The Business Times, 30 June 2011
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2011-06-30
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The Business Times
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Title Section23 2011-06-30 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, June 30,201123 words
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954 2011-06-30 1 UMA SHANKARI - Gross profit margins can be up to 76%; five of seven projects have yielded at least 28% By UMA SHANKARI [SINGAPORE] Developers can make gross profit margins of up to 76 per cent from the public housing projects they develop under HDB’s design,954 words
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659 2011-06-30 1 Measures include spending cuts, tax rises and asset sales Reuters AFP [ATHENS] Greece’s Parliament has approved deeply unpopular austerity measures despite worsening violence yesterday, in a vote vital towards securing international funds and preventing the eurozone’s first sovereign default. Lawmakers approved a five-year package ofReuters; AFP - 659 words
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Article143 2011-06-30 1 GST INDEX 3,079.74 (+28.95) G ST INDEX FUTURES 3,080 (+29) G SIMSCI 356.30 (+3.78) G SIMSCI FUTURES 356.70 (+4.90) FOREX US$ S$ US$ (S$ per US$) 1.235 (US$/S$ per 1.599 1.975 EURO (US$/S$/E) 1.440 1.779 Foreign currency per US$ S$ YEN 81.10 65.60 RM 3.036 2.457 HK$ 7.783143 words
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Page 1 Advertisements
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Advertisement59 2011-06-30 1 NEW IMF CHIEF Tharman eager to work with Lagarde on threats to financial stability PAGE 2 N M S National Museum of Singapore rpjiQiirpQ nf VACHERON CONSTANTIN A legacy of watchmaking since 1755 World's First Grand Heritage Exhibition 24 Jun 14 Aug 201 1 National Museum of Singapore 10am 6pm59 words
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Advertisement12 2011-06-30 1 COMPANIES Japan Land to be delisted today without exit offer PAGE 612 words
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Advertisement9 2011-06-30 1 SHIPPING Low freight rates are unsustainable: Maersk PAGE 229 words
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Advertisement14 2011-06-30 1 BizIT Making a Blaast in the mobile phone market PAGE 26 8 '*****1 *****414 words
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TOP STORIES
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Article504 2011-06-30 2 Profit margins for DBSS developers ‘look high’ DEVELOPERS can make gross profit margins of up to 76 per cent from the public housing projects they develop under the HDB’s design, build and sell scheme, data compiled by BT shows. Five out of the seven DBSS projects launched since504 words
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Article, Illustration662 2011-06-30 2 LEE U-WEN - He says they agree on importance of continued reforms to Fund governance By LEE U-WEN [SINGAPORE] Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam is eager to work with new International Monetary Fund (IMF) managing director Christine Lagarde to address immediate threatsBLOOMBERG - 662 words
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Article, Illustration713 2011-06-30 2 HUGO DIXON - By HUGO DIXON DEAR Greeks, REUTERS BREAKINGVIEWS The anger you feel about your plight is understandable. You are staring at several unpalatable alternatives, all of which will involve big cuts in living standards for years to come. But the options youREUTERS - 713 words
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504 2011-06-30 2 EMILYN YAP - By EMILYN YAP [SINGAPORE] Shares of the three local banks rose on the stock market yesterday, unaffected by news of tougher capital adequacy rules to come in Singapore. United Overseas Bank (UOB) was the biggest gainer among the three, climbing 40 cents or504 words
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604 2011-06-30 4 LYNETTE KHOO - Lui Tuck Yew urges them to tap growth opportunities in Pearl River Delta region By LYNETTE KHOO [SINGAPORE] Several memoranda of understanding (MOU) and agreements involving Singapore companies were inked yesterday in Guangzhou where the third Singapore-Guang-dong Collaboration Council (SGCC) meeting604 words
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Article, Illustration740 2011-06-30 4 PAULINE NG - By PAULINE NG in Kuala Lumpur IF there is one immediate tangible arising from Khazanah Nasional and Temasek Holdings’ joint statement of intent on Iskandar Malaysia, it is in the confidence department. Sentiments have been tremendously boosted, corporate players declared yesterday, mostBLOOMBERG FILE PHOTO - 740 words
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Article, Illustration473 2011-06-30 4 SIOW LI SEN - By SIOW LI SEN [SINGAPORE] They may be very rich but time is one thing that even the wealthiest Asians cannot buy, and it seems to be why securing the future for the grandchildren is not a priority, a survey473 words
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Article, Illustration951 2011-06-30 4 VEN SREENIVASAN - NEWS ANALYSIS By VEN SREENIVASAN [SINGAPORE] Tony Fernandes may not yet be Asia’s version of Richard Branson, but the founder and boss of AirAsia sure knows how to put up a show. Following the first threeREUTERS - 951 words
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Advertisement113 2011-06-30 2 day V v. k. </ r Round-the-clock Relief For Blocked Nose Cold The ONCE-DAILY, non-drowsy formulation for fast relief that lasts up to 24-hours. Available Now At All Major Pharmacies and Selected Clinics. *Clarinase 24hr is for adults and children 12 years and above. Individual response varies. Exercise due caution113 words
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Advertisement63 2011-06-30 3 Inspired performance. Unleashing soon. Register at www.infiniti-singapore.com and be the first to receive priority updates on Infiniti cars. Alternatively, call our Infiniti Brand Ambassadors at 6378 2623 or email infiniti.sales@wearnes.com tofindoutmore. Inspired Performance I N F I N I T I WEARNES AUTOMOTIVE 45 LENG KEE ROAD SINGAPORE *****3 T:63 words
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Advertisement88 2011-06-30 4 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 by88 words
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Advertisement17 2011-06-30 4 Call 1800 289 8822 I or e-mail notices@sph.com.sg to publicise your Financial Statements WATS S NOTICES Si17 words
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Advertisement540 2011-06-30 5 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 and540 words
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COMPANY NEWS
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713 2011-06-30 6 LYNETTE KHOO - Final nail in coffin is failure to get SGX nod for its proposed restructuring DELISTINGS AND TAKEOVERS By LYNETTE KHOO IT built the largest data centre in Singapore, and possibly the region, and was coveted enough to be the target of a713 words
