The Business Times, 28 January 2010
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2010-01-28
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The Business Times
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Title Section23 2010-01-28 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, January 28,201023 words
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840 2010-01-28 1 MICHELLE QUAH, EMILYN YAP - But others point to need to replenish the govt coffers By MICHELLE QUAH, EMILYN YAP [SINGAPORE] Balancing the needs of the population in these still-fragile economic times won’t be an easy task; this year’s Singapore Budget will have to840 words
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Article141 2010-01-28 1 ST INDEX 2,706.26 (-34.07) ST INDEX FUTURES 2,706.00 (-34.00) SIMSCI 322.52 (-4.41) SIMSCI FUTURES 322.60 (-4.10) FOREX US$ S$ US$ (S$ per US$) 1.405 (US$/S$ per 1.615 2.269 EURO (US$/S$/E) 1.406 1.976 Foreign currency per US$ S$ YEN 89.40 63.60 RM 3.428 2.439 HK$ 7.775 5.533 BAHT 33.04141 words
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Article, Illustration584 2010-01-28 1 VEN SREENIVASAN - 21/2 years of growth in passenger markets, 31/2 years in freight business lost for good By VEN SREENIVASAN [SINGAPORE] Last year was the worst year for the global aviation industry in almost 60 years, according to the International Air Transport AssociationREUTERS - 584 words
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Advertisement234 2010-01-28 1 BizIT SAP sees changes at the top PAGE 26 HOCK LOCK SIEW Political risk now a factor on Wall Street PAGE 6 WEF Singapore to host meeting of 3G ministers PAGE 14 OPINION New populists shifting centre of US politics PAGE 24 PROPERTY Henderson eyes US rental homes, raising US$400m234 words
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TOP STORIES
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Article565 2010-01-28 2 Crash of ’09 wiped out years of airline growth LAST year was the worst year for the global aviation industry in almost 60 years, according to the International Air Transport Association. Releasing its December and full-year 2009 demand statistics for international scheduled air traffic, Iata said the industry565 words
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598 2010-01-28 2 UMA SHANKARI - Possible cap on PR proportion in every HDB neighbourhood and block By UMA SHANKARI [SINGAPORE] THE Housing Development Board (HDB) is considering setting a cap on the proportion of permanent residents (PRs) allowed in every HDB neighbourhood and block. The possible move598 words
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654 2010-01-28 2 OH BOON PING - By OH BOON PING [SINGAPORE] The consensus opinion seems to be that China’s business fundamentals will remain favourable. But both analysts and Singapore companies with sizeable presence in China will keep a close eye on developments there, after last week’s news654 words
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Article, Illustration501 2010-01-28 2 OH BOON PING - By OH BOON PING [SINGAPORE] A new magazine that focuses on the needs of Singapore’s small and medium-sized businesses is hitting the streets, and it is a must-read for business leaders seeking to operate more effectively in new markets. A collaboration between The Business Times,ARTHUR LEE - 501 words
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Article, Illustration909 2010-01-28 4 NEIL BEHRMANN - Latest moves in US, China fuel jitters in overbought stock, commodity markets By NEIL BEHRMANN GLOBAL investors face a testing time in coming weeks after being excessively bullish at the beginning of the year. There are several areas of uncertainty. First, China’s government hasREUTERS - 909 words
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Article303 2010-01-28 4 Reuters [SINGAPORE] Asian stocks fell yesterday for the ninth straight day on fears that China’s heightened efforts to rein in soaring credit growth could hamper global economic recovery. China’s largest bank, Industrial and Commercial Bank of China, has stopped rolling over some loans to slow creditReuters - 303 words
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535 2010-01-28 4 ANTHONY ROWLEY - By ANTHONY ROWLEY CHINA overtook the United States as Japan’s leading export destination last year for the first time since records were kept in 1979, as Japanese shipments to the world’s largest economy crashed against a background of deep economic recession in the535 words
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720 2010-01-28 4 CHUANG PECK MING - It places 18th of 25 for focus towards talent development By CHUANG PECK MING Source: Hewitt [SINGAPORE] Olam International is the only Singapore company that made it to the 2009 Global Top Companies for Leaders a ranking of companies with great leadership talent.Source: Hewitt - 720 words
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Page 2 Advertisements
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Advertisement145 2010-01-28 2 Pest, Odour, Mosquito or Flies Problem? tO J2 We Have The Solution! uri Singapore M ft. r "i H' Sr ~> I MM 1 S ei if! 5%; m ...o"Quality Life 3" "Quality Life Personal" "Quality Life "Litehouse" "Quality Guard" (QL3) Ozoniser (QLP) Ozoniser Commercial" (QLC) (LH) Ozoniser (QG) Ozoniser145 words
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Advertisement12 2010-01-28 2 Going all out to help SMEs make that giant leap, Page 912 words
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Advertisement109 2010-01-28 3 The World Is Now It's a big world out there; just today it seems a little less daunting. Nokia's Ovi Maps with navigation are now available for free, worldwide and forever on a wide range of Nokia smartphones. It's Voice Guided Navigation on your mobile. So get out there, there109 words
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Advertisement212 2010-01-28 4 Panasonic ideas for life The IP Office Communication Promotion That Will Get All Businesses Talking In 2010 L HarKa Share Analysis I OO oo OO oo Enhance your business with an integrated SIP solution designed to meet your ever changing needs supports companies with distributed and geographically diverse office locations212 words
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COMPANY NEWS
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Article, Illustration729 2010-01-28 5 KALPANA RASHIWALA - But weaker room rates drag down RevPAR by 13.6% to $159 in Q4 ’09 By KALPANA RASHIWALA CDL Hospitality Trusts (CDLHT), a favourite stockmarket proxy for the improving outlook for Singapore’s tourism sector, achieved an average occupancy rate of 88.9 per cent for its fiveFILE PHOTO - 729 words
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306 2010-01-28 5 VINCENT WEE - By VINCENT WEE KEPPEL Corp’s rig-building unit Keppel Fels (KepFels) has grabbed its first newbuild rig order for the year with a contract to build a jackup for Aramco Overseas Company BV, a unit of Saudi Arabia’s national oil company Saudi Aramco.306 words
