The Business Times, 25 October 2010
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2010-10-25
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The Business Times
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Title Section23 2010-10-25 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 Monday, October 25,201023 words
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788 2010-10-25 1 SIOW LI SEN - They ramp up offerings to tap economy’s strong rebound By SIOW LI SEN [SINGAPORE] The cards business is booming as consumers readily reach for their plastic to reward themselves for working hard amid Singapore’s fastest economic expansion in history. Banks are in overdrive788 words
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Article136 2010-10-25 1 MARKETS Weekly Change ST Index 3,173.57 -30.70 KL COMP 1,490.64 +0.78 NIKKEI 225 9,426.71 -73.54 HANG SENG 23,517.54 -240.09 SET INDEX 992.24 -4.91 JAKARTA COMP 3,597.75 +0.72 MANILA COMP 4,286.87 +70.52 SEOUL COMP 1,897.31 -4.98 SHENZHEN B 811.45 +8.02 MUMBAI IND 20,165.86 +40.81 DOW 11,132.56 +69.78 NASDAQ 2,479.39136 words
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Article, Illustration719 2010-10-25 1 VEN SREENIVASAN - Private jet operator EJA is latest to plan relocation to Johor By VEN VEN SREENIVASAN [SINGAPORE] Could the multi-million-dollar Seletar Aerospace Park (SAP) face competition from across the Johor Straits? Senai International Aviation Park (SIAP), operated by Senai Airport Terminal Services (Senai ATS),719 words
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Page 1 Advertisements
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Advertisement245 2010-10-25 1 VIEWS FROM THE TOP CEOs on the impact of the M’sian Budget PAGES 12 13 FORMULA ONE Alonso seizes championship lead PAGE 22 G-20 MEETING Seeds of future currency clashes PAGES 3 15 ACCOUNTANCY CONVENTION New world order for profession PAGE BizIT Data deluge sets storage market soaring The price245 words
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TOP STORIES
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Article558 2010-10-25 2 Card issuers go into market share overdrive THE cards business is booming as consumers readily reach for their plastic to reward themselves for working hard amid Singapore’s fastest economic expansion in history. Banks are in overdrive offering rebates on supermarket purchases and adopting guerilla tactics of 25 per558 words
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767 2010-10-25 2 LYNETTE KHOO - But talent shortage is now seen as a speed bump to project’s progress Reports by LYNETTE KHOO in Guangzhou, Guangdong THE Sino-Singapore Guangzhou Knowledge City has made big strides in the past months, with construction tenders slated to be dished out soon. But Chinese767 words
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Article, Illustration402 2010-10-25 2 It hopes to work on projects beyond China in three years TEMASEK subsidiary SingBridge International Singapore has embarked on exploratory talks on a pipeline of potential projects. While its initial focus is China, SingBridge hopes to be working on projects beyond the mainlandFILE PHOTO - 402 words
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463 2010-10-25 2 IMF estimates growth of at least 6.5% is required to provide enough jobs AP [DUBAI] Mideast economies are likely to grow roughly twice as fast over the next two years as they did in 2009, but the region must do more to diversifyAP - 463 words
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Article, Illustration692 2010-10-25 3 Power shift in IMF to China and other emerging powers could create new sources of friction AFP [GYEONGJU, South Korea] The Group of 20 may have declared a currency truce, but its ceasefire agreed in weekend talks appears to contain seedsAFP; REUTERS - 692 words
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Article, Illustration594 2010-10-25 3 LEE U-WEN - New centre to offer courses for high-level executives By LEE LEE U-WEN [SINGAPORE] One of the world’s top international graduate business schools, Insead, is looking to expand its Singapore campus with a new building that could start taking shape594 words
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Advertisement127 2010-10-25 2 ACCOUNTANCY HUB Prouides you High Quality, Fast 6 Reliable Recounting and Bookkeeping Seruices. (Established by a team of qualified accounting professionals with more than 20 years experience, renowned for their integrity and reliability). Benefits of choosing Accountancy Hub, Speed Get your management accounts ready within 2 weeks from the date127 words
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Advertisement237 2010-10-25 3 German minister slams Fed’s QE tack, Page 15 OCBC CYCLE SINGAPORE 2011 4-6 March mm CYCLE SINGAPORE I V < y n I k\ -v i;-jr F> Let's go for a whirl! Title Sponsor to OCBC Bank Time to wheel out your bikes, pump up the tyres and pull on237 words
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SINGAPORE MARKETS
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Article, Illustration654 2010-10-25 4 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent THEmostnoticeabletheme in the majority of recent strategy reports from investment houses is that although the economic outlook in the West is lousy, the promise of more money printing from central banks provides everyone with a tradeable window to buy654 words
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515 2010-10-25 4 KER CHUNG YANG - CURRENCIES By KER CHUNG YANG The writer is an investment analyst at Phillip Futures WHEN monitoring currencies and cross-asset markets in the recent month, one cannot help but relate the recent US dollar dumping phenomenon to the currency markets’ version of “Chicken Little The515 words
