The Business Times, 25 June 2009

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 28
1 28 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sfili A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Thursday, June 25,2009
    23 words
  • 646 1  -  CHEWXIANG It will build 2 desalination plants at more than $lb and take stakes in them [SINGAPORE] Water treatment company Hyflux Limited said yesterday it has signed an agreement to build two water desalination plants in Libya, a deal which analysts say could
    646 words
  • 544 1  -  /VINCENT WEE Glencore said to be in driving seat to pick up 51% share [SINGAPORE] Chemoil founder Robert Chandran's family members may finally be able to divest their majority stake in the company they inherited from him. Reuters yesterday reported that the family is
    544 words
  • MARKETS DIGEST
    • 47 1 Inesi lay lange 1COMP 1,057.85 +13.37 IIKKEI225 9,590.32 +40.71 1ANG SENG 17,892.15 +353.78 ;et index 581.43 +11.58 JAKARTA COM P 1,995.67 +81.29 IANILACOMP 2,415.83 +45.77 ;eoulcomp 1,363.79 +3.25 ;henzhen b 478.50 +5.69 IUMBAI IND 14,422.73 +98.72 12 noon EDT Change )OW 8,394.48 +71.57 IASDAQ 1,803.41 +38.49
      47 words
    • 28 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONGKONG 5.00 INDONESIA 16.446 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 12.25 Source:
      Bloomberg  -  28 words
    • 45 1 IS$ (S$ ier US$) 1.454 (US$/S$ per 1.657 2.409 ;URO (US$/S$/E) 1.410 2.050 Foreign currency per US$ 1$ 'EN 95.40 65.60 3.534 2.431 IK$ 7.750 5.330 !AHT 34.13 23.47 lUPIAH 10,360 7,125 lENMINBI 6.834 4.700 INDIAN RUPEE 48.46 33.33 1.251 0.861 IZ$ 1.551 1.067
      45 words
  • Page 1 Advertisements
    • 33 1 8 *****1 *****4 More than 250 years of continuous history VACHERON CONSTANTIN Manufacture Horlogere. Geneve, depuis 1755. Service Centre Richemont Luxury (Singapore) Pte Ltd Tel: (65) 6317 2588 Enquiry-Tel: (65) 6510 2780 www.vacheron-constantin.com
      33 words
  • Page 1 Miscellaneous
    • 71 1 BizlT GLOBALTRADE tk COMPANIES LjL IRs Costlier, but Protectionism rears M %£j^j_ 01am bids for Gaming important more bandwidth its ugly head 1 SK Foods assets -Jj i part of revenues PAGE 25 PAGE 15 W "t^ PAGE 5 PAGE 4 2j ion R| O R C H A R
      71 words

  • TOP STORIES
    • 651 2 NYT,Reuters Denying charges, Beijing says export policies comply with WTO regulations [WASHINGTON] The US and European Union filed charges of unfair trade practices against China at the World Trade Organization on Tuesday, saying the Chinese government was restricting exports of raw materials
      NYT,Reuters; BLOOMBERG  -  651 words
    • THREE-MINUTE DIGEST
      • 78 2 WATER treatment company Hyflux said yesterday it has signed an agreement to build two water desalination plants in Libya, a deal which analysts say could be worth more than $1 billion. The agreements will also see Hyflux taking a 49 per cent stake
        78 words
      • 81 2 CHEMOIL founder Robert Chandran's family members may finally be able to divest their majority stake in the company they inherited from him. Reuters yesterday reported that the family is in talks with top commodity trader Glencore to sell its 51 per cent share in
        81 words
      • 67 2 THE US and European Union filed charges of unfair trade practices against China at the World Trade Organization on Tuesday, saying the Chinese government was restricting exports of raw materials to give manufacturers in that country a competitive advantage. China denied the
        67 words
      • 97 2 THE casinos may be a small component of Singapore's integrated resorts but both operators will be counting on gaming revenue for significant support. A report by CLSA reveals that for Marina Bay Sands, gaming Ebitda for 2011-2012 is estimated at US$7OO-800 million about 75
        97 words
      • 60 2 JADE Technologies said yesterday Jeffrey Hing has ceased to be a substantial shareholder, just over a year after he gained a substantial shareholding. Mr Hing has pared his stake from 11.14 per cent to less than 5 per cent, selling about 75 million
        60 words
      • 49 2 L&M Group Investments has crossed another hurdle towards trading resumption, saying yesterday that the Singapore Exchange has no objection to its plan to complete a proposed reverse takeover and resume trading of its shares by Aug 31. COMPANY NEWS, PAGE 7
        49 words
      • 73 2 THE European Central Bank lent commercial banks a record 442.24 billion euros (*****.86 billion) at one per cent yesterday via its first offer of 12-month funds, aiming to boost credit flows. The previous record for its refinancing operations was 348.6 billion euros in
        73 words
      • 72 2 ISLAMIC financial markets heaved a sigh of relief after dodging the securitisation crisis which hit traditional banks, but the fallout may spark a global regulatory overhaul that could stifle the US$l trillion industry. As Western regulators look to tighten supervision of banks,
        72 words
      • 72 2 THE buying frenzy at property launches has spread to the secondary market. The number of private homes sold in the resale market excluding sub-sales has risen to 1,464 units this quarter, based on Urban Redevelopment Authority caveat data at June 19. The
        72 words
    • 544 2  -  CHUANG PECK MING Bidder stayed under the radar by posing as sub-contractor [SINGAPORE] What do you do if you are a contractor banned from tendering for government projects? You bid as a sub-contractor. That's what one corrupt contractor did recently when he bid
      544 words
    • 420 2 Reuters LATEST US DATA [WASHINGTON] An unexpected jump in US durable goods orders last month backed hopes that the economy was healing and this message was reinforced by a pick-up in home mortgage applications last week. New orders for long-last-ing US manufactured goods
      – Reuters  -  420 words
    • 461 2 AP, AFP, Reuters He and Fota agree on a watered down cost-cutting deal [PAßlS] Formula One's (Fl) world governing body the FIA and eight rebel Fl teams yesterday reached an agreement to avoid a breakaway series next year, FIA president
      AP, AFP, Reuters; REUTERS  -  461 words
    • 729 4  -  ARTHUR SIM It will make up big chunk of Sentosa's revenue, Marina Sands' Ebitda: CLSA [SINGAPORE] The casinos may be a small component of Singapore's integrated resorts (IRs) but both operators will be counting on gaming revenue for significant support. A report by CLSA
      FILE PHOTO  -  729 words
    • 399 4  -  JOYCE HOOI Salaries poised to stay on even keel this year and next [SINGAPORE] For an industry that is at the heart of the financial maelstrom, finance and accounting professionals' salaries will not encounter much turbulence this year. Salary levels for the industry will
      399 words
    • 403 4 ■NYT [WASHINGTON] After all those losses and bailouts, rank-and-file employees of Citigroup are getting some good news: Their salaries are going up. The troubled banking giant, which to many symbolises the troubles in the nation's financial industry, intends to raise
      ■NYT  -  403 words