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408 2010-01-28 6 JAMIE LEE - A sister of Oei Hong Leong, she acquires 59.83% stake in the company By JAMIE LEE A MEMBER of Indonesia’s Widjaja family has acquired a 59.83 per cent stake in Catalist-listed Top Global, triggering a mandatory unconditional cash offer that values the408 words
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Article356 2010-01-28 6 JOYCE HOOI - By JOYCE HOOI JURONG Cement Ltd (JCL) announced yesterday that the percentage of its shares in free float had fallen below 10 per cent. JCL is the takeover target of its controlling shareholder, Holcim Investments Singapore. The latter had made an unconditional and voluntary356 words
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469 2010-01-28 6 JOYCE HOOI - By JOYCE HOOI WITH the Brookstone write-off a relic of 2008, OSIM International turned in a buoyant 27 per cent year-on-year growth in sales to $141 million and a net profit of $8.1 million for the fourth quarter of 2009, after posting469 words
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523 2010-01-28 6 ARTHUR SIM - By ARTHUR SIM ANALYSTS at the Royal Bank of Scotland (RBS) have raised their forecasts for crude palm oil (CPO) prices for the next three years by 16-20 per cent. They cited a more severe El Nino effect on weather523 words
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782 2010-01-28 6 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY IT’S often difficult to separate politics from finance and economics but it’s been a long time since Wall Street had to contend with heightened political risk. Between 2001 and 2008 under the Republicans, the stock market782 words
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403 2010-01-28 6 CONRAD TAN - By CONRAD TAN SINGAPORE investors are among the most confident in Asia that the worst of the fallout from the financial crisis is behind them, a new survey showed yesterday. Dutch financial services group ING said that an investor sentiment index that it compiles403 words
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Article142 2010-01-28 6 A li d yidllt Ftill year ended Doc 2009 Q4 ended Dec 2009 HFI PROFff (J3m| TURNOVER <tsni} +JEt i'HOflT 155(711 IU3H0VFH li!mi OWtENl rRF»TOU5 ><HNC ClfSBtT flflWOUJ c .a*c aJ1TO<T PREYWuJS ClHttW F)I£V10U3 CKMG 1 Keppel C«p 1625.12 1097.97 -16.0 *****.12 *****.4 a 3,7 280,73 264,09142 words
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Article547 2010-01-28 7 SAMUEL EE - Impairment of goodwill among factors cited; Q3 revenue up 2.6% By SAMUEL EE THE impairment of goodwill, the fare reduction package and higher staff and repair and maintenance costs caused SMRT Corp’s net profit to slip 4.8 per cent to $39.2 million for the547 words
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340 2010-01-28 7 NISHA RAMCHANDANI - By NISHA RAMCHANDANI PROPERTY developer Hiap Hoe and SuperBowl Holdings, which owns and manages leisure and recreational facilities, are investing $300 million to open two hotels in Balestier through their 50:50 joint venture company, HH Properties. HH has appointed Wyndham Hotel Management340 words
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COMPANY BRIEFS
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27 2010-01-28 7 ST Engineering’s wholly owned subsidiary, ST Synthesis, has been awarded a $6.5 million three-year contract by the National Environment Agency (NEA).27 words
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47 2010-01-28 7 HEALTHWAY Medical Corporation has proposed to place up to 108 million new shares at 13 cents each to International Finance Corporation and up to 85.9 million shares at the same price to majority shareholders comprising One Organisation Ltd and other individuals.47 words
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32 2010-01-28 7 KOON Holdings said full-year profit for 2009 increased to $10.7 million from $1.97 million on a 10.6 per cent increase in sales to $137.3 million.32 words
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49 2010-01-28 7 CAMBRIDGE Industrial Trust posted a 9.2 per cent year-on-year rise in distributable income to $11.9 million for its fourth quarter ended Dec 31, 2009. Distribution per unit (DPU) for the quarter rose to 1.377 cents from 1.373 cents a year ago.49 words
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282 2010-01-28 7 NISHA RAMCHANDANI - By NISHA RAMCHANDANI BY leveraging on technology and raising standards for both its product quality and service levels, Thomson Medical Centre has successfully improved patient care and satisfaction. Thomson Medical’s score improved by 4.4 points to 73.3 in the 2009 Customer Satisfaction Index for282 words
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259 2010-01-28 7 VINCENT WEE - By VINCENT WEE SEMBCORP Industries is expanding its utilities business to southern China, establishing a beachhead there through an 80:20 joint venture to build, own and operate a wastewater treatment plant in the Qinzhou Economic Development Zone (QEDZ) in Guanxi province. Sembcorp259 words
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Advertisement41 2010-01-28 5 tabla! THE HEARTBEAT OF THE INDIAN C NITY THOSAI IS TOPS WJ This simple, multicultural snack enhances the flavour of India i V w ZARINE'S GOT ZEST AND BEAUTY /-k< GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST41 words
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Advertisement102 2010-01-28 5 Work-Life Excellence Award WHEN YOU PUT YOUR PEOPLE YOU ALWAYS COME OUT THE WORK-LIFE EXCELLENCE AWARD 2010 CALL FOR ENTRIES IS NOW OPEN. If your company has achieved its business goals while meeting the personal needs of its employees, enter the Work-Life Excellence Award 2010 and get the recognition you102 words
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Page 6 Advertisements
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Advertisement150 2010-01-28 6 THE MONETARY AUTHORITY OF SINGAPORE Results of auction of taxable book-entry Singapore Government Bonds to be issued on 1 Feb 2010 Tenor Total Amount Allotted Amount Allotted to Non-Competitive Applications Amount Allotted to MAS Total Amount Applied Coupon Rate Cut-off Yield Price Median Yield Price Average Yield Price of Competitive150 words
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Advertisement557 2010-01-28 7 G ARM IN www.garmin.com.sg 'M GREAT SAVINGS Purchase with Purchase* (PWP) Promotion iU h WW w nuvii46o (5) Full-featured navigation and slim pocket design 13 45 Dual Maps Preloaded (Tele Atlas+Malsing) I Malsina nuvi1350 (4.3 Ultra-thin full-featured navigation and slim pocket design (1 Lane info of approaching turns Highway mode557 words
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Advertisement152 2010-01-28 7 60% Returns on Cash in 2 years London Victorian Property Investment Zone 1, Bayswater, Prime London Location Selling at 30% below market value Entire block with 12 apartments Unique opportunity to be part of this great investment 6tn- > I Why invest in London and this development? A 2nd largest152 words
