The Business Times, 4 November 2010

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Microfilm: NL30954
Total Pages: 72
1 32 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg sph A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, November 4,2010
    23 words
  • Article, Illustration
    Lock icon E50 winners celebrate power of infrastructure
    735 1  -  Construction, engineering and transport firms dominate awards By CHEN HUIFEN [SINGAPORE] Infrastructure and transport companies reigned supreme at this year’s Enterprise 50 (E50) Awards, with more than a quarter of the winners coming from the two industries or providing related support services. Eight construction
    ARTHUR LEE  -  735 words
  • Article
    Lock icon Changi hikes its fees, raises airlines’ hackles
    881 1  -  Move may boost CAG’s yearly revenues by $200m, but Iata says it’s unjustified By VEN SREENIVASAN [SINGAPORE] Passengers and airlines may grumble, but the Changi Airport Group (CAG) could allow itself a slight smile on its way to the bank next year. CAG
    881 words
  • Article
    Lock icon MARKETS DIGEST
    147 1 G ST INDEX 3,224.97 (+19.69) G ST INDEX FUTURES 3,221 (+20) G SIMSCI 378.60 (+1.64) G SIMSCI FUTURES 379.20 (+1.80) FOREX US$ S$ US$ (S$ per US$) 1.287 (US$/S$ per 1.605 2.066 EURO (US$/S$/E) 1.404 1.807 Foreign currency per US$ S$ YEN 80.60 62.60 RM 3.086 2.397 HK$
    147 words
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      83 1 BizIT HP sets up design centre here FESTIVALS AROUND THE WORLD A time for merry-making in Tbilisi PAGE 18 US MID-TERM POLLS Weakening Obama’s anti-business policies PAGE 2 PAGE 35 PROPERTY Bank Negara caps 3rd home mortgages PAGE 39 POST-CRISIS GROWTH A special 32-page supplement on this year’s winners of
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      566 2 Changi hikes its fees, raises airlines’ hackles PASSENGERS and airlines may grumble but the Changi Airport Group could allow itself a slight smile on its way to the bank next year. CAG is adding new fees and hiking existing ones in a move that could see it boost
      566 words
    • Article, Illustration
      Lock icon Businesses get chance to roll back Obama policies
      864 2 Republicans pick up enough seats to give them comfortable majority in House US MID-TERM ELECTIONS Bloomberg AP [WASHINGTON] Republican gains in Congress in Tuesday’s elections mean that US companies from Goldman Sachs Group Inc to Wellpoint Inc may be able to weaken
      Bloomberg; AP  -  864 words
    • Article
      Lock icon Tea Party set to stir US fiscal pot
      393 2 REUTERS BREAKINGVIEWS THE anti-establishment Tea Party movement helped Republicans to big mid-term gains. But now the newcomers have to turn passion into policy. It could be a rough start, even involving the threat of a government shutdown. But the Tea Partiers’ aversion
      393 words
    • Article
      Lock icon Sembcorp doubles planned genco increase
      477 2  -  By RONNIE LIM [SINGAPORE] A big power battle is emerging on Jurong Island with Sembcorp the latest to join the fray doubling the capacity of its earlier planned utilities expansion there to 800 megawatts. This will bring its total generating capacity to 1,615 MW, or
      477 words
    • Article
      Lock icon Deutsche Bank under HK probe for possible breaches
      756 4  -  HKMA finds grounds to open case of Taiwan scientist’s investment losses By GRACE LEONG [SINGAPORE] The Hong Kong Monetary Authority (HKMA) is investigating Deutsche Bank for possible code violations amid an ongoing trial in Singapore’s High Court involving a Taiwanese scientist’s massive
      756 words
    • Article, Illustration
      Lock icon Malaysia wants to attract more skilled workers
      539 4 It will be easier for them to obtain visas and even PR status Bernama [KUALA LUMPUR] The government is to announce a major change in its policy to attract skilled workers to the country, Malaysian Prime Minister Najib Razak said yesterday. Speaking on
      Bernama; AFP  -  539 words
    • Article
      Lock icon IVF mix-up unlikely to affect Peter Lim bid
      409 4  -  By SIOW LI SEN [SINGAPORE] An IVF mix-up is unlikely to have an impact on billionaire Peter Lim’s takeover offer for Thomson Medical Centre (TMC). If anything, it could influence some minority shareholders to sell their shares to him if they think
      409 words
    • Article
      Lock icon The many faces of innovation in companies
      571 4  -  ENTERPRISE 50 FORUM Reports by CHEN HUIFEN [SINGAPORE] Innovation can come in many forms and not necessarily by way of new products and services, according to panellists at an Enterprise 50 (E50) Forum yesterday. In fact, it can also come in incremental improvements
      571 words
    • Article, Illustration
      Lock icon Response to proposed SGX-ASX merger largely expected: Bocker
      403 4 THE response to the proposed merger between the Singapore Exchange (SGX) and the Australia Stock Exchange (ASX) so far has largely been along expected lines, said SGX chief executive Magnus Bocker. His priority now will be to ensure that authorities on both
      ARTHUR LEE  -  403 words
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      173 2 World's Finest Serviced Offices A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of a secretary We help businesses succeed Call to arrange a personal tour today! W servcorp.com.sg Or Google "Servcorp" A
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      12 2 A blunt message to Obama, allies, Page 31 More reports, Page 24
      12 words
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      236 3 l.t. -J. sky i n e orchardboulevard 1 \7i r AN ARTICULATION OF SPACE. A MASTER'S TOUCH. Pritzker Architecture Prize Laureate Fumihiko Maki's vision for Skyline Orchard Boulevard is simple, yet profound. Interior spaces are carefully articulated to awaken your imagination while every exquisite detail is meticulously planned to evoke
      236 words
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      43 4 c ■Sll Rare Freehold Bungalow Land 6400 Approx build 3200 Spacious driveway park 3 cars Mins to St. Nicholas Girls School n* 4 c c-r-r-7 The Ultimate Deal Maker Viewing by Appointment only y/y# III I y I ID Ol 11 Julius Fock
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      18 4 CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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  • Page 4 Miscellaneous
    • Miscellaneous
      Lock icon Page 4 Miscellaneous Column 1
      25 4 JACKPOT r >Z V. cO TODAY Sales close at 6pm Draw at 6.30pm at PoMo For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit SINGAPORE
      25 words
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      497 5 IMIewin Established 1898 Jermyn Street London m ANY 3 SH>R TS FOR $2^ 9 Origin 311^ $129-$1' 9 each/J M CLASSIC Our classic shirts have a generous cut reflecting traditional Jermyn Street style. All classic shirts are available with double cuffs and Prince of Wales collar. A selection of shirts
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Cosco reports 147% jump in Q3 net profit
      455 6  -  Firm expects new contracts in Q4; sees 2010 earnings being better than 2009’s By LYNN LYNN KAN COSCO Corporation (Singapore) yesterday announced a heartening third-quarter performance. It maintains a cautious outlook for the remaining quarter but expects 2010 earnings to be better
      455 words
    • Article
      Lock icon India, S’pore in iron ore futures race
      782 6 But battle to draw big investors China mills will be uphill Reuters SINGAPORE and India are racing to launch the world’s first iron ore futures as competition for a slice of the US$200 billion market hots up, but attracting funds could prove tough,
      Reuters  -  782 words
    • Article
      Lock icon Commercial sense must prevail in SGX-ASX deal
      586 6  -  HOCK LOCK SIEW By R SIVANITHY MUCH has been written in the 10 days or so since the Singapore Exchange (SGX) made a surprise takeover bid for the Australian Stock Exchange (ASX). Financial details aside which are clearly attractive if you are an
      586 words
    • Article
      Lock icon Roxy-Pacific’s Q3 profit jumps 42% to $8.9m
      352 8  -  Surge in property units’ revenue boosts group turnover by 41 By UMA SHANKARI PROPERTY group RoxyPacific Holdings reported a 42 per cent jump in net profit to $8.9 million for the third quarter of the year from $6.3 million a year ago as
      352 words
    • Article
      Lock icon At a glance
      173 8 At a glance 3 months ended Sept 2010 9 months ended Sept 2010 NET PROFIT (S$m) TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 Cosco Corp 155.22 92.46 67.9 2750.20 2184.95 25.9 55.13 22.28 147.4
      173 words
    • Article
      Lock icon MIIF Q3 earnings up 40.7% to $33.2m
      295 8  -  Increased earnings due to higher investment income By FELDA CHAY MACQUARIE International Infrastructure Fund (MIIF) yesterday reported net profit attributable to equity holders of $33.2 million for the third quarter, up 40.7 per cent year on year. The earnings boost was on higher
      295 words
    • Article
      Lock icon Ex-Arisaig, CLSA managers team up for new fund
      577 8 They will start Asian Evolution Fund with London-based firm Bloomberg RORY Dickson, previously a research head at Arisaig Partners, and Damian Kestel, formerly of CLSA Asia-Pacific Markets, have teamed up with Coupland Cardiff Asset Management to start an Asian consum-er-related fund. The
      Bloomberg  -  577 words
    • Article, Illustration
      Lock icon MTQ’s H1 profit drops 25%
      491 11  -  The decline was due to gains on the disposal of assets in year-ago period By JOYCE JOYCE HOOI OIL-FIELD equipment engineering company MTQ Corporation has doubled its interim dividend from one to two cents a share, after reporting a 25 per cent slide in first-half
      491 words
    • COMPANY BRIEFS
      • Article
        Lock icon Annica resolves dispute with ex-director
        87 11 ANNICA Holdings, previously Oculus, says it has reached “an amicable resolution” in its dispute with former director Jan Adam Tangkilisan. In September 2008, Mr Tangkilisan served the company with a writ of summons for $56,855 he alleged he was owed for services and employment while
        87 words
      • Article
        Lock icon Construction of Koon’s project to be delayed
