The Business Times, 2 November 2010
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2010-11-02
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The Business Times
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Title Section22 2010-11-02 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, November 2,201022 words
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553 2010-11-02 1 PAULINE NG - Good gains from recent sister IPO set to rub off on Petronas Chemicals By PAULINE NG IT has been billed as the region’s biggest ever flotation exercise and applications opened yesterday for the retail portion of Petronas Chemicals Group’s public share sale. Some553 words
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Article144 2010-11-02 1 G ST INDEX 3,192.18 (+49.56) G ST INDEX FUTURES 3,188 (+50) G SIMSCI 375.67 (+5.27) G SIMSCI FUTURES 376.00 (+6.50) FOREX US$ S$ US$ (S$ per US$) 1.291 (US$/S$ per 1.604 2.071 EURO (US$/S$/E) 1.397 1.804 Foreign currency per US$ S$ YEN 80.50 62.30 RM 3.096 2.397 HK$144 words
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Article, Illustration834 2010-11-02 1 CONRAD TAN - They say Basel III could create more problems than it solves, without addressing core issues By CONRAD TAN [SINGAPORE] Top bankers have stepped up their criticism of the Basel III rules for banks ahead of the G-20 summit in Seoul nextFILE PHOTO - 834 words
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Page 1 Advertisements
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Advertisement127 2010-11-02 1 ENTERPRISE 50 Atlas Vending’s recipe for growth PAGE 16 ENERGY Nuclear plant not any time soon: PM Lee PAGE 4 SME INC Why Korvac changed its business model PAGE 14 LEADERS’ PERSPECTIVE Private banking at an important crossroads PAGE 36 PROPERTY Developers eye project releases before holidays PAGE 34 Hotel127 words
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TOP STORIES
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Article570 2010-11-02 2 Bankers close ranks to wage war on new rules TOP bankers have stepped up their criticism of the Basel III rules for banks ahead of the G-20 summit in Seoul next week, warning that the rules would hurt an already fragile recovery in the advanced economies. Bankers say570 words
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419 2010-11-02 2 CONRAD TAN - Portfolio should continue to expand in coming months, but at slower pace By CONRAD TAN [SINGAPORE] Applications for home loans at OCBC Bank have dropped by a fifth since the government announced new measures to cool the property market on Aug 30, chief419 words
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Article, Illustration845 2010-11-02 2 SIOW LI SEN - By SIOW LI SEN [SINGAPORE] The new boss of the wealth management unit at Royal Bank of Scotland (RBS) is looking at pulling out of some countries where it has a small presence to channel more resources into its Asian operations. TimingYEN MENG JIIN - 845 words
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412 2010-11-02 2 Economy on track for continued stable growth: survey AP [SHANGHAI] Chinese manufacturing accelerated in October with spending on infrastructure projects spurring a jump in new equipment orders even as export demand remained subdued, surveys showed yesterday. The state-affiliated China Federation of Logistics and Purchasing saidAP - 412 words
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Article, Illustration460 2010-11-02 4 JOYCE HOOI - S’pore should have ability to exercise option should it be necessary one day By JOYCE HOOI [SINGAPORE] While a nuclear power plant in Singapore is not just around the corner, it is certainly on the horizon. When pressed for a timeframeFILE PHOTO - 460 words
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633 2010-11-02 4 GRACE LEONG - By GRACE LEONG [SINGAPORE] The American and Asian joint venture partners of Macao Studio City are duking it out in Hong Kong’s High Court for control of the stalled US$2.4 billion integrated resort project amid growing risk that the 35 acre site633 words
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710 2010-11-02 4 NEIL BEHRMANN - Many aim to build up ties with SWFs: BNY Mellon survey By NEIL BEHRMANN A GROWING number of corporations are targeting Singapore and Hong Kong for their investment relations road shows. Many aim to build up relations with sovereign wealth funds710 words
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Article, Illustration265 2010-11-02 4 AFP [HONG KONG] A consortium led by Hong Kong’s richest man Li Ka-shing said yesterday that it has completed a US$9.28 billion takeover of the British power distribution network of French electricity giant EDF. The acquisition of EDF Energy was completedAFP; APPLE DAILY - 265 words
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Page 2 Advertisements
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Advertisement11 2010-11-02 2 OCBC’s Q3 profit up 27% on rapid loans growth, Page 511 words
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Page 3 Advertisements
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Advertisement135 2010-11-02 3 m > v N 4 sssapw &M We were there when young people used to do the ioget, foxtrot and the cha-cha. We were there when disco was cool. (What were we thinking!?) We were there all through breakdance, techno, hip-hop, and (oh dear) the macarena. e II be there135 words
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Page 4 Advertisements
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Advertisement103 2010-11-02 4 i > r r A NEW ERA IN CONFERENCING IS HERL PLEASE DISPOSE OF THE OLD ONE RESPONSIBLY. Introducing LifeSize® Passport™: the new era in High Definition video conferencing. The rules of business have changed. Global networks and green initiatives require more effciency than ever. That's why we created a103 words
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Advertisement37 2010-11-02 4 Ill Rare Freehold Bungalow Land 6400 Approx build 3200 Spacious driveway park 3 cars Mins to St. Nicholas Girls School A c-7-7-7 The Ultimate Deal Maker Viewing by Appointment only III I yilD D III Julius Fock37 words
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Advertisement25 2010-11-02 4 1 Q FIND THE ONES THAT FIT! C Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. -725 words
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Page 5 Advertisements
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Advertisement1387 2010-11-02 5 Advertising Feature value delivered While you can trust an expert to do a job for you, your primary senses of hearing, vision, touch, taste, and smell remain alert until the job gets done. The same holds true even when you outsource Application Development and Maintenance (ADM) services. We, at Tata1,387 words
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COMPANY NEWS
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659 2010-11-02 5 CONRAD TAN - $570m profit beats analysts’ forecasts; Net interest income rises 10% to $754m By CONRAD TAN OCBC Bank’s net profit rose 27 per cent to $570 million in the third quarter, surpassing analysts’ estimates, as the bank expanded its loan book much659 words
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Article, Illustration519 2010-11-02 5 NISHA RAMCHANDANI - DMG advises investors to accept offer by Peter Lim HOT STOCK By NISHA RAMCHANDANI SHARES in Thomson Medical Centre shot up to $1.76 during trading yesterday before finally closing at $1.75 on last week’s news that private investor Peter Lim had launched a generalFILE PHOTO - 519 words
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235 2010-11-02 5 LYNN KAN - By LYNN KAN AHEAD of its third-quarter results to be released tomorrow, main-board-listed Cosco Corporation has announced more bulk carrier order wins, adding to the momentum of the past two months. Cosco (Dalian) Shipyard a subsidiary of 51 per cent owned subsidiary Cosco235 words
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Article, Illustration690 2010-11-02 7 EMILYN YAP - Reits with China assets affected as yuan’s appreciation lags Sing dollar’s REITS By EMILYN YAP THE appreciating Singapore dollar has come as bad news to some property trusts that own overseas assets. Earnings converted from weaker foreign currencies into Sing dollars have shrunk for690 words
