The Business Times, 24 November 2011

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Microfilm: NL31701
Total Pages: 67
1 35 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Thursday, November 24,
    23 words
  • Article, Illustration
    Lock icon Enterprise 50 winners look overseas for growth
    736 1  -  By FELDA CHAY [SINGAPORE] Tapping into overseas markets and diversification are what the top three winners of this year’s Enterprise 50 (E50) awards believe will help them through the projected slowdown in Singapore’s economic growth. While the news delivered by the Ministry of
    ARTHUR LEE  -  736 words
  • Article, Illustration
    Lock icon Great wall of worry rises high in China
    746 1  -  Factory sector shrinks most in more than two years, raises fears of a hard landing By SHU-CHING JEAN CHEN By in Hong Kong CHINA’S industrial production has suffered the sharpest fall in output since March 2009, the time when the world was
    746 words
  • Article
    Lock icon MARKETS DIGEST
    140 1 HST INDEX 2,676.57 (-40.63) HST INDEX FUTURES 2,677 (-40) HSIMSCI 304.46 (-4.69) HSIMSCI FUTURES 304.30 (-4.10) FOREX US$ S$ US$ (S$ per US$) 1.306 (US$/S$ per 1.558 2.034 EURO (US$/S$/E) 1.344 1.755 Foreign currency per US$ S$ YEN 77.00 59.00 RM 3.182 2.437 HK$ 7.792 5.968 BAHT 31.25
    140 words
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      28 1 COMPANY NEWS Protection plans find favour with Manulife clients PAGE 6 Enterprise 50HBTTHE BUSINESS TIMES Look out for the 32-page supplement that comes with The Business Times today
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      12 1 BizIT ICT market to grow 10.4% in 2012 PAGE 27 *****1 *****4
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      166 1 OPINION Good code, pity about the governance culture PAGE 22 PROPERTY Headwinds likely to weigh on S’pore rents PAGE 28 -t** U'li E S IBEEZ! m Sg SCMRJ WE .B» *i,* T .<T«V J;; »»]ff!!!!!i!iminiiiBi)i HlSalali liiHJiiiiii"!'"' 'Hi ;j,;";:'!,: I If mm Mill ■Htiiii lllllll «<"' rr~ X: f r
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      563 2 Great wall of worry rises high in China CHINA’S industrial production has suffered the sharpest fall in output since March 2009, the time when the world was slowly crawling back from the shock of the Lehman Brothers collapse. The gloomy findings from a preliminary reading of a monthly
      563 words
    • Article
      Lock icon S’pore CPI up 5.4% in Oct
      521 2  -  Contributing to the rise are higher rentals, transport and food costs By TEH TEH SHI NING [SINGAPORE] Despite deepening concerns over growth, Singapore’s inflation remains stubbornly high and may creep above the government’s full-year forecast of 5 per cent. Consumer prices rose 5.4 per
      521 words
    • Article
      Lock icon American consumers rein in spending
      551 2 LATEST US DATA Reuters Bloomberg [WASHINGTON] US consumer spending barely rose in October as households took advantage of the largest increase in income in seven months to rebuild their savings. Orders for durable goods also fell for the same period. The Commerce Department said consumer
      Reuters; Bloomberg  -  551 words
    • Article
      Lock icon German bond auction flops, deepening eurozone crisis
      742 4  -  Only 3.64b euros of 6b euro sale taken up as investors shun ultra-low yields By NEIL BEHRMANN in London The European crisis worsened further after a German government bond auction flop showed that global investors are now concerned about Germany’s finances. At last
      742 words
    • Article, Illustration
      Lock icon Shell’s Pulau Bukom refinery almost back to normal
      527 4  -  By RONNIE LIM [SINGAPORE] It’s almost back to business as usual at Shell’s Singapore facility the oil giant’s largest manufacturing site worldwide following a Sept 28 fire at its Pulau Bukom refinery. The blaze had caused it to shut down some plants,
      ALPHONSUS CHERN/THE STRAITS TIMES  -  527 words
    • Article, Illustration
      Lock icon Eurozone seen tipping into recession
      527 4  -  Things will improve after ECB steps in in mid-2012: economist By TEH SHI NING [SINGAPORE] The eurozone may sink into recession next year with a 0.5 per cent contraction, VP Bank Group predicts. Joerg Zeuner, chief economist of the Liechten-stein-based bank, believes the debt crisis
      527 words
    • Article
      Lock icon Asian banks may gain market share
      411 4  -  They will fill the gap as banks from Europe scale back, says Barclays Capital By CONRAD TAN [SINGAPORE] Singapore’s banks are likely to gain market share from their rivals, as European banks scale back their lending in Asia in response to the crisis in
      411 words
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      143 2 MUST VISIT TODAY SELECT FROM A WIDE PRODUCT RANGE OF GIFTWAREAND HARDWARE AND CONSUMER GARMENTS, FABRICS BABY PRODUCTS,TOYS FOODSTUFFS HOUSEWARES BUILDING MATERIALS ELECTRONICS AND FOOTWEAR SPORTING GOODS o r n -x§- •>:> ••V •v.* FUJIAN COMMODITIES EXPO SINGAPORE ASIA EXPO SINGAPORE frirt-jiiiHIIf gg# 23 25 NOVEMBER, 201 1 SANDS EXPO
      143 words
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      125 2 SATS congratulates Lao Airlines on its inaugural flight to Singapore from 24 November 2011 Airlines *Local Time As Lao Airlines celebrates its new ascent to greater heights, SATS is proud to be a partner in this milestone of success. For more than 60 years, SATS has been delivering an unrivalled
      125 words
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      257 4 SITEX 2011 Booth no. 5H38, Hall 5. EC02 Robotic Vacuum Cleaner INTRODUCTORY OFFER $699 24-27 NOVEMBER 2011 SINGAPORE EXPO HALLS 4B, 5 6 11AM 9PM FREE ADMISSION 489$ Hall5 Hall4 NaviCom Booth $739 519$ Entrance Entrance Enternce $239 179$ Champagne Compact and Exquisite Compact design for easy to clean the
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      649 5 w M "V ma J 18-Nov to 26 Dec 2011 Christmas shines as Paragon celebrates a star-studded Yuletide season. Come make merry with a constellation of festive gifts, prizes and privileges that will the brightest star of them all. Christmas Light-Up Orchard 2011 From 19 Nov to 4 Dec, log
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Protection plans gaining favour with Manulife clients
      423 6  -  Firm says it has seen a swing towards participating policies for protection and savings needs By EMILYN YAP CLIENTS of insurer Manulife Singapore have shown greater interest in protection plans than investment plans as market volatility heightens. “We are seeing a shift in
      423 words
    • Article
      Lock icon Eu Yan Sang lowers warrant strike price
      337 6  -  By KENNETH LIM EU Yan Sang International has had to lower the warrant strike price on a proposed $25 million debt-and-warrant issue, the company said yesterday. The mainboard-listed traditional Chinese medicine retailer will sell $25 million of five-year 3 per cent senior unsecured
      337 words
    • Article, Illustration
      Lock icon PCCW business trust raises HK$9.3b in IPO
      550 6 Bloomberg Reuters [HONG KONG] PCCW Ltd, the biggest phone carrier in Hong Kong, raised HK$9.3 billion (S$1.55 billion) in an initial public offering of its telecoms business trust after selling units at the bottom end of a marketed range. The company sold 2.05
      Bloomberg; Reuters; REUTERS  -  550 words
    • Article
      Lock icon TA Corp unit secures two contracts worth $271m
      309 6 Order book for construction projects raised to $587m NEWLY listed property and construction group TA Corporation said that its wholly owned unit, Tiong Aik Construction Pte Ltd, secured two new construction contracts from Allgreen Properties and its subsidiary worth $271 million. The
      309 words
    • Article
      Lock icon Sunshine Hldgs to acquire stake in iron ore mines
      322 6  -  BY LYNETTE KHOO MARKING its first move into the mining sector, Chinese property developer Sunshine Holdings has agreed to acquire a stake in a holding company with mining businesses in Xinjiang and Henan provinces. The proposed acquisition will allow the group
      322 words
    • Article
      Lock icon UOB launches banking service for ‘rising rich’
      406 7  -  It targets those with investable assets of $100,000-$350,000 By CONRAD TAN UNITED Overseas Bank (UOB) has started a new banking service aimed at the growing number of people in Singapore who have substantial savings to invest but don’t qualify for the private banking
      406 words
    • Article
      Lock icon Interra Resources to delist from ASX on Dec 21
      230 7 SINGAPORE-LISTED Interra Resources says it has received approval from the Australian Stock Exchange (ASX) to remove its secondary listing there. The company said its rationale for delisting is to avoid the significant administrative costs and regulatory compliance costs associated with maintaining
      230 words
    • Article
      Lock icon Pavilion Reit raising RM710m in IPO
