The Business Times, 6 September 2011

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Microfilm: NL31620
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Tuesday, September 6,
    23 words
  • Article, Illustration
    Lock icon Torrent of bad news as markets fear the worst
    703 1  -  Poll setback in Germany, slowdown in HK and jobs crisis in US add to recession fears By CONRAD TAN in Singapore and NEIL BEHRMANN in London STOCKS across Asia and Europe slumped yesterday amid a slew of bad news, reinforcing fears
    REUTERS  -  703 words
  • Article
    Lock icon Blue chips’ target prices take a big hit
    636 1  -  Bank and property stocks among those downgraded by analysts By EMILYN YAP [SINGAPORE] The proverbial falling knife in the stock market has landed on target prices for local shares. Analysts are making significant cuts particularly for banking, property, and shipping and offshore
    636 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 HST INDEX 2,773.17 (-69.92) HST INDEX FUTURES 2,774 (-70) HSIMSCI 317.67 (-7.70) HSIMSCI FUTURES 316.90 (-7.50) FOREX US$ S$ US$ (S$ per US$) 1.206 (US$/S$ per 1.614 1.946 EURO (US$/S$/E) 1.414 1.706 Foreign currency per US$ S$ YEN 76.80 63.70 RM 2.976 2.467 HK$ 7.789 6.458 BAHT 29.91
    141 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon US firms in S’pore looking to expand in S-E Asia
      523 2  -  Two in three US firms polled here say Asean markets have risen in significance By CHUANG PECK MING [SINGAPORE] More US companies in Singapore are looking to expand in the rest of the South-east Asia as they eye an increasingly
      523 words
    • Article
      Lock icon Asian stocks unlikely to draw back funds
      715 2  -  By ROB CURRAN WESTERN investors are unlikely to return to stocks from the Asia-Pacific and other emerging markets en masse until the European financial crisis abates, but they may continue buying locally denominated bonds. Emerging market stocks are still perceived as being somewhere
      715 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      380 2 Torrent of bad news unnerves markets STOCKS across Asia and Europe slumped yesterday amid a slew of bad news reinforcing fears that the world’s biggest economies are sliding back into recession. Shares of export-oriented firms across Asia were hammered, after the monthly US employment report last Friday showed
      380 words
    • Article, Illustration
      Lock icon Mid-sized investment properties change hands
      685 4  -  The Saff goes for $42.1 m; 182 Clemenceau Avenue fetches about $74m By KALPANA RASHIWALA [SINGAPORE] A few mid-sized property investment sales deals have been sealed of late. The Saff hotel at Keong Saik Road, formerly known as Royal Peacock Hotel, has been sold to
      PHOTOS BY ARTHUR LEE  -  685 words
    • Article
      Lock icon Tricky questions that S’pore needs to answer
      488 4  -  By LEE U-WEN [SINGAPORE] Former minister mentor Lee Kuan Yew highlighted two major dilemmas facing Singapore at a university dialogue last night. The first how to manage the inflow of foreigners into the country at a pace that was, in Mr Lee’s words,
      488 words
    • Article, Illustration
      Lock icon Asian bonds could provide a refuge
      375 4  -  By WAYNE ARNOLD REUTERS BREAKINGVIEWS MARKETS may have regained their footing, but a drumbeat of negative economic and political signals has clouded the outlook for the global economy. The risk of a repeat of August’s turmoil cannot be ignored. Asian bonds offered refuge in
      REUTERS  -  375 words
    • Article
      Lock icon Temasek hires senior BofA banker
      274 4 Reuters Bloomberg [SINGAPORE] Temasek Holdings has hired a senior Bank of America-Merrill Lynch investment banker, part of a reshuffling of the top dealmaking team at the Singapore investment company. Tan Chong Lee, BofAMerrill Lynch’s South-east Asia head of corporate and investment banking, was hired for
      Reuters; Bloomberg  -  274 words
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      146 2 BVLGARI 'I'll s> I T 'in. B V LG A R I CALIBRO 303 \d. <4, B V R. I CALIBRO 3Q3 I BO •SlVrss MAOt- 1 ''III yy \VVli irrrr THE NEW DIAGONO CALIBRO 303 INTEGRATED CHRONOGRAPH WITH COLUMN WHEEL MECHANISM. MANIFACTURE MOVEMENT WITH AUTOMATIC WINDING AND DATE, CALIBER
      146 words
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      131 3 Europe s best airline. 18.8 million voted. One was named. Every year, Skytrax, the world's civil aviation audit and service benchmarking programme, announces the best in the airline business. They do this by simply asking frequent flyers. In 2010,18.8 million passengers were asked to choose their favorite airline in Europe.