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SINGAPORE MARKETS
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Article, Illustration601 2010-01-28 8 R SIVANITHY - STI ends 34 points lower after rising 21 points early in session; KepCorp stands out with 7-cent rise STOCKS R SIVANITHY Senior Correspondent LOCAL stockbroker DMG Partners, in its Monday technical outlook, recommended that investors sell into any signs of strength they might come across duringSource: Bloomberg - 601 words
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Article64 2010-01-28 8 Jan 27 VALUE CLOSE BT OB/OS -1425.00 -26.00 BT CADI -*****.00-210.00 BT 10-day MA -*****.00-143.00 FTSE ST Mid Cap 655.82 -12.65 FTSE ST Small Cap 528.45 -10.27 FTSE ST All Share 669.25 -9.36 FTSE ST China Top 271.70 -5.40 FTSE ST China 287.45 -4.55 FTSE ST Catalist64 words
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Article186 2010-01-28 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 11 2 0 0 0 4 11 2 Manufacturing 33 97 75 5 11 14 38 108 89 Commerce 15 33 22 6 4 4 21 37 26 Tpt/Stor/Comms 6 26 9186 words
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Article, Illustration914 2010-01-28 8 JOYCE HOOI - BROKERS’ TAKE Compiled by JOYCE HOOI TOTAL rail ridership grew 4 per cent y-o-y last year, boosted by better 6 per cent y-o-y growth in Q4 2009. Q4 was the highest quarter in 2009, enjoying 177.2 million rides by commuters. In contrast, Q3Source: Bloomberg - 914 words
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Article121 2010-01-28 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 46,897 46,897 134,423 134,423 Manufacturing 692,774 20,390 713,164 398,710 1,186 399,896 Commerce 159,042 16,415 175,457 150,923 3,844 154,766 Tpt/Stor/Comms 154,354 7,183 161,537 238,788 1,547 240,335 Finance 36,632 10 36,642 265,554 1 265,555 Construction 186,951 20,437121 words
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Article113 2010-01-28 8 Stock name Close Change Stock name Close Change CapitaLand 3.740 -0.120 CapitaMall 1.670 -0.060 CityDev 10.520 -0.240 ComfortDelGro 1.590 -0.020 Cosco Corp 1.240 DBS Grp 14.000 -0.220 F&N 4.150 -0.080 Genting SP 1.040 -0.060 Golden Agri 0.500 -0.005 HK Land 4.600 -0.060 JMH 29.900 -0.120 JSH113 words
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Article, Illustration539 2010-01-28 8 CURRENCIES Reuters [LONDON] The US dollar held firm and the yen gained broadly yesterday as investors shied away from riskier assets on concerns about China tightening lending and US monetary and political wrangling. European shares were down 0.3 per cent following lossesReuters; REUTERS - 539 words
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Article61 2010-01-28 8 VOLUME Genting SP 287,282,000 Otto Marine 267,096,000 Ryobi Kiso 134,820,000 Golden Agri 108,181,000 CapitaLand 50,906,000 Oceanus 50,191,000 China Hongxing 38,447,000 Ying Li 36,190,000 Pac Andes 29,616,000 STI 2850BNPePW*****0 27,196,000 VALUE($) Genting SP 311,583,770 CapitaLand 194,074,816 Otto Marine 115,711,810 DBS Grp 108,082,900 Keppel Corp 93,254,976 Noble Grp 67,483,35461 words
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Article117 2010-01-28 8 BY CENTS CLOSE UP DBXT DJE50 10US$ 4138 61.8 1.1 DBXT FTChina25 10US$ 2753 52.0 1.4 DBXT MSEurope 10US$ 4142 45.0 0.8 GLD 10US$ ***** 39.3 0.3 Jardine C&C 2500 34.0 1.4 DBS Bk 6% NCPS 10 ***** 30.0 0.3 DBXT MSKorea 10US$ 4538 29.5 0.5 DairyFarm 616 15.5117 words
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Article118 2010-01-28 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-188.2 -1.2 DBXT FTVietnam 10US$ 4333 -77.3 -1.3 DBXT MSAsExJp 10US$ 2645 -35.1 -0.9 SIA.ES.1002 1360 -34.0 -2.4 UOB.ES.1001 1792 -34.0 -1.9 Lyxor Apex50 10US$ 364 -33.7 -6.2 STXPO 100 1440 -32.0 -2.2 OCC 3.93% NCPS10 8480 -30.0 -0.4 Capitaland.ES.1001 380 -28.0118 words
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Article87 2010-01-28 8 Where S$ stands Jan 27 CHNG YR 2010 CLOSE FR Jan 26 S$ LOW S$ HIGH US$ 1.4062 -0.04 1.4062# 1.3869 Euro 1.9736 0.40 2.0153 1.9723 Pounds 2.2665 0.73 2.2736 2.2242 A$ 1.2595 0.04 1.2923 1.2595@ Yen* 1.5730 -0.62 1.5730# 1.5027 Rupiah* 0.***** 0.17 0.***** 0.***** Baht* 4.2535 0.0587 words
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SINGAPORE NEWS
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475 2010-01-28 9 OH BOON PING - Govt assistance schemes available to help enterprises expand abroad Reports by OH BOON PING AS Singapore places more emphasis on labour productivity, more attention should be made to nurturing entrepreneurship in the city state. Speaking at the launch of the475 words
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387 2010-01-28 9 JOYCE HOOI - By JOYCE HOOI LOCAL workers might need more help learning how to play well with different nationalities, according to the latest Kelly Global Workforce Index. In the survey, Singapore ranked lower than most of its regional neighbours where having skills to work in a387 words
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375 2010-01-28 9 TEH SHI NING - Region has bright people who can be in demand globally By TEH SHI NING SINGAPORE often focuses on its need to import and attract talent from the world. But it could well position itself as an exporter of talent from Asia to the375 words
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Article, Illustration377 2010-01-28 9 SEVEN “P”s. That is the winning formula behind Hyflux’s success. At the inaugural “Going Global” forum yesterday, Hyflux CEO Olivia Lum told a ballroom of business leaders that growing a company with an initial capital of just $20,000, to a globally competitive business, starts withARTHUR LEE - 377 words
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307 2010-01-28 9 ARTHUR SIM - CCIB will also work closely with Casino Regulatory Authority By ARTHUR SIM THE Singapore Police Force (SPF) has created a new unit dedicated to investigating casino-related criminal offences. Called the Casino Crime Investigation Branch (CCIB), the unit has a staff of between 20 and307 words
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293 2010-01-28 9 KEITH CHEE - By KEITH CHEE GREENLAM Asia Pacific (Greenlam AP), a manufacturer of high-pressure laminates for the interior design industry, announced yesterday that the company had been awarded the Singapore Environment Council’s (SEC) GreenLabel certification. It is the first company globally to have its entire293 words
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Advertisement446 2010-01-28 9 MATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF HAMPSHIRE RESIDENCE PTE LTD (Co. Reg. No. *****5226W) NOTICE OF RESOLUTION FOR MEMBERS' VOLUNTARY WINDING-UP (Pursuant to Section 290) At the Extraordinary General446 words
