The Business Times, 11 November 2010
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2010-11-11
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The Business Times
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Title Section23 2010-11-11 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, November 11,201023 words
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Article, Illustration660 2010-11-11 1 Each nation holding fast to their initial positions; watered down deal expected AFP Reuters [SEOUL] Bad blood between the world’s 20 biggest rich and emerging nations spilled over yesterday on the eve of a summit devoted to rebalancing the lopsided global economy. Ill-tempered pre-sum-mitAFP; Reuters; REUTERS - 660 words
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907 2010-11-11 1 VEN SREENIVASAN - SIA grounds 3 planes after engine oil leaks; SIA Cargo fined for price-fixing in Europe By VEN SREENIVASAN [SINGAPORE] Despite reporting sterling secondquarter results on Tuesday, Singapore Airlines has run into stormy weather. Days after saying the engines on its 11 Airbus907 words
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Article145 2010-11-11 1 H ST INDEX 3,289.24 (-24.37) H ST INDEX FUTURES 3,285 (-25) H SIMSCI 387.35 (-3.46) H SIMSCI FUTURES 387.50 (-2.50) FOREX US$ S$ US$ (S$ per US$) 1.288 (US$/S$ per 1.599 2.059 EURO (US$/S$/E) 1.378 1.775 Foreign currency per US$ S$ YEN 81.80 63.50 RM 3.092 2.401 HK$145 words
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Page 1 Advertisements
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Advertisement79 2010-11-11 1 BizIT Sats cloud move not a short-term decision GOLD STANDARD Zoellick on the ‘yellow elephant in the room’ PAGE 4 OBITUARY Shipping stalwart Lua Cheng Eng PAGE 2 PROPERTY Ex-Singapura Theatre site sold for $44.9m PAGE 34 PAGE 32 I CDL posts 1.1% rise in Q3 profit to $195.8m I79 words
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Advertisement8 2010-11-11 1 Growth not strong enough, say ministers, Page 48 words
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Advertisement70 2010-11-11 1 ew I ieneve i m -w on A V L J{You never actually own a Patek Philippe. You merely lobk after it for the next generation. EST? 19 54 SINCERE fine watches SINGAPORE TAKASHIMAYA SHOPPING CENTRE TEL (65) 6733 0618 LUCKY PLAZA TEL (65) 6737 4593 SUNTEC CITY MALL TEL70 words
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TOP STORIES
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Article371 2010-11-11 2 Rough day at the office for SIA DESPITE reporting sterling second-quarter results on Tuesday, Singapore Airlines has run into stormy weather. Days after saying the engines on its 11 Airbus A380 aircraft were safe, SIA yesterday grounded three of its giant planes after oil leaks were found in371 words
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Article, Illustration723 2010-11-11 2 GEORGE JOSEPH - Lua Cheng Eng, who put NOL in the big league, dies 5 years after China accident OBITUARY By GEORGE JOSEPH [SINGAPORE] He was a soft-spoken man who had never been known to have raised his voice at subordinates, or anybody else for that matter.FILE PHOTO - 723 words
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361 2010-11-11 2 NISHA RAMCHANDANI - By NISHA RAMCHANDANI [SINGAPORE] Tiger Airways Holdings has appointed Stewart Adams, the former managing director of UK regional airline bmi Regional, as its new managing director for Tiger Airways Singapore, confirming a report in The Business Times yesterday that current MD Rosalynn361 words
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Article, Illustration724 2010-11-11 4 FELDA CHAY - He’s not asking for return to gold standard but to use metal for reference By FELDA CHAY [SINGAPORE] World Bank president Robert Zoellick said yesterday that he was not advocating a return to the gold standard for exchange rates, butBLOOMBERG - 724 words
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Article, Illustration447 2010-11-11 4 Reuters [SEOUL] The main economic risk to the world is the prospect of advanced economies underachieving on growth, US Treasury Secretary Timothy Geithner and his counterparts in Australia and Singapore said. In a joint opinion piece due for today’s edition of the Wall StreetReuters - 447 words
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685 2010-11-11 4 MICHELLE QUAH - It says assertion that company is insolvent is inaccurate By MICHELLE QUAH [SINGAPORE] Damning allegations made by the Commercial Affairs Department (CAD) in its investigation report on Profitable Plots provoked a strong response from the company, which has called the report “wrong and/or685 words
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422 2010-11-11 4 FELDA CHAY - By FELDA CHAY [SINGAPORE] Governments should be directing more of the large capital flows into Asia to infrastructure investments, said Singapore Finance Minister Tharman Shanmugaratnam yesterday. “The fact that we have seen large capital flows into Asia is not going to422 words
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840 2010-11-11 4 GRACE LEONG - Taiwanese scientist’s lawyer questions relationship manager By GRACE LEONG [SINGAPORE] A Deutsche Bank relationship manager whose alleged negligent advice cost Taiwanese scientist Chang Tse Wen nearly half of his US$118 million fortune, was questioned on the credibility of evidence given840 words
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Page 2 Advertisements
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Advertisement518 2010-11-11 2 KPMG Seminar Series SINGAPORE Exotic Options and Structured Forwards Dates 16 17 December 2010 Structured products and traditional option offerings are often enhanced with exotic payoff features ranging from average through barrier, basket, binary to zero cost. Often, traditional currency forward contracts can be ‘revamped’ with option technology suiting specific518 words
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Advertisement178 2010-11-11 2 PRODUCED BY Visa Presents An Evening With Ms. DIONNE WARWICK Tuesday, Nov 30, 2010 at 7:30pm The Grand Ballroom at Marina Bay Sands® Back by popular demand! Five time Grammy Award winner to perform her classic timeless hits in private dinner concert! The perfect year end entertainment event for your178 words
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Advertisement209 2010-11-11 3 TRUST THE FUTURE TO THE YOUNG. THEY HAVE LONGER TO LIVE IN IT. w/m>m Jacob Colker United States Transforming volunteering for the 21 st century For more than 30 years, the Rolex Awards for Enterprise have been an incubator for groundbreaking, world-changing ideas. This year is slightly different, although just209 words
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Advertisement8 2010-11-11 4 Taking issue with Zoellick’s golden idea, Page 258 words
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Advertisement227 2010-11-11 5 N ,a Just the boost I need to propel my vision further s, S E Khoo Beng Keat, Managing Director, MAJ Aviation .J "My OCBCbusiness account now helps me build my brand as well as my company." Being in the aviation support industry, every maintenance activity is critical for safe227 words
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COMPANY NEWS
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Article, Illustration807 2010-11-11 6 KALPANA RASHIWALA - Group selling two industrial properties to Sabana Reit for $347.4m PROPERTY EARNINGS By KALPANA RASHIWALA CITY Developments Ltd (CDL), which posted a 1.1 per cent year-on-year rise in third-quarter net profit to $195.8 million, said yesterday that it is selling two Singapore industrialFILE PHOTO - 807 words
