The Business Times, 6 October 2011

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Total Pages: 36
1 36 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Thursday, October 6,
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  • 410 1  -  By SIOW LI SEN [SINGAPORE] Hsieh Fu Hua has stepped down as president of Temasek Holdings after a 13-month stint, citing “personal priorities”, the company said. Mr Hsieh’s surprise exit comes on the heels of a slew of senior management changes, although the
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  • 499 1  -  By LEE U-WEN [SINGAPORE] Liverpool and Manchester United fans will soon have a chance to watch a match at Anfield or Old Trafford while enjoying VIP treatment in a private box. The best part is that all proceeds will go to charity,
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  • 723 1  -  European markets bet on bank recapitalisation, ignore Greek, Italian troubles for now By NEIL BEHRMANN in London ITALY was downgraded. Greek civil servants went on strike. And yet, European markets rallied on hopes of bank recapitalisation and an unexpected surge on Wall
    AFP  -  723 words
  • 140 1 HST INDEX 2,528.71 (-2.31) HST INDEX FUTURES 2,526 (-3) GSIMSCI 291.54 (+0.47) GSIMSCI FUTURES 290.80 (+0.20) FOREX US$ S$ US$ (S$ per US$) 1.308 (US$/S$ per 1.543 2.018 EURO (US$/S$/E) 1.330 1.739 Foreign currency per US$ S$ YEN 76.70 58.60 RM 3.193 2.441 HK$ 7.783 5.952 BAHT 31.11
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  • Page 1 Advertisements
    • 46 1 COMMENTARY Democrats out to cash in on yuan bill PAGE 25 BizIT I Cloud offers way to reduce costs: Savvis president Bill Fathers I IT budgets continue to be beefed up: Gartner I Emerging markets still left on hold as Apple updates iPhone I PAGE 32
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    • 12 1 PROPERTY Singapore ranks high on property investment list PAGE 36 *****1 *****4
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    • 147 1 HOCK LOCK SIEW Nice ring to Fragrance hotel listing PAGE 6 M’SIAN NEWS Najib may unveil populist, investor-friendly budget PAGE 16 THERE ARE STORIES THAT DESERVE TO BE CAPTURED FOREVER. Whether it’s a transatlantic crossing on a sailboat with friends, or the birth of a child, there are precious, life-changing
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  • TOP STORIES
    • 743 2  -  The current flagging in its lineup might just be the opening Android needs By JOYCE HOOI [SINGAPORE] iPhone junkies will be able to get their next fix from all three local telcos when the iPhone 4S is launched here by Oct
      BLOOMBERG  -  743 words
    • 775 2  -  By ROB CURRAN THE recent collapse of gold prices suggests that the 2011 gold rush was a speculative bubble. And it may already have popped. Gold’s latest bull market began in late 2008 because investors longed for something tangible.
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    • 813 2  -  By EMILYN YAP [SINGAPORE] To some, calling the US dollar a safe haven these days is like picking a beauty queen out of a bunch of ugly stepsisters. Although the currency has spiked as the euro zone threatens to fall
      Source: UBS  -  813 words
    • 526 2 Europe shrugs off bad news, clings to hope ITALY was downgraded. Greek civil servants went on strike. And yet, European markets rallied on hopes of bank recapitalisation and an unexpected surge on Wall Street late Tuesday. Markets ignored Moody’s downgrade of Italy’s debt rating by three notches to
      526 words
    • 813 4  -  Just 138 deals worth US$13.5b sealed, down by half from previous quarter By JAMIE LEE [SINGAPORE] Initial public offerings (IPOs) in Asia have raised the least money since the second quarter of 2009, as companies wanting to list stay clear of
      AFP  -  813 words
    • 631 4  -  NEWS ANALYSIS By RONNIE LIM [SINGAPORE] The chain effects of the Pulau Bukom fire with the Shell refinery shutdown disrupting supplies of naphtha feedstock to its own ethylene cracker and to the Petrochemical Corporation of Singapore’s (PCS) cracker on Jurong Island, and with this
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  • Page 2 Advertisements
    • 174 2 9th Keppel Offshore Marine Lecture at National University of Singapore Understanding pipeline geotechnics Over the years, exploration and production has moved into increasingly deeper waters to extract untapped oil reserves from the seabed. However, the seabed soil is usually soft. This creates challenges for engineers who design pipelines that serve
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  • Page 3 Advertisements
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  • Page 4 Advertisements
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  • COMPANY NEWS
    • 561 6  -  Analysts hail the group’s decision about agribusiness as positive By FELDA CHAY COMMODITY trader Noble Group’s shares rose 5.8 per cent yesterday on news that it has applied to spin off its agriculture business and list it separately on the Singapore Exchange’s (SGX) main
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    • 604 6  -  HOCK LOCK SIEW By EMILYN YAP THE scent of a new listing was in the air a few weeks back, but the market seems to have turned its nose up at it. Boutique property developer and hotel operator Fragrance Group said on Sept 19
