The Business Times, 8 December 2009

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Total Pages: 28
1 28 The Business Times
  • 20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sf!i A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 123/08/2009 Tuesday, December 8,2009
    20 words
  • 816 1  -  YEN SREENIVASAN It buys controlling stakes in Indonesian and New Caledonian brewers, sells Indian units to Heineken By [SINGAPORE] The beer market in Asia was buzzing yesterday as Asia Pacific Breweries (APB) bought controlling stakes in Indonesia's iconic Bintang beer
    816 words
  • Article, Illustration
    168 1 This week, BT celebrates Christmas with the stars. Join us on Dec 11 as we roll out our annual Luxe Christmas magazine a bumper 68-page issue that features exclusive interviews with the brightest names in art, fashion, design, architecture, food and sport. Jeff Koons, Ferran Adria, Marc Newson,
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  • MARKETS DIGEST
    • 84 1 IS$ (S$ per US$) 1.389 (US$/S$ per 1.644 2.283 :uro (USS/SS/E) 1.487 2.064 Foreign currency per US$ S$ 'EN 89.80 64.70 3.393 2.443 IK$ 7.750 5.581 !AHT 27.64 19.91 1UPIAH 9,440 6,798 1ENMINBI 6.829 4.918 INDIAN RUPEE 46.46 33.46 1.094 0.788 1 COMP 1,265.36 -4.84 IIKKEI225 10,167.60 +145.01 IANG
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    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 14.728 TAIWAN 4.696 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 11.75 Source:
      Bloomberg  -  29 words
  • 650 1 AP, Reuters This could be best last chance for a deal, 192 nations warned [COPENHAGEN] The largest and most important UN climate change conference in history opened yesterday, with organisers warning diplomats from 192 nations that this could be the best last chance
    AP, Reuters  -  650 words
  • Page 1 Advertisements
    • 122 1 8 *****1 *****4 /Nsk^f£ SANTA'S SHOP AT MEZZA9 •> Awm kr' n 9 nome festi ve flavours of the season from mezza9 and select from wl I BE. delicious roasts, savouries and desserts that make up the perfect festive menu. Mf F\ fl surprise your friends and loved ones with
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  • Page 1 Miscellaneous
    • 46 1 Jfc^, OPINION PROPERTY ,-g SME Inc JOBS OUTLOOK m Irate Americans Kedah defers introduction .HJSjF-^ j Fabchem on steady Hirings in 2010 seen J 0^ want Bernanke out of housing quota policy iwlvC, growthpath hitting pre-crisis levels PAGE 20 PAGE 28 L^:^****- PAGE 9 PAGE 8
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 62 2 THE beer market in Asia was buzzing yesterday as Asia Pacific Breweries bought controlling stakes in Indonesia's iconic Bintang beer and a leading New Caledonian brewer from Heineken. The deal, worth up to $484.4 million, could boost APB's bottomline by a
        62 words
      • 48 2 THE largest and most important UN climate change conference in history opened yesterday, with organisers warning diplomats from 192 nations that this could be the best last chance for a deal to protect the world from calamitous global warming. FRONT PAGE
        48 words
      • 62 2 AFTER a slow start in the first quarter, investment sales of Singapore real estate gathered pace, with a year-to-date tally of about $9.4 billion, although CB Richard Ellis estimates the full-year figure will come in just above $10 billion. Still, that would only
        62 words
      • 60 2 FIRST Ship Lease Trust has put plans to issue up to US$2OO million senior notes on hold amid poor investor sentiment. FSLT had said when it announced the notes issue last month that the proceeds would be used to repay existing
        60 words
      • 58 2 THE so-called "Chapter 9" laws governing related party transactions here should be reviewed to maintain their relevance, industry professionals at a roundtable discussion of the issue said yesterday. What would provide stronger backing for independent directors would be a clearer set of
        58 words
      • 63 2 HIRING momentum here is steadily picking up, according to the latest employment outlook survey by the Singapore arm of global human resource consultancy Manpower Inc, released yesterday. The new year should bring job prospects that match pre-crisis levels, as the survey results show
        63 words
      • 47 2 THE Obama administration expects the cost of the Troubled Asset Relief Program to be US$2OO billion less than projected, helping to reduce the size of the budget deficit, a Treasury Department official said on Sunday. ECONOMY WATCH, PAGE 12
        47 words
      • 69 2 DUBAI moved yesterday to ring-fence prized assets from the US$26 billion debt restructuring of Dubai World, ahead of talks between the struggling conglomerate and key creditors. Dubai's finance chief said yesterday that state-controlled Dubai World might sell some assets to finance its
        69 words
    • 483 2  -  SIOW LI SEN Affluent S'poreans have cut down on consumption: survey By [SINGAPORE] Affluent Singaporeans are the biggest savers in Asia despite being wealthier than they were six months ago, a survey has found. They save 33 per cent of their monthly income, up
      483 words
    • 1034 2  -  KALPANA RASHIWALA LOOKING AHEAD TO 2010 Analysts expect 2010 to be better, with investment sales of $15-s2ob By [SINGAPORE] After a slow start in the first quarter, investment sales of Singapore real estate gathered pace, with a year-to-date tally of about $9.4 billion,
      1,034 words
    • 498 2 -AFP, Bloomberg [LONDON] The British government is considering slapping a "supertax" on bankers' bonuses amid fears of a lavish season for senior staff despite the global financial crisis, reports said yesterday. Finance Minister Alistair Darling is mulling the levy on bankers handed bonuses
      -AFP, Bloomberg  -  498 words
    • 478 2 Bloomberg [NEW YORK] The US Treasury Department aims to hold off on selling its 34 per cent stake in Citigroup until the bank and regulators agree on a broader plan to repay all obligations remaining from last year's US$45 billion government
      Bloomberg  -  478 words
    • 744 3  -  I JOYCE HOOI COMMENTARY Singapore has its act together on global warming, picking a position that few will be able to fault By [SINGAPORE] N WHAT promises to be the most contentious climate I change conference in years, Singapore's representatives are probably sitting with
      744 words
    • 475 3 -AP HERE are the climate pledges made by some of the countries before the summit: US: President Barack Obama has pledged cutting emissions by 17 per cent from 2005 levels by 2020. That represents a 3-4 per cent cut from 1990 levels the benchmark used by
      -AP; AFP  -  475 words
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  • Page 3 Advertisements
    • 60 3 V ji -i nor r W I I *k f I fl »c t?"*^ l\ l" I HiMTi lilimiir /J3^P "Balcon dv Guadalquivir" Ul Km «m«- J« -S-, «JU «JU -is— -J*— «.t* w*— «r«. A R i i x aaaa i■' ix» «m—MM—lf i >M'"" CHRISTMAS AT LAST! Liat
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  • SINGAPORE MARKETS
    • 590 4  -  R SIVANITHY STOCKS STI finishes off high ahead of expected US weakness T| HE play on banks that dominated trading this past week in the wake of the Dubai debt problem fizzled out yesterday, replaced by rotational playing of the second line, which was the
      Bloomberg  -  590 words
    • 101 4 Up Down Unch Up Down Unch Up Down Unch lulti Ind 9 4 5 0 0 0 9 4 5 lanufacturing 47 56 74 11 10 58 63 84 Commerce 21 21 22 26 24 25 "pt/Stor/Comms 17 16 10 19 17 ■inance 10 12 10 13
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    • 107 4 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 13,030 13,030 41,688 41,688 lanufacturing 218,599 14,923 233,522 151,885 857 152,742 lommerce 161,660 42,131 203,791 104,201 9,297 113,498 'pt/Stor/Comms 57,504 4,617 62,121 101,180 943 102,123 :i nance 15,998 15,999 119,967 119,967 lonstruction 49,500 47,666 97,166 11,927 761 12,688 'roperties
      107 words
    • 99 4 lapitaLand 4.160 +0.050 Noble Grp 3.140 +0.050 lapitaMall 1.760 -0.010 OCBCBk 8.490 -0.100 JtyDev 10.440 +0.080 Olam 2.800 -0.020 lomfortDelGrc 1.530 -0.010 SGX 7.980 -0.010 losco Corp 1.070 SIA 13.520 -0.020 IBS Grp 14.840 +0.060 SIAEngg 3.000 -0.010 :&N 4.040 +0.030 SMP.T 1.800 ienting SP 1.080
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    • 282 4  -  JAMIE LEE Ying Li International Real Estate Nov 7 close: $0,635 KIM ENG RESEARCH, Nov 7 YING Li is currently the second-lar-gest Chinese property developer listed here by market capitalisation. It has established a strong presence in Chongqing's busiest districts with the completion and sale of 500,000 square
      282 words
    • 188 4  -  KEN TAI CHART POINT STRAITS Times Index broke through the 2,803 resistance last week, but retraced after hitting 2,808 highs. With the year coming to closure, we do not expect significant moves on the STI from this juncture. Based on recent movements, we believe
      188 words
    • 529 4 Reuters CURRENCIES [LONDON] The US dollar hit a five-week high against a currency basket yesterday, extending its rally from Friday, when strong US jobs data fuelled speculation the Federal Reserve may consider winding down its stimulus measures. Against the euro, the US dollar rallied
      – Reuters; AFP  -  529 words
    • 4 4 DAILY
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    • 62 4 Dec 7 VALUE CLOSE IT OB/OS -76.00 -18.0C IT CADI -*****.00 -26.0' IT 10-day MA -*****.00 -7.0i TSE ST Mid Cap 667.85 +2.5 TSE ST Small Cap 520.61 +1.1 TSE ST All Share 688.45 +1.6 TSE ST China Top 267.95 -1.3. TSE ST China 289.23 -0.7 TSE
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    • 59 4 VOLUME Golden Agri 70,215,000 Yinq Li 66,852,000 Sapphire 47,071,000 Transcu Grp 42,776,000 RafflesEdu 38,617,000 Achieva 35,198,000 Gentinq SP 31,988,000 BanJoo 27,963,000 PSL Hldqs 27,076,000 Novena 25,969,000 VALUE(S) Capita Land 67,814,878 Noble Grp 56,287,220 CapMallsAsia 54,337,341 Yinq Li 43,052,790 DBS Grp 38,290,980 Gentinq SP 34,870,680 Golden Agri 34,201,815
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    • 94 4 CLOSE UP iBXT FTVietnam 10US$ 4661 56.9 0.9 At ES.0912 1044 32.0 3., 'enture Con 886 27.0 3.1 ;txpo ioo 1370 26.0 1. >re Land 669 24.0 3. ICBC Bk5.1%NCPS 100 ***** 20.0 0., IMH 2992 16.7 0.. iBS.ES.0912 1484 16.0 1.1 ilec Eltek 181 15.3 6. uocoLand Ltd
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    • 121 4 BY CENTS CLOSE DOWN *****-862.8 -5.3 LD 10US$ lardine C&C 2552 -50.0 -1.9 iBXT S&P Short 10US$ 5490 -33.3 -0.4 ISH 1750 -30.5 -1.2 ISMSCI India 100 666 -27.7 -2.9 MS India 10US$ 1495 -22.2 -1.1 China H 10US$ 1732 -15.3 -O.i India Ni 10 1520 -11.0 -0.7 ICBC
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    • 84 4 Where S$ stands Dec 7 %CHNG CLOSE FRDcci YR2009 S$ LOW S$ HIGH USS 1.3898 -0.59 1.5579 1.3800 Euro 2.0573 1.18 2.0952 1.9150 Pounds 2.2727 1.03 2.4366 2.0356 AS 1.2632 1.18 1.2942 0.9453 Yen* 1.5633 0.18 1.7278 1.4831 Rupiah* 0.***** -0.31 0.***** 0.***** Baht* 4.1931 -0.18 4.3390 4.1040 Peso*
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  • Page 4 Advertisements
    • 99 4 The information in this advertisement is provided solely for informational purposes and does not constitute investment advice. It does not take into account your objectives, financial situation and needs. CFDs are leveraged products and have the potential for both significant gains as well as losses. Before investing you should carefully
      99 words

