The Business Times, 21 October 2011

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Microfilm: NL31670
Total Pages: 56
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Friday, October 21,
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  • Article
    Lock icon Floods may rob Thailand of 100,000 cars
    812 1  -  Carmakers take a beating with plants still shut and parts in short supply; S’pore may feel impact By NISHA RAMCHANDANI AS the floods assailing Thailand continue to put the brakes on production, car manufacturers could be staring at combined production volume losses of
    812 words
  • Article
    Lock icon MARKETS DIGEST
    142 1 HST INDEX 2,694.01 (-26.20) HST INDEX FUTURES 2,693.00 (-27.00) HSIMSCI 308.39 (-3.83) HSIMSCI FUTURES 307.80 (-5.80) FOREX US$ S$ US$ (S$ per US$) 1.271 (US$/S$ per 1.572 1.997 EURO (US$/S$/E) 1.371 1.742 Foreign currency per US$ S$ YEN 76.70 60.40 RM 3.128 2.461 HK$ 7.779 6.123 BAHT 30.99
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  • Article
    Lock icon In new normal, 3% growth a year is good: PM
    779 1  -  Graduate armies from China, India will hit middle-class professionals By LEE U-WEN [SINGAPORE] Singaporeans should accept the reality that achieving economic growth of three per cent or so a year for the next ten years would represent “a good decade”
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      95 1 MUSIC Crossover chameleon David Garrett PAGE 28 *****1 *****4 i V faj r 7 71 m >• i v' £/">-: CO y K °f II a f€ n i Ion Orchard 6509 9712 Marina Bay Sands 6225 2393 Raffles City 6338 3676 Resorts World Sentosa 6723 8004 PLANET OCEAN "Having
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      9 1 FESTIVALS AROUND THE WORLD Jazzing up Berlin PAGE 31
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      53 1 EXEC LIFESTYLE Banking on all that jazz PAGE 26 RAFFLES CONVERSATION The key challenge for CEOs around the world is to move forward despite the crisis... Those who are saying, 'Well, let's be careful, let's wait and see', they will lose out. Hans-Paul Bürkner, CEO, Boston Consulting Group, in The
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  • TOP STORIES
    • Article
      Lock icon Investors sell down Synear shares after food scare
      464 2  -  Chief operating officer said amount of bacteria not life threatening By LYNETTE KHOO [SINGAPORE] Singaporelisted Synear Food Holdings has become embroiled in China’s latest food safety scare after some of its products were found to be contaminated with staph bacteria. All affected
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    • Article
      Lock icon EU agrees on sum to recapitalise banks
      409 2 Deal clears one hurdle for region’s leaders ahead of their upcoming summit Bloomberg [BRUSSELS] The European Union (EU) has agreed that around 100 billion euros (S$174 billion) is needed to recapitalise the European banking system. EU officials told Reuters all 27 member states
      Bloomberg  -  409 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      559 2 Floods may rob Thailand of 100,000 cars AS the floods assailing Thailand continue to put the brakes on production, car manufacturers could be staring at combined production volume losses of 80,000-100,000 units if plants remain closed in the coming weeks. Singapore could also take a hit as some
      559 words
    • Article, Illustration
      Lock icon More local SMEs seek expansion in Singapore
      631 4  -  Overseas expansion still remains a key strategy: survey By CHEN HUIFEN [SINGAPORE] With uncertainty rattling the global economy, local SMEs are seeking home comforts and more are now looking to expand domestically. According to an annual SME Development Survey conducted by DP Information
      Source: DP Information Group  -  631 words
    • Article
      Lock icon Greece gripped by protests
      326 4 Protesters rally in front of Greek parliament against austerity measures Reuters [ATHENS] Clashes between rival groups of protesters broke out in front of the Greek parliament yesterday, interrupting a rally by tens of thousands against a tough new package of austerity measures due to be approved
      Reuters  -  326 words
    • Article
      Lock icon IMF urges bigger role for more currencies
      635 4  -  Multipolar currency system could facilitate gradual global adjustments By ANTHONY ROWLEY in Tokyo OFFICIAL policy actions are needed to encourage the Chinese yuan and other emerging-market currencies to play a greater role on the international stage, the International Monetary Fund (IMF) said yesterday,
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    • Article
      Lock icon Correction
      56 4 IN yesterday’s report, “Several parties holding talks over sale of KeyPoint”, we mentioned that Frasers Commercial Trust’s unit price closed 3.5 cents lower at $1.42 on Wednesday. That was the closing price of Frasers Centrepoint Trust. Frasers Commercial Trust’s share price had closed unchanged on Wednesday at 77 cents.
      56 words
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      193 2 Ready For Home Entertainment That's LARGER Than Life? Parrot BY S+ARCK >, J. ■B.rju> Kj L J Wi blllaffil I U iPhone A Wireless Stereo System $2688 designedbyPhilippeStarck UP $2999 Since our inception in 1998, we have commissioned over 7000 residential and commercial projects, from luxury yacht to 60-seat private
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      205 3 DBS TREASURES Q PRIVATE CLIENT DBS PRIVATE X BANK DBS takes wealth management in Asia to a whole new level. P n 7 i r i EC .1 in Introducing DBS Treasures Private Client and DBS Private Bank. DBS is proud to have played a leading role in shaping and
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      187 5 Luxury has progressed through lightweight technology. Change the game with the all-new lightweight Audi A6, now with the award-winning 2.0 TFSI® engine. Lightness is the new paradigm of luxury with the Audi A6. Packed with more than just innovative features, it offers advanced knowledge in lightweight engineering gained from perennial
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  • COMPANY NEWS
    • Article
      Lock icon Corporate bonds a big hit with investors
      554 6  -  Stanchart, Swiber notes take issues this week to $1.3b By SIOW LI SEN A FLURRY of bond issuances has hit the local debt market this week, selling almost $1.3 billion worth of bonds, as they tap into a rich vein of investors flush
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    • Article
      Lock icon SGX reprimands Scorpio East
      476 6  -  Rebuke also for four individuals following findings of irregularities By EMILYN YAP THE Singapore Exchange (SGX) yesterday reprimanded Scorpio East Holdings and two former executive directors for breaking Catalist rules and failing in corporate governance. It also rapped another former executive director for corporate governance lapses,
      476 words
    • Article
      Lock icon SIA-Virgin tie-up cleared by S’pore competition panel
      253 6  -  Australian regulator had approved the proposal last week By VEN SREENIVASAN THE Competition Commission of Singapore (CCS) has approved Singapore Airlines’ proposed alliance with Virgin Australia. The CCS decision which comes just days after its Australian counterpart gave the tie-up a similar nod
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    • Article
      Lock icon CMA: a victim of ill perceptions?
      603 6  -  HOCK LOCK SIEW By MICHELLE TAN CONTRARY to expectations in some quarters of a warm market reception for CapitaMalls Asia (CMA) when it made its du-al-listing debut in Hong Kong this week, the mall developer received a chilly autumn welcome. The initial cool reception
      603 words
    • Article, Illustration
      Lock icon Innovation – the way Ho Kwon Ping sees it
      837 6  - Innovation the way Ho Kwon Ping sees it It’s critical even for companies in non-high-tech industries By JOYCE HOOI IT pays to fly business class, or at least be able to have a gander at the business class seats. Ho Kwon Ping would know. Thanks to the devilishly clever seats
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    • Article
      Lock icon K-Reit’s OFC deal wins nod from Moody’s
      403 7  -  S&P gives trust BBB rating, with ‘stable’ outlook By UMA SHANKARI TWO rating agencies have issued new reports on K-Re-it Asia after news this week that the office trust will acquire from parent company Keppel Land an 87.5 per cent interest in Ocean
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    • Article
      Lock icon Keppel Corp Q3 earnings up one-third at $406.1m
      548 7  -  Revenue for the conglomerate climbed 18% to $2.7b By LYNN KAN KEPPEL Corporation’s third-quarter earnings rose 33.3 per cent to $406.1 million, from $304.6 million a year ago, helped by higher profits at its property and offshore-building arms. Revenue for the conglomerate
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    • COMPANY BRIEFS
      • Article
        Lock icon Mapletree Logistics posts 9.7% rise in Q3 DPU
        50 7 MAPLETREE Logistics Trust posted an available distribution per unit of 1.69 cents for the third quarter up 9.7 per cent from 1.54 cents a year ago. Net property income had risen 23.7 per cent to $58.9 million from acquisitions and organic growth.