      604 words
    • 137 6 Reuters [SINGAPORE] An investor group led by Baring Private Equity Asia is seeking to sell electronics and furniture retailer Courts Asia for more than $500 million, a source with knowledge of the deal said yesterday. Asia Retail Group, which owns Courts, has hired HSBC and
      Reuters  -  137 words
    • 367 6  -  By NISHA RAMCHANDANI AFTER a long hunt, Singapore Post (SingPost) finally has its man. Wolfgang Baier, 37, who was chief executive officer (CEO) of SingPost’s international division, has taken over as group CEO as the company continues to push for further expansion
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    • 505 8  -  Stock soars 24% on news of proposed offer at 26 cents a share By FELDA CHAY SHARES in Beyonics Technology shot up 24 per cent to 24.5 cents yesterday as the counter sprang to life on news of a proposed acquisition of the manufacturing services
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    • 524 8  -  By JAMIE LEE THE recent changes to listing rules do not protect minority investors enough from the misuse of funds by foreign companies listed in Singapore, said David Gerald, president of the Securities Investors Association (Singapore), or SIAS. In the
      524 words
    • 288 8  -  By ARTHUR LEE THIS year’s eighth annual SGX Bull Charge, a charity run in the CBD, will see Singapore Exchange CEO Magnus Bocker helping to “run” in the dollars. He has offered to match, dollar for dollar, donations made by any corporate chief who
      ARTHUR LEE  -  288 words
    • 284 8  -  By JOYCE HOOI TREK 2000 International’s counter closed 5.3 per cent or 1.5 cents higher in trading yesterday at 30 cents, on news of its legal settlement in the United States over the infringement of its patents. The firm announced that it had settled out
      284 words
    • 443 11  -  New team set up to advise foreign firms seeking to expand into S’pore, Asia By CONRAD TAN UNITED Overseas Bank (UOB) wants to double its cross-border business lending within three years, riding on a wave of foreign investment into Asia’s fast-growing economies, it said
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    • 502 11  -  By TEH HOOI LING MICHAEL Yoshikami, CEO, founder and chairman of Wall Street independent financial advisers YCMNET said that a “balanced, less egotistical analysis of data is sorely lacking” in the financial industry nowadays. “You see all these people in the financial
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    • COMPANY BRIEFS
      • 71 11 KLW Holdings has secured an order worth about $4.2 million to supply doors for a Singapore residential development, The Minton, at Hougang Street 11. The contract is expected to be completed by December 2012. KLW does not expect the order to have a material
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      • 91 11 DARCO Water Technologies has appointed auditor Baker Tilly TFW LLP to conduct another audit for FY2009 and FY2010. Darco was directed to have the audit after auditor LTC LLP issued a disclaimer of opinion, saying it was “not able to obtain sufficient appropriate audit
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      • 27 11 PTERIS Global, an integrated airport logistics system provider, has entered into an agreement to acquire AeroMobiles Pte Ltd for $5 million.
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    • 581 11  -  By MICHELLE QUAH AS English football club Manchester United undergoes the final stages of preparing for its listing here, a Singa-pore-listed company is firming up its plans for a dual listing in London. Garment manufacturer Great Group Holdings, based in China
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  • Page 6 Advertisements
    • 2434 6 thebusinesstimes weekendthe raffles conversat www.businesstimes.com.sg SEPTEMBER 17 18, 2011 S$1.00 MICA(P)121/08/2011 weekend WEALTH Manoeuvringvolatility 30-31 MOTORING FrankfurtMotorShow highlights L19 the raffles conversation CHEWGEKKHIM,EXECCHAIRMAN,STRAITSTRADING 10-11 singapore economy Exports jump 5.1% in AugSINGAPORE’SINGAPORE’S key non-oil domestic exportssprang a surprise51 sprang surprise 5.1 per cent year-on-yearrebound in Auust rebound August.| 2 sports hub
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  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 737 8 Organiser: siAs <4 m OECD I ■!ii i> S mi BETTER i :R BETTER 2 ND SINGAPORE CORPORATE GOVERNANCE WEEK 2011 24th to 28th October 2011 "Corporate governance in Asia matters, also globally. Investors have a key role in promoting good corporate governance. This meeting of the Asian Investors Corporate
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  • Page 9 Advertisements
    • 243 9 Panasonic ideas for life Sit back, relax and enjoy. This October, it's time to relax for all your year's hard work on our Panasonic Massage Chairs! $2,299 EP-MS41 Chic Chill Free $600 in-store voucher Free choice of 1 replacement sofa cover (worth $199) Compact massage sofa with rounded contours ensures
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  • SINGAPORE MARKETS
