The Business Times, 5 October 2010
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2010-10-05
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The Business Times
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Title Section23 2010-10-05 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, October 5,201023 words
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Article, Illustration645 2010-10-05 1 KALPANA RASHIWALA - Copthorne Orchid, which was to make way for a condo, will keep its doors open a while longer By KALPANA RASHIWALA [SINGAPORE] The Copthorne Orchid Hotel along Dunearn Road, which was slated for closure at the end of this year, will now stayFILE PHOTO - 645 words
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741 2010-10-05 1 ANDREW MARKS - Analysts brace for downside surprises from cloudy quarter By ANDREW MARKS THE third quarter earnings season of corporate America kicks off this week with Alcoa’s report on Thursday. But with the peak weeks of the profit reports not due until the week741 words
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Article140 2010-10-05 1 ST INDEX 3,157.45 (+26.55) ST INDEX FUTURES 3,156 (+27) SIMSCI 368.40 (unch) SIMSCI FUTURES 370.20 (+1.20) FOREX US$ S$ US$ (S$ per US$) 1.313 (US$/S$ per 1.580 2.074 EURO (US$/S$/E) 1.374 1.803 Foreign currency per US$ S$ YEN 83.20 63.40 RM 3.087 2.351 HK$ 7.761 5.911 BAHT 30.16140 words
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Page 1 Advertisements
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Advertisement37 2010-10-05 1 KWA GEOK CHOO, 1920-2010 Thousands mourn her loss PAGE 4 COMMONWEALTH GAMES Business world using Games to assess India PAGE 25 PROCESSCEM ASIA Holding up Singapore’s economic pillars PAGES Inc PAGE 15 Online voucher deals for foodies37 words
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TOP STORIES
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Article, Illustration470 2010-10-05 2 GRACE LEONG - By GRACE LEONG [SINGAPORE] Steve Mannering, an oil consultant who shuttles between here and London on a regular basis, is one of many who have not changed their travel plans despite heightened warnings from the United States and Britain about potential terrorist threatsAP - 470 words
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446 2010-10-05 2 Bloomberg Reuters [NEW YORK] The euro declined from a six-month high against the dollar yesterday after data showed a bigger-than-expected rise in US pending home sales for August. The euro edged down against the dollar after the data to US$1.3694, down 0.7 perBloomberg; Reuters - 446 words
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Article, Illustration558 2010-10-05 2 CHUANG PECK MING - Financial stability should not curb growth, innovation: Hwee Hua to Europe By CHUANG CHUANG PECK MING TIGHTER financial regulation is being put in place to prevent a repeat of 2008-09’s global credit crunch, but the best approach is to maintain a healthy scepticism:558 words
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Article591 2010-10-05 2 Hold-up keeps hotel from checking-in to history THE Copthorne Orchid Hotel along Dunearn Road, which was slated for closure at the end of this year, will now stay open for at least three months beyond that, BT understands. Tenants will also keep operating till March 31, 2011, although591 words
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Article, Illustration881 2010-10-05 4 LYNN KAN - SM Goh: PM had thought he could be at Brussels and still make it back in time KWA GEOK CHOO, 1920-2010 By LYNN KAN [SINGAPORE] Before Prime Minister Lee Hsien Loong was due to depart for the Asia-Europe Meeting in Brussels last week,HO PENG YEW/LIANHE ZAOBAO - 881 words
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Article, Illustration930 2010-10-05 4 Fock Siew Wah Group chairman, PSA International MY wife and I have been fans of Mrs Lee for many years. She was always thoughtful, considerate, helpful and patient. Most importantly, perceptive and able to read MM Lee well. An extraordinary and exceptional human being. I remember vividly the visitTHE STRAITS TIMES FILE PHOTO - 930 words
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616 2010-10-05 4 GOH CHOK TONG - SM Goh’s letter to MM Lee Yours sincerely, GOH CHOK TONG Dear MM, I am writing to express Choo Leng’s and my condolences to you on the passing of Mrs Lee. When Loong told me of Mrs Lee’s deteriorating condition after616 words
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Page 2 Advertisements
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Advertisement176 2010-10-05 2 MENS HI!!!!] .ii., in I** t»* World's Finest Serviced Offices A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of a secretary We help businesses succeed Call to arrange a personal tour today!176 words
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Advertisement10 2010-10-05 2 Europe seeks bigger global role with Asian giants, Page 3010 words
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Page 3 Advertisements
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Advertisement165 2010-10-05 3 mm Vr W 7/ *<. P' 1,1 .^P"v 1 k We were there when young people used to do the joget, foxtrot and the cha-cha. We were there when disco was cool (What were we thinking!?) We were there all through breakdance, techno, hip-hop, and (oh dear) the macarena. e165 words
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Advertisement140 2010-10-05 5 t s i; j ft AIA U M F7 Markets p r Employees > jr v-md OlfER 5 m t Agents OlfER i ■5 i V* X t ln-force Policies OlfER 3 f TO r -v# 9H iisesK «l BBf #V ff /flf V \VS fell TmmWV£ ft v| i140 words
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COMPANY NEWS
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Article, Illustration489 2010-10-05 6 VEN SREENIVASAN - Demand shows signs of losing momentum after sharp recovery in the industry AIRLINE STOCKS By VEN SREENIVASAN GLOBAL airline shares have outperformed equity markets, rising by more than 21 per cent so far this year, thanks to a sharp recovery inFILE PHOTO - 489 words
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298 2010-10-05 6 NISHA RAMCHANDANI - By NISHA RAMCHANDANI SHARES in Tiger Airways took a hit yesterday after the budget carrier was forced to cancel a number of flights last week due to technical issues with two of its aircraft. The share price dived 3.9 per cent or 8 cents298 words
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588 2010-10-05 8 LYNETTE KHOO - System is outdated, says sec-gen of Asian corporate governance group CORPORATE GOVERNANCE BY LYNETTE KHOO VOTING by show of hands at shareholder meetings is an outdated system and it is a “simple thing to get it right”, said Jamie Allen,588 words
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345 2010-10-05 8 JAMIE LEE - By JAMIE LEE RISK managers should answer directly to the companies’ board such as to the audit committee to ensure that risks are more clearly spelt out, a recent OECD report on corporate governance and the financial crisis suggested. This comes as the345 words
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138 2010-10-05 8 OUTGOING chairman of Singapore Exchange JY Pillay has been awarded a special Singapore Corporate Governance Excellence Award by the Securities Investors Association (Singapore), or SIAS. Mr Pillay, who retires from his position as chairman at the end of this year, was honoured for138 words
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Article, Illustration401 2010-10-05 8 FELDA CHAY - SIAS hopes to make the public statement an annual affair By FELDA CHAY THE importance of good corporate governance got a strong endorsement yesterday from 81 companies, organisations and professional bodies in the form of a statement of support coinciding with the startFILE PHOTO - 401 words
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Article, Illustration507 2010-10-05 9 CONRAD TAN - July-Sept securities turnover up 3.5% to $99.7b from preceding quarter By CONRAD TAN THE value of shares traded on the Singapore Exchange (SGX) rose 20 per cent to $38 billion in September from a month earlier, but average daily trading volumeBLOOMBERG - 507 words
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227 2010-10-05 9 It allows investors and traders to get intra-second updates THE Straits Times Index (STI), which has served as the barometer of the Singapore market for more than 40 years, is now delivered on a new streaming basis, starting yesterday. A joint announcement yesterday227 words