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Article163 2010-11-11 6 PROPERTY developer SC Global Developments Ltd reported that its net profit for the third quarter ended Sept 30 surged to $33.42 million from $5.42 million a year ago. “The six-fold increase in Patmi (profit after tax and minority interests) was mainly a result of163 words
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PROPERTY BRIEFS
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118 2010-11-11 6 HONGKONG Land Holdings says its commercial property leasing markets in Hong Kong and Singapore remain favourable. In its interim management statement for the period July 1 to Nov 9, 2010, the group said its Hong Kong office portfolio had a 4 per cent vacancy rate118 words
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56 2010-11-11 6 ALLGREEN Properties says its net profit for the third quarter of 2010 fell 24.45 per cent from a year ago to $55.91 million. Revenue fell 45.91 per cent to $158.53 million due to a drop in revenue from development properties, despite an increase in56 words
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65 2010-11-11 6 CHINA developer Yanlord Land Group says its net profit for the third quarter of 2010 rose 21 per cent from a year earlier to $110.1 million, due to lower land appreciation tax. Revenue, however, fell 10 per cent to $527.27 million. Yanlord has65 words
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Article, Illustration430 2010-11-11 6 JOYCE HOOI - Revenue rises 7% on recognition of property sales By JOYCE HOOI UOL Group recorded an 18 per cent increase in net profit for its third quarter, from $105.6 million to $124.7 million. Revenue rose 7 per cent year on year, from $323.9FILE PHOTO - 430 words
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360 2010-11-11 6 TEH SHI NING - By TEH SHI NING OVERSEAS Union Enterprise yesterday posted a third-quarter net profit of $127.3 million. The surge in earnings attributable to equity-holders from $7.8 million a year ago was helped by a fair val- ue gain of $128.4 million on investment360 words
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567 2010-11-11 6 LYNETTE KHOO - BY LYNETTE KHOO INVESTORS hoping to get a slice of the China action should do so through multinational companies (MNCs) in the consumer, water treatment, energy resources and electronics space. These would include companies such as Apple, Pfizer, Suez, Infineon, Wilmar International and Samsung Electronics.567 words
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633 2010-11-11 7 SIOW LI SEN - Proceeds to be used to redeem bank’s outstanding callable preference shares By SIOW SIOW LI SEN DBS Group Holdings is offering retail investors a bumper $500 million preference share issue carrying an attractive dividend rate of 4.7 per cent per annum. The633 words
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310 2010-11-11 7 FELDA CHAY - Loss in oilseeds and grains unit; absence of big one-time gain By FELDA FELDA CHAY WILMAR International’s third-quarter net profit plunged 60.3 per cent year-on-year due to the weaker performance of its oilseeds and grains division and the absence of a big one-time gain.310 words
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234 2010-11-11 7 WINSTON CHAI - By WINSTON CHAI SINGAPORE Telecommunications’ (SingTel) regional mobile subscriber base has recorded its strongest quarterly gain this year, thanks to a customer boom at regional associate Bharti. South-east Asia’s largest operator yesterday reported a 35 per cent year-on-year increase in its regional mobile234 words
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Article159 2010-11-11 7 AP [MUMBAI] Bharti Airtel’s profit slid in the latest quarter as India’s largest mobile phone company lost market share and cut call rates amid hyper-competition in its fast-growing home market. Net profit for the JulySeptember quarter was 16.6 billion rupees (S$482.2 million), down 26.6 perAP - 159 words
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300 2010-11-11 7 NISHA RAMCHANDANI - By NISHA RAMCHANDANI ARA Asset Management posted a 7 per cent year-on-year increase in net profit to $12.98 million for the third quarter ended Sept 30, 2010, while revenue rose 17 per cent to $24.5 million. During the quarter, recurrent management fee300 words
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350 2010-11-11 8 JAMIE LEE - Merger mania in US, Europe driven by cost-cutting, says SGX chief Reports by JAMIE LEE UNLIKE the merger mania in the US and Europe that was prompted by cost-cut-ting, the proposed $10.7 billion takeover of ASX, the operator of the Australian stock exchange, by350 words
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442 2010-11-11 8 HK’s SFC chief sheds light on the ‘serious time mis-match’ MARKETS AND TRADING IT takes much too long to turn political decisions on financial regulatory matters into actual rules, the chief executive of Hong Kong’s Securities and Futures Commission (SFC), Martin Wheatley, said at a442 words
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412 2010-11-11 8 HIGH-FREQUENCY trading is unlikely to gain traction as quickly in Asia as it did in Europe and the US given that markets here are not fragmented, said a senior researcher from a US-based firm yesterday. “In many Asian countries, the exchanges are not412 words
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210 2010-11-11 8 TEH SHI NING - By TEH SHI NING ST Engineering’s land systems arm ST Kinetics yesterday said that it has secured $160 million worth of contracts from the Singapore Armed Forces (SAF). The two four-year contracts are for the maintenance of SAF’s vehicles and the preservation of210 words
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COMPANY BRIEFS
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73 2010-11-11 8 THAKRAL Corporation Ltd reported that its net profit for the third quarter ended Sept 30 rose 40 per cent to $2.41 million. Revenue for the quarter fell 12 per cent to $101.22 million as it focused on more profitable, higher margin distribution businesses. Thakral73 words
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72 2010-11-11 8 CIVIL engineering group Yongnam Holdings said that its net profit for the third quarter of 2010 rose 20.6 per cent from a year ago to $13.65 million. This is despite a 2.2 per cent slip in revenue to $80.76 million. It said prospects72 words
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60 2010-11-11 8 CHINA Aviation Oil (Singapore), a key jet fuel supplier in China, reported that its net profit for the third quarter fell 26.3 per cent to US$13.77 million. Revenue, however, rose 40 per cent to US$1.39 billion due to the higher volume of jet60 words
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37 2010-11-11 8 FIRST Reit’s manager said yesterday that its distribution yield for 2011 is expected to rise from 8.57 per cent to 9.14 per cent following the acquisition of two Indonesian healthcare properties.37 words
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Page 6 Advertisements
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Advertisement1101 2010-11-11 6 :*ATci NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ALFRED DUNHILL (SINGAPORE) PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****1909H NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 501 Orchard Road, #12-01 Wheelock Place, Singapore *****01,101 words
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Advertisement330 2010-11-11 7 NOVENA Specialist Center At the heart of medical excellence g i i i I Novena Medical Center < 100m HR^S Mount Elizabeth Hospital 3.9km iJ Future Parkway Novena 250m Raffles Hospital 3.4km k: a V ft* w. T Novena IRE KK Women's and Children's Hospital 1.6km Tan Tock Senq Hospital330 words