    • 585 10  -  Observers under no illusions that yesterday’s modest bounce will prove to be lasting STOCKS R SIVANITHY Senior Correspondent SHORT-COVERING yesterday helped ease some of the pressure on the local market yesterday, though the closure of Hong Kong for a public holiday meant it was
      Source: Bloomberg  -  585 words
    • 4 10 DAILY
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    • 65 10 Oct 5 VALUE CLOSE BT OB/OS -1487.00 +77.00 BT CADI -*****.00 +40.00 BT 10-day MA -*****.00-149.00 FTSE ST Mid Cap 570.42 +4.00 FTSE ST Small Cap 389.17 +2.49 FTSE ST All Share 609.39 +0.47 FTSE ST China Top 172.84 +1.11 FTSE ST China 202.66 -4.99 FTSE ST
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 3 5 0 0 0 6 3 5 Manufacturing 65 44 37 2 3 7 67 47 44 Commerce 24 15 16 3 2 2 27 17 18 Tpt/Stor/Comms 19 18 3
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    • BROKERS’ TAKE
      • 432 10 Oct 5 close: $1.81 DBS Group Research, Oct 5 ACCORDING to our estimates, Sakari Resources’ (formerly Straits Asia Resources) coal production and sales volume should grow at a compound annual growth rate (CAGR) of 11 per cent over 2010-12, driven by production increase from the Sebuku Northern Leases,
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      • 359 10  -  Compiled by CONRAD TAN Oct 5 close: $2.13 DMG Partners Research, Oct 5 SATS announced that it is in discussions with third parties to sell its UK businesses the Daniels Group and International Cuisine. At the point of the announcement, no firm agreement had been made and management
        359 words
      • 131 10 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter
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    • 121 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,495 24,495 100,847 100,847 Manufacturing 195,195 87,553 282,748 269,148 2,171 271,319 Commerce 109,433 3,451 112,884 143,460 226 143,686 Tpt/Stor/Comms 181,386 1,641 183,027 265,282 132 265,414 Finance 19,309 19,309 188,853 188,853 Construction 28,813 67,496 96,309 6,209
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    • 114 10 Stock name Close Change Stock name Close Change CapMallsAsia 1.175 +0.015 CapitaLand 2.360 +0.020 CapitaMall 1.845 +0.030 CityDev 8.760 -0.040 ComfortDelGro 1.320 -0.010 DBS Grp 10.930 +0.060 F&N 5.420 -0.060 GLP 1.560 +0.060 Genting SP 1.445 +0.025 Golden Agri 0.560 +0.010 HK Land 4.230 -0.070 JMH
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    • 452 10 CURRENCIES Reuters [SINGAPORE] The Malaysian ringgit and the South Korean won led overall gains in Asian peers yesterday as some offshore funds and interbank speculators covered short positions. Investors also bought back Asian currencies on caution over more aggressive US dollar-selling intervention by
      Reuters; REUTERS  -  452 words
    • 57 10 VOLUME Golden Agri 70,758,000 TopGlobal 65,938,000 Noble Grp 64,168,000 Genting SP 63,433,000 JEP 59,110,000 SingTel 48,205,000 PacShip Trust 33,543,000 Wilmar 31,385,000 HPH Trust US$ 30,045,000 Beyonics 29,634,000 VALUE($) SingTel 150,746,518 Wilmar 142,616,820 Genting SP 92,035,331 Noble Grp 81,087,275 Keppel Corp 72,712,370 DBS Grp 72,066,300 UOB 70,046,340 Golden
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    • 109 10 BY CENTS CLOSE UP DBXT SPASX200 10US$ 2796 157.8 4.5 JMH 4400 142.1 2.5 DBXT E50 10US$ 3168 119.7 3.0 DBXT FTChina25 10US$ 2183 30.3 1.1 Hyflux 6% CPS 10 ***** 30.0 0.3 Spore Land 579 18.0 3.2 Venture Corp 646 16.0 2.5 DBXT MSEurope 10US$ 3689 14.5 0.3
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    • 118 10 BY CENTS CLOSE DOWN GLD 10US$ *****-816.8 -3.8 DBXT Nifty 10US$ 9828-252.5 -1.9 DBXT S&P Short 10US$ 4805-147.3 -2.3 Lyxor AsiaRE 10US$ 627-111.8 -11.9 Jardine C&C 3798 -72.0 -1.9 JSH 2447 -53.9 -1.6 DBXT MSKorea 10US$ 4500 -47.4 -0.8 DBXT MSUSA 10US$ 2673 -42.1 -1.2 Wilmar 445 -39.0 -8.1
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    • 5 10 DAILY
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  • Page 11 Advertisements
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  • SINGAPORE NEWS
    • 563 12  -  Peers in North America and Europe less confident about prospects By CHEN HUIFEN SMALL and mid-sized businesses (SMBs) in Singapore and Malaysia are notably more confident than their peers in North America and Europe about the prospects of their countries’ economies. Of the
      Source: Sage  -  563 words
    • 423 12  -  By LYNN KAN SINGAPORE gets its own C-3PO, the walking, talking droid in Star Wars. Named “Nash” short for “NTU Advanced Smart Humanoid” the adult-sized robot is capable of observing its environment, walking, and also following verbal instructions. But “within the next
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    • 526 12  -  77% are willing to switch from a fixed benefit plan By CHUANG PECK MING IN A region which is still behind the global curve in offering flexible staff perks, employers in Singapore stand out as the most progressive in freeing employees
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    • 255 12  -  Bidding comes after Tuck Yew’s vehicle growth comments By NISHA RAMCHANDANI CERTIFICATE of Entitlement (COE) premiums ended mixed at the close of October’s first bidding exercise yesterday, with three of the five categories rising from the last round of bidding in September.