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Article420 2010-11-02 7 EMILYN YAP - Cross-border Reits, dual listings, rights issues on the cards By EMILYN YAP AT LEAST five real estate investment trusts (Reits) could be making their debut on the Singapore stock exchange in the next six months, possibly raising an average of at least $500 million420 words
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502 2010-11-02 8 LYNETTE KHOO - It sees proposed SGX-ASX merger spurring more tie-ups, dual listings By LYNETTE KHOO WHILE synergies in the proposed merger between the Singapore and Australian stock exchanges are not guaranteed, the deal has highlighted to Western bourses the urgency of participating in the Asian502 words
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383 2010-11-02 8 WEI GU - REUTERS BREAKINGVIEWS By WEI GU MAGNUS Bocker looks to have a case of dealmaker’s itch. The chief of the Singapore Exchange cut his teeth by buying and selling Nordic exchanges. Yet when he moved east, Mr Bocker said Asia didn’t need the same kind of383 words
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306 2010-11-02 8 NEW Lakeside Holdings has filed an application with the High Court of Singapore for an order that the company be placed under judicial management. The China-based apple juice maker’s board filed the application yesterday, saying they are “of the view that the company306 words
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COMPANY BRIEFS
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97 2010-11-02 8 CHINA Environment is seeking a dual primary listing on the main board of the Stock Exchange of Hong Kong. Directors believe that dual primary listing status will benefit the company by allowing it to tap into two of Asia’s most dynamic equity markets when97 words
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48 2010-11-02 8 SOUND Global yesterday said that it has won the bidding and signed an agreement for a stream sewage treatment plant project in China’s Jiangsu province. The first phase of investment for the project is about 130 million yuan (S$25 million), the company said.48 words
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117 2010-11-02 8 CHINA corn refiner Luzhou Bio-chem Technology has been served with a writ of summons from its former chief executive officer Michael Cheah Peng Hock. “The company has since entered an appearance in the action,” Luzhou said, adding that it totally disputes allegations made by117 words
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197 2010-11-02 8 A NEW index has been launched to capture the dividend returns from constituent stocks in the benchmark Straits Times Index (STI). The new STI Dividend Index represents the cumulative value of ordinary dividends paid by stock components of the underlying STI.197 words
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Article, Illustration1483 2010-11-02 9 Incorporated in Singapore. Co. Reg. No. *****2868E CHAIRMAN'S STATEMENT I am pleased to report that the SPH Group performed very well in the Financial Year 2009/2010 after going through a difficult period following the US subprime crisis in 2008. Our total revenue reached a record high1,483 words
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A SPECIAL SERIES BROUGHTTO YOU BY SHAREINVESTOR
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Article, Illustration658 2010-11-02 10 TSH Corporation Two Engines of Growth FEW would forget the mesmerising Beijing Olympic fireworks that lit up Beijing’s skyline. Closer to home, Catalist-listed TSH Corporation has managed a similar, but smaller, feat with the impressive fireworks of the inaugural Youth Olympic Games (YOG) opening and closing ceremonies that was beamed658 words
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Article, Illustration710 2010-11-02 10 GROWING one’s core business while at the same time diversifying one’s income streams is the way to attain high performance: this is the experience of mechanical and electrical (M&E) engineering specialist King Wan Corporation Limited (King Wan). King Wan Group achieved record710 words
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Article, Illustration770 2010-11-02 10 MR Lee Kok Wah, President and Group Chief Executive Officer of Otto Marine Limited, has been particularly pleased recently. Just three weeks ago, the Group announced that it has entered into a heads of agreement with GC Rieber Shipping ASA (“GC Rieber”) in770 words
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Article, Illustration735 2010-11-02 10 IN June this year, the Portek Group recorded a S$12.6 million net profit attributabletoshareholdersforFY2010. What this represents is a 47 percent year-on-year increase from FY2009 and, dramatically, the highest profit the Group has seen since it listed in March 2002. The numbers are particularly735 words
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Article, Illustration783 2010-11-02 11 IN Singapore’s burgeoning design sector, international markets are the way to go. This is the direction taken by lifestyle furniture maker and retailer Lorenzo, a brand that has been increasingly growing in recognition here over the last decade. The Lorenzo Group, which retails its conceptualised lifestyle furniture783 words
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Article, Illustration655 2010-11-02 11 Ryobi Kiso Green Foundation BEFOREtheBCAGreenMarkSchemewaslaunchedinJanuary2005,Singapore’sgroundengineeringpiling specialist Ryobi Kiso has already been making inroads to implement eco-friendly piling solutions for its customers. “There is a common misconception that eco-friendly technologies or processes are more costly and timeconsuming. In fact, we have been able to save time and resources for our customers655 words
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Article, Illustration891 2010-11-02 11 HEALTHCARE is one of the sectors projected to grow within the next few years, with healthcare providers seeing increased demand for their services. This is certainly the experience of homegrown healthcare and eldercare market leader China891 words
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Article, Illustration555 2010-11-02 11 Vallianz Holdings Limited Transformation To Marine Support Services CATALIST-LISTED Vallianz Holdings Limited has been in the investors’ lime light since its name change in August 2010. Formerly known as Enzer Corporation Limited, the Group changed its name to reflect its new business focus on vessel and equipment ownership, marine support555 words
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Article, Illustration398 2010-11-02 12 OKP Holdings Limited (OKP) is a leading homegrown infrastructure and civil engineering company in the region, specialising in the construction of airport runways and taxiways, expressways, flyovers, vehicular bridges, urban and arterial roads, airport398 words
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Article, Illustration753 2010-11-02 12 JES International Holdings Limited A New Yard, A New Era of Growth SHIPBUILDING is seeing a revival. As the global economy recovers, freight and transport are following closely, leading to growing demand for larger oceangoing vessels. Building upon this trend is major PRC shipbuilder JES International, which focuses on constructing753 words
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541 2010-11-02 12 MICHELLE QUAH - Otherwise, shareholders are likely to end up with shares in an unlisted company By MICHELLE QUAH MCL Land independent directors are advising shareholders to accept an exit offer from Hongkong Land as part of the latter’s plan to delist its 78 per cent541 words
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354 2010-11-02 12 FELDA CHAY - By FELDA CHAY FOOD and beverage firm Del Monte Pacific said yesterday that it made a net profit of US$3.3 million for its third quarter, a reversal from a US$1.7 million net loss a year earlier. Sales of the Philip-pine-based company354 words
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Article199 2010-11-02 12 At a glance 3 months ended Sept 2010 9 months ended Sept 2010 NET PROFIT (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 UOB 1990.00 1380.00 44.2 4236.00 4163.00 1.8 688.00 500.00 37.6 1468.00199 words
