The Business Times, 11 August 2011
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2011-08-11
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The Business Times
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Title Section23 2011-08-11 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sf£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, August 11,23 words
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Article, Illustration672 2011-08-11 1 EMILYN YAP - By EMILYN YAP [SINGAPORE] The popularity of Singapore government bonds has surged in recent weeks as investors seek refuge in safe havens, while playing on the appreciating Singapore dollar. The signs? Bond yields have fallen to record lows almost across theSource: S’pore Government Securities - 672 words
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Article, Illustration969 2011-08-11 1 TEH SHI NING - MTI expects growth to hold up for now, but private sector economists downgrade their forecasts By TEH SHI NING [SINGAPORE] A modest pick-up in economic growth is now Singapore’s key scenario in the second half, with support from pharmaceuticals, financial services, tourism-linked969 words
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Article144 2011-08-11 1 HST INDEX 2,821.09 (-62.91) H ST INDEX FUTURES 2,810 (-59) H SIMSCI 324.44 (-8.36) H SIMSCI FUTURES 324.80 (-8.70) FOREX US$ S$ US$ (S$ per US$) 1.210 (US$/S$ per 1.626 1.967 EURO (US$/S$/E) 1.438 1.739 Foreign currency per US$ S$ YEN 76.70 63.40 RM 3.003 2.482 HK$ 7.805144 words
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Page 1 Advertisements
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Advertisement13 2011-08-11 1 MARKETS S’pore stocks play ‘catch down’ as rest of Asia rises PAGE 213 words
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Advertisement139 2011-08-11 1 PROPERTY A special focus on the luxury residential sector PAGES 28-31 THERE ARE STORIES THAT DESERVE TO BE CAPTURED FOREVER. Whether it’s a transatlantic crossing on a sailboat with friends, or the birth of a child, there are precious, life-changing moments that deserve to be recorded forever.What will be yours?139 words
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Advertisement12 2011-08-11 1 BizIT Insurers in the region to boost IT budgets: survey PAGE 2712 words
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TOP STORIES
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Article, Illustration801 2011-08-11 2 LYNN KAN - It’s payback time here after N-Day closure; Fed move euphoria fizzling out By LYNN KAN [SINGAPORE] The National Day market closure, which had shielded Singapore from the hammering that other markets took, had the opposite effect yesterday. While other AsianXINHUA - 801 words
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Article421 2011-08-11 2 Rising risks threaten hopes of pick-up in H2 A MODEST pick-up in economic growth is now Singapore’s key scenario in the second half, with support from pharmaceuticals, financial services, tourism-linked sectors and firm growth in emerging Asia. But if heightened risks from the US and EU materialise, Singapore’s421 words
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497 2011-08-11 2 RONNIE LIM - By RONNIE LIM [SINGAPORE] The swift plunge in oil prices to below US$100 a barrel in the last 10 days following the bloodbath in global financial markets has led to losses for many oil traders who mostly hold “long” positions, industry players here497 words
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516 2011-08-11 2 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE] Tiger Airways Australia will take to the air again tomorrow after a six-week suspension, but will operate a much scaled-down network. Australia’s Civil Aviation Safety Authority (CASA) has allowed Tiger Australia to resume services, but restricted it516 words
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544 2011-08-11 2 PAULINE NG - By PAULINE NG in Kuala Lumpur INVESTORS yesterday reacted to a proposed collaboration between Malaysia’s two carriers AirAsia and Malaysia Airlines (MAS) by dumping shares of the former but snapping up the latter on expectations that it would see greater immediate benefit. AirAsia544 words
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Article, Illustration603 2011-08-11 4 CHUANG PECK MING - With Q2 exports up just 2.1%, IE S’pore sees downside risks clouding H2 outlook By CHUANG PECK MING [SINGAPORE] With disappointing exports in the recent quarter and dark economic clouds looming ahead, Singapore’s 2011 growth forecast for key non-oil domestic exportsSource: IES; Source: MTI - 603 words
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Article318 2011-08-11 4 [SINGAPORE] There has been no material impact on Singapore markets, nor on its reserves holdings, from Standard Poor’s (S&P) downgrade of the United States’ long-term sovereign credit rating over the weekend, says the Monetary Authority of Singapore (MAS). “Our markets have functioned normally, our price318 words
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478 2011-08-11 4 Reuters [SEOUL] Apple Inc has scored a big victory in its patent infringement battle against Samsung Electronics after a German court temporarily barred the Korean firm from selling its flagship Galaxy tablet in the European Union except the Netherlands. The court order yesterdayReuters - 478 words
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Article, Illustration477 2011-08-11 4 Bloomberg [LONDON] Britain’s Prime Minister David Cameron said his government had started a “fightback” against rioters, with water cannons on standby and courts sitting through the night, as unrest, quelled in London by a surge of police, spread across England. Mr CameronBloomberg - 477 words
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Advertisement52 2011-08-11 2 Lifestyle Theatre System Designed By Ong Radio Live the Ultimate.™ Ultra-Luxe Music Systems I Elite Private Theatres Multizone Music Movie I Lifestyle Theatre Systems OngRadio Control Systems ONG RADIO Est 1937 176 Orchard Road, The Centerpoint #03-41 Tel *****138 I www.ongradio.com Mcintosh Focal Theta ADA Sonance Opera SIM2 Cineversum dnp52 words
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Advertisement20 2011-08-11 2 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements J WAT3 NOTICES 3| o20 words
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Advertisement306 2011-08-11 3 All the glamour and sophistication of Orchard Road awaits you at Boulevard Vue. This limited collection of 28 bespoke residences offers stunning architecture set in the most exclusive surroundings. Each exquisite residence is a testament to meticulous craftsmanship and attention to detail. The total flexibility of a white plan offers306 words
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Advertisement339 2011-08-11 4 SINGAPORE'S ***** |.T CONSUMER TECHNOLOGY EXHIBITION www.comexshow.com.sg Join us at facebook k COMING SOON 1 st 4 ,h September LEVELS Q, 0 0 0 SUNTEC SINGAPORE Km HBSE m 1 4 September. Level 2, Meeting Rooms 208-209 .1EX L Smart Digital Empowerment Join us at PlayTestOComex to better understand technologies339 words