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    • 319 13 LEE Kuan Yew has stepped down from the central executive committee (CEC) of the political party that he co-founded, the People’s Action Party (PAP). Mr Lee’s resignation, together with those of Goh Chok Tong, Lim Boon Heng, Wong Kan Seng, George
      319 words
    • 226 13 The Financial Women’s Association of Singapore (FWA) is celebrating its 10th anniversary by raising money for the KK Regional Outreach to Kids (KKROK) Fund through a charity gala on Oct 23. FWA’s chosen beneficiary, the KKROK Fund, was instituted in 2002 to help poor children in
      226 words
    • 358 13  -  By UMA SHANKARI SINGAPORE and Latin America announced plans to step up economic ties, even as bilateral trade rose 38 per cent in the first eight months of this year. Trade promotion agency International Enterprise (IE) Singapore signed a memorandum of understanding with
      358 words
    • 341 13  -  Deep and broad collaborative research also is still the way forward By NISHA RAMCHANDANI SINGAPORE will maintain its focus on attracting top talent from the science community as well as encouraging collaborative research both within the biomedical sciences industry and with the
      341 words
  • Page 12 Advertisements
    • 1648 12 MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES MEMSTAR TECHNOLOGY LTD. Pl_He (Incorporated in the Republic of Singapore) (Registration Number: *****1641K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2011 Annual General Meeting of the Company will be held at Novotel Singapore Clarke Quay, Level 5, Cinnamon Room,
      1,648 words
    • 19 12 BMW 64§t ('C'AB'R'rO.LiTr) PRIME CARS@AML #01-03 LEVEL1 *****000 PRIME CRRS A Case Trust Accredited Company 3 Years Warranty 100,000km
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  • Page 13 Advertisements
    • 252 13 Your Returns are the Foundation of Your Dream Home Investment returns can do different things for different people. Whether it's a life of travel and adventure or dream home, careful planning and good returns can help you achieve the financial freedom you need to reach your goals. Just ask our
      252 words

  • ECONOMY
    • 759 14 Investors show confidence in the country by forgoing early payment Bloomberg [LISBON] Portuguese Prime Minister Pedro Passos Coelho’s repeated assurance since he took power in June that the country is committed to putting its fiscal house in order may be starting to win
      Bloomberg; AFP  -  759 words
  • Page 14 Advertisements
    • 396 14 WORLD PALM OIL CONFERENCE t* NAr '0* °'i. co» Oil PIPOC 201 1 PALM OIL: Fortifying and Energizing the World 15-17 NOVEMBER 2011 RUALA LUMPUR CONVENTION CENTRE, MALAYSIA W IT'S COMING AGAIN!!! The World Palm Oil Congress with five concurrent conferences which deliberates and discusses the many facets of the
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  • Page 15 Advertisements
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  • MALAYSIA
    • 632 16  -  In tomorrow’s budget, he will also have to address the rising cost of living By S JAYASANKARAN in Kuala Lumpur THE 2012 Budget that Malaysian Prime Minister Najib Razak unveils to Parliament tomorrow is expected to be populist as it is likely to be
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    • 193 16 AFP [KUALA LUMPUR] Malaysia will immediately release 125 people held under a tough security law, Prime Minister Najib Razak said yesterday. Mr Najib, who is widely tipped to call snap polls soon, last month unexpectedly announced plans to scrap a range of
      AFP  -  193 words
    • 554 16  -  But few expect any changes to APs in tomorrow’s Budget By PAULINE NG in Kuala Lumpur MALAYSIA’S controversial approved permits (APs) for the importation of cars has come under the spotlight ahead of the national budget tomorrow, with industry players suggesting that
      554 words
  • Page 16 Advertisements
    • 2900 16 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg SINGAPURA FINANCE LTD (Incorporated in the Republic of Singapore) Co Registration No. *****0340N NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT THE FORTY-SECOND ANNUAL GENERAL MEETING of Singapura Finance Ltd will be held at 391A Orchard Road, Tower A, #26-00, Ngee
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  • GREATER CHINA/INDIA
    • 499 17 RBI nears end of tightening on signs of easing demand: deputy governor Bloomberg [NEW DELHI] India’s services industry moderated in September for a second straight month after the central bank’s record interest rate increases. The Purchasing Managers’ Index (PMI) fell to 49.8 from 53.8
      Bloomberg  -  499 words
    • 315 17 Reuters [NEW DELHI] India unwraps what has been dubbed the world’s cheapest tablet computer yesterday, to be sold to students at the subsidised price of US$35 to expand digital access in the Asian giant that lags peers such as China and Brazil in connectivity. The
      Reuters  -  315 words
    • 241 17 Reuters [TAIPEI] Taiwan’s central bank chief said yesterday he was cautiously optimistic over the outlook for Taiwan’s economy amid the current global slowdown, and saw no problem with domestic banks’ liquidity. Asked by legislators at a regular parliamentary hearing whether Taiwan could ride out
      Reuters  -  241 words
  • Page 17 Advertisements
    • 1031 17 KAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF 3PAR SINGAPORE PTE. LIMITED (COMPANY NO: *****5011R) (IN MEMBERS’ VOLUNTARY LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting of 3PAR SINGAPORE PTE. LIMITED signed by the Representative of the Holding Company pursuant
      1,031 words
    • 141 17 WINNER IG Markets I Trends MARKETS Sept 2010 Singapore CFD Report Highest overall customer satisfaction We recognise differences, So do our dealing apps. Trade on the move with Singapore's No.1 for CFD Customer Satisfaction. Our free FX/CFD trading apps are tailored for iPhone, BlackBerry and Android. Take a position at
