The Business Times, 28 June 2011

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Total Pages: 68
1 36 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, June 28,2011
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  • 832 1  -  Big supply of offices and homes on its way on plum sites with $11b development value By LEE U-WEN and JAMIE LEE [SINGAPORE] The historic land deal between Singapore and Malaysia, whose details were released yesterday, could have huge implications for the property
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  • 144 1 HST INDEX 3,048.28 (-18.57) H ST INDEX FUTURES 3,048 (-19) H SIMSCI 352.15 (-2.52) H SIMSCI FUTURES 351.90 (-2.50) FOREX US$ S$ US$ (S$ per US$) 1.243 (US$/S$ per 1.594 1.981 EURO (US$/S$/E) 1.414 1.757 Foreign currency per US$ S$ YEN 80.80 65.00 RM 3.060 2.462 HK$ 7.788
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  • 624 1  -  Reprieve may be temporary even if austerity bill passes By NEIL BEHRMANN in London EUROPEAN currency, stock and bond markets were uncertain yesterday ahead of the Greek Parliament’s vote on the draconian 28 billion euro (S$88 billion) austerity bill. If Greek Prime Minister
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  • Page 1 Advertisements
    • 107 1 COMMENTARY Why markets are now so difficult to forecast PAGE 22 PROPERTY River Valley Rd walk-up sold for $70.5m PAGE 31 SME Inc More nurturing for S’pore farming PAGE 12 Don’t miss the 36-page supplement on the Asia Pacific Entrepreneurship Awards 2011 that comes with today’s copy of The Business
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    • 10 1 COMPANIES Maersk ups fleet as NOL eyes Asia-Europe routes PAGE
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  • TOP STORIES
    • 502 2 Historic land deal may shift the landscape THE historic land deal between Singapore and Malaysia, whose details were released yesterday, could have huge implications for the property sector and even the financial world. FRONT PAGE Europe holds its breath before Greek exam EUROPEAN currency, stock and bond markets
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    • 767 2  -  50-50 venture to carry out projects valued at an estimated RM3b By LEE U-WEN [SINGAPORE] Just over a year after they first joined hands to explore business opportunities in Johor’s Iskandar Malaysia, Temasek Holdings and Khazanah Nasional yesterday announced that they have
      AFP  -  767 words
    • 368 2  -  By LYNN KAN [SINGAPORE] Asian companies with a large exposure to Europe in their revenue and assets could see stock prices underperforming if the euro’s structural problems keep hogging headlines, RBS analysts have cautioned in a report. They advised investors to avoid
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    • 464 2 Reuters [PARIS] The French government and banks have agreed on a proposal to make a Greek debt rollover more palatable to creditors, a banking source said on Sunday, confirming a report in Le Figaro newspaper. Under the plan, creditors would reinvest 70 per cent
      Reuters  -  464 words
    • 835 3 Report also warns of repayment risks, a reliance on land sales and stocks Bloomberg [BEIJING] China’s first audit of local government debt found liabilities of 10.7 trillion yuan (S$2.05 trillion) and warned of repayment risks, including a reliance on land
      Bloomberg; AFP  -  835 words
    • 724 4  -  It says scenario is not likely to happen in 2013/14, citing ‘severe shortage’ By UMA SHANKARI [SINGAPORE] Citigroup believes that the expected surge in the supply of new HDB flats and private homes over the next few years will not lead
      ST FILE PHOTO  -  724 words
    • 605 4  -  By S JAYASANKARAN in Kuala Lumpur ACCELERATING inflation data in May is likely to prompt Malaysia’s central bank to hike interest rates by at least 25 basis points in its next monetary meeting on July 7. Inflation as measured by the
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    • 673 4 [LONDON] Chinese Premier Wen Jiabao and British Prime Minister David Cameron signed trade deals worth £1.4 billion (S$2.8 billion) at a summit yesterday as Mr Wen batted away questions about his country’s rights record. The two men shook hands for the
      AFP  -  673 words
  • Page 2 Advertisements
    • 100 2 COMMERZBANK O What I need is European expertise, delivered locally I II y v Corporates Markets Commerzbank Corporates Markets is harnessing its European expertise in trading, structuring, research and corporate finance solutions for our clients across Asia. As a leading bank at the heart of Europe's largest economy, we've built
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  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 208 4 Singaporean-German Chamber of Industry and Commerce Deutsch-Singapurische Industrie- und Handelskammer Baden-Wuerttemberg Health Care Forum Singapore "Innovations from the German Southwest" on 4 th July Organised by Singaporean-German Chamber of Industry and Commerce (SGC) Do not miss this opportunity to get valuable insight in new technologies and industry trends. Establish new
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  • COMPANY NEWS
    • 696 5  -  It exercises option to buy 10 more huge vessels after NOL orders 10 big ships By JOYCE HOOI THE battle for market share over the Asia-Europe trade is set to become even more contentious. Even as NOL Group confirmed its order for
      BLOOMBERG FILE PHOTO  -  696 words
    • 581 6  -  SGX advises firms to follow its guide on reporting social, environmental risks Reports by JAMIE LEE TOO few listed companies here are reporting their environmental, social and governance risks, the Singapore Exchange (SGX) signalled yesterday at the launch of its sustainability reporting
      FILE PHOTO  -  581 words
    • 456 6 Meanwhile, HK brokers want return to four hours of trading, from five now IT’S just a matter of time before the lunchtime break splitting trading into two sessions is scrapped but the Singapore Exchange (SGX) is keeping mum on when it will
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    • 484 6 It aims to increase current 27-30% share in China Reuters [SINGAPORE] The Chinese market for drug-eluting stents, used to treat blocked arteries, is estimated to be worth more than US$1 billion by 2014, and Singapore’s Biosensors International aims to increase its current 27-30
      Reuters  -  484 words
    • COMPANY BRIEFS
      • 42 6 ARTIVISION Technologies said yesterday that Tembusu Growth Fund has ceased to be a substantial shareholder. The fund’s stake in the company dropped from 11.22 per cent to 4.97 per cent following open-market sales last Friday.
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      • 62 6 WAREHOUSE owner Global Logistic Properties (GLP) has signed a strategic partnership framework agreement with Japan-based manufacturer Unicharm to help the latter develop its logistic facilities in China. GLP, which owns warehousing facilities in Japan and China, will help Unicharm in site selection, project
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      • 69 6 KS Energy Ltd said that its wholly owned subsidiary, Atlantic Rotterdam, has secured a one-plus-one-year bareboat charter contract worth up to 12 million euros (S$21.3 million) (including the one-year option) for its jack-up offshore accommodation rig Atlantic Rotterdam. The rig will be deployed
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      • 118 6 FREIGHT Links Express Holdings reported its net profit for FY 2011 rose 17.6 per cent to $16.29 million, from $13.9 million in FY 2010. Revenue for the full year ended April 30, 2011, rose 22.5 per cent to $154.13 million, from 125.8 million in
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      • 55 6 COSCO Corporation announced that Wang Xing Ru, general manager of Cosco Shipyard Group, its 51 per cent owned subsidiary, has resigned with effect from last Friday. The company has appointed Wang Yu Hang, managing director of Cosco Shipbuilding Industry, to take over as the new
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    • 328 10  -  It will construct 654-unit Eight Courtyards near Yishun MRT station By CARINE LEE KSH Holdings has won a $138.4 million contract to construct Eight Courtyards a 99-year leasehold condominium development near Yishun MRT station. The construction, property development and property management group was awarded the
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    • 479 10  -  COMMODITIES By MICHELLE TAN GLOBAL investor and central bank demand will support gold prices, underpinned by Asian demand for jewellery in the short to medium term, says Bank Sarasin. Viewed as an effective hedge against an uncertain economic climate, gold has seen its value appreciate
      AFP  -  479 words
    • 746 10 Bloomberg [LONDON] Commodities will rebound from the worst losing streak since the end of 2008 because shortages of everything from copper to palladium to corn will boost prices even if economic growth slows, should history be a guide. The benchmark Standard Poor’s GSCI index
      Bloomberg  -  746 words
  • Page 5 Advertisements
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  • Page 6 Advertisements
    • 1109 6 :»ATci NOTICES BUY IT• SELL IT• FIND IT IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF THE CONSUMER GOODS FORUM PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****7587K Extract of the Minutes of the Extraordinary General Meeting of THE CONSUMER GOODS FORUM
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    • 77 6 CRUDE OIL FOR SALE A certified Oil trader is offering Forcados/Bonny Life for sale Products are available on FOB and Tanker Takeover-Transfer. Minimum Order is 1 million Barrels Term and Spot deals available Competitive Pricing with heavy discounts (Below market rate) Hasslefree and Transparent process Also available is gasoline marketing
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  • SINGAPORE MARKETS
    • 595 8  -  Poor volume and weak prices in local market; ST Index stays in the red throughout the day STOCKS R SIVANITHY Senior Correspondent THERE were no surprises in yesterday’s trading session as stocks weakened in low volume, dragged lower by US economic and European
      Source: Bloomberg  -  595 words
    • 4 8 DAILY
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    • 66 8 Jun 27 VALUE CLOSE BT OB/OS -358.00 +138.0 BT CADI -*****.00 -76.0 BT 10-day MA -*****.00 -35.00 FTSE ST Mid Cap 733.83 -1.33 FTSE ST Small Cap 509.59 -1.26 FTSE ST All Share 745.86 -3.87 FTSE ST China Top 249.17 -1.15 FTSE ST China 286.78 -0.25 FTSE
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 4 0 0 0 5 7 4 Manufacturing 31 47 71 1 3 10 32 50 81 Commerce 15 20 20 0 3 3 15 23 23 Tpt/Stor/Comms 10 21 10
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    • 222 8  -  June 27 close: $2.72 Kim Eng Research, June 27 BROKERS’ TAKE Compiled by JOYCE HOOI WE VIEW Olam’s recent equity-rais-ing exercise in a negative light because of the high discount offered, which we deem to be dilutive to minority shareholders. The placement to institutional investors and Temasek constituted
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    • 121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 31,575 31,575 51,877 51,877 Manufacturing 176,612 6,273 182,885 152,212 129 152,341 Commerce 54,909 4,345 59,254 100,600 1,493 102,093 Tpt/Stor/Comms 127,234 20,127 147,361 274,284 2,200 276,484 Finance 20,084 20,084 166,308 166,308 Construction 57,859 3,631 61,490 17,631
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    • 113 8 Stock name Close Change Stock name Close Change CapMallsAsia 1.440 -0.020 CapitaLand 2.880 -0.040 CapitaMall 1.890 -0.010 CityDev 10.460 -0.140 ComfortDelGro 1.410 -0.010 DBS Grp 14.280 -0.120 F&N 5.610 -0.080 GLP 1.980 +0.010 Genting SP 1.900 -0.020 Golden Agri 0.675 -0.005 HK Land 7.050 -0.050 JMH
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    • 499 8 CURRENCIES Reuters [NEW YORK] The euro fell against the dollar yesterday, ahead of a key vote this week by the Greek Parliament on austerity measures. While the euro had been swinging between gains and losses it fell firmly into the red after
      Reuters; AP  -  499 words
    • 55 8 VOLUME PSL Hldgs 50,739,000 SingTel 47,845,000 Genting SP 26,177,000 Golden Agri 25,644,000 Yangzijiang 24,563,000 Uni Envtech 24,185,000 Gallant 17,996,000 Hartawan 17,594,000 SunVic 16,133,000 Dyna-Mac 14,265,000 VALUE($) SingTel 146,884,338 UOB 61,433,548 Genting SP 49,650,150 DBS Grp 47,891,815 OCBC Bk 43,609,180 GLD 10US$ 42,479,136 Yangzijiang 35,679,720 SIA 34,085,530 Keppel
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    • 115 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 89.4 0.6 DBXT S&P Short 10US$ 4382 62.1 1.2 DBXT FTChina25 10US$ 3103 54.7 1.4 UOB 5.05%NCPS 100 ***** 52.0 0.5 CityDev.ES.1106 1050 30.0 2.9 Lyxor MS India 10US$ 1575 18.6 1.0 Lyxor China H 10US$ 1638 13.7 0.7 DBXT MSCHINA
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    • 121 8 BY CENTS CLOSE DOWN GLD 10US$ *****-268.3 -1.5 DBXT SPASX200 10US$ 3392-116.8 -2.7 DBXT STGLDv100 10US$ 2910-104.3 -2.8 DBXT MSKorea 10US$ 6126-103.1 -1.3 DBXT MSAsExJp 10US$ 3285 -41.0 -1.0 Asia Pac Brew 2950 -40.0 -1.3 Jardine C&C 3986 -40.0 -1.0 JMH 5410 -37.3 -0.6 DBXT MSTaiwan 10US$ 1893 -34.8
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    • 5 8 DAILY
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  • Page 8 Advertisements
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  • Page 9 Advertisements
    • 82 9 Voted World's Best 3 Years Running 2009 2010 2011 2 I w A V 9H A//? WINNER N f D THANK YOU for making AirAsia the world's best low-cost airline for 3 years running. There's no better way to fly into our 10th year with over 75 destinations, more than
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  • Page 10 Advertisements
    • 1928 10 :*ATci NOTICES HQNGWEI (Incorporated in Bermuda with limited liability) Company Registration Number ***** NOTICE OF THE SIXTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Sixth Annual General Meeting of the Company will be held at 21, Tan Quee Lan St, #02-08 Heritage Place, Singapore *****8 on Wednesday, 13
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    • 408 10 []@$*|`$}=@;[>>;"/(;&\(/!_&$[`" IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MERLIANZE PTE. LTD. (In Members' Voluntary Liquidation) Reg No. *****4878H NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 171 Chin Swee Road #08-03 San Centre Singapore
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    • 88 10 CAPITAL NEEDED/BUSINESS OPPORTUNITY Petroleum Product Trader needs 1 million USD for 90 days at 10% per year. This will be used for physical trading of Gasoline in the African Market. Money will be backed by Advanced Payment Bond issued by PHB insurance. Petroleum products procured (Gasoline/Petrol) will be insured by
      88 words