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Advertisement1315 2011-08-11 5 Advertising Feature Invest in the future of healthcare As the prime Novena precinct takes shape as Singapore's top healthcare hub, medical professionals are rapidly flocking to establish a foothold in the area. Billions of dollars are being poured into developing state-of-the-art facilities in Novena, solidifying its reputation as the strongest1,315 words
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COMPANY NEWS
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794 2011-08-11 6 MICHELLE TAN - Recent contract wins likely to have only a ‘muted near-term impact’ on sector By MICHELLE TAN OFFSHORE and marine (O&M) stocks have fallen prey to heavy selling as institutional and retail investors take flight for safety amid worries of a doubledip recession and the794 words
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270 2011-08-11 6 NISHA RAMCHANDANI - Annuity Re wants Kingboard, others to buy out its stake By NISHA RAMCHANDANI KINGBOARD Copper Foil Holdings (KCF) said a petition made to the Supreme Court of Bermuda by shareholder Annuity Re Life has been served on the company. Annuity Re is a subsidiary of Pope270 words
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396 2011-08-11 6 MICHELLE TAN - Change in product mix and higher expenses cited By MICHELLE TAN YANLORD Land Group posted a 47.5 per cent drop in net profit attributable to eq-uity-holders for the first half ended June 30 to 308.7 million yuan, on the back of396 words
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Article, Illustration513 2011-08-11 6 MICHELLE YEO - By MICHELLE YEO KOH Poh Tiong, known in beer circles as “Mr Tiger”, is retiring as CEO of Fraser and Neave’s food beverage (F&B) business. His retirement on Sept 30 comes after 26 years of service in the F&N Group first in Asia Pacific513 words
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275 2011-08-11 6 WINSTON CHAI - By WINSTON CHAI SINGAPORE Telecommunications’ mobile subscriber base grew 19 per cent from a year ago to hit 416 million at the end of the second quarter this year. This was on the back of major gains at key regional associates Bharti Airtel275 words
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Article, Illustration538 2011-08-11 8 FELDA CHAY - Its fishing division has posted a 5% increase in Q3 profit to US$37.4m Reports by FELDA CHAY FISHING group Pacific Andes Resources Development saw a 17 per cent climb in third-quarter net profit from a year ago on higher sales from its fishing operations,FILE PHOTO - 538 words
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Article, Illustration457 2011-08-11 8 PACIFIC Andes is sticking to its plan of issuing Taiwan Depository Receipts (TDRs) by the end of this year, though that can change if global markets continue to perform poorly and market sentiment remains shaky, said chairman Ng Joo Siang. The company,457 words
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425 2011-08-11 8 LYNN KAN - Ezion share plunge seen as buying opportunity By LYNN KAN LIQUEFIED natural gas (LNG) development in Australia will likely benefit Sin-gapore-listed offshore service providers like Ezion Holdings, said DnB Nor’s head of securities research Asia, Kay Lim. Ezion said on Aug 8425 words
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289 2011-08-11 8 NISHA RAMCHANDANI - By NISHA RAMCHANDANI WITH an eye on future growth, Singapore Airlines (SIA) is ordering eight more Boeing 777-300 ER aircraft, to be deployed on medium and long-haul routes. Delivery of the aircraft which collectively cost US$2.3 billion at list price will begin289 words
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517 2011-08-11 8 Reuters [TOKYO] Dai-ichi Life Insurance believes the slide in global stocks is overdone and will rebuild its weightings in equities once markets stabilise, while staying underweight in foreign bonds, a senior fund manager at Japan’s No 2 life insurer said. Michiharu Maeda,Reuters - 517 words
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Article, Illustration406 2011-08-11 12 DICKSON LI - Company says the decrease is due to rising raw material and production costs By DICKSON LI LEATHER tanner and sofa manufacturer HTL International Holdings posted a net profit of $864,000 for the three months ended 30 June, down 88.9 per cent from406 words
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Article467 2011-08-11 12 6-month and Q2 results ended June 2011 6 months ended June 2011 3 months ended June 2011 NET PROFIT (S$M) TURNOVER (S$M) COMPANY CURRENT PREVIOUS CHG CURRENT PREVIOUS CHG Haw Par Corp 53.86 54.90 -1.9 64.92 64.60 0.5 47.29 47.61 -0.7 31.65 34.50 -8.3 YHS 20.64 9.90467 words
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COMPANY BRIEFS
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94 2011-08-11 12 MIDAS Holding said its aluminium alloy division, Jilin Midas Aluminium Industries Co Ltd, has secured two contracts worth a combined 95 million yuan (S$18 million) from CSR Zhuzhou Electric Locomotive Co Ltd. The first contract worth 33 million yuan is to supply 12094 words
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97 2011-08-11 12 KEPPEL Telecommunications Transportation Ltd (Keppel T&T) said its subsidiary, Keppel Logistics Pte Ltd, has completed the acquisition of the other 50 per cent stake in Transware Distribution Services Pte Ltd (TDS) from MISC Integrated Logistics Sdn Bhd (MILS) for $17.85 million. Adjacent to97 words
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53 2011-08-11 12 THE Singapore Mercantile Exchange will launch its iron ore futures contract tomorrow, its interim chief executive Vaidyalingam Hariharan said. The iron ore futures contract will be cash-settled against Metal Bulletin’s iron ore index and will have a size of 100 tonnes per lot,53 words
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82 2011-08-11 12 HAW PAR Corporation reported that its second quarter 2011 net profit slipped 0.7 per cent from a year ago to $47.29 million. Revenue fell 8.3 per cent to $31.65 million due to lower sales at its healthcare division. It said escalating costs82 words
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45 2011-08-11 12 BOUSTEAD Singapore’s energy-related engineering division has secured contracts worth $22 million. They involve design and construction of large-scale process systems and waste heat recovery units for downstream oil refineries and gas processing plants in Australia, Canada and the United Kingdom.45 words
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234 2011-08-11 12 WINSTON CHAI - By WINSTON CHAI BUKIT Sembawang kicked off its new financial year on a high note with its net profit for the first quarter ended June 30 soaring to $44.4 million, 3.5 times that of $12.5 million for the yearago period. The property developer234 words
