The Business Times, 10 November 2009

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Total Pages: 61
1 61 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Tuesday, November 10,2009
    23 words
  • 864 1  -  GENEVIEVE CUA Structured products are back but they've changed By [SINGAPORE] The failure of Lehman Brothers gave structured products a bad name but wealthy investors are warming to deriva-tive-based solutions again. But events of the past year have left their mark on such products
    864 words
  • MARKETS DIGEST
    • 85 1 IS$ (S$ per US$) 1.387 (US$/S$ per 1.678 2.328 :uro (USS/SS/E) 1.498 2.078 Foreign currency per US$ S$ 'EN 90.10 65.00 3.381 2.437 IK$ 7.750 5.587 !AHT 33.34 24.03 lUPIAH 9,415 6,788 1ENMINBI 6.827 4.922 INDIAN RUPEE 46.52 33.53 1.079 0.778 IZ$ 1.356 0.978 1 COMP 1,267.75 +6.99 IIKKEI225
      85 words
    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.631 TAIWAN 4.696 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.53 INDIA 11.75 Source:
      Bloomberg  -  29 words
  • 669 1  -  CONRAD TAN Risk of speculation escalating as market expects low interest rates to persist By [SINGAPORE] Further action to cool the Singapore property market may be needed if recent measures to dampen speculation prove insufficient, the Monetary Authority of
    669 words
  • 626 1  -  LEE U-WEN 6 APEC economies to allow traders to self-certify goods for duty-free export By [SINGAPORE] From next year, Singapore and five other members ofthe AsiaPacific Economic Cooperation (APEC) grouping will start a new self-assessment scheme that will make it easier for traders
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 72 1 HDB HOME LOANS I PROPERTY H 0m w I INITIAL PUBLIC OFFER I OPINION Hong Leong Finance Katong Mall sold f Sands China plans Beware of low interest ratesO O O ML,,| 5 Jr cuts rates f0r5247.6m mUi! to raise HKs26b they may bubble over PAGE 2 PAGE 34 PAGE
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  • TOP STORIES
    • 486 2  -  SIOW Ll SEN DBS says it, too, is offering revised low rates; OCBC says it remains competitive By [SINGAPORE] Hong Leong Finance (HLF) has slashed its HDB home loan rates in a bid to undercut the competition amid a low interest rate
      486 words
    • 365 2  -  RONNIE LIM By Qatari minister, Shell CEO to sign deal tomorrow [SINGAPORE] Qatar's state-owned oil company, Qatar Petroleum International (QPI), is taking a stake in Shell group's chemical joint ventures in Singapore expanding the close business ties the two have in the Gulf kingdom.
      365 words
    • 496 2 Reuters The stake in Taikang has been valued at over US$l b: sources [HONG KONG] French insurer AXA's 15.6 per cent stake in China's No 4 life insurer, Taikang, has attracted foreign and domestic bidders, including Singapore's Temasek Holdings and Blackstone, valuing the holding
      – Reuters  -  496 words
    • 649 2  -  SIOW Ll SEN Households have weathered crisis relatively well: MAS By [SINGAPORE] Singaporeans are getting richer as household debt has risen slower than wage growth, financial crisis notwithstanding. Add high property prices and the reluctance to spend freely and you have household
      MAS estimates  -  649 words
    • THREE-MINUTE DIGEST
      • 75 2 THE failure of Lehman Brothers gave structured products a bad name but wealthy investors are warming to derivative-based solutions again. But events of the past year have left their mark on such products as structures are now simpler and tenors shorter. Barclays Capital's
        75 words
      • 66 2 FURTHER action to cool the Singapore property market may be needed if recent measures to dampen speculation prove insufficient, the Monetary Authority of Singapore said yesterday. "As Singapore emerges from recession and with the market expecting low interest rates to persist for
        66 words
      • 52 2 FROM next year, Singapore and five other members of the Asia-Pacific Economic Cooperation grouping Australia, New Zealand, the US, Canada and South Korea will start a new self-assessment scheme that will make it easier for traders to export their goods to other countries.
        52 words
      • 80 2 HONG Leong Finance has slashed its HDB home loan rates in a bid to undercut the competition, but it seems some banks might have been even quicker on the draw. Yesterday, HLF said its latest HDB home loan rates are 0.50 per
        80 words
      • 48 2 SEMBCORP Industries has finally lined up banks, including some Chinese players, to help finance its US$l billion Salalah independent water and power project in Oman and hopes to seal the deal this month, sources say. COMPANY NEWS, PAGE 7
        48 words
      • 58 2 THE controlling shareholder of Full Apex (Holdings) has proposed to take the China-based company private with an exit offer of 18 cents per share. The offer represents a premium of 38.46 per cent over the last transacted share price of
        58 words
      • 49 2 PREMIUMS growth in Asia's reinsurance industry is expected to outpace the rest of the world as there is potentially higher demand due to low insurance penetration, proneness to natural disasters and its economic resilience, industry players say. SINGAPORE NEWS, PAGE 10
        49 words
      • 83 2 SANDS China Ltd, the Macau unit of billionaire Sheldon Adelson's casino company, plans to raise as much as HK$26 billion (554.65 billion) in a Hong Kong initial share sale, three people familiar with the matter said. The offering consists of 1.87 billion
        83 words
      • 51 2 A CONSORTIUM of investors including Capita Land's former head of retail Pua Seek Guan has signed a deal to buy Katong Mall from Tuan Sing Holdings for $247.6 million. The deal marks one ofthe largest investment transactions in Singapore's property market this year. PROPERTY, PAGE
        51 words
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  • APEC
    • 728 4  -  CHUANG PECK MING Study finds that intra-regional exports, imports larger than EU's By DOES APEC really make a difference to trade among its members? The loose group of 21 Asia-Pacific economies has produced an independent study that answers this question with
      728 words
    • 451 4  -  CHEW XIANG By THE APEC's economic policy report due to be released later this week will focus on regulatory reform to improve business conditions in the region. As tariffs fall across the region, regulatory and other barriers are now posing the bigger challenge
      451 words
    • 350 4 AFP PRIME Minister Lee Hsien Loong has urged fellow Asia-Pacific leaders meeting in Singapore this week to explore new economic growth models that will benefit the poor, according to summit documents yesterday. Mr Lee, host of the Asia-Pacific Economic Cooperation (APEC) meetings, said
      AFP  -  350 words
    • 432 4 AFP Freer movement of temporary workers necessary: study FROM nurses to welders, Asia-Pacific economies including the United States and Japan face critical labour shortages if they fail to allow easier movement of temporary workers, a study has warned. The research, commissioned by the APEC
      AFP  -  432 words
    • 547 5  -  CHEW XIANG FLY ON THE WALL By THE metal-de-tecting gantries you have to walk through at airports and in important buildings are great for security. But each is also a puzzle in itself. And that's because these gantries are calibrated to different
      XINHUA  -  547 words
  • Page 4 Advertisements
    • 33 4 |lEuj| The Nottingham MBA The new language of business www.psb-academy.edu.sg mmuuumum mmmm MMmmmmtMimijmiwj^ 11 II TrW* V^V wA I Case Trust KkhS H I_^ 111 I ***** r«l I \W\ mTmm vT^^vM V^
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  • SINGAPORE MARKETS
    • 589 6  -  R SIVANITHY STOCKS Index ends 35.17 points higher; push in last 90 minutes of largely featureless session targets index stocks exclusively TRADERS yesterday bet on Wall Street rising on Monday by first pushing stocks up in this part of the world, followed
      589 words
    • 94 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 112 2 0 0 0 112 2 lanufacturing 86 39 64 14 88 44 78 Commerce 24 13 24 28 14 28 'pt/Stor/Comms 26 27 :inance 21 21 Construction 11 12 10 'roperties 23 13 24