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Article, Illustration488 2011-06-30 6 JOYCE HOOI - By JOYCE HOOI PORTEK International, the target of an acquisition bid by International Container Terminal Services, Inc (ICTSI), might be making some headway with another party that is interested in it, BT understands. The firm which has not been identified but had beenAFP - 488 words
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871 2011-06-30 6 FELDA CHAY - By FELDA CHAY GENERAL Magnetics yesterday pointed its finger at the Singapore Exchange (SGX) for the predicament that its minority shareholders now face, alleging that the exchange did not give the multimedia products firm sufficient time to make a reasonable exit offer before871 words
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Article, Illustration478 2011-06-30 7 CONRAD TAN - OCBC’s Conner sees foreign lenders charging relatively more for loans By CONRAD TAN CHANGES in banking rules worldwide are likely to give local banks in each country an advantage over foreign banks, OCBC Bank chief executive David Conner said yesterday. New regulations will478 words
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617 2011-06-30 7 MICHELLE TAN - HOCK LOCK SIEW By MICHELLE TAN SOME may see it as just a matter of accounting treatment but a potential change in accounting standards relating to the classification of leases which will lead to companies having to recognise operating lease payments as a617 words
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232 2011-06-30 7 JASMINE NG - DBS to tap S’poreChina currency swap facility By JASMINE NG DBS Bank has applied to the Monetary Authority of Singapore (MAS) to tap the bilateral currency swap agreement established between the central banks of Singapore and China. It said this groundbreaking initiative, to provide renminbi (RMB) financing to a Singapore-based232 words
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Article, Illustration379 2011-06-30 9 NISHA RAMCHANDANI - New planes will fly on Asia, Australia, Middle East routes By NISHA RAMCHANDANI [SINGAPORE] Singapore Airlines (SIA) is leasing 15 additional A330-300 aircraft from the world’s largest plane-maker Airbus, with plans to deploy the new planes on routes within Asia as well as toST FILE PHOTO - 379 words
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256 2011-06-30 9 JAMIE LEE - By JAMIE LEE FULL Apex Holdings is facing pressure from some unnamed shareholders to buy up their shares at an independent valuation price. The Chinese company, which makes plastic bottles, said yesterday that it had received a copy of petition256 words
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557 2011-06-30 9 Reuters [SINGAPORE] The Singapore Mercantile Exchange (SMX) could launch new futures contracts in iron ore and coal in the fourth quarter of the year, the new head of the exchange said yesterday. Vaidyalingam Hariharan, the exchange’s interim chief executive, also toldReuters - 557 words
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COMPANY BRIEFS
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53 2011-06-30 9 BH Global Marine Ltd said that its subsidiary, PT BH Marine Offshore Engineering (PTE), has signed a $15 million electrical and fabrication contract with a major Indonesia oil company. The expected start and delivery date is third quarter 2011 and progressively by first53 words
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105 2011-06-30 9 KHONG Guan Flour Milling Ltd posted a 22.42 per cent fall in profit for the full year ended on April 30, 2011 from $5.90 million the previous year to $4.57 million. Revenue slid 4.15 per cent from $59.56 million to $57.08 million. The105 words
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81 2011-06-30 9 NOL Group opened its new terminal at the Port of Qingdao, well ahead of schedule. It was originally expected to open in the second half of 2011. The inaugural call at the terminal was made yesterday by APL Dubai, a 6,574 TEU vessel81 words
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Article38 2011-06-30 9 YUEXIU Property Company said yesterday that it has inked an agreement for an unsecured three-year term loan facility of up to HK$1 billion (S$158.5 million) with a bank, which it did not name.38 words
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247 2011-06-30 9 JOYCE HOOI - The deals, worth $140m, were awarded by fleet operators in Brazil By JOYCE HOOI KEPPEL Offshore Marine’s new shipyard in Brazil Keppel Singmarine Brasil (KSM Brasil) has won two newbuild contracts worth about $140 million from fleet operators in Brazil. One of the contracts247 words
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227 2011-06-30 9 CARINE LEE - By CARINE LEE VIKING Offshore and Marine is no longer a substantial shareholder of United Envirotech Ltd (UEL) after it sold 32 million shares in the wastewater treatment company for $9.66 million, lowering its stake to 4.48 per cent from 11.19 per cent. The227 words
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Advertisement1668 2011-06-30 6 SM SUMMIT HOLDINGS LIMITED (Incorporated in Singapore on 31 March 1984) (Company Registration No.: *****1088W) NOTICE OF EXTRAORDINARY GENERAL MEETING (“EGM”) NOTICE IS HEREBY GIVEN THAT an EGM of the shareholders of SM Summit Holdings Limited (the “Company”) will be held at Paramount Hotel Singapore, Parawave@level 4, 25 Marine Parade,1,668 words
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Advertisement78 2011-06-30 6 herworld.com Over $6,000 worth of prizes including luxury holiday at the Baros Maldives Go to www.herworld.com/weeklygiveaways now to participate!) We have 2 Samsung Dual LCDs Cameras ST700 to give away worth a total of $918 Goldheart Mode Tres Bleu v£y diamond pendant worth $838 and $1,500 worth of gift vouchers78 words
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Advertisement116 2011-06-30 7 WINNER IG Markets I Investment^Trends Sept 2010 Singapore CFD Report Highest overall Singapore's No.1 CFD provider for customer satisfaction. 5o I- .4m no 08 Z4M 08 HB *****836 L B2 HB 2425 IG Markets ranked first for overall customer satisfaction. Clients praised our value for money and tight spreads. We116 words
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SINGAPORE MARKETS
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Article, Illustration590 2011-06-30 8 R SIVANITHY - ST Index advances 28.9 points following a firm opening in Europe STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) rose 28.95 points to 3,079.74 yesterday in response to a firm opening in Europe and hopes that Wall Street would be able to extendSource: Bloomberg - 590 words
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Article114 2011-06-30 8 Stock name Close Change Stock name Close Change CapMallsAsia 1.480 +0.020 CapitaLand 2.870 +0.030 CapitaMall 1.880 -0.020 CityDev 10.260 +0.020 ComfortDelGro 1.420 +0.020 DBS Grp 14.400 +0.100 F&N 5.650 +0.050 GLP 2.050 +0.040 Genting SP 1.940 +0.030 Golden Agri 0.680 +0.005 HK Land 7.050 -0.010 JMH114 words
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Article186 2011-06-30 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 3 3 0 0 0 10 3 3 Manufacturing 57 29 56 3 4 14 60 33 70 Commerce 18 11 25 4 2 4 22 13 29 Tpt/Stor/Comms 28 5 9186 words