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340 2011-08-11 12 FELDA CHAY - By FELDA CHAY WAREHOUSE operator Global Logistic Properties (GLP) yesterday said that it has leased out 75,000 sq m of space to Taobao Mall, a Chinese-language shopping website that is operated by the Alibaba Group. GLP said that340 words
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635 2011-08-11 12 Bloomberg THE number of Asian hedge fund startups fell 38 per cent in the first half of the year as investors turned to larger funds amid volatile markets, according to Eurekahedge. There were 60 new Asian hedge funds set up in theBloomberg - 635 words
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Advertisement230 2011-08-11 6 fi SAA GLOBAL EDUCATION SAA Global Education, the training arm of ICPAS now offers the Master of Business Administration from the University of Newcastle, one of Australia's top research universities and premier business schools in the Asia Pacific region. Master success and be recognised globally with SAA-GE. Advanced Standings for230 words
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Advertisement83 2011-08-11 7 Why cut corners when you can conquer them. Luxury has progressed. Get ready to change the game. The all-new Audi A6 combines lightweight engineering and quattro® to handle any situation. Power is distributed to all four wheels through a sports differential giving you unrivalled traction and performance. So you don’t83 words
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Advertisement861 2011-08-11 8 \%":?|$*+`*\$@;!(".>@!/.."`"^&- SAPPHIRE CORPORATION LIMITED (Registration No. *****2465W) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Sapphire Corporation Limited (the “Company”) will be held at 123 Genting Lane, #07-01 Yenom Industrial Building, Singapore *****4 on 26 August 2011861 words
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Advertisement14 2011-08-11 8 www.omy.sg TJ™ n a N p.- #!>?□ 331\J sg omy yzone T» rf <* B1A4 showbiz.omy.sg14 words
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Advertisement193 2011-08-11 9 THE JVA.SSIM id-J < JT Wim i W%M Si ms i/. m v il m JSjm te ;> i a A us m i 2+ m j. 4 v. ?Ti ,.,1 dk 5% SPI' If' m n Yi .'%'■> L+. w>r iu wl WHEN A WATCH DOESN'T JUST TELL THE193 words
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SINGAPORE MARKETS
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Article, Illustration587 2011-08-11 10 VEN SREENIVASAN - Other regional bourses bounce back but STI slips on forced selling and margin calls STOCKS VEN SREENIVASAN Senior Correspondent FRAYED nerves and uncertainty ruled the day as Singapore was a lone loser on a day when other Asian bourses bounced back following a recoverySource: Bloomberg - 587 words
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Article186 2011-08-11 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 13 1 0 0 0 2 13 1 Manufacturing 32 111 27 6 11 8 38 122 35 Commerce 12 41 13 3 8 1 15 49 14 Tpt/Stor/Comms 4 32 10186 words
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Article123 2011-08-11 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 74,859 74,859 299,004 299,004 Manufacturing 365,071 31,680 396,751 455,673 870 456,544 Commerce 157,220 15,123 172,343 243,942 1,333 245,275 Tpt/Stor/Comms 370,577 6,352 376,929 595,625 782 596,407 Finance 63,442 318 63,760 655,003 61 655,064 Construction 87,997 132,123123 words
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Article113 2011-08-11 10 Stock name Close Change CapMallsAsia 1.240 +0.005 CapitaLand 2.490 -0.050 CapitaMall 1.730 -0.040 CityDev 10.050 +0.080 ComfortDelGro 1.275 -0.040 DBS Grp 13.730 -0.210 F&N 5.440 -0.030 GLP 1.800 -0.090 Genting SP 1.685 -0.015 Golden Agri 0.625 -0.015 HK Land 5.840 -0.360 JMH 52.700 +1.400 JSH 29.900113 words
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Article63 2011-08-11 10 Aug 10 VALUE CLOSE BT OB/OS -1826.00-433.00 BT CADI -*****.00-302.00 BT 10-day MA -*****.00-183.00 FTSE ST Mid Cap 653.63 -14.91 FTSE ST Small Cap 446.72 -12.46 FTSE ST All Share 683.95 -15.53 FTSE ST China Top 211.64 -8.07 FTSE ST China 246.84 -11.64 FTSE ST Catalist 855.2763 words
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Article57 2011-08-11 10 VOLUME Golden Agri 212,209,000 Genting SP 173,531,000 TopGlobal 123,672,000 HSI*****MBeCW*****9 78,395,000 SingTel 74,842,000 Cosco Corp 65,214,000 Noble Grp 63,174,000 EuNetworks 47,550,000 HPH Trust US$ 45,507,000 CapitaLand 43,775,000 VALUE($) Genting SP 299,825,260 DBS Grp 261,736,320 Keppel Corp 223,175,170 SingTel 222,851,600 UOB 165,886,250 OCBC Bk 159,139,000 Golden Agri 136,807,01057 words
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BROKERS’ TAKE
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Article, Illustration404 2011-08-11 10 Singapore strategy DMG Partners Research, Aug 10 ON Aug 5, Standard Poor’s downgraded the United States’ credit rating to AA+ as the deal to cut spending and boost the debt ceiling fell short of what S&P feels would be necessary to stabilise the government’s medium-term debt dynamics.Source: Bloomberg - 404 words
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Article410 2011-08-11 10 CONRAD TAN - Compiled by CONRAD TAN DBS Group Research, Aug 10 ALTHOUGH Singapore is no longer emerging, the nation continues to reinvent itself and its GDP growth rate of 6 per cent is higher than most developed countries and on par with Asean’s budding economies, which are also projected to410 words
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Article136 2011-08-11 10 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,136 words
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Article, Illustration554 2011-08-11 10 CURRENCIES Reuters [LONDON] The US dollar fell yesterday after the US Federal Reserve’s pledge to keep rates near zero for two years, while the Swiss franc staged only a limited fall after more official steps to try to stem its rapid ascent to recordReuters; REUTERS - 554 words
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Article113 2011-08-11 10 BY CENTS CLOSE UP DBXT iBoxxSvEu 5US$ ***** 628.9 2.2 GLD 10US$ ***** 626.5 3.1 DBXT MSINDO 10us$ 1846 331.4 17.4 DBXT USDIGInfl 5US$ ***** 286.6 0.9 JMH 5270 169.3 2.7 DBXT SPASX200 10US$ 3101 85.9 2.3 DBXT MSEurope 10US$ 4266 41.1 0.8 JSH 2990 36.3 1.0 Asia Pac113 words
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Article119 2011-08-11 10 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 5235-332.6 -5.0 IS S&P500 *****-135.5 -0.9 Lyxor MS India 10US$ 1485-134.2 -7.0 DBXT FTVietnam 10US$ 2427-120.9 -4.0 DBXT E50 10US$ 3689-119.7 -2.6 DBXT FTChina25 10US$ 2705-119.7 -3.5 Lyxor US DJIA 10 US$ 1138-116.1 -7.8 DBXT MSAsExJp 10US$ 2985-108.8 -2.9 Kep Corp.ES.1108 926-101.0119 words
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Advertisement68 2011-08-11 11 www.vw.com.sg Zero road tax for the next 10 years. i Polo Golf Touran Scirocco Passat Passat CC t^_ Caddy Transporter To enjoy this offer, test drive at Volkswagen Centre Singapore today. Hurry, offer ends 16 August. T k k Volkswagen. Das Auto. Volkswagen Centre Singapore, 26 Leng Kee Road and68 words