      131 words
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      190 4 •II» Food ingredients Asia 2011 21 23 September 2011 Queen Sirikit National Convention Center, Bangkok, Thailand OPENING HOURS 21-22 September 2011 10.00-18.00 23 September 2011 10.00 -17.00 V Register online today for FREE show catalogue! k Before: 16 Sep S" V' THE ONLY DEDICATED FOOD INGREDIENTS EXHIBITION IN THE ASEAN
      190 words
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      23 4 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. B8AIS NOTICES
      23 words
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      44 5 r LIVE FOR GREATNESS THE DATEJUST L?JP* JL E L i. ROLE PETUA OYS IE USX o c S> 28 O <§> SUPE ER CHRON CERT ED f.'. 1 W PLAY V DEO ROLEX Check out our interactive advertisements in The Straits Times on iPad
      44 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Man U IPO kicks up interest in dual-class shares
      995 6  -  Report says club chose to list in S’pore so it could have such a structure By MICHELLE QUAH THE impending listing of English football giants Manchester United here has not only upped the hype about the (some would say, over-hyped) Red
      BLOOMBERG  -  995 words
    • Article
      Lock icon Yangzijiang buys into another micro-lender
      289 6  -  By JOYCE HOOI YANGZIJIANG Shipbuilding (Holdings) is headed further down the Grameen Bank path. The shipbuilder is increasing its involvement in micro-lending, buying a stake in yet another microfinance firm. Yesterday, it announced that it would invest 94.5 million yuan (S$17.9 million) for a 31.5
      289 words
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      374 6 GREAT VIEW GRAND LIFESTYLE GOLDEN OPPORTUNITY '7i \T ASIA PACIFIC PROPERTY AWARDS ASIA PACIFIC PROPERTY AWARDS a* *5 I Bloomberg Bloomberg m ig r TROPIGANA GRANDE f i? J r 4! S3 a ,1 9f?»: a r- -fit tat J m m m mm Ik W hi I Ml f
      374 words
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      220 7 PATEK PHILIPPE GENEVE Begin your own tradition. V SS 7T zr ocrq 4 n cr r-« *o> h-J, U-> C<> H I J*. On n i I /XT' qr 7/ 1200 steps to produce the components of even our simplest selfwinding movement. As a family-owned watch company we can ensure
      220 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Wall St worries weigh on stocks
      588 8  -  No sector is spared as Straits Times Index closes 2.5% down on low volume STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index yesterday plunged 69.92 points or 2.5 per cent to 2,773.17 in the wake of Friday’s slide on Wall Street and in
      Source: Bloomberg  -  588 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Sep 5 VALUE CLOSE BT OB/OS 186.00 +126.0 BT CADI -*****.00 -257.0 BT 10-day MA -*****.00 +19.00 FTSE ST Mid Cap 647.89 -11.79 FTSE ST Small Cap 437.93 -6.72 FTSE ST All Share 673.08 -15.85 FTSE ST China Top 201.73 -5.12 FTSE ST China 238.39 -5.40 FTSE
      66 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 13 1 0 0 0 0 13 1 Manufacturing 20 88 25 1 5 6 21 93 31 Commerce 9 32 12 2 7 1 11 39 13 Tpt/Stor/Comms 5 31 5
      186 words
    • BROKERS’ TAKE
      • Article
        Lock icon Singapore office rental
        435 8 DBS Group Research, Sept 5 SINGAPORE’S GDP growth forecast has been cut to 6.2 per cent in 2011 and 5.5 per cent in 2012. We believe recent global events set a case for an extended period of slower growth rather than a repeat of the 2008-09 global
        435 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, Illustration
        Lock icon Serial System
        372 8  -  Sept 5 close: S$0.149 SIAS Research, Sept 5 Compiled by LYNN KAN SERIAL System Ltd’s 1H FY11 Patmi (profit after tax and minority interests) came in at $7.1 million exactly in line with our expectations. We note that growth remained robust as H1 revenue actually grew by 19
        Source: Bloomberg  -  372 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,410 24,410 113,091 113,091 Manufacturing 143,014 21,354 164,368 151,813 127 151,940 Commerce 157,856 2,635 160,491 157,904 492 158,396 Tpt/Stor/Comms 100,703 82 100,785 152,911 8 152,919 Finance 21,111 21,111 207,088 207,088 Construction 18,015 6,647 24,662 4,838
      117 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 8 Stock name Close Change CapMallsAsia 1.290 -0.045 CapitaLand 2.450 -0.090 CapitaMall 1.870 -0.020 CityDev 10.150 -0.300 ComfortDelGro 1.345 -0.025 DBS Grp 12.740 -0.360 F&N 5.610 -0.090 GLP 1.700 -0.070 Genting SP 1.560 -0.055 Golden Agri 0.640 -0.005 HK Land 5.700 -0.100 JMH 51.760 -2.240 JSH 29.170
      114 words
    • Article, Illustration
      Lock icon Euro hits 3-week low on Greek, Italy debt worries
      532 8 CURRENCIES Reuters [LONDON] The euro fell yesterday, touching a three-week trough versus the US dollar as worries about Greek and Italian public deficits and a regional election rout for Germany’s ruling party cast more doubt on the eurozone’s ability to tackle
      Reuters; REUTERS  -  532 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 8 VOLUME Sheng Siong 89,942,000 TopGlobal W*****9 85,404,000 Genting SP 73,786,000 MDR R 71,498,000 Golden Agri 59,600,000 MDR 51,165,000 Noble Grp 40,995,000 Artivision 39,768,000 SingTel 22,105,000 Yangzijiang 16,389,000 VALUE($) Genting SP 114,340,155 Keppel Corp 80,167,560 DBS Grp 74,517,210 SingTel 68,126,113 OCBC Bk 63,964,800 Noble Grp 61,908,615 UOB 50,245,690
      59 words
    • Article
      Lock icon RISES
      110 8 BY CENTS CLOSE UP GLD 10US$ ***** 470.3 2.2 DBXT S&P Short 10US$ 4666 149.5 2.7 KepCorp MBLePW*****1 68.5 18.0 35.6 STI 3000 DBePW*****3 51.5 14.0 37.3 STI 3150BPePW*****8 82.5 14.0 20.4 STI 3100BPePW*****9 66 13.0 24.5 DBS MBL ePW*****1 51 10.5 25.9 SIMSCI335MBePW*****0 46 8.5 22.7 STI 2850BPePW*****9
      110 words
    • Article
      Lock icon FALLS
      117 8 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 5253-379.9 -5.7 IS S&P500 *****-353.4 -2.4 JMH 5176-270.1 -4.1 Jardine C&C 4449-227.0 -4.9 DBXT E50 10US$ 3441-189.3 -4.4 DBXT FTChina25 10US$ 2685-162.8 -4.8 DBXT Nifty 10US$ *****-135.1 -1.0 Lyxor China H 10US$ 1310-132.7 -7.7 JSH 2917-131.5 -3.6 DBXT MSJAP 10US$ 3585-125.4 -2.8
