The Business Times, 1 June 2010
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2010-06-01
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The Business Times
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Title Section23 2010-06-01 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Tuesday, June 1,201023 words
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Article, Illustration617 2010-06-01 1 TEH SHI NING - Singapore Business Awards 2010 honour winners who thrive even during crisis By TEH SHI NING [SINGAPORE] Being adaptable in the constantly changing business world was a common element in the success stories of winners at last night’s SingaporeARTHUR LEE - 617 words
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Article139 2010-06-01 1 ST INDEX 2,752.60 (+12.90) ST INDEX FUTURES 2,753 (+13) SIMSCI 326.43 (+1.47) SIMSCI FUTURES 325.80 (-0.10) FOREX US$ S$ US$ (S$ per US$) 1.399 (US$/S$ per 1.450 2.028 EURO (US$/S$/E) 1.231 1.722 Foreign currency per US$ S$ YEN 91.50 65.40 RM 3.259 2.330 HK$ 7.792 5.571 BAHT 32.52139 words
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Article, Illustration675 2010-06-01 1 SIOW LI SEN - Wee Cho Yaw willing to hand over chairmanship to a suitable candidate from outside his family By SIOW LI SEN [SINGAPORE] Wee Cho Yaw, United Overseas Bank (UOB) chairman is looking for his successor which means that for the first time in its history,FILE PHOTO - 675 words
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Page 1 Advertisements
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Advertisement123 2010-06-01 1 PROPERTY Non-landed private home price index up in April PAGE 32 COMPANIES SGX market cap down 4% in May PAGE 6 WEALTH Teaching rich kids the value of work SME Inc How SQL View crossed the chasm PAGE 22 PAGE 14 BT’s 40-page Singapore Business Awards Supplement comes free with123 words
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Advertisement11 2010-06-01 1 A name synonymous with UOB, Page 24, Singapore Business Awards Supplement11 words
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TOP STORIES
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Article571 2010-06-01 2 UOB patriarch looking for a successor WEE Cho Yaw, United Overseas Bank chairman is looking for his successor which means that for the first time in its history, the 75-year-old bank could have a chairman from outside its first family. Ideally, he wants a Singaporean to take over571 words
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Article, Illustration383 2010-06-01 2 TEH SHI NING - DPM Teo announces SME Productivity Roadmap to boost their value-add By TEH SHI NING [SINGAPORE] To help them start their “productivity journeys”, small and medi-um-sized enterprises will get higher rates of funding for related training and easier access to information resources. SpeakingARTHUR LEE - 383 words
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675 2010-06-01 2 JOYCE HOOI - I feel vindicated by the court’s decision, says ex-remisier king By JOYCE HOOI [SINGAPORE] In what could be the finale to the Raffles Town Club legal drama spanning almost a decade, Raffles Town Club Pte Ltd (RTC) lost its claim of more675 words
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550 2010-06-01 2 NISHA RAMCHANDANI - Stock exceeds Khazanah’s $3.78 offer price; a counter bid seen as ideal for Fortis By NISHA RAMCHANDANI [SINGAPORE] Shares in private healthcare group Parkway Holdings closed 69 cents higher in trading yesterday, up by nearly 23 per cent, in the wake of last Thursday’s550 words
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431 2010-06-01 4 CHEN HUIFEN - Probe believed to relate to alleged misuse of funds By CHEN HUIFEN [SINGAPORE] Less than three months after its $310 million acquisition of a stake in Suntec Singapore International Convention and Exhibition Centre, City Harvest Church is once again in the limelight for being431 words
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Article, Illustration603 2010-06-01 4 Expansion driven by govt spending, manufacturing and services Reuters [NEWDELHI] India’s economy grew at its fastest pace in six months in the quarter through March 2010, fuelled mainly by government and consumer spending, which is expected to allow policymakers to focus on anchoringReuters; AFP - 603 words
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543 2010-06-01 4 MALMINDERJIT SINGH - Planned rapid transit system may speed up development of regional project By MALMINDERJIT SINGH [SINGAPORE] Resolving the Points of Agreement issue between Malaysia and Singapore could potentially change the face of railway transportation in the region. The rapid transit system that the543 words
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Article, Illustration751 2010-06-01 4 ROB COX, CHRISTOPHER SWANN - P breaking By ROB COX CHRISTOPHER SWANN EVENTUALLY, BP will definitively stop the flow of oil from its deepwater mishap in the Gulf of Mexico. That’s when the autopsy will begin in earnest. But if the information dribbling into the public domain provesAP - 751 words
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Advertisement422 2010-06-01 2 KPMG KPMG Seminar Series SINGAPORE Foreign Exchange Risk Management Dates 8-9 July 2010 Time 9.00am to 5.00pm Venue Orchard Hotel Singapore Seminar Fees Client S$918 per participant KPMG Alumni S$918 per participant Non-client S$1048 per participant Group discounts are available for multiple sign-ups from the same organisation: Enjoy 5% discount422 words
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Advertisement35 2010-06-01 3 i jm M ife r N A. 1 Three exceptional journeys. One historic game. Cafe Maravillas, Madrid. Follow Pele, Zidane and Maradona on louisvuittonjourneys.com Louis Vuitton is proud to support The Climate Project. LOUIS VUITTON35 words
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Advertisement257 2010-06-01 4 Academy For people who love a challenge. At PSB Academy, we work our students hard. When our graduates head out into the world, they're armed with much more than just a piece of paper. They have real skills, for real life. From encouraging perseverance and self-discovery to building self-confidence, we257 words
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Advertisement98 2010-06-01 5 r w COLUMN-FREE 35,000 i FLOOR PLATES PUT PEOPLE IN TOUCH t ,\V. Rral w i MGPA Asia Square is all about choices. We believe that office design should be determined by your business, not constrained by the floor space.The largest regular-shaped column-free floor plates in the new Marina Bay98 words
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COMPANY NEWS
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Article, Illustration1038 2010-06-01 6 LYNETTE KHOO - Greece crisis, Europe contagion fears and Germany shorts ban depress local stocks By LYNETTE KHOO IT WAS a sea of red across the Singapore stock market in May as investors dumped stocks on concerns over the debt crisis in Greece, fears ofFILE PHOTO - 1,038 words
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290 2010-06-01 6 CATALIST-listed C2O Holdings has obtained a disclosure waiver from the Singapore Exchange, paving the way for it to hold an extraordinary general meeting (EGM) soon to seek shareholders’ approval for its proposed acquisition of mainboard-listed Swissco. The offshore and marine company said the290 words
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461 2010-06-01 6 UMA SHANKARI - Property firm plans acquisitions from $200m note sale By UMA SHANKARI INDONESIA’S Lippo Group is selling an undisclosed number of its shares in property group Overseas Union Enterprise (OUE), OUE said yesterday. OUE is also planning to issue up to $200 million in461 words
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384 2010-06-01 6 LYNETTE KHOO - By LYNETTE KHOO A MIDAS Holdings’ jointventure company has clinched, through a consortium, a 1.14 billion yuan (S$234 million) contract to supply train cars for a metro line project in China. Midas’ JV company Nanjing SR Puzhen Rail Transport Co Ltd384 words
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279 2010-06-01 6 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD p.a.) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE p.a.) YEAR RAISED ISIN CODE MATURITY DATE 01.07.2010 NX*****T 2000 4 5/8 5900.00 1/1 1/7 150 100.34 0.64 SG**********279 words
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658 2010-06-01 8 MICHELLE QUAH, LYNETTE KHOO - AC cannot abdicate its responsibilities under the pretext of delegation, says SGX By MICHELLE QUAH, LYNETTE KHOO THE Singapore Exchange (SGX) is standing its ground in what’s shaping up to be a dispute between the regulator and listed entity NEL Group (formerly known658 words
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205 2010-06-01 8 NEPTUNE Orient Lines Group’s chief executive Ron Widdows has called for public policies that support private investment where developing infrastructure and global trade are concerned. Speaking at the International Transport Forum 2010 in Germany last week, Mr Widdows pointed out the challenges that global205 words