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Advertisement44 2011-08-11 12 SINGAPORE'S PREMIER HOME-GROWN CAR MAGAZINE i I. F1 INFIGHTING EPICS m NEVY BENTLEY CONTINENTAL CT EXTREME LUXURY/ 'NDING PERFORMANCE TORQUE ON THE MOVE IS HAPPENING ON AUGUST 20. SIGN UP FOR THIS EXCITING MOTORING TELEMATCH TODAY! MORE DETAILS AT WWW.TORQUE.COM.SG Join us on www.facebook.com/torque.singapore44 words
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SINGAPORE NEWS
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Article, Illustration830 2011-08-11 13 GRACE LEONG - Parties in lawsuit over celebrity nightclubs file their papers last week By GRACE LEONG JUST two months after the operator of Ku De Ta at Marina Bay Sands was sued in December over rights to its name, its CEO Chris Au was accused of tryingFILE PHOTO - 830 words
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166 2011-08-11 13 A FIRE that broke out in the Afro Asia Building in the Robinson Road central business district yesterday has claimed one life. A spokesman from the Singapore Civil Defence Force (SCDF) confirmed that a body was found, believed to be that of166 words
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334 2011-08-11 13 MINDY TAN - By MINDY TAN FORTIS Healthcare International has entered into a US$64 million agreement to acquire a 65 per cent stake in Vietnam-based Hoan My Medical Corporation (HMMC), the group announced yesterday. Fortis Healthcare International is the Singaporebased company held by brothers Malvinder334 words
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PRESIDENTIAL ELECTION 2011
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Article, Illustration437 2011-08-11 13 LEE U-WEN - Don’t try to make presidency separate power centre Reports by LEE U-WEN ALL the candidates taking part in this month’s presidential election should run for the office that exists not for the one they wish to have, said former deputy prime437 words
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Article, Illustration559 2011-08-11 13 PRESIDENTIAL hopeful Tan Kin Lian has mounted another stout defence of his accomplishments during his 30-year tenure as chief executive of NTUC Income. He said that his “most important contributions” during his time at the cooperative were providing insurance protection at lower559 words
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225 2011-08-11 13 THE police will be taking no further action against Tin Pei Ling and Nicole Seah for their respective Internet postings on cool-ing-off day during the last General Election, according to a police news release yesterday. Ms Tin, a People’s Action Party (PAP)225 words
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Advertisement209 2011-08-11 13 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TINCEL PROPERTIES (PRIVATE! LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION! (COMPANY REGISTRATION NO. *****1033M) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the final meeting of209 words
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ECONOMY WATCH
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Article, Illustration890 2011-08-11 14 Even as region fights rising prices, global market turmoil puts a damper on growth AP [SINGAPORE] Asian governments face a balancing act as they fight accelerating inflation while economic malaise in the US and turmoil in financial markets threaten to dim the region’sAP; BLOOMBERG - 890 words
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536 2011-08-11 14 Bloomberg [LONDON] The International Energy Agency (IEA) says threats to global economic recovery may cut oil demand growth for next year by more than 60 per cent, while keeping its underlying forecasts for this year and 2012 little changed. The Paris-based agency, whichBloomberg - 536 words
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Article, Illustration539 2011-08-11 14 He will meet ministers to discuss eurozone debt crisis AFP [PARIS] President Nicolas Sarkozy interrupted his vacation on the French Riviera yesterday to hold an emergency government meeting on the debt crisis rattling global markets. Mr Sarkozy, who was at the seaside homeAFP; AP - 539 words
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371 2011-08-11 14 Asean economies better-placed to face global uncertainties, says Vice-President Boediono AFP [MANADO, Indonesia] The United States and Europe are no longer the world’s economic growth engines, Indonesian Vice-President Boediono said yesterday at the start of a meeting of South-east Asian economic ministers.AFP - 371 words
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Advertisement65 2011-08-11 14 Asia Premier Property Consultants Pte Ltd Agency Licence No.: L*****42D For Sale By Private Treaty Prime GCB Bungalow Site 3 TANGLIN HILL c SUBJECT SITE I *0# Site Area: 34,579 sq. ft Freehold Tenure Double storey Mansion Ideal for Retrofitting Subdivisible into 2 Bungalows Excellent Accessibility Michael Lam 9099-5185 CEA65 words
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MALAYSIA/INDONESIA
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Article, Illustration556 2011-08-11 15 Reuters [JAKARTA] An increasingly uncertain economic outlook in the United States and Europe will have relatively little effect on Indonesia’s robust fundamentals, instead offering investors a good opportunity to buy equities in South-east Asia’s largest economy, a Schroders fund manager said. It’s a positionReuters; REUTERS - 556 words
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313 2011-08-11 15 Asian nations seek to lessen their reliance on the US Bloomberg [MANILA] Malaysia expects to conclude trade agreements with Turkey this year and with the European Union and Australia in 2012, International Trade and Industry Minister Mustapa Mohamed said yesterday.Bloomberg - 313 words
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418 2011-08-11 15 Production at factories, utilities and mines climbs a better-than expected 1% from a year earlier Bloomberg Bloomberg [SINGAPORE] Malaysia’s industrial production unexpectedly rose in June as manufacturers increased output, a gain that may ease as faltering growth in advanced economies hurts global demand. ProductionBloomberg - 418 words
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Advertisement86 2011-08-11 15 WINNER IG Markets H Investmentj[ Trends Trade EUR/USD from 1 pip and no re-quotes. Standard and mini contracts on the same tight spreads. Automatic rebates for high-voLume traders. Singapore's No. 1 forCFD Customer Satisfaction.* Start FX trading at igmarkets.com.sg or call 6390 5118 CFD trading can result in losses that86 words
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GREATER CHINA/INDIA
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594 2011-08-11 16 But analysts warn that it’s too soon to declare that Chinese exports can hold up Reuters analysts said. Reuters, EJ insight [BEIJING] China’s exports were surprisingly buoyant in July as shipments to top trade partner Europe jumped by the most in at leastReuters; analysts said. – Reuters, EJ insight - 594 words
