 78.25 0.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 70.16 -0.17 Jet Kerosene 87.90 -0.37 US$/barrel Opec Oil77 words
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2501 2010-07-29 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 6221 Asia-Pacific Strategic W*****6 40 1 150 -1 4.80 46 6227 ASJ Hldgs W*****1 4 1 4 14 1.75 19 2036 Advance SCT Ltd W*****9 0.5 1 87 28172,501 words
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Article465 2010-07-29 27 Jul 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.922 6.054 0.687 6.936 41.687 80.455 0.786 10.581 2.851 1.224 76.423 40.986 1.219 6.558 0.948 28.601 28.811 0.573 0.893 Canada 1.085 6.568465 words
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Article85 2010-07-29 27 Jul 28 (US$) (S$) 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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article139 2010-07-29 27 Jul 28 GOLD (US$/oz) Jul 28 Jul 27 Hong Kong 1164.90 1184.90 Jul 27 Jul 26 London 1162.85 1181.40 1163.85 1182.15 Source: Thomson Reuters CAST BAR Jul 28 (S$) Selling Buying Kilobar 54,969.11 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 123.05 51 5gm 349.89 256 10gm 624.88139 words
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Article69 2010-07-29 27 Jul 27 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2035.25 2035.50 3 months 2056.00 2056.00 Copper, Grade A (US$/tonne) Cash 7034.25 7126.00 3 months 7059.00 7149.00 Lead (US$/tonne) Cash 1954.00 1993.50 3 months 1977.00 2015.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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Article154 2010-07-29 27 Jul 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2185 1.2195 0.8927 0.8932 Canadian dollar 1.3219 1.3231 0.9684 0.9691 Euro 1.7734 1.7741 1.2992 1.2994 NZ dollar 0.9954 0.9964 0.7292 0.7298 Sterling pound 2.1253 2.1260 1.5570 1.5572154 words
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Article82 2010-07-29 27 Jul 27 COCOA (£/tonne) Close Prev High/Low Sep 10 2280 2279 2298/2240 Dec 10 2170 2168 2185/2142 Mar 11 2143 2144 2158/2115 May 11 2148 2149 2158/2119 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1691 1703 1695/1687 Sep 10 1699 1723 1724/1693 Nov 10 1715 1738 1736/1710 Jan 1182 words
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BizIT
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Article, Illustration648 2010-07-29 28 RAJU CHELLAM - The Nasdaq-listed company has invested US$80m in the first two phases of its second data centre in Singapore, writes RAJU CHELLAM RAJU CHELLAM THE world’s largest carrier-neu-tral data centre (DC) company, Equinix Inc, plans to spend a further US$43 million in Singapore648 words
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Article, Illustration427 2010-07-29 28 AP [TOKYO] The problem of what to watch on a 3-D TV will be yours to solve with Panasonic’s camcorder for families to film birthdays, baby’s first walk and weddings, all in 3-D. Numerous global electronics companies are racing 3-DAP; AFP - 427 words
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Article370 2010-07-29 28 RAJU CHELLAM - It offers storage of older data that will cut costs for firms By RAJU CHELLAM JAPANESE giant Hitachi’s subsidiary HDS (Hitachi Data Systems) has announced a tie-up with US-based Di-gi-Data Corp that will allow companies to store their older or lower-value file data in370 words
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572 2010-07-29 28 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY A SIGNIFICANT number of Singaporean phone users are open to the idea of using their phones for mobile banking, paying utility bills and surfing the Internet. A survey, conducted by mobile services provider Sybase 365, shows that on a weekly572 words
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369 2010-07-29 28 VICTORIA HO - By VICTORIA HO In a first for IBM in the Asean region, an agreement has been signed between the tech giant and Republic Polytechnic (RP) to offer a professional programme to certify mainframe systems engineers at a tertiary level. This has369 words
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Page 28 Advertisements
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Advertisement100 2010-07-29 28 Lead. Innovate. Excel. Technology Fast500 Asia Pacific 2010 Nominations are now open until August 15, 2010 To find out more about Fast500, visit http://www.deloitte.com/fast500asiapac or email enquiries@deloitte.' Or, you can do an online nomination at https://www.dexsurvey.deloitte.com/?XID=2436 X C O JD f > V Deloitte. Deloitte refers to one or more100 words
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PROPERTY
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402 2010-07-29 29 Pick-up in building sales, leasing boost commercial services firms’ earnings Reuters [NEW YORK] Two of the world’s largest commercial real estate services firms reported sharply improved earnings on Tuesday, fuelled chiefly by a pick-up in building sales and leasing, particularly in the UnitedReuters - 402 words
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781 2010-07-29 29 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED People's Park Cplx Apt 06/07/2010 99 1119 813 726 District 3 NON-LANDED The781 words
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Article, Illustration318 2010-07-29 29 Bloomberg [DUBAI] Office rents in Dubai dropped by as much as 17 per cent in the second quarter as new supply put pressure on landlords, CB Richard Ellis Group Inc (CBRE) said. About 240,000 square metres of commercial space became available in areasBloomberg; BLOOMBERG - 318 words
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751 2010-07-29 29 Bloomberg [MADRID] Greek island homes, long coveted by millionaires and Hollywood stars such as Tom Hanks, are being marked down by as much as 45 per cent as the country’s debt crisis destroys demand for holiday getaways. A half-built villaBloomberg - 751 words