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375 2010-10-05 11 JOYCE HOOI - The dark pool joint venture is expected to be ready for trading this quarter By JOYCE HOOI CHI-EAST the joint venture dark pool between Chi-X Global Inc and the Singapore Exchange (SGX) announced yesterday that it has obtained approval from the Monetary Authority375 words
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417 2010-10-05 11 Private banking arm to focus on China, Indonesia and India Reuters THE private banking arm of Singapore’s DBS expects 20 to 30 per cent annual growth in net new assets from China, Indonesia and India, as it gears up for expansion in Asia’sReuters - 417 words
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249 2010-10-05 11 Bloomberg DEUTSCHE Bank AG won a court order that a company controlled by two of Indonesia’s richest men must end legal attempts outside Singapore to regain pledged shares that Germany’s biggest bank sold. Beckkett Pte, controlled by Sukanto TanotoBloomberg - 249 words
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COMPANY BRIEFS
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Article52 2010-10-05 11 BOUSTEAD Singapore said that its energy-related engineering division has secured about $9 million in contracts from the oil gas industries in South America. The contracts involve the design, process engineering and construction of waste heat recovery units for onshore and offshore oil gas installations in Brazil52 words
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Article48 2010-10-05 11 DARCO Water Technologies, a provider of integrated engineering and water treatment solutions, has acquired WLF Industrial Co Ltd Taiwan, a manufacturer of sludge scrappers for municipal drinking and sewage treatment plants, through a share-swap agreement. The acquisition is valued at NT$10 million (S$424,000).48 words
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Article91 2010-10-05 11 CNA Group Ltd, an enabler of intelligent buildings and facilities, has signed a letter of intent for the placement of new CNA shares to a company which is a member of an Asian conglomerate with international operations. If finalised and completed, the private placement is expected91 words
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Article64 2010-10-05 11 SIA Engineering Company Ltd (SIAEC) has signed a support package contract with Airbus to provide maintenance, repair and overhaul (MRO) services for Singapore Airlines’ fleet of five Airbus A340-500 aircraft. Under the six-year contract, Airbus directly procures the MRO services from SIAEC for the support64 words
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Page 6 Advertisements
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Advertisement3511 2010-10-05 6 UNION STEEL HOLDINGS LIMITED UNION STEEL HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Co. Reg No. *****0181W NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of UNION STEEL HOLDINGS LIMITED will be held at 33 Pioneer Road North Singapore *****4 on Thursday, 213,511 words
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Advertisement137 2010-10-05 6 Gold breached the US$1300 mark. Will Gold bulls continue to run? GOLD THE ULTIMATE ASSET Volatile market conditions have increased the appeal of gold as the safe haven asset. GOLD prices have crossed the US$1,320 mark this year. Will it hit a higher milestone? Let Phillip Futures help you discover137 words
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Advertisement235 2010-10-05 7 PATEK PHILIPPE GENEVE Begin your own tradition. LL TV |-t or P =r c O pX5 n> rD p_ rD P 2? ft < L o CA p ?d 3 "Of course, the acoustics have to be tested. In ourfamily-owned watch company, the President Every Patek Philippe wristwatch with a235 words
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Advertisement2675 2010-10-05 8 X Karin Technology Holdings Limited Karin Technology Holdings Limited (Incorporated in Bermuda on 30 August 2002) (Company Registration Number *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that an Annual General Meeting of the Company will be held at Banquet Suite, Level 10, M Hotel Singapore, 81 Anson2,675 words
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Page 9 Advertisements
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Advertisement78 2010-10-05 9 Fantasy Waterbeds Pte Ltd Where Sleep Matters. Up To30%o OFF Quality Waterbeds With perfect lumbar, neck and back support, wou can finally experience complete holistic sleep and all the benefits that come with it. *Visit our ||M Fantasy Sleep Centre for your ultimate sleep solutions. no more backaches #01 -15/1678 words
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Advertisement52 2010-10-05 9 Tradition in Private Banking. .Mr- m me ■v; V* WM'-m-' m y JN V 0-^m -*>,• For us, private banking means drawing on tradition to create new value. Also for you: +65 6532 5325 or www.claridenleu.com Clariden Leu Ltd., Singapore Branch, Singapore Clariden' \Vr Leu SWISS PRIVATE BANKING SINCE 175552 words
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SINGAPORE MARKETS
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Article, Illustration591 2010-10-05 10 R SIVANITHY - Afternoon caution sets in when US futures fall, but local index still closes at two-year high STOCKS R SIVANITHY Senior Correspondent TRADERS yesterday bet heavily on Wall Street extending its recent gains, most probably after hints from US Federal Reserve officials that additional591 words
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Article66 2010-10-05 10 Oct 4 VALUE CLOSE BT OB/OS 188.00 +62.00 BT CADI -*****.00 +88.00 BT 10-day MA -*****.00 +18.00 FTSE ST Mid Cap 779.95 +2.85 FTSE ST Small Cap 573.15 +1.00 FTSE ST All Share 779.87 +5.67 FTSE ST China Top 285.16 +0.95 FTSE ST China 320.37 +3.64 FTSE66 words
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Article62 2010-10-05 10 VOLUME Genting SP 256,121,000 *Genting HK US$ 122,265,000 JES 119,552,000 Eagle Brand 70,302,000 Golden Agri 60,914,000 ChinaNTown 42,131,000 Beng Kuang 40,440,000 Noble Grp 39,896,000 Contel 38,005,000 GMG Global 37,315,000 VALUE($) Genting SP 525,588,980 Keppel Corp 121,738,950 DBS Grp 85,168,960 OCBC Bk 80,268,630 Noble Grp 77,969,840 UOB 76,354,39062 words
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Article186 2010-10-05 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 4 4 0 0 0 9 4 4 Manufacturing 72 56 75 9 5 18 81 61 93 Commerce 34 12 28 5 5 6 39 17 34 Tpt/Stor/Comms 18 14 10186 words
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Article123 2010-10-05 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 50,770 50,770 167,136 167,136 Manufacturing 635,144 23,763 658,907 358,745 2,923 361,667 Commerce 148,897 33,149 182,046 144,613 5,480 150,094 Tpt/Stor/Comms 127,589 1,295 128,884 199,878 148 200,026 Finance 34,589 151 34,740 300,749 20 300,769 Construction 52,472 23,880123 words
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Article109 2010-10-05 10 Stock name Close Change Stock name Close Change CapMallsAsia 2.240 +0.050 CapitaLand 4.130 +0.010 CapitaMall 2.140 +0.050 CityDev 12.440 -0.440 ComfortDelGro 1.540 DBS Grp 14.360 +0.140 F&N 6.520 +0.040 Genting SP 2.040 +0.040 Golden Agri 0.575 +0.005 HK Land 6.590 +0.260 JMH 46.540 +0.740 JSH 27.160109 words
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Article, Illustration433 2010-10-05 10 CURRENCIES [NEW YORK] The US dollar rose yesterday, recovering from earlier losses as concerns about the stability of the euro zone again came to the forefront, overshadowing concerns that the Federal Reserve may further ease US monetary policy. Ireland’s economy will crawlBLOOMBERG - 433 words
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BROKERS’ TAKE
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Article467 2010-10-05 10 JOYCE HOOI - Oct 4 close: $3.31 Kim Eng Research, Oct 4 Compiled by JOYCE HOOI OLAM’S share price has surged by 12 per cent in the past week following press reports of a possible merger with Louis Dreyfus Commodities (LDC), one of the largest agricultural commodity houses in the world.467 words
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Article110 2010-10-05 10 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 290.0 1.6 JMH 4654 97.1 1.6 Jardine C&C 3980 70.0 1.8 DBXT FTChina25 10US$ 3148 64.3 1.6 DBXT S&P Short 10US$ 5038 52.5 0.8 GLD 10US$ ***** 48.6 0.3 OCC 3.93% NCPS10 9508 48.0 0.5 DBXT MSINDO 10us$ 1462 43.3 2.3110 words
