The Business Times, 25 August 2011

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Microfilm: NL31592
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Thursday, August 25,
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  • Article
    Lock icon Petrochem hub to get a grip on pipes
    631 1  -  Under study is a product grid system on Jurong Island that could include private sector roles By RONNIE LIM [SINGAPORE] It’s in the pipeline or, in this case, a move by Singapore to optimise use of the thousands of kilometres of pipelines
    631 words
  • Article, Illustration
    Lock icon Moody’s cuts Japan govt debt rating
    576 1  -  Yen retreats but Tokyo stocks end marginally higher By ANTHONY ROWLEY JAPAN’s increasingly precarious fiscal position was underlined yesterday as rating agency Moody’s announced that it is downgrading its rating of the country’s government debt by a further notch. Still, the move which brings
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  • Article
    Lock icon MARKETS DIGEST
    144 1 HST INDEX 2,765.15 (-45.25) H ST INDEX FUTURES 2,719 (-45) H SIMSCI 312.60 (-5.70) H SIMSCI FUTURES 313.00 (-4.40) FOREX US$ S$ US$ (S$ per US$) 1.208 (US$/S$ per 1.648 1.990 EURO (US$/S$/E) 1.439 1.738 Foreign currency per US$ S$ YEN 76.60 63.50 RM 2.980 2.467 HK$ 7.797
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      153 1 POLAND The pulse of Europe PAGES 14-15 IWC Portuguese. Engineered for navigators. Portuguese Yacht Club Chronograph. Ref. 3902: "Please make a U-turn if possible." The instruments used by sailors in the tradition of Vasco da Gama are less intrusive. One of the legends of navigation is the Portuguese Yacht Club
      153 words
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      8 1 Tony Tan on nurturing entrepreneurial instincts PAGE 2
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      66 1 PRESIDENTIAL ELECTION 2011 Tan Kin Lian on why he’s the right man for the job PAGE 10 The Businessof Time Time flies. Tomorrow, BT will come with a bumper watch supplement. Industry and sales trends. The latest in timepieces. Watches that get in touch with the feminine side. Why thin
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      15 1 PROPERTY Centrepoint mall’s leasehold plot may be up for collective sale PAGE 2 *****1 *****4
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  • TOP STORIES
    • Article, Illustration
      Lock icon I’ll help the young spread their wings: Tony Tan
      580 2  -  He says he’ll boost entrepreneurship in S’pore in a big way PRESIDENTIAL ELECTION 2011 By CHUANG PECK MING [SINGAPORE] On the home stretch before Polling Day on Saturday, presidential hopeful Tony Tan yesterday zeroed in on how he would like to
      ARTHUR LEE  -  580 words
    • Article, Illustration
      Lock icon Centrepoint mall’s leasehold plot may be up for collective sale
      835 2  -  Zoned for commercial use, 44,700 sq ft plot tipped to fetch about $1,800 psf ppr By KALPANA RASHIWALA [SINGAPORE] An L-shaped leasehold plot on which the rear part of The Centrepoint mall along with some 66 apartments stand could be
      835 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      590 2 Petrochem hub to get a grip on pipes IT’S in the pipeline or, in this case, it’s a move by Singapore to optimise use of the thousands of kilometres of pipelines on petrochemical hub Jurong Island. To maintain the island’s standing as a global refining and petrochemicals hub,
      590 words
    • Article
      Lock icon France raising revenue to defend its rating
      619 4 Package to include higher taxes on the rich, cuts in tax breaks [PARIS] France will seek to raise at least 10 billion euros (S$17.4 billion) in extra revenues with a package including higher taxes on the rich and cuts in tax breaks, aimed
      619 words
    • Article, Illustration
      Lock icon Subtlety, not brute force, key to mastering Laguna’s Masters Course
      391 4  -  MD Bowers says many tee shots reward precision over unabashed length BUSINESS TIMES CORPORATE GOLF LEAGUE By JUSTINE MOSS [SINGAPORE] Participants in the Business Times Corporate Golf League can expect excellent conditions on the award-winning Masters Course when they tee
      391 words
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      57 2 I m --1 Avatar wv.*?? laf 1 SI "5 A Dream System -byONG RADIO Live the Ultimate. Ultra-Luxe Music Systems I Elite Private Theatres Multizone Music Movie I Lifestyle Theatre Systems OngRadio Control Systems ONG RADIO 176 Orchard Road, The Centerpoint #03-41 Tel *****138 I www.ongradio.com Mcintosh Focal Theta ADA
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      18 2 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements W ATct NOTICES
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      67 3 www.vw.com.sg Zero road tax for the next 10 years. a_i •T'4 Polo Golf Touran Scirocco Passat Passat CC t^_ Caddy Transporter To enjoy this offer, test drive at Volkswagen Centre Singapore today. Hurry, offer ends 6 September. T k Volkswagen. Das Auto. Volkswagen Centre Singapore, 26 Leng Kee Road and
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      341 4 SINGAPORE'S P I.T CONSUMER TECHNOLOGY EXHIBITION www.comexshow.com.sg Join us at facebook k -A 4 c£- m 1 4 September, Level 2, Meeting Rooms 208-209 1EX Smart Digital Empowerment Join us at PlayTestOComex to better understand technologies that really matter. Log on to www.olavtest.sg for more details on talks, prizes and
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      26 4 The Businessof Time BT Watch Supplement 2011 for those who love and treasure timepieces. Don’t miss it in BT tomorrow THE BUSINESS TIMES a publication of
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      131 5 Europe s best airline. 18.8 million voted. One was named. Every year, Skytrax, the world's civil aviation audit and service benchmarking programme, announces the best in the airline business. They do this by simply asking frequent flyers. In 2010,18.8 million passengers were asked to choose their favorite airline in Europe.
      131 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Bedok Pt acquisition: FCT unveils funding
      507 6  -  Issue of new units can help raise $75.9m of $127m, mall’s purchase price By FELDA CHAY FRASERS Centrepoint Trust (FCT) released details on how it will fund the acquisition of Bedok Point yesterday, saying that it will issue up to 55 million new units
      FILE PHOTO  -  507 words
    • Article
      Lock icon Sheng Siong stock turns market darling
      299 6  -  It surges 13.9% before closing at 42.5¢, up 7.6% By JAMIE LEE RECENTLY listed supermarket chain Sheng Siong proved to be a market darling yesterday as its shares shot up as much as 13.9 per cent amid market perception that its business is recession-proof.