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      • Article
        Lock icon FSL Trust Q3 revenue up; DPU unchanged
        142 7 FIRST Ship Lease Trust’s distribution per unit (DPU) for Q3 2011 remains unchanged from a year ago at 0.95 US cents. On an annualised basis, the DPU also remains unchanged at 3.8 US cents. The company’s revenue increased 22.1 per cent from a
        142 words
      • Article
        Lock icon 800 Super’s unit wins $10.6m three-year HDB contract
        76 7 800 SUPER Holdings Ltd announced that its wholly owned subsidiary, 800 Super Waste Management Pte Ltd, had secured a $10.62 million contract from the Housing Development Board. Under the contract, 800 Super will be involved in the waste management, recycling, cleaning and
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      • Article
        Lock icon ST Marine incorporates China subsidiary
        73 7 ST ENGINEERING announced that its marine arm, ST Marine, has incorporated a wholly-owned subsidiary in China. ST Marine (Wuhan) Engineering Design Consultancy Co Ltd will offer engineering design and consultancy services to both local Chinese as well as international companies operating in China. Based in
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    • Article
      Lock icon Ascott Trust posts 21 % jump in Q3 DPU
      338 10  - Ascott Trust posts 21 jump in Q3 DPU Distributable income more than doubles, thanks to last year’s acquisitions By MINDY TAN ASCOTT Residence Trust (ART) saw a more than one-fifth jump in third-quar-ter distribution per unit (DPU), with the 28 serviced residence properties added to its portfolio last year acting
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    • Article
      Lock icon Corporate governance drive gains momentum
      310 10 THE inaugural Singapore Corporate Governance Week held last year brought together a number of listed companies that publicly pledged to uphold the highest standards in corporate governance. This year’s Singapore Corporate Governance Week will be held from Oct 24 to 28. A key feature of
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      501 6 FIRST SHIP LEASE TRUST (a business trust constituted on 19 March 2007 under the laws of the Republic of Singapore) Managed by FSL Trust Management Pte. Ltd. (“the Trustee-Manager”) NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN THAT the Transfer Books and Register of Unitholders of First
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      51 6 ilfA" @a *****0080 THEiLEADING BUNGALOW SPECIALIST lyeVIE st ate. *****7,6 8 oo.a s losj2"5* 8 M lluPSi; :«MS3*i|i1| Nostalgic Cottage (a) Kilburn Estate Buildan empire on this 265'oosqft land 8 sprawli ng throu^hjijhiII to p with a viewjpPj| that is b'reathtakinalv awesome Swettenham Victoria ***** ***** Grand Mansion f dSMfaaflMhlUHrrfhtiga^^
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      97 7 www.vw.com.sg 1 i S! Li r. VOLKSWAGEN 2 11 _Ml W MEN'S WORLD CUP V SINGAPORE Enjoy amazing offers on the Passat, official car of this exciting event. Drive away in one of the official cars used to chauffeur world champions and international VIPs. Hurry, only a limited number of
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      14 7 Feel your energy surge! Cordyceps Lingzhi power cocktail 6281 5688 or 6757 4403 www.gnc.com.sg
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon EU divisions, US gloom hit STI
      490 8  -  Typical of times of uncertainty, banks and blue chips led the market southwards in subdued trading STOCKS VEN SREENIVASAN Senior Correspondent LATESTdatashowingslowingUSeconomicgrowthcoupledwithmore uncertainty and footdragging in Europe as its southern fringes threaten to drown in a debt crisis did not give the market much
      Source: Bloomberg  -  490 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 10 3 0 0 0 0 10 3 Manufacturing 31 65 38 1 0 6 32 65 44 Commerce 11 24 11 2 4 3 13 28 14 Tpt/Stor/Comms 8 21 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,455 19,455 104,399 104,399 Manufacturing 122,134 3,553 125,687 125,064 116 125,180 Commerce 118,472 1,529 120,001 117,681 70 117,751 Tpt/Stor/Comms 133,603 6,358 139,961 181,249 612 181,862 Finance 12,580 20 12,600 121,558 4 121,562 Construction 66,237 5,031
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change Stock name Close Change CapMallsAsia 1.235 -0.015 CapitaLand 2.410 -0.060 CapitaMall 1.840 -0.035 CityDev 9.860 -0.080 ComfortDelGro 1.340 -0.005 DBS Grp 11.760 -0.330 F&N 5.910 +0.090 GLP 1.580 Genting SP 1.580 -0.050 Golden Agri 0.615 -0.010 HK Land 4.650 -0.130 JMH 49.950
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      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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      Lock icon OTHER SINGAPORE INDICES
      64 8 Oct 20 VALUE CLOSE BT OB/OS 703.00-278.00 BT CADI -*****.00-131.00 BT 10-day MA -*****.00 +70.00 FTSE ST Mid Cap 605.89 -5.15 FTSE ST Small Cap 414.23 -4.20 FTSE ST All Share 648.89 -6.20 FTSE ST China Top 186.82 -3.01 FTSE ST China 220.12 -4.06 FTSE ST Catalist
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      Lock icon MOST ACTIVE STOCKS
      57 8 Clob VOLUME Golden Agri 75,842,000 NexGenSCom 54,277,000 Genting SP 52,181,000 PSL Hldgs 46,064,000 Noble Grp 42,642,000 STXOSV 20,882,000 SingTel 20,618,000 Yangzijiang 18,192,000 TigerAir 17,058,000 STI 2700MBePW*****0 14,531,000 VALUE($) Keppel Corp 86,093,250 Genting SP 82,747,200 SingTel 64,846,220 Noble Grp 59,134,470 DBS Grp 50,383,250 Golden Agri 46,214,360 UOB 40,808,288
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    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Keppel Land
        698 8 Keppel Oct 20 close: S$2.66 PHILLIP SECURITIES RESEARCH, Oct 20 KEPPEL Land reported Q3 2011 results with revenue of $111.7 million, 14 per cent lower y-o-y, and net profit of $58 million, 6.6 per cent higher y-o-y. The lower revenue was due to lower contribution from the property
        Source: Bloomberg  -  698 words
      • Article
        Lock icon DMG & PARTNERS SECURITIES, Oct 20
        221 8  - DMG PARTNERS SECURITIES, Oct 20 Compiled by CONRAD TAN WE reiterate our net positive view on Keppel Land’s (KepLand) divestment of Ocean Financial Centre (OFC), which crystallises the value of the asset on the balance sheet and allays concerns of headwinds in the office sector on the value of Marina
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      • Article
        Lock icon Glossary:
        79 8 EPS earnings per share FY fiscal/financial year m-o-m month on month PE price/earnings (ratio) q-o-q quarter-on-quarter RNAV revised net asset value TP target price y-o-y year-on-year Disclaimer: All analyses, recommendations and other information herein are published for general information. Readers should not rely solely on the information published and
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    • Article, Illustration
      Lock icon Euro up but market still nervous over uncertainty
      535 8 CURRENCIES Reuters [LONDON] The euro climbed yesterday after a document containing guidelines on the eurozone rescue fund reassured investors looking for clarity on how policymakers were planning to deal with the region’s debt crisis. The single currency jumped to a session high
      Reuters; REUTERS  -  535 words
    • Article
      Lock icon RISES
      113 8 BY CENTS CLOSE UP JMH 4995 119.4 1.9 Lyxor AsiaCS 10US$ 4935 68.6 1.1 DBXT S&P Short 10US$ 4405 52.1 0.9 Lyxor Malaysia 10US$ 841 48.3 4.7 JSH 2787 39.4 1.1 IS S&P500 ***** 34.3 0.2 Lyxor HangSeng 10US$ 234 21.6 7.8 DBS Bk 4.7% NCPS 100 ***** 20.0
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    • Article
      Lock icon FALLS
      128 8 BY CENTS CLOSE DOWN GLD 10US$ *****-312.5 -1.5 DBXT Nifty 10US$ *****-259.2 -1.9 DBXT MSKorea 10US$ 5078-213.4 -3.2 Lyxor AsiaMT 10US$ 5167-152.5 -2.3 DBXT FTChina25 10US$ 2427-109.3 -3.4 DBXT MSEurope 10US$ 4054 -92.8 -1.8 Jardine C&C 4140 -91.0 -2.2 DBXT SPASX200 10US$ 3112 -80.0 -2.0 Lyxor China H 10US$
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      220 9 STRAITS TIMES. Get the All-in-One news experience for just $2 more! With a newspaper subscription at $24.65* A per month, add $2 to enjoy our Online, iPad and iPhone editions. For a limited period only. 4 STEPS TO QUICK ACCESS: THE*. A WA y r v. 1 Visit www.stsubscribe.com: select
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      1079 10 Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) Third Quarter And Nine Months 2011 Financial Statement 1. UNAUDITED RESULTS FOR THIRD QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2011 The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the
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      227 10 Business Excellence Awards 2011 Read about the best practices of this year's winners in the Business Excellence Supplement KIP NANYANG VY «T TECHNOLOGICAL UNIVERSITY Nanyang Business School m -4' i Nurturing Shaping the of Future Business NANYANG EXECUTIVE PROGRAMMES Management Programmes Berkeley-Nanyang Advanced Management Programme* 5 16 Mar 2012 (UC
      227 words
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      290 11 PRE-WAR BALINESE MODERNIST PAINTINGS THE COLLECTION OL LEO LEAKS INCLUDING WORKS COLLECTED BY GREGORY BATESON MARGARET MEAD AND THEO MEIER SATURDAY, 22 OCTOBER 2011 N > C-rl OikftAW m s§g IDA BAGUS NYOMAN RAI I Scene of WW2 I washed pen and ink on paper I 49 x 56 cm
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  • SINGAPORE NEWS
    • Article
      Lock icon Govt monitoring foreign buying of private homes
      466 12 Over four-fifths of private home purchases this year by S’poreans, PRs YESTERDAY IN PARLIAMENT NATIONAL Development Minister Khaw Boon Wan said yesterday in Parliament that the government is monitoring foreign buying of private homes and will take further measures if necessary. He noted