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Article118 2010-10-05 10 BY CENTS CLOSE DOWN DBXT iBoxxKR 5US$ ***** -72.2 -0.4 DBXT MSJAP 10US$ 3624 -47.2 -1.0 CityDev 1244 -44.0 -3.4 DBXT MSEurope 10US$ 4316 -34.1 -0.6 CityDev.ES.1010 1250 -28.0 -2.2 DBXT FTVietnam 10US$ 3633 -22.3 -0.5 JSH 2716 -13.1 -0.4 Lyxor CRBNonEny10US$ 254 -7.9 -2.3 Keppel Land 402 -6.0118 words
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Article87 2010-10-05 10 Where S$ stands Oct 4 CHNG YR 2010 CLOSE FR Oct 1 S$ LOW S$ HIGH US$ 1.3147 -0.06 1.4219 1.3139 Euro 1.7980 0.27 2.0153 1.6886 Pounds 2.0753 0.10 2.2831 2.0003 A$ 1.2697 0.59 1.2960 1.1515 Yen* 1.5796 -0.13 1.6080 1.4467 Rupiah* 0.***** -0.02 0.***** 0.***** Baht* 4.3555 -0.0987 words
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Advertisement361 2010-10-05 10 T *t q i ,t°lr^9l f Why pay EXTRA commission Q/ fee based on of turnover? /O y ic 0 ti l Mt+f US$9.99 We offer flat commission with enhanced trading tools Pfl| Upgraded active trading platform 2010 Free S&P Research Reports and Market News COMMISSION FROM AS LOW AS361 words
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Advertisement311 2010-10-05 11 Enjoy foreign currency time deposit rates as high as J a J mS r 3 :r. bO 50>; fir r d r o 50 nr rr 50 5o f 50 •"50^50 pi 4U Enjoy one of the highest interest rates in the market with Maybank foreign currency time deposits. You311 words
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Page 12 Advertisements
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Advertisement1528 2010-10-05 12 Advertisement Composites innovation driving growth in Asia The US$26 billion composites market in Asia today is a story of quiet growth unknown to the general public. Recent composites innovations by local and global players in Asia are showing up in demanding applications in highly technical industries such as aerospace and1,528 words
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SINGAPORE NEWS
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Article, Illustration816 2010-10-05 13 CHEN HUIFEN - Fallout from Wall Street, increasing sophistication, less risk denting returns, making fund-raising tough By CHEN HUIFEN THE expectations of private equity investors are likely to have come down in recent years not just as a result of the fallout from over-leveraging on Wall Street,ARTHUR LEE - 816 words
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312 2010-10-05 13 Stanchart’s step-up, Maybank’s isavvy have new features BANKS are getting creative with fixed deposits. Standard Chartered Bank yesterday unveiled a step-up 12-month time deposit which allows for early withdrawal but rewards savers if they leave the funds for the full period. The step-up time312 words
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494 2010-10-05 14 RONNIE LIM - Group also plans to form a global fleet of oil tankers and marine bunkers By RONNIE LIM CHINESE marine fuel supplier Brightoil Petroleum is rapidly growing its global trading operations in Singapore ramping up storage capacity and personnel hires here494 words
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Article, Illustration339 2010-10-05 14 SIOW LI SEN - By SIOW LI SEN MAYBANK raised a whopping $530,000 for charity last Saturday in a night walk around Marina Bay. As part of its 50th anniversary celebration, the bank organised the Maybank NightWalk2010 first of its kind around Marina Bay which attracted strong interest339 words
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SINGAPORE ROUNDUP
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Article50 2010-10-05 14 THE Housing Development Board yesterday received the UN-Habitat Scroll of Honour. HDB chairman James Koh and CEO Cheong Koon Hean were in Shanghai for the ceremony. HDB won the award for “providing one of Asia’s and the world’s greenest, cleanest and most socially conscious housing programmes”.50 words
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Article35 2010-10-05 14 THE Asia Nano Forum is holding its third Asia Nanotech camp at A*Star’s Institute of Materials Research and Engineering (IMRE). About 40 PhD candidates and early career postdoctorates will attend the programme.35 words
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Article62 2010-10-05 14 BUILD Eco Xpo (BEX Asia) 2010 attracted 12 per cent more visitors this year compared to 2009, with 7,000 trade visitors and 1,200 exhibiting personnel. BEX Asia showcases products and services that are eco-friendly, sustainable and energy-saving. Growth figures for 2010 were so encouraging that62 words
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Article44 2010-10-05 14 ASIA’S Wild Treasures is a new documentary series on Asia’s remote national parks. The six-part series is a collaboration between Germany’s Eikon Media, Wilde Bilder Fernsehproduktion and NDR Hamburg, Singapore’s Oak3 films and Media Development Authority and Franco-German network Arte.44 words
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293 2010-10-05 14 TELEVISION viewing will no longer be labelled a passive activity if the latest initiative by the Institute of Infocomm Research (I2R) bears fruit. I2R has roped local and overseas partners into a new research alliance to try to inject more interactivity into293 words
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Page 13 Advertisements
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Advertisement329 2010-10-05 13 The art of combining tradition with innovation. LGT combines traditional private banking with state of the art investment advice and solutions: Stable. Reliable. Effective. LGT Your Private Bank in Asia for 25 years. Singapore Phone +65 6415 3800, info@lgt.com Hong Kong Phone +852 2523 6180, info@lgt.com .1/ ~,r yy ZD329 words
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Advertisement393 2010-10-05 14 Be honest ho\ 0 ma The Brains Trust October 21st 2010 If your current financial strategy depends on which way the wind is blowing, you might need a helping hand from an expert. Especially in today's uncertain world. On October 21st, at Raffles Hotel (East India Room, Level 1), The393 words
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Advertisement197 2010-10-05 14 A PATIENT S GUIDE TO MYOPIA AND MYOPIA TREATMENT o sjr A PATIENT'S GUIDE TO GLAUCOMA AND GLAUCOMA TREATMENT A PATIENT S GUIDE TO RETINAL DISEASES Dr Gerard Chut DR GERARD CHUAH MBBS(S'pore), FRCSEd(UK), M.Med(S'pore), FAMS (Ophthalmology) Total EyeCare Centre Camden Medical Centre, Singapore Vitreoretinal Fellowship, University ofTotonto Do you197 words
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SME Inc
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Article, Illustration1080 2010-10-05 15 MELISSA TAN - Website deal.com.sg offers vouchers for items in the F&B, wellness and entertainment categories, reports MELISSA TAN MELISSA TAN CRAVING chilli crab but only able to afford half a dish? Or has the price of an hour’s wakeboarding at East Coast Park given you a bad caseYEN MENG JIIN - 1,080 words
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Article, Illustration1000 2010-10-05 16 GRACE LIN SHULING, TEO ZHEN JIE,WANG ZHAORONG - A commitment to knowledge of the industry and customers needs that has made Sin Heng the company what it is today By GRACE LIN SHULING, TEO ZHEN JIE,WANG ZHAORONG The writers are students of NUS Business School WHILE other children played in their free time,ARTHUR LEE - 1,000 words
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Article576 2010-10-05 16 ASK THE PROF Q: I have some business ideas and would like to secure a loan to put my plan in motion. How do I convince the financial institutions on the sustainability of my ideas? How do I choose the right bank for my business needs?576 words
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Article, Illustration1000 2010-10-05 17 NEIL FOO, EUNICE TAN, TAN WEI LIN - PropNex Realty has grabbed the Enterprise 50 award for three consecutive years By NEIL FOO, EUNICE TAN, TAN WEI LIN The writers are students of NUS Business School IN the book titled You Can Fly, written by PropNex CEO Mohamed Ismail, readers are left captivated byYEN MENG JIIN - 1,000 words
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973 2010-10-05 17 LEE TIONG HENG - By LEE TIONG HENG The writer is a Director of Tax Services with Deloitte Singapore and Southeast Asia. He can be contacted at thlee@deloitte.com INCREASINGLY, in the face of global competition, businesses including small and medium enterprises (SMEs), have needed to re-organise their corporate group973 words