      117 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Starhill Reit’s rent review application dismissed
      409 9  -  It’ll appeal the High Court ruling, file a stay of execution By LYNETTE KHOO THE High Court has dismissed the application from Starhill Global Reit, which had asked the court to declare as non-operable the rent review mechanism in its lease agreement with Toshin
      FILE PHOTO  -  409 words
    • Article
      Lock icon Ezra mulls perpetual capital securities
      381 9  -  Any further details of the issue will be announced later By NISHA RAMCHANDANI OFFSHORE support services provider Ezra Holdings is looking at issuing Singapore dollar-denominated perpetual capital securities, as more local companies explore selling these more complicated fixed income securities following Hyflux’s success. In a
      381 words
    • Article
      Lock icon Have a little faith in HPH Trust
      829 9  -  HOCK LOCK SIEW By JOYCE HOOI THE thing about businesses that bill themselves as cash cows is that cows are plodding creatures. In good times, this was not a problem for Hutchison Port Holdings (HPH) Trust. All it had to do then was
      829 words
    • Article, Illustration
      Lock icon Sheng Siong’s share price slips a bit more
      406 10  -  Counter falls a further 1.5¢ to close at 47.5¢, but still above IPO price of 33¢ By NISHA RAMCHANDANI SHARES in supermarket operator Sheng Siong continued to decline yesterday, giving up a further 1.5 cents to close at 47.5 cents yesterday. Yesterday’s
      FILE PHOTO  -  406 words
    • Article
      Lock icon Grand Banks Yachts gets waiver from watch-list
      358 10  -  It obtains deferment in light of $45m share subscription By NISHA RAMCHANDANI GRAND Banks Yachts has been granted a waiver from entry on the Singapore Exchange’s (SGX) watch-list until Dec 1, in light of a $45 million share subscription by European private equity
      358 words
    • Article
      Lock icon Olam in talks to acquire Indian spices firm: report
      318 10  -  By MINDY TAN COMMODITY player, Olam International is in talks to acquire privately held Indian spices company, Vallabhdas Kanji Ltd (VKL), The Times of India reported yesterday. Olam in which Temasek Holdings is a major shareholder declined to comment when contacted,
      318 words
    • Article
      Lock icon Get The Straits Times as you like it
      201 10 READERS of The Straits Times may now subscribe to the newspaper’s print, digital, and mobile editions as a single bundle. Singapore Press Holdings’ flagship newspaper yesterday announced an all-in-one subscription package to the daily print edition, the new ST iPad application, the
      201 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      132 9 emirates.com/sg Take a break from your break. Fly Emirates beyond Dubai and enjoy a complimentary hotel stay. Travel in style to over 100 destinations with Emirates and arrive feeling rested and rewarded, with a relaxing complimentary break in one of Dubai's most luxurious hotels. It's the perfect getaway from your
      132 words
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      1754 10 MATS BUY IT. SELL IT-FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg KING WAN CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****1034R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that the Extraordinary General Meeting of the Company will be held at 8 Sungei Kadut
      1,754 words
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      374 10 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF MARINE ENTERPRISES CORPORATION PTE. LTD. COMPANY REG. NO. *****3911E (IN MEMBERS’ VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed Company held at No. 48/19, Panya-Ramintra Village P.6, Bangchan, Klongsamwa District, Bangkok, Thailand on
      374 words
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  • SINGAPORE NEWS
    • Article
      Lock icon PMI negative for 2nd consecutive month
      492 11  -  August reading of 49.4 is up 0.1 pt from July, but below the 50-pt threshold By TEH SHI NING THE outlook for Singapore’s manufacturing sector remains subdued, with the purchasing managers’ index (PMI) in the red for a second straight month. Though the barometer
      492 words
    • Article
      Lock icon Molecule sized gear takes IMRE to Guinness record
      173 11 A*STAR’s Institute of Materials Research and Engineering (IMRE) has landed Singapore a Guinness World Record by successfully demonstrating the controlled rotation of a mole-cule-sized gear. This is expected to pave the way for the development of molecule-sized machines that could lead to
      173 words
    • Article
      Lock icon Views sought on draft Customs Bill
      149 11 MEMBERS of the public with views on customs policies and enforcement may comment on the draft Customs (Amendment) Bill 2011 this month. The Ministry of Finance and Singapore Customs are seeking public feedback, until Sept 23, on the draft legislation, which covers, among other
      149 words
    • Article, Illustration
      Lock icon CPF breaks into top 10 list of biggest funds
      397 11  -  It takes 10th spot with assets worth US$144.8 billion By LYNN KAN SINGAPORE’S Central Provident Fund (CPF) is the 10th-largest pension fund in the world as at Dec 31, 2010, managing assets worth US$144.8 billion. It is the first time the
      THE STRAITS TIMES FILE PHOTO  -  397 words
    • Article, Illustration
      Lock icon UK keen to boost partnership with S’pore
      564 11  -  High Commissioner cites prosperity, security issues By LEE U-WEN THE United Kingdom is keen to review and build on its close partnership with Singapore both on the economic and political fronts over the coming years. And with the Republic having gone through two
      564 words
    • Article
      Lock icon RMs in S’pore, HK don’t stay in the job: PwC
      400 11  -  To avoid being tied to sales targets, they start own firms By GENEVIEVE CUA PRIVATE banks are reaching for an easy solution to the dire shortage of experienced staff by poaching from their rivals. But the Asia-Pacific findings of PwC’s
      400 words
    • Article
      Lock icon CSR must do a Web 2.0 to be more impactful