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471 2010-11-02 12 JOYCE HOOI - Company sees good prospects for its membrane process By JOYCE HOOI UNITED Envirotech nearly doubled its FY2011 Q2 net profit from $3.1 million to $6.1 million for the period ended Sept 30, the water and wastewater treatment group announced yesterday. This boost to471 words
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SINGAPORE MARKETS
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Article, Illustration586 2010-11-02 6 R SIVANITHY - ST Index leaps by almost 50 points, spearheaded by Jardine group’s stocks STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) yesterday jumped 49.56 points to 3,192.18 in tandem with Hong Kong most probably a play ahead of this week’s US FederalSource: Bloomberg - 586 words
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Article186 2010-11-02 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 3 0 0 0 5 8 3 Manufacturing 85 38 67 5 5 14 90 43 81 Commerce 22 17 23 3 4 6 25 21 29 Tpt/Stor/Comms 16 11 15186 words
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Article121 2010-11-02 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 33,818 33,818 158,748 158,748 Manufacturing 404,490 13,511 418,001 254,922 1,195 256,118 Commerce 104,438 9,416 113,854 153,083 2,116 155,199 Tpt/Stor/Comms 184,827 1,113 185,940 314,603 77 314,680 Finance 32,049 50 32,099 293,302 7 293,309 Construction 48,048 48,590121 words
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Article110 2010-11-02 6 Stock name Close Change CapMallsAsia 2.140 CapitaLand 3.840 -0.050 CapitaMall 1.980 CityDev 12.860 +0.140 ComfortDelGro 1.470 -0.010 DBS Grp 14.000 +0.100 F&N 6.400 +0.160 Genting SP 2.230 +0.060 Golden Agri 0.680 +0.030 HK Land 7.200 +0.300 JMH 46.000 +1.000 JSH 26.880 +0.720 Jardine C&C 39.800 +0.500110 words
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BROKERS’ TAKE
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Article, Illustration452 2010-11-02 6 Nov 1 close: $9.36 OCBC Investment Research, Nov 1 VENTURE Corp reported its Q3 2010 results last Friday, with revenue slipping 26.9 per cent y-o-y to $677.9 million, or about 1.9 per cent above our forecast, as it continues to revamp its printing imaging (P&I) business; this bySource: Bloomberg - 452 words
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Article502 2010-11-02 6 JOYCE HOOI - CapitaLand Nov 1 close: $3.84 DBS Group Research, Nov 1 Compiled by JOYCE HOOI CAPITALAND’S 35 per cent and 43 per cent declines in Q3 revenue and profit after tax minority interests to $684.6 million and $159.6 million respectively were expected. This was due to lower contributions from Singapore502 words
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Article, Illustration520 2010-11-02 6 CURRENCIES Reuters [NEW YORK] The US dollar slipped against a major currency basket yesterday, as markets braced for expected Federal Reserve easing this week that could push Treasury yields lower and diminish the allure of US assets. Japanese intervention fears came to theReuters; AFP - 520 words
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Article66 2010-11-02 6 Nov 1 VALUE CLOSE BT OB/OS -271.00 +266.0 BT CADI -*****.00 +114.0 BT 10-day MA -*****.00 -27.00 FTSE ST Mid Cap 793.87 +8.23 FTSE ST Small Cap 584.99 +5.20 FTSE ST All Share 789.72 +11.31 FTSE ST China Top 295.99 +4.17 FTSE ST China 338.97 +6.25 FTSE66 words
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Article54 2010-11-02 6 VOLUME ThomsonMed 127,760,000 Genting SP 99,117,000 BerlianLaju 51,046,000 Golden Agri 50,878,000 Oxley 46,972,000 Noble Grp 44,873,000 TopGlobal 44,473,000 GLP 43,549,000 XinRen 42,977,000 ChinaNTown 38,794,000 VALUE($) ThomsonMed 223,525,090 Genting SP 218,178,823 CapitaLand 147,780,770 Keppel Corp 122,970,960 SingTel 119,751,715 GLP 99,412,788 Noble Grp 86,755,020 DBS Grp 86,122,114 OCBC Bk54 words
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Article107 2010-11-02 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 542.1 3.1 GLD 10US$ ***** 304.6 1.8 JMH 4600 129.1 2.2 JSH 2688 92.9 2.8 DBXT E50 10US$ 4331 83.9 1.5 IS DJ US Tech 6196 74.9 0.9 IS S&P500 ***** 69.7 0.5 ThomsonMed 175 67.0 62.0 DBXT MSEurope 10US$ 4551107 words
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Article120 2010-11-02 6 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 4800 -83.9 -1.3 OCC 3.93% NCPS10 9530 -70.0 -0.7 Lyxor MS India 10US$ 1832 -33.6 -1.4 Asia Pac Brew 1804 -16.0 -0.9 CapitalaMBLeCW*****2 18 -10.0 -35.7 OCBC Bk 5.1%NCPS 100 ***** -10.0 -0.1 Great Eastern 1590 -8.0 -0.5 TCT 160 -6.0120 words
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Page 7 Advertisements
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Advertisement289 2010-11-02 7 See the world of ETFs through our eyes. iShares* Keep evolving iShares, the world's leading ETF provider, now offers four convenient ways to access global markets from Singapore. iShares S&P 500 Index Fund (117) iShares MSCI Singapore Index Fund (119) iShares MSCI India (198) iShares MSCI Dow Jones U.S. Technology289 words
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Advertisement1870 2010-11-02 8 SINGAPORE PRESS HOLDINGS LIMITED (Co Regn No: *****2868E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Sixth Annual General Meeting of the Company will be held at The Auditorium, 1000 Toa Payoh North, News Centre, 1 st Storey, Annexe Block, Singapore *****4 on Wednesday, December 1, 20101,870 words
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SINGAPORE NEWS
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SINGAPORE ROUNDUP
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74 2010-11-02 13 NTUC Eldercare has opened its seventh social day care centre Silver Circle (Dakota Crescent) at Block 62 Dakota Crescent, #01-315. It is the first such centre to offer an active rehabilitation programme to help seniors affected by various medical conditions. NTUC Eldercare is working with74 words
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97 2010-11-02 13 MORE than 450 delegates from 25 countries are in Singapore for the inaugural International Skyrise Greenery Conference 2010 at the National Library Building. The conference is the first of its kind in the Asia-Pacific region to cover not only rooftop gardens and green roofs97 words
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263 2010-11-02 13 LYNN KAN - By LYNN KAN JUST as Singapore kicks its R&D capabilities up a few notches, the Institute of Electrical and Electronics Engineers (IEEE) the world’s largest technical professional association is expanding its Singapore operations and moving closer to the nation’s heart of research263 words
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453 2010-11-02 13 KAREN NG - Most Improved Agency SLA tops league of 26 bodies in survey By KAREN NG GOVERNMENT agencies here are becoming significantly more pro-enterprise and have, in fact, just achieved the highest score ever on a survey designed to measure it. Collectively, the agencies saw453 words
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Article, Illustration89 2010-11-02 13 THE groundbreaking ceremony of Kingfisher Lake at Gardens by the Bay yesterday combined both environmental awareness with corporate social responsibility, the two social buzzwords of the year. Yuzaburo Mogi (third from left), chairman and chief executive officer of Kikkoman, donated $1 million for enhancement of the lake.89 words
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Article393 2010-11-02 13 LEE U-WEN - SIIA gives its take on state of human rights in Singapore By LEE U-WEN SINGAPORE’S oldest think tank has joined the growing list of civil society organisations that have submitted reports on the country’s human rights status to the United Nations (UN). The Singapore393 words
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Article, Illustration523 2010-11-02 13 RONNIE LIM - By RONNIE LIM YTL-owned PowerSeraya is interested in commercially importing Malaysian electricity into Singapore sooner than the government’s suggested medium-term 2018 target, while China Huaneng-owned Tuas Power is looking into the possibility of coal gasification to produce electricity. The heads of the two523 words