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Advertisement188 2010-11-11 8 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 —t Los Angeles *3828 Europe Bangkok Athens, Copenhagen, Frankfurt, London, Madrid, Milan, Moscow Munich,188 words
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Advertisement521 2010-11-11 9 W'SjV ■fi 3<« Wife V J Discover extraordinary opportunities every day of your life. 26°N Manama, Bahrain S$400 worth of shopping vouchers or a host of attractive gifts, redeemable with 64,000 Rewards points 11 can be yours when you join HSBC Premier today! As an HSBC Premier customer, you can521 words
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Advertisement351 2010-11-11 10 irra laaii li mM^« f*yi ••■•5 BPnirt<nB ir< HWaaM arM>« Wtlc P' j tC±2 i inij ip«»' f |Li^# fifflpCTTn^iN M II jj ■_D*" 'Millt^U [gj> ir> V|nSCr r\ mm ,,•■>» ;N tfckj sffar" .1 'ISmI'- .J HBa H^QBfiU a aa* BS 4^E^flH a B **Bat av *^Si»' a> <351 words
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SINGAPORE MARKETS
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Article, Illustration604 2010-11-11 11 R SIVANITHY - Index stocks that contribute the most to the STI’s weakness include Wilmar, SingTel and Genting Singapore STOCKS R SIVANITHY Senior Correspondent AFTERrising73points in the first two days of this week, the Straits Times Index yesterday dropped 24.37 points to 3,289.24, which at theSource: Bloomberg - 604 words
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Article66 2010-11-11 11 Nov 10 VALUE CLOSE BT OB/OS 295.00 +74.00 BT CADI -*****.00 -69.00 BT 10-day MA -*****.00 +30.00 FTSE ST Mid Cap 820.98 -2.50 FTSE ST Small Cap 595.04 -3.69 FTSE ST All Share 813.55 -5.41 FTSE ST China Top 304.31 -5.15 FTSE ST China 340.11 -10.03 FTSE66 words
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Article59 2010-11-11 11 VOLUME Genting SP 288,959,000 Nordic 252,798,000 TopGlobal 152,618,000 *Genting HK US$ 132,191,000 TopGlobal W*****9 124,874,000 Golden Agri 62,497,000 Noble Grp 53,687,000 UniFiber 52,799,000 ChinaGaoxian 42,906,000 Wilmar 37,342,000 VALUE($) Genting SP 657,998,830 Wilmar 244,152,158 Noble Grp 116,685,880 Keppel Corp 98,665,551 SingTel 86,499,240 *Genting HK US$ 85,406,048 Nordic 72,985,72059 words
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Article186 2010-11-11 11 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 5 5 0 0 0 8 5 5 Manufacturing 45 61 81 4 3 15 49 64 96 Commerce 17 15 29 2 5 6 19 20 35 Tpt/Stor/Comms 7 22 14186 words
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BROKERS’ TAKE
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Article332 2010-11-11 11 Nov 10 close: $2.17 PHILLIP SECURITIES RESEARCH, Nov 10 NINE-MONTH 2010 (9M 2010) and Q3 FY2010 revenue increased by 82 per cent and 79 per cent year-on-year (y-o-y) to US$39.3 billion and US$14.9 billion respectively. The increase in revenue was generally due to: 1) higher commodity prices and332 words
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Article233 2010-11-11 11 JAMIE LEE - Compiled by JAMIE LEE KIM ENG RESEARCH, Nov 10 WE noted strong growth in distribution per unit (DPU) both on a yearly and sequential basis, particularly for the hospitality Reits. These are also some of the Reits that have taken advantage of the low interest rates to make233 words
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Article121 2010-11-11 11 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 35,382 35,382 142,250 142,250 Manufacturing 442,069 12,185 454,254 508,052 1,314 509,366 Commerce 109,541 15,733 125,274 198,179 1,969 200,148 Tpt/Stor/Comms 148,729 330 149,059 247,362 49 247,411 Finance 25,295 25,295 209,768 209,768 Construction 95,301 200,143 295,444 16,904121 words
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Article111 2010-11-11 11 Stock name Close Change CapMallsAsia 2.160 -0.020 CapitaLand 3.900 -0.040 CapitaMall 2.000 CityDev 13.480 +0.180 ComfortDelGro 1.470 -0.020 DBS Grp 14.100 -0.020 F&N 6.660 -0.140 Genting SP 2.280 -0.070 Golden Agri 0.750 -0.020 HK Land 6.930 -0.180 JMH 49.560 +1.460 JSH 28.480 +0.580 Jardine C&C 38.320111 words
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502 2010-11-11 11 CURRENCIES Reuters [LONDON] The euro slipped against the dollar yesterday, dragged lower by its losses versus sterling, which rallied after the Bank of England said inflation pressures would pick up further in the near term. The dollar rose broadly, hitting a one-month highReuters - 502 words
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Article111 2010-11-11 11 BY CENTS CLOSE UP JMH 4956 187.9 3.0 JSH 2848 74.7 2.1 STXPO 100 1600 68.0 4.4 CityDev.ES.1011 1360 64.0 4.9 DBXT MSTaiwan 10US$ 1846 57.9 2.5 Lyxor MS India 10US$ 1904 57.9 2.4 DBXT Nifty 10US$ ***** 38.6 0.2 DBXT iBoxxUSTr 5US$ ***** 38.6 0.2 Lyxor Apex50 10US$111 words
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Article119 2010-11-11 11 BY CENTS CLOSE DOWN DBXT AUD Bonds 5AU$ ***** -76.3 -0.4 Jardine C&C 3832 -48.0 -1.2 Wilmar 651 -37.0 -5.4 DBXT FTChina25 10US$ 3435 -36.0 -0.8 DBXT MSCHINA 10US$ 1352 -36.0 -2.0 DBXT SPASX200 10US$ 3383 -36.0 -0.8 Wilmar.ES.1011 653 -30.0 -4.4 Pru 500US$ 1008 -25.7 -1.9 HK Land119 words
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Advertisement26 2010-11-11 11 INSTRUMENTS FOR PROFESSIONALS" TEL. +65 6732 6347 WWW.BREITLING.COM r Ai. I r a IN Ml r ,i -> "■*5: 'Tl III* PU RE BREITLING The Blackbird S$11,342.00*26 words
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SINGAPORE NEWS
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482 2010-11-11 12 RONNIE LIM - Move comes as refineries continue to grapple with challenging market By RONNIE LIM OIL giants PetroChina and Chevron equal joint owners of Singapore Refining Company (SRC) have decided to defer their US$300-400 million upgrading investment to build a “green” gasoline and in-house cogeneration482 words
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Article, Illustration497 2010-11-11 12 CHEN HUIFEN - 41% need more funds, up from 30% last year: survey By CHEN HUIFEN IN TANDEM with the strong economic rebound experienced in the first half of this year, small businesses in Singapore are the most bullish on growth prospects compared with theirSource: The CPA Australia Asia-Pacific small business survey 2010 - 497 words
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371 2010-11-11 12 KAREN NG - By KAREN NG ASIAN chief executive officers are still the most confident worldwide, according to the latest YPO Global Pulse economic sentiment survey. The quarterly survey, conducted in the first two weeks of October, compiled answers from 2,074 CEOs worldwide, 226 of whom were371 words
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265 2010-11-11 12 FREQUENT shoppers at NTUC FairPrice would be chuffed with OCBC Bank’s new card offering. Users of the enhanced Plus! Visa credit and debit cards will enjoy 8 per cent discounts off NTUC FairPrice house-brand items and receive 1.33 per cent of the total265 words
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185 2010-11-11 12 IN the spirit of giving back to the community, Insead will provide 10 executive education scholarships worth more than $290,000. The scholarships are intended for the non-profit and non-government sectors. A memorandum of understanding was signed yesterday between Insead, the Agency for185 words
