The Business Times, 16 September 2010

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, September 16,2010
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  • 927 1  -  More transactions at high end, shoebox units still popular By KALPANA RASHIWALA [SINGAPORE] An analysis of developers’ monthly sales information released yesterday by the government showed that 80.4 per cent of the 1,248 private homes sold in August were priced above
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  • 780 1  -  One camp bows out at Singapore Healthpartners, construction now set for November By CHEN HUIFEN [SINGAPORE] The storm appears to have passed at Singapore Healthpartners Pte Ltd (SHP), the group behind Farrer Park Hospital near Race Course Road. One faction of its
    FILE PHOTO  -  780 words
  • 141 1 ST INDEX 3,071.03 (+22.38) ST INDEX FUTURES 3,071 (+22) SIMSCI 361.81 (+2.78) SIMSCI FUTURES 361.60 (+2.60) FOREX US$ S$ US$ (S$ per US$) 1.338 (US$/S$ per 1.552 2.076 EURO (US$/S$/E) 1.299 1.738 Foreign currency per US$ S$ YEN 85.50 63.90 RM 3.115 2.328 HK$ 7.767 5.807 BAHT 30.86
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  • Page 1 Advertisements
    • 63 1 PROPERTY Group to lead S’poreSichuan park project PAGE 32 HOCK LOCK SIEW Hard slog looms as S’pore banks face strong headwinds PAGE 5 COMMENTARY Victory of ‘consensus’ over ‘conviction’ PAGE 21 OPINION What if the US govt had saved Lehman? PAGE World’s first 300mm eWLB facility opened Job prospects healthy
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    • 3 1 8 '*****1 *****4
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    • 59 1 4* r You never actually own a Patek Philippe. You merely look after it for the next generation. EST? 1954 SINCERE fine watches SINGAPORE TAKASHIMAYA SHOPPING CENTRE TEL (65) 6733 0618 LUCKY PLAZA TEL (65) 6737 4593 SUNTEC CITY MALL TEL (65) 6337 5150 MALAYSIA SURIA KLCC SHOPPING CENTRE TEL
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  • TOP STORIES
    • 593 2 Docs heal rift, Farrer Park Hospital back on THE storm appears to have passed at Singapore Healthpartners Pte Ltd, the group behind Farrer Park Hospital near Race Course Road. One faction of its shareholders has bowed out of the picture and construction is set to start in November.
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    • 757 2  -  Yen slips and Nikkei rises after market is taken by surprise by Japan govt action By ANTHONY ROWLEY JAPAN launched its first official foreign exchange market intervention in six years yesterday to snap the sharp upward surge in the yen which has been
      BLOOMBERG  -  757 words
    • 477 4  -  Keen competition, property curbs add to pressure on interest income By CONRAD TAN [SINGAPORE] Singapore interbank rates have dropped to the lowest level on record, threatening to further squeeze banks’ income from lending here. The benchmark Singapore interbank offered rate for
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    • 742 4  -  Minister defends govt decision to host Games, cost overrun By LEE U-WEN [SINGAPORE] Hosting last month’s Youth Olympic Games (YOG) in Singapore w a s i n Vi v i an Balakrishnan’s own words, “not cheap”, given the government forked out $387 million
      THE STRAITS TIMES  -  742 words
    • 513 4 Move follows mining giants’ request for more time to talk to overseas regulators AFP Bloomberg [SYDNEY] Australia’s competition regulator yesterday delayed ruling on BHP Billiton’s proposed iron ore joint venture with Rio Tinto after the mining giants requested more time to talk to foreign officials.
      AFP; Bloomberg  -  513 words
    • 506 4 Bloomberg Reuters [SHANGHAI] China’s yuan rose to the highest level since 1993 against the dollar on speculation the central bank will allow faster appreciation as inflation accelerates and foreign pressure mounts. The People’s Bank of China fixed the yuan’s reference rate
      Bloomberg; Reuters  -  506 words
    • 492 4 Reuters [CHARLOTTE, North Carolina] US banks could soon start to feel the pain of zero interest rates. In recent months, the longer-term rates at which banks lend have fallen fast. But the short-term rates at which banks fund their operations cannot get any
      Reuters  -  492 words
  • Page 2 Advertisements
    • 177 2 E v 1 mm W servcorp.com.sg Or Google "Servcorp' r >' *>? World's Finest Serviced Offices A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of a secretary We help businesses succeed Call
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    • 236 2 KPMG Seminar Series SINGAPORE BankingLawsandRegulations(SecondRun) Dates Day Wednesda 27Octobe 2010 1.45pm 5.45pm Asthef if financi industr evolve andnewregulationsareintroduced,morewillbe expected f if financi institutions thearea compliance Thecompliancerole important helpf if financi institutionsmeettheirf if firm ss regulatoryresponsibilities.An essenti prerequisiteforsuccessf compliance continuouseducationandtraining. Day Thursda 28Octobe 2010 9.00am 5.45pm KPMGwillbeholdin twosemina onBankin LawsandRegulations assist
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  • Page 3 Advertisements
    • 189 3 bl 1 oulevard SINGAPORE Standing apart, yet keeping the finest company. In Singapore's premier district, Orchard. I "A ti Far East Organization presents Boulevard Vue a limited collection of 28 bespoke residences in one of Singapore's most exclusive residential enclaves. Boulevard Vue's coveted address instantly invokes recognition. Each residence is
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  • COMPANY NEWS
    • 513 5  -  More fund managers in Sept survey find equities undervalued, bonds overvalued By JAMIE LEE THE valuation gap between equity and bond markets has hit a new high in a survey by Bank of AmericaMerrill Lynch (BofAML) a sign that investors will stay
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    • 793 5  -  HOCK LOCK SIEW By CONRAD TAN THE headwinds buffeting the Singapore banks are getting stronger. After six months of earnings growth boosted by reductions in bad-loan provisions as the economic outlook improved, and trading gains as financial markets rebounded smartly the
      793 words
    • 345 5  -  By EMILYN YAP ASCOTT Residence Trust (Ascott Reit) has concluded one part of its equity fund-raising exercise, collecting $453.2 million from a private placement of 419.7 million new units. The new units were priced at $1.08 apiece at the lower end of the