      318 11  -  Government intervention crucial, says exponent By LYNN KAN CORPORATE social responsibility (CSR) in its current form is “not adequate” because it is uneconomic and often, merely an incremental effort that does not make a significant impact. Instead, CSR must be
      318 words
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  • SME Inc
    • Article, Illustration
      Lock icon Transforming lives for the better
      1003 12  -  Milaap’s co-founders combine charity with sustainability to provide Indians with basic needs, reports STEPHANIE RIADY reports STEPHANIE RIADY MANY of India’s poor rely on the largesse of the wealthy for basic needs such as potable water and sanitation. But as a one-way stream of capital,
      1,003 words
    • Article, Illustration
      Lock icon Customising packaging solutions a win-win for Winson Press
      1001 12  -  By MINDY TAN DESPITE the many accolades it has under its belt, Winson Press is proudest of the fact that it is one of a handful of printers in the world that prints not just labels for goods but also the boxes
      ARTHUR LEE  -  1,001 words
    • Article
      Lock icon Fair warning for SMEs looking to list: Be prepared
      794 13  -  To maximise valuation, a company must always be prepared for listing, regardless of market conditions COMMENTARY By ERNEST KAN The writer is head of global IFRS offerings services at Deloitte South-east Asia IN 2010, Singapore saw a hive of activities in
      794 words
    • Article
      Lock icon Setting up a call centre
      617 13 ASK NUS PROFS Q: Should an SME set up a call centre, and what are the factors to consider before setting up one, because it seems expensive? Is there a minimum number of staff required for a call centre to work? Victoria Poh A: Call
      617 words
    • Article, Illustration
      Lock icon Finding opportunity in crises
      1141 14  -  Cyclect’s management team tells LEE KANG HAO, GUAN MEISI and LIM JIA YING how the third-generation leadership transformed a company, which was in trouble, into a two-time E50 award winner in just six years LEE KANG HAO, GUAN MEISI LIM JIA YING The writers are students
      YEN MENG JIIN  -  1,141 words
    • Article, Illustration
      Lock icon Distinguishing themselves with excellent customer service
      705 14  -  By MICHELLE YEO FOR someone who claims to not be very good at handling people relations, David Loke seems to know just how to handle clients to make his hosting company ReadySpace stand out. And stand out it has. Despite not having a background
      ARTHUR LEE  -  705 words
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      397 13 rn r»- V JBE5^*T V 1 1 A fc, dk V 4 WW Experience True Happiness And Prosperity JSm welcome Master Ryu ho Okawa The World Spiritual Leader Master Ryuho Okawa the founder of Happy Science is in Singapore for the very first time. He has devoted much of his
      397 words
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      7 14 Economic uncertainties donotseemto havedampened appetitefor property??????? Tosubscribe,call6388-3838orgotosphsubscription.com.sg
      7 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Aussie corporate profit, inventories get a lift
      431 15 Reuters [SYDNEY] Australian firms enjoyed a healthy jump in profits last quarter as mining boomed, while a rapid rise in business inventories suggested growth in the economy as a whole could have outstripped expectations. Yesterday’s upbeat domestic data would be a comfort to
      Reuters; AFP  -  431 words
    • Article
      Lock icon Italy vows to meet debt goals as worries grow
      571 15 Reuters [CERNOBBIO, Italy] Economy Minister Giulio Tremonti has promised to meet Italy’s budget commitments after the European Central Bank stepped up pressure for action by the struggling centre-right government. Mr Tremonti, under mounting pressure to present a credible plan to fulfil
      Reuters  -  571 words
    • Article
      Lock icon Investment bank sounds warning for global investors
      449 15 Red flags over China monetary policies, global manufacturing Bloomberg [SHANGHAI] Global investors should brace “for more pain” as manufacturing growth slumps and prospects that Chinese monetary policies will loosen have faded, said China International Capital Corp, Asia’s biggest investment bank. China’s August manufacturing
      Bloomberg  -  449 words
    • Article
      Lock icon UK services sector activity slows at fastest pace in a decade
      399 15 Reuters [LONDON] Activity in Britain’s dominant services sector slowed at the fastest pace in more than a decade last month, and firms’ confidence in future business weakened to a one-year low, adding to evidence of a stalling economic recovery.
      Reuters  -  399 words
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      90 15 10 SEPTEMBER 2011 SATURDAY, 7PM SINGAPORE RACECOURSE (KRANJI) @The Racecourse Celebrate Mid-Autumn with your family and the renowned conductor, Maestro Lim Yau FREE ADMISSION > Free balloon sculptures and exclusive Singapore Turf Club premiums await you*. Meet the Singapore Turf Club Mascots. Participate in a fun contest and stand a
      90 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Mizuho now a commercial bank in KL
      448 16  -  Previously, M’sian business was conducted out of S’pore or Labuan By PAULINE NG By in Kuala Lumpur MIZUHO Corporate Bank (Malaysia) began operations as a commercial bank in Kuala Lumpur yesterday with an eye on providing a full range of financial services to
      448 words
    • Article
      Lock icon Jakarta bank cap not aimed at KL owners
      619 16  -  Central bank official says it applies to all Indonesian banks B y S JAYASANKARAN in Kuala Lumpur SHOULD Jakarta impose caps on foreign shareholdings in Indonesian banks, those affected would be given “a long enough transition period” for divestment. In addition, there
      619 words
    • Article
      Lock icon Indonesia inflation rises to 4.79%
      255 16 Central bank is in a tough spot with inflation remaining high Reuters [JAKARTA] Indonesia’s inflation quickened in August to 4.79 per cent from a year ago as food prices rose during the Ramadan fasting season, reinforcing expectations that Bank Indonesia would look past temporary factors