  • SINGAPORE NEWS
    • 401 11  -  Awards were also given out to three MND statutory boards By MINDY TAN THE government will commit $400 million to spearhead research and development in urban sustainability, said the Ministry of National Development (MND) at yesterday’s inaugural Urban Sustainability Research and Development Congress.
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    • 456 11 Sites are being marketed by Credo, Colliers respectively TWO en bloc sites one each in District 10 and the East Coast area have been put up for sale by tender. Royalville, a large prime freehold site located along Bukit Timah
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    • 525 11  -  By LEE U-WEN AS many as 400 up-and-coming young athletes in Singapore will next month be among the first to receive the new Peter Lim Scholarship, which was created to fund sports scholarships for those from low-in-come families. The initiative was named
      MUGILAN RAJASEGERAN/THE STRAITS TIMES  -  525 words
    • 286 11  -  By ENYA LIM AGILENT Technologies Inc and the National University of Singapore Environmental Research Institute (NERI) yesterday announced an alliance to leverage on each other’s key strengths in life sciences and chemical analyses. The collaboration is Agilent’s first with a South-east Asian
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    • 265 11  -  By ENYA LIM ERNST Young (E&Y) yesterday announced that it will launch a newly integrated Asia-Pacific Financial Services Organisation (FSO) with effect from July 1, 2011. A first for the region, the Asia-Pacific FSO will equip Ernst Young to work seamlessly across borders with the aim
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    • 231 11 PROPERTY conglomerate Mapletree is continuing its expansion into China with the groundbreaking of its second VivoCity mall in the country yesterday. Located in Nanhai district of Guangdong province, VivoCity Nanhai will be a four-storey shopping mall with total floor area exceeding 100,000 square
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    • SINGAPORE ROUNDUP
      • 51 11 THE Marketing Institute of Singapore is partnering with the University of Buckingham, UK, to offer three new programmes a Bachelor of Science (Hons) in Business and Management, a Master of Business Administration, and a Master of Science in International Marketing Management come September
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      • 63 11 IN-CAB credit card payments look set to get a lot easier with new contactless payment systems being featured on board ComfortDelGro’s fleet of 15,600 taxis, which provide passengers an additional option for payment by tapping their cards on the payment system’s touchscreen. This alternative
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  • SMEInc
    • 1710 12  -  Farm owners tell CHEN HUIFEN uncertain leases are debilitating and explain why they deserve more official support for their endeavours SMEs IN FARMING CHEN HUIFEN SINCE becoming a full-time farmer 14 years ago, Alan Toh, 47, managing director of Yili Vegetation Trading Pte Ltd, has
      ARTHUR LEE  -  1,710 words
    • 447 12  -  By TEH HOOI LING THE biggest losers rebounded the most. The FTSE Straits Times Small Cap Index, which has suffered stiffer falls compared with the Mid Cap Index and the blue chips Straits Times Index, staged the strongest recovery in the last five
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    • 1053 13  -  Chelsea Wan and Kenny Eng are two self-assured young people who decided to show farm work can be hip, reports KELLY TAY THE agricultural sector may not be the top career choice of most young graduates, but a handful of young individuals are
      PHOTOS: YEN MENG JIIN  -  1,053 words
    • 1079 14  -  Singaporeans are modifying conventional methods of food production to heighten productivity and stay competitive, says KELLY TAY says KELLY TAY WHILE the farming industry has traditionally been associated with intensive physical and manual lab o u r u r ban-folk may be surprised to learn
      PHOTOS: ARTHUR LEE  -  1,079 words
    • 1293 14  -  Malcolm Ong tells CHEN HUIFEN his fish farm venture is giving some ‘very good returns’ tells CHEN HUIFEN ANYONE who is in doubt that farming can be a viable business in Singapore just has to look to Malcolm Ong, 48. The CEO
      YEN MENG JIIN  -  1,293 words
    • 809 15  -  The main drivers of growth in most countries are small and medium sized companies COMMENTARY By LINDSEY ARGALAS Lindsey Argalas is vice president and managing director, Asia Pacific, Intuit WHENpeoplethink of ways to stimulate the economy, they invariably think of the corporate giants thatemploy
      FILE PHOTO  -  809 words
    • 602 15 ASK NUS PROFS Q: There have been many negative media reports recently on F&B businesses that caused food poisoning. They caught my attention because I own a small F&B business too. I know ensuring good hygiene is very important in preventing cases like that. But in
      602 words
    • 289 15 HEWLETT-PACKARD Singapore has launched a competition with the Association of Small and Medium Enterprises (ASME) to reward business productivity in SMEs here. Called the “More for Less An HP Business Productivity Competition”, the competition is inviting SMEs to share stories about
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  • Page 12 Advertisements
    • 230 12 NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School Nt lanyang EXECUTIVE EDUCATION r SPRING-NANYANG SME Hi-Potential Leadership Programme Developed in collaboration with SPRING Singapore, this leadership programme is designed to empower middle managers to move into senior positions and take on leadership roles in various areas of management. Comprising three modules, the
      230 words