  • COMPANY NEWS
    • 409 5  -  VINCENT WEE It says Dubai World fallout impacted fixed-income investor sentiment By FIRST Ship Lease Trust (FSLT) has put plans to issue up to US$2OO million senior notes on hold amid poor investor sentiment in the wake of the Dubai World credit crisis.
      409 words
    • 239 5  -  UMA SHANKARI By A $549 million refinancing programme has been completed for Capital Square, an office building in Raffles Place, the property's asset manager said yesterday. Pacific Star Group said the facility includes $320 million of senior notes that will be listed on the
      239 words
    • 669 5  -  RONNIE LIM NEWS ANALYSIS Temasek's divestment of Orchard Energy makes sense to many in the industry By "LOCK, stock, but no barrels," quipped one industry official of Temasek Holding's divestment of Orchard Energy its less than two-year-old oil and gas exploration and production
      669 words
    • 605 6  -  CHEW XIANG Update of Chapter 9 to keep up with the times will temper clear risk of abuse By THE so-called "Chapter 9" laws governing related party transactions here should be reviewed to maintain their relevance, said industry professionals at a roundtable discussion
      YEN MENG JIIN  -  605 words
    • 595 6  -  FELDA CHAY ARTHUR SIM By and JAPAN Land announced late last night the resignation of its director and managing director Mitsutoshi Ono. It also said that Junya Kitada, who is the principal of the accounting firm that provides accounting services to Japan Land subsidiary Japan
      595 words
    • 229 6  -  JAMIE LEE By AS proposed a year ago, the Singapore Exchange (SGX) will require that all short-sell orders be indicated from the start of next year. SGX will also publish daily statistics of aggregate short-selling activity for each security, it said
      229 words
    • 261 6  -  WINSTON CHAI Sing Tel to announce revised plans soon By IPHONE lovers will get to pick the Apple device from their "orchard" of choice from tomorrow as the handset will finally be available from all three local mobile operators. Star Hub and Mobile
      261 words
    • 380 6  -  JAMIE LEE By CREDIT Suisse (CS) expects a near 30 per cent jump in regional markets in 2010 but sees a short-term correction as Asian central banks raise interest rates over the next three months, says CS head of Asia-Pacific equity strategy
      380 words
    • 338 7  -  EMILYN YAP Soilbuild will develop and market for CSC a 322,000 sq ft site in Tuas By PROPERTY developer Soilbuild Group and engineering firm CSC Holdings are joining hands for a $51.7 million business space project in Tuas. Soilbuild will develop and market
      338 words
    • COMPANY BRIEFS
      • 54 7 NEPTUNE Orient Lines' average revenue per forty-foot equivalent unit container has fallen 28 per cent in the Oct 17 to Nov 13 period. Shipping volume for the period rose 23 per cent from a year ago. Average revenue per FEU fell to $2,239 while volume
        54 words
      • 53 7 NOVO Group Ltd has reported net profit of US$l.5 million for its second quarter ended October 2009, from a loss of US$3.6 million a year ago. The group posted revenue of U*****.2 million, up 40.6 per cent, thanks in part to rising raw materials demand
        53 words
      • 77 7 Bloomberg TEMASEK Holdings Pte Ltd has completed a sale of local-currency bonds maturing in 2029 and 2039 that were intended to set a price benchmark for long-dated notes. The Ss3oo million each of 20 and 30-year notes, which pay a coupon of 4 per cent and
        Bloomberg  -  77 words
    • 478 7  -  SAMUEL EE From Jan 1, it'll make, distribute Mitsubishi Fuso trucks there By TAN Chong International will take over the production and distribution of Mitsubishi Fuso trucks in Thailand from Jan 1, with the acquisition of assets and inventory to cost about one
      478 words
    • 374 7  -  VINCENT WEE By THE oil and gas sector was the best performing sector this year but going into the next year, the performance of the various sub-seg-ments will vary according to the market segment they are active in, with those involved in
      374 words
    • 284 7  -  CHEWXIANG By ROKKO Holdings, which supplies equipment to the semi-conductor industry, yesterday said it expects a 50 per cent jump in net profit this year compared to 2008 as big chip makers race to re-stock. Managing director Gary Lim said that customers stopped
      284 words
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  • Page 6 Advertisements
    • 128 6 Call 6-594 7593 now for the Payroll Specialist PAYDAY! Payroll Serve time to relax www.PayrollServe.com.sg 9MgMt NEW. The best performing mm headphones from Bose. M -*L "J Introducing Bose® QuietComfort® 15 Acoustic Noise Cancelling® headphones. [I 1 V A »r ivm^ I I 4 "Welcome to an even quieter world."
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  • Page 7 Advertisements
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      318 words