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Article117 2011-06-30 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 36,132 36,132 88,148 88,148 Manufacturing 295,845 21,258 317,103 151,575 688 152,263 Commerce 44,226 3,267 47,493 72,191 513 72,704 Tpt/Stor/Comms 135,491 16,343 151,834 218,927 1,681 220,608 Finance 16,232 16,232 186,466 186,466 Construction 63,950 2,653 66,603 23,299117 words
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Article66 2011-06-30 8 Jun 29 VALUE CLOSE BT OB/OS 17.00 +226.0 BT CADI -*****.00 +124.0 BT 10-day MA -*****.00 +1.00 FTSE ST Mid Cap 738.61 +3.51 FTSE ST Small Cap 517.41 +2.93 FTSE ST All Share 753.34 +6.35 FTSE ST China Top 250.33 +0.82 FTSE ST China 287.78 +0.58 FTSE66 words
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Article60 2011-06-30 8 VOLUME EastgateTech 125,662,000 Golden Agri 73,280,000 Genting SP 54,746,000 HPH Trust US$ 49,848,000 PSL Hldgs 49,349,000 Artivision 46,376,000 SingTel 27,277,000 Samko 17,635,000 MDR 17,134,000 Yangzijiang 16,213,000 VALUE($) Genting SP 105,775,110 SingTel 84,205,400 UOB 77,756,480 DBS Grp 57,358,580 HPH Trust US$ 50,498,771 Golden Agri 49,688,120 Keppel Corp 45,437,86060 words
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BROKERS’ TAKE
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Article, Illustration419 2011-06-30 8 June 29 close: $2.98 OCBC Investment Research, June 29 ST ENGINEERING’s (STE) electronics arm ST Electronics (STEL) has secured contracts worth around $58 million for Intelligent Transport Systems (ITS) and In-fo-Security (IS) projects as orders continue to flow in. Earlier in June, its marine arm ST Marine (STM)Source: Bloomberg - 419 words
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Article373 2011-06-30 8 JOYCE HOOI - Compiled by JOYCE HOOI June 29 close: $2.51 DMG Partners Research, June 21 M1 has launched Singapore’s first commercial Long Term Evolution (LTE) network in selected parts of the republic. The coverage will be progressively expanded is-land-wide by Q1 2012. The telco is rolling out the service to enterprise373 words
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Article135 2011-06-30 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,135 words
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Article, Illustration428 2011-06-30 8 CURRENCIES Reuters [NEW YORK] The euro rose against the US dollar yesterday after Greece’s Parliament approved austerity measures needed to avoid a default, though concern over whether the government can implement them could limit gains. Greek Prime Minister George Papandreou won a parliamentaryReuters; BLOOMBERG - 428 words
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Article111 2011-06-30 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 173.0 1.1 DBXT MSKorea 10US$ 6234 169.3 2.2 JMH 5488 133.4 2.0 IS DJ US Tech 6405 132.2 1.7 JSH 3080 111.2 3.0 GLD 10US$ ***** 81.5 0.4 DBXT E50 10US$ 4452 56.8 1.0 DBXT MSAsExJp 10US$ 3328 50.7 1.2 Jardine111 words
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Article117 2011-06-30 8 BY CENTS CLOSE DOWN DBXT DBCBDJUBS 10US$ 3706-135.9 -2.9 DBXT S&P Short 10US$ 4280 -70.4 -1.3 DBXT DBLCI-OY 5US$ 4076 -56.8 -1.1 Asia Pac Brew 2880 -50.0 -1.7 CombWill 100 266 -25.0 -8.6 DBXT MSJAP 10US$ 3820 -18.5 -0.4 OmegaNav 73 -10.0 -12.0 SembMarMBLeCW*****2 5.5 -9.5 -63.3 SIMSCI380MBePW*****9 53.5117 words
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Advertisement918 2011-06-30 9 (Incorporated in Kuwait with limited liability) Head Office: Abdullah Al-Ahmed Street P.O. Box 95, Safat ***** Kuwait Consolidated Statement of Financial Position As at 31 December 2010 Consolidated Statement of Income For the year ended 31 December 2010 2010 KD000’s 2009 KD000’s Assets 2010 KD000’s 2009 KD000’s Interest income 481,915918 words
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SINGAPORE NEWS
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Article, Illustration517 2011-06-30 10 LEE U-WEN - He urges countries to tap on sector’s potential as a key source of growth By LEE U-WEN TRADE and Industry Minister Lim Hng Kiang has called on countries to tap the vast potential of the services sector as a key source of517 words
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393 2011-06-30 10 LYNN KAN - By LYNN KAN ASIA may well replace the United States as the centre of innovation for medical technology, said Thomas Fogarty, the father of minimally invasive surgery. This, however, will take place only if the region avoids over-regulation, said Dr Fogarty393 words
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544 2011-06-30 10 GRACE LEONG - Singapore Court of Appeal overturns High Court ruling By GRACE LEONG THE Revenue and Customs Service in Britain scored a major legal victory in Singapore that could bring it closer to recovering about S$84 million from two Singaporean businessmen mired in an alleged tax544 words
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869 2011-06-30 10 GRACE LEONG - 4 children seek to regain assets pledged to charities from mother By GRACE LEONG THE family of Tan Kiam Toen, the late founder of Afro-Asia Shipping Co, are locked in a bitter dispute over assets that he and his wife willed869 words
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Article, Illustration686 2011-06-30 10 MALMINDERJIT SINGH - By MALMINDERJIT SINGH STUDYING the problem of income inequality would be a key priority for the new director of the Institute of Policy Studies (IPS), Janadas Devan. Mr Devan, who was unveiled as IPS’ new director yesterday, told BT that he686 words
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457 2011-06-30 10 MINDY TAN - By MINDY TAN WHILE family businesses in Asia are engaged in corporate social responsibility (CSR) activities, not enough is being done to integrate it into their business strategies. A report, conducted by CSR Asia in partnership with Family Business Network457 words
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246 2011-06-30 10 Firms urged to raise quality, standards of products services IMPROVING quality and standards could be a key business strategy to increase productivity and confidence in Singapore’s products and services. These statements were made by Minister of State for Trade Industry and National Development, Lee Yi Shyan, at the Quality and246 words
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ECONOMY WATCH
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Article, Illustration796 2011-06-30 11 ANTHONY ROWLEY - 5.7% jump in May comes as quake-hit production facilities come on stream By in ANTHONY ROWLEY in Tokyo JAPAN’S industrial output rose by a larger-than-ex-pected 5.7 per cent in May compared with April, registering its highest monthly gain sinceREUTERS FILE PHOTO - 796 words
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370 2011-06-30 11 Exports exceed imports by A$16.8b last year Bloomberg [SYDNEY] Australia recorded its biggest trade surplus last year, driven by higher prices for iron ore and increased shipments to China, the Canberra-based Department of Foreign Affairs and Trade said. Exports exceeded imports by A$16.8Bloomberg - 370 words