  • Page 3 Advertisements
    • 100 3 3 ■'■■■1?F w^ I— Iw L^ I— I— ~x "Sh^HHlw If !^^s —BL: j IS& ft 'SfTIl -r... n. iSSI ■irjfik -"P IIMI!jl im Btriiil ly| I Jill Ml i'i:.]TTj| in. TFll 189 ii *r:-■" w s^b I Another Prestigious Development By Tiong Aik Group of Companies Developer JJW\ CSRO
      100 words

  • Page 4 Advertisements
    • 1379 4 V#^L kt/A^TT/nr r> To"free: 180°-289-8822 *m^- IVIII If U V Email: notices@sph.com.sg J_ V^^/ m. _L^_> 'kj www.cats.com.sg i^ OIN 1 P. T Bank Negara Indonesia (Persero) Tbk andl Subsidiaries 2008 2007 2008 2007 SSf 4.428.192 3,259.229 [Kll^**""' Current accounts with Bank Indonesia 9.350.792 17.573.082 Obligations due immediately 1.059.663 1.118.333
      1,379 words
    • 622 4 [nffffifflTffiff] IN THE MATTER OF *^M flfi M <H IN THE MATTER OF Mw9 C tvD Km fH INTERMILUNG COMMODITIES PTE LTD H fc^ ■«>I 11 (IN MEMBERS' VOLUNTARY LIQUIDATION) 19 B II I ul 18 (COMPANY REGISTRATION NO. *****5378K) Mfejff Lffl lfcW -W I II ul Notice is hereby
      622 words

  • COMPANY NEWS
    • 359 5  -  TEH SHI NING Jeffrey Hing has pared his stake from 11.14% to less than 5% JADE Technologies said yesterday Jeffrey Hing has ceased to be a substantial shareholder, just over a year after he gained a substantial shareholding. Mr Hing has pared his
      359 words
    • 214 5 BROADBAND Network Systems (BNS), part of Singapore-listed Infinio Group, has inked a deal with Taiwan's incumbent carrier, Chunghwa Telecom Co, over a technology that could revolutionise online shopping. Eyeing this lucrative market segment, said to be worth over US$7 billion in Taiwan alone,
      214 words
    • 397 5  -  LYNETTE KHOO COMMODITY supplier 01am International, in which Temasek Holdings recently acquired a stake, is making a bid for selected assets of a major US-based tomato processing group, which has filed for Chapter 11 bankruptcy protection. 01am said yesterday that it has
      397 words
    • 480 5  -  JOANNE TANG Monthly turnover doubles to $13b from the low of January THE warrants market has been picking up momentum, with monthly turnover having almost doubled to $1.3 billion last month from the low of January. Speaking at the launch of the third Macquarie Warrant Hotshot
      480 words
    • 98 5 MACQUARIE yesterday launched the third Macquarie Warrant Hotshot competition, a real-time simulated trading contest aimed at educating investors about the warrants market. Entrants can sign up to one of four categories: dealers, investors, media and students. The investor with the largest portfolio at the end
      98 words
    • 339 7 ST Engineering unit ST Aerospace has won two separate contracts worth a total of $48 million. In China, the company has signed a US$2l (5530.4) million deal to repair and maintain the Airbus A 321 fleet of Shanghai Airlines.
      REUTERS  -  339 words
    • 324 7  -  JOYCE HOOI A FEW months after launching Swarovski crys-tal-embedded sofas, Lorenzo International issued a less-than-sparkling profit warning yesterday. The furniture retailer is expecting to post a loss in its HI 2009 results for the six months ended June 30, 2009, citing losses from its operations in
      324 words
    • COMPANY BRIEFS
      • 85 7 SGX has asked China Yongsheng to present the views of its board on whether the company's finance function is sufficiently staffed with the resignation of its CFO Han Yee Yen. The board said the company's finance function is sufficiently staffed. Mr Han, who is stepping
        85 words
      • 50 7 ROTOL Singapore's subsidiary, Rotol (S) Co Ltd Jiaxing Factory has signed a relocation compensation agreement with the Xincheng Town People's Government. The municipal government will pay Jiaxing Factory 13.5 million yuan (552.9 million) in compensation for acquiring the land on which the latter is situated.
        50 words
    • 304 7 BENEFUN International Holdings is getting sued for over HK$3l million (Sss.B million) for allegedly failing to register a shareholder's transfer of a block of the company's shares. Separately, another shareholder accused Benefun of not acting in line with the company's memorandum and articles
      304 words
    • 481 7  -  LYNETTE KHOO SGX nod also for bid to resume trading by Aug 31 but extension is final If successfully carried out, the plan will help bring to an end the judicial management that started since early 2006 and pave the way for
      481 words
    • 326 7  -  BRANDON CHEW CX TANG'S minority shareholders who oppose the company's delisting will be able to voice their grievances at an extraordinary general meeting (EGM) on July 17. The retailing giant, which suffered a net loss of $5.62 million for the year ended March
      326 words
  • Page 5 Advertisements
    • 365 5 Lei's oelebmiß your spirit of snireprsrisurshiM Kx^ SjIVLU SINGAPORE MANAGEMENT FC. CFO. COO. CEO. P-~, i. Nice initials start with an SMU MPA y/- —r^y There's never been a better time to pursue a career in the accounting y^ profession. Update and expand your professional expertise or even switch v
      365 words