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423 2010-10-05 17 TEH HOOI LING - By TEH HOOI LING MANY small-cap stocks drifted lower yesterday as the market’s attention focused on blue chips. Our small-cap portfolio shed 0.4 per cent significantly better than the 1.3 per cent decline suffered by the FTSE ST Small Cap Index, but423 words
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Advertisement150 2010-10-05 15 COMMENTARY Corporate restructuring tax challenges Page 17 11:55 am Transferring money to a branch in New York. 11:57 am Paying a supplier in Shanghai. 12:00 pm Having a business lunch at Clarke Quay. HSBC's Business Internet Banking gives you full control and visibility of your financial position, 24/7. On this150 words
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Advertisement1440 2010-10-05 16 MATS P Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES J'£l CHINA MINZHONG FOOD CORPORATION LIMITED (Incorporated in Singapore) (Registration No. *****2715N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at M Hotel Singapore (Anson Room IV, Level 2), 811,440 words
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Advertisement73 2010-10-05 16 Celebrating Singapore´s Enterprising Spirit 2010 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. Sin Heng Heavy Machinery was among the E50 winners in 2009. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by OCBC73 words
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Page 17 Advertisements
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Advertisement75 2010-10-05 17 ENTERPRISE v5D Celebrating Singapore's Enterprising Spirit 2010 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. PropNex Realty Pte Ltd was among the E50 winners in 2009. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored75 words
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Advertisement177 2010-10-05 17 $500 IN GIFTS ABSOLUTELY FREE! SMART Investment International Property Expo LOCAL OVERSEAS PROPERTY STOCKS FUNDS ALTERNATIVE INVESTMENT SMART celebrates it's 20th show in Asia! All visitors will receive entrance gifts worth over SG$500. Register for free entrance at www.smartexpos.com/sg, 9-10 Oct, 11 am 8pm, Hall 401, SUNTEC Singapore. BUY IT•177 words
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Advertisement164 2010-10-05 17 /r IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HOWEN INVESTMENT CO (PTE) LTD (In Members'Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed Company, which is being wound up voluntarily, are required on or before the 29th day of September164 words
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Advertisement121 2010-10-05 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HOWEN INVESTMENT CO (PTE) LTD NOTICE OF SPECIAL RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP [PURSUANTTO SECTION 290(2)(b)] At an Extraordinary General Meeting of the Company held at 251A South Bridge Road Singapore *****0 on the 29th day121 words
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Advertisement351 2010-10-05 17 Voices We are extending the deadline to last week's topic: As Singapore's services sector posts steady growth most recently seen in a 8.5 per cent year-on-year rise in business receipts in Q2 are you finding it increasingly challenging to hire and retain staff? If so, what alternatives have you tried,351 words
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ECONOMY WATCH
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598 2010-10-05 18 Nafta free trade agreement pulls in global investors Bloomberg [NEW YORK] For all of the killings of elected officials at war with the criminal drug gangs, there is no stopping the Mexican investment boom, thanks to the 16-year-old trade agreement that is buoyingBloomberg - 598 words
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Article, Illustration957 2010-10-05 18 Global reliance on US trade diminishes; emerging markets show more strength Bloomberg [WASHINGTON] Wall Street economists are reviving a bet that the global economy will withstand the US slowdown. Just three years since America began dragging the world into its deepest recession in sevenBloomberg; AFP - 957 words
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204 2010-10-05 18 Bloomberg [JAKARTA] Indonesia’s rupiah was little changed, trading near its highest level since June 2007, before a meeting today at which policymakers will probably keep the benchmark interest rate unchanged for a 14th month. The currency has gained 5.2 per cent so farBloomberg - 204 words
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478 2010-10-05 18 Bloomberg [SYDNEY] Australia’s central bank will decide today whether higher interest rates are needed to avert faster inflation amid signs that past increases are cooling the nation’s property market. The Reserve Bank of Australia (RBA) will raise the overnight cash rate target toBloomberg - 478 words
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Advertisement849 2010-10-05 18 INTHEMATTEROF JAYA HOLDINGS LIMITED Company Registration No.: *****2391E Incorporated in the Republic of Singapore NOTICE OF ANNUAL GENERAL MEETING NOTICEISHEREBYGIVENthattheTwentiethAnnualGeneralMeetingofJayaHoldingsLimited(“theCompany”) will be held at 13 Tuas Crescent, Singapore *****7 on Wednesday, 20 October 2010 at 11.00 a.m. for the following purposes: AS ORDINARY BUSINESS 1. To receive and adopt the849 words
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Advertisement190 2010-10-05 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF )1 1) HAMPSHIRERESIDENCEPTELTD (Co. Registration No. *****5226W) )2 2) ORTHOCLASEPTELTD (Co. Registration No. *****1359K) )3 3) DAHLIAPROPERTIESPTELTD (Co. Registration No. *****7867W) (INMEMBERS’VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE HEREBYGIVENthatpursuant Section308 theCompaniesAct,Chapter 50,theFinalMeeting theMembers the abovenamed companies190 words
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MALAYSIA
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433 2010-10-05 19 S JAYASANKARAN - Najib’s new plans and rapprochement with S’pore give cause for optimism By S JAYASANKARAN IMPROVING cross-straits relations and Prime Minister Najib Razak’s new economic agenda augur well for Malaysia’s economic future going forward, a Sept 30 research report from Merrill Lynch concludes. In a433 words
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Article429 2010-10-05 19 PAULINE NG - By PAULINE NG MALAYSIA’S national oil company Petronas has posted a net profit after minority interests of RM12.3 billion (S$5.3 billion) for its first quarter to end June, nearly 60 per cent higher than a year ago on the back of higher oil prices, operational429 words
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Page 19 Advertisements
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Advertisement85 2010-10-05 19 a m CONSULTING, BUSINESS WORKLOAD AUTOMATION, GREEN DATA CENTRE ft APPLICATIONS Et SYSTEMS DESKTOP Et SERVER MANAGEMENT SECURED CLOUD COMPUTING INTEGRATION TOMORROW TOGETHER Hitachi empowers and simplifies businesses worldwide with cutting-edge Info-communications Technology solutions. These include Consulting, Systems Integration, Business Intelligence, Green Data Centre, Systems Management, ERP and other business85 words
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Advertisement142 2010-10-05 19 A risk tamed is a reward captured. MICHAEL PLATT Founder, BlueCrest Capital Management ForMichaelPlatt,nothingreducesthethreatofrisklikeCMEGroup. As founder of Europe’s third largest hedge fund, BlueCrest Capital Management,Michaelreliesontheassurance—andinnovation—of CME Group to protect and manage a $22 billion portfolio.With unparalleled liquidity, transparency and speed, and the security of central counterparty clearing, CME Group guarantees142 words
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GREATER CHINA
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Article, Illustration360 2010-10-05 20 AFP [TIANJIN] China should show more flexibility in global negotiations on curbing greenhouse gas emissions, the UN climate chief said yesterday, although she praised the Asian nation’s “leadership”. “It is absolutely indispensable that China show leadership, accompanied by all other countries,AFP; REUTERS - 360 words
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457 2010-10-05 20 AIG had to lower valuation of Asian unit to draw US$1 b investment from Kuwait, says paper Bloomberg AP [HONG KONG] American International Group Inc’s initial public offering of its main Asian unit values the company at as much as US$30.5Bloomberg; AP - 457 words