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409 2011-06-30 11 Bloomberg [OTTAWA] The cost of funerals, smartphones and retail club memberships will be reflected in Canada’s main inflation index for the first time as Statistics Canada adjusts the measure to reflect changing consumer habits. The country’s statistics agency will include the tweaks to theBloomberg - 409 words
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288 2011-06-30 11 Reuters [SEOUL] South Korea said it would require banks to raise risk weightings in their capital ratios for heavy borrowers as part of measures announced yesterday to prevent heavy household debts from causing a fresh financial crisis. Other measures announced jointly byReuters - 288 words
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Advertisement2189 2011-06-30 11 c-J 1 NOTICES BUY IT• SELL IT- FIND IT NOTICE OF ANNUAL GENERAL MEETING >i SINGXPRESS LAND LTD. [Formerly known as SINGXPRESS LTD.] (Company Registration No.: *****3164K) S I N (Incorporated in the Republic of Singapore) XPRESS NOTICE IS HEREBY GIVEN that the Annual General Meeting of SingXpress Land Ltd.2,189 words
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INDONESIA
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741 2011-06-30 12 Listing also rekindles debate on the governance of premium-listed firms Reuters [LONDON] Shares in Bumi plc, the mining venture founded by Nat Rothschild, listed under their new name on Tuesday, giving Indonesia’s Bakrie family a foothold in London and rekindling debate on theReuters - 741 words
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Advertisement3761 2011-06-30 12 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg SINGAPORE AIRLINES LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****0078R NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Thirty-Ninth Annual General Meeting of Singapore Airlines Limited (“the Company”) will be held at the Marina Mandarin Ballroom, Level3,761 words
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GREATER CHINA/INDIA
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Article, Illustration657 2011-06-30 13 Subbarao’s 3-year term ends in Sept and it is not likely to be extended Reuters [NEW DELHI] With Reserve Bank of India governor Duvvuri Subbarao’s three-year term due to end in September, speculation is heating up over who will replace him if, asReuters - 657 words
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331 2011-06-30 13 Reuters [NEW DELHI] India’s cornered Prime Minister Manmohan Singh yesterday brushed aside widespread criticism that he was a “lame duck” leader presiding over a government mired in graft and policy paralysis, but offered little in the way of policy steps that he would take up.Reuters - 331 words
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Article441 2011-06-30 13 It remains a problem over next decade: PBOC adviser Bloomberg [BEIJING] China’s inflation, already at an almost three-year high, is “most likely chronic” and will remain a problem over the next decade, Li Daokui, an academic adviser to the People’s Bank of China said. The centralBloomberg - 441 words
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Article267 2011-06-30 13 Reuters [BEIJING] Chinese carmaker BYD faces a weak outlook after it reported an 84.4 per cent drop in quarterly earnings on a steep slowdown in the world’s biggest car market. The company’s second-quarter outlook remains dim as BYD’s battery, handset component and assembly businessesReuters - 267 words
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Advertisement16 2011-06-30 13 Lianhe Zaobao Gaining a foothold in the region To subscribe, call 6388-3838 or go to sphsubscription.com.sg16 words
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Advertisement341 2011-06-30 13 .~~_/&/.(!>&/[<--+<+{<*)\"!!$@- IP INTERACTIVE PTE. LTD. (IN MEMBER’S VOLUNTARY LIQUIDATION) (“THE COMPANY”) Company Registration No. *****3419Z 100 Beach Road, #25-06 Shaw Towers, Singapore *****2 NOTICE OF SPECIAL RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AN EXTRAORDINARY GENERAL MEETING OF IP INTERACTIVE PTE. LTD. (“THE COMPANY”) WAS DULY CONVENED AND HELD AT 100341 words
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Advertisement380 2011-06-30 13 IN THE MATTER OF THE COMPANIES ACT, CAP.50 AND IN THE MATTER OF TEAMCON PTE LTD UEN CO REG NO: *****1281 D MEMBERS’ VOLUNTARY WINDING UP At an Extraordinary General Meeting of Teamcon Pte Ltd convened and held at 14 Mount Elizabeth #10-04 Singapore *****2 on 23 June 2011, the380 words
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Advertisement1992 2011-06-30 13 :^ATci O NOTICES IT• SELL IT• FIND IT 1 THE HOURGLASS THE HOURGLASS LIMITED (Incorporated in the Republic of Singapore) (Co. Reg. No. *****1972D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 32nd Annual General Meeting of the Company will be held at Singapore Marriott Hotel, Legacy1,992 words
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WORLD
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Article, Illustration980 2011-06-30 14 There are fears that inferno will reach thousands of drums of low-level waste AP [LOS ALAMOS, New Mexico] A wildfire near the desert birthplace of the atomic bomb advanced on the Los Alamos laboratory and thousands of outdoor drums of plutonium-con-taminated wasteAP - 980 words
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Article373 2011-06-30 14 Judge made me ‘the human pinata of Wall St’: fraudster AFP [NEW YORK] Bernard Madoff, sentenced to 150 years in jail for the biggest financial scam in US history, on Tuesday said the judge in his case had made him a “human pinata” and passedAFP - 373 words
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244 2011-06-30 14 Reuters [MOSCOW] Russia cut electricity supplies to Belarus yesterday over US$43 million in unpaid debts, upping pressure on President Alexander Lukashenko who is grappling with one of the worst economic crises of his 17-year rule. Russia’s troubled western neighbour, struggling with a balanceReuters - 244 words
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595 2011-06-30 15 The settlement will form part of the Q2 loss of US$8.6-9.1b incurred by the bank Bloomberg [NEW YORK] Bank of America Corp, the biggest US bank, agreed to pay US$8.5 billion to resolve claims over soured mortgages after bondholders including BlackRock Inc demandedBloomberg - 595 words
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422 2011-06-30 15 Bloomberg [BANGKOK] Thai Prime Minister Abhisit Vejjajiva said his ruling Democrat party, trailing in polls, is “gathering momentum” ahead of a July 3 election. “I am optimistic,” he said in an interview at a campaign stop in Samut Sakhon province outside ofBloomberg - 422 words
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Article, Illustration534 2011-06-30 15 AFP [MONTREAL] A shortage of mining specialists in Canada is hobbling the industry at a time when emerging giants India and China are pushing demand for ores and precious metals to record highs, experts say. “You can’t find good geologists,” Rene Marion, chiefAFP - 534 words