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Article, Illustration487 2010-06-01 8 PAULINE NG - Airline carries 17% more passengers in Jan-March quarter By PAULINE NG AIRASIA has posted a profit of just over RM224 million (S$95 million) for its first quarter to end-March, up from RM203 million a year earlier. The improved result was mainly dueBLOOMBERG - 487 words
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Article, Illustration329 2010-06-01 8 CHAN YUPING - They help group differentiate itself in competitive business By CHAN YUPING HOW does a company differentiate itself in a highly competitive business environment especially if it is one whose activities span more than 20 countries? In the case of property giant CapitaLand, its strategyFILE PHOTO - 329 words
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314 2010-06-01 8 JOYCE HOOI - By JOYCE HOOI KHOR Poh Hwa and Thomas Pang have been named the chairman and chief executive officer respectively of Keppel Infrastructure Fund Management Pte Ltd, the trus-tee-manager of K-Green Trust (KGT), which invests in “green” infrastructure assets. Mr Khor is also a director314 words
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416 2010-06-01 10 JOYCE HOOI - 58.4% Cascal stake tender is part of Sembcorp’s takeover bid By JOYCE HOOI AS PART of Sembcorp Industries’ bid to take over Cascal NV, British firm Biwater Investments Ltd has tendered its 58.4 per cent stake in Cascal to Sembcorp Industries. The 58.4 per cent416 words
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316 2010-06-01 10 NISHA RAMCHANDANI - Amount and date to be made known in due course By NISHA RAMCHANDANI HWA Hong Corporation will use some of the proceeds from the sale of its stake in Tenet Insurance Company to Sompo Japan Insurance to reward shareholders. “The company intends316 words
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COMPANY BRIEFS
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45 2010-06-01 10 MAPLETREE Logistics Trust is acquiring three properties for $83.5 million. Two properties, Sendai Centre in Japan and Mapletree Logistics Centre in Vietnam, are from the sponsor’s development pipeline. The third property, Natural Cool Lifestyle Hub, is being bought from Natural Cool.45 words
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30 2010-06-01 10 DATAPULSE Technology yesterday posted a 57 per cent decrease in group net profit for the third quarter ended April 30 to $1.4 million.30 words
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44 2010-06-01 10 UNITED Engineers Ltd and Lee Metal Group have won a joint bid for the land parcel Sengkang E3 at Sengkang East Avenue/Buangkok Drive for the development of an executive condominium. The winning bid was $176 million.44 words
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740 2010-06-01 10 Drive to become hub for clean-tech investment, R&D Reuters [SINGAPORE] White-gloved hands carefully pack azure blue solar cells at a vast new $2.6 billion plant that Singapore persuaded Norway’s Renewable Energy Corp (REC) to build here. The plant is the world’s largestReuters - 740 words
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Advertisement99 2010-06-01 6 Fantasy Waterbeds Pte Ltd Where Sleep Matters. Take apermanent break from your aches. f J Designed for maximum comfort to soothe the most tired and aching muscles, you can finally experience complete holistic sleep and all the benefits that come with it. I Visit our Fantasy Sleep Centre L for99 words
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Advertisement111 2010-06-01 6 Unparalleled location Breathtaking view Inspirational architecture Penthouse with private pool 6300 sqft. 5 bedrooms. Markus Tay 9018-1551 Marina Bay Specialist Sole Marketing Agent'. LUXE www.markustay.com m no\n fSSS LEGEND OF THE SEAS sasss YEAR END SAILINGS Card Members Special!, 1) Best Of Malaysia (3NI) From S$475 Applicable Sailing: November 26;111 words
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Advertisement112 2010-06-01 6 Looking for a Payroll Partner who... Understands your needs concerns Provides dedicated holistic support Gives you peace of mind Is technically competent At PayrollServe, we manage the Payroll outsourcing HR administration of hundreds of MNCs and SMEs in Asia. We also provide user-friendly payroll systems PayDay! and eACCPAY, that enable112 words
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Advertisement21 2010-06-01 6 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.21 words
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Advertisement64 2010-06-01 7 -SV J, ft PRUDENTIAL THERE'S MORE TO PRUDENTIAL A leading international financial services group with 160 years of experience. With significant operations in Asia, the US and the UK, the Prudential Group serves approximately 25 million customers around the world and has £290 billion of assets under management. iV PRUDENTIAL64 words
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Advertisement1462 2010-06-01 8 [GATS NOTICES BUY IT• SELL IT• FIND IT JURONG BRICK WORKS HOLDINGS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (Companies Registration No. *****3288H) (Incorporated in the Republic of Singapore) NOTICE OF FINAL MEETING IN MEMBERS' VOLUNTARY WINDING UP NOTICE is hereby given that in pursuance of Section 308(2) of the Companies1,462 words
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Advertisement101 2010-06-01 8 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF FINLAND GARDENS PTE. LTD. (Company Registration No: *****7787M) (Incorporated in Singapore) (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a FINAL MEETING of101 words
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SINGAPORE MARKETS
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Article, Illustration584 2010-06-01 9 R SIVANITHY - Added factor at play was a mixed opening in Europe late in the afternoon local time, as Spanish debt fears took hold STOCKS R SIVANITHY Senior Correspondent WITH Wall Street closed on Monday, the local market yesterday looked mainly to Hong Kong for inspiration theSource: Bloomberg - 584 words
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Article186 2010-06-01 9 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 2 5 0 0 0 8 2 5 Manufacturing 69 41 64 2 5 15 71 46 79 Commerce 27 14 16 3 2 1 30 16 17 Tpt/Stor/Comms 19 12 11186 words
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Article119 2010-06-01 9 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 21,814 21,814 113,874 113,874 Manufacturing 204,293 11,979 216,272 223,039 323 223,362 Commerce 82,626 5,147 87,773 124,440 862 125,302 Tpt/Stor/Comms 123,637 216 123,853 256,725 29 256,754 Finance 26,623 26,623 280,446 280,446 Construction 15,121 5,624 20,745 4,319119 words
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Article111 2010-06-01 9 Stock name Close Change Stock name Close Change CapMallsAsia 2.100 -0.010 CapitaLand 3.580 +0.010 CapitaMall 1.820 -0.020 CityDev 10.180 -0.100 ComfortDelGro 1.410 -0.040 DBS Grp 14.000 +0.220 F&N 4.890 Genting SP 1.060 +0.040 Golden Agri 0.510 +0.005 HK Land 4.780 +0.020 JMH 35.040 +0.300 JSH 19.620111 words
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Article65 2010-06-01 9 May 31 VALUE CLOSE BT OB/OS -1000.00 +157.0 BT CADI -*****.00 +73.0 BT 10-day MA -*****.00-100.00 FTSE ST Mid Cap 664.31 +10.10 FTSE ST Small Cap 503.25 +2.93 FTSE ST All Share 677.73 +4.34 FTSE ST China Top 252.12 +1.18 FTSE ST China 276.47 +0.60 FTSE ST65 words
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Article56 2010-06-01 9 VOLUME Genting SP 242,812,000 Golden Agri 72,036,000 Noble Grp 36,640,000 SingTel 29,788,000 Cosco Corp 24,761,000 NOL 19,723,000 ChinaEssen 17,960,000 Z-Obee Hldgs 16,566,000 Yangzijiang 13,912,000 SembMar 12,836,000 VALUE($) Genting SP 254,723,144 DBS Grp 110,432,470 SingTel 86,216,308 Keppel Corp 82,899,134 UOB 81,023,960 Noble Grp 66,041,820 OCBC Bk 64,862,910 SembMar56 words
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BROKERS’ TAKE
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Article553 2010-06-01 9 JOYCE HOOI - Compiled by JOYCE HOOI May 31 close: $0.42 DMG PARTNERS RESEARCH, May 31 RESULTS underperformed: The Think Environmental Co (TTEC) reported a 21 per cent quar-ter-on-quarter rise in its second half FY2010 revenue to $40 million (-7 per cent year-on-year) while its profit after tax and553 words
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481 2010-06-01 9 CURRENCIES Reuters [LONDON] The euro inched up yesterday, recouping small losses incurred after a cut to Spain’s debt rating, but the currency remained on the back foot as the downgrade highlighted ongoing structural weaknesses in the eurozone. A warning from China thatReuters - 481 words