      466 words
    • Article
      Lock icon Shell refinery fire: ‘minimal impact’ on economy
      484 12  -  By LEE U-WEN THE Singapore economy is likely to experience “minimal impact” as a result of the shutdown of Shell’s oil refinery on Pulau Bukom, the government said yesterday in its interim assessment of the Sept 28 fire on the southern island. The
      484 words
    • Article
      Lock icon Foreign workers vital to keep investments coming: SICC
      454 12  -  By CHUANG PECK MING COMPANIES are warning that any more moves to tighten the inflow of foreign workers could drive away foreign investments. The Singapore International Chamber of Commerce (SICC) yesterday said while it recognises the importance of a “Singapore First” policy
      454 words
    • Article, Illustration
      Lock icon Orchid Hotel at Tanjong Pagar up for sale
      414 12  -  By KALPANA RASHIWALA THE Orchid Hotel Singapore in the Tanjong Pagar area is on the market, with a price expectation of $250 million and above. This reflects a pricing of at least $920,000 per room for the 272-room hotel, which soft opened
      414 words
    • Article
      Lock icon $66m top bid for Kaki Bukit industrial site
      316 12  -  By MINDY TAN A 30-YEAR leasehold industrial site along Kaki Bukit Road 4 drew a top bid of $66 million or $118 per square foot per plot ratio (psf ppr) when its tender closed yesterday. The offer came from NSS Properties, and
      316 words
    • Article
      Lock icon Views on changes to arbitration act sought
      526 12  -  Ministry’s proposed amendments aimed at expanding scope of arbitral tribunal’s authority By GRACE LEONG AS part of ongoing efforts to bolster Singapore’s position as a global arbitration venue, the Ministry of Law is proposing amendments to the International Arbitration Act. These are aimed
      526 words
    • Article
      Lock icon CEA charges 2nd unregistered agent
      271 12  -  By UMA SHANKARI THE Council for Estate Agencies (CEA) has charged a second person in court for working as a salesman without being registered. CEA, which was set up by the government last year to raise the professionalism of the real estate agency industry, is
      271 words
    • Article
      Lock icon S’pore tops in businessfriendliness: World Bank
      242 12 AFP [WASHINGTON] Singapore remains the easiest place to do business, the World Bank said in a report published on Wednesday, with the Asian financial centre keeping its title for a sixth straight year. 2011 set a record for regulatory reforms that boost business conditions,
      AFP  -  242 words
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  • ECONOMY WATCH
    • Article
      Lock icon Economic outlook grows dimmer: Fed survey
      489 13 Beige Book says businesses wary of boosting inventory ahead of sales season Reuters [WASHINGTON] The US economic outlook grew dimmer in September, leading businesses to be wary of spending and of building up inventories ahead of the holiday sales season, the Federal Reserve said
      Reuters  -  489 words
    • Article, Illustration
      Lock icon Occupy Wall St protests reflect anxiety: Zoellick
      511 13 World Bank chief says US, EU woes pose global risks AP [ANN ARBOR, Michigan] The anti-Wall Street protests that began in New York and have spread across America and beyond its shores reflect “anxiety,” the World Bank chief said on Wednesday, though he’s
      AP; REUTERS  -  511 words
    • Article
      Lock icon Aussie business confidence falls sharply in Q3
      227 13 Reuters [SYDNEY] Australian business confidence suffered a sharp fall in the third quarter, yet investment intentions remained strong, a survey yesterday showed, offering hope that a tentative rebound in sentiment in September will persist. National Australia Bank’s (NAB) quarterly survey of more than
      Reuters  -  227 words
    • Article
      Lock icon Japan to boost fund to help firms cope with strong yen
      327 13 Bloomberg [TOKYO] Japan will increase a fund to help companies cope with a surging yen by about 25 per cent to 10 trillion yen (S$165 billion), according to a document obtained from a ruling Democratic Party of Japan official.
      Bloomberg  -  327 words
  • Page 13 Advertisements
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      22 13 BUSINESS OPPORTUNITY Singapore Licensed Insurance Broking firm for sale or joint venture with ongoing business. Interested, kindly email: anvoon88@yahoo.com Mcapital Pte Ltd
      22 words
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      94 13 PRIME CAR PARK LOTS AVAILABLE! Season Parking Offer at SRC The Singapore Recreation Club, with its entrance along Stamford Road, is a private members’club with basement parking facilities. For a limited time only, we are offering season parking lots at SRC. Charges start from as low as $11 per day.
      94 words
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      194 13 JERRY LUM Snr Marketing Director, MBA, CES CEA Licence no: R *****6 D I HP: 8288 0098 View: jerrylum.myweb.sg MACAU T H E RIGHT M I X O F BUSINESS LEISURE YD. I £&(*k i; 3* <1 HaPJ lisns Macau is Asia's newest and most exciting destination for meetings and
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon M’sia IPOs disappoint, with just 30% in plus territory
      552 14  -  8 out of 26 newcomers show gains, notably Ananda Krishnan’s Bumi Armada a Felda unit By PAULINE NG in Kuala Lumpur OF the 26 initial public offerings (IPOs) launched on Bursa Malaysia this year, less than a third are “in the
      BLOOMBERG FILE PHOTO  -  552 words
    • Article
      Lock icon Indonesia’s Q3 investments rise on S’pore projects
      375 14 Bloomberg Reuters [JAKARTA] Indonesia’s foreign and domestic investments increased last quarter as companies from Singapore and the US boosted spending. Investment rose 15.3 per cent to 65.4 trillion rupiah (S$9.4 billion) in the three months ended Sept 30 from a year earlier, Azhar
      Bloomberg; Reuters  -  375 words
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      86 14 Form 69(4) (Rule 101) NOTICE OF DIVIDEND Name of company Dai-Ichi Pte Ltd (In Creditors’Voluntary Liquidation) (Company Registration No.*****6231Z) Address of registered office Formerly of 10 Toh Guan Road, #10-00 TT International Tradepark, Singapore *****8 Amount per centum :100 per centum of all admitted preferential claims 39.7 per centum of
      86 words
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      387 14 Ik TI 1 I 1 Toll free 1800-289-8822 I J I h I I I Email notices@sph.com.sg W lj ll www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 FUJI ICE PALACE PTE LTD (Company Registration No. *****3065G) MEMBERS'VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed
      387 words
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      403 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CORBIS SINGAPORE PTE. LTD. (the “Company”) (In Members’ Voluntary Liquidation) (Company Registration Number: *****5601M) (Pursuant to Section 290(2)(b)) At an Extraordinary General Meeting of the Company deemed held on 18 October 2011, the following resolutions were
      403 words
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      317 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SWISS-ONE HOLDINGS PTE. LTD. (COMPANY NO: *****7576N) (IN MEMBERS’ VOLUNTARY LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting of SWISS-ONE HOLDINGS PTE. LTD. signed by the Representative of the Holding Company pursuant to Section
      317 words
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      Lock icon Page 14 Advertisements Column 5
      194 14 IN THE MATTER OF THE COMPANIES ACT, CAP.50 AND IN THE MATTER OF P.T. TUNTEX GARMENT (SINGAPORE) PTE LTD (IN MEMBERS’VOLUNTARYLIQUIDATION) CO. REG. NO. *****1219M NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap. 50, that a Final Meeting of the Member of the abovenamed
      194 words
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      Lock icon Page 14 Advertisements Column 6
      344 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF EMP-DAIWA CAPITAL ASIA (SINGAPORE) PTE. LTD. (Registration No. *****0335G) (In Member’s Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting
      344 words
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      Lock icon Page 14 Advertisements Column 7
      307 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INFORMATICS FINANCIAL LEARNING PTE. LTD. (“the Company”) (CO. REG. NO. *****9698G) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 50, that the
      307 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China vows to contain informal lending risks
      614 15 Official says analysts underestimate Beijing’s resolve and are talking down banking sector Bloomberg [SHANGHAI] China’s banking regulator sought to ease concerns about the health of the nation’s lenders and the informal lending market, vowing to control risks and stressing measures already taken by
      Bloomberg; BLOOMBERG  -  614 words
    • Article
      Lock icon Explain online curbs on businesses, US tells China
      451 15 Reuters [WASHINGTON] The United States is pressing China to explain why its “national firewall” blocks so many US companies from providing their services via the Internet, according to a letter obtained on Wednesday that is another sign of growing trade tension between
      Reuters  -  451 words
    • Article
      Lock icon India’s state-run oil refiners seek 140b rupees in subsidy
      406 15 Their finances fragile as they sell fuel below cost Bloomberg [NEW DELHI] India’s oil ministry is seeking 140 billion rupees (S$3.6 billion) as a quarterly subsidy for state-run refiners, which sell fuels below cost to help curb inflation in Asia’s sec-ond-fastest