      Reuters  -  255 words
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      4404 16 BUY IT• SELL IT-FIND IT MATS "YTTf'T Q Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES SUNSHINE ASSETS LIMITED (Company Registration No: *****4006K) (Incorporated in the Republic of Singapore) NOTICE OF MEETING S$25,000,000 Fixed Rate Notes Due 2012 comprised in Series 009 (ISIN Code: SG7T*****883) (the "Series 009 Notes") issued by Sunshine
      4,404 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Indian mining baron arrested
      287 17 G Janardhana Reddy charged with conspiracy, cheating and irregularities under mining act Reuters [NEW DELHI] Police arrested a powerful politician and mining baron in India’s min-eral-rich Karnataka state yesterday over illegal iron-ore production, the latest move by the beleaguered government to dig out deep-rooted corruption. Federal
      Reuters  -  287 words
    • Article
      Lock icon Delhi’s fiscal efforts not bold enough: Moody’s
      378 17 Reducing govt expenditure vital for consolidation Reuters [MUMBAI] India’s fiscal consolidation efforts have been incremental, rather than bold, and reducing the government’s expenditure is vital for consolidation, Moody’s Investors Service said in its annual credit analysis note. “Although revenue buoyancy has helped reduce
      Reuters  -  378 words
    • Article, Illustration
      Lock icon China, India post slowdown in service industry growth
      504 17 Faltering recovery in the US, Europe’s debt crisis hurt Asia’s exports Bloomberg Reuters [NEW DELHI] China and India have reported a slowdown in the growth of their services industry. For India, the services sector grew at the slowest pace in more than
      Bloomberg; Reuters; REUTERS  -  504 words
  • Page 17 Advertisements
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      272 17 Visit USA with ANA! All-inclusive Fares for Amazing Value! Visit us ana.com.sg P iM I ■1T\ i 7, J V"1,775 Honolulu Fr S$ 1.985 New York Chicago Houston Minneapolis Detroit Cleveland Fr S$ 1895 San Francisco Los Angeles Las Vegas Seattle Portland Salt Lake City Vancouver Fr S$ Pr$h I
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      Lock icon Page 17 Advertisements Column 2
      28 17 RECUPERATE Sleep On Waveless Waterbeds German Ingenuity That Heals While You Sleep EverRest FANTASY WATERBEDS SLEEP CENTRE #01-15/16 The Furniture Mall (The Plaza) 7500D Beach Road Tel: 6469-1381
      28 words
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  • WORLD
    • Article, Illustration
      Lock icon Finland looks for collateral compromise
      734 18 IMF opposes its bilateral arrangement with Greece Bloomberg [HELSINKI] Finland is stepping up efforts to find a compromise with Europe on its collateral demands amid International Monetary Fund (IMF) opposition to forcing Greece to give euro members extra security for new loans. “We absolutely don’t
      Bloomberg; AFP  -  734 words
    • Article
      Lock icon Savings committee leaves Washington lobbyists in a fix
      731 18 The Washington Post [WASHINGTON] The bipartisan congressional supercommittee charged with finding US$1.5 trillion in budget savings is leaving Washington lobbying firms in a quandary, seeing their clients pitted against one another in a competition for government cash. Major defence contractors such as
      The Washington Post  -  731 words
    • Article
      Lock icon Banker sees stunted bank profit for years
      582 18 Deustche Bank chief draws similarity to crisis of 2008 Bloomberg [FRANKFURT] Europe’s sovereign debt crisis will stunt bank profit for years and could kill off the weakest, Deutsche Bank chief executive Josef Ackermann told industry bosses, amid intense scrutiny of the sector’s finances.
      Bloomberg  -  582 words
    • Article, Illustration
      Lock icon Thai minister defends sovereign fund plans
      547 18 Bloomberg [BANGKOK] Thai Finance Minister Thirachai Phuvanatnaranubala said that the establishment of a sovereign wealth fund may help the central bank narrow losses on its currency and bond investments. “It’s a suggestion to help resolve the problem,” Mr Thirachai wrote on his official Facebook
      Bloomberg; AFP  -  547 words
    • Article, Illustration
      Lock icon Longstanding issues could disrupt region
      613 19  -  Goh says ensuring peaceful transition amid major power shifts is a challenge By LEE U-WEN [SINGAPORE] Even as the balance of power in the global economy continues to shift eastwards, there are many longstanding issues that have the potential to disrupt regional stability and hold
      613 words
    • Article
      Lock icon RBS to restrict customers’ use of other banks’ ATMs
      458 19 Bloomberg [LONDON] Royal Bank of Scotland Group plc, the UK’s biggest govern-ment-controlled bank, is restricting holders of one million basic accounts to its own automatic teller machines, a step that lawmakers and consumer groups say may lead to the end of
      Bloomberg  -  458 words
    • Article, Illustration
      Lock icon US Postal Service on brink of default
      757 19 It may shut down this winter unless Congress steps in NYT [WASHINGTON] The US Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on
      NYT; AFP  -  757 words
    • Article
      Lock icon Junk bonds in for worst quarter in 3 years
      300 19 Speculative-grade bonds in Europe down 6.4% since start of third quarter Bloomberg [LONDON] Junk bonds are heading for their worst quarter in almost three years as Europe’s spreading deficit crisis drives investors out of the riskiest debt. Speculative-grade bonds in the
      Bloomberg  -  300 words
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      22 19 How to run a business without running out of ideas SMESept/Octissueoutnow! Producedby !10start-upstowatch !Beforeyousignonthedottedline... !Haveyoufoundyourniche? !HiringandfiringinChina–knowtheregulatoryframework andincreaseyourchancesofsuccess !Fivemistakestoavoidinyourcorporatewebsite AvailableatCaltex,Esso,ShellandSPCpetrolstations, 7ElevenandCheersstoresandleadingbookstores Tosubscribe($30forsixissuesdeliveredtoyourofficeorhome),pleasecall6388-3838. GetacomplimentarycopyifyouareaTNTclient,whilestockslast!