        108 11 KOON Holdings says the start of construction on a US$160 million port project at Vung Tau, Vietnam will be delayed. “The group has been informed by the owners of the proposed Sao Bien International Port that they are experiencing delays in getting certain
        108 words
      • Article
        Lock icon AEM terminates proposed placement
        136 11 AEM Holdings has terminated a proposed placement of 75 million new shares to Changjiang Electronics International (Hong Kong) Trading Investing for $3.375 million. The proposed placement, at an issue price of S$0.045 per share, was conditional upon AEM subsidiary Microcircuit Technology (S) Pte Ltd and Advanpack
        136 words
    • Article
      Lock icon PICTET FUNDS
      267 11 Pictet-Absl Rtn Glo Cons-P EUR 01.11.2010 EUR 100,01 Pictet-Absl Rtn Glo Div-P EUR 01.11.2010 EUR 112,01 Pictet-Asian Equities Ex Japan-P USD 29.10.2010 USD 181,83 Pictet-Asian Local Currency Debt-P USD 29.10.2010 USD 138,58 Pictet-Biotech-P USD 02.11.2010 USD 285,13 Pictet-CHF Liquidity-P 01.11.2010 CHF 124,13 Pictet-Clean Energy-P USD 01.11.2010 USD 78,96
      267 words
    • Article
      Lock icon CH Offshore Q1 profit falls
      302 11  -  By KAREN NG MARINE solutions provider CH Offshore has reported a 19.3 per cent slide in net profit to US$8.2 million for the first quarter ended Sept 30, from US$10.2 million a year ago. The three months saw revenue fall 13.4 per cent to US$14.4
      302 words
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      152 6 Investment Banking Global Finance il Global Markets v IS 7 Y 1 I/Crfiii 1 WE CONTINUE TO STAND BY YOU FROM OUR NEW OFFICE MARINA BAY FINANCIAL CENTRE TOWER 1 Si Societe Generale Corporate Investment Banking is a well-diversified and leading player with 11,000 professionals present in over 33 countries
      152 words
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      139 6 For Corporate Lease Premium Office Buildings Mohamed Sultan Road, Singapore 8,000 100,000 sqft 4 Office Blocks 2 Podiums F&B Terrace Column Free Design Regular Layout Covered Parking 9742 8998 *****1 18 Link (THM) Biz MS Pte Ltd a Member of Link (THM) Group of Companies SILVER RIVER I n n
      139 words
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      208 7 www.vw.com.sg a The new Touareg. Where on earth will you take it? The all-new Volkswagen Touareg, luxurious on road, unsurpassed off road. Where you take it is up to you. Just tap your destination into the factory fitted Touchscreen Satellite Navigation System and you're on your way. Whether it's making
      208 words
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      603 8 r it Advertisement ing over your s solutions to prbteit ydur fiusihess With years of experience in delivering optimal security solutions, AETOS provides the assurance and expertise you need to grow your business with confidence. That's why we have a wide range of services to help you manage every aspect
      603 words
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      330 9 m I 1 z i a FALL IN LOVE WITH A LIFESTYLE OF DISTINCTION I L rv r VV u s i i afc?. w%(&. f II iijA.. 1- L jswySffe t IS -v. h r r < I I I II ;i I i m r.., i i* v
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon ST Index up for third day in a row
      662 10  -  STOCKS JAMIE LEE Reporter THE Singapore market closed higher for the third straight session yesterday, with DBS Group featuring in the top value trading list ahead of its third-quarter financial results. The Straits Times Index (STI) edged up 0.61 per cent
      Source: Bloomberg  -  662 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 10 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 10 Nov 3 VALUE CLOSE BT OB/OS -89.00 +171.0 BT CADI -*****.00 +110.0 BT 10-day MA -*****.00 -9.00 FTSE ST Mid Cap 797.80 +3.06 FTSE ST Small Cap 589.68 +3.45 FTSE ST All Share 797.07 +4.57 FTSE ST China Top 299.17 +2.78 FTSE ST China 343.89 +2.93 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      55 10 VOLUME FreightLinks 123,054,000 Golden Agri 119,745,000 Informatics 94,200,000 XinRen 60,163,000 Genting SP 57,621,000 Noble Grp 51,369,000 GMG Global 51,327,000 NOL 44,620,000 CapitaLand 42,234,000 GLP 32,597,000 VALUE($) CapitaLand 163,716,680 DBS Grp 135,670,785 Genting SP 128,949,245 Noble Grp 102,307,480 UOB 102,293,820 NOL 101,609,920 Wilmar 100,476,950 Golden Agri 84,114,935 OCBC
      55 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 2 4 0 0 0 11 2 4 Manufacturing 67 39 86 5 5 13 72 44 99 Commerce 31 15 19 3 3 6 34 18 25 Tpt/Stor/Comms 21 13 10
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    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Elec & Eltek International
        409 10 Elec Eltek International Nov 3 close: $3.03 CIMB RESEARCH, Nov 3 Q3 2010 net profit of US$21.4 million (+52 per cent y-o-y) came in 10 per cent below our estimate as low-er-than-expected opex and effective tax were pulled down by low-er-than-expected sales and gross margins. 9M 2010 profit represents 76
        Source: Bloomberg  -  409 words
      • Article
        Lock icon SIA Engineering
        457 10  -  Nov 3 close: $4.53 KIM ENG RESEARCH, Nov 3 Compiled by JOYCE HOOI SIA Engineering’s (SIE) Q2 FY March 2011 results were slightly below expectations. Net profit rose 9 per cent to $66.5 million but fell 6 per cent sequentially, while revenue was up 12 per cent y-o-y
        457 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,825 26,825 73,312 73,312 Manufacturing 365,510 24,925 390,435 338,046 1,722 339,768 Commerce 133,301 21,704 155,005 166,188 2,440 168,628 Tpt/Stor/Comms 302,006 1,929 303,935 326,449 271 326,720 Finance 35,524 35,524 363,362 363,362 Construction 37,136 34,003 71,139 18,616
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      107 10 Stock name Close Change Stock name Close Change CapMallsAsia 2.130 -0.010 CapitaLand 3.900 +0.050 CapitaMall 1.980 -0.020 CityDev 13.060 +0.020 ComfortDelGro 1.470 +0.010 DBS Grp 14.100 +0.100 F&N 6.690 +0.140 Genting SP 2.230 Golden Agri 0.700 +0.010 HK Land 7.190 JMH 47.520 +1.080 JSH 27.260 +0.340
      107 words
    • Article, Illustration
      Lock icon US private payrolls report helps greenback
      531 10 CURRENCIES Reuters [NEW YORK] The dollar rose yesterday, boosted by better-than-forecast US private payrolls data, but trading was confined to narrow ranges as markets awaited a Federal Reserve decision to further ease monetary policy. The expected Fed announcement may push Treasury debt yields lower
      Reuters; REUTERS  -  531 words
    • Article
      Lock icon RISES
      110 10 BY CENTS CLOSE UP IS S&P500 ***** 142.9 0.9 JMH 4752 139.0 2.3 DBXT AUDMM 5SG$ ***** 123.0 0.5 IS DJ US Tech 6269 91.4 1.1 DBXT Nifty 10US$ ***** 77.2 0.4 DBXT FTChina25 10US$ 3362 74.6 1.8 STXPO 100 1476 56.0 3.9 Lyxor India Nifty 10 1825 55.0
      110 words
    • Article
      Lock icon FALLS
      120 10 BY CENTS CLOSE DOWN DBXT AUD Bonds 5AU$ ***** -71.9 -0.4 Jardine C&C 3910 -70.0 -1.8 DBXT MSINDO 10us$ 1430 -34.8 -1.9 DBXT S&P Short 10US$ 4797 -25.7 -0.4 DBXT FTVietnam 10US$ 3554 -24.5 -0.5 GLD 10US$ ***** -21.9 -0.1 DBXT CSI300 10US$ 1138 -12.9 -0.9 DairyFarm 802 -9.0
      120 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 10 DAILY
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      109 11 On average, Russian billionaires are 19 years younger than those in America. Private yachts. Private estates. Private islands. By their mid-40s, some Russians have it all. How? Well, that's the billion-dollar question. Is it pure, burning ambition? A better eye for opportunity? Or have they just taken advantage of a
      109 words
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  • SINGAPORE NEWS
    • Article
      Lock icon 2011 pay hikes likely below many in Asia
      597 12  -  But expected rise still hefty given higher salary levels By CHUANG PECK MING PAY is tipped to be higher in Singapore next year, but the increase is likely to be smaller than in many other Asian economies, according to figures released yesterday
      597 words
    • Article
      Lock icon Outlook next year uncertain, says Norway's energy group
      745 12  -  Likely dip in demand growth for solar panels won’t impact new REC plant here By RONNIE LIM STILL sunny, but with some dark clouds approaching that’s the outlook for next year projected by Norway’s Renewable Energy Corporation (REC). REC’s $2.5 billion integrated
      745 words
    • Article, Illustration
      Lock icon WALKING TO FEED THE NEEDY
      93 12 CITIBANK Singapore chief executive officer Anil Wadhwani and Citi Singapore chief operating officer Lee Lung Nien flagged off 3,500 Citibankers and their families on Sunday for a two-kilometre walk along Siloso Beach on Sentosa Island to raise a record 70,000 bowls of rice for needy
      93 words
    • Article
      Lock icon Bidding for taxis, luxury makes pushes most COE premiums up
      482 12  -  By JOYCE HOOI ALMOST across the board, premiums for certificates of entitlement (COEs) echoed April’s first round of bidding yesterday right down to the dollar, in some cases. By the end of the first bidding round of November yesterday, Cat
      482 words
    • Article
      Lock icon Accounting sector can tap region’s growth
      587 13  -  Opportunities in taxation, risk management, M&A services and financial advisory: CPA Australia By MICHELLE QUAH ECONOMIC activity especially in the wake of the global financial crisis is focused increasingly on Asia, and this means a wealth of opportunities not just for businesses but also
      587 words
    • Article
      Lock icon Fewer seek employment assistance this year
      207 13 THE number of job seekers registered for employment assistance has fallen back to pre-recession levels, say the Community Development Councils (CDCs). 18,000 new job seekers registered from January to September this year, down from 31,000 in the same period in 2009. Compared with last
      207 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon OCBC Cycle Singapore draws 3,000 early birds
        50 13 ABOUT 3,000 cyclists have signed up during the early-bird registration period for OCBC Cycle Singapore 2011, according to Spectrum Worldwide yesterday. This is more than double the number who signed up during the same time-frame last year. Early-bird registration closes on Nov 10.