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    • 108 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 31.387 31.387 57.639 57.639 lanufacturing 280.242 17.102 297.344 200.675 1.235 201.910 lommerce 110.244 15.996 126.240 139.313 5.984 145.297 "pt/Stor/Comms 107.031 4.971 112.002 189.600 1.076 190.676 :i nance 28.976 28.976 218.891 218.891 lonstruction 31.102 3.357 34.459 8.665 86 8.751 'roperties
      108 words
    • 103 6 lapitaLand 4.090 lapitaMal 1.680 4-0.020 jtyDev 10.080 4-0.060 lomfortDelGro 1.600 4-0.040 Iosco Corp 1.050 4-0.020 IBS Grp 13.720 4-0.340 :&N 3.780 4-0.020 ienting SP 1.120 4-0.040 iolden Agri 0.445 4-0.015 IK Land 4.730 4-0.070 IMH 30.600 4-0.100 ISH 17.300 lardine C&C 23.000 4-0.400 Ceppel Corp 8.170
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    • 236 6 Singapore banks DMG PARTNERS SECURITIES, Nov 9 Post-results, UOB upgraded to BUY and DBS upgraded to NEUTRAL. Q3 2009 banks' earnings were above our expectations, and non-performing loan (NPL) ratios have also stabilised. Whilst we expect loans growth to remain mild and core earnings to be unexciting over
      236 words
    • 233 6  -  KEN TAI CHART POINT THE Straits Times Index registered a gain of 25.9 points (+0.98 per cent) last week on the back of the banking sector's performance while small- and mid-caps continued to head south. Despite the recovery of blue chips, the market
      233 words
    • 536 6 Reuters CURRENCIES [LONDON] The US dollar weakened broadly yesterday, pushing the euro above US$l.5O, after a weekend Group of 20 (G-20) meeting and US jobs data last week did little to alter the view that US interest rates will stay low for some
      – Reuters; REUTERS  -  536 words
    • 4 6 DAILY
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    • 62 6 CLOSE IT OB/OS -787.00 +227.C IT CADI -*****.00+175. IT 10-day MA -*****.00 -79.0' TSE ST Mid Cap 618.07 +4.01 TSE ST Small Cap 513.03 +9.4' TSE ST All Share 659.67 +8.1 TSE ST China Top 259.34 +3.8. TSE ST China 284.32 +4.1 TSE ST Catalist 1256.31 +17.0!
      62 words
    • 56 6 VOLUME Gentinq SP 57,401,000 Golden Agri 41,680,000 Ying Li 40,791,000 BanJooW*****2 38,217,000 JiutianC 30,663,000 SingTel 27,316,000 Noble Grp 25,252,000 China Hongxing 22,884,000 BanJoo 22,231,000 EcoWise 21,169,000 VALUE($) DBS Grp 119,286,060 CapitaLand 82,901,380 SingTel 79,199,330 Wilmar 71,214,604 Noble Grp 67,777,430 Genting SP 63,152,850 UOB 42,253,588 Olam 31,984,730 OCBC
      56 words
    • 111 6 BY CENTS CLOSE UP iBXT MSEuroi 10US$ 4306 208.0 3.6 LP 10US$ ***** 158.1 1.1 iBXT FTChina25 10US$ 3240 137.3 3.2 MS India 10US$ 1424 59.6 3.1 "hai Prime Fd 685 55.5 6.2 China H 10US$ 1722 51.3 2.2 lardine C&C 2300 40.0 1.8 iBS Gri 1372 34.0 2.5
      111 words
    • 112 6 CLOSE DOWN iBXT FTVietnam 10US$ 5181 -92.9 -1.3 iBXT S&P Short 10US$ 5663 -51.3 -0.6 •ain irm 599 -12.5 -1.! iBS BNPePW*****8 10 -8.5 -45.9 iBXT Ni 10US$ ***** -8.3 -0.1 ilanMBLeCW***** -5.0 -71.. IsuFuChi 175 -5.0 -2.8 305 -5.0 -1.i "PV 98 -5.0 -4.9 CRBNonEn' 0US$ 223 -4.2
      112 words
    • 80 6 iere S! stands Nov 9 CHNG CLOSE FRNOV6 YR2009 S$ LOW S$ HIGH ISS 1.3862 0.43 1.5579 1.3862® iuro 2.0793 -0.28 2.0952 1.9150 'ounds 2.3288 -0.70 2.4366 2.0356 1.2864 -0.75 1.2900 0.9453 'en* 1.5416 -0.23 1.7278 1.4831 liah* 0.***** 0.00 0.***** 0.***** !aht* 4.1628 0.20 4.3390 4.1040 •eso* 2.9152
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  • Page 6 Advertisements
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  • COMPANY NEWS
    • 373 7  -  RONNIE LIM By Financing in place, company hopes to seal project deal this month: source SEMBCORP Industries has finally lined up banks, including some Chinese players, to help finance its US$l billion Salalah independent water and power project (IWPP) in Oman
      373 words
    • 281 7  -  WINSTON CHAI By THE iPhone will no longer be a differentiating factor for local telcos as Star Hub becomes the last operator in Singapore to take a bite at Apple's coveted handset. The touch-screen gizmo that launched a thousand queues globally will go
      281 words
    • 352 7  -  CHEW XIANG I By AUSTRALIAN researchers studying the impact of a number of Singapore Ex-change-traded index futures say trading of futures in satellite markets benefits the home market as well. The Capital Markets Cooperative Research Centre study "suggests that despite the
      352 words
    • 470 7  -  EMILYN YAP It will issue 115 m new units through private placement By MAPLETREE Logistics Trust (MapletreeLog) yesterday launched a private placement to raise between $79 million and $82 million for acquisitions. It plans to issue 115 million new units, which represent 5.9 per
      470 words
    • 326 8  -  NISHA RAMCHANDANI By Offer of 18 cents a share at 38% premium over last traded price THE controlling shareholder of Full Apex (Holdings) has proposed to take the China-based company private with an exit offer of 18 cents per share. Guan Lingxiang
      326 words
    • 270 8  -  ONG BOON KIAT By CREATIVE Technology yesterday unveiled the most powerful chip under its fledgling Zii stable adding more impetus to the MP3 player maker's new business of supplying low-powered and multimedia-savvy computer chips and components to electronics makers worldwide. The new chip
      270 words
    • 453 8  -  VINCENT WEE By RICKMERS Maritime, the last shipping trust to report its third-quarter results, decided to stay conservative in income distribution despite posting steady results for the three months ended Sept 30. The group decided to maintain its
      453 words
    • 324 8  -  NISHA RAMCHANDANI By TUNG Lok Restaurants posted a loss of $871,000 for the first six months ended Sept 30 as the operating environment remained challenging, narrowing from a $2.44 million loss for the corresponding period last year. Net loss per share fell to
      324 words
    • 323 8  -  VINCENT WEE By IN line with the rest of the container shipping industry, Neptune Orient Lines continued to see its container shipping volumes bounce back in its latest operational report. For the four-week period from Sept 19 to Oct 16, NOL reported that container
      323 words
    • 459 8  -  LYNETTE KHOO By LIFTED by more residential sales, property groups China New Town Development Company (CNT) and Pan Hong Property Group have swung back to profitability for the July-Septem-ber quarter from net losses a year ago. CNT, a new town developer,
      459 words
    • 332 8  -  OH BOON PING By EXPLOSIVES maker Fabchem China has reported a ten-fold jump in its net profit to 10.8 million yuan (552.2 million) for the second quarter ended Sept 30, thanks to higher sales and net margins. The three months saw revenue jumping more
      332 words
    • 496 8 Nine months ended Sept 2009 Three months ended Sept 2009 1 Rickmers 82.54 I 56.661 ASJ\ 152.931 102.59 49.1 27.10 19.87 I 36.4 53.82 37.53 43.4 2 ChinaNTown 61.63 -95.11 nm 235.50 165.76 42.1 58.75 -96.74 nm 173.58 73.91 134.9 3 QAFLtd 44.16 -18.60 nm 618.11 632.80
      496 words
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  • Page 9 Advertisements
    • 196 9 L iwj revo'ves around you l^r-i Mexico and Central America's leading airline, MEXICANA will 1 I become part of oneworld®, the world's leading quality airline ¥4f \1 alliance, offering oneworld's full range of benefits. Mexicana *4 began its operations more than 87 years ago and it has the fourth longest
      196 words

  • SINGAPORE NEWS
    • 543 10  -  LYNETTE KHOO Reasons include higher demand due to low insurance penetration By PREMIUMS growth in Asia's reinsurance industry is expected to outpace the rest ofthe world as there is potentially higher demand arising from low insurance penetration, proneness to natural disasters and
      543 words
    • 295 10  -  UMA SHANKARI By THE number of job advertisements placed in Singapore for professionals rose 13.3 per cent in the third quarter of this year from Q2, according to The Robert Walters Asia Job Index. Climbs were also seen in other major Asian economies.