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  • EDITORIAL & OPINION
    • Article
      Lock icon A challenging decade for airlines
      482 20 EDITORIAL ON SUNDAY, the world will remember the 10th anniversary of the terrifying event of Sept 11, 2001. It is an event which marked a new phase in global terrorism. With airplanes the weapons of choice by the terrorists who ultimately killed some 3,000 people
      482 words
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      Lock icon India’s own Tea Party movement here to stay
      826 20  -  THE BOTTOM LINE WILLIAM PESEK JR The writer is a Bloomberg View columnist. The opinions expressed are his own Bloomberg FEW people in their right mind would find any good in a US$31 billion loss. In India’s case, it may just be
      Bloomberg  -  826 words
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      Lock icon No more Mr Nice Guy against Republicans
      1217 20  -  Obama should blame them for the political and economic mess in Washington LEON HADAR Washington Correspondent IT HAS been common practice in Washington for more than two centuries: The US president sends a letter to the leaders of Congress in which he asks
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      Lock icon Phenomenal China growth at an end
      1223 21  -  Besides using up its two one-time bonuses, the Asian giant now faces political, environmental and structural barriers By SALVATORE BABONES The writer is senior lecturer in sociology and social policy at the University of Sydney in Australia. This article is drawn from Foreign Affairs,
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      Lock icon The long and short of short selling
      750 21  -  By ZSUZSA R HUSZÁR The writer is assistant professor at the Department of Finance, NUS Business School. Her research interests are in short selling, corporate diversification and real estate. This commentary is based on her research with Ekkehart Boehmer and Bradford D Jordan
      AP  -  750 words
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  • AVIATION
    • Article, Illustration
      Lock icon Lockheed hopes to win Japan deal with stealth technology
      621 22 F-35 has better antiradar capabilities than Eurofighter, Boeing aircraft Bloomberg [TOKYO] Lockheed Martin, the world’s largest defence company, is counting on stealth technology to beat Boeing and Eurofighter in a Japanese fighter contest that may be worth more than US$4 billion.
      Bloomberg; REUTERS  -  621 words
    • Article
      Lock icon Mumbai’s airport runway reopens after 3 days
      253 22 AFP [MUMBAI] Mumbai airport’s main runway reopened for the first time in three days yesterday, after a Turkish Airlines jet skidded on landing in the Indian city and became stuck in mud. Officials at the Chhatrapati Shivaji International Airport said a team of
      AFP  -  253 words
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      Lock icon Black Hawk gives Sikorsky a lift
      690 22 Helicopter maker’s sales double to US$6.7b from 2005 AP [HARTFORD, Connecticut] America’s wars since the attacks of Sept 11, 2001 have been a boon for the maker of Black Hawk helicopters, a workhorse the US military has relied on heavily to strike targets and
      AP; REUTERS  -  690 words
    • Article
      Lock icon US airport unveils new body scan technology
      443 22 AP [NEWARK, New Jersey] Newark Liberty International Airport became the first New York-area airport to install body scanning technology that will replace a system that was harshly criticised for invading travellers’ privacy by displaying naked images. Transportation Security Administration (TSA) officials unveiled the
      AP  -  443 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      325 22 CRYPTIC CROSSWORD Across 1 Like a loud blonde’s relationship? (4,6) 6 Just about having a go (4) 10 Discard shot game (5) 11 Share beds (9) 12 Clear up and give correct points to club, finally (8) 13 Keen on crossing river it’s a short passage (5) 15 Hastily repaired
      325 words
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  • SHIPPING
    • Article
      Lock icon SHIPPING TIMES
      2869 23 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 BIOGRAD Jebel Ali/Dammam
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      Lock icon CMA CGM bonds flag default risks
      814 24 Container line hit by collapse in freight charges on Asia-to-Europe route Bloomberg [LONDON] Bonds and derivatives tied to CMA CGM, the third-largest container line, are signalling that the company has a nine in 10 chance of defaulting as the slowing global recovery pushes freight
      Bloomberg; BLOOMBERG  -  814 words
    • Article
      Lock icon TRANSPORT ST0CKS
      276 24 SGX '000 Aug 8 S$ +/-Vol CH Offshore 0.38 -0.03 222 Chuan Hup Hldg 0.24 -0.02 1266 Cosco Corp 1.30 -0.07 ***** CWT Ltd 1.16 -0.08 2643 Ezra Hldgs 1.03 -0.08 ***** First Ship Lea 0.33 -0.02 2305 Freight Links 0.06 -0.01 4229 Grand Banks unch unch 0
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      625 24 Register Today for The Middle East’s Premier Oil Conference! Under the Patronage of His Highness Sheikh Mohammed bin Rashid al Maktoum Vice President and Prime Minister of the UAE and Ruler of Dubai MIDDLE EAST PETROLEUM GAS CONFERENCE 2 4 October 2011, Mina A’Salam, Madinat Jumeirah, DUBAI, UAE High Oil
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      20 24 L e gal ft services 1 required by I services i, xl here in the shippers I Shipping owners Tmes!