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277 2010-11-11 12 SIOW LI SEN - Even construction is better paymaster in booming economy By SIOW SIOW LI SEN THE cash flow of local firms continues to improve and even construction companies, typically the worst when it comes to prompt payment, are becoming better paymasters because of277 words
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293 2010-11-11 12 JTC Corporation has awarded PM Group, an international engineering, architecture and project management firm, the contract for the second phase of its biopharmaceutical land use study. The contract follows an earlier deal last year when PM Group, which293 words
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275 2010-11-11 12 THE Interpol General Assembly has voted unanimously to establish the Interpol Global Complex (IGC) in Singapore. The agreement for the complex was signed on Tuesday between Minister for Law and Home Affairs K Shanmugam and Interpol secretary-general Ronald K Noble. A press275 words
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Page 12 Miscellaneous
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Miscellaneous25 2010-11-11 12 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 SINGAPORE25 words
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Advertisement286 2010-11-11 13 make, believe Windows®. Life without Walls™. Sony recommends Windows 7. Your PC, simplified Windows 7 WITH t > a r i ■w am v.. Vj. .j; guuiftUR B> .i: 53 PW 9L '.v- 1 i SON Free TaylorMade gift set and Orchid Country Club golfer voucher* worth $244 with purchase286 words
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SINGAPORE INTERNATIONAL
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Article738 2010-11-11 14 CHUANG PECK MING - More and more Singapore companies are establishing a presence in China’s biggest city, reports CHUANG PECK MING CHUANG PECK MING SHANGHAI, with a population of 18.8 million people, is China’s biggest city and the world’s most populous “city proper”. And with more than 7,000 Singaporeans738 words
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Article247 2010-11-11 14 Name: Ching Mia Kuang Designation: Managing Partner Company: SBA Stone Forest Corporate Advisory (Shanghai) Co, Ltd QUESTION: What are some of the changes in regulations which Singapore companies should take note of in China? ANSWER: One issue to note would be taxation. With the revised 2008247 words
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155 2010-11-11 14 CHUANG PECK MING - By CHUANG PECK MING TAP on the China-Singapore Free Trade Agreement (CSFTA) to potentially enjoy tariff savings of between one per cent and 35 per cent if you meet the rules of origin. The CSFTA covers areas ranging from trade in goods to technical155 words
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Article, Illustration473 2010-11-11 14 CHUANG PECK MING - By CHUANG PECK MING AFTER 15 years in Shanghai, Singapore logistics company YCH is still excited about doing business in China’s biggest city. “Shanghai, as our key eastern gateway in China, is significant not only as a regional hub for us, but473 words
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439 2010-11-11 14 CHUANG PECK MING - By CHUANG PECK MING ASCENDAS has had a presence in Shanghai for six years. It first bought into China’s most populous city when it acquired a 30-sto-rey office building there in 2004. This building, Ascendas Plaza, includes a five-storey retail podium of439 words
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339 2010-11-11 14 CHUANG PECK MING - By CHUANG PECK MING SHANGHAI is such a big and vibrant city that M)phosis, which prides itself as “the leading local (fashion) label in Singapore”, has to be there. “We have to face the challenges and rise to the occasion,” says M)phosis managing director339 words
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Advertisement240 2010-11-11 14 International Business Fellowship Executive Programme on the Middle East International Enterprise (IE) Singapore would like to invite you to attend the Executive Programme on the Middle East under our International Business Fellowship (iBF) programme. To be conducted in Doha (Qatar), and Abu Dhabi (United Arab Emirates), the 7-day programme is240 words
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Advertisement18 2010-11-11 14 Singapore International This is part of a series brought to you by IE Singapore and The Business Times18 words
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Advertisement922 2010-11-11 15 DBS offers Preference Shares Offer of up to S$500,000,000 in aggregate liquidation preference of 4.70 per cent. Non-cumulative Non-convertible Non-voting Preference Shares Callable in 2020 ("Preference Shares") (subject to the Upsize Option) (as defined below), to be issued by DBS Bank Ltd. at the issue price of S$100 per Preference922 words
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ECONOMY WATCH
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Article, Illustration266 2010-11-11 16 Bloomberg [TOKYO] Japanese household sentiment slid to a sev-en-month low in October, adding to signs that the country’s economic recovery is losing steam. The confidence index dropped to 40.9 from 41.2 in September, matching a level set in March, the Cabinet Office said inBloomberg; PHOTO: AP - 266 words
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489 2010-11-11 16 Exports increase 23% to US$136b while imports rise 25.3% to US$109b AFP Reuters [BEIJING] China’s trade surplus grew in October as both exports and imports rose on year, the government said yesterday, adding to pressure on Beijing ahead of the Group ofAFP; Reuters - 489 words
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365 2010-11-11 16 Reuters [SYDNEY] A key measure of Australian consumer confidence suffered a sizeable fall in November as a result of a surprise rise in official interest rates, and an even bigger increase in mortgage rates. The survey of 1,200 people by Westpac Bank andReuters - 365 words
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Advertisement1177 2010-11-11 16 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of T T J Holdings Limited will be held at 8 Wilkie Road, #03-08, Wilkie Edge, Singapore *****5 on 30 November 2010 at 2.30 p.m. for the following purposes: AS ORDINARY BUSINESS 1. To receive and1,177 words
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Advertisement259 2010-11-11 16 1 QS FIND THE ONES THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email x recruit@sph.com.sg j to advertise. 1 u 3 rami m I > w CHARITY FUN RUN IN THE CBD Promoting organisations with a heart Friday, 12 November 2010 4.30pm The259 words
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MALAYSIA/INDONESIA
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Article, Illustration663 2010-11-11 17 S JAYASANKARAN - By in Kuala S JAYASANKARAN TYCOON Ananda Krishnan has asked the Malaysian Chinese Association (MCA) to consider bidding for the gaming business of Tanjong plc, a power and entertainment conglomerate that he controls. Officials familiar with the matter said that both MCATHE STAR - 663 words
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245 2010-11-11 17 Reuters [JAKARTA] Indonesia’s central bank said yesterday it would suspend regular auctions of its three-month SBI (Bank Indonesia certificates) debt, a move aimed at pushing capital inflows towards longer-dated investments. The bank also dropped its one-month syariah SBI, replacing it with a six-month tenor. Indonesia,Reuters - 245 words
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Article, Illustration510 2010-11-11 17 PAULINE NG - Investors appear to concur with YTL management ahead of launch next week By PAULINE NG COULD telecommunications, more specifically 4G, turn out to be the next huge profit spinner for Malaysia’s YTL group? Its management has said that it would. Investors appear510 words