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Article456 2010-10-25 4 COMMODITIES Reuters [NEW YORK] Commodities drifted on Friday, with gold and grains falling in thin volume after a rebound in the US dollar, but a broad sector indicator still finished higher for a ninth straight week by tracking gains in oil. The sell-dollar/buy commodities, tradeReuters - 456 words
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Article1447 2010-10-25 4 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Properties 2.80 2.80 10 10.75 10.88 1.28 1.17 ARA Asset Mgt 1.75 1.75 4 7.33 17.47 1.34 1.28 Armstrong Ind 1.00 1.00 3 4.95 8.69 0.541,447 words
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Article66 2010-10-25 4 Oct 22 VALUE CLOSE BT OB/OS -232.00 -66.00 BT CADI -*****.00 -61.00 BT 10-day MA -*****.00 -23.00 FTSE ST Mid Cap 787.27 -2.12 FTSE ST Small Cap 584.54 -1.79 FTSE ST All Share 785.06 +1.48 FTSE ST China Top 293.75 -0.93 FTSE ST China 334.25 +2.40 FTSE66 words
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Article55 2010-10-25 4 VOLUME GLP 1,012,939,000 Genting SP 655,194,000 Golden Agri 555,807,000 MapletreeInd 456,973,000 ChinaNTown 406,612,000 BerlianLaju 390,595,000 *Genting HK US$ 209,529,000 ChinaGaoxian 154,061,000 Healthway 143,882,000 China Hongxing 137,222,000 VALUE($) GLP 2,229,608,974 Genting SP 1,434,273,442 MapletreeInd 528,335,468 DBS Grp 438,354,052 Golden Agri 368,674,098 Keppel Corp 319,160,429 UOB 290,737,782 SGX 262,736,44055 words
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Article113 2010-10-25 4 BY CENTS CLOSE UP DBXT DBLCI-OY 5US$ 3669 521.6 12.3 DBXT MSAsExJp 10US$ 3251 152.2 3.7 DBXT E50 10US$ 4268 141.8 2.6 DBXT MSPacExJp 10US$ 427 93.7 20.3 DBXT STGLDv100 10US$ 2743 74.2 2.1 DBS.ES.1010 1476 60.0 4.2 DBXT MSEurope 10US$ 4514 50.7 0.9 OCC 3.93% NCPS10 9600 50.0113 words
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Article116 2010-10-25 4 BY CENTS CLOSE DOWN GLD 10US$ *****-774.0 -4.4 DBXT iBoxxKR 5US$ *****-482.6 -3.0 DBXT Nifty 10US$ *****-394.1 -2.1 DBXT iBoxxUSTr 5US$ *****-210.7 -0.8 DBXT MSKorea 10US$ 5244-199.0 -2.8 DBXT FTVietnam 10US$ 3588-193.8 -4.0 DBXT SPASX200 10US$ 3231-130.1 -3.0 JSH 2600-117.1 -3.3 JMH 4490-109.3 -1.8 CityDev.ES.1010 1298 -66.0 -4.8 BY116 words
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Article, Illustration1388 2010-10-25 8 TEH HOOI LING - TEH HOOI LING Senior Correspondent THE surprise rate hike by the Chinese central bank last week took some wind out of the sails of regional markets. All but one of our portfolios ended lower. The lone portfolio which managed to stand out was the lowest price-to-book1,388 words
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1469 2010-10-25 8 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited TRADING among directors fell last week with only 13 companies recording 27 trades based on filings on the exchange from Oct 18 to 22. The figures were sharply down from the previous1,469 words
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Advertisement87 2010-10-25 4 Phillip Futures Bringing Global Markets Closer to You www.phillipfutures.com.sg 6538 0500 2 m Brought to you by PhiISp Futures Pta Ltd (A member of PhillipCapital) CO, Reg. No: *****5695G The above information does riot constitute an investment advice, an offer/solicitation to buy/sell the above mentioned investment produces). Trading in the87 words
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COMPANY NEWS
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431 2010-10-25 5 WINSTON CHAI - It’s preparing itself for a foray into more regional markets next year By WINSTON CHAI MAINBOARD-listed Internet telephony firm Spice i2i will ramp up its Singapore operations as it readies itself for a foray into more regional markets next year. And beyond flooding these431 words
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358 2010-10-25 5 JOYCE HOOI - By JOYCE HOOI THE demand for jack-up rigs with higher specifications is growing, according to David Russell, the vicepresident of US-listed drilling firm Rowan Companies, on Saturday. Mr Russell was in town for Keppel FELS’s christening of the largest harsh environment jack-up rig358 words
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818 2010-10-25 5 VEN SREENIVASAN - HOCK LOCK SIEW By VEN SREENIVASAN AS the saying goes, a rising tide raises all boats. But some boats can be buoyed higher if they catch the crest of a rising wave. One company which looks poised to ride such a wave is chemical818 words
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1761 2010-10-25 6 MAK YUEN TEEN - Since such awards do not need shareholder approval, directors are in effect approving the awards to themselves UNTICKING THE BOX By MAK YUEN TEEN Associate professor Mak Yuen Teen set up the Corporate Governance and Financial Reporting Centre of the NUS Business School in 20031,761 words
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Advertisement106 2010-10-25 5 SARASIN From Every Angle we Offer a Distinct Perspective on Wealth. We've spent some 170 years crafting distinctive private banking solutions. Bank Sarasin cherishes a balanced and sustainable approach not only in terms of growth, resources and investing, but to expertise that has been trusted for generations. Bank Sarasin offers106 words
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Advertisement31 2010-10-25 6 IN PIPELINE Braddell Road Kovan Road Upper Serangoon Road (1) Upper Serangoon Road (2) Ubi Industrial Site Stevens Road Telok Kurau Road Devonshire Road Holland Road River Valley Road Robinson Road31 words