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Article109 2010-06-01 9 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 492.1 3.3 DBXT MSKorea 10US$ 4387 179.0 3.0 DBXT DJE50 10US$ 3463 166.4 3.6 DBXT FTChina25 10US$ 2834 110.5 2.9 DBXT MSTaiwan 10US$ 1477 95.1 4.8 Parkway Hldgs 371 69.0 22.8 SIA.ES.1006 1460 62.0 4.4 DBXT MSINDO 10us$ 1117 54.5 3.6109 words
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Article119 2010-06-01 9 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5375 -90.9 -1.2 Lyxor Malaysia 10US$ 731 -35.0 -3.3 KepLand.ES.1005 347 -26.0 -7.0 OCC 5.1% NCPS 100 ***** -20.0 -0.2 Jardine C&C 2760 -18.0 -0.6 DBXT CSI300 10US$ 877 -16.8 -1.3 Capitaland.ES.1005 358 -13.0 -3.5 SembMar 388 -12.0 -3.0 CityDev 1018119 words
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Article87 2010-06-01 9 Where S$ stands May 31 CHNG YR 2010 CLOSE FR May 27 S$ LOW S$ HIGH US$ 1.3991 0.48 1.4219 1.3680 Euro 1.7213 0.16 2.0153 1.7060 Pounds 2.0279 0.49 2.2831 2.0003 A$ 1.1861 -1.04 1.2960 1.1515 Yen* 1.5294 1.79 1.5927 1.4467 Rupiah* 0.***** -0.45 0.***** 0.***** Baht* 4.3008 0.4287 words
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Advertisement27 2010-06-01 9 INSTRUMENTS FOR PROFESSIONAL S T TEL. +65 6732 6347 WWW.BREITLING.COM 'H\ > r n Tr y; 4 I rir *1 V'M P U RE BREITLING The Blackbird S$11,342.00*27 words
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Advertisement41 2010-06-01 10 CORPORATE BUSINESS FINANCE INVESTMENTI I PROPERTY' Victoria Xue, Lawyer, ANZ Bank WSiV I 7 I I fC* *7>. =T\? Get the best of both worlds in Business and Finance, every day in English, every Monday and Wednesday in Chinese. my paper41 words
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Advertisement284 2010-06-01 11 H 1 Hh K? The Ultimate Degree for Finance Executives EDHEC-Risk Institute PhD in Finance London Nice Singapore Since 2008, EDHEC-Risk Institute has been offering a unique PhD in Finance programme to elite practitioners who aspire to higher intellectual levels and aim to redefine the investment banking and asset management284 words
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SINGAPORE NEWS
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Article, Illustration402 2010-06-01 12 NISHA RAMCHANDANI - Cash registers keep ringing, thanks to a 15.5% rebound in passenger numbers By NISHA RAMCHANDANI RETAIL sales at Changi Airport rose 15.9 per cent year on year for the first four months of 2010, boosted by a 15.5 per cent rebound in passengerAFP - 402 words
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303 2010-06-01 12 ABIGAIL KOR - Hotel, restaurant staff make up 27% of job switchers By ABIGAIL KOR A STUDY released by the Ministry of Manpower (MOM) shows people with Workforce Skills Qualification (WSQ) training have greater job mobility. The study found 28 per cent of employees with WSQ training changed303 words
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Article, Illustration609 2010-06-01 12 MELISSA QUEK - SINGAPORE ARTS FESTIVAL By MELISSA QUEK SPLASHING across the stage in sequenced spurts of fluid movement, T.H.E Dance Company wowed the audience with their high level of performance and contemporary dance techniques in their Saturday performance. In the two years that have passed sincePhoto Robin Chee - 609 words
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145 2010-06-01 12 HITACHI Ltd has signed a memorandum of understanding (MOU) with the Economic Development Board to promote its social innovation business in the Asian Belt Zone here. This will be done by setting up a “centre of excellence”, which will be Hitachi Asia Ltd’s Singapore headquarters145 words
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332 2010-06-01 12 GENE CHEE - Scientists from S’pore, China, US make breakthrough By GENE CHEE A STUDY led by the Genome Institute of Singapore (GIS) and Sun Yat-Sen University Cancer Centre has led to the identification of genetic risk factors for nasopharyngeal carcinoma (NPC). The breakthrough has332 words
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Article126 2010-06-01 12 THE Monetary Authority of Singapore (MAS) announced yesterday that Lim Hng Kiang, Minister for Trade and Industry, has been re-appointed as MAS’s Deputy Chairman for another two years with effect from June 1 this year. Teo Ming Kian, Permanent Secretary (National Research and Development) in Prime126 words
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361 2010-06-01 12 CHAN YUPING - He goes through 6 weeks of denial before coming to terms with heart disease By CHAN YUPING WHEN a blockage was revealed in his left main artery, Health Minister Khaw Boon Wan could no longer deny the severity of his condition. “I361 words
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Advertisement799 2010-06-01 13 A special feature brought to you by Hop on for a healthy ride By Kimberley Koh Panasonic’s latest Core Trainer has new features that give you a comprehensive workout in the comfort of your own home The Core Trainer is designed to turn your natural body reflexes in various simulated799 words
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SME Inc
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Article, Illustration1000 2010-06-01 14 TIMOTHY SEOW - SQL View founder Stephen Lim recounts the challenges of starting a tech company in Singapore, reports TIMOTHY SEOW TIMOTHY SEOW STEPHEN Lim swears by Geoffrey Moore author of the 1991 IT marketing book Crossing the Chasm. “I one hundred per cent sumpah to him,” said Mr Lim,ARTHUR LEE - 1,000 words
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Article, Illustration976 2010-06-01 14 ABIGAIL KOR - Five-day festival taking place at Marina Promenade doubles in size By ABIGAIL KOR IN FIVE year’s time, Singapore could be counting Beerfest Asia as one of the main highlights of its event calendar. Conceptualised by Ublues Group, the same company behind popularARTHUR LEE - 976 words
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Article, Illustration815 2010-06-01 15 GLENN CHEE - Gener8 tempers profit with compassion. By GLENN CHEE By GLENN CHEE A LOCAL start-up is looking to give the legless in developing countries more affordable prosthetics to stand on. Gener8 Composites, using the latest technology, has created a prosthetic leg that worksALLAN816 - 815 words
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324 2010-06-01 15 CHAN YUPING - By CHAN YUPING PRIVATELY held businesses (PHBs) in Singapore want greater simplicity in financial reporting and believe that this would lead to more transparency, according to the Grant Thornton International Business Report (IBR) 2010. The report tracked attitudes and expectations by surveying 7,400-plus chief executives,324 words
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Article, Illustration1102 2010-06-01 16 DARRYL WEE - Access to finance a global issue It’s time to listen to the recommendations and findings of the World Bank, the Economist Intelligence Unit and ACCA By DARRYL WEE The writer is country head of ACCA Singapore THE year 2009 and 2010 have been testing times for small and medium-sized enterprisesYEN MENG JIIN - 1,102 words
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Article378 2010-06-01 16 ESTHER SOH - By ESTHER SOH THE National University of Singapore held its second annual ASEANpreneurs Day on May 26. And one of the highlights was a panel discussion. The panel was moderated by Andrew Abraham, founder and chief executive of Kintuition, and comprised Bernard Leong, Lai Kok378 words
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Article713 2010-06-01 16 THIS WEEK’S TOPIC What are you most impressed with about the ongoing World Expo in Shanghai so far? Do you intend to visit the event personally? Why/why not? Dennis Yong Head, Special Projects HSR Property Group THE Shanghai World Expo; as the most expensive Expo in713 words
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Advertisement73 2010-06-01 14 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 IT73 words
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Advertisement126 2010-06-01 15 Enjoy 50% off* your service fee, Receivables Finance •<2 J tn It pays to go with HSBC's Receivables Finance. Apply from now till 30 June 2010 and enjoy 50% off* your service fee. With our customised cash flow solutions, HSBC will help you maintain a flexible source of working capital126 words
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Advertisement7 2010-06-01 16 T ft v\v iff I fl11 www.radio9l3.com7 words
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Advertisement26 2010-06-01 16 X S'PORE BLOC; AWARDS w® lor your favourite blogs attractive prizes! k, -m r hi 10.10 AM .-rirr V, o Closing Date: 30 June 2010 http://sgblogawards.omy.sg26 words
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Advertisement269 2010-06-01 16 SINGAPORE’S small and medium enterprises are taking advantage of one of the best chances in years to strut the world stage. The island’s pavilion at the World Expo in Shanghai is the biggest since the first pavilion at the world exposition in Vancouver back in 1986. And SMEs have stepped269 words