      295 words
    • 206 10 AFTER seven years at the helm of the Singapore Indian Chamber of Commerce and Industry (SICCI), chief executive Predeep Menon will step down at the end of the year. Mr Menon, who previously worked for MNCs such as General Electric and
      206 words
    • 335 10 Harvard is world No 1 in widely used Chinese ranking HARVARD University in the United States is once again the world's top university, according to this year's edition of a widely used Chinese ranking of higher education institutions. All the top 10
      335 words
    • 773 11  -  OH BOON PING Only China, Japan, Taiwan and India among top 20 in gold accumulation By DESPITE the recent buzz generated by India's purchase of 200 tonnes of gold, emerging Asia is still a new kid on the block when it comes to gold
      AFP  -  773 words
    • SINGAPORE ROUNDUP
      • 107 11 THE Urban Redevelopment Authority yesterday awarded a 99-year leasehold condo site in Upper Thomson Road to top bidder Treasure Well Investment. BT reported that the company is part of Hong Kong tycoon Li Ka-shing's Cheung Kong group, quoting the general manager ofthe group's Singapore-based
        107 words
      • 52 11 THE Housing Development Board yesterday launched a landed housing site at Westwood Avenue, Jurong West, for sale by public tender. A developer has committed to a minimum bid of $15 million for the 14,098.9 sqm, 99-year leasehold site. The tender closes on
        52 words
      • 132 11 THE Ministry of Health will conduct an island-wide national health survey from March to June next year. The survey will focus on major health problems such as diabetes, high blood pressure and associated risk factors like smoking and obesity. Interviewers from a research
        132 words
      • 119 11 OFF-PEAK cars will now be able to buy electronic day licences (e-day licences) after the Land Transport Authority announced in late August that the e-day licence will replace the current paper licence from Nov 23. The licences can be bought through existing physical channels such
        119 words
    • 367 11  -  FELDA CHAY By LUCITE International has shortlisted Singapore as one of the locations for its second facility that uses its patented Alpha technology to produce acrylic in a high-yield, low-cost manner, the company said yesterday at the official opening ceremony of its environmentally friendly
      367 words
  • Page 10 Advertisements
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  • Page 11 Advertisements
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  • SME Inc
    • 988 12 Founders of V-KOOL, which specialises in making films for glass panels to reduce heat getting through, are lauded for their franchising strength, says JUSTIN CHAN ANDREW Kwan and Wee Hian Woon have a number of businesses here, some more familiar to the public than others.
      JOHN HENG  -  988 words
    • 941 13  -  RICHARD TAN WINNIE ANG COMMENTARY For your business to remain resilient, contingency measures need to be in place .Bx! and FOR many small and mediumsized enterprises (SMEs), running a lean operation and optimising the use of people and other resources is vital to remaining
      REUTERS  -  941 words
    • 358 13 By TEH HOOILING BLUE chip stocks snapped out of a losing streak to end the five trading sessions to yesterday with a 1.8 per cent gain at 2,693.38 points. Banks and Singapore Airlines were among the top gainers yesterday. Unfortunately, the enthusiasm didn't quite spill over to
      358 words
    • 664 13  -  CHEN HUIFEN I By Attracting, retaining talent is just as important: author PASSION may be the most important ingredient to sustaining and growing a successful business, but it needs to be matched by a leadership style that is attractive to talent, according
      664 words
    • 394 13 THERE is a large discrepancy between how small and medium sized businesses (SMBs) perceive their disaster readiness and their actual level of preparedness, according to a report by Symantec Corp. The global study, which surveys 1,657 companies worldwide, found that 82 per cent of respondents
      394 words
    • 743 14 NOVEMBER 2 was a day of celebration for recipients ofthe Enterprise 50 Awards 2009, an annual honour roll for the top privately owned companies in Singapore. Jointly organised by The Business Times and KPMG in Singapore, the E5O Awards recognises the cream ofthe crop among
      JOHN HENG  -  743 words
    • 1555 15  -  Cheryl Tong THIS WEEK'S TOPIC The government said recently that the services sector is expected to be a key economic driver next year. Is your company looking to branch out into the services sector or new services segments? Managing Director (PowerPßO) Pursuit Pte Ltd UNEMPLOYMENT
      FILE PHOTO  -  1,555 words
    • 387 16 Newtel finds the services standard comprehensive THE business excellence framework developed by Spring Singapore was aimed at local firms but has found a fan as far away as Mongolia. Ulaan Bataar-based telecommunications company Newtel is the first foreign firm to adopt the business
      387 words
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  • Page 13 Advertisements
    • 167 13 OCBC Enterprise Banking m ■tf&^m, jW^ K^'\ Let stalk about gaining easier control over your V______fl_fl A business transactions. w\^ At OCBC Bank, we know keeping abreast of business ™J developments while keeping track of your cash flow is tough. That's why we offer a comprehensive suite of convenient business
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  • Page 16 Advertisements
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    • 267 16 ____SI IHi-______i__S__^_s^*S-^>f-_*f.;.<<3fl; tM______K_m_sp_v?'^:. I am a man making tradition taste new again George Quek Bread Talk 1 mm* si V.v,.*. your bank raring to support alternative points of view v YI'JM Ixl E3_9 For a forward-looking partner, start a conversation with us. He did it with Bread Talk, Food Republic,
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  • Page 16 Miscellaneous
    • 103 16 SME Next week's topic: "The tripartite partners recently called for companies to reinstate wages and review compensation cuts imposed during the downturn. Do you think the advice is timely in present economic conditions? What does your company plan to do?" If you are an SME owner or leader, we would
      103 words

  • Page 17 Advertisements
    • 669 17 One developer is shaping the present ir J| B^___^^* _-__-rP^-_-__fl '^fl _____^__%v^^' !'"_^l ____Kl_P_»W*!^« i i h H!!JJI^JJJ^^!IJF^--_--E _____i^^^^b^^^^-__l^^^ -_-_-_!---Ab^^^t... E^jjjii^ljjijl ll_.^^^^K w# A w-F_----i^^i^^^^i^i^^^^i^i^^^^--.^^fl^^r^^^B jßSet^v"Nicss.^' _fl .-^v^B nF^MLij-^t'c^-irTT^'ij^&j^^S^fr^r^ v^ -'"f j*--^^? BSMi™^ I L^H VJ 11 [CI I -BCI II 111 11 kT_fl I# I *****11 l mWkmmVm *****
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  • ECONOMY WATCH
    • 196 18 Reuters [SHARM EL-SHEIKH, Egypt] China hopes that the United States will keep its deficit to an appropriate size to ensure basic stability in the US dollar exchange rate, Chinese Premier Wen Jiabao said on Sunday. "We have seen some signs of recovery in
      Reuters  -  196 words
    • 653 18 MD denies Fund is working on a tax on financial deals, called 'Tobin' tax [PARIS] The International Monetary Fund (IMF) is exploring the idea of making banks pay insurance fees to fund any future rescues in the sector, IMF managing director
      REUTERS  -  653 words
    • 507 18 Reuters G-20 takes no action on rebalancing global money flows [LONDON] The US dollar may come under renewed pressure from emerging market currencies and the euro after a meeting of the world's top finance officials failed to take concrete action on rebalancing global money flows.