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Article, Illustration404 2011-06-30 15 Reuters [MILAN] Shares of Italian luxury shoemaker Salvatore Ferragamo rose in their first day of trading yesterday, defying expectations for a muted debut. The Florence-based maker of shoes worn by Hollywood stars, such as Audrey Hepburn and Marilyn Monroe, trimmed debut gains to be upReuters; AP - 404 words
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395 2011-06-30 16 But he still won approval for another two-year stint as head of Nissan AP [YOKOHAMA, Japan] Nissan chief executive Carlos Ghosn fielded some tough questions from shareholders about his 982 million yen (S$15.03 million) paycheck yesterday, but won approval with no problems forAP - 395 words
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Article, Illustration826 2011-06-30 16 2 Brazilians and their govt fend off Casino competition Bloomberg [RIO DE JANEIRO] An alliance between two Brazilian billionaires and their nation’s government may help Carrefour SA fend off competition from Casino Guichard-Perrachon SA in the world’s second-biggest emerging market. Andre Esteves, the 42-year-oldBloomberg; BLOOMBERG - 826 words
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755 2011-06-30 16 AFP [WASHINGTON] The White House and top lawmakers have finally reached a deal to allow long-stalled trade pacts with South Korea, Colombia and Panama to move ahead in Congress, officials said on Tuesday. The deal will allow a Senate panel to start work this weekAFP - 755 words
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Article, Illustration566 2011-06-30 16 AFP [SYDNEY] Australia’s mining industry the main driver of its booming economy is 83 per cent for-eign-owned and huge profits go overseas, according to a study released yesterday by the Greens party. The report, produced by a private consultant commissioned by the Greens, saidAFP - 566 words
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Article, Illustration838 2011-06-30 17 MALMINDERJIT SINGH - Appointing Lagarde as IMF chief at this time could prove to be either a masterstroke or a big blunder COMMENTARY MALMINDERJIT SINGH Correspondent CHRISTINE Lagarde’s appointment as the new managing director of the International Monetary Fund (IMF) comes as little surprise even though she838 words
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321 2011-06-30 17 AP [BRUSSELS] Deutsche Boerse and NYSE Euronext yesterday requested the European Union’s approval of their merger, kicking off what is expected to be a lengthy probe of the potential threats to competition from the combination of the two stock exchanges. Deutsche BoerseAP - 321 words
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Article, Illustration65 2011-06-30 17 [SINGAPORE] People appear dwarfed by the structure of “Supertrees” seen against the skyline near Marina Bay Sands. These “Supertrees” are vertical gardens, embedded with environmentally sustainable functions and range from 25-50 metres in height, and focus on a display of tropical flowering climbers, ferns and epiphytes. They areAP - 65 words
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322 2011-06-30 17 LATEST US DATA Bloomberg [WASHINGTON] More Americans than forecast signed contracts last month to buy previously owned homes, signalling the residential property market may be rebounding from a slump earlier in the year. The index of pending home resales increased 8.2 per centBloomberg - 322 words
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225 2011-06-30 17 Reuters [HONG KONG] Asians are becoming increasingly averse to borrowing and now prefer local banks since the global financial crisis battered confidence in international lenders, a study showed yesterday. About 70 per cent of Asians now believe that “borrowing is always risky”, a 27Reuters - 225 words
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533 2011-06-30 17 The trading group lost at least tens of millions on the deal Bloomberg [NEW YORK] Morgan Stanley, the firm targeting a 2 per cent market-share gain in fixed-income trading this year, was burned by a wager on US inflation expectations in the secondBloomberg - 533 words
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Advertisement2230 2011-06-30 14 (Company Registration No.: *****3164K) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING All capitalised terms in this Notice of Extraordinary General Meeting and defined in the circular dated 30 June 2011 (the "Circular") shall, unless otherwise defined herein, bear the respective meanings ascribed thereto in the Circular.2,230 words
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Advertisement1453 2011-06-30 15 KSH HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 9 March 2006) (Company Registration Number: *****3337G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 5th Annual General Meeting of KSH HOLDINGS LIMITED will be held at Furama City Centre Singapore, Ballroom 2, Level 5, 60 Eu1,453 words
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Page 16 Advertisements
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Advertisement50 2011-06-30 16 tablet THE HEARTBEAT OF THE INDIAN COMMUNITY RUNNING TO FITNESS More Indians are exercising and jogging to shed the pounds and stay healthy OSCARS NOT THE BENCHMARK They are only recognising the best of American talent, says Kamal Haasan GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST50 words
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Advertisement27 2011-06-30 16 The NEW WW* Android app <s r+ 0 SgBfqVyHT°D fl '"S BEST MUSIC FHE MARRIED MEN <r.r,t; S Q) (^5 q> DOWNLOAD IT FREE AT RADI09I3.COM NOW!27 words
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Advertisement200 2011-06-30 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HDF FINANCE ASIA PTE. LTD. (IN MEMBERS’VOLUNTARY LIQUIDATION) Company Registration Number *****3504E NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the CompaniesAct, Cap. 50, that the final meeting of the members200 words
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Advertisement52 2011-06-30 17 Heartbeat Of The Indian Community Incisive features from India, news about the local Indian community, as well as business, education, entertainment, food and sports... with an Indian slant of course. t a a COMW.Uil'l HE INDIAN tHEH^TBEAtOT hwjusw* fcSBSK* 2^32=gl Q5SSS3 sSss-'^-'S For more details, call 9171 -4327 9693-0266 or52 words
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EDITORIAL & OPINION
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Article, Illustration971 2011-06-30 18 JEFFREY FRANKEL - Some measures aimed at reducing price volatility have done more harm than good B y JEFFREY FRANKEL The writer is professor of government at Harvard University’s John F Kennedy School of Government in Cambridge UNDER French President Nicolas Sarkozy’s leadership, the G-20 has made addressingREUTERS - 971 words