        50 words
      • Article
        Lock icon Education summit at Suntec from Nov 17-19
        71 13 THE Sixth QS Asia-Pacific Professional Leaders in Education Conference and Exhibition will be held from Nov 17 to 19 at the Suntec Singapore International Convention and Exhibition Centre. The theme a recurring one will be “Helping to build world-class universities for Asia-Pacific communities
        71 words
      • Article
        Lock icon New metrology infrastructure set up
        66 13 A NATIONAL Metrology in Chemistry infrastructure has been jointly set up by the National Metrology Centre of the Agency for Science, Technology and Research and the Health Sciences Authority. The new metrology infrastructure will help Singapore-based enterprises achieve international standards in chemical measurements, giving them
        66 words
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      44 12 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY My Festival of Lights tabla! readers share what this festive season means tothen%_ m 7K wmwsm EXCUJSWt I A INTERVIEW WITH NEW SINDA PRESIDENT INDRANEE RAJAH GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
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      1 12 www.radio913.com
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      341 12 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ARMFIIKASHIWA (S) PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****1690M) NOTICE OF MEMBER'S VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Member of the abovenamed company held on
      341 words
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      32 13 a* -s- tk Lianhe Zaobao First here to develop bak kut teh spices Ex-chef looks back on 19 years of building his business 'JrkJT To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      32 words
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      Lock icon Page 13 Advertisements Column 2
      1020 13 Advertising Feature Singapore's Premier Medical Cluster Takes Shape A World-Class Healthcare Hub It has long been known as the home of Tan Took Seng Hospital, but the Novena area is now coming into its own as a full-fledged, self-sufficient medical cluster. Billions of dollars are being poured into developing state-of-the-art
      1,020 words
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      36 14 KBvAOM ENTERPRISE Celebrating Singapore's Enterprising Spirit 2010 A i d i ,r» M W i'A JSF a r 9 a ■A eJ VTe go the extra mile for our clients and staff. At Kenyon, we care.
      36 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon World Bank lifts China’s 2010 growth forecast to 10%
      733 15 But bank also warns global tensions may affect its economic outlook AFP [BEIJING] The World Bank yesterday boosted its 2010 growth forecast for China to 10 per cent, but warned that global tensions over trade imbalances could cast a shadow over
      AFP  -  733 words
    • Article
      Lock icon Ireland on track to meet budget deficit target
      444 15 Reuters [DUBLIN] Ireland remains on track to cut its underlying budget deficit to a targeted 11.9 per cent of GDP this year despite a jump in borrowing costs and a shortfall in income taxes, figures on Tuesday showed. Ireland’s tax take was
      Reuters  -  444 words
    • Article, Illustration
      Lock icon Fed monetary easing could spark deflation in Europe
      609 16 Nobel laureate sees euro rising against dollar; other nations could also suffer Bloomberg [BEIJING] Federal Reserve debt purchases to stimulate the US economy may send the euro rising against the dollar, sparking deflation in Europe, said Nobel Prize-winning economist Robert Mundell. The
      Bloomberg; FILE PHOTO  -  609 words
    • Article
      Lock icon US seeks targets to tackle trade imbalances
      433 16 It hopes G-20 talks will lead to broad pact on guidelines AFP [WASHINGTON] The United States is lobbying other Group of 20 economic powers to introduce firm targets to redress global trade imbalances, a Treasury official said on Tuesday. “We are pushing for
      AFP  -  433 words
    • Article
      Lock icon Dong spirals down amid devaluation rumours
      345 16 Reuters [HANOI] The Vietnamese dong was heading down towards 21,000 dong per US dollar in the unofficial market yesterday as rumours of another devaluation swirled and businesses rushed to buy US dollars, traders said. The dong stood at 20,750/20,900 dong per US dollar at
      Reuters  -  345 words
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      60 15 This announcement appears as a matter of record only. HOUSING DEVELOPMENT BOARD S$465,000,000 2.00% Notes due 2017 issued under HDB's S$7,000,000,000 Medium Term Note Programme Joint Lead Managers DBS Bank Ltd. The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch Oversea-Chinese Banking Corporation Limited Standard Chartered Bank, Singapore Branch United
      60 words
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      145 15 member of ft Academy CELEBRATING 10 YEARS OF SUCCESSFUL PARTNERSHIP IN SINGAPORE An event by Loughborough University PSB Academy SEMINAR COCKTAIL RECEPTION The Marina Mandarin 16 November 2010, Tuesday, 7.00pm SPECIAL GUEST SPEAKER PROFESSOR ANGUS LAING, DEAN OF BUSINESS AND ECONOMICS, LOUGHBOROUGH UNIVERSITY Topic: Mutually Contradictory Spaces: Negotiating Virtual Spaces
      145 words
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      223 16 A STAR ALLIANCE MEMBER THAI SO 1960-2010 Royal First. Royal Silk. Majestic in Every Way. Exclusive all-in MasterCard® Fares from: FIRST CLASS *5628 Frankfurt, London, Madrid, Milan Munich, Paris, Rome, Zurich BUSINESS CLASS *4128 Los Angeles Athens, Copenhagen, Frankfurt, London, Madrid, Milan, Moscow, Munich, Oslo, Paris, Rome, Stockholm, Zurich Johannesburg
      223 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon M’sia trade grows 10.4% in Sept; exports up 7%
      425 17 Trade surplus hits RM7.01b; Asean accounts for 24.6% of exports Bernama Bloomberg [KUALA LUMPUR] Malaysia recorded a trade surplus of RM7.01 billion (S$2.9 billion) in September, making it the 155th consecutive month of trade surplus since November 1997, said Minister of
      Bernama; Bloomberg; FILE PHOTO  -  425 words
    • Article
      Lock icon M’sia to consider 30% tariff on iron ore exports
      244 17 Reuters [SINGAPORE] The Malaysian government will study a proposal by local steelmakers to impose a 30 per cent duty on iron ore exports to boost domestic use of the steelmaking ingredient, state news agency Bernama reported. Malaysian steel firms have urged
      Reuters  -  244 words
    • Article
      Lock icon China Ouhua Winery rises 9% on debut
      446 17  -  5th China-based firm to list on Bursa raises RM80m in IPO By PAULINE NG CHINA Ouhua Winery Holdings made a spirited debut on the Malaysian stock exchange yesterday, rewarding punters with a 9 per cent gain over its offer price of 60 sen
      446 words
    • Article
      Lock icon PT Timah to delay some tin shipments
      162 17 Reuters [PANGKAL PINANG, Indonesia] Indonesia’s state-owned PT Timah Tbk will delay tin shipments to some of its existing buyers due to lower output, Timah’s president director said yesterday. The firm will try to fill its 2010 tin output target of 50,000 tonnes but
      Reuters  -  162 words
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  • FESTIVALS AROUND THE WORLD
    • Article, Illustration
      Lock icon A time for merry-making in Tbilisi
      996 18  -  The Tbilisoba festival, which was originally linked to the harvest season, has evolved into an extravaganza of events. By JOYCE HOOI By JOYCE HOOI The Ascott Ltd has serviced residences in Georgia. For more information, visit www.the-ascott.com AS festivals go, the Tbilisoba is practically
      REUTERS; REUTERS PHOTOS  -  996 words
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      136 18 SOMERSET PALACE SEOUL DEFINING GLOBAL LIVING IN KOREA Located in the heart of the city, Somerset Palace Seoul offers a tranquil environment with beautiful garden and city views. Within close proximity to the diplomatic, business and financial districts, and minutes from the Anguk, Jonggak and Kwanghwamun subway stations, Somerset Palace
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      12 18 Brought to you by Ascott This series is brought to you by