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306 2010-11-02 13 KALPANA RASHIWALA - Tender for reserve list plot triggered after minimum bid By KALPANA RASHIWALA THE Urban Redevelopment Authority (URA) will put a hotel plot in the Tanjong Pagar area on the reserve list for tender after a successful application from an unnamed developer306 words
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Article408 2010-11-02 13 Oct 29 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of408 words
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Page 13 Advertisements
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Advertisement112 2010-11-02 13 Fantasy Waterbeds Pte Ltd Where Sleep Matters. We 11 knock you out without thepills! We've mastered the science of sleep without counting sheep, drinking milk or popping harmful pills to give you complete holistic sleep and all the benefits that come with it. Waterbeds Latex Memory Foam Spring Mattresses Feather112 words
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SME Inc
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Article, Illustration937 2010-11-02 14 LYNN KAN - Korvac changed its business model when the dotcom bubble burst, reports LYNN KAN LYNN KAN IF naturalist Charles Darwin had known Jeremy Tan, he might have hit upon his theory of evolution survival of the fittest without having to go all the wayARTHUR LEE - 937 words
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451 2010-11-02 14 TEH HOOI LING - By TEH HOOI LING OUR small-cap portfolio continued to advance albeit marginally in the five trading sessions to yesterday. It edged up 0.06 per cent, compared with the 0.16 per cent registered by the FTSE Straits Times Small Cap Index. The blue chip Straits451 words
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Article, Illustration1049 2010-11-02 15 ASK THE PROF Q: What is the competitive edge and potential risks of venturing into the business of TCM herbs cultivation and distribution in Singapore vs neighbouring country? How mature is this industry in Singapore and is there any government support in this industry? A:FILE PHOTO - 1,049 words
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Article, Illustration1058 2010-11-02 16 MURUGESAN SHREE VALLIYAMMAI, SAMYUKTHA SANTHANAM, GERARD YIP KAI MAN - Sound strategy, efficient operations, proper resource allocation and competent staff make up Atlas Vending’s recipe for growth By MURUGESAN SHREE VALLIYAMMAI, SAMYUKTHA SANTHANAM, GERARD YIP KAI MAN The writers are students ofNUS Business School AT a time when only the big names dominated the vendingFILE PHOTO - 1,058 words
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Article, Illustration915 2010-11-02 16 NATASHA BTE MOHAMED ISMAIL, RINUS DIBIYA KUSWARA KOE, TAN YU LIN FELICIA - Azen Manufacturing has achieved much in constantly striving for innovation and establishing close customer relationships By NATASHA BTE MOHAMED ISMAIL, RINUS DIBIYA KUSWARA KOE TAN YU LIN FELICIA The writers are students ofNUS Business School VENTILATION fans are a common sight in Singapore’s hot andFILE PHOTO - 915 words
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Article, Illustration1003 2010-11-02 17 CHAN MIN LI, VALERIE CHUA, SARA LAU - King Plastic has progressed from being a small player in the plastics manufacturing industry to a market leader today By CHAN MIN LI, VALERIE CHUA, SARA LAU The writers are students of NUS Business School TUCKED away in a corner of Yishun is Singapore’s leadingARTHUR LEE - 1,003 words
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Page 14 Advertisements
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Advertisement193 2010-11-02 14 EMBRACING NIVUVATION EDEFINING YOUR ENTERPRISE 16 November 2010 BlueSky Conference BlueSky Gala Grand Copthorne Waterfront Zouk action community for entrepreneurship BlueSky festival Key Speakers Mr Sunny Verghese Group Managing Director CEO Olam International (Singapore) Dr Christopher Tsai Founder Chairman BIONET Corporation (Taiwan) Dr Geoffrey Nicholson Vice President (Retired) International Technical193 words
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Advertisement30 2010-11-02 14 rJ M LXFIND THE ONES j THAT FIT! ■U Recruit the right people 1 J J through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg J to advertise. 130 words
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Advertisement273 2010-11-02 15 Voices We are extending the deadline to last week’s topic: THE Monetary Authority of Singapore expects the inflation rate to rise to about 4 per cent by end of this year. For the first nine months, the Consumer Price Index has already gone up 2.4 per cent year on year.273 words
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Page 16 Advertisements
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Advertisement70 2010-11-02 16 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. Atlas Vending Pte Ltd and Azen Manufacturing Pte Ltd were among the E50 winners in 2009. The annual E50 ranking is co-organised by The Business Times70 words
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Page 17 Advertisements
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Advertisement65 2010-11-02 17 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. King Plastic Pte Ltd was among the E50 winners in 2009. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by OCBC65 words
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Advertisement159 2010-11-02 17 Managing risk brings peace of mind. BOB TAKAI GM, Global Commodities, Sumitomo Corporation Bob Takai and his team at Sumitomo Corporation manage risk with composure and ease. As one of the world’s largest trading companies, Sumitomo counts on CME Group for access to the widest range of derivatives products available159 words
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ECONOMY WATCH
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Article, Illustration762 2010-11-02 18 Korea CPI up 4.1 in Oct; exports jump Pressure may grow on central bank to end 3-month pause in rate increases Bloomberg [SEOUL] South Korea’s consumer prices grew at the fastest pace in 20 months and exports jumped more than projected, bolstering the case for higher borrowing costs. The wonBloomberg; REUTERS - 762 words
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Article, Illustration599 2010-11-02 18 Normally quiet Fed signals upcoming asset purchases Reuters [WASHINGTON] While US voters cast ballots today in an election expected to shift Congress to the right, the Federal Reserve convenes what could be its most pivotal meeting since the height of the financial crisis.Reuters; REUTERS - 599 words
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419 2010-11-02 18 It may rise sharply unless govt takes strong steps: official Reuters [HANOI] Vietnam’s inflation trend has reached a “warning level” and will rise sharply in the coming months unless the authorities adopt strong measures, a state-run newspaper yesterday quoted a deputy planning minister asReuters - 419 words
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366 2010-11-02 18 AFP [JAKARTA] Indonesia, South-east Asia’s biggest economy, can achieve strong growth if it reforms its bureaucracy, invests heavily in infrastructure and cuts greenhouse gas emissions, a report by the Organisation for Economic Co-operation and Development (OECD) said yesterday. The world’s fourth mostAFP - 366 words
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Advertisement50 2010-11-02 18 REAL5TAR THE LEADING BUNGALOW SPECIALIST Loo'cJ o r l ip. i 1.1*3 L:/,?ooo B: i ASk "Kv/I\/I Land Nassim Road l 2 7 ooo5f Land (a)Chatsworth L:30O0osf Regular Land/Subdivisible $2000 psf up! Binjai Park JijtXXX3-*****sf Range from to $28M )Il1 jl 1 J-fi' For Enquiry Pis Call: Serene 6100 008050 words
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Advertisement392 2010-11-02 19 APEA ASIA PACIFIC ENTREPRENHURSHIP AWARDS AREA ASIA RESPONSIBLE ENTREPRENEURSHIP AWARDS Asia Pacific Entrepreneurship Awards 2010 SINGAPORE m 'So Distinguished Mr Seah I A»V •V X. m wi» 1 T! I f a > yv. x > t '*•< w iA > ~UH16 To the winners of Asia-Pacific's most prestigious awards392 words