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Advertisement204 2010-10-25 7 fjfet PATEK PHILIPPE GENEVE Begin your own tradition. M r rt> c/> n o> >-t S3 hi jo 3 cL R? c-t tr CD 13 a> >-i P o' 3 *77? <? Patek Philippe Seal. It embodies the values and standards watch company" Patek Philippe has created a quality benchmark204 words
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Page 9 Advertisements
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Advertisement114 2010-10-25 9 Breaking new ground Fit for the North Sea Keppel FELS has delivered Rowan Viking, a jackup rig designed for both drilling and production activities, to Rowan Companies, Inc. on time, within budget and with a perfect safety record. Built to Keppel Offshore Technology Development’s KFELS N Class design, the rig114 words
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SINGAPORE NEWS
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Article, Illustration439 2010-10-25 10 UMA SHANKARI - The French fashion retailer says it has big plans for Asia By UMA SHANKARI GROUPE Beaumanoir is set to introduce another slice of Parisian chic to Singapore with its newest label Morgan. The French fashion retailer is perhaps best known to fashionistas here for439 words
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Article832 2010-10-25 10 Payment Ex Books Pay Ann (cts) date close date date Ascendasreit ao 3.300 22-Oct 26-Oct 26-Nov 19-Oct Ascott R Trust cf 17-Sep 21-Sep ai 14-Sep ASL Marine ak 3.000 27-Oct 29-Oct 10-Nov 19-Aug AusGroup ak 0.640 20-Oct 22-Oct 12-Nov 24-Aug Avi-Tech Elect ak 0.250 04-Nov 09-Nov 24-Nov 27-Aug832 words
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459 2010-10-25 10 KAREN NG - By KAREN NG SUPER cyclist Lance Armstrong is best known for winning the Tour de France seven consecutive times from 1999 to 2005. But before that, he had achieved an even greater victory against cancer. Now, raising public awareness for the deadly459 words
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479 2010-10-25 10 NISHA RAMCHANDANI - Strong Sing boosts online shopping here SingPost reports double-digit rise in shipping volume in third quarter By NISHA RAMCHANDANI SINGAPOREANS have been letting their fingers do the shopping as a stronger Singapore dollar gives them more bang for their buck online. “We have seen doubledigit year-on-year increase in our shipping479 words
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Article, Illustration61 2010-10-25 10 Michael Zink, country head for Citi Singapore (back row, third from left), and Anil Wadhwani, chief executive officer, Citibank Singapore Limited (back row, second from left), with Citi staff on Saturday, ready to distribute food and daily necessities to the elderly who live in one or two-room flats61 words
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Article403 2010-10-25 10 Oct 22 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of403 words
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Article16 2010-10-25 10 Branchen Stars R1C-A EUR db X-MACROTrading Index Fund I4D GBP 18/10/10 131,22 14/10/10 103,6916 words
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Article29 2010-10-25 10 Balanced Currency Harvest Euro I1C EUR Booster Capital Guaranteed Fund SGD R1D SGD Double Joy Capital Guaranteed Fund R1D USD 18/10/10 101,26 14/10/10 10,51 14/10/10 9,9829 words
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Page 10 Advertisements
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Advertisement490 2010-10-25 10 FIRST SHIP LEASE TRUST (a business trust constituted on 19 March 2007 under the laws of the Republic of Singapore) Managed by FSL Trust Management Pte. Ltd. (“the Trustee-Manager”) NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN THAT the Transfer Books and Register of Unitholders of First490 words
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Advertisement102 2010-10-25 10 LUXURY TOURS TRAVEL PTE LTD The Leading Operator L>\ Established 1985 M "Fullfilling your requirments with finesse" Our experienced team of planners takes charge right from the start. We offer you the best venues available, suggestions settings. These include transportation, meals, sightseeing tours tourist guides. Our services at a glance102 words
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Advertisement21 2010-10-25 10 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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SINGAPORE ACCOUNTANCY CONVENTION
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Article, Illustration1334 2010-10-25 11 MICHELLE QUAH - With increasing globalisation, opportunities and challenges await accountants who will need new skills, capabilities. By MICHELLE QUAH By MICHELLE QUAH THE Singapore accountancy profession is entering a new phase of growth, as the sector prepares to be transformed on a level not seen elsewhereFILE PHOTO - 1,334 words
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Page 11 Advertisements
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Advertisement402 2010-10-25 11 Singapore Accountancy Convention 2010 Date: 2 November 2010, Tuesday Time: 8.00 AM 5.15 PM (Convention) I LMJ 6.30 PM -10. For more information and to register, please visit: www.icpasevents.org.sg A Profession At this thought leadership initiative organised by the Institute of Certified Public Accountants of Singapore (ICPAS), representatives from the402 words
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VIEWS FROM THE TOP
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Article, Illustration2700 2010-10-25 12 THIS WEEK’S TOPIC What is the likely impact of Malaysia’s new Budget on the country’s business sector? How can Singaporean and other foreign companies participate? Ray Ferguson Regional CEO, Singapore and South-east Asia Standard Chartered Bank BUSINESSES, already watching the government’s new economic strategy closely, will welcome theREUTERS; BLOOMBERG - 2,700 words
