The Business Times, 30 November 2010

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Total Pages: 36
1 36 The Business Times
  • 24 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sf£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, November 30, 2010
    24 words
  • 730 1  -  By MALMINDERJIT SINGH [SINGAPORE] When Google was forced to quit China in January due to hacker attacks, it created an uproar in the United States and elsewhere. An astonishing story behind those attacks has now emerged. It seems that a senior member of
    AP  -  730 words
  • 866 1  -  Developers lose flexibility to time their construction as delays could spell big payouts on their part By KALPANA RASHIWALA [SINGAPORE] The prices of luxury condos have continued to rise this year but a new rule may soon tie the hands of
    Source: CB Richard Ellis  -  866 words
  • 145 1 G ST INDEX 3,158.21 (+0.13) G ST INDEX FUTURES 3,164 (+6) G SIMSCI 371.93 (+0.59) G SIMSCI FUTURES 372.00 (+1.20) FOREX US$ S$ US$ (S$ per US$) 1.316 (US$/S$ per 1.563 2.056 EURO (US$/S$/E) 1.328 1.747 Foreign currency per US$ S$ YEN 83.90 63.80 RM 3.150 2.394 HK$
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  • Page 1 Advertisements
    • 116 1 PROPERTY Non-landed private home prices fall 0.7% in Oct PAGE 35 SME Inc Little Footies going places PAGE 12 COMMENTARY No end in sight to Ireland’s woes SPECIAL FEATURE Highlights of OSEA2010 PAGE 29 PAGES 22-24 •ff-- -T.\ 'K J K m -\y Th-n-i m t'j-zy* I vV ■V >,
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    • 18 1 A question of time for developers, Page 2 Non-landed private home prices fall 0.7% in October, Page 35
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  • TOP STORIES
    • 601 2 New rule may weigh on prices of luxury condos THE prices of luxury condos have continued to rise this year but a new rule may soon tie the hands of the developers. Till now, many have picked their time to launch developments when sentiments are good and decent
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    • 519 2  -  Services predicted to overtake manufacturing as key driver of growth By TEH SHI NING [SINGAPORE] With 2011 just a month away, several economists have raised their growth forecasts for the Singapore economy next year to beyond the official forecast range in some cases.
      519 words
    • 524 2  -  By LEE U-WEN THAI Prime Minister Abhisit Vejjajiva’s ruling Democrat Party survived a controversial dissolution case yesterday, helping him avoid becoming the third leader forced out of office in the last three years. Six judges from the Constitutional Court voted 4-to-2 in favour of acquitting
      AP  -  524 words
    • 410 2 BT’S ESTIMATES show that generally developers who bought sites through collective sales and other private sector sources in the 2006-2007 period are likely to have to complete their projects on them by 2014-2015, if they don’t wish to make hefty payments to the state
      410 words
    • 665 4  -  But other measures to enhance productivity may be more likely By TEH SHI NING [SINGAPORE] The longawaited cut in personal tax rates may be nigh, say some tax consultants, in light of the Prime Minister’s hints on Sunday of a generous 2011
      665 words
    • 594 4 Reuters [BERLIN] The euro yesterday sank to a two-month low in a nervous first reaction to a multibillion-dollar bailout for Ireland that European governments hoped would steady the currency. Under pressure to arrest the threat to the currency before markets opened
      Reuters; AFP  -  594 words
    • 645 4  -  Bank says he was negligent for failing to verify accounts By GRACE LEONG [SINGAPORE] The Singapore branch of Societe Generale Bank Trust and its two former employees have disclaimed responsibility for costing a client nearly $8 million in losses through risky forex trades
      645 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 132 3 V m 1 We were there when young people used to do the joget, foxtrot and the cha-cha. We were there when disco was cool. (What were we thinking!?) We were there all through breakdance, techno, hip-hop, and (oh dear) the macarena. We'll be there when their children learn to
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  • Page 4 Advertisements
    • 1562 4 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg In the Matter of the Companies Act, Cap. 50 And In the Matter of SUNSHINE INVESTMENTS PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****0108M) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies
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    • 15 4 Editorial: Ireland’s band-aid bailout, Page 28 No end in sight to Ireland’s woes, Page 29
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  • Page 5 Advertisements
    • 365 5 Citigold Your global status. Recognition. Powered by Citi. At Citigold, our conversation with you continues wherever you are. So even when you're travelling, you will be able to enjoy unrivalled global recognition and privileges. You can transfer funds instantly across Citibank accounts worldwide with Citibank Global Transfer", and enjoy greater
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  • COMPANY NEWS
    • 518 6  -  Good showing due to higher rental income, revaluation gain, stronger yen By FELDA CHAY STRONG investor sentiment towards Global Logistic Properties (GLP) is likely to continue, following the warehouse and logistic owner’s announcement that net profit for its second quarter more than tripled to
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    • 355 6  -  By NISHA RAMCHANDANI SATS Ltd via its whol-ly-owned subsidiary SATS Investments is buying a 50.7 per cent stake in Ja-pan-based airline caterer TFK Corporation (TFK) from Japan Airlines International Co Ltd (JALI) for 7.8 billion yen(S$122.6 million). The acquisition will give
      355 words
    • 432 6  -  By LYNN KAN THE Singapore Exchange (SGX) is taking steps to consolidate all commodities contracts on a single trading platform, starting with Robusta coffee contracts. It yesterday proposed delisting such coffee bean contracts from its subsidiary, the Singapore Commodity Exchange (Sicom),
      432 words
    • COMPANY BRIEFS
      • 73 6 ITE Electric said it has reported several suspected fraudulent transactions worth about $277,000 to the police yesterday. The suspected sales manager was also fired yesterday. The period of such suspected fraudulent transactions was from May 2009 to November 2010. The company’s board said the
        73 words
      • 77 6 JADE Technologies posted a net profit of 8.16 million yuan (S$1.6 million) for the fourth quarter ended Sept 30, compared with a net loss of 61.6 million yuan a year ago. This was after the company changed its business to titanium dioxide after
        77 words
      • 42 6 NAM Lee Pressed Metal Industries said net profit for the full year ended September nearly doubled to $9.91 million from $4.58 million a year ago amid higher sales. Revenue rose 23 per cent to $139 million.
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      • 29 6 COSMOSTEEL Holdings posted a 76 per cent plunge in full-year net profit to $3.27 million as sales dropped 34.9 per cent to $89.2 million.
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      • 39 6 CASA Holdings almost doubled its net profit for the full year to $5.9 million compared with $2.96 million a year ago, thanks to firmer sales. Revenue surged 45.3 per cent to $32.6 million.
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    • 364 6  -  Impact of tenants moving out only temporary, it says By EMILYN YAP OFFICE real estate investment trusts in Singapore (S-Reits) are losing tenants but they should face little trouble in finding new ones to fill the space, said Moody’s Investors Service. The rating
      364 words
    • 389 6  -  By EMILYN YAP SUNTEC Real Estate Investment Trust (Suntec Reit) has raised net proceeds of $417.9 million from a private placement of new units, to partially fund its $1.5 billion purchase of properties at Marina Bay Financial Centre (MBFC). It will be issuing
      FILE PHOTO  -  389 words
    • 370 7  -  By JAMIE LEE HG Metal Manufacturing widened its net loss for the fourth quarter due to a hefty $11.5 million writedown for its inventories. The steel stockist said its net loss for the three months ended September stood at $10.3 million compared
      370 words
    • 579 7  -  Concerns over Sembcorp Marine, Keppel due to their ‘aggressive pricing’ By JOYCE HOOI THE market held its breath with Sembcorp Marine yesterday, sending its share price into a mild funk during heavy trading. At its lowest, it lost almost 2 per cent, after
      579 words
    • 532 9  -  Low mobile growth potential, slow NBN, new govt pay-TV rules put a damper Reports by WINSTON CHAI LOW headroom for mobile growth, slower-than-ex-pected progress with Singapore’s new broadband network, and changes resulting from the government’s new pay-television regime are likely to combine
      FILE PHOTO  -  532 words
    • 238 9 TWO members from M1’s 11-strong senior management team are calling it quits by the end of this year after spending more than a decade with Singapore’s smallest mobile operator. According to an M1 statement, director of human resources Gan Peck Yeow and general
      238 words
    • 444 9  -  By KAREN NG RUBBER producer GMG Global and its Thai joint venture, GP Sentosa Enterprises, have agreed to buy 55 per cent of loss-making Teck Bee Hang (TBH), a Thailand-based rubber producer and trader. GMG said yesterday that it would take a 49
      444 words
  • Page 6 Advertisements
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      40 words