      141 words

  • WORLD
    • 748 18 Deutsche Bank will take a loss of 250m euros on its Greek debt and cut 500 investment banking jobs NYT [WASHINGTON] Europe’s biggest banks may finally be forced to own up to their losses. While bank executives and government leaders have been reluctant
      NYT  -  748 words
    • 525 18 Reuters [NEW YORK] Investment bankers, traditionally an optimistic lot, struck a dour note on bank deals in the near future, describing their outlook with words rarely heard spoken publicly in these circles “bleak”, “sceptical”, “really quiet”. Volatile markets, sinking bank stocks and an uncertain
      Reuters  -  525 words
    • 582 20 Korean firm says it will file injunction with France, Italy courts over patents Reuters [SEOUL] Samsung Electronics said that it would file for a sales ban on Apple’s new iPhone with courts in France and Italy as the phone infringed its patents,
      Reuters; AP  -  582 words
    • 576 20  -  By LEE U-WEN [SINGAPORE] The 153 members of the World Trade Organisation (WTO) should explore new ways to overcome the current Doha Round impasse, said Singapore’s Minister of State for Trade and Industry Lee Yi Shyan. The fact that talks have been
      576 words
    • 532 22 Their strong balance sheets may counterbalance cyclical risk: analysts Bloomberg [NEW YORK] Technology companies are outperforming the stock market as excess cash and cheap valuations attract investors amid rising concerns that the two-year recovery may be ending. The Standard Poor’s 500 Information Technology Index, which includes
      Bloomberg; BLOOMBERG  -  532 words
  • Page 18 Advertisements
    • 2638 18 ft HAI LECK HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****4461D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hai Leek Holdings Limited (the "Company") will be held at 47 Tuas View Circuit, Singapore *****7 on Friday, 21 October
      2,638 words
    • 116 18 Celebrate Diwali at Rang Mahal This Diwali, Rang Mahal presents a majestic range of gift boxes filled with traditional handcrafted mitthai sweets. A hallmark of our tradition and pride for 4 decades in authentic flavours. JTrv?7i/ Corporate Mitthai Gift Box (21 mitthais) The Ladoo Collection (12 ladoos) Premium Mitthai Treasure
      116 words

  • Page 19 Advertisements
    • 3674 19 k1 Ventures Limited (Incorporated in the Republic of Singapore) (Company Registration No.: *****0535W) Notice of Annual General Meeting/Closure of Books ALL MEMBERS ARE CORDIALLY INVITED TO ATTEND the Annual General Meeting of k1 Ventures Limited (the “Company”) which will be held at Four Seasons Hotel, Four Seasons Ballroom (Level 2),
      3,674 words

  • Page 20 Advertisements
    • 120 20 I 31 th WORLD CHINESE ENTREPRENEURS CONVENTION (WCEC) October 5-7 2011 Singapore Resorts World Sentosa Suntec Singapore s 73 @J ST M UANHE ZAOBAO WELCOMES All Delegates To The 11th World Chinese Entrepreneurs Convention Organised by The Singapore Chinese Chamber of Commerce Industry, the event is a prestigious biennial Global
      120 words
    • 50 20 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY THE RELUCTANT CHAMPION Dr Jimmy S. Daruwalla wins inaugural tabla! Community Champion Award for his work with the Dyslexia Association of Singapore tabla! COMMUNITY CHAMPION 2011 SUPPORTED BY SBI STATE BANK INDIA GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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  • Page 21 Advertisements
    • 6331 21 Beyonics Technology Limited (Incorporated in Singapore) (Company Registration No. *****8168G) Channelview Investment Ltd. (Incorporated in the British Virgin Islands) (BVI Company No. *****22) JOINT ANNOUNCEMENT PROPOSED ACQUISITION OF BEYONICSTECHNOLOGY LIMITED BYWAY OF A SCHEME OF ARRANGEMENT 1. Introduction The respective directors of Beyonics Technology Limited (“Company”) and Channelview Investment Ltd.
      6,331 words

  • Page 22 Advertisements
    • 332 22 How to run a business without running out of ideas September/October issue out now! To subscribe ($30 for six issues delivered to your office or home), please call 6388-3838 Mi J 4 4 Organised by Presented by THE BUSINESS TIMES luiius Bar Bank Julius Baer presents The Business Times Investment
      332 words

  • ASIA-PACIFIC/WORLD
    • 489 23 Employers also announced 115,730 planned job cuts last month LATEST US DATA Bloomberg Reuters [WASHINGTON] US service industries expanded in September at a slower pace than August, a sign the recovery is struggling to gain speed. The Institute for Supply Management’s (ISM)
      Bloomberg; Reuters  -  489 words
    • 509 23 Bloomberg [NEW YORK] Protesters who began demonstrating here three weeks ago as Occupy Wall Street planned to march alongside labour and environmental groups yesterday as the movement spreads to cities including Boston, Chicago, Denver, and Seattle. The groups will join those
      Bloomberg; REUTERS  -  509 words
    • 480 23 Reuters [TOKYO] Bank of Japan (BOJ) governor Masaaki Shirakawa offered a bleak assessment of the country’s economic outlook yesterday as Europe’s debt crisis hurts stock markets and keeps the safe-haven yen at stubbornly high levels. His comments followed a stark warning on Tuesday
      Reuters  -  480 words
  • Page 23 Advertisements
    • 574 23 t£AT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF STEEL HOUSE PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****3518Z) NOTICE OF MEMBER'S VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Member of the abovenamed company held
      574 words
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      236 words

  • EDITORIAL & OPINION
    • 461 24 EDITORIAL THERE is much to commend in the plan by the Malaysian government to set up a business park for small and medium enterprises (SMEs) in southern Johor’s Iskandar Development Region (IDR). While it is still early days, the idea has the