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MALAYSIA/INDONESIA
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423 2010-11-02 20 AFP [KUALA LUMPUR] Australian Prime Minister Julia Gillard said on a visit to Malaysia yesterday that the two countries hope to strike a free trade agreement by next year. “We discussed the prospects for concluding the Malaysian-Australia free trade agreement.AFP - 423 words
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Article, Illustration502 2010-11-02 20 S JAYASANKARAN - Trading arm’s new CEO to spearhead expansion of European operations By S JAYASANKARAN NATIONAL oil firm Petroliam Nasional, or Petronas, continued its push towards a more Fortune 500-style type of image, yesterday appointing a former senior Gazprom official as chief executive of itsAFP - 502 words
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Article, Illustration379 2010-11-02 20 AFP [KUALA LUMPUR] Malaysia’s top blogger Raja Petra Kamaruddin, who fled the country after being held under security laws in 2008, is free to return after a detention order lapsed, his lawyer said yesterday. However, the founder of the popular Malaysia TodayAFP - 379 words
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348 2010-11-02 20 Reuters [JAKARTA] PT Indosat, Indonesia’s No 2 telecommunications firm, is aiming to return to profit growth next year and is considering selling or finding a strategic partner for its fixed-wire-less (CDMA) unit. Indosat, controlled by Qatar Telecom, posted a net profitReuters - 348 words
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Page 20 Advertisements
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Advertisement2363 2010-11-02 20 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg DATAPULSE TECHNOLOGY LIMITED (Incorporated In The Republic Of Singapore) Company Registration No. *****2677D NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the thirtieth annual general meeting of Datapulse Technology Limited (the "Company") will be held at River View Hotel, Lily Ballroom,2,363 words
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Advertisement21 2010-11-02 20 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email noticesd>sph.com.sg.21 words
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GREATER CHINA
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438 2010-11-02 21 China’s largest private shipbuilder to use funds for projects like building a 4th drydock Bloomberg [HONG KONG] China Rongsheng Heavy Industries, China’s largest shipbuilder outside state control, is seeking US$2.3 billion in what may be Hong Kong’s third-largest initial public offering this year, accordingBloomberg - 438 words
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Article, Illustration371 2010-11-02 21 Reuters [BEIJING] Nissan Motor’s China venture raised its 2012 sales target by 50 per cent to 1.5 million vehicles, a senior executive said yesterday, as it keeps ramping up capacity in the world’s largest auto market. Nissan, a relative new comerReuters; BLOOMBERG - 371 words
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505 2010-11-02 21 AP [BEIJING] China defended its growing global commercial presence as a source of jobs in Africa and the US amid tension over control of resources and Zambia’s arrest of two Chinese managers who shot miners during a pay dispute. Chinese companies invested US$56.5 billionAP - 505 words
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408 2010-11-02 21 Bloomberg [BEIJING] China’s US$300 billion sovereign wealth fund said there may be a “big drop” in the nation’s economic growth in the coming three to four years as more of the population retires. “We cannot use the past 15 years or 30Bloomberg - 408 words
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482 2010-11-02 21 Reuters [BEIJING] China launched a once-in-a-dec-ade census yesterday in an exercise that will form a basis for policy-making in the world’s most populous country, but is likely to face resistance from residents wary of government officials. Six million officials will fan out across theReuters - 482 words
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368 2010-11-02 21 Reuters [BEIJING] China’s rare earth export quotas for 2011 will not be significantly cut from recent levels, a commerce official said yesterday, reinforcing Beijing’s efforts to soothe foreign companies and governments worried about supply. Vice-minister of Commerce Chen Jian made theReuters - 368 words
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Page 21 Advertisements
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Advertisement79 2010-11-02 21 *****38 ARMENIAN^ vm JPKI M TM lonserved shophouses with 6-storey I 2 S/SJ i Ki €~j€<t r 4. 0IO6 i new extension in historic location Exclusive Marketing Agents 9699 6659 Jeannie 9223 9317 Patrick fRAYl j* j* -p- y j 24 boutique SOHO offices 549 1808sf, with ensuite shower Varenna79 words
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INDIA
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Article, Illustration368 2010-11-02 22 Domestic demand underpins growth but price pressures remain, says survey Reuters [BANGALORE] India’s manufacturing sector expanded in October at a much faster pace than in September, supported by strong output and a sharp rise in new business, a purchasing managers’ index (PMI) showed yesterday.Reuters; AFP - 368 words
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352 2010-11-02 22 Pretax profit from processing crude oil surges 63% in Q2 Bloomberg [NEW DELHI] Billionaire Mukesh Ambani’s Reliance Industries will rely on the world’s largest oil-refining complex and overseas acquisitions to boost profit after delays in increasing nat-ural-gas production. Pretax profit fromBloomberg - 352 words
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317 2010-11-02 22 AFP [NEW DELHI] India’s two leading carmakers posted record sales in October as a strong economy brought consumers flooding into showrooms to buy new models ahead of the religious festival season. The country’s largest carmaker, Maruti Suzuki India, said sales jumped almostAFP - 317 words
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322 2010-11-02 22 AFP Bloomberg [MUMBAI] Trading on the Bombay Stock Exchange was temporarily suspended yesterday as computer glitches hit the high-per-forming bourse, officials said. The exchange said in a statement that business was suspended from 12 pm (0630 GMT) because of “technical problems faced by trading membersAFP; Bloomberg - 322 words
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Page 22 Advertisements
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Advertisement887 2010-11-02 22 Straits Asia Resources STRAITS ASIA RESOURCES LIMITED Company Registration No. *****4024R (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Extraordinary General Meeting of the Company will be held at SGX Auditorium, Level 2 SGX Centre 1, 2 Shenton Way, Singapore *****4887 words
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Advertisement698 2010-11-02 22 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF ANDA MANAGEMENT SERVICES PTE LTD (IN MEMBERS'VOLUNTARY LIQUIDATION) Co. Registration No. *****2486M NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap.50, the Final Meeting of the abovenamed698 words
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Advertisement372 2010-11-02 22 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF MATICA ASIA PACIFIC PTE. LTD. COMPANY REG. NO. *****5951 E (IN MEMBERS’ VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed Company held at 163 Penang Road #02-03 Winsland House II Singapore *****3 on372 words
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Advertisement388 2010-11-02 22 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF NARITA HOLDINGS PTE. LTD. COMPANY REG. NO. *****8113H (IN MEMBERS’ VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed Company held at 163 Penang Road #02-03 Winsland House II Singapore *****3 on 26 October388 words
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WORLD
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Article, Illustration447 2010-11-02 23 Tokyo summons ambassador and condemns visit as ‘very regrettable’ AFP [TOKYO] Tokyo yesterday summoned Moscow’s ambassador to protest against Russian President Dmitry Medvedev’s visit to a disputed islet in the Kuril Islands, which the Japanese government condemned as “very regrettable”. “As Japan has keptAFP; REUTERS - 447 words