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    • Article
      Lock icon OUE to propose share purchase mandate
      276 6  -  By JAMIE LEE OVERSEAS Union Enterprise (OUE) will be proposing a share purchase mandate to allow it to purchase its issued shares. It said this yesterday in response to queries from investors wanting to know whether the company has such a mandate. Companies use
      276 words
    • Article
      Lock icon APL adds new Latin American service
      242 6 APL, the shipping line arm of Neptune Orient Lines (NOL), is introducing a new service as part of its plan to expand its coverage of Latin America. The new service is the product of a vessel-sharing agreement with Hamburg Süd. Under the agreement, APL
      242 words
    • Article
      Lock icon Darco clarifies SGX’s new-auditor deadline
      208 6 DARCO Water Technologies Ltd yesterday clarified that the Singapore Exchange (SGX) had indeed provided a deadline by which Darco’s new auditors should be appointed. Darco said in a statement that SGX had, in its letter dated Aug 4, instructed Darco to make the new appointment
      208 words
    • Article
      Lock icon King Wan gets Thai units’ dividend boost
      256 6  -  By KELLY TAY KING Wan Corporation Ltd has received dividend payments totalling $12.4 million from its two associated companies in Thailand. The building services company said yesterday that $12.1 million came from Environment Pulp Paper Co Ltd (EPPCO) and $0.3 million from Ekarat
      256 words
    • Article
      Lock icon Sino-Env owners headed for better times: Avic
      512 7  -  Avic Singapore unveils expansion plans and strong revenue projections By LYNETTE KHOO AVIC International Investments (Avic Singapore), which is aiming to take over embattled Sino-Envi-ronment’s listing status, has assured the latter’s shareholders that they are heading for better times. Just two days before
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    • Article
      Lock icon PEC’s Q4 profit down 64% at $3.5m
      372 7  -  Revenue drops 19% to $101.4 million for same period By JOYCE HOOI PEC Ltd posted a 64 per cent plunge in fourth-quar-ter net profit for the fourth quarter ended June 30, 2011, from $9.6 million to $3.5 million. Revenue for the same period
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    • Article
      Lock icon Stanchart keeps FJB’s ‘outperform’ rating
      244 7  -  By MINDY TAN STANDARD Chartered has maintained its “outperform” rating for FJ Benjamin Holdings (FJB) but lowered its price target for the stock to 40 cents. The 40-cent target, which followed the release of FJB’s FY2011 earnings, still provides an upside of 23 per cent
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    • Article
      Lock icon Tight net interest margins more worrying for banks
      363 7  -  By JAMIE LEE ANALYSTS are more concerned about the impact of tight net interest margins (NIM) on the three local banks in the coming quarters than the impact of a weak swap offer rate (SOR) on bank loans pegged to this benchmark.
      363 words
    • Article, Illustration
      Lock icon Allgreen bows out, Australand is next
      386 9  -  By UMA SHANKARI MALAYSIAN billionaire Robert Kuok’s Singapore property arm, Allgreen Properties, will be delisted today. The delisting comes after a unit owned by members of the Kuok group of companies offered $1.60 for each share in Allgreen in May this year. The offer
      FILE PHOTO  -  386 words
    • Article
      Lock icon Raffles Education profit dips 20%
      347 9  -  Drop would have been bigger if not for fair value gain By TEO SI JIA RAFFLES Education Corporation has posted a 20 per cent decline in net profit to $41.92 million for the year ended June 30, 2011, from FY2010’s $52.56 million. The earnings attributable
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    • Article
      Lock icon Will Scoot be another great way to fly?
      237 9  -  By VEN SREENIVASAN SCOOT! No, we are not suggesting you should get up and run. But Singapore Airlines’ new long-haul budget carrier might have chosen this name to reflect the intent of leisure-travel customers it is targeting. Air Transport Intelligence has reported
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    • Article
      Lock icon Advance SCT in working capital deal with QSCM
      299 9  -  By MICHELLE TAN ADVANCE SCT Ltd (ASCT) subsidiary Advance SCT (Qingyuan) Co Ltd (ASCT Qingyuan) is set to acquire the working capital of Qingyuan Shengli Copper Material Co Ltd’s (QSCM) copper smelting operations. Explaining the rationale behind the acquisition in a press
      299 words
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      220 6 iMl; RCB Reg No: 1? ffi h'ji'] JACKPOT 'a <f> CO TODAY Sales close at 6pm Draw at 6.30pm at PoMo For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit SINGAPORE m New Zealand Relocation and Investment Forum New Zealand cities consistently rank amongst the top cities in the world
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      38 6 Raffles Conversations A collection from The Business Times 52 interviews by The Business Times journalists The diverse experiences of some of the most influential thinkers, corporate chiefs and social activists of the age Available at all leading bookstores
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      130 7 EVERYTHING ELSE, REVOLUTIONARY. When the Jaguar E-Type was launched 50 years ago, it was hailed as a stunning car in every aspect of design, refinement and power. Today, its legendary lineage continues with the Jaguar XK range. Constructed with an all-aluminium body for lightness, it gives excellent rigidity with remarkable
      130 words
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      53 7 Good Class]Bungalow,©'Victoria.Park D 10 Land:.32,088.sq feet s Built: 20,000 sq feet Sa I e :$;73,000, OOOR e ri t: $68,000 per mth iili JERRY LUM Snr Marketing Director, MBA, CES CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K When You Buy,
      53 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon A case of dead cat bounce?