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  • GREATER CHINA
    • Article
      Lock icon China likely to set up minor metals’ reserves
      466 19 It would also trim their export quotas by an average of 2 to 3% each year AFP [SHANGHAI] China is considering setting up strategic reserves of 10 minor metals including rare earths, state media said yesterday, as Beijing moves to tighten control
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    • Article
      Lock icon ICBC eyes more S-E Asian acquisitions
      288 19 Reuters [BANGKOK] Industrial and Commercial Bank of China (ICBC), the world’s most valuable lender, said yesterday it was looking for acquisitions in countries in South-east Asia where it currently has no presence. “South-east Asia is where we also focus on as it offers growth
      Reuters  -  288 words
    • Article, Illustration
      Lock icon Textile makers fret over cotton shortage
      343 19 Record prices threaten companies’ survival: group Bloomberg [SINGAPORE] Textile makers in China, which uses more than 40 per cent of the world’s cotton, face a supply shortage that has sent prices to a record and is “endangering” their survival, an industry group said. “The
      Bloomberg; REUTERS  -  343 words
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      19 19 o www.omy.sg m eat.omy.s f i Ui '/Jff Zv r vi k. GALLERY t W >A ~>P. lifestyle.omy.sg HK$20Kfffl^atffl
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      457 19 LionGlobal Emerging Markets Bond Fund Build your portfolio with global emerging market bonds Wj i LION GLOBAL INVESTORS 9/ In recent years, emerging economies have shown to possess strong fundamentals as well as disciplined fiscal and monetary policies. These positive structural developments have led to rising credit quality of bond
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  • INDIA
    • Article
      Lock icon Services sector posts moderate growth in Oct
      393 20 But the sector may cool in coming months as growth in new business slows Reuters [BANGALORE] India’s services sector expanded last month at a faster rate than in September, bringing an end to a three-month decline in the key business activity index, a
      Reuters  -  393 words
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      Lock icon Coal India shares may soar on debut
      327 20 Reuters [MUMBAI] Coal India shares are set to post dou-ble-digit gains on their debut today thanks to strong demand from investors who received only a fraction of the shares they applied for in its record US$3.5 billion IPO. A Reuters poll forecast Coal
      Reuters; AP  -  327 words
    • Article
      Lock icon Tata targets M-E with Indian Syariah fund
      332 20 The Syariah fund was set up in June with US$3m Bloomberg [MUMBAI] Tata Group’s investment unit is seeking to attract about US$100 million within three years to India’s first Syariah-compli-ant stock fund aimed at global investors, targeting equities in a country that lacks
      Bloomberg  -  332 words
    • Article
      Lock icon Mumbai neutralises falling coconut threat to Obama
      299 20 AFP AP [MUMBAI] The municipal authorities in Mumbai have removed coconuts from trees around the city’s Gandhi museum in case any of them fall on US President Barack Obama when he visits, an official said yesterday. “The coconuts were falling off, so we
      AFP; AP  -  299 words
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      405 20 November, 11 am to 9pm daily FREE ADMI V j '®»v f>v-; SIR >** <1 1 gr Sfcs V '4 V, < V.'\/ V* 7>x a r -v^^J J >' /S£ NUNIHINGISEISON BEGINS: CULINARY SHOWDOWN "*T i* 'i* Vi- r Join guest judges, Chefs Tony Khoo, LeonsTan, Eric Neo and
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  • WORLD
    • Article
      Lock icon Services firms expand fastest in 3 months
      487 21 ISM Index of non-manufacturing businesses rose to 54.3 in Oct LATEST US DATA Bloomberg [NEW YORK] Service companies in the US expanded in October at the fastest pace in three months, indicating the recovery may be starting to build momentum. The Institute for
      Bloomberg  -  487 words
    • Article
      Lock icon Global recovery to pick up next year: OECD
      510 21 But industrialised nations’ debts likely to hit record levels AFP [PARIS] A fragile global economic rebound is set to gather momentum next year but debt in leading industrialised nations is expected to soar to record levels, the OECD said in its latest
      AFP  -  510 words
    • Article, Illustration
      Lock icon BMW Q3 profit up 11-fold on 5-Series, X1 demand
      420 21 Bloomberg [BERLIN] Bayerische Motoren Werke AG (BMW), the world’s top manufacturer of luxury vehicles, recorded an 11-fold increase in third-quarter profit as the revamped 5-Series sedan and new X1 compact sport-utility vehicle won customers. Net income jumped to 874 million euros
      Bloomberg  -  420 words
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      Lock icon Freddie Mac posts US$4.1 b Q3 loss
      393 21 AP [WASHINGTON] Mortgage buyer Freddie Mac yesterday posted a narrower loss of US$4.1 billion in the Ju-ly-September quarter. The government-controlled mortgage buyer also asked for an additional US$100 million in federal aid, substantially less than the US$1.8 billion it sought in the second
      AP; AFP  -  393 words
    • Article, Illustration
      Lock icon ‘Arrogant’ Aust banks to pay the piper
      669 25 A series of seven rate hikes since October 2009 has hit homeowners AFP [SYDNEY] Australian Treasurer Wayne Swan vowed to crack down on “arrogant” banks in an extraordinary attack yesterday as major lenders face mounting anger over rising interest rates and fees. Mr
      AFP  -  669 words
    • Article
      Lock icon Kan govt under fire for inept diplomacy
      563 25 Analysts question handling of spat with China, Russia AFP [TOKYO] As Prime Minister Naoto Kan’s government prepares to host an Asian Pacific Economic Cooperation summit this month, analysts say the centre-left Democratic Party of Japan’s (DPJ) inexperience is starting to show through. Tokyo
      AFP  -  563 words
    • Article
      Lock icon Yuan settlements hit new high as Nokia shuns US$
      544 26 Paying Chinese suppliers in yuan benefits both parties: Metro AG Bloomberg [HONG KONG] International trade transactions settled in yuan more than doubled to a record in the third quarter as companies including Nokia Oyj and Metro AG turned to a currency
      Bloomberg  -  544 words
    • Article, Illustration
      Lock icon Flash floods take toll on southern Thailand
      392 26 Rubber trade, ferry services, airports grind to halt Reuters [THAILAND] Transport and communications were severed and tourists stranded yesterday after southern Thailand’s worst flash floods in a decade forced flight cancellations and left a bustling city in deep water. There were no reports
      Reuters; AFP  -  392 words
  • Page 21 Advertisements
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      176 21 «NSi It. ©DLiCW Sunday, 14 Nov 2010 Singapore Racecourse i Bask in the Glory of Gold. Witness the race on our Annual Charity Race Day, in conjunction with the Longines Singapore Gold Cup. fj Golden Chance Draw* Limited Edition Cap Giveaway r* Sure-Win 9 Redemption* Stand a chance to win
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  • Page 22 Advertisements
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      185 22 FREEFO A A 7 A Our Heartiest Congratulations on the opening of SICS Neurocognitive Development Centre (A*Star) REACH East (IMH), and Department of Child Development (KKH) at St Andrew's Community Hospital Level 11 REAfeH o KK Women's and Children's Hospital SingHealth Singapore Institute for Clinical Sciences NEUROCOGNITIVE DEVELOPMENT CENTRE A*
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      335 23 GRANDWDRK ENTERPRISE Celebrating Singapore's Enterprising Spirit 2010 Grandwork Interior attain the Enterprise SO Award for the 4th consecutive Grandwork targets mainly at profiles of high-end brands in the industry. While the majority are retailers, a large number are also well-known players in their respective industries. As such they expect not
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  • US MID-TERM ELECTION
    • Article, Illustration
      Lock icon US-China: back to business as usual?