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Page 13 Advertisements
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Advertisement151 2010-10-25 13 > The best way through New York traffic is over it. In our helicopter. '.to 8 Road sign to airport hidden. If you miss it, take the second left and then the third right. PPH Bi Documents to Martha on 1st floor, ■feaSeverything else to John in dispatch. 'M Q_151 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1276 2010-10-25 14 Understanding the impact culture has on values and motivations can help to harness the diversity and improve overall team performance ONE effect of globalisation is that more and more, companies have to operate beyond their own home base. Employees of these companies hence have to1,276 words
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Article, Illustration1291 2010-10-25 14 MELVIN TIONG - SMU band rocks the town as the only Asian group at Coburg Int’l Samba festival, reports MELVIN TIONG CAMPUS LIFE MELVIN TIONG The writer is a third-year SMU undergraduate and the outgoing student music director of Samba Masala IN early July, a fusion percussion group specialising1,291 words
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Page 14 Advertisements
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Advertisement45 2010-10-25 14 THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.45 words
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ECONOMY WATCH
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Article, Illustration482 2010-10-25 15 He says approach may amount to manipulation of the US dollar G-20 MEETING Bloomberg [GYEONGJU, South Korea] The US Federal Reserve’s push towards easier monetary policy is the “wrong way” to stimulate growth and may amount to a manipulation of the dollar, German EconomyBloomberg; XINHUA - 482 words
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498 2010-10-25 15 AFP [MADRID] Spain is struggling to emerge from its worst recession in generations but its largest firms have continued to thrive thanks to the billions of dollars they have invested abroad over the past two decades. “The country’s main multinationals areAFP - 498 words
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458 2010-10-25 15 Its strong growth is also fuelling a rise in metals prices AFP [LONDON] China, the world’s second largest economy and its number one energy consumer, is shaking up global commodities markets where its potent growth momentum is also powering a rise in metals prices.AFP - 458 words
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Advertisement224 2010-10-25 15 Life Sciences Healthcare Management Service Excellence Fashion Retail Multimedia Information Communication Technology Engineering Environmental Management tr Finance, Human Resource, Sales Marketing NTUC LearningHub Proudly unveils nextu Delivering Global Best Practices to you with: ©UC Berkeley Extension UCLA Extension Oucihvinei extension JURAM L^i Nanyang Polytechnic The Idea Fa©t#ry International Since 1923224 words
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MALAYSIA/INDONESIA
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Article, Illustration434 2010-10-25 16 Jakarta minister says Tokyo pledges to invest US$52.9b over next 15 years Reuters [JAKARTA] Indonesia has received US$52.9 billion of investment commitments from Japan over the next 15 years to develop the country’s infrastructure, Indonesia’s chief economics minister Hatta Rajasa said. The deal comesReuters - 434 words
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Article, Illustration643 2010-10-25 16 S JAYASANKARAN - Umno seems to be in full-blown general election mode MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent A WEEK is a long time in politics, former British prime minister Harold Wilson once mused. It’s been over two and a half years since Malaysia had its last general643 words
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335 2010-10-25 16 Reuters [JAKARTA] The last wildlife reserve left in Indonesia’s vast, traffic-choked capital is under threat from a growing tide of rubbish and angry local residents who complain that it harbours thieving monkeys. Indonesia’s surging economy and fast-growing population is driving a building boom inReuters - 335 words
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Article1986 2010-10-25 16 VOL Oct 22 RM +/-(‘000) A M Realty 0.57 -0.04 37 Abric Bhd 0.23 -0.01 23 Advance Synerg 0.21 unch 4870 Adventa Bhd 2.45 -0.07 196 Ae Multi Hldgs 0.33 -0.01 632 Affin Holdings 3.19 -0.03 252 Ahmad Zaki Res 1.05 unch 685 Aic Corp 1.22 -0.02 9271,986 words
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Page 16 Advertisements
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Advertisement1680 2010-10-25 16 MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES MENC ST MENCAST HOLDINGS LTD. (Incorporated in Singapore on 30 January 2008) (Company Registration No. *****2235C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the "EGM") of Mencast Holdings Ltd. (the "Company") will be held on at1,680 words
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Page 17 Advertisements
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Advertisement190 2010-10-25 17 Copyright John Petter Reinertsen/Samfoto We are delighted to congratulate our Chairman TAN SRI (DR) FRANCIS YEOH for having been conferred the prestigious 2010 OSLO BUSINESS FOR PEACE AWARD and for being selected PRIMUS INTER PARES ('FIRST AMONG EQUALS 9 HONOUREE from seven internationally renowned recipients by Nobel Laureates Prof Muhammad190 words
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GREATER CHINA/INDIA