  • Page 7 Advertisements
    • 233 7 LANGHAM PLACE BEIJING CAPITAL AIRPORT mm o rfr J! GAIRPORT.LANGHAMPLACEHOTELS.COM GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. CO E 'ro m A Hm 'M V" R-Class f; m Vi »vK.V Hi r «ftse v .r: ■s
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  • SINGAPORE MARKETS
    • 563 8  -  Jardine counters slip lower while Genting Singapore and Keppel Corp are the day’s top index movers STOCKS R SIVANITHY Senior Correspondent A QUIET session yesterday saw the Straits Times Index first drop 10 points in thin trading before a bounce in Hong Kong and
      Source: Bloomberg  -  563 words
    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 6 0 0 0 4 7 6 Manufacturing 54 63 59 4 3 13 58 66 72 Commerce 14 23 24 2 5 6 16 28 30 Tpt/Stor/Comms 10 17 14
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    • 119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,803 18,803 74,325 74,325 Manufacturing 248,896 15,809 264,705 213,535 934 214,469 Commerce 48,868 8,710 57,578 69,862 1,265 71,127 Tpt/Stor/Comms 80,613 1,436 82,049 127,687 355 128,042 Finance 17,405 17,405 158,343 158,343 Construction 11,159 141,631 152,790 2,489
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    • 101 8 Slodi aaim* Clast Cuati>jc On)M«dUA>i« J.OJi* iawo 5.W2J OuOlu «.«I/t/Mnll l ,eo>c <0w)10 CKYDAI' liMC 1 4971 Utt5 Gi p i2.9t?u «Aju 0<J*ll) O.l 10 Gcitiiriy Ociltfen qii 0 735 fiJ0D •an?n JM V *ou/i> Jjrt IA y«m oUMtt Jifdirr<i CKl' J7XI)fO •ULJOBU «itlia-.l "arp. mm
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    • 4 8 DAILY
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    • 66 8 Nov 29 VALUE CLOSE BT OB/OS -777.00 +241.0 BT CADI -*****.00 -49.0 BT 10-day MA -*****.00 -77.00 FTSE ST Mid Cap 786.52 +1.12 FTSE ST Small Cap 567.68 -1.03 FTSE ST All Share 780.57 +0.11 FTSE ST China Top 290.28 -0.01 FTSE ST China 327.37 -0.87 FTSE
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    • 62 8 VOLUME TopGlobal 128,030,000 Genting SP 75,121,000 TopGlobal W*****9 65,325,000 *Genting HK US$ 51,792,000 Golden Agri 48,631,000 Sabana REIT 42,659,000 Liang Huat R 41,814,000 Transcu Grp 27,781,000 Mewah 18,961,000 China Hongxing 16,111,000 VALUE($) Genting SP 150,425,920 Keppel Corp 60,394,397 SembMar 57,203,703 UOB 55,800,144 DBS Grp 46,358,600 SingTel 44,146,434
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    • BROKERS’ TAKE
      • 317 8 Singapore Exchange NOV 29 close: $8.66 AMFRASER, Nov 29 ATTRACTIVE trading chances have appeared with the approach of December the month which had seen gains almost all the time. Some technical indicators are bearish but have reached a point where they should turn up soon as the stock
        317 words
      • 203 8 Nov 29 close: $0.425 DBS GROUP RESEARCH, Nov 29 MERMAID’S FY2010 revenue of 3.5 billion baht, down 33 per cent y-o-y, was in line with expectations on weak utilisation rates across its subsea and tender rig fleet. However, net loss (pre-ex) of 639 million baht was
        203 words
      • 411 8  -  Nov 29 close: $0.415 KIM ENG RESEARCH, Nov 29 Compiled by JOYCE HOOI ASIATRAVEL.COM’S (AST’s) FY September 2010 results came in below expectations with lower net profit of $1.6 million despite higher revenue of $82.0 million. The disappointing performance was due to higher operating expenses arising from aggressive
        Source: Bloomberg  -  411 words
    • 547 8 CURRENCIES Reuters [LONDON] The euro fell to two-month lows against the dollar yesterday as investors looked past a rescue package for Ireland to debt problems in other peripheral eurozone economies and sold the currency on any bounce. European Union finance ministers endorsed an
      Reuters; AP  -  547 words
    • 111 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 193.3 1.1 DBXT FTVietnam 10US$ 3430 113.1 2.6 DBXT MSJAP 10US$ 3839 59.2 1.2 DBXT MSTaiwan 10US$ 1821 32.9 1.4 DBXT DBLCI-OY 5US$ 3652 30.3 0.6 DBXT CSI300 10US$ 1095 17.1 1.2 GLD 10US$ ***** 13.2 0.1 Keppel Corp 1092 12.0
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    • 116 8 BY CENTS CLOSE DOWN DBXT MSAsExJp 10US$ 3218-370.8 -8.1 IS S&P500 *****-113.1 -0.7 DBXT AUDMM 5SG$ *****-101.0 -0.4 Jardine C&C 3708 -64.0 -1.7 DBXT MSUSA 10US$ 2831 -50.0 -1.3 SIA.ES.1011 1550 -40.0 -2.5 CityDev.ES.1011 1226 -38.0 -3.0 Lyxor India Nifty 10 1680 -26.0 -1.5 STXPO 100 1366 -24.0 -1.7
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    • 5 8 DAILY
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  • SINGAPORE NEWS
    • 566 10  -  It says package of decisions must result in a legally binding future global pact By JOYCE HOOI SINGAPORE will be throwing its weight behind the “balanced package” approach at the ongoing 16th Conference of the Parties of the United Nations Framework
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    • 351 10  -  Buffett, Gates lead the ranks with their global charity drive By LINETTE LIM Source: WARREN Buffett and Bill Gates have topped the Foreign Policy magazine list of “Top 100 Global Thinkers in 2010”. On a quest to convince the world’s wealthiest
      Source:; Photos: Reuters, AFP, NUS  -  351 words
    • 453 10  -  By CHUANG PECK MING BONUSES and pay hikes are definitely back firmly on the agenda in the private sector, which is probably taking the cue from the civil service. Bosses, who as late as July-September were still showing hesitancy in their approach
      453 words
    • 82 10 OCBC and Spectrum Worldwide, in partnership with Caltex and Radio 91.3, will distribute 50,000 car decals and 2,000 cycling jerseys in a safe-cycling campaign. Motorists spotted with the “1.5M Matters. Share the Road” car decals from now until Dec 18 stand a chance to win $200 Caltex StarCash.
      82 words
    • 334 10  -  The oil and gas event, showcasing more than 1350 exhibitors, is the biggest By JOYCE HOOI OSEA 2010, Asia’s oil and gas exhibition and conference will be the biggest one yet, taking up a record 25,000 square metres of exhibition space at Suntec Singapore
      334 words
    • 383 10  -  By RONNIE LIM JURONG Aromatics Corporation (JAC) has secured bank backing for its recently relaunched US$1.56 billion debt financing package, BT has learnt. And, with this final hurdle cleared, the consortium is set to begin building its mega US$2.4 billion petrochemicals complex
      383 words
    • 293 10 EDB Investments (EDBI) has acquired a stake in Germany-based water treatment solutions company Triton Water, which will facilitate the company’s plans to establish a presence in South-east Asia. EDBI will also get a seat on the company’s supervisory board. EDBI declined to reveal
      293 words
  • Page 10 Advertisements
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    • 191 10 m Legend of the Seas OT3 K n V S» 2-NIGHT MALACCA WEEKEND CRUISE ■Singapore]Depa rture:.2Q1 1' Jan 8 3-NIGHT BEST CRUISE Singapore Departures: 2010"Dec 20"2011' Jan 14, 21, Feb Ports-of-call: Singapore #Chinese New Year sailing. Penang Port Klang (Kuala Lumpur) 4-NIGHT ISLES OF SOUTHEAST ASIA CRUISE Singapore Departures: 2010'
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    • 4 10 OSEA 2010, Pages 22-24
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  • Page 11 Advertisements
    • 658 11 A special feature brought to you by Catchthebuzzat PunggolCentral Fast shaping up as a waterfront town, Punggol offers property developers new opportunities to build an iconic landmark offering unique shopping, living and lifestyle experiences by the waters BY KIMBERLEY KOH Illustrations are artist’s impressions. Actual development may differ. Punggol, Singapore’s
      658 words