      461 words
    • 814 24  -  THE BOTTOM LINE FREDERIC NEUMANN The writer is co-head of Asian Economics, HSBC Bank ALL eyes are on Europe right now. Even in Asia, so far blissfully removed from financial jitters in the West, apprehension is growing. That’s understandable: the region can
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    • 1042 24  -  ‘Shadow banks’ represent a danger that may trigger yet another global financial crisis ANTHONY ROWLEY Tokyo Correspondent SOME would regard bankers as being pretty shady characters at the best of times as they slip mega bonuses into their already over-stuffed wallets while indulging
      STOCK.XCHNG  -  1,042 words
    • 1503 25  -  Their move on the bill in Senate and long-delayed FTAs is all about politics and, more specifically, about the jobs issue LEON HADAR Washington Correspondent SO HERE is the good news: The White House sent three long-delayed free trade agreements (FTAs) to
      AP  -  1,503 words
    • 462 25  -  By YOICHI SUZUKI The writer is Japan’s ambassador to Singapore. This is an edited version of his opening speech at the Asean-Japan Workshop on Engaging with the Asean Connectivity Master Plan held at the Institute of Southeast Asian Studies (ISEAS) on Tuesday. The workshop was
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  • AVIATION
    • 552 26 Managers receive menacing letters, strike-breaking workers bullied AFP [SYDNEY] Qantas boss Alan Joyce has received a death threat, managers have been sent menacing letters and strike-breaking workers bullied amid a bitter industrial dispute, the airline said yesterday. Qantas is facing industrial revolt
      AFP  -  552 words
    • 336 26 AFP [NEW DELHI] Indian ministers will meet later this month to decide whether loss-making Air India should go ahead with an order for 27 Boeing Dreamliner 787 planes, a report yesterday said. The meeting, set for the second half of the month, comes as Boeing
      AFP  -  336 words
    • 520 26 AP [AMSTERDAM] The airline industry presented a model of its vision for the future of check-in security on Tuesday, including high-tech col-our-coded scanning corridors and what they said was the use of risk assessment techniques to ease the burden of airport security for
      AP  -  520 words
    • 450 26 Initiative targets frequent flyers who had prior checks Reuters [MIAMI] Frequent flyers in the United States who undergo prior government background checks are being allowed through airport security screening faster under an initiative being developed by the Transportation Security Administration (TSA),
      Reuters  -  450 words
  • Page 26 Advertisements
    • 1529 26 MATS "YTTr^PQ Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES METAX ENGINEERING CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0111H) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Metax Engineering Corporation Limited (the “Company”) will be held at 28 Third Lok
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  • Page 26 Miscellaneous
    • 330 26 CRYPTIC CROSSWORD Across 1 It’s a sort of bird, we affirm (6) 5 A community that’s prosperous but not quiet? (4,4) 9 Yokelish drama excited visitors to the seaside pier? (13) 10 Hurried to far end of valley to grab one plant (8) 11 Decree from old duke stuck in
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  • 3574 27 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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  • Page 27 Advertisements
    • 28 27 Experienced Stlfp maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES
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  • SHIPPING
    • 696 28 Its study shows that the practice, for fuel saving, does not damage engines Bloomberg [LONDON] AP Moeller-Mae-rsk A/S, the world’s largest owner of ships that carry manufactured goods, expects more vessels to cut speed after it completed a study showing the practice doesn’t
      Bloomberg  -  696 words
    • 374 28 Reuters [WELLINGTON] A container ship struck a reef off New Zealand yesterday and has taken on water near the country’s biggest export port, marine authorities said. The 47,230-tonne Liberi-an-flagged Rena hit the reef, about 12 nautical miles (22 km) from Tauranga on the
      Reuters; AP  -  374 words
    • 424 28 Euro crisis won’t derail £1.5b project, says chairman Reuters [DUBAI] Dubai’s DP World expects its new London Gateway deep-sea container port to be operational by the fourth quarter of 2013, with spending on the project set to continue despite the economic
      Reuters  -  424 words
    • 250 28 Reuters [SINGAPORE] China booked a record high 48 Middle East supertankers, capable of carrying a total of 96 million barrels of crude oil, in the spot market in September as refiners raised their throughput volume, traders said yesterday. The world’s second largest oil
      Reuters  -  250 words
    • 278 28 SGX '000 Oct 5 S$ +/-Vol CH Offshore 0.35 -0.01 53 Chuan Hup Hldg 0.20 unch 73 Cosco Corp 0.88 0.01 8739 CWT Ltd 0.85 -0.01 806 Ezra Hldgs 0.79 0.04 5763 First Ship Lea 0.27 0.01 3179 Freight Links 0.06 unch 2258 Grand Banks unch unch 0
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  • Page 28 Advertisements

  • SINGAPORE STOCKS
    • 8070 29 Transaction date: Oct 5 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 12.5 11 15.5 7.8 4.9 2.6 59.9 9.5 4.1 A-Sonic 4.4 +0.1 40 4.4 4.3 4.4 5
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    • 1485 30 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 13.4 t 800 Super 13.4 -0.2 325 13.5 13.4 13.4 14 4.7 4.1 5.2 24 5.5 2.5 t AA Grp 2.5 2.2 2.9
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    • 10105 30 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.05/ APS Alpha Fund (USD)!** 0.8/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.57/ Aberdeen Asset Mgt Asia Limited American Opp 0.5629/ Asian Credit Fund