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8032 25 Transaction date: Sep 5 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 12 8Telecom 12.8 11.1 14.5 7.8 4.8 2.7 61.3 9.5 4.5 A-Sonic 5.2 4.8 5.4 2.5 1.9 37.2 62.5
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      Lock icon SGX CATALIST
      1461 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 14 t 800 Super 15.6 14.8 15.4 4.7 3.5 6 27.9 5.5 3.7 t AA Grp 4 2.8 3.9 19 3.9 200 114
      1,461 words
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      Lock icon UNIT TRUSTS & FUNDS
      10069 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.23/ APS Alpha Fund (USD)!** 1.02/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.61/ Aberdeen Asset Mgt Asia Limited American Opp 0.5718/ Asian Credit Fund
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      Lock icon GLOBALQUOTE
      234 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A39cd 36.5 45 3.6 9 3.1 101.6 55 29.5 Genting HK US$ US34 -1.5 4494 34.5 33.5 33.5 34 2238.7 20.5 10 OGL Resources
      234 words
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      Lock icon SGX ETF
      883 26 52-Wk Last Vol Day Last Quoted Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 127 108 ABF SG Bond ETF 125 112 122 570.6 1261 945 CIMBAsean40 100US$ US1022 -5 11 1022 1018 1011 1019 40.9 350 276 DBS STI
      883 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Sep 2 Index Change Change Change Change Change Change World Index Preliminary 805.7 -1.9 -10.2 -1.9 -13.3 -1.9 -7.8 EAFE Preliminary 677.7 -2.3 -15.4 -2.2 -15.6 -2.2 -10.3 Europe Preliminary 980.6 -2.9
      374 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      81 27 CRUDE OIL PRODUCTS Sep 2 CRUDE (FOB origin)8815 US$/barrel Close Change Brent blend (1-Mth F) 113.63. -1.42 WTI (Near Mth) 86.68 -2.40 Dubai (1-Mth F).1762 108.66 -0.06 Tapis blend 122.16 -0.02 Minas 116.91 -0.02 8815 85.17 177.4 176.2 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.39 -0.28 Jet Kerosene 127.15
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      Lock icon CHICAGO BOT
      128 27 1.4369 1.6278 1.0416 Sep 2 Sep-11 1.0483 1.0401 1.0416 Sep-11 9042.00 8842.00 8995.00 Oct-11 85.76 85.04 Aug-11 181.00 178.50 179.20 Sep-11 180.60 178.00 179.00 SOYBEANS (5,000 min; US cents/60 lb bushels)Sep-*****2.*****2.00 Close Previous High/Low Sep 11 1436.00 1424.75 1441.75 1426.00.. Nov 11Au 1445.75 1434.50 1452.00 1435.**********50 Jan 12Se
      128 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      85 27 Sep 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 08.12.2011 0.20 0.14 0.14 1-Year BY*****X 02.05.2012 0.19 0.00 0.00 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.78 103.81 103.79 5-Year N*****0W 1.125
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      463 27 Sep 5 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6150 0 2503 Dec11 99.4100 0 1476 Mar12 99.4250 0 1015 Jun12 99.4550 0 1189 EUROYEN TIBOR FUTURES Sep11 99.6700 99.6700 99.6700 99.6700 300 1519 Dec11 99.6850 99.6850 99.6850 99.6950 250 2179 Mar12 99.6950 0 2388
      463 words
    • Article
      Lock icon SICOM FUTURES
      169 27 Sep 5 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Oct 11 467.0 465.0 466.7 14 396 Nov 11 469.0 469.0 467.9 8 351 Dec 11 471.0 469.7 471.0 50 524 Jan 12 471.2 339 Feb 12 472.2 249
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      Lock icon SMX MARKET UPDATE
      104 27 As on 2 September 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold OCT-11 1880.60 1828.30 1871.60 1826.8 Silver DEC-11 42.600 41.900 42.405 41.535 CURRENCY GBP-US Dollar SEP-11 1.6194 1.6179 1.6182 1.6176 Euro-US
      104 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Sep 05 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.32 1.246 Can dollar 1.244 1.197 Euro 1.74 1.674 Sterling pound 1.987 1.911 NZ dollar 1.045 0.996 US dollar 1.223 1.176 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 27 Sep 5 Open High Sett STI Sep 2774 SIMSCI Sep 324.2 324.9 316.9 Taiwan Sep 271.2 272.2 264.3 Source: MF Global (S) Pte Ltd
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2221 27 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 10 1 150 25 12.80 32 ASJ Hldgs W*****1 0.5 1 4 29 7.00 5 AlliedTech W*****2 1.7 1 4 26 Aztech Grp W*****3 0.6 1 20 96
      2,221 words
    • Article
      Lock icon INTERBANK RATES
      154 27 Sep 5 $S Offer Bid 0vernight 0.03 0.02 1-month 3/16 1/16 2-months 3/16 1/16 3-months 1/4 1/8 Overnight mode: 0.02 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.50 0.30 3 months 0.55 0.35 6 months 0.70 0.50 9 months 0.85 0.65 12
      154 words
    • Article
      Lock icon INTERBANK CROSS RATES
      462 27 Sep 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.045 6.760 0.749 8.246 48.592 90.462 0.813 11.304 3.150 1.259 92.489 44.823 1.277 7.499 0.833 30.769 31.670 0.656 1.059 Canada 0.957 6.468
      462 words
    • Article
      Lock icon SIBOR
      85 27 Sep 5 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths -0.***** 6 mths -0.***** 9 mths -0.***** 12 mths
      85 words
    • Article
      Lock icon PRECIOUS METALS
      140 27 Sep 5 GOLD (US$/oz) Sep 05 Sep 02 Hong Kong 1894.00 1852.00 Sep 02 Sep 01 London 1874.19 1825.49 1875.26 1827.21 Source: Thomson Reuters CAST BAR Sep 05 (S$) Selling Buying Kilobar 78,037.24 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 175 73 5gm 496 364 10gm 886
      140 words
    • Article
      Lock icon LONDON METALS
      71 27 Sep 2 Sep 2 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2399.50 2418.50 3 months 2436.00 2455.00 Copper, Grade A (US$/tonne) Cash 9056.75 9126.75 3 months 9076.00 9145.00 Lead (US$/tonne) Cash 2479.50 2570.50 3 months 2460.00 2550.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Sep 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2763 1.2774 1.0583 1.0590 Canadian dollar 1.2211 1.2221 1.0126 1.0132 Euro 1.7056 1.7060 1.4143 1.4144 NZ dollar 1.0130 1.0156 0.8400 0.8420 Sterling pound 1.9461 1.9468 1.6137 1.6140
      154 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Sep 5 S$ Bid Offer 1-month 1.2057 1.2060 2-months 1.2051 1.2056 3-months 1.2043 1.2047 6-months 1.2008 1.2015 Source: OCBC