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Advertisement120 2010-06-01 17 SINGAPORE BUSINESSAWARDS 2010 Dear Mr Zhong 'on£s. A Toast To Your Success Our heartiest congratulations to you on the occasion of your being awarded "The Businessman of The Year 2009", an accolade you truly deserve. Your vision and commitment to work has been exemplary and we take pride in having120 words
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ECONOMY WATCH
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Article, Illustration520 2010-06-01 18 Report identifies areas of weakness which it says need to be addressed AFP [DOHA] The sovereign debt crisis in Europe shows that the world’s economic woes are “far from over” and highlights the need for reforms, the vice-chairman of the WorldAFP; AP - 520 words
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Article238 2010-06-01 18 It should ensure reforms are strong, effective and consistent, says Fed chief AFP [SEOUL] US Federal Reserve chairman Ben Bernanke yesterday called for the Group of 20 (G-20) world powers to more closely coordinate financial reforms in a bid to strengthen the global economy. AddressingAFP - 238 words
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465 2010-06-01 18 AP [WASHINGTON] The delicate task ahead for the Federal Reserve and other central banks is deciding when to start boosting interest rates and reeling in all the stimulus pumped out during the global financial crisis, Fed chairman Ben Bernanke said. Mr Bernanke, however,AP - 465 words
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Advertisement343 2010-06-01 18 WM* <# f/N/ 3 Ml U7 3Mfe i?\ ■U//?, &> m r. visit us at Singapore Book Fair at Suntec Singapore Hall 404, Booth 4C13 28 May 6 June 2010,11 am -10am Subscribe to and pick your choice of sift 1-year or 2-year of a Daily Newspaper 3-month of another343 words
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MALAYSIA
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670 2010-06-01 19 S JAYASANKARAN - Indicative offer of RM7.40-RM7.60 is higher than HLB’s RM7.30 a share By S JAYASANKARAN ANOTHER bid for EON Capital, this time from Malaysia’s eighth largest lender Affin Holdings, is awaiting approval from the central bank (BNM) but it isn’t clear if it670 words
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Article, Illustration298 2010-06-01 19 Any rise in consumer prices is expected to be modest [SEOUL] The Malaysian central bank chief said yesterday that any rise in consumer prices after proposed cuts in subsidies would be modest and therefore not a major factor for the country’s interest rate298 words
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582 2010-06-01 19 PAULINE NG - B y PAULINE NG A LAST-MINUTE decision by Malaysia to delay a ban on packets of 14 cigarettes by six months has angered tobacco companies, which had been gearing up for it today. Industry players only told about the delay last week are582 words
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Advertisement844 2010-06-01 19 BUY IT- SELL IT- FIND IT WATS ~Ynr^p« Toll free: 1800-289-8822 Email: notices@sph.com.sg :*iATci NOTICES deXIA Banque Internationale a Luxembourg Head Office: 69 route d'Esch, L-1470 Luxembourg Singapore Branch: 9 Raffles Place, #29-01, Republic Plaza, Singapore *****9 Balance Sheet As at December 31, 2009 Supplementary Information to the Financial Statements844 words
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GREATER CHINA/INDIA
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509 2010-06-01 20 The offering makes the London-based bank the first company to issue Indian depository receipts Bloomberg [MUMBAI] Standard Chartered Plc, the UK lender that makes at least three quarters of its profit in Asia, raised about 24.9 billion rupees (S$750.9 million) from aBloomberg - 509 words
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Article, Illustration881 2010-06-01 20 It holds a 34% stake in Alibaba, which started Taobao, an e-commerce site NYT [TOKYO] A Japanese technology giant little known outside Asia is racing to capture the booming Chinese Internet market. And in the process, it hopes to become a global player straddlingNYT; BLOOMBERG - 881 words
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420 2010-06-01 20 Reuters [BEIJING] China will not achieve its clean energy development targets for 2020 unless it starts building big hydropower projects soon, China’s top energy official said, supporting industry calls for fast project approvals. “For new hydropower projects to play a role in China’s move towardsReuters - 420 words
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Page 20 Advertisements
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Advertisement2216 2010-06-01 20 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg •SELL IT-FIND IT mi NTI INTERNATIONAL LIMITED (Incorporated in Bermuda on 6 March 2002) (Company Registration No.: *****1764D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of NTI International Limited will be held at 369 Tanjong Katong Road,2,216 words
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ASIA-PACIFIC/WORLD
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Article, Illustration693 2010-06-01 21 ANTHONY ROWLEY - The two countries’ premiers also agree to set up hot line for top-level contacts By ANTHONY ROWLEY THE political and economic relations between Japan and China appeared to take a sharp turn for the better yesterday when visiting Chinese PremierBLOOMBERG - 693 words
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409 2010-06-01 21 Reuters [SYDNEY] Australia’s net exports dropped more than expected in the first quarter, pointing to slower overall growth and underlining market expectations that interest rates will be on hold this year. Still, private sector data showed inflationary pressures were building upReuters - 409 words
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208 2010-06-01 21 AFP [PARIS] France has to carry out its planned cuts in spending and reduce its deficit in order to keep its top AAA credit rating, Budget Minister Francois Baroin told French TV Canal Plus on Sunday. “The objective of maintaining the AAAAFP - 208 words
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361 2010-06-01 21 Shirakawa also sounds warning on debt, says recent European crisis is wake-up call for others Reuters [TOKYO] Bank of Japan governor Masaaki Shirakawa said expanding the central bank’s balance sheet or setting a rigid inflation target will not be effective in beatingReuters - 361 words
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Article, Illustration491 2010-06-01 21 AP [BANGKOK] The Red Shirt anti-government protesters have gone home, but Thailand’s tourism industry is still seeing red. The number of visitors has dropped significantly since the protests closed down Bangkok’s main shopping and tourist district in early April. Forecasts for this year wereAP; PHOTO: AFP - 491 words
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394 2010-06-01 21 Treasury Chief Secretary Laws quits over expense claims Reuters [LONDON] The loss of a Treasury minister just 18 days into office is a serious setback for the new British coalition, but is unlikely to drive it way off course in its search for deepReuters - 394 words
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FOCUS: WEALTH
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Article, Illustration1273 2010-06-01 22 Being on parental dole all through life could do more harm than good, and formal education alone may not suffice NYT [NEW YORK] STEVEN Hayworth, chief executive of Gibraltar Private Bank Trust, is thrilled that his daughter will be working this summer at a women’sNYT; STOCK.XCHNG - 1,273 words
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Article915 2010-06-01 22 Collective wealth of top 1,000 people up by about a third Reuters [LONDON] Britain is steeling itself for painful spending cuts, but the good times are still rolling for the rich, including the bankers blamed by many for the country’s economic woes. Rescued by taxpayerReuters - 915 words
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Article, Illustration542 2010-06-01 22 AFP [WASHINGTON] The luxury goods market is rebounding from the slump caused by the global recession, but analysts say upscale sellers will be facing a hard slog due to changing demographics and lingering consumer caution. Global luxury goods industry sales are expectedAFP; BLOOMBERG - 542 words
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Page 22 Advertisements
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Advertisement25 2010-06-01 22 -fr- Lianhe Zaobao They can't afford govt land Tinier en bloc sites "land source" for smaller developers To subscribe, call 6388-3838 or go to sphsubscription.com.sg25 words