  • SINGAPORE NEWS
    • 383 8  -  LEE U-WEN Leaders must boldly do what's necessary, even if it's unpopular By LEADERS must have the conviction to do what is necessary, even though doing so may cost them political points, Deputy Prime Minister Wong Kan Seng said yesterday. Leadership was "critical" during
      383 words
    • 480 8  -  LEE U-WEN By I STUDENTS who enrol at schools registered under a new regulatory regime for private educators will enjoy fee protection should the schools shut abruptly. The Council for Private Education (CPE) said yesterday that it will make available two free protection options
      FILE PHOTO  -  480 words
    • 349 8  -  UMA SHANKARI By MARINA Bay Sands (MBS) said yesterday that it has signed up events for its Sands Expo and Convention Centre that will bring over 150,000 attendees to the integrated resort (IR). The events cover a range of industries including engineering, legal,
      349 words
    • 419 8  -  TEH SHI NING Poll shows prospects seem brightest in finance, insurance and property sectors By HIRING momentum here is steadily picking up, according to the latest employment outlook survey by the Singapore arm of global human resource consultancy Manpower Inc, released yesterday. The
      419 words
    • 338 8  -  JOYCE HOOI By SINGAPORE has been chosen to host the first Asian edition of the annual World Islamic Banking Conference (WIBC), Monetary Authority of Singapore (MAS) managing director Heng Swee Kiat said yesterday. "Islamic finance will provide an increasingly important bridge
      338 words
    • 539 8  -  CHEN HUIFEN By IN A move that will give it access to the burgeoning cord blood banking business in Guangzhou, home-grown tissue-bank-ing firm Cord Life has acquired a 10 per cent interest in China Stem Cell South Company (CSC South) for US$lO
      539 words
  • Page 8 Advertisements
    • 350 8 Sp/'ci'h^ Up four 2>/h/t^ Experience I Our group started with the popular Jack's Place J 9 pGPPGrQiriG Steakhouse in 1966. We then evolved to include more KJI i^y dining concepts. In each of our 4 dining concepts, our customers recognised our ability to add zing to the dining affair-just like
      350 words