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489 2011-06-30 18 EDITORIAL ON Monday, Prime Minister Najib Razak said the Malaysian Cabinet had decided that the private sector should allocate at least 30 per cent of all decision-making positions to women. It has five years to do so. Mr Najib lamented the fact that only 7.6489 words
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Article, Illustration809 2011-06-30 18 ANTHONY ROWLEY - THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent FRENCH Finance Minister Christine Lagarde has been confirmed as managing director of the International Monetary Fund (IMF), replacing Dominique Strauss-Kahn who quit last month in “unusual” circumstances. That much was expected, but what was not widely809 words
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Article, Illustration1330 2011-06-30 19 TOMOKI FUJI I - Fukushima shows the increasing importance of limiting the risk of rare catastrophic events for society’s well-being By TOMOKI FUJI I The writer is an assistant professor of economics at the Singapore Management University School of Economics. This BT-SMU series on Sustainable Business is a lead-up toREUTERS - 1,330 words
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Article, Illustration697 2011-06-30 19 ROB COX, RICHARD BEALES - By ROB COX RICHARD BEALES INVESTORS fixated on the possibility that a Greek default would deliver a shock akin to the Lehman Brothers collapse in 2008 may want to consider another analogy. A restructuring of Greece’s obligations could more closely resemble the orderly wind-down of697 words
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567 2011-06-30 19 ROBERT J BAHASH - By ROBERT J BAHASH The writer is president of McGraw-Hill Education, a global innovator in the development of teaching and learning solutions for the 21st century THE Web and mobile connectivity have been undisputable agents of change across a range of industries, bringing our567 words
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AVIATION
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Article, Illustration933 2011-06-30 20 Union says in letter that crew coerced to work long hours and while ill NYT [NEW DELHI] Air India, India’s unprofitable national carrier, is using “coercion and fear” to compel pilots to fly long hours and while ill, an Indian pilots’ union claims. TheNYT; AFP - 933 words
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Article3215 2011-06-30 20 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 Amsterdam LO4031 0545 KL836 0020 SQ3233,215 words
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422 2011-06-30 20 Airlines should refund expenses that arise: EU court Bloomberg [LUXEMBOURG] Air France SA should be liable to pay compensation to passengers booked on any flight that fails to bring them to their destination, an adviser to the European Union’s highest court said inBloomberg - 422 words
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362 2011-06-30 20 AP [NEW YORK] The Federal Aviation Administration (FAA) is pursuing a penalty of more than US$1 million against Boeing Co because it says that the airplane maker did not follow its own instructions for installing oxygen systems on the B777. The instruction turned outAP - 362 words
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Page 20 Miscellaneous
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Miscellaneous330 2011-06-30 20 CRYPTIC CROSSWORD Across 1 Change into suit (6) 4 Part of Africa traversed by Doug and Alice (6) 8 Paper facing criticism —-anger inside building potentially dangerous (8) 10 Possibly a learner driver’s late autumn road hazard (6) 11 Garment not right for short piece on stage? (4) 12 One330 words
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3946 2011-06-30 21 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination3,946 words
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Page 21 Advertisements
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Advertisement32 2011-06-30 21 Experienced St*l£p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE. CALL JOE WONG AT 9620 1327 G— THE BUSINESS TIMES SHIPPING TIMES32 words
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Advertisement0 2011-06-30 21 ?<'.|)%}~?)=?=:&~"~$&\"^,?;,(;&0 words
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SHIPPING
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Article, Illustration559 2011-06-30 22 JOYCE HOOI - But CEO unfazed by talk of oversupply of container ships as Maersk orders more By JOYCE JOYCE HOOI THE low freight rates that the container shipping industry has been seeing of late are “unsustainable”, Eivind Kolding, Maersk Line’s CEO, told BT yesterday during his559 words
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Article, Illustration563 2011-06-30 22 Plan will increase capacity by 33% to eight million TEUs Bloomberg [RIO DE JANEIRO] Brazil’s government and companies will invest US$18 billion in ports by 2013 to boost cargo-handling capacity as demand surges for the country’s iron ore, agriculture and oil shipments,Bloomberg; REUTERS - 563 words
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Article278 2011-06-30 22 SGX '000 Jun 29 S$ +/-Vol CH Offshore 0.43 0.01 34 Chuan Hup Hldg 0.26 -0.01 30 Cosco Corp 1.94 0.01 5242 CWT Ltd unch unch 0 Ezra Hldgs 1.48 0.04 4145 First Ship Lea 0.35 unch 1880 Freight Links 0.07 unch 2043 Grand Banks unch unch 0278 words
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592 2011-06-30 22 AFP [BUSAN, South Korea] South Korean researchers yesterday showcased an invention which they claim could transform the shipping industry a harbour which goes out to a ship. The Mobile Harbour, a giant barge with a shallow draught and a stabilised crane, was put throughAFP - 592 words
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Page 22 Advertisements
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Advertisement29 2011-06-30 22 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES29 words
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Advertisement15 2011-06-30 22 Experienced shfp maintenance services wanted. Can they find your services here in the Shipping Times?15 words
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SINGAPORE STOCKS
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Article8214 2011-06-30 23 Transaction date: Jun 29 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 14.5 16 7.8 3.9 3.2 74.2 12 4.5 A-Sonic 7.5 unch 60 7.5 7.5 7 7.58,214 words
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Article1523 2011-06-30 24 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 153 152 157 90.8 1.5 0.5 t Advanced System 0.51,523 words
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Article9938 2011-06-30 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.35/ APS Alpha Fund (USD)!** 1.08/ 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 0.6359/ Asian Credit Fund9,938 words
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Article228 2011-06-30 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A46 43 46 3.6 7.6 3.7 119.8 55 18 Genting HK US$ US37 +1.5 ***** 37.5 36 37 37.5 2436.3 21 12 Over&Gen A15228 words
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Article842 2011-06-30 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 117 113.7 115 534.1 1077 832 CIMBAsean40 100US$ US1041 +6 12 1042 1037 1036 1051 41.6 350 283 DBS STI842 words