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Advertisement179 2010-11-11 17 "We can't turn back time, but we can better conceive the future." Yue Zhang, Architect, Beijing, China; Winner of the Global Holcim Awards Bronze 2009. Develop new perspectives for our future: 3rd International Holcim Awards competition for projects in sustainable construction. Prize money total USD 2 million. www.holcimawards.org fB0 In179 words
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Advertisement138 2010-11-11 17 Fly Business Class, and experience 5-Star MH at exceptional value. a v k m i V 90 FROM SINGAPORE All-inclusive fares CHINA Shanghai Beijing NORTH ASIA Taipei Seoul Tokyo Osaka SOUTH ASIA New Delhi Bombay Chennai AUSTRALIA NEW ZEALAND Melbourne Adeleide Brisbane Sydney Auckland EUROPE Rome Frankfurt Paris Amsterdam London*138 words
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Advertisement3503 2010-11-11 18/19 ADVERTORIAL THE WSQ JOURNEY Making significant inroads since 2003 Nine out of 10 employers believe that the WSQ training greatly enhances employee performance The WSQ has yielded results so quickly because its starting point is a worker’s competence, not his or her academic qualifications it trains you to do work,3,503 words
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GREATER CHINA
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681 2010-11-11 20 Move fuels belief it may tighten money further to cool asset markets Reuters [BEIJING] China has increased required reserves for its biggest banks to mop up some of the cash that is streaming into the country and posing a growing inflationary threat. Although ChineseReuters - 681 words
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Article, Illustration455 2010-11-11 20 He also warns of wave of money sweeping globe AFP [BEIJING] British Prime Minister David Cameron yesterday urged China to work closely with the Group of 20 (G-20) and introduce greater political freedom. Speaking on the final day of a trade mission shadowedAFP; AP - 455 words
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329 2010-11-11 20 AFP [HONG KONG] Hong Kong yesterday set the city’s first minimum wage at US$3.60 an hour, prompting anger from labour groups which criticised it as too low to make ends meet in the glitzy financial hub. The government is aiming toAFP - 329 words
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Page 20 Advertisements
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Advertisement172 2010-11-11 20 Every Success Needs A Catalyst, Accelerate your career with a CPA Singapore. Lim Kexin Certified Public Accountant Singapore Senior Tax Consultant, PricewaterhouseCoopers World Bank Emerging Youth Leader Council Member of National Youth Council SMU's First Female Valedictorian Mentor with Financial Women's Association (Singapore) 4 J fit rr m C v172 words
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INDIA
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467 2010-11-11 21 AFP [ISLAMABAD] The symbolism, trade deals and fine words of Barack Obama’s courtship of India should be Pakistan’s wake-up call to fix its economy and eradicate Islamist militancy to ward off isolation, analysts say. The US president declared India a world power, theAFP - 467 words
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Article218 2010-11-11 21 AP [MUMBAI] Tata Motors’ consolidated profits surged on robust global demand for Jaguar and Land Rover as the once-troubled luxury brands enjoyed their fourth straight quarter of profitability, despite supply constraints and rising commodity prices, the company said on Tuesday. Consolidated net profit for the June-SeptemberAP - 218 words
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536 2010-11-11 21 Company wants to increase sales in emerging markets and Asia, says CEO Reuters [SEOUL] Infosys Technologies Ltd is eyeing acquisitions in Japan as India’s second-largest outsourcer looks for growth outside its main markets in the United States and Europe. The company could use as muchReuters - 536 words
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Page 21 Advertisements
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Advertisement328 2010-11-11 21 NEL GROUP LTD. (the “Company”) (Registration No.*****2443R) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of NEL Group Ltd. (the “Company”) will be held at 1 Kaki Bukit Road 1, #02-44 Enterprise One, Singapore *****4 on 26 November328 words
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Advertisement94 2010-11-11 21 "Whether acquiring a yacht or a luxury home, investing in art or supporting a good cause... each of my clients has a specific project that is close to their heart. To help them achieve their goals, we apply our wide range of expertise. From advising to financing, our services are94 words
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WORLD
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554 2010-11-11 22 Exports rise for 3rd straight month on weak dollar; near record imports from China LATEST US DATA Reuters Bloomberg [WASHINGTON] The US trade deficit narrowed more than expected in September, despite near record imports from China, as a weak dollar helped American exports growReuters; Bloomberg - 554 words
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Article, Illustration519 2010-11-11 22 Reuters [BERLIN] Germany’s undiplomatic outbursts against US policy, calling it “clueless” before a G-20 summit, show growing estrangement on economics as America’s focus shifts away from transatlantic ties to domestic challenges and Asia. “The Atlantic is getting wider,” said Anton Boerner, headReuters; REUTERS - 519 words
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473 2010-11-11 22 Not a fluke China given bigger say at IMF, says Jim O’Neill Bloomberg [NEW YORK] China is accelerating the yuan’s appreciation as part of the “grand bargain” to win US support for Beijing to gain a bigger say at the International Monetary Fund,Bloomberg - 473 words
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288 2010-11-11 22 AP [SEOUL] US President Barack Obama says a strong, job-creating economy in the United States would be the country’s most important contribution to a global recovery. Mr Obama made the comments in a letter to G-20 leaders, who were meeting yesterday in Seoul.AP - 288 words
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Article, Illustration715 2010-11-11 23 ANTHONY ROWLEY - PM Kan’s hopes of launching Apec on path to integration suffer setback By ANTHONY ROWLEY JAPAN’S hopes of launching Apec on a path toward closer economic integration looks precarious in the face of strong domestic opposition. This became clear yesterday when thousands ofREUTERS - 715 words
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578 2010-11-11 23 He says they stole US$7m; they say he owes them US$12m AP [NEW YORK] It involves royalty, loyalty, big money, supposedly illicit transactions and sexually explicit statues. In other words, it’s not your average lawsuit. Brunei’s notorious “Playboy Prince” Jefri Bolkiah looked onAP - 578 words
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Page 22 Advertisements
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Advertisement110 2010-11-11 22 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY hill is I I ■■i 1.1* What makes Dempsey a hit with Indians? MARY, MARY, QUITE CONTRARY GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST) *****38 ARMENIAN 55 liii My OFFICE My HOME Conserved Shophouses In Historic Location With 6-Storey110 words