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303 2010-11-02 23 AFP [TOKYO] Major Japanese business groups urged Prime Minister Naoto Kan yesterday to join talks on a Pacific free trade pact when he hosts the Asia Pacific Economic Cooperation (Apec) summit this month. Heated debate within the government has broken outAFP - 303 words
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212 2010-11-02 23 Bloomberg [NEW YORK] Goldman Sachs Group Inc is losing its edge in fixed-income trading, the firm’s biggest business and the one that led to record earnings last year. The company’s share of fixed-income trading revenue at eight of the largest US and European banksBloomberg - 212 words
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208 2010-11-02 23 Reuters [TOKYO] Japan’s securities industry regulator is conducting interviews with brokerages in connection with suspicious trading ahead of new share offers, a source familiar with the matter said yesterday. Complaints about heavy short-selling of stocks of companies days ahead of their announcement ofReuters - 208 words
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Article, Illustration716 2010-11-02 24 Dilma Rousseff blasts ‘currency war’ that’s threatening country’s exports AFP [BRASILIA] Dilma Rousseff celebrated victory yesterday after she was elected Brazil’s first female president and vowed to uphold the legacy of her predecessor and mentor, Luiz Inacio Lula da Silva. Ms Rousseff, who servedAFP; AP - 716 words
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383 2010-11-02 24 Bloomberg [BANGKOK] Thailand, the world’s largest rice exporter, will spend at least 20 billion baht (S$670 million) to compensate farmers and other people affected by the nation’s worst floods in five decades. Flood waters have spread across half the country, killingBloomberg - 383 words
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Article, Illustration537 2010-11-02 24 US to Cambodians: Don’t become overreliant on China Bloomberg [PHNOM PENH] Cambodia called on US Secretary of State Hillary Clinton to convert US$400 million of debt owed to the United States since the 1970s into development aid. “I stressed that CambodiaBloomberg; REUTERS - 537 words
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695 2010-11-02 24 Host of measures taken to make event memorable Bloomberg [SEOUL] City officials leave their desks this week to sweep the streets of Seoul while seven-year-old children study economics as South Korea mobilises its citizens for the Group of 20 meeting. Posters hail the summitBloomberg - 695 words
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Page 23 Advertisements
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Advertisement195 2010-11-02 23 Celebrating Interprising Years r *A kV Tolaram Group ifcT ifl 1 r;.. 5 t I >.' j v >5?; +>•> J 1 V. Y #r«/ Tolaram Group marks 60 years of extraordinary achievements. C(Hu/n UHlS To the Tolaram Group on their 60th Anniversary and relocation to new corporate headquarters at195 words
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Page 24 Advertisements
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Advertisement3 2010-11-02 24 flRSTW rthlhettrtS www.radio9l3.com3 words
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ASIA-PACIFIC/WORLD
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663 2010-11-02 25 Incomes down 0.1% in Sept, first drop since July 2009; ISM mfg index up in Oct Bloomberg AP [WASHINGTON] Consumer spending rose less than forecast in September as incomes dropped for the first time in more than a year, a sign Americans may keepBloomberg; AP - 663 words
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425 2010-11-02 25 Reuters [NEW YORK] Ambac Financial Group Inc, once the se-cond-largest US bond insurer, said that it may file for bankruptcy protection this year, after missing an interest payment due on some debt. In a regulatory filing yesterday, Ambac said that itReuters - 425 words
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346 2010-11-02 25 Bloomberg [SYDNEY] Ten Network Holdings Ltd offered James Packer and Lachlan Murdoch a board seat each less than two weeks after Mr Packer’s Consolidated Press Holdings Ltd acquired 18 per cent of Australia’s third-ranked television broadcaster. “The company has offered Packer andBloomberg - 346 words
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Article, Illustration80 2010-11-02 25 [LONDON] A 3.5-metre rabbit by Belgian graffiti artist ROA on the side of The Premises music studios in Hackney, London faces the threat of being painted over after a council deemed it a blight on the local environment. An order by the Hackney Council to paint over theREUTERS - 80 words
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565 2010-11-02 25 Sharp increase in bond sales overwhelms demand Bloomberg [MOSCOW] Russia is losing its borrowing-cost advantage over most developing nations as the economy recovers slower than the government predicted and a 57 per cent increase in bond sales overwhelms demand. The average yield on Russia’s dollar bondsBloomberg - 565 words
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Article, Illustration333 2010-11-02 25 Bloomberg [LONDON] The US midterm elections today may rival Internet traffic records for video viewings set during the soccer World Cup, according to Web service company Akamai Technologies Inc. More than 1.5 million simultaneous viewings were recorded during the soccer tournament inBloomberg; YEN MENG JIIN - 333 words
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251 2010-11-02 25 AFP [LONDON] British graduates are finding it increasingly difficult to find work after leaving university and government spending cuts could make the situation worse, research published yesterday said. Around 8.9 per cent of young people who left university in 2009 wereAFP - 251 words
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225 2010-11-02 25 Reuters [NEW YORK] Bailed-out insurer AIG raised US$27.71 billion in cash in 10 days with the initial public offering of its Asian life business AIA and the sale of its global life unit Alico, enough to repay a credit facilityReuters - 225 words
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EDITORIAL & OPINION
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446 2010-11-02 26 EDITORIAL THE foiled attempt to bomb planes and synagogues last week must surely go down as an irony among aviation industry insiders, coming as it did just days after the passenger security procedures at airports came under renewed criticism by yet another industry leader. Just446 words
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Article, Illustration1069 2010-11-02 26 RONNIE LIM - Huaneng’s Yuhuan plant is spotlessly clean, and lessons learnt there will find their way here RONNIE LIM Energy Editor CLEAN coal which Tuas Power will use as a feedstock at its upcoming $2 billion clean coal/biomass Tuas Multi-Utilities Complex (TMUC) on Jurong IslandTUAS POWER GENERATION - 1,069 words
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Article, Illustration831 2010-11-02 26 DAVID MASON - THE BOTTOM LINE DAVID MASON The writer, a former partner of Price Waterhouse Singapore, runs his own consulting business in the UK. E-mail boss@mcewenmasons.demon.co.uk I HAVE been privileged to watch the development of Singapore for more than 30 years, mostly as a831 words
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Article, Illustration1263 2010-11-02 27 ANTHONY ROWLEY - Growing ties between the two underline a strategic imperative rather than an economic one, at least in the short term ANTHONY ROWLEY Tokyo Correspondent AS A study in contrasts, the relationship between Japan and India and that between Tokyo and Beijing probably hasREUTERS - 1,263 words
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Article, Illustration823 2010-11-02 27 LEON HADAR - LEON HADAR Washington Correspondent IT IS appropriate that the decision to launch another round of monetary stimulus by the US central bank is going to be made the day after the midterm congressional elections. At a time when the majority of Republican lawmakers823 words