      290 7 Bloomberg [KUALA LUMPUR] Pavilion Real Estate Investment Trust, a Malaysian shopping mall trust part-owned by Qatar Investment Authority, is raising RM710 million (S$291 million) in an initial public offering, two people with knowledge of the matter said. The company plans to sell units at
      Bloomberg  -  290 words
    • Article, Illustration
      Lock icon Over 350 Bedok Residences units snapped up on Day 1
      366 7  -  CityDev sells 320 of 400 units released in The Palette, its new 892-unit project By UMA SHANKARI CAPITALAND sold more than 350 apartments in its 583-unit Bedok Residences condominium yesterday the first day of the property’s launch. The developer said
      366 words
    • Article
      Lock icon Keong Hong eyes Catalist listing
      351 9  -  Details of pricing not available yet; it plans to increase its presence overseas By JOYCE HOOI CONSTRUCTION services group Keong Hong Holdings Ltd is seeking a listing on Catalist. It has lodged its preliminary offer document. Details of pricing and the number of placement shares
      351 words
    • COMPANY BRIEFS
      • Article
        Lock icon OCBC raises stake in Great Eastern
        65 9 OCBC Bank has raised its interest in Great Eastern Holdings to 87.17 per cent from 87.06 per cent. The additional shares were bought in an open market transaction. As a result of the purchase, OCBC's direct interest in Great Eastern is now 85.05 per
        65 words
      • Article
        Lock icon China XLX buys coal-mining firm
        71 9 CHINA XLX Fertiliser, through its wholly owned subsidiary Xinjiang XLX, has acquired a Chinese coal-mining company, Tianli, for 84.5 million yuan. Tianli is privately owned by two PRC nationals in China. The company is principally engaged in coal mining in Xinjiang and the sales of
        71 words
      • Article
        Lock icon Writ served on Dapai, chairman
        86 9 DAPAI International Holdings said Proton Investment (Asia) Limited has served a writ of summons on the company and its executive chairman, Chen Xizhong, naming them as the first and second defendants respectively. The plaintiff alleges the company and Mr Chen are obliged to repurchase 47,250,000
        86 words
      • Article
        Lock icon Cosmosteel Q4 net profit up 74.5%
        70 9 COSMOSTEELl Holdings’ net profit for the fourth quarter ended Sept 30, 2011, rose 74.5 per cent to $1.69 million from a year ago. Revenue climbed 35.4 per cent year-on-year to $31.61 million, mainly contributed by increases in orders from customers in the energy sector.
        70 words
      • Article
        Lock icon Hisaka's FY2011 net profit falls 30.5%
        68 9 HISAKA Holdings’ net profit for the fiscal year ended September 30, 2011 (FY2011) dropped 30.5 per cent to $6.44 million. Revenue fell 15.9 per cent from the preceding fiscal year to $68.02 million, mainly due to the slowdown in global manufacturing in the second
        68 words
      • Article
        Lock icon TPV Q3 earnings drop 68.7%
        65 9 TPV Technology posted a 68.7 per cent drop in net profit for the third quarter ended Sept 30, 2011, from US$31.96 million to US$10.01 million. Revenue for the same period fell from US$2.95 billion to US$2.85 billion. For the nine-month period, net profit was 28.6
        65 words
    • Article, Illustration
      Lock icon Golden Agri upbeat on output and earnings
      583 9 Production to surge as it plants more areas, trees mature Bloomberg [KUALA LUMPUR] Golden Agri-Resources Ltd, the world’s second-largest oil-palm planter, said that output will increase as plantations are expanded in Indonesia and new trees mature, bolstering profitability. “We do expect to plant
      Bloomberg; BLOOMBERG FILE PHOTO  -  583 words
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      83 words
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      40 7 WAREHOUSING LOGISTICS SERVICES Warehouse Space (120 7,000 sq ft) Open Storage Space (3,100 25,000 sq ft) Trucking of Haz Non-Haz Chemicals Oil Products General Purpose Containers Container Isotank Depot Services Other Logistics Services Agents Welcome Call 9797 1029 9178 6185
      40 words
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      Lock icon Page 7 Advertisements Column 2
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      102 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Eurozone fears continue to hit STI
      567 8  -  It’s the same old pattern index comes under pressure after a short-covering bounce STOCKS R SIVANITHY Senior Correspondent ONCE the short-cover-ing is completed, the selling can resume as markets continue to grapple with the high-debt, low-growth scenario confronting Europe and by extension the rest
      Source: Bloomberg  -  567 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 11 1 0 0 0 2 11 1 Manufacturing 27 66 32 4 6 7 31 72 39 Commerce 8 30 12 3 2 4 11 32 16 Tpt/Stor/Comms 7 27 7
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,003 16,003 65,001 65,001 Manufacturing 161,630 133,301 294,931 147,533 486 148,020 Commerce 158,038 7,254 165,292 126,678 632 127,310 Tpt/Stor/Comms 97,004 27,261 124,265 130,452 3,036 133,488 Finance 29,960 10 29,970 288,401 1 288,402 Construction 84,228 122,359
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 8 Stock name Close Change Stock name Close Change CapMallsAsia 1.295 -0.025 CapitaLand 2.460 -0.040 CapitaMall 1.730 -0.040 CityDev 9.590 -0.290 ComfortDelGro 1.405 +0.005 DBS Grp 12.090 -0.210 F&N 6.230 +0.060 GLP 1.780 -0.040 Genting SP 1.505 -0.030 Golden Agri 0.660 -0.010 HK Land 4.550 -0.070 JMH
      114 words
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      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      64 8 Nov 23 VALUE CLOSE BT OB/OS -779.00-184.00 BT CADI -*****.00-186.00 BT 10-day MA -*****.00 -78.00 FTSE ST Mid Cap 602.75 -9.01 FTSE ST Small Cap 409.06 -3.51 FTSE ST All Share 644.59 -9.49 FTSE ST China Top 189.39 -4.14 FTSE ST China 223.96 -3.31 FTSE ST Catalist
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME TopGlobal 121,543,000 Lereno 100,300,000 Golden Agri 97,221,000 Noble Grp 67,491,000 Genting SP 63,710,000 PSL Hldgs 54,761,000 NexGenSCom 45,702,000 Informatics 38,448,000 Memstar 33,027,000 TopGlobal W*****9 28,780,000 VALUE($) UOB 138,479,420 Genting SP 95,983,580 Noble Grp 73,210,880 OCBC Bk 68,675,966 DBS Grp 65,276,960 Golden Agri 64,416,535 SingTel 55,837,010 CapitaLand
      57 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Oil & Gas sector
        403 8 Oil Gas sector OCBC Investment Research, Nov 23 MOST of the companies under our sector coverage reported their Q3 2011 results recently, and with the exception of Keppel Corporation and Ezion Holdings, which delivered better than expected results, the rest were either in line or below our expectations. For Keppel,
        Source: Bloomberg  -  403 words
      • Article
        Lock icon Glossary:
        137 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        137 words
      • Article
        Lock icon Singapore Airlines
        285 8  -  Nov 23 close: $10.34 DBS Group Research, Nov 23 Compiled by CONRAD TAN WITH the US expected to continue to register sub-par growth and Europe mired in uncertainty, we expect demand from these areas to remain weak. As these two regions account for over 40 per cent of
        285 words
    • Article, Illustration
      Lock icon Euro slips 1% after poor German debt auction
      482 8 CURRENCIES Reuters [LONDON] The euro fell to a six-week low against the US dollar yesterday, as investors shunned eurozone assets on concerns over the stability of the region’s banks and signs that its debt crisis is starting to threaten even Germany. The
      Reuters; AFP  -  482 words
    • Article
      Lock icon RISES
      107 8 BY CENTS CLOSE UP DBXT iBoxxUSTr5US$ *****1002.7 3.9 DBXT S&P Short 10US$ 4488 94.0 1.6 DBXT FTVietnam 10US$ 2073 70.5 2.7 GLD 10US$ ***** 62.7 0.3 ShangriLa Asia 1588 39.9 17.6 DBXT MSBANGL 10US$ 131.3 21.7 14.5 Venture Corp 662 8.0 1.2 GrandBanks 31 7.0 29.2 Elec Eltek 271
      107 words
    • Article
      Lock icon FALLS
      115 8 BY CENTS CLOSE DOWN DBXT AUDMM 5SG$ *****-697.0 -2.7 DBXT SPASX200 10US$ 2957-360.3 -8.5 DBXT Nifty 10US$ 9174-309.4 -2.5 IS S&P500 *****-229.8 -1.5 DBXT MSKorea 10US$ 4951-211.5 -3.2 JMH 4898-178.9 -2.7 DBXT E50 10US$ 3198-152.8 -3.5 DBXT MSEurope 10US$ 3765-125.3 -2.5 DBXT MSJAP 10US$ 3372-104.4 -2.3 DBXT MSUSA 10US$
      115 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      247 9 WHAT WILL YOU DO ABOUT IT? ,T fi /i m. #1 .V*' WW > '?i> u r. 1 BE EMPOWERED. There are opportunities in every market. The challenge is discovering where they are. Intelligent investors use Saxo's leading trading and advanced research tools to find them. Backed by our award-winning
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Modelling agencies fined $362,000 for price fixing
      624 10  -  Firms met, agreed upon prices for over a period of 4 years By KELLY TAY A BEVY of modelling agencies have catwalked themselves into $361,596 worth of financial penalties as punishment for fixing the rates of fashion shows, editorials, and other modelling services.