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520 2010-10-05 20 But the demand may still hit a record 1.34b tonnes next year, says steel body Reuters [TOKYO] Growth in global steel demand is expected to slow to 5.3 per cent in 2011 with China taking up 45 per cent of the demand. Despite the slowdown,Reuters - 520 words
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Page 20 Advertisements
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Advertisement101 2010-10-05 20 ivThe 7 China-ASEAN Expo CABXT> C CAZXpC October 20-24, 2010 Nanning, China Uniquely CAEXPO: your gateway to a huge market with 1.9 billion consumers Welcome Temporary directed chartered flights are open for Singaporean businesses Singapore- Nanning October 18 Departure time: 10:05 (local time) Arrival time: 13:40 (local time) Nanning -Singapore101 words
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Advertisement110 2010-10-05 20 Buy any copy of these newspapers and you could win attractive prizes*! THE BUSINESS TIMES BERITA HARIAN 1 S UPP U Be one of the LUCKY READERS to spot this Read Win! insert* in the above newspapers to win one of these prizes! Philips Blu-Ray Player w fujifilm Fuji Digital110 words
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PROCESSCEM ASIA 2010
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Article, Illustration1158 2010-10-05 21 KAREN NG - KAREN NGtakes a look at the vital role of the multi-billion-dollar process supporting industry KAREN NG THE process supporting sector in Singapore might not have a very high profile but this mul-ti-billion dollar industry helps keep the economy humming. It backs up some of the1,158 words
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Article, Illustration860 2010-10-05 22 KAREN NG - KAREN NG Rotary Engineering and HSL Constructors have recently bagged mega-projects. Both of them, like other firms in the industry, are also keen to push beyond Singapore’s shores. KAREN NGreports BIG is beautiful in the process supporting industry, for most EPC (engineering, procurement and860 words
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Article, Illustration846 2010-10-05 23 KAREN NG - James Goh, president of Aspri, talks to KAREN NG about the recent performance of the sector and its outlook and challenges KAREN NG Q: How is the process industry doing in Singapore? James Goh: The Singapore process supporting industry, which caters primarily to the846 words
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Article, Illustration655 2010-10-05 24 KAREN NG - Some firms in the process supporting industry are thriving by being nimble and niche players. KAREN NGreports KAREN NG WHILE some in the process supporting industry are making strides by growing bigger, others thrive by being nimble and niche players, providing expertise in specific areas. They655 words
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Page 21 Advertisements
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Advertisement239 2010-10-05 21 DELIVERING EXCELLENCE SPECIALIST IN OIL PETROCHEMICAL EPCM PROJECTS '..mm L —i sa SMS IB r^n i i MapTa Phut Olefins Complex, Rayong,Thailand Saudi Kayan Petrochemical Complex, Jubail Industrial City, Kingdom of Saudi Arabia Universal Terminal, Jurong Island, Singapore Our Centres of Excellence EPCM for bulk liquid storage terminals, offsite and239 words
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Page 22 Advertisements
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Advertisement315 2010-10-05 22 ProcessCEMAsia2010 The 2nd International Exhibition Conference on Plant Construction, Engineering Maintenance For The Process Industry 5-7 October2010 Sands Expo and Convention Centre, Hall C, Level 1 Opening Hours: 10am 6pm daily Free Admission: Trade Professionals only www.processcemasia.com Visit Southeast Asia's only dedicated showcase for construction, engineering and maintenance of process315 words
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Page 23 Advertisements
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Advertisement150 2010-10-05 23 Jg PEC LTD A Leading Service Provider Preferred Business Partner for Engineering, Procurement, Construction Maintenance Services isfcgPV wl *2 WM i. v, < m IftA PEC Ltd. is a specialist engineering group servicing the oil gas, petrochemical, oil and chemical terminal, and pharmaceutical industries. Our major customers include prominent MNCs.150 words
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Page 24 Advertisements
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Advertisement605 2010-10-05 24 ConSSys WE ARE ISO-CERTIFIED FOR EXCELLENCE IN LINE PIPING SEE US AT BOOTH C31 Consys, probably the only local PTFE lined piping company to achieve ISO certification, produces a wide range of pipes and fittings with PTFE PFA Lining for the Pharmaceutical, Chemical Process and Electronics Industries. Founded in 1997,605 words
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Advertisement97 2010-10-05 24 m r Mi. WiiTBfll v J*.'. -4- I •7^«. M V H ms?v Tests to prove its point Sf Finite Element Analysis aT Sheer Test ar FlexuralTest fflf Laboratory Fire Test ®T Open Fire Test under normal condition Destruction Fire Test with 35mm hole Hardness Test Sf LeakTest [fiT Soak97 words
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INDIA
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Article, Illustration739 2010-10-05 25 India, like other big emerging powers, too important to ignore now: analysts [NEW DELHI] The Commonwealth Games, which opened here on Sunday, are unlikely to be gripping viewing for sports fans. After all, most of the top international athletes have withdrawn, citing everythingAP - 739 words
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Article231 2010-10-05 25 Bloomberg Reuters [NEW DELHI] India’s rupee climbed to the highest level in more than five months as overseas investors pumped a record amount of money into the country’s stocks to benefit from a strengthening economy. The currency extended a five-week advance after data released on OctBloomberg; Reuters - 231 words
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190 2010-10-05 25 Reuters [MUMBAI] Indian lender SKS Microfinance said yesterday it had terminated the appointment of its chief executive. SKS, India’s largest microlender that raised about US$358 million in an initial public offer in August, said in a notice it had withdrawn all powers granted to SureshReuters - 190 words
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Page 25 Advertisements
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Advertisement227 2010-10-05 25 Compete. Collaborate. Co-create the Future. Inviting future leaders from centres of excellence in Singapore. Engage with India. Develop solutions for India with a vision for the world. India FUTURE OF CHANGE Campus Interaction INSEAD Singapore 1930 hrs. Wednesday October 6, 2010 Calling students from all campuses. Be there to get227 words
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Advertisement77 2010-10-05 25 Introducing LifeSize® Passport™: the new era in High Definition video conferencing. The rules of business have changed.Global networks and green initiatives require more effciency than ever. That's why we created a conferencing system so small and afforable it becomes available to everyone. So the revolutionary new way to work and77 words
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WORLD
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Article, Illustration460 2010-10-05 26 [MANILA] The United States is willing to help craft a legally binding “code of conduct” to end a territorial dispute between Asean members and China that threatens regional stability, a US envoy said here yesterday. US ambassador to Manila Harry Thomas saidPHOTO: REUTERS - 460 words
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334 2010-10-05 26 Wages in August fail to rise for first time in six months; factory output falls Bloomberg [TOKYO] Japan’s wages unexpectedly stagnated in August, failing to rise for the first time in six months, adding to concern the country’s consumers won’t be able toBloomberg - 334 words
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189 2010-10-05 26 [NEW YORK] Verizon Wireless said on Sunday it will pay millions of dollars in refunds to 15 million cell phone customers who were erroneously charged for data sessions or Internet use. Verizon did not disclose how much exactly it would have to189 words