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Advertisement397 2010-01-28 9 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF ESMON (SINGAPORE) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. **********R NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DEEMED TO HAVE BEEN HELD PURSUANT TO SECTION 179(6) OF THE397 words
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Advertisement473 2010-01-28 9 cGIANT WIRELESS TECHNOLOGY LIMITED (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of the members of Giant Wireless Technology Limited (the "Company") will be held at Singapore Management University, Administration Building, 81 Victoria Street, Function Room 4.1473 words
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ECONOMY WATCH
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517 2010-01-28 10 Current year deficit only slightly lower, hovers at levels not seen since WW Two Reuters [WASHINGTON] The US budget outlook is “daunting,” with deficits stuck at levels not seen since World War Two, congressional forecasters said on Tuesday in a report that laysReuters - 517 words
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Article, Illustration418 2010-01-28 10 NYT [WASHINGTON] With no clear path forward on major health care legislation, Democratic leaders in Congress effectively slammed the brakes on President Barack Obama’s top domestic priority on Tuesday, saying they no longer felt pressure to move quickly on a healthNYT; AFP - 418 words
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420 2010-01-28 10 Reuters Bloomberg [SINGAPORE] Greece is wooing China to buy up to 25 billion euros (S$49.5 billion) of its bonds in its efforts to avert one of Europe’s biggest debt crises, the Financial Times (FT) and the Wall Street Journal (WSJ) reported yesterday. USReuters; Bloomberg - 420 words
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401 2010-01-28 10 Central bank told to ‘burn hands’ of speculators Bloomberg [CARACAS] Venezuelan President Hugo Chavez is selling US dollars from central bank reserves for the first time in six years in what Goldman Sachs Group and Barclays say is a futile bid to shoreBloomberg - 401 words
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Article, Illustration459 2010-01-28 10 Warren Buffett tells senator Fed chief should be retained Bloomberg [WASHINGTON] Federal Reserve chairman Ben S Bernanke juggled an inter-est-rate meeting with phone calls to senators as he rolled up more support for a confirmation vote Majority Leader Harry Reid said may occurBloomberg; AFP - 459 words
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Advertisement592 2010-01-28 10 MATS) NOTICES IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF DAMAI MARITIME PTE LTD MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Company duly convened and held at 3 Shenton Way #03-12 Shenton House Singapore *****5 on 25 January 2010 at 10.00592 words
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MALAYSIA/INDONESIA
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526 2010-01-28 11 S JAYASANKARAN - But HLB’s Quek Leng Chan is likely to seal RM5b deal for bank B y S JAYASANKARAN A POKER game is developing between the major shareholders of EON Capital and tycoon Quek Leng Chan whose Hong Leong Bank (HLB) offered RM4.9 billion (S$2 billion)526 words
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304 2010-01-28 11 AFP [JAKARTA] Indonesia is hoping to raise hundreds of millions of dollars from foreign governments to fund “green infrastructure” projects, a finance ministry official said yesterday. The “Green Investment Fund” would finance an ambitious development programme designed to simultaneously boost economic growth, while reducing emissionsAFP - 304 words
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Article, Illustration483 2010-01-28 11 S JAYASANKARAN - By S JAYASANKARAN TEN people, all members of an unnamed “international terror organisation” have been arrested under Malaysia’s tough Internal Security Act (ISA) which permits detention without trial. This was revealed to reporters yesterday by Home Minister Hishammuddin Hussein after news reports surfaced overFILE PHOTO - 483 words
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364 2010-01-28 11 AFP [TANGERANG, Indonesia] Indonesia’s trade minister toured a thriving footwear factory yesterday to counter fears of a flood of cheap Chinese imports resulting from a new regional free trade pact. Mari Pangestu said that Indonesia retained a “strong competitive edge comparedAFP - 364 words
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Page 11 Advertisements
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Advertisement275 2010-01-28 11 m I 2 > 3 < 3 m z > < ?£g 3S s s*i« 5 5 5 < 5 5 $< 3 2 S3 3< j < a L9I 3< s a Sg 3 < a i 3 3 3S s < j*|\. >.& > < > < >275 words
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GREATER CHINA
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452 2010-01-28 12 They urge US govt to resist China’s indigenous innovation policies Reuters [WASHINGTON] Business groups told US Secretary of State Hillary Clinton and other top US officials on Tuesdaythey were “increasingly alarmed” by China’s moves to keep out foreign high-tech companies andReuters - 452 words
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Article, Illustration552 2010-01-28 12 China-US ties at risk over sensitivity of weapon sales AP [BEIJING] Contacts with China’s military would likely be the first to suffer if Beijing moves to retaliate over upcoming US arms sales to Taiwan the latest in a flurry of disputes elevatingAP; REUTERS - 552 words
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Article214 2010-01-28 12 Reuters [BEIJING] A Google knock-off has surfaced in China to compete with the world’s largest search engine, while at the same time pleading with it to stay in the country despite censorship and hacking allegations. Adding to China’s reputation for copies of items such as designerReuters - 214 words
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Article, Illustration479 2010-01-28 12 Bloomberg [SYDNEY] China’s lending slowdown may benefit the domestic economy by reducing risk and investors should still buy shares of the nation’s banks, investor Mark Mobius said. “I don’t see a slowdown in lending as a bad thing,” Mr Mobius, who oversees aboutBloomberg - 479 words
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562 2010-01-28 12 Reuters [BEIJING] China’s largest bank, ICBC, said yesterday that it has stopped rolling over some loans to slow credit growth after a surge at the start of the year, offering the latest evidence of a government-directed clampdown on lending. GivenReuters - 562 words
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Page 12 Advertisements
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Advertisement834 2010-01-28 12 MATS NOTICES MANDATORY UNCONDITIONAL CASH OFFER FOR SHARES AND WARRANTS IN TOP GLOBAL LIMITED BY OEI SIU HOA SUKMAWATI WIDJAJA 28 January 2010 Top Global Limited (the "Company") has announced yesterday, 27 January 2010 that the Company has received notice of a mandatory unconditional cash offer by Mdm. Oei Siu834 words