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AVIATION
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348 2010-06-01 23 AFP [SYDNEY] A giant plume of volcanic ash is disrupting flights in the Pacific and threatening villagers in Vanuatu, echoing similar problems which caused chaos in Europe, scientists and officials said yesterday. Forecasters in New Zealand said the cloud, spewing from Vanuatu’s Mount YasurAFP - 348 words
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Article, Illustration487 2010-06-01 23 Volcanic ash hurts airlines in northern Europe much more than competitors in the south, it says Reuters [FRANKFURT] Lufthansa wants a one-year delay to the inclusion of airlines in Europe’s emission trading scheme due to the flight disruption from a volcanic ashReuters; AFP - 487 words
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Article, Illustration630 2010-06-01 23 Bloomberg [LONDON] British Airways Plc cabin crew resumed their strike following the failure of talks over pay and staffing levels, grounding flights for tens of thousands of Britons during one of the UK’s busiest holidays for air travel. Flight attendants started aBloomberg; REUTERS - 630 words
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315 2010-06-01 23 VEN SREENIVASAN - The facility will create up to 100 new jobs by 2011 By VEN VEN SREENIVASAN [SINGAPORE] Air transport communications and IT solutions company SITA is setting up a global command centre in Singapore, which will create up to 100 new jobs by next315 words
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Article2910 2010-06-01 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 Adelaide LH9771 1745 LH9770 2350 SQ268 1745 SQ269 2350 VS7268 1745 VS7269 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 QF81 1820 Ahmedabad NH6292 1900 SQ530 1900 Amsterdam LO4031 0605 AZ3993 0025 SQ323 06052,910 words
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3592 2010-06-01 24 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.3,592 words
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Page 23 Miscellaneous
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Miscellaneous330 2010-06-01 23 CRYPTIC CROSSWORD Across 1 Share runner-up position so far behind! (5,6) 9 What may be used to cook a main dish covered in cheese? (4-5) 10 Character with a share of the takings (5) 11 Ladies worried about models of perfection (6) 12 Cocktail brew given to slurring young lady330 words
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Page 24 Advertisements
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Advertisement31 2010-06-01 24 Shipping lines seeking reliable logistics partners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? O 6 327 THE BUSINESS TIMES SHIPPING TIMES31 words
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SHIPPING
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Article, Illustration563 2010-06-01 25 ‘Top kill’ operation fails to plug well; ultimate solution lies in relief well OIL SPILL Reuters [VENICE, Louisiana] The US government and BP officials are warning that the blown-out oil well causing an environmental disaster on the Gulf Coast may notReuters; AP - 563 words
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627 2010-06-01 25 NYT [NEW YORK] As oil continues to gush from a broken well into the Gulf of Mexico, officials and scientists are worrying that the environmental disaster could be compounded later this year by a natural one. The hurricane season starts today and runs throughNYT - 627 words
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365 2010-06-01 25 AP [VENICE, Louisiana] BP plc CEO Tony Hayward on Sunday disputed claims by scientists that large undersea plumes have been set adrift by the Gulf oil spill and said the cleanup fight has narrowed to surface slicks rolling into Louisiana’s coastal marshes. During aAP - 365 words
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Article278 2010-06-01 25 SGX '000 May 31 S$ +/-Vol CH Offshore 0.53 0.02 2014 Chuan Hup Hldg 0.27 0.01 14 Cosco Corp 1.38 unch ***** CWT Ltd 0.83 -0.01 1171 Ezra Hldgs 1.75 0.04 ***** First Ship Lea 0.45 unch 1455 Freight Links unch unch 0 Grand Banks unch unch 0278 words
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EDITORIAL & OPINION
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476 2010-06-01 26 EDITORIAL A QUANTUM leap, or significant improvement: That’s what “version 2.0”, a phrase coined by Esther Dyson, a journalist and commentator on emerging digital technology, refers to, when compared with the earlier “version 1.0” software. Now, Singapore has borrowed the phrase to promise “the476 words
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Article, Illustration783 2010-06-01 26 PAUL KRUGMAN - THE BOTTOM LINE PAUL KRUGMAN The writer is a professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 WHAT’S the greatest threat to our still-fragile economic recovery? Dangers abound,783 words
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Article, Illustration1157 2010-06-01 26 SHAHID JAVED BURKI - The region has several sources of strength that it can tap into in the new century By SHAHID JAVED BURKI The writer is a senior visiting fellow at the Institute of South Asian Studies. He is a former vice-president of the World Bank and servedAFP - 1,157 words
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Article, Illustration1169 2010-06-01 27 SATYANARYAN R,DAVID NG - For Asian cities building up their transport infrastructures, strong governance and effective project execution are key By SATYANARYAN R,DAVID NG Satyanaryan R is executive director and head, Corporate Finance, and David Ng is director, Global Infrastructure and Projects Group, at KPMG Corporate Finance in Singapore.ST FILE PHOTO - 1,169 words
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Article, Illustration764 2010-06-01 27 ALAN KOZIARSKI - By ALAN KOZIARSKI The writer is the regional director of South and South East Asia at New Zealand Trade and Enterprise FOR the past 40 years the Singaporean government has advocated study hard, get ahead. And it has worked. Exceptionally. But in an economically andBLOOMBERG - 764 words
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SINGAPORE STOCKS
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Article8848 2010-06-01 28 Transaction date: May 31 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 6.5 3148 8Telecom 14.5 unch 20 14.5 14.5 14 15 1.7 12.5 4.7 69.4 10 5.5 58348,848 words
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Article1796 2010-06-01 29 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 6 -0.5 2 6 6 6 7 33.3 5.8 25 13 8538 t APStrategic 19 unch1,796 words
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Article9435 2010-06-01 29 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.12/ APS Alpha Fund (USD)!** 0.8/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.62/ Aberdeen Asset Mgt Asia Limited American Opp 0.6035/ Asian Credit Fund 1.2326/ Asian9,435 words
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Article679 2010-06-01 29 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 $mil 116 107 6389 ABF SG Bond ETF 116 109.5 114 529.5 883 610 CIMBAsean40 100US$ US817 +22 407 818 764 813 818 32.7 306679 words
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Article73 2010-06-01 29 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 $mil 56 27 6000 AVJennings A42 38 47 3.6 8.3 3.4 109.4 31 13 6017 Genting HK US$ US17.5 unch 1189 18 17.5 17.5 1873 words
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FINANCE & COMMODITIES
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374 2010-06-01 30 In local curr In S$ In US$ dy yr dy yr dy yr May 28 Index Change Change Change Change Change Change World Index Preliminary 801.5 -0.2 -3.7 -0.3 -7.3 -0.1 -7.3 EAFE Preliminary 737.3 0.3 -6.1 0.4 -13.6 0.6 -13.5 Europe Preliminary 1057.0 -0.1374 words
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Article182 2010-06-01 30 May 31 $S Offer Bid Overnight 0.02 PAR 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.45 0.35 1 month 0.60 0.40 2 months 0.65 0.45 3 months 0.70 0.50 6 months 0.90 0.70 9 months 1.10 0.90 12182 words
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Article22 2010-06-01 30 May 31 S$ Bid Offer 1-month 1.3981 1.3993 2-months 1.3981 1.3993 3-months 1.3980 1.3993 6-months 1.3977 1.3991 Source: OCBC22 words
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Article123 2010-06-01 30 May 31 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 10 392.0 390.0 392.0 26 Jul 10 370.0 Aug 10 335.0 Sep 10 320.0 Oct 10 312.0 Nov 10 311.0 Dec 10 311.0 Jan 11 311.0 Feb 11123 words
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Article90 2010-06-01 30 May 31 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 02.09.2010 0.29 0.28 0.27 1-Year BY*****W 03.05.2011 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 103.92 103.94 103.88 5-Year N*****0N 1.375 01.10.2014 101.9890 words