  • SME Inc
    • 972 12  -  Operator of preschool centre takes advantage of the franchise model to grow, reports MIAK AW HUI MIN MIAK AW HUI MIN SPENDING his days surrounded by the noise of overexcited toddlers was not what Lee Say Yeow had in mind when he was studying for his
      ARTHUR LEE  -  972 words
    • 748 12 ASK THE PROF Q: I have very talented people in my team and would like them to grow with the company. What can I do? A: The greatest challenge with talented staff is in motivating and retaining them. So, identify and nourish
      748 words
    • BRIEFLY SPEAKING
      • 63 12 DEVELOPMENTAL consulting firm Vector Scorecard Asia-Pacific Pte Ltd was presented with an innovation award by Malaysia’s Ministry of International Trade and Industry (MITI) recently. The award recognises Vector’s contributions to innovative SME solutions and business strategies in the region. It was given out at the
        63 words
      • 114 12 PREVIOUS top Enterprise 50 (E50) winner Franklin Offshore Holdings will hold a one-day in-house exhibition on Dec 2 to showcase its research and development efforts, innovations, projects and services. The event ties in with the annual OSEA-Asia exhibition that is being held at Suntec City
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      • 71 12 SINGAPORE’S Wee Nam Kee Hainanese Chicken Rice Restaurant has opened an outlet in the Philippines. The outlet is managed by master franchise holders Linfred Yap and Weiser Co, whose team came to Singapore to undergo intensive training under the direction of Wee Nam
        71 words
    • 971 13  -  RFID technology enables pallet leasing firm Kim Hiap Lee to overcome problem of lost pallets, reports TIMOTHY SEOW TIMOTHY SEOW UNTIL the first quarter of this year, wooden pallet leasing company Kim Hiap Lee (KHL) faced a troublesome problem. Whenever the company leased out
      YEN MENG JIIN  -  971 words
    • 746 14  -  Policymakers must step in where the private sector fails to serve the industry COMMENTARY By QIAN MEIJUN The writer is an assistant professor at NUS Business School. Her research covers comparative financial systems, financial institutions, corporate governance, mutual funds and financial issues in China and India
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    • 587 14  -  Govt incentives attract S’pore firms, MNCs to the region By ELAINE NG LOOKING down on hilly Chongqing, you might mistake the sprinkling of city lights with Jialing River running through the city for the night view of cosmopolitan Hong Kong, a city with similar
      YEN MENG JIIN  -  587 words
    • 1475 15 THIS WEEK’S TOPIC Is your company experiencing difficulty bringing in more foreign employees especially those on the S Pass and work permit? If so, what are you doing to mitigate or overcome the situation? If not, what do you think your firm has done right to bypass the
      1,475 words