      FILE PHOTO  -  624 words
    • Article
      Lock icon JTC to develop more land at Seletar Aerospace Park
      446 10  -  80% of Phase 1 and 2, which are already complete, has been taken up to date Reports by VEN SREENIVASAN JTC Corporation yesterday announced plans to develop an additional 70 hectares of land at the mul-ti-million dollar Seletar Aersopace Park (SAP)
      446 words
    • Article
      Lock icon Changi’s passenger traffic jumps 8.3%
      192 10 CHANGI Airport registered 3.88 million passenger movements last month, 8.3 per cent more than the corresponding period last year. At the same time, it handled 26,270 aircraft movements, surpassing the 26,000 mark for the first time and registering a new monthly record. The growth in
      192 words
    • Article
      Lock icon Cat B COE premiums continue north
      284 10  -  By JOYCE HOOI THE certificate of entitlement (COE) premium for big cars continued on its merry way upwards, now at its highest since 1994, in November’s second bidding exercise yesterday. The Category B COE for cars above 1,600 cc rose $340 to $77,340, in
      284 words
    • Article
      Lock icon Redas appoints new CEO
      301 10  -  By MINDY TAN LEE Suan Hiang has been appointed the new chief executive of the Real Estate Developers’ Association of Singapore (Redas). A former senior civil servant, Mr Lee will take over from Steven Choo, Redas’s first CEO, on Dec 8. Mr Lee, 61, was awarded
      301 words
    • Article, Illustration
      Lock icon ANOTHER CYCLE BEGINS
      223 10 SPECTRUM Worldwide and OCBC Bank yesterday announced that the fourth edition of OCBC Cycle Singapore will take place over three days, from March 2-4, 2012. Next year’s event will feature an enhanced Super Challenge, and an additional Junior Challenge category. The Super Challenge has been extended to
      223 words
    • Article
      Lock icon Business travel not going anywhere anytime soon
      482 10  -  In-person meetings still crucial to landing deals: poll By DOLLY CHIA EVEN as some switch to transcontinental Web conferences, face-to-face meetings is still what seals the deal, according to a business travel survey. In-person meetings raise the likelihood of converting prospective clients into
      482 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon For developing nations, weaker growth looms
      498 11 Biggest challenge now is minimising eurozone fallout, says World Bank Reuters [WASHINGTON] Developing nations face weaker growth over the next two years as the eurozone debt crisis deepens and making the most of scarcer aid dollars will be vital, a senior World Bank official
      Reuters; REUTERS  -  498 words
    • Article
      Lock icon US trade pact puts South Korea out in front: Lee Myung-Bak
      362 11 AFP [SEOUL] South Korea is overtaking competitors thanks to its free-trade deals, President Lee Myung-Bak declared yesterday, a day after a pact with the United States was ratified amid chaotic scenes in Parliament. “We have expanded our economic territory
      AFP  -  362 words
    • Article
      Lock icon After a TPP, time for a transAtlantic deal too?
      542 11 Biz leaders urge US and EU to consider economic, trade pact Reuters [WASHINGTON] After President Barack Obama’s commitment this month to a transPacific free trade agreement (FTA), business leaders in Europe and the United States are asking for a similar initiative
      Reuters  -  542 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon MAS, AirAsia shares skid as tie-up looms
      606 12  -  Budget carrier’s shares slide as profit dives; MAS seen in the red in 2012 too By PAULINE NG in Kuala Lumpur AHEAD of a planned alliance, Malaysia Airlines (MAS) and AirAsia have been put on the back foot by lower-than-forecast earnings in the
      ARTHUR LEE CH  -  606 words
    • Article, Illustration
      Lock icon Alliance Financial, Hwang-DBS mull merger: report
      463 12  -  By S JAYASANKARAN in Kuala Lumpur ALLIANCE Financial Group, one of Malaysia’s smallest banks, is mulling a merger with investment banker Hwang-DBS, according to a report from The Star daily yesterday. The paper said without citing its sources that Singapore’s DBS Group, which owns
      BLOOMBERG  -  463 words
    • Article
      Lock icon Anger over new M’sian assembly law
      382 12 AFP [KUALA LUMPUR] Malaysian opposition politicians, activists and the legal fraternity voiced outrage yesterday over a new law that they say cracks down on the right to peaceful protest. Prime Minister Najib Razak, who is widely tipped to call snap polls within months, in
      AFP  -  382 words
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      665 12 WATS NOTICES CHINA FASHION HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Registration No: *****1696K) NOTICE OF EXTRAORDINARY GENERAL MEETING The terms and expressions not defined herein have the same meanings as ascribed to them in the Circular. NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the "EGM") of
      665 words
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      Lock icon Page 12 Advertisements Column 2
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      212 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Rupee’s slump stokes Indian inflation
      854 13 Weak currency comes as factory slowdown in China eases price pressure Bloomberg impact.” Bloomberg, Reuters [NEW DELHI] The Indian rupee’s slump to its weakest level since at least 1973 risks boosting inflation and spurring higher interest rates just as a manufacturing slowdown eases price pressures
      Bloomberg; impact.” – Bloomberg, Reuters; REUTERS  -  854 words
    • Article
      Lock icon Loan growth seen slowing in 2012: HKMA
      301 13 Bloomberg [HONG KONG] Hong Kong loan growth may slow next year after lending momentum began decelerating in September because of falling demand and tightening of bank funding, the Hong Kong Monetary Authority said. “Loan growth in the past one to two months has
      Bloomberg  -  301 words
    • Article
      Lock icon India Tata group names successor to iconic boss
      280 13 AFP [MUMBAI] India’s Tata group named a successor yesterday to its veteran chairman and business icon Ratan Tata, bucking tradition by appointing a non-family member for the first time in its 143-year history. Cyrus P Mistry, an existing director, was promoted to
      AFP  -  280 words
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  • WORLD
    • Article
      Lock icon Corporate lending market faces squeeze as banks tighten rules
      708 14 Eurozone debt crisis makes funding scarce and sends costs soaring Reuters [VIENNA] Western European banks’ efforts to trim balance sheets are putting the squeeze on corporate fund-raising from Albania to Australia, threatening the health of economies near and far. Forced to
      Reuters  -  708 words
    • Article, Illustration
      Lock icon RBA move to help banks cut systemic risk
      499 14 Reuters [SYDNEY] Australia’s central bank says its decision to accept self-securitised mortgages as collateral for loans was intended to discourage banks from holding too much of each other’s debt, so reducing systemic risk in the system as a whole. In a speech
      Reuters  -  499 words
    • Article
      Lock icon Aussie mining tax passes biggest hurdle
      283 14 Reuters [CANBERRA] Australian Prime Minister Julia Gillard has won a major victory that may help revive her Labor Party’s struggling fortunes after divisive laws for a profit tax on mining companies narrowly passed through Parliament’s lower house. After 18 months of acrimonious debate that
      Reuters  -  283 words
    • Article
      Lock icon Banks provide loans to buyers of their assets
      638 14 European banks face challenges selling distressed loans Bloomberg [LONDON] European banks, vowing to sell distressed assets as regulators tighten capital requirements, are lending money to buyers to get deals done. Royal Bank of Scotland Group plc may provide as much as £600
      Bloomberg  -  638 words
    • Article, Illustration
      Lock icon London banks’ daily rate setting system comes under fire
      1374 15 Libor panel members face several lawsuits claiming they distort market prices or conspire to rig rates Bloomberg [LONDON] Every workday morning in London, at about 10 o’clock, representatives from 19 banks make a series of decisions that affect financial transactions around
      Bloomberg; BLOOMBERG  -  1,374 words
    • Article
      Lock icon Hedge funds retain appeal despite rough year
      689 16 Poor returns fail to deter investors, as US$70b flow in, mostly from pensions NYT [NEW YORK] Hedge funds, the golden children of finance, are having a very rough year. For one, they are not making money the way they used to. Returns for
      NYT  -  689 words
    • Article, Illustration
      Lock icon Global wave of mergers reaches Japan’s shores
      628 16 Tokyo-Osaka combine will create a formidable force Bloomberg [TOKYO] Tokyo Stock Exchange Group’s takeover of Osaka Securities Exchange Co on Tuesday marks its entry into a global wave of mergers that has seen US$30 billion in proposed acquisitions over the last 13 months.