  • Page 13 Advertisements
    • 221 13 WINNER IG Markets Sept 2010 Singapore CFD Report Highest overall Investmem^Trends t 0.1% commission and Direct Market Access on Singapore share CFDs O Strata Asia Resources Ltd 2 890 Chg: 0.010 2.920 Lo 2 060 a I o DMA 0 OTC 2.880 2.870 2.830 2.840 2.890 2.900 2.010 2 920
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  • Page 15 Advertisements
    • 399 15 Presented by CEO LEADERSHIP EXCHANGE SERIES Workshop SPRING -SMU-USEA BUSINESS LEADERS INITIATIVE Pan-Generational Success foyu Singapore's Family Business B A combination of a 1/2 day Symposium* and a 1 and 1/2 day workshop to gain insights on the pan-generational strategies of the world's great family firms, learn how to leverage
      399 words

  • ECONOMY WATCH
    • 617 16 Purchases could total US$300b in next 12 months without raising money supply Bloomberg [NEW YORK] The Federal Reserve will remain the biggest buyer of Treasuries, even after the second round of quantitative easing (QE2) ends this week, as the central bank uses
      Bloomberg; REUTERS  -  617 words
    • 226 16 Tokyo’s failure to meet reform plan deadline is credit negative, it says Reuters [TOKYO] The failure of Japan’s government to meet a self-imposed June 20 deadline for announcing a long-term fiscal plan for the indebted country is a negative development, Moody’s ratings agency
      Reuters  -  226 words
    • 398 16 US issuance down 67% from May to US$14.8b Bloomberg [NEW YORK] High-yield debt is diverging from investment grade by the most in more than six months as US economic growth decelerates and concern mounts that Europe’s debt crisis will spill over into
      Bloomberg  -  398 words
    • 419 16 Bloomberg [SYDNEY] Australia’s bond investors are showing increasing concern that Europe’s debt crisis will derail a recovery from the biggest economic contraction since 1991 and force the central bank to cut interest rates. Reserve Bank of Australia assistant governor Philip Lowe said on
      Bloomberg  -  419 words
    • 383 16 Bloomberg [TOKYO] Bread prices in Japan are set to climb for the first time in three years, eroding consumer purchasing power and potentially slowing the emergence of the world’s third largest economy from recession. Yamazaki Baking, the largest bread maker,
      Bloomberg; BLOOMBERG  -  383 words
  • Page 16 Advertisements
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    • 80 16 herworld.com fmfi Over $6,000 worth of prizes including luxury holiday at the Baros Maldives Go to www.herworld.com/weeklygiveaways now to participate! JUN 20 J UN 26 We have 2 Samsung Dual LCDs Cameras ST700 to give away worth a total of $918 Goldheart ModeTres Bleu diamond pendant worth $838 and $1,500
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  • Page 17 Advertisements
    • 540 17 27JUN-3 JUL 2011 Support Singapore's Arts and Culture Your contribution will help our Arts, Culture and Heritage to thrive and enrich our lives! We need Arts and Culture because they add so much value to our lives! Not only will they enhance our creativity and enrich our lives, Arts and
      540 words

  • MALAYSIA
    • 445 18 Oil and gas service provider sets a price range of RM2.80 to RM3.15 per share Reuters [KUALA LUMPUR] Tycoon T Ananda Krishnan’s Bumi Armada is raising as much as US$906 million through an initial public offering (IPO) next month, according to a term
      Reuters  -  445 words
    • 485 18 AFP [KUALA LUMPUR] Malaysian police have arrested dozens of people planning to build up support ahead of a mass rally for electoral reforms, activists said on Sunday. Police have held some 70 people since Friday, mainly members of the opposition Socialist Party
      AFP  -  485 words
    • 537 18  -  Khazanah will need less than RM1.5b to take the firm private By PAULINE NG in Kuala Lumpur MALAYSIA Airlines (MAS), which is struggling with volatile fuel prices and low yields, does not discount the possibility of a privatisation by its major shareholder Khazanah
      BLOOMBERG  -  537 words
  • Page 18 Advertisements
    • 65 18 Congratulations to Mr Ong Pang Aik (BBM) Chairman Managing Director of Lian Beng Group Ltd for being awarded the Entrepreneur Of The Year Award at the Asia Pacific Entrepreneurship Awards 2011 Singapore From friends: Michael Cheng David Teo Jason Lee John Ho T. C. Koh Kwek Leng Kee K. K.
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  • GREATER CHINA/INDIA
    • 628 19 This confirms that interest rates will rise further, even as growth slows down Reuters [BEIJING] Chinese Premier Wen Jiabao signalled for the first time that China would struggle to meet its 4 per cent inflation target this year, underlining expectations that interest rates
      Reuters; AP  -  628 words
    • 655 19 But more foreign companies are buying Indian assets Bloomberg [MUMBAI] Overseas acquisitions by Indian companies may stay subdued in 2011 as the highest interest rates in more than two years deter chief executives from borrowing for expansion, Bank of America Corp said. At the
      Bloomberg  -  655 words
    • 537 19 Bloomberg [NEW DELHI] India has raised diesel and cooking gas prices for the first time in a year to reduce losses at state-owned refiners and narrow its budget deficit to a four-year low. A panel of Indian ministers, led by Finance Minister Pranab Mukherjee,
      Bloomberg  -  537 words
    • 1039 19 Reuters [RALEGAN SIDDHI, India] Clad in white home-spun garments and living in a spartan room of his village’s Hindu temple, Anna Hazare is an unlikely thorn in the side of the government hundreds of miles away in New Delhi. And yet for millions of Indians,
      Reuters; REUTERS  -  1,039 words