      – Reuters  -  507 words
    • 351 18 -Reuters [NEW DELHI] It is premature for Asian central banks to begin exiting from their extraordinarily loose monetary policies given the fragility of economic recovery, a top official with the Asian Development Bank said yesterday. Rajat Nag, managing director general of the ADB,
      -Reuters  -  351 words
    • 311 18 [NEW DELHI] India may be among the first Group of 20 nations to begin winding back fiscal stimulus after Prime Minister Manmohan Singh said faster economic growth would allow the measures to be withdrawn. "There are clear signs of
      311 words
  • Page 18 Advertisements
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      59 words

  • MALAYSIA/INDONESIA 21
    • 469 19  -  S JAYASANKARAN By in Kuala Lumpur GM decided on split last week amid disagreements, say car industry execs A TWO-YEAR partnership between General Motors (GM) and Malaysian conglomerate DRB-Hicom to distribute the US carmaker's Chevrolet brand in Malaysia could be terminated
      FILE PHOTO  -  469 words
    • 320 19 Bloomberg [KUALA LUMPUR] Malaysia will target average annual economic growth of about 6 per cent when the nation recovers from its recession, less than the pace needed to achieve the country's development goal, Prime Minister Najib Razak said. "I have to be realistic
      – Bloomberg  -  320 words
    • 342 19 -AFP New pact provides legal framework for future cooperation [JAKARTA] Indonesia and the European Union signed a joint partnership agreement yesterday aimed at strengthening economic and political ties between the regional bloc and South-east Asia's largest economy. The Partnership and Cooperation Agreement (PCA)
      -AFP; AP  -  342 words
  • Page 19 Advertisements
    • 2838 19 -------V °_-9wi?^iTH^sl9J^------------------------------------------IN THE MATTER OF I r, ->k THE COMPANIES ACT, CAP. 50 sav^sS asi rl?£. Llfeßrandz (Co. Regn No. *****4950H) l_i i v_/_-_-i __ii iv_i-_ H U. (IN MEMBERS'VOLUNTARY LIQUIDATION) LIFEBRANDZ LTD mj^»- CNVIROHUB HOLDINGS LTD At an Extraordinary General Meeting of the (Incorporated in The Republic of Singapore)
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  • Page 20 Advertisements
    • 362 20 mWJLm^I I W-1 m^\^mimA<M Af Af ll ill of the Singapore Business Awards a^L m For its 25th Anniversary, the Singapore Business fl fl MM Ay mMT^^m\ Awards is going to be bigger and better than ever. W^ fl The SBA acknowledges outstanding individuals M W\ and companies in four
      362 words

  • GREATER CHINA/INDIA
    • 696 21 Bloomberg Fundraising to help Las Vegas Sands restart construction on resort in Macau [HONG KONG] Sands China Ltd, the Macau unit of billionaire Sheldon Adelson's casino company, plans to raise as much as HK$26 billion (554.65 billion) in a Hong Kong initial
      – Bloomberg; AP  -  696 words
    • 520 21 Govt's handling of economy during crisis wins praise [BEIJING] A leading ratings agency yesterday gave China a vote of confidence ahead of a visit by US President Barack Obama, praising the government's handling of the economy during the global financial crisis. Moody's Investors Service
      520 words
    • 342 21 Reuters [NEW DELHI] India's long-stalled reforms to its financial sector gained momentum on Sunday after Prime Minister Manmohan Singh said he would push through legislative changes, including the insurance sector which foreign players are eyeing. Investors have been keenly awaiting signs of a
      – Reuters  -  342 words
  • Page 21 Advertisements
    • 104 21 Swiss quality also stands for knowledge. Ensuring your success with global mailings. "I^____r*^^^'___fl___^__f fl B^B IP WmMMMm--*-A^w m\ "J^jtSei. Apt -'ML M^- Swiss Post offers you cross-border mailing \sX^^____ options to make your business even vSKCx^jSoSH^^ more successful. You can count on us for daily mail, direct mailings, newspapers, ____fe-ii.
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      560 words

  • ASIA-PACIFIC/WORLD
    • 497 22 Reuters Analysts cite executives' cash-flow problems in wake of crisis [NEW YORK] US corporate bosses are likely to sell more of their companies' stock through the end of the year, but that does not mean stock prices have topped. Insider
      – Reuters  -  497 words
    • 238 22 Reuters [SEOUL] South Korea is seeking to introduce a poison-pill clause in commercial laws to protect companies against unsolicited takeover bids and to encourage them to spend more money on investment, instead of defending their management. The Justice Ministry said that it
      – Reuters  -  238 words
    • 721 22 Bloomberg [NEW YORK] Berkshire Hathaway Inc said "the credit crisis has abated", bolstering the firm's earnings potential after chief executive officer Warren Buffett agreed to pay US$26 billion and take on debt to fund his biggest takeover. Improvements in the creditworthiness of US companies
      – Bloomberg; AFP  -  721 words
    • 496 22 Bloomberg [NEWYORK] Comcast Corp and General Electric Co have agreed to value GE's NBC Universal at about US$3O billion as they discuss creating a joint venture to own the entertainment division, according to three people familiar with the matter. Vivendi
      – Bloomberg  -  496 words
    • 190 22 Bloomberg [SYDNEY] AXA Asia Pacific Holdings Ltd, the Australian unit of France's biggest insurer, rejected an unsolicited US$lO billion bid from parent AXA SA and wealth manager AMP Ltd in Asia's largest takeover offer this year. Sydney-based AMP bid A 55.34 in cash
      Bloomberg  -  190 words
    • 805 23 Reuters But it needs to ensure demand at home is strong enough to support its economy once exports falter [TOKYO] South Korea has done half the work to avoid the "Japan trap" of relying on foreign demand and overprotecting exporters as its embrace of
      – Reuters  -  805 words
    • 491 23 Reuters [BERLIN] Chancellor Angela Merkel hailed the courage of East Germans who helped topple the Berlin Wall as leaders converged on the German capital to celebrate the 20th anniversary of an event which marked the end ofthe Cold War. Images of
      – Reuters; AP  -  491 words
    • 421 23 Reuters Kraft turns hostile in USsl6.4b offer; no plan to sweeten it [LONDON] Kraft Foods chief Irene Rosenfeld stuck to her guns in the pursuit of candy maker Cadbury, refusing to sweeten her US$l6.4 biUion bid on Monday and taking it directly to Cadbury shareholders.