      Bloomberg; BLOOMBERG  -  628 words
    • Article
      Lock icon Wooing big money with transparency
      549 16 Reuters [HONG KONG] Asian hedge funds, starved of capital, are increasingly giving up their treasured secrecy and allowing clients more control of their investments in order to draw money from institutions. The so-called managed accounts that more Asian hedge funds have started to offer clients
      Reuters  -  549 words
    • Article
      Lock icon Retail groups sue over swipe fee rules
      465 16 They say Fed disregarded law when deciding how much banks can charge Bloomberg [WASHINGTON] The Federal Reserve was sued by retailer groups over new regulations governing so-called swipe fees, claiming that the Fed disregarded the law when deciding how much banks can charge
      Bloomberg  -  465 words
    • Article, Illustration
      Lock icon Young Asians creating wealth at a fast pace
      613 17 These entrepreneurs’ private banking needs vastly differ from those in West NYT [NEW YORK] Wealth is being created in Asia at a rapid pace by a young generation of entrepreneurs whose private banking needs differ significantly from those of high-net-worth individuals in
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    • Article
      Lock icon Some challenges remain for Asean integration
      644 17  -  By MALMINDERJIT SINGH [SINGAPORE] Asean still faces major challenges in some of the more important aspects of integration, according to the man leading the process. “Since the Asean Economic Community (AEC) blueprint was adopted in 2007, about 75 per cent of the measures have
      644 words
    • Article
      Lock icon Deutsche Bank mulls global asset management ops
      386 17 Reuters [FRANKFURT] Deutsche Bank AG is reviewing its global asset management operations in light of changing regulations, costs and competition which threaten its ambitions to be a market leader in each of its businesses, it said. “All strategic options are being considered,” Germany’s
      Reuters  -  386 words
    • Article
      Lock icon AT&T running out of options over T-Mobile deal
      497 17 It faces more hurdles as regulators seek court hearing Bloomberg [NEW YORK] AT&T may be running out of options to win regulatory approval for its proposed US$39 billion takeover of T-Mobile USA, forcing AT&T to choose whether to drop the bid or
      Bloomberg  -  497 words
    • Article
      Lock icon Merck forks out US$950m in Vioxx case
      468 17 Investors are also suing, saying Merck played down the risks of the painkiller NYT [NEW YORK] Merck has agreed to pay US$950 million and has pleaded guilty to a criminal charge over the marketing and sales of the painkiller Vioxx, the company and
      NYT  -  468 words
    • Article
      Lock icon European banks turn to ECB for emergency funds
      567 18 Indebted eurozone govts struggle to borrow amid waning investor confidence NYT [FRANKFURT] Banks clamoured for emergency funds from the European Central Bank on Tuesday, borrowing the most since early 2009 in a clear sign that the euro region’s financial institutions are having
      NYT  -  567 words
    • Article, Illustration
      Lock icon Lloyds shortlists two bidders for its branch sale
      592 18 Reuters [LONDON] New British bank venture NBNK and the mutually owned Co-op-erative Group have been shortlisted by Lloyds as prospective buyers of the 630 retail bank branches which it has been told to sell, sources with knowledge of the situation said. Lloyds
      Reuters; AFP  -  592 words
    • Article, Illustration
      Lock icon US banks report best quarter in four years
      422 18 Bloomberg [WASHINGTON] US lenders had net income of US$35.3 billion in the third quarter, their best performance in four years, as loan-loss provisions and net charge-offs declined, the Federal Deposit Insurance Corp (FDIC) said yesterday. Bank profits rose as lenders put aside
      Bloomberg; REUTERS  -  422 words
    • Article
      Lock icon Fed plans new round of stress tests for biggest banks
      617 18 NYT [NEW YORK] The Federal Reserve said on Tuesday that it was planning for the United States’ biggest banks to undergo another round of stress tests to determine whether they are sound enough to raise their stock dividends or buy
      NYT  -  617 words
    • Article
      Lock icon IMF enhances lending tool kit to help break European debt crisis contagion
      728 18 NYT [WASHINGTON] The International Monetary Fund (IMF) on Tuesday announced a set of measures intended to “bolster the flexibility and scope” of its emergency programmes to aid nations that may face liquidity problems. The IMF, in addition, is
      NYT  -  728 words
  • Page 14 Advertisements
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      366 14 >«£ [«6AT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF l-SIRIUS PTE LTD (IN PROVISIONAL LIQUIDATION) (Company Registration No. *****5128G) NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATORS Take notice that Messrs Tam Chee Chong and Lim Loo Khoon, care of 6 Shenton Way, #32-00
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      229 14 NOTICE OF MEETING OF CREDITORS IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF CPD OILWELL INTERNATIONAL PTE. LTD. Co. Reg. No. *****4985D Notice is hereby given pursuant to section 296 of the Companies Act, Chapter 50, that a meeting of the creditors of the
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      257 14 IN THE MATTER OF THE COMPANIES ACT. CAP.50 AND IN THE MATTER OF CARMEN CMT HOLDING PTE LTD (In Members’ Voluntary Liquidation) Co. Reg. No. *****6589G At an Extraordinary General Meeting of the company duly convened and held at 61 Ubi Avenue 2 #03-03 Automobile Megamart Singapore *****8 on 21
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      603 14 BEATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices M HOE LEONG CORPORATION LTD. (Company Registration No.: *****8433W) (Incorporated in the Republic of Singapore on 18 November 1994) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of Hoe Leong Corporation Ltd. (the
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      408 14 LDRENZD LORENZO INTERNATIONAL LIMITED (Incorporated in the Republic ot Singapore) (Company Registration No. *****8277C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Lorenzo International Limited (the "Company") will be held on 9 December 2011 at 10.30 a.m. at 27 Kaki Bukit Place, Eunos
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      354 15 Men'sHealth SINGAPORE SIGNUPAT MENSHEALTH.COM.SG URBANATHLON 20,2 REDEFINE YOUR LIMITS 9 URBAN OBSTACLES, 14KM ROUTE 19 FEB 2012 [SUN] 7AM NICOLL HIGHWAY SINGAPORE'S TOUGHEST URBAN OBSTACLE RACE IS BACK. ARE YOU UP EOR IT? N N WAT WAI Utit WA *C Hf 3 WATC V5» Aicnl AT 0 K if 1
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      42 16 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY INDIAN PROPERTY Right time to buy? High interest rates slow sales, but developers tempt with better prices HOP ON FOR A FUN HERITAGE RIDE GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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      18 16 VOTE for your favourite restaurant and you could win a 42-inch Smart TV! Findoutmoreatwww.asiaone.com/pca Platinum Sponsor Gold Sponsor
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  • Page 17 Advertisements
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      85 17 WMRAS f PAVILION ENVIROASIA2011 The 5th International Environmental Technology Exhibition Conference 22 25 November 2011 Suntec Singapore Opening Hours: 10.30 am 6 pm L sD -vv BioCon BRANSON DKSH Solutions P R C E M S dP Nakayama QR)SELETAR Singapore Pavilion at EnviroAsia is organised by: 4 WMRAS Waste Management
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  • AVIATION
    • Article, Illustration
      Lock icon Airbus, Boeing vie to sell United 150 jets
      816 19 The US$15b deal may include 130 revamped narrow-body planes Reuters [PARIS] Airbus and Boeing are bidding to sell around 150 jets to United Continental as the world’s largest airline joins an industry-wide scramble for fuel savings, people familiar with the matter said.