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646 2010-10-25 18 Its restrictions on exports are aimed at maximising profit AFP [XIAMEN] China’s restrictions on exports of rare earths are aimed at maximising profit, strengthening its homegrown high-tech companies and forcing other nations to help sustain global supply, specialists say. China last yearAFP - 646 words
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Article, Illustration649 2010-10-25 18 Many SKS, Spandana debt collectors held over harassment allegations AFP [NEW DELHI] India’s biggest lender to the poor, SKS Microfinance, was the toast of investors when it staged a hugely successful public share offer three months ago. Now SKS, India’s onlyAFP; BLOOMBERG - 649 words
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372 2010-10-25 18 Reuters [SHANGHAI] With pressure mounting again from China’s trading partners to allow the yuan to strengthen, a Chinese professor on Friday launched a set of daily yuan indexes that he says show the currency is in fact overvalued. Chen Xuebin, executive vice-dean ofReuters - 372 words
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Article, Illustration632 2010-10-25 18 Higher wages pare margins at India’s No 3 tech giant Reuters [BANGALORE] India’s No 3 outsourcing firm Wipro missed quarterly profit estimates as higher wages cut margins, underperforming rivals and sending its shares down more than 5 per cent. Like biggerReuters; REUTERS - 632 words
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Page 18 Advertisements
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Advertisement437 2010-10-25 18 CHINA XLX FERTILISER LTD. (A limited liability company incorporated in the Republic of Singapore) (Company Registration No. *****0384G) Singapore Stock Code: B9R.SI Hong Kong Stock Code: ***** NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of the Members of China XLX Fertiliser Ltd.437 words
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ASIA-PACIFIC/WORLD
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Article, Illustration642 2010-10-25 19 It’ll rile supporters in Saskatchewan if it does not block BHP’s US$39b offer Reuters [OTTAWA] Canada’s Conservative government will put its pro-business reputation on the line when it decides whether to let a foreign firm buy up resource giant Potash Corp,andReuters; REUTERS - 642 words
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Article, Illustration501 2010-10-25 19 AFP [BANGKOK] When Thai authorities shut down his website, Sombat Boonngamanong turned to Facebook to share political views with fellow supporters of the “Red Shirt” opposition movement. A year later he has two accounts and thousands of followers on the socialAFP - 501 words
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370 2010-10-25 19 Other private equity firms are also on buying spree NYT [NEW YORK] Wall Street is holding a garage sale, and private equity firms are showing up to buy. The banks are offloading businesses to comply with new rules, repay government loans or raiseNYT - 370 words
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671 2010-10-25 19 NEIL BEHRMANN - COMMENTARY By NEIL BEHRMANN SWINGING defence and other budget cuts, the largest in 60 years, have finally dispelled any illusion that Britain is a world power. The jingoistic song “Rule, Britannia! Britannia, rule the waves”, which is sung with fervour at the Proms671 words
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536 2010-10-25 20 He meets with vice-premier to exchange views on US-Chinese economic relations AP Reuters [BEIJING] US Treasury Secretary Timothy Geithner held hastily arranged talks yesterday with a top Chinese finance official amid currency tensions after a weekend pledge by finance leaders to rebalance the globalAP; Reuters - 536 words
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Article, Illustration400 2010-10-25 20 Pay-TV tycoon has bought 18% stake in Ten Network AFP [SYDNEY] Australian Communications Minister Stephen Conroy last Sunday described billionaire gaming and pay-TV tycoon James Packer’s surprise bid to return to free-to-air broadcasting as a “very clever move”. Mr Packer, the son of theAFP; BLOOMBERG - 400 words
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Article, Illustration532 2010-10-25 20 ASEAN SUMMIT AFP [SINGAPORE] Just a week after South-east Asia hailed “substantive progress” against cross-border air pollution, Singapore and parts of Malaysia are again being blanketed by smog from forest fires in Indonesia. The problem, known euphemistically as “the haze”, raises fresh questions aboutAFP; REUTERS - 532 words
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512 2010-10-25 20 Counterbalance calls lead to membership invite to US, Russia AFP [HANOI] Behind the official handshakes and smiles at this week’s 16-nation Asian summit in Vietnam, China’s increasingly assertive behaviour means that the region will be in an apprehensive mood, analysts say. PossibleAFP - 512 words
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Page 19 Advertisements
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Advertisement553 2010-10-25 19 To seize opportunities in high yielding bonds for stable income potential HSBC Global Investment Funds Global High Income Bond Bond markets have provided a myriad of opportunities following the financial crisis. In the current low interest rate environment, bonds with attractive yields can offer investors stable income. HSBC Global Investment553 words
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Advertisement454 2010-10-25 20 NOTICES INTHEMATTEROF COMPANIESACTCAP50 AND IN THE MATTER OF SAGAW EXPRESSASIA PTE., TD. REGNO.*****4433D (InMembers’ oluntary Liquidation) NOTICEOFFINALGENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, thattheFinalGeneralMeeting of the abovenamedCompany will beheld 10AnsonRoad #14-06, Singapore *****3 on 25 November 2010 ta t at 11.00454 words