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Page 23 Advertisements
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Advertisement308 2010-11-11 23 An Investment Opportunity That's Off To A Flying Start II 5|. SSnU b l'I s P/J» CROWN RESIDENCE m 9 .e 1 v v j V > SsSslsSI^ ,JI tig m r m. 9> MS U| ||l m Nb, aa -j-..-5*- -5epti ■ni II i nj-ifi'riiim^ WW iMyUflK ft j308 words
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EDITORIAL & OPINION
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Article, Illustration1085 2010-11-11 24 JOERGEN OERSTROEM MOELLER - Limited alternatives for international reserve currency as US policy depreciates the dollar By JOERGEN OERSTROEM MOELLER The writer is visiting senior research fellow at the Institute of Southeast Asian Studies, Singapore. He is also adjunct professor at the Singapore Management University and theBLOOMBERG - 1,085 words
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855 2010-11-11 24 LAURENCE KOTLIKOFF - THE BOTTOM LINE By LAURENCE KOTLIKOFF The writer is professor of economics at Boston University, president of Economic Security Planning Inc and author of ‘Jimmy Stewart Is Dead’ PRESIDENT Barack Obama arrived in Seoul yesterday for the G-20 Summit with a855 words
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Article519 2010-11-11 24 EDITORIAL THE latest move by the US to buy back its own bonds effectively printing US$600 billion over the next 6-7 months has buoyed stock markets in Asia as well as most other risk assets including gold and real estate. Even as Asian governments brace for the519 words
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Article, Illustration1050 2010-11-11 25 ANTHONY ROWLEY - The arguments of critics against some form of modified gold standard do not stand up to scrutiny ANTHONY ROWLEY Tokyo Correspondent MORE surprising even than the suggestion this week by no less eminent a personage than World Bank president Robert Zoellick that the worldAFP - 1,050 words
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Article, Illustration1124 2010-11-11 25 YOGI AGGARWAL - YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT BARACK and Michelle Obama came to India, they charmed, but did not quite conquer. Nevertheless, they were watched by hundreds of millions of Indians in near-saturation TV coverage. AndREUTERS - 1,124 words
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AVIATION/SHIPPING
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Article, Illustration708 2010-11-11 26 Tugboats pulling Carnival Splendor towards San Diego AP [SAN DIEGO] The nearly 4,500 passengers and crew of the Carnival Splendor have no air conditioning or hot water. Running low on food, they have to eat canned crab meat and Spam dropped inAP - 708 words
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Article3205 2010-11-11 26 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 KU6458 1425 SQ458 1425 EY473 1940 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 MU8213 1830 QF81 1830 Amsterdam LO4031 0605 KL836 0115 SQ3233,205 words
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Article281 2010-11-11 26 SGX '000 Nov 10 S$ +/-Vol CH Offshore 0.53 0.01 1416 Chuan Hup Hldg 0.23 -0.01 178 Cosco Corp 2.13 -0.03 ***** CWT Ltd 0.98 -0.01 1001 Ezra Hldgs 1.81 -0.01 3574 First Ship Lea 0.45 unch 335 Freight Links 0.09 -0.01 ***** Grand Banks unch unch 0281 words
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400 2010-11-11 26 Smoke detected in main cabin; incident may worsen plane’s development delay AP [DALLAS] A Boeing B787 jetliner on a test flight over Texas made an emergency landing on Tuesday after smoke was detected in the main cabin, the latest setback in developmentAP - 400 words
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448 2010-11-11 26 Bloomberg [WASHINGTON] US airlines cancelled 4,754 flights in September, a 62 per cent jump from the same month a year ago, as the government requires carriers to let passengers off stuck flights within three hours. The cancellation rate, rising to 0.9Bloomberg - 448 words
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6923 2010-11-11 27 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.6,923 words
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Page 26 Miscellaneous
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Miscellaneous325 2010-11-11 26 CRYPTIC CROSSWORD Across 1 Provision for good health a province put into place (10) 6 Front line of the theatre behind piano (4) 9 Nice female copper attending FA Cup match? (5) 10 Once again choose harvest time (9) 12 Detainee held by ship-owner briefly (8,2,3) 14 Beloved listener finished325 words
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Page 27 Advertisements
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Advertisement27 2010-11-11 27 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, Illustration495 2010-11-11 28 The bandits are also taking greater risks and seeking bigger ransoms AFP [NEW YORK] Somali pirates are becoming more brazen and keeping ahead of the international naval force seeking to end their high seas marauding, a top UN official said onAFP; AP - 495 words
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199 2010-11-11 28 Reuters [GUANGZHOU, China] USlisted shipowner Seaspan Corp expects next year to be less profitable for container ship operators, but 2013/14 will be better with fewer new ships coming on stream and as the global economy recovers, its chief executive said on Tuesday. Gerry Wang saidReuters - 199 words
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367 2010-11-11 28 It will be focal point of shipping sector, say maritime execs Reuters [GUANGZHOU, China] In-tra-Asia trade will be the linchpin for the global shipping industry in the near term as the West slowly recovers from the financial crisis, senior maritime executives said on Tuesday.Reuters - 367 words
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254 2010-11-11 28 Buyers include Abu Dhabi Investment Authority, which holds 19% stake Bloomberg [SYDNEY] Queensland agreed to sell the Port of Brisbane to a group including Global Infrastructure Partners and Abu Dhabi Investment Authority, raising A$2.1 billion (S$2.7 billion) in cash to replace income lostBloomberg - 254 words
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229 2010-11-11 28 Reuters [GUANGZHOU] Chinese ports are struggling with overcapacity as global demand has failed to keep pace with years of rapid facilities expansion, said Su Xingang, vice-president and chief economist of port operator China Merchants Holdings. China has six of the 10 biggestReuters - 229 words
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Page 28 Advertisements
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Advertisement29 2010-11-11 28 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 1327 SHIPPING TIMES29 words
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Advertisement15 2010-11-11 28 Experienced Sh/p 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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Article9073 2010-11-11 29 Transaction date: Nov 10 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 17.5 -0.5 55 18 17.5 18 18.5 1.7 10.3 5.6 83.8 12 5 58349,073 words
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Article1696 2010-11-11 30 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 25 4.3 225 130 6222 t APStrategic 164 157 160 97.3 4 0.51,696 words
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Article9432 2010-11-11 30 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.32/ APS Alpha Fund (USD)!** 1.03/ 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 WM9,432 words