      Bloomberg  -  406 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      318 15 JTC Eating Hse for Sale Existing 14-stall JTC Eating House @Pioneer (Tuas), 34,800ft 2 Great investment, Opposite future MRT, 20-yr lease Feb2005, good food, 150Tables, crowd, ample parking. Pis call *****921 Alex CEA R*****21, sole agent. Cobroke welcome CBRE CBRE L*****08E CB RICHARD ELLIS Tasctnatvna J-CoCidays Stop Dreaming, start experiencing
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      324 15 -»ii- 1 I 3 1 wfrl! urn n III llll If I'" I;! :;j!!i III K'«z't li to m m >4 tit* CENTURY PROPERTIES UNVEILS THE PHILIPPINES' MOST LUXURIOUS RESIDENTIAL SKYSCRAPER RUMP OWER MAN I LA AT CENTURY CITY, PHILIPPINES i: 1 I m T 4 I Rising in the
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  • WORLD
    • Article, Illustration
      Lock icon Modest rise of 0.2% in leading indicators
      482 16 Previously occupied home sales fall as market remains weak LATEST US DATA Bloomberg berg, AP [WASHINGTON] A gauge of future economic activity edged up in September, signalling modest economic growth in coming months while sales of previously occupied homes fell in the same
      Bloomberg; berg,; AP; BLOOMBERG  -  482 words
    • CORPORATE NEWS
      • Article
        Lock icon Top Wall St firms post sharp fall in revenue
        140 16 Bloomberg [NEW YORK] The biggest Wall Street firms posted their worst quarter in both trading and investment banking since the depths of the financial crisis as they face questions about the future of their business. JPMorgan Chase Co, Bank of America
        – Bloomberg  -  140 words
      • Article
        Lock icon AT&T's quarterly earnings drop sharply
        123 16 Reuters [NEW YORK] AT&T Inc posted quarterly revenue that was below Wall Street expectations, as subscriber growth fell slightly short of estimates. The No 2 US mobile provider said yesterday that it added 319,000 subscribers in the quarter, compared with the average expectation for almost
        – Reuters  -  123 words
      • Article
        Lock icon Nokia posts Q3 loss of 68m euros
        128 16 AFP [HELSINKI] Finland’s Nokia, struggling to maintain its place as the world’s top mobile phone maker, yesterday posted a third quarter loss of 68 million euros (S$118.5 million), far smaller than analyst expectations. The company saw its share price soar 9.5 per cent
        – AFP  -  128 words
      • Article
        Lock icon Ericsson's Q3 profit rises 4%; sales surge
        111 16 AP [STOCKHOLM] Wireless equipment maker LM Ericsson AB yesterday reported a 4 per cent rise in third-quarter profit as strong mobile broadband sales and increased market share offset weaker margins. Ericsson said third-quar-ter net profit rose to 3.8 billion kronor (S$889 million) from
        – AP  -  111 words
      • Article
        Lock icon UBS won't spin off or sell investment bank
        134 16 Reuters [BANGALORE] Swiss bank UBS AG’s caretaker chief executive Sergio Ermotti has ruled out a sale or spinoff of the investment bank and is planning to shrink the investment-bank-ing unit, The Wall Street Journal reported. Mr Ermotti, who was appointed chief following
        Reuters  -  134 words
    • Article
      Lock icon EU seeking financial market curbs
      290 16 Bloomberg [BRUSSELS] The European Union is seeking limits on commodities derivatives and curbs on high-frequen-cy trading as part of proposals to overhaul the region’s financial market rules. The plans, which also include a crackdown on so-called dark pools or private venues that don’t display prices
      Bloomberg  -  290 words
    • Article, Illustration
      Lock icon Celebrations in Libya after Gaddafi is killed
      531 16 His hometown is overrun; fighters manhandle his body Reuters [SIRTE, Libya] Muammar Gaddafi was killed yesterday as Libya’s new leaders declared they had overrun the last bastion of his long rule, sparking wild celebrations that eight months of war may finally be over.
      Reuters; REUTERS  -  531 words
    • Article
      Lock icon Top management in Singapore: 38% are women
      331 16  -  By NISHA RAMCHANDANI [SINGAPORE] Women make up 38 per cent of those in top management positions here, according to a study which polled residents in the top 20 per cent of Singapore’s income bracket. This puts Singapore ahead of other cities such as
      331 words
    • Article
      Lock icon Yahoo’s demand for confidentiality irks some buyers
      495 17 The non-disclosure agreement will prevent them from discussing joint bids Reuters [NEW YORK] Some potential buyers of Yahoo Inc are baulking at the Internet company’s demands for confidentiality that would prevent them from discussing joint bids, according to several people close to the
      Reuters  -  495 words
    • Article
      Lock icon French MPs approve surtax on rich
      178 17 Reuters [PARIS] Lawmakers in France’s National Assembly have approved a special surtax on the wealthy that is part of efforts to keep France’s deficit-reduction targets within reach. Under a savings package unveiled in August, the government aims to raise an extra 10 billion euros
      Reuters  -  178 words
    • Article
      Lock icon Pernod, Remy in good spirits thanks to Asian tipplers
      472 17 Uncertain economic environment keeps outlook sober Reuters [PARIS] French spirits groups Pernod Ricard and Remy Cointreau beat forecasts yesterday as strong Asian demand and a recovering US market lifted their quarterly sales while Pernod sounded a cautious note amid a fragile
      Reuters  -  472 words
    • Article, Illustration
      Lock icon AUCTION OF ICONIC OUTFITS FOR CHARITY
      94 17 SINGER Bette Midler wearing her famous mermaid stage costume as the character Delores de Lago in this publicity photograph. The Mermaid costume and the Valentino gown she wore to the 1992 Oscars and a collection of head-dresses are all going up for auction on
      REUTERS  -  94 words
    • Article
      Lock icon Chi-X Global targets Asia, Latin America
      413 17 Bourse operator prepares for launch in Australia, Brazil Reuters [SYDNEY] Bourse operator Chi-X Global hopes to finalise new market opportunities in Asia-Pacific and Latin America early next year as it puts the final touches on its Australian and Brazil launch, its chief executive said
      Reuters  -  413 words
  • Page 16 Advertisements
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  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      425 17 [SATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) PURSUANT TO SECTION 290(1)(b) At an Extraordinary General Meeting of TIME WATCH SINGAPORE PTE. LTD. (Company Registration No. *****9838K) duly convened on 14 October2011, the following resolutions set out below were duly passed
      425 words
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      Lock icon Page 17 Advertisements Column 2
      799 17 CHEMOIL ENERGY LIMITED (Company Registration Number: *****1) (Incorporated in Hong Kong S.A.R.) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Chemoil Energy Limited (the “Company”) will be held at Ocean 2, Level 2, Pan Pacific Singapore, 7 Raffles Boulevard, Marina Square, Singapore *****5
      799 words
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      Lock icon Page 17 Advertisements Column 3
      324 17 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF 1) HELICONIA INVESTMENT PTE LTD (Co. Registration No. *****7560M) 2) CAIRNHILL PLACE PTE LTD (Co. Registration No. *****5043R) 3) HOLLANDALE REALTY LIMITED (Co. Registration No. *****0172G) 4) CHOA CHU KANG LAND LTD (Co. Registration
      324 words
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      Lock icon Page 17 Advertisements Column 4
      639 17 IN THE MATTER OF (JOB JAIC VENTURE BIO INVESTMENTS LTD. (In Members' Voluntary Liquidation) (Co. Reg. No. *****7096R) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company (the "Meeting") duly convened and held at UOB Conference Suite Room 5, 80 Raffles Place, 9 th
      639 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon M’sia flexes its competitive muscle
      449 18 EDITORIAL MALAYSIAN Prime Minister Najib Razak’s reform initiatives may finally be bearing fruit. Early this week, the World Bank released its 2012 global rankings on the ease of doing business. The World Bank report measures the ease of doing business in 183 territories based on
      449 words
    • Article, Illustration
      Lock icon And now it’s time for ‘Cainesian’ economics
      996 18  -  Former pizza salesman Herman Cain could well be next Republican presidential candidate LEON HADAR Washington Correspondent POP psychologists have proposed that there is a certain kind of woman who consistently tends to reject Mr Right, the trustful, responsible, hard-working and intelligent man who
      AP  -  996 words
    • Article, Illustration
      Lock icon Shift to deals in barrels, bushels and bonds
      806 18  -  THE BOTTOM LINE JEFFREY FRANKEL The writer is professor of capital formation and growth at Harvard University THE prices of hydrocarbons, minerals and agricultural commodities have been on a veritable roller-coaster. While commodity prices are always more variable than those of manufactured
      806 words
    • Article, Illustration
      Lock icon Taking late bloomers aboard the entrepreneur ship
      1791 19  -  More S’poreans are becoming entrepreneurs later in their life and they need all the support the nation can give them By TEO SER LUCK THE President’s Address, the story of Singapore thus far and the journey of entrepreneurship and business have more similarities
      ALPHONSUS CHERN/ THE STRAITS TIMES PHOTO  -  1,791 words
    • Article, Illustration
      Lock icon Occupy Wall St: Beginning or end?