  • SINGAPORE MARKETS
    • 600 6  -  R SIVANITHY STOCKS Possible reasons include short-covering, early window-dressing and anticipation of Wall Street rally AFTER losing about 170 points or 7 per cent in a little over two weeks, the Straits Times Index (STI) yesterday bounced 52.86 points to 2,278.96 thanks probably to short-covering, possibly
      : Bloomberg  -  600 words
    • 89 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 8 1 5 0 0 0 8 1 5 lanufacturing 69 32 48 11 73 33 59 Commerce 26 13 19 29 14 24 'pt/Stor/Comms 27 27 :inance 14 14 Construction 10 13 'roperties 29 29
      89 words
    • 111 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 8,907 8,907 29,026 29,026 lanufacturing 257,820 61,296 319,116 195,935 2,372 198,306 lommerce 82,918 4,021 86,939 67,077 2,014 69,091 'pt/Stor/Comms 94,504 94,504 177,931 177,931 :i nance 31,894 31,894 239,570 239,570 lonstruction 42,318 4,126 46,444 10,104 61 10,165 'roperties 92,339 92,339
      111 words
    • 103 6 lapitaLand 3.650 +0.060 lapitaMall 1.370 +0.060 jtyDev 8.530 +0.150 lomfortDelGrc 1.290 +0.020 losco Corp 1.280 +0.010 IBS Grp 11.360 +0.160 :&N 3.740 +0.140 ienting SP 0.650 +0.010 iolden Agri 0.410 +0.025 IK Land 3.460 +0.130 IMH 24.760 +0.260 ISH 13.820 +0.180 lardineC&C 18.260 +0.320 Ceppel Corp
      103 words
    • Article, Illustration
      818 6  -  LYNETTE KHOO RETAIL sales of small-ticket items picking up: While sales of big-ticket items such as motor vehicles remained weak, sales of small-ticket items have been picking up since March. According to the latest data from Singstat, the seasonally-adjust-ed retail sales excluding motor vehicles rose by 1.1 per
      818 words
    • 339 6 Reuters CURRENCIES [SINGAPORE] The South Korean won and Indonesian rupiah rose yesterday as the US dollar faltered globally in anticipation that the Federal Reserve will move later in the day to dampen expectations of higher US interest rates. Asian currencies generally firmed as
      ■ Reuters; AFP  -  339 words
    • 4 6 DAILY
      4 words
    • 58 6 Jun 24 CLOSE VALUE IT OB/OS -966.00 -52.C IT CADI -*****.00+170. IT 10-day MA -*****.00 -97.0' TSE ST Mid Cap 514.39 +9.3 TSE ST Small Cap 423.48 +6.21 TSE ST All Share 556.19+12.2 TSE ST China Top 237.26 +6.4! TSE ST China 232.76 +6.4: TSE ST Catalist
      58 words
    • 55 6 VOLUME Golden Agri 99,422,000 China Honqxinq 62,895,000 Jade Tech 47,008,000 CapitaComm 32,522,000 Genting SP 24,773,000 SinqTel 23,572,000 Midas 23,095,000 Chinasinq 22,084,000 Ocean us 21,769,000 China Sports 18,712,000 VALUE(S) DBS Grp 123,661,640 SinqTel 68,763,135 Wilmar 54,274,760 Capita Land 53,220,710 UOB 42,823,560 SPC 40,399,470 SIA 39,940,720 Golden Agri 39,878,400
      55 words
    • 99 6 CLOSE UP LD 10US$ 9134 151.2 1.2 ilA 1280 50.0 4.1 IOB 1460 46.0 3. China H 10US$ 1357 43.6 2. >sia Pac Brew 1200 40.0 3.. IMH 2476 37.8 1.1 MS India 10US$ 1172 36.3 2., lardine C&C 1826 32.0 1.: IOB 5.05%NCPS 100 9760 30.0 0. IOB.ES.0906
      99 words
    • 119 6 CLOSE DOWN 8936-311.0 -2.3 DBXT Ni 10US! Thailand 10US 353 -39.2 -7.1 DBS.ES.0906 1130 -32.0 -2.8 DBXT S&P Short 10US! 7000 -17.4 -0.2 DBXT FTVietnam 10US! 4390 -14.5 -0.2 reat Eastern 1046 -12.0 -1.1 DBS Bk6% NCPS 10 9990 -10.0 -0.1 ;txpo ioo 1340 -10.0 -0.7 Creative Tech 370
      119 words
    • 85 6 Where S$ stands Jun 24 CHNG CLOSE FRJUI123 YR2009 S$ LOW S$ HIGH USS 1.4534 0.27 1.5579 1.4308 Euro 2.0500 -1.00 2.0732 1.9150 Pounds 2.4108 -1.79 2.4000 2.0356 AS 1.1643 -1.82 1.1816 0.9453 Yen* 1.5276 0.11 1.7278 1.4831 Rupiah* 0.***** 0.37 0.***** 0.***** Baht* 4.2584 0.21 4.3390 4.1040 Peso*
      85 words

  • Page 7 Advertisements
    • 59 7 uIO 21 lliiil WH9P ViVmP^l Call 6-594 7593 today for more info or to join our weekly demo class. A SAS 70 Compliant status conferred to a service organisation is a testimony that the service provider has adequate controls and safeguards in place to host and process the data of
      59 words
    • 270 7 g!^ NOTICES IN THE MAnER OF MUSIM MASTIKA TRADING PTE. LTD. (REG. CO. NO. **********) (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of Members of the company held at Suite 2A-3A-1, Level 3A, Tower 2A, Plaza Sentral, Jalan Stensen Sentral 5,***** Kuala Lumpur, Malaysia on 18 June 2009
      270 words
    • 66 7 m BUILDING FUTURES 2 y One success story at a time I §fi*& wS tt/r^^m want a S^bal V distinctive mark in I$P alternative investments I k I WE HAVE THE PLAN &2aUajl B^ Level 1 2 Date Tue, 30 June fc" > Preparation Course Time 6.30-8.30pm R for Sep
      66 words

  • SINGAPORE NEWS
    • 455 8  -  LEE U-WEN SINGAPORE WATER WEEK Project's commercial operations are set to begin next month, says its designer THE firm that designed Singapore's fifth and largest NEWater facility has confirmed that the project's first phase has been completed on time, with commercial operations set to
      455 words
    • 258 8 PROFESSOR Gatze Lettinga from The Netherlands was awarded the Lee Kuan Yew Water Prize 2009 yesterday for his environmentallysustainable solution for the treatment of used water. Speaking at the 2nd Lee Kuan Yew Water Prize Award Ceremony at the Istana last
      SHAHRIYA YAHAYA/THE STRAITS TIMES  -  258 words
    • 321 8  -  TEH SHI NING PUBLIC-private partnerships (PPPs) are the way forward to finance water infrastructure, panellists at the Singapore International Water Week's finance forum said yesterday. At the forum organised by PUB Singapore, the World Bank and Japan Bank for International Cooperation stakeholders from banks, infrastructure
      321 words
    • 387 8  -  NISHA RAMCHANDANI It has made an initial investment of $500,000 so far INFRASTRUCTURE and environment company CDM officially launched its research and development (R&D) facility here yesterday at Singapore International Water Week. CDM has made an initial investment of about $500,000 in
      387 words
    • 336 8  -  JOYCE HOOI A CLINICAL finding released by Tan Tock Seng Hospital yesterday has found that mild fevers should not be dismissed when diagnosing the HINI virus. The hospital's clinical findings on the first 50 HINI patients showed that 46 per cent of
      336 words
    • 450 8 THE shakeup in the private banking industry here continues with HSBC now retrenching 20 people. This follows similar and in some cases, ongoing layoffs at other private banks. "We confirm that HSBC Private Banking in Singapore has made redundant 20 jobs," an HSBC private bank
      450 words
    • 360 8  -  SAMUEL EE BUYING a used vehicle or parallel import car should be a less worrisome affair now that the Consumers Association of Singapore (Case) has launched the CaseTrust-SVTA Accreditation Scheme for Motoring Businesses. SVTA is the Singapore Vehicle Traders Association, and Ca-seTrust-SVTA accredited companies have
      360 words
  • Page 8 Advertisements