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534 2010-10-05 27 Biotech firm spurns US$69-a-share bid as too low and refuses to negotiate Bloomberg [NEW YORK] Sanofi-Avent-is SA has begun an US$18.5 billion hostile takeover offer for Genzyme Corp after the US biotechnology company spurned Sanofi’s US$69-a-share bid as too low and refused toBloomberg - 534 words
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323 2010-10-05 27 It has US$4.8t in bonds outstanding amid strong foreign investment: ADB AP [MANILA] Emerging East Asia’s local currency bond market grew by 18.8 per cent in the year through June with US$4.8 trillion in bonds outstanding amid strong foreign investment in theAP - 323 words
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Article, Illustration608 2010-10-05 28 Japan, Brazil step in to devalue their currencies or prevent further appreciation AP [WASHINGTON] As the Obama administration escalates its battle with Chinese leaders over the artificially low value of China’s currency, a growing number of countries are retreating from some free-market rulesAP - 608 words
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Article, Illustration487 2010-10-05 29 EU working on steps to ensure banks not taxpayers pay for bailouts in future Reuters [WASHINGTON] The International Monetary Fund (IMF) has called for a new global system to dismantle troubled financial institutions and a levy on banks to pay for it.Reuters - 487 words
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359 2010-10-05 29 Reuters [ZURICH] Global Swiss banks UBS and Credit Suisse must hold capital well in excess of new international standards, a government commission said, to limit risk that a bank failure could drag down the economy. The new rules may crimp the two banks’Reuters - 359 words
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379 2010-10-05 29 Many lenders appear to face a funding cliff, says NEF report Reuters [LONDON] British banks may need another state bailout next year and their borrowing requirements could hit £25 billion (S$52 billion) a month, a think tank said, although theReuters - 379 words
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Article, Illustration553 2010-10-05 30 AFP [BRUSSELS] Europe sought a heightened global role with Asia’s emerging giants yesterday at talks ranging from trade to climate change between nations representing more than half the world’s population. The two-day Asia-Eu-rope Meeting (Asem) of 46 nations, followed by separate EUAFP - 553 words
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510 2010-10-05 30 Reuters [DUBLIN] Ireland’s economy will flatline this year, defying government expectations for modest growth, the central bank said yesterday, underlining the challenge facing Prime Minister Brian Cowen in salvaging the country’s fortunes. Mr Cowen, the most unpopular Irish leader in modernReuters - 510 words
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618 2010-10-05 30 Move in line with EU/IMF pact; more belt-tightening moves expected Reuters [ATHENS] Greece unveiled another austerity budget yesterday aimed at cutting its deficit to below a 7.6 per cent-of-GDP target agreed in a bailout deal with the International Monetary Fund and its eurozone peers.Reuters - 618 words
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Page 26 Advertisements
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Advertisement1180 2010-10-05 26 w WATS €0 NOTICES BUY IT SELL IT FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg RAFFLES EDUCATION CORPORATION LIMITED (Incorporated theRepublic Singapore) Compan RegistrationNo*****0712N NOTICE OF ANNUAL GENERAL MEETING NOTICEISHEREBYGIVENthattheAnnualGener Meeting RafflesEducationCorporationLimitedwillbeheldon21October2010 3.00 .m. 99BeachRoad,Singapore*****1, ansactthe ollowing usinesses: ASORDINAR USINESS .1 1. TToo receiv andadopttheDirectors’Repor and uditedAccounts theCompan the nancial1,180 words
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Advertisement1570 2010-10-05 26 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg (A HENGXIN HENGXIN TECHNOLOGY LTD. TCfLJKJfM (Incorporated in Singapore on 18 November 2004) tv-MI>lL/LL/oT (Company Registration Number: *****4927H) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of Hengxin Technology Ltd. ("Company") will be held at 9.30 a.m.1,570 words
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Page 27 Advertisements
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Advertisement3689 2010-10-05 27 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg LASSETERS INTERNATIONAL HOLDINGS LIMITED Company No. *****2223M (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Seventh Annual General Meeting of Lasseters International Holdings Limited will be held at Hibiscus Room, Level 3, Grand Hyatt3,689 words
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Page 28 Advertisements
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Advertisement1272 2010-10-05 28 MATS V NOTICES BUY IT SELL IT FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg LION TECK CHIANG LIMITED (Incorporated theRepublicofSingapore) Co. Reg. No. *****0176K 0<80)D 8,<:>0 =8 8-5B<:/B-:< /8:B* `T-O,)+,)f'MN 'JM6M+&eFIO 5I-Kf+,)M_ ,6MK[P,BYY>Y;;YCU_ -F:8,B F?:;B 0--702 =B-B>02 /BB:8-= -F:8,B 8< ;B>B.I =85B-:;0: 'JM "--&fF VM-M)fF QMM'I-K ,L 'JM ,/+f-b dIFF1,272 words
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Page 29 Advertisements
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Advertisement2672 2010-10-05 29 MATS BUY IT• SELL IT FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg RYOBI KISO HOLDINGS LTD. (Company Registration No. *****3985D) (Incorporated in the Republic of Singapore) NOTICE OF FIRST ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the First Annual General Meeting of Ryobi Kiso Holdings Ltd. (the “Company”)2,672 words
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Page 30 Advertisements
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Advertisement89 2010-10-05 30 COURTS 8VALUE! r J Triumph* SULVIL TITUS v 's 11AI A Hi SPH MediaBaxOffice v*amm i fv r l 5 I 1 t k I—1 Ml? mtt V Chevron House OUB Centre 313@somerset Singapore Visitors Centre Orchard ji SPHMI ;°VAGE DE j&i SPH i~Sm MediaB a xOffice 'TVCyrus ar Bel89 words
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AVIATION
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Article, Illustration709 2010-10-05 31 Airport improving infrastructure to boost passenger count by up to 40% Bloomberg [LONDON] London’s Gatwick airport plans to cut fees, improve rail links and lure long-haul carriers in a bid to boost the annual passenger count as much as 40 per centBloomberg; BLOOMBERG - 709 words
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522 2010-10-05 31 Airbus-Syrianair deal still frozen, says transport minister Reuters [LATAKIA, Syria] The Syrian government may turn to Russia to buy planes as US sanctions disrupt a mega Airbus purchase aimed at boosting Syria’s tiny civilian passenger fleet, the transport minister said on Sunday.Reuters - 522 words
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307 2010-10-05 31 AP [CAIRO] Egyptian and Iranian airlines agreed on Sunday to resume direct flights between the two countries for the first time since 1979, when Teheran severed ties because Egypt made peace with Israel and gave asylum to the shah deposed in the Islamic Revolution.AP - 307 words
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192 2010-10-05 31 AFP [MANILA] The Philippines has been chosen from among 32 countries to build the galleys for Airbus’s latest aircraft, the British embassy said here yesterday. Britain’s B/E Aerospace will invest an initial US$30 million in the country as part of a ventureAFP - 192 words
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Article2985 2010-10-05 31 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 MU8213 1820 QF81 1820 Ahmedabad NH6292 1900 SQ530 1900 Amsterdam SQ323 0605 AZ3993 00252,985 words
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3377 2010-10-05 32 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.3,377 words
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Page 31 Miscellaneous
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Miscellaneous351 2010-10-05 31 CRYPTIC CROSSWORD Across 1 Feeling left following smack? (10) 6 Collar half of hooligans (4) 10 Get up and suffer (5) 11 Dish one might have if a recess is planned (9) 12 Sort of degree awarded for penalty skills (4,4) 13 Religious ruling concealed by staff at war (5)351 words