  • Page 13 Advertisements
    • 21 13 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      21 words
    • 262 13 uaueuR "Just the ingredients I need to take my creations further." David Yim, Chief Milkman, Udders Ice Cream MdrtaobeUtHi ilik>u£ wi .Twoia L»WV£ feiHe" SW&sApeL VocAV^Ps /eCtatr L 2 sT\ cbawa!\1 V SHM j r m H am S Mii 4 I m fc4C<V<Al GirapeTe s» 8 •v m BS
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  • Page 14 Advertisements
    • 128 14 u Inaugural .We Welcome a Families Awards CALL FOR NOMINATIONS honouring businesses with exemplary measures to welcome families as their customers The 'We Welcome Families' Awards, introduced by the Businesses for Families Council, is the pinnacle award of excellence to encourage businesses to cater to families. The Businesses for Families
      128 words
    • 75 14 For the rest of the story, get the latest issue of The SME Magazine, produced by The Business Times. Read more about the opportunities that are available in China’s West and the local SMEs that have made inroads there. Also in the current issue are stories on Sia Huat, Julia
      75 words

  • Page 15 Advertisements
    • 112 15 Voices Next week’s topic: “Health Minister Khaw Boon Wan recently said that SMEs may get more funding for Workplace Health Promotion (WHP) programmes, which was recommended by the National Tripartite Committee on Workplace Health. Will this encourage more SMEs to take up WHP? Which areas would your firm spend the
      112 words
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  • ECONOMY WATCH
    • 825 16 It improves Japan’s terms of trade through a decline in import prices Reuters AFP [TOKYO] Bank of Japan governor Masaaki Shirakawa yesterday said that the strong currency could have a positive effect on the economy, despite complaints from exporters about the yen’s
      Reuters; AFP; BLOOMBERG  -  825 words
    • 603 16 Germany’s growth counters fears over sovereign debt woes Bloomberg [ZURICH] European confidence in the economic outlook improved to the highest in three years in November as Germany’s ex-port-driven growth helped counter concerns that a spreading sovereign-debt crisis will hurt the recovery. An index
      Bloomberg; AFP  -  603 words
    • 317 16 AFP [MADRID] Spain’s annual inflation rate slowed to 2.2 per cent in November from a two-year high of 2.3 per cent a month earlier, official data showed yesterday. The National Statistics Institute (INE) said the dip was due to “fuel prices which
      AFP  -  317 words
    • 568 16 They return 0.8% this month on slower inflation Bloomberg [NEW DELHI] India’s bonds are headed for the best month since May as a third consecutive quarter of economic growth above 8 per cent allows the government to cut its budget deficit and
      Bloomberg  -  568 words
    • 349 16 Reuters [STOCKHOLM] Sweden’s economy expanded at a record pace in the third quarter, data showed yesterday, further widening the growth gap between the Nordic country and most of its European peers and boosting the case for near-term rate hikes. Its economic health stands
      Reuters  -  349 words

  • MALAYSIA
    • 508 17 Lack of a rating will hurt demand for the Islamic bond issue, say industry players Bloomberg [KUALA LUMPUR] Dubai’s proposed sale of as much as US$1.5 billion of Islamic bonds in Malaysia won’t appeal to most local funds unless the emirate obtains a
      Bloomberg  -  508 words
    • 299 17 AFP [KUALA LUMPUR] Former Malaysian prime minister Mahathir Mohamad yesterday came out against government plans to build a 100-storey mega-tower in the capital, which have already sparked an outcry on Facebook. After initially supporting the project, Dr Mahathir said the US$1.6
      AFP  -  299 words
    • 533 17  -  By S JAYASANKARAN MALAYSIA’S consumer price index (CPI) rose 2 per cent in October from a year ago, up from the 1.8 per cent in September. On a seasonally adjusted basis, according to Barclays Capital, CPI rose 0.46 per cent month-on-month in October,
      FILE PHOTO  -  533 words
  • Page 17 Advertisements
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      180 words

  • GREATER CHINA
    • 518 18 Existing channels and products are not very easily accessible: analyst Reuters [SINGAPORE] Gold industry officials gather this week in Shanghai to seek ways to satisfy the fast-growing investment demand from China’s investors, as the country gears towards overtaking India as the
      Reuters; FILE PHOTO  -  518 words
    • 357 18 Bloomberg [SHANGHAI] China sold all the aluminium ingots it offered from the state reserve at below market prices, according to the result of a tender posted yesterday on the website of the National Development and Reform Commission. A total of 117,671
      Bloomberg  -  357 words
    • 277 18 Bloomberg [BEIJING] Chinese officials have signalled that the country is getting closer to establishing a legal framework for an international board that would allow foreign companies to sell shares on the nation’s exchanges. The securities regulator is “actively studying” the introduction of an
      Bloomberg  -  277 words
    • 347 18 Bloomberg [BEIJING] China may sell more bills to drain cash from the financial system as central bank data signals that the nation’s world-record US$2.65 trillion foreign-exchange reserves are climbing. “We can sell bills to soak up liquidity,” Ma Delun, a deputy
      Bloomberg  -  347 words
    • 403 18 Bloomberg [HONG KONG] Financial Secretary John Tsang said that Hong Kong will face higher inflation next year as it attracts more capital because of US monetary easing policies, and the appreciating Chinese yuan increases food costs. The US measures may
      Bloomberg  -  403 words
  • Page 18 Advertisements