      580 19  -  By JOHN ROGERS The writer is president and chief executive officer of CFA Institute WHAT’S going on with the spontaneous move to occupy major financial centres? Is this the last gasp of disgust over the global financial crisis of 2008-09, or is it the
      580 words
    • Article
      Lock icon Investor protection still weak in S’pore
      390 19 LETTER TO THE EDITOR I REFER to the report “Two former Daka directors jailed as SGX effort pays off” (BT, Oct 20). It is indeed pleasing that the two directors have been held to account for their actions, and the Singapore Exchange (SGX) and
      390 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Non-ticket income for airlines surges 43.8%
      587 20  -  US carriers most aggressive in tapping this revenue By VEN SREENIVASAN [SINGAPORE] Faced with rising costs and falling seat yields, airlines have tapped successfully into their ancillary revenue streams, raking in some US$32.5 billion worldwide in non-ticket income. This is a whopping US$9.9 billion,
      REUTERS  -  587 words
    • Article
      Lock icon DHL hires new country manager
      296 20  -  By DOLLY CHIA [SINGAPORE] The world’s largest logistics specialist has named Richard Winnall as the new country manager for DHL Supply Chain Singapore after Peet Leong’s departure. Mr Leong has moved on to pursue opportunities outside the logistics industry after his recent resignation. Mr Winnall
      296 words
    • Article
      Lock icon Tanker returns hit seven-week high
      369 20 Bloomberg [LONDON] Returns for tankers hauling 2-million-bar-rel cargoes of crude oil on the industry’s benchmark route reached a sevenweek high this week as a glut of ships decreased. Daily rental income for very large crude carriers, or VLCCs, on the Saudi Ara-bia-to-Japan voyage strengthened to
      Bloomberg  -  369 words
    • Article
      Lock icon Thai Airways may go it alone on budget biz
      548 20  -  Tie-up with Tiger up in the air as Thai Airways chief spells out strategy By VEN SREENIVASAN [SINGAPORE] Thai Airways appears to have all but abandoned its planned budget carrier joint venture with Tiger Airways as it pursues a two-pronged strategy
      548 words
    • Article, Illustration
      Lock icon Beijing cuts aviation sector’s growth forecast for 2011
      480 20 Slowdown to be bad news for its airlines, global plane-makers AFP Bloomberg [SHANGHAI] China has slashed official forecasts for its aviation industry this year, with both passenger and cargo volumes hard hit by a downturn in global and domestic demand, state media
      AFP; Bloomberg; REUTERS  -  480 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 20 SGX '000 Oct 20 S$ +/-Vol CH Offshore unch unch 0 Chuan Hup Hldg 0.22 unch 46 Cosco Corp 1.00 -0.03 ***** CWT Ltd 1.00 unch 516 Ezra Hldgs 0.94 -0.02 7181 First Ship Lea 0.31 unch 708 Freight Links 0.06 unch 385 Grand Banks unch unch 0
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7903 21 Transaction date: Oct 20 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 12 8Telecom 12.5 13.5 15.5 7.8 4.9 2.6 59.9 9.5 4.1 A-Sonic 4.6 4.5 5.1 2.8 1.7 32.9 62.5
      7,903 words
    • Article
      Lock icon SGX CATALIST
      1490 22 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 13 t 800 Super 14.8cd unch 212 15.1 14.8 14.5 15.1 4.7 3.7 5.7 26.5 5.5 2.5 t AA Grp 2.8 2.8 3
      1,490 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      10062 22 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.12/ APS Alpha Fund (USD)!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.6/ Aberdeen Asset Mgt Asia Limited American Opp 0.6051/ Asian Credit Fund
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    • Article
      Lock icon GLOBALQUOTE
      224 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A38 36 46 3.6 9.2 3 99 53 25.5 Genting HK US$ US27 -0.5 ***** 27.5 26.5 27 27.5 1777.8 18 10 OGL Resources
      224 words
    • Article
      Lock icon SGX ETF
      820 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 118 116 120 538.6 1261 856 CIMBAsean40 100US$ US953 946 38.1 ***** ***** DBXT AUD Bonds 5AU$ A***** 44.6 *****
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 23 In local curr In S$ In US$ dy yr dy yr dy yr Oct 19 Index Change Change Change Change Change Change World Index Preliminary 820.8 0.3 -8.6 0.0 -8.7 0.6 -7.5 EAFE Preliminary 683.4 0.4 -14.7 0.6 -13.4 1.2 -12.2 Europe Preliminary 1011.5 0.5
      374 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      135 23 As on 19 October 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS GOLD FUT DEC2011 1665.20 1644.00 1647.20 1652.90 SILVER FUT DEC2011 32.085 31.310 31.285 31.835 CURRENCY AUD-USD FUT DEC2011 1.0275 1.0157 1.0164 1.0159 EUR-USD FUT DEC2011 1.3861 1.3740 1.3746 1.3735 GBP-USD FUT DEC2011
      135 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      79 23 CRUDE OIL PRODUCTS Oct 19 Oct 19 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.12 1.63 WTI (Near Mth) 86.11 -2.35 Dubai (1-Mth F) 106.40 1.44 Tapis blend 118.95 0.39 Minas 112.15 0.39 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.56 0.23 Jet Kerosene 125.63 0.93 US$/barrel
      79 words
    • Article
      Lock icon CHICAGO BOT
      109 23 Oct 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 11 1225.00 1250.75 1259.00 1223.00 Jan 12 1231.25 1256.25 1264.00 1230.00 Mar 12 1238.50 1262.50 1270.00 1237.00 May 12 1243.75 1266.50 1273.50 1242.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 11 51.48
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    • Article
      Lock icon GOVERNMENT SECURITIES
      81 23 Oct 20 Oct 20 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 19.01.2012 0.26 1-Year BY*****X 02.05.2012 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.51 103.53 103.53 5-Year N*****0W 1.125 01.04.2016 102.61
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      460 23 Oct 20 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4600 0 1089 Mar12 99.3850 0 3678 Jun12 99.3550 0 1101 Sep12 99.3450 0 726 EUROYEN TIBOR FUTURES Dec11 99.6725 0 2179 Mar12 99.6700 50 2378 Jun12 99.6725 0 1470 Sep12 99.6700 0 610 Dec12 99.6700
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    • Article
      Lock icon SGX FUTURES
      169 23 Oct 20 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Nov 11 393.4 393.4 382.0 1 280 Dec 11 382.0 379 Jan 12 382.0 237 Feb 12 382.0 140 Mar 12 385.0 267 Apr 12 385.0 384.5 387.0
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    • Article
      Lock icon LONDON METALS
      70 23 Oct 19 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2160.00 2184.25 3 months 2182.00 2208.00 Copper, Grade A (US$/tonne) Cash 7196.75 7136.00 3 months 7210.00 7448.00 Lead (US$/tonne) Cash 1846.50 1901.00 3 months 1870.00 1925.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon LIFFE
      84 23 Oct 19 Oct 19 COCOA (£/tonne) Close Prev High/Low Dec 11 1687 1684 1697/1667 Mar 12 1706 1702 1715/1687 May 12 1721 1717 1731/1704 Jul 12 1734 1732 1745/1720 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1872 1886 1948/1866 Jan 12 1899 1913 1975/1896 Mar 12 1929 1939 2001/1927
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2093 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 45 52.50 31 ASJ Hldgs W*****1 0.2 0.1 200 1 4 24 17.00 4 AlliedTech W*****2 1.7 1 4 25 Aztech Grp W*****3 0.4 1
      2,093 words
    • Article
      Lock icon INTERBANK CROSS RATES
      466 23 Oct 20 Oct 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.040 6.509 0.744 7.931 50.662 90.170 0.782 11.653 3.188 1.285 88.391 44.173 1.295 8.241 0.923 30.849 31.588 0.649 1.019 Canada
      466 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 23 Oct 20 Oct 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2951 1.2955 1.0194 1.0195 Canadian dollar 1.2449 1.2455 0.9798 0.9802 Euro 1.7415 1.7419 1.3707 1.3708 NZ dollar 1.0075 1.0084 0.7930 0.7936 Sterling pound 1.9968 1.9973
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    • Article
      Lock icon SIBOR
      82 23 Oct 20 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon PRECIOUS METALS
      139 23 Oct 20 GOLD (US$/oz) Oct 20 Oct 19 Hong Kong 1627.00 1649.00 Oct 19 Oct 18 London 1648.99 1635.70 1650.71 1636.70 Source: Thomson Reurets CAST BAR Oct 20 (S$) Selling Buying Kilobar 71,382.91 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 160 67 5gm 454 333 10gm 811
      139 words
    • Article
      Lock icon PALM OIL
      57 23 Oct 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 11 2822 2860 2877 2822 497 6661 Dec 11 2829 2866 2883 2821 4706 ***** Jan 12 2830 2866 2880 2822 ***** ***** Feb 12 2845 2873
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    • Article
      Lock icon STOCK INDEX FUTURES
      29 23 Oct 20 Open High Sett STI Oct 2708 2708 2693 SIMSCI Oct 313.7 314.0 307.8 Taiwan Oct 260.9 262.4 255.8 Source: MF Global (S) Pte Ltd
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      123 23 As at 9am Oct 20 Oct 20 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.327 1.264 Can dollar 1.264 1.216 Euro 1.774 1.706 Sterling pound 2.032 1.954 NZ dollar 1.032 0.983 US dollar 1.283 1.234 Local dollars to 100 units
      123 words
    • Article
      Lock icon INTERBANK RATES
      2357 23 Oct 20 The Business Times, Friday, October 21, 2011 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In US$ dy yr dy yr dy yr Oct 19 Index Change Change Change Change Change Change World Index Preliminary 820.8 0.3 -8.6 0.0 -8.7 0.6 -7.5