      – Reuters  -  421 words
    • 201 23 Bloomberg [LONDON] London's economy is recovering faster than the rest ofthe UK from the country's worse recession since World War II and posted the strongest growth in almost three years in October, Markit Economics said. An index of manufacturing and services industries in London
      – Bloomberg  -  201 words
    • 137 23 Reuters [HELSINKI] Top cellphone maker Nokia said on yesterday it would replace 14 million chargers made by China's BYD Co Ltd, saying the chargers could fall apart. "We are undertaking this exchange programme as a proactive, precautionary measure. We are not aware of
      Reuters  -  137 words
    • 470 23 -AF.P [LONDON] Gold prices hit a record above US$l,lOO yesterday with the dollar weakening after a pledge by G2O countries to keep economic recovery pumped up with easy money. In morning trading in London, gold struck an all-time peak of U551,109.50 an
      -AF.P  -  470 words
  • Page 22 Advertisements
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  • Page 23 Advertisements
    • 193 23 <jjjjn 4 sll!fer-to<jgs?_> Winter Golf Swing Novelty frsi,sBB -G,r i^itiiinjf'rfnilTill *2W SQ ticket SIN-Taipei zztattlufL frSZ-000 3N 4-star hotel accom 1 way CI airticket SIN Taipei 3 breakfasts in the hotel 1 way CI airticket Kao Shiung SIN 1 welcome dinner '3 nites in Taipei, 2 nites in Kao Shiung
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  • EDITORIAL & OPINION
    • 480 24 AFTER a slump lasting more than a year, the airline industry is showing signs of a turnaround. In its most recent industry survey, the International Air Transport Association (lata), whose members account for 90 per cent of global commercial traffic, noted that
      480 words
    • 1194 24  -  LEON HADAR It's part of effort to counter impression from Bush days that US is retreating from region ONE of the complaints made by officials and pundits across the Pacific, and especially in South-east Asia, during the eight years that ex-president George
      AFP  -  1,194 words
    • 783 24  - Beware of low interest rates they may bubble over ROBERT SAMUELSON THE BOTTOM LINE WHEN Nouriel Roubini talks, the world listens. Prof Roubini is, of course, the once-obscure New York University economist whose dire warnings about a financial crisis proved depressingly prophetic. Last week, Prof Roubini was shouting. Writing in
      783 words
    • 1087 25  -  SHARAD SOMAN I Infrastructure development and smart procurement are the way to go in the Asia-Pacific By THE 21-nation Asia Pacific Economic Cooperation (APEC) economies account for over half of the world's gross domestic product (GDP), and comprise a good combination of developed economies, fast-growing
      REUTERS  -  1,087 words
    • 404 25 LETTER TO THE EDITOR I REFER to the editorial, "Unsteady pace of recovery worrying" (BT, Nov 6). Economic recoveries are often unnerving. This is not surprising, given the tendency to extrapolate from past events. After a recession, it is more likely for economists to view
      404 words
    • 856 25  -  WILLIAM PESEK JR IT'S a, well, golden opportunity. Investor Jim Rogers thinks gold will double to at least US$2,OOO an ounce. Economist Nouriel Roubini says that's "utter nonsense". As these well-known market personalities duke it out, they're doing us a favour by highlighting
      856 words


  • AVIATION/SHIPPING
    • 408 26 Cancelling it would undermine the Greek government's credibility [ATHENS] Greece cannot backtrack from a disputed port deal with Chinese transport operator Cosco that has sparked recurring strikes from protesting dockworkers, the Greek economy minister said on Sunday. "There is no legal way to cancel
      408 words
    • 442 26 Falling demand puts brakes on planned tie-up with IHl's ops [TOKYO] JFE Holdings Inc's shipbuilding unit, Japan's second-largest by output, said plunging demand means it needs more time to assess a planned merger with IHI Corp's operations, 19 months after the tie-up
      442 words
    • 228 26 [PARIS] Air France-KLM passenger traffic fell 4.1 per cent in October but the airline slashed the number of available seats by 5.6 per cent, allowing it to fill its planes further. The Franco-Dutch group said the passenger load factor, or proportion of seats
      AFP  -  228 words
    • 334 26 Across I Gives permission for bit of bridge needing impressions (6-6) 8 The best company at producng cold weather gear (7) 9 Staked one million pounds initially on bad deal (7) II Went first for such a voter (7) 12 Sales talk about a new implant for canine
      334 words
    • TRANSPORT STOCKS
      • 131 26 '000 Vol lov9 CH Offshore Chuan Hup Hldgs Cosco Corp CWT Ltd Ezra Hldgs First Ship Lease Freight Links Grand Banks Jaya Hold Ltd KWentures Keppel Corp Mercator Lines MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Man Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.69
        131 words
      • 47 26 '000 Vol lov9 MS nt'G Logistics MISC Bhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0 99 8 85 8 82 3 08 3 12 unch 0 09 -0.01 0.01 -0.08 -0.04 unch unch unch 134 308 89 125 37 0 2380
        47 words
      • 15 26 lov9 to lit Vol Precious Ship Regional Cont 19.20 11.40 0.50 0.40 6005 1292
        15 words
      • 13 26 lov9 HK$ Vol joil ungamas Cont 38.00 ..1.52 0.15 0.03 743 8520
        13 words
      • 24 26 lov9 Peso Vol Aboitiz Equity ntl Container Keppel Marine Keppel Prop 8.20 20.25 1.94 1.20 -0.20 -0.75 unch unch 57 102 5 71
        24 words
      • 24 26 lov9 HT$ Vol Evergreen Marine ....16.45 :irst Steamship 46.25 ManHai Lines 15.35 rang Ming Marine...11.45 unch 0.55 -0.15 0.15 6 5 2 3
        24 words
      • 42 26 '000 Vol lov9 Yen Kawasaki Hvy Ind ..219.00 2.00 ***** Kawasaki Kisen 328.00 -6.00 5095 Mitsubishi Hvy 315.00 -1.00 ***** MitsuiEng&Sbldg...237.00 2.00 4067 MitsuiOsk Lines 535.00 -9.00 ***** Nippon Express 388.00 16.00 7360 Nippon Yusen 327.00 -9.00 ***** Source: Thomson Reuters
        42 words
    • 189 26 [YANGON] Officials of the International Civil Aviation Organization (ICAO) will visit Myanmar early next year to inspect the safety status of the country's air transport at Yangon International Airport, sources with the civil aviation department said on Sunday. The ICAO inspection will be
      189 words
    • 411 26 [LONDON] Traders increased the amount of heating oil and jet fuel stored at sea last month as declining freight rates made the transaction more attractive, said Simpson Spence Young Ltd, the world's second-largest shipbroker. Traders had 112 tankers with a
      411 words
    • 2791 26 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: 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:
      2,791 words

  • SINGAPORE STOCKS
    • 8877 27 Transaction date: Nov 9 Hii !-wks Tel Low Code Comj Sale ('OOP) Hii Low BUJ Seller C'vr P/E $mil 17 3 3148 -Telecom 9.5 2.5 5834 A-Sonic 34 15 5000 ABR Hldgs 15.5 5.5 1938 AEI Corp 8 1 1100 AEM.. 23 7.5 2101 APOil 93 35 5550
      8,877 words
    • 1673 28 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E $mil 10 5 1181 s AAGrp 25 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 2 3480 t Adventus 20 8.5 3518 t Afor 12.5 2 1524 t Alantac 11 3.5 7814 t
      1,673 words
    • 392 28 Low Code Comi Sale ('000) Low Bui Seller C'vr P/E imil 111 101 6389 ABF SG Bond ETF 108 807 427 CIMBAsean40 100US$ US783 276 149 DBS STI ETF 100 270 +3 4627 3534 DBXT DJE50 10US$ US4226 3240 1682 DBXT FTChina25 10US$ US3240 +99 5819 3228 DBXT
      392 words
    • 261 28 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
      261 words
    • 9359 28 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.065/ AIGIF S'pore Bond Fund/A 1.358/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.09/ APS Alpha Fund (USD)!** 0.78/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXAWM -Talents