      Reuters; AP  -  816 words
    • Article, Illustration
      Lock icon India’s Jet raising funds to keep flying
      575 19 Airline plans to sell and lease back planes, and sell land Reuters [MUMBAI] India’s debt-rid-den Jet Airways said on Tuesday that it would sell and lease back aircraft and offload land to raise funds after its auditors warned of a cash crunch threatening
      Reuters; BLOOMBERG  -  575 words
    • Article
      Lock icon Pilot walks away after copter crashes into pylon
      286 19 Chopper breaks up while putting up a giant Christmas tree on Auckland waterfront AFP [WELLINGTON] A New Zealand helicopter pilot miraculously escaped injury yesterday when his chopper crashed spectacularly and broke up while erecting a giant Christmas tree on the Auckland waterfront.
      AFP  -  286 words
    • Article
      Lock icon El Al’s Q3 profit falls 51% on fuel costs, competition
      265 19 Reuters [TEL AVIV] El Al Israel Airlines has posted a 51 per cent drop in third-quarter net profit, hit by a jump in fuel costs and increased competition, and announced plans to lay off 200 workers while top executives agreed
      Reuters  -  265 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      360 19 CRYPTIC CROSSWORD Across 1 Football team depressed about very best wingers being missing (6) 5 Game in naval station followed by dance (8) 9 Dismay is hidden by adherent being put out (10) 10 What’s earned is money taken to bookie? Not right! (4) 11 Fellow in dressing-room can be
      360 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    3042 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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  • SHIPPING
    • Article
      Lock icon SSF goes bespoke to gain bigger following
      478 21  -  Editable version of form to be available on website widely used by shipbrokers By LYNN KAN MORE shipbrokers will get a shot at using the Singapore Ship Sale Form (SSF), as it goes bespoke on a website widely used by the community. The
      478 words
    • Article
      Lock icon UGC, investment group sign deal to build grain terminal
      322 21 Reuters [MOSCOW] Russia’s state grain trader, the United Grain Co (UGC), and investment group Summa said on Tuesday they had signed a deal to build a new grain export terminal on the Pacific cost with a capacity of five million tonnes
      Reuters  -  322 words
    • Article, Illustration
      Lock icon Vale’s US$2.3b China ore ships bet goes awry
      686 21 Bloomberg [HONG KONG] The Vale Brasil, the biggest commodity ship ever built, was designed to carry iron ore to China from South America. After six months in operation, it hasn’t done that even once. China’s refusal to accept the Vale Brasil has
      Bloomberg; BLOOMBERG FILE PHOTO  -  686 words
    • Article
      Lock icon Tanker surplus in the Persian Gulf grows
      355 21 There are 13% more VLCCs ready for hire than likely cargoes Bloomberg [LONDON] An oversupply of supertankers competing to load two million barrel cargoes of oil at Persian Gulf ports has risen, a survey showed. There are 13 per cent more very large
      Bloomberg  -  355 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 21 SGX '000 Nov 23 S$ +/-Vol CH Offshore 0.38 0.03 5 Chuan Hup Hldg 0.20 -0.01 149 Cosco Corp 0.88 -0.03 5773 CWT Ltd 1.00 -0.02 241 Ezra Hldgs 0.84 -0.02 2551 First Ship Lea 0.29 -0.01 897 Freight Links 0.06 unch 250 Grand Banks 0.31 0.07 100
      278 words
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      21 21 FREIGHT sir FORWARDER i«.h<h. urgently needed by shippers Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
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      Lock icon Page 21 Advertisements Column 2
      34 21 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. —THE BUSINESS TIMES SHIPPING TIMES Legal services required by shippers owners Can they find your services here in the Shipping Times?
      34 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Good code, pity about the governance culture
      1051 22  -  Corporate Governance Council misses the chance to promote major transformation By MAK YUEN TEEN The writer is an associate professor of NUS Business School THERE is much to commend in the final recommendations of the Corporate Governance Council on proposed revisions to the
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      Lock icon Republican case for flat tax in US falls flat
      716 22  -  THE BOTTOM LINE MITCHELL A ORENSTEIN The writer is a professor at Johns Hopkins University School of Advanced International Studies in Washington, DC Project Syndicate WITH America’s Republican presidential candidates lining up to declare their fealty to a flat tax a
      Project Syndicate  -  716 words
    • Article
      Lock icon The cost of electricity imports
      451 22 EDITORIAL VIETNAM has announced that it was going nuclear, coincidentally just days after Singapore said that it was stepping up plans to import electricity from the region in the “medium term”. Another neighbour, Indonesia, which sells gas to power stations here, that same week floated
      451 words
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      Lock icon Japan’s BOJ fears ECB mood change
      1214 23  -  If ECB makes concessions on funding eurozone governments, pressure on BOJ to do likewise in Japan could rise ANTHONY ROWLEY Tokyo Correspondent DEVELOPMENTSatthe European Central Bank (ECB) in Frankfurt are being watched as much with fear and trepidation as with interest by other central
      AP  -  1,214 words
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      Lock icon Durban must deliver the roadmap to a global climate agreement
      743 23  -  By CONNIE HEDEGAARD The writer is European Commissioner for Climate Action WHEN ministers and negotiators from all over the world gather in South Africa for the UN climate conference at the end of this month, it will be a crucial
      REUTERS  -  743 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7946 24 Transaction date: Nov 23 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 11.6 8Telecom 15.5 10.5 15 7.8 3.9 3.2 74.2 9.5 4.1 A-Sonic 4.5 4.5 5.2 2.9 1.7 32.2 65
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    • Article
      Lock icon SGX CATALIST
      1588 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 12.2 t 800 Super 12.7 +0.1 114 12.7 12.6 12.7 13.2 4.7 4.3 4.9 22.7 5.5 2.5 t AA Grp 3.3 2.6 3.5
      1,588 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      10086 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.16/ APS Alpha Fund (USD)!** 0.89/ 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 0.6103/ Asian Credit Fund
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    • Article
      Lock icon GLOBALQUOTE
      225 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 $mil 55.5 34 AVJennings A39 35.5 44.5 3.6 9 3.1 101.6 49 25.5 Genting HK US$ US27.5 -1 5604 28.5 27.5 27.5 28 1810.7 15 10 OGL Resources
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    • Article
      Lock icon SGX ETF
      900 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 $mil 130 108 ABF SG Bond ETF 116.7 -0.3 2 116.8 116.7 116.6 117.3 532.7 1261 856 CIMBAsean40 100US$ US928 -1 24 928 915 918 928 37.1
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Nov 22 Index Change Change Change Change Change Change World Preliminary 785.8 -0.7 -12.5 -0.8 -10.7 -0.6 -12.2 EAFE Preliminary 648.4 -0.4 -19.0 -0.5 -16.8 -0.3 -18.1 Europe Preliminary 951.5 -0.6 -18.6
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 26 CRUDE OIL PRODUCTS Nov 22 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.10 1.63 WTI (Near Mth) 97.56 0.99 Dubai (1-Mth F) 105.58 0.75 Tapis blend 113.53 0.97 Minas 110.23 1.47 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.00 1.33 Jet Kerosene 126.50 -0.17 US$/barrel Opec Oil
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    • Article
      Lock icon CHICAGO BOT
      107 26 Nov 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1153.00 1148.00 1155.75 1141.00 Mar 12 1162.75 1158.00 1165.50 1150.75 May 12 1172.00 1167.75 1174.75 1161.25 Jul 12 1180.75 1176.75 1183.75 1169.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 11 50.78
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    • Article
      Lock icon GOVERNMENT SECURITIES
      77 26 Nov 23 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 23.02.2012 0.31 0.24 0.24 1-Year BY*****W 01.11.2012 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.33 5-Year N*****0W 1.125 01.04.2016 102.49 10-Year NX*****X
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      454 26 Nov 23 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.3475 0 2256 Mar12 99.1750 0 3291 Jun12 99.1450 0 1101 Sep12 99.1500 0 584 EUROYEN TIBOR FUTURES Dec11 99.6650 0 4432 Mar12 99.6575 0 1937 Jun12 99.6600 0 1470 Sep12 99.6575 0 711 Dec12 99.6600
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      128 26 As on 22 November 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT DEC2011 1701.70 1677.00 1702.60 90 SILVER FUT DEC2011 31.805 31.390 32.960 6 CURRENCY AUD-USD FUT DEC2011 .9869 .9787 .9829 2306 EUR-USD FUT DEC2011 1.3569 1.3470 1.3518 9518 GBP-USD FUT
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    • Article
      Lock icon SGX FUTURES
      149 26 Nov 23 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 11 324.9 319.0 325.0 4 482 Jan 12 326.0 326.0 326.0 5 335 Feb 12 328.6 213 Mar 12 333.0 296 Apr 12 337.0 151 May 12
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    • Article
      Lock icon LONDON METALS