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FOCUS: GOOGLE
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Article, Illustration1608 2010-10-25 21 Such tactics used by several US companies cost the government as much as US$60 billion in annual revenue Bloomberg [NEW YORK] GOOGLE Inc cut its taxes by US$3.1 billion in the last three years using a technique that moves most of its foreignBloomberg; REUTERS - 1,608 words
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Page 21 Advertisements
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WORLD
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794 2010-10-25 22 ANDREW MARKS - Investors shift to cautious mode ahead of elections and Fed meeting WALL STREET INSIGHT By in New ANDREW MARKS WALL Street’s run towards 1,200 in the S&P 500 has slowed to a walk in the last two weeks, as the anticipation of both mid-term elections794 words
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466 2010-10-25 22 Reuters [ERMELO, South Africa] South Africa will spend more than US$115 billion to bulk up its power grid and prevent future blackouts, as its main electricity provider warned urgent action was needed this year. A 2008 power crisis shut down mines andReuters - 466 words
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568 2010-10-25 22 Several dozen House races close enough to break either way NYT [WASHINGTON] A costly and polarising congressional campaign heads into its closing week with Republicans in a strong position to win the House but with Democrats maintaining a narrow edge in the battleNYT - 568 words
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Article, Illustration369 2010-10-25 22 AFP [RANTHAMBORE, India] British comedian Russell Brand and US pop star Katy Perry moved their India wedding extravaganza to Jaipur for a gala reception yesterday, a day after tying the knot amid tigers and tight security. Brand, 35, and Perry, 25, were marriedAFP; AP - 369 words
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Article, Illustration613 2010-10-25 22 KOREAN GRAND PRIX AFP [YEONGAM, South Korea] Ferrari’s Fernando Alonso seized the lead of the Formula One world championship after winning a chaotic, rain-affected Korean Grand Prix yesterday. The 29-year-old Spaniard took his third victory in the past four races after pole-sitter andAFP - 613 words
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Page 22 Advertisements
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Advertisement27 2010-10-25 22 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. S MATS NOTICES27 words
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AVIATION/SHIPPING
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Article, Illustration747 2010-10-25 23 Deliveries of new bulkers a drag amid rich harvests of soybean, corn Reuters [CHICAGO] The fastest US grain harvest on record is pushing large volumes of corn and soybeans to export terminals in the United States earlier than usual, but oceanReuters; BLOOMBERG - 747 words
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433 2010-10-25 23 JOYCE HOOI - There’s no news of the crew, most of whom are Filipinos By JOYCE HOOI SUSPECTED pirates have boarded a Singapore-regis-tered vessel 90 nautical miles (165km) from Mombasa, Kenya, the Maritime and Port Authority of Singapore (MPA) said yesterday. The liquefied petroleum gas (LPG) vessel York is433 words
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Article, Illustration433 2010-10-25 23 Bloomberg [DALLAS] United Airlines, Continental Airlines and Southwest Airlines Co posted third-quarter profits from rising fares to help push earnings at the largest US carriers to their highest in three years. Profit at the eight biggest airlines was US$2.44 billion, based on results fromBloomberg; AFP - 433 words
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Article3029 2010-10-25 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi KU6457 1230 SQ457 1230 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ278 1745 AF8088 2230 VS7268 1745 BA7382 2230 JL5083 2230 MU8214 2230 QF82 2230 --LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam SQ323 06053,029 words
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Page 23 Miscellaneous
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Miscellaneous293 2010-10-25 23 Across 1 Assuming sweetheart ought to call round (11) 10 Antelope from Africa’s Eastern region (5) 11 Taking the old lady out? (9) 12 Bury crowd outside cold and cross (9) 13 Gold French sea shell (5) 14 Legendary Trojan boss (6) 16 Family head getting endless abuse (8) 18293 words
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DINING OUT
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Article, Illustration1112 2010-10-25 24 Jaime Ee - NEW RESTAURANT Restaurant Andre 41 Bukit Pasoh Road Tel: 6534-8880 www.restaurantandre.com By Jaime Ee IF there’s one thing to be said about avant-garde chefs they really know how to make good snacks. An unfulfilled culinary fantasy involves carrying an empty Milo tin to Ferran Adria’s elBulli and1,112 words
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Page 24 Advertisements
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Advertisement63 2010-10-25 24 -s- Lianhe Zaobao What'd happen should the US continue its moii©*" snveer inrnmmmmnep^ To subscribe, call 6388-3838 or go to sphsubscription.com.sg GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. S MATS HRSTViUtl lt»eM ls63 words
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SINGAPORE STOCKS