  • SME INC
    • 900 9 It has enhanced its position via M&A and expansion, reports OH BOON PING DESPITE the global economic downturn, there is one small-caps company that has been quietly growing its profits and consolidating its market position in China commercial explosives maker Fabchem China. For the
      900 words
    • 471 9  -  ZHANG JIAO Poll shows Spore well advanced in tackling e-commerce By) SMALL and medium businesses (SMBs) in Singapore are becoming optimistic about business growth prospects just as the Republic bid farewell to its deepest recession. According to a survey commissioned by payment service provider
      Pay Pal  -  471 words
    • 397 9  -  TEH HOOI LING By SMALL caps have moved in tandem with the blue chips in the last two weeks the first time since late October that they have managed to do that. Both sectors recovered back to their Nov 23 levels. Leading
      397 words
    • 1012 10  -  CHAN ENG CHYE Experience has shown that through regular interaction with Israeli partners, Singapore companies have gained valuable insights By INNOVATION has long been established as a driver of business growth. Studies have shown consistently that companies which focus on differentiation and innovation can survive testing times
      STOCKXCHNG  -  1,012 words
    • 747 10  -  JERMAINE NG ZHANG JIAO By in and NEXWAVE Telecoms is certainly living up to its name, riding the next wave in communications in a bid to reposition itself in a growing market. The company, which owns Sun Page, may be better known
      747 words
    • 385 10  -  LEE U-WEN They will run tours, provide bins, antiseptic wipes and video services, give cash By FIVE local companies have jumped on the Youth Olympic Games (YOG) bandwagon as the first official supporters. They are City Tours, Freshening Industries, Moving Bits, OTTO
      385 words
    • 1167 11 THIS WEEK'S TOPIC Has news of Dubai World's debt disaster affected your confidence in economic recovery? Do you think the Middle Eastern group's financial meltdown will affect general business and consumer sentiment in this part of the world? Kellie Liew Founder Director HSR Property Group
      BLOOMBERG  -  1,167 words
    • 253 11  -  ZHANG JIAO Martell VSOP contest gives winner training, rent-free shop space and $20,000 By! MARTELL VSOP has launched a contest for aspiring entrepreneurs the winner of which will get rent-free shop space in Clark Quay, start-up capital of $20,000 and executive training. Contestants are invited
      253 words
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  • Page 11 Advertisements
  • Page 11 Miscellaneous
    • 97 11 Next week's topic: Given the rising consciousness about the environment and environmentally friendly technologies and products, what can be done to encourage SMEs to embrace the "green cause" both as consumers and producers. Share your views with us. If you are an SME owner or leader, we would like you
      97 words

  • ECONOMY WATCH
    • 615 12 Bloomberg Lower outlay will cut budget deficit, indicates recovery is better than expected [WASHINGTON] The Obama administration expects the cost of the Troubled Asset Relief Program to be US$2OO billion less than projected, helping to reduce the size of the budget deficit,
      Bloomberg  -  615 words
    • 310 12 -AFP [WELLINGTON] Rising house prices and business confidence point to economic recovery in New Zealand but unemployment is expected to remain stubbornly high into next year, the government warned yesterday. New Zealand recorded its first quarter of positive growth in the three months to
      -AFP; BLOOMBERG  -  310 words
    • 617 12 Bloomberg US jobs data raises expectation of US interest rate rise [TOKYO] Options traders are growing less bullish on the yen after efforts by Japanese officials to boost the world's second-biggest economy and a US jobs report led to the currency's biggest
      Bloomberg  -  617 words
    • 527 12 Bloomberg Easy credit could erode quality of bank balance sheets [HONG KONG] China's lending boom may erode the quality of bank balance sheets as a jump in lending was "unavoidably" linked to an easing of credit standards, the Bank for International Settlements
      – Bloomberg  -  527 words
    • 463 12 AFP [SEOUL] The World Trade Organization (WTO) chief urged members yesterday to resist protectionist pressure in the wake of the economic crisis, but said hopes of an early deal to free up international commerce are uncertain. "In February this year, the global
      AFP  -  463 words
  • Page 12 Advertisements
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      119 words

  • MALAYSIA/INDONESIA
    • 407 13 Reuters [JAKARTA] Indonesia's top brass met yesterday to discuss a supposed threat to the country after President Susilo Bambang Yudhoyono warned that unnamed forces were planning to use an anti-graft rally to topple him. The heads of the armed forces, the police
      – Reuters  -  407 words
    • 165 13 Keuters [JAKARTA] Indonesia's deputy central bank governor Budi Mulya said yesterday that there was still excess demand for the rupiah in the foreign exchange market. The rupiah, Asia's best performing currency, has appreciated about 16 per cent this year, and Bank Indonesia, the central
      ■ Keuters  -  165 words
    • 539 13  -  PAULINE NG Move will inject liquidity, give Malaysian private sector more room By in Kuala Lumpur THE recent sale of 90 million Plus Expressway shares by Malaysia's state pension fund Khazanah Nasional could signal moves by the government to accelerate the
      539 words
    • 225 13 Reuters [NUSA DUA] Indonesia's state-owned miner PT Aneka Tambang Tbk (Antam) said yesterday it sees ferronickel sales in 2010 rising nearly 60 per cent after restarting its third ferronickel smelter. "We expect sales in 2010 to be 19,000 tonnes, increasing from 12,000 tonnes in 2009,"
      – Reuters  -  225 words
    • BRIEFLY ASIA
      • 81 13 Reuters [BANGALORE] ICICI Bank, India's No 2 lender, is expected to get Singapore's approval soon to open branches, take deposits and give loans in the city state, The Economic Times reported yesterday. Singapore has given an "in-principle clearance" to ICICI to operate
        ■ Reuters  -  81 words
      • 89 13 -AP [SHANGHAI] A new stadium under construction at Shanghai's World Expo site will be named the Mercedes-Benz Arena, the National Basketball Association and its joint venture partners in China announced yesterday. The 18,000-seat, clam-shaped Shanghai arena, under construction on the banks of the city's
        -AP  -  89 words
      • 62 13 -AFP [TAIPEI] Taiwan in November posted its first year-on-year growth in exports since before the global economic crisis hit trade, on emerging robust demand from the region. Exports last month totalled U5520.02 billion, an increase of 19.4 per cent from the same month in
        -AFP  -  62 words
  • Page 13 Advertisements
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    • 333 13 +*2 fSHHhHmI As you may be aware, with effect from 2009, employers with 100 or more employees were required to file their employees' salary income to the IRAS electronically. With effect from 2010, this scheme will be extended to employers with 50 or more employees on a compulsory basis. As
      333 words