      571 8  -  Singapore market rebounds on the back of a 322-point overnight gain on Wall Street STOCKS VEN SREENIVASAN Senior Correspondent A DEAD cat bounce is defined in the dictionary as a “temporary recovery in stock prices after a steep decline, often resulting from the purchase
      Source: Bloomberg  -  571 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 8 3 0 0 0 3 8 3 Manufacturing 37 85 35 4 5 7 41 90 42 Commerce 16 26 18 4 4 2 20 30 20 Tpt/Stor/Comms 13 23 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 34,620 34,620 140,860 140,860 Manufacturing 182,921 9,271 192,192 219,447 226 219,673 Commerce 277,641 4,631 282,272 198,530 339 198,869 Tpt/Stor/Comms 188,141 1,797 189,938 266,595 162 266,758 Finance 27,588 27,588 308,534 308,534 Construction 27,524 4,594 32,118 5,839
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 8 Stock name Close Change CapMallsAsia 1.180 -0.015 CapitaLand 2.380 -0.060 CapitaMall 1.795 +0.060 CityDev 10.030 -0.160 ComfortDelGro 1.350 +0.045 DBS Grp 12.910 -0.520 F&N 5.610 -0.050 GLP 1.610 -0.010 Genting SP 1.490 -0.035 Golden Agri 0.625 -0.020 HK Land 5.300 -0.260 JMH 50.000 +0.450 JSH 29.520
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      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Aug 24 VALUE CLOSE BT OB/OS -605.00 +157.0 BT CADI -*****.00 -145.0 BT 10-day MA -*****.00 -60.00 FTSE ST Mid Cap 630.16 -5.68 FTSE ST Small Cap 424.09 -3.71 FTSE ST All Share 658.81 -9.90 FTSE ST China Top 196.04 -4.15 FTSE ST China 229.90 -5.49 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      62 8 VOLUME Sheng Siong 160,280,000 Genting SP 144,651,000 Golden Agri 98,760,000 Noble Grp 40,327,000 Cosco Corp 39,277,000 GMG Global 34,372,000 Yangzijiang 28,547,000 HPH Trust US$ 27,999,000 SingTel 25,416,000 Asia Env 18,528,000 VALUE($) Genting SP 219,431,127 DBS Grp 146,119,760 Keppel Corp 100,971,984 UOB 91,058,710 SingTel 75,807,332 SembMar 68,365,230 Sheng
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    • BROKERS’ TAKE
      • Article
        Lock icon Swiber Holdings
        377 8 Aug 24 close: $0.455 OCBC INVESTMENT RESEARCH, Aug 24 KREUZ secures a US$25 million contract with option. Swiber Holdings (Swiber) announced that its 63.17 per cent-owned unit, Kreuz Holdings, has secured a US$25 million contract with a US$10 million option from a leading offshore construction company in the
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      • Article
        Lock icon Overseas Union Enterprise
        420 8  -  Aug 24 close: $2.31 CIMB RESEARCH, Aug 24 Compiled by JOYCE HOOI GOLDEN Concord Asia Limited (GCAL), the controlling shareholder of OUE, has announced that it will be closing its share-financing transaction with Credit Suisse, started in January 2011. With the immediate unwinding of the position, GCAL
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      • Article
        Lock icon GLossary
        133 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter
        133 words
    • Article, Illustration
      Lock icon Swiss franc may offer good value for now
      571 8 CURRENCIES Reuters [LONDON] Swiss central bank action is unlikely to subdue the franc for long and may create a buying opportunity as a gloomy global economic outlook ensures the currency’s safe-haven appeal remains intact. The threat of a default within, or even
      Reuters; BLOOMBERG  -  571 words
    • Article
      Lock icon RISES
      116 8 BY CENTS CLOSE UP DBS Bk 4.7% NCPS 100 ***** 150.0 1.4 JMH 5000 54.3 0.9 IS S&P500 ***** 38.6 0.3 JSH 2952 36.2 1.0 DBXT E50 10US$ 3580 32.6 0.8 STXPO 100 828 28.0 3.5 DBXT MSAXJHDY 10US$ 162.5 24.9 14.5 DBS MB ePW*****5 38.5 22.2 136.2 DBXT
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    • Article
      Lock icon FALLS
      127 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-608.3 -4.6 GLD 10US$ *****-331.9 -1.5 DBXT MSKorea 10US$ 5053-143.6 -2.3 DBXT MSTHAI 10US$ 1567-109.8 -5.5 Asia Pac Brew 2500-100.0 -3.8 Lyxor AsiaCS 10US$ 5156 -92.9 -1.5 DBXT FTVietnam 10US$ 2517 -82.1 -2.6 DBXT MSAsExJp 10US$ 2921 -60.4 -1.7 DBXT SPASX200 10US$
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      125 9 KOREA INVESTMENT FORUM 2011 Marina Bay Sands, Singapore September 7,2011 9.30am 4pm Led by the Vice Minister of Korea's Ministry of Knowledge Economy, the purpose of this forum is to inform financial investors of the opportunities in the Korean private equity, venture capital, and real estate markets, and to strengthen
      125 words
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      203 9 Pre-order these fantastic limited offers now! Enjoy Unbeatable Offers. from Asia Wine Society Moët and Chandon Champagne Get in fast to secure your purchase of Moët Chandon Imperial Brut at this unbelievable price!! Place your order today! Based on a minimum purchase of 24 bottles $63 per bottle for one
      203 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Tan Kin Lian: I’m neutral, will be able to act independently
      627 10  -  Brother, daughter and wife among 15 who spoke at his campaign rally PRESIDENTIAL ELECTION 2011 Reports by LEE U-WEN IT was a family affair as the brother, daughter and wife of presidential hopeful Tan Kin Lian were among the
      REUTERS  -  627 words
    • Article
      Lock icon CSR movement turning to young people
      365 10  -  Inaugural Young CSR Leaders Award marks new direction By MICHELLE YEO YOUNG people are becoming the focus for promoting corporate social responsibility (CSR) as the time comes to build a new generation of CSR-oriented business leaders. Singapore Compact for CSR, the national organisation responsible
      365 words
    • Article
      Lock icon SBF hopes voters favour stability and rationality
      584 10 Otherwise, future business decisions could be affected BUSINESSES in Singapore will continue to invest and expand here if Singaporeans make electoral choices that favour sound economic management and provide political stability. This was the view of the Singapore Business Federation (SBF) in its
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    • Article
      Lock icon Kaki Bukit industrial site up for sale
      358 10  -  By STEPHANIE RIADY THE Urban Redevelopment Authority yesterday launched an industrial site at Kaki Bukit Road 4 for sale by public tender under the confirmed list. The land parcel, which has a site area of about 2.6 hectares and a maximum permissible gross
      358 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon New high commissioner to Australia appointed
        87 10 MICHAEL Teo Eng Cheng has been appointed Singapore’s next high commissioner to Australia. He will assume his post on Sept 5. Mr Teo was high commissioner to the United Kingdom between January 2002 and July this year. Prior to that, he was ambassador to
        87 words
      • Article
        Lock icon Break for vehicle registration number bidding
        43 10 THE LTA has announced that due to the Presidential Election on Aug 27, the weekly bidding exercise for vehicle registration numbers will not be held from Aug 27 to 30. The exercise will resume on Sept 3.