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Page 32 Advertisements
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Advertisement18 2010-10-05 32 USE THIS SPACE TO SELL? CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES18 words
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Article, Illustration998 2010-10-05 33 Contractors offering armed escorts could add value but also complicate matters Reuters [LONDON] More Somali pirates than ever before may be taking to the water in the coming months, and proposed strategies against them range from installing “panic rooms” to hiring mercenary escort warships.Reuters; AFP - 998 words
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Article278 2010-10-05 33 SGX '000 Oct 4 S$ +/-Vol CH Offshore 0.56 0.01 1273 Chuan Hup Hldg 0.26 -0.01 53 Cosco Corp 1.83 0.02 ***** CWT Ltd 0.98 0.02 1176 Ezra Hldgs 1.79 -0.01 4723 First Ship Lea 0.46 0.01 1124 Freight Links 0.07 0.01 1741 Grand Banks 0.50 0.01 18278 words
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283 2010-10-05 33 Bloomberg [HOUSTON] The Houston Ship Channel will remain closed to most inbound and outbound vessels until this evening because of damage to an electrical tower that supports power cables running over the shipping lane, the US Coast Guard said in a statement. The Coast GuardBloomberg - 283 words
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Page 33 Advertisements
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Advertisement136 2010-10-05 33 ASIAN FEEDER DISCUSSION GROUP (AFDG) NOTICE TO TRADE INDONESIAPORTSSURCHARGE(IPS)-SEMARANG The Semarang container terminal has increased its port tariff effective 1 September 2010. In order to recover these cost increases, the following feeder operators wish to inform the trade that they will implement the following Indonesia Ports Surcharge (IPS), applicable on136 words
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EDITORIAL & OPINION
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488 2010-10-05 34 EDITORIAL THE latest industry forecast put out by the International Air Transport Association (Iata) two weeks ago must surely rank as one of the biggest swings in estimates in the annals of the industry. Within a period of just six months, Iata shifted488 words
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Article, Illustration802 2010-10-05 34 LEON HADAR - THE BOTTOM LINE LEON HADAR Washington Correspondent JUST as US lawmakers were getting ready to leave Washington and return to their districts where they would be bashing each other as part of the heated midterm election campaigns, they found the802 words
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Article, Illustration924 2010-10-05 34 ROBERT JELLY - There are mutually-reinforcing values in Eastern and Western ideas of good governance By ROBERT JELLY The writer is executive director, Education, Chartered Institute of Management Accountants THE economic storm clouds may be lifting in the West but there is still much uncertainty924 words
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Article, Illustration1153 2010-10-05 35 CHEONG CHOY WAI, TAN BIN ENG - Responding to challenging economic climate, Asian nations have revamped their incentive regimes in the past two years By CHEONG CHOY WAI, TAN BIN ENG Cheong Choy Wai is partner, Tax Services and Tan Bin Eng is associate director, Tax Services at Ernst Young Solutions LLP AFTERAFP - 1,153 words
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Article, Illustration841 2010-10-05 35 PAUL KRUGMAN - 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 ANOTE to Tea Party activists: This is not the movie you think it is. You probably841 words
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SINGAPORE STOCKS
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Article9169 2010-10-05 36 Transaction date: Oct 4 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 21 13 3148 8Telecom 19 unch 130 19 19 18.5 19 1.7 9.5 6.1 91 12 5 58349,169 words
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Article1750 2010-10-05 37 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 9 4 1181 t AA Grp 4.5 4.5 5 25 4.3 225 130 6222 t APStrategic 160 157 160 94.9 4 0.51,750 words
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Article9364 2010-10-05 37 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.27/ APS Alpha Fund (USD)!** 0.96/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM9,364 words
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Article831 2010-10-05 37 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 119xd 113.3 117 543.2 992 757 CIMBAsean40 100US$ US990 996 1008 39.6 323 261 DBS STI ETF831 words
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Article255 2010-10-05 37 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 $mil 56 36.5 6000 AVJennings A51.5 46.5 50 3.6 6.8 4.1 134.1 55 16 6017 Genting HK US$ US45.5 -0.5 *****5 48 45.5 45.5 46255 words
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FINANCE & COMMODITIES
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374 2010-10-05 38 In local curr In S$ In US$ dy yr dy yr dy yr Oct 1 Index Change Change Change Change Change Change World Index Preliminary 833.2 0.2 0.1 0.1 -5.3 0.4 1.3 EAFE Preliminary 761.3 0.0 -3.0 0.2 -7.3 0.4 -0.8 Europe Preliminary 1117.1 0.0374 words
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Article184 2010-10-05 38 Oct 4 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.35 0.25 1 month 0.48 0.28 2 months 0.50 0.30 3 months 0.53 0.33 6 months 0.63 0.43 9 months 0.80 0.60 12184 words
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Article22 2010-10-05 38 Oct 4 S$ Bid Offer 1-month 1.3122 1.3134 2-months 1.3122 1.3134 3-months 1.3122 1.3134 6-months 1.3125 1.3137 Source: OCBC22 words
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Article134 2010-10-05 38 Oct 4 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Nov 10 367.5 367.0 367.0 10 Dec 10 368.0 Jan 11 369.0 369.0 369.0 20 Feb 11 370.0 369.5 369.5 58 Mar 11 370.5 370.0 370.0 20 Apr 11134 words
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Article86 2010-10-05 38 Oct 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 06.01.2011 0.30 0.27 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*****1E 2.500 01.10.2012 104.13 5-Year N*****0S 2.875 01.07.2015 109.26 7-Year N*****0Z86 words
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Article105 2010-10-05 38 Oct 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 10 1057.00 1106.75 1106.50 1053.50 Jan 11 1066.75 1115.75 1115.25 1064.00 Mar 11 1075.00 1122.75 1122.75 1073.00 May 11 1078.25 1124.75 1123.75 1077.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Oct 10 43.49 44.70 44.80105 words
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Article, Illustration74 2010-10-05 38 CRUDE OIL PRODUCTS Oct 1 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 83.11 1.70 WTI (Near Mth) 81.62 1.78 Dubai (1-Mth F) 80.19 2.21 Tapis blend 89.45 1.95 Minas 82.80 1.95 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 78.27 1.55 Jet Kerosene 92.75 2.45 US$/barrel Opec Oil74 words
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2325 2010-10-05 38 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 3 unch 568 1 3 -8 2.17 2 6221 Asia-Pacific Strategic W*****6 39 1 150 18 4.10 43 6227 ASJ Hldgs W*****1 2.5 1 42,325 words
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Article132 2010-10-05 38 Oct 4 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2620 1.3000 Can dollar 1.2790 1.2950 Euro 1.7950 1.8160 NZ dollar 0.9670 0.9880 Sterling pound 2.0630 2.0870 US dollar 1.3060 1.3210 Local dollars to 100 units of foreign132 words
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Article29 2010-10-05 38 Oct 4 Open High Sett STI Oct 3160 3160 3156 SIMSCI Oct 368.7 374.2 370.2 Taiwan Oct 290.9 292.6 290.0 Source: MF Global (S) Pte. Ltd29 words
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Article464 2010-10-05 38 Oct 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.988 6.481 0.705 7.516 43.072 86.449 0.806 10.878 2.989 1.305 83.287 42.336 1.271 6.732 0.943 30.258 29.204 0.613 0.968 Canada 1.012 6.557464 words
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Article85 2010-10-05 38 Oct 4 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-10-05 38 Oct 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2706 1.2724 0.9682 0.9687 Canadian dollar 1.2856 1.2875 0.9796 0.9802 Euro 1.8024 1.8042 1.3735 1.3736 NZ dollar 0.9735 0.9754 0.7418 0.7426 Sterling pound 2.0726 2.0749 1.5794 1.5797154 words