      22 words
    • Article
      Lock icon PALM OIL
      53 27 Sep 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 11 3188 3144 3188 3144 91 2058 Oct 11 3109 ***** Nov 11 3050 ***** Dec 11 3043 ***** Total o/p: *****0 contracts Turnover: 1952 Market tone:
      53 words
    • Article
      Lock icon LIFFE
      82 27 Sep 2 COCOA (£/tonne) Close Prev High/Low Sep 11 1930 1927 1940/1911 Dec 11 1951 1945 1960/1934 Mar 12 1969 1959 1975/1952 May 12 1975 1964 1981/1959 COFFEE (US$/tonne) Close Pev High/Low Sep 11 2241 2295 2287/2230 Nov 11 2275 2325 2327/2246 Jan 12 2296 2345 2344/2267 Mar 12
      82 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Cheung Kong looks primed for action
      1202 28 Group seeks to replenish reserves after a pullback in home prices Bloomberg [HONG KONG] Cheung Kong (Holdings) Ltd, which sold the most homes in Hong Kong in the first half, may lead developers’ bids at a government land auction as it seeks to replenish
      Bloomberg; AFP  -  1,202 words
    • Article
      Lock icon Berkeley to hit profit target 2 years early
      352 28 More buoyant conditions since May last year helped Reuters [LONDON] London-focused builder and developer Berkeley Group said it would hit a profit target two years earlier than expected thanks to more buoyant conditions since May last year. The group, renowned for its
      Reuters  -  352 words
    • Article, Illustration
      Lock icon UK govt to press on with building planning reform
      565 29 It says changes vital to revive faltering economy, make housing affordable Reuters [LONDON] Senior ministers yesterday said that they will press ahead with proposals for the biggest shake-up to Britain’s building planning system in decades despite criticism that it would blight
      Reuters; REUTERS  -  565 words
    • Article
      Lock icon China Vanke sales fall 12.6% in August
      232 29 Reuters [SHANGHAI] China Vanke posted a 12.6 per cent fall in property sales for August from a year earlier, the country’s largest developer by sales said yesterday, reporting its first drop in at least over a year. Based on preliminary sales figures, Vanke
      Reuters  -  232 words
    • Article, Illustration
      Lock icon Weekend launches off to a good start
      387 30  -  The Meyerise sees 70% take-up while The Luxurie in Sengkang sees 82% By MINDY TAN TWO project launches over the weekend a preview of The Meyerise and the official launch of The Luxurie saw a strong turnout. The Meyerise, a 239-unit freehold development
      387 words
    • Article
      Lock icon 2 residential sites in District 10 up for sale
      303 30 TWO residential redevelopment sites in District 10 have been launched for sale by tender. Dynasty Garden, a freehold redevelopment site located along Sixth Avenue, has a land area of 6,809.8 square metres (approximately 73,300 sq ft). It has a guide price
      303 words
    • Article
      Lock icon LVMH eyes bid for Indian-owned luxury hotel chain
      352 30 Bloomberg [MUMBAI] LVMH Moet Hennessy Louis Vuitton SA is among companies examining offers for luxury hotel chain Amanresorts International Pte, said two people with knowledge of the matter. DLF Ltd, an Indian real estate developer, has received at least five non-binding bids
      Bloomberg  -  352 words
  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      161 28 135 Cecil Street Freehold Office Building in CBD Modern 14-storey building Refurbished in 2007 Site Area 8,011 sq ft GFA 100,900 sq ft NLA 83,076 sq ft 31 carparking lots With naming rights Major tenants include some of Asia’s biggest banks For Sale by Expressions of Interest Closing: Thurs, 15
      161 words
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      Lock icon Page 28 Advertisements Column 2
      39 28 Greenbank Park Modern 2 storey semi-det with attic Land 3959 sq ft Newly rebuilt 4+1+1 bdrms 16m lap pool View to appreciate Price: $5.2 m KCNg 9853 1001 Citiprop Property Nlgt P/L CEA Reg No: R*****4B License No: L*****16G
      39 words
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      Lock icon Page 28 Advertisements Column 3
      69 28 RARE COLLECTIVE LANDED SALE! -By Exclusive Agent Riza Lee Ai Yue *$5 y>\ «r <$> Simon Place and Da Silva Lane Kovan MRT, Heartland Mall and NEX Ideal For Redevelopment 2 Storey Inter and Corner Bungalow (Total 9 Plots ofLand) Freehold Land approx *****sf Plot Ratio 1.4/ Max 5 StoreyApts/
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      Lock icon Page 29 Advertisements Column 1
      77 29 LicNo:L*****87F STUART CHNG6100-8858 CEA Reg. R*****5Z OEI TIONG HAM *****sqft. Beautiful, privacy SWISS CLUB *****sqft. Good buy, serene surroundings THIRD AVE *****sqft. Urgent VICTORIA PARK *****sqft. 2 bungalows. Urgent WINDSOR *****sqft. Priced to sell, beautiful, move-in cond YARWOOD *****sqft. Sub-divide OWNERS WELCOME BINJAI ***** *****sqft. Rebuild, modern, best buy BISHOPGATE
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      Lock icon Page 29 Advertisements Column 2
      248 29 Auction Sale District 10. Exclusive 2-storey freehold bungalow at Oei Tiong Ham Park. DTZ AUCTION Annalyn Ooi (R*****6G) 6393 2505 9724 3662 Sited on elevated ground Under Master Plan 2008, zoned “Residential” within the “Oei Tiong Ham Park” Good Class Bungalow Area Site Area: 13,841 sq ft approx. Floor Area:
      248 words
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      Lock icon Page 29 Advertisements Column 3
      253 29 “Best Time to Invest in Central Tokyo” Investment Fair Venue: #06-00 Raffles City Tower 250 North Bridge Road Singapore *****1 Prime condominiums within core central wards Ride on Japan’s recovery Freehold title No restrictions on foreigners High occupancy and stable yield Prices from S$380,000 Date: 10 11 Sept 2011 (Sat
      253 words
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      95 30 Investment T rends (^MARKETS Singapore's Best CFD provider for Customer Satisfaction 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. Find all you need to get started at igmarkets.com.sg or call
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