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      • Article
        Lock icon Second run of Redas-NUS course on Sept 21-23
        80 10 THE Real Estate Developers’ Association of Singapore (Redas) is offering the second run of the “Redas-NUS Real Estate Development Law Course”. The course, jointly developed by Redas and the Department of Real Estate at NUS, will be held from Sept 21 to
        80 words
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      457 10 WAT-3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INTERBREW ASIA HOLDING COMPANY PTE LTD (Company Registration No. *****3840H) (IN MEMBERS'VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final
      457 words
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      19 10 CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. NOTICES
      19 words
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      4532 11 VOLUNTARY CONDITIONAL OFFER by 8 DBS DBS BANK LTD. (Company Registration No.: *****0306E) (Incorporated in the Republic of Singapore) for and on behalf of CIENA ENTERPRISES LIMITED (BVI Company Number: *****59) (Incorporated in the British Virgin Islands) to acquire all the issued and paid-up ordinary shares in the capital of
      4,532 words
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  • ECONOMY WATCH
    • Article
      Lock icon German business confidence in August down
      474 12 Ifo index plunges to 108.7 points from 112.9 points in July AFP [FRANKFURT] German business confidence fell sharply this month, the Ifo economic research institute said yesterday as it released the latest in a series of bleak indicators for the eurozone economy. The monthly
      AFP  -  474 words
    • Article
      Lock icon G-20 must do more to correct global imbalances: official
      471 12 The slow progress could cause more instability and holds back recovery Reuters [MUMBAI] The Group of 20 leading and emerging nations has not done enough to correct global imbalances and this could provoke more financial instability, a top Bank of Canada
      Reuters  -  471 words
    • Article, Illustration
      Lock icon Bank of Thailand raises interest rates
      736 12 Benchmark one-day bond repurchase rate up to 3.5% Bloomberg [BANGKOK] Thailand raised interest rates for the seventh straight meeting as Prime Minister Yingluck Shinawatra’s plans to boost wages and rice prices heighten inflation risks even as growth eases. The Bank of Thailand increased its
      Bloomberg; AFP  -  736 words
    • Article
      Lock icon New Zealand posts trade surplus in July
      503 12 Further narrowing of surpluses seen as farming season ends Bloomberg [WELLINGTON] New Zealand unexpectedly posted a trade surplus in July, the first in that month in 20 years, as imports fell to a six-month low. Exports exceeded imports by NZ$129 million (S$128.8 million),
      Bloomberg  -  503 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Cut in palm oil tax may flood market
      674 13 Jakarta expected to announce changes after Ramadan Reuters [JAKARTA] Palm oil investors holding on to Indonesian stocks ahead of possible changes to the country’s export tax could swamp a well-supplied market and further pressure prices already weakened by global economic fears, analysts
      Reuters; BLOOMBERG  -  674 words
    • Article, Illustration
      Lock icon Maybank to consider buying Thai bank
      416 13 It targets operating profit of 40% from outside Malaysia by 2015 Bloomberg [KUALA LUMPUR] Malayan Banking Bhd, Malaysia’s biggest lender, will consider buying a retail bank in Thailand to expand its operations in South-east Asia, chief executive officer Abdul Wahid Omar said. The bank
      Bloomberg; BLOOMBERG  -  416 words
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      128 13 Look no further for Singapore’s award-winning CFD trading platform. Trade forex, shares, indices, commodities and more, all from one account on Singapore’s easiest-to-use CFD trading platform.* Our web-based PureDeal platform is fast, secure and reliable, with a core uptime of 99.8% or above since January 2010. Includes Singapore’s best charting
      128 words
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  • POLAND: THE PULSE OF EUROPE
    • Article, Illustration
      Lock icon Poland – taking the lead
      877 14  - Poland taking the lead Poland, as one of the fastest growing and most successful members of the union, symbolises the new face of Europe, reports VINCENT WEE reports VINCENT WEE POLAND has truly come of age with its ascendance to the presidency of the European Union (EU) Council of Ministers.
      BARTOSZ KUDOWICZ  -  877 words
    • Article, Illustration
      Lock icon A great chance to get closer to Singapore
      1577 14 Q: What will the presidency mean for Poland’s relations in Singapore and Asia? Ambassador Waldemar Dubaniowski: The presidency gives us a great chance to get closer to Singapore and our other Asian partners. These days we are representing Europe in regional foreign
      TAN AI BEE; JACEK SZYMAN’SKI  -  1,577 words
    • Article, Illustration
      Lock icon An attractive investment destination
      1126 15  -  Foreign investment has been at the heart of Poland’s economic transformation since 1989, reports VINCENT WEE reports VINCENT WEE FOR many countries in Asia, including Singapore, Poland is increasingly being seen as the gateway for expansion into Europe. This has resulted in rising foreign investment in
      MARIUSZ CIESZEWSKI; WWW.POLAND.GOV.PL; LUKASZ DEJNAROWICZ  -  1,126 words
    • Article, Illustration
      Lock icon Winning them over
      351 15  -  By VINCENT WEE AS one of five winners of the First Step to Nobel Prize in Physics in 2010, David Yin Jianyang, 21 a Raffles Institution graduate attending Yale University on the Yale Scholarship and SIMRichard KM EU Scholarship was invited for a fully sponsored research stay
      351 words
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      181 15 Intrigued? Turn the page to stimulate your mind more! CO I-OOQ LLJ QC Q- m u. iu |2 S S -i? (O p J 4-< >\ o o CU c C Qj S--c o O *1/1 _c- fli N d) J! u -C -C <o >- N 15 oi N
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  • GREATER CHINA/INDIA
    • Article
      Lock icon New Delhi urges all parties to debate anti-graft watchdog bill
      486 16 Protest leader Anna Hazare refuses to let doctors feed him intravenously AP [NEW DELHI] India’s government worked yesterday to end an eight-day hunger strike protest by a popular protest leader, calling for all the parties in Parliament to debate his
      AP  -  486 words
    • Article
      Lock icon Sanofi unit to buy India firm’sOTC business
      225 16 Transaction expected to close in Q4 this year Reuters [MUMBAI] Aventis Pharma, a unit of France’s Sanofi, said yesterday that it will acquire unlisted Universal Medicare’s nutraceuticals business to boost its consumer healthcare and wellness segment in India. The transaction is expected to
      Reuters  -  225 words
    • Article
      Lock icon China to appeal WTO ruling on raw materials curbs
      320 16 AP [BEIJING] China will appeal a World Trade Organization (WTO) rejection of its curbs on exports of industrial raw materials, the government said yesterday, in a case that Washington and Europe hope will lead to an easing of its restrictions on
      AP  -  320 words
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      1834 16 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg 0 Overseas Bank (Incorporated in India) Central Office: 763, Anna Salai, Chennai 600 002 BALANCE SHEET AS AT 31 ST MARCH 2011 Schedules As at 31.03.11 (Rs. in '000s) As at 31.03.10 CAPITAL LIABILITIES TOTAL CRAR Tier I Capital 14.55% 8.16% 14.26% 8.36%