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Article866 2010-11-11 30 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 118 +3.8 20 118 113.7 114 120 538.6 1056 761 CIMBAsean40 100US$ US1056 +6 60 1056 1056866 words
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Article258 2010-11-11 30 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 $mil 56 38 6000 AVJennings A50 -2 2 50 50 51 54.5 3.6 7 4 130.2 55 16 6017 Genting HK US$ US50 -1.5 *****1 52258 words
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FINANCE & COMMODITIES
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374 2010-11-11 31 In local curr In S$ In US$ dy yr dy yr dy yr Nov 9 Index Change Change Change Change Change Change World Index Preliminary 879.5 0.0 5.6 -0.2 -1.2 0.1 8.1 EAFE Preliminary 795.0 0.2 1.3 0.1 -3.3 0.4 5.7 Europe Preliminary 1176.1 0.6374 words
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Article178 2010-11-11 31 Nov 10 $S Offer Bid 0vernight 0.06 0.03 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 1/8 US$ Offer Bid 7 days 0.35 0.25 1 month 0.37 0.27 2 months 0.42 0.32 3 months 0.45 0.35 6 months 0.55 0.45 9 months 0.75 0.55 12178 words
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Article22 2010-11-11 31 Nov 10 S$ Bid Offer 1-month 1.2871 1.2882 2-months 1.2870 1.2881 3-months 1.2870 1.2882 6-months 1.2872 1.2884 Source: OCBC22 words
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Article121 2010-11-11 31 Nov 10 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.337 1.262 Can dollar 1.305 1.255 Euro 1.806 1.737 Sterling pound 2.101 2.021 NZ dollar 1.029 0.98 US dollar 1.31 1.26 Local dollars to 100 units of foreign121 words
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Article27 2010-11-11 31 Nov 10 Open High Sett STI Nov 3285 SIMSCI Nov 390.6 392.0 387.5 Taiwan Nov 300.0 301.2 301.0 Source: MF Global (S) Pte. Ltd27 words
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Article66 2010-11-11 31 Nov 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 10 3350 3384 3384 3350 180 1620 Dec 10 3399 3396 3399 3352 1802 5614 Jan 11 3410 3393 3410 3344 ***** ***** Feb 11 3402 339166 words
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Article427 2010-11-11 31 Nov 10 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6700 0 9963 Mar11 99.5850 0 2313 Jun11 99.4950 0 2854 Sep11 99.4050 0 2056 EUROYEN TIBOR FUTURES Dec10 99.6700 99.6700 99.6700 99.6700 0 3248 Mar11 99.6675 99.6675 99.6675 99.6750 1 1549 Jun11 99.6700 99.6750 99.6700427 words
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Article148 2010-11-11 31 Nov 10 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 10 447.0 440.0 447.0 16 Jan 11 448.0 441.0 448.0 110 Feb 11 444.0 441.0 448.0 98 Mar 11 442.5 441.5 449.0 76 Apr 11 449.5 May 11148 words
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Article88 2010-11-11 31 Nov 10 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 10.02.2011 0.29 1-Year BY*****N 01.11.2011 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.94 104.00 103.94 5-Year N*****0S 2.875 01.07.2015 109.17 109.20 109.1588 words
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Article105 2010-11-11 31 Nov 9 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 10 1319.25 1264.50 1335.00 1262.00 Jan 11 1329.00 1274.75 1344.75 1269.50 Mar 11 1338.00 1283.25 1353.25 1278.00 May 11 1338.75 1286.50 1356.00 1281.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 10 53.40 52.01 54.21105 words
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Article77 2010-11-11 31 CRUDE OIL PRODUCTS Nov 9 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 88.81 0.85 WTI (Near Mth) 86.59 -0.43 Dubai (1-Mth F) 85.88 0.87 Tapis blend 92.45 0.95 Minas 88.05 0.95 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 86.67 0.12 Jet Kerosene 100.10 0.55 US$/barrel Opec Oil77 words
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2403 2010-11-11 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2.5 unch 307 1 3 -8 2.40 1 6221 Asia-Pacific Strategic W*****6 39 1 150 15 4.21 42 6227 ASJ Hldgs W*****1 3.5 1 42,403 words
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Article464 2010-11-11 31 Nov 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.008 6.664 0.729 7.786 44.570 89.406 0.822 11.155 3.105 1.288 85.765 43.608 1.293 6.895 0.976 30.313 29.717 0.628 1.004 Canada 0.992 6.609464 words
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Article85 2010-11-11 31 Nov 10 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-11-11 31 Nov 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2925 1.2943 1.0042 1.0047 Canadian dollar 1.2816 1.2837 0.9957 0.9965 Euro 1.7738 1.7755 1.3781 1.3783 NZ dollar 1.0033 1.0049 0.7795 0.7801 Sterling pound 2.0582 2.0603 1.5991 1.5994154 words
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Article138 2010-11-11 31 GOLD (US$/oz) Nov 09 Nov 10 Hong Kong 1409.00 1408.50 Nov 08 Nov 09 London 1393.84 1416.05 1394.61 1417.05 Source: Thomson Reuters CAST BAR Nov 10 (S$) Selling Buying Kilobar 62,175.56 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 139 58 5gm 395 290 10gm 706 580 20gm138 words
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Article73 2010-11-11 31 Nov 9 Nov 9 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2442.75 2404.00 3 months 2469.00 2430.00 Copper, Grade A (US$/tonne) Cash 8864.00 8665.00 3 months 8858.00 8660.00 Lead (US$/tonne) Cash 2586.00 2482.50 3 months 2609.00 2505.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)73 words
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Article82 2010-11-11 31 Nov 9 COCOA (£/tonne) Close Prev High/Low Dec 10 1873 1829 1875/1829 Mar 11 1899 1857 1901/1858 May 11 1916 1875 1915/1879 Jul 11 1935 1893 1936/1902 COFFEE (US$/tonne) Close Prev High/Low Nov 10 2056 2036 2092/2051 Jan 11 2060 2046 2098/2047 Mar 11 2052 2028 2084/2031 May 1182 words
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BizIT
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Article, Illustration806 2010-11-11 32 VICTORIA HO - By VICTORIA HO Singapore Airport Terminal Services talks about IT agility, and why the company is with the cloud for the long haul. By VICTORIA HO ‘IDON’T see us going back to an onpremise option,” said Lee Siew Kit, IT services assistant VPSATS - 806 words
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621 2010-11-11 32 RAJU CHELLAM - By RAJU CHELLAM AS MORE businesses seek to move more of their apps on a cloud computing platform, concerns about data security and integrity on the cloud are taking centre stage. Security issues are of particular concern to SMBs (small and medium-sized621 words
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Article, Illustration826 2010-11-11 32 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY A SURVEY conducted by IT research house AMI Partners, in collaboration with Canon, showed that Singapore companies are only moderately satisfied with their operations. As a result, the companies will continue to push to reach their ambitions826 words
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Page 32 Advertisements
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Advertisement238 2010-11-11 32 Display for the Professionals ViewSonic 8 FREE ViewSonic 10" Digital Photo Frame (worth $269) Vibrant color with 6-segment color wheel High dynamic contrast Comprehensive input/output connectivity Ultra-short throw distance" Long lamp life up to 6000 hours High Brightness PJD6251 3700 ANSI Lumens, XGA HDMI Connectivity 51,499 Ultra-Short Throw PJD6381 3000238 words
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PROPERTY