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FINANCE & COMMODITIES
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374 2011-06-30 25 In local curr In S$ In US$ dy yr dy yr dy yr Jun 28 Index Change Change Change Change Change Change World Index Preliminary 889.5 0.7 -0.9 0.7 -2.2 0.9 1.0 EAFE Preliminary 764.4 0.6 -4.6 0.7 -3.7 0.9 -0.5 Europe Preliminary 1133.2 0.7374 words
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Article79 2011-06-30 25 CRUDE OIL PRODUCTS Jun 28 Jun 28 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.90 2.85 WTI (Near Mth) 92.72 1.28 Dubai (1-Mth F) 102.25 2.02 Tapis blend 111.82 3.03 Minas 108.32 3.03 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.39 2.22 Jet Kerosene 119.20 1.00 US$/barrel79 words
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Article107 2011-06-30 25 Jun 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1330.75 1329.75 1346.50 1328.00 Aug 11 1324.50 1322.75 1338.25 1321.75 Sep 11 1321.00 1316.75 1331.00 1315.00 Nov 11 1319.00 1315.00 1330.00 1312.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 55.34107 words
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Article83 2011-06-30 25 Jun 29 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 29.09.2011 0.32 0.26 0.26 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 NX*****Z 2.250 01.07.2013 103.60 103.68 103.68 5-Year N*****0W 1.125 01.04.2016 100.4383 words
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Article455 2011-06-30 25 Jun 29 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6150 0 7046 Dec11 99.5150 0 4243 Mar12 99.4350 0 1628 Jun12 99.3150 0 1473 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 99.6450455 words
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Article187 2011-06-30 25 Jun 29 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jul 11 441.0 441.0 441.0 6 106 Aug 11 442.0 441.0 442.0 12 170 Sep 11 445.0 445.0 445.0 6 411 Oct 11 444.5 444.0 444.5 12 396 Nov187 words
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Article, Illustration75 2011-06-30 25 www.smx.com.sg As on 28 June 2011 PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Cash Aug-11 1503.1 1499 1500 1496.3 Silver Cash Jul-11 34.16 34.03 33.63 33.58 CURRENCY Euro-US Dollar Sep-11 1.4363 1.4206 1.4342 1.425 Aust-US Dollar Sep-11 1.042 1.0345 1.0414 1.0332 BASE METALS Copper75 words
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Article123 2011-06-30 25 As at 9am Jun 29 Jun 29 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.349 1.273 Can dollar 1.285 1.236 Euro 1.81 1.741 Sterling pound 2.016 1.939 NZ dollar 1.034 0.985 US dollar 1.256 1.208 Local dollars to 100 units123 words
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Article29 2011-06-30 25 Jun 29 Jun 29 Open High Sett STI Jun 3080 SIMSCI Jun 351.7 357.0 356.7 Taiwan Jun 296.8 302.7 301.3 Source: MF Global (S) Pte Ltd29 words
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2618 2011-06-30 25 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 1 150 15 6.00 35 ASJ Hldgs W*****1 1.5 1 4 38 2.67 8 AlliedTech W*****2 1.5 1 4 29 Asia Water Tech Ltd W*****8 3 unch2,618 words
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Article177 2011-06-30 25 Jun 29 $S Offer Bid 0vernight 0.04 0.03 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.05 US$ Offer Bid 7 days 0.25 0.15 1 month 0.28 0.18 2 months 0.32 0.22 3 months 0.36 0.26 6 months 0.46 0.36 9 months 0.70 0.50 12177 words
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Article462 2011-06-30 25 Jun 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.036 6.840 0.735 8.235 47.528 91.181 0.858 11.395 3.212 1.292 90.969 46.008 1.307 7.224 0.879 30.593 32.617 0.662 1.058 Canada 0.965 6.602462 words
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Article87 2011-06-30 25 Jun 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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** Jun 29 6 mths 0.***** 9 mths 0.*****87 words
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Article156 2011-06-30 25 Jun 29 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3069 1.3077 1.0579 1.0584 Canadian dollar 1.2616 1.2620 1.0212 1.0215 Euro 1.7787 1.7795 1.4398 1.4403 NZ dollar 1.0109 1.0121 0.8183 0.8192 Sterling pound 1.9753 1.9756156 words
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Article22 2011-06-30 25 Jun 29 S$ Bid Offer 1-month 1.2354 1.2355 2-months 1.2353 1.2354 3-months 1.2352 1.2353 6-months 1.2346 1.2348 Source: OCBC22 words
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Article138 2011-06-30 25 Jun 29 GOLD (US$/oz) Jun 29 Jun 28 Hong Kong 1512.00 1505.00 Jun 28 Jun 27 London 1503.36 1499.72 1504.13 1500.50 Source: Thomson Reuters CAST BAR Jun 29 (S$) Selling Buying Kilobar 64,496.39 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 144 60 5gm 410 301 10gm 733138 words
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Article71 2011-06-30 25 Jun 28 Jun 28 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2489.00 2478.75 3 months 2520.00 2510.00 Copper, Grade A (US$/tonne) Cash 9060.00 8958.50 3 months 9072.00 8970.00 Lead (US$/tonne) Cash 2569.75 2555.25 3 months 2584.00 2567.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article65 2011-06-30 25 Jun 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 11 3110 3140 3140 3110 230 2473 Aug 11 3096 3118 3122 3096 1125 ***** Sep 11 3089 3109 3115 3087 9220 ***** Oct 11 3090 310265 words
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Article82 2011-06-30 25 Jun 28 COCOA (£/tonne) Close Prev High/Low Jul 11 1899 unch 1911/1885 Sep 11 1918 1912 1925/1900 Dec 11 1939 1934 1946/1925 Mar 12 1953 1947 1957/1939 COFFEE (US$/tonne) Close Pev High/Low Jul 11 2455 2341 2464/2338 Sep 11 2490 2377 2507/2372 Nov 11 2512 2395 2528/2395 Jan 1282 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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983 2011-06-30 26 VICTORIA HO - Finnish firm to bring iPhone-like experience to feature phones, reports VICTORIA HO reports VICTORIA HO FINNISH startup, Blaast, wants to be exactly that in the mobile world. It plans to shake up the concept of smartphones and rich apps, bringing the “iPhone983 words
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501 2011-06-30 26 Integrated with new tools, it is touted to rival Facebook AFP [WASHINGTON] Google, the king of Internet search, but a bust on the social front, launched its rival to Facebook on Tuesday, a social networking service called Google+. “Online sharing is awkward. Even broken. AndAFP - 501 words
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Article160 2011-06-30 26 Reuters [SAN FRANCISCO] RockMelt, a Web browser that integrates Facebook and other social media, reeled in two more Silicon Valley heavy hitters in a new US$30 million round of financing. Accel Partners and Khosla Partners joined existing investor Andreesen Horowitz in this latest round, the companyReuters - 160 words