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Article105 2010-06-01 30 May 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 937.75 951.75 956.00 936.50 Aug 10 927.75 941.50 945.00 926.25 Sep 10 914.75 926.25 930.25 912.25 Nov 10 907.75 918.75 921.75 906.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 37.61 38.18 38.26105 words
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Article77 2010-06-01 30 CRUDE OIL PRODUCTS May 28 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 74.36 0.03 WTI (Near Mth) 74.13 -0.39 Dubai (1-Mth F) 74.35 2.49 Tapis blend 80.45 2.50 Minas 79.80 2.50 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 69.44 unch Jet Kerosene 82.80 unch US$/barrel Opec Oil77 words
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2555 2010-06-01 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3.5 -0.5 755 1 15 -3 5.43 48 4085 ASJ Hldgs W*****1 3 unch 4 1 4 8 2.17 21 2036 Advance SCT W*****9 0.5 12,555 words
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Article132 2010-06-01 30 May 31 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1770 1.2120 Can dollar 1.3250 1.3410 Euro 1.7170 1.7370 NZ dollar 0.9450 0.9660 Sterling pound 2.0160 2.0390 US dollar 1.3950 1.4120 Local dollars to 100 units of foreign132 words
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Article27 2010-06-01 30 May 31 Open High Sett STI Jun 2753 SIMSCI Jun 329.1 329.1 325.8 Taiwan Jun 260.5 261.6 260.9 Source: MF Global (S) Pte. Ltd27 words
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Article67 2010-06-01 30 May 31 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 10 2512 2499 2517 2499 156 3709 Jul 10 2484 2475 2494 2469 2122 ***** Aug 10 2437 2436 2457 2425 5549 ***** Sep 10 2421 240167 words
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Article365 2010-06-01 30 May 31 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.4050 0 2323 Sep10 99.1850 0 2973 Dec10 99.0200 0 1268 Mar11 98.8650 0 453 EUROYEN TIBOR FUTURES Jun10 99.6100 0 5237 Sep10 99.6200 99.6200 99.6200 99.6200 262 3156 Dec10 99.6250 0 1461 Mar11 99.6200 99.6200365 words
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Article465 2010-06-01 30 May 31 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.891 5.795 0.689 6.613 39.500 77.864 0.777 10.202 2.765 1.243 72.449 39.267 1.187 6.481 0.982 27.140 27.598 0.585 0.849 Canada 1.123 6.505465 words
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Article85 2010-06-01 30 May 31 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-06-01 30 May 31 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1861 1.1879 0.8484 0.8489 Canadian dollar 1.3315 1.3334 0.9524 0.9529 Euro 1.7209 1.7227 1.2309 1.2311 NZ dollar 0.9542 0.9556 0.6825 0.6829 Sterling pound 2.0270 2.0293 1.4498 1.4502154 words
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Article141 2010-06-01 30 May 31 GOLD (US$/oz) May 31 May 28 Hong Kong 1213.00 1214.50 May 28 May 27 London 1202.60 1214.75 1203.40 1215.50 Source: Thomson Reuters Source: Thomson Reuters CAST BAR May 31 (S$) Selling Buying Kilobar "58,730.16" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 131.61 55 5gm 373.43141 words
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Article71 2010-06-01 30 May 28 May 28 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2012.75 2034.50 3 months 2043.00 2065.00 Copper, Grade A (US$/tonne) Cash 6911.25 6955.00 3 months 6939.00 6984.00 Lead (US$/tonne) Cash 1823.75 1816.75 3 months 1850.00 1844.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article81 2010-06-01 30 May 28 COCOA (£/tonne) Close Prev High/Low Jul 10 2420 2434 2445/2396 Sep 10 2341 2355 2361/2312 Dec 10 2283 2306 2311/2259 Mar 11 2253 2276 2281/2246 COFFEE (US$/tonne) Close Pev High/Low May 10 1301 1301 Jul 10 1338 1336 1340/1325 Sep 10 1374 1372 1376/1361 Nov 10 139981 words
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PROPERTY
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Article, Illustration1134 2010-06-01 31 Fears that the real-estate market is overheating weigh on performance Bloomberg [HONG KONG] Dollar bonds sold by China real estate companies this year are the worst performers among Asian non-financial corporate debt denominated in the US currency amid concern that the nation’sBloomberg; AFP - 1,134 words
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Article, Illustration514 2010-06-01 32 KALPANA RASHIWALA - But index expected to rise at slower pace or stay flat in May By KALPANA RASHIWALA LATEST flash estimates from National University of Singapore show that its overall price index for non-landed private homes rose 2.5 per cent in April over theSource: NUS - 514 words
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314 2010-06-01 32 Demand for resale homes in D1, 2 4 still resilient RESALE deals of non-land-ed private homes in districts 1 and 2 (which cover Singapore’s financial district) as well as district 4 (which includes Sentosa Cove, Keppel Bay and Harbourfront areas) reached $750.8 million for the whole of last year, according314 words
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Article, Illustration420 2010-06-01 32 UMA SHANKARI - It cites good sentiment, low interest rates By UMA SHANKARI FAR East Organization plans to launch up to six residential projects with more than 1,500 units in the second half of this year, said chief operating officer Chia Boon Kuah. Mr Chia,420 words
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Page 31 Advertisements
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Advertisement141 2010-06-01 31 BALMORAL ROAD DEVELOPMENT OPPORTUNITY a 4? '!S i& ks *;n fe m a i» r. Hi Contact: CB Richard Ellis (Pte) Ltd Investment Properties Galven Tan/Jeremy Lake Tel: 6224 8181 6 Battery Road #32-01 Singapore *****9 Single Owner Prominent corner location; off Bukit Timah Road and Balmoral Road Existing 28141 words
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Advertisement67 2010-06-01 31 36 KAKI BUKIT PLACE Business Space For Lease W t, p jjTiii'" [.ill' l!i SiliiiW I s rsi 1 v' Unit sizes from 7,886 sq ft to 31,544 sq ft Loading bays with dock levelers, car park at basement Near food centres, bus stops and other amenities For office showroom67 words
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Advertisement98 2010-06-01 31 CREDO REAL cSIAlb Subject Site MRT V> N O' K,™" a SoleliaV 5 Square Sinaran\ M O u Waldorf Mansions at Moulmein/Balestier huiling@credo.com.sg choonfah credo.com.sg Land En bloc Sales Office Buildings 11,384 sf land; Freehold; GPR2.8 Near Novena MRT, Velocity, United Sq Rectangular plot, quiet cul de sac 1 km98 words
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Advertisement119 2010-06-01 31 adv Resorts World Golf Course One °15 Marina Club Island Resort Lifestyle The OCEANFRONT SENTOSA COVE Seaview 4 Room, 2820 sq ft 4 Room, 2077 sq ft Seaview 3 Room, 1884 sq ft Marina view Marina view 3 Room, 1744 sq ft 3 Room, 1711 sq ft Prime High-Level Units119 words
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Page 32 Advertisements
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Advertisement153 2010-06-01 32 RARE PRIME OFFICE STRATA FLOORS FOR SALE BY EXPRESSION OF INTEREST Actual view from 24 lloor Top 3 (22nd to 24th) floors of Tung Centre, Raffles Place Strata area of approximately 29,129 sq ft prime office space Unobstructed views of Marina Bay Large floor plate of approximately 9,700 sq ft153 words
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Advertisement176 2010-06-01 32 For Sale By Tender Rare Development Site in CBD jJLULLItUE JEummt ummp immm' umt i i ft TANJONG PAGAR Mapletree Anson w HOU wnr] a 3IBBII 1 TELOK AYER (U/C) MAS Building SHENTON WAY UIC Shenton One Shenton Building House (u/c) DOWNTOWN (u/c) "Chow House" along Robinson Road Existing freehold176 words
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THE BUSINESS TIMES Singapore Business Awards
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Article, Illustration382 2010-06-01 1 Emilyn Yap - Emilyn Yap HE Business Times is serious when it says it is here for its readers. One needs to look only at the history of the Singapore Business Awards (SBA) to know this. Twenty-five years and five economic downturns on, the SBA is still going strong. It has382 words
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Article, Illustration1612 2010-06-01 2 EMILYN YAP - Zhong Sheng Jian tells EMILYN YAP how Yanlord got to where it is today, and how it is dealing with property market challenges BUSINESSMAN OF THE YEAR EMILYN YAP ASK most chief executives what their business targets are, and profit or revenue numbers invariablyARTHUR LEE - 1,612 words
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Article309 2010-06-01 2 SINGAPORE’S presence on the Forbes list of billionaires has grown a little bit bigger in the last few years thanks to Yanlord Land Group chairman and chief executive Zhong Sheng Jian. The China-born Singapore citizen, with the help of his property empire, made it to the309 words