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321 2010-11-11 33 Development activity fell for a third consecutive month in October Reuters [LONDON] Development activity in Britain’s ailing commercial real estate sector is set for a further three months of declines, as austerity measures in the public sector lead to a bleak industry outlook,Reuters - 321 words
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1465 2010-11-11 33 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED One Shenton Apt 13/10/2010 99 614 1255 2044 People's Park Cplx Apt 15/10/20101,465 words
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Article, Illustration380 2010-11-11 33 Reuters [LONDON] The UK arm of ING Real Estate sees greater uncertainty in the UK commercial property market, with concerns over economic stimulus and austerity measures making shortterm investment decisions difficult. “Market pricing is being heavily distorted by artificial stimulus so itReuters; BLOOMBERG - 380 words
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281 2010-11-11 33 Bloomberg [NEW YORK] A fund sponsored by CB Richard Ellis Group Inc (CBRE) sold a 49 per cent stake in 1540 Broadway, a tower in Manhattan’s Times Square, to HSBC Alternative Investments Ltd and Edge Fund Advisers as New York propertyBloomberg - 281 words
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374 2010-11-11 34 KAREN NG - Tokyo is most expensive, followed by HK, Colliers survey shows By KAREN NG SINGAPORE has been found by Colliers to be the third most expensive office location in the Asia-Pacific region for a fifth straight quarter. The two dearest locations were Tokyo374 words
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Article, Illustration309 2010-11-11 34 KALPANA RASHIWALA - By KALPANA RASHIWALA SHAW Brothers Limited has decided to sell the former Singapura Theatre site at No 55 Changi Road to a consortium for $44.9 million. The consortium is said to include Roxy-Pacific Holdings and Macly Capital. The price they are paying for theKNIGHT FRANK - 309 words
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Article, Illustration224 2010-11-11 34 NISHA RAMCHANDANI - By NISHA RAMCHANDANI HOTEL management company StayWell Hospitality Group (SWHG) will launch its flagship Park Regis here next week its first property in South-east Asia. The four-star, 203-room Park Regis, in Merchant Road, opens officially on Nov 16. “Our focus at Park224 words
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371 2010-11-11 34 Bloomberg [SYDNEY] Australian home loan approvals climbed in September, capping the strongest quarter since the first three months of 2009, before the central bank resumed raising interest rates to control inflation. The number of loans granted to build or buy houses andBloomberg - 371 words
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180 2010-11-11 34 Bloomberg [SYDNEY] Sydney’s home price gains may slow after rising 13 per cent above their 2004 peak, according to real estate researcher RP Data. Prices in Australia’s biggest city have risen an average 9.1 per cent in the 12 months endedBloomberg - 180 words
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Article, Illustration798 2010-11-11 35 China’s property investment rose 37% to 456b yuan in October Bloomberg [SHANGHAI] China’s property prices rose at the slowest pace in 10 months in October after the government raised interest rates and expanded measures to limit the risk of assetBloomberg; REUTERS - 798 words
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280 2010-11-11 35 Reuters [HONG KONG] Kuwait Finance House, the country’s biggest Islamic lender, is looking for real estate investments in southern China and Europe to expand its assets under management, a senior official said yesterday. Kuwait Finance House has US$1.5 billion in assets under managementReuters - 280 words
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431 2010-11-11 35 KAREN NG - By KAREN NG IN yet another buoyant quarter, United Engineers (UE) saw its third-quarter net profit surge to $34.5 million close to triple the $12.7 million for the year-ago comparative period. The three months ended Sept 30 registered a 40 per cent jump431 words
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Page 33 Advertisements
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Advertisement49 2010-11-11 33 1 Get The Savills One-stop Advantage i 1111 rrtj Move in the right direction with our Residential Sales, Leasing Property Manageme T Savills has more than 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world. Call 6536 5022 6415 3636. savills savills.com49 words
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Page 34 Advertisements
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Advertisement231 2010-11-11 34 r i j i Rare Investment Opportunity Freehold Industrial Building for Sale Good location with prominent naming rights Convenient to expressways Zoned light industry 8-Storey high GFA in excess of 75,000 sq ft Fully let Daniel 9488 0086 Rena 9066 1722 96 WEST COAST DRIVE SORRENTO, WESTERN AUSTRALIA M i231 words
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Advertisement128 2010-11-11 34 Business Excellence Awards 2010 High performing organisations have used the Business Excellence framework to deliver outstanding results Look out for the supplement on 12 November ffflfti JONES LANG lasalle for sale by TENDER Real value in a changing world 1. Freehold Geylang Building ft f RENT F OK Comprises 5128 words
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Advertisement68 2010-11-11 34 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 Road68 words
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Page 35 Advertisements
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Advertisement289 2010-11-11 35 F&B OUTLET FOR RENT Location: Prominent frontage on main road junction off Aljunied Road/Sims Ave Grd Fir staff canteen with extg grease traps exhaust system; 1 Large customer base from neighbouring bidgs and residential estates; Opposite Aljunied MRT station. Interested please call: 9631 4060 Fansida Properties Pte Ltd Collective Sale289 words
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Advertisement93 2010-11-11 35 DIOGCBfor Sale Land: *****sf, *****sf *****sf D21 Bungalow for Sale: Land *****sf, *****sf& lOOOOsf (brand new) Penthouse for sale: Marina Bay Residences 3,900sf OrangeTee.com Pte Ltd rn J m Huttons 1st FREEHOLD 42 Storey Luxury Development In Central Business District 167 residential 3 commercial shops 1 +Study/2Bedrm/Garden Suites/Penthouses Size 484-14193 words
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Advertisement74 2010-11-11 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 For investment report, call Teak Hwa 9858 0900 CARDIFF COURT D19 RESIDENTIAL74 words
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Advertisement316 2010-11-11 35 ENJOY LIFE THE TOP Quillion builds multi-million-dollar investment property portfolios for people who want to invest in their future LUXURIOUS PENTHOUSES St Thomas Suites experience the height of elegance from 33rd fir offering spectacular city sea views. Elegantly designed layout of 7,686sf on one level. Duplex Penthouses of 4,672sf with316 words
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Advertisement936 2010-11-11 36 RED HAT ENTERPRISE LINUX redhat. a DELIVERING PERFORMANCE, SCALABILITY, SECURITY, AND RELIABILITY FOR YOUR BUSINESS Red Hat Enterprise Linux Gives Your Business the Flexibility to Grow from a Single Server through Datacenter to Cloud Red Hat has always made performance a top priority, collaborating with other technology leaders so that936 words
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