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    • 226 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A38xd 37.5 41 3.6 9.2 3 99 53 25.5 Genting HK US$ US26 +0.5 ***** 27 25.5 25.5 26 1712 20.5 10 OGL Resources
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    • 838 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 119cd 117 123.9 543.2 1261 856 CIMBAsean40 100US$ US865 +8 2 865 865 859 870 34.6 350 259 DBS STI
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  • FINANCE & COMMODITIES
    • 374 31 In local curr In S$ In US$ dy yr dy yr dy yr Oct 4 Index Change Change Change Change Change Change World Index Preliminary 743.4 -1.5 -17.2 -1.5 -15.3 -1.7 -17.5 EAFE Preliminary 633.2 -2.2 -20.9 -2.3 -18.9 -2.5 -21.0 Europe Preliminary 922.8 -2.5
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    • 77 31 CRUDE OIL PRODUCTS Oct 4 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 101.35 -1.46 WTI (Near Mth) 75.32 -1.99 Dubai (1-Mth F) 95.53 -1.56 Tapis blend 109.91 -1.64 Minas 102.91 -1.64 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.39 -1.55 Jet Kerosene 117.55 -1.35 US$/barrel Opec Oil
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    • 107 31 Oct 4 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 11 1160.00 1177.50 1179.00 1152.00 Jan 12 1171.75 1188.75 1190.25 1163.50 Mar 12 1181.25 1198.00 1197.00 1173.50 May 12 1189.50 1205.00 1204.00 1181.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 11 48.79
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    • 83 31 Oct 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 05.01.2012 0.22 0.15 0.15 1-Year BY*****X 02.05.2012 0.22 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.65 103.70 103.68 5-Year N*****0W 1.125 01.04.2016 102.66
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    • 434 31 Oct 5 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4350 0 2981 Mar12 99.3650 0 2523 Jun12 99.3550 0 1228 Sep12 99.3600 0 744 EUROYEN TIBOR FUTURES Dec11 99.6900 0 2382 Mar12 99.6850 700 2128 Jun12 99.6875 300 1470 Sep12 99.6850 200 610 Dec12 99.6900
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    • 118 31 As on 04 October 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold DEC-11 1679.00 1621.40 1640.50 1657.8 Silver DEC-11 31.325 29.450 29.895 30.8 CURRENCY US Dollar-Jap Yen DEC-11 76.88 76.52 76.86 76.56 Euro-US Dollar DEC-11 1.3311 1.3142 1.3246 1.3231 Aust-US Dollar DEC-11 0.9453
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    • 162 31 Oct 5 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Nov 11 408.9 407.9 407.9 2 271 Dec 11 406.4 499 Jan 12 406.9 246 Feb 12 407.7 134 Mar 12 408.9 389.3 409.0 21 258 Apr 12
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    • 69 31 Oct 4 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2139.00 2168.00 3 months 2174.00 2203.00 Copper, Grade A (US$/tonne) Cash 6779.25 6968.00 3 months 6800.00 6990.00 Lead (US$/tonne) Cash 1923.00 2001.00 3 months 1886.00 1961.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • 82 31 Oct 4 COCOA (£/tonne) Close Prev High/Low Dec 11 1706 1687 1718/1674 Mar 12 1732 1717 1744/1703 May 12 1748 1733 1760/1719 Jul 12 1764 1750 1770/1737 COFFEE (US$/tonne) Close Prev High/Low Sep 11 2008 1929 2013/1829 Nov 11 2035 1962 2045/1864 Jan 12 2060 1988 2070/1920 Mar 12
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    • 1988 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 0.8 0.5 420 1 150 45 130.00 31 ASJ Hldgs W*****1 0.5 1 4 32 6.80 4 AlliedTech W*****2 1.7 1 4 25 Aztech Grp W*****3 0.6 1
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    • 464 31 Oct 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.008 6.090 0.718 7.436 47.111 85.599 0.733 11.398 3.050 1.256 83.330 41.914 1.249 7.780 0.881 29.262 29.726 0.619 0.955 Canada 0.992 6.044
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    • 82 31 Oct 5 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 140 31 Oct 5 GOLD (US$/oz) Oct 03 Oct 04 Hong Kong 1654.30 1669.50 Oct 03 Oct 04 London 1648.45 1627.79 1649.45 1629.51 Source: Thomson Reuters CAST BAR Oct 05 (S$) Selling Buying Kilobar 73.438.38 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 165 68 5gm 467 342 10gm 834
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    • 57 31 Oct 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 11 2840 2830 2850 2825 108 1334 Nov 11 2832 2800 2836 2798 1877 ***** Dec 11 2817 2785 2822 2780 ***** ***** Jan 12 2820 2790
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    • 27 31 Oct 5 Open High Sett STI Oct 2526 SIMSCI Oct 290.4 294.3 290.8 Taiwan Oct 251.2 251.6 247.2 Source: MF Global (S) Pte Ltd
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    • 154 31 Oct 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2488 1.2499 0.9553 0.9554 Canadian dollar 1.2392 1.2404 0.9480 0.9481 Euro 1.7383 1.7399 1.3298 1.3300 NZ dollar 0.9943 0.9957 0.7606 0.7611 Sterling pound 2.0165 2.0186 1.5426 1.5430
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    • 22 31 Oct 5 S$ Bid Offer 1-month 1.3071 1.3082 2-months 1.3070 1.3081 3-months 1.3064 1.3076 6-months 1.3040 1.3052 Source: OCBC
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    • 121 31 As at 9am Oct 05 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.275 1.215 Can dollar 1.264 1.216 Euro 1.773 1.705 Sterling pound 2.059 1.98 NZ dollar 1.02 0.972 US dollar 1.33 1.279 Local dollars to 100 units of foreign
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    • 154 31 Oct 5 $S Offer Bid 0vernight 0.02 0.01 1-month 3/16 1/16 2-months 3/16 1/16 3-months 1/4 1/8 Overnight mode: 0.01 US$ 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 0.75 0.55 9 months 0.95 0.75 12