      9,359 words
  • Page 27 Advertisements


  • FINANCE & COMMODITIES
    • 373 29 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Nov6 World Index Preliminary 795.1 0.1 17.3 0.1 18.8 0.2 22.9 t EAFE Preliminai 748.5 0.3 15.3 0.4 21.4 0.5 25.! Euro[ Prelim inan 1074.2
      373 words
    • 132 29 As at 9am Nov9 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2740 1.3130 Can dollar 1.2900 1.3060 Euro 2.0590 2.0840 NZ dollar 1.0130 1.0350 jterlini ind 2.3050 2.332I US dollar 1.3830 1.4000 Local dollars to 100 units of foreign currency:
      132 words
    • 23 29 Nov9 STI Nov 2689 SIMSCI Nov 317.3 322.4 322.4 Taiwan Nov 271.1 275.5 273.7 Source: MF Global (S) He. Ltd
      23 words
    • 173 29 Nov9 Overnight 3/8 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 0.28 US$ Offer 1/4 3/16 5/16 7/16 BJd 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.24 0.32 0.30 0.37 0.60 0 90 1.15 Offer 0.19 0.22 0.25 0.27 0.50
      173 words
    • 20 29 Nov9 Bid Offer 1-month 1.3867 1.3882 2-months 1.3870 1.3885 3-months 1.3872 1.3887 6-months 1.3876 1.3892 Source: OCBC
      20 words
    • 60 29 Nov6 Delivery Month Opening Range Sett Av Price Price Hi Vol Open Done Position Low Nov09 2180 2169 2180 2160 10 115 Dec 09 2234 2215 2242 2210 949 ***** Jan 10 2260 2246 2275 2230 5838 ***** Feb 10 2298 2268 2298 2253 1880 ***** Total o/p:
      60 words
    • 276 29 Nov9 EURODOLLAR FUTURES DecO9 Mar10 Jun10 Sep10 99.7100 99.5750 99.3350 98.9800 7422 6386 3524 4112 EUROYEN TIBOR FUTURES DecO9 99.500 99.505 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 99.500 99.500 99.530 99.530 99.510 99.450 99.365 99.305 99.305 620 100 1 4553 3629 1786 1658 842 562 52
      276 words
    • 169 29 Nov9 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Dec 09 246.5 Jan 10 Feb 10 Mario 247.0 Apr 10 May 10 248.0 245.0 247.0 248.0 246.5 248.0 248.0 248.0 248.5 248.5 48 40 20 1 TSR 20 (US
      169 words
    • 82 29 Nov9 Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****N 11.02.2010 1-Year BY*****N 01.11.2010 0.43 0.55 0.45 0.36 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****H 3.625 5-Year N*****0N 1.375 7-Year N*****0S 2.875 10-Year NX*****W 2.500 15-Year NY*****H
      82 words
    • 99 29 Nov6 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Nov09 948.00 967.00 978.00 948.25 Jan 10 955.00 972.00 985.00 955.00 Mar10 960.25 976.75 989.00 960.00 May 10 961.25 976.00 989.75 961.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 09 36.77 37.18 37.49 36.41 Jan 10 37.20
      99 words
    • 76 29 CRUDE OIL PRODUCTS Nov6 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 76.23 -2.57 WTI (Near Mth) 77.39 -2.42 Dubai (1-Mth F) 78.55 0.33 Tapis blend 81.05 -0.40 Minas 79.80 -0.45 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 73.90 86.00 0.35 0.90 US$/barrel Opec Oil Basket
      76 words
    • 463 29 Nov9 AS _CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: lustralia 0.987 6.329 0.619 7.185 43.124 87.286 0.836 10.755 3.135 1.258 77.227 43.476 1.286 6.902 0.935 29.994 30.905 0.552 0.927 Canada 1.013 6.411 0.627 7.278 43.682
      463 words
    • 68 29 Nov9 mth 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** 2 mths 1.***** 0.***** ;WAP Offer rates (S$) mth 0.***** mths 0.***** mths 0.***** 6 mths 0.***** 9 mths 1.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs
      68 words
    • 152 29 Nov9 Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2852 1.2868 0.9270 0.9272 Canadian dollar 1.3017 1.3036 0.9389 0.9393 Euro 2.0764 2.0789 1.4977 1.4980 NZ dollar 1.0219 1.0232 0.7371 0.7373 Sterling 2.3264 2.3291 1.6780 1.678: US dollar 1.3864 1.3878 S$IUS$ to
      152 words
    • 134 29 Nov9 /oz) lov lov Hong Kong 1104.50 1091.50 London Nov06 NovOS 1093.55 1089.90 1094.35 1090.70 Source: Thomson Reuters CAST BAR (S$) Nov09 Buying Sellim Kilobar "52,513.46" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1 oz UBS KineharTM 117.7 333.84 597.06
      134 words
    • 70 29 Nov6\ Co iri iiuiii, yy.i (USS/tonne) Close Previous Cash 1877.75 1892.75 3 months 1910.00 1925.00 Copper, Grade A (US$/tonne) Cash 3 months 6469.25 6490.00 6510.25 6531.00 Lead (US$/tonne) Cash 2222.50 3 months 2249.00 2309.50 2335.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3
      70 words
    • 74 29 Nov6 COCOA (Btonne) Close Prev Hii ih/Low Dec 09 2099 2108 2126/2097 Mar 10 2132 2147 2163/2130 May 10 2155 2168 2185/2153 Jul 10 2081 2095 2116/2080 COFFEE (US$/tonne) Close Pev High/Low Nov09 1402 1406 1412/1391 Jan 10 1439 1445 1450/1435 Mar 10 1480 1486 1491/1475 SUGAR (US tonne)
      74 words
    • 2153 29 BONDS, WARRANTS EXTENDED SETTLEMENT Pel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mthi ing Left Asia-Pacific Strategic W*****6 >036 Advance SCT Ltd W*****9 3.5 0.5 1 15 16 4.57 1 87 1650 10.00 5' >4 9 S756#AsiaticGrp(H) Ltd W*****2... 8.5 1 3 -4 1.41
      2,153 words

  • Page 30 Advertisements
    • 2700 30 Am The Business Times mmmm Shipping Times mw^rM MMMTVmSJv tSBvfTVttSSSrSffl H-__-_-i W\ m=\ Ki-MtimMmmmwmmWMSm Direct Calling to TWTPE UK CONTINENT SERVICE U.S.A SERVICE MlUPlf CotllWtlOll Destination Destination ulftjljf Wlllll-" lid if STXPOTBN RTM/ANR/TIL HERON NOL/CDN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia lHllldll I llw UA Oil OUH
      2,700 words

  • Page 31 Advertisements
    • 4697 31 F^^^^^^^^^^^^^^^^^Hn E EASTERN CAR LINER, LTD I I^^^BCDHjM Uf_!!_^__1 SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS B^^g Bjjjj||ailil|iii|B I^^^^H B VOY Romp(KT) Lilling(KT) SIN PKL )KT BN MIRI SUR PCL/PHL SERVICE AMXSERV CE Connecting ECL SERVICE via MALTA WHITE AMANDA 15 Ml 1/711 m jj- bHiTUmTTkLMLAM VESSEL VOY SIN
      4,697 words

  • PROPERTY
    • 437 32 By UMA SHANKARI New owners will spend $55m to redevelop the property [SINGAPORE] A consortium of investors including Capita Land's former head of retail Pua Seek Guan has signed a deal to buy Katong Mall from Tuan Sing Holdings for $247.6 million. The deal marks
      By UMA SHANKARI  -  437 words
    • 282 32 [SINGAPORE] Ho Bee Investment and MCL Land last week sold 51 units at their Parvis condo at Holland Hill at an average price of about $1,480 per square foot (psf). Unlike the recent trend of smallest units in a project selling out
      282 words
    • 334 32  -  KALPANA RASHIWALA By [SINGAPORE] nex, the maU which is being built next to Serangoon MRT Station, will have a dog run the first in a shopping centre here. The 2,000 sq ft run wiU be on the roof garden at the fourth
      334 words
    • 334 32 Reuters [DUBAI] Property prices, rents and transactions in Bahrain's housing market were static in the third quarter, and are likely to remain so for the fourth quarter, CB Richard Ellis said yesterday. "The end of summer and Ramadan should bring some
      – Reuters  -  334 words
    • 140 32 Bloomberg [DUBAI] Saudi Arabia will sing employment fuel deface a "substantial" hou- mand, Deutsche Bank said, sing shortage by 2015 as a The kingdom will regrowing population and ri- quire an estimated 1.2 million additional homes by 2015, compared with a projected
      Bloomberg  -  140 words
    • 353 32 Reuters [MUMBAI] Property services firm Jones Lang LaSalle (JLL) sees its Asian business driving growth next year as the region powers a global economic recovery, a top official said yesterday. The company expects Asia to contribute almost a third of revenue in 2010,
      – Reuters  -  353 words
    • 672 33 Bloomberg This gives central bank scope to raise interest rates for a 3rd time this year [SYDNEY] Australian home-loan approvals rose by the most in six months, increasing the central bank's scope to raise interest rates for a third time this year.