      71 26 Nov 22 Nov 22 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2050.00 2045.00 3 months 2070.50 2067.00 Copper, Grade A (US$/tonne) Cash 7303.00 7283.00 3 months 7330.00 7310.00 Lead (US$/tonne) Cash 1996.25 1969.50 3 months 2019.50 1993.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon LIFFE
      82 26 Nov 22 COCOA (£/tonne) Close Prev High/Low Dec 11 1510 1514 1541/1496 Mar 12 1540 1541 1572/1525 May 12 1554 1557 1587/1541 Jul 12 1569 1571 1599/1557 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1837 1830 1833/1832 Jan 12 1878 1871 1890/1861 Mar 12 1914 1905 1925/1895 May 12
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2092 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 45 52.50 30 ASJ Hldgs W*****1 0.1 1 4 24 33.00 3 AlliedTech W*****2 1.7 1 4 24 Ascendas Reit.ES.1111 203 Aztech Grp W*****3 0.4
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 26 Nov 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.017 6.200 0.725 7.599 50.874 88.358 0.751 11.237 3.103 1.310 85.325 42.389 1.273 8.261 0.892 29.640 30.477 0.626 0.975 Canada 0.984 6.099
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    • Article
      Lock icon SIBOR
      82 26 Nov 23 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon PRECIOUS METALS
      138 26 Nov 23 GOLD (US$/oz) Nov 23 Nov 22 Hong Kong 1701.00 1695.00 Nov 22 Nov 21 London 1696.99 1691.92 1698.00 1693.64 Source: Thomson Reuters CAST BAR Nov 23 (S$) Selling Buying Kilobar 76,775.71 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 172 72 5gm 488 358 10gm 872
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    • Article
      Lock icon PALM OIL
      57 26 Nov 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 11 3179 3171 3175 3135 542 2953 Jan 12 3158 3166 3186 3132 3823 ***** Feb 12 3170 3161 3184 3128 ***** ***** Mar 12 3157 3162
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    • Article
      Lock icon STOCK INDEX FUTURES
      24 26 Nov 23 Open High Sett STI Nov 2677 SIMSCI Nov 308.6 309.0 304.3 Taiwan Nov 249.9 251.2 243.9 Source: SGX Derivatives
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 26 Nov 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2730 1.2739 0.9750 0.9755 Canadian dollar 1.2521 1.2530 0.9590 0.9595 Euro 1.7549 1.7557 1.3441 1.3444 NZ dollar 0.9712 0.9730 0.7439 0.7451 Sterling pound 2.0340 2.0350 1.5579 1.5583
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Nov 23 S$ Bid Offer 1-month 1.3056 1.3060 2-months 1.3055 1.3059 3-months 1.3051 1.3055 6-months 1.3026 1.3031 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Nov 23 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.31 1.248 Can dollar 1.277 1.228 Euro 1.792 1.724 Sterling pound 2.075 1.996 NZ dollar 1.001 0.954 US dollar 1.323 1.273 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      154 26 Nov 23 $S Offer Bid 0vernight 0.02 par 1-month 5/16 3/16 2-months 5/16 3/16 3-months 5/16 3/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.55 0.35 3 months 0.60 0.40 6 months 0.80 0.60 9 months 1.00 0.80 12
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • Article, Illustration
      Lock icon ICT market to grow 10.4% in 2012
      1029 27  -  But according to IDC, despite this growth in APEJ there will be a lot of uncertainty in the market, reports AMIT ROY CHOUDHURY reports AMIT ROY THE only certainty is the uncertain economic climate that will prevail in 2012, says IDC while making
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    • Article, Illustration
      Lock icon GlobalFoundries chief takes gloom in stride
      516 27  -  Global nature of firm will prevent geographical impact By DOLLY CHIA NEWLY appointed GlobalFoundries CEO Ajit Manocha does not expect a geographical impact from the gloomy economic climate, given the global nature of the company. “We’ll see a balancing act during this time. While
      516 words
    • Article
      Lock icon Apple wins smartphone-linked patent case
      621 27 Bloomberg [WASHINGTON] Apple Inc won a US trade case brought by HTC Corp’s S3 Graphics over ways to make images appear three-dimensional on an electronic display, the first definitive patent ruling affecting smartphone imports. The US International Trade Commission said S3’s patent rights weren’t violated
      Bloomberg  -  621 words
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      Lock icon Samsung in final talks to launch Google TV
      293 27 Reuters [SEOUL] Samsung Electronics, the world’s top TV maker, is in last-stage talks with Google to roll out its Google TVs, the head of Samsung’s TV division told reporters on Tuesday. Google TV which currently comes built-in on certain Sony Corp television
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      66 27 asiaSoa Asia's leading Luxury Spa Wellness Publication spa style senses THE ISSUE Ir iJ TOP 10 SPA DESIGNERS ®fll, MASTERING THE ART OF WELLNESS THE RISE OF THE DESIGNER SPA DESIGNING ECO SPA SPACES ENCHANTING JAVA DISCOVERING JORDAN VIENNA'S SUPERLATIVE SPAS Ask your local bookshop or make sure of your
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  • PROPERTY
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      Lock icon Singapore rents seen buffeted by global headwinds
      464 28  -  DTZ Research downgrades forecasts for office, industrial segments By MICHELLE TAN [SINGAPORE] Global headwinds are likely to dampen Singapore’s rental market outlook, according to a report by DTZ Research. Factoring in the growing turmoil and uncertainty in global financial markets, DTZ has downgraded
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      397 28  -  By UMA SHANKARI [SINGAPORE] Far East Organization will preview the 231-unit The Scotts Tower next week under its new Far East SOHO brand. Units in the 103-year leasehold project, which is located at Scotts Road, will start from about $3,200 per
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      Lock icon Househunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 20 WITH CONTRACT DATES BETWEEN OCT 26 AND NOV 1, 2011
      1438 28 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 27/10/2011 99 1033 3616 3500 District 2 NON-LANDED
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      Lock icon Danes split on mortgage risk as auction begins
      880 29 Bloomberg [COPENHAGEN] Denmark’s mortgage-bond industry is split over the risks facing its lenders as the country tries to attract investors to a US$90 billion auction in the securities starting this week. Denmark’s Mortgage Bankers’ Federation is urging lenders to phase out one-year
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      Lock icon US states draft smaller mortgage abuse settlement
      603 29 Arrangement will exclude California, hardest hit by falling prices, foreclosures Reuters [WASHINGTON] States are crafting a scaled-back mortgage abuses settlement with top US banks that would exclude California, one of the states hardest hit by foreclosures and falling home prices. The smaller settlement
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      Lock icon Shenzhen property start-up targets raising 1.5b yuan
      354 30 Reuters [HONG KONG] PTiFund, a Shenzhen-based private equity start-up backed by Hong Kong-listed developer Top Spring International Holdings Ltd, said yesterday that it has closed the first round of financing on its debut fund, a 500 million yuan (S$ 102 million) product. The
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      Lock icon Greeks up in arms against unpopular property tax
      384 30 More parties support move as a strike against austerity budget looms AFP [ATHENS] Opposition to an unpopular property tax imposed to help secure bank-ruptcy-saving European Union (EU) loans gathered pace in Greece yesterday ahead of a new general strike called by unions
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    • Article
      Lock icon Central Pattana says floods have no significant impact
      141 30 Bloomberg [BANGKOK] Central Pattana Pcl, Thailand’s biggest shopping mall developer, said that the nation’s floods won’t have a significant impact on sales this year. Revenue lost because of store closures in Bangkok will be offset by higher sales at outlets in cities
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      Lock icon Call to relax UK planning laws to boost growth
      371 31 Think tank says UK should build new homes on derelict sites or green areas Reulers [LONDON] The government should seek to create new cities and help expand existing ones by relaxing planning laws as part of next week’s Autumn Statement, a
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      Lock icon British home ownership seen falling
      274 31 Reuters [YORK, England] The proportion of Britons who own their own homes is likely to be permanently reduced as a result of the financial crisis, Bank of England policymaker David Miles said on Tuesday. Addressing a property industry conference here, Mr Miles said that banks
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      344 31 Reuters [LONDON] Malaysian property company SP Setia is in talks to take control of London’s landmark Battersea Power Station and fund a £5.5 billion (S$11.2 billion) redevelopment of the site, The Telegraph newspaper reported yesterday. SP Setia has agreed terms with Irish
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      33 28 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 lsavills.com savills AGENCY NO. L*****88B
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      222 29 Sentosa Bungalow For Sale Land Area: 7338 sqft, Built up area: 8859 sqft 5 Bedrooms En-suite 1 Nanny's Room En-suite 1 Maid's Room 3 Storeys Spacious Living and Family Area Parking Space For 5 Cars Private Pool With Jacuzzi Berth Western and Asian Kitchen Installed with Private Lift Inclusive of