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Advertisement26 2010-01-28 12 Sft ft. Lianhe Zaobao Source of 60% of its income ow will Shanghai curb property investment? A ft 15 ±7*111 For Subscription, call 6388 3838 www.sphsubscription.com.sg26 words
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INDIA
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617 2010-01-28 13 They see losses in longer-term debts on growing budget deficit, inflation Bloomberg [MUMBAI] India’s investment managers are selling bonds and putting their funds in money markets, anticipating losses in longer-term debt as inflation quickens and the budget deficit grows. The premium for theBloomberg - 617 words
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349 2010-01-28 13 Reuters [SYDNEY] Australian conglomerate CSR Ltd rejected a US$1.4 billion offer from China’s Bright Food Group for its 150 year-old sugar business, and said it would go ahead with a planned demerger of the business, to be called Sucrogen. Analysts said that theReuters - 349 words
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Article, Illustration378 2010-01-28 13 Bloomberg [MUMBAI] State Bank of India shares dropped in Mumbai trading after the nation’s largest lender posted its weakest pace of profit growth in three years following losses on surplus funds invested in government bonds. The shares lost 106.20 rupees or more thanBloomberg; BLOOMBERG - 378 words
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Advertisement175 2010-01-28 13 January/February 2010 PRODUCED EY THE BUSINESS TIMES our SlVIEs save the economy? Incubating budding entrepreneurs Harnessing intellectual property as a valuable asset DELIVERED WITH COMPLIMENTS OF Destination: Latin America SMEs gaining prominence at Apec SPRING Singapore Enabling Enterprise Singapore DEPENDS ON THE COMPANY YOU KEEP The SME Magazine all about175 words
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ASIA-PACIFIC/WORLD
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Article, Illustration656 2010-01-28 14 RAVI KANTH - Informal coalition to discuss how it can strengthen, support global governance By RAVI KANTH IN an attempt to promote “effective global governance”, Singapore Foreign Minister George Yeo will convene an informal meeting of ministers during the World Economic Forum’s annual meeting in DavosAFP - 656 words
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Article258 2010-01-28 14 Bloomberg [NEW YORK] Yahoo! Inc reported fourth-quarter sales that topped analysts’ estimates as the online advertising market showed signs of recovery. Excluding revenue passed on to partner sites, sales totalled US$1.26 billion, above the average estimate of US$1.23 billion in a Bloomberg survey of analysts.Bloomberg - 258 words
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358 2010-01-28 14 Numbers point to softening of housing recovery LATEST US DATA Reuters Bloomberg [WASHINGTON] Sales of newly built US single-fami-ly homes fell unexpectedly in December, data showed yesterday, the latest indication that the governmentled housing recovery might be losing some steam. The CommerceReuters; Bloomberg - 358 words
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265 2010-01-28 14 AP [TOKYO] The faulty gas pedals that prompted Toyota to suspend US sales of eight of its most popular models including the Camry, America’s best-selling car are also in its vehicles sold in Europe, an official with the carmaker said yesterday. Toyota MotorAP - 265 words
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432 2010-01-28 14 AP AFP [COLOMBO] Sri Lankan President Mahinda Rajapaksa won a resounding reelection victory, state media reported yesterday, beating back a challenge from his former army chief. But his rival Sarath Fonseka rejected the results and said he feared arrest as troops surroundedAP; AFP - 432 words
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311 2010-01-28 14 Reuters [AMSTERDAM] Dutch luxury sportscar maker Spyker may have been the unlikely winner of the Saab auction, but it is likely to struggle with the real challenge ahead: converting two loss-making companies into a profitable one. After months of tortuous negotiations, Spyker sealedReuters - 311 words
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Advertisement228 2010-01-28 14 You Can win From 28 Jan to 13 Feb 2010. Only at Buzz Pods. t Get a chance to win attractive festive gifts and a packet of Hong Bao with a $8 purchase of any SPH newspapers anu| other items at our Buzz Pods!* ifS m r/ L 3P Supported228 words
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WORLD
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828 2010-01-28 15 Some investors and policy makers want shareholders to get a say on pay NYT [NEW YORK] Amid all the commotion over the large bonuses that Wall Street bankers are collecting, what stands out is not only how much the stars are making. ItNYT - 828 words
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Article, Illustration486 2010-01-28 15 ECB’s Trichet also supports proposed US reforms NYT Reuters [LONDON] As outrage over lush banking profits gathers steam on both sides of the Atlantic, Mervyn King, the governor of the Bank of England (BOE), finds himself at the vanguard of a growing movement whichNYT; Reuters; BLOOMBERG - 486 words
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371 2010-01-28 15 NYT [LOS ANGELES] James Cameron’s science-fiction epic Avatar has passed his Titanic to become history’s highest-grossing film, with a sizable boost from high-er-priced tickets for 3D and Imax showings. Avatar, like other contemporary films, has also benefited from the steady inflation of ticket pricesNYT - 371 words
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516 2010-01-28 15 Bloomberg [DAVOS] For a sign of how the mood has changed at the World Economic Forum in Davos this week, consider the speakers at an invita-tion-only client lunch hosted by Paul Calello, who runs Credit Suisse Group AG’s investment bank. Last year’s panelBloomberg - 516 words
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209 2010-01-28 15 Bloomberg [NEW YORK] Verizon Communications, coping with subscriber losses at its fixed-line phone business, plans to cut about 13,000 jobs in the division this year after posting fourthquarter revenue that missed analysts’ estimates. The cuts will follow reductions of a similar sizeBloomberg - 209 words
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Page 15 Advertisements
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Advertisement159 2010-01-28 15 A S2 JAMES COOK UNIVERSITY AUSTRALIA Public Lecture Series 2010 SINGAPORE CAMPUS www.jcu.edu.sg "The Shape of the New Decade Reverberations of the Crisis and New Technolo Presented by: Professor Craig R. Littler Head of the School of Business James Cook University, Australia 29 January *****6.30pm 8.30pm The St Regis Singapore,159 words
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Page 16 Advertisements
