The Business Times, 25 November 2010

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Microfilm: NL30955
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, November 25,
    22 words
  • Article
    Lock icon US aircraft carrier heads for S Korea as tensions rise
    777 1  -  By ANTHONY ROWLEY NORTH Korea’s bombardment of a South Korean island on Tuesday triggered military and diplomatic responses yesterday, while markets were volatile in Japan and elsewhere in reaction to an event deep in its regional security implications. A US
    777 words
  • Article, Illustration
    Lock icon Asian companies rewrite a S’pore business story
    769 1  -  The profile of international companies formed in S’pore is changing as Western businesses dither By CHEN HUIFEN [SINGAPORE] The Singapore chapter of the Asia growth story is now rich in the telling, going by the rising portion of Asian companies registered here in
    Source: AAGR  -  769 words
  • Article
    Lock icon MARKETS DIGEST
    147 1 G ST INDEX 3,137.01 (+10.71) G ST INDEX FUTURES 3,137 (+11) G SIMSCI 368.93 (+0.75) G SIMSCI FUTURES 368.80 (+1.30) FOREX US$ S$ US$ (S$ per US$) 1.308 (US$/S$ per 1.583 2.070 EURO (US$/S$/E) 1.341 1.754 Foreign currency per US$ S$ YEN 83.10 63.50 RM 3.130 2.394 HK$
    147 words
  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      50 1 BizIT New trends to boost S’pore data centre plans PAGE 30 PROPERTY Ascott Raffles Place put up for sale PAGE 3 COMPANIES Mewah debuts 10% below issue price PAGE 4 SALARIES Civil servants to get higher bonuses PAGE 2 Few Asian firms fully Asian-owned, Page 8 WEARNES AUTOMOTIVE *****1 *****4
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  • TOP STORIES
    • Article
      Lock icon 2 months of year-end bonus for civil servants
      717 2  -  Total 2010 variable payment to come to 2.5 months plus $300, says PSD By CHUANG PECK MING [SINGAPORE] Civil servants will get higher bonuses this year but ministers and other top government officials will still see no pay adjustments, despite the strong
      717 words
    • Article, Illustration
      Lock icon SAP hit with stunning US$1.3b verdict in Oracle trial
      619 2 AP [SAN FRANCISCO] A federal jury has ordered SAP AG to pay US$1.3 billion to its archenemy, Oracle Corp, for stealing customer-sup-port documents and software in a scheme to siphon off customers. The verdict on Tuesday amounts to more than half
      AP; AP, REUTERS  -  619 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      524 2 Asian companies rewrite a S’pore business story THE Singapore chapter of the Asia growth story is now rich in the telling, going by the rising portion of Asian companies registered here in the last decade. About 51 per cent of the total number of international companies formed in
      524 words
    • Article
      Lock icon Ireland adds up the pain of rescue
      399 2 Bloomberg [DUBLIN] Ireland’s government said that it will cut spending by about a fifth and raise taxes over the next four years as talks on a bailout of the country near conclusion. Welfare cuts of 2.8 billion euros (S$4.9 billion) and income tax
      Bloomberg  -  399 words
    • Article, Illustration
      Lock icon Ascott Raffles Place said to be on the market
      485 3  -  ART has first right to buy property, which could fetch around $250m By KALPANA RASHIWALA [SINGAPORE] The landmark Ascott Raffles Place is being marketed for sale discreetly under an expression of interest exercise. The price tag for the 20-storey building, which
      FILE PHOTO  -  485 words
    • Article, Illustration
      Lock icon UBS: couple took regular gambles on forex trades
      635 3  -  US$52m borrowed from bank in 2008 for this purpose By JOYCE JOYCE HOOI [SINGAPORE] Ng Kok Keong the male half of the couple being sued by the Singapore arm of UBS AG for some $9 million was no ordinary investor, the High
      635 words
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      176 2 A AY. s HIHIs u 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
      176 words
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      34 3 Enamel and lacquer bracelet Wallet in Epsom calfskin and printed silk WINDOW SHOPPING FOR CHRISTMAS Liat Towers Tel. 6738 9807 Takashimaya Tel. 6735 5228 The Shoppes at Marina Bay Sands Tel. 6688 7111 Hermes.com
      34 words
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  • COMPANY NEWS
    • Article
      Lock icon Mewah debuts 10% below issue price
      564 4  -  Brokers blame poor market sentiment, lack of interest in palm oil refiner By FELDA CHAY SHARES of palm oil refiner Mewah International slumped as much as 13.2 per cent yesterday on its trading debut even as the broader market picked up following Tuesday’s fall
      564 words
    • Article, Illustration
      Lock icon Amtek IPO size smaller than expected
      523 4  -  IPOS By JAMIE LEE AMTEK Engineering, which is making a listing comeback three years after it was taken private, has launched an initial public offering that is expected to raise as much as $299 million for its sole shareholder Metcomp Holdings. Amtek was expected
      523 words
    • Article
      Lock icon 2 firms putting Hong Kong IPOs on ice
      554 4 Delay in tapping up to US$2.6b is due to market volatility Bloomberg [HONG KONG] Bluestar Adisseo Nutrition Group and China Datang Corp have delayed initial public offerings in Hong Kong seeking as much as US$2.6 billion because of market volatility, according to
      Bloomberg  -  554 words
    • Article
      Lock icon Be aware that ‘cannot lose’ and ‘must win’ can mean higher risk
      683 4  -  HOCK LOCK SIEW By R SIVANITHY HERE’S an interesting test: Which would you pick a 100 per cent chance of making $3,000 or an 80 per cent chance of making $4,000 that comes with a 20 per cent
      683 words
    • Article
      Lock icon SGX’s lunch crunch packs steadier punch
      483 5  -  TSE cuts lunch break after HK’s decision to extend trading session from March By JAMIE LEE Singapore Exchange’s (SGX) plan to eat into remisiers’ lunch breaks is looking more certain, after competing bourses in the region tweaked their trading hours this week. The Tokyo
      483 words
    • Article, Illustration
      Lock icon AIA man to helm Great Eastern
      263 5  -  By GENEVIEVE CUA GREAT Eastern Holdings has roped in an AIA executive as its new group chief executive, months after its own CEO left to join AIA. In an announcement yesterday, GE Holdings said that it had appointed Christopher Wei as its group CEO.