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Article, Illustration571 2011-08-11 16 Reuters [BEIJING] China’s price rises may have peaked but the country still faces inflationary risks, including the possibility of a new round of monetary easing by the United States, China’s top economic planner said yesterday. Reiterating recent comments about China’s inflation, the National DevelopmentReuters; XINHUA - 571 words
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Article, Illustration399 2011-08-11 16 Exchange believes that’s the source of its technical problems Bloomberg [HONG KONG] Hong Kong Exchanges and Clearing Ltd’s website may have been the target of hackers, according to its chief executive officer Charles Li. That’s the exchange’s assessment on why its websiteBloomberg - 399 words
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522 2011-08-11 16 Bloomberg [NEW DELHI] Tata Power Co, developer of India’s first 4,000-megawatt plant, has asked the government to help recover potential project losses caused by the rising price of Indonesian coal, two people familiar with the matter say.Bloomberg - 522 words
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Article, Illustration611 2011-08-11 16 Meanwhile, sales in India have fallen 15.8% Reuters [BEIJING] Car sales in China climbed 6.7 per cent in July from a year earlier, extending a pattern of subdued growth in the world’s largest car market as the weak car selling season kicks in.Reuters; AFP - 611 words
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Advertisement52 2011-08-11 16 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY INDIA'S INDEPENDENCE DAY SPECIAL ON A HIGH India's high commissioner T.C.A. Raghavan talks to tabla! about his achievements so far and his plans for the future FLYING HIGH SilkAir CEO on airline's India plans GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE52 words
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WORLD
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625 2011-08-11 17 ANTHONY ROWLEY - Minister hints at intervention as last week’s move brings only brief respite By ANTHONY in ANTHONY ROWLEY in Tokyo THERE were signs yesterday that that Japanese authorities are preparing to intervene again in foreign exchange markets in order to stem the stubborn rise625 words
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573 2011-08-11 17 Philippines, China, India concerned capital inflows will toughen inflation fight Bloomberg [TAIPEI] Asian officials battling inflation pressures see “hot money” risks reviving as the US Federal Reserve said it will keep interest rates at record lows through mid-2013 and pledged additional measuresBloomberg - 573 words
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Article, Illustration483 2011-08-11 17 Central banking background will also help Thirachai Reuters [BANGKOK] With a central banking background and astrology as a hobby, Thirachai Phuvanatnaranubala could come in handy as finance minister for a new Thai government trying to satisfy demands at home while steering throughReuters - 483 words
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Article, Illustration741 2011-08-11 18 Some economists say pledge to hold low rates for 2 years limits FOMC options AFP [WASHINGTON] The Federal Reserve pledged on Tuesday to hold interest rates near zero for two more years to counter an economy facing increased risks of stalling.AFP - 741 words
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Article, Illustration576 2011-08-11 18 It wants to spur more private creditors to join in Reuters [ATHENS] Greece will extend the terms of its bond swap to include government debt maturing after 2020 in a bid to encourage more private creditors to take part, Finance Minister EvangelosReuters; BLOOMBERG - 576 words
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629 2011-08-11 18 Reuters [PARIS] President Nicolas Sarkozy yesterday ordered his finance and budget ministers to come up with new steps to prune the public deficit, after a US debt downgrade threw the spotlight on France’s strained finances. Mr Sarkozy also urged all political parties toReuters - 629 words
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296 2011-08-11 18 LATEST US DATA AP [WASHINGTON] US wholesale companies added more autos, machinery and computers to their stockpiles in June, pushing inventories up for the 18th consecutive month. Sales at the wholesale level rose 0.6 per cent in June, the Commerce department saidAP - 296 words
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469 2011-08-11 18 AP Bloomberg [LONDON] The Bank of England (BOE) has downgraded its UK growth forecast for 2011, blaming a deteriorating global economy. The central bank said yesterday in its quarterly inflation report that it now predicted growth of 1.4 per cent for BritainAP; Bloomberg - 469 words
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Page 17 Advertisements
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Advertisement179 2011-08-11 17 facebook facebook.com/kia.insider Enjoy $10,000 overtrade when you choose any of our award-winning Category B cars. At Kia, we have always nurtured champions. Hardly a surprise when every Kia has been designed, engineered and built to be extraordinary. The multiple accolades picked up by these outstanding vehicles worldwide may speak volumes,179 words
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Advertisement9 2011-08-11 18 Foreignbanks' cashless payment platform EPINSmay bearival forNETS NETS???EPINS Tosubscribe,call6388-3838orgotosphsubscription.com.sg9 words
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AVIATION
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Article, Illustration529 2011-08-11 19 It books HK$2.2b of fuel-hedging gains; passenger yields rise 12% Bloomberg [HONG KONG] Cathay Pacific Airways Ltd, Asia’s largest international carrier, posted better-than-expect-ed first-half earnings as hedging gains and surcharges eased the effect of higher fuel costs. Operating profit before non-recurring items tumbled 44Bloomberg - 529 words
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306 2011-08-11 19 Bloomberg [HONG KONG] Hong Kong airport’s proposed HK$136 billion (S$21 billion) third runway may cause the level of pollutant nitrogen dioxide in the facility’s vicinity to exceed the limit set by the city’s government, according to a study. Annual cumulative concentrations ofBloomberg - 306 words
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329 2011-08-11 19 Bloomberg [DALLAS] AMR Corp will proceed with the planned spin-off of American Eagle amid the turmoil in US markets, saying the move remains pivotal to the futures of the regional carrier and American Airlines. “Both companies believe this is strategic toBloomberg - 329 words