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    • 352 6  -  Launch of ADR trading platform next month boosts share price By JAMIE LEE SHARES of Singapore Exchange (SGX) made further gains yesterday following news that American Depository Receipts (ADRs) of 19 major Asian companies will soon be quoted on its new GlobalQuote board. Of the
      352 words
    • 326 6  -  By JAMIE LEE SEVENTY-SIX TIMES. That’s the number of changes that analysts have made to their target prices of Genting Singapore over the year, a Nomura report this week showed. “No one really knows the size of the casino gaming market in Singapore,”
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    • 428 6  -  US firms are lean and streamlined, with double digit growth earnings By MELISSA TAN ASIAN investors should consider US stocks as a way to diversify their portfolios, even if the US economy appears weak now, says a fund manager at RCM, a company
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    • COMPANY BRIEFS
      • 116 6 FOOD Junction Holdings said its subsidiary, Food Junction International, has agreed to buy All Around Ltd for HK$31 million (S$5.34 million). All Round holds 90 per cent of LCR Catering Services Limited, which owns and manages a restaurant, the Lippo Chiuchow Restaurant, in
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      • 88 6 Reuters [SINGAPORE] Singapore Airlines (SIA), the world’s second-biggest airline by market value, said it filled 68.1 per cent of the space available on its planes for passengers and cargo in August. The figure was lower than 70.8 per cent recorded
        Reuters  -  88 words
      • 96 6 MILLENNIUM Copthorne Hotels plc (M&C) said that its subsidiary, CDL Hotels (Malaysia) Sdn Bhd, has agreed to sell a 29,127-sq-ft site adjacent to the Grand Millennium Kuala Lumpur to Urusharta Cemerlang (KL) Sdn Bhd for RM210 million (S$90 million). M&C’s carrying
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      • 52 6 Bloomberg [SINGAPORE] Malaysia Smelting Corp, the world’s third-biggest tin producer, said it plans a secondary stockmarket listing in Singapore. CIMB Investment Bank Bhd was appointed to advise on the listing, the Penang-based company said in a statement. Malaysia Smelting is a unit of Singapore-listed Straits
        Bloomberg  -  52 words
      • 111 6 THE Straits Trading Company said that its wholly owned subsidiary, Rendezvous Hotels International Pte Ltd (RHI), has received a writ of summons in Singapore in relation to a lease agreement dated March 8, 2007 between RHI and Taragon Capital Malaysia Sdn Bhd. Taragon
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    • 1637 7  -  Not quite, according to an analysis of a comprehensive sample of 1,281 directors holding 2,233 independent directorships in 679 SGX-listed companies. MAK YUEN TEEN and TERRY NG report INDEPENDENT DIRECTORS MAK YUEN TEEN ,TERRY NG Mak Yuen Teen is associate professor of accounting at the NUS Business
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  • Page 5 Advertisements
    • 483 5 Enjoy 0.5% p.a. bonus interest on your savings for 6 months*. •Top-up minimum S$25,000 in fresh funds from now till 30 September 2010 to qualify. Your funds are held in a Multi Currency Savings Account allowing greater flexibility and access. As an HSBC Premier customer, you can be confident that
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  • Page 6 Advertisements
    • 98 6 Ready for your MBA? Meet the World's Best Business Schools The MBA Tour in Singapore Thursday 16 September 2010 Shangri-la Hotel, 22 Orange Grove Road -5 I W V Participating Business Schools Brandeis University Melbourne Business School CKGSB Queen's University CUHK Renmin University of China College of William and Mary
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    • 268 6 M M American Management Enabling People to Develop MiVtM Association and Execute Global strategy ■h w "4 A About AMA AMA is a world leader in leadership and management development, advancing the competence of individuals and teams to drive business success. Organizations worldwide, including the majority of the Fortune 500,
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  • Page 7 Advertisements
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  • Page 7 Miscellaneous
    • 44 7 i/v/V JACKPOT fr, \T 3 TODAY <T> CO |p A Yii Always play with care. |responsibiyj Do not bet illegally. RCB Reg No: *****0202G Sales close at 6pm Draw at 6.30pm at PoMo For details, visit www.singaporepoois.com.sg Towards Community Purpose and Benefit SINGAPORE m
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  • SINGAPORE MARKETS
    • 508 8  -  Traders bet on Wall Street rise; Hong Kong market advances while Europe opens firmer STOCKS R SIVANITHY Senior Correspondent AFIRMsessioninHong Kong and a firm opening in Europe meant the Straits Times Index ended 22.38 points higher yesterday at 3,071.03, suggesting traders worldwide were
      Source: Bloomberg  -  508 words
    • 186 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 2 6 0 0 0 8 2 6 Manufacturing 75 34 85 12 5 10 87 39 95 Commerce 35 10 24 4 4 5 39 14 29 Tpt/Stor/Comms 26 10 6
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    • 120 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 27,742 27,742 79,510 79,510 Manufacturing 831,307 71,395 902,702 425,628 11,229 436,858 Commerce 173,203 87,802 261,005 167,869 14,149 182,019 Tpt/Stor/Comms 171,599 801 172,400 246,452 112 246,564 Finance 28,290 7 28,297 231,053 1 231,054 Construction 208,613 21,865
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    • 114 8 Stock name Close Change CapMallsAsia 2.210 +0.020 CapitaLand 3.990 -0.030 CapitaMall 2.020 +0.030 CityDev 11.660 +0.040 ComfortDelGro 1.560 +0.020 DBS Grp 14.060 +0.020 F&N 6.030 +0.090 Genting SP 1.970 +0.060 Golden Agri 0.595 +0.005 HK Land 6.030 +0.030 JMH 44.060 +0.260 JSH 26.360 +0.760 Jardine C&C
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    • 512 8 CURRENCIES Reuters [NEW YORK] The dollar rose more than 3 per cent against the yen yesterday as Japan intervened to weaken its currency for the first time in six years, but traders said Japan may struggle to keep the yen weak for long.