      263 words
    • Article
      Lock icon LMA 10% buy-back at $0.36 a share
      470 5  -  By NISHA RAMCHANDANI MEDICAL equipment maker LMA International has set aside up to US$14 million for a share buy-back through which it aims to acquire up to 10 per cent of each shareholder’s stake for $0.36 a share. And the group plans to
      470 words
    • Article
      Lock icon Tenants at Martin No. 38 unveiled
      251 5  -  By LINETTE LIM SC Global Developments said yesterday the commercial space at its Martin No. 38 project will open early next year. The luxury developer has billed Martin No. 38 as “a truly residential enclave, popular for its Bohemian vibe and charming book cafes,
      251 words
    • COMPANY BRIEFS
      • Article
        Lock icon TPV Tech reports fall in Q3 earnings
        127 5 TPV Technology reported a fall in its net profit for the third quarter ended Sept 30 to US$31.96 million from US$39.50 million a year ago. Revenue was US$2.95 billion, compared to US$2.26 billion a year ago. TPV said the brisk sales of both
        127 words
      • Article
        Lock icon Jackspeed scraps deal to buy Mil-Com stake
        86 5 JACKSPEED Corporation said that it will not be buying the 80 per cent stake in Mil-Com Aerospace Pte Ltd. Mil-Com will keep the deposit of $25,000 and part of the signing deposit of $125,000, Jackspeed said. The $6.3 million deal to buy 80
        86 words
    • Article, Illustration
      Lock icon Nakilat-Keppel JV launches Qatar yard
      423 7  -  20% owned by Keppel, it signs deals with several heavyweights By JOYCE HOOI NAKILAT-KEPPEL Offshore Marine (N-KOM) a 43-hectare shipyard in Qatar was launched yesterday, backed by agreements with several heavyweights in the trade. The shipyard, said to cost US$2.8 billion by news agencies, is
      423 words
    • Article
      Lock icon Viking forecasts ten-fold leap in full-year earnings
      590 7  -  By LYNN KAN CATALIST-listed Viking Offshore and Marine fresh from its conquest of four companies this year alone expects group revenue for the financial year ending Dec 31, 2010 to exceed $100 million, and net profit to come in at $10.5 million to
      590 words
    • Article
      Lock icon 3 CME Group execs resign
      317 7 Reuters [SINGAPORE] Three senior staff of the CME Group in Asia have resigned since the start of the month, even as the exchange said on Wednesday that it remained committed to its expansion plans in the region. The three Asia managing director CF Wong, head
      Reuters  -  317 words
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      116 4 Taxing times Maybe not. The why and how of personal tax compliance 14 January 2011 I pwc As an employer, you are obliged to report your employees' remuneration details accurately and on time. 2011 also marks the mandatory start of the Auto-Inclusion Scheme for businesses with 30 (presently 50) employees.
      116 words
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      288 5 N l X J N Bfea li 3 J l.a Mount Elizabeth Hospital 3.9km i JJ«U NOVENA Specialist Center At the heart of medical excellence A strategic location in Novena medical hub Novena Specialist Center is a purpose-built medical facility, integrating modern facilities with greenery and water features. It has
      288 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Short-covering helps ease pressure
      541 6  -  But no fresh buying emerges; soft opening for Europe compounds cautious sentiment STOCKS R SIVANITHY Senior Correspondent AFTER plunging 70 points on Monday and Tuesday, the Straits Times Index (STI) enjoyed some respite yesterday, rebounding 10.71 points to 3,137.01 undoubtedly aided by short-covering ahead of the
      Source: Bloomberg  -  541 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 6 Nov 24 VALUE CLOSE BT OB/OS -1154.00 +25.00 BT CADI -*****.00 +45.00 BT 10-day MA -*****.00-116.00 FTSE ST Mid Cap 782.63 +0.47 FTSE ST Small Cap 566.72 +4.04 FTSE ST All Share 775.77 +2.48 FTSE ST China Top 288.86 +0.75 FTSE ST China 326.18 +1.41 FTSE ST
      65 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME Genting SP 182,040,000 Sapphire 111,736,000 TopGlobal 107,692,000 Golden Agri 80,884,000 Gallant 46,085,000 Mewah 44,451,000 TopGlobal W*****9 34,834,000 Noble Grp 24,380,000 *Genting HK US$ 23,370,000 Informatics 23,310,000 VALUE($) Genting SP 361,102,470 UOB 68,425,724 DBS Grp 66,530,320 Wilmar 59,655,770 SingTel 58,026,780 Golden Agri 56,266,935 CapitaLand 51,573,330 Noble Grp
      57 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 5 0 0 0 7 5 5 Manufacturing 56 42 80 5 3 9 61 45 89 Commerce 23 19 21 1 4 6 24 23 27 Tpt/Stor/Comms 16 12 16
      186 words
    • BROKERS’ TAKE
      • Article
        Lock icon Global Logistic Properties
        291 6 Logistic Properties Nov 24 close: $2.20 DBS Vickers Research, Nov 24 GLOBAL Logistic Properties (GLP) offers a compelling investment opportunity into the logistics facilities space. It is a pole position player in Japan and China with a “best-in-class” portfolio of 6.2 million sq m of completed gross
        291 words
      • Article
        Lock icon Raffles Education Corp
        349 6 Nov 24 close: $0.265 OCBC Investment Research, Nov 24 RAFFLES Education Corp (REC) is currently facing challenges due to declining student enrolment numbers in China. This is because the number of students registering for the National Higher Education En- trance Examination (Gao Kao) this year has fallen
        349 words
      • Article
        Lock icon Midas Holdings
        354 6  -  Compiled by LYNETTE KHOO Holdings Nov 24 close: $0.93 CIMB Research, Nov 24 MIDAS plans to expand its aluminium extrusion capacity further to 70,000 tonnes (+40 per cent) by H1 FY12 after its recent capacity expansion. Coupled with strong results from its metro train maker as- sociated company,
        354 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 61,164 61,164 86,528 86,528 Manufacturing 274,466 27,145 301,611 288,484 1,004 289,488 Commerce 75,936 19,947 95,883 118,829 1,714 120,543 Tpt/Stor/Comms 96,253 2,048 98,301 195,668 614 196,282 Finance 24,553 24,553 221,443 221,443 Construction 47,701 219,434 267,135 6,790
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 6 Stock name Close Change Stock name Close Change CapMallsAsia 2.030 -0.020 CapitaLand 3.710 CapitaMall 1.870 -0.010 CityDev 12.320 +0.120 ComfortDelGro 1.520 +0.010 DBS Grp 13.700 -0.100 F&N 6.160 -0.020 Genting SP 2.000 +0.050 Golden Agri 0.710 +0.025 HK Land 6.950 +0.050 JMH 45.500 +0.200 JSH 26.500
      110 words
    • Article, Illustration
      Lock icon Euro recovers from 2-month low vs US$
      489 6 CURRENCIES Reuters [NEW YORK] The euro rose from a two-month low against the dollar yesterday after a US report signalled some improvement in the labour market which investors took as a further sign of recovery in the world’s biggest economy, raising risk tolerance.