  • WORLD
    • 656 20 But lenders will not be able to use contingent capital for extra cushion Reuters [LONDON] Europe’s banks may need to raise tens of billions of euros after regulators slapped an extra capital surcharge on big lenders to make them safer, and told them
      Reuters  -  656 words
    • 530 20 Most Aussies cool to action on climate change, poll shows Reuters [SYDNEY] Australian Prime Minister Julia Gillard yesterday promised generous tax cuts and payments to compensate households for the impact of a new carbon tax as she steps up efforts to win
      Reuters  -  530 words
    • 229 20 Reuters [LONDON] Struggling British entertainment retailer HMV has sold its 121-store Canadian unit to Hilco UK, raising £2 million (S$4 million) to cut debt and help the firm stay in business. The move by the 90-year-old firm to sell the Canadian business
      Reuters; REUTERS  -  229 words
    • 541 20 Reuters [BUGARACH, France] Residents of the tiny southern French hamlet of Bugarach, population 194, are up in arms at a rising influx of doomsday believers convinced that it is the only place that will survive judgment day in 2012. Apocalypse devotees
      Reuters; REUTERS  -  541 words
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  • ASIA-PACIFIC/WORLD
    • 488 21 May figure worst since Sept 2009; unemployment rate reaches 9.1% LATEST US DATA AP [WASHINGTON] Americans spent at the weakest pace in 20 months, a sign that high gas prices are taking a toll on the economy. Consumer spending was unchanged in May, the Commerce
      AP  -  488 words
    • 618 21 He wants to close loopholes and reduce tax breaks AFP [WASHINGTON] President Barack Obama was scheduled to meet leaders of the US Senate yesterday in an attempt to break the impasse over raising the country’s debt limit, with a deadline fast approaching. Treasury
      AFP  -  618 words
    • 604 21 AFP [STOCKHOLM] The Saab auto group said yesterday it will be able to pay staff and some supplier’s bills with cash from a Chinese order but is still seeking funds to resume production. “A Chinese company placed an order to purchase
      AFP; REUTERS  -  604 words
    • 663 21  -  By ANTHONY ROWLEY in Tokyo JAPANESE Prime Minister Naoto Kan last night announced new Cabinet appointments designed to bring the ongoing nuclear crisis under control and to tackle the massive task of reconstruction following the March 11 earthquake and tsunami.
      663 words
    • 577 21 AFP Reuters [WASHINGTON] French Finance Minister Christine Lagarde appeared poised to become the head of the International Monetary Fund (IMF) this week despite a strong challenge to Europe’s traditional hold on the job. An informal survey by Reuters of voting countries indicated Ms
      AFP; Reuters; BLOOMBERG  -  577 words

  • EDITORIAL & OPINION
    • 514 22 EDITORIAL THE Greek vote on austerity reforms will be the focus of global attention this week, but even a positive outcome should not lull markets into thinking that the crisis has passed. In particular, more emphasis should be given to debt restructuring, because the
      514 words
    • 792 22  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group THE Bank for International Settlements in Switzerland has just published its annual report, and it is a dour document. The BIS (as it’s known) was created in 1930 to handle post-World War I
      The Washington Post Writers Group  -  792 words
    • 976 22  -  Central banks, politicians and bankers have turned global investment arena into a casino NEIL BEHRMANN London Correspondent PREDICTIONS are a waste of time in today’s volatile global markets. Rather than follow usually wrong central bank prognosis, economists’ forecasts, chartists’ configurations or charlatan
      AFP; Source: IT-Finance.com  -  976 words
    • 968 23  -  The majority of Americans agree the US should ‘pay less attention to problems overseas’ LEON HADAR Washington Correspondent IN A speech before an audience of Asian defence ministers and military commanders in Singapore early this month, US Defence Secretary Robert Gates
      AP  -  968 words
    • 586 23  -  By JOHN CK DALY John CK Daly writes for OilPrice.com AN INCREASINGLY fractious maritime confrontation is developing in the South China Sea, with enormous implications for international companies interested in developing East Asia’s offshore hydrocarbon resources. Far from the radars
      ILLUSTRATION BY LUDWIG ILIO  -  586 words
    • 872 23  - Bound and gagged or perhaps not? By INDRANEE RAJAH THE recent case of Twitter users revealing the identity of Ryan Giggs as the football star who had an affair with glamour model Imogen Thomas, in spite of a “super-injunction” preventing the publication of such information, brings into sharp focus the
      872 words

  • Page 23 Advertisements
    • 103 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words

  • AVIATION
    • 910 24 Country’s airlines accounted for one-third of orders at Paris air show Reuters [LE BOURGET] Indian airlines walked away from the Paris Air Show with a third of the airplane orders last week a US$23 billion gamble that air will finally conquer rail despite a
      Reuters; AFP  -  910 words
    • 3202 24 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 KU6458 1415 --SQ458 1415 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1820 AF8087 1820 AY5012 1820 BA7381 1820 JL7892 1820 MU8440 1820 QF81 1820 Ahmedabad SQ530 1855 Amsterdam LO4031 0545
      3,202 words
    • 483 24 It’ll take on IndiGo which starts flying overseas in Sept Bloomberg [PARIS] AirAsia Bhd plans to boost flights to India, paving the way for a contest with IndiGo after the two low-cost airlines placed record orders for Airbus planes last week. AirAsia
      Bloomberg  -  483 words
    • 364 24 Bernama [BEIJING] Airlines linking Beijing, Shanghai and other cities have been searching for ways to prevent passengers from flowing onto the new Beijing-Shanghai high-speed link that will start operation on June 30, Xinhua news agency reported, citing the China Daily report on
      Bernama  -  364 words
  • Page 24 Miscellaneous
    • 307 24 CRYPTIC CROSSWORD Across 7 Couple of rectors wearing eccentric papal garb (7) 8 Make amends for former buccaneer abandoning leader of rebels (7) 10 Spirit imported by alcohol producers for pictures (5,5) 11 Run from group of women without male (4) 12 Pleased with temperature changes, stand (8) 14 Tentative
      307 words

  • 3161 25 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
    3,161 words
  • Page 25 Advertisements

  • SHIPPING
    • 806 26 They are targeting specialist industries and offering end-to-end solutions Bloomberg [ZURICH] Freight forwarders led by Kuehne+Nagel International AG are prompting shipping firms including Maersk Line, the world’s biggest, to rethink their strategies after grabbing a chunk of the seaborne container market. Kuehne+Nagel, the
      Bloomberg; BLOOMBERG  -  806 words
    • 594 26 Russian firm values US$534m flotation at US$15 per GDR Reuters [LONDON] Russian group Global Ports priced its US$534 million London flotation at the low end of an indicated range, making it the second company in two days to get a listing
      Reuters  -  594 words
    • 354 26 Bloomberg [SHANGHAI] Shanghai port, the world’s busiest for containers, expects volumes to rise about 10 per cent annually for the next five years as manufacturers open plants in western and inland China in search of low-er-cost labour. Rising production in these regions has benefited Shanghai
      Bloomberg  -  354 words
  • Page 26 Advertisements
    • 119 26 ASIA–WESTAFRICATRADEAGREEMENT(AWATA) Notice for General Rate Increase (GRI) In order to ensure that the Members Lines are able to continue to provide the service necessary to meet the needs of their customers, the Members Lines of the Asia West Africa Trade Agreement (AWATA) have decided to implement the following general rate
      119 words
    • 15 26 Experienced sh/p maintenance services wanted. Can they find your services here in the Shipping Times?
      15 words