  • INDIA
    • 376 19 Nation’s largest insurance firm, some state-owned banks involved Bloomberg [MUMBAI] Eight Indian financial executives were to appear at a special court hearing yesterday as part of an investigation into bribes and improper loan disbursements at the nation’s largest insurance company and
      Bloomberg  -  376 words
    • 275 19 Bloomberg [MUMBAI] F&C Asset Management plc, a UK fund that owns shares in India’s largest software services company and mortgage lender, is holding on to the investments because the companies will be sheltered from corruption probes that drove a three-week
      Bloomberg  -  275 words
    • 260 19 He wants conversations from phone taps to be kept private Bloomberg [New Delhi] Ratan Tata, the chairman of India’s Tata Group, filed a petition in the country’s top court yesterday, seeking to amend a century-old law and stop phone conversations between him and the founder
      Bloomberg  -  260 words
  • Page 19 Advertisements
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  • WORLD
    • 774 20  -  Capital helps finance banks, infrastructure projects in emerging East Asia, it says By ANTHONY ROWLEY ASIAN bond markets especially corporate bonds in China, Indonesia and Singapore are booming on the back of foreign capital pouring into the region in search of high returns, according
      774 words
    • 520 20 Bloomberg [NEW YORK] The average shopper in the US spent 6.4 per cent more over Thanksgiving weekend than last year as more shoppers picked up jewellery and toys, heartened by the economic rebound. About 212 million shoppers went to stores and websites over
      Bloomberg; AFP  -  520 words
    • 506 20 Deficit for current fiscal year expected to be little changed Bloomberg [LONDON] The British economy faces a “sluggish” recovery in the medium term and will grow more slowly over the next two years than previously forecast, the Treasury’s fiscal watchdog said. The Office
      Bloomberg; BLOOMBERG  -  506 words
    • 502 20  -  Developing nations need to be different to succeed: Abhisit By in LEE U-WEN DEVELOPING countries can no longer rely on their own resources or cheap labour to succeed in today’s globalised world. Rather, said Thai Prime Minister Abhisit Vejjajiva, they need to boost their
      502 words
    • 322 20 Reuters [LONDON] Cash-strapped governments can no longer raise spending to improve health care at the breakneck pace of recent decades, so they must make systems more efficient to offer quality care at no extra cost, the Organisation for Economic
      Reuters  -  322 words
    • 143 20 Reuters [NEW YORK] US drug wholesaler Cardinal Health Inc yesterday said it has bought a Chinese distributor for US$470 million, establishing a foothold in a booming pharmaceutical market. Cardinal announced the completion of the deal for privately held Zuellig Pharma China, known locally
      Reuters  -  143 words
    • 699 21 Shortage in West could become a crisis as experienced workers retire Reuters [OLKILUOTO, Finland] On a flat, low-lying island nestled in crisp waters off the west coast of Finland, the first nuclear power plant ordered in Western Europe since 1986 is inching towards
      Reuters; REUTERS  -  699 words
    • 345 21 Bloomberg [DUBAI] Dubai Holding Commercial Operations Group LLC, a real estate and hospitality group owned by the emirate’s ruler, is seeking a one-month extension on a US$555 million revolving credit line to get more time to agree on new terms, two people with
      Bloomberg  -  345 words
    • 539 21 AP [LOS ANGELES] Actor Leslie Nielsen had the sombre demeanour and stone-seri-ous face that were just right for dramatic roles. They proved even better for comedy. “Surely you can’t be serious,” an airline passenger says to Nielsen in Airplane! the 1980
      AP; REUTERS FILE PHOTO  -  539 words
    • 213 21 AFP [JOHANNESBURG] Wal-Mart plans to buy a controlling stake in South African wholesaler Massmart for over US$2.0 billion after scaling back its offer for the company’s entire stock, Massmart said yesterday. “The total transaction is valued at approximately 17 billion rand (S$3.14
      AFP  -  213 words
    • 235 21 AFP [PARIS] French insurer Axa said yesterday it had reached an agreement with Australian group AMP on control of Axa’s Asian unit Axa Asia Pacific Holdings (Axa APH). It said the accord had been unanimously backed by Axa APH independent directors.
      AFP  -  235 words

  • Page 21 Advertisements
    • 221 21 NANYANG TECHNOLOGICAL UNIVERSITY NORWEGIAN SCHOOL OF MANAGEMENT SCHOOL Nanyang Business School NANYANG EXECUTIVE MBA Global Leadership for the Asian Century NBS's flagship MBA programme ranked #1 in Singapore and #27 Worldwide. (2010 Financial Times Global MBA Rankings] »r Class of 2009/10 Nanyang Executive MBA in Energy Offered in partnership with
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  • OSEA2010
    • 1295 22  -  E&P industry players see a number of upcoming challenges as well as plenty of regional opportunities for the industry in the coming 12 months. RONNIE LIMreports RONNIE LIM UNCERTAINTY in financial markets, like the latest debt crisis in eurozone economies, as well as possible tightening of environment
      REUTERS FILE PHOTO  -  1,295 words
    • 862 23  -  The new Offshore Marine Centre, which will be up and running by next Nov, will supplement E&P support services currently provided by firms at Loyang Offshore Supply Base in the east. RONNIE LIMreports RONNIE LIM SINGAPORE’S new Offshore Marine Centre (OMC) will further boost support facilities here
      862 words
    • 961 24  -  The E&P field for oil and gas players is fraught with challenges but the outlook for the rigbuilders that support them is far brighter, reports JOYCE HOOI JOYCE HOOI WHILE the exploration and production (E&P) field for oil and gas players might be fraught with challenges after
      961 words
  • Page 22 Advertisements
    • 80 22 OSEA2010 The 18th International Oil Gas Industry Exhibition Conference SINCE 1 976 Energise Asia's Oil and Gas Industry 30 Nov-3 Dec 2010 Suntec Singapore OSEA 2010 The 18th International Oil Industry Exhibition Conference GAYLIN Gaylin International Pte Ltd VISIT US AT BOOTH NO. 4 Q 3 0 1 SUNTEC SINGAPORE
      80 words