      Reuters; AP  -  489 words
    • Article
      Lock icon RISES
      110 6 BY CENTS CLOSE UP GLD 10US$ ***** 133.3 0.8 DBXT Nifty 10US$ ***** 88.9 0.5 DBXT MSUSA 10US$ 2869 68.0 1.8 DBXT FTVietnam 10US$ 3348 60.1 1.4 DBXT S&P Short 10US$ 4844 57.5 0.9 JMH 4550 26.1 0.4 DBXT MSTHAI 10US$ 1603 24.8 1.2 Lyxor Korea 10US$ 476 23.5
      110 words
    • Article
      Lock icon FALLS
      128 6 BY CENTS CLOSE DOWN DBXT MSEurope 10US$ 4336-179.1 -3.1 IS S&P500 *****-139.9 -0.9 DBXT E50 10US$ 4008-120.3 -2.2 IS DJ US Tech 6132 -73.2 -0.9 Lyxor MS India 10US$ 1727 -61.4 -2.6 Pru 500US$ 922 -60.1 -4.8 DBXT MSINDO 10us$ 1433 -48.4 -2.5 DBXT MSBrazil 10US$ 696 -41.8 -4.4
      128 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      178 7 V Asia No.1 uD vine Massage fit for a King The world's 1 st Human-3D Massage Chair Enjoy the best of OSIM uDivine's Lifestyle Massage Programmes designed by the Japanese Master, Sato Tsuyoshi. Andy Lau International Artiste OSIM ?A? Inspiring well-being The world's 1 sl Massage HUMAN-3D The patented OSIM
      178 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Cut, but still ample, speech times
      526 8  -  House also approves move to make pre-school education cheap, good and accessible YESTERDAY IN PARLIAMENT By CHUANG PECK MING AFTER a long debate yesterday on pre-school education, Parliament wrapped up a three-day session with a move to cut speech times. The House approved recommendations
      526 words
    • Article
      Lock icon Few Asian firms fully Asian-owned
      406 8  -  Americans more likely to wholly own foreign firms here By CHEN CHEN HUIFEN AMONG the international companies in Singapore, American investors were more likely to collectively own all shares of a company than Asian investors, with at least 86 per cent of American companies set
      406 words
    • Article
      Lock icon BCA to launch productivity week next year
      320 8  -  By LINETTE LIM THE Building and Construction Authority (BCA) will launch the inaugural Construction Productivity Week next year. The move is part of a series of initiatives announced by Senior Minister of State for National Development and Education Grace Fu at the BCA
      320 words
    • Article
      Lock icon Phase one of Marina Bay Link Mall 92% leased
      352 8  -  By KAREN NG OFFICE types working near Raffles City MRT now have fresh retail therapy to soothe their stressed and rattled nerves. “About 92 per cent of Marina Bay Link Mall’s phase one has been leased,” Raffles Quay Asset Management director
      352 words
    • Article
      Lock icon Four new partners for Rodyk & Davidson
      224 8 Four new partners for Rodyk Davidson RODYK Davidson, Singapore’s oldest law firm, has added four new partners, as equity partner Helen Yeo steps down at the end of this year to become senior consultant to the firm. Senior Counsel Philip Jeyaratnam will take over Mrs Yeo’s place as Rodyk Davidson
      224 words
    • Article, Illustration
      Lock icon IT’S A STRIKE!
      79 8 Juliana Zaharuddin, wife of Maybank chairman Megat Zaharuddin, enjoying a game of Nintendo Wii bowling with 83-year-old Chan Sooi Lean, a resident at the Kheng Chiu Happy Lodge at Tampines. Maybank Singapore recently set up a Wii corner at Happy Lodge, and four other Wii corners at
      79 words
    • Article
      Lock icon Innovation award for NUS fraternity
      338 8  -  By CHAN SWEE KHUAN A new award to recognise achievements in entrepreneurship and innovation for those in the National University of Singapore community was launched yesterday. The National University of Singapore’s Innovation Enterprise Award (I&E Award) was jointly launched by NUS Enterprise and the National
      338 words
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      83 8 o® xxarmas v (O) euraco V Finefood Pte Ltd H/ines Pre-Clhristmas Sate Enjoy up to 50% off retail prices on leading premium wines from Europe and other fine wines from the new world direct from the winery!!! Plus selected Rledel stemware Enjoy free Food and Wine Tasting for 3 days
      83 words
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      139 9 “To be ahead, you need to see the vision of tomorrow.” Kevin Spacey. World-acclaimed Actor/Director. Register now and join our distinguished guests, world-acclaimed actor/director Kevin Spacey, composer Dick Lee and financial guru Jim Rogers at the launch of the new Audi A8. To celebrate the launch of the new Audi
      139 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Fed officials differ over QE2 benefits
      546 10 Most saw move as keeping interest rates low, boosting asset prices Bloomberg [WASHINGTON] Federal Reserve policymakers disagreed over expanding record monetary stimulus this month, with a majority seeing a boost to growth and employment and a minority concerned about risks to inflation and the
      Bloomberg; REUTERS  -  546 words
    • Article
      Lock icon German biz confidence surges
      429 10 November reading a record high, on domestic spending Bloomberg [FRANKFURT] German business confidence has unexpectedly surged to a record high in November as domestic spending increased, bolstering the economic outlook. The Munich-based Ifo economic research institute said that its business climate index, based on a survey
      Bloomberg  -  429 words
    • Article
      Lock icon BI expects to contain inflation without interest rate hike
      563 10 Reuters [JAKARTA] Indonesia’s central bank said yesterday that its current interest rate, held at a record low of 6.5 per cent for more than a year to drive economic growth, was relevant to meet its inflation targets for the next two
      Reuters  -  563 words
    • Article
      Lock icon Dubai reports 2.3% GDP growth in first half
      379 10 Reuters [DUBAI] Dubai’s economy grew 2.3 per cent in the first six months of 2010 as trade and manufacturing improved along with tourism, the Dubai Statistics Centre said, confirming earlier remarks by its chief. The global crisis ended an oil and real
      Reuters  -  379 words
    • Article
      Lock icon Vietnam inflation surges 11%
      378 10 Bloomberg [HO CHI MINH CITY] Vietnam’s inflation accelerated for a third month to the fastest pace in more than a year-and-a-half, after a weaker currency pushed up import costs. Prices rose 11.09 per cent in November from a year earlier, according to figures released yesterday by
      Bloomberg  -  378 words
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      27 10 Rare Plot! L: ***** B: 7000 4+1 Priced to sell! Chatsworth L***** sf/***** sf Rare! Whitehouse L: *****sf Hit me an Offer! Nassim L: *****sf Closing Soon!