      490 24 Tough campaign talk was election-year stuff that will stop now: analysts Reuters [WASHINGTON] China served as bogeyman for US politicians wooing voters worried about hard economic times, but Tuesday’s elections delivered a busi-ness-friendly Congress that could lower the heat on the Chinese. From California
      Reuters; AP  -  490 words
    • Article
      Lock icon Now for the 2012 presidential campaign
      356 24 Free-for-all race likely for Republican hopefuls to challenge Obama Reuters [WASHINGTON] With the 2010 elections in the rearview mirror, the 2012 US presidential campaign is now under way and would-be candidates are asking themselves: Is President Barack Obama beatable? Mr Obama’s job approval rating
      Reuters  -  356 words
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      Lock icon Tough fight, race against time ahead for new Speaker
      481 24 NYT [WASHINGTON] In leading his party to midterm triumph, John Boehner, the next Speaker of the House of Representatives, is not at the endgame. He is at the beginning of the next and harder fight. Relying on his decades of experience
      NYT  -  481 words
  • Page 24 Advertisements
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      569 24 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg KENCANA AGRI LIMITED (Incorporated in Republic of Singapore) (Registration No.: *****7793E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Kencana Agri Limited will be held at Suntec Singapore International Convention Exhibition Centre Meeting Room 313 1
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      946 24 BIZPOINT INTERNATIONAL LTD. (Company Registration No. *****4014G) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of BIZPOINT INTERNATIONAL LTD. (“the Company”) will be held at Phillip’s Presentation Room, 250 North Bridge Road, #06-00, Raffles City Tower, Singapore *****1
      946 words
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      501 24 SEKSUN INTERNATIONAL PTE. LTD. Company Registration No: *****8483E NEWSPAPER NOTICE Notice is hereby given pursuant to Sections 76(10)(h) and 76(12) of the Companies Act, Chapter 50 of Singapore (the “Companies Act”), that at an Extraordinary General Meeting of Seksun International Pte. Ltd. (the “Company”) deemed to have been duly convened
      501 words
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      472 24 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF NCAT 1 PTE. LTD. (In Members' Voluntary Liquidation) (Co. Reg. No. *****9132Z) NOTICE OF RESOLUTION MEMBERS' RESOLUTIONS IN WRITING PURSUANT TO ARTICLE 65 OF THE ARTICLES OF ASSOCIATION OF NCAT 1 PTE. LTD. IT WAS RESOLVED
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  • Page 25 Advertisements
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      123 25 W' n \0 CD o CSV o e ft r r\ J i. i. To A r i. MILUS SWISS MADE SINCE 1919 IMAGINE, CREATE MOVE V mm to/ m oo 3 -I M /o AO vO\\ TRI -< RETROGRADE OTIRION MILUS -THE PLAYFUL SPIRIT OFTIME X, 1 <€>> Cortina
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  • Page 26 Advertisements
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      2128 26 MATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg KDDNJ KOON HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****3284M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held on 6 December
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      360 26 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF RAMADA HOLDING PTE. LTD. COMPANY REG. NO. *****8108K (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 1 November
      360 words
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      2729 26 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF OKEANOS INVESTMENT CORPORATION LIMITED (Co. Reg. No *****3095R) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of OKEANOS INVESTMENT CORPORATION LIMITED duly convened and held at 21 Collyer Quay, #10-01, HSBC Building, Singapore
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  • AVIATION
    • Article
      Lock icon Airbus set to erode Boeing’s lead in China
      429 27 It expects US$8b order for 100 planes during President Hu’s visit to France Bloomberg [TOULOUSE, France] Airbus SAS, for decades the al-so-ran behind Boeing Co in China, is set to reap one of its largest orders yet from the country. The company
      Bloomberg  -  429 words
    • Article
      Lock icon Boeing sees long-term growth in air cargo traffic
      147 27 Reuters [ATLANTA] Boeing Co said it expects world air cargo traffic to match its 2007 peak this year after contracting in 2008-2009, aided by increased industrial shipping. It also forecast that global air cargo would grow at a 5.9 per cent annual
      Reuters  -  147 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3132 27 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 KU6458 1425 SQ458 1425 EY473 1940 Adelaide 9W4081 1400 LH9770 2350 AF8087 1400 SQ279 2350 BA7381 1400 VS7279 2350 JL5084 1400 MU8213 1400 QF81 1400 LH9771 1745 SQ278 1745 VS7278 1745 Amsterdam LO4031 0605 KL836 0115 SQ323
      3,132 words
    • Article
      Lock icon BOC Aviation orders 30 Airbus Family jets
      273 27  -  Delivery will be over three years starting 2012 By VEN SREENIVASAN [SINGAPORE] BOC Aviation, the Singapore-based aircraft leasing subsidiary of Bank of China, has placed a new firm order with Airbus for 30 A320 Family aircraft, to be delivered over a three-year period
      273 words
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      Lock icon India’s SpiceJet to buy 30 Bombardier planes
      352 27 Order is part of a drive to boost services to smaller cities in the country AFP [NEW DELHI] Low-cost Indian carrier SpiceJet said yesterday that it plans to buy as many as 30 planes from Canada’s Bombardier in a deal worth up to
      AFP; BLOOMBERG  -  352 words
    • Article
      Lock icon Airports prepared for cyber-threats
      597 27 Procedures, systems in place to lower air traffic control failure AFP [HONG KONG] Around the world, around the clock, circles of flickering screens keep aircraft apart in the air, ease them gently down to the ground and guide their precious human cargoes off the runway. This
      AFP  -  597 words
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      4173 28 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.
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  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      356 27 CRYPTIC CROSSWORD Across 1 Show signs of wearying having got on bottle (6) 4 Rushes around company and curses (8) 10 This party is cheating with new leader (9) 11 Friend hiding love shows steel? (5) 12 Bark when vehicle ploughs into Spanish house (7) 13 Superior groom not taken
      356 words
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  • Page 28 Advertisements
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      27 28 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 TIMES
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  • Article
    Lock icon European ports plan to reward ships for cutting emissions
    516 29 Six ports develop environmental index and urge adoption of IMO norms early Reuters [LONDON] Six European ports on Tuesday launched an initiative aimed at cutting emissions from ships with some terminals offering discounts on port dues to cleaner vessels from January
    Reuters  -  516 words
  • Article, Illustration
    Lock icon LNG tanker tightness hampers deals for smaller players
    591 29 Reuters [NEW YORK] The absence of available tankers currently blighting liquefied natural gas (LNG) trade will continue throughout this winter, throwing the market back to a time when the old majors completely dominated shipping. Huge increases in Asian demand, and higher prices
    Reuters; BLOOMBERG  -  591 words
  • Article
    Lock icon Maersk takes lead in verifying CO2 emissions
    273 29 Bloomberg [COPENHAGEN] Maersk Line, the shipping unit of Copenhagen-based A P Moller Maersk A/S, said it is the first company to verify its emissions of carbon dioxide. Maersk is taking the lead among shipping lines in verifying emissions, Lloyds Register Group, a risk-management
    Bloomberg  -  273 words
  • Article
    Lock icon Baltic index falls for 4th consecutive day
    323 29 Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, fell again on Tuesday in muted activity and brokers sought firmer Chinese coal buying to provide freight support. The index, which gauges the cost of shipping commodities,
    Reuters  -  323 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Audacious hope more necessary than ever
      487 30 EDITORIAL CERTAINLY, to the rest of the world, it may seem quite shocking that President Barack Obama who swept into office on a message of hope and change only two years ago is being perceived now by so many American voters as being responsible
      487 words
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      Lock icon What Xinhua must do to make its CNC World count
      757 30  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator ON the home page of the website of a major news agency, there are videos on all kinds of news stories a plane crash, babies who
      757 words
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      Lock icon Long way to go for a united Asian voice
      1023 30  -  Too much bickering on historical/territorial issues to be able to forge a common front ANTHONY ROWLEY Tokyo Correspondent WOULDN’Tit be wonderful if leaders of the 21 Asia-Pacific Economic Cooperation (Apec) forum nations arriving in Yokohama 10 days from now were able
      REUTERS  -  1,023 words
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      Lock icon A blunt message to Obama, allies
      1796 31  -  By turning to Republicans, voters say Obama will need to do more to fix the economy if he wants to get re-elected in 2012 LEON HADAR Washington Correspondent SOME political analysts had predicted that the 2010 midterm elections would turn into a Republican tsunami
      REUTERS  -  1,796 words
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      Lock icon GOP may try to change Bernanke’s course
      418 31  -  &SS* REUTERS BREAKINGVIEWS ••••v.'-.* By MARTIN HUTCHINSON THE newly empowered US Republican Party may have fun kicking Ben Bernanke, the Federal Reserve chairman, around. Whether or not the party ends with control of the Senate, it will find budget cutting difficult and often
      BLOOMBERG  -  418 words
    • Article
      Lock icon Strict rules against insider trading
      192 31  -  LETTER TO THE EDITOR Yeo Lian Sim Chief regulatory officer Singapore Exchange WE refer to the article, “Tighten insider trading restrictions” (BT, Nov 1). The article highlighted Rule 1207 of the Listing Manual regarding trading blackout periods before regular release of corporate information. We would
      192 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9051 32 Transaction date: Nov 3 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 -0.5 70 18 18 18 18.5 1.7 10.1 5.8 86.2 12 5 5834
      9,051 words
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      Lock icon SGX CATALIST
      1899 33 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 4.5 5 25 4.3 225 130 6222 t APStrategic 164 +1 2 164 163 157
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    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9419 33 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.31/ APS Alpha Fund (USD)!** 1.02/ 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 WM