      2,357 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      24 23 Oct 20 Oct 20 S$ Bid Offer 1-month 1.2705 1.2707 2-months 1.2704 1.2707 3-months 1.2701 1.2705 6-months 1.2681 1.2685 Source: OCBC
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5131 24 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
    5,131 words
  • Page 24 Advertisements
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      40 25 elia Can they find your services here in the Shipping Times? FREIGHT FORWARDER urgently needed by shippers n Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT *****327 SHIPPING TIMES
      40 words
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      Lock icon Page 25 Advertisements Column 2
      19 25 USE THIS SPACE TO SELL CALL JOE WO IMG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES
      19 words
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  • executive lifestyle
    • Article, Illustration
      Lock icon Banking on all that jazz
      2145 26  -  Despite Singapore’s sparse jazz club scene, the genre continues to thrive here. CHRISTOPHER LIM delves into the venues and players keeping the music art form alive CHRISTOPHER LIM IFyoumeasurethe healthofajazzsceneby thenumberof clubs there are, then Singaporean jazz is in trouble. There isn’t a local club
      2,145 words
    • CINEMA
      • Article, Illustration
        Lock icon Writers caught up in e-crossroads
        728 27  -  WRITER’S FESTIVAL 2011 By DEBBIE YONG IT IS still considered murky waters in Singapore, so when faced with whether or not to bow to the e-publishing trend, children’s book writer Joanna Wong decided to dip her toe in rather than take the plunge. The first
        728 words
      • Article, Illustration
        Lock icon Mississippi yearning
        709 27  -  Viola Davis and Octavia Spencer breathe glorious life into The Help, a taut retelling of racial divides in the film adaptation of the best-selling novel by Kathryn Stockett, reviews DYLAN TAN IT’S almost inevitable that Kathryn Stockett’s debut novel The Help gets the big-screen treatment. The story about
        709 words
      • Article, Illustration
        Lock icon One Day too little, too late
        688 27  -  By GEOFFREY EU AFTER the myriad delights of An Education (2009), director Lone Scherfig’s assured and impressive coming-of-age tale about a schoolgirl on the cusp of adulthood in 1960s England, there is reasonable justification for thinking that One Day which chronicles the relationship between
        688 words
      • AROUNDTOWN
        • Article, Illustration
          Lock icon Larasati’s South-east Asian art trove
          238 27 AUCTION bigwig Larasati Auction House is back with its second auction of the year. Presenting Indo European, Modern Masters Established Artists of Southeast Asia, the auction will be bringing in hidden gems of Southeast Asian art to Singapore for the first time. This time, the
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        • Article
          Lock icon Christie’s autumn collectibles
          177 27 CHRISTIE’S Autumn 2011 Sales are just around the corner, taking place from Nov 25 to 30 at the Hong Kong Convention and Exhibition Centre. And to whet your appetite, there’s going to be a preview this weekend here in Singapore. The sales will span a spectrum of
          177 words
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          Lock icon Rock to the 1960s
          202 27 CALLING all rock fans of the 1960s and 1970s. If you haven’t been to Vue Privee’s exhibition, Rock Re-Awakens, this weekend is your last chance to. The exhibition, which features iconic images of eminent rock bands of that era will be ending on Sunday. It reveals
          202 words
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          Lock icon Walk on the wild side
          192 27  -  Compiled by NATALIE KOH It’s not every day that you can enter a world where you can physically interact with art. But at the Institute of Contemporary Arts Singapore, you can. In Green Room, an interactive creative environment by artist Vincent Twardzik Ching, you get
          192 words
    • MUSIC/ENTERTAINMENT
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        Lock icon Crossover chameleon
        829 28  -  Rock Symphonies David Garrett Universal DVD rating: B+ CD: B German violinist David Garrett may straddle pop-rock and the classics with the greatest of ease, but his multi-million-dollar Stradivarius attests to his classical chops, writes CHRISTOPHER LIM WHEN classical musicians cross over into pop or rock music, it
        PHOTO OF SINGAPORE GIG: AMOS WONG  -  829 words
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        Lock icon Steinway tunes in
        550 28  -  By MELISSA LWEE-RAMSAY DANA MESSINA, of Steinway Musical Instruments Inc, is not playing the piano. Instead, he’s fiddling with an iPad showing off the company’s Steinway Etude app to his staff at Steinway’s Palais Renaissance store. It’sascene thatshows howacompanyso steeped in tradition can also move with the
        PHOTOS: STEINWAY SINGAPORE; DANA MESSINA BY ARTHUR LEE  -  550 words
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        Lock icon Music show vet flies into town
        596 28  -  By DYLAN TAN IF veteran Australian concert promoter Michael Chugg could have had it his way, he’d have been the next Elvis Presley. “Thing is, I can’t sing,” he jokes. “So I did the next best thing; put on shows.” The 65-year-old flew into
        596 words
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        Lock icon Social scores
        575 28  -  GAMING REVIEW By CHRISTOPHER LIM THERE are plenty of games on social networking website Facebook, such as Farmville, but most of them are too repetitive, and none of them have offered a proper fantasy role-playing game (RPG) experience till now. Dungeons Dragons: Heroes of Neverwinter is a surprisingly
        575 words
    • WINE
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        Lock icon Burgundy beginnings
        1112 29  -  Reap the sweet fruit of your Burgundy adventures, writes N K YONG A WINE enthusiast exclaimed to me last week: “Burgundyissodifficult!”AgreatBordeaux enthusiast, he was reluctant to venture into what has often been named a “mine-field”.Icanwellunderstandhis“con-sumer-resistance”. It took me more than 10 years including yearly visits to Burgundy before
        1,112 words
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        Lock icon China cabernet makes the cut
        526 29  -  By CHRISTOPHER LIM SNOBBERY is just one of the challenges Chinese wine has to face when going up against Europe and the United States. There’s also experience winemaking in China can only be measured in decades, while France has been doing it for centuries. ButHeLanQingXuewineryinChina’sNingxiaregiondefied
        526 words
    • ARTS
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        Lock icon Heart for the arts
        607 30  -  By CHEAH UI-HOON A NEW art retail space has popped up in Millennia Walk, managed by an initiative of a social art enterprise which hopes to make a difference not just in the art community but in society at large. Social Creatives Museum is the newest
        607 words
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        Lock icon Voilah! It’s bigger and better
        518 30  -  The fourth Voilah! French festival here showcases more than 20 must-see events running the gamut from fashion and Impressionist art to graffiti and gourmet fare, previews CHEAH UI-HOON FRENCH-SINGAPORE collaborations form the core of activities in the nine-week Voilah! French Festival in Singapore this year.
        518 words
      • Highlights of collaborations in Voilah!, Oct 25 to Dec 15, 2011
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          Lock icon Musee D’Orsay readings
          82 30 Oct 26 and 29, 7.30pm-9.30pm, National Museum of Singapore Listen to contemporary writing being read out next to the “glow” (of art appreciation, if not light) of Vincent Van Gogh’s Starry Night. Readers such as Chinese writer Chan Koon Chung and Canadian poet Cheran as well as
          82 words
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          Lock icon French twists:
          39 30 Up The Sky Festival (Dec 6) presents Petites Planetes by indie filmmaker Vincent Moon (left), a new project based in South-east Asia, which is part of a unique collection of archives and experiments from his global forays
          39 words
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          Lock icon Singapore Fashion Film Festival and Women’s Fashion Week
          117 30 Oct 21-Nov 6, various times, Sinema Old School, 11B Mount Sophia and Alliance Francaise Theatre, 1 Sarkies Road (refer to www.fashionfilmfestival.sg for details) Premiering at the festival will be The Underground Stage, a 10-part reality documentary about the ins and outs of
          117 words
        • Article
          Lock icon La Paulee de Singapour
          66 30 Dec 4, 12pm to 9pm, Fort Canning Park Wine fans in New York, San Francisco and Aspen celebrate the end of the grape harvest in Meursault, Burgundy along with with the Burgundians, so why not Singapore? The traditional La Paulee de Meursault is going to be
          66 words
        • Article
          Lock icon Off the Wall-Down by Law in Singapore, Lah!