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Article, Illustration434 2011-08-11 19 It returns to the black with £18.5m pre-tax profit Reuters [LONDON] British airline Virgin Atlantic said that market conditions had become tougher in recent months due to higher fuel prices and weakening consumer confidence, with this week’s London riots and US market turmoil unlikelyReuters; AFP - 434 words
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Article, Illustration531 2011-08-11 19 WP Reuters [WASHINGTON] About 4,000 employees of the Federal Aviation Administration (FAA) would receive back pay for the two-week partial shutdown of the agency under a bill introduced in the House on Tuesday. Restoration of the lost pay had been expected, but itWP; Reuters; AFP - 531 words
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Page 19 Miscellaneous
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Miscellaneous316 2011-08-11 19 CRYPTIC CROSSWORD Across 1 Escape from church in warm coat(6) 4 Support party, returning after journey (6) 8 Contrivance for manipulating the enemy in SF? (4,4) 10 Healing group led by copper (6) 11 Nimble son to act as snooper (4) 12 Let’s aspire to play historical instruments (10) 13316 words
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Page 20 Advertisements
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Advertisement30 2011-08-11 20 Experienced maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE. CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES30 words
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Advertisement11 2011-08-11 20 PLACE YOUR AD HERE IEUMSJIIB SUP CALL JOE WONG AT *****32711 words
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SHIPPING
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Article3742 2011-08-11 20 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination JIMFLUSH Muscat/Sharjah/Doha *Loads3,742 words
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353 2011-08-11 21 Earlier this month the index dropped to its lowest in more than 3 months Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, fell for a second day as slow activity and wider market turmoil hit sentiment.Reuters - 353 words
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315 2011-08-11 21 Bloomberg [LONDON] Contracts to rent dry-bulk ships that haul minerals and grains for longer durations are at greater risk of being torn up, according to Oslo-based investment bank Fearnley Fonds AS. Counterparty risk rose in the last “couple of months” as single-voyage rates fell,Bloomberg - 315 words
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Article, Illustration618 2011-08-11 21 Bloomberg Reuters [LONDON] A glut of oil tankers competing for Middle East crude expanded as demand for the vessels slowed. There are 23 per cent more very large crude carriers, or VLCCs, for hire over the next 30 days than there are likely cargoes,Bloomberg; Reuters; BLOOMBERG - 618 words
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663 2011-08-11 21 Bloomberg [JOHANNESBURG] South Africa’s port in Durban charges more than any other major dock in the world, forcing up costs for companies such as Sappi Ltd and Mondi Ltd and undermining government attempts to boost exports and create jobs. State-owned Transnet SOCBloomberg - 663 words
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Article278 2011-08-11 21 SGX '000 Aug 10 S$ +/-Vol CH Offshore 0.38 unch 707 Chuan Hup Hldg 0.24 unch 1729 Cosco Corp 1.18 -0.12 ***** CWT Ltd 1.08 -0.09 2420 Ezra Hldgs 0.93 -0.10 ***** First Ship Lea 0.31 -0.02 2243 Freight Links 0.05 unch 2966 Grand Banks unch unch 0278 words
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Page 21 Advertisements
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Advertisement27 2011-08-11 21 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 132727 words
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Advertisement21 2011-08-11 21 Legal I services V SJ required by I f ervices i i I here in the shippers I Shipping owners Times?21 words
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EDITORIAL & OPINION
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497 2011-08-11 22 EDITORIAL AS forecasts go and given the global uncertainties of the day, the government’s decision to cut its estimate of Singapore’s 2011 economic growth to 5-6 per cent (at the lower half of its earlier projection) comes as no surprise. But what may perhaps raise497 words
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Article, Illustration797 2011-08-11 22 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group EUROPE may no longer be able to save itself. Too many countries have too much debt. Its economic growth which helps countries service their debts is too feeble. And nervous marketsThe Washington Post Writers Group - 797 words
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Article, Illustration1045 2011-08-11 22 ANTHONY ROWLEY - Hyper inflation will set in once US and Europe central banks bail out troubled govts ANTHONY ROWLEY Tokyo Correspondent TWO global financial crises global in terms of their impact if not of their source in the space of less than three years is,REUTERS - 1,045 words
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Article, Illustration1732 2011-08-11 23 ALAN M TAYLOR - Emerging markets’ insurance strategy has exceeded expectations, but is this policy good for all countries? By ALAN M TAYLOR The writer is a senior adviser at Morgan Stanley and is joining the economics faculty at the University of Virginia as Souder Family Professor of ArtsAP - 1,732 words
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167 2011-08-11 23 EVEN as the threat of global imbalances fades, the next phase of globalisation will present new risks and opportunities that policymakers will need to confront. Developed markets could remain lethargic or suffer further slumps, increasing the risk of a global downturn. Financial stabilisation policies167 words
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Article352 2011-08-11 23 Yu-Tsung Chang - LETTER TO THE EDITOR Yu-Tsung Chang Executive MD Standard Poor’s Ratings Services Asia-Pacific WE agree with Vikram Khanna’s view that Standard Poor’s (S&P) “downgrading of US sovereign debt should be gauged on its merits and we shouldn’t be shooting the messenger”. However, we disagree352 words
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Page 23 Advertisements
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Advertisement103 2011-08-11 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel103 words
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SINGAPORE STOCKS
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Article8435 2011-08-11 24 Transaction date: Aug 10 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 13.2 8Telecom 14.8 15.5 7.8 4.1 3.1 70.9 12 4.5 A-Sonic 5.8 unch 578 6.3 5.6 5.6 5.8 2.28,435 words
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Article1615 2011-08-11 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 16 t 800 Super 16 unch 1728 16.5 16 16 16.2 5.5 28.6 5.5 3.7 t AA Grp 4 +0.3 20 4 41,615 words