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 1010 32  -  Savvis’ president feels moving IT infrastructure to cloud inevitable, reports AMIT ROY CHOUDHURY SINGAPORE IT leaders, like their counterparts elsewhere, are looking to reduce costs and achieve maximum return on their investments, notes the head of Savvis, which provides IT solutions to enterprises and
      1,010 words
    • 715 32  -  By VICTORIA HO RIDING on growing IT budgets in the Republic, Singapore’s firms are expected to pick up the pace next year and spend an estimated $18.4 billion on IT in 2012, compared to this year’s $16.9 billion. Providing these
      715 words
    • 662 32  -  <IT View> VICTORIA HO Reporter APPLE’Sannouncementyesterday of the iPhone 4S brings its latest mobile phone offering up to speed with smartphone competitors, but alas, doesn’t do much to get its devices into developing markets. The new device is a souped
      662 words
  • Page 32 Advertisements
    • 1029 32 `;!,|@+$]["<,'{,($__`/")!?+[{/- CHINA HONGCHENG HOLDINGS LIMITED (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CHINA HONGCHENG HOLDINGS LIMITED (the “Company”) will be held at Changi Room, Samsung Hub, 3 Church Street, Level 8, Singapore *****3 on Friday, 28 October 2011 at
      1,029 words

  • PROPERTY
    • 499 33 Retired decorator inspired by book about Vatican paints the murals himself AFP [BRIGHTON, UK] A retired British decorator has transformed his home by covering its interior in renais-sance-style murals to emulate the Sistine Chapel after being inspired by a book about the Vatican. Robert
      AFP; AFP photo  -  499 words
    • 1517 33 Househunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 20 WITH CONTRACT DATES BETWEEN SEPT 7 AND SEPT 13, 201 1 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED One Shenton Apt 13/09/2011 99 1098 2471 2250 One Shenton Apt 13/09/2011
      1,517 words
    • 722 34 High inflation and interest rates, govt-imposed credit squeeze take their toll AFP [HO CHI MINH CITY] Four years after a real estate boom that saw investors camp out on the streets waiting to pay cash for unbuilt apartments, Vietnam’s once-hot property market has caught
      AFP  -  722 words
    • 775 35 Data shows home sales slowing in many cities as credit crunch bites Xinhua [BEIJING] After nearly two years of government efforts to cool China’s rampant property market, prospective homeowners are finding that housing prices may fall within their reach before long. Home
      Xinhua; PHOTO: REUTERS  -  775 words
    • 905 36  -  It is 9th in a field of 25, at US$10.8b; leaders are New York and London By KALPANA RASHIWALA [SINGAPORE] Gateway Asian cities feature prominently in Cushman Wakefield’s report on the biggest and fastest-growing cities in real estate investment for the year ended
      905 words
    • 337 36  -  Each owner of the 288 residential and 2 commercial units stands to get some $3m By MINDY TAN [SINGAPORE] Pacific Mansion estate, a freehold residential development located at River Valley Close, has been put up for collective sale by tender with an indicative
      337 words
    • 233 36 Bloomberg [SYDNEY] Carlson Cos, owner of the Radisson brand, plans to introduce Park Inn by Radisson hotels into the Asia-Pacific region and open more than 20 hotels under the brand by 2015 as part of a global expansion. The group will
      Bloomberg  -  233 words
  • Page 33 Advertisements
    • 43 33 (CEA Registration No. R*****4H) Henry Lim Mobile: 9002 6635 Email: henry.lim@jllassoc.com Your Industrial Needs Our Industrial Expertise Savills has over 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world. Call 6836 6888 savills.com AGENCY NO. L*****88B
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  • Page 34 Advertisements
    • 518 34 Tiong d a o R Redhill MRT Station Jalan n o s r e Gan Eng Seng Secondary School B a h ru R o a d Henderson Secondary School Bukit Food Centre o a dE xahge Bukit Merah Bus Interchange R d n e H ad Food Centre Ro
      518 words
    • 253 34 Perth CBD gem Western Australia Secure your position in the nation’s tightest office market FOR SALE 10 Victoria Avenue, Perth, WA Land Area: 744sqm* NLA: 1,596sqm* Building has been substantially refurbished Good flow on depreciation benefits Leased until September 2012 Perth CBD vacancy currently 5.4%* Perfect way to enter the
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  • Page 35 Advertisements
    • 243 35 JONES LANG LASALLE FOR SALE BY PUBLIC TENDER Jones Lang LaSalle Property Consultants Re Ltd CEA Licence No. L*****26E Freehold Residential Redevelopment Site along Marine Parade Road Site Area: 2,395.7 sqm 25,787sq ft Zoned Residential, plot ratio 2.1 (up to 24 storeys) Unobstructed sea view Approx. 15 minutes drive to
      243 words
    • 192 35 1 flljl s; That Corner at Blair Heritage Commercial Conserved Opposite Singapore General Hospital Unique Heritage Building/mixed use Retail/Residential/Wine Bar/Kitchen Freehold/PRs eligible/Outram MRT Call 6222 5055 Principals Please Wide Range Heritage Homes available t 9saf>elJZeJrup Jiyenctj Agency Licence No: L*****87E www.isabelredrup.com/ir6.php District 9 Emerald Hill Address For The Privileged Few
      192 words
    • 441 35 gWILBY CENTRAL Newly Refurbished Serviced Apartments Studio 2-Bedrooms Modern Decor with High Tech Features 5 minutes' walk to MRT Stations/ Shopping Malls Complimentary shuttle bus service to Orchard Road/Newton/Holland Village Complimentary broadband internet service local calls For more information, visit www.wilbyresidences.com A MEMBER OF TAN CHONG INTERNATIONAL WILBY ESTATE it
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  • Page 36 Advertisements
    • 263 36 enjoying a home loan without paying interest vV I am We are providing innovative solutions that give you more •X"" r L* i £5 iih GIDBAL FINANCE Safest Bank in Asia 2009, 2010 2011 I Mortgage Advantage I t Introducing Mortgage Advantage, the first multi-currency deposit linked mortgage that allows
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