  • SINGAPORE STOCKS
    • 8261 27 Transaction date: Jun 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 15 8Telecom 15.5 15 16 7.8 3.9 3.2 74.2 12 4.5 A-Sonic 7.5 unch 52 7.5 7.5 7 7.5
      8,261 words
    • 1475 28 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 5.5 4 t AA Grp 4 3.5 4.5 19 3.9 202 142 t APStrategic 153 -6 8 159 151 152 157 90.8 1.5 0.5
      1,475 words
    • 9889 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.35/ APS Alpha Fund (USD)!** 1.09/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.71/ Aberdeen Asset Mgt Asia Limited American Opp 0.6369/ Asian Credit Fund
      9,889 words
    • 223 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A46 44.5 48 3.6 7.6 3.7 119.8 55 18 Genting HK US$ US36 -0.5 4231 36.5 35.5 36 36.5 2370.4 21 12 Over&Gen A15
      223 words
    • 870 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 117 114 118 534.1 1077 832 CIMBAsean40 100US$ US1035 +2 10 1035 1035 1025 1032 41.4 350 283 DBS STI
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  • Page 27 Advertisements


  • FINANCE & COMMODITIES
    • 374 29 In local curr In S$ In US$ dy yr dy yr dy yr Jun 24 Index Change Change Change Change Change Change World Index Preliminary 881.2 -0.3 -1.8 -0.4 -3.5 -0.3 -0.1 EAFE Preliminary 760.8 0.2 -5.0 0.2 -4.8 0.3 -1.5 Europe Preliminary 1122.5 -0.1
      374 words
    • 77 29 CRUDE OIL PRODUCTS Jun 24 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 105.44 -2.84 WTI (Near Mth) 91.44 unch Dubai (1-Mth F) 102.74 -2.74 Tapis blend 112.92 -3.96 Minas 109.42 -3.96 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.39 -3.94 Jet Kerosene 119.90 -4.25 US$/barrel Opec Oil
      77 words
    • 107 29 Jun 24 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1320.25 1317.75 1328.75 1311.50 Aug 11 1315.00 1316.00 1327.75 1309.75 Sep 11 1310.75 1314.25 1326.50 1308.50 Nov 11 1309.25 1317.25 1330.75 1305.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 55.22
      107 words
    • 81 29 Jun 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 29.09.2011 0.32 0.28 0.25 1-Year BY*****X 02.05.2012 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.10 5-Year N*****0W 1.125 01.04.2016 100.68 100.80 100.70
      81 words
    • 454 29 Jun 27 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.5750 0 6955 Dec11 99.4950 0 3513 Mar12 99.4500 0 1178 Jun12 99.3850 0 1440 EUROYEN TIBOR FUTURES Sep11 99.6675 0 1235 Dec11 99.6650 0 1392 Mar12 99.6550 99.6550 99.6550 99.6550 0 1823 Jun12 99.6450 99.6450
      454 words
    • 177 29 Jun 27 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jul 11 445.0 444.0 445.0 3 106 Aug 11 441.0 441.0 441.0 12 150 Sep 11 443.0 441.0 441.0 30 429 Oct 11 441.0 441.0 441.0 4 369 Nov
      177 words
    • 75 29 www.smx.com.sg As on 24 June 2011 PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Cash Aug-11 1524.2 1507.5 1501.2 1520.7 Silver Cash Jul-11 34.9 34.82 34.655 35.01 CURRENCY Euro-US Dollar Sep-11 1.427 1.4128 1.4133 1.4106 Aust-US Dollar Sep-11 1.0478 1.0394 1.0399 1.035 BASE METALS Copper
      75 words
    • 121 29 As at 9am Jun 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.337 1.262 Can dollar 1.277 1.228 Euro 1.787 1.719 Sterling pound 2.015 1.938 NZ dollar 1.024 0.976 US dollar 1.259 1.211 Local dollars to 100 units of foreign
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    • 27 29 Jun 27 Open High Sett STI Jun 3048 SIMSCI Jun 353.8 354.2 351.9 Taiwan Jun 299.6 300.2 296.8 Source: MF Global (S) Pte Ltd
      27 words
    • 2595 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 25.5 2 5 1 150 15 6.00 35 ASJ Hldgs W*****1 1.5 1 4 38 2.67 8 AlliedTech W*****2 1.5 unch 12 1 4 29 Asia Water Tech
      2,595 words
    • 182 29 Jun 27 55 Offer Old Dveimgljt D.02 0111 l mnnlh 5/16 1/16 7 months 3/8 1/8 3-mnnths 7716 3/16 OvHPiahl ntwtor 0.01 US5 Oflct Old 7 days 0.25 0,15 1 month 0,20 0.16 7 months O.I7 0.27 3 months 0,25 0.26 6 month* 0.46 0.36 9 months 070
      182 words
    • 462 29 Jun 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.033 6.752 0.737 8.115 46.989 89.867 0.842 11.312 3.188 1.299 89.612 45.426 1.295 7.224 0.872 30.221 32.213 0.654 1.042 Canada 0.969 6.540
      462 words
    • 85 29 Jun 27 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 140 29 Jun 27 GOLD (iJSS/oz) Jun 21 Jun 24 Hong Kong 1501.00 1522.00 Jun 24 Jun 23 London 1506 82 1518.97 1507.60 1519.69 Source: Thomson Reuters CAST BAR Jan 21 (SS) Selling Buying Kllobar 64.307.00 ***** PAMP GOLD 8ARS m Selling Buying Igm 144 60 5gm 409 300 logm
      140 words
    • 71 29 Jun 24 Jun 24 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2470.00 2478.75 3 months 2500.00 2509.00 Copper, Grade A (US$/tonne) Cash 9036.00 8955.75 3 months 9045.00 8960.00 Lead (US$/tonne) Cash 2567.00 2536.00 3 months 2580.00 2549.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 154 29 Jun 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2941 1.2957 1.0418 1.0422 Canadian dollar 1.2532 1.2550 1.0089 1.0095 Euro 1.7561 1.7579 1.4137 1.4140 NZ dollar 0.9965 0.9975 0.8022 0.8024 Sterling pound 1.9797 1.9818 1.5937 1.5941
      154 words
    • 22 29 Jun 27 S$ Bid Offer 1-month 1.2422 1.2432 2-months 1.2421 1.2431 3-months 1.2420 1.2430 6-months 1.2415 1.2425 Source: OCBC
      22 words
    • 65 29 Jun 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 11 3110 3080 3110 3080 822 3075 Aug 11 3100 3050 3106 3049 2684 ***** Sep 11 3095 3042 3101 3038 ***** ***** Oct 11 3096 3040
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    • 82 29 Jun 24 COCOA (£/tonne) Close Prev High/Low Jul 11 1869 1879 1908/1867 Sep 11 1881 1894 1920/1880 Dec 11 1904 1917 1941/1903 Mar 12 1918 1933 1959/1919 COFFEE (US$/tonne) Close Prev High/Low Jul 11 2282 2178 2299/2197 Sep 11 2319 2216 2337/2232 Nov 11 2337 2240 2353/2255 Jan 12
      82 words