  • Page 23 Advertisements
    • 100 23 What you need, when you need it. Swire Oilfield Services supports the world’s largest fleet of DNV 2.7-1/ENV***** cargo-carrying units for the offshore energy market. Our range of containers and tanks is ideal for the transportation of goods and equipment to the most inhospitable parts of the world. With 30
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  • Page 24 Advertisements
    • 107 24 V SOSEA2010 V J The 18th International Oil Gas Industry Exhibition Conference SINCE 1976 www.osea-asia.com 30 Nov 3 Dec 2010 Suntec Singapore Exhibition Opening Hours: 10.30am 6.00pm Mf 1 feflflP mmmi JMJm W4 IS I® nN' Show Opens Today! 22,000 Oil Gas Professionals will be here. Will you? Level 3
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    • 89 24 igf-Og/fTT) m P irxrri-rz 5 www.g loba I processsystems.com Your Process Technology Partner 2* -w. Si T—5 Design Engineering Fabrication Commissioning > Onshore Process Facilities including: TEG, MEG, Separation, Recovery,Treatment > Offshore Fixed Platform Modules > Mobile Offshore Production Units > FPSOTopsides Modules > Offshore Platforms Jacket Structures > LPG
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  • AVIATION
    • 560 25 UK carrier plans more acquisitions as 99% of shareholders vote for the deal Bloomberg [LONDON] British Airways investors backed a US$9 billion merger with Iberia Lineas Aereas de Espana of Spain that will extend the UK company’s dominance of lucrative trans-Atlantic routes and close
      Bloomberg; AFP  -  560 words
    • 249 25 AFP [TOKYO] The head of Japan’s All Nippon Airlines (ANA) has voiced “great disappointment” at repeated delays by Boeing in delivering its hi-tech 787 Dreamliner, a report said yesterday. ANA, Japan’s second largest airline after troubled Japan Airlines, is to be the launch customer
      AFP  -  249 words
    • 169 25 Reuters [ISTANBUL] A third airport to be built in Istanbul will cost around US$5 billion and have a capacity of at least 60 million people, Turkey’s Transport Minister Binali Yildirim said yesterday. The airport tender would be for a “build-oper-ate-transfer” model
      Reuters  -  169 words
    • 173 25 Kazakhstan landing due to cabin pressurisation fault Bloomberg [HONG KONG] Cathay Pacific Airways Ltd, Hong Kong’s biggest carrier, said one of its Boeing Co 747-400s made an emergency landing in Kazakhstan after pilots detected a cabin pressurisation system fault. Oxygen masks were deployed on the
      Bloomberg  -  173 words
    • 278 25 Xinhua [LIMA] Peru is negotiating agreements for direct flights to China, Japan and South Korea from 2011, Peruvian Trade and Tourism Minister Eduardo Ferreyros said on Sunday. “We have had some preliminary talks, but in early 2011 we will make
      Xinhua  -  278 words
    • 3183 25 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 KU6458 1425 SQ458 1425 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 LO4031 0605
      3,183 words
    • 193 25 AFP [JAKARTA] Indonesia yesterday closed Malang city’s domestic airport as a volcano shot ash into the sky over eastern Java, posing a risk to planes, officials said. The airport, about 25 kilometres west of Mount Bromo, will be closed until Dec 4, transport ministry
      AFP  -  193 words
    • 3403 26 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
      3,403 words
  • Page 25 Miscellaneous
    • 329 25 CRYPTIC CROSSWORD Across 1 Looking pale, pocketed the last of father’s dough (6) 4 Student turfed out of Boston, for example, being a foreigner (8) 9 A doctor backing Lincoln’s simple form of life (6) 10 Former stage career that’s very demanding (8) 11 Expect to finish early and ruin
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  • Page 26 Advertisements
    • 27 26 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

  • SHIPPING/TRANSPORT
    • 304 27  -  Grants for projects to develop new uses for technologies in maritime industry By JOYCE HOOI THE Maritime and Port Authority of Singapore (MPA) and Temasek Polytechnic jointly launched a new maritime fuel cell research initiative, yesterday. This initiative which will be able
      304 words
    • 278 27 SGX '000 Nov 29 S$ +/-Vol CH Offshore 0.47 unch 457 Chuan Hup Hldg 0.22 unch 224 Cosco Corp 2.05 -0.01 7969 CWT Ltd 0.94 0.01 932 Ezra Hldgs 1.68 -0.01 3527 First Ship Lea 0.44 unch 613 Freight Links 0.08 -0.01 ***** Grand Banks unch unch 0
      278 words
    • 176 27 AFP [ANKARA] Pirates boarded a Turkish freighter in the Indian Ocean but abandoned the vessel after not being able to locate its crew who had hidden in a secret place, the authorities said in a news report on Sunday. Pirates attacked the August 26 on
      AFP  -  176 words
    • 173 27 Xinhua [JINAN, China] All 49 sailors aboard two foreign cargo ships that collided in the sea off east China’s Shandong Province early yesterday have been rescued, Chinese maritime authorities said. The Maritime Bureau in Weihai, a port city in Shandong, received reports yesterday
      Xinhua  -  173 words
    • 902 27 Move to counter Al-Qaeda’s new mail bomb strategy AP [NEW YORK] The UN agency that oversees aviation is pushing new guidelines for cargo security to counter Al-Qaeda’s new mail-bomb strategy, but is stopping short of calling for 100 per cent screening of packages,
      AP  -  902 words
  • Page 27 Advertisements
    • 29 27 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 TIMES
      29 words
    • 157 27 SOUTH EAST ASIA AND SOUTH ASIA AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE BUNKER ADJUSTMENT FACTOR (BAF) Arising from the regular review of bunker prices, the following Lines in the South East Asia and South Asia Australia Trade Facilitation Agreement wish to inform the trade that with effect from 1
      157 words

  • EDITORIAL & OPINION
    • 1054 28  -  It must focus on near-term challenges and also keep sight of longer-term opportunities GERARD LYONS The writer is group head of Global Research and chief economist a t Standard Chartered Bank THE world economy is in a super-cycle. This is a period of
      AFP  -  1,054 words
    • 778 28  -  THE BOTTOM LINE WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own MICHELIN just added to its roster of three-star eateries in Tokyo. More insights can be gleaned at the other end of Japan’s food
      778 words
    • 523 28 EDITORIAL A FINANCIAL crisis may have been averted in Ireland, but the fear of contagion remains very much alive in financial markets. Over the weekend, European Union finance ministers endorsed an 85 billion euro (S$147.1 billion) package to help Dublin cover bad bank debts and bridge its
      523 words
    • 1081 29  -  Govt’s failure to apologise for the mess created by it leaves the Irish angry and worried about their future HAZEL KATHERINE LARKIN The writer is an Irish journalist, broadcaster and co-editor of www.womensviewsonnews.org, a women’s daily online news and current affairs service HELD
      AFP  -  1,081 words
    • 850 29  -  PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT THE best thing about the Irish right now is that there are so few of them. By
      NYT  -  850 words
    • 400 29  -  LETTERS TO THE EDITOR Uantchern Loh President The Institute of Internal Auditors Singapore WE refer to the article “Making internal audit more consistent” (BT, Nov 15). We would like to provide clarifications on the practice of internal auditing raised in the article. The
      400 words
    • 163 29  -  Denis Distant I REFER to the article “FinaOne shares betray market mispricing” (BT, Nov 26), which compares the current valuation of FinaOne, the largest SME financier in Taiwan which is listed on SGX, with that of the second-largest financier, Taiwan Acceptance, which is listed
      163 words