  • ECONOMY WATCH
    • 569 9 AFP, AFP Its Ist offer is via 12-month funds at 1%, where aim is to boost credit flows [FRANKFURT] The European Central Bank lent commercial banks a record 442.24 billion euros (*****.86 billion) at one per cent yesterday via its first offer of
      AFP, AFP  -  569 words
    • 586 9 Bloomberg [NEW YORK] US President Barack Obama said a second stimulus package isn't needed yet, though he expects the US unemployment rate will exceed 10 per cent this year. "I think it is important to see how the economy evolves and how
      – Bloomberg; AFP  -  586 words
    • 655 9  -  ANTHONY ROWLEY -i- i Manufacturers need to turn to domestic demand: Sakakibara JAPANESE manufacturers face a "very significant and painful" adjustment in the next few years as they confront the need to de-empha-sise exports and switch into new areas of domestic demand, former senior finance
      REUTERS  -  655 words
    • 463 9 Bloomberg Economy will shrink 4.1% this year and grow 0.7% in 2010 [PARIS] The Organisation for Economic Co-operation and Development (OECD) has raised its forecast for the economy of its 30 member nations for the first time in two years as the US slump shows
      – Bloomberg  -  463 words
    • 263 9 AFP [SEOUL] The International Monetary Fund (IMF) is likely to upgrade its growth outlook for South Korea and other emerging Asian economies next month as stability begins to return, a senior IMF economist said yesterday. "We haven't finalised the new numbers (for emerging
      AFP  -  263 words
  • Page 9 Advertisements
    • 95 9 Flag off with the 'Premier Oasis on The Padang'. No Other Club Comes Close to the Fl. Be a part of Singapore's 'Premier Oasis on The Padang* today. The Club provides assistance to match sellers and buyers for transferable memberships. Term Membership is also available for expatriates looking for the
      95 words

  • MALAYSIA/INDONESIA
    • 626 10 Reuters Tighter supervision of banks may discourage use of Islamic finance [KUALA LUMPUR] Islamic financial markets heaved a sigh of relief after dodging the securitisation crisis which hit traditional banks, but the fallout may spark a global regulatory overhaul that could stifle
      – Reuters  -  626 words
    • 295 10 Bloomberg [KUALA LUMPUR] Malaysia's benchmark stock index may fall 10 per cent in coming months from last week's peak before forming a base at 980 for the next "leg up", driven by a revival in corporate earnings, said Amßesearch Sdn. The market
      – Bloomberg  -  295 words
    • 499 10 -AFP [JAKARTA] Indonesia expressed concern yesterday that Australian tourists are bringing swine flu to the resort island of Bali, after it confirmed its first two cases of the virus. Health Minister Siti Fadilah Supari said she was "very worried" that Australians who
      -AFP  -  499 words
    • 187 10 [JAKARTA] With the Indonesian presidential election schedule drawing near, the popularity of incumbent President Susilo Bambang Yudhoyono's pairing tend to decrease but they still have the highest voters ratio compared to his two contenders, a survey result showed yesterday. The result of a
      187 words
    • 528 10 ■AFP [KUALA KUBU BHARU] As Malaysian officials marked the spot where communist guerillas killed Britain's top colonial official 58 years ago, debate has erupted over whether to allow an exiled rebel leader to return. Soldiers and policemen gathered during the weekend
      ■AFP; AFP  -  528 words
  • Page 10 Advertisements
    • 43 10 i iinß "hW~ T^S WEDDING WOWS! Don't expect too much of the jr /f traditional at upcoming Hfmim, mm Indian weddings here JHJiJftj^flJilk a ITCANfiU^A tehjat,——, THE HEARTBEAT OF THE INDIAN COMMUNITY CATS Recruit The first step on your ladaer to success < o
      43 words

  • GREATER CHINA/INDIA
    • 608 11 Bloomberg They warn that record USs74b of 2009 paper will stoke inflation, lead to junk debt rating [MUMBAI] International investors are baulking at Indian Prime Minister Manmohan Singh's plan to sell a record US$74 billion in bonds this fiscal year, saying that the
      Bloomberg  -  608 words
    • 484 11 Reuters [MUMBAI] A high-er-than-normal fiscal deficit should not be a concern for Indian interest rates if government spending bridges the gaps in private investment, a policy adviser said on Tuesday. Montek Singh Ahluwalia, the deputy chairman of India's Planning Commission, also said
      ■ Reuters; REUTERS  -  484 words
    • 251 11 Bloomberg [BEIJING] Beijing Automotive Industry Holding Co will hold meetings this week with General Motors Corp (GM) about its bid for Opel should Magna International Inc's offer for the European carmaker fail, two people familiar with the talks said. Beijing Auto
      – Bloomberg  -  251 words
    • 462 11 AP This has angered natives who say the city is too crowded [SHANGHAI] China's biggest city began taking applications yesterday from non-Shanghainese seeking permanent residency, a first step in a reform that has angered natives who say the city already is too crowded
      AP  -  462 words
    • 553 11 AFP [BORDEAUX] Much to the delight of French winemakers, China confirmed its passion for red wine within the first 24 hours of the opening of the world's largest wine exhibition here, Vinexpo. Barely had the first visitors hit the stands when
      AFP  -  553 words
    • 365 11 AP [HONG KONG] The alleged lover of the late Nina Wang, Asia's richest woman when she died, testified yesterday for the first time in the Hong Kong court case to decide if he will inherit her multibillion-dollar estate. Feng shui adviser Tony Chan
      AP  -  365 words
  • Page 11 Advertisements
    • 353 11 A g^NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CARBIDIE ASIA PACIFIC PTE LTD Company Registration No. *****3709 D (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of Carbldle Asia Pacific Pte Ltd duly convened and held at 11
      353 words