  • PROPERTY
    • 465 30 Growth in supply of properties for sale outpaces demand, says researcher Bloomberg [LONDON] UK house prices fell for a second month in June as the growth in the supply of properties for sale outpaced demand, Hometrack Ltd said. The average cost
      Bloomberg  -  465 words
    • 332 30 Bloomberg [LONDON] Central London luxury home prices will increase by 8 per cent this year as overseas buyers take advantage of a weak pound, broker Savills plc said, reversing a November prediction that values would fall. The average price of a home costing
      Bloomberg  -  332 words
    • 595 30 Bernama [KUALA LUMPUR] Growing opportunities in Australia’s second most populous city, Melbourne, are drawing Asian property developers to expand their footholds there. Its vibrant city life, booming financial services and education centres, growing population and housing shortage are factors that drive developers and
      Bernama; BLOOMBERG  -  595 words
    • 370 31  -  This brings total value of the 32 en bloc deals sealed this year to $1.73b By DICKSON LI THE collective sales market has been picking up pace. Yesterday, a River Valley Road development added to the momentum. It also brought the total value
      370 words
    • 208 31 Reuters [LONDON] UK real estate investor British Land is raising about US$480 million through the US private placement bond market, diversifying its fund sourcing away from austerity-mind-ed banks, a source familiar with the matter told Reuters yesterday. Private placement bond issues are used to raise
      Reuters  -  208 words
    • 482 31  -  8,196 sq m plot can have 16-storey hotel with about 490 rooms By FELDA CHAY THE Urban Redevelopment Authority (URA) yesterday released detailed sales conditions for a 99-year leasehold hotel site at Kallang Riverside. The 8,195.6 square metre site along Kallang River has a
      482 words
    • 259 31 SINGAPORE’S first “ecomall”, City Square Mall, has garnered its development team two internationally renowned architectural awards. Owned and managed by City Developments Ltd (CDL), the mall has been awarded the FuturArc Green Leadership Award 2011 for commercial architecture and the FIABCI
      FILE PHOTO  -  259 words
  • Page 30 Advertisements
    • 187 30 Mixed Landed Site At Woo Mon Chew Rd For Sale Land 10,367 sq ft; Freehold Off Upper East Coast Road 3-storey mixed landed zone Double frontage; Quiet Idealfordetached,semi-dsand terrace houses Tender Closing onehouses 12thJuly 11 (Tues), 2.30pm Irinn Lee (Ms) irinn@credo.com.sg (CEARegnNo: R*****4F) Agency Licence No: L*****97B 9639 2843 L
      187 words
    • 174 30 8.56 ACRES RESIDENTIAL DEVELOPMENT SITE IN DISTRICT 21 •OSS Subject Property Contact: CB Richard Ellis (Pte) Ltd Investment Properties Charles Hoon CEA Reg. No.: R*****7D Emile Reis CEA Reg. No.: R*****0H Tel: 6224 8181 BEST of District 21 Raw gem nestled in the serenity of the Sunset Way bungalow estate.
      174 words
    • 161 30 ALEXANDRA TERRACE OFF PASIR PAN JANG ROAD 6-Storey Building Land: 13,601 sq ft (approx.) GFA: 30,475 sq ft (approx.) Tenure: Freehold Close to Mapletree Business City and future Labrador Park MRT TENDER CLOSING: 28 July 2011 (Thu), 3pm Dominic Peters 9825 2101 CEA License No. R*****1G www.savills.com.sg savills LAND FOR
      161 words

  • Page 31 Advertisements
    • 244 31 FOR SALE BY TENDER COLLECTIVE SALE KELLOCK LODGE Freehold; prime district 10 Land Area 21,783 sf “Residential” with plot ratio 2.8 Walking Distance to Great World City 5 Minutes to Orchard Road Tender Closing 8thJuly 2011, 3.00pm INVESTMENT SALES 6533 0220 Estate Agent License No. L*****25E LicNo:*****4414H BINJAI ***** *****sqft.
      244 words
    • 304 31 Freehold Residential Site (St. Patrick's Garden) Eunos IT g < X SIMS AVE EAST CHANGIRD East Shore o in Kembangan Kembangan Siglap Plaza Canal oc Medical Ctr The Shore Residences The Seaview Q cc i- < x o o o Katong Eateries EAST COAST RD II ll Marine Point Paramount
      304 words

  • INFINITE SPACES
    • 1121 32  -  Singapore developers respond to the demand for integrated communities in the world’s second-largest economy, reports UMA SHANKARI SINGAPORE-BASED developers are counting on their township projects in China to provide them with a steady source of income as they try to address the demand for integrated
      1,121 words
  • Page 32 Advertisements
    • 130 32 IT Ban9al0 r|phennar Coimbatore SOUTH iQalian KOREA T P k y° lllSfe APAN i Shanghai Hangzhou CHINA ipei X Shenzh Fort Bonifacio .Calamba PHILIPPINES s-VIETNAM Binh-Duong HoChi Minh MALAYSIA Kuala Lumpur SINGAPORE ON ESI A Karimun M Si J T\ i mil Space to be What would you like your
      130 words

  • APEA2011
    • 656 1  -  Lynn Kan N O guts, no glory. The story of the intrepid entrepreneur can be riddled with enough ups and downs to fill the pages of a Russian novel. In failure-shy Singapore, it’s the downs of an entrepreneur’s life cycle that scares people off the trail to glory.
      656 words
    • 1216 2  -  A sense of filial piety leads Lian Beng’s Ong Pang Aik to have a HDB dream that in turn takes him to greater heights. ENTREPRENEUR OF THE YEAR KANreports LYNN KAN FROM the soil we come and to the soil we return, goes the saying.
      ARTHUR LEE  -  1,216 words
    • 1286 3  -  Eric Cheng, CEO of ECG Group, recalls getting ‘the bigger picture’ that launched his business journey. And, as MINDY TANfinds out, he credits his success to his team YOUNG ENTREPRENEUR OF THE YEAR MINDY TAN It would take more than a modicum of self-confidence
      1,286 words
    • 1333 5  -  Ann Lee, group CEO of Adonis, tells NISHA RAMCHANDANI how she ‘only looked forward’ in the early days and why attitude is important in the service industry WOMAN ENTREPRENEUR OF THE YEAR NISHA RAMCHANDANI THE last thing that Ann Lee ever expected to do
      1,333 words
    • 1237 7  -  LESTER HIO finds out that when the going gets tough, Jason Sim, founder and managing director of Jason Parquet, falls back on hard work and learns from mistakes LESTER HIO JASON Sim, the founder and managing director of timber flooring company Jason Parquet, is
      YEN MENG JIIN  -  1,237 words
    • 2608 8  - Born this way or made? Some of the APEA 2011 winners talk to LYNN KANon diverse issues including the ‘nature versus nurture’ debate in entrepreneurship and the various ways in which a culture of entrepreneurship can be encouraged in Singapore LYNN KAN THE obsession of companies to get their corporate
      2,608 words
    • 1334 11  -  Singapore should find a way to raise its entrepreneurs to the same heights as its scholarship-holders, writes ARCOT DESAI NARASIMHALU The writer is director of the Institute of Innovation and Entrepreneur ship at the Singapore Management University SINGAPORE has been successful in creating a manufacturing economy
      FILE PHOTO  -  1,334 words
    • 2030 12  -  Some of the winners from the 2011 Asia Pacific Entrepreneurship Awards tell NISHA RAMCHANDANIhow they keep their businesses thriving in a constantly changing environment NISHA RAMCHANDANI AS the saying goes, the only constant is change and that is probably true now more than ever, given today’s dynamic
      AP; YEN MENG JIIN  -  2,030 words
    • 1144 14  -  The chief executive officers of three local firms tell NISHA RAMCHANDANI how they go about sourcing for and retaining the right people NISHA RAMCHANDANI IN Singapore’s tight labour market, one of the biggest challenges facing local companies is finding and keeping the right employees. Companies
      1,144 words
    • 1004 15  -  Having a good grasp of people, functional management skills and market knowledge will go a long way in tackling cross-border challenges for entrepreneurs, says NA BOON CHONG says NA BOON CHONG The writer is managing director, executive compensation and performance, South-east Asia, Aon Hewitt THE profile
      STOCK.XCHNG  -  1,004 words
    • 1164 16  -  While many SMEs are created through entrepreneurship and innovation, the ability to sustain these qualities is of critical importance if their businesses are to grow, writes SATISH LELE writes SATISH LELE The writer is vice-president of Frost Sullivan (Asia Pacific) THE role that entrepreneurship plays in
      STOCK.XCHNG; Source: Frost & Sullivan Survey  -  1,164 words
    • 3839 18 CHALLENGES AND PROSPECTS BT posed the following questions to the 24 Outstanding Entrepreneur award winners at APEA 2011: ‘What was the greatest roadblock you’ve encountered in the past to your company's success? What are the greatest opportunities that you see coming in the future for your
      AP  -  3,839 words
    • 820 23  -  Glenn Lim of APF Group, the organiser of Singapore’s APEA, tells LYNN KANthat such accolades help elevate entrepreneurship tells LYNN KAN IT’S the “Keppels” and “DBS” that get nods of approvals or at least recognition from the man on the street. Say you’re an
      AFP GROUP  -  820 words
    • 1860 24 STAYING RELEVANT BT posed the question, ‘What does sustainability mean in your line of business?’ to the 11 Most Promising Entrepreneurs at the Asia Pacific Entrepreneurship Awards. Here’s what they say Dinesh Verma Chairman V2U Healthcare AT V2U, sustainability involves continuous reinvention, and understanding the changing needs
      STOCK.XCHNG  -  1,860 words
    • 1255 28  -  Two INSEAD professors have been studying companies that have achieved success by innovating their business models. Managing the associated business risks is key, theytell MRINALINI REDDY MRINALIIUI REDDY This article was first published on ‘Insead Knowledge’ (knowledge.insead.edu) on May 27, 2011 BUSINESS models help
      1,255 words
    • 639 30  -  By LYNN KAN THE Asia Pacific Entrepreneurship Awards (APEA) 2011 honoured its 38 winners in grand style last Friday, with a gala dinner at the Marina Bay Sands Grand Ballroom. Joining the winners was Minister of State for Trade and Industry Teo Ser Luck, the
      LUKE BARTHOLOMEW TAN; ANDREW TAY; ALVIN SOH; PHOTOS: ALVIN SOH, ANDREW TAY; PHOTOS: ALVIN SOH  -  639 words
    • 2059 36  -  MINDY TANfinds out how four companies from entirely different businesses pursue opportunities in foreign lands MINDY TAN THE experience of expanding overseas is akin to climbing out of a well, and can open one’s eyes to a plethora of opportunities and ideas that you
      2,059 words
  • Page 1 Advertisements
    • 108 1 CONTENTS: Shovelling on despite hard knocks PAGE 2 Meeting with monk a turning point PAGE 3 Like a gypsy on the move PAGE 5 www. APEA.sg/2011 CAPEA ASIA PACIFIC ENTREPRENEURSHIP AWARDS SINGAPORE Our Heartfelt Congratulations to the winners of Asia-Pacific's most prestigious awards for entrepreneurs Asia Pacific Entrepreneurship Awards 2011
      108 words