          121 30 Nov 19, 6pm-10pm, Art Space Helutrans, 39 Keppel Road, #01 -05 Tanjong Pagar Distripark Youcan’tgetanymore contemporary than graffiti art even though it’s seen as punk and illegal here. The fact of the matter is however that graffiti art is quickly being recognised
          121 words
        • Article
          Lock icon Urban Dance Tales
          37 30 Dec 10, time to be confirmed, SOT A, 1 Zubir Drive Singapore hip hop school O School and French-Laotian choreographer Ole Kamchanla will mix their dance styles to tell “urban tales” from different angles.
          37 words
        • Article
          Lock icon Saycet, White Shoes and The Couples Company, B Quartet
          72 30 Nov 8, 8pm, Main Theatre at LaSalle, College of the Arts For one night only, three bands will share the stage with their eclectic brand of music. Franco-Lao outfit Saycet will performing for the first time in Singapore, sharing the bill
          72 words
        • Article
          Lock icon La Carte de Tendre Revisited
          69 30 Dec 6, 7pm, The Substation Theatre, 45 Armenian Street Singapore-based French artist An dree Weschler and Singaporean Lynn Lu revisit this “map of love” and propose a new reading of La Carte De Tendre with video installation and performance art. La Carte was a French
          69 words
      • Article, Illustration
        Lock icon Yin and young
        574 30  -  By CHEAH UI-HOON THE last time top French ballet dancer Sylvie Guillem graced Singapore’s stage, she was the one who with her exquisite dancing held together an experimental collaboration with Canadian theatre doyen Robert Lepage and British choreographer Russell Maliphant. Guillem returned to Singapore’s Esplanade this year
        574 words
      • Article, Illustration
        Lock icon Labyrinth of love
        665 32  -  Christine Ay Tjoe’s site-specific installation evokes a warm sense of coming home with a cocoon of lush textures, reviews NATALIE KOH By NATALIE KOH STORIES from the Bible were much translated into art in the olden days, and have continued to remain an occasional theme in contemporary
        665 words
      • Article, Illustration
        Lock icon The eyes have it
        640 32  -  By NATALIE KOH THERE is a saying: Eyes are the windows to your soul. And if you look at Korean artist Hyung Koo Kang’s portraits, you’d probably agree. Hyung Koo Kang: The Burning Gaze, an exhibition of the Korean portrait artist’s works at the Singapore Art
        640 words
    • FESTIVALS AROUND THE WORLD
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        Lock icon Jazzing up Berlin
        1032 31  -  For five days in November every year the German capital dances to the slick tunes and smooth beats of jazz music. By MICHELLE YEO The writer is a student at the University of Chicago Brought to you by Ascott EVERY year in November, the world’s most famous
        DD RIDER; ROB O’CONNER; SOFIA SABEL; ANDRZEJ TYSZKO  -  1,032 words
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      175 29 L A •v >'+ J t m H ?s :4b: \k V v .1 'I m N» ff, a w u JIN SHAN PRESENTS THE KING OF HAIRY CRABS This season, Jin Shan is proud to welcome a very special visitor from the famed lake of Tai Hu in Jiangsu.
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  • Page 30 Miscellaneous
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      330 30 CRYPTIC CROSSWORD Across 1 Fellow feeling ill initially on going beyond limit (10) 6 Doctor gets a call to stop (4) 10 Potato put over counter (5) 11 Odd characters in book turning page practising religion (9) 12 Dismiss radioactive hazard (7) 13 Beam, it being time to release from
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      147 31 'kl WW THE Make Yourself at Home ASCOTT LIMITED A Member of CapitaLand Take time to unwind, for a few nights or more. Being away doesn't mean you have to miss the comforts of home. Feel free to stock up the fridge and indulge your kids with their favourite snacks.
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      41 32 Every journey began in Africa. Ali and Bono wear Edun; Ali carries the Louis Vuitton/Edun collaborative bag. Profits from the bag, as well as Ali and Bono's fee benefit Conservation Cotton Initiative Uganda Follow Ali and Bono on louisvuitton.com LOUIS VUITTON
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  • THE BUSINESS TIMES Business Excellence
    • Article, Illustration
      Lock icon Key to productivity gains
      710 1 The business excellence framework helps to raise productivity by priming organisations to adopt a total approach that covers leadership, planning, information, people, processes, customers and results HE highly volatile and uncertain environment of today requires organisations to strengthen their business and management capabilities to drive and
      710 words
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      Lock icon Serving justice with heart
      1127 2  -  Chief District Judge Tan Siong Thye tells MINDY TANhow the Sub Courts are working towards being more efficient and accessible MINDY TAN WHEN it comes to the law, there may be no grey between black and white, but a first-class judiciary is more than just a
      1,127 words
    • Article
      Lock icon An enriching exchange of best practices
      412 2 This article is contributed by SPRING Singapore THE third Business Excellence Global Conference and the 17th Asia Pacific Quality Conference, themed “Productivity Enabling Business Excellence”, was held from Oct 18 to Oct 19, 2011. The conference brought together leaders from premier business excellence organisations,
      412 words
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      Lock icon ITE care culture transforms lives
      1102 4  -  MINDY TANlooks at how the institution uses hardware, software and heartware to engage students and maximise learning MINDY TAN ENHANCING the value and attractiveness of vocational and technical education (VTE) is clearly an aim that the Institute of Technical Education (ITE) holds dear. Established as
      1,102 words
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      Lock icon Putting the customer first
      1335 6  -  National Library Board CEO Elaine Ng talks to MINDY TANabout e-books, the next generation libraries and keeping its users happy MINDY TAN WHO’S afraid of the big, bad e-book? The internet, and in particular e-books, or electronic books, were for awhile helmed as the slayers that
      ARTHUR LEE  -  1,335 words
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      Lock icon When paying tax becomes a breeze
      1219 8  -  MINDY TANlooks at the many initiatives by IRAS to simplify filing and payment while ensuring that S’pore has a competitive tax system MINDY TAN “THERE are only two things that are certain in life: death and taxes,” says the Inland Revenue Authority of Singapore
      1,219 words
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      Lock icon Teckwah boldly steps out of the box
      1252 10  -  MINDY TANtraces how chairman Thomas Chua moved the box-manfuacturing company out of its comfort zone into the business of providing solutions MINDY TAN IT was by thinking out of the box, that Thomas Chua, chairman and managing director of Teckwah Industrial Corporation managed
      1,252 words
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      Lock icon Nanyang Poly lives up to its innovation motto
      1141 10  -  By MINDY TAN ASK Chan Lee Mun, principal and chief executive at Nanyang Polytechnic (NYP) what keeps him up at night, and he will probably tell you how to stay one step ahead of the innovation curve. After all, NYP’s motto “the
      1,141 words
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      Lock icon Tapping on human adaptability
      951 12  -  Yokogawa Electric Asia sees the unique human capability to adjust to circumstances as key to enhancing productivity. reports MINDY TAN UNDERSTANDING how to exploit human capabilities instead of blindly turning to machines to enhance efficiency is the way that Yokogawa Electric Asia has managed to enhance
      YEN MENG JIIN  -  951 words
    • Article, Illustration
      Lock icon Behind the Raffles Institution curtains
      1151 14  -  Involving staff in charting the school’s strategic thrusts and direction has helped build its brand as a premier learning institution in Asia, principal Lim Lai Cheng tells MINDYTAN MINDY TAN WHILE much has been said of the calibre of Raffles’ students, it is not often
      YEN MENG JIIN  -  1,151 words
    • Article, Illustration
      Lock icon Developing business excellence initiatives
      750 14 Spring Singapore has been facilitating best practice sharing by organising conferences and workshops in the region THE business excellence framework underpinning the Singapore Quality Award (SQA) is based on universally accepted standards that are found in the US Malcolm Baldrige National Quality Award, EFQM (European Foundation
      750 words
    • Article, Illustration
      Lock icon Embarking on the excellence journey
      2051 16 Adopting the business excellence framework provides a holistic standard that covers all the critical factors, processes and areas of improvement in an organisation’s performance THE business excellence initiative helps organisations know where they are on the excellence journey and what they need to do to
      2,051 words
    • Article
      Lock icon How awards are managed
      306 16 THE business excellence awards are managed by a three-tier administrative structure comprising the SQA governing council, a management committee and a panel of assessors. The three-tier administrative structure comprises: NThe SQA governing council draws up policies and guidelines for the awards programme and approves the award
      306 words
    • Article, Illustration
      Lock icon Punching above their weight
      933 18  -  Maybank S’pore staff are passionate and committed, thanks to a corporate culture that creates trust and respect, reports MINDY TAN IT MAY be small, but it packs a mean punch. Maybank Singapore’s staff strength may represent only 3.5 per cent of total employees in the group,
      933 words
    • Article, Illustration
      Lock icon It pays to be customer-centric
      621 20 The multi-agency initiative helps organisations upgrade their service and improve customer satisfaction, leading to a healthier bottom line THE Customer-Centric Initiative (CCI) is a multi-agency initiative spearheaded by Spring Singapore and the National Trades Union Congress (NTUC) with representatives from the Workforce Development Agency (WDA),
      621 words
    • Article, Illustration
      Lock icon Seeking out and improving on best practices
      539 20 JACK Welch in his book Winning (2005) gave this advice on strategy and sustainable competitive advantage “Relentlessly seek out the best practices to achieve your big aha, whether inside or out, adapt them, and continually improve them. Strategy is unleashed when you have
      STOCKXCHNG  -  539 words
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      Lock icon The SMART way to sharpen edge
      623 20 IN 2007, Spring Singapore launched the SME Management Action for Results (SMART) initiative to help small and medi-um-sized enterprises (SMEs) develop business management capabilities using the business excellence framework with the aim to enhance their competitiveness. To date, SMART has helped 180 SMEs develop
      623 words
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      Lock icon Keppel Fels driven by innovation
      521 21  -  MINDY TANfinds out how the company encourages this practice which has successfully led to a variety of offshore applications MINDY TAN KEPPEL Corp’s shipyard unit, Keppel Fels, is well aware of the importance of innovation to help it stay ahead of competition. For them, the
      521 words
    • Article
      Lock icon A valuable learning experience for assessors
      646 21 BEING a business excellence assessor has been a fulfilling experience for Peter Siah, assistant director, financial planning analysis, at the Singapore General Hospital. “Passion and the conviction to serve have been the primary motivational factors behind my active contributions as a business excellence assessor.