      – Bloomberg; BLOOMBERG  -  672 words
    • 334 33 -Bloomberg [LOS ANGELES] The number of US homeowners who owe more than their properties are worth fell in the third quarter as values stabilised and some homes were lost to foreclosure, Zillow.com said. About 21 per cent of owners of mortgaged homes were
      -Bloomberg  -  334 words
    • 373 33 Bloomberg [BEIJING] China's central bank and banking regulator may "soon" issue measures to limit the use of debt in property purchases after asset prices climbed, a Shanghai official said. Regulators may reduce "leverage ratios", Fang Xinghai, the director-gene-ral of Shanghai's financial
      Bloomberg  -  373 words
  • Page 32 Advertisements
    • 267 32 GCB LAND FOR SALE Good Class Bungalow (GCB) Land at Olive Road Land Area -16,092 sqft (approx. 1,495 sqm) Wide frontage with good depth Elevated land with an unblock view Easy access to PIE CTE and upcoming Bukit Brown MRT Station Near to prestigious schools such as Marymount Convent, CHIJ
      267 words
    • 289 32 LATEST LAUNCHI ©MARINA BAY Premier location within Singapore's new Downtown financial hub Enjoy vibrant Live-Work-Play lifestyle Near Marina Bay Sands integrated resort Next to Downtown MRT Station Spacious apartments 3rm/4rm/penthouses. Area from approx, 1570sqft. Luxuriously appointed with Premium finishing fittings, Private lift to each apartment. Developed by three of Asia's
      289 words

  • Page 33 Advertisements
    • 138 33 We Are The Property Arm Of A SGX-Listed Company With Diverse Interests In Retail, Property And Financial Businesses. We are looking for residential and/or commercial sites suitable for redevelopment, including vacant land, old houses, shophouses, enbloc properties, conservation houses and buildings. We are willing to offer reasonable prices for suitable
      138 words
    • 254 33 RARE COMMERCIAL DEVELOPMENT SITE FOR SALE BY TENDER ■*v Sj£/ Prime location off Upper Thomson Road >>. r~ '&K/' Commercial zoning "^X/ bright*^^ <?/ -Freehold ThomsonV, A Z— _^J^s^Ao/ Site Area approximately 13,387 sq ft Plaza /^A. >_ X_*x r-i i /<f/ /V^J^r, /Sy Possible amalgamation of adjoining o <^msor7V
      254 words
    • 257 33 B-B Emm 'PCrKP HHil|« Lumiere/SYDNEY CBD Trio/QTY FRINGE Lome/NORTH SHORE World-class design by 3.5 km from CBD Close to Chatswood, walk FosteT Partners (UK) Major universities nearby to train station Multi award-winning design Conveniently located near Prestigious private schools Historic precinct shops and cafes nearby Walking distance to Darling Boutique
      257 words

  • Page 34 Advertisements
    • 282 34 H^ jn ______Oi iSfti mb L J#. m :.fiJM__).___w w Come home to Cyan a stunning new residence in the heart of Bukit Timah. A few minutes Bukit Golf Course t Macßitehie Reservoir Park _f _j _j^^,_in_j^- X from the Singapore Botanic Gardens and Orchard Road, Cyan is close to
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  • Page 35 Advertisements
  • Page 35 Miscellaneous
    • 179 35 ?JSS^^™^^_i^_*" _B_B_B£a_»^_^li» jmrnm, ,*s, v_ _fl^____________________r (SlmMmmmMMmmmMW mMmm^mWmMM *\^mt mi^'fT* i-^ __P_P^i^W^^W^M_-^^r^^^W^ '^'^__H H^r 'fl mmw*^*--MMMmmMmmmr^SSmammVMmMWs^mek _Js_i>. -^-■^^HSHMIK 1-_-_----_-__----ra_H _HH _-9_l^___9-l__H <___Hlfiin--------_ -^-^-h-^-^_-_-l n_^_^. —--___J_^_H __^_^_T IVlf I Prime Minister's message Programme of ■fe. 1^ __^I3l____/__Z events 2-3, APEC milestones Advantage fl I \m me t0 ta^e stoc'< move aneac'
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  • APEC SINGAPORE 2009
    • 365 36  -  LEE HSIEIU LOONG From Prime Minister of Singapore I WARMLY welcome aft detegates to Singapore for the APEC Economic Leaders Meeting (AELM). The week-tong AELM caps an eventfut and active APEC caiendar for 2009. As one ofthe founding members of APEC, Singapore is proud to chair
      365 words
    • Article, Illustration
      1075 39  -  alaim oxley Despite the presence of other, sometimes overlapping, pan-regional groupings, APEC still manages to distinguish itself from the crowd. By IT HAS been common for observers to ask if APEC has a future. The question usually asked is: "If regional organisations were like beauty parades, how many
      YEN MENG Jll IM  -  1,075 words
    • 2128 40  -  RICHARD FEINBERG 7 Pragmatic steps can be taken by the 20-year-old APEC to strengthen voluntary multilateralism in the Asia-Pacific. THE formation of APEC in 1989 is best attributed to several factors rather than a single causal variable. In the grand sweep of history,
      7  -  2,128 words
    • 1409 41  -  ravi meimoim WE started preparing for our APEC chairmanship in 2007. I recall the first paper we wrote on our policy deliverables. It was about evaluating APEC's achievement ofthe Bogor Goals, strengthening regional financial markets, and putting in place the building blocks for
      YEN MENG JIIN  -  1,409 words
    • 1252 42  -  PASCAL LAMY APEC members account for over half of the world's GDP and 44% of world trade. FOR the past 20 years, APEC, with its emphasis on economic cooperation, has contributed significantly to the economic vibrancy ofthe region. Its members now account for over half
      PHOTOS: AFP, AP  -  1,252 words
    • 1039 43  -  JEFFREY J SCHOTT APEC's 20th anniversary is a fitting time to remember and reinvigorate the Bogor Goals of economic cooperation. TRADE is the life-blood of the Asia-Pacific economies. The 21 members ofthe Asia-Pacific Economic Cooperation (APEC) forum account for almost 60 per cent of world trade; bilateral
      THE STRAITS TIME FILE PHOTO  -  1,039 words
    • 1052 44  -  TOMMY KOH APEC is 20 years old this year. What has it achieved in the past two decades? Is it still relevant? Should it be drastically restructured? In this essay, I wish to argue that APEC has made impressive progress towards its core mission,
      1,052 words
    • 1477 45 APEC Executive Director Michael Tay talks to vikram khaimiua about the grouping's priorities in the post-crisis world Question: Why is this particular APEC Summit significant? Answer: It has been just over one year since the global financial crisis broke out. One year ago, APEC leaders were
      1,477 words
    • 904 46  -  CHONG SIAK CHING APEC brings together economies that would otherwise not naturally trade with each other. By A FORUM that rallies business leaders and heads of government of 21 ofthe world's most influential economies together to discuss economic cooperation must be good for business. APEC is an