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352 2011-06-30 26 VICTORIA HO - By VICTORIA HO WITH over half a million e-service transactions made with the Ministry of Defence (Mindef) each month, one could say local soldiers are certainly plugged into technology. All their transactions go through an online portal that handles 167 different352 words
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Article, Illustration729 2011-06-30 26 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY IN a bid to keep cyber networks safe, Singapore has implemented the best practices in testing but inconsistency in the skill levels of the people delivering the service remains a worry, according to an industry watcher. Speaking to BizIT, Dimension Data’s729 words
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Article, Illustration562 2011-06-30 26 AFP [SINGAPORE] More virtual livestock looks set to be traded and petulant fowl hurled at targets as social gaming takes hold in the booming mobile-phone market, industry experts say. Social gaming, made popular by titles such as Farmville and Angry Birds, wasAFP - 562 words
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PROPERTY
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Article, Illustration1121 2011-06-30 27 But Harrison Square project has been stalled by recession NYT [FORT WAYNE, Indiana] One of the quirks that endears Wrigley Field in Chicago to baseball fans is the rooftop view from houses on Waveland Avenue beyond left field. Now, developers in this cityNYT; AFP - 1,121 words
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1658 2011-06-30 27 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Emerald Gdn Apt 02/06/2011 999 1216 2043 1680 One Shenton Apt 06/06/2011 991,658 words
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188 2011-06-30 28 Bloomberg [LONDON] Brighton Pier, a landmark in the English resort that’s attracted visitors including Greta Garbo and Winston Churchill since opening in 1899, was put on the market for an undisclosed price by the leisure and amusement- arcade operator that owns it. NobleBloomberg - 188 words
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Article, Illustration432 2011-06-30 28 Tenures for foreign property buyers extended to 3 years from 6 months now Reuters [DUBAI] A decision to extend visa tenures for real estate investors will “significantly” boost investor confidence in the United Arab Emirates’ struggling property sector, the head ofReuters; BLOOMBERG - 432 words
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255 2011-06-30 28 Value of sales is 14% above long-term quarterly average Bloomberg [SYDNEY] Australian commercial property sales in the second quarter soared by more than four times the value of transactions in the previous three months, when natural disasters dampened activity, real estate servicesBloomberg - 255 words
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Article, Illustration540 2011-06-30 30 Hongqiao Tiandi will be office, restaurant precinct under its Xintiandi brand Bloomberg [SHANGHAI] Shui On Land Ltd will spend about eight billion yuan (S$1.5 billion) to develop an office and restaurant precinct under its Xintiandi brand near Shanghai’s smaller airport and high-speed railBloomberg; BLOOMBERG - 540 words
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324 2011-06-30 30 Cash from asset sales will come in handy for China projects: analyst Bloomberg June 29 (Bloomberg) [HONG KONG] Swire Pacific Ltd, a Hong Kong office and shopping mall landlord, posted its biggest gain in almost six months after saying it is in talksBloomberg - 324 words
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284 2011-06-30 30 THE Urban Redevelopment Authority (URA) tender for a 45-year leasehold industrial site in Tuas View Square closed yesterday with SCB Terraform Pte Ltd placing the highest bid of $7.33 million or $174 per square foot per plot ratio (psf ppr).284 words
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201 2011-06-30 30 THE Council for Estate Agents (CEA) issued two practice guidelines yesterday one in the form of an instruction manual that explains and guides the use of prescribed estate agency agreements for residential transactions, and the other on ethical advertising within the real estate agency industry.201 words
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194 2011-06-30 30 BUSINESS space provider Ascendas launched yesterday its first mobile application, Spacetobe, which will allow comprehensive access to more than 90 properties across Asia from mobile devices. The Spacetobe app is compatible with devices running Android or Apple’s iOS, and is available as a194 words
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Page 27 Advertisements
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Advertisement40 2011-06-30 27 SAVILLS INDUSTRIAL Land the best returns for your industrial properties Savills has over 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world. Call 6536 5022 6415 3636 I savills.com savills AGENCY NO. L*****88B40 words
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Page 28 Advertisements
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Advertisement462 2011-06-30 28 BUILDING WEALTH THROUGH STRUCTURED PROPERTY INVESTMENT INCOME GENERATING ASSETS Benefit from secure and regular income returns plus long-term asset appreciation London Landmark Commercial bldgs with 5.11 6% returns after cost. Hotel Investment 50-1 OOrms hotels in Central London Singapore Commercial Buildings in Shenton Way, Orchard Rd, River Valley vicinity Bloc462 words
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Advertisement178 2011-06-30 28 PRIME ORCHARD AREA COMMERCIAL SPACE nomu Handy Road avant-garde double-storey commercial space contemporary architecture by multi-award winning WOHA wide street frontage, opposite Dhoby Ghaut MRT sale/lease freehold 582 sm (6,265 sf) exclusive, private lift lobby, parking, alfresco terraces ideal for all commercial uses retail/showroom/exquisite offices Kevin Lai +65 9060-2228 kevin_lai@dtzresale.sg178 words
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Advertisement239 2011-06-30 28 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 BRAND NEW239 words
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Advertisement399 2011-06-30 29 N-' IS ftsiI 9 i rHSSPsI 6 5' 3 p*® Iff 'TBS. S&if H s» ;sr> m •i-i w a 1 HT v iiSl i t- hi ii nSmf l|jmiiMiii"»i I non H; bpp i 'Don *"Vi*W.V «-w- .r .w.'-i'*." x i<n fc* *s «K BS Exclusive luxury living at399 words
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Page 30 Advertisements
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Advertisement305 2011-06-30 30 The mm:, mm Discover Battersea... and awaken your senses in London's most vibrant postcode Prices from £511 sqft* Exhibition Weekend 2nd 3rd July 2011, 11 am 6pm, Hilton Hotel Singapore 581 Orchard Road, Level 5, Singapore Room For enquiries and to RSVP, please contact: Ms Annie Heong CEA No. R*****3Z305 words
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Advertisement95 2011-06-30 30 8.56 ACRES RESIDENTIAL DEVELOPMENT SITE IN DISTRICT 21 m SB 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. Largest95 words
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