  • SINGAPORE STOCKS
    • 8950 30 Transaction date: Nov 29 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 983 18.5 18.5 18.5 19 1.7 9.8 5.9 88.6 12 5 5834
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    • 1676 31 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 5 +0.5 10 5 5 4.5 5 27.8 4.8 225 130 6222 t APStrategic 168 +4
      1,676 words
    • 9454 31 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.3/ APS Alpha Fund (USD)!** 0.99/ 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
      9,454 words
    • 872 31 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 $mil 124 107 6389 ABF SG Bond ETF 112 111 125 511.3 1056 761 CIMBAsean40 100US$ US993 -2 385 994 988 993 994 39.7 335
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    • 255 31 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 $mil 56 38 6000 AVJennings A53 49.5 55 3.6 6.6 4.2 138 55 16 6017 Genting HK US$ US42.5 -0.5 ***** 43 41 42.5 43 2798.4
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  • FINANCE & COMMODITIES
    • 374 32 In local curr In S$ In US$ dy yr dy yr dy yr Nov 26 Index Change Change Change Change Change Change World Index Preliminary 860.6 -0.6 3.4 -0.1 -2.6 -1.1 3.6 EAFE Preliminary 778.6 -0.5 -0.8 -0.4 -6.7 -1.4 -0.7 Europe Preliminary 1137.5 -0.6
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    • 177 32 Nov 29 $S Offer Bid 0vernight 0.03 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.23 US$ Offer Bid 7 days 0.33 0.23 1 month 0.40 0.30 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
      177 words
    • 22 32 Nov 29 S$ Bid Offer 1-month 1.3150 1.3160 2-months 1.3150 1.3160 3-months 1.3150 1.3160 6-months 1.3150 1.3161 Source: OCBC
      22 words
    • 134 32 Nov 29 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 10 431.0 430.0 431.0 15 Jan 11 431.0 430.0 431.0 8 Feb 11 432.0 Mar 11 432.5 Apr 11 432.5 May 11 432.0 432.0 432.5 4 Jun 11
      134 words
    • 96 32 Nov 29 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 03.03.2011 0.38 1-Year BY*****N 01.11.2011 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.72 103.76 103.75 5-Year N*****0S 2.875 01.07.2015 107.36 7-Year N*****0Z
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    • 107 32 Nov 26 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1238.50 1255.00 1262.25 1235.75 Mar 11 1247.00 1262.75 1270.00 1243.50 May 11 1248.50 1263.25 1270.25 1245.25 Jul 11 1252.50 1266.25 1273.50 1247.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 10 49.90
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    • 77 32 CRUDE OIL PRODUCTS Nov 26 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 85.49 -0.86 WTI (Near Mth) 83.76 -0.47 Dubai (1-Mth F) 82.54 -0.64 Tapis blend 89.30 -0.50 Minas 84.75 -0.65 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 87.47 0.25 Jet Kerosene 98.00 0.25 US$/barrel Opec Oil
      77 words
    • 2498 32 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2 unch 411 1 3 -9 2.75 1 AFP Properties EW*****8 31 -1 583 1 10 -5 1.39 60 6221 Asia-Pacific Strategic W*****6 38 2
      2,498 words
    • 121 32 Nov 29 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.318 1.244 Can dollar 1.318 1.268 Euro 1.779 1.711 Sterling pound 2.095 2.015 NZ dollar 1.017 0.969 US dollar 1.339 1.288 Local dollars to 100 units of foreign
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    • 27 32 Nov 29 Open High Sett STI Nov 3164 SIMSCI Nov 370.0 373.6 372.0 Taiwan Nov 296.2 299.5 297.4 Source: MF Global (S) Pte. Ltd
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    • 63 32 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 10 3371 3437 3437 3371 219 1722 Jan 11 3324 3411 3415 3324 2302 ***** Feb 11 3276 3381 3390 3276 ***** ***** Mar 11 3276 3357 3365 3271
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    • 424 32 Nov 29 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6475 0 4857 Mar11 99.4700 0 4652 Jun11 99.3750 0 4114 Sep11 99.2850 0 2656 EUROYEN TIBOR FUTURES Dec10 99.6600 99.6600 99.6600 99.6600 500 4388 Mar11 99.6175 99.6300 99.6175 99.6250 0 1476 Jun11 99.6125 99.6125 99.6125
      424 words
    • 464 32 Nov 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.986 6.456 0.730 7.521 44.301 87.221 0.813 11.152 3.051 1.287 83.219 42.799 1.275 6.899 0.969 29.476 29.245 0.620 0.969 Canada 1.014 6.546
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    • 85 32 Nov 29 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 154 32 Nov 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2740 1.2751 0.9688 0.9689 Canadian dollar 1.2914 1.2932 0.9820 0.9827 Euro 1.7463 1.7479 1.3280 1.3282 NZ dollar 0.9898 0.9908 0.7527 0.7529 Sterling pound 2.0551 2.0573 1.5628 1.5633
      154 words
    • 139 32 Nov 29 GOLD (US$/oz) Nov 29 Nov 26 Hong Kong 1365.60 1367.00 Nov 26 Nov 25 London 1356.50 1372.70 1357.25 1373.50 Source: Thomson Reuters CAST BAR Nov 29 (S$) Selling Buying Kilobar 61,751.84 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 138 58 5gm 393 288 10gm 702
      139 words
    • 69 32 Nov 26 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2243.00 2253.00 3 months 2270.00 2281.00 Copper, Grade A (US$/tonne) Cash 8287.00 8388.00 3 months 8239.00 8340.00 Lead (US$/tonne) Cash 2258.50 2308.25 3 months 2280.00 2331.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • 82 32 Nov 26 COCOA (£/tonne) Close Prev High/Low Dec 10 1870 1847 1875/1845 Mar 11 1874 1847 1880/1846 May 11 1888 1861 1894/1861 Jul 11 1904 1875 1910/1879 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1800 1808 1829/1829 Jan 11 1816 1829 1828/1805 Mar 11 1835 1847 1846/1823 May 11
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  • PROPERTY
    • 468 33 Average rents reached a record high of US$8,000 in 2007 Bloomberg [ST PETERSBURG] Moscow luxury-home rents will rise about 15 per cent next year as the expanding economy and a government plan to attract foreign technology companies fuels demand, Penny Lane Realty said.
      Bloomberg  -  468 words
    • 481 33 Bloomberg [LONDON] UK house prices fell for a fifth month in November as demand for property dropped the most in almost two years, Hometrack Ltd said. The average cost of a home fell 0.8 per cent from October to £155,000 (S$320,668), the Londonbased
      Bloomberg  -  481 words
    • 528 33 Bloomberg [LONDON] UK mortgage approvals fell to an eightmonth low in October, a sign the slowdown in the property market is intensifying. Lenders granted 47,185 loans to buy homes, compared with 47,369 in September, the Bank of England said here yesterday.
      Bloomberg; BLOOMBERG  -  528 words
    • 239 33 Reuters [LONDON] British real estate asset manager Warner Estate Holdings said yesterday that investor sentiment in the property market had worsened as a result of economic uncertainties in the UK and eurozone. “The improvement in sentiment in the property market in the early
      Reuters  -  239 words
    • 283 33 Reuters [DUBAI] The chairman of Emaar Properties, the United Arab Emirates’ largest listed property firm and builder of the world’s tallest tower, said yesterday the company had no intention of tapping the bond market again in 2010 or selling new shares
      Reuters  -  283 words
    • 477 35  -  Drop was caused by falling prices in the central and non-central locations By UMA SHANKARI PRICES of non-landed private homes fell 0.7 per cent in October, according to the monthly index compiled by the National University of Singapore (NUS). NUS’ Singapore Residential
      477 words
    • 309 35  -  By FELDA CHAY THE Urban Redevelopment Authority (URA) yesterday released the detailed sales conditions for two industrial sites: one at Kaki Bukit and another at Tuas View Square. These are two of the four new industrial sites to be released for sale
      309 words
    • 305 35  -  By NISHA RAMCHANDANI UPCOMING commercial development Asia Square will incorporate a 300,000 square foot, five-star business hotel, which will span 15 floors within one of its towers. The 306-room hotel, which will be launched in 2013, will be managed under the Westin brand
      305 words
    • 249 35 JTC Corporation has awarded a total grant of $900,000 to fund three research projects which are aimed at improving the environmental sustainability of its industrial parks. Of the three projects, two were submitted by Nanyang Technological University (NTU) and one by the
      249 words
    • 327 35  -  By FELDA CHAY THE Housing and Development Board (HDB) is launching a tender for a mixed commercial and residential site in Punggol Town Centre the first site sale along the Punggol Waterway and industry watchers expect the site to see healthy interest. Located
      327 words
  • Page 33 Advertisements
    • 22 33 plummet China-made cars in dire straits as COE premiums rise f m ilE s« To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      22 words
    • 32 33 The Octagon Strata Office for Sale Attractively priced prime CBD office space Freehold Strata area 6,049 sf Refurbished unit Partially tenanted Mins walk to Raffles Place MRT station Business Space 6293 3228
      32 words
    • 62 33 KnightFrank.com.sg Soft Launch on 8, 9 10 Dec 2010 (Now Open for Booking) New Concept Business Space (B1 Clean Light Ind) 60 years leasehold from 2010 Sizes from 900 sq ft to 2000 sq ft Mins away from Yishun MRT Station/SLE/TPE/CTE Sole Marketing Agent Call 9380 8800 A’ Posh BizHub
      62 words
    • 21 33 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg
      21 words