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      19 10 1 Pi. ■nHLij MS L: 1 -7800sqft/1 OOOOsqft Brand NewG'CB" Viewto Appreciate! For Enquiry Pis Call: Serene 6100 0080
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      40 10 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY GLORY GIRLS India's women athletes beat poverty to win Asian Games medals )3 KAPIL DEV IS PART OF INDIA'S ATTACKING XI r GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
      40 words
  • Page 10 Miscellaneous
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      118 11 See what tomorrow looks like. Introducing the world’s first full high precision LED headlights in the new Audi A8. Our LED headlights are unmistakable in form and function. They ‘think’ for themselves and light up the road with clear-cut clarity. So you’ll always be seen by other road users. This
      118 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Sunway proposes to merge SunH and SunCity
      518 12  -  New enlarged entity to have market cap of over RM3.5b and over RM8b assets By PAULINE NG MALAYSIAN tycoon Jeffrey Cheah Fook Ling has proposed to merge Sunway group’s construction and property interests under listed Sunway Holdings (SunH) and Sunway City (SunCity) into
      518 words
    • Article
      Lock icon Indonesian banks grow on Islamic loans for small firms
      457 12 Bloomberg [KUALA LUMPUR] Islamic loans targeting Indonesian small businesses have grown, prompting the country’s biggest banks to expand. PT Bank Syariah Mandiri is adding branches in Java and Sumatra to offer so-called microfinance loans because more than 90 per cent of
      Bloomberg  -  457 words
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      1689 12 Commonwealth Bank of Australia A.C.N. 123 123 124 COMMONWEALTH BANK OF AUSTRALIA FINANCIALYEAR ENDED 30 JUNE 2010 All amounts are expressed in Australian currency INCOME STATEMENT BALANCE SHEET For the year ended 30 June 2010 As at 30 June 2010 LIST OF PRINCIPAL SUBSIDIARIES Entity Name Extent of Beneficial Interest
      1,689 words
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      145 12 Llanhe Zaobao Rookie makes his mark through franchise n bi ft 73 it To subscribe, call 6388-3838 or go to sphsubscription.com.sg NOTICE TO SCHEME CREDITORS Name of Company Continental Chemical Corporation Pte Ltd (Receiver appointed over the Charged Property) (“the Company”) Registration No. *****9372Z ORIGINATING SUMMONS NO. 463 OF 2009/C
      145 words
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      136 13 Hear what tomorrow sounds like. Introducing the world’s first moving concert hall the 19 speaker Bang Olufsen Advanced Sound System in the new Audi A8. Created with the highest quality materials and workmanship that’s nothing short of extraordinary. The result is a combined output of 1,460 watts channeled through 19
      136 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China tackles commodity speculators
      669 14 Move is a widening of its anti-inflation push that includes cooling food prices AP Reuters [BEIJING] China’s government is widening its anti-in-flation campaign as it ordered a crackdown yesterday on speculators that it accuses of illegally pushing up commodity prices. The order comes as Beijing enforces
      AP; Reuters; REUTERS  -  669 words
    • Article, Illustration
      Lock icon Indian court defers ruling on Singh’s handling of scandal
      390 14 Reuters Reuters AFP [NEW DELHI] India’s Supreme Court yesterday postponed a ruling on Prime Minister Manmohan Singh’s handling of a telecoms scandal that has undermined confidence in the administration and paralysed Parliament. Dr Singh is not on trial but has faced
      Reuters; AFP  -  390 words
    • Article
      Lock icon Rusal to buy 33% of Norinco aluminium unit
      367 14 Reuters [HONG KONG] United Company Rusal Ltd plans to buy a 33 per cent stake in a Chinese aluminium trader to enhance sales and strengthen its market position in China, the world’s largest user of the lightweight metal. Rusal, the world’s top
      Reuters  -  367 words
    • Article
      Lock icon Indian investors buy up bonds on tax breaks
      482 14 Bloomberg [MUMBAI] Individuals in India are buying the most bonds in eight years, taking advantage of tax breaks and providing funding to build the roads, railways and power plants needed to sustain growth in Asia’s third-biggest economy. Indian Railway Finance Corp, the
      Bloomberg  -  482 words
    • Article
      Lock icon Cell phone ban to cut off secret lovers
      223 14 AFP [NEW DELHI] A local council in northern India has banned unmarried women from carrying mobile telephones to halt a series of illicit romances between partners from different castes, media reports said yesterday. The Baliyan council in Uttar Pradesh state decided to
      AFP  -  223 words
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      134 15 Feel tomorrow at your fingertips. Introducing the world’s first intuitive Multi Media Interface touchpad system in the new Audi A8. The MMI system is so advanced that it recognises over a million characters just by writing a letter or number on the touch sensitive pad. Without taking your eyes off
      134 words
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  • WORLD
    • Article
      Lock icon Oct consumer spending and income go up
      438 16 The increases, the most since August, point to slow job market recovery LATEST US DATA AP [WASHINGTON] Americans earned more and spent more last month, a hopeful sign for the economy ahead of the holiday buying season. Consumers boosted their spending 0.4 per
      AP  -  438 words
    • Article
      Lock icon Antique Chinese snuff bottles fetch record prices
      184 16 AFP [HONG KONG] Two antique Chinese snuff bottles fetched record prices of over a million dollars each when they sold at auction to a Chinese real estate tycoon in Hong Kong, the auction house said. The unnamed mogul paid a world top price
      AFP  -  184 words
    • Article, Illustration
      Lock icon Japan, Aussie firms sign rare earths deal
      657 16  -  By ANTHONY ROWLEY JAPAN’S overseas resource diplomacy is moving into high gear as it seeks to offset the impact of recent restrictions by China on exports of rare earth minerals used in a wide range of high-tech and strategic industries. A leading Japanese