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Advertisement200 2010-01-28 16 'a£ttuc£< UHlS MANDARIN ORCHARD SINGAPORE MANAGED BY MERITUS HOTELS RESORTS F AME 3 3 Crowning its metamorphosis is the hotel s change of name to Mandarin Orchard Singapore (formerly known as Meritus Mandarin Singapore) to resonate with the pulse of Orchard Road and refresh its iconic status. A EXPERIENCE with200 words
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Advertisement205 2010-01-28 16 Mandarin Gallery m v IJ W M A ON BEING THE NEW STYLE ICON" ORCHARD ROAD DP ARCHITECTS PTE LTD aeinjrdt Meinhardt (Singapore) Pte Ltd Civil, Structural, Mechanical Electrical Engineering Consultant BINTAI KINDENKO PTE LTD contracts interior I solutions pte ltd IS LOW KENG HUAT (SINGAPORE) LIMITED The world's local205 words
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AVIATION/SHIPPING
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Article, Illustration599 2010-01-28 18 VINCENT WEE - Suggestions include highlighting sector’s contribution and strategic research By VINCENT WEE EVEN though the maritime cluster has overtaken all other sectors in terms of annual turnover, value-added and number of workers, it is still an obscure fact that needs to be highlighted. Otherwise,599 words
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Article, Illustration524 2010-01-28 18 Reuters [CHICAGO] Boeing Co yesterday reported a net profit that topped expectations on a 42 per cent revenue increase even as it grappled with a decline in orders, sending shares higher in premarket trading. Chicago-based Boeing, the world’s second-largest plane maker, boasted that itReuters; AFP - 524 words
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Article286 2010-01-28 18 SGX '000 Jan 27 S$ +/-Vol CH Offshore 0.65 0.01 2003 Chuan Hup Hldgs 0.32 unch 372 Cosco Corp 1.24 unch ***** CWT Ltd 0.87 -0.01 5913 Ezra Hldgs 2.09 -0.10 ***** First Ship Lease 0.61 0.01 1622 Freight Links 0.05 unch 1785 Grand Banks 0.43 0.01 6286 words
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Article2915 2010-01-28 18 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1240 SQ458 1415 EY473 1940 Adelaide LH9771 1740 LH9770 2350 SQ268 1740 SQ269 2350 VS7268 1740 VS7269 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 QF81 1830 Amsterdam LO4031 0610 KL836 0125 SQ323 0610 AZ3993 2250 US54102,915 words
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4900 2010-01-28 19 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN RTM/ANR/TIL *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN NOL/CDN *Loads E./W. Malaysia,4,900 words
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Page 18 Advertisements
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Advertisement301 2010-01-28 18 NOTICE TO TRADE RATE RESTORATION SINGAPORE/PORT KLANG TO KOLKATA/HALDIA and w Please be advised that with effect from 1 March 2010, our rates for all SOC shipments between Singapore/Port Klang and Kolkata/Haldia will be increased to the following minimum rate levels: Singapore to Kolkata/Haldia USD 440.00/TEU FIO (laden) Port Klang301 words
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Page 18 Miscellaneous
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Miscellaneous315 2010-01-28 18 CRYPTIC CROSSWORD Across 1 Judges inquire about one’s second act of treachery (5,4) 6 Common sense, very very little for instance outside (5) 9 Thomas taking said hat from draw! (7) 10 Fully equipped spring discovered (4-5) 11 Ex-allowance (7) 12 Rules for language school (7) 13 Most important building315 words
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Page 19 Advertisements
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Advertisement15 2010-01-28 19 LPLACE YOUR AD HERE] -.THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 132715 words
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Article, Illustration411 2010-01-28 20 Coast Guard says 14 inbound and 12 outbound vessels waiting after oil spill Bloomberg [NEW YORK] The US Coast Guard said the Sabine Neches Waterway, the Texas ship channel serving four refineries that process about 6.5 per cent of US capacity, may open to limitedBloomberg; AP - 411 words
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259 2010-01-28 20 AFP [SINGAPORE] Asian shipping firms face “significant” challenges this year due to weakened earnings and limited access to capital, international ratings agency Fitch said yesterday. “Weakened earnings, high committed capex (capital expenditures) and restricted access to capital remain challenges for a number of ratedAFP - 259 words
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Page 20 Advertisements
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Advertisement22 2010-01-28 20 CATS Recruit The first step on your ladder to success CLA/AUG06/g To All Shipping Advertisers: Please call Joe Wong at 9620 132722 words
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SINGAPORE STOCKS
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Article8979 2010-01-28 21 Transaction date: Jan 27 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3 3148 8Telecom 16 unch 308 16 16 15.5 16 5 0.7 29.1 76.6 10 2.5 58348,979 words
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Article1932 2010-01-28 22 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 s AA Grp 5 4.5 5.5 4.8 25 12 8538 t APStrategic 16 14 16 94.4 4 0.5 15011,932 words
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Article9329 2010-01-28 22 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.16/ APS Alpha Fund (USD)!** 0.82/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.7/ Aberdeen Asset Mgt Asia Limited American Opp 0.6352/ Asian Credit Fund 1.2182/ Asian9,329 words
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Article518 2010-01-28 22 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 111 107 6389 ABF SG Bond ETF 109 108.5 109 497.6 846 427 CIMBAsean40 100US$ US799 -6 1 799 799 791 797 32 298518 words
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Article68 2010-01-28 22 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 20 6000 AVJennings A47.5 47 50 3.6 7.4 3.8 123.7 31 6 6017 Genting HK US$ US21 -1.5 4013 22.5 20.5 21 21.568 words
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FINANCE & COMMODITIES
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365 2010-01-28 23 In local curr In S$ In US$ dy yr dy yr dy yr Jan 26 Index Change Change Change Change Change Change World Index Preliminary 818.3 0.0 20.7 0.2 21.5 -0.1 24.7 EAFE Preliminary 768.7 -0.3 18.4 -0.3 21.9 -0.6 25.1 Europe Preliminary 1094.9 0.4365 words
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Article180 2010-01-28 23 Jan 27 $S Offer Bid Overnight 0.05 par 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 0.15 US$ Offer Bid 7 days 0.23 0.18 1 month 0.28 0.23 2 months 0.35 0.25 3 months 0.37 0.27 6 months 0.50 0.40 9 months 0.90 0.60 12180 words