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Article9965 2011-08-11 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.26/ APS Alpha Fund (USD)!** 1.04/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.63/ Aberdeen Asset Mgt Asia Limited American Opp 0.5663/ Asian Credit Fund9,965 words
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Article230 2011-08-11 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A40.5cd 37 48.5 3.6 8.6 3.2 105.5 55 24.5 Genting HK US$ US35.5 -2 ***** 39.5 35.5 35.5 36 2337.5 21 10 OGL Resources230 words
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Article973 2011-08-11 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 117 117.5 118 534.1 1207 890 CIMBAsean40 100US$ US1029 -10 56 1039 1029 1013 1025 41.2 350 289 DBS STI973 words
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FINANCE & COMMODITIES
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374 2011-08-11 26 In local curr In S$ In US$ dy yr dy yr dy yr Aug 9 Index Change Change Change Change Change Change World Index Preliminary 786.3 1.5 -12.4 1.4 -14.6 1.6 -10.1 EAFE Preliminary 670.9 0.4 -16.2 0.5 -15.8 0.6 -11.3 Europe Preliminary 970.8 1.3374 words
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Article77 2011-08-11 26 CRUDE OIL PRODUCTS Aug 9 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 104.43 -1.58 WTI (Near Mth) 79.28 -2.57 Dubai (1-Mth F) 96.68 -4.79 Tapis blend 105.70 -5.00 Minas 101.70 -5.00 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.83 unch Jet Kerosene 121.55 unch US$/barrel Opec Oil77 words
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Article144 2011-08-11 26 Aug 10 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 11 290 Oct 11 461.0 461.0 461.0 3 405 Nov 11 391 Dec 11 501 Jan 12 60 313 Feb 12 60 280 Mar 12 466.2 466.2 466.2144 words
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Article, Illustration68 2011-08-11 26 As on 8 Aug 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Cash Oct-11 1719.3 1695.2 1715.3 1650.3 Gold Cash Dec-11 1720.3 1697.7 1716.4 1651.9 CURRENCY Euro-US Dollar Cash Sep-11 1.4392 1.412268 words
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Article121 2011-08-11 26 As at 9am Aug 10 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.291 1.218 Can dollar 1.254 1.206 Euro 1.771 1.703 Sterling pound 2.011 1.934 NZ dollar 1.036 0.987 US dollar 1.227 1.18 Local dollars to 100 units of foreign121 words
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Article177 2011-08-11 26 Aug 10 $S Offer Bid 0vernight 0.01 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.05 US$ Offer Bid 7 days 0.30 0.20 1 month 0.40 0.30 2 months 0.50 0.35 3 months 0.60 0.40 6 months 0.75 0.55 9 months 0.85 0.65 12177 words
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Article107 2011-08-11 26 Aug 9 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 11 1298.75 1309.25 1320.00 1286.00 Sep 11 1293.25 1304.50 1315.25 1276.25 Nov 11 1299.75 1311.50 1322.75 1282.00 Jan 12 1311.00 1322.75 1332.75 1293.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 11 53.03107 words
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Article83 2011-08-11 26 Aug 10 Aug 10 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 10.11.2011 0.19 1-Year BY*****X 02.05.2012 0.21 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.95 104.00 103.98 5-Year N*****0W 1.125 01.04.2016 102.9883 words
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Article469 2011-08-11 26 Aug 10 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6600 0 2684 Dec11 99.6150 0 4150 Mar12 99.6250 0 1553 Jun12 99.6250 0 2079 EUROYEN TIBOR FUTURES Sep11 99.6850 99.6850 99.6850 99.6850 15 1277 Dec11 99.6900 99.6900 99.6900 99.6875 0 1478 Mar12 99.6950 10 2083469 words
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Article27 2011-08-11 26 Aug 10 Open High Sett STI Aug 2810 SIMSCI Aug 318.5 334.8 324.8 Taiwan Aug 263.6 269.5 268.4 Source: MF Global (S) Pte Ltd27 words
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2388 2011-08-11 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 25 1 150 26 5.56 33 ASJ Hldgs W*****1 0.5 1 4 12 8.00 6 AlliedTech W*****2 1.7 1 4 27 Asia Water Tech Ltd W*****8 1.3 0.12,388 words
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Article462 2011-08-11 26 Aug 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.018 6.634 0.719 8.070 46.657 88.191 0.793 11.170 3.105 1.239 89.276 43.922 1.251 7.387 0.749 29.941 30.889 0.636 1.034 Canada 0.983 6.519462 words
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Article85 2011-08-11 26 Aug 10 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article140 2011-08-11 26 Aug 10 GOLD (US$/oz) Aug 10 Aug 09 Hong Kong 1763.00 1756.50 Aug 09 Aug 08 London 1731.50 1704.09 1732.25 1704.90 Source: Thomson Reuters CAST BAR Aug 10 (S$) Selling Buying Kilobar 73,144.13 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 164 68 5gm 465 341 10gm 831140 words
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Article71 2011-08-11 26 Aug 9 Aug 9 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2374.25 2353.75 3 months 2407.00 2385.50 Copper, Grade A (US$/tonne) Cash 8709.75 8759.75 3 months 8731.00 8781.00 Lead (US$/tonne) Cash 2243.00 2194.25 3 months 2254.00 2205.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article154 2011-08-11 26 Aug 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2502 1.2518 1.0337 1.0342 Canadian dollar 1.2284 1.2300 1.0157 1.0162 Euro 1.7383 1.7403 1.4373 1.4378 NZ dollar 1.0085 1.0109 0.8339 0.8352 Sterling pound 1.9662 1.9682 1.6258 1.6261154 words
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Article22 2011-08-11 26 Aug 10 S$ Bid Offer 1-month 1.2079 1.2096 2-months 1.2064 1.2082 3-months 1.2049 1.2069 6-months 1.2014 1.2039 Source: OCBC22 words
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Article67 2011-08-11 26 Aug 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 11 3145 3105 3145 3085 470 2441 Sep 11 3018 3000 3025 2984 1020 ***** Oct 11 2950 2937 2977 2924 ***** ***** Nov 11 2928 290767 words
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Article82 2011-08-11 26 Aug 9 COCOA (£/tonne) Close Prev High/Low Sep 11 1865 1850 1868/1845 Dec 11 1878 1875 1887/1865 Mar 12 1897 1895 1906/1885 May 12 1907 1903 1911/1896 COFFEE (US$/tonne) Close Pev High/Low Sep 11 2098 2050 2112/2040 Nov 11 2128 2084 2141/2071 Jan 12 2149 2106 2163/2098 Mar 1282 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration626 2011-08-11 27 VICTORIA HO - Many interested in adopting cloud computing and business intelligence, reports VICTORIA HO reports VICTORIA HO MORE than half of the insurance firms in the Asia-Pacific region expect to increase their IT budgets this year and next, according to technology analyst firmREUTERS - 626 words
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Article, Illustration970 2011-08-11 27 STEVAN HOYLE - Firms increasingly need an outsourced, managed communications network for efficiency <you say> STEVAN HOYLE The author is president, Asia-Pacific and Sub-Saharan Africa, Vodafone Global Enterprise MOBILE markets across Asia may be at different stages of maturity, but for business leaders across the region, effective communications970 words