      REUTERS  -  657 words
    • Article
      Lock icon UK export growth helps economy expand at 0.8%
      363 16 But weak govt and private spending cloud outlook Reuters [LONDON] Britain’s economy grew 0.8 per cent in the third quarter, data confirmed yesterday, boosted by net trade outflows, but weakness in household and government spending highlighted risks ahead. The Office for National
      Reuters  -  363 words
    • Article, Illustration
      Lock icon General strike cripples debt-hit Portugal
      399 16 AFP [LISBON] Portugal ground to a halt yesterday as unions staged the country’s first general strike in more than two decades to protest against spending cuts that the government says are vital to avoid financial disaster. Both public and private sector workers joined the one-day
      AFP  -  399 words
    • Article
      Lock icon 2nd blast at NZ mine erases hopes of rescue
      281 16 AP [GREYMOUTH, New Zealand] A massive explosion deep inside a New Zealand coal mine yesterday erased hopes of rescuing 29 miners caught underground by a similar blast five days ago. The prime minister declared it a national tragedy. Even if any
      AP  -  281 words
    • Article
      Lock icon Porsche reports 7-fold rise in Q1 operating profit
      185 18 Bloomberg [BERLIN] Porsche SE, the maker of the 911 sports car, said operating profit surged more than seven-fold in the fiscal first quarter on increasing sales of models such as the Panamera sedan. Earnings before interest and tax advanced to 395 million
      Bloomberg  -  185 words
    • Article, Illustration
      Lock icon Exempt forex swaps from new rules: banks
      456 18 Imposing clearing and trading rules will disrupt currency markets, they say Bloomberg [WASHINGTON] The biggest Wall Street banks are pushing the US Treasury Department to exclude foreign exchange derivatives from new regulations, a move that would leave a US$42 trillion market largely outside
      Bloomberg; BLOOMBERG  -  456 words
    • Article, Illustration
      Lock icon Thailand capable of further stimulations
      290 18 Bloomberg Dow Jones [BANGKOK] Thailand can afford to stimulate its economy again if needed, Prime Minister Abhisit Vejjajiva said yesterday, adding that he sees risks to growth going forward. A deterioration in the global environment and sudden change in capital flows are among key risks
      Bloomberg; Dow Jones  -  290 words
    • Article
      Lock icon Compass Group net profit up 15%; dividend raised
      173 18 AFP [LONDON] Compass Group, the world’s biggest caterer, said yesterday that annual net profits rose 15 per cent as the British company slashed costs. Compass said that earnings after tax grew to £675 million (S$1.4 billion) for the 12 months to September
      AFP  -  173 words
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      Lock icon Page 16 Advertisements Column 1
      1263 16 NOTICES BUY IT• SELL IT• FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg INFORMATICS EDUCATION LTD. (Company Registration No. *****3419G) (Formerly known as INFORMATICS HOLDINGS LTD.) NOTICE OF EXPIRY OF WARRANTS 2011 TO: ALL HOLDERS OF WARRANTS 2011 ("Warrants") TO SUBSCRIBE FOR NEW SHARES IN INFORMATICS EDUCATION LTD. (the "Company") THIS
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      346 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF GIANT TECHNOLOGY SINGAPORE PTE. LTD. (IN PROVISIONAL LIQUIDATION) (Company Registration No. *****8933W) NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act (Cap. 50) a meeting of creditors
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  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      59 17 The new Audi A8. The new Audi A8 is coming soon. Light years ahead. Be light years ahead and join our distinguished guests, world-acclaimed actor/director Kevin Spacey, composer Dick Lee and financial guru Jim Rogers at the launch of the new Audi A8. Audi A8 Pavilion The Promontory@Marina Bay 1st–
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  • Page 18 Advertisements
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      259 18 NASSIMPARK RESIDENCES LJ A MASTERPIECE by Chan Soo Khian, Christian Liaigre, Shunmyo Masuno In the heart of Nassim, Singapore's most desirable neighbourhood, comes the unveiling of Singapore's most coveted freehold address. A unique collaboration between three internationally acclaimed creative minds. Chan Soo Khian Founder of Singapore-based SCDA Architects. Hailed for
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      1145 19 G Amtek Engineering Ltd (Company Registration Number *****3886K) (Incorporated with limited liability in the Republic of Singapore on 22 October 1980) 200,000,000 Offering Shares (subject to the Over-allotment Option) Offering Price: S$1.30 per Offering Share Amtek Re-engineering Success 0 AMTEK IS A PROVIDER OF END-TO-END DESIGN AND MANUFACTURING SOLUTIONS FOR
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  • ENTERPRISE 50
    • Article, Illustration
      Lock icon Glitz and glamour
      900 20  -  By CHEN HUIFEN IT was a night of glitz and glamour for 50 entrepreneurs and some of their stakeholders at the Enterprise 50 Awards held on Nov 3. Dubbed the Oscars for Singapore’s finest privately owned enterprises, the E50 gala dinner celebrates the achievements of the top
      Photos by ARTHUR LEE and YAP YEW PIANG  -  900 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon S’pore properties stay on firm ground
      500 22 EDITORIAL YESTERDAY’s report by DTZ Research provided yet another confirmation as to why the private property market in Singapore is likely to stay firm. In the report, which detailed Singapore’s residential demand for the third quarter, the property consultancy highlighted that mainland Chinese buyers,
      500 words
    • Article, Illustration
      Lock icon Black Swans abound as North Korea lobs shells
      814 22  -  THE BOTTOM LINE WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own Bloomberg PSYCHOLOGICAL denial is a powerful thing. Politicians fall prey to it before big elections, investors do at the peak of asset bubbles,
      Bloomberg  -  814 words
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      Lock icon Demand and supply in the post-peak oil world