      Reuters; REUTERS  -  512 words
    • 4 8 DAILY
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    • 66 8 Sep 15 VALUE CLOSE BT OB/OS 860.00 +316.0 BT CADI -*****.00 +170.0 BT 10-day MA -*****.00 +86.00 FTSE ST Mid Cap 756.61 +7.95 FTSE ST Small Cap 561.03 +5.90 FTSE ST All Share 758.53 +6.04 FTSE ST China Top 282.81 +3.66 FTSE ST China 320.52 +3.23 FTSE
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    • 59 8 VOLUME China Hongxing 201,438,000 UniFiber 187,373,000 Informatics 150,715,000 *Genting HK US$ 121,561,000 Genting SP 68,996,000 Yangzijiang 68,875,000 Cosco Corp 48,947,000 ChinaSports 45,692,000 Uni Envtech 42,871,000 Rowsley 42,230,000 VALUE($) Genting SP 134,479,710 Yangzijiang 119,453,370 Cosco Corp 82,362,480 *Genting HK US$ 79,585,997 SGX 71,762,070 DBS Grp 62,951,800 UOB 52,131,892
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    • 108 8 BY CENTS CLOSE UP GLD 10US$ ***** 213.9 1.3 DBXT USDIGInfl 5US$ ***** 197.9 0.6 JSH 2636 101.6 3.0 Jardine C&C 3812 74.0 2.0 DBXT SPASX200 10US$ 3125 56.2 1.4 DBXT MSINDO 10us$ 1384 44.1 2.4 STXPO 100 1370 38.0 2.9 JMH 4406 34.8 0.6 Lyxor MS India 10US$
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    • 122 8 BY CENTS CLOSE DOWN DBXT MSTHAI 10US$ 1355 -65.5 -3.5 DBXT iBoxxSing 5SG$ ***** -64.0 -0.5 DBXT FTVietnam 10US$ 3700 -58.8 -1.2 DBXT Nifty 10US$ ***** -54.8 -0.3 SIA 200 1598 -16.0 -1.0 DairyFarm 727 -13.4 -1.4 Lyxor China H 10US$ 1568 -13.4 -0.6 Total Access 143 -10.7 -5.3
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    • 87 8 Where S$ stands Sep 15 CHNG YR 2010 CLOSE FR Sep 14 S$ LOW S$ HIGH US$ 1.3381 -0.02 1.4219 1.3378 Euro 1.7358 -0.95 2.0153 1.6886 Pounds 2.0735 -0.58 2.2831 2.0003 A$ 1.2521 -0.40 1.2960 1.1515 Yen* 1.5664 2.58 1.6080 1.4467 Rupiah* 0.***** 0.07 0.***** 0.***** Baht* 4.3346 0.25
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  • Page 8 Advertisements
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  • Page 9 Advertisements
    • 236 9 Redefining Investment Executive MSc in Risk and Investment Management Singapore London Nice Designed for practitioners and delivered over seventeen months of part-time study in Asia or Europe The global financial crisis has challenged conventional wisdom and underscored the need for the investment industry to go beyond traditional approaches to portfolio
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  • SINGAPORE NEWS
    • 563 10 Job openings more than job seekers now; vacancies up 73% from year ago THE buzz is back for job seekers as the labour market continued to sparkle in the second quarter. The robust economy added jobs for a fourth successive quarter, taking the
      563 words
    • 321 10 Censorship review panel proposes engaging community MOVIES such as Lust, Caution may not be so readily available to local audiences if the Censorship Review Committee (CRC) has its way. The CRC’s report released yesterday reveals its “broad desire is to protect the
      321 words
    • 357 10  -  By NISHA RAMCHANDANI RETAIL sales in July surprised on the upside, dipping 1.2 per cent from a year earlier but rising 3.2 per cent month on month in seasonally adjusted terms. Excluding motor vehicles, retail sales were up 6 per cent year on year in
      FILE PHOTO  -  357 words
    • 389 10 MORE Singapore organisations recognise that the function of business continuity planning (BCP) should not rest solely on their IT department’s shoulders but all fall short of an “excellent” grading on BCP readiness, according to an NCS-commissioned survey. In a sample of
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    • 264 10 INTERNATIONAL business school INSEAD has appointed Dipak Chand Jain as its next dean. Mr Jain, who is now dean emeritus of the Kellogg School of Management at Northwestern University in the US, will succeed current INSEAD dean J Frank Brown, who is stepping
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    • 518 10 S’pore’s continued growth depends on that: Swee Say TO continue growing, Singapore needs a partnership between local and foreign workers working as a team, union chief Lim Swee Say said yesterday. Mr Lim, who is Minister in the Prime Minister’s Office, was speaking at
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    • 561 10  -  Waiting period for manufacturing firms up 32% in 5 years By CHEN CHEN HUIFEN THE average time it takes for an SME in manufacturing, retail or business services to get paid has gone up significantly in the last five years,
      561 words
    • 469 10  -  By RONNIE LIM THE WORLD’S biggest integrated solar cell complex Renewable Energy Corporation’s S$2.6 billion Tuas plant, which is currently ramping up production will be officially opened on Nov 3 by Prime Minister Lee Hsien Loong. This will be the second
      469 words
    • 382 11  -  Mah says measures designed to dampen demand from those owning homes YESTERDAY IN PARLIAMENT Reports by UMA SHANKARI NATIONAL Development Minister Mah Bow Tan yesterday urged existing home-owners to refrain from competing with first-time home-buyers for new flats. He was responding to questions
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    • 457 11 THE new statutory board being set up to regulate the real estate agency industry here aims to start operating on Oct 22, the Ministry of National Development (MND) said yesterday. The date was announced after Parliament
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    • 447 11  -  By CHUANG PECK MING A MOTORIST who causes serious injury or death, or serious damage to buildings and structures, faces immediate suspension from driving once the police starts investigation. No longer will the suspension wait until the motorist is formally charged in
      447 words
    • 156 11 COME October, Singapore will play host to the 14th Techventure conference, at which 300-plus international participants will discuss high-tech venture opportunities and issues in Asia. Organised by Asiasons WFG (Westcomb Financial Group), the Oct 6-7 conference will take place at the Sands Expo and Convention Centre
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  • Page 10 Advertisements

  • Page 11 Advertisements
    • 415 11 SOME SAY IT IS NASSIM HILL IN KL. OTHERS SAY IT IS RICHER. But what matters is what you think. And the rich heritage of Madge Road Kuala Lumpur is not lost on you, the road where generations of tycoons, decades of diplomats and dignitaries have lived, schooled and prospered.