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Article, Illustration1240 2010-06-01 4 VEN SREENIVASAN - When Eiji Koike took over as CEO in 1997, Cerebos Pacific was a loss-making subsidiary beset by a host of problems. Today, it is well on its way to becoming a company with a revenue of $1 b. VEN SREENIVASAN meets the man behind thisARTHUR LEE; Source: Cerebos - 1,240 words
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Article, Illustration1701 2010-06-01 9 CHEW XIANG - CME’s Phupinder Gill tells CHEW XIANGwhy it is so important for an exchange to be predictable and to have a pulse on the market OUTSTANDING CEO (OVERSEAS) CHEW XIANG PHUPINDER Gill’s first day on the job was Monday, Oct 19, 1987, as a rookie price reporterARTHUR LEE; BLOOMBERG - 1,701 words
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Article, Illustration1884 2010-06-01 10 TEH SHI NING - TEH SHI NINGfinds out more about the compelling business story behind International SOS from its chief executive Arnaud Vaissié ENTERPRISE AWARD TEH SHI NING INTERNATIONAL SOS’s business yields one compelling story after another. From mobilising aid to natural disaster zones staging 87 evacuations from the recent HaitiFILE PHOTOS; ARTHUR LEE - 1,884 words
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Article, Illustration2031 2010-06-01 12 EMILYN YAP - The Business Times created the Singapore Business Awards to recognise managerial and entrepreneurial excellence, reports EMILYN YAP EMILYN YAP EVERY industry needs role models. But up until 1985, Singapore’s corporate world had no official heroes to speak of. Everyone knew who the prominent head2,031 words
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Article, Illustration630 2010-06-01 17 A year is all it takes for financial markets to collapse and bounce back. Imagine the amount of drama that unfolds in 25 years. Entrepreneurs go from rags to riches, corporate dynasties fall, and the histories of bigwigs get rewritten many times over. The Singapore BusinessPHOTOS: ALL PHOTOS FROM BT/ST FILES - 630 words
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Article, Illustration1346 2010-06-01 19 Prominent developers share their views on where the property market is headed PRIVATE residential prices in Singapore have been climbing since the second quarter of last year, prompting home seekers and investors who haven’t gotten their feet wet to wonder: “Should I still buySTOCK.XCHNG - 1,346 words
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Article, Illustration2032 2010-06-01 22 Four previous winners of the Businessman of the Year award discuss how their companies came through last year’s downturn DOING business is hard enough on a normal day. In uncertain times like these, with European nations bordering on bankruptcy and stock markets see-sawing, closing a deal canAP PHOTO/THE SEDALIA DEMOCRAT, HAL SMITH - 2,032 words
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Article, Illustration2550 2010-06-01 24 SIOW LI SEN - Wee Cho Yaw has been with the bank his father helped to found for more than half a century. SIOW LI SENreports SIOW LI SEN WHEN Wee Cho Yaw says United Overseas Bank (UOB) is in his blood, perhaps he should add that it is2,550 words
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Article, Illustration1216 2010-06-01 26 Only three women so far have emerged as winners at the Singapore Business Awards. Is the proverbial glass ceiling still in place? THE Singapore Business Awards have been around for more than 20 years and have recognised more than 60 corporate leaders for their achievements. Yet,STOCK.XCHNG - 1,216 words
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Article, Illustration1207 2010-06-01 26 DAVID RHODES,DANIEL STELTER - DAVID RHODES and DANIEL STELTER urge leaders to adopt game-changing strategies in a post-recession era DAVID RHODES,DANIEL STELTER David Rhodes is a Boston Consulting Group senior partner and the global leader of the firm’s financial institutions practice. Daniel Stelter is a BostonSTOCK.XCHNG - 1,207 words
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Article, Illustration1546 2010-06-01 27 JOHN PEARSON - Trade flows in the region are expected to surge as the world recovers from the recession. JOHN PEARSON looks at what can be done to maintain this competitive advantage JOHN PEARSON John Pearson is the CEO of DHL Express Asia Pacific/EEMEA TO PUT A twist on a well-knownREUTERS - 1,546 words
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Article, Illustration1530 2010-06-01 28 Three Outstanding CEO winners discuss the importance of talent management and how best to groom the next generation of leaders TALENT management is a perennial topic which occupies the minds of top business leaders. Three past winners of the Outstanding Chief Executive of the Year award Ascendas presidentSTOCK.XCHNG - 1,530 words
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1285 2010-06-01 28 GAUTAM BANERJEE - GAUTAM BANERJEE offers some pointers on how companies can benefit from ESC initiatives GAUTAM BANERJEE Gautam Banerjee is executive chairman of PricewaterhouseCoopers LLP THE global economy is recovering from its severest recession in 60 years, but the rebound remains sluggish and uneven1,285 words
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Article1200 2010-06-01 29 TAN WAH YEOW,PETER CHAY - TAN WAH YEOWand PETER CHAY advise company heads to re-examine business strategies and manage capital closely TAN WAH YEOW,PETER CHAY Tan Wah Yeow and Peter Chay are the heads of advisory at KPMG in Singapore. The views and opinions expressed herein are those of1,200 words
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Article, Illustration1144 2010-06-01 29 CHALY MAH - The economic recovery gives companies a golden opportunity to reconfigure their business models and move to the next level of excellence. So seize the moment, urges CHALY MAH CHALY MAH Chaly Mah is CEO of Deloitte Asia Pacific A GOOD DOSE of strategic thinkingSTOCK.XCHNG - 1,144 words
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Article, Illustration1089 2010-06-01 30 NA BOON CHONG - Forward-thinking Singapore companies have started a fundamental review of their compensation and talent practices to prepare themselves for the eventual upturn. NA BOON CHONGhas the details NA BOON CHONG Na Boon Chong is director of consulting, Southeast Asia, for Aon Consulting COMPANIES that were pro-active andSTOCK.XCHNG - 1,089 words
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Article, Illustration1092 2010-06-01 30 NITIN PANGARKAR,DEBESH SHARMA - Customers and staff are key components of corporate DNA and must be nurtured to ensure company longevity. NITIN PANGARKAR and DEBESH SHARMAexplain NITIN PANGARKAR ,DEBESH SHARMA Nitin Pangarkar is an associate professor in strategy at the NUS Business School. His research and teaching are focused on globalisationAFP - 1,092 words
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Article, Illustration1225 2010-06-01 32 JAMES CHADAM - JAMES CHADAM highlights five critical areas of focus for organisations seeking to take advantage of opportunities in the recharging economy JAMES CHADAM James Chadam is partner and managing director of Accenture’s Asean strategy practice, based in Singapore WATSON, Crick and Wilkins won the Nobel Prize inSTOCK.XCHNG; Source: When Good Management Shows: Creating Value in an Uncertain Economy, J Linder and B McCarthy, Accenture - 1,225 words
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Article, Illustration986 2010-06-01 32 LAU GEOK THENG - The global economic crisis was also a crisis of trust for the financial industry. Now’s the time to put things right, says LAU GEOK THENG LAU GEOK THENG Lau Geok Theng is an associate professor in marketing at the NUS Business School. He specialisesFILE PHOTO - 986 words
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Article, Illustration960 2010-06-01 34 DILYS BOEY - DILYS BOEY stresses the importance of engaging and retaining talent in an increasingly complex market DILYS BOEY Dilys Boey is partner for performance improvement at Ernst Young Advisory Pte Ltd DURING the recent economic crisis when liquidity was a prime concern, companies secured their businesses by focusingSTOCK.XCHNG; Source: Lessons from Change, Findings from the market, Ernst & Young, 2009 - 960 words
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Article, Illustration1148 2010-06-01 34 VIJAY SETHI - Companies need to encourage mavericks and embrace ‘out-of-the-box’ ideas to break new ground, says VIJAY SETHI VIJAY SETHI Vijay Sethi is professor at the Division of Information Technology and Operations, Nanyang Business School, Nanyang Technological University AS VAST and rapid changes take placeSTOCK.XCHNG - 1,148 words
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Article, Illustration649 2010-06-01 36 Two previous Outstanding CEO (Overseas) Award winners discuss how their companies stay fit and relevant in foreign markets COMPANIES which derive much of their earnings from Asia particularly China had much to be thankful for last year. As developed economies spiralled into a downturn, Asian consumers remained inFILE PHOTOS - 649 words