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Article22 2010-01-28 23 Jan 27 S$ Bid Offer 1-month 1.4049 1.4062 2-months 1.4053 1.4066 3-months 1.4057 1.4069 6-months 1.4065 1.4078 Source: OCBC22 words
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Article132 2010-01-28 23 Jan 27 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2530 1.2920 Can dollar 1.3120 1.3260 Euro 1.9630 1.9860 NZ dollar 0.9850 1.0060 Sterling pound 2.2520 2.2780 US dollar 1.3950 1.4110 Local dollars to 100 units of foreign132 words
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Article29 2010-01-28 23 Jan 27 Open High Sett STI Jan 2749 2749 2706 SIMSCI Jan 325.4 330.0 322.6 Taiwan Jan 274.0 277.0 273.4 Source: MF Global (S) Pte. Ltd29 words
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Article67 2010-01-28 23 Jan 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 10 2425 2439 2431 2397 250 1704 Mar 10 2419 2429 2432 2395 1792 ***** Apr 10 2415 2429 2438 2393 ***** ***** May 10 2411 243067 words
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Article356 2010-01-28 23 Jan 27 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.7100 0 ***** Jun10 99.5900 0 6597 Sep10 99.3450 0 2803 Dec10 99.0000 0 3123 EUROYEN TIBOR FUTURES Mar10 99.5800 99.5850 99.5750 99.5800 569 4760 Jun10 99.6350 99.6350 99.6350 99.6200 20 1641 Sep10 99.6400 40 1666356 words
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Article194 2010-01-28 23 Jan 27 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 10 308.0 300.0 300.5 14 560 Mar 10 300.0 300.0 300.0 70 562 Apr 10 301.0 460 May 10 309.0 309.0 301.0 10 636 Jun 10 309.0 301.0194 words
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Article88 2010-01-28 23 Jan 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 29.04.2010 0.46 1-Year BY*****N 01.11.2010 0.48 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.27 104.36 104.28 5-Year N*****0N 1.375 01.10.2014 100.43 100.55 100.4588 words
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Article105 2010-01-28 23 Jan 26 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 10 947.50 940.50 949.50 932.00 May 10 957.00 949.50 958.75 940.50 Jul 10 964.00 956.25 966.25 946.00 Aug 10 957.00 950.00 958.75 951.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 10 36.77 36.50 36.87105 words
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Article77 2010-01-28 23 CRUDE OIL PRODUCTS Jan 26 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 73.19 0.08 WTI (Near Mth) 74.69 -0.50 Dubai (1-Mth F) 72.98 -0.12 Tapis blend 76.00 -0.20 Minas 75.50 -0.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 76.56 0.01 Jet Kerosene 81.35 0.20 US$/barrel Opec Oil77 words
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2582 2010-01-28 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3.5 1 15 16 4.57 52 2036 Advance SCT Ltd W*****9 0.5 1 87 2088 8.00 7 8756 Asiatic Grp (H) Ltd W*****2 9.5 1 32,582 words
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Article465 2010-01-28 23 Jan 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.957 6.136 0.639 6.988 41.664 84.555 0.804 10.426 3.081 1.274 75.976 41.974 1.263 6.827 0.941 28.825 29.696 0.557 0.899 Canada 1.045 6.409465 words
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Article88 2010-01-28 23 Jan 27 unvi mi m»ff D3«W IMITifl ndlti &JMA 11 SUM l rmi'i p j«y^« now* i im»n O.i'jtTi? U ■S rffilri n«a?i nmiuj IIII.U-* 0ifil57 iiaaira iWAP r.Mu l»4) i ("fill < 1 1 4 1 .u isavh i rirtfil —*****10 I (Mill ii 6 mths 0.***** 988 words
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Article136 2010-01-28 23 Jan 27 GOLD tusva.!) lan wi *r Hflfioi foralj nsMn in<o itti SanH J.K7 ii Imirlnn 1' |£»S<0 1DWH Source: Thomson Reuters CAST BAR Jan 27 (S$) Selling Buying Kilobar "53,307.40" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 119.84 50 5gm 339.19 249 10gm 605.62 497 20gm136 words
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Article154 2010-01-28 23 Jan 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2622 1.2638 0.8986 0.8990 Canadian dollar 1.3184 1.3201 0.9386 0.9391 Euro 1.9746 1.9766 1.4058 1.4060 NZ dollar 0.9904 0.9918 0.7051 0.7055 Sterling pound 2.2679 2.2702 1.6146 1.6149154 words
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Article71 2010-01-28 23 Jan 26 Jan 26 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2188.25 2211.25 3 months 2220.00 2242.00 Copper, Grade A (US$/tonne) Cash 7357.00 7441.25 3 months 7381.00 7465.00 Lead (US$/tonne) Cash 2175.50 2196.25 3 months 2200.00 2220.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article76 2010-01-28 23 Jan 26 COCOA (£/tonne) Close Prev High/Low Mar 10 2309 2324 2337/2292 May 10 2311 2326 2339/2295 Jul 10 2294 2307 2320/2280 Sep 10 2261 2276 2289/2253 COFFEE (US$/tonne) Close Pev High/Low Jan 10 1312 1329 Mar 10 1347 1364 1364/1342 May 10 1381 1397 1397/1376 SUGAR (US tonne)76 words
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EDITORIAL & OPINION
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Article497 2010-01-28 24 EDITORIAL THE “bankruptcy” (or court-supervised rehabilitation) of Japan Airlines (JAL) provides yet another example of the uneasy coexistence between the state and private capitalism, not only in Japan but also in most mixed economies. Nowhere are these anomalies more evident than in the complex and497 words
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Article, Illustration1399 2010-01-28 24 LEON HADAR - Obama may be forced to focus much of his attention on domestic economic, social issues LEON HADAR Washington Correspondent THE Republican win in the special Senate election in Massachusetts has been compared to a powerful earthquake that could transform US politicsREUTERS - 1,399 words
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Article, Illustration828 2010-01-28 24 ANTHONY ROWLEY - THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent IT’S odd how often a circle seems to be mistaken for a straight line or, to put it another way, how a circular process of change is confused with progress. I am reminded of this by828 words
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Article, Illustration1686 2010-01-28 25 KATRIN BENNHOLD - The world is trying to get a handle on China, the economy that emerged in a flash, and Beijing’s growing global clout By KATRIN BENNHOLD IHT AS RECENTLY as 2008, when China was still an emerging economy eager to put its best foot forwardIHT; AFP - 1,686 words
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Article, Illustration890 2010-01-28 25 WILLIAM PESEK JR - WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own ALL the buzz about losers if Google Inc leaves China ignores a potential winner: India. In any China-versus-India contest, 2009 belonged to China. Its 10.7 per cent890 words
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BizIT
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Article, Illustration372 2010-01-28 26 ONG BOON KIAT - By ONG BOON KIAT EXPECT a whir of sweaty legs, flashes of disco lights and strains of heart-pump-ing music to whip up a noisy spectacle at Downtown East this weekend all for a good cause. Some 2,000 exercise buffs including over 1,000FILE PHOTO - 372 words