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      1841 30 MAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices MEDI-FLEX MEDI-FLEX LIMITED (Registration No. *****2754H) I (Incorporated in the Republic of Singapore) A member of Top Glove Group of Companies NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVENTHAT the Annual General Meeting of Medi-Flex Limited ("Company") will be held at
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      112 30 For Sale by Tender (53C Lor 17 Geylang) 2 blocks single-storey detached factory on 2 land parcels Land Area Approx 2,378 sm (25,596 sq ft) Zoning Part Residential Part Business 1 Tenure Estate in Fee Simple Walking distance to Aljunied MRT Tender Closing: 15 Dec 2011 (Thur), 3pm Chan Leiling
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      244 30 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction"? Already own and want to ensure you have the best loan? Contact Specialist Mortgage here in Singapore for free impartial advice to review all of your options. Ill mm Specialist Mortgage (In
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      41 31 Stevens Road The Draycott D raycott Park Ardmore Park Draycott 8 Subject Property Ardmore Park The Claymore The Tanglin Club Draycott Drive Claymore S c otts Ro ad Goodwood Park Hotel ill H The Tanglin Club Sports Centre The American Club
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      295 32 o o *3^ rr Sfl S ,*-> u£» u> *4s o R*' >- o*\ c v) ■> •> <*> 1 >* > o. r> *> 5 >' <3 J? <? W 1 Using data to shelter a city. In recent decades, innovation and growth have allowed many of the world's
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  • THE BUSINESS TIMES Entemrise 50
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      Lock icon Bracing for a whole nevtjvorld
      276 1  -  By Chen Huifen EW would dispute that the world is going through challenging times. With a debt crisis hanging over the eurozone region, a fragile United States economy and a struggling Japan, the big picture does not look all that promising. At the same time,
      276 words
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      Lock icon CONTENTS
      33 1 Discovering their winning formula I PAGE 4 The best kind of obsession I PAGE 8 A new challenge for Eurokars’ driver I PAGE 16 Moving up with cloud computing I PAGE 27
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      1141 2  -  The firm, which has undergone plenty of restructuring lately, now wants to be more things to more clients. HOOIreports JOYCE HOOI THERE has been plenty of tinkering going on at Wah Loon lately, which is fitting, given its core expertise in mechanical and electrical
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      1101 4  -  The diverse personalities of Falcon’s chairman and CEO fit together perfectly like a jigsaw. This seems to be the secret to the furniture maker’s success in such a short span of time, reports MICHELLE TAN NO different from most, furniture duo Low Heng Huat and Iris
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      844 6  -  The multi-purpose vessels that are custom-built by the firm are capable of performing a variety of tasks, reports NARENDRA AGGARWAL HOMEGROWN Fast Offshore Supply (FOS), a relatively young player in the business of building multi-purpose vessels for the oil and gas industry, is in the
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      1204 8  -  The CEO of P&N Holdings tells JAMIE LEE the story of how his interest in property was initially ignited and how he turned his start-up into today’s diversified multi-million dollar business JAMIE LEE FOR the CEO of P&N Holdings, otherwise known as the parent company
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      780 12  -  Chye Joo Construction’s MD attributes his firm’s success to the business philosophy of providing quality services on schedule at cost-effective prices. SHANKARIreports UMA SHANKARI ENGINEERING and construction services company Chye Joo Construction has come a long way since it was founded in 1979. The
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      1430 16  -  Karsono Kwee, the automobile distributor’s owner, tells FELDA CHAYthat he wants to rescue and transform the Mazda franchise in Singapore FELDA CHAY BEING in the lead has not stopped Karsono Kwee from racing even further ahead. The 64-year-old, who owns automobile distributor Eurokars Group
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      850 16  -  Following a 3-step approach will help you plan your campaigns according to events related to your business, says MARGARET CHANG The writer is general manager, Yahoo! Search Marketing, South-east Asia EVENTS generating consumer interest take place every day. Some examples would be the consumer
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      2435 18 In this roundtable discussion, three business leaders share tips and their experiences on ensuring longevity in family-based businesses OVERVIEW: THERE is an old Chinese saying that family-based businesses do not last beyond three generations. But, contrary to the adage, there are successful homegrown companies
      2,435 words
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      1045 20  -  If we are doing well in business, we should translate that to helping others who are not as fortunate, says MHC’s LOW LEE YONG The writer is CEO and founder of MHC Asia, one of this year’s Enterprise 50 winners MHC was
      1,045 words
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      1068 23  -  Lian Soon Construction stays ahead of its competition by being quick in introducing innovative technology in its business, reports MALMINDERJIT SINGH EARLY adoption of innovation and technology helps this family-owned business stay ahead of the competition in its industry. Lian Soon Construction may have
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      1483 24 A POS system can generate reports to help a company make better decisions in managing its operations FOR over 20 years, Wong Li Loon stayed up till 2am almost every night, taking down handwritten notes to calculate the earnings from his curry fish head stall
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      1031 25  -  Trading company Wee Tiong is today a very different business from where it started. MINDY TAN traces its journey MINDY TAN THERE were, arguably, two “aha!” moments that defined Wee Tiong’s journey. Set up as a local rice and sugar importer and wholesaler in 1993,
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      677 26  -  Superworld Electronics is carefully treading the expansion route amid the current economic uncertainties, reports LYNETTE KHOO SMALL is beautiful for the products of Superworld Electronics, a home-grown producer of electronic components. But big is just as beautiful when it comes to the vision of Superworld,
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      Lock icon Growing big, growing strong
      1511 26 A look at some of the key ingredients that will ensure long-term success for organisations IT is easy to see why organisations need and want to grow. This applies not only to bottom line-oriented companies, but also to non-prof-it entities. Just as business management skills can
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      Lock icon Moving up with cloud computing
      1055 27  -  With this, JustCommodity can deploy its risk management software in a matter of days instead of months. TAYreports KELLY TAY COMMODITIES markets have been growing steadily in recent years drawing more players and pushing up volumes and prices. Reaping the benefit is homegrown JustCommodity Software
      1,055 words
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      Lock icon From just building to designing too
      885 28  -  Seiko Architectural Wall Systems is blazing its own trail in the facade-building business. KANreports LYNN KAN PASSENGERS who walk through Changi Airport Terminal 3 may (or may not) know that its facade is totally glass to let natural light illuminate the halls inside, cutting
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      968 28  -  While greentech and cleantech will remain popular subjects, smart is likely to replace green come 2020, says KEE WAI FUN The writer is industry manager, technical insights, at Frost Sullivan Asia Pacific IN recent history, human activities have significantly added to global greenhouse
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      927 29  -  The maker of the Eagle Brand medicated oil has seen better results this year despite the market slowdown. YAPreports EMILYIN YAP COME rain or shine, boom or bust, consumers will need their healthcare fixes, and this is where the small bottle of Eagle Brand medicated oil
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      928 30  -  Concrete manufacturer Excel Precast takes great pride in the high-quality work it does for every single project it takes on, its CEO tells SUZIE H PRECAST concrete manufacturer Excel Precast would rather not take on additional jobs if it means stretching its capacity, even if
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      798 30  -  Face-to-face meetings can be replaced by virtual tools which at times can be even better than meeting in person, writes MRINALINI REDDY VIRTUAL tools such as email, instant messaging and Skype can be just as effective as face-to-face meetings. It all
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      251 1 r—'• I '-rJt-r^ AccHEDiTATioNcomcL ISO 14D00 OHSMS ISO 9000 BCA> ARDS v Congratulations From: IP LLAN SOON CONSTRUCTION PTE LTD ENTERPRISE 20 S T Partner Hi in iiii iiii iiii iiii OUR PEOPLE'S AWARD I m A At Lian Soon Construction, we have upgraded our ENTERPRISE service and automation in