      1120 22  -  Uncertainty about the size of ultimately recoverable sources of fuel remains a concern G PANICKER The writer was formerly with BT’s foreign desk THE peak oil theory has been intensely debated for years when it will occur, how the world will cope
      AP  -  1,120 words
    • Article, Illustration
      Lock icon Reforming corporate governance
      1342 23  -  Investors need to understand interaction between underlying business model dynamics and those running the enterprises By KEE KOON BOON The writer is a lecturer of accounting at Singapore Management University, and a director of Aegis Group of Companies, a Singapore-based investment management organisation Snatch. The action undertaken
      REUTERS  -  1,342 words
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      Lock icon Writing in a way that laymen can understand
      999 23  -  ANTHONY ROWLEY Tokyo Correspondent EVERY year around this time I find myself standing on a rostrum delivering remarks to (mostly young) journalists from across Asia who have been selected as the top 20 entrants to the Developing Asia Journalism Awards (Daja) competition
      REUTERS  -  999 words
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  • AVIATION
    • Article, Illustration
      Lock icon Enhanced US airport checks facing Thanksgiving test
      982 24 Jams likely if most travellers opt for slower pat-down in lieu of scanning Bloomberg [DALLAS] Thanksgiving holiday travellers jamming into US airports will provide the biggest test yet of the government’s body scanners and physical pat-downs criticised by some fliers as a danger
      Bloomberg; AP  -  982 words
    • Article
      Lock icon SIA, SAS ink code-share deal, so do JAL, Jetstar
      278 24  -  By VEN SREENIVASAN [SINGAPORE] Singapore Airlines has signed a code-share agreement with Scandinavian Airlines (SAS) that enables seamless travel to three new destinations in Scandinavia. And Japan Airlines (JAL) and Jetstar Airways (Jetstar) have expanded their code-share partnership to include flights
      278 words
    • Article
      Lock icon Dubai Airports Oct passenger traffic up 14.8%
      284 24 Bloomberg [DUBAI] Dubai Airports, home to Emirates, the world’s biggest airline by international traffic, said passenger numbers grew 14.8 per cent in October from a year ago, helped by a growth in traffic from Western Europe. The number of passengers handled by Dubai’s
      Bloomberg  -  284 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3218 24 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 Ahmedabad NH6292 1850 SQ530 1850 Amsterdam
      3,218 words
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      4156 25 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 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      349 24 CRYPTIC CROSSWORD Across 1 Dietary supplement that could make you go masculine (11) 8 A millionaire is so courageous (4-7) 11 Understood Socialist’s pronouncement (4) 12 Bound to find energy in drink (4) 13 Doctor you repeatedly start to dread, not betraying emotions (3-4) 15 Person unable to maintain momentum?
      349 words
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  • Page 25 Advertisements
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      27 25 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
      27 words
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  • Article
    Lock icon Shipping market still ‘vulnerable’, says Frontline
    495 26 It cites new tonnage entering the market; shares fall the most in 2 1/2 months Bloomberg [LONDON] Frontline Ltd, the world’s biggest operator of supertankers, said the market is still “vulnerable” after almost five months of unprofitable rates. The shares fell the most in
    Bloomberg  -  495 words
  • Article
    Lock icon Viet PM admits failures in Vinashin case
    393 26 AFP [HANOI] Vietnam’s Prime Minister admitted government failures yesterday in the case of state-run shipping group Vinashin, which has been driven to the brink of bankruptcy ahead of a key Communist Party Congress. “As head of the government, I would like to take
    AFP  -  393 words
  • Article
    Lock icon Baltic index rises on Chinese coal imports
    325 26 Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, rose on Tuesday with Chinese coal imports boosting activity on the larger capesize vessels. Freight players said they were monitoring rising tensions on the Korean peninsula after
    Reuters  -  325 words
  • Article, Illustration
    Lock icon S Korea urges ships to take extra security measures
    539 26 Reuters [SINGAPORE/SEOUL] South Korean port agents yesterday urged oil tankers and cargo vessels travelling near the maritime border with North Korea to take extra security precautions after Pyongyang’s shelling of a South Korean island. Tuesday’s attack on Yeonpyeong island, one of
    Reuters; XINHUA  -  539 words
  • Article
    Lock icon TRANSPORT STOCKS
    278 26 SGX '000 Nov 24 S$ +/-Vol CH Offshore 0.47 -0.01 980 Chuan Hup Hldg 0.23 -0.01 80 Cosco Corp 2.05 unch ***** CWT Ltd 0.91 0.01 1175 Ezra Hldgs 1.68 0.01 8980 First Ship Lea 0.44 unch 622 Freight Links 0.10 0.01 2767 Grand Banks unch unch 0
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8974 27 Transaction date: Nov 24 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 18.5 unch 322 18.5 18.5 18.5 19 1.7 9.8 5.9 88.6 12 5 5834
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    • Article
      Lock icon SGX CATALIST
      1823 28 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 4.5 4 4.5 25 4.3 225 130 6222 t APStrategic 164 +2 6 164 160 157
      1,823 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9421 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.29/ APS Alpha Fund (USD)!** 0.98/ 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
      874 28 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 $mil 124 107 6389 ABF SG Bond ETF 112 -3 22 113 112 112 114.9 511.3 1056 761 CIMBAsean40 100US$ US1000 -24 87 1000 996
      874 words
    • Article
      Lock icon GLOBALQUOTE
      72 28 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 $mil 56 38 6000 AVJennings A53 50.5 56.5 3.6 6.6 4.2 138 55 16 6017 Genting HK US$ US43.5 +1 ***** 44 41.5 43 43.5 2864.3
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 29 In local curr In S$ In US$ dy yr dy yr dy yr Nov 23 Index Change Change Change Change Change Change World Index Preliminary 854.8 -1.5 2.7 -0.7 -3.2 -1.7 3.6 EAFE Preliminary 775.2 -1.5 -1.2 -1.0 -6.3 -2.0 0.2 Europe Preliminary 1126.1 -2.0