  • ASIA-PACIFIC/WORLD
    • 753 12 Reuters Firms weighed down by excess capacity after over-investing in boom years [TOKYO] Asian firms are saddled with excess capacity after over-investing before the global economic boom crumpled last year. The most bullish forecasts suggest they won't raise spending to increase output
      ■ Reuters  -  753 words
    • 393 12 AP [SEOUL] North Korean leader Kirn Jong II has put his youngest son in charge of the country's spy agency in a move aimed at handing the communist regime over to him, a news report said on Tuesday. Mr Kirn
      AP  -  393 words
    • 65 12 AP [BRUSSELS] A man attaching an Iranian flag to a statue of John Cockerill, a prominent British-Belgian 19th century industrialist, during a gathering in Brussels yesterday to express solidarity with opposition supporters in Iran. Defeated conservative presidential candidate Mohsen Rezai on Tuesday withdrew his complaint against the
      AP  -  65 words
    • 642 12 Reuters [WASHINGTON] US President Barack Obama said on Tuesday Federal Reserve chairman Ben Bernanke had done a good job handling the financial crisis but offered no hints on whether he wanted the central bank chief to stay in his job. Mr Bernanke,
      – Reuters; REUTERS  -  642 words
    • 617 12 -NYT [NEW YORK] A small biotechnology company facing possible bankruptcy and liquidation has been awarded a US$35 million federal contract to develop a faster way to make vaccines for pandemic influenza. The award of the contract to the Protein Sciences Corp of Meriden, Connecticut,
      -NYT  -  617 words
    • 519 12 Reuters [TOKYO] Japan's beleaguered government was hit by a fresh scandal yesterday ahead of an election due within months, with the finance minister accused of receiving illegal donations. The scandal, the latest in a series of reports about dubious donations to politicians, could
      Reuters  -  519 words

  • WORLD
    • 419 13 NYT It will ask court to enforce summons on June 30 unless some settlement is reached [NEW YORK] The US Justice Department denied on Tuesday that it was considering dropping a closely watched lawsuit against the Swiss bank ÜBS, seeking
      NYT  -  419 words
    • 577 14 -LAT-WP Ford takes the bulk, USss.9b; Nissan to receive USsl.6b, Tesla, USs46sm [WASHINGTON] Three carmakers will receive nearly US$B billion in federal loans to boost production of fuel-efficient vehicles in the United States. This first tranche of a US$25
      -LAT-WP; AFP  -  577 words
    • 308 14 WASHINGTON] A Senate investigative committee has concluded that excessive speculation by commodity index investors has inflated the price of wheat and distorted trading in the wheat futures markets. In a report that was to be released yesterday, the Senate Permanent Subcommittee on Investigations
      NYT  -  308 words
    • 506 14 -AP Move aims to boost Dubai Mercantile Exchange: analysts [CAIRO] Dubai will link the official selling price of its crude oil to the Oman futures contract traded on the Dubai Mercantile Exchange, a move experts said on Tuesday sought to boost transparency
      -AP  -  506 words
    • 477 14 Bloomberg [NEW YORK] Zhao Danyang, the hedge fund manager who paid more than US$2.ll million to have lunch with Warren Buffett, said he owed his firm's 600 per cent return over the past six years to lessons he learned from the Oracle of
      Bloomberg  -  477 words
    • 569 14 -NYT [MOSCOW] Ikea said on Tuesday that it was suspending further investment in Russia, apparently because of pervasive corruption and demands for bribes. The announcement came after a rare statement by Ikea's 83-year-old founder in a radio interview that Ikea had decided
      -NYT; AP  -  569 words
  • Page 13 Advertisements
    • 3761 13 w WATS _L^l V— J I Vw' -L l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg Ifl I 4 SinGAPORE AIRLinES ffl? SinGAPORE AIRLinES //J? SINGAPORE AIRLINES LIMITED SINGAPORE AIRLINES LIMITED (Incorporated in the Republic of Singapore) (Incorporated in the Republic of Singapore) Company Registration No. *****0078R Company Registration No.
      3,761 words


  • GLOBAL TRADE
    • 1166 15 -NYT The policies could help ensure that China's economy continues to grow, but at the risk of increasing global trade tensions [HONG KONG] CHINA has begun a concerted effort to keep its export economy humming, even as demand for its goods has plummeted with the
      -NYT; AFP  -  1,166 words
    • 769 15 Bloomberg [BEIJING] China's provinces want to buy foreign products and services even after a central government order said they should purchase local ones when available, said Bruce McLaughlin, who runs a website that monitors Chinese local government tenders. "We haven't seen
      – Bloomberg; AP  -  769 words
    • 327 15 Reuters [SYDNEY] Australian customs authorities yesterday launched an investigation into whether China is dumping aluminium products at unfair prices in the Australian market, the latest in a series of complaints by China's trading partners. The complaints surface as Chinese exports of raw materials and
      Reuters  -  327 words

  • AVIATION
    • 691 16  -  f PAULINE NG Lost revenue of up to RM4OOm to be offset by ancillary service takings AIRASIA has decided to eliminate administrative fees from its fare structure in a move it said could cut its revenue by up to RM4OO million (Ssl6s million).
      ST FILE PHOTO  -  691 words
    • 406 16 Bloomberg [MELBOURNE] Air New Zealand Ltd, the nation's biggest airline, should consider an alliance with Virgin Blue Holdings Ltd to cut costs and create a stronger competitor to Qantas Airways Ltd, analysts at Macquarie Group Ltd said. A tie-up, through a takeover or
      Bloomberg  -  406 words
    • 235 16 Reuters It is discussing merger with Shanghai Airlines to boost position in China's financial hub [SHANGHAI] China Eastern Airlines said yesterday that it had won regulatory approval for a US$l.O2 billion share placement, moving it a step closer to a state-backed merger with smaller
      – Reuters  -  235 words
    • 247 16 Bloomberg [WILMINGTON, Delaware] Prime Flight Aviation Services Inc, a Tennessee-based contractor hired by US Airways Group Inc to provide curbside baggage services, won court approval to pay U*****,000 to settle a lawsuit by skycaps seeking to recover tips. Skycaps sued Prime Flight
      – Bloomberg  -  247 words
    • 2580 16 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), AI Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,580 words
  • Page 16 Miscellaneous
    • 193 16 CRYPTIC CROSSWORD ACROSS 28 It doesn't come as much of a blow (6,6) 11 City named after a rock? YESTERDAY'S SOLUTION 2 Disguise welcome during re- 14 combat mob rioting g^lTtorate^iO PasTi'll Laughs! scheduled tryst (8) with this? (6,4) 13 Quandary, 15 Cut to the bone, 3 Stupid spending day
      193 words