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Article9358 2010-10-25 25 Week ended: Oct 22 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 18.5 unch 978 19 18.5 18.5 19 1.7 9.8 5.9 88.6 12 5 5834 A-Sonic9,358 words
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Article1853 2010-10-25 26 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 4 -0.5 200 4 4 4 4.5 22.2 3.9 225 130 6222 t APStrategic 169 +71,853 words
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Article919 2010-10-25 26 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 117 +1 90 117 117 114 116 534.1 1036 757 CIMBAsean40 100US$ US1010 -14 360 1018 1000919 words
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Article268 2010-10-25 26 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 6000 AVJennings A50 -1 22 51 49.5 50 52 3.6 7 4 130.2 55 16 6017 Genting HK US$ US45 +1 *****9 47.5268 words
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Article114 2010-10-25 26 Stock name Close Change CapMallsAsia 2.170 -0.030 CapitaLand 4.000 +0.020 CapitaMall 2.020 +0.010 CityDev 13.140 +0.100 ComfortDelGro 1.470 -0.020 DBS Grp 14.500 +0.140 F&N 6.250 Genting SP 2.220 Golden Agri 0.660 +0.005 HK Land 6.800 +0.180 Stock name Close Change JMH 44.900 +0.500 JSH 26.000 +0.180114 words
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Article186 2010-10-25 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 7 4 0 0 0 6 7 4 Manufacturing 57 103 70 9 15 18 66 118 88 Commerce 24 40 21 4 9 5 28 49 26 Tpt/Stor/Comms 8 30 7186 words
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Article123 2010-10-25 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 163,893 163,893 463,831 463,831 Manufacturing 1,890,831 148,041 2,038,872 1,457,366 11,041 1,468,407 Commerce 526,065 148,258 674,323 531,988 24,888 556,876 Tpt/Stor/Comms 943,491 2,180 945,671 1,070,301 304 1,070,605 Finance 129,202 158 129,360 1,243,968 20 1,243,988 Construction 247,189 41,188123 words
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Article2654 2010-10-25 26 Transaction date: Oct 22 For a full listing of the closing prices, log on to BT online at http://business-times.asia1.com.sg after 11.30pm every trading day HONG KONG Vol HK$ +/-'000 Aeon Credit 6.48 unch 0 Aeon Stores 17.40 unch 0 Angang Steel 12.84 -0.42 ***** Anhui Conch 33.75 -0.202,654 words
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Advertisement26 2010-10-25 26 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES26 words
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FINANCE & COMMODITIES
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374 2010-10-25 27 In local curr In S$ In US$ dy yr dy yr dy yr Oct 22 Index Change Change Change Change Change Change World Index Preliminary 857.3 0.1 3.0 0.0 -3.2 -0.2 4.6 EAFE Preliminary 781.8 0.0 -0.4 -0.3 -4.9 -0.5 2.7 Europe Preliminary 1159.5 -0.3374 words
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Article121 2010-10-25 27 Oct 22 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.316 1.242 Can dollar 1.291 1.242 Euro 1.843 1.773 Sterling pound 2.082 2.002 NZ dollar 0.999 0.952 US dollar 1.322 1.272 Local dollars to 100 units of foreign121 words
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Article27 2010-10-25 27 Oct 22 Open High Sett STI Oct 3170 SIMSCI Oct 374.9 376.0 375.0 Taiwan Oct 285.5 287.7 287.6 Source: MF Global (S) Pte. Ltd27 words
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Article177 2010-10-25 27 Oct 22 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.10 US$ 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 0.62 0.52 9 months 0.80 0.60 12177 words
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Article22 2010-10-25 27 Oct 22 S$ Bid Offer 1-month 1.3008 1.3018 2-months 1.3007 1.3018 3-months 1.3008 1.3018 6-months 1.3007 1.3018 Source: OCBC22 words
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Article66 2010-10-25 27 Oct 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 10 2986 3012 3013 2985 519 2713 Dec 10 2995 3006 3014 2976 3134 ***** Jan 11 2995 3007 3014 2975 9245 ***** Feb 11 2980 300266 words
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Article424 2010-10-25 27 Oct 22 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6600 0 8505 Mar11 99.6100 0 2057 Jun11 99.5700 0 1569 Sep11 99.5050 0 2116 EUROYEN TIBOR FUTURES Dec10 99.6750 99.6775 99.6750 99.6775 3 2748 Mar11 99.7025 2 1546 Jun11 99.7000 99.7000 99.7000 99.7125 309 2054424 words
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Article157 2010-10-25 27 Oct 22 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Nov 10 399.5 397.0 398.5 21 395 Dec 10 400.0 400.0 399.5 16 466 Jan 11 400.0 634 Feb 11 404.5 404.5 401.0 12 742 Mar 11 405.0 405.0157 words
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Article88 2010-10-25 27 Oct 22 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 20.01.2011 0.29 1-Year BY*****W 03.05.2011 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.01 104.06 104.00 5-Year N*****0S 2.875 01.07.2015 109.16 109.20 109.2088 words
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Article105 2010-10-25 27 Oct 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 10 1199.50 1201.50 1212.50 1197.00 Jan 11 1211.50 1213.00 1224.25 1210.00 Mar 11 1218.75 1221.00 1232.00 1218.00 May 11 1221.75 1224.50 1234.25 1221.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 10 48.30 48.24 48.86105 words
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Article77 2010-10-25 27 CRUDE OIL PRODUCTS Oct 21 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 82.85 -0.08 WTI (Near Mth) 80.27 -1.55 Dubai (1-Mth F) 80.75 1.42 Tapis blend 88.70 0.50 Minas 82.80 0.70 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 84.00 2.00 Jet Kerosene 94.70 1.45 US$/barrel Opec Oil77 words