      251 words
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      137 2 ENTERPRISE Celebrating Singapore's Enterprising Spirit 2011 e WE BUILD TO INSPIRE H Seiko Architectural is the proud recipient of the Prestigious Enterprise 50 Award SEIKO m ARCHITECTURAL WALL SYSTEMS PTE LTD Seiko's Office Factory in Singapore ■^0 HOTEL: Carlton Hotel Extension HOTEL: Crowne Plaza ENTERPRISE Celebrating Singapore's Enterprising Spirit 2010
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      333 3 On the contrary, it is not lonely at the top. Welcome to the esteemed network of Enterprise 50 Awards winners, past and present. As sponsor of the prestigious Enterprise 50 Awards forthe sixth year running, we at OCBC Business Banking have never been more inspired by the teamwork and calibre
      333 words
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      156 4 a t i _L ENTERPRISE Congratulations MHC Medical Network Pte Ltd on being awarded the Enterprise 50 Awards 2011 Singapore's largest Third Party Administrator and Clinic Network processing over 1,000,000 Outpatient Claims per year through a network of over 1,000 Clinics in Singapore. OODUOTt CM •V GODUGRfTE go and Helping
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      144 4 ENTERPRISE FEINMETALL Contact technologies for electronics ■m I 'J Couldn't have succeed without u. Feinmetall Singapore is honoured to share the Prestigious Enterprise 50 Award with our valued Technology Business Partners, Customers, Dedicated Staff Management. Without them, this achievement would not have been possible. From a small repair workshop in
      144 words
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      418 5 Achieving Success Wah Loon has always believed in growing and developing growing our skills, expertise, and business, and developing our service standards. If we can think it, we can achieve it. Wah Loon wins Enterprise 50 award for the third consecutive year. In conjunction with this achievement, I would like
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      354 6 Jason Parquet Specialist (S) Pte Ltd Recipient of the ENTERPRISE 2011 Awards Celebrating Singapore's Enterprising Spirit 2011 Since establishing in 1988 with a tiny 2 men operation, Jason Parquet has expanded considerably to a medium sized enterprise now. Jason Parquet sets out to be unique and different from our peers
      354 words
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      230 7 EUEOIOIIIS GROUP Eurokars. Proud to be recognised in the Enterprise 50 Awards. m Rolls-Royce There's one other set of judges we've always aimed to impress: the owners of our cars. At Eurokars, being amongst the best in the Enterprise 50 Awards 2011 is indeed an honour. We're also very proud
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      153 8 2011 ENTERPRISE 50 AWAR D With over two decades of experience, wholly owned offices and distributors in 15 countries, PBA continues its unwavering commitment to provide excellent products and services to our customers. PBA GROUP OF COMPANIES The Entrepreneur of The Year Award, 2010 PBA SINGAPORE PTE LTD Bearings (Linear
      153 words
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      108 10 /^nrfT/ur (OlU'i Thanks a million to our valued customers, principals, bankers and staff for their continuous support contributions to our achievements. ENTERPRISE Celebrating Singapore's Enterprising Spirit 2011 EPchem Your Partner for Special Performance Chemicals v n i v 7/ A V V "A A& '-A ,..J 'i <5 6 •A
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      457 11 O> T GRANDWDRK ENTERPRISE Celebrating Singapore's Enterprising Spirit 20it CELEBRATING A LEGACY OF EXCELLENCE For the 5th consecutive year; Grandwork Interior has attained the prestigious Enterprise 50 Award «it is indeed an honour to receive the Enterprise 50 Award for the fifth year running. Words alone cannot express our gratitude
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      227 12 We would like to give a special THANK YOU to our staff and our business partners for their unwavering support along this journey. Global Harvest Trading Pte Ltd is honoured to be presented with the prestigious ENTERPRISE 50 Award Tr.il m •v v, DELIVERING QUALITY, ON TIME, EVERY TIME. LTJ
      227 words
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      274 13 I* AEROPOSTALE GIUSEPPE ZANOTTI DESIGN k HOLLAND BARRETT we're good for yon -y V ENTERPRISE Celebrating Singapore's Enterprising Spirit 2011 o AIGNER SHOES ACCESSORIES fe: <> ◦ENIZEN Trim Cut DOCKERS nk) La JAY GEE MELWANI GROUP established 1883 FASHIONABLY HONOURED TO RECEIVE THE PRESTIGIOUS ENTERPRISE 50 AWARD FOR THE 2
      274 words
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      283 14 DON'T JUST GO WITH THE FLOW SHOW YOUR RIvt€C green restroom specialist AFS-202 CVIS Urinal Sensor Flush Valve Design Registration Number: D2011/644/E AFS-101DAISDF Water Closet Integrated Sensor Flush Valve w/Over-riding Button Dual Flush Design Registration Number: D2009/809/D UFI3033BP Wall Hung Urinal Design Registration Number: D2011/645/A Sensor Tap Design Registration Number:
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      276 17 A m i. BROM GALAXY IVEF m S r- FOS STAR FOS UNIVERSE t S_ 1 FOS /'s proud to achieve another for the FOS POLAR Ii k. FOS POLttS We thank all our Customers ENTERPRISE Business Associates for their tremendous support! Celebrating Singapore's Enterprising Spirit 2011 FOS ORION HH*
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      348 19 Our Heartiest Congratulations On Your Success In Achieving The Enterprise 50 Award n r\ m Ar/f R PROGRESSIVE BUILDERS PTE LTD y•m v r pur m "nir r ■gg: 3* jjm •R ?A r f 1 a >T r S^U 5 r-v ?> ?S r V? A* >A r "7^
      348 words
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      1213 20 E50 Awards Advertisement Soaring to Greater Heights P&N Holdings is proud to be a recipient of the 2011 Enterprise 50 Awards for the third time. Established in 2003, P&N Holdings is I the award-winning parent company of Ovs I several subsidiaries including PropNex Realty, a leader in the real estate
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      211 21 o (8 f ESUN INTERNATIONAL PTE LTD as -a k is ■UV Friendly has its Reward In its contributing effort to save the environment through recycling, Esun has also grown its metal recycling business to the next levels in the servicing of international suppliers and buyers. The Enterprise 50 Award
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      350 22 to all the winners Congratulations They showed tenacity and a desire to accomplish something out of little, or nothing. They have crossed many hurdles in the past and will do again in the future. These are our top entrepreneurs and we salute them today as we celebrate the achievements of
      350 words
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      179 23 .sMs AIIAIloy Total Welding Solution Provider with Products that Matter ENTERPRISE O Celebrating Singapore's Enterprising Spirit 2011 o X 7 k J r> v n We would like to thank our customers for all your valuable support! We shall work towards serving you better. AIR LIQUIDE SANDVIK Brands: OERLIKON (J
      179 words
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      205 25 <OXH ENTERPRISE Celebrating Singapore's Enterprising Spirit 2011 2011 Winner A Premier Property Developer with Integrated Construction Capabilities .1 U I 1 If 1F?»i I Sill iil Kin Mi: II I Mi Ml Artis ession Our Services: Property Development Premium industrial property development Build-for-sale projects Build-for-lease projects Integrated Construction Services Building
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      169 27 VICTOR ENTERPRISES PTE LTD Winner of the Enterprise 50 Award for three consecutive years ---driven by commitment and sense of achievement for excellence. Distributor of diverse range of: industrial and commercial vehicle lubricants aviation lubricants marine lubricants automotive diesel specialty chemical products Victor Enterprises, your one-stop lubricant and fuel supply
      169 words
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      297 29 r*SZCRO v f SPOT 100% C0R€ ZERO SPOT LAUNDRY SERVICE PTE LTD 39A, SENOKO WAY, SINGAPORE *****5 T: 6852 1771 F: 6852 1770 www.zerospot.com 100% Care, 100% Excellence Zero Spot is proud to win the prestigious Enterprise 50 Award 2011. By living our core values of Zeal and Passion, Integrity
      297 words
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      268 31 ENTERPRISE SC AUTOBUS Celebrating Singapore's Enterprising Spirit 2011 Enterprise 50 Award Winner SC AUTO INDUSTRIES (S) PTE LTD More Than Just A Quality Coach Builder mm s 1! mm 1 i! I mis iU 1 s II ill V 1(1 a J 3 3 r H A company built on
      268 words
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      198 32 Excel Precast Pte Another Concrete Achievement ENTERPRISE Celebrating Singapore's Enterprising Spirit 2011 Today, the modern building industry depends on precast technology to meet the demand for more complex concrete fabrication. Excel Precast is established with one of the most advanced infrastructure to answer the needs for quality precast-construction, effectively, efficiently
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      201 34 Live at the centre of it all. Every SOHO is a hive of boundless creative energy. Diverse backgrounds. Different inspirations. The most vibrant communities. That’s where you’ll find your SOHO. Share your passions. Build lasting bonds and partnerships. SOHO is where you can express yourself, create, and re-invent. This is
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