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  • SINGAPORE INTERNATIONAL
    • 578 12  -  Continuing investment by firms here reflects a belief that Indonesia is a good bet that will yield strong returns, reports CHUANG PECK MING CHUANG PECK MING EVENastheworld grappled with the biggest slowdown since the the 1929 Great Depression, Singapore carried on ploughing money into the
      Source: BKPM (Indonesia Investment Coordinating Board)  -  578 words
    • 155 12 ENHANCE your competitiveness in Asean by tapping on Atiga. The Asean Trade in Goods Agreement (Atiga) is a multilateral Free Trade Agreement (FTA) signed by the 10 Asean member countries, including Indonesia. Atiga is an enhancement of the AFTA-CEPT scheme. It focuses on not only
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    • 536 12  -  Reports by CHUANG PECK MING WHAT was seen as offputting to investors in Indonesia not too long ago was instead viewed as an opportunity by the YCH Group. We are talking of the archipelago make-up of the country, which was a nightmare earlier this decade
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    • 388 12 AFTER almost two decades in Indonesia, Singa-pore-based APL Logistics still finds the market there attractive. What keeps investors flocking to Indonesia is pretty obvious: it has a huge market and the fast-est-growing economy in Asia after China and India. But APL Logistics is
      388 words
    • 322 12 Name: Kelvin Chia and Marlon Wui Designation: managing partner and partner (foreign lawyer) Company Name: Kelvin Chia Partnership Q: What are some new Indonesian business laws that impact foreign investments? A: On May 25, the Indonesian government issued Presidential Regulation Number 36 of 2010
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  • Page 12 Advertisements
    • 138 12 *2% Fostering Trade and Investment between Asia and Latin America 22 September 2010 The Fullerton Hotel, Singapore The Latin Asia Business Forum, returning for the seventh year, will bring together Latin American Ministers to share their perspectives on key trends, challenges opportunities in their respective econom Hear from business and
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  • ECONOMY WATCH
    • 383 13 Reuters [SYDNEY] A key measure of Australian consumer confidence retreated in September after two months of sharp gains, with people becoming more cautious on the economic outlook despite a run of upbeat domestic news. The survey of 1,200 people by Westpac bank and the
      Reuters  -  383 words
    • 941 13 Unemployment data does not present a foolproof assessment of economic policies AFP [WASHINGTON] Sky-high unemployment will help decide the fate of President Barack Obama’s Democratic allies in upcoming elections, but it might be an imperfect indicator of their economic management. If past practice is any
      AFP  -  941 words
    • 360 13 Informal economy may not act as buffer and push up growth in a serious way AFP [WASHINGTON] The International Monetary Fund (IMF) warned Greece on Monday against being overly optimistic about the economy’s ability to grow, a dire prognosis as the country suffers under a
      AFP  -  360 words
  • Page 13 Advertisements
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  • MALAYSIA/INDONESIA
    • 463 14 HSBC, Europe’s biggest bank, was top underwriter for sukuk sales until July Bloomberg [KUALA LUMPUR] CIMB Group Holdings, Malaysia’s second-biggest lender, overtook HSBC Holdings plc to become the top sukuk underwriter after arranging two of this year’s three biggest sales of Islamic bonds.
      Bloomberg; BLOOMBERG  -  463 words
    • 387 14 Bloomberg [KUALA LUMPUR] Palm oil stockpiles in Malaysia, the world’s second-largest producer, jumped a more-than-expected 23 per cent in August, the first monthly advance this year, after exports slumped and production increased. Inventories climbed to 1,723,262 tonnes from 1,405,740 tonnes in July,
      Bloomberg  -  387 words
    • 263 14 Reuters [JAKARTA] Indonesia expects foreign direct investment (FDI) to pick up more than expected to 126 trillion rupiah (S$18.7 billion) in 2010, up a third since last year, with Hyundai Motor eyeing the auto sector. Total investment in South-east Asia’s biggest economy
      Reuters  -  263 words
    • 169 14 AFP [JAKARTA] Indonesian President Susilo Bambang Yudhoyono is unlikely to attend a summit of South-east Asian leaders called by US President Barack Obama this month in New York, a spokesman said yesterday. The failure of the leader of the region’s biggest economy and the world’s
      AFP  -  169 words
  • Page 14 Advertisements
    • 259 14 Are Vou Struggling To Earn $8,000 A Month? Do Vou Want To Start A Profitable Business in Singapore and 16 Countries Worldwide? P Booming Business "Started in United States Expanded to Australia, Canada, Mexico, Hawaii, India.. Dr Sobey launched Camp Invention, which now has more than 40,000 kids in 850
      259 words
    • 165 14 CONCORD ENERGY PTE LTD, a locally-based international commodity trading company, is seeking to hire an experienced Manager Projects Energy to join its project development team. Under the direction of the Director of Projects Development, the Project Manager willassistinmanaging,prioritizing,andmonitoringthedevelopmentofinternational energy projects. The successful candidate will work with cross functional teams to
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  • GREATER CHINA
    • 392 15 UN forecasts China will remain the top target country for FDI until end-2012 Bloomberg [BEIJING] Foreign direct investment (FDI) in China climbed for the 13th straight month in August, even as US and European companies complained of a worsening business
      Bloomberg; AFP  -  392 words
    • 302 15 Bloomberg [SHANGHAI] China’s banking regulator may require the nation’s “systemically important” banks to boost their capital adequacy ratios to as high as 15 per cent by 2012, a person with knowledge of the matter said. The China Banking Regulatory Commission (CBRC)
      Bloomberg  -  302 words
    • 317 15 Reuters [TAIPEI] Taiwan’s banks are belatedly joining many of the island’s other industries in the rush to the mainland China market, drawn by the potential for growth that is eluding them in the crowded and mature local scene. But, late to
      Reuters  -  317 words
    • 254 15 Reuters [BEIJING] China’s stateowned Sinochem Corp appears unwilling to make a bid for Potash Corp, even as Beijing voiced concern over BHP Billiton’s US$39 billion bid for the Canadian firm yesterday. Sinochem would instead consider buying some of Potash Corp’s assets such as
      Reuters  -  254 words
  • Page 15 Advertisements
    • 100 15 fc'SMU Herbert Smith SINGAPORE MANAGEMENT UNIVERSITY m s 5 I f. n f WJ v yv®sm m i, i > tf.r, Inaugural Herbert Smith SMU Asian Arbitration Lecture International Arbitration in a Global Economy: The Challenges of the Future 23 September 2010, Thursday 5.00pm to 7.00pm (registration starts at 4.30pm)
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    • 336 15 The Business Times HP Innovation Forum £niom TECIMOIOGY eBusiness innovrmoiu Wednesday 6 October, 2010 9am to 1.30pm Shangri-La Hotel Banyan Room 22 Orange Grove Road, Singapore Free admission Registeratwww.asiaone.com/btinnovation Closing date is 30 September 2010. As seats are limited, only successful registrants will be notified by 1 October 2010. For
      336 words

  • INDIA
    • 406 16 Figure could jump to US$135b for year to March 2011: official Reuters Bloomberg [NEW DELHI] India’s August trade deficit widened to a 2 3-month high prompting the trade secretary to raise his projection for the full-year figure Overseas shipments rose 22.5 per
      Reuters; Bloomberg  -  406 words
  • Page 16 Advertisements
    • 3704 16 MATS BUY IT• SELL IT-FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Singapore Exchange Limited Company Registration No. *****4940D (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Eleventh Annual General Meeting of Singapore Exchange Limited (the “Company”) will be held at
      3,704 words

  • ASIA-PACIFIC
    • 534 17 Infrastructure, tax regime, immigration vital to attract investors, says CEO AFP [SYDNEY] Australia’s Asia-driven resources boom is “not guaranteed” and needs foreign investment to thrive, BHP Billiton’s chief warned yesterday, urging competitive policies on tax and climate change. Resilient Asian demand for resources
      AFP  -  534 words
    • 267 17 Reuters [WELLINGTON] New Zealand electronic retail card sales fell slightly for a second month in August, driven in part by lower fuel and vehicle sales, data showed yesterday. Electronic card transactions, which include debit, credit and charge cards used at the point of
      Reuters  -  267 words
    • 271 17 Reuters [HANOI] Vietnam’s ruling Communist Party has projected annual economic growth at between 7.5 per cent and 8 per cent for the next five years, revising upwards its earlier targets, the party said in a report published yesterday. The party has
      Reuters  -  271 words
  • Page 17 Advertisements
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    • 203 17 Ac ICTIVA MEDIA TH ANNIVERSARY SPECIAL In the pest control industry, we constantly require new business. After starting a successful online campaign with Activa Media, the number of enquiries resulting from this medium has surpassed all my other marketing directives. Mr Andrew Chan Managing Director, Alliance Pest Management Client since
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  • WORLD
    • 499 18 AP [MADRID] US Open champion Rafael Nadal returned home yesterday, insisting his latest tennis triumph did not qualify him as Spain’s greatest-ever athlete. Nadal, who became the seventh player to win a career Grand Slam with Monday’s victory, said any comparisons to the
      AP; REUTERS  -  499 words
    • 468 18 August industrial production increases 0.2% after rising 0.6% in July LATEST US DATA Bloomberg [WASHINGTON] Production in the United States cooled in August as vehicle makers scaled back following a surge in output the prior month. Industrial production increased 0.2 per
      Bloomberg  -  468 words
    • 610 18 CEO confident sales will grow again after lean years Reuters [BASEL, Switzerland] Roche Holding AG is sticking to its dual-track research structure that some analysts have urged it to dismantle as the Swiss drugmaker seeks ways to slash costs after pipeline setbacks.
      Reuters; BLOOMBERG  -  610 words
    • 357 18 Reuters [ANKARA] The world economic recovery is slowing down but there is no prospect of a double-dip recession in the rich world excluding Japan, Organisation for Economic Co-operation and Development (OECD) Secretary-General Angel Gurria said on Tuesday. Governments in developed economies should seek a balance
      Reuters  -  357 words
    • 575 19 Unexpected rise in August comes amid fears spending cuts will delay recovery Bloomberg [LONDON] UK jobless claims unexpectedly increased in August for the first time in seven months, a sign the economic recovery may be faltering. Claims for unemployment benefits
      Bloomberg; BLOOMBERG FILE PHOTO  -  575 words
    • 626 19 Dividend rate will hit 40% without Congress action Reuters [WASHINGTON] The fiery debate over extending tax cuts for the wealthiest Americans has diverted attention in Washington from a major issue for investors: a potential rise in taxes on dividends and capital gains.
      Reuters  -  626 words
    • 390 19 AFP [SEOUL] California governor Arnold Schwarzenegger yesterday urged the US Congress to ratify stalled free trade agreements including one with South Korea if it wants to start “putting people back to work”. Speaking in South Korea on the third and final leg of
      AFP  -  390 words
    • 282 19 AFP [PARIS] The cost of the French government’s economic stimulus plan has far exceeded the value of its impact on growth, but the measures have managed to limit a slide in investment and business failures, the state auditing body said on Tuesday
      AFP  -  282 words
  • Page 18 Advertisements
    • 18 18 www.omy.sg VODCAST GALLERY http://lifestyle.omy.sg u:<*rii" mif r^V V W GALLERY y itmp~ X v "'Kt 4' m http://eat.omy.sg
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    • 42 18 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY o OF INDIANS ARE CORRUPT" So says India's former vigilance commissioner but not all Indian nationals in Singapore agree DABANGG BREAKS BOX-OFFICE RECORDS r. GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
      42 words

  • Page 19 Advertisements
    • 391 19 WATS NOTICES BUY IT- SELL IT- FIND IT SUNSHINE HOLDINGS LIMITED (Incorporated in the Cayman Islands on 30 September 2004) (Company Registration Number.: CT-*****5) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of the shareholders of Sunshine Holdings Limited (the “Company”) will
      391 words
    • 1428 19 w HATS NOTICES INTHEMATTEROF THECOMPANIES 50 AND INTHEMATTEROF PPAANNGGLLOOBBALRESOURCESPTE. TD. (Co. eg. *****6260R) NNOOTICEOFRESOLUTIONS AAtt anExtraordinar Gener Meeting he member ALRESOURCESPTE. LLTT.D D. dulycon nedandheld emasek Boule #36-02, Suntec our Singap *****6on September20 ta t at *****hour hefollowing esolutions dulypassed. TI T IT WASRESOLVED:ASSPECIALRESOLUTIONS (1)That tthhee Compan be wwound up
      1,428 words

  • EDITORIAL & OPINION
    • 514 20 EDITORIAL WHILE Japanese Prime Minister Naoto Kan’s victory in the Democratic Party of Japan (DPJ) leadership race may have removed a major political uncertainty, it does little to alleviate concerns over the risks facing the flagging Japanese economy. On Monday, the ruling DPJ chose
      514 words
    • 859 20  -  It may have merely postponed panic in an already weakening financial system ROBERT SAMUELSON The Washington Post Writers Group IT’S been two years since Lehman Brothers failed (Sept 15, 2008), and we still can’t conclusively answer this question: What if the US
      The Washington Post Writers Group; BLOOMBERG  -  859 words
    • 763 20  -  THE BOTTOM LINE LEON HADAR Washington Correspondent NO ONE would mistake US President Barack Obama and his French counterpart Nicolas Sarkozy for either real or metaphorical twins. The son of a Kenyan of Muslim extraction and a white American mother, the current occupant
      763 words
    • 1341 21  -  By spurning Ozawa in party polls, DPJ has lost a chance for Japan to ally more closely with China and rest of East Asia ANTHONY ROWLEY Tokyo Correspondent THE Democratic Party of Japan (DPJ) appears to have shot itself in the foot by rejecting Ichiro
      AFP  -  1,341 words
    • 865 21  -  THOMAS FRIEDMAN [BEIJING] THIS moment was inevitable. Ever since China began to shuck off communism and turn itself into a global economic power, its leaders have followed the strategy of a “peaceful rise” be modest, act prudently, don’t frighten the neighbours and certainly don’t galvanise
      865 words
    • 328 21  -  LETTER TO THE EDITOR Benjamin Foo Executive vice-president head, Operations Singapore Exchange WE refer to the Hock Lock Siew article “Lessons for SGX from Abterra fiasco” (BT, Sept 13) by R Sivanithy. Contrary to the BT article, adequate notice and information have
      328 words

  • Page 21 Advertisements
    • 103 21 HAVE YOUR SAY Fax your letters to 6319-8277 or e-mail them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words

  • AVIATION
    • 520 22 Airbus claims that Boeing’s case is key to resolving wider row over govt aid AP [GENEVA] The Boeing Co has rejected suggestions that a ruling due yesterday by the world’s top trade court on allegations that the Chicago plane maker received billions
      AP; BLOOMBERG  -  520 words
    • 3043 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 --EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 MU8213 1820 QF81 1820 Amsterdam SQ323 0605 AZ3993 0025 US5410 0605 KL836
      3,043 words
    • 555 22 90% flights to stay 2 years after United, Continental merger Bloomberg [WASHINGTON] Cleveland, home to Continental Airlines Inc’s smallest US hub airport, is trying to avoid the fate of another Ohio city caught in the fallout of an industry merger. An agreement with
      Bloomberg  -  555 words
    • 362 22 Air Force finalising review of US$11.1b deal for 77 planes Bloomberg [WASHINGTON] The price of Northrop Grumman Corp’s Global Hawk unmanned reconnaissance plane is rising too quickly and must be reined in, the Pentagon’s top weapons buyer said. “Its costs have been growing
      Bloomberg  -  362 words
    • 222 22 AFP [BEIJING] Airbus said yesterday that it had awarded the manufacture of some wing parts for its A350 XWB an aircraft designed to compete with Boeing’s Dreamliner to a Chinese aviation company. With the move, the European aviation giant made good on
      AFP  -  222 words
    • 3960 23 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
      3,960 words
  • Page 22 Miscellaneous
    • 328 22 CRYPTIC CROSSWORD Across 1 Stephen, unwell inside, is ruffled (6) 4 Inferior one falling short in set exercise (6) 8 Very slow gee-gee, one stuck in liquid mud (8) 10 Bird given new tail? False rumour (6) 11 Drug can make you stop breathing not hard! (4) 12 A French
      328 words


  • SHIPPING
    • 508 24 Strong seasonal rate recovery forecast; Baltic dirty tanker index drops Bloomberg [LONDON] Rental income from shipping Middle East crude to Asia rose for the first time in six days as oil companies began to make cargo bookings for next month amid speculation demand
      Bloomberg; FILE PHOTO  -  508 words
    • 525 24 Its PNG venture may start processing gas in 2014 from an onshore field Bloomberg [SEOUL] Daewoo Shipbuilding Marine Engineering Co has said that its Papua New Guinea energy venture may beat Royal Dutch Shell Plc to become the first operator
      Bloomberg  -  525 words
    • 144 24 AFP [RIO DE JANEIRO] Britain has offered to build 11 warships for Brazil, the British embassy said on Tuesday, as Brazil hones a maritime defence contract to protect recently found vast offshore oil deposits. Britain’s Under Secretary of State for the Ministry of Defence,
      AFP  -  144 words
    • 451 24  -  Competition body recommends 5-year extension in consultation paper By NISHA RAMCHANDANI [SINGAPORE] The Competition Commission of Singapore (CCS) has issued a consultation paper recommending the Minister for Trade and Industry to extend the existing block exemption for liner shipping agreements by a
      451 words
    • 329 24 Bloomberg [LONDON] Commodity shipping costs measured by the Baltic Dry Index fell the most in almost three weeks on speculation that Chinese steelmakers may be using iron-ore stocks rather than seeking imports, cooling vessel demand. The index dropped 1.2 per cent,
      Bloomberg  -  329 words
  • Page 24 Advertisements

  • SINGAPORE STOCKS
    • 9067 25 Transaction date: Sep 15 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 13 3148 8Telecom 20.5 +1.5 3061 20.5 19 20 20.5 1.7 8.8 6.6 98.2 12 5 5834
      9,067 words
    • 1725 26 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 9 4.5 1181 t AA Grp 4.5 4 5 25 4.3 225 130 6222 t APStrategic 173 -8 10 173 173 165
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    • 818 26 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 113 114 116 515.8 975 755 CIMBAsean40 100US$ US970 -5 100 970 969 967 976 38.8 310
      818 words
    • 259 26 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 36.5 6000 AVJennings A47.5xd unch 16 47.5 47 45.5 48 3.6 7.4 3.8 123.7 51 16 6017 Genting HK US$ US50.5 +3 *****1
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    • 9381 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.22/ APS Alpha Fund (USD)!** 0.91/ APS Alpha Fund Cl B SGD!** APS Alpha Fund Cl B USD!** AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund
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  • FINANCE & COMMODITIES
    • 374 27 In local curr In S$ In US$ dy yr dy yr dy yr Sep 14 Index Change Change Change Change Change Change World Index Preliminary 827.8 0.2 -0.6 0.2 -5.7 0.5 -0.7 EAFE Preliminary 766.2 0.0 -2.4 0.4 -7.9 0.7 -3.0 Europe Preliminary 1128.8 0.0
      374 words
    • 132 27 As at 9am Sep 15 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2460 1.2830 Can dollar 1.2920 1.3080 Euro 1.7260 1.7460 NZ dollar 0.9720 0.9940 Sterling pound 2.0620 2.0860 US dollar 1.3300 1.3460 Local dollars to 100 units of foreign
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    • 27 27 Sep 15 Open High Sett STI Sep 3071 SIMSCI Sep 359.3 362.2 361.6 Taiwan Sep 288.3 289.9 289.7 Source: MF Global (S) Pte. Ltd
      27 words
    • 177 27 Sep 15 $S Offer Bid 0vernight 1/8 1/16 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 1/8 US$ Offer Bid 7 days 0.33 0.23 1 month 0.48 0.28 2 months 0.50 0.30 3 months 0.55 0.35 6 months 0.75 0.55 9 months 0.85 0.65 12
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    • 22 27 Sep 15 S$ Bid Offer 1-month 1.3371 1.3382 2-months 1.3371 1.3382 3-months 1.3371 1.3381 6-months 1.3370 1.3381 Source: OCBC
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    • 72 27 Sep 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 10 2815 2820 2820 2814 126 640 Oct 10 2711 2685 2714 2672 1652 7287 Nov 10 2640 2615 2648 2605 8191 ***** Dec 10 2630 2596
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    • 435 27 Sep 15 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.5950 0 8297 Mar11 99.5250 0 3016 Jun11 99.4300 0 2819 Sep11 99.3100 0 1641 EUROYEN TIBOR FUTURES Dec10 99.6700 0 2705 Mar11 99.7050 99.7050 99.7050 99.6800 67 1466 Jun11 99.7150 99.7150 99.7100 99.6950 215 3189
      435 words
    • 140 27 Sep 15 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Oct 10 352.0 348.0 352.0 53 Nov 10 347.0 347.0 348.0 23 Dec 10 348.0 6 Jan 11 348.0 348.0 348.0 64 Feb 11 348.0 28 Mar 11 348.0
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    • 88 27 Sep 15 Sep 15 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 16.12.2010 0.30 1-Year BY*****W 03.05.2011 0.34 0.31 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.07 5-Year N*****0N 1.375 01.10.2014 102.55
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    • 105 27 Sep 14 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 10 1025.00 1025.25 1030.50 1018.25 Nov 10 1035.50 1034.50 1042.25 1025.00 Jan 11 1045.25 1044.00 1051.75 1035.00 Mar 11 1053.50 1052.25 1059.00 1042.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 10 41.20 41.34 41.36
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    • 77 27 CRUDE OIL PRODUCTS Sep 14 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 79.36 0.31 WTI (Near Mth) 76.74 -0.45 Dubai (1-Mth F) 76.14 -0.18 Tapis blend 84.55 -0.05 Minas 78.45 -0.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 75.00 0.62 Jet Kerosene 89.38 0.18 US$/barrel Opec Oil
      77 words
    • 2316 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2.5 unch 1669 1 3 -15 2.60 3 6221 Asia-Pacific Strategic W*****6 33 1 150 6 5.24 44 6227 ASJ Hldgs W*****1 2.5 -1 3
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    • 464 27 Sep 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.967 6.322 0.722 7.287 43.502 84.194 0.802 10.899 2.922 1.280 80.409 41.518 1.255 6.644 0.941 29.810 28.947 0.604 0.938 Canada 1.034 6.539
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    • 85 27 Sep 15 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 159 27 Sep 15 INTERBANK CURRENCY RATES Sep 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2542 1.2555 0.9380 0.9383 Canadian dollar 1.2971 1.2989 0.9701 0.9707 Euro 1.7372 1.7389 1.2992 1.2995 NZ dollar 0.9794 0.9808 0.7325 0.7330 Sterling
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    • 138 27 Sep 15 GOLD (US$/oz) Sep 14 Sep 15 Hong Kong 1253.50 1271.20 Sep 14 Sep 13 London 1269.80 1245.85 1270.10 1246.25 Source: Thomson Reuters CAST BAR Sep 15 (S$) Selling Buying Kilobar 58,362.08 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 131 54 5gm 371 272 10gm 663
      138 words
    • 71 27 Sep 14 Sep 14 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2128.05 2098.75 3 months 2160.50 2130.00 Copper, Grade A (US$/tonne) Cash 7641.50 7617.75 3 months 7655.00 7630.00 Lead (US$/tonne) Cash 2212.50 2220.75 3 months 2243.00 2251.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 82 27 Sep 14 COCOA (£/tonne) Close Prev High/Low Sep 10 1843 1815 1854/1800 Dec 10 1849 1827 1857/1821 Mar 11 1871 1850 1877/1844 May 11 1887 1865 1892/1860 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1582 1562 1580/1574 Nov 10 1591 1571 1599/1571 Jan 11 1621 1600 1628/1601 Mar 11
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  • BizIT
    • 743 28  -  At full capacity, STATS ChipPAC will produce some 8,000 wafers per month, on top of the 8,000 wafers from its existing 200mm line, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY STATS ChipPAC (Stats) has become the first company in the world to start mass-scale
      743 words
    • 446 28  -  By RAJU CHELLAM JAPANESE giant Ricoh is planning to expand its technology development centre in Singapore soon and up its 270-strong headcount here by 30 per cent this calendar year. The office automation conglomerate’s technology expansion here will encompass areas such as cloud computing,
      446 words
    • 272 28 HAS the recession forced companies to rethink their IT budgets and opt for low-cost IT solutions? Yes, says the latest study from research house Gartner Inc. “Factors such as economic fluctuations, business uncertainty, accelerated service globalisation and increasing competition of IT services are forcing businesses
      272 words
    • 501 28  -  By VICTORIA HO LOCAL games developers are coming into their own, with more young graduates confident of venturing out to start their own businesses, according to Teo Chor Guan, programme director of the Singapore-MIT Gambit Game Lab. Ms Teo, of the govern-ment-funded collaboration
      501 words
    • 991 28  -  <we say> VICTORIA HO Reporter BY now, most people even vaguely interested in IT systems would have come across the term “cloud computing”, which has been bandied around for the better part of the last three years. To add to the confusion, some industry
      991 words

  • PROPERTY
    • 1362 29 Bottom may be three years away as foreclosures and resales flood market Bloomberg [NEW YORK] The slide in US home prices may have another three years to go as sellers add as many as 12 million more properties to the market. Shadow
      Bloomberg; REUTERS  -  1,362 words
    • 964 30 But the wild card in commercial property’s recovery is economy’s health Reuters [NEW YORK] The nearly completed gleaming Midtown Manhattan office tower at 510 Madison Avenue has all the trappings of a structure conceived during the US commercial real estate boom and an ownership
      Reuters; AP  -  964 words
    • 272 30 Reuters [SYDNEY] Office rents and capital values in Sydney are expected to grow more than 50 per cent by 2014 due to limited supply and solid employment, property firm CB Richard Ellis said yesterday. Sydney’s central business district (CBD) is expected to see the
      Reuters  -  272 words
    • 802 31 Rental growth at ICC to outpace that of other Kowloon areas due to tight supply Bloomberg [HONG KONG] Rents at the International Commerce Centre (ICC), Hong Kong’s tallest building, may rise 20 per cent to 30 per cent over the next
      Bloomberg; BLOOMBERG  -  802 words
    • 344 31 Reuters [TAIPEI] Housing transactions in Taiwan’s capital dropped 24 per cent in August from the previous month, the latest evidence that a surprising monetary tightening in June has had an effect. The number of housing transactions in Taipei city fell to 3,186,
      Reuters  -  344 words
    • 437 32  -  Feasibility study on Chengdu project to be finished by mid 2011 By FELDA CHAY [SINGAPORE] A Singapore consortium made up of Temasek Holdings, Keppel Corporation, Sembcorp Industries and Ascendas has been created to spearhead the setting up of a Singa-pore-Sichuan Hi-Tech Innovation
      437 words
    • 385 32 Reuters [HONG KONG] Without ever setting eyes on the property, Hong Kong resident Irene Chu snapped up a flat nearly 9,700km away in London, a city she has visited but has no intention of ever living in. “I’m not buying the high-end property. I
      Reuters; REUTERS  -  385 words
    • 289 32 [SINGAPORE] The Building and Construction Authority’s (BCA) zero energy building (ZEB) has succeeded in achieving zero power consumption, and a surplus of 16.3 MWh (megawatts/ hour) of electricity just one year after its launch. As a gauge, the power surplus is roughly savings
      289 words
    • 1683 32 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 18/08/2010 99 1313 2777 2115 The Sail Marina
      1,683 words
  • Page 29 Advertisements
    • 36 29 Marina Collection J? Sentosa 5 Beautiful view of the sea marina 3/4/5 bedrooms Penthouses 40 private berths Complimentary ONE°15 Marina Club membership *1% Commission to agents .Lianhe Zaobao To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      36 words
    • 379 29 1 /N 11 I'I i ;ss SST: i BBSS SS 2252 r r I I I I IIH SiIf r o» 2+ 38 Street 12,000sqft Showroom/Offices/Art Gallery over 4 storeys Prominent 23ft wide off-street shopfront Potential for strong retail identity Walking distance to City Hall Bras Basah MRT Private Lift
      379 words
    • 212 29 BULK SALE HUGE DISCOUNT D.09 PRIME FREEHOLD RESIDENTIAL SPACIOUS 3/4 BDRMS SUPER PENTHOUSES NEARBY ORCHARD SCOTTS ROAD Ready For Occupation Soon COMMERCIAL BUILDINGS FOR SALE CBD FREEHOLD ROBINSON RD. FREEHOLD MIDDLE RD. RAFFLES PLACE SUNTEC SOUTH POINT NEXT TO MRT NEW RETAIL MALL NEAR REDHILL MRT NEW CORPORATE BLDG BUILDING
      212 words

  • Page 30 Advertisements
    • 159 30 FOR SALE BY TENDER LEEDON ARK GoodClassBungalowapprox*****sq (land) DoubleStoreywith PoolandanAnnexBlock Excellent Dual Frontage Subdivision Redevelopment Potential TTenderClosingDate: October2010,3pm Fortenderdocuments,plscallJohnGoh *****678 *****780 Elevated site at Pasir Panjang Less than 100m from MRT Subject Site Dist. 5, corner of Balmeg Hill; Seaview Land 28,263 sf, GPR 1.4 5-sty; 999,999 yrs Less than
      159 words
    • 133 30 central PRIME OFFICE SPACES FOR LEASE J* 1 Sizes available from 2,594 sq ft to single floor of 13,337 sq ft 1 Above Clarke Quay MRT Station 1 Panoramic views of the Singapore River and Marina Bay IR 1 Gymnasium and pool facilities available For leasing enquiries, please call: *****433
      133 words
    • 178 30 r Cove Drive Elegant 6800/8000sqft 2 1/2 storey modern home Gracious master suite Lovely golf course views Asking $2800psf Paradi h®ss Indivi tn, Aswng $2800psf Ocean Drive Modern 6800/7300sqft 5+1 rooms Full panoramic seaview Asking $3500psf Treasure Island (3 viiias) Ranging fm 8500 12,000sqft land Variants of 9000 1 2,000sqft
      178 words

  • Page 31 Advertisements
    • 355 31 FOR SALE BY TENDER D19 Residential Redevelopment Site Close Proximity to MRT Shopping Malls Located along LimTua Tow Road Site Area: 43,335 sq.ft (approx.) Plot Ratio: 1.4, up to 5 storeys Freehold Close proximity to Kovan Heartland Mall/MRT Station, Serangoon MRT Station, upcoming NEX mega mall and reputable schools Tender
      355 words

  • Page 32 Advertisements
    • 38 32 a To maximize returns on your properties, please call Savills Residential Leasing at 6536 5022/6415 3636. Savills has more than 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world. savills savills.com
      38 words