      646 words
    • Article
      Lock icon A rewarding pursuit
      28 22 Four companies tell BT of the strategies they have implemented in their organisations as they work towards business excellence, and how this has impacted business
      28 words
    • Article, Illustration
      Lock icon Eric Brand, general manager & director of operations, Amara Singapore and Amara Sanctuary Resort Sentosa
      236 22 Eric Brand, general manager director of operations, Amara Singapore and Amara Sanctuary Resort Sentosa ‘REGARDLESS of the good or bad times, the pursuit of business excellence is critical to any organisation's continued success and survival. To sustain the level of competitiveness in our organisation, our systems and processes have to
      236 words
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      Lock icon Dr Jack Wang, Co-CEO, Biosensors International Group
      343 22 ‘EVERY new Biosensors employee is made aware that the drug-eluting stents (DES) we produce will someday be implanted in the arteries of a fellow human. This could potentially be someone close to us, be it a friend, a relative or even our siblings
      343 words
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      Lock icon Ong Tze Hsiung, executive director, Kiddy Palace Pte Ltd
      399 22 ‘THE pursuit of business excellence involves making continuous improvements to a business in order to achieve a competitive advantage. Constantly benchmarking oneself against industries' best business practices keeps one on one’s toes, which in turn maximises value for the customer as
      FILE PHOTO  -  399 words
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      Lock icon Leong Kok Yeong, managing director, Beca Carter Hollings & Ferner (SEA) Pte Ltd
      295 22 Leong Kok Yeong, managing director, Beca Carter Hollings Ferner (SEA) Pte Ltd ‘BECA has been certified to Singapore Quality Class and People Developer Certification since 1998 in recognition of our commitment to business excellence. To date we are still the only consulting engineering company in the building industry to be
      295 words
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      Lock icon Sky Creation keeps on pushing the limits
      721 23  -  MINDY TANtalks to CEO Sky Tan about the company’s expansion plans and why it constantly challenges itself MINDY TAN ENGAGE our interior decoration services, and enjoy a discount on your next meal. Sounds unorthodox? Sky Creation chief executive Sky Tan will probably reply
      721 words
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      27 1 Serving justice with heart PAGE 2 ITE care culture transforms lives PAGE 4 Putting the customer first PAGE 6 When paying tax becomes a breeze PAGE 8
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      32 1 CONTENTS Teckwah boldly steps out of the box PAGE 10 Nanyang Poly lives up to its motto PAGE 10 Tapping on human adaptability PAGE 12 Behind the Raffles Institution curtain PAGE 14
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      29 1 Embarking on the excellence journey PAGE 16 Punching above their weight PAGE 18 Keppel Fels driven by innovation PAGE 21 Sky Creation keeps on pushing the limits PAGE 23
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      186 2 The Singapore Quality Class Certification 2011 affirms our commitment to quality education SINGAPORE QUALITY CLASS FTMSGIobal, established in 1986, is in Asia and Africa today. Our success lies in our ability to adapt to and transform ourselves in Singapore's dynamic business environment. We have been training students for the accounting
      186 words
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      526 3 When we put our people first, our people put our customers first Maybank Singapore. The first financial institution to win the People Excellence Award 2011. When we set out on our journey to put "People First", we didn't envision the result. But today, we are the proud recipients PEOPLE of
      526 words
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      227 4 Learn ingHub ft,t f t v a it r/r if t't A t A s //f a r i f r ft a n t ft A// tt tb rfc fit A A r; LHUB' Achieves Business Excellence At NTUC Learninghub, we have an on-going commitment to excellence in the
      227 words
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      279 5 [I CREA TION v oiiAim SINGAPORE QUALITY CLASS m N B Cl N L o o u n a r e s o m s I Q The Skys the h r V* is V 1 As testament to our vision of elevating the standards of interior design, we at
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      261 6 RadLink Medicare RadL 'nk Medica,, Hf BW Tampines SINGAPORE SERVICE C A We offer you health and peace of mind RadLink Medicare is proud to have been certified with the Singapore Service Class in 2011. Achieving this prestigious certification is indeed a resounding endorsement of our commitment towards service excellence.
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      156 7 mOnce again with flying colours. With a clear vision, flexibility in operations, energy of our staff and support trom our customers and business partners we overcome all odds and soar to greater heights. Teckwah is a group of companies providing a full suite of services that make strategic differences to
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      160 8 1 ft r-\ n n rCZ m Internet <*i.. I oi iAim SINGAPORE QUALITY CLASS ISEP-E-Industrial System Engineering Products ISEP(S) Pte Ltd is honoured to receive the prestigious Singapore Quality Class Certification We embarked on this journey towards business excellence with the objective of taking our organisation to a new
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      133 11 Libraries for Life Building Blocks for Lifelong Learning SINGAPORE QUALITY AWARD luiAineM excellence 2011 WINNER PEOPLE EXCELLENCE SERVICE EXCELLENCE AWARD AWARD 2010 WINNER 2009 WINNER <S FRVIPF If INNOVATION INNOVATION EXCELLENCE AWARD 2001 WINNER At NLB, we believe that the pursuit of knowledge should never end. Through our libraries, we
      133 words
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      1088 13 Excellence Honour Roll 2011 These are the organisations that have been certified from 1 November 2010 to 30 September 2011 QUALITY CL SINGAPORE QUALITY CLASS STAR Beca Carter Hollinqs Ferner (S.E.Asia) Pte Ltd Defence Science Technology Agency Global Indian International School East Coast Campus Greenpac (S) Pte Ltd Intellectual Property
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      364 15 YOKOGAWA IS HONOURED TO BE THE WINNER OF SINGAPORE QUALITY AWARD 2011 or SINGAPORE QUALITY AWARD buUneM excellence 2011 WINNER J je x3 9 H Y, I lb i V V Over the years, we have grown and expanded to become the global production centre for Distributed Control Systems and
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      168 17 INNOVATION EXCELLENCE AWARD 2009 WINNER SINGAPORE ow luAiweM excellence 2011 WINNER /w PEOPLE EXCELLENCE AWARD 2005 WINNER h .fnnovative pot y chnlc m, 0 m V r NANYANG POLYTECHNIC is honoured to be conferred the SINGAPORE QUALITY AWARD We dedicate this Award to everyone, past and present, in the Nanyang
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      151 18 YOU ARE THE MOTIVATION ACHIEVEMENT. IP Fair Price jfiaft My Fn/rPr/cef fcf A 0 I r A Jf) V ;0 0 r Fair Price CMUA r.OH lO N H R* 7h R" a SINGAPORE SERVICE CLASS It is our honour to be the first supermarket chain in Singapore to be
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      179 19 Singapore Quality Award with Special Commendation m. '/fm A i a •V r V e Qt °s, •X V#\ V f •x I •x a x 1 s» v, V > y fx n 5C r v T\ m <<S Xv \W ■VJ V vtt 1 Ss X*> M vX
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      665 21 SERVICE CLASS Pushing the Envelope in Excellence Achieved Singapore Service Class Status A i j For over 150 years, Singapore Post Limited (SingPost) has been delivering a trusted and reliable service to individuals and businesses in Singapore. As a trusted brand, SingPost constantly pushes the envelope, offering more choices and
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      74 23 SINGAPORE SERVICE CLASS We have made it. The Singapore Service Class The Singapore Service Class recognises business excellence in service leadership and agility, customer delight and experience. As Singapore's largest retail and lifestyle destination, we strive to provide excellent service with new and creative city ways to enhance your shopping
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      872 24 NURTURING Yusof Ishak. Tommy Koh. Koh Cher Siang. Bey Soo Khiang. Daren Shiau. Viswa Sadasivan. Aubeck Kam. Noor Effendy Ibrahim. Corrinne May. Leslie Yeo Choon Hsien. Lim Soon Hock. Alvin Pang. Lim Jit Poh. Yong Mee Swee Micky. Aaron Maniam. Rainer Ng. Heng Swee Keat. Selena Tan. Tan Guan Heng.
      872 words