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      363 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 HWA HONG CAPITAL (PTE) LIMITED (Registered in Singapore) (Co. Reg. No: *****8663C) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 18 August 2011, the following resolutions were duly passed: 1. SPECIAL RESOLUTION -WINDING-UP
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  • WORLD
    • Article, Illustration
      Lock icon Thasksin’s ex-wife’s jail term in tax case rescinded
      285 17 But her brother gets two-year sentence in the same case Bloomberg [BANGKOK] Thailand’s Appeals Court overturned a 2008 tax evasion conviction for the ex-wife of former prime minister Thaksin Shinawatra, whose allies returned to power after winning a majority in an election
      Bloomberg; REUTERS  -  285 words
    • Article
      Lock icon Australian political sex scandal deepens
      574 17 Prostitutes paid with union money, trade union alleges AP [CANBERRA] A political scandal that threatens to bring down Australia’s fragile government deepened yesterday, with a trade union reporting to police allegations that a lawmaker paid prostitutes with thousands of dollars of union money. The allegations
      AP  -  574 words
    • Article
      Lock icon Central banks likely to retain gold holdings
      603 17 Once sold, buying back would be very expensive: Morgan Stanley economist Bloomberg [SINGAPORE] Central banks, net buyers of gold for the first time in a generation, are likely to retain their holdings even if they need to raise cash to counter an escalating
      Bloomberg  -  603 words
    • Article
      Lock icon Durable goods orders up but housing data mixed
      646 18 Worries of recession continue to linger as applications for mortgages fell LATEST US DATA Bloomberg [WASHINGTON] Orders for US durable goods climbed more than forecast in July, but housing data remain mixed, as worries of a recession continue to linger. A surge
      Bloomberg  -  646 words
    • Article, Illustration
      Lock icon Embattled Gaddafi vows ‘martyrdom’ or victory
      474 18 Bloomberg AFP [LONDON] Muammar Gaddafi vowed “martyrdom” or victory a day after Libyan rebels overran his Bab Al Aziziya compound in Tripoli. Col Gaddafi, 69, also called on his supporters to “cleanse” Tripoli of “rats”, Al Arabiya television reported, citing a recording of comments
      Bloomberg; AFP; AP  -  474 words
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      Lock icon ECB’s buying of govt bonds ‘legally questionable’: Wulff
      371 18 Bloomberg [BERLIN] German President Christian Wulff said the European Central Bank’s purchase of government bonds is “legally questionable”, presenting a violation of European Union treaties and damaging to the central bank’s independence. Mr Wulff, whose position as head of state is largely
      Bloomberg  -  371 words
    • Article
      Lock icon ECB’s US dollar funding action goes unused
      432 18 Reuters [FRANKFURT] The European Central Bank’s (ECB) weekly US dollar funding operation was not used yesterday, calming fears that eurozone banks are being increasingly blacklisted by US money market funds in response to the region’s debt crisis. The ECB’s weekly operation, which is
      Reuters  -  432 words
    • Article
      Lock icon Banks must report derivatives deals from end-2012
      509 18 Regulators to keep tabs on US$600t off-exchange trades Reuters [LONDON] Banks must report a minimum set of data on their derivatives trades from the end of next year to help regulators monitor financial stability and spot abuses, a draft plan from market supervisors
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      3 17 "Ready for Love"
      3 words
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      62 17 FREEGOODIEBAG with every September issue purchased at PlayTest@COMEX! Enjoy 30% off subscription gifts. PlayTest@COMEX Learn tips and tricks about gadgets and tech at our exclusive seminars. Date: 1-4 Sep 2011 (Thu-Sun) Venue: Suntec Convention, Level 2 Meeting Rooms 208-209 Log on to www.playtest.sg for details of seminar topics and registration.
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      89 17 ISITE L N B K m HI o M mm fflj a a o mm wm\ Hfei m zm London El i» isir 1 'V > 1 75 Leman Street is the prestigious restoration of a magnificent Edwardian building in the heart of Central London. A collection of 56 luxurious
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  • AVIATION
    • Article, Illustration
      Lock icon Qantas H2 profit slumps as natural disasters affect travel
      561 19 Profit down 83%, net income falls to A$9m in half year from A$54m Bloomberg [MELBOURNE] Qantas Airways Ltd, Australia’s biggest airline, had an 83 per cent decline in second-half profit as natural disasters on three continents slashed travel and outweighed higher
      Bloomberg; AFP  -  561 words
    • Article, Illustration
      Lock icon AirAsia Q2 profit falls 48%; MAS bleeds
      518 19 Bloomberg [KUALA LUMPUR] AirAsia Bhd, Asia’s biggest discount carrier, posted a 48 per cent fall in second-quar-ter profit as higher fuel costs eroded gains from carrying more passengers. Rising expenses also pushed Malaysian Airline System Bhd into its second consecutive loss. Net income
      Bloomberg  -  518 words
    • Article
      Lock icon Delays leave Boeing with US$16b of 787s
      752 19 Bloomberg [SEATTLE] Boeing Co, set to get government approval of its new 787 Dreamliner this week and deliver the first jet next month, expects to spend most of 2012 unwinding the record inventory built during three years of delays to the world’s first
      Bloomberg  -  752 words
    • Article
      Lock icon Airbus to exceed forecast orders for Mid-East, N Africa
      366 19 Reuters [DUBAI] Planemaker Airbus will exceed its forecast for orders from the Middle East and North Africa (MENA) region this year, helped by deals to be finalised at the Dubai Air Show in November, a senior executive said. Airbus, which had
      Reuters  -  366 words
    • Article
      Lock icon Garuda gets flak for intrusive check-ups
      309 19 AFP [SEOUL] Would-be flight attendants in South Korea have accused Indonesia’s national airline of making them strip nearly naked and have their breasts handled in medical check-ups, provoking a storm of criticism. Several dozen candidates for 18 highly-coveted female flight attendant positions with Garuda
      AFP  -  309 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      351 19 CRYPTIC CROSSWORD Across 1 A noble fellow taken in by jargon from money expert (10) 6 A sort of academic bachelor having a lie-in? (4) 9 Strike fear into close friend concealing identity (10) 10 Part of stock of typical farmer (4) 12 Second passionate attempt (4) 13 Around university
      351 words
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  • SHIPPING
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      3692 20 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
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      Lock icon China Cosco reassures investors
      622 21 It says it will settle row over unpaid bills to shipowners Reuters [HONG KONG] China Cosco Holdings, the country’s top shipping company, yesterday sought to reassure investors that negotiations with shipowners over unpaid bills would be resolved and its business remained strong. Cosco’s decision to halt
      Reuters; BLOOMBERG  -  622 words
    • Article
      Lock icon Thoresen Thai to shift dry bulk division here
      458 21  -  Mermaid Maritime’s parent to reflag all owned vessels to S’pore flag By JOYCE HOOI DRY bulk shipping firm Thoresen Thai Agencies (TTA) is sending its dry bulk division southwards to Singapore, in what has been deemed a “major restructuring” move by reports.