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Article, Illustration1062 2010-06-01 36 TAH WEE HAN,BERNADINE LEE - TAH WEE HANand BERNADINE LEEoffer six tips to help you localise your business overseas ‘Success is not an entitlement. We must continue to earn the trust and respect of customers every day by remaining highly respectful of the cultures and traditions of the countries in whichSTOCK.XCHNG - 1,062 words
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Article, Illustration991 2010-06-01 37 Businessmen from three previous Enterprise Award winning companies share their thoughts on overseas expansion COMPANIES looking to venture overseas have received several pieces of good news in the last few months. From creating an export credit agency to providing more funding, the government is steppingSTOCK.XCHNG - 991 words
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958 2010-06-01 37 STEVEN PHAN - To run a global business, one must adopt a global mindset, STEVEN PHANreminds companies STEVEN PHAN Steven Phan is country managing partner of Ernst Young LLP THE TWO most important trends shaping our world today are the shift of capital from developed to emerging markets and958 words
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Advertisement57 2010-06-01 1 CONTENTS Picking corporate role models PAGE12 Weathering the storm PAGE 22 Wee Cho Yaw and UOB PAGE24 Eye on the global arena PAGE37 Supplement Co-ordinator: Emilyn Yap Sub-editors: Leong Sau Ming, Lilian Lee Copy Editor: K Mohanan Cover design and illustration: Ludwig Ilio Graphic artists: Mohamad Khairie Rahmat, Noordin Ayob,57 words
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Advertisement109 2010-06-01 3 Mr Zhong Sheng Jian Chairman CEO Yanlord Land Group Limited HE WHO IS TRULY SUCCESSFUL, KNOWS HE IS NOT ALONE IN HIS SUCCESS. Yanlord Land has come a long way to become one of China's leading and most recognisable real estate developers. This is an achievement made possible only with109 words
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Advertisement482 2010-06-01 5 f n m Only the best have the ability to turn the ordinary into the extraordinary, and there is no better person than the dynamic President and Chief Executive Officer of Cerebos Pacific Limited, Mr Eiji Koike, to propel the company to greater heights of excellence. The winner of the482 words
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Advertisement888 2010-06-01 6/7 2010 is the year BRAND'S® celebrates 175 years of promoting good health and positive living. It is enjoyed by millions around the world in China, Hong Kong, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Sri Lanka, Thailand and Vietnam, with over 150 million bottles sold per year. That is enough to go888 words
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Advertisement345 2010-06-01 8 Bus less Exce ence t one vaue erebos believes in investing in a sustainable future for all stakeholders and aims to grow with the communities that it operates in. Community involvement is an important cornerstone of Cerebos' success as a socially responsible organization and is focused on health promotion, education,345 words
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Advertisement199 2010-06-01 11 CONGRATULATIONS TO Phupinder Gill PRESIDENT, CME GROUP honored by the Singapore Business Association As president of CME Group, Phupinder Gill played a vital role in expanding and extending what is now the world’s most dynamic and diverse derivatives marketplace—including overseeing the groundbreaking merger and integration that formed CME Group, guiding199 words
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Advertisement216 2010-06-01 13 International r r i r r AlKUW ■'J 1 J i r l > U\ F. *1 4Ti IL. -j •'*> f' 1 i 1 i 1 «i° p iiilo-'-csii i JT >■* I CC a 'it. .r rx ,rtM if PBW^UBPj! l'i» ir H-r r v vV V 0216 words
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Advertisement1064 2010-06-01 114/15 SINGAPORE BUSINESSAWARDS 2010 Enterprise Award Winner Every day, millions rely on International SOS wherever they live or travel. International SOS helps organisations manage the health and security risks facing their international travellers and expatriates, 24 hours a day, 365 days a year. With civil unrest, international terrorism and natural disasters1,064 words
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Advertisement214 2010-06-01 16 "You need to be very set on what you want to achieve. Know the difference you're going to bring to the market, ut be flexible and adjustable on how you do bring that difference about, j j Arnaud Vaissie, Co-founder Chairman/CEO International SOS A Company With A Difference The spirit214 words
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Advertisement188 2010-06-01 19 SINGAPOREBUSINESSAWARDS 2010 CELEBRATING SINGAPORE'S 25 YEARS OF ENTREPRENEURIAL SPIRIT ROTARY ENGINEERING IS PROUD TO BE PART OF THE CELEBRATION ENTERPRISE AWARD WINNER 2007, SINGAPORE BUSINESS AWARDS iqsS fcteillil't j A .'~2 pi— Id .1 J'ljl L, r* mmm MapTa Phut Olefins Complex, Rayong, Thailand Oiltanking MerakTerminal, Merak, West Java, Indonesia188 words
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Advertisement328 2010-06-01 20/21 I. w E B r^-rrs L r 'flFPT 1 -•■ua nccox -icttc ■on nr. il "BiHHSiiHl :i in——n. «.^T"5 51 EMLJLJ iidlii J I inz Bi -O I ifrP* SBBH wrf 'flWr 11 fT-T'r -5®}=: L anraffiaiEM'sssg^ss-OL-I Is LCLLLL'JJXI WJH-Jol oaSSw I fClLr 0 < I a» e5 t w328 words
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Advertisement171 2010-06-01 23 EXPANDING HORIZONS. SOARING AMBITIONS The Hong Leong Group had its humble beginnings in 1941 when a young entrepreneur, Kwek Hong Png, set up a small hardware store along Beach Road. Since then the Group has taken off, with businesses in property, hotels, finance, and trade and industry. Every company within171 words
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Advertisement85 2010-06-01 25 What would you like your space to be? As innovators of business space with one of the largest footprints in Asia, Ascendas has redefined business landscapes, catalyzing investments in cities we operate in. Our presence is a sign of assurance and a mark of distinction for numerous Fortune 500 corporations,85 words
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Advertisement257 2010-06-01 27 f-i ■<-r. ~^r, ev ir v af 7w 1 <4 da „,1 *~7 £*V 1 ~^ar^ V 'J -i <7 4 fc# < J I 4 -5r 7 AT DAIRY FARM, IT'S ALL ABOUT ENERGY, PASSION, AND PRIDE IN PERFORMANCE. C--7 -7. -r', j -5r -ri T P '3 -T257 words
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Advertisement158 2010-06-01 29 ip* 5 0*1 u fife vH7*. •EK40^ GA82 1 0R4638 pteris 1 Global harmony motion Where Engineering Ideas ght With over 150 airports logistics projects spanning across 6 continents and more than 40 countries, Pteris Global is one of the world's leading integrators in airport logistics systems Baggage Handling Systems,158 words
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Advertisement172 2010-06-01 31 Congratulations To All Winners Of The Singapore Business Awards 2010 Businessman Of The Year Zhong Sheng Jian Chairman CEO Yanlord Land Group Ltd For his vision and outstanding entrepreneurial success in building up Yanlord Land Group as a real estate developer of high-end residential and integrated development projects in high172 words
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Advertisement188 2010-06-01 33 WITH A WEALTH OF EXPERIENCE COMES THE CREATION OF PERFECTION. THE BERTH Sentosa Cove PARADISE ISLAND Sentosa Cove THE COAST Sentosa Cove rrSE A "A I :l H asri r i 1 "IT i 1ft Ml! m m 4» m SEASCAPE Sentosa Cove ■Agg it T»- L. w 1 5'188 words
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Advertisement94 2010-06-01 35 !0 0 v> w V .*> B 4© <$ L^R SINGAPOREBI JSINESSAWARDS 2010 M I. ***1 "V Q <> t V-s V ,~1 \A rc ■m <* J033 aaa jaa'J aa3J tfcttS sap iobSSS SCSa. Si aaoaii IS o"! TUl 1. Mr Zhong Sheng Jian Chairman President Yanlord Land Group94 words
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Advertisement208 2010-06-01 38/39 WARMEST CONGRATULATIONS TO MR ZHONG SHENG JIAN, CHAIRMAN CEO OF YANLORD LAND GROUP LIMITED FOR BEING NAMED THE BUSINESSMAN OF THE YEAR. y QisBm I! fci ''J r ■> i in II iff 'I «I "®ii 3 -li 10 rr 1 n nr III Ip I I'll' III! II I208 words
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Advertisement120 2010-06-01 40 Zhuhai Yanlord Marina Centre WE ARE BUILDING TODAY. FOR TOMORROW. It is with unwavering dedication to perfection that enables one to erect buildings that will stand and serve for generations to come. As one of China's leading real estate developers, Yanlord Land is committed to creating quality residential and commercial120 words
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