  • Page 2 Advertisements
    • 274 2 FACILITYLSNK WARMEST CONGRATULATIONS! to Mr. Martin Gui Managing Director, Facility Link for being awarded the OUTSTANDING ENTREPRENEUR AWARD at the Asia Pacific Entrepreneurship Awards 2011 Singapore AP EAss 2011 ASIA PACIFIC ENTREPRENEURSHIP AWARDS Our Heartfelt Appreciation to: BARCLAYS BARCLAYS CAPITAL BANKOFSINGAPORE at bhpbilliton resourcing the future LMXESS DnBNOR mahindra Satyam
      274 words

  • Page 3 Advertisements
    • 44 3 Glass half empty. Glass half full. All that makes a glass. T v www.motion.com.sg motion the creative influence PATRICK CHEO Chan Wee Piak Adam Khoo Learning Technologies Group Amplus Communication Outstanding Entrepreneur Awards 2011 Organised by: El nse 00GROUP I organisation A \-L/Xvl' entrepreneurship
      44 words

  • Page 4 Advertisements
    • 492 4 i ASIA PACIFIC "ENTREPRENEUR! I IF AWARC| J i Mi A I <* a 4 9 SIS »S2FC': m A >;» M I P (■T'C'A r I Congratulations to Mr Chua Swee Ann, Executive Director cum President CEO of Bintai Kindenko Pte Ltd on oeans awarded the DING EPRENEUR D
      492 words

  • Page 5 Advertisements
    • 96 5 atlivingTM we breathe design Conceptual Design Space Planning Environmental Analysis Feasibility Study Project Development Project Management The staff and management of U At Holdings and all its subsidaries would like to express its warmest congratulations to Mr. Nicky Haw, Creative Director of atliving, for attaining the honours of Asia Pacific
      96 words

  • Page 6 Advertisements
    • 266 6 Hi Leeden The Integration Specialist for Welding, Gas and Safety (9ut (zpveaz MR STEVEN THAM Chairman and CEO of Leeden Limited On Being Awarded Outstanding Entrepreneur APEA Award 2011 J r As privileged partners of Leeden, we have seen Mr Tham steered Leeden in a visionary direction with his leadership
      266 words

  • Page 7 Advertisements
    • 289 7 \yr Is r. ASIA PACIFIC ENTREPRENEURSHIP AWARDS Dr Ong Weijie Managing Director Of Flink Ink Chemical Industry Pte Ltd APlX for being awarded the 2011 Most Promising Entrepreneur Award at the Asia Pacific Entrepreneurship Awards 2011 Singapore Flint Ink and Chemical Industry Private Limited was established as a specialist company
      289 words

  • Page 8 Advertisements
    • 147 8 Wr ■JSI V YANGBUM ENGINEERING Yangbum Engineering Pte Ltd Congratulations Mr Loong Soo Min (^1 Founder Of Yanqbum Enqineerinq Pte Ltd APEA 2011 for being awarded the Outstanding Entrepreneur Award at the Asia Pacific Entrepreneurship Awards 2011 Singapore ASIA PACIFIC ENTREPRENEURSHIP AWARDS Yangbum Engineering was founded on a dream. Aspiring
      147 words