  • GREATER CHINA
    • 540 14 -Reuters Essay adds to comment playing down expectations [BEIJING] Lifting the value of China's yuan currency would hurt, not help, global economic recovery and threaten the country's own financial and trade health, a Chinese state think-tank said in an essay published yesterday. The
      -Reuters; AP  -  540 words
    • 251 14 Reuters [HONG KONG] China's Geely Automobile Holdings Ltd, whose parent is bidding for Ford Motor's Volvo Car, said yesterday that it will continue to seek acquisition opportunities and is interested in projects including parts and engines. "The battered US and European auto markets continue
      Reuters  -  251 words
    • 629 14 Bloomberg Sources say 861.3 m shares to be sold at HK526.80-30.10each [BEIJING] China Pacific Insurance (Group) Co, the nation's third-largest insurer, and the country's pension fund plan to raise as much as HK525.93 billion (554.64 billion) in a Hong Kong share
      – Bloomberg  -  629 words
    • 193 14 Reuters [SHANGHAI] The Shanghai Stock Exchange has approved the development of global exchange-traded funds (ETFs) by Chinese fund houses to track six overseas indices including the Dow Jones Industrial Average the Shanghai Securities News reported yesterday, citing Xv Ming, vice-general manager of the exchange.
      Reuters  -  193 words
  • Page 14 Advertisements
    • 1839 14 IN THE MATTER OF THE COMPANIES ACT, CAP.SO OCEAN INTERNATIONAL HOLDINGS LIMITED tfViTV MA 1N THE o^tmaxsoft pte. ltd a^V^i^, IJJJ. m\i\/l. (INCORPORATED IN SINGAPORE) Registration No. (*****3240W) company registration number: *****7241K W^M A .jo- v ABTERRA LTD. notice of resolution for member s voluntary winding up \Wk\Sk I (lncorP°rated
      1,839 words

  • GREATER CHINA/INDIA
    • 672 15 AP It is wary of pulling back measures given weakness in key export markets [SHANGHAI] China's leaders vowed yesterday to keep economic stimulus and easy credit policies in place, while also improving the quality of the country's often chaotic economic growth. An annual economic
      AP  -  672 words
    • 156 15 -Reuters [BEIJING] China's economy will grow 9.1 per cent next year, speeding up from an 8.3 per cent pace this year, as exports recover, a government think tank said yesterday. China's exports may increase by as much as 18 per cent in 2010
      -Reuters  -  156 words
    • 418 15 -AFP Aim is to provide safe drinking water for the masses [MUMBAI] India's giant Tata Group yesterday launched a new low-cost water purifier, which it hopes will provide safe drinking water for millions and cut the toll of deadly diseases. The Tata
      -AFP  -  418 words
    • 699 15 -AP They seek to profit from global concern over climate change [BEIJING] China's Goldwind Science Technology Ltd is one of the world's biggest makers of wind turbines a cornerstone of the booming clean power business but is virtually unknown outside its home country. Goldwind
      -AP; AP  -  699 words
  • Page 15 Advertisements
    • 199 15 A member of lEgp psb Acader It's about keeping pace with a tumultuous business world. Equip yourself with updated knowledge and a prestigious MBA to move ahead in your career. PSB Academy and The University of Nottingham believe in bringing relevant learning to managers and professionals who are both discerning
      199 words

  • ASIA-PACIFIC/WORLD
    • 613 16 Reuters, AFP Accord widens cooperation; Russia to build more reactors in India [MOSCOW] Russian President Dmitry Medvedev and Indian Prime Minister Manmohan Singh sealed an agreement to boost cooperation in the civilian use of nuclear energy after talks in Moscow yesterday.
      ■ Reuters, AFP; REUTERS  -  613 words
    • 596 16 Bloomberg [TOKYO] Hitachi Ltd, Japan's fourth-largest company by revenue, sold 350.7 billion yen (555.4 billion) in shares and convertible bonds to help fund new businesses and pay off debt as the company heads for a fourth straight annual loss. The unprofitable maker
      Bloomberg; BLOOMBERG  -  596 words
    • 603 16 Reuters Labour govt to cut advisory budgets, embrace new tech [LONDON] Britain's Labour government will slash consultancy and marketing costs to help halve the budget deficit, Prime Minister Gordon Brown said yesterday, two days before Labour updates its tax, spending and borrowing plans.
      ■ Reuters  -  603 words
    • 645 16 Bloomberg [NEW YORK] Forecasts for the fastest US earnings growth in 15 years are failing to convince options traders that the Standard Poor's 500 Index will extend its biggest rally since the *****. S&P 500 options to protect against declines in stocks over the
      Bloomberg  -  645 words
  • Page 16 Advertisements

  • WORLD
    • 588 17 Reuters Comment sends Dubai stock market down almost 6% to 20-week low [DUBAI] Dubai moved on yesterday to ring-fence prized assets from the US$26 billion debt restructuring of Dubai World, denting already fragile investor sentiment ahead of talks between the struggling conglomerate
      Reuters  -  588 words
    • 593 17 Reuters Less than 30% of money spent goes to cutting the gases [LONDON] UN-approved carbon offsets are marked-up by more than 200 per cent, meaning less than 30 pence (550.70) of every pound spent by envi-ronmentally-conscious consumers goes to cutting greenhouse
      – Reuters; AFP  -  593 words
    • 722 17 -AP.NYT [NEW YORK] The white knights that came to the rescue of banks during the financial crisis are going home, with their pockets full of bounty from their good deeds. In less than two years, many of the biggest overseas government investment funds,
      -AP.NYT  -  722 words
    • 452 17 Bloomberg Investment plunges 48.4%, consumer demand drops 13% [REYKJAVIK] Iceland's economy contracted the most on record last quarter after the island's banking failure left locals poorer and as businesses lacked funds for investment. Gross domestic product shrank an annual 7.2 per cent, after contracting
      ■ Bloomberg; BLOOMBERG  -  452 words
    • 471 17 -AP [WASHINGTON] Sweeping regulations to tame Wall Street and protect consumers in dealings with lenders are on the verge of passing the House but their fate is hardly sealed. Crucial pieces are still flashpoints, fiercely opposed by various sectors of the financial
      -AP  -  471 words