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    • Article
      Lock icon INTERBANK RATES
      180 29 Nov 24 $S Offer Bid 0vernight 0.05 0.02 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.33 0.23 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 12
      180 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 29 Nov 24 S$ Bid Offer 1-month 1.3071 1.3081 2-months 1.3071 1.3081 3-months 1.3071 1.3081 6-months 1.3071 1.3082 Source: OCBC
      22 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 Nov 24 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.32 1.246 Can dollar 1.306 1.256 Euro 1.787 1.719 Sterling pound 2.108 2.027 NZ dollar 1.024 0.976 US dollar 1.329 1.278 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      35 29 Nov 24 Open High Sett STI Nov 3125 3125 3137 SIMSCI Nov 367.5 372.2 368.8 Taiwan Nov 296.1 297.5 295.1 Source: MF Global (S) Pte. Ltd Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      65 29 Nov 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 10 3280 3286 3310 3262 477 2153 Jan 11 3195 3209 3252 3195 2598 ***** Feb 11 3162 3168 3213 3150 ***** ***** Mar 11 3137 3150
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      427 29 Nov 24 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6625 0 7361 Mar11 99.5400 0 2213 Jun11 99.4500 0 4109 Sep11 99.3700 0 2956 EUROYEN TIBOR FUTURES Dec10 99.6600 0 4388 Mar11 99.6600 0 1476 Jun11 99.6600 0 1536 Sep11 99.6500 99.6500 99.6500 99.6500 0
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    • Article
      Lock icon SICOM FUTURES
      145 29 Nov 24 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 10 435.2 430.0 435.2 68 Jan 11 433.0 100 Feb 11 433.0 100 Mar 11 433.0 100 Apr 11 434.0 May 11 434.0 Jun 11 434.0 Jul 11
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 29 Nov 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 24.02.2011 0.30 0.25 0.25 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 103.84 103.88 103.88 5-Year N*****0S 2.875 01.07.2015 107.68
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    • Article
      Lock icon CHICAGO BOT
      107 29 Nov 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1239.00 1221.50 1246.50 1201.50 Mar 11 1246.25 1228.75 1253.00 1208.75 May 11 1246.25 1229.00 1251.50 1209.00 Jul 11 1248.00 1230.75 1251.50 1210.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 10 49.22
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 29 CRUDE OIL PRODUCTS Nov 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 82.99 -0.39 WTI (Near Mth) 80.87 -0.24 Dubai (1-Mth F) 81.05 -1.54 Tapis blend 87.30 -1.70 Minas 83.55 -1.00 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 83.94 -2.06 Jet Kerosene 95.50 -0.70 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2486 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2 unch 3674 1 3 -9 2.75 1 AFP Properties EW*****8 32.5 -1 2167 1 10 -4 1.37 60 6221 Asia-Pacific Strategic W*****6 33 -4
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 29 Nov 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.000 6.526 0.732 7.614 44.784 87.815 0.815 11.210 3.072 1.285 83.904 43.380 1.283 6.952 0.976 29.874 29.488 0.620 0.981 Canada 1.000 6.530
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    • Article
      Lock icon SIBOR
      85 29 Nov 24 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 29 Nov 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2828 1.2839 0.9814 0.9815 Canadian dollar 1.2834 1.2846 0.9818 0.9820 Euro 1.7530 1.7544 1.3411 1.3412 NZ dollar 0.9980 0.9990 0.7635 0.7637 Sterling pound 2.0686 2.0706 1.5826 1.5829
      154 words
    • Article
      Lock icon PRECIOUS METALS
      139 29 GOLD (US$/oz) Nov 23 Nov 24 Hong Kong 1364.00 1375.50 Nov 22 Nov 23 London 1351.10 1372.70 1351.85 1373.45 Source: Thomson Reuters CAST BAR Nov 24 (S$) Selling Buying Kilobar 61,820.32 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 138 58 5gm 393 288 10gm 702 577 20gm
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    • Article
      Lock icon LONDON METALS
      71 29 Nov 23 Nov 23 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2226.75 2259.75 3 months 2255.00 2288.00 Copper, Grade A (US$/tonne) Cash 8168.00 8313.00 3 months 8140.00 8290.00 Lead (US$/tonne) Cash 2163.25 2226.50 3 months 2186.50 2250.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 unch Tin (US$/tonne)
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    • Article
      Lock icon LIFFE
      82 29 Nov 23 COCOA (£/tonne) Close Prev High/Low Dec 10 1868 1878 1893/1868 Mar 11 1860 1869 1882/1859 May 11 1874 1883 1895/1874 Jul 11 1890 1900 1911/1889 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1832 1827 1839/1785 Jan 11 1853 1848 1868/1780 Mar 11 1868 1859 1883/1795 May 11
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  • BizIT
    • Article, Illustration
      Lock icon New tech trends to boost S’pore’s DC plans
      926 30  -  Space-saving performance boost will help in the Republic’s Data Centre Park plans, says RAJU CHELLAM RAJU CHELLAM NEW technologies, processes and trends in the design of data centres (DCs) will enable future DCs to achieve up to 300 per cent growth in
      FILE PHOTO  -  926 words
    • Article, Illustration
      Lock icon Facebook, Twitter in revamped Yahoo products
      577 30  -  By VICTORIA HO E-MAIL and instant messaging form the “cornerstones” of Yahoo’s user engagement, and the search provider has rolled out complete revamps of its products in order to keep its users on its pages. Yahoo rolled out new beta versions of Mail and
      577 words
    • Article
      Lock icon Rare Apple I computer sells for £133,250
      338 30 AP [LONDON] Its processor works 1,000 times slower than the Apple iPad, but the first ever Apple computer has sold for 425 times the price. The Apple I, one of only 200 such models ever made, was sold on Tuesday afternoon at Christie’s
      AP  -  338 words
    • Article
      Lock icon Aussie govt wins support for broadband
      398 30 Reuters [CANBERRA] Australia’s government secured vital political support yesterday for its US$35 billion National Broadband Network (NBN), putting it a step closer to finalising a US$10.8 billion deal with telecoms firm Telstra. Prime Minister Julia Gillard agreed to release the business plan for NBN