  • SHIPPING
    • 491 17  -  VINCENT WEE Even so, SS Teo, re-elected for one more term, sees gradual recovery [SINGAPORE] The shipping industry is more confident about the second half of this year, as the downturn looks like it has bottomed out, newly re-elected Singapore Shipping Association (SSA)
      FILE PHOTO  -  491 words
    • 247 17  -  VINCENT WEE [SINGAPORE] A rare attack in broad daylight by pirates armed with semi-automatic weapons and pistols has taken place at the Nipa Transit Anchorage just outside Singapore's port limits. But the attackers were foiled by quick-thinking crew members. According to the
      247 words
    • 639 17 Bloomberg Persian Gulf to Japan supertanker route down 76% in the past year [NEW YORK] Bjorn Moller, chief executive officer of shipowner Teekay Corp, expects rates to transport oil to be weak until the Organization of Petroleum Exporting Countries, which pumps
      Bloomberg  -  639 words
    • 617 17 Pirates free ship for ransom but leave body behind -AFP [THE HAGUE] A Dutch ship and its Ukrainian crew was freed on Tuesday by pirates after a US$l.3 million ransom was paid, but rescuers found a dead sailor aboard the vessel taken six weeks ago off Somalia. The pirates shot
      -AFP; REUTERS  -  617 words
  • Page 17 Advertisements
    • 375 17 STO wishes to purchase a Clean Product Tanker Announcement No. 60-ADM/2009/143 Tonnage 6500 10,000 DWT Hull Double Hull as per the IMO requirement for Clean Product Tankers Country of Built Preferred countries: Japan, South Korea &EU countries Year of Built Not older than December 1993 Class Vessel must be classed
      375 words

  • EDITORIAL & OPINION
    • 496 18 AS shipments from Asia slowed and then plummeted over the course of the downturn in the past months, one chorus has grown louder: Rethink the export-driven economic model; rebalance growth by boosting domestic and regional demand. Exports to the developed world may have been
      496 words
    • 1063 18  -  i ROBERT C SAWHNEY Some firms are very slow to respond to market changes and resist change and innovation LAW and accountancy firms have been hit hard by the economic downturn, particularly in the West where even prestigious firms such as Clifford Chance and
      FILE PHOTO  -  1,063 words
    • 818 18  -  ANTHONY ROWLEY THE BOTTOM LINE LAST week, I found myself listening to a discourse in Tokyo on the subject of "China's DNA". This was not a medical or biological lecture on how the dioxyribonucleic acid composition of Chinese body cells differs
      818 words
    • 1337 19  -  CHEAH SAW PHENG What is needed today is an infrastructure that supports the convergence of business and IT needs and assets I E have long known that organisations are living systems made up of smaller components and systems. As the planet becomes a smarter
      FILE PHOTO  -  1,337 words
    • 891 19  -  WILLIAM PESEK JR JOURNALISTS strive to be objective, while opinion writers try to give their side of the story without being too biased. Where Tony Fernandes is concerned, it's a difficult balancing act. The truth is, I'm rooting for the founder
      AFP  -  891 words


  • SINGAPORE STOCKS
    • 8544 20 Transaction date: Jun 24 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div Gr Yld Net C000) High Low Buyer Seller C'vr P/E M Cap Sinil Company 8.5 3 3148 8Telecom 10 2.5 5834 A-Sonic 30 12 5000 ABRHIdgs 15 5.5 1938 AEICorp 8 1
      8,544 words
    • 1516 21 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E $mil 19 5 1181 s AAGrp 32 12 8538 t APStrategic 4 05 1501 s Advanced System 8.5 2 3480 t Adventus 27.5 8.5 3518 s Afor 14.1 2 1524 t Alantac 19.5 3.5 7814
      1,516 words
    • 355 21 _Hm Low Code Conn Sale COOO) _Hm Seller C'vr P/E Smil 109 100 6389 ABFSG Bond ETF 107.1 905 427 CIMBAsean40 100US$ US632 +15 246 149 DBS STI ETF 100 230 +4 2772 1682 DBXT FTChina25 10US$ ....US2550 5268 3228 DBXT FTVietnam 10US$....US4390 -10 1388 850 DBXTMSTaiwan 10US$
      355 words
    • 258 21 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      258 words
    • 9161 21 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.747/ AIGIF Spore Bond Fund/A 1.257/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.91/ APS Alpha Fund (USD)!** 0.62/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5074/ APS Komaba Global
      9,161 words
  • Page 20 Advertisements