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180 2010-11-02 27 Denis Distant - LETTER TO THE EDITOR Denis Distant AS the Singapore Exchange invests hundreds of millions in preparing for the new era of high-frequency trading and the somewhat ominous sounding “dark pools”, it should not overlook improvements to the more mundane but180 words
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Page 27 Advertisements
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Advertisement103 2010-11-02 27 HAVE YOUR SAY Fax your letters to 6319-8277 or e-mail them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel103 words
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AVIATION
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Article, Illustration866 2010-11-02 28 Technology and who will foot bill are two key issues: analysts Reuters [PARIS] Security fears triggered by the air freight bomb plot could increase the costs of global trade and fuel debate over the technology needed to screen packages and who should pay forReuters; AP - 866 words
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475 2010-11-02 28 AFP [SANAA] Yemen yesterday announced a crackdown on all cargo shipments after two US-bound bomb parcels were sent from the country, while an alleged Saudi bomb maker emerged as a key suspect behind the package plot. State news agency Saba said that Yemen’s nationalAFP - 475 words
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582 2010-11-02 28 As outlook improves bondholders confident airlines can meet payments Bloomberg [NEW YORK] Bonds of airlines are proving unbeatable two years after the industry struggled with record high fuel prices and an economy in freefall. Borrowers from Southwest Airlines Co, the world’s biggest discountBloomberg - 582 words
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Article2436 2010-11-02 28 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1425 Adelaide SQ278 1745 SQ279 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 MU8213 1830 QF81 1830 Ahmedabad SQ530 1850 Amsterdam SQ323 0605 KL836 0125 KL837 1620 AZ3993 2255 KL838 2255 Athens SQ397 0540 Atlanta2,436 words
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3381 2010-11-02 29 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.3,381 words
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Page 28 Miscellaneous
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Miscellaneous286 2010-11-02 28 CRYPTIC CROSSWORD Across 7 Looking embarrassed by joke about new family (7) 8 Presided over church broadcast (7) 10 During which one is almost sure to be turned over? (10) 11 Burnt residue on bottom of grim food (4) 12 Problem posed by second person insisting on detail (8) 14286 words
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Page 29 Advertisements
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Advertisement27 2010-11-02 29 Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES27 words
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SHIPPING
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Article, Illustration560 2010-11-02 30 Tokyo not releasing video publicly as it fears inflaming row AFP [TOKYO] Japanese lawmakers yesterday said that a coast guard video shows a Chinese trawler intentionally ramming Japanese vessels in an incident that sparked the worst row in years between the Asian powers.AFP; REUTERS - 560 words
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Article, Illustration393 2010-11-02 30 AFP [HANOI] Vietnamese lawmakers yesterday demanded answers from the communist government in the case of state-run shipping group Vinashin, which has been driven to the brink of bankruptcy. One deputy, Nguyen Minh Thuyet, called for a vote of no-confidence in Prime Minister NguyenAFP - 393 words
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475 2010-11-02 30 It has added 17 dry-bulk ships since December and may expand fleet further Bloomberg [HONG KONG] Pacific Basin Shipping Ltd, Hong Kong’s largest operator of dry-bulk vessels, said the market will continue expanding at a “relatively high pace” as growth in China and the restBloomberg - 475 words
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206 2010-11-02 30 Bloomberg [NEW DELHI] India may lift restrictions on local shipyards bidding for state contracts to build container ships and oil tankers to spur competition with Korean and Chinese makers, an official with direct knowledge of the matter said. The shipping ministry wants toBloomberg - 206 words
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Page 30 Advertisements
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Advertisement27 2010-11-02 30 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132727 words
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Advertisement15 2010-11-02 30 Experienced Stlfp maintenance services wanted. Can they find your services here in the Shipping Times?15 words
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SINGAPORE STOCKS
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Article9022 2010-11-02 31 Transaction date: Nov 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 21 14.5 3148 8Telecom 18.5 17.5 18.5 1.7 9.8 5.9 88.6 12 5 5834 A-Sonic 6.5 +0.5 3839,022 words
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Article1720 2010-11-02 32 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 7 4 1181 t AA Grp 4.5 4 4.5 25 4.3 225 130 6222 t APStrategic 163 -1 3 163 158 1591,720 words
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Article875 2010-11-02 32 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 $mil 124 107 6389 ABF SG Bond ETF 115 115 121 525 1036 760 CIMBAsean40 100US$ US1028 +14 280 1030 1026 1026 1027 41.1 325875 words
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Article254 2010-11-02 32 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 $mil 55 38 6000 AVJennings A55 +5 19 55 54.5 53 55 3.6 6.4 4.4 143.2 55 16 6017 Genting HK US$ US45.5 +0.5 ***** 46.5254 words
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Article9420 2010-11-02 32 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.29/ APS Alpha Fund (USD)!** 1/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM9,420 words
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FINANCE & COMMODITIES
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374 2010-11-02 33 In local curr In S$ In US$ dy yr dy yr dy yr Oct 29 Index Change Change Change Change Change Change World Index Preliminary 854.1 -0.1 2.6 -0.2 -3.7 0.0 4.5 EAFE Preliminary 774.4 -0.2 -1.3 -0.2 -5.7 0.0 2.3 Europe Preliminary 1149.8 -0.1374 words
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Article121 2010-11-02 33 Nov 1 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.314 1.24 Can dollar 1.292 1.243 Euro 1.838 1.768 Sterling pound 2.114 2.033 NZ dollar 1.015 0.967 US dollar 1.312 1.262 Local dollars to 100 units of foreign121 words
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Article27 2010-11-02 33 Nov 1 Open High Sett STI Nov 3188 SIMSCI Nov 369.6 376.6 376.0 Taiwan Nov 293.6 298.3 297.0 Source: MF Global (S) Pte. Ltd27 words
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Article177 2010-11-02 33 Nov 1 $S Offer Bid 0vernight 0.02 Par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.35 0.25 1 month 0.48 0.28 2 months 0.50 0.30 3 months 0.53 0.33 6 months 0.62 0.52 9 months 0.80 0.60 12177 words
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Article22 2010-11-02 33 Nov 1 S$ Bid Offer 1-month 1.2907 1.2918 2-months 1.2907 1.2917 3-months 1.2907 1.2917 6-months 1.2906 1.2917 Source: OCBC22 words
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Article66 2010-11-02 33 Nov 1 KLCE PALM FUTURES (RM/MT) Delivery Opening Last Av Vol Open Month Range Price Price High Low Done Position Nov 10 2985 3080 3080 2985 1280 1770 Dec 10 3086 3085 3091 3062 2280 9108 Jan 11 3089 3092 3098 3067 8873 ***** Feb 11 3093 309166 words
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Article421 2010-11-02 33 Nov 1 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6800 0 8679 Mar11 99.6400 0 2257 Jun11 99.6000 0 1769 Sep11 99.5400 0 2056 EUROYEN TIBOR FUTURES Dec10 99.6850 99.6850 99.6800 99.6800 17 3037 Mar11 99.6925 0 1551 Jun11 99.7000 99.7000 99.7000 99.7000 101 1947421 words