  • INDUSTRIAL SPACE
    • 978 34  -  Its efficient building features seek to take full advantage of the surrounding natural resources, reports UMA SHANKARI UMA SHANKARI A CLUSTER of cleantech R&D, engineering, and headquarters activities will come together under one roof at CleanTech One once the building is completed in December
      978 words
  • Page 34 Advertisements
    • 220 34 Shop Dine Fusionopolis 5, m m :r? Mm ''v: veSTati wv\ xSS IHggiSI **> T «?>£>. il i5 BLACK CANYON COFFEE I 23(S5 ■?r^! r fev!SS2^SSSk.- m= MARKET PLACE one-north '"*< B ?rfs wm «,s» wl ar > 07 mm 9 A® Fusionopolis 1 Fusionopolis Way, Connexis, (S)*****2 PC FREE
      220 words
    • 7 34 This series is brought to you by
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  • Page 35 Advertisements
    • 143 35 central PRIME OFFICE SPACE FOR LEASE SIB* m m 1 Unit size of 2,594 sq ft or whole floor unit of 13,337 sq ft Above Clarke Quay MRT Station 1 Panoramic views of the Singapore River and Marina Bay 1 Gymnasium and pool facilities available For leasing enquiries, please call:
      143 words
    • 170 35 COLLECTIVE SALE ASIMONT BARKER (7,9 11 ASIMONT LANE) Ideal for redevelopment into a low rise prime residential project. Residential Zone: 2-storey mixed landed Site Area: 4007.5sm (43,138 sq ft) approx. Title: Freehold Located along the prime end of Bukit Timah and Newton Road vicinity. Site is close to prime schools:
      170 words
    • 303 35 Colliers INTERNATIONAL FOR SALE Northern Territory Cattle Station Ban Ban Springs Adelaide River, NT, Australia Ban Ban Springs Station was the Northern Territory's first registered cattle station in the 1880s and is one of the Territory's most appealing and accessible medium sized cattle stations 1,873 square kilometres (approx) with extensive
      303 words

  • LEADERS' PERSPECTIVE
    • 1420 36  -  This involves building friendships, speaking the language and understanding the culture, renowned architect Liu Thai Ker tells CHEN HUIFEN CHEN HUIFEN ANYONE who has not been to China in the last six months should be automatically disqualified from commenting on the country, according to renowned architect Liu
      1,420 words
  • Page 36 Advertisements
    • 172 36 THE FIRST PRINCIPLE OF LEADERSHIP ACCEPT NO COMPROMISE. In business and in pleasure, leaders set exacting standards for others to follow, and goals to exceed. Meet your equal in the BMW 7 Series, a statement of the finest craftsmanship ever to grace an automobile. Where every detail is meticulously considered,
      172 words
    • 7 36 This series is brought to you by
      7 words