  • FINANCE & COMMODITIES
    • 356 22 %dy %yr dy yr dy yi Index Change Change Change Change Change Change Jun 23 World Index Preliminary 679.9 -0.5 0.3 -0.4 2.9 -0.3 1.1 EAFE Preliminai 652.0 -0.9 0.4 -0.6 4.1 -0.5 3.1 Euro[ Prelim inan 891.3 0.0 -2.2 0.3 3.2 0.4 2.1 Pacific
      356 words
    • 58 22 Jun24 lelivery lonth Opening Range Sett Av Price Price Hi Vol Open Done Position Low lul 09 2277 Hug 09 2268 >ep 09 2275 3d 09 2270 Total o/p: ***** contracts 2280 2294 2270 2255 2273 2238 2250 2275 2231 2255 2272 2235 Turnover: ***** Market tone: Lower
      58 words
    • 10 22 Jun24 STI IIMSCI Jun 267.2 274.8 273.5
      10 words
    • 20 22 Jun 24 Bid Offer -month 1.4535 1.4546 1.4535 1.4547 {-months 1.4535 1.4547 >-months 1.4534 1.4547 Source: OCBC
      20 words
    • 76 22 Jun24 (US$) (SS) 0.***** 0.***** 6 mths 1.***** 9mths 1.***** 12mths 1.***** 1 mth 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 9 mths 12 mths 1.***** 1.***** 1.***** 0.***** 0.***** 0.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 2.***** 4yrs 2.***** 5yrs 2.*****
      76 words
    • 297 22 Jun24 OPEN HIGH LOW SETT VOL OP/INT URODOLLAR FUTURES >epO9 DecO9 VlariO lun10 99.2800 99.0600 98.8000 98.4250 ***** 3795 4454 3014 EUROYEN TIBOR FUTURES iepO9 99.500 99.505 DecO9 99.510 99.510 VlariO un10 99.490 99.490 >ep10 DedO Vlar11 un11 99.500 99.510 99.490 99.505 99.515 99.505 99.485 99.430 99.385
      297 words
    • 184 22 Jun 24 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) 0/1 lots) ul 09 160.0 \ug 09 >ep 09 DctO9 156.2 \lov09 156.3 Dec 09 160.0 156.0 156.3 160.0 159.0 158.0 156.5 156.0 156.0 40 150 20 542 574 640 1006
      184 words
    • 81 22 Jun24 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low I-Month BQ*****E 24.09.09 -Year BY*****W 03.05.10 0.25 0.35 3OVERNMENT BONDS 'eriod Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low !-Year N5O61OOE 3.125 i-Year NX*****F 3.625 '-Year N*****0S 2.875 O-Year NX*****W 2.500 5-Year NY*****X 3.125
      81 words
    • 122 22 As at 9am Jun24 )f foreign currency: lurrencies Bid Offer lust dollar 1.1450 1.1800 .an dollar 1.2580 1.2730 luro 2.0340 2.0580 IZ dollar 0.9210 0.9410 iterlini 2.3770 2.4050 IS dollar 1.4450 1.4620 .ocal dollars to 100 units >f foreign currency: Currencies Bid Offer :hi renminbi 21.00
      122 words
    • 153 22 Jun24 )vernight I-month '-months 3-months Overnight mode: 1/8 JS$ 1/8 7/16 9/16 11/16 Offer 1/11 3/11 5/11 7/11 Bil days month months months j months months >— I (All 0.37 0.42 0.75 0.85 1.10 1.80 1.90 Offer 0.2; 0.3; 0.4! 0.5! 0.8( 1.4( 1.5( Bi< month months j
      153 words
    • 447 22 Jun 24 iuro 'en (on 'eso lam 'ouni wstralia 0.915 5.462 0.567 6.194 38.736 82.802 0.762 10.257 2.825 1.240 65.179 38.492 1.162 6.518 0.852 26.262 27.282 0.482 0.799 Canada 1.093 5.970 0.619 6.771 42.340 90.508 0.833 11.212 3.087 1.355 71.244 42.074 1.270 7.124 0.931 28.706 29.821 0.527
      447 words
    • 152 22 Jun24 /oz) fun fun long Kong 928.50 918.20 GOLD BULLION COINS 6$) Sellini Bu' rim .ondon Jun 23 Jun 22 918.10 921.00 1 oz 1506.56 1360 UBS GOLD LUNAR KINEBAR (SS) Selling Buying Source: Thomson Reuters I Jun 24 Selling Buying 10gm SILVER Passboc $528.58 433 Selling Buying
      152 words
    • 64 22 Jun23 luminium, 99.7°/ jrity (US$/tonne) Co Close Previous :ash 1573.00 months 1605.00 1542.51 1574.01 Copper, Grade A (US$/tonne) ;ash months 4782.00 4805.00 4738.51 4761.01 .ead (US$/tonne) :ash 1596.25 months 1618.00 1579.01 1602.01 lickel (US$/tonne) ]ash months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) iash months *****.00 *****.01 *****.00 *****.01
      64 words
    • 75 22 Jun23 (£/tonne) Close Prev Hii ih/Low Jul 09 1570 1556 1578/1558 Sep 09 1597 1584 1602/1585 Dec 09 1601 1586 1605/1588 Mar 10 1600 1586 1600/1588 COFFEE (USS/tonne) Close Pev High/Low Jul 09 1302 1349 1350/1299 Sep 09 1335 1379 1376/1332 Nov 09 1357 1400 1390/1355 SUGAR (US tonne)
      75 words
    • 149 22 Jun24 lurrencies Bid Offer Bid Offei >$IUS$ to one unit of foreign currency: Australian dollar 1.1613 1.1628 0.7990 0.799! Canadian dollar 1.2696 1.2708 0.8735 0.873' luro 2.0496 2.0511 1.4102 1.410: IZ dollar 0.9364 0.9385 0.6443 0.645: iterlinc 2.4076 2.4098 1.6565 1.656' IS dollar 1.4534 1.4544 >$IUS$ to
      149 words
    • 98 22 Jun23 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 09 1179.00 1151.50 1182.00 1152.25 Aug 09 1114.00 1090.00 1116.00 1085.00 Sep 09 1048.00 1023.00 1048.00 1023.25 Nov09 1004.50 981.00 1005.75 979.00 SOYBEAN/OIL (60,000 lbs;llscent/lb) Close Previous High/Low lul 09 36.93 35.93 36.95 35.90 S.ug 09
      98 words
    • 74 22 CRUDE OIL PRODUCTS Jun23 origin] (/barrel Close Cham irent blend (1-Mth F) 67.06 0.24 WTI (Near Mth) 68.82 1.95 iubai (1-Mth F) 65.97 -1.53 "apis blend 70.50 -1.15 i/linas 68.05 -1.65 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha let Kerosene 62.77 74.70 -2.28 -2.50 JS$/barrel )pec Oil Basket Price 67.41
      74 words
    • 2618 22 BONDS, WARRANTS EXTENDED SETTLEMENT Fel Last Vol lode Company Sale +01- ('000) I Asia-Pacific Strategic W*****6 3 >036 Advance SCT Ltd W*****9 0.5 3092 Asia Environment W*****4 0.5 3816 #Asiasons Capital Ltd W*****7 7 unch 18 5756 Asiatic Grp (H) Ltd W*****2 9.5 1105 #Asiatravel W*****7 12 >878 Aztech Systems
      2,618 words
  • Page 22 Advertisements
    • 41 22 bU^Uj^^UU&^^Sg^^^^^y^^^^^^fl |2£ ODBSVICKERS SECURITIES WKIMENG ©OCBC Securities SSK^SIS! IfikMtffll The information is issued by Macquarie Capital Securities (Singapore) Pte. Limited (Registration No: *****2912 C) holder of a capital markets services licence under the Securities and Futures Act, Chapter 289 of Singapore.
      41 words

  • Page 23 Advertisements
    • 3285 23 m The Business Times Shipping Times o^^ofl VPI fc F WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M M fT^^l W K^fcJM ■BWLjL^rmJMluil |V" |jji| ■■>■■« TEL *****588 (14 LINES) FAX:*****163 ]V. V Jllll^^M^H WBBBBBHBIBBBIIBW I V\^^ft I WAN HAI INtj FKL TIL (03| *****558 FAX: (03) *****288 PEN TEL:
      3,285 words