      Reuters  -  398 words
    • Article
      Lock icon A theft every 3 seconds
      901 30  -  Industry collaboration needed to combat cybercrime which has reached endemic proportions <yousay> By DAVID FREER The writer is vice-president, consumer business, Asia Pacific and Japan, Symantec EVERY 15 minutes, a crime is committed on the streets of most major cities. While this figure may sound
      901 words
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  • PROPERTY
    • Article, Illustration
      Lock icon US home sales fall without pillars of support
      1160 31 Housing market hit by shrinking supply of foreclosed homes and end of tax credits NYT [NEW YORK] Over the last few years, buyers have been lured into the troubled housing market by two unusual opportunities: cash subsidies in the form of government
      NYT; AFP  -  1,160 words
    • Article
      Lock icon Househunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 22 WITH CONTRACT DATES BETWEEN OCT 27 AND NOV 2, 2010
      1490 31 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 02/11/2010 99 775 1480 1910 The Sail Marina
      1,490 words
    • Article
      Lock icon Kovan Centre to become Space @ Kovan
      431 32  - Kovan Centre to become Space Kovan Developer Roxy-Pacific may launch the residential and commercial project in Dec By EMILYN YAP ROXY-PACIFIC Holdings will redevelop Kovan Centre in Yio Chu Kang into a residential-commercial building called Space Kovan. There are also plans to develop the former Singapura Theatre site in which
      431 words
    • Article
      Lock icon World faces huge debt funding gap for commercial property
      310 32  -  By UMA SHANKARI THE global debt funding gap for commercial property the difference between the existing debt balance secured by a commercial property as it matures, and the debt available to replace it totals US$245 billion over the next three years,
      310 words
    • Article, Illustration
      Lock icon Set sail for upscale lifestyle at new hotel
      267 32 SINGAPORE’S first premium hotel to feature berths for luxury yachts was unveiled yesterday morning. The 240-room W Singapore Sentosa Cove will be the cornerstone of a new upscale lifestyle precinct at the Quayside Isle, an integrated development which includes a residential and
      ARTHUR LEE  -  267 words
    • Article, Illustration
      Lock icon China to carry out property checks
      457 33 Focus on cleanup of idle land parcels, ensuring affordable housing, land supply Bloomberg [SHANGHAI] China will carry out a nationwide property inspection on the implementation of the government’s real-estate measures, the China Daily reported yesterday, citing unidentified people from the property industry. The “large-scale”
      Bloomberg; REUTERS  -  457 words
    • Article
      Lock icon HK residential property may fall 10%
      343 33 Reuters [HONG KONG] Developer Wheelock and Co Ltd expects prices for Hong Kong residential property to fall as much as 10 per cent in coming months, a senior executive said days after the government implemented its toughest market-cooling this year. Housing prices in the
      Reuters  -  343 words
    • Article
      Lock icon Capital Shopping in talks to buy Manchester mall
      392 33 Bloomberg [EDINBURGH] Capital Shopping Centres Group, the largest UK mall owner, is in talks with closely held Peel Group to buy the Trafford Centre near Manchester in north-west England for about £750 million (S$1.5 billion) in stock. Capital Shopping would assume £850
      Bloomberg  -  392 words
  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      46 31 I II ILJLII II II II II imr SAVILLS INDUSTRIAL Trust us to locate the most ideal industrial facility for you savills Savills has more than 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world Call 6536 5022 SavillS.COITI
      46 words
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  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      655 32 m r ly. "A Prime Office Space Enjoy panoramic views of the city and Marina Bay right from your office. Located next to the Singapore River and on top of Clarke Quay MRT Station, Central is just in the heart of CBD. For Sales Enquiries, Call *****979 www.fareast.com.sg If] Far
      655 words
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      Lock icon Page 32 Advertisements Column 2
      395 32 TTT VSTRATA OFFICE FOR SALE Property The Central 883 to10,325 sq ft The Arcade 8,030 sq ft Samsung Hub 5,285 to 13,100 sq ft GB Building 3,294 5,210 5,425 /13,067 sq ft Suntec Tower 4,000 sq ft Chinatown Point 9,720 sq ft Ideal for investment or owner occupation Unit Sizes
      395 words
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  • Page 33 Advertisements
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      Lock icon Page 33 Advertisements Column 1
      200 33 PERTH CBD INVESTMENT 10.9% YIELD 160StGeorgesTce,Perth,WesternAustralia LIMITED OPPORTUNITIES TO SECURE THIS PRIME COMMERCIAL SPACE HighprofileCBDlocation Only2wholefloorsremain LeasedtoBHPBilliton-10.9%Yield Stratasuitesalsoavailable From87sqmto553sqm 2retailtenanciesremainin adjoining arcade ian Mickle +61 434 659 800 ian.mickle@colliers.com Wayne Mitsikas +61 413 599 655 wayne.mitsikas@ap.jll.com nicholas agapitos +61 434 659 808 nicholas.agapitos@colliers.com John WilliaMs +61 419 929 635 john.williams@ap.jll.com
      200 words
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      Lock icon Page 33 Advertisements Column 2
      56 33 SENTOSA WATER-FRONT BUNGALOWS COVE WAY LAND SIZE: 8,015sf 8,195sf BUILT-IN: about 14,000sf each 2½ STOREY BASEMENT POOL BRAND NEW MODERN DESIGN PRICES FROM $2,400 psf PARADISE ISLAND LAND SIZE: 8,170 sf 8,860sf BUILT-IN: approx 10,700sf 7,300sf 2 STOREY MODERN TROPICAL STYLE LUSH LANDSCAPE WITH PRIVATE BERTH PRICES FROM $2,100 psf
      56 words
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  • Page 34 Advertisements
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      Lock icon Page 34 Advertisements Column 1
      102 34 Natural Resources Funds There are many natural resources funds, but only one with the right signature. With so many funds on the market, how do you narrow the field? Simply look for funds bearing a signature you can trust J.P. Morgan. Talk to your investment advisor about natural resources funds
      102 words