  • Page 9 Advertisements
    • 247 9 0 Winner of Most Promising Entrepreneurship Awards Loorve www.lourve.com.sg Singapore Malaysia APE A;; 2011 <r V t r e ir: f, ■5 > -r. Design Interior Consultancy One of the leading Development Interior Consultant in Singapore... Martin Edge Mackenzie 138 Estique Newton Edge Westside 33 Medge West Mont Suites Amber
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  • Page 10 Advertisements
    • 122 10 d mm} mm APEA ASIA PACIFIC ENTREPRENEURSHIP AWARDS 2011 K> 4 PIN SI J Jh, A 6J> 3 < a m 9^ bv Congratulations Mr Oh Cheng San Chairman Of Pin Si Kitchen for being awarded the Outstanding Entrepreneur Award at the Asia Pacific Entrepreneurship Awards 2011 Singapore Pin Si
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    • 105 11 "ENTREPRENEURS SEE OPPORTUNITIES WHILST OTHERS SEE ADVERSITIES." Congratulations to Mr Thomas Fernandez for winning the Outstanding Entrepreneur. ESTRUS 6 288 s Manageme > APE A 2011 ASIA PACIFIC ENTREPRENEURSHIP AWARDS OUTSTANDING ENTREPRENEUR ASIA PACIFIC ENTREPRENEURSHIP AWARDS 2011 SINGAPORE Mr Thomas Fernandez Chairman &c CEO Of PestBusters Pte Ltd 0r PESTBUSTERS
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    • 82 12 <i w 1 iCUi*et Stand b > ,.a*a Pouch <$g Congratulations to Mr Cheo Ming You Managing Director, Containers Printers on being awarded the Outstanding Entrepreneur Award 2011 at the Asia Pacific Entrepreneurship Awards 2011 Singapore j -> y fS. J a n r IJ. A' I H 1 1
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    • 194 13 ENABLING RELIABILITY CHLORIDE www.ceilbatterysystems.com n a <Hv.: v CHIOR® POWE* AcidB^ e.U Re guia< ed '.'til 2VA 33 Mode' 33AH' (12V Batteries. Chargers. Service. CEIL thrives on being the unrivalled choice as a battery systems brand. CEIL will enable your business to be more reliable. This hassle-free reliability will enhance
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    • 35 14 EQUINIX Mr. Managing Director of Equinix Singapore for being conferred the Outstanding Entrepreneur Ai)§ Entrepreneurship Awards 2011 i r< V'' 3r JR. WAH LOON ELECTRICAL ENGINEERING PTE LTD MECHANICAL AND ELECTRICAL CONTRACTOR EMERSON Network Power
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    • 243 15 CONGRATULATIONS t APEA 2011 Mr. Patrick Cheo Chief Executive Officer Adam Khoo Learning Technologies Group Pte Ltd For being conferred the APEA 2011, Outstanding Entrepreneur Award ASIA PACIFIC ENTREPRENEURSHIP AWARDS Adam Khoo Learning Technologies Group (AKLTG) is one of Singapore's largest training company with operations in Malaysia, Indonesia, Thailand, India,
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    • 85 16 Jason Sim is the founder of Jason Parquet, a market leader in the supply and installation of timber flooring contracts in Singapore. Jason Parquet captures around 80% of Singapore’s high-end residential projects and has BCA L6 license for handling mega projects of up to unlimited contract value. Jason Sim Chon
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    • 96 17 ONE-STOP Centre for VSAT and RF Products Transceiver BUC 2W-200W C Band 2W-40W Ku Band 2W-200W C Band 2W-100W Ku Band 2W-5W Ka Band s» Phase Locked Oscillator O.5-24GHZ Dielectric Resonator Oscillator »IR J.fa.- l m mi j^l m ST m V, 1^1/ h, -1.1 fe Mm m. Amplus Communication
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  • Page 19 Advertisements
    • 388 19 Congratulations to Suhaimi Rafdi on being conferred the Asia Pacific Entrepreneurship Awards 2011 "Outstanding Entrepreneur Award" Singapore's O,oj cr ENTERPRISE V. Calibrating Singapore's Enterprising Spirit 2010 K 'Jll ft mi Iff K Singapore Prestige Brand Award 09 Wimtf, SP6A Heritage frandj Cathay is the only Multiplex operator to be recognized
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    • 304 20 MindWave Solutions is an IT Solutions Services management organization. Set-up in Singapore in the year 2005, MindWave has expanded its presence to Malaysia, Australia and India. Moving into other territories, partner networks have been set-up in Philippines, Vietnam, Thailand and Indonesia. Integrating people with technology has been the cornerstone of
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    • 521 21 new ITCAN Leading Technology... Lasting Relationship.. To Mr Amit Sujan President CEO, ITCAN Being Awarded For 2011 Aisa Pacific's Most Prestigious Award (APEA) 2011 (Award Category Outstanding Entrepreneur Award) z u m 'E DID IT AGAIN! ■F"" H ITCAN, headquartered in Singapore, with regional offices in Hong Kong, Malaysia and
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    • 415 22 CONGRATULATIONS Mr Roger Ang Co-Founder and Executive Director, Asia Wiring Systems for being awarded the Outstanding V Entrepreneur Award AP 20ii at the Asia Pacific Entrepreneurship Awards 2011 Singapore ASIA PACIFIC ENTREPRENEURSHIP AWARDS Founded in 1993, Asia Wiring Systems Pte Ltd has established itself as a leading supplier of cabling
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    • 302 23 Battery Power International Private Limited 85 Tuas Ave 1 Singapore *****8 Tel: (65) 6558 7333 Fax: (65) 6558 7666 sales@batterypower.com.sg Message from winner of OUTSTANDING ENTREPRENEUR AWARD at the ASIA PACIFIC ENTREPRENEURSHIP AWARDS 2011 DESMOND ONO MANAGING DIRECTOR APEA 2011 ASIA PACIFIC ENTREPRENEURSHIP AWARDS BSE > VV 2 <4^ UKAS
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    • 248 24 charts) A Leading Stock Investment Educator www.AsiaCharts.com V A T"^T" 1 A asiaPacific L\ \S h L\ EMTR£PR£NEURSIIIP 1 Yl. Li VAwards STOCK INVESTMENT EDUCATION PROVEN SYSTEMS PROFESSIONAL GUIDANCE A PASSION TO SHARE Asia Charts Pte Ltd is a leading education provider in stock investments. In an industry that is
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    • 319 25 YIIMM A MT 1 FOMANAGING DIRECTOR OF FEI FAH MEDICAL MANUFACTURING PTE LTD FOR BEING ACCORDED THE HONOUR OF OUTSTANDING ENTREPRENEUR AWARD, ASIA PACIFIC ENTREPRENEURSHIP AWARDS 2011 Mr Lawrence Lau took up the leadership role of Fei Fah Group in 1997, and the organization has since then been dramatically transformed.
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    • 261 27 <5 UST OMMODITY rata/a tutiis /Vlr. (Ho/ 7Dir&c£(H- cuu£ So£utt (His V (UWtTt V(hfrusi/i4 Hfi£re, br&nair J2.077f Commodity Trading Made Simple JustCommodity is a leading software solutions provider catering to the commodity trading industry, particularly for the trading of edible oils. Its commodity trading and risk management ("CTRM") solution, ContraXcentral™,
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  • Page 28 Advertisements
    • 307 28 Congratulations Peter Ong MANAGING DIRECTOR CABLES INTERNATIONAL A SUBSIDIARY OF HALCYON OFFSHORE ft 1 r FOR ACHIEVING THE ASIA PACIFIC ENTREPRENEURSHIP AWARD 2011 rFrom THE MANAGEMENT STAFF HALCYON OFFSHORE 1 T ANVIL ENGINEERING PTE LTD JACK TAT ENGINEERING PTE LTD MARINE EQUIPMENTS PTE LTD e bring Training to People People
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  • Page 29 Advertisements
    • 244 29 PVivfsio ASIA TlicrApvj Centre BACK/NECK PAIN B SCORES BACK CARE PROGRAM EVIDENCE BASED APPROACH FOR BACK/NECK PAIN SPINAL DECOMPRESSION THERAPY CORE STABILITY TRAINING MANUAL THERAPY BACK TO FLEXIBILITY Details available on SCORES at www.pain.com PHYSIO ASIA PROVIDES: CHRONIC PAIN MANAGEMENT WORK PLACE HEALTH PROMOTION INCONTINENCE MANAGEMENT SPORTS INJURY MANAGEMENT POST
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  • Page 30 Advertisements
    • 125 30 zr ?P8 SSS3 s s: *1 nc Head Office Sales Office (Ubi) Sales Office (TPY) Sales Office (Ubi) Import Export Website 20 Ubi Road 4, Think One Building Singapore *****2 20 Ubi Road 4, Think One Building Singapore *****2 No. 25 Lorong 8 Toa Payoh Singapore *****3 Tel: (65)6545 3300
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  • Page 31 Advertisements
    • 109 31 m ASIA PACIFIC ENTREPRENEURSHIP -AWARDS Congratulations to Mr Ong Pang Aik (BBM) Chairman Managing Director for being awarded the Entrepreneur Of The Year Award at the Asia Pacific Entrepreneurship Awards 2011 Singapore From the management and staff of J# 8 FR. LIAN BENG GROUP LTD 29 Harrison Road, Lian Beng
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  • Page 32 Advertisements
    • 267 32 A eAPEA ASIA PACIFIC ENTREPRENEURSHIP AWARDS 2011 Preferred Partner: Standard tCg Chartered Warmest Congratulations to ROBERT LIM on being awarded the OUTSTANDING ENTREPRENEUR AWARD at the ASIA PACIFIC ENTREPRENEURSHIP AWARDS 2011 Message from CEO: Today is a very special day that creates yet another milestone for WISELINK and as the
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  • Page 33 Advertisements
    • 372 33 Co ECG GROUP OF COMPANIES ASIA PACIFIC ENTREPHNEURSHIP AWARDS jM^S?4S&' AV- 71 irtfnti€L ERIC CHENG GROUP CEO ON BEING AWARDED YOUNG ENTREPRENEUR R Property Development We harness the best talents in property development to realise the dream abode for our discerning clients. Our superior skills and services translate into a
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  • Page 34 Advertisements
    • 327 34 Far East Group Pte. Ltd. (Company Registration No.: *****0096C) (Incorporated in the Republic of Singapore on 18 March 1964) 4 A c^Cn w. Ik X w: 0> V APEA 2011 I eoen ASIA PACIFIC ENTREPRENEURSHIP AWARDS Congratulations to Mr. Steven Loh CEO Executive Director on being awarded the Outstanding Entrepreneur
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  • Page 35 Advertisements
    • 169 35 APEA r 4 r*»ii III lull'' 11 1 Champ Electronics System Pte Ltd 16, New Industrial Road #02-01/02 Hudson Techno Centre Singapore *****4 Tel: (65) 6274 7488 Fax: (65) 6271 6988 Email: sales@champ.com.sg www.champ.com.sg Congratulations to Mr Adrian Tang CEO of Champ Electronics Systems on being awarded the Asia Pacific
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  • Page 36 Advertisements
    • 338 36 www.APEA.sg/2011 Outstanding Entrepreneurship Awards 2011 APEA ASIA PACIFIC ENTREPRENEURSHIP AWARDS 2011 SINGAPORE Our Congratulations to all winners! Entrepreneur of the Year 2011 Ong Pang Aik Chairman Managing Director, Lian Beng Group Woman Entrepreneur of the Year 2011 Ann Lee Founder/CEO, Adonis Investment Holdings Young Entrepreneur of the Year 2011 Eric
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