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Article140 2010-10-05 38 Oct 4 GOLD (US$/oz) Oct 04 Sep 30 Hong Kong 1316.60 1311.50 Sep 30 Oct 01 London 1301.10 1318.40 1301.85 1318.85 Source: Thomson Reuters CAST BAR Oct 04 (S$) Selling Buying Kilobar 59,744.52 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 134 56 5gm 380 279 10gm 679140 words
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Article71 2010-10-05 38 Oct 1 Oct 1 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2328.75 2321.50 3 months 2359.00 2351.00 Copper, Grade A (US$/tonne) Cash 8088.00 8006.00 3 months 8100.00 8014.00 Lead (US$/tonne) Cash 2268.75 2252.25 3 months 2295.00 2278.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article82 2010-10-05 38 Oct 1 COCOA (£/tonne) Close Prev High/Low Dec 10 1868 1910 1938/1866 Mar 11 1886 1929 1952/1884 May 11 1903 1945 1967/1900 Jul 11 1915 1958 1975/1912 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1725 1722 1740/1710 Jan 11 1750 1746 1765/1736 Mar 11 1772 1769 1785/1764 May 1182 words
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Article66 2010-10-05 38 Oct 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Last Av Vol Open Month Range Price Price High Low Done Position Oct 10 2690 2690 2705 2690 150 599 Nov 10 2654 2652 2686 2652 1848 ***** Dec 10 2655 2666 2689 2653 ***** ***** Jan 11 2666 267566 words
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Article419 2010-10-05 38 Oct 4 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6400 0 7710 Mar11 99.5800 0 1662 Jun11 99.5100 0 1871 Sep11 99.4250 0 486 EUROYEN TIBOR FUTURES Dec10 99.6875 99.6875 99.6875 99.6900 0 2972 Mar11 99.7150 0 1311 Jun11 99.7300 99.7300 99.7300 99.7300 50 3150419 words
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PROPERTY
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Article, Illustration325 2010-10-05 39 But it does not see lending for real estate projects improving, adds chief executive Reuters [DUBAI] Private equity real estate firm Colony Capital will continue to expand its hospitality and consumer businesses in the Gulf Arab region, but does not seeReuters; BLOOMBERG - 325 words
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185 2010-10-05 39 Reuters [LONDON] US real estate investor Rockefeller Group International (RGI) has secured its maiden UK real estate deal with the purchase of a majority interest in unlisted Lon-don-based property fund manager Europa Capital. Detailed terms of the deal, which reflects Rockefeller’s ambition toReuters - 185 words
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226 2010-10-05 39 Bernama [MIRI] The Malaysian Developers’ Council (MDC) is requesting the Federal and state governments to introduce a system that can reduce the developers’ burden in providing discounted prices on property units under the Bumiputera quota. In a statement faxed yesterday to Bernama here, theBernama - 226 words
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Article, Illustration661 2010-10-05 40 Record low bond yields, interest rates boost real estate appeal in Europe Reuters [LONDON] The real estate arm of German insurer Allianz is mothballing its British property investment plans, citing preference for currency-friendly eurozone deals and fears the UK market revival has run outReuters; BLOOMBERG - 661 words
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Article, Illustration299 2010-10-05 40 Nine out of 12 lenders on larger transactions are German: Savills Reuters [MUNICH] German banks are the most active in UK commercial property deals above £20 million (S$41.6 million), representing nine in a list of 12 banks willing to finance larger transactions, a surveyReuters; REUTERS - 299 words
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472 2010-10-05 41 Sun Hung Kai makes HK$4b and Cheung Kong over HK$7.6b Bloomberg [HONG KONG] Sun Hung Kai Properties Ltd and Cheung Kong Holdings Ltd, Hong Kong’s two largest developers, sold more than HK$11 billion (S$1.9 billion) worth of new properties over theBloomberg - 472 words
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423 2010-10-05 41 Work on project near Muscat to resume in Q1 2011 Bloomberg [DUBAI] Oman’s government has stepped in to revive a stalled housing project partly owned by the developer of a Tiger Woods-branded golf resort in Dubai. Work on the Salam Yiti development close toBloomberg - 423 words
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Article, Illustration431 2010-10-05 42 UMA SHANKARI - Yishun executive condo previews this weekend with units at around $650-$700 psf By UMA SHANKARI DEMAND for the second executive condominium (EC) to be launched in the last five years MCC Land’s 406-unit The Canopy in Yishun is expected to be strong once the431 words
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346 2010-10-05 42 JALAN Besar, famous for its old-world charm shophouses, will see an additional 51 of these vernacular buildings and two structures put under conservation. “This wraps up our conservation plan for the area,” said National Development Minister Mah Bow Tan yesterday. The additional346 words
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Advertisement771 2010-10-05 39 DIGILAND INTERNATIONAL LIMITED (Company Registration No. *****0571K) (Incorporated in Singapore with limited liability) N O TI C E O F ANN U A L G ENERA L MEETIN G NOTICE IS HEREBY GIVEN that the SeventeenthAnnual General Meeting of DIGILAND INTERNATIONAL LIMITED (“the Company”) will be held at The Grassroots’Club,771 words
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Advertisement40 2010-10-05 39 Commercial/Residential Sites For Sale ByTender ?S iS Sittee Area 69,552.66 Ft FFrreehold ?P lP Plot 33 00 TTotalGF 208,657.9 Ft He ht orey Near ANMRT(NE13) Tender Closing Date: 3rd November 2010 (Thursday) 3.00pm FForDetails enderDocuments: Stan *****785 AAnngeline oh *****22840 words
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Advertisement243 2010-10-05 40 'Za 4 mmm M all 1 k^i M Business has a new destination address in 71 Robinson Road a state-of-the-art commercial development right in the heart of the Central Business District, located on one of Singapore CBD's main business arteries. Designed by leading German architect, Ingenhoven Architects, who is a243 words
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Advertisement44 2010-10-05 41 FOR SALE Knightfrank.com.sg/commercial PremiumOfficeSpaces High oors primelocationswithpanoramicviews! SimLim wer 4,200 Springleaf wer 10,500 Orchar wer 3,600 SouthPoint 16,000 Suntec wer 3,000 10,000 TheCentral 1,453 10,325 RefurbishedConservationShophouses Freeholdtitleswitholdworldcharm! KeongSiakRoad 3-storeyshophousewithattic.LandArea:1,271s fs sf StanleyStreet 4-storey 1111-stor//2222-stor-storey shophouses. LandArea:1,310s fs sf 1,532s fs sf rrespectively KnightFrankCommercial:*****310(Joshua) *****747(Derrick)44 words
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Advertisement62 2010-10-05 41 Japan Property Investment Opportunities Villas from US$415,000* Apartments from US$400,000* RentalGuaranteefrom 66* ermsandconditionsapply Date 88 99 October2010(Friday/Saturday) VVenue 55MarketStreet#04-01(oppositeGoldenShoecarpark) TTime 12noon~~~ 55 pm Niseko TToo attendthisexclusivepreview pleasecontact: YYvonne ana ta at *****006 yvonne.tan@ap.jll.com -Ampleparking GoldenShoecarpark Lightrefreshment willbeserved *IndicativePricing Developer www.joneslanglasalle.com.sg FOR SALE BY TENDER LEEDON ARK GoodClassBungalowland*****sq (approx) DoubleStoreywith PoolandanAnnexBlock62 words
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Advertisement41 2010-10-05 41 PUBLIC TENDER GUILLEMARD COURT Lorong 28 Geylang MountbattenRd AljuniedRd AljuniedMR Old Airport Rd MountbattenMR FREEHOLD Dakota MR Geylang Rd Guillemard Rd LandArea 31,684Sq Lor28 PlotRatio2.8upto8-Storeys Guillemard Cour PayaLebarRd TTenderClosingon21October 2010@3.00pm Paya Lebar MR DEANSREALTORSPTE ForEnquiries AlwynLow *****661 DianaKok *****390 LicenceNo.AD041-*****61J 989SerangoonRoad,Singapore*****841 words
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Advertisement365 2010-10-05 42 ADVERTISEMENT FEATURE FROM SOFTWARE TO TYRE WEAR... Tata Consultancy Services works with Ferrari to deliver: software development product engineering quality assurance risk management process solutions i MUBAOALA Santax> Working together at every stage Synonymous with excellence and performance, Ferrari only enters into partnerships with organisations it trusts to reach these365 words
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