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      Lock icon SGX ETF
      861 33 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 $mil 124 107 6389 ABF SG Bond ETF 115 unch 20 116 115 113 116 525 1036 761 CIMBAsean40 100US$ US1026 1030 1035 41 325
      861 words
    • Article
      Lock icon GLOBALQUOTE
      73 33 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 $mil 56 38 6000 AVJennings A56 +1 2 56 56 53 56 3.6 6.3 4.5 145.8 55 16 6017 Genting HK US$ US45.5 -0.5 ***** 46.5
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 34 In local curr In S$ In US$ dy yr dy yr dy yr Nov 2 Index Change Change Change Change Change Change World Index Preliminary 860.8 0.6 3.4 0.5 -3.2 0.9 5.6 EAFE Preliminary 778.8 0.5 -0.8 0.7 -5.2 1.0 3.4 Europe Preliminary 1160.3 0.8
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    • Article
      Lock icon INTERBANK RATES
      177 34 Nov 3 $S Offer Bid 0vernight 0.01 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.03 US$ 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 0.42 9 months 0.80 0.60 12
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 34 Nov 3 S$ Bid Offer 1-month 1.2868 1.2879 2-months 1.2868 1.2878 3-months 1.2867 1.2878 6-months 1.2867 1.2877 Source: OCBC
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    • Article
      Lock icon SICOM FUTURES
      141 34 Nov 3 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 10 413.0 409.0 412.4 34 Jan 11 410.0 410.0 410.0 10 Feb 11 410.0 Mar 11 410.0 Apr 11 414.0 414.0 414.0 70 May 11 414.5 414.5 414.5
      141 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 34 Nov 3 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 02.02.2011 0.29 0.30 0.25 1-Year BY*****N 01.11.2011 0.41 0.38 0.38 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.95 5-Year N*****0S 2.875 01.07.2015 109.13
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    • Article
      Lock icon CHICAGO BOT
      105 34 Nov 2 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 10 1223.75 1225.25 1232.25 1220.75 Jan 11 1234.00 1235.00 1242.50 1230.50 Mar 11 1240.50 1240.00 1247.00 1237.00 May 11 1241.75 1240.00 1246.25 1238.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 10 49.63 49.75 49.92
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 34 CRUDE OIL PRODUCTS Nov 2 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 85.44 0.58 WTI (Near Mth) 83.87 1.14 Dubai (1-Mth F) 82.32 1.29 Tapis blend 89.00 1.10 Minas 84.35 1.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 85.67 1.03 Jet Kerosene 95.65 1.80 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2302 34 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 3 unch 50 1 3 2.00 1 6221 Asia-Pacific Strategic W*****6 39 1 150 15 4.21 42 6227 ASJ Hldgs W*****1 3.5 1 4 15
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 34 Nov 3 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.329 1.254 Can dollar 1.3 1.25 Euro 1.841 1.771 Sterling pound 2.102 2.022 NZ dollar 1.021 0.973 US dollar 1.307 1.257 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 34 Nov 3 Open High Sett STI Nov 3221 SIMSCI Nov 377.8 379.9 379.0 Taiwan Nov 296.4 298.2 295.8 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      74 34 Nov 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 10 3070 3070 3078 3070 164 1561 Dec 10 3095 3081 3100 3081 2488 8019 Jan 11 3100 3087 3106 3083 9076 ***** Feb 11 3102 3086
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      399 34 Nov 3 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6850 0 8711 Mar11 99.6250 0 2257 Jun11 99.5800 0 1769 Sep11 99.5200 0 2056 EUROYEN TIBOR FUTURES Dec10 99.6650 99.6650 99.6650 99.6650 1 3236 Mar11 99.6750 117 1551 Jun11 99.6900 107 1641 Sep11 99.6825 0
      399 words
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      464 34 Nov 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.006 6.653 0.711 7.731 44.247 89.004 0.804 11.073 3.077 1.290 85.488 42.452 1.284 6.864 0.976 30.328 29.656 0.621 0.997 Canada 0.994 6.615
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      Lock icon SIBOR
      85 34 Nov 3 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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      Lock icon PRECIOUS METALS
      137 34 Nov 3 GOLD (US$/oz) Nov 03 Nov 02 Hong Kong 1355.70 1357.30 Nov 02 Nov 01 London 1354.36 1352.30 1355.13 1353.30 Source: Thomson Reuters CAST BAR Nov 03 (S$) Selling Buying Kilobar 60,351.21 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 135 56 5gm 384 282 10gm 686
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      Lock icon LONDON METALS
      71 34 Nov 2 Nov 2 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2401.75 2340.75 3 months 2430.00 2371.00 Copper, Grade A (US$/tonne) Cash 8423.50 8287.00 3 months 8435.00 8300.00 Lead (US$/tonne) Cash 2468.00 2442.75 3 months 2490.00 2465.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon INTERBANK CURRENCY RATES
      156 34 Nov 3 Nov 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2832 1.2848 0.9971 0.9976 Canadian dollar 1.2758 1.2774 0.9914 0.9919 Euro 1.8060 1.8077 1.4034 1.4036 NZ dollar 0.9949 0.9963 0.7731 0.7736 Sterling pound 2.0653 2.0675
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      Lock icon LIFFE
      82 34 Nov 2 COCOA (£/tonne) Close Prev High/Low Dec 10 1870 1842 1872/1845 Mar 11 1894 1868 1898/1872 May 11 1913 1893 1916/1894 Jul 11 1931 1912 1936/1914 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1923 1912 1929/1915 Jan 11 1939 1928 1948/1915 Mar 11 1924 1915 1933/1909 May 11
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  • BizIT
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      Lock icon HP sets up design centre here
      611 35  -  The 5,000 sq ft facility will help to improve aspects of HP’s printers, reports VICTORIA HO VICTORIA HO HEWLETT-PACKARD (HP) has opened its first design centre outside of the US in Singapore. The industrial design facility will work with the printing giant’s Inkjet Web
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      Lock icon Singapore now home to region’s fastest supercomputer
      566 35  -  Reports by RAJU CHELLAM ONE of Singapore’s apex research agencies has just commissioned what might be Singapore’s and South-east Asia’s fastest computer so far. The computer clocks a system speed of 22.5 Tflops (trillion floating point operations per second) about 12,000 times faster
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      Lock icon SGI mulls R&D operations here
      373 35 ONE of the world’s bestknown brands in technical computing, SGI (formerly called Silicon Graphics Inc) is looking at Singapore as one of its first international cities to site the company’s R&D outside the US. The California-based SGI has just revamped its Asian operations and made
      373 words
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      Lock icon Turkey reinstates ban on YouTube
      355 35 A Turkish court had earlier lifted the ban on Saturday Reuters [ANKARA] Turkey has reinstated a ban on YouTube just days after lifting it, state agency Anatolian said, as a dispute continued over the video-sharing website’s refusal to remove content deemed illegal in the EU
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      Lock icon Microsoft ups ante in battle for mobile share
      313 35 Bloomberg [OAKLAND, California] Microsoft Corp’s patent-in-fringement claims targeting Motorola Inc’s Android smart phones will be investigated by the US International Trade Commission (ITC). The trade agency in Washington, which has the power to block US imports of products that violate patents, made
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      Lock icon Londoners turn to travel apps as strikes continue
      244 35 Bloomberg [LONDON] As Londoners suffer through a third strike by subway workers in as many months, Malcolm Barclay, an independent application developer for Apple Inc’s iPhone, is raking it in. Barclay’s London Travel Deluxe and Tube Deluxe apps help users plan their
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  • PROPERTY
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      Lock icon Retail space in demand, says UK mall owner
      453 36 Large shop units in new malls in short supply, says Capital Shopping Reuters [LONDON] Capital Shopping Centres (CSC), the UK’s largest mall owner, saw a “discernible improvement” in demand for its properties, notably from retailers chasing a short supply of larger shop
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      Lock icon Land Securities in talks to buy Scottish mall
      184 36 Reuters [LONDON] Land Securities, the UK’s largest property company, is in advanced talks to buy Overgate mall at Dundee, Scotland, in its biggest investment deal since the 2007 market slump, a source close to discussions said. The bluechip investor has agreed to
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      Lock icon Househunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN OCT 6 AND OCT 12, 2010
      635 36 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 07/10/2010 99 1130 2292 2029 District 2 NON-LANDED Icon
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      Lock icon UK housing reforms spark social concerns
      693 36 AFP [LONDON] The British government’s deep housing benefit cuts have sparked concern that London’s poorest citizens may be forced to live on the outskirts of the capital, as they are priced out of central areas. Finance Minister George Osborne launched plans last month to
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      Lock icon HK plot fails to fetch expected price
      495 38 Location, uncertainty over policies cited for poor response at govt land auction Reuters [HONG KONG] Hong Kong sold a piece of land yesterday at an unexpectedly low price as developers were less keen on the site due to its location and uncertainties over
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      Lock icon HK priest calls city’s richest man a ‘devil’
      395 38 AFP [HONG KONG] A Hong Kong Catholic priest has called the city’s richest man Li Ka-shing a “devil”, weeks after the tycoon made headlines by pledging to give millions to the poor. Thomas Law made the remarks after a weekend Halloween party,
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      Lock icon Taiwan’s Farglory in US$1b Abu Dhabi project
      260 38 Reuters [TAIPEI] Taiwan’s Farglory Group will develop an estimated US$1 billion hotel and residential project in Abu Dhabi’s new financial district in partnership with the Emirate’s state fund, a source close to the situation said yesterday. The project, which includes high-end residences, office
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      Lock icon Big surge in industrial property deals this year
      602 39  -  By EMILYN EMILYN YAP [SINGAPORE] Industrial properties are attracting their fair share of buyers even as glitzy condominiums and gilded bungalows hog the limelight. According to Cushman Wakefield, $3.42 billion worth of factory units changed hands in the first three quarters of
      Source: URA REALIS, Cushman & Wakefield Research  -  602 words
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      Lock icon Almost $1 billion of collective sales so far in 2010
      306 39  -  By UMA SHANKARI [SINGAPORE] Collective sale transactions have hit $975.6 million so far this year, according to Jones Lang LaSalle (JLL). And residential collective sales at $883.6 million year-to-date account for over 90 per cent of the total. In contrast,