      PHOTOS: AP, REUTERS, BLOOMBERG  -  904 words
    • 1464 47 International business leaders assess APEC's achievements and discuss what they would like to see emerging from the Singapore Summit Hermann Ude CEO, DHL Global Forwarding, Freight Member of the Board of Management Deutsche Post AG THE 2008 APEC CEO Summit in Lima, Peru aligned global political
      PHOTOS OF APEC SYDNEY SUMMIT 2007 (ABOVE) AND VICTOR FUNG (BELOW): BLOOMBERG  -  1,464 words
    • 231 48 IN ITS early years, APEC focused on liberalising trade through lowering tariffs. With significant progress on this front having been made tariffs in the APEC region have fallen to 5.5 per cent from 16.9 per cent the grouping has shifted its focus to what
      PHOTO: YEN MENG JIIN  -  231 words
    • 1032 49  -  hidehiro Koninio With the target year of 2010 approaching for the trade liberalisation of industrialised economies, APEC is challenged anew to put the Bogor Declaration in perspective. By IN APEC's two-decade history, which has no shortage of ambitious declarations, nothing was more controversial than the
      THE STRAITS TIMES FILE PHOTO  -  1,032 words
    • 1359 50  -  ANTHONY ROWLEY How much importance does Japan the host of next year's APEC Summit place on the trans-Pacific grouping? By APEC's future role, as seen by Japan, will be to serve as a kind of outer universe of Asia-Pacific nations while Japan moves within a closer
      1,359 words
    • 2743 51  -  LEON HADAR America's free market model has, since 1993, been challenged by major geo-strategic setbacks and the global financial crisis. By WHEN then US President Bill Clinton convened the first APEC Economic Leaders Meeting in Blake Island near Seattle, Washington, on Nov 19-20,1993, America and the
      THE STRAITS TIME FILE PHOTO  -  2,743 words
    • 1181 52  -  manfred wilhelmy German king THE development of economic, political, social and cultural relations between Latin America and the Asia-Pacific region is an area of innovation in the foreign relations of Latin America. In the economic sphere, the development of trade and investment links reflects the dynamic growth
      BLOOMBERG  -  1,181 words
    • 1128 53  -  JOERGEN OERSTROEM MOELLER APEC, which contains several of the world's most influential economies, is well placed to contribute to solving a number of global problems. By ECONOMIC transactions have gone global, but economic policies are still overwhelmingly the prerogative ofthe nation-states not willing to transfer much
      1,128 words
    • Article, Illustration
      2924 54  -  JOYCELINE TULLY From classic Chinese fare and mouth-watering Peranakan curries to French nouvelle cuisine and progressive tapas-sized nibbles, Singapore serves up a treasure trove of gourmet gems. By IN THE past decade or so, Singapore has morphed from street food paradise into one of the leading gourmet hubs
      2,924 words
    • Article, Illustration
      1052 56  -  JOYCELIME TULLY For bold, fascinating flavours that hit the spot, look no further than Singapore's famous hawker fare. By THE diversity of the Singapore food scene means that one can feast on posh nosh or go cheap and cheerful and still dine like a king. In fact, some
      1,052 words
    • 317 57 Straits Kitchen (halal) Ll Grand Hyatt Singapore, 10 Scotts Road. Tel: 6732-1234 Enjoy a buffet lunch or dinner of popular local dishes in air-conditioned comfort. This halal-compliant restaurant serves up numerous Chinese, Malay and Indian favourites including fish ball noodles soup, nasi lemak,
      317 words
    • Article, Illustration
      1068 58  - OUT ABOUT CHEAH UI-HOOIU AUDREY PHOOIU Go on the heritage trail, pick up a good buy or two, and just unwind, Asian style. By and MUSEUMS IT'S no exaggeration that Singapore's museums are the best in South-east Asia in terms of artefacts as well as their preservation and presentation. So
      1,068 words
    • Article, Illustration
      959 59 Top tippling places for the after dark crowd. By melissa lwee AS RECENT as 10 years ago, Singapore's night life industry was reminiscent of the City's history it was as quiet and unassuming as the little fishing village that the island once was. Top-notch clubbing spots and watering
      959 words
  • Page 36 Miscellaneous
    • 498 36 lß_^3^^M!ill^_M-^^-^^j-__Ml^fe-^M^^!^-^-----.. \ZmmMWM l^jJj^kUl /ApEC CEO Summit "15L"' l?J, N„ GL™£ L°?*L ECONOMY: Singapore 12tol4November2009 [JJJ]]2^3nSn^Eili_____l SESSION THREE SUMMIT DIALOGUE ON GLOBAL ECONOMIC GOVERNANCE 9.00am-5.00pm Registration at Suntec Singapore International Convention and 11.30am-12.45pm "Regulating the global economy for global growth" Exhibition Centre How will the rules ofthe game change? Is big
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  • Page 37 Miscellaneous
    • 39 37 l^ft^Bj^^^^ DAY 2 SATURDAY, NOV 14,2009 i^xil*] I\ll I QjTjTj -ft} A [VM rj M^_tj] -11 ?£iM irj fl ?jffl -1 Wu IMI -Ijl I a __^_^.M.fcTi?iff!Wßfi!iffW^W!Wl!ffll!l^^ E39JBsßßili^.ME^ i wß_niißiffiß_M_i_BHwiiiiai»_------- ■3TrrrrTT¥T3iii«_i»i»i»in33^__i w\ mvMMljmmmmmmM M I _B_f«HlW(^-WS.l»l*MtfJi.M-iI»H[*MIIB Mm* mm [383iElaiiH-ii*--i-!W_H
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  • Page 38 Miscellaneous
    • 773 38 Milestones 1989 Canberra, Australia 2003 Bangkok, Thailand APEC begins as an informal ministerial-level dialogue group with 12 members. APEC agrees to re-energise the WTO Doha Development Agenda negotiations and m——^^-^^^^^^ stresses the complementary aims of bilateral and regional trade agreements, 1993 Blake Island United States fl the Bogor Goals and
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  • Page 60 Miscellaneous
    • 845 60 A quick guide to what's on in Singapore during APEC Leaders' week. Compiled by amaiuda de guzmam SHOW IME! m VICTOR/VICTORIA Ifl >* T^\ LJ Esplanade Theatre. Nov 9-29,8pm V VV. n t^ LJ LJ I Internationaljazz sensation Laura Fygi headlines this Broadway classic about pk- y f-A\ Ml Victoria
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  • Page 61 Advertisements
    • 52 61 The APEC Singapore 2009 +^^jtf Organising Committee would like \.OaW ii thank our partners for their r Jl commitment and support of B the year-long series of APEC meetings. E-F^^W mx^y^M\mm¥f^ mU Xl il mm'mmlr.niMi ■fi J lAI mStmrjM __________m_H(i<MM__l fl" _l 1 I IC JI ______________________________PiPPT^flflflfl^_wJ>flflfl I Sl^ 5_3!/
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