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Article143 2010-11-02 33 Nov 1 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 10 402.0 402.0 402.0 8 Jan 11 401.0 Feb 11 398.0 398.0 402.0 10 Mar 11 399.0 399.0 402.0 20 Apr 11 403.0 403.0 403.0 20 May 11143 words
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Article90 2010-11-02 33 Nov 1 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 02.02.2011 0.29 0.26 0.24 1-Year BY*****N 01.11.2011 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.93 103.98 103.98 5-Year N*****0S 2.875 01.07.2015 109.9590 words
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Article105 2010-11-02 33 Oct 29 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 10 1226.00 1225.00 1227.00 1214.25 Jan 11 1236.00 unch 1238.00 1225.00 Mar 11 1240.25 1240.50 1241.75 1230.00 May 11 1239.75 unch 1240.25 1229.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 10 49.30 49.70 49.75105 words
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Article77 2010-11-02 33 CRUDE OIL PRODUCTS Oct 29 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 83.12 -0.64 WTI (Near Mth) 81.38 -0.62 Dubai (1-Mth F) 80.41 -0.49 Tapis blend 87.25 -0.30 Minas 82.60 -0.30 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 83.61 unch Jet Kerosene 93.65 -0.30 US$/barrel Opec Oil77 words
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2463 2010-11-02 33 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2.5 unch 116 1 3 -15 2.60 1 6221 Asia-Pacific Strategic W*****6 39 1 150 16 4.18 42 6227 ASJ Hldgs W*****1 3.5 1 42,463 words
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Article464 2010-11-02 33 Nov 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.007 6.607 0.708 7.668 43.929 88.248 0.796 11.044 3.062 1.292 84.964 42.549 1.277 6.885 0.976 30.134 29.538 0.617 0.989 Canada 0.993 6.560464 words
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Article85 2010-11-02 33 Nov 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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-11-02 33 Nov 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2766 1.2777 0.9890 0.9891 Canadian dollar 1.2675 1.2686 0.9819 0.9820 Euro 1.8032 1.8052 1.3970 1.3974 NZ dollar 0.9873 0.9894 0.7649 0.7659 Sterling pound 2.0698 2.0719 1.6035 1.6039154 words
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Article138 2010-11-02 33 Nov 1 GOLD (US$/oz) Nov 01 Oct 29 Hong Kong 1361.80 1338.00 Oct 29 Oct 28 London 1346.90 1334.87 1347.90 1335.64 Source: Thomson Reuters CAST BAR Nov 01 (S$) Selling Buying Kilobar 60,673.28 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 136 57 5gm 386 283 10gm 689138 words
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Article71 2010-11-02 33 Oct 29 Oct 29 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2316.00 2318.00 3 months 2344.00 2347.00 Copper, Grade A (US$/tonne) Cash 8186.75 8329.00 3 months 8200.00 8340.00 Lead (US$/tonne) Cash 2426.75 2480.50 3 months 2449.00 2505.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article82 2010-11-02 33 Oct 29 COCOA (£/tonne) Close Prev High/Low Dec 10 1856 1872 1879/1851 Mar 11 1886 1903 1908/1881 May 11 1903 1919 1922/1897 Jul 11 1923 1933 1940/1915 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1965 1882 1970/1873 Jan 11 1970 1914 1981/1902 Mar 11 1955 1912 1961/1900 May 1182 words
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PROPERTY
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Article, Illustration591 2010-11-02 34 KALPANA RASHIWALA - CDL sells 112 units at its 150-unit Glyndebourne condo on Dunearn Rd By KALPANA RASHIWALA [SINGAPORE] As City Developments (CDL) announced yesterday that about 75 per cent of the 150 units at its freehold Glyndebourne condo have been sold since the preview began on591 words
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432 2010-11-02 34 Bloomberg [SYDNEY] Australian house price gains slowed for a third straight quarter from July to September as the central bank mulls a resumption in interest rate increases. An index measuring the weighted average of prices for established houses in eight majorBloomberg - 432 words
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298 2010-11-02 34 [SINGAPORE] Hamptons International, an established residential agent based in the UK, has opened an office in Hong Kong as part of its strategy to expand into Asia. The move follows several successful property exhibitions this year and will see the298 words
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590 2010-11-02 35 Loans drop 22% in Sept to HK$31.6b, after govt moves to avert price bubble Bloomberg [HONG KONG] Hong Kong’s newly approved mortgage loans fell 22 per cent in September from August, the most since December 2008, after the government introducedBloomberg - 590 words
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Article, Illustration329 2010-11-02 35 EMILYN YAP - Over 90% of 220 units offered at soft launch snapped up By EMILYN YAP [SINGAPORE] Keppel Land soft launched Seasons Park in the Sino-Singapore Tianjin Eco-City over the last weekend, and sold more than 90 per cent of the 220 residential units329 words
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Page 34 Advertisements
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Advertisement69 2010-11-02 34 AAA A'FLUENCE PROFESSIONALS PTE LTD D15 SITE FOR SALE OFF STILL ROAD v Prime FREEHOLD Residential Site v Plot Ratio 1:4 (Master Plan 2008) v Site Area: Approx. 28,031.34 sq. ft. Approx. 600m to Eunos MRT v Close proximity to Reputable Schools Easy access to ECP PIE CTE EOI date:69 words
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Advertisement120 2010-11-02 34 Hougang Green Shopping Mall Majority Space for Sale 57 strata-titled shops, 80% of retail space 66,435 sf total strata area, 100% occupancy High density residential catchment Tenants incl Shop N Save, 7-Eleven, Watsons, Guardian, Pizza Hut, foodcourt, etc Expressions of Interest closing on 25 November 2010 (Thurs), 2.30 pm 6227120 words
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Advertisement150 2010-11-02 34 KnightFrank.com.sg 111 Land area: 8,444 sq m (approx 90,891 sf) Tenure: HDB lease: 30 30 years Plot ratio: 2.5, Zone: Business 2 Convenient access to PIE expressway For Sale by Expression of Interest: Closing Date: 15 November 2010, Monday at 3pm Kindly contact: Veronica Chao 9111 *****K K Lim 9457150 words
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Advertisement51 2010-11-02 35 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 work space Raised flooring full height windows Sheltered access to Newton MRT Attractively priced. Available 1Q 2011 Business Space 629351 words
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Advertisement217 2010-11-02 35 Single-Storey Warehouse For Lease Located along Tuas South Ave 3 Total gross floor area of 323,979 sq ft High ceiling of up to 10m Heavy floor loading of up to 20 KN/sqm g j"] Far East Organization INSPIRING BETTER LIVES For leasing enquiries: Call *****422 www.fareast.com.sg 'f\\\ JONES LANG ||J217 words
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Advertisement55 2010-11-02 35 COLLECTIVE SALE BY TENDER Land Area 43,490.9 sf Plot Ratio 1.4,up to 5 Storeys Tenure 99 yrs from 1983 Near Lor Chuan/ Serangoon MRT, NEX shopping mall, Australian Intl school Tender closing at 3pm on 18th Nov 2010,Thurs CARDIFF COURT D19 RESIDENTIAL SITE NEAR 2 MRT STATIONS For investment report,55 words
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LEADERS' PERSPECTIVE
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Article, Illustration1879 2010-11-02 36 CONRAD TAN - Citi Private Bank CEO says the industry has quite a few lessons to learn from the financial crisis. CONRAD TAN reports CONRAD TAN JANE Fraser doesn’t mince her words about the state of the wealth management industry after the financial crisis. “Private banking is at an1,879 words
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Advertisement26 2010-11-02 36 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax26 words
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Advertisement7 2010-11-02 36 This series is brought to you by7 words
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