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      Lock icon Bank Negara caps 3rd home mortgages
      543 39  -  Immediate 70% LTV limit aimed at curbing excessive speculation By PAULINE NG MALAYSIA’S central bank has placed a maximum 70 per cent loan-to-value (LTV) limit on third home mortgages in a bid to curb excessive speculation and to bring about a more stable and
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      42 36 With Savills Retail Lifestyle Leasing, you can find the most prime and strategic locations for your business savills Savills has more than 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world Call 6836 6888 SavillS-COtTI
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      624 37 SU ITSS at ORCHARD Premium residences for the true urbanite, at the heart of the city. W !!!ii l! a if. R<"' Mill Hi 4 Sr El if!!!! I® \1M w \w w. sal g?;r 1 jj J l« S ill sii w* Sir S» flpi II' 5 l! ftp
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      326 38 5 3 3 ss !> Si: i a 5 M 2 rw s martinplace RESIDENCIES FINAL RELEASE OF 2 SINGLE-LEVEL PENTHOUSES 8fe v 'v Prestigious 33-storey FREEHOLD living in River Valley, District 9 In close proximity to Clarke Quay, the neighbourhood with cool recreation and fine dining options Nestled on
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      24 38 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. (Q0 ESAT& NOTICES
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      69 38 8 Nassim Hill Brand New Showflat Prestigious Address, 16 units only Freehold. Foreigners Eligible Short stroll to Orchard Shopping belt Good investment value Immediate occupation Private pool lawn 4 5 bedrooms ensuites Size 3218 sq ft 5759 sq ft Viewing by appointment only. Residential 9183 3547 Marina Bay Suites Invest
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      67 38 Seascape At Sentosa Cove Luxurious Home By The Sea Spectacular Sea View 3 4-Bedrooms Penthouses with Pte Pool Showflat viewing by appointment: 9766 5020/9690 1250 Penthouses Sentosa OCEANFRONT THE BERTH Sky Villas, 3574 sq ft Penthouse, 2992 sq ft 4 bdrms with family area 4 bdrms with jacuzzi Private pool
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      166 39 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,
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      68 39 KnightFrank.com.sg FOR SALE BY TENDER By Order of Government of Japan 18 ASTRID HILL 2-storey freehold Good Class Bungalow in Queen Astrid Park Prestigious and exclusive residential enclave Land area: 18,939 sq ft, Floor area: 4,112 sq ft approx Elevated regular shaped land Located near to Holland Village, Orchard Road
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      159 39 PRIME central OFFICE SPACE FOR LEASE SIB* 1 Unit size of 2,594 sq ft or whole floor unit of 13,337 sq ft 1 Above Clarke Quay MRT Station 1 Panoramic views of the Singapore River and Marina Bay 1 Gymnasium and pool facilities available For leasing enquiries, please call: *****433
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      65 40 Jpwk >r <* y" ■am. tvf' m r> to* THE MASTER OF TIME The delicate feat of its assembly accomplished, an LV277 chronograph oscillates 36 000 times every hour. But let us not be dazzled by mere numbers. This wealth of tiny pulses has but one aim: to remind us
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  • THE BUSINESS TIMES Enterprise 50
    • Article, Illustration
      Lock icon Post-crisis growth
      273 1  -  Chen Huifen AST year, the theme for the Enterprise 50 supplement was “Preparing for the upturn”. Then, even though there were signs that the economy was perking up, there were still plenty of doubts about how sustainable the recovery would be, with lacklustre business and employment indicators in
      273 words
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      Lock icon Samwoh finds niche in green construction
      1237 2  -  The company is banking on recycled concrete aggregates to grow its business. It is also working on more new R&D projects in a bid to stay ahead of the industry curve, reports UMA SHANKARI UMA SHANKARI CIVIL engineering and building materials company Samwoh Corporation
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      843 4  -  Teo Kiang Ang was a rookie but his human touch made him well-suited to run a people-oriented taxi business, reports WINSTON CHAI WINSTON CHAI DELIVERING liquefied petroleum gas (LPG) cylinders and taxi passengers shouldn’t be all that different. Both involve pick-ups and drop-offs at specific locations,
      ARTHUR LEE  -  843 words
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      Lock icon Riding the tide of change
      1140 4 ESTABLISHED in 1990, S W Engineering Pte Ltd (S W) was born out of Wong Chung Kang's determination to be a master of his own destiny. Together with three colleagues, Mr Wong chose to leave his well-paying job for an entrepreneurial journey fraught with uncertainties
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      Lock icon Cathay puts up impressive show
      776 6  -  The cinema operator raked in close to $70 million in sales last year, and expects this to grow by as much as 9 per cent this year, reports JAMIE LEE JAMIE LEE TELLING the story of Cathay Organisation, one of this year’s Enterprise 50 top
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      Lock icon Key to planning for a successful M&A
      1039 6  -  By BENJAMIN ONG Benjamin Ong is executive director of KPMG Corporate Finance Pte Ltd. The views and opinions expressed herein are his and do not necessarily represent the views and opinions of KPMG in Singapore. MAKING an acquisition is one of the most
      STOCKXCHNG  -  1,039 words
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      Lock icon Borden on growth path
      1016 8  -  The maker of the Eagle Brand medicated oil wants to take its core product to India and China, and promote aggressively its other products, reports EMILYN YAP EMILYN YAP FOR a 50-year-old firm that already exports its pharmaceutical products to 20 countries around the world, Borden
      1,016 words
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      Lock icon Banking on a one of a kind vessel
      1177 10  -  Fast Offshore’s investment in fast multi-purpose supply vessels has paid off handsomely, reports FELDA CHAY FELDA CHAY YOU could hardly call it smooth sailing. In 2003 three men one with the dream of building a one of its kind fast, multi-purpose vessel
      1,177 words
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      Lock icon Boosting knowledge productivity
      1135 12  -  The key is to identify and address the barriers such workers face in their daily interactions, write ERIC MATSON and LAURENCE PRUSAK ERIC MATSON ,LAURENCE PRUSAK Eric Matson is a consultant in McKinsey’s Boston office; Laurence Prusak is a visiting scholar at the University of Southern California
      STOCKXCHNG  -  1,135 words
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      Lock icon Moving into new ventures pays off
      1005 14  -  KAREN NG looks at Woodlands Transport’s success story KAREN NG NOT many people can imagine growing a company from three buses to an all-round transport solutions provider but not many people are like Woodlands Transport Service (WTS) managing director Voo Soon Sang. He had
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      Lock icon Kenyon stays on growth path
      1002 16  -  Group MD Tan Yong Keng attributes the company’s success to its diligent staff and its flourishing China business, which has come a long way, reports LYNETTE KHOO LYNETTE KHOO THIS company took its entire staff to Crazy Horse before the cabaret closed its doors in
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      Lock icon Linkers eyeing Africa’s potential
      1019 17  -  Linkers founder Shamsher Zaman talks to CHEN HUIFENabout the region’s exciting prospects and the company’s challenges CHEN HUIFEN DOUBLE dip or not, chemicals and polymers trading firm Linkers (Far East) Pte Ltd is gearing up for post-crisis growth with product and market expansion in its business
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      Lock icon It’s vital to think like designers
      744 18 Singapore companies need to embark on a design thinking journey to become more human-centric, so that they can deliver new experiences and value for their consumers DYNAMIC. Unpredictable. Competitive. Adaptable. These words come to mind when discussing the current business climate. With the changing
      744 words
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      Lock icon Xin Ming Hua powering ahead
      1013 19  -  From its humble beginnings as a generator repair outfit, the homegrown company has progressively built up an extensive portfolio. ELAINE NGfinds out the reasons for its success ELAINE NG GROWING up in his father's small repair shop, Elvin Tan and his seven siblings would help
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      Lock icon Going global made easier
      1292 20  -  MINT KANGfinds out how IE Singapore’s Exporter Development Programme help companies to target the world market MINT KANG This article first appeared in the November/December issue of The SME Magazine IN recent years, going abroad has become a business strategy of choice for many companies. Whether
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      Lock icon New approach to managing talent
      1151 21  -  Companies need to address how focal jobs are designed and structured as these positions have a direct effect on how the organisation stands out against its competitors, says G VENKATRAGHAVAN G VENKATRAGHAVAN G Venkatraghavan is managing partner of IBM Global Business Services in Singapore ECONOMIC
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      Lock icon Yew Choon thrives on challenges
      661 22  -  Its thorough and meticulous service, and never-say-die attitude have won the heavy lift specialist a loyal following, reports LYNN KAN LYNN KAN NO job is too near or far for heavy lift specialist Yew Choon. Yew Choon started from humble beginnings in 1972 as an
      661 words
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      Lock icon The changing supply chain landscape in Asia
      933 22  -  By GOPAL R,KEOW SOON HIONG Gopal R is vice-president, transportation logistics practice, Asia Pacific at Frost Sullivan; Keow Soon Hiong is senior consultant, transportation logistics practice, Asia Pacific at Frost Sullivan IN THE last 10 years, Asia has seen a great change in
      933 words
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      Lock icon Making money from memory
      1176 24  -  Strontium CEO Anshuman Gupta tells RONALD HEEhow the company plans to become the 10th largest memory maker in the world RONALD HEE IN March 2002, two university friends decided to get together to start a company. It’s a beginning familiar in the technology world. But unlike
      PHOTOS BY YEN MENG JIIN  -  1,176 words
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      Lock icon Making workers feel at home
      899 27  -  CHAN SWEE KHUAN finds out why Wah Loon MD Alan Chong is a strong believer in staff welfare, and how he plans to grow the company into a major M&E player in the Asia-Pacific region CHAN SWEE KHUAN ALAN Chong, managing director of Wah Loon
      ARTHUR LEE  -  899 words