      458 words
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      275 21 X-PRESSFEEDERS NOTICE TO TRADE CHENNAI TRADE RECOVERY (CTR) In view of the continuing deterioration of the situation in Chennai, we do not have any alternative but to increase the Chennai Trade Recovery (CTR) to USD 150.00 per TEU. This will take effect from all vessels arriving at Chennai on/after 1
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      316 21 BENGAL TIGER LINE LTD NOTICE TO TRADE CHENNAI TRADE RECOVERY (CTR) Since our last announcement on the imposition of Chennai Trade Recovery (CTR) effective 15 August 2011, we regret to advise that the situation in Chennai has further deteriorated. Trailer congestion both within and outside the port remains serious and
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  • EDITORIAL & OPINION
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      Lock icon Bonds and cash offer comfort now
      516 22 EDITORIAL THE conundrum of negative real interest rates has deepened. Singapore’s July inflation rose 5.4 per cent surpassing analysts’ forecast of a 5 per cent rise due to housing, transport and food. This has occurred against a backdrop of interest rates that have just
      516 words
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      Lock icon Obama’s right in ‘leading from behind’ in Libya
      772 22  -  THE BOTTOM LINE LEON HADAR Washington Correspondent REPUBLICAN lawmakers and neoconservative pundits have been very critical of President Barack Obama for failing to assert US leadership in the foreign policy arena. In particular, they have blasted his somewhat muddled response to the
      772 words
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      Lock icon Enlightened financial rules needed in Korea
      951 22  -  Policymakers want to stabilise the economy but their actions are doing just the opposite WILLIAM PESEK JR The writer is a Bloomberg View columnist. The opinions expressed are his own IF OUR world has any place that acts like a financial early-warning system, it’s
      AP  -  951 words
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      Lock icon Tokyo banks eye Asian opportunities
      1089 23  -  Unlike Western banks, they are building up balance sheets, raising new capital and preparing new business strategies ANTHONY ROWLEY Tokyo Correspondent ‘THE Japanese are coming!’ sounds like a cry from the 1980s when some believed it was Japan’s destiny to overtake the US as the
      REUTERS  -  1,089 words
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      Lock icon Is your bond portfolio ready to adapt to global changes?
      736 23  -  By JASON SINGER The writer is managing director, Goldman Sachs Asset Management DRAMATIC changes in the global economy and markets since the financial crisis have reshaped the investment landscape. Risks and opportunities are surfacing in unexpected places and we believe
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8269 24 Transaction date: Aug 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 21 12 8Telecom 12.8 10.9 14 7.8 4.8 2.7 61.3 9.5 4.5 A-Sonic 5 +0.1 250 5.2 5 5 5.5
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      Lock icon SGX CATALIST
      1569 25 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 34 14 t 800 Super 14 -0.2 190 14 14 13.6 14.2 4.8 25 5.5 3.7 t AA Grp 4 2.6 3.9 19 3.9
      1,569 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      10047 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.18/ APS Alpha Fund (USD)!** 0.98/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.59/ Aberdeen Asset Mgt Asia Limited American Opp 0.5357/ Asian Credit Fund
      10,047 words
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      Lock icon GLOBALQUOTE
      231 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A39cd 38 41 3.6 9 3.1 101.6 55 27.5 Genting HK US$ US31.5 -2 ***** 34.5 31.5 31 31.5 2074.1 21 10 OGL Resources
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      Lock icon SGX ETF
      874 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 127 108 ABF SG Bond ETF 125 -1 5 126 125 115 125 570.6 1261 914 CIMBAsean40 100US$ US1008 1004 1010 40.3 350 276 DBS STI
      874 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 26 In local curr In S$ In US$ dy yr dy yr dy yr Aug 23 Index Change Change Change Change Change Change World Index Preliminary 781.7 1.4 -12.9 1.2 -15.7 1.5 -10.3 EAFE Preliminary 661.4 1.0 -17.4 0.8 -17.1 1.1 -11.9 Europe Preliminary 955.6 0.8
      374 words
    • Article
      Lock icon CHICAGO BOT
      107 26 Aug 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 11 1389.50 1376.50 1392.00 1376.50 Nov 11 1397.25 1385.25 1400.00 1385.25 Jan 12 1406.50 1395.25 1409.00 1395.00 Mar 12 1407.50 1397.75 1410.75 1398.59 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 11 55.62
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 26 CRUDE OIL PRODUCTS Aug 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.12 1.53 WTI (Near Mth) 85.89 1.37 Dubai (1-Mth F) 104.33 2.33 Tapis blend 116.48 3.06 Minas 111.23 2.81 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.72 2.78 Jet Kerosene 121.90 0.08 US$/barrel Opec Oil
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    • Article
      Lock icon GOVERNMENT SECURITIES
      79 26 Aug 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 24.11.2011 0.13 0.08 0.07 1-Year BY*****X 02.05.2012 0.16 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.96 5-Year N*****0W 1.125 01.04.2016 102.76 10-Year NX*****X
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      457 26 Aug 24 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6200 0 2512 Dec11 99.4250 0 2433 Mar12 99.4400 0 1241 Jun12 99.4700 0 824 EUROYEN TIBOR FUTURES Sep11 99.6825 0 1229 Dec11 99.7200 0 2002 Mar12 99.7275 0 2383 Jun12 99.7250 0 1376 Sep12 99.6450
      457 words
    • Article
      Lock icon SICOM FUTURES
      167 26 Aug 24 Aug RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 11 462.0 461.0 461.7 39 297 Oct 11 462.0 462.0 462.0 24 357 Nov 11 462.7 374 Dec 11 462.9 462.9 463.0 4 498 Jan 12 464.5
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      Lock icon SMX MARKET UPDATE
      104 26 As on 23 August 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Oct-11 1906.20 1876.30 1879.50 1889.9 Silver Sep-11 43.450 42.690 42.915 43.335 CURRENCY US Dollar-Jap Yen Sep-11 76.63 76.47 76.48 76.75
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Aug 24 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.305 1.232 Can dollar 1.24 1.193 Euro 1.769 1.701 Sterling pound 2.022 1.945 NZ dollar 1.029 0.98 US dollar 1.22 1.174 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 26 Aug 24 Open High Sett STI Aug 2719 SIMSCI Aug 317.9 321.1 313.0 Taiwan Aug 263.4 267.0 262.7 Source: MF Global (S) Pte Ltd