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500 2010-01-28 26 Cautious optimism about prospects for publishers Reuters [LOS ANGELES] Publishers have high hopes that Apple Inc’s highly anticipated tablet computer will attract new readers and boost revenue, but few expect that it will by itself reverse the fortunes of a beleaguered industry. InvestorsReuters - 500 words
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Article, Illustration480 2010-01-28 26 WINSTON CHAI - Technology industry veteran Steve Watts fills role of AsiaPacific president By WINSTON CHAI [SINGAPORE] SAP has kicked off 2010 with a sea change to its regional stewardship after its Asia-Paci-fic president Geraldine McBride decided to call it a day after spending nearly two480 words
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Article, Illustration486 2010-01-28 26 Reuters [SEOUL] South Korea’s LG Electronics Inc forecast sales and profits would improve in the first quarter as the global economic recovery prompts consumers to spend more on TVs, phones and other electronic appliances. The world’s second-big-gest TV brand and No 3 mobile phoneReuters; AP - 486 words
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Article, Illustration446 2010-01-28 26 Bloomberg [SAN FRANCISCO] Sun Microsystems Inc chairman Scott McNealy, in a final memo to employees on Tuesday as the company prepares to be acquired, said he has “few regrets” about how the fourth-largest maker of computer servers conducted business. “SunBloomberg - 446 words
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Page 26 Advertisements
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Advertisement70 2010-01-28 26 Looking for IT Outsourcing? Stone Forest IT (SFIT) is a leading provider of IT Outsourcing Services. Our clients include leading legal firms, SMEs and foreign firms. Our firm's reputation is built on practical advice, proactive client servicing and a proven methodology. We provide businesses with one-stop shop service, from IT70 words
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PROPERTY
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Article, Illustration521 2010-01-28 27 UK fund manager expects double-digit returns as home ownership slides Reuters [LONDON] Henderson Global Investors is raising US$400 million to invest in rental apartments in the United States, where it sees potential for double-digit returns on the back of falling home ownership andReuters; REUTERS - 521 words
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163 2010-01-28 27 Reuters [BEIJING] Sales of new apartments and existing homes in Beijing fell some 70 per cent in the first three weeks of January from a month earlier, the local Beijing News reported yesterday. The newspaper cited real estate agents as saying that home buyersReuters - 163 words
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862 2010-01-28 27 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED One Shenton Apt 08/01/2010 99 570 970 1702 The Sail Marina Bay Apt 06/01/2010 99 624862 words
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Article, Illustration901 2010-01-28 28 Investors remain cautious about a property market that is beset with red tape, land disputes and difficulty in valuations due to the huge quality difference among India’s developers. Observers cite competition from large public sector offerings Reuters Reuters [MUMBAI] Investors are more likelyReuters; REUTERS - 901 words
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Article, Illustration587 2010-01-28 30 PAULINE NG - The city’s rental rates are among the region’s most competitive By PAULINE NG KUALA LUMPUR remains one of the region’s most competitive office locations and with over nine million square feet of new supply over the next three years, average rental rates areBLOOMBERG - 587 words
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252 2010-01-28 30 THE second phase of Orchard Medical Specialists Centre will be offered for sale and rent from tomorrow by Hong Property Investments. The fifth floor of Lucky Plaza has been transformed into an exclusive medical hub with occupants engaged in fields such as psychological252 words
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444 2010-01-28 30 Reuters [HONG KONG] Bank of America plans to raise new money for Merrill Lynch’s Asia property funds business instead of selling it due to a recovery in the real estate sector, sources said. BoA was in talks with several private equity firms, includingReuters - 444 words
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Page 27 Advertisements
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Advertisement238 2010-01-28 27 PRIME OFFICE SPACE FOR LEASE PRUDENTIAL TOWER Prudential Tower, winner of FIABCI Prix d'Excellence 2004 award, a grade A office building is strategically located at the junction of Cecil Street and Church Street, next to Raffles Place, Singapore's financial and business hub. Ideal for financial institutions, major professional services companies238 words
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Page 28 Advertisements
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Advertisement477 2010-01-28 28 FOR SALE L Dalvey Estate, Good Glass Bungalow Architectural Heritage Award Winner. Land *****sqft. (approx) For viewing inspection, pis contact sole agent: John Goh 9383 6780 CB RICHARD ELLIS GCB FOR SALE Good Class Bungalow (GCB) at Olive Road Land Area 16,300 sqft (approx 1,514 sqm) Built-in 10,000 sqft (approx477 words
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Advertisement438 2010-01-28 28 GOOD CLASS BUNGALOW HOLLAND VICINITY FOR SALE 1 m m ■Hii 31 T* £3 m Will is. Land *****sqft Built up *****sqft Elevated Land with Complete Privacy Rugged Architecture of Raw Concrete, Base Metals and Natural Timber Fluid Living Space with Full Greenery Modern Urban Resort Home 25M Infinity Lap438 words
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Advertisement59 2010-01-28 28 "utEP soon DIONew Luxurious Homes Nassim Hill 16 Exclusive units located on Hilltop 8 Townhouse units from 4209sqft 6028sqft 8 Penthouse units from 3218sqft 4101 sqft 3+family and 4 bedrooms type All units come with private pool at your doorstep Price from $11 mil onwards Viewing by appointment Call your59 words
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Advertisement162 2010-01-28 29 V t > .i»X*.- ft •>,-<_ •N rVfc WJ ir* 2T JBL jrft :A" K 8 SINGAPORE 8 Nassim Hill occupies an unrivalled location in an Asian centre that is increasingly the primary residence of choice. We offer a limited edition of 16 freehold expansive homes, each with a private162 words
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Advertisement29 2010-01-28 30 H H M O str ct St era rs to ro w K M C 65 m u, ai m J I k 2i Artist's Impress DTZ ia>oinuaDorc savills29 words
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