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      Lock icon Letting creativity flow
      1301 28  -  MICHAEL FRESE looks at how some inventions were born and the kind of environment that companies should create so that workers can think out of the box and innovation can flourish MICHAEL FRESE Michael Frese is Professor in Management Organisation at NUS Business School. He specialises in
      AFP  -  1,301 words
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      Lock icon An eye on heart-ware, hardware
      975 29  -  Star Controls CEO Patrick Lim attributes his company’s winning formula to its strong relationships with people, both employees and customers alike, reports ELAINE NG ELAINE NG HE was working at his uncle’s factory in Paya Lebar during his vacations when 10-year-old Patrick Lim’s entrepreneurial spirit
      YEN MENG JIIN  -  975 words
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      Lock icon SMEs take to iSPRINT packaged solutions
      1496 30 The $25 million initiative aims to address the different IT adoption needs of SMEs and to make it easy for them to to seek assistance for their computerisation projects SMALL and medium enterprises (SMEs) can now purchase quick-to-implement IT solutions such as Accounting, Payroll
      1,496 words
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      411 1 CONTENTS Kenyon stays on growth path PAGE 16 Making money from memory PAGE 24 Moving into new ventures pays off PAGE 14 Cathay puts up impressive show PAGE 6 f~= IS*****0 OHSMS ISO 9000 TtP'R u m'.aiuj'.i 3 1 n Member of the IAF MLA for QMS IS*****0 OHSMS ISO
      411 words
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      59 3 I 20 7 0 Ente r Pris SO e Awa r ds >4 0 A <r m D 11! i A. f nf f 1 r P"i« fc OCBC Bank congratulates the 2010 Enterprise 50 Awards winners on their resounding success. Q Ask OCBC li) OCBC Bank BEST SME BANK
      59 words
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      163 5 2010 ENTERPRISE 50 AWARD To our dedicated staff and business partners, thank you for your unwavering support. ENTERPRISE Celebrating Singapore's Enterprising Spirit£Q y Q w < "V Ki. Iff yyf TBI* If, 3, I i 1 1 i i 4 iH fl PARTNERS MECFLOU A SALCO CEINDUSTRIES Offshore Engineering Systems
      163 words
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      286 7 ftSAMWOH ENTERPRISE ENTERPRISE Celebrating Singapore's Enterprising Spirit 2008 Celebrating Singapore's Enterprising Spirit 2009 Celebrating Singapore's Enterprising Spirit 2010 Success is part of our journey, it is not our final destination... FJL SAMWOH CORPORATION PTE LTD 25E Sungei Kadut Street 1, Singapore *****3 Tel +65-6269-7288 (10 lines) Fax +65-6368-2886 Email: info@samwoh.com.sg
      286 words
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      470 9 Trans-cab Services Pte Ltd cat) One Stop Operation, O Celebrating Our Drive ENTERPRISE PF IP The deregulation of the toxi industry in 2003 brought about keen competition among the various operators. But it also created the impetus for unprecedented growth: With an initial fleet size of 50 taxis, we are
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      218 10 HT UNIVERSAL PTE LTD 6 Engineering A Safe Future For Life Assets HT Universal Pte Ltd is the parent company of the Hart Group of Companies, which was established in 1971. We started as a leading fire protection specialist contracting company, and we have evolved into a value-added and knowledge
      218 words
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      170 11 ENTERPRISE r -5D Celebrating Singapore's Enterprising -j Q NTERPRIS HE 5 th CONSECUTIVE 1^^ 4 Enterprise 50 Winner ttws: X-r-7: vV* v m M a J U,'.' ss'\ r rf x > n V i«i m La I I Enterprise 50 Winner Enterprise 50 Winner Enterprise 50 Winner f i
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      122 12 Hyphens Pharma The emerging specialty pharmaceutical company of Southeast Asia Our Key Success Factor is PEOPLE Committed Staff Supportive Customers A special THANK YOU to our dedicated staff and our supportive customers for playing pivotal roles in our journey thus far. Our promise is to continuously enhance our portfolio of
      122 words
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      481 13 WAH LOON celebrates winning Enterprise 50 second year running r Wj* N T3 u< \r* r tr 7 www.wahloon.com Wah Loon's philosophy in grooming our people towards service excellence is pivotal to our success as a reputable M&E engineering firm. We have been persistently honing our people's core competencies and
      481 words
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      63 14 THANK YOU To All Our Business Partners, Clients, Dedicated Staff Management for all their years of support. Taking this opportunity, we wish to thank you for helping us fulfill our mission of transforming people, continuously providing the best quality and affordable training programmes to all individuals and companies. Heartiest Congratulations
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      350 15 > Jt l=f 0 PROGRESSIVE BUILDERS PTE LTD Progressive Builders Private Limited is an established building contractor that provides building construction and related services. We are honoured to be one of the recipients of the prestigious Enterprise 50 Awards. We would like to thank our valued clients, business associates, dedicated
      350 words
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      98 16 WE BUILD TO INSPIRE Seiko Architectural is the proud recipient of the Prestigious Enterprise 50 Award SEIKO ARCHITECTURAL WALL SYSTEMS PTE LTD I J TUV SUD A CCREDl JK\ CERTIFIC. 800y ACCREDITED CERTIFICATION BODY ■ZED Member of the IAF MLA lor QMS SME Growth Excellence Recognition 2009 SINGAPORE 1000 SINGAPORE
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      110 17 4* r 4 fnU i 3 an ENTERPRISE ENTERPRISE 2009 2010 Celebrating Singapore's Celebrating Singapore's Enterprising Spirit 2009 Enterprising Spirit 2010 YEW CHOON ONSHORE OFFSHORE HEAVY LIFT SPECIALIST IS PROUD TO BE AWARDED ENTERPRISE 50 FOR THE YEAR 2010 "SpP—a t aS w ■r tS 17 ~'-f V/. -S' 3J
      110 words
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      191 18 o o ENTERPRISE PAY AH HENG Ceiebratii ng Singapore's Enterprising Spirit PAY AH HENG CONTRACTOR is proud to receivethe prestigious E50 Award in~2010 V. r: I -r tin IJII 1<V I 1 f I IB-' MUHENG CONTRACTOR Pit LID M r r-^. Pay Ah Heng Contractor Pte Ltd is an
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      223 19 takes this Thank all ou Customers Business Associates for their tremendous r* K yZ: V. -e 7 *iC FOS POLARIS FOS ORION .1, FOS ORION FOS is proud to be associated with Singapore's circle I r of prestigious companies in achieving the Enterprise 50 ENTERPRISE FOS GE1 Celebrating Singapore s
      223 words
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      255 20 J E» 7« ENTERPRISE GRIN CITV Celebrating Singapore's Enterprising Spirit 2010 Upholding Excellence in Service Acknowledged for retailing the widest range of air-conditioners, home appliances, audio-visual products, I.T. and digital gadgets, Gain City has today, morphed into an iconic brand and achieved the coveted Enterprise 50 Award for the third
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      97 21 •f tz< /V i I t, w. ffiWsi :s i* >:> ►©5 ;i hi J'.v K > k->* V •> N* -V f. s >» > «.i 5- ■tfSsv" <r?T c. •-f •>/ r«v u i < I J* Strontium doesn't. >> v* c V < "/K •V <■■ V
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      180 22 VICTOR ENTERPRISES PTE LTD Winner of the Enterprise 50 Award for two consecutive years driven by commitment and sense of achievement for excellence. Distributor of diverse range of: lubricants automotive diesel liquified petroleum gas specialty chemical products Serving more than 3,000 companies in Singapore and Asia Pacific region. Victor Enterprises,
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      195 23 Please visit our website: www.starcontrols.com Star Controls Engineering Co. Pte. Ltd., Winner of Enterprise 50 Award for 2008, 2009, 2010 ENTERPRISE Our Partners LAP LAP Projects (Asia) Pte Ltd Around the world in one LAP STAR J CONTROLS Celebrating Singapore's Enterprising Spirit Standard Chartered EMERSON Process Management nivals Flow with
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      157 24 A Atlas Vending ENTERPRISE r* Celebrating Singapore's Enterprising Spirit 2010 It's Refreshing To Receive The Prestigious Enterprise 50 Award ForThe 3 rd Consecutive Year ENTERPRISE c J Winner of Enterprise 50 Award 2008,2009 2010 Winner Singapore Quality Class Award 2010 Our 3rd consecutive Enterprise 50 award reiterates Atlas Vending's unwavering
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      142 25 Rotating Offshore Systems rv ENTERPRISE Celebrating Singapore's Enterprising Spirit 2010 ENTERPRISE SO AWARDS 2010 WINNER its o vet" Rcf"9 craU0 KOS 5. r s: 3 A u I M m mry >■>. ■i w* 1 A l r> v Rotating Offshore Systems is an engineering company specializing in the design
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      404 26 5 I N N X i The CKL Group is a premium manufacturer and distributor of beverages, bottled water, rl v i Ci H f r\ nrl f r\r\ H an A oHihl a r\ i I HiiiWMwH I M kTt K v I V B VIVIV 1 1 OH
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      167 27 ENTERPRISE GROUP 0 Celebrating Singapore's Enterprising Spirit 2010 ESTABLISHED 1975 CKL HOLDINGS PTE LTD 5* IN ACHIEVEMENTS EXCEE-BWCE -> The CKL Group is a premium manufacturer and distributor of beverages, bottled water, dried food, canned food and edible oil. Our flagship brand Sagiko, has more than 30 different types of
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      151 28 fcj CATHAY CINEPLEXES AN INDUSTRY LEADER, NOW A GROUNDBREAKING ENTERPRISE Cathay Cineplexes Ranks Among Top 10 on its first E50 Award For the past 75 years, we have been spearheading evolutions in the entertainment and leisure scenes in Singapore. Our numerous and often pioneering achievements attest to our indelible leadership.
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      122 29 www.easpl.com.sq Bringing To Life* Mi 4 i/!! W h a />»'. m :'p.: vM I 2S w ■d it A n v\ > f,f if II "££A nwmi 7 ■Ji nr m ?> 1 £AS /s proud to be recog Enterprise 50 Award 2010 ENTERPRISE Celebrating Singapore's Enterprising Spirit 2010
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      186 30 Molecules of Excellence Chemistry For Success We're proud to receive the Enterprise 50 Award for the 3rd consecutive year Aik Moh Paints Chemicals salutes our dynamic team and valued partners for driving us to win the prestigious Enterprise 50 Award for the 3rd year running. The award has constantly motivated
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      405 31 Celebrating Singapore’s Enterprising Spirit 2010 CongratulationsTO ALL WINNERS As the economy turns around, companies that had seen their growth derailed are getting back on track. This is especially true of the winners of this year's Enterprise 50 awards, many of which have been gearing up for growth and striking out
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      359 32 mimwm mm in=pol 800 Super Waste Management Pte Ltd K/i.'nrT /T/l j jJ on being awarded Enterprise 50 800 super for the 800 SUPER WASTE MANAGEMENT PTE LTD is soaring to greater heights with the Enterprise 50 Award. With a fleet size of more than 80 mechanized refuse collection vehicles
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