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Article, Illustration913 2010-07-29 30 But Q2 consensus as indicated by net balances weaker than in Q1 poll By KALPANA RASHIWALA MORE respondents polled for Real Estate Developers’ Association of Singapore’s (Redas’s) and NUS Department of Real Estate’s (DRE’s) Q2 2010 survey were still positive rather than negativeSource: Real Estate Sentiment Index Survey - 913 words
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194 2010-07-29 30 THE Housing and Development Board has cracked down on unauthorised sub-letting. Almost four times as many checks were carried out in the first five months of this year 2,600, versus 690 between August and December 2009. About 70 per cent of the 2,600194 words
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Article212 2010-07-29 30 MORE than 75 per cent of the Hong Leong group’s latest residential project, The Scala, has been sold at prices averaging $1,150 per square foot. The 468-unit development in Serangoon Avenue 3 was publicly launched yesterday. Hong Leong said yesterday that the units212 words
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Article, Illustration269 2010-07-29 30 Bloomberg [SHANGHAI] The city’s Peace Hotel, which once accommodated Charlie Chaplin and other celebrities, opened to guests yesterday after three years of restoration, the managers said in a statement. Fairmont Peace Hotel will be managed by Chinese hotelier Shanghai Jin Jiang International Hotels (Group)Bloomberg; AFP - 269 words
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Article, Illustration976 2010-07-29 31 Auction atmosphere not as good as expected, with no aggressive bidding Bloomberg [HONG KONG] Nan Fung Development Ltd and Wharf (Holdings) Ltd bid HK$ 10.4 billion (S$ 1.85 billion) for a building site in Hong Kong’s Peak district yesterday at an auction thatBloomberg; BLOOMBERG - 976 words
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Article, Illustration550 2010-07-29 31 Bloomberg [HONG KONG] Hang Lung Properties Ltd, the best performer in the Hang Seng Property Index this year, said full-year profit excluding gains from revaluations more than doubled after it sold more apartments in Hong Kong. Net income excluding revaluation gains andBloomberg - 550 words
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Page 29 Advertisements
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Advertisement37 2010-07-29 29 To maximize returns on your properties, please call Savills Residential Leasing at 6536 5022/6415 3636. Savills has more than 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world. savills savills.com37 words
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Page 30 Advertisements
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Advertisement24 2010-07-29 30 OPEN HOUSE Breathtaking Sea View Fascinating City Skyline Date 31 July 1 August (Sat Sun) Time 12 pm to 5 pm Residential 9847 131124 words
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Advertisement153 2010-07-29 30 Novena Site for High Rise Condo B Dist. 11, Pastoral View adjoining site Land 51,395 sf; GPR 2.8 36-sty; FH Approx.400mtoNovenaMRT,NovenaSq A Subject Site huiling@credo.com.sg hongboon@credo.com.sg karamjit@credo.com.sg Within1kmof SJIJr, 2kmofACSJr&Pri Potential for 140 apts of average 1,000 sf 6227 6066,Tender Closing on23 Aug 2010(Mon), 2.30pm Tender Closing on L a153 words
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Advertisement177 2010-07-29 30 MARINA BAY Residen As good as "The Bund Shanghai" As reported in The Straits Times 19th July 2010 y Vibrant Waterfront S3/4-bdrms/Penthouses Living Very High Floor, Stack 10&01 y Full Bay/Sea View! W From $4000 psf to $4888 psf All Are Welcome! Call/SMS 9698 8888 HSR '7/ Strata Bungalows Free177 words
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Advertisement74 2010-07-29 30 BULK SALE: Up to 40% DISCOUNT D.09 PRIME FREEHOLD RESIDENTIAL SPACIOUS 3 4 BDRMS NEARBY SCOTTS ORCHARD ROAD TOP Soon COMMERCIAL BUILDINGS FOR SALE CBD FREEHOLD ROBINSON RD. RAFFLES PLACE NEXT TO MRT NEW RETAIL MALL NEAR REDHILL MRT CORPORATE BLDG k International Property Group Pte Ltd Site Area: 10,000sf74 words
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Page 31 Advertisements
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Advertisement209 2010-07-29 31 RARE DALVEY ROAD RESIDENTIAL REDEVELOPMENT SITE PROPOSEDS LT PROPERTY HOTEL JIRLS Prominent corner location; Dalvey and Stevens Road Regular shaped site, area approximately 55,480 sq ft Potential Gross Floor Area of 49,071 sq ft Ideal for super exclusive luxurious development Quiet and tranquil surroundings overlooking mature greenery No development charge209 words
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Advertisement158 2010-07-29 31 8 Nassim Hill Townhouses Penthouses Lift to every floor Freehold. Foreigners eligible Good investment value Immediate occupation Private ionize pool lawn 4 5 ensuite bedrooms Size 3218 sq ft 5759 sq ft Viewing by appointment only. Residential 9847 1311 RESIDENCES Exclusively Yours s s K fV/) v, V A RARE158 words
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Advertisement69 2010-07-29 31 Cove Drive *****/ ***** sqft. Full seaview berth. Wide frontage. Top quality. Cove Drive *****/***** sqft. Full seaview. 40M frontage. 30M Pool. Park 8 cars. Cove Grove *****/ ***** sqft. Unblocked seaview with Pte Berth. Rare. •Treasure Island *****/***** sqft. Best of the best quality. •Ocean Front Super Penthouse. 809569 words
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Page 32 Advertisements
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Advertisement66 2010-07-29 32 THE TRUNK-MAKER AND THE "S" LOCK The beauty of rivets hammered home at regular intervals by a hand as precise as a metronome. The deft cutting of a Monogram border for hinges and locks. The motions that create a trunk today are the same as those of the past. Marvel66 words
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