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2637 2010-10-25 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 3 0.5 3848 1 3 2.00 2 6221 Asia-Pacific Strategic W*****6 39 1 150 12 4.33 43 6227 ASJ Hldgs W*****1 3.5 1 128 12,637 words
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Article464 2010-10-25 27 Oct 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.007 6.517 0.704 7.603 43.598 87.479 0.795 11.030 3.045 1.311 84.043 42.413 1.274 6.808 0.955 30.253 29.305 0.625 0.979 Canada 0.993 6.469464 words
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Article85 2010-10-25 27 Oct 22 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-10-25 27 Oct 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2734 1.2745 0.9789 0.9790 Canadian dollar 1.2639 1.2651 0.9716 0.9718 Euro 1.8079 1.8098 1.3898 1.3902 NZ dollar 0.9714 0.9727 0.7468 0.7472 Sterling pound 2.0387 2.0407 1.5673 1.5676154 words
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Article139 2010-10-25 27 GOLD (US$/oz) Oct 22 Oct 21 Hong Kong 1319.00 1345.50 Oct 21 Oct 22 London 1339.65 1323.45 1340.40 1324.20 Source: Thomson Reuters CAST BAR Oct 22 (S$) Selling Buying Kilobar 59,658.92 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 134 56 5gm 379 278 10gm 678 557 20gm139 words
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Article71 2010-10-25 27 Oct 22 Oct 22 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2334.00 2317.50 3 months 2365.00 2350.00 Copper, Grade A (US$/tonne) Cash 8318.00 8290.00 3 months 8334.00 8307.00 Lead (US$/tonne) Cash 2503.25 2457.75 3 months 2530.00 2485.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article82 2010-10-25 27 Oct 22 COCOA (£/tonne) Close Prev High/Low Dec 10 1925 1902 1934/1904 Mar 11 1948 1923 1957/1925 May 11 1961 1939 1970/1942 Jul 11 1976 1957 1986/1972 COFFEE (US$/tonne) Close Prev High/Low Nov 10 1804 1872 1876/1790 Jan 11 1826 1893 1899/1811 Mar 11 1813 1872 1875/1803 May 1182 words
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5688 2010-10-25 28 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.5,688 words
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Page 28 Advertisements
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Advertisement16 2010-10-25 28 SHipping lines seeking reliable logistics partners Can they find your services Here in th< Shipping Times?16 words
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Advertisement31 2010-10-25 28 Importers k I M JT Can they find looking TOT your services Warehouse Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES31 words
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Advertisement28 2010-10-25 29 r FREIGHT FORWARDER urgently needed by shippers 1 Can they find your here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132728 words
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BizIT
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680 2010-10-25 30 Raju Chellam - S’pore shipped 21 petabytes of storage in Q2, up a robust 63% over Q2 last year, writes Raju Chellam Raju Chellam THE growing volume of corporate and consumer data being generated coupled with an uptick in the global economy is boosting demand for680 words
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Article, Illustration715 2010-10-25 30 VICTORIA HO - Android’s open-source model has its champions, but will enterprises bite? <we say> VICTORIA HO Reporter ANDROID’S openness has been the reason its fans rally behind it. However, this very openness could ultimately hinder enterprise adoption of the mobile OS (operating system). The open-source mobile software stack715 words
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Article, Illustration926 2010-10-25 31 Amit Roy Choudhury - HTC’s latest Android phone gives serious competition to the iPhone, reports Amit Roy Choudhury <cool stuff> Amit Roy Choudhury WHEN Steve Jobs launched the iconic iPhone in 2007, he virtually released a tsunami in the highly profitable smartphone market. The iPhone with its cool touchscreen,926 words
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406 2010-10-25 31 AMIT ROY CHOUDHURY - Operations run out of S’pore grows 58.6% in fiscal Q1 By AMIT AMIT ROY CHOUDHURY INDIAN software major, HCL Technologies Ltd’s revenue grew by 27.6 per cent to US$804 million year-on-year in its fiscal first quarter which ended on Sept 30. HCL’s406 words
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Advertisement254 2010-10-25 30 Canon Delighting You Always r r@ 1 UOIIP3 o-x* Brilliant Presentations LV8310 •WXGA- 1280x800 pixels 3000 lumens 500:1 contrast ratio 1.2x optical zoom LV7380 •XGA-1024x768 pixels 3000 lumens 500:1 contrast ratio 1.2x optical zoom LV8215 •WXGA- 1280x800 pixels 2600 lumens 450:1 contrast ratio 1.2x optical zoom LV7285 •XGA-1024x768 pixels 2600254 words
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Advertisement11 2010-10-25 30 Head to CATS FASTADS in The New Paper for job opportunities!11 words
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Advertisement493 2010-10-25 31 A Special Feature Brought To You By EMC EMC? where information lives NEW LEVELS OF STORAGE EFFICIENCY AND SIMPLICITY IN EMC UNIFIED STORAGE FAST sub-LUN tiering, FAST Cache, block data compression, and EMC Unisphere further extend Celerra advantage Does your company use server-based storage? How is the server-based storage and493 words
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Advertisement98 2010-10-25 32 MARKETS get thinking FX/CFD trading The world's No. 1 CFD provider* i FX/CFD trading provides a simple way to profit from rising and falling prices. Access global markets 24/7; FX plus thousands of shares, ETFs, commodities and indices on one account. Automatic rebates on FX for high-volume traders. Find all98 words
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