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2467 26 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 1 150 37 5.12 33 ASJ Hldgs W*****1 0.5 1 4 29 7.00 6 AlliedTech W*****2 1.7 1 4 27 Aztech Grp W*****3 0.5 1 20 95
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      Lock icon INTERBANK RATES
      161 26 Aug 24 $S Offer Bid 0vernight 0.01 par 1-month 3/16 1/16 2-months 3/16 1/16 3-months 1/4 1/8 Overnight mode: 0.05 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.50 0.30 3 months 0.55 0.35 6 months 0.70 0.50 9 months 0.85 0.65 12
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    • Article
      Lock icon INTERBANK CROSS RATES
      463 26 Aug 24 Aug 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 6.684 0.727 8.153 48.065 89.417 0.802 11.317 3.116 1.264 90.724 44.423 1.263 7.546 0.829 30.343 31.294 0.634 1.046 Canada 0.966
      463 words
    • Article
      Lock icon LIFFE
      82 26 Aug 23 COCOA (£/tonne) Close Prev High/Low Sep 11 1944 1906 1947/1909 Dec 11 1960 1917 1965/1921 Mar 12 1974 1935 1976/1938 May 12 1980 1940 1981/1949 COFFEE (US$/tonne) Close Prev High/Low Sep 11 2377 2316 2379/2326 Nov 11 2396 2345 2402/2354 Jan 12 2412 2358 2418/2365 Mar 12
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    • Article
      Lock icon SIBOR
      85 26 Aug 24 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths -0.***** 9 mths -0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 Aug 24 Aug Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2620 1.2634 1.0456 1.0459 Canadian dollar 1.2187 1.2198 1.0097 1.0098 Euro 1.7371 1.7389 1.4392 1.4395 NZ dollar 0.9988 0.9999 0.8275 0.8277 Sterling pound 1.9891 1.9913 1.6480
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    • Article
      Lock icon USS/SS FORWARD RATES
      23 26 Aug 24 Aug S$ Bid Offer 1-month 1.2068 1.2080 2-months 1.2065 1.2078 3-months 1.2058 1.2073 6-months 1.2025 1.2045 Source: OCBC
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    • Article
      Lock icon PRECIOUS METALS
      140 26 Aug 24 GOLD (US$/oz) Aug 24 Aug 23 Hong Kong 1848.40 1881.20 Aug 23 Aug 22 London 1885.07 1884.60 1886.08 1885.60 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Aug 24 (S$) Selling Buying Kilobar 76,518.91 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 171 71 5gm 487
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      Lock icon LONDON METALS
      71 26 Aug 23 Aug 23 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2334.00 2300.50 3 months 2371.00 2337.00 Copper, Grade A (US$/tonne) Cash 8830.75 8699.75 3 months 8850.00 8720.00 Lead (US$/tonne) Cash 2337.50 2263.50 3 months 2335.00 2261.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon PALM OIL
      65 26 Aug 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 11 3150 3130 3153 3130 374 4391 Oct 11 3090 3070 3093 3070 1576 ***** Nov 11 3051 3036 3060 3030 ***** ***** Dec 11 3042 3022
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • Article, Illustration
      Lock icon Spam fighters still a step behind perpetrators
      727 27  -  Despite evolving technologies, the chase continues as new threats keep coming, reports VICTORIA HO reports VICTORIA HO SPAM fighting technologies are evolving but there continues to be a distance between an-ti-spam methods and new threats. Manish Goel, who runs Sin-gapore-based anti-spam software firm,
      727 words
    • Article
      Lock icon The human factor in virtual attacks
      719 27  -  <you say> By VICTOR KEONG The writer is a partner with KPMG’s Singapore information protection business resilience practice IMAGINE that one day at work, you receive an email whose subject line is “Updated Remuneration Policies for 3Q 2011”, with an attachment titled “Estimated Pay
      719 words
    • Article
      Lock icon 55b mobile ad impressions in Asia-Pac in Q2
      620 27  -  17% more than Q1, it’s half of InMobi’s total global number By VICTORIA HO MORE marketers in AsiaPacific are taking out ads on mobile phones. The region had 55 billion mobile advertisement impressions in the second quarter of this year on InMobi’s
      620 words
    • Article
      Lock icon Google may acquire tech firms in S-E Asia
      308 27 Bloomberg [HONG KONG] Google Inc may buy technology firms to expand in South-east Asia, following Internet operators including Tencent Holdings Ltd and LivingSocial in acquiring companies to add services and users in the region. “We’ll continue to innovate ourselves, but where it
      Bloomberg  -  308 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Nakheel issuing sukuk in revamp of US$13b debt
      403 28 Deutsche Bank to manage distribution of the bonds over the next 2-3 months Bloomberg [DUBAI] Nakheel PJSC, the developer of man-made islands off Dubai’s coast, is scheduled to issue Islamic bonds to its suppliers today, the last step in revamping US$13 billion
      Bloomberg; BLOOMBERG  -  403 words
    • Article
      Lock icon Househunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 17 WITH CONTRACT DATES BETWEEN JULY 27 AND AUG 2, 2011
      1553 28 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 01/08/2011 99 1227 2530 2062 One Shenton Apt 01/08/2011
      1,553 words
    • Article
      Lock icon Unite on track to hit full-year target
      421 28 It posts rise in first-half NAV, reinstates dividend Reuters [LONDON] UK’s largest listed student landlord, Unite, said that it is on track to hit its full-year targets and its profit could beat market expectations, as it posted a rise in first-half net asset
      Reuters  -  421 words
    • Article
      Lock icon Demand for hotel rooms good so far: Accor
      403 29 Higher occupancy rates, cost control among factors that boost its H1 profit Reuters [PARIS] Accor, Europe’s largest hotel group, said it remained “watchful” but had yet to see an impact on demand for hotel rooms from recent economic turmoil and its September
      Reuters  -  403 words
    • Article, Illustration
      Lock icon Taking on US mortgage lenders and winning
      1403 29 Bloomberg [LOS ANGELES] Members of the Vintage East Condominium Association in Miami Beach got tired of waiting for JPMorgan Chase Co to foreclose on unit 9, so they sued the bank in February to take control of the property. In June, more than
      Bloomberg; AFP  -  1,403 words
    • Article
      Lock icon Low appraisals adding to US housing woes
      1108 30 Contracts sometimes get delayed or cancelled because of differences over property valuations Reuters [NEW YORK] When Sean McGowan signed a contract to buy a New Jersey home in November, he didn’t expect he’d still be living with his parents nearly a year later.