  • Page 24 Advertisements
    • 5177 24 FaY In F EASTERN CAR LINER, LTD I I^^^EEDBIO JEjffgH If—~—•—^ SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS |B^| llßEaiMßi^^^^M' VOY I Romp(KT) I LilliwlKT) I MUARA I SIN I PKL I BTL IKK I )KT I VOY EIA EID D'llHi PCL/PHL SERVICE AMX SERVICE Connecting ECL Svc via
      5,177 words

  • Biz IT
    • 630 25 Businesses stand to get better performance and flexibility from the fibre link compared to homes, Open Net CEO tells ONG BOON KIAT BUSINESSES in Singapore may be paying more for fibre connectivity compared to home dwellers but they can expect an overall better highspeed networking experience,
      FILE PHOTO  -  630 words
    • 230 25 -AFP [WASHINGTON] Hewlett-Packard unveiled a printer on Monday with a built-in Web connection that allows printing directly from the Internet without a personal computer. The HP Photosmart Premium with Touch Smart Web, described by HP as the first Web-connected home printer, will
      -AFP  -  230 words
    • 711 25  -  KAREN COPELAND <you say> An integrated, streamlined grants management life-cycle process can deliver many benefits AMID the current global financial meltdown, governments across Asia are trying to tackle the impact of the recession by injecting stimulus packages into their economies. Recently, Singapore
      711 words
    • 537 25  -  AMITROYCHOUDHURY WITH an explosion in data services, wireless and fibre are set to complement each other in mobile networks in the Asia-Pacific excluding Japan (APEJ), as base station and cell site growth expands over the next few years. IDC's Bill Rojas noted that
      537 words
    • 251 25  -  ZHANG Yl TING GLAMOUR takes centre stage in Sony's raft of new notebook offerings. Delectable to look at and designed for work on the go are six new models from the Vaio CS, Z and P series. The new offerings target a
      251 words
  • Page 25 Advertisements
    • 34 25 Call 6-594 7594 for more info or to join our SME Security Awareness seminar Stone Forest IT Micmsoft ppa yiiy OIUI IC lUI COL I I GOLD CERTIFIED ifflf MM www.StoneForestlT.com.sg Partner I lu^^^P
      34 words

  • PROPERTY
    • 267 26  -  MICHELLE YEO It will build 2 residential college blocks, 5 common facility buildings CONSTRUCTION, development and property management group KSH Holdings has won its maiden contract from the National University of Singapore (NUS), worth $83.4 million. KSH will build two residential college blocks
      FILE PHOTO  -  267 words
    • 745 26 Reuters [SYDNEY] Major Australian property trusts have recapitalised and are armed with stronger balance sheets, but some may have raised too much equity at the expense of future earnings growth. In the first half of 2009, Australian real estate investment trusts (Reits) raised more
      Reuters; BLOOMBERG  -  745 words
    • 247 26 Reuters [TAIPEI] The availability rate of prime office space in Taipei this year is likely to fall less than earlier expectations as closer ties with former political rival China helps boost demand for the island's real estate. The availability rate for prime office space
      – Reuters  -  247 words
    • 509 27  -  UMA SHANKARI lon is 94% leased, Orchard Central is 80% leased, say their developers lON Orchard, which is due to open in a month, is 94 per cent leased, the mall's developer, Orchard Turn Developments, said yesterday. Previously, the developer said the
      FILE PHOTO  -  509 words
    • 525 27 i j -Reuters [SINGAPORE] Asian property firms are beginning to see light at the end of the tunnel and several are positioning for an upturn even as the world economy struggles to recover from its worst recession in decades. The mood among US and European
      i j -- – — -Reuters  -  525 words
    • 156 27 Xinhua [SYDNEY] New South Wales Premier Nathan Rees revealed yesterday a record number of first home buyers in May showed there had never been a better time to enter the Australian property market. About 7,300 first home buyers took advantage of government grants and stamp duty
      Xinhua  -  156 words
    • 218 27 Reuters [SINGAPORE] Savills Japan said yesterday it plans to broaden its business from real estate management and consulting to helping clients restructure their debt as part of a global push into providing financial advisory. The firm has hired former Citigroup executive Kelly Hayes to
      Reuters  -  218 words
    • 746 28  -  KALPANA RASHIWALA Average resale prices up from Q1 but still significantly below peak levels last year THE buying frenzy at property launches has spread to the secondary market. The number of private homes sold in the resale market excluding sub-sales has risen
      FILE PHOTO  -  746 words
  • Page 26 Advertisements
    • 260 26 Investor choice!!! v f \^_J \s~\ f Goup VVIP PREVIEW! f% ff% s\ f rvJ O P DEVELOPER'S SALE! Launching Soon. I l 1 3(• Pasir Panjang Vicinity. T W _J 3 C_J -> r V"^ Freehold Condo with facilities. Ml 4 A AaM] *._^____kj j £j\ j^. /^J •1/2/3
      260 words
    • 188 26 Is it time to initiate pgrflH an en bloc sale now? H&ayg] I Seminar organized by Credo Real Estate, a market leader in en bloc sales with over $3 billion worth of deals concluded, including Singapore's biggest successful en bloc sale Farrer Court. I Obtain a comprehensive and step-by-step guide
      188 words

  • Page 27 Advertisements
    • 168 27 4-STOREY LIGHT INDUSTRIAL BUILDING For Sale Land Area ***** sq ft (approx.) GFA 84,000 sq ft (approx.) Tenure Freehold Zoning Business 1 &|M^Sw»Bf^*s, ra?^iat if^l Bb£ -^i^^^S^^t^l^ ■■^^^jj'^^tt/- A-grade office and retail asset totalling 19,7905qm* (P^l JBfcßJfi^te^^^3^^"^^^^^^^-'^ li; "'^jFl or sa'e ty Expression of Interest ■ÜBS^^B"^! I ROBERT BOSCH (SEA)
      168 words

  • Page 28 Advertisements
    • 1125 28 mWM am _4 I _tD_ghttoyajbySPHNBwMedi_.PteL.td M__^~[______^L___ t m Q^^^Z|l^ f\ /|||f\ HOW TO ZAP: Download software by SMS-ing the word "zap' to ***** (post-paid) |^BfHlßHrHrftaoß| ■M_|^BHPr^tar_rirMf_B_H rVf_Hß_| if 111^__5 or 9741-9401 (pre-paid). Zap the colour code found in the Savills advertisement. "^^^BsP'|rlM'NP|fVt^^a_____l GPRS dala traf)lc ellar 9es an<i terms contli,>
      1,125 words