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301 2011-08-11 27 Bloomberg [OAKLAND] Apple Inc, in connection with last year’s introduction of the iPad, colluded with News Corp’s HarperCollins Publishers unit and four other publishers to fix prices of electronic books, according to a lawsuit. Apple, threatened by Amazon.com Inc’s Kindle e-book reader andBloomberg - 301 words
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574 2011-08-11 27 cure GPRS networks. The International Herald Tribune [BERLIN] A German computer engineer said on Tuesday that he has deciphered the code used to encrypt most of the world’s mobile Internet traffic and that he planned to publish a guide to prompt global operators to improvecure GPRS networks. – The International Herald Tribune - 574 words
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PROPERTY
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Article, Illustration1237 2011-08-11 28 KALPANA RASHIWALA - Unlike the boom year of 2007, developers must now cater more to owner occupiers rather than investors and speculators, reports KALPANA RASHIWALA reports KALPANA RASHIWALA THOSE looking for brand-new luxury residential properties can look forward to a string of still-unlaunched projects inSources: URA; CBRE; OneMap - 1,237 words
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Article, Illustration830 2011-08-11 29 NICHOLAS YEO - Pontiac Land, 2 architects are pulling out all the stops for their projects, reports NICHOLAS YEO reports NICHOLAS YEO IN THE last decade, Singapore’s real estate developers have been unveiling almost-Gatsbyesque apartments designed by top-notch local and foreign designers. With the standards already so high what’sSTUDIOGOTO; PONTIAC LAND - 830 words
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Article, Illustration1550 2011-08-11 30 ALAN CHEONG, PATRICK LAI - GCB market will remain tight while non-landed properties will continue to see growth, say ALAN CHEONG and PATRICK LAI ALAN CHEONG PATRICK LAI Alan Cheong is associate director, research consultancy, and Patrick Lai is director, corporate residential leasing at Savills Singapore RENTALS for luxury propertiesSource: Savills, URA - 1,550 words
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Article, Illustration1088 2011-08-11 31 EDDY WONG - Prices for new property launches have rebounded by 30-50% since end-2009 amid healthy take-up rates, says EDDY WONG EDDY WONG The writer is executive director, residential, DTZ Nawawi Tie Leung Sdn Bhd THE market for high-end residences in the Kuala Lumpur City Centre (KLCC) area1,088 words
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1632 2011-08-11 31 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED One Shenton Apt 14/07/2011 99 581 1307 2250 District 2 NON-LANDED Altez Apt1,632 words
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Page 28 Advertisements
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Advertisement215 2011-08-11 28 *Artist Impression Estate Agent Licence No: L*****82K T&C Draw Lucky to *Subject ExclusiveProperties DeservesExclusiveAttention With specialised knowledge and unsurpassed client satisfaction, our dynamic professionals are dedicated to the world of luxury real estate and its discerning clients. We invite you to acquire ownership of your luxury dream through us. Your215 words
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Advertisement171 2011-08-11 28 Mtfi Brand New retail/office 1 min walk to Tanjong Pagar MRT 1st 2nd floor Gd frontage, high visibility •172 to 3,337 sf >9090 2222 PropNex I 3 1 yJ Buy Below Value Enhance your Corporate Balance Sheet &/or Personal Worth Sentosa, Cove Way Bungalow. TOP in JULY 2011 Carefully designed171 words
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Advertisement14 2011-08-11 28 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your j Apology Notices Sj14 words
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Advertisement113 2011-08-11 28 THE CONCOURSE (BEACH ROAD) For Lease Office: From 1,141 to 9,300 sqft Fringe of CBD Shuttle bus to City Hall MRT Next to Nicoll Highway MRT Panoramic City Sea View Broadband enabled Attractive leasing terms Immediate Occupation Hong Fok Group Tel: 6390 2425/ 6292 8181 Australian Property Finance Have you113 words
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Advertisement556 2011-08-11 29 SAFFRON *■>!#» A London Singapore Hong Kong LONDON PROPERTY OWNERS Why Singporean clients choose Saffron EXPERTS IN LETTINGS PROPERTY MANAGEMENT Saffron rent a new London Property every 30 minutes! Central St. Giles UNISON Clapham Mews Neo Bezier EC2A Baltimore Wharf Space Monty Nawaz +65 6832 5188 +65 9730 8851 Central556 words
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Advertisement160 2011-08-11 30 AWJk RESIDENCES RESIDENCE Central *****888 Wilby Wilby Bukit Timah *****505 WILBY CENTRAL Newly Refurbished Serviced Apartments Studio 2-Bedrooms Modern Decor with High Tech Features 5 minutes' walk to MRT Stations/ Shopping Malls Complimentary shuttle bus service to Orchard Road/Newton/Holland Village Complimentary broadband internet service local calls For more information, visit160 words
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Advertisement193 2011-08-11 30 For Sale ByTrustees GCB At Andrew Road Land 11,357 sq ft; Freehold Rectangular; Double frontage For Sale by Trustees/Executors Zoned Good Class Bungalow Opposite MacRitchie Reservoir Pk Ideal for Permanent Residents with approval to purchase for own stay Tender Closing on 31stAugust 2011 (Wed), 2.30pm Irinn Lee (Ms) irinn@credo.com.sg (CEA193 words
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Advertisement63 2011-08-11 30 Freehold Industrial Building At Genting Road For Sale Modern High-Tech 5-storey Terrace Factory Within an established industrial estate known as “The Blue Building” LandArea: 5,758 sq ft GFA: 16,943 sq ft ZonedIndustrialBusiness1 Excellent Corporate Image Expression of Interest Closing6thSept11(Tue),2.30pm Irinn Lee (Ms) irinn@credo.com.sg (CEA Regn No: R*****4F) Agency Licence No:63 words
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Page 31 Advertisements
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Advertisement42 2011-08-11 31 Reach out to prime international and local tenants Savills Retail Lifestyle Leasing Savills has over 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world. Call 6536 5022 6415 3636 I savills.com savills AGENCY NO. L*****88B42 words
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Advertisement209 2011-08-11 32 A COMPLETED LANDMARK DEVELOPMENT BY FRASERS CENTREPOINT AT NOVENA Take your place in the sky, at the top of Singapore's next architectural icon. Towering over the surrounding landscape, Soleil is an outstanding statement of contemporary living. Within its sleek, sculpted form, a stunning selection of residences awaits, certain to satisfy209 words
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