      Reuters  -  1,108 words
    • Article, Illustration
      Lock icon Toll Brothers posts net income of US$42.1 m in Q3
      402 30 Bloomberg [LOS ANGELES] Toll Brothers Inc, the largest US luxu-ry-home builder, reported earnings that were better than analysts expected as demand for the company’s move-up houses remained stronger than other segments of the market. Net income for the third quarter
      Bloomberg; BLOOMBERG  -  402 words
    • Article, Illustration
      Lock icon DTZ cuts forecast for Asia-Pac investment deals to $135b
      405 31  -  China’s move to cool market, Japan quake aftermath, global slowdown cited By UMA SHANKARI DTZ has downgraded its 2011 forecast for property investment deals in the Asia-Pacific region to $135 billion, from $158 billion previously. “The downward revision comes as a
      Source: DTZ  -  405 words
    • Article
      Lock icon Kerry Properties posts H1 profit of HK$2.8b
      496 31 Kerry booked profit of HK$361m from apartment sales Bloomberg [HONG KONG] Kerry Properties Ltd, the Hong Kong builder controlled by the family of Malaysian billionaire Robert Kuok, said firsthalf underlying profit rose 52 per cent after booking profit at its Larvotto luxury housing
      Bloomberg  -  496 words
    • Article, Illustration
      Lock icon Fast Retailing teams up with Mitsui Fudosan
      211 31 Bloomberg [TOKYO] Fast Retailing Co, Japan’s biggest apparel chain, said it has formed an alliance with Mitsui Fudosan Co, the nation’s largest developer, to expand business in East Asia. Fast Retailing, based in Yamaguchi prefecture, and Mitsui Fudosan, will share information about retail
      Bloomberg; REUTERS  -  211 words
    • Article
      Lock icon Permai Court, Midlink Plaza up for tender
      399 31  -  By MINDY TAN PERMAI Court, a freehold residential development consisting of eight apartments, located at Kampong Bahru Road, was launched with an asking price of $20.5-21 million yesterday. The subject site has a land area of approximately 8,009 sq ft, and a total
      399 words
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      Lock icon Page 28 Advertisements Column 1
      47 28 Pacify the Raging Bull Call 1800 289 8822 or e-mail I notices@sph.com.sg to place f I your Apology Notices NOTICES lj >&*> GLOBAL REAL ESTATE FIRM JUST GOT BIGGER IN SINGAPORE MOVING TO NEW PREMISES 20 th FLOOR 30 CECIL STREET PRUDENTIAL TOWER savills m-xwmmm AGENCY NO. L*****88B
      47 words
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  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      55 29 1 < I 1 n -ssr ftfj""' ROBINSON CENTRE FOR SALE High Quality Office Building NLA approximately 132,188 sq ft 96.5% Occupancy 20 Storeys 71 Carparking Lots Multi Tenanted Prestigious Entrance Lobby Investment Properties Tel: 6224 8181 6 Battery Road #32-01 Singapore *****9 Expression of Interest Closing: 8 Sept 2011
      55 words
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      243 29 Midlink Plaza at Bugis Potentialfor16-styCommorHotelDevt •22,875sfland/128,076sfGFA;99yrLHfr1980 •Existing9-styCommBldgwith93carparklots •60m prominent frontage onto Middle Rd •Near Bugis Junction/MRT interchange •Entertainment, Educational Cultural Hub •100% owners’ consent; 3 mths completion 6227 *****3 Sep 2011 (Fri), 12 noon%owncompletionTender Closing oners’consent;3mths 23 Sep 2011 (Fri), 12 noon meinmein@credo.com.sg (CEA Regn No: R*****6B) angela.lim@credo.com.sg (CEA Regn
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      114 30 FOR SALE BY TENDER OR BY PRIVATE TREATY HARBOURFRONT CENTRE PERMAI COURT CITY FRINGE FREEHOLD RESIDENTIAL SITE Land Size: 10,033 sqft (approx) incl. Adjoining State Land of 2,024 sqft (approx) MP 2008: Plot Ratio 2.1, up to 24 storeys Gateway to Sentosa IR, Vivocity and HarbourFront Centre Easy access islandwide
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      158 30 ■forH SALF IY OWNERS i Freehold btliildings at Aljunied Road/Sims Ave Land area: 11 6v sqm Opposite Aljunied MRT Fully tenanted since 1968. Ground storey: Foodcourt and provision shop Upper storey: Residential For further mformatiom please email enquiry to modpak@pacific.net.sg Tan Tiong Ping Sons Pte Ltd or call Jane Teo
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      71 30 Prime Commercial Property Near Bugis MRT North Bridge Commercial Complex 6-storey building with basement carpark Site Area 11,615 sq ft Commercial use, GFA 66,600 sq ft Regular floor plate of approx 11,000 sq ft Wide prominent frontage along North Bridge Road. For Sale by Tender Closing: Tues, 13 Sept 2011,
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      125 31 Iconic Australian Tourist Facility For sale by Expressions of Interest closingThursday 29September 2011 at 4pm Wirrina Cove Resort, Golf Course and Convention Centre Mortgagee Exercising Power ofSale Magnificent tourism (or alternative use) facility 87 room hotel, gymnasium, bar, restaurant, 500 seat convention centre, fully licensed with gaming lounge, licensed 20
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      44 31 AustrAliA’s most spec tAculAr investment opportunity 14 FreeholdApartments on Offer. Reduced Price for Singapore. 3yearleaseBack-Guaranteedreturns-yield5.25%pa pricedforcapitalgrowth-discovermore. Nowisthetimetobuyanaward-winningOceaniqueLuxuryApartment.TheWestAustralian realestatemarketiscurrentlyatthebottomofthe7yearcycle-thetimingisrightforthese competitivelypricedapartments.DrivenbyAustralia’sResourceBoom,WesternAustralia’s residentialrealestateboomisjustaroundthecorner.AndwithAustralianbankscurrently reducingresidentialrealestateinterestrates,nowistheperfecttimetosecureyourveryown OceaniqueLuxuryApartment.Comeandlearnmoreatourpropertyseminarthisweekend,and makethemostofthisspectacularinvestmentopportunity. Where:Camellia3,GrandHyattHotelSingapore exhibitionopen:10.00am-7.00pm investorpresentation:2.00pm When:Saturday27andSunday28August,2011 Don’tmisstheSpecialProperty PresentationbyEricCheng. Startsat2pmsharp. EricCheng.AsiaPacificYoungEntrepreneur2010. www.oceanique.com.au Exclusivesellingagent Phone:*****636 BBOC ***** Anotherawardwinninglifestyleby Certificate of Classification City of Mandurah 6.2007.*****
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  • WEALTH TRENDS
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      Lock icon The focus of giving in Asia
      860 32  -  Across Asia, educational causes were on the receiving end of the lion’s share of philanthropic giving in 2010, reports MINDY TAN LEADERSHIP INSIGHTS reports MINDY TAN ASIA’S wealthy engage in philanthropy primarily to ensure the continuity of core family values and to create a
      Source: UBS  -  860 words
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      Lock icon Professionalising philanthropy
      695 32  -  By MINDY TAN THERE is a keen need within the sector to professionalise family philanthropy, thus ensuring more strategic focus and an evolved mode of operation and funding. This message was the key takeaway at Tuesday’s launch of the UBS-INSEAD study on family philanthropy in Asia. According to
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