  • AVIATION
    • 760 18 Reuters Negotiators expect to finalise pact to further free up transpacific service [WASHINGTON] The US and Japanese governments look to sew up an agreement in Washington this week to further open transpacific air service, a crucial deal for American Airlines and an important
      ■ Reuters; REUTERS  -  760 words
    • 2841 18 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
      2,841 words
    • 335 18 Reuters Shares soar as move eases fears carrier's funds may run out [TOKYO] Japan is looking at guaranteeing about US$7.B billion in funding to Japan Airlines Corp, a government source said yesterday, easing concerns that the carrier could run out of funds and
      Reuters  -  335 words
    • 547 18 LAT-WP [WASHINGTON] The Federal Aviation Administration (FAA) will announce new rules on pilot fatigue in January, but they probably will not include restrictions on long-distance commutes that US lawmakers said last week are essential to solving the problem. The crash of
      LAT-WP; PHOTOS FROM AFP  -  547 words
  • Page 18 Miscellaneous
    • 270 18 CRYPTIC CROSSWORD Across 1 Diet that's a target for 27(10) ams (7) change? (3,6) 28 See 21 Across 8 Defensive structures favour- 26 Leading actor and sailor un--29 See 11 ing queues (10) der suspicion initially (4) 30 Type of fish found where 9 Old measure of liquid imbibed rafts
      270 words

  • SHIPPING
    • 586 19 Reuters Analysts say more refinery shutdowns needed to curb production [LONDON] Oil product tankers idling in quiet waters of the world's oceans are unlikely to move on until well into next year when more refinery shutdowns could curb production and force
      ■ Reuters  -  586 words
    • 365 19 Bloomberg Strategy will reduce exposure to containers [TOKYO] Mitsui OSK Lines Ltd, operator of the world's largest merchant fleet, is considering a greater focus on shipping liquefied-natu-ral-gas and oil as overcapacity dampens rates for hauling cargo boxes. "We need to reduce our exposure
      Bloomberg  -  365 words
    • 730 19 ■AP [NAIROBI, Kenya] International naval forces will never be able to completely secure the vast area of ocean where Somali pirates are hijacking ships off East Africa, said the commander of the EU Naval Force's coun-ter-piracy efforts. In the latest attack,
      ■AP; AFP  -  730 words
    • 242 19 Bloomberg [SEOUL] South Korea, Asia's fourth-largest crude importer, plans to ban single-hulled oil tankers from entering its waters from 2011, bringing the country into line with a global drive against a ship design blamed for oil spills. The government will also
      Bloomberg  -  242 words
    • TRANSPORT STOCKS
      • 107 19 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp Mercator Lines MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.68 0.35 1.07 0.69 2.19 0.60
        107 words
      • 32 19 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings PDZ Holdings unch 8.90 8.71 3.10 unch 0.09 unch unch -0.14 -0.01 unch unch 0 216 323 358 0 168
        32 words
      • 12 19 ■oo ■recious Ship Jegional Cont 18.00 9.95 -0.20 unch 1371 2843
        12 words
      • 11 19 '000 Doil iingamas Cont 36.40 1.28 -0.90 2114 -0.01 *****
        11 words
      • 22 19 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 8.70 23.25 unch unch -0.10 unch unch unch 94 1215 0 0
        22 words
      • 22 19 Evergreen Marine ....16.95 :irst Steamship 46.25 ManHai Lines 15.75 r"ang Ming Marine ..11.55 0.65 0.05 0.20 0.30 10 3 2 4
        22 words
      • 39 19 '000 (awasaki Hvylnd ..231.00 4.00 ***** (awasaki Kisen 279.00 12.00 ***** Mitsubishi Hvy 323.00 11.00 ***** l/litsui Eng&Sbldg ..228.00 3.00 3258 1/litsuiOsk Lines ....515.00 14.00 ***** Jippon Express 401.00 -12.00 5738 JipponYusen 283.00 8.00 ***** 'iource: Thomson Reuters
        39 words
  • Page 19 Advertisements

  • EDITORIAL & OPINION
    • 447 20 AFTER a year of decline, the aviation industry is definitely seeing sequential improvement in operating numbers. Global traffic demand showed an inflexion in August. The September, October and November preliminary data suggests that the month-to-month improvement is intact, albeit weak. Yes, both cargo and
      447 words
    • 1159 20  -  LEON HADAR With unemployment at 10%, the US is searching for a scapegoat to blame THAT the American economy seems to be in the midst of a very bumpy recovery was made clear last week with reports indicating that while new claims for jobless benefits
      AP  -  1,159 words
    • 806 20  -  YOGI AGGARWAL THE BOTTOM LINE AROUND the world, tourism is on the whole seen as a valuable economic service that adds to the general wealth of a country. But in Goa, this major source of income is turning out to be a double edged
      806 words
    • 1159 21  -  KOBUS BEUKES Corruption in procurement not only costs companies dearly but also erodes the general fabric of society By THE supply chain is the one area in any organisation that is most vulnerable to fraud and corruption. While an organisation can put controls
      STOCK.XCHNG  -  1,159 words
    • 876 21  -  WILLIAM PESEK JR THAT loud hissing noise you hear is coming from Dubai, where reality is catching up with an economy built on sand literally and iyJust don't let it drown out another one that's slowly, but steadily increasing in volume: China. The
      876 words


  • SINGAPORE STOCKS
    • 8821 22 Transaction date: Dec 7 Hi. Low Code Col Sale COOP) Hi; Low Bl Seller Cvr P/E Smil 17 3 3148 8Telecom 9.5 2.5 5834 A-Sonic 34 16 5000 ABRHIdgs 15.5 5.5 1938 AEI Corp 8 1 1100 AEM 23 10 2101 APOil 93 35 5550 ARA 8 2.5
      8,821 words
    • 1691 23 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E $mil 10 5 1181 s AAGrp 25 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 3.5 3480 t Adventus 20 8.5 3518 t Afor 12.5 2 1524 t Alantac 11 4 7814
      1,691 words
    • 407 23 Hii Low Code Comi Sale COOP] Hii Low Bu> Seller C'vr P/E >mil 111 105 6389 ABF SG Bond ETF 819 427 CIMBAsean40 100US$ 282 149 DBS STI ETF 100 4627 3534 DBXT DJE5O 10US$ 3282 1682 DBXT FTChina25 10US$ 5819 3228 DBXT FTVietnam 10US$ 2814 2246 DBXT
      407 words
    • 255 23 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
      255 words
    • 9393 23 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 2.138/ AIGIF S'pore Bond Fund/^- 1.373/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.14/ APS Alpha Fund (USD)!** 0.83/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXAWM -Talents
      9,393 words
  • Page 22 Advertisements


  • FINANCE & COMMODITIES
    • 375 24 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Dec 4 World Index Preliminan 820.3 0.2 21.0 0.2 22.2 -0.3 26.I EAFE Preliminai 772.0 0.4 18.9 -0.2 24.6 -0.7 29.. Euro[ Preliminan 1110.6 0.8
      375 words
    • 126 24 As at 9am Dec 7 )i foreign currency: lurrencies Bid Offer »jst dollar 1.2590 1.2960 .an dollar 1.3080 1.3240 luro 2.0540 2.0780 IZ dollar 0.9870 1.0090 iterlini ind 2.2760 2.3020 IS dollar 1.3810 1.3960 .ocal dollars to 100 units rf foreign currency: Currencies Bid Offer :hi
      126 words
    • 176 24 Dec 7 Bid IS Offer Bid Overnight 1-month 2-months 3-months Overnight mode: 1/8 ys$ 1/4 7/16 9/16 11/16 Offer 1/8 3/16 5/16 7/16 BJd 7 days 1 month 2 months 3 months 6 months I. 12 months $Au 0.25 0.29 0.35 0.37 0.55 0.90 1.00 Offer 0.20 0.24
      176 words
    • 20 24 Dec 7 STI Dec 2788 2794 2789 IIMSCI Dec 334.3 340.6 335.9 "aiwan Dec 275.5 281.6 280.4
      20 words
    • 22 24 Dec 7 S$ Bid Offer 1-month 1.3875 1.3905 2-months 1.3878 1.3908 3-months 1.3879 1.3910 6-months 1.3884 1.3915 Source: OCBC
      22 words
    • 60 24 Dec 7 lelivery lonth Opening Range Sett Av Price Price Hi Vol Open Done Position Low }ecO9 2526 2490 2526 2500 42 928 Ian 10 2565 3665 2587 2530 1935 ***** =eb 10 2583 2562 2606 2543 9050 ***** War 10 2587 2557 2608 2547 2691 ***** Total
      60 words
    • 300 24 Dec 7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO9 Mar10 Jun10 Sep10 99.7375 99.5750 99.3500 99.0300 5169 9330 7741 4156 EUROYEN TIBOR FUTURES DecO9 Mar10 99.6150 99.6150 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 99.6150 99.5550 99.6450 99.6600 99.6900 99.7000 99.6150 99.5550 99.5550 292 191 100
      300 words
    • 200 24 Dec 7 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) flonth High Low Close Sett Volume (lots) O/l lots) Ian 10 282.0 =eb 10 282.8 Vlar 10 283.0 <\pr10 283.2 Vlay 10 283.7 lun 10 292.0 281.0 281.0 282.5 283.2 283.7 283.7 281.5 281.0 282.5 283.2 283.7 283.7
      200 words
    • 80 24 Dec 7 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low I-Month BQ*****F 11.03.2010 -Year BY*****N 01.11.2010 0.53 0.54 0.54 0.45 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Day's High Low !-Year NX*****H 3.625 I-Year N*****0N 1.375 '-Year N*****0S 2.875 0-Year NX*****W 2.500 5-Year
      80 words
    • 100 24 Dec 4 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 10 1043.00 1047.00 1053.75 1031.00 Mar 10 1050.50 1054.50 1061.00 1038.50 May 10 1057.75 1061.00 1067.50 1045.50 Jul 10 1064.75 1067.00 1074.25 1052.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 09 39.76 39.75 40.34 39.55
      100 words
    • 71 24 CRUDE OIL PRODUCTS Dec 4 origin^ t/barrel Close Cham irent blend (1-Mth F) 78.43 -0.0: VTI (Near Mth) 75.58 -0.6: iubai (1-Mth F) 78.32 -0.9: "apis blend 80.80 -1.01 i/linas 79.30 -0.91 >RODUCT JS$/barrel (FOB S'pore) Close Chanqi Naphtha Jet Kerosene 78.65 85.15 -0.8I 0.11 US$/barrel )pec Oil Basket Price
      71 words
    • 448 24 Dec 7 iuro 'en (on 'eso lam 'ouni wstralia 0.965 6.241 0.615 7.083 42.456 86.267 0.821 10.541 3.100 1.278 76.896 42.138 1.269 6.797 0.929 29.485 25.259 0.556 0.914 Canada 1.036 6.468 0.637 7.340 44.001 89.407 0.851 10.924 3.213 1.325 79.694 43.671 1.315 7.044 0.963 30.558 26.178 0.576
      448 words
    • 66 24 Dec 7 mth 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** 2 mths 1.***** 0.***** ;WAP Offer rates (S$) mth 0.***** mths 0.***** mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 0.***** 2yrs 1.*****
      66 words
    • 149 24 Dec 7 Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.2675 1.2704 0.9138 0.9139 Canadian dollar 1.3135 1.3168 0.9470 0.9472 iuro 2.0619 2.0668 1.4865 1.4868 IZ dollar 0.9916 0.9941 0.7149 0.7151 Sterlinc 2.2804 2.2862 1.6440 1.6446 IS dollar 1.3871 1.3901 >$IUS$
      149 words
    • 131 24 Dec 7 /oz) tec tec -long Kong 1147.90 1205.30 .ondon Dec 04 Dec 03 1178.40 1213.70 1179.20 1214.50 Source: Thomson Reuters CAST BAR (S$) Dec 07 Buying Sellim Kilobar "55,416.37" ***** PAMP GOLD BARS (S$) Selling Buying gm jgm Ogm !0gm iOgm OOgm oz ozUBS Kinebar™ 124.12 352.03
      131 words
    • 63 24 minimum, 99.7 jritv (US$/tonne) Co Close Previous :ash 2116.50 2102.00 months 2148.00 2133.00 Copper, Grade A (US$/tonne) :ash months 7005.00 7040.00 7046.25 7080.00 .ead (US$/tonne) :ash 2334.50 months 2366.00 2378.25 2409.00 lickel (US$/tonne) :ash months *****.00 *****.00 *****.00 *****.00 'in (US$/tonne) :ash months *****.00 *****.00 *****.00 *****.00 inc,
      63 words
    • 76 24 Dec 4 (£/tonne) Close Prev Hii ih/Low Dec 09 2183 2189 2204/2176 War 10 2227 2230 2248/2219 Way 10 2247 2252 2267/2241 lul 10 2226 2225 2239/2218 IOFFEE (US$/tonne) Close Pev High/Low Ian 10 1320 1346 1345/1311 Vlar 10 1356 1383 1383/1351 Vlay 10 1387 1413 1412/1383 SUGAR (US
      76 words
    • 2115 24 BONDS, WARRANTS EXTENDED SETTLEMENT Pel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left Asia-Pacific Strategic W*****6 2.5 -0.5 100 >036AdvanceSCTLtdW*****9 0.5 1 15 9 6.40 1 87 1844 9.00 53 8 S756#AsiaticGrp(H) Ltd W*****2 8 H05#Asiatravel W*****7 35.5 4.5 422 1 3
      2,115 words

  • Page 25 Advertisements
    • 2649 25 The Business Times Shipping Times M B-_-___-^Hp-H J^3EunZfy?fjPjiEEEf?TJC M l^uLSS^^B^^^H H^^HII^H Direct Calling to TWTPE UK CONTINENT SERVICE U.S.A SERVICE 0110*11 CO-M I'll OH Destination Destination UlUlf OHlllll UHII STXPOTBN RTM/ANR/TIL STXPOTBN NOL/CDN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia idlllvll I lIV OA Oil D lid JJ
      2,649 words

  • Page 26 Advertisements
    • 4302 26 Wfl^W KBIJBWBBIJI 111 r EASTERN CAR LINER, LTD laar^ainiMUM UL^__i I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I H9 mjy|||^mjym^ i i n i i IP^B^^WG^ I Ramp(KT) I Lilting(KT) I MUA I SIN I PKL I JKT I BA I SUR I HDM SERVICE FMX and SMX
      4,302 words

  • PROPERTY
    • 1617 27 Bloomberg Blame falls squarely on Bank of Canada governor's promise on borrowing rates to prop up the economy [OTTAWA] Bank of Canada governor Mark Carney's pledge to freeze record-low borrowing costs through June may be raising the chances of a bubble in
      Bloomberg; BLOOMBERG  -  1,617 words
    • 295 27 Reuters Govt says financial system sound and monitoring situation [HONG KONG] Hong Kong's government is "very concerned" about the risk of an asset bubble developing although a bubble is not apparent yet, Financial Secretary John Tsang told legislators yesterday, referring to
      Reuters  -  295 words
    • 144 27 Bloomberg [TOKYO] Savills Pic, the UK's largest property broker, aims to increase its Asian business to 50 per cent of worldwide revenue, driven by growth in China, says chief executive officer Jeremy Helsby. China's "booming" economy will keep real estate demand high,
      Bloomberg  -  144 words
    • 553 28  -  S JAYASANKARAN Initially, the plan was to set aside 50% of new homes for bumiputras By in Kuala Lumpur THE government of Malaysia's northern Kedah state has deferred the introduction of controversial policy requiring developers to set aside 50 per cent of new
      553 words
    • 441 28 Bloomberg [LONDON] Nakheel PJSC creditors may win the right to seize a strip of barren waterfront land the size of Manhattan if the company defaults on the US$3.5 billion bond backing the development. Investors will be able to seek foreclosure on the property's mortgages
      – Bloomberg  -  441 words
    • 922 28 Bloomberg Recession leaves many travellers unable to spend too much on lodgings [LOS ANGELES] The world's largest hotel companies, stung by the industry's biggest declines since the Great Depression, are trying to do for lodging what Ikea did for furniture: offer fashionable products
      Bloomberg; BLOOMBERG  -  922 words
    • 306 28 Reuters [NEW YORK] Starwood Hotels Resorts plans to add another 15 hotels in India by 2012 and the hotel operator's chief executive said that untapped demand in the country could spell swift returns for the new properties. Starwood on Sunday opened its
      – Reuters  -  306 words
  • Page 27 Advertisements
    • 115 27 gsyuß^g g^g jgg Isavillsl _u_ Freehold brand new 3-storey Eco-fnendly Home along Sixth Aye bungalow Land: 6576sqft. Built-up 8261sqft tPP^vJ ll'^TMlß "FALZONAL" aluminium wall Jw —i r I decking along Swimming Pool HHjj Wet Dry Kitchen Appliances —iiuiiiiiiniiin^H vm^'iL H-l provided ti. r[^_j ||i I y f• 5m wide Auto
      115 words
    • 142 27 i Fiji jjg| ||!JJ; |jH Land *****sqft Built up 11 0OOsqft Elevated Land with Complete Privacy Rugged Architecture of Raw Concrete, Base Metals and Natural Timber Fluid Living Space with Full Greenery Modern Urban Resort Home 25M Infinity Lap Pool with Features Professional Theatre Enquiries and viewings, please contact: r^tfUL-ft
      142 words

  • Page 28 Advertisements
    • 47 28 W 2-storey building basement 4&rnkor annex building for facilities equipment Ethnology Land area 168,200 sq ft approx. M i Floor area 151,200 sq ft approx. I Land Tenure Balance 8 yrs with further 12 yrs renewal option Power Supply 15 MVA L Cleanrooms of 100 to 100K
      47 words
    • 242 28 A Property Investment Strategies 'Donald Trump' Waygm^. pJwith less thani $30k rA A Well Kept Secrets of the Rich's How to build your property portfolio with ■P^Mflf I A. Strategies now revealed! little or no money in the shortest time m IkJ A Creating a regular monthly A Creative practical
      242 words