The Business Times, 21 June 2011

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Total Pages: 32
1 32 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, June 21,2011
    23 words
  • Article
    Lock icon A call to action on the Companies Act
    1029 1  -  Long awaited review of this major piece of legislation is now open to public feedback By and JAMIE LEE, LYNETTE KHOO [SINGAPORE] The Companies Act, seen as a “patchwork quilt” in its current form, was put up for public consultation yesterday with
    1,029 words
  • Article
    Lock icon MARKETS DIGEST
    143 1 GST INDEX 3,013.60 (+8.32) G ST INDEX FUTURES 3,014 (+16) G SIMSCI 347.17 (+0.93) G SIMSCI FUTURES 347.00 (+1.20) FOREX US$ S$ US$ (S$ per US$) 1.240 (US$/S$ per 1.613 2.000 EURO (US$/S$/E) 1.421 1.761 Foreign currency per US$ S$ YEN 80.20 64.70 RM 3.045 2.456 HK$ 7.795
    143 words
  • Article, Illustration
    Lock icon Markets flail as Greece lifeline is put on hold
    704 1  -  By NEIL BEHRMANN in London THE euro and global stock markets tumbled after eurozone finance ministers postponed their decision on a 12 billion euro (S$21 billion) loan to Greece. The creditors are waiting for a firm Greek government commitment to slash
    AP  -  704 words
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      90 1 COMMENTARY Fischer factor in the race for top IMF post PAGE 24 SME Inc Sporting chance to be sports hub PAGE 11 WALL STREET INSIGHT Investors wary despite modest bounce PAGE 4 8 '*****1 *****4 RULE N°7: SEDUCTION IS JUST A MATTER OF TIME. J A r Self-winding mechanical movement
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      8 1 OPINION Yuan convertibility is a marathon PAGE 25
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      564 2 A call to action on the Companies Act THE Companies Act, seen as a “patchwork quilt” in its current form, was put up for public consultation yesterday with 217 fresh recommendations after a meticulous unpicking of its stitches over three years by a steering committee. The Accounting and
      564 words
    • Article, Illustration
      Lock icon Govt moves to use online channels to court public
      676 2  -  It launches two services in new fiveyear e-Government masterplan By VICTORIA HO [SINGAPORE] The increasing number of people flocking online has prompted the government to make online communications a key component in its new five-year masterplan. Teo Chee Hean, Deputy Prime
      676 words
    • Article
      Lock icon From foreign companies to foreign entities
      577 2  -  Acra proposes standalone regulatory framework to improve transparency By LYNETTE KHOO [SINGAPORE] In a bid to enhance the transparency of foreign companies in Singapore, the accounting regulator has proposed a standalone regulatory framework with an enhanced standard of financial disclosure and accountability. Under this
      577 words
    • Article
      Lock icon Regulator addresses the Web address crunch
      522 2  -  By WINSTON CHAI [SINGAPORE] The government is looking to make it mandatory for local telcos to put in place technologies to prevent Web surfers from getting caught up in the present when the Internet moves to its next stage of development later this year.
      522 words
    • Article, Illustration
      Lock icon European banks not immune to possible Greek default
      624 2 Bloomberg [FRANKFURT] A year after European officials bailed out Greece, investors say the region’s banks haven’t raised sufficient capital or cut loans enough to withstand the contagion that may follow a default. While European lenders reduced their risk tied to Greece by
      Bloomberg; BLOOMBERG  -  624 words
    • Article, Illustration
      Lock icon Demand soars for space at S’pore Airshow 2012
      647 3  -  Over 90 per cent of exhibition space set to be snapped up by this week: Experia By VEN SREENIVASAN in Paris SOME 85 per cent of the exhibition space at the Singapore Airshow 2012 is already filled and this should surpass the
      647 words
    • Article, Illustration
      Lock icon Delay in ExxonMobil’s second S’pore complex
      645 3  -  It’s now expected to be fully operational only in H2 2012 By RONNIE LIM [SINGAPORE] ExxonMobil’s (EM) US$5-6 billion second Singapore petrochemicals complex being built on Jurong Island is now expected to be fully operational only in the second half of next year a
      645 words
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      281 3 Yours to oiaSHJ final rot&ast of special units iA/itln private, entertainment terraces. BELLEVUE RESIDENCES i \m i r t 2tr, mill Hi® N Tl'14 1 I r/ Nature Paraphrased. For the Epitome of Living. r-£«!! ■E^SiihiaKIE «IBHI IHr wwMw«|g Jlig Bl| oo Singapore Marriott Tangs Plaza OS o The ORCHARD
      281 words
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  • COMPANY NEWS
    • Article
      Lock icon Criminal liability stays for breach of directors’ duty
      492 4  -  Committee says retention of criminal liability serves as a ‘useful deterrent’ COMPANIES ACT REVIEW By JAMIE LEE THE steering committee for review of the Companies Act rejected a proposal to decriminalise the breach of directors’ duties under Section 157 of the Act,
      492 words
    • Article
      Lock icon Threshold defining ‘serious offence’ could be raised
      708 4  -  By LYNETTE KHOO THE current threshold amount of $20,000 defining a serious offence involving fraud or dishonesty an offence which an auditor of a public company or its subsidiary must report to the Minister for Finance could be raised to $250,000 under proposed
      708 words
    • Article
      Lock icon ACCA calls for audit liabilities to be modified
      669 4  -  There is a need to reform and expand the role of an audit By MICHELLE QUAH REGULATORS want auditors to take on an expanded role and for there to be greater competition in the industry, but this can only be achieved if
      669 words
    • Article
      Lock icon CCM Group plans 1.6b yuan China eco-tourism resort
      156 4  -  By CARINE LEE CCM Group has announced plans to develop a 1.6 billion yuan (S$304 million) eco-tourism holiday resort in Dianjiang County, Chong Qing, China. The Catalist-listed company said its wholly owned subsidiary has signed a memorandum of understanding (MOU) with the
      156 words
    • Article, Illustration
      Lock icon Investors wary despite end of a six-week swoon
      1006 4  -  Market is likely to take its cue from Europe, just as it did much of last week WALL STREET INSIGHT By STEPHEN RAPHAEL By in New York WALL Street was cheered by the end of the six-week-long losing streak in blue-chip and
      AP  -  1,006 words
    • Article
      Lock icon Treasury China allays fears over supply glut
      572 5  -  Trust upbeat on office, retail rentals, citing strong demand in China By LYNETTE KHOO TREASURY China Trust (TCT) expects further upside in office and retail rental rates on the back of strong demand in China and dismisses concerns over a potential office supply
      572 words
    • Article, Illustration
      Lock icon M1 draws first blood in next-gen battle with roll-out of LTE service
      382 5  -  By WINSTON CHAI SINGAPORE’S smallest operator M1 has pipped its two larger rivals in the race to secure higher mobile surfing speeds by being the first to introduce fourthgeneration cellular services in Singapore. The firm yesterday launched an
      FILE PHOTO  -  382 words
    • Article
      Lock icon ST Aerospace in JV with Japan’s Marubeni
      289 5  -  By KELLY TAY SINGAPORE Technologies Engineering (ST Engg) has joined forces with Japan’s Marubeni Corporation to form an engine leasing company in Singapore. Under the joint venture (JV), ST Engg’s ST Aerospace and Tokyobased Marubeni Corporation will have an equal stake in Total
      289 words
    • Article
      Lock icon Stable outlook for S-Reits: Moody’s
      357 6  -  By EMILYN YAP CREDIT rating agency Moody’s Investors Service has maintained its stable outlook on real estate investment trusts in Singapore (S-Reits) over the next 12-18 months, on expectations of rising rents and loose credit conditions. That many rated S-Reits carry invest-ment-grade ratings “reflects issuers’
      357 words
    • Article, Illustration
      Lock icon SGX in move to improve product disclosure
      402 6  -  New requirements apply to debentures, funds and structured warrants By JAMIE LEE ISSUERS offering products such as exchange-traded funds (ETF) and structured warrants will soon need to tell investors of projected worst-case scenarios and spell out who is most suited for these products.
      REUTERS  -  402 words
    • Article
      Lock icon AllianceBernstein touts high-yield corporate bonds
      519 6 IN the current uncertain world, AllianceBernstein’s emerging market debt director Paul DeNoon sees high-yield corporate bonds as the most attractive in the fixed income space. They can provide an income of 7-8 per cent in the next 12 months provided the global economy doesn’t dip
      519 words
    • Article
      Lock icon Bumitama Gunajaya Agro postpones IPO
      78 6 Reuters [SINGAPORE] Indonesia’s Bumitama Gunajaya Agro has postponed plans to raise about US$150 million via an initial public offering (IPO) here due to the current uncertainty in financial markets, according to a notice seen by Reuters yesterday. “The IPO has been postponed due to market
      Reuters  -  78 words
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      147 4 Singapore Institute of Directors Professional Training for Company Directors The Singapore Institute of Directors (SID) is the national association of company directors. SID promotes the professional development of directors and corporate leaders. It works closely with private sector professional firms, academia and regulators, its network of members and professionals, to
      147 words
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      187 5 ENERGY EFFICIENCY made in Germany Symposium on Energy Efficiency in Buildings on 28th June Organised by Singaporean-German Chamber of Industry and Commerce (SGC) Do not miss this opportunity to get valuable insight in new technologies and industry trends. Establish new business contacts with German and local companies, explore potential for
      187 words
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      172 5 WA i IKHKS HID BlK 3»H!SK "> ll IgKSSl I 9 v N> SV la 0 s *2sJ? m+\< 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
      172 words
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      285 6 Singapore Green IT Certification This course provides the basic understanding of Green IT. The method used is via an agnostic framework where existing IT techniques and skills can be employed in a practical way. At the end of the course you will be able to successfully deploy and measure your
      285 words
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      144 7 i¥j V m/ SI NGAPORE SERVICE EXCELLENCE MEDALLION Recognising the heart of excellence The Singapore Service Excellence Medallion mriZW. CJYJYJY alalalaiaa SJYJYJYJYJY AAAAAALAAYAT AAV AAV AAA a r. a x mm s celebrates the pinnacle achievement in a new paradigm of service excellence. .AAA YOAYA AW A r JY At
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Weak Europe opening cuts STI gain
      565 8  -  Index rises 28 points in the morning, but closes the day merely 8.3 points higher STOCKS R SIVANITHY Senior Correspondent EUROPE’s soft opening yesterday put paid to hopes that an al-ready-moribund local equity market could at least stem some of its recent bleeding, hopes
      Source: Bloomberg  -  565 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 4 5 0 0 0 5 4 5 Manufacturing 39 56 63 4 2 12 43 58 75 Commerce 20 13 20 1 2 4 21 15 24 Tpt/Stor/Comms 13 14 16
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 34,345 34,345 78,225 78,225 Manufacturing 169,389 30,645 200,034 157,905 489 158,394 Commerce 93,009 12,339 105,348 184,548 713 185,261 Tpt/Stor/Comms 104,674 25,158 129,832 180,925 2,571 183,497 Finance 22,491 3 22,494 199,528 199,528 Construction 15,169 3,107 18,276
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 8 Stock name Close Change Stock name Close Change CapMallsAsia 1.400 -0.010 CapitaLand 2.760 +0.010 CapitaMall 1.910 CityDev 10.120 +0.120 ComfortDelGro 1.360 +0.010 DBS Grp 14.160 +0.160 F&N 5.680 +0.230 GLP 2.000 -0.020 Genting SP 1.840 -0.010 Golden Agri 0.665 -0.020 HK Land 7.320 +0.030 JMH 53.220
      110 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Jun 20 VALUE CLOSE BT OB/OS -983.00 +169.0 BT CADI -*****.00 +2.0 BT 10-day MA -*****.00 -98.00 FTSE ST Mid Cap 724.50 +3.39 FTSE ST Small Cap 498.31 -0.41 FTSE ST All Share 736.71 +2.09 FTSE ST China Top 245.34 +0.11 FTSE ST China 286.48 -1.47 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME Golden Agri 82,271,000 Genting SP 71,507,000 KS Energy 33,361,000 ChinaTitan 24,967,000 Foreland 24,878,000 NOL 21,614,000 SingTel 20,999,000 Hartawan 20,780,000 CapitaLand 19,125,000 Noble Grp 18,993,000 VALUE($) Genting SP 133,205,580 UOB 84,110,900 SingTel 63,514,243 Golden Agri 55,488,530 CapitaLand 53,188,440 OCBC Bk 51,954,580 Keppel Corp 44,782,140 DBS Grp 41,889,544
      55 words
    • BROKERS’ TAKE
      • Article
        Lock icon Semiconductor Sector
        444 8  -  Compiled by CONRAD TAN OCBC Investment Research, June 20 THE recent first quarter 2011 results released by most semiconductor companies listed on the Singapore Exchange exhibited a common trend rising cost pressures which have caused margins and hence profitability to decline. Such cost pressures have arisen from increasing
        444 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 Euro slides on Greek bailout deal impasse
      456 8 CURRENCIES Reuters [LONDON] The euro fell yesterday, trading close to recent lows as a delay to the next tranche of Greek bailout funds undermined confidence in the single currency, with the options market and technical charts pointing to more losses. Eurozone finance ministers
      Reuters  -  456 words
    • Article
      Lock icon RISES
      103 8 BY CENTS CLOSE UP GLD 10US$ ***** 179.8 1.0 JMH 5322 69.4 1.1 DBXT FTChina25 10US$ 3058 44.6 1.2 Great Eastern 1476 36.0 2.5 F&N 568 23.0 4.2 Asia Pac Brew 3000 20.0 0.7 Hyflux 6% CPS 10 ***** 20.0 0.2 DBS Grp 1416 16.0 1.1 CityDev 1012 12.0
      103 words
    • Article
      Lock icon FALLS
      123 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-326.1 -2.2 DBXT E50 10US$ 4328-215.7 -3.9 IS S&P500 *****-156.2 -1.0 IS DJ US Tech 6146 -74.4 -1.0 DBXT MSAsExJp 10US$ 3219 -63.2 -1.6 DBXT SPASX200 10US$ 3420 -63.2 -1.5 DBXT MSTaiwan 10US$ 1917 -47.1 -1.9 DBXT MSKorea 10US$ 5936 -43.4 -0.6
      123 words
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      93 8 3D 4\ 30 o O <2 N\\ BV LGAR I <&,© ,17, to O 0 v. V/ m u O \»y CX3 CO V Gerald Genta B V LG A R I OCTO BI-RETRO STEEL CERAMIC ELECTED WATCH OF THE YEAR 2010 BY A SWISS PROFESSIONAL JURY BOUTIQUES TAKASHIMAYA DEPARTMENT
      93 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Top Global unit clinches Braddell Park for $85m
      676 9  -  Brookvale Park, off Sunset Way, up for en bloc sale at $550m By NICHOLAS YEO IT may be the school holiday season but activity continues in the collective sales market. A unit of Top Global Limited, listed on the Singapore Exchange, has
      676 words
    • Article
      Lock icon Ho Ching not stepping down: report
      501 9  -  By LEE U-WEN TEMASEK Holdings chief executive and executive director Ho Ching is not stepping down in August after all, according to a Reuters report published yesterday. Ms Ho, 58, has reportedly informed her staff via an internal memo that she is not leaving
      501 words
    • Article
      Lock icon China should clarify claims on South China Sea: S’pore
      233 9 Reuters [SINGAPORE] Singapore said yesterday that China should clarify its claims to disputed islands in the South China Sea and urged all parties to act with restraint amid the biggest flare-up in regional tension in years over competing maritime sovereignty claims.
      Reuters  -  233 words
    • Article, Illustration
      Lock icon Kotak Mahindra plans foreign branch in S’pore
      604 10 It’s seeking Indian central bank licence for int’l branch Reuters [MUMBAI] India’s Kotak Mahindra Bank plans to open its maiden overseas branch in Singapore and has applied for a licence to the Indian central bank, a senior official said yesterday, as it looks
      Reuters; BLOOMBERG  -  604 words
    • Article
      Lock icon Singapore may host ‘F1 of sailing’
      499 10  -  By JOYCE HOOI AFTER more than a year of talks, Singapore might soon be adding another notch to its belt of sailing events, in the form of the World Match Racing Tour (WMRT) which has been dubbed the “F1 of sailing”. The Marina Bay
      499 words
    • Article
      Lock icon Study: S’poreans for options in energy market
      370 10  -  59% interested in apps on mobiles to measure their power consumption By JASMINE NG WHILE overall Singaporean consumers’ first instinct is to go to their utility suppliers to buy electricity and energy-efficient products, 95 per cent of them are happy to buy from
      370 words
    • Article, Illustration
      Lock icon Nokia to outline plans for ‘forgotten’ Asia
      505 10 Bloomberg [MUMBAI] Nokia Oyj chief executive officer Stephen Elop, seeking to stem mar-ket-share losses to cheap Android smartphones and unbranded handsets, will get his first opportunity tomorrow to win back Asian customers. Mr Elop will lay out the company’s strategy and show customers
      Bloomberg  -  505 words
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      106 9 WINNER IG Markets Investmenl^Trends Singapore's No.1 CFD provider for customer satisfaction. 5o ft K P' m HB *****836 L B2 HB 2425 IG Markets ranked first for overall customer satisfaction. Clients praised our value for money and tight spreads. We also ranked first for our easy-to-use platform and professional charts.
      106 words
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      496 10 LIVE BY DESIGN! With the Power of NLP, Time line Therapy™ Hypnotherapy Prominent figures like Anthony Robbins, Oprah Winfrey, Andre Agassi, Bill Clinton and Obama have used NLP techniques actively to achieve excellence and success. Come discover how you can acquire the same powerful strategies and techniques to achieve excellence
      496 words
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  • SME Inc
    • Article, Illustration
      Lock icon Sporting chance to be sports
      1187 11  -  Vanda Sports Group believes Singapore offers lots of opportunities for the sports business, reports JASLENE PANG reports JASLENE PANG SOME Singaporeans may still raise their eyebrows at having their homeland dubbed a sporting hub, but for Vanda Sports Group (Vanda), the Lion City seems to
      YEN MENG JIIN  -  1,187 words
    • Article, Illustration
      Lock icon Logistics players banking on SMEs
      1224 13  -  SMEs are bullish about their prospects and this is confirmed by logistics firms who are riding the wave, reports MINDY TAN reports MINDY TAN ACCORDING to the HSBC Small Business Confidence Monitor released in January, business confidence among Singapore’s small and medium-sized enterprises (SMEs) is
      1,224 words
    • Article
      Lock icon Structuring for optimal growth
      956 14  -  The issue of succession planning for family-run businesses is a sensitive but also very important topic COMMENTARY By OWI KEK HEAN This article is contributed by Owi Kek Hean, deputy managing partner and head of enterprise services at KPMG in Singapore. The views expressed are his
      956 words
    • Article
      Lock icon Portfolio slumps 3.1% on market weakness
      456 14  -  By TEH HOOI LING RECENT weeks of market weakness have pulled our small cap portfolio back to its July 2009 level. In the last five trading sessions to yesterday, our portfolio slumped 3.1 per cent. That’s in tandem with the 3 per cent decline
      456 words
    • Article
      Lock icon Talk to stakeholders about pressing CSR issues
      689 14  -  ASK NUS PROFS Robert Fleming Associate Professor (Adjunct) Robert Fleming, Dept of Marketing Q: There has been a lot of talk about CSR and it was reported that firms in Singapore lag in green reporting. but how much will being socially responsible add
      689 words
    • Article
      Lock icon Stanchart service comes with guarantee
      244 14 STANDARD Chartered has introduced Singapore’s first and only service guarantee for its Express Trade Service (ETS), in which clients will be compensated with cash for a late notification. Its ETS promises to provide a credit decision to an SME customer via SMS within two working
      244 words
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      153 11 turn Business Class intdFjirst Class v- mm AW i'-5 L EH if 1 ■it m MM t A 'VV: o ilii I m /> HH •r MMS L V/SA I \\f < \ll m (w XV-k F 4 1 5& move up to Signature. enjoy preferential treatment with your Visa
      153 words
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  • EMERGING ENTERPRISE
    • Article, Illustration
      Lock icon Waste not, want not
      876 12  -  Recycling company World Metal Recovery has seen an average annual growth rate of 45% since its founding in 2007, reports TAM YU LING reports TAM YU LING LIFE could have been easy for Darius Loke had he chosen to join his family business, but the founder
      ARTHUR LEE  -  876 words
    • Article, Illustration
      Lock icon Becoming a big fish in the deep blue sea
      948 12  -  Started in 2007, Noeldive is making waves as a diving specialist and subsea contractor. REBECCA LIU reports reports REBECCA LIU THE term diving, to most, conjures up images of clear waters, shoals of fish and beautiful coral reefs. At diving specialist
      ARTHUR LEE  -  948 words
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      80 12 These are the thirteenth and fourteenth of a series of features on the 15 finalists of the Emerging Enterprise 2011 Awards. Jointly presented by The Business Times and OCBC Bank, EE 2011 recognises promising enterprises which are up to 10 years old and have an annual turnover of $10 million
      80 words
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      426 13 »U°B J* 8220 1000 lM§:g r w 0 m. h. r m m a Fi > v UPGRADE YOUR WORLD WITH UOB VISA SIGNATURE. W W THE ASIAN BANKER EXCELLENCE IN RETAIL FINANCIAL SERVICES INTERNATIONAL AWARDS 2011 Best Retail Bank in Singapore VISA SIGNATURE sr 1 emus' ssoh/IE KEN LAU
      426 words
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      38 14 2010 EDITION A collection from The Business Times The diverse experiences of some of the most influential thinkers, corporate chiefs and social activists of the age Available at all leading bookstores 52 interviews by The Business Times journalists
      38 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon CMMT’s foray into Kuantan seen as a positive move
      481 15  -  Purchase of mall expected to raise yields and diversify Reit’s income base By PAULINE NG in Kuala Lumpur CAPITAMALLS Malaysia Trust’s (CMMT) acquisition of a shopping mall in Kuantan is expected to enhance its earnings and yields, but as it is
      481 words
    • Article, Illustration
      Lock icon M’sian palm oil firm denies breaching Indonesia forest ban
      520 15 Reuters [KUALA LUMPUR] Malaysian palm oil firm Kuala Lumpur Kepong (KLK) denied yesterday that it had breached Indonesia’s two-year forest clearing ban on the first day it was signed to law, calling the allegation by an environmental group “preposterous”. But Malaysia’s
      Reuters; REUTERS  -  520 words
    • Article
      Lock icon Stanchart going it alone in bid for Indonesia bank
      386 15 Reuters [JAKARTA] Standard Chartered plc is planning to bid for a controlling stake in Indonesia’s PT Bank Muamalat alone as Stanchart’s affiliate has dropped out of the race, sources with direct knowledge of the matter told Reuters yesterday. Qatar Islamic Bank
      Reuters  -  386 words
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      54 15 Indonesia's Largest Listed Property Developer > X V «r 3 3K 1 H t :^n S i i M A s* -€'7 1 -i eav« Sel m w ■tt si «r= 4fLeaders in: Large Scale Integrated Development Property and Portfolio Management Healthcare Retail Malls Urban Development Hotels and Hospitality QSt>
      54 words
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  • GREATER CHINA
    • Article
      Lock icon Resource firms still betting billions on China
      745 16 Despite Roubini’s warning, firms are confident that economic growth, rapid urbanisation will override Reuters [SINGAPORE] Market bear Nouriel Roubini may be talking down China, but resource firms are betting billions that rapid urbanisation and economic growth will soak up the country’s massive infrastructure
      Reuters  -  745 words
    • Article
      Lock icon HK banks may have to accept sponsor liability for China firms
      618 16 Reuters [SINGAPORE] The rash of accounting scandals at Chinese companies could spell defeat for investment banks in Hong Kong in their long-running battle to avoid being made liable for the prospectuses of initial public offerings (IPOs) they sponsor. The
      Reuters  -  618 words
    • Article, Illustration
      Lock icon Three Gorges Dam says it has proven its worth
      514 16 AP [SHANGHAI] The operator of China’s gargantuan Three Gorges Dam says the dam has proven its worth by helping to control flooding and boosting the country’s supply of clean energy. In a social responsibility report released over the weekend, it claims
      AP  -  514 words
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      1782 16 MAT=3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE In the Matter of the Companies Act, Cap. 50 And In the Matter of COMFORT RESOURCES PTE LTD (Company Registration No.:*****3122N) (Companies Winding Up No. 118 of 2010/J) NOTICE TO CREDITORS OF MEETING (Under
      1,782 words
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  • WORLD
    • Article, Illustration
      Lock icon Japan Internet tycoon heads to jail
      472 17 AFP [TOKYO] Sporting a mohican haircut and a protest T-shirt, Japan’s maverick Internet tycoon Takafumi Horie yesterday headed to a Tokyo jail to serve two-and-a-half-year sentence for accounting fraud. The flamboyant dotcom entrepreneur who shook up Japan Inc’s often staid ways with his media-savvy
      AFP  -  472 words
    • Article
      Lock icon Skype fires execs before Microsoft purchase closes
      487 17 Bloomberg [SAN FRANCISCO] Skype Technologies SA, the Inter-net-calling service being bought by Microsoft Corp, is firing senior executives before the deal closes, a move that reduces the value of their payout, according to three people familiar with the matter. Vice-presidents David Gurle, Christopher
      Bloomberg  -  487 words
    • Article
      Lock icon Internet body approves corporate web suffixes
      493 17 Businesses won’t be restricted to domains such as .com, .net and .org AFP [SINGAPORE] The Internet’s global coordinator voted yesterday to allow the creation of website addresses ending in company names, enabling big firms to replace “.com” with their own brand. The Internet Corporation
      AFP  -  493 words
    • Article, Illustration
      Lock icon Japan posts second biggest trade deficit
      536 18  -  May gap is due largely to a 39% drop in exports of motor vehicles By ANTHONY ROWLEY in Tokyo JAPAN suffered its sec-ond-biggest trade deficit on record in May as exports continued to slump in the wake of the March 11 natural disasters and
      AP  -  536 words
    • Article
      Lock icon Israelis protest cottage cheese price on Facebook
      349 18 Bloomberg [JERUSALEM] Across the Arab world people have used Facebook to organise demonstrations against their regimes. In Israel, the social networking site is being used to protest about the rising cost of cottage cheese. More than 90,000 Israelis have joined a Facebook group
      Bloomberg  -  349 words
    • Article
      Lock icon Korea FTA a model for other pacts in Asia: EU
      293 18 Talks with S’pore ‘very advanced’: chief negotiator AFP [SEOUL] The European Union (EU) sees its sweeping free trade agreement (FTA) with South Korea as a model for planned pacts elsewhere in Asia, the EU’s chief negotiator on the deal said
      AFP  -  293 words
    • Article
      Lock icon US fundraisers still feel the crunch post-Lehman
      508 18 Bloomberg [NEW YORK] At last week’s Cit-ymeals-on-Wheels “Taste of Home” fundraiser, patrons paid US$500-1,700 to mingle with chefs such as Daniel Boulud and Tom Colicchio and eat lobster rolls. The US$782,000 that the party at New York’s Rockefeller Center raised was an improvement
      Bloomberg  -  508 words
    • Article, Illustration
      Lock icon Asian cities to see big surge of people by 2022: ADB
      736 18 AFP [HONG KONG] By mid2022, there will for the first time be more people living in Asia’s urban areas than in the countryside as “a tidal wave of humanity” surges towards the cities in search of jobs and a
      AFP  -  736 words
    • Article, Illustration
      Lock icon OECD chief sees no double-dip recession
      372 20 World economy is slowing down due to a combination of factors, he says Reuters [SEOUL] The world economy is slowing down due to a combination of factors such as the eurozone’s debt problems and a weak US housing sector, but it is not headed
      Reuters  -  372 words
    • Article
      Lock icon Big banks face Basel surcharges
      356 20 Bloomberg [LONDON] HSBC Holdings, Citigroup, Deutsche Bank and BNP Paribas may face the highest additional capital requirements under plans by the Basel Committee on Banking Supervision, Morgan Stanley analysts said. Other lenders that may be subject to the surcharge of about 2.5 per cent include
      Bloomberg  -  356 words
    • Article
      Lock icon PNC buys RBC’s US retail arm for US$3.5b
      401 20 RBC expects the deal to result in a loss of US$1.6b Reuters [BANGALORE] PNC Financial Services Group Inc will buy Royal Bank of Canada’s (RBC) US retail bank operations for US$3.45 billion in cash and stock, making it the fifth-largest bank in
      Reuters  -  401 words
    • Article, Illustration
      Lock icon Fifa VC Warner quits, to face no probe
      468 20 Bloomberg [LONDON] Fifa vice-chair-man Jack Warner ended his near 30-year association with soccer’s governing body yesterday, resigning from all his posts in the sport before the conclusion of an inquiry into bribery allegations against him. Mr Warner, 68, is stepping down immediately,
      Bloomberg; AFP  -  468 words
    • Article
      Lock icon Investors rush to support risky startups
      817 20 After seeing success stories, VCs don’t want to miss out NYT [PALO ALTO, California] What if you threw a US$41 million party and nobody came? A startup company called Color, knows how that feels. In March, Color unveiled its photo-sharing cellphone application and revealed
      NYT  -  817 words
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      96 17 The world class EMBA program where top executives converge. Ranked No.1 in the world by Financial Times (2010 2009) Source: 2010 and 2009 EMBA Survey by FT Join our information session to find out how you can realise your potential within our elite group. emba@ust.hk www.bm.ust.hk/khemba/bt EXECUTIVE MBA PROGRAM Kellogg-HKUST
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      31 18 www.omy.sg J SINGAPORE AWARDS fr in W. BP m 2 0 11 http://sgblogawards.omy.sg favourite] bloggers] kjtsr' feiiSrjiiga MoteiMaMinl [attract i V.ei E) r i zesl fllttflg WFtt QR Reader B5SQR Reader^S(t
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      21 18 sft m Lianhe Zaobao Gloomy market drives many listed companies to privatise ilitSIBii To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      313 19 Show Opens Today! Communichsia2011 Marina Bay Sands, Basement 2, Levels 1 3 Broadcast A sia2011 Suntec Singapore, Levels 3 4 21-23 JUNE 2011 24 JUNE 2011 10:30am-6pm 10:30am-4pm r.. 4i. Password Two Different Venues One Unique Platform Asia's Largest, Most Relevant Comprehensive ICT, Digital Media Entertainment Event yfo a e
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      17 20 SINGAPORE’S PREMIER HOME-GROWN CAR MAGAZINE DRIVEAND DINE WITH USAT THE NEXT TORQUEAFTERHOURS ONJUNE23,2011! MORE DETAILSAT WWW.TORQUE.COM.SG Joinusonwww.facebook.com/torque.singapore
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      71 20 Choice I jO, w ilMjiJtabla heaR 1BEAX c l .-.-.ogi> nisiHttM no strike takes Stumpy as* jnti<o" u P*~*' r ..t iryjuptc^*^ WoridWP g|J© -is Incisive features from India, news about the local Indian community, as well as business, education, entertainment, food and sports... with an Indian slant of course.
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  • AVIATION
    • Article, Illustration
      Lock icon Paris Air Show hit by mishaps
      766 21 Marketing challenge for Airbus as its jets are grounded while Boeing flies high Reuters [LE BOURGET, France] Airbus faced the unexpected and daunting task yesterday of delivering a marketing blow to rival Boeing and maintaining momentum for a revamped jet with its two flagship
      Reuters; REUTERS  -  766 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3259 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 KU6458 1415 --SQ458 1415 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1820 AF8087 1820 AY5012 1820 BA7381 1820 JL7892 1820 MU8440 1820 QF81 1820 Ahmedabad NH6292 1855 SQ530 1855 Amsterdam
      3,259 words
    • Article
      Lock icon AirAsia chief expects airline to have 500 jets by 2020
      306 21 AFP [SEPANG, Malaysia] AirAsia chief Tony Fernandes said yesterday that he expects the airline to expand its fleet of jets from 93 to around 500 by 2020 to meet surging demand for air travel across the booming continent. “It is
      AFP  -  306 words
    • Article
      Lock icon Embraer bags new orders worth US$1.7b
      120 21 AFP [PARIS] The world’s third-largest planemaker, Embraer of Brazil, marked the opening of the Paris International Air Show yesterday by announcing orders worth US$1.7 billion. The head of the firm’s commercial aviation arm, Paolo Cesar De Souza E Silva, said that the 39 new
      AFP  -  120 words
    • Article
      Lock icon 737 revamp or new jet? Boeing decision this year
      324 21 NYT [PARIS] Boeing will decide this year whether to revamp its popular 737 jet with more fuel-efficient engines or to develop a new single-aisle jet, an executive of the company said on Sunday. Pressure on Boeing to define its future strategy
      NYT  -  324 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      359 21 CRYPTIC CROSSWORD Across 1 Wearing nothing in queen’s variety performance (7) 5 Hesitation expressed prior to a certain wiping out (7) 9 How a horse might be complaining, eating noisily outside (9) 10 Instrument detained during transit arrangements (5) 11 Person with long-held conviction (5) 12 Composer changing some things
      359 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    3059 22 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
    3,059 words
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  • SHIPPING
    • Article, Illustration
      Lock icon UPS facilities in UK shut over security flaws
      534 23 Firm says move is due to government security check, not specific threat AP [LONDON] Shipping company UPS has been barred from moving aircargo through some UK facilities because of security flaws, the British government said after it carried out security tests. The
      AP  -  534 words
    • Article
      Lock icon US charges Iran shipping firm for illegal transactions
      572 23 NYT [NEW YORK] An Iranian govern-ment-owned shipping line that the United States believes is integral to Iran’s efforts to obtain banned technology for its nuclear and missile programmes has illegally funnelled tens of millions of dollars in financial transactions through the US
      NYT  -  572 words
    • Article
      Lock icon Baltic index flat on cape gains
      414 23 Outlook remains grim given drybulk overcapacity Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, inched lower on Friday although further iron ore business provided support to the larger capesize market. Brokers said that fleet growth, especially
      Reuters  -  414 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 23 SGX '000 Jun 20 S$ +/-Vol CH Offshore 0.42 -0.01 59 Chuan Hup Hldg 0.25 unch 734 Cosco Corp 1.75 0.02 ***** CWT Ltd 1.22 unch 1562 Ezra Hldgs 1.32 -0.01 6095 First Ship Lea 0.37 -0.01 1495 Freight Links 0.06 0.01 790 Grand Banks unch unch 0
      278 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon India’s over-burdened monetary policy
      474 24 EDITORIAL LAST week’s rate hike by the Reserve Bank of India (RBI) raises questions about whether the central bank’s aggressive monetary policy is having the desired effect of curbing inflation in the world’s second-fastest growing major economy. The RBI raised its key repo rate by 25
      474 words
    • Article, Illustration
      Lock icon UK bank plan is like cutting off the nose to spite the face
      804 24  -  THE BOTTOM LINE DAVID MASON The writer is a business communications consultant in the UK. He spends several months a year with clients in Singapore. His e-mail is david.mason466@btinternet.com THE UK government has just announced a new
      804 words
    • Article, Illustration
      Lock icon Fischer factor in the race for top IMF post
      1091 24  -  His shots at Lagarde may force her to either trim her sails or set sail upon a new course ANTHONY ROWLEY Tokyo Correspondent FORMER International Monetary Fund (IMF) deputy managing director Stanley Fischer’s rather bizarre attempt last week to insert himself
      REUTERS, AP  -  1,091 words
    • Article, Illustration
      Lock icon Yuan convertibility is a marathon
      1199 25  -  China policymakers see it as a long-term goal that will complete the country’s arrival as a global economic power By WILLIE THAM The writer is HSBC managing director and head of commercial banking, Singapore THE long-term and sustainable goal of achieving full renminbi (RMB) convertibility
      REUTERS  -  1,199 words
    • Article, Illustration
      Lock icon Crises created by too much govt spending
      860 25  -  By SIMON JOHNSON The writer is a Bloomberg View columnist. The opinions expressed are his own IN today’s world, there are three kinds of fiscal crises brought on by too much government spending, and three kinds of responses. We can call them the
      STOCK.XCHNG  -  860 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8295 26 Transaction date: Jun 20 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 15 8Telecom 15.5 14.5 16.5 7.8 3.9 3.2 74.2 12 4.5 A-Sonic 7.5 unch 149 7.5 7 7 7.5
      8,295 words
    • Article
      Lock icon SGX CATALIST
      1521 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 5.5 4 t AA Grp 4 3.5 4.5 19 3.9 202 154 t APStrategic 161 141 160 95.5 1.5 0.5 t Advanced System 0.5
      1,521 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9904 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.32/ APS Alpha Fund (USD)!** 1.06/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.72/ Aberdeen Asset Mgt Asia Limited American Opp 0.6271/ Asian Credit Fund
      9,904 words
    • Article
      Lock icon GLOBALQUOTE
      225 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A46 44 48.5 3.6 7.6 3.7 119.8 55 18 Genting HK US$ US34 -0.5 ***** 35 34 34 34.5 2238.7 21 12 Over&Gen A15
      225 words
    • Article
      Lock icon SGX ETF
      894 27 52-Wk Last Vol Day Last Quote Div Gr Yld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 117 -1 1 117 117 116 117 534.1 1077 832 CIMBAsean40 100US$ US1015 -8 6 1020 1015 1014 1021
      894 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 28 In local curr In S$ In US$ dy yr dy yr dy yr Jun 17 Index Change Change Change Change Change Change World Index Preliminary 881.6 0.4 -1.8 0.1 -3.4 0.8 0.2 EAFE Preliminary 761.6 0.2 -4.9 0.3 -4.3 0.9 -0.7 Europe Preliminary 1137.9 0.6
      374 words
    • Article
      Lock icon SICOM FUTURES
      154 28 Jun 20 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jul 11 106 Aug 11 495.0 490.0 490.0 53 83 Sep 11 490.0 490.0 490.0 45 310 Oct 11 489.0 488.0 489.0 14 188 Nov 11 490.0 487.0 487.0
      154 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      79 28 Jun 20 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 22.09.2011 0.33 0.31 0.30 1-Year BY*****X 02.05.2012 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.10 5-Year N*****0W 1.125 01.04.2016 100.41 100.55 100.55
      79 words
    • Article
      Lock icon CHICAGO BOT
      107 28 Jun 17 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1333.00 1350.50 1357.25 1330.50 Aug 11 1333.50 1350.00 1356.00 1331.00 Sep 11 1332.75 1348.00 1354.25 1329.50 Nov 11 1333.25 1350.25 1356.25 1331.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 55.92
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 28 CRUDE OIL PRODUCTS Jun 17 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 113.37 -0.62 WTI (Near Mth) 92.99 -1.72 Dubai (1-Mth F) 106.31 -1.09 Tapis blend 119.46 -1.61 Minas 115.56 -1.61 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.44 -2.78 Jet Kerosene 125.55 -2.70 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2552 28 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 23.5 1 150 8 6.85 35 ASJ Hldgs W*****1 1.5 1 4 38 2.67 8 AlliedTech W*****2 2 1 4 29 Asia Water Tech Ltd W*****8 3.5 1
      2,552 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      123 28 Jun 20 As at 9am Jun 20 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.352 1.276 Can dollar 1.281 1.232 Euro 1.795 1.726 Sterling pound 2.032 1.954 NZ dollar 1.027 0.979 US dollar 1.252 1.204 Local dollars to 100 units
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 28 Jun 20 Open High Sett STI Jun 3014 SIMSCI Jun 347.1 349.6 347.0 Taiwan Jun 302.3 305.0 300.3 Source: MF Global (S) Pte Ltd
      27 words
    • Article
      Lock icon PALM OIL
      65 28 Jun 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 11 3237 3220 3237 3220 375 6532 Jul 11 3221 3205 3231 3201 3236 ***** Aug 11 3200 3193 3221 3189 ***** ***** Sep 11 3206 3194
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      470 28 Jun 20 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6100 0 8778 Dec11 99.5400 0 3363 Mar12 99.4850 0 1382 Jun12 99.3950 0 2166 EUROYEN TIBOR FUTURES Sep11 99.6675 0 1252 Dec11 99.6650 0 1392 Mar12 99.6550 99.6550 99.6550 99.6550 305 2123 Jun12 99.6525 0
      470 words
    • Article
      Lock icon INTERBANK RATES
      180 28 Jun 20 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.12 US$ Offer Bid 7 days 0.23 0.13 1 month 0.28 0.18 2 months 0.32 0.22 3 months 0.36 0.26 6 months 0.46 0.36 9 months 0.70 0.50 12
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Jun 20 S$ Bid Offer 1-month 1.2398 1.2399 2-months 1.2397 1.2398 3-months 1.2396 1.2398 6-months 1.2392 1.2394 Source: OCBC
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    • Article
      Lock icon INTERBANK CROSS RATES
      462 28 Jun 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.035 6.799 0.740 8.189 47.285 90.374 0.842 11.408 3.198 1.305 90.163 45.972 1.303 7.165 0.889 30.460 32.100 0.651 1.051 Canada 0.967 6.572
      462 words
    • Article
      Lock icon SIBOR
      85 28 Jun 20 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 28 Jun 20 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3019 1.3031 1.0501 1.0510 Canadian dollar 1.2586 1.2595 1.0151 1.0158 Euro 1.7610 1.7614 1.4204 1.4206 NZ dollar 0.9979 0.9987 0.8049 0.8055 Sterling pound 1.9998 2.0001
      156 words
    • Article
      Lock icon PRECIOUS METALS
      139 28 Jun 20 GOLD (US$/oz) Jun 17 Jun 20 Hong Kong 1531.00 1540.00 Jun 16 Jun 17 London 1527.90 1537.49 1528.79 1538.31 Source: Thomson Reuters CAST BAR Jun 20 (S$) Selling Buying Kilobar 65,549.27 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 147 61 5gm 417 306 10gm 745
      139 words
    • Article
      Lock icon LONDON METALS
      69 28 Jun 17 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2516.25 2528.00 3 months 2545.00 2557.00 Copper, Grade A (US$/tonne) Cash 9087.00 9056.75 3 months 9095.00 9065.00 Lead (US$/tonne) Cash 2433.50 2465.00 3 months 2450.00 2481.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon LIFFE
      82 28 Jun 17 COCOA (£/tonne) Close Prev High/Low Jul 11 1822 1800 1827/1790 Sep 11 1829 1811 1835/1804 Dec 11 1855 1838 1861/1833 Mar 12 1871 1861 1880/1855 COFFEE (US$/tonne) Close Prev High/Low Jul 11 2302 2380 2400/2290 Sep 11 2342 2422 2442/2328 Nov 11 2372 2450 2468/2356 Jan 12
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  • PROPERTY
    • Article, Illustration
      Lock icon French govt drops holiday-home tax
      339 29 The proposed new plan would have angered expatriates and British owners Reuters [PARIS] The French government is to drop a plan to impose a new tax on holiday homes of non-residents that would have hit French expatriate and British property owners under a wider fiscal
      Reuters; BLOOMBERG  -  339 words
    • Article
      Lock icon Europeans eye more Asian properties: Savills
      438 29 Reuters [SINGAPORE] European real estate investors are likely to put a larger proportion of their funds in Asian commercial properties in the coming years as they become more comfortable with a region that is leading growth, a senior executive at property services firm Savills
      Reuters  -  438 words
    • Article
      Lock icon Builders in UK to help 1st-time buyers get mortgages
      238 29 Bloomberg [LONDON] Barratt Developments plc and more than 100 other UK homebuilders will help first-time homebuyers get cheaper mortgages through a government-backed lending programme. The £500 million (S$1 billion) plan will help reduce the size of deposits to about 5 per
      Bloomberg  -  238 words
    • Article, Illustration
      Lock icon London homeowners raise asking prices 1.8% in June
      605 30 Demand from overseas buyers for luxury properties overflows to suburbs Bloomberg [LONDON] Home sellers in the British capital raised asking prices to a record in June as demand from overseas buyers for luxury properties in London’s centre began to “spill over” into
      Bloomberg; BLOOMBERG  -  605 words
    • Article
      Lock icon Castle Trust seeks okay to offer mortgages
      216 30 Reuters [LONDON] New UK company Castle Trust is seeking regulatory approval to offer mortgage products and other investments, as authorities aim to widen the availability of home loans for consumers to counter a slowing property market. Castle Trust added in a statement that
      Reuters  -  216 words
    • Article
      Lock icon HK tycoon sees 15% fall in property prices by year’s end
      622 30 Bloomberg [HONG KONG] Property prices here may fall as much as 15 per cent by the end of the year, said Walter Kwok, former chairman of Sun Hung Kai Properties Ltd, the world’s biggest developer by market value. Lukewarm
      Bloomberg  -  622 words
    • Article, Illustration
      Lock icon China’s resale home market cools in May
      649 31 Data shows 23 out of 70 cities posting price falls, 16 cities more than in April Bloomberg [SHANGHAI] China’s effort to cool home prices is damping the market for existing homes, with prices in May falling from the previous month in 23 of
      Bloomberg; REUTERS  -  649 words
    • Article
      Lock icon S-EA Reits ripe for consolidation: Axis
      283 31 Reuters [KUALA LUMPUR] Real estate investment trusts (Reits) in South-east Asia are ripe for consolidation with prices rising in certain property segments, said Axis Reit chief executive Stewart LaBrooy. Although the Reit business is still in its infancy in South-east Asia, excluding Singapore, there
      Reuters  -  283 words
  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      176 29 Collective Sale by Tender Hilltop Site Near Holland Village Site Area 7,830.7 sq m (Approx. 84,288 sq ft) MP 2008 Zoned ‘Residential’ at Plot Ratio 1.6 Within walking distance to Holland Village, Commonwealth MRT Station and future Holland Village MRT Station Minutes’ drive to Dempsey Hill, Singapore Botanic Gardens and
      176 words
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      Lock icon Page 29 Advertisements Column 2
      69 29 Secure Investment With Additional Land POLICE STATION LOT LOT FOR SALE 45-53 Forrest Street, Geraldton COURT HOUSE Lot 2: 3,394m2land with 1,410m2NLA Secured by Commonwealth Government lease Outlines indicative only Lot 1: 1,622m2vacant additional land In well located regional centre For Sale by Offers to Purchase closing Wednesday 6 July
      69 words
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      Lock icon Page 29 Advertisements Column 3
      227 29 v Estate Agent Licence No. L*****36J Tranquil, hillside plot off Pasir Panjang Road Vista Park Land area 29,659.1 sq m (approx. 319,248 sq ft) ʻResidentialʼ with GPR 1.4 Next to Kent Ridge Park Rd Near NUS, CBD, RWS and Vivocity Near Pasir Panjang MRT (U/C) Well connected to West Coast
      227 words
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  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      162 30 HDTZ DEBENHAM TIE LEUNG (SEA) PTE LTD A +u I 0070 001 Q Registration No.:R*****7J Artnur Lee 3U/U LL I 0 Estate igent Licence No.: L*****01G 8.56 ACRES RESIDEMTIAL DEVELOPMEHT SITE IH DISTRICT 21 s R 9U ecr- Ngee Ann Polytechnic •i« S pore Institute of Management Sunset Way Park
      162 words
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      Lock icon Page 30 Advertisements Column 2
      57 30 INTERNATIONAL BUILDING 360 ORCHARD ROAD For Lease Office: 500 to 1,023 sq ft Next to Shaw House Isetan Scotts Outside CBD Near Orchard MRT Station Immediate Occupation Hong Fok Group Tel: 6390 2477/ 6292 8181 STYLE Check this out and many other properties in CATS Classified in The Straits Times
      57 words
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      185 31 ENTERPRISE LOGISTICS CENTRE £*1 Warehouse For Lease 2 Storey ramp-up warehouse at Tuas South Unit sizes from 28,000 sq ft to 76,000 sq ft Clear ceiling height of up to 10 m Heavy floor loading of up to 25 KN/ m2 Sheltered loading/unloading bays in front of units For leasing
      185 words
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      Lock icon Page 31 Advertisements Column 2
      119 31 u WHERE THE SKY MEETS THE SEA A rare site with more than 300m span of sea frontage along East Coast Parkway with expansive views beyond the horizon. Laguna Park: a diamond in the rough, and an opportunity to redefine architectural boundaries. Knight Frank At i Collective sale of Laguna
      119 words
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  • INFINITE SPACES
    • Article, Illustration
      Lock icon Integrated solutions from next-gen landlords
      1098 32  -  Property groups are addressing the evolving needs of tenants and their staff, reports UMA SHANKARI reports UMA SHANKARI LANDLORDS have began to provide end-to-end real estate solutions to their tenants in a bid to keep up with their customers’ changing requirements. In addition to building
      1,098 words
  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      105 32 V h > r z What would you like your space to be? At Ascendas, we challenge conventions to create spaces that liberate the imagination and provoke new thinking. With one of footprints in Asia Ascendas has redefined business landscapes, catalyzing investments in cities we operate/in. Our presence is a
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