The Business Times, 2 September 2010
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2010-09-02
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The Business Times
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Title Section22 2010-09-02 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, September 2,201022 words
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Article, Illustration839 2010-09-02 1 GRACE LEONG - At least 61 stores in S’pore, Malaysia and Thailand are up for sale By GRACE LEONG [SINGAPORE] The first round of an auction that began yesterday for the Southeast Asian operations of French retailer Carrefour attracted bids from privateREUTERS - 839 words
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Article141 2010-09-02 1 ST INDEX 2,982.83 (+32.50) ST INDEX FUTURES 2,983 (+36) SIMSCI 352.79 (+4.80) SIMSCI FUTURES 352.30 (+4.30) FOREX US$ S$ US$ (S$ per US$) 1.352 (US$/S$ per 1.541 2.083 EURO (US$/S$/E) 1.273 1.721 Foreign currency per US$ S$ YEN 84.20 62.30 RM 3.134 2.318 HK$ 7.777 5.754 BAHT 31.17141 words
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719 2010-09-02 1 TEH SHI NING - Most likely outcome now is for 15-15.9% full-year growth, ahead of government’s 13-15% By TEH SHI NING [SINGAPORE] The Singapore economy could expand by a record pace this year that exceeds the government’s 13-15 per cent forecast, a survey of private sector economists shows.719 words
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Page 1 Advertisements
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Advertisement70 2010-09-02 1 OPINION US must now learn the lessons of Japan PAGE 22 EDUCATION A greater choice for students BizIT UniSIM opts for the cloud for cost savings PAGE 27 SINGAPORE INTERNATIONAL Grab a piece of the action in Brazil PAGE 11 PAGE 4 PROPERTY Peter Ow retiring from Knight Frank PAGE70 words
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TOP STORIES
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821 2010-09-02 2 WINSTON CHAI - But pay-TV operators to get more time to implement sharing of exclusive content By WINSTON CHAI [SINGAPORE] The authorities here look set to press ahead with a controversial mandate that compels pay-TV operators to share exclusive programming despite widespread protests from content suppliers. However,821 words
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Article607 2010-09-02 2 Economists up their 2010 growth forecasts SINGAPORE’S economy could expand by a record pace that exceeds the government’s 13 to 15 per cent forecast, estimates by private sector economists show. But the higher base from which next year’s growth will be measured, as well as external uncertainties, have607 words
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517 2010-09-02 2 SIOW LI SEN - It climbs one place from the previous BIS survey in 2007 By SIOW LI SEN [SINGAPORE] Moving ahead of Switzerland, Singapore is now the fourth largest foreign exchange centre in the world. According to the latest survey by the Bank for International Settlements517 words
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Article555 2010-09-02 2 CONRAD TAN - One reason could be big borrowers turning to bonds By CONRAD TAN [SINGAPORE] Bank lending growth slowed in July as loans to businesses fell slightly, putting added pressure on banks already struggling to boost lending income amid low interest rates and heightened competition that555 words
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Article, Illustration530 2010-09-02 4 TEH SHI NING - More choices for students from 2012; MOE to recruit more teachers, educators Reports by TEH SHI NING [SINGAPORE] More pathways are being carved out in secondary education to smooth progression into higher education or employment, and offer students greater choice from 2012 onwards.FILE PHOTO - 530 words
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500 2010-09-02 4 MOE to fund 300-400 places in foreign arts programmes locally SINGAPORE’S third medical school will take in its first 50 students in 2013, Education Minister Ng Eng Hen said on Tuesday, sharing details on the partnership between Nanyang Technological University (NTU)500 words
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402 2010-09-02 4 S JAYASANKARAN - US$363m paid for Terengganu interests ahead of listing By S JAYASANKARAN MALAYSIAN national oil company Petronas signed a US$363 million deal yesterday to buy BP’s interests in two petrochemical plants in the north-eastern state of Terengganu. Petronas said it will acquire BP’s402 words
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Article, Illustration859 2010-09-02 4 Bloomberg [WASHINGTON] US President Barack Obama said that with the end of the American combat mission in Iraq, the United States must focus on the “urgent task” of bolstering the economy because the nation’s strength is rooted inBloomberg; REUTERS - 859 words
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Advertisement190 2010-09-02 2 JCU SINGAPORE Public Lecture Series 2010 Celebrating Research at JCU Sharing our experience, recognizing our achievements ■trust 6%-. SINGAPORE OIIMITY SINGAPORE -.QUALITY CLASS for Private Education Organisations Many Races, Many Faces: Suicide Prevention in Singapore fL A Symposium on Suicidality in Singapore Panel of Experts (left to right): Dr Keith190 words
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Advertisement278 2010-09-02 3 I s A A new horizon is yours W, 1 i K 4 M 1/ "J. 4 ■Al "'v 'ill J* --iSWfr r S USA >s-_^ m s- i* h I W *s? 51 k I 4 9 ff Sfe I 8 >?• a? Yi L V ■v. n SrtT278 words
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Advertisement327 2010-09-02 4 SINGAPORE'S 00*33 IT CONSUMER TECHNOLOGY EXHIBITION www.comexshow.com.sg W-i NOW ON 2 nd 5™ SEPTEMBER SUNTEC SINGAPORE LEVELS Q> Q, O O 12 Noon 9 pm Daily FREE ADMISSION Comex Special Pull-out In Life Sept (Thi TODAY on 2nd Sept (Tnurs) Digital LiTe on 1st Sept (Wed) The Straits Times on327 words
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Advertisement8 2010-09-02 4 Changes in line with ESC proposals, Page 98 words
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COMPANY NEWS
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393 2010-09-02 5 LYNETTE KHOO - The company cites recent volatility in the equity markets globally as reason behind its decision By LYNETTE KHOO CITING global market volatility, Thailand-listed Sri Trang Agro-Industry Public Company Limited is delaying the dual primary listing of its shares in Singapore. It393 words
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370 2010-09-02 5 LYNETTE KHOO - China shipbuiding group censured over disclosure lapses By LYNETTE KHOO CHINA’s New Century Shipbuilding has not given up hopes of a Singapore mainboard listing, after an earlier botched attempt and a censure from Singapore’s central bank for disclosure lapses, sources370 words
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271 2010-09-02 5 Reuters [HONG KONG] Asia’s total market capitalisation for real estate investment trusts (Reits) rose by a quarter in the first six months to US$69 billion, global property services firm CB Richard Ellis said yesterday. However, the weighted average dividend yield for AsianReuters - 271 words
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606 2010-09-02 6 LYNN KAN - Analysts say issue is dilutive and group has enough funds for its existing capex By LYNN KAN DESPITE “buy” calls by some analysts, investors punished the stock of Ezra Holdings yesterday on news of a surprise one-for-five rights issue by the606 words
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Article287 2010-09-02 6 KAREN NG - By KAREN NG DEUTSCHE Bank yesterday launched two commodity booster exchange-traded funds (ETFs) on the Singapore Exchange (SGX): the DB Commodity Booster Light Energy USD Benchmark Index, and the DB Commodity Booster Dow Jones UBS Commodity USD Index (DJUBSCI). The db x-trackers commodity booster ETFs have287 words
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Article, Illustration512 2010-09-02 6 JOYCE HOOI - By JOYCE HOOI EZION Holdings and Swiber Holdings were singled out as “buys” in DnB Nor’s newly launched Asia Alpha Portfolio yesterday at the Asian Investor Conference 2010, along with heavyweights like China Cosco Holdings, Hanjin Shipping and Wan Hai Lines. TaggedFILE PHOTO - 512 words
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421 2010-09-02 6 LYNETTE KHOO - It expects to raise $153m for general working capital By LYNETTE KHOO CHINA-BASED Yangzijiang Shipbuilding, which is listed on the Singapore Exchange mainboard, is issuing Taiwan Depository Receipts (TDRs) at NT$18.8 apiece. This translates to about $1.585 for every share since every two TDRs421 words
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Article738 2010-09-02 6 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY AS REPORTED in this column some weeks back (“How well do investors understand CFD risks?” BT, July 22), regulatory antennae in Australia were recently raised when the authorities found from a survey that a large number of retail players in738 words
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486 2010-09-02 7 FELDA CHAY - Falcon will hold 51.5% of enlarged share capital By FELDA CHAY TO help fund an acquisition and expand its woodchip business, United Fiber System (UniFiber) has proposed to raise $178 million through the issue of subscription shares to Falcon Capital Global486 words
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COMPANY BRIEFS
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120 2010-09-02 7 PEOPLE’S Food Holdings’ subsidiary, Linyi Xincheng Jinluo Animal Husbandry, has entered into a six-year term loan facility agreement for up to one billion yuan with the Agricultural Bank of China. The facility is at the benchmark interest rate of the People’s Bank of China120 words
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134 2010-09-02 7 TIONG Seng Holdings’ joint venture company has been awarded a $270 million contract by Singapore HealthPartners Pte Ltd for the development of hospital, hotel and medical clinics at Race Course Road. The Samsung-Tiong Seng JV is a 55:45 joint venture between Samsung C&T Corporation134 words
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52 2010-09-02 7 JIT Sun Investments Pte Ltd will be making a mandatory conditional general cash offer for Sim Siang Choon at an offer price of 11 cents per share. Sim Siang Choon has appointed SAC Capital as the independent financial adviser to advise independent directors on52 words
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59 2010-09-02 7 SAIZEN Real Estate Investment Trust’s manager, Japan Residential Assets Manager, has appointed Linus Koh Kia Meng as co-chief executive officer. Mr Koh, 53, used to be president and chief operating officer at Singapore Mercantile Exchange, among other positions held. He will be working together59 words
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380 2010-09-02 7 MICHELLE QUAH - Joint venture with Koperasi Tentera awarded a Family Takaful licence By MICHELLE QUAH HAVING just won the right to distribute syariah-com-pliant life insurance products in Malaysia, Great Eastern Holdings will make the country its regional Islamic finance headquarters. The life insurance380 words
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Advertisement693 2010-09-02 5 YOUR U.S. TRADING DESERVES BETTER. ~Sii PAY LESS: Enjoy Low Commission at US$9.99 per trade* GET MORE: New Upgrades of Power E*TRADE Pro Fully redesigned active trading platform in 2010 Useful Order Types for Risk Management Streaming Options Analytics Nasdaq Total View Free Research Reports Market News US$200 Commission Rebate693 words
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Advertisement117 2010-09-02 6 w rig m vm MEET and INTERACT with over 170 participating exhibitors and represented companies featuring the latest state-of-the-art products and technologies from 29 countries 1 3 Sept 2010 10am -6pm daily Sands Expo Convention Centre Halls B C, Level 1 Marina Bay Sands™, Singapore FREE ADMISSION by registration Tel:+65117 words
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Advertisement271 2010-09-02 7 PRESENTING YOUR OWN 4.5-ACRE WATERPARK A FESTIVE MARINA JUST NEXT DOOR THE NEW TOWER 2 AT QUAYSIDE Andaman Sea Hailed as the first of its kind in the region, Quayside located in Penang's millionaires' enclave of Seri Tanjung Pinang is residence and resort, playground and seafront sanctuary all in one.271 words
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SINGAPORE MARKETS
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Article, Illustration593 2010-09-02 8 R SIVANITHY - Genting Singapore’s 11-cent gain contributes six points to index’s 32.5-point rise STOCKS R SIVANITHY Senior Correspondent lTRADERS in the Singapore market yesterday pushed the Straits Times Index (STI) up 32.5 points to 2,982.83, probably betting on a Wall Street bounce for the day. Genting593 words
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Article186 2010-09-02 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 4 0 0 0 8 3 4 Manufacturing 79 28 70 4 8 14 83 36 84 Commerce 23 11 30 4 4 2 27 15 32 Tpt/Stor/Comms 18 4 18186 words
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Article121 2010-09-02 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,402 17,402 58,793 58,793 Manufacturing 304,755 18,910 323,665 250,060 2,209 252,269 Commerce 128,288 110,306 238,594 144,216 14,318 158,534 Tpt/Stor/Comms 141,200 1,029 142,229 258,486 129 258,615 Finance 16,846 44 16,890 173,611 6 173,617 Construction 29,156 27,166121 words
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Article111 2010-09-02 8 Stock name Close Change CapMallsAsia 2.110 +0.010 CapitaLand 3.910 CapitaMall 1.970 +0.030 CityDev 11.100 +0.160 ComfortDelGro 1.510 +0.020 DBS Grp 14.080 +0.200 F&N 5.630 +0.080 Genting SP 1.800 +0.110 Golden Agri 0.580 +0.020 HK Land 5.460 +0.090 JMH 43.160 -0.240 JSH 24.420 -0.460 Jardine C&C 33.180111 words
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BROKERS’ TAKE
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Article412 2010-09-02 8 DMG Partners Securities, Sept 1 EARNINGS were generally good, but already factored into analysts’ estimates. Most sectors reported earnings that were in line with expectations these include the oil gas space, Reits and telcos. Growth was evident, with rig builders reporting wider margins, whilst the Reit hospitality412 words
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Article, Illustration445 2010-09-02 8 LYNETTE KHOO - Sept 1 close: $0.895 CIMB Research, Sept 1 Compiled by LYNETTE KHOO WE recently visited Midas’s plant in Jilin province, China, and were impressed with its operational capabilities and facilities. All systems were functioning, with extrusion and fabrication facilities in place and new lines undergoing trials. Although there445 words
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Article, Illustration400 2010-09-02 8 CURRENCIES Reuters [NEW YORK] The US dollar fell against major currencies and the Australian dollar surged yesterday after upbeat data from China and Australia soothed worries about the health of the global economy and boosted risk appetite. China’s manufacturing sector staged a moderateReuters; AFP - 400 words
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Article66 2010-09-02 8 Sep 1 VALUE CLOSE BT OB/OS -138.00 +199.0 BT CADI -*****.00 +151.0 BT 10-day MA -*****.00 -14.00 FTSE ST Mid Cap 724.52 +5.36 FTSE ST Small Cap 535.39 +3.68 FTSE ST All Share 734.42 +7.44 FTSE ST China Top 265.39 +4.28 FTSE ST China 296.94 +4.12 FTSE66 words
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Article59 2010-09-02 8 VOLUME Genting SP 177,933,000 Informatics 113,458,000 Golden Agri 94,180,000 China Hongxing 59,190,000 Adventus 55,974,000 Vallianz Hldgs 49,924,000 Transcu Grp 38,574,000 Yangzijiang 37,122,000 Noble Grp 28,811,000 Beng Kuang 28,223,000 VALUE($) Genting SP 311,642,690 DBS Grp 81,473,000 SingTel 65,525,450 Yangzijiang 59,337,390 Wilmar 59,283,709 CapitaLand 57,382,013 Golden Agri 54,132,825 Noble59 words
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Article110 2010-09-02 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 286.4 1.8 GLD 10US$ ***** 208.1 1.3 DBXT iBoxxKR 5US$ ***** 175.6 1.1 DBXT SPASX200 10US$ 2862 171.6 4.6 DBXT iBoxxUSTr 5US$ ***** 121.6 0.5 DBXT MSKorea 10US$ 4736 79.7 1.3 Jardine C&C 3318 66.0 2.0 DBXT STGLDv100 10US$ 2510 54.0110 words
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Article119 2010-09-02 8 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5456-101.3 -1.4 JSH 2442 -62.2 -1.8 JMH 4316 -32.4 -0.6 OCBC Bk 5.1%NCPS 100 ***** -20.0 -0.2 YHS 150 -15.0 -9.1 DBXT MSINDIA 10US$ 971 -13.5 -1.0 Ezra 168 -9.0 -5.1 Haw Par Corp 580 -9.0 -1.5 Khong Guan 150 -8.0119 words
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Article87 2010-09-02 8 Where S$ stands Sep 1 CHNG YR 2010 CLOSE FR Sep 31 S$ LOW S$ HIGH US$ 1.3492 0.55 1.4219 1.3472 Euro 1.7256 -0.34 2.0153 1.6886 Pounds 2.0761 0.82 2.2831 2.0003 A$ 1.2215 -1.22 1.2960 1.1515 Yen* 1.6045 0.22 1.6080 1.4467 Rupiah* 0.***** 0.30 0.***** 0.***** Baht* 4.3264 0.2687 words
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SINGAPORE NEWS
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Article, Illustration1004 2010-09-02 9 MALMINDERJIT SINGH - Changes in higher education in line with ESC recommendations earlier in year COMMENTARY MALMINDERJIT SINGH Correspondent WHILE many observers were surprised at the inclusion of the education component in Sunday’s National Day Rally speech, the changes announced on higher education, however,1,004 words
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443 2010-09-02 9 SIOW LI SEN - Its global crackdown on tax evasion led to HK office in 2009 By SIOW LI SEN US tax investigators may set up an office in Singapore as they tighten the noose around US citizens and Asian green card holders who have443 words
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Article, Illustration557 2010-09-02 10 EMILYN YAP - CapitaLand joint venture’s bid is 21% more than second highest bid By EMILYN YAP THE tender of a residen-tial-commercial site at Bedok Town Centre closed yesterday with nine bidders in the fray, most of which put up offers far exceeding expectations. TheFILE PHOTO - 557 words
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148 2010-09-02 10 THE certificate of entitlement (COE) bid deposit, which was halved to $5,000 for some vehicle categories to provide relief during the recession, will be restored to $10,000, starting with the COE bidding exercise on Oct 4. From October 2009, the Land Transport148 words
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290 2010-09-02 10 SINGAPORE Press Holdings (SPH) advertising unit CATS Classified has rolled out a new cutting-edge publishing system that is faster and more user-friendly. The Classified Advertisements Sales Hub CASH, for short is more intuitive for CATS staff because it runs on Windows, replacing a290 words
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333 2010-09-02 10 THE long-awaited shortlist of the prestigious Entrepreneur of the Year Award 2010, co-organised by the Association of Small and Medium Enterprises and Rotary Club of Singapore, was released yesterday. But instead of jockeying for the win, the 15 Top Entrepreneurs, said that they hoped333 words
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303 2010-09-02 10 MELISSA TAN - Legal jobs top the list; lower average pay seen for 2011 By MELISSA TAN FRESH graduates are getting paid more this year than last year, says management consulting firm Hay Group. Hay surveyed 89 companies in July and found average salary303 words
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257 2010-09-02 10 RECRUITMENT activity is increasing in several sectors such as information technology and logistics and supply chain, according to a report by Robert Walters. In line with the increasing buoyant economy, retail operations roles, from junior to senior level positions, continue to be in257 words
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328 2010-09-02 10 SINGAPORE not only scored on the sports front during the Youth Olympic Games (YOG), it also saw foreign-branded Visa card spending soar. Spending on Visa credit, debit and prepaid cards leapt 38 per cent year-on-year to $154 million from Aug 11-16 this328 words
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Article, Illustration613 2010-09-02 10 AMANDA CHNG, DANIEL CHAN, SYBIL NG - Founder Koe Khoon Poh reveals how right products, right timing and right people help build his company By AMANDA CHNG, DANIEL CHAN, SYBIL NG The writers are students of the NUS Business School WITH just $5,000 borrowed from his father 40YEN MENG JIIN - 613 words
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Page 9 Advertisements
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Advertisement140 2010-09-02 9 $20,000Overtrade* 1.88%Carloan* GuaranteedCOE* The New 2010 Honda CR-V. Control the roads in style. The 2.0L RVi and the 2.0L RVSi deliver 150ps, and the 2.4L RVSi delivers 170ps A 5-speed automatic transmission gives you a powerful and smooth drive Newly designed 17” and 18” alloy wheels Stylish new front grille140 words
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Advertisement71 2010-09-02 10 Celebrating Singapore´s Enterprising Spirit 2010 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. ICM Pharma was among the E50 winners in 2009. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by OCBC Bank, and71 words
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SINGAPORE INTERNATIONAL
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Article664 2010-09-02 11 CHUANG PECK MING - Local firms can grab a piece of Brazil’s World Cup and Olympics action, reports CHUANG PECK MING CHUANG PECK MING THE next World Cup will take place in 2014, and the Olympic Games in 2016 too far off to excite sports fans now. Even if664 words
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Article, Illustration476 2010-09-02 11 CHUANG PECK MING - By CHUANG PECK MING ST ELECTRONICS is getting a nice ride in Brazil and it’s looking forward to a great time ahead. The Singapore company, which takes pride in offering “rail electronics solutions”, has just clinched two deals to install passenger information systems476 words
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413 2010-09-02 11 Brazil is unique and Brazilians passionate Name: Fernando Tavares Manzione Designation: Regional director, Brazil Company Name: Via Global Network Q: What are the major misconceptions Singaporean businesses have when doing business in Brazil? A: The biggest misconception which I have seen over and over again is that Brazil is viewed413 words
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Article589 2010-09-02 11 CHUANG PECK MING - By CHUANG PECK MING MAKING a business decision in Brazil is not purely a commercial move. Not only do you have to get the workers on your side, but also the wider community where your business is located, says Tang Tat Kwong, group president and chief589 words
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221 2010-09-02 11 IF you are thinking of venturing to Latin America, tap on the two Free Trade Agreements (FTAs) that Singapore has with Panama and Peru to gain greater competitiveness. Implemented in March 2006, the Panama-Singapore FTA (PSFTA) provides Singapore traders and investors with a221 words
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Advertisement160 2010-09-02 11 Singapore International a fortnightly series brought to you by IE Singapore and The Business Times V Tin "IJSf Latin Asia Business Forum 2010 m Fostering Trade and Investment between Asia and Latin Amejjca 22 September 2010 The Fullerton Hotel, Singapore The Latin Asia Business Forum, returning for the seventh year,160 words
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ECONOMY WATCH
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Article, Illustration667 2010-09-02 12 Export boom, strong consumption drive 1.2% growth in second quarter [SYDNEY] Australia’s economy grew at the fastest pace in three years last quarter as households spent far more than expected while exports enjoyed an Asian-driven boom, reviving the risk of aAFP - 667 words
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352 2010-09-02 12 Bloomberg [BANGKOK] Thailand’s inflation rate held above 3 per cent for a ninth month in August, supporting the central bank’s view that interest rates can rise further. An index of consumer prices rose 3.3 per cent last month from a year earlier afterBloomberg - 352 words
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517 2010-09-02 12 Reuters [SEOUL] South Korean average exports per working day hit a five-month low in August as the world economy cooled, but an expected pick-up in inflation will likely prompt the central bank to raise interest rates as early as next week. The centralReuters - 517 words
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Article, Illustration652 2010-09-02 12 Signs of economy cooling after Q2 surge are piling up Bloomberg [ZURICH] Growth in Europe’s manufacturing industry slowed in August and export demand fell to the lowest in seven months, adding to signs that the economy is cooling after the second-quarter surge. A gaugeBloomberg; AFP - 652 words
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Page 12 Advertisements
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Advertisement50 2010-09-02 12 Large Oceanfront Bungalow Land in Sentosa Cove -fOne of the largest oceanfront land parcels approx.18,000 sq ft Opportunity to build your own bungalow approx.14,000 sq ft max. Rare dual views Front: Waterway view, Rear: Sea view Sea frontage: approx. 32m wide For more information, please contact: VIVIENNE K00 *****008 R50 words
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MALAYSIA/INDONESIA
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Article, Illustration623 2010-09-02 13 Economists point to slowing global recovery, moderate inflation conditions Bloomberg [SINGAPORE] Malaysian and Indonesian policy makers will probably keep interest rates unchanged this week to support their economies as the global recovery slows. According to 16 out of 17 economists surveyed by Bloomberg, BankBloomberg; REUTERS - 623 words
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353 2010-09-02 13 Reuters [JAKARTA] Indonesia’s Pertamina has shortlisted five companies, including Japan’s Toyo Engineering Sinopec Corp and Italy’s Saipem SP to build a US$1 billion refinery unit on Java, a company official said yesterday. The state oil and gas firm’s spokesman Mochamad Harun said South Korea’sReuters - 353 words
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301 2010-09-02 13 Bernama [PUTRAJAYA] Malaysian Prime Minister Najib Razak said yesterday that his government will not issue a travel warning to Malaysians visiting Indonesia at this time unless anti-Malay-sia sentiment in Indonesia deteriorates to the extent that the safety of Malaysians is threatened. The arrest ofBernama - 301 words
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137 2010-09-02 13 AP [KUALA LUMPUR] Malaysia’s central bank said yesterday it has approved four licences for Islamic life insurance to mostly foreign-led operators as part of an ongoing liberalisation to make Malaysia a regional Islamic finance hub. Bank Negara Malaysia said it had planned toAP - 137 words
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Page 13 Advertisements
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Advertisement75 2010-09-02 13 *****8 ARMENIAN^ A ft m -sWM m m 7s Vj YS* m 1 ation loc Conserved shophouses with 6-storey new extension in historic i I KJ lli STRATA OFFICES FOR SALE LIMITED UNITS 24 boutique 50H0 offices 549 1808sf, with ensuite shower Varenna Kitchenette, Miele Applicances American Oak Timber Flooring75 words
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Advertisement66 2010-09-02 13 HKLL BUSINESS SCHOOL Columbia Business School EMBA-Global Asia World-Class Executive MBA LONDON V l x HONGKONG X A 1 X IJ A IV NEWY s? 0 1 rri SPEI Lf Connected at all times Based in the business capitals of the world, EMBA-Global Asia empowers you to lead in a66 words
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GREATER CHINA
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Article, Illustration484 2010-09-02 14 Domestic orders drive surge, but gloom in US, Europe clouds outlook AFP [BEIJING] Manufacturing in China rebounded in August, surveys showed yesterday, easing concerns the economy was heading for a sharp slowdown in the second half of 2010. The turnaround was underpinned by domestic orders,AFP; REUTERS - 484 words
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308 2010-09-02 14 Reuters [TAIPEI] Chinatrust Financial, Taiwan’s biggest credit card issuer, expects profits from the Chinese market to exceed those of its home market as it aims to tap the mainland’s robust economic growth. Chinatrust is among the seven local lenders thatReuters - 308 words
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468 2010-09-02 14 Chinese wealth fund pledges to be passive investor AFP [WASHINGTON] The US Federal Reserve on Tuesday approved China Investment Corporation’s bid to buy up to a 10 per cent voting stake in investment giant Morgan Stanley. The US central bank and regulatorAFP - 468 words
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445 2010-09-02 14 Reuters [TAIPEI] Taiwan’s Fubon Financial put its name forward yesterday as a possible buyer of American International Group Inc’s (AIG) Taiwan unit after the collapse of a planned US$2.2 billion sale to a Chinese-led group. Fubon, one of the losing bidders for theReuters - 445 words
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247 2010-09-02 14 Reuters [BEIJING] China may launch an anti-monopoly probe into BHP Billiton’s US$38.6 billion bid for Canada’s Potash Corp, the China Business News said yesterday, citing a source familiar with the matter. China will also review the merger case of two Russian potashReuters - 247 words
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Article, Illustration415 2010-09-02 14 WP [WASHINGTON] The Commerce Department on Tuesday sidestepped a clash with China over that country’s currency policies, ruling that the value placed on the yuan could not be considered a direct subsidy to Chinese exporters. Ruling in a case brought by USWP; REUTERS - 415 words
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Page 14 Advertisements
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Advertisement120 2010-09-02 14 Pulses September issue out now! r LJ r PEOPLE Kingsmcn Creatines foince's 'ogcfier by deign I I How will the fallout from the Deepwater Horizon rig disaster affect the offshore industry? Broadway Industrial Group: Does solid state drives present an immediate risk to the company's business? What is Roxy-Pacific Holdings'120 words
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INDIA
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549 2010-09-02 15 Purchasing managers’ index up at a slower pace in Aug; July exports post 13.2% rise, slower than June’s 30% Reuters [BANGALORE] India’s manufacturing growth eased in August as the pace of new orders cooled following a slowdown in exports, underlining expectations that economic expansionReuters - 549 words
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Advertisement3709 2010-09-02 15 MANDATORY CONDITIONAL GENERAL CASH OFFER by KIM ENG CORPORATE FINANCE PTE. LTD. (Incorporated in the Republic of Singapore) (Company Registration No.: *****7700C) for and on behalf of JIT SUN INVESTMENTS PTE LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****8432W) to acquire all of the issued ordinary shares3,709 words
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ASIA-PACIFIC
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574 2010-09-02 16 Firms are cash rich, cross-holdings are falling, yen is strong, share prices are low Bloomberg [TOKYO] Japan “is ripe” for more mergers and acquisitions as companies have ample cash and the level of takeover activity is lower than it should be, according toBloomberg - 574 words
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Article, Illustration631 2010-09-02 16 Media prefers party vote to secret power deals by its leaders AFP [TOKYO] Japan’s Prime Minister Naoto Kan and his rival, powerbroker Ichiro Ozawa, kicked off a leadership battle yesterday that threatens to divide the ruling party only a year afterAFP - 631 words
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Article, Illustration607 2010-09-02 16 Other kingmaker MPs almost decided which coalition to back AP [CANBERRA] A Greens lawmaker yesterday agreed to help the centre-left Labor Party form a minority Australian government while other kingmaker legislators said they are close to deciding whether to back Labor or aAP - 607 words
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395 2010-09-02 16 Bloomberg [HANOI] Vietnam’s economy may expand 6.7 per cent this year, surpassing the original government target of 6.5 per cent as domestic production restores growth momentum and global trade recovers. The country’s economy continues to “develop in a positive direction”, unnamed governmentBloomberg - 395 words
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Page 16 Advertisements
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Advertisement335 2010-09-02 16 BUY IT-SELL IT-FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICE Notice hereb giventhat Mr LimChong Steveno fo of I/CNo:SXXX2533-Ei si is nolongerunder theemployment NISSINTRANSPOR (S)PTE LLTDwitheffectfrom31st ugust2010. ST ChipP Ltd I( I (Incorpor ed theRepublic Singapor CCoompan RegistrationNo*****7932D He thereforenotauthor ed ansactorconduct an usinessonbehalf NISSINTRANSPOR (S) PTE TDorrepresenthimselfasanagent the335 words
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ASIA-PACIFIC/WORLD
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Article, Illustration485 2010-09-02 17 CONRAD TAN - By CONRAD TAN [SINGAPORE] The number of Internet users in the world’s biggest developing markets will double to 1.2 billion by 2015, far exceeding the number in the most advanced countries. And this suggests that businesses planning to tap the growth inAFP FILE PHOTO - 485 words
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568 2010-09-02 17 ANTHONY ROWLEY - Move comes as G-20 countries consider new stimulus to avert double-dip ‘The task ahead is all the more complicated because ageing societies and global warming are putting additional pressure on public finances.’ IMF report By ANTHONY ROWLEY THE world’s most highly568 words
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Page 17 Advertisements
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Advertisement31 2010-09-02 17 S’PORE SINGERS WORK ON ENDHIRAN SOUNDTRACK It’s Turbanator time Is Harbhajan Singh ready to become the world’s top spin bowler? GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)31 words
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Advertisement83 2010-09-02 17 KNOWLEDGE ISN'T POWER UNLESS IT'S SHARED. The world class EMBA program where top executives converge Ranked No.l in the world by Financial Times (2009) Ranked No.l in the world by The Wall Street Journal (2008) Source: 2009 and 2008 EMBA Survey by FT and WSJ Join our information session to83 words
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WORLD
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731 2010-09-02 18 Samsung accounts for over 88% of market, leaves Japanese rivals struggling Bloomberg [TOKYO] Panasonic Corp, the world’s largest maker of plasma televisions, said it may fail to meet its sales target for 3-D sets after Samsung Electronics Co unleashed an “unexpected”Bloomberg - 731 words
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Article, Illustration753 2010-09-02 18 Reuters [LOS ANGELES] Hitachi Ltd is planning an initial public offering of its hard-drive unit in the United States, possibly by year’s end, sources familiar with the situation said. Bankers are in discussions with the Japanese company about an IPOReuters; BLOOMBERG - 753 words
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476 2010-09-02 18 Reuters [CANBERRA] Russia, Saudi Arabia and Bahrain are home to the wealthiest expats, with eurozone countries falling behind when it comes to paying for foreign expertise, according to a survey of expats yesterday. The third annual report commissioned by HSBC Bank International found financesReuters - 476 words
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493 2010-09-02 18 Bloomberg [LONDON] Sheikh Mansour bin Zayed Al Nahyan’s Manchester City accounts for more than a third of the total spent on new players by the Premier League’s 20 teams in the transfer window that closed on Tuesday. The Abu Dhabi rulingBloomberg - 493 words
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Page 18 Advertisements
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Advertisement8 2010-09-02 18 fftftjgSBtttil A. http://lifestyle.omy.sg 'New Makan Places ■C http://eat.omy.sg8 words
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Advertisement9 2010-09-02 18 k M T1 fW ST«»® in ttUS m www.radio9l3.com9 words
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AVIATION
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Article, Illustration572 2010-09-02 19 Airline weighing options, including capital markets Bloomberg [DUBAI] Emirates, the world’s biggest airline by international traffic, needs more than US$28 billion through 2017 to expand its fleet of Boeing and Airbus SAS jets, almost double the amount raised since 1996. Financing requirements for theBloomberg; AP - 572 words
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136 2010-09-02 19 Reuters [HONG KONG] Air China Ltd said that it had agreed to buy 15 Boeing 787-9 aircraft from Boeing for a total basic price of US$3.19 billion to expand fleet capacity. In a filing to the Hong Kong bourse late onReuters - 136 words
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Article3022 2010-09-02 19 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 SQ458 1410 --EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 MU8213 1820 QF81 1820 Amsterdam SQ323 0605 AZ3993 0025 US5410 0605 KL8363,022 words
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479 2010-09-02 19 India’s No 2 airline aims to use the funds to cut debt, help fund expansion Bloomberg [MUMBAI] Kingfisher Airlines Ltd, India’s secondbiggest carrier, plans to raise US$356 million selling shares to pare debt and help fund expansion. The airline seeks to collect asBloomberg - 479 words
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260 2010-09-02 19 Reuters [COPENHAGEN] In a bid to attract customers looking for a bargain Copenhagen Airport’s new low-cost terminal would offer airlines charges about 35 per cent lower than fees at its existing facilities, the airport operator said. The new CPH Swift terminal, whichReuters - 260 words
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199 2010-09-02 19 AFP [SHANGHAI] China’s aviation watchdog has ordered Huaxia Airlines to suspend all flights after the wings of one of its planes scraped the ground while landing, state media reported yesterday. The Civil Aviation Administration of China ordered the private carrier to launch a thoroughAFP - 199 words
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4181 2010-09-02 20 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.4,181 words
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Page 19 Miscellaneous
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Miscellaneous364 2010-09-02 19 CRYPTIC CROSSWORD Across 1 ‘I left girl to other men’: man being incompatible (3-8) 7 The prize I had as an archer (5) 8 Suffered no end with urge to be put right (9) 10 Old artefact in hole deteriorating over time (7) 11 Plain little girl about to enter364 words
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Page 20 Advertisements
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Advertisement31 2010-09-02 20 Shipping lines seeking reliable logistics partners Can they find your services here in the Shipping Times? O 6 TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES31 words
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SHIPPING
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Article, Illustration504 2010-09-02 21 New ships flooding market, iron ore demand in China weakening [SINGAPORE] Freight rates for dry bulk carriers could tumble near historic lows next year as new ships flood the market and iron ore demand in China weakens, said the head ofFILE PHOTO - 504 words
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695 2010-09-02 21 Its goal is to be one of the world’s top 10 makers by 2015 Bloomberg [SINGAPORE] Hyundai Heavy Industries Co, the world’s largest shipyard, plans to increase wind-power sales 13-fold as concern about climate change spurs demand for alternative energy. The shipyardBloomberg - 695 words
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422 2010-09-02 21 Bloomberg [LONDON] A surplus of supertankers competing for two million-barrel cargoes of Middle East crude oil stayed unchanged, undermining owners who have refused charters to try to halt a collapse in rental income. There are 20 per cent more very large crude carriers,Bloomberg - 422 words
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Article278 2010-09-02 21 SGX '000 Sep 01 S$ +/-Vol CH Offshore 0.51 0.01 1253 Chuan Hup Hldg 0.26 0.01 61 Cosco Corp 1.63 0.05 ***** CWT Ltd 0.92 0.02 649 Ezra Hldgs 1.68 -0.09 ***** First Ship Lea 0.41 unch 4 Freight Links 0.06 unch 8643 Grand Banks unch unch 0278 words
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Page 21 Advertisements
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Advertisement15 2010-09-02 21 Experienced shfp maintenance services wanted. Can they find your services here in the Shipping Times?15 words
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EDITORIAL & OPINION
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Article450 2010-09-02 22 EDITORIAL WITH the Next Generation Nationwide Broadband Network (Next Gen NBN) hitting the home stretch, the telecommunications industry in Singapore, particularly broadband Internet access, is getting ready for a major shake-up. The Next Gen NBN infrastructure is vendorneutral, which dramatically reduces barriers to entry.450 words
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Article, Illustration944 2010-09-02 22 STEPHEN ROACH - The era of American exceptionalism, which followed Japan’s failed ascendancy, is over STEPHEN ROACH The writer is on the faculty at Yale University and is non-executive chairman of Morgan Stanley Asia. He is the author of ‘The Next Asia’ (Wiley 2009) BACKBLOOMBERG - 944 words
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Article, Illustration868 2010-09-02 22 THOMAS FRIEDMAN - THE BOTTOM LINE THOMAS FRIEDMAN NYT US PRESIDENT Barack Obama is embarking on something I’ve never seen before taking on two Missions Impossible at the same time. That is, a simultaneous effort to heal the two most bitter divides in theNYT - 868 words
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Article, Illustration1389 2010-09-02 23 SIMON TAY - Too many see the countries as if they are already world powers, echoing the hubris that preceded the Asian crisis By SIMON TAY The writer is chair of the Singapore Institute of International Affairs and author of ‘Asia Alone: The Dangerous Post-Crisis Divide From America’BLOOMBERG - 1,389 words
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Article, Illustration809 2010-09-02 23 MATTHEW LYNN - Bundesbank board member should leave any discussion of a ‘Jewish gene’ to biologists and geneticists MATTHEW LYNN The writer is a Bloomberg News columnist and the author of ‘Bust’, a forthcoming book on the Greek debt crisis. The opinions expressed are his ownBLOOMBERG - 809 words
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SINGAPORE STOCKS
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Article8928 2010-09-02 24 Transaction date: Sep 1 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 20.5 13 3148 8Telecom 18 18 18.5 1.7 10.1 5.8 86.2 12 6 5834 A-Sonic 7 unch 11088,928 words
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Article1692 2010-09-02 25 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 9 4.5 1181 t AA Grp 4.5 4 4.5 25 4.3 225 130 6222 t APStrategic 194 178 190 115.1 4 0.51,692 words
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Article797 2010-09-02 25 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 118 +3 10 118 114 114.5 118 538.6 930 716 CIMBAsean40 100US$ US930 +16 320 930 920797 words
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Article251 2010-09-02 25 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 36.5 6000 AVJennings A44cd 43.5 47 3.6 8 3.5 114.6 31.5 16 6017 Genting HK US$ US29 +0.5 ***** 29.5 28.5 29 29.5251 words
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Article9378 2010-09-02 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.15/ APS Alpha Fund (USD)!** 0.85/ APS Alpha Fund Cl B SGD!** 1.14/ APS Alpha Fund Cl B USD!** 0.84/ AXA Life Secure Ascent 2020 Fund 0.9722/0.9722 AXA Wealth Mgt S'pore Pte Ltd AXA WM9,378 words
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FINANCE & COMMODITIES
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374 2010-09-02 26 In local curr In S$ In US$ dy yr dy yr dy yr Aug 31 Index Change Change Change Change Change Change World Index Preliminary 780.9 -0.1 -6.2 0.0 -10.6 -0.1 -7.3 EAFE Preliminary 725.7 -0.6 -7.5 -0.4 -13.0 -0.5 -9.8 Europe Preliminary 1061.8 0.2374 words
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Article132 2010-09-02 26 Sep 1 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1970 1.2340 Can dollar 1.2640 1.2800 Euro 1.7070 1.7270 NZ dollar 0.9390 0.9600 Sterling pound 2.0670 2.0900 US dollar 1.3470 1.3620 Local dollars to 100 units of foreign132 words
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Article27 2010-09-02 26 Sep 1 Open High Sett STI Sep 2983 SIMSCI Sep 346.4 352.4 352.3 Taiwan Sep 268.1 270.6 270.3 Source: MF Global (S) Pte. Ltd27 words
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Article177 2010-09-02 26 Sep 1 $S Offer Bid Overnight 0.07 0.05 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.15 US$ Offer Bid 7 days 0.33 0.23 1 month 0.48 0.28 2 months 0.50 0.30 3 months 0.55 0.35 6 months 0.75 0.55 9 months 0.90 0.70 12177 words
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Article22 2010-09-02 26 Sep 1 S$ Bid Offer 1-month 1.3511 1.3523 2-months 1.3511 1.3523 3-months 1.3511 1.3523 6-months 1.3508 1.3520 Source: OCBC22 words
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Article66 2010-09-02 26 Sep 1 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 10 2675 2695 2686 2660 179 2767 Oct 10 2600 2590 2600 2555 753 ***** Nov 10 2555 2535 2555 2506 ***** ***** Dec 10 2540 252466 words
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Article421 2010-09-02 26 Sep 1 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.6900 0 1062 Dec10 99.5900 0 5638 Mar11 99.5250 0 2913 Jun11 99.4400 0 1954 EUROYEN TIBOR FUTURES Sep10 99.6650 99.6650 99.6650 99.6600 0 3745 Dec10 99.7050 99.7050 99.7050 99.6950 164 1942 Mar11 99.7100 0 2043421 words
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Article138 2010-09-02 26 Sep 1 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Oct 10 345.0 340.0 345.0 10 Nov 10 342.0 Dec 10 342.0 Jan 11 342.0 Feb 11 342.0 Mar 11 343.0 Apr 11 345.0 345.0 345.0 20 May 11138 words
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Article88 2010-09-02 26 Sep 1 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 02.12.2010 0.28 1-Year BY*****W 03.05.2011 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.25 104.30 104.30 5-Year N*****0N 1.375 01.10.2014 102.83 102.95 102.9088 words
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Article105 2010-09-02 26 Aug 31 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 10 1008.00 1018.00 1024.25 1005.00 Nov 10 1010.00 1022.50 1027.00 1006.75 Jan 11 1019.25 1031.75 1035.50 1016.00 Mar 11 1024.25 1036.00 1040.25 1021.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 10 39.48 39.95 39.98105 words
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Article77 2010-09-02 26 CRUDE OIL PRODUCTS Aug 31 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 75.88 -0.39 WTI (Near Mth) 71.64 -2.83 Dubai (1-Mth F) 73.75 -0.53 Tapis blend 80.80 -0.40 Minas 75.70 -0.50 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 72.44 -0.78 Jet Kerosene 86.00 -0.40 US$/barrel Opec Oil77 words
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2259 2010-09-02 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 3.5 unch 4389 1 3 -7 2.00 3 6221 Asia-Pacific Strategic W*****6 38.5 1 150 -3 5.04 44 6227 ASJ Hldgs W*****1 3.5 1 42,259 words
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Article464 2010-09-02 26 Sep 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.957 6.136 0.707 7.007 42.259 81.176 0.758 10.685 2.823 1.280 77.135 40.615 1.218 6.645 0.915 28.891 28.078 0.585 0.901 Canada 1.045 6.411464 words
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Article85 2010-09-02 26 Sep 1 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-09-02 26 Sep 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2169 1.2187 0.9007 0.9012 Canadian dollar 1.2714 1.2732 0.9410 0.9415 Euro 1.7202 1.7224 1.2732 1.2737 NZ dollar 0.9501 0.9523 0.7032 0.7042 Sterling pound 2.0822 2.9847 1.5411 1.5416154 words
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Article139 2010-09-02 26 Sep 1 GOLD (US$/oz) Aug 31 Sep 01 Hong Kong 1235.00 1250.10 Aug 30 Aug 31 London closed 1246.80 1247.20 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Sep 01 (S$) Selling Buying Kilobar 58,245.45 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 130.54 54 5gm 370.22 272139 words
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Article60 2010-09-02 26 Aug 31 Aug 31 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2042.25 closed 3 months 2058.00 Copper, Grade A (US$/tonne) Cash 7426.25 3 months 7440.00 Lead (US$/tonne) Cash 2043.50 3 months 2070.00 Nickel (US$/tonne) Cash *****.00 3 months *****.00 Tin (US$/tonne) Cash *****.00 3 months *****.00 Zinc, Special60 words
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Article70 2010-09-02 26 Aug 31 COCOA (£/tonne) Close Prev High/Low Sep 10 1951 closed1981/1919 Dec 10 1954 1976/1915 Mar 11 1968 1985/1926 May 11 1978 1996/1945 COFFEE (US$/tonne) Close Prev High/Low Sep 10 1602 1612/1577 Nov 10 1641 1650/1617 Jan 11 1657 1666/1636 Mar 11 1675 1684/1654 SUGAR (US tonne) White Close70 words
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BizIT
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695 2010-09-02 27 RAJU CHELLAM - The university says all its 11,000 students and about 200 full-time faculty and staff can access the cloud service, reports RAJU CHELLAM RAJU CHELLAM FOLLOWING on the heels of the Ministry of Education’s (MOE) move to put 30,000 teachers in 350 public695 words
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Article, Illustration520 2010-09-02 27 VICTORIA HO - By VICTORIA HO COMPANIES continued to invest in data integration throughout the recent financial crisis and this investment has continued as economies pick up, said Informatica’s CEO, Sohaib Abbasi. This interest has been a boon to Informatica, which specialises in data integration technology.520 words
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Article, Illustration654 2010-09-02 27 VICTORIA HO - By VICTORIA HO IF the mobile applications market already seems crowded with handset makers and online portals trying to push apps to consumers, expect things to get even more interesting as telecoms carriers get into the game. Ryan Wuerch, CEO of Motricity, thinks654 words
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Article267 2010-09-02 27 GADGET lovers looking for the greatest and best at bargain prices will be flocking to Suntec for the Comex 2010, tradeshow which opens today. The show will run till Sunday and is expected to attract a record number of visitors and generate millions of dollars in267 words
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739 2010-09-02 27 AP [SAN FRANCISCO] As the world’s biggest maker of computer chips, Intel Corp can’t afford to ignore its huge blind spot in mobile phones. Eighty per cent of today’s personal computers use Intel processors. But Intel is absent in smart phones,AP - 739 words
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PROPERTY
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Article, Illustration884 2010-09-02 28 Residential site fetches 26% more than forecast; sign developers confident Bloomberg [HONG KONG] Hong Kong sold a luxury residential site at auction for 26 per cent more that analysts estimated, a sign developers are confident home prices will withstand tighter mortgage rules andBloomberg; BLOOMBERG - 884 words
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Article, Illustration867 2010-09-02 29 Plans to spend US$1.5b on deluxe hotels and golf course in Andermatt [GENEVA] An Egyptian billionaire with a penchant for risk is transforming a sleepy Swiss village into a ritzy resort that may one day rival Verbier. Samih Sawiris’s Orascom Development Holding AG plansBLOOMBERG - 867 words
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275 2010-09-02 29 Bloomberg [NEW YORK] State of New York Mortgage Agency, which provides subsidised home loans to low- and moderate-income families, cut its borrowing costs 31 per cent since April on about US$133 million in tax-exempt housing bonds as demand from individual investorsBloomberg - 275 words
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Article, Illustration571 2010-09-02 30 KALPANA RASHIWALA - By KALPANA RASHIWALA WITH Savills Singapore managing director Michael Ng headed for Singapore Land (SingLand) and its parent United Industrial Corporation (UIC) on Oct 1, his current job at Savills will be assumed by the property consultancy group’s Southeast Asia CEO, Chris Marriott.571 words
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Article, Illustration546 2010-09-02 30 KALPANA RASHIWALA - Veteran residential property consultant will leave at end of the year By KALPANA RASHIWALA VETERAN residential property consultant Peter Ow is retiring from Knight Frank at the end of this year. The 55-year-old hopes to go on a long break before deciding what to546 words
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1246 2010-09-02 30 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED One Shenton Apt 05/08/2010 99 581 1165 2005 The Clift Apt 10/08/2010 99 775 1337 1725 District1,246 words
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Page 28 Advertisements
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Advertisement343 2010-09-02 28 The World of Luxurious Real Estate THE QUILLION TEAM 6222 2321 9189 5111 THE BUNGALOWS Kampong Chantek Brand new bungalow. Elegantly designed with an built in area of 8000sf and lovely grounds of *****sf. Tastefully designed interior with good use of natural light and space. Nassim Rd (26 OOOsf) build343 words
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Advertisement101 2010-09-02 28 JONES LANG LASALLE Real value in a changing world For Sale By Expression Of Interest 18 New Industrial Road Goldbell Towers Fully fitted offices for Lease 51,000 sf (sub-divisible to 4,500 sf) Regular floor plate of 9,343 sf per floor Excellent move in condition with fully fittedmeetingrooms,managerialoffices open concept work101 words
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Advertisement385 2010-09-02 28 PRIME FREEHOLD RESIDENTIAL REDEVELOPMENT SITE FOR SALE Balmoral Condominium SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. Singapore Chinese Girls' Sch Q (J Anglo-Chinese Sch (Pri) Bu «it Tia "fc Balmoral H Plaza KI Sloane Court Hotel385 words
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Page 29 Advertisements
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Advertisement572 2010-09-02 29 77 IM' f 4 /*i > 'Ji J m m 7 "wivn tr 1 TW\ Cambridge Riverside Midsummer Common mZ IT I I PS^SBS Cambridge An educated investment Apartments available from £234,950+ Stunning one-, two- and threebedroom apartments and penthouses and five-bedroom townhouses in a unique riverside location Townhouses feature572 words
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Page 30 Advertisements
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Advertisement35 2010-09-02 30 Reach out to prime international and local tenants with Savills Retail Lifestyle Leasing